Business Segments (Tables)

6 Months Ended

Oct. 31, 2018

Segment Reporting [Abstract]

Financial Highlights by Business Segment

Financial highlights by business segment are as follows:

	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