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 IP, 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 January 31, 2019
	Executive Search
	North America		EMEA		Asia Pacific			Latin America		Subtotal		Advisory		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	114,215	$	45,940	$	25,687		$	7,554	$	193,396	$	201,502	$	79,606	$	—		$	474,504
Total revenue	$	117,725	$	46,639	$	26,046		$	7,573	$	197,983	$	205,677	$	82,512	$	—		$	486,172

Net income attributable to Korn Ferry																			$	44,964
Net income attributable to noncontrolling interest																				480
Other income, net																				(2,401	)
Interest expense, net																				4,282
Equity in earnings of unconsolidated subsidiaries, net																				(62	)
Income tax provision																				15,420
Operating income (loss)	$	30,596	$	7,525	$	5,929		$	653	$	44,703	$	29,279	$	12,176	$	(23,475	)		62,683
Depreciation and amortization		970		402		338			97		1,807		7,307		803		1,824			11,741
Other income (loss), net		1,564		26		(134	)		133		1,589		786		77		(51	)		2,401
Equity in earnings of unconsolidated subsidiaries, net		62		—		—			—		62		—		—		—			62
EBITDA		33,192		7,953		6,133			883		48,161		37,372		13,056		(21,702	)		76,887
Integration/acquisition costs		—		—		—			—		—		777		—		27			804
Adjusted EBITDA	$	33,192	$	7,953	$	6,133		$	883	$	48,161	$	38,149	$	13,056	$	(21,675	)	$	77,691

	Three Months Ended January 31, 2018
	Executive Search
	North America		EMEA		Asia Pacific		Latin America		Subtotal		Advisory		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	102,716	$	46,782	$	24,493	$	6,425	$	180,416	$	198,056	$	69,109	$	—		$	447,581
Total revenue	$	106,332	$	47,763	$	24,942	$	6,456	$	185,493	$	201,961	$	73,316	$	—		$	460,770

Net income attributable to Korn Ferry																		$	27,247
Net income attributable to noncontrolling interest																			180
Other income, net																			(7,510	)
Interest expense, net																			3,710
Equity in earnings of unconsolidated subsidiaries, net																			(97	)
Income tax provision																			26,316
Operating income (loss)	$	21,408	$	7,329	$	5,289	$	408	$	34,434	$	27,057	$	10,064	$	(21,709	)		49,846
Depreciation and amortization		990		458		361		113		1,922		7,882		733		1,688			12,225
Other income, net		585		37		185		40		847		768		2		5,893			7,510
Equity in earnings of unconsolidated subsidiaries, net		97		—		—		—		97		—		—		—			97
EBITDA		23,080		7,824		5,835		561		37,300		35,707		10,799		(14,128	)		69,678
Integration/acquisition costs		—		—		—		—		—		1,593		—		80			1,673
Adjusted EBITDA	$	23,080	$	7,824	$	5,835	$	561	$	37,300	$	37,300	$	10,799	$	(14,048	)	$	71,351

	Nine Months Ended January 31, 2019
	Executive Search
	North America		EMEA		Asia Pacific		Latin America		Subtotal		Advisory			RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	342,175	$	137,522	$	79,918	$	24,339	$	583,954	$	613,966		$	237,357	$	—		$	1,435,277
Total revenue	$	352,804	$	140,024	$	80,817	$	24,388	$	598,033	$	627,243		$	246,051	$	—		$	1,471,327

Net income attributable to Korn Ferry																			$	52,387
Net income attributable to noncontrolling interest																				1,782
Other income, net																				(2,292	)
Interest expense, net																				12,722
Equity in earnings of unconsolidated subsidiaries, net																				(191	)
Income tax provision																				14,143
Operating income (loss)	$	92,438	$	21,813	$	19,337	$	3,460	$	137,048	$	(24,374	)	$	36,337	$	(70,460	)		78,551
Depreciation and amortization		2,917		867		1,083		305		5,172		21,702			2,325		5,291			34,490
Other income (loss), net		955		388		118		263		1,724		1,621			103		(1,156	)		2,292
Equity in earnings of unconsolidated subsidiaries, net		191		—		—		—		191		—			—		—			191
EBITDA		96,501		23,068		20,538		4,028		144,135		(1,051	)		38,765		(66,325	)		115,524
Integration/acquisition costs		—		—		—		—		—		6,559			—		187			6,746
Tradename write-offs		—		—		—		—		—		106,555			—		—			106,555
Adjusted EBITDA	$	96,501	$	23,068	$	20,538	$	4,028	$	144,135	$	112,063		$	38,765	$	(66,138	)	$	228,825

	Nine Months Ended January 31, 2018
	Executive Search
	North America		EMEA		Asia Pacific		Latin America		Subtotal		Advisory			RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	296,093	$	128,249	$	71,983	$	22,048	$	518,373	$	577,462		$	196,018	$	—		$	1,291,853
Total revenue	$	305,866	$	130,894	$	73,009	$	22,114	$	531,883	$	589,093		$	210,179	$	—		$	1,331,155

Net income attributable to Korn Ferry																			$	92,619
Net income attributable to noncontrolling interest																				969
Other income, net																				(14,311	)
Interest expense, net																				11,014
Equity in earnings of unconsolidated subsidiaries, net																				(187	)
Income tax provision																				54,145
Operating income (loss)	$	66,517	$	20,349	$	12,811	$	2,961	$	102,638	$	72,459		$	27,727	$	(58,575	)		144,249
Depreciation and amortization		2,923		1,345		1,052		331		5,651		24,110			2,313		4,807			36,881
Other income, net		1,157		136		384		99		1,776		1,654			10		10,871			14,311
Equity in earnings of unconsolidated subsidiaries, net		187		—		—		—		187		—			—		—			187
EBITDA		70,784		21,830		14,247		3,391		110,252		98,223			30,050		(42,897	)		195,628
Restructuring charges (recoveries), net		—		—		313		—		313		(241	)		6		—			78
Integration/acquisition costs		—		—		—		—		—		6,455			—		199			6,654
Adjusted EBITDA	$	70,784	$	21,830	$	14,560	$	3,391	$	110,565	$	104,437		$	30,056	$	(42,698	)	$	202,360