The Company currently operates in three global businesses: Executive Search, Advisory and RPO & Professional Search. The Executive Search segment focuses on recruiting board level, chief executive and other senior executive and general management positions, in addition to research-based interviewing and onboarding solutions, for clients predominantly in the consumer goods, financial services, industrial, life sciences/healthcare and technology industries. Advisory assists clients synchronize strategy and talent by addressing four fundamental needs: Organizational Strategy, Assessment and Succession, Leadership Development, and Rewards and Benefits, all underpinned by a comprehensive array of world-leading intellectual property, products and tools. RPO & Professional Search is a global industry leader in high-impact talent acquisition solutions. Its portfolio of services includes global and regional RPO, project recruitment, individual professional search and consulting. The Executive Search business segment is managed by geographic regional leaders and Advisory and RPO & Professional Search worldwide operations are managed by their Chief Executive Officers. The Executive Search geographic regional leaders and the Chief Executive Officers of Advisory and RPO & Professional Search report directly to the Chief Executive Officer of the Company. The Company also operates a Corporate segment to record global expenses of the Company.

The Company evaluates performance and allocates resources based on the Company’s chief operating decision maker’s review of (1) fee revenue and (2) adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). To the extent that such charges occur, Adjusted EBITDA excludes restructuring charges, integration/acquisition costs, certain separation costs and certain non-cash charges (goodwill, intangible asset and other than temporary impairment). The accounting policies for the reportable segments are the same as those described in the summary of significant accounting policies, except the items described above are excluded from EBITDA to arrive at Adjusted EBITDA.

	Three Months Ended October 31, 2018
	Executive Search
	North America			EMEA		Asia Pacific		Latin America		Subtotal			Advisory		RPO & Professional Search			Corporate			Consolidated
	(in thousands)
Fee revenue	$	115,863		$	44,928	$	27,936	$	8,907	$	197,634		$	217,089	$	80,482		$	—		$	495,205
Total revenue	$	119,322		$	45,636	$	28,146	$	8,912	$	202,016		$	221,419	$	83,358		$	—		$	506,793

Net income attributable to Korn/Ferry International																					$	46,034
Net income attributable to noncontrolling interest																						1,283
Other loss, net																						4,600
Interest expense, net																						4,337
Equity in earnings of unconsolidated subsidiaries, net																						(100	)
Income tax provision																						14,833
Operating income (loss)	$	35,328		$	7,319	$	6,767	$	2,053	$	51,467		$	29,426	$	12,516		$	(22,422	)		70,987
Depreciation and amortization		968			95		375		101		1,539			6,964		761			1,754			11,018
Other (loss) income, net		(4,081	)		22		77		93		(3,889	)		265		(79	)		(897	)		(4,600	)
Equity in earnings of unconsolidated subsidiaries, net		100			—		—		—		100			—		—			—			100
EBITDA		32,315			7,436		7,219		2,247		49,217			36,655		13,198			(21,565	)		77,505
Integration/acquisition costs		—			—		—		—		—			2,755		—			80			2,835
Adjusted EBITDA	$	32,315		$	7,436	$	7,219	$	2,247	$	49,217		$	39,410	$	13,198		$	(21,485	)	$	80,340

	Three Months Ended October 31, 2017
	Executive Search
	North America		EMEA		Asia Pacific		Latin America		Subtotal		Advisory			RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	101,544	$	41,346	$	25,912	$	7,964	$	176,766	$	199,953		$	66,299	$	—		$	443,018
Total revenue	$	104,329	$	42,073	$	26,187	$	7,994	$	180,583	$	203,836		$	71,049	$	—		$	455,468

Net income attributable to Korn/Ferry International																			$	36,331
Net income attributable to noncontrolling interest																				401
Other income, net																				(3,447	)
Interest expense, net																				3,624
Equity in earnings of unconsolidated subsidiaries, net																				(60	)
Income tax provision																				15,619
Operating income (loss)	$	23,039	$	6,345	$	4,381	$	1,527	$	35,292	$	26,347		$	9,418	$	(18,589	)		52,468
Depreciation and amortization		984		459		371		111		1,925		8,143			784		1,595			12,447
Other income, net		290		43		94		39		466		455			—		2,526			3,447
Equity in earnings of unconsolidated subsidiaries, net		60		—		—		—		60		—			—		—			60
EBITDA		24,373		6,847		4,846		1,677		37,743		34,945			10,202		(14,468	)		68,422
Restructuring (recoveries) charges, net		—		—		273		—		273		(481	)		6		—			(202	)
Integration/acquisition costs		—		—		—		—		—		2,313			—		80			2,393
Adjusted EBITDA	$	24,373	$	6,847	$	5,119	$	1,677	$	38,016	$	36,777		$	10,208	$	(14,388	)	$	70,613

	Six Months Ended October 31, 2018
	Executive Search
	North America			EMEA		Asia Pacific		Latin America		Subtotal		Advisory			RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	227,960		$	91,582	$	54,231	$	16,785	$	390,558	$	412,464		$	157,751	$	—		$	960,773
Total revenue	$	235,079		$	93,385	$	54,771	$	16,815	$	400,050	$	421,566		$	163,539	$	—		$	985,155

Net income attributable to Korn/Ferry International																				$	7,423
Net income attributable to noncontrolling interest																					1,302
Other loss, net																					109
Interest expense, net																					8,440
Equity in earnings of unconsolidated subsidiaries, net																					(129	)
Income tax benefit																					(1,277	)
Operating income (loss)	$	61,842		$	14,288	$	13,408	$	2,807	$	92,345	$	(53,653	)	$	24,161	$	(46,985	)		15,868
Depreciation and amortization		1,947			465		745		208		3,365		14,395			1,522		3,467			22,749
Other (loss) income, net		(609	)		362		252		130		135		835			26		(1,105	)		(109	)
Equity in earnings of unconsolidated subsidiaries, net		129			—		—		—		129		—			—		—			129
EBITDA		63,309			15,115		14,405		3,145		95,974		(38,423	)		25,709		(44,623	)		38,637
Integration/acquisition costs		—			—		—		—		—		5,782			—		160			5,942
Tradename write-offs		—			—		—		—		—		106,555			—		—			106,555
Adjusted EBITDA	$	63,309		$	15,115	$	14,405	$	3,145	$	95,974	$	73,914		$	25,709	$	(44,463	)	$	151,134

	Six Months Ended October 31, 2017
	Executive Search
	North America		EMEA		Asia Pacific		Latin America		Subtotal		Advisory			RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	193,377	$	81,467	$	47,490	$	15,623	$	337,957	$	379,406		$	126,909	$	—		$	844,272
Total revenue	$	199,534	$	83,131	$	48,067	$	15,658	$	346,390	$	387,132		$	136,863	$	—		$	870,385

Net income attributable to Korn/Ferry International																			$	65,372
Net income attributable to noncontrolling interest																				789
Other income, net																				(6,801	)
Interest expense, net																				7,304
Equity in earnings of unconsolidated subsidiaries, net																				(90	)
Income tax provision																				27,829
Operating income (loss)	$	45,109	$	13,020	$	7,522	$	2,553	$	68,204	$	45,402		$	17,663	$	(36,866	)		94,403
Depreciation and amortization		1,933		887		691		218		3,729		16,228			1,580		3,119			24,656
Other income, net		572		99		199		59		929		886			8		4,978			6,801
Equity in earnings of unconsolidated subsidiaries, net		90		—		—		—		90		—			—		—			90
EBITDA		47,704		14,006		8,412		2,830		72,952		62,516			19,251		(28,769	)		125,950
Restructuring charges (recoveries), net		—		—		313		—		313		(241	)		6		—			78
Integration/acquisition costs		—		—		—		—		—		4,862			—		119			4,981
Adjusted EBITDA	$	47,704	$	14,006	$	8,725	$	2,830	$	73,265	$	67,137		$	19,257	$	(28,650	)	$	131,009