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Fee Revenue (Tables)
6 Months Ended
Oct. 31, 2020
Revenue From Contract With Customer [Abstract]  
Schedule of Contract Asset and Liability

The following table outlines the Company’s contract asset and liability balances as of October 31, 2020 and April 30, 2020:

 

 

 

October 31, 2020

 

 

April 30, 2020

 

 

 

(in thousands)

 

Contract assets-unbilled receivables

 

$

88,937

 

 

$

65,370

 

Contract liabilities-deferred revenue

 

$

143,620

 

 

$

133,128

 

Schedule of Disaggregation of Fee Revenue by Industry

The following table provides further disaggregation of fee revenue by industry:

 

 

 

Three Months Ended October 31,

 

 

 

2020

 

 

2019

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

119,380

 

 

 

27.4

%

 

$

141,066

 

 

 

28.6

%

Financial Services

 

 

82,918

 

 

 

19.0

 

 

 

85,188

 

 

 

17.3

 

Life Sciences/Healthcare

 

 

83,413

 

 

 

19.2

 

 

 

89,085

 

 

 

18.1

 

Consumer Goods

 

 

60,737

 

 

 

13.9

 

 

 

75,712

 

 

 

15.4

 

Technology

 

 

64,691

 

 

 

14.9

 

 

 

70,499

 

 

 

14.3

 

Education/Non-Profit/General

 

 

24,300

 

 

 

5.6

 

 

 

30,839

 

 

 

6.3

 

Fee Revenue

 

$

435,439

 

 

 

100.0

%

 

$

492,389

 

 

 

100.0

%

 

 

 

Six Months Ended October 31,

 

 

 

2020

 

 

2019

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

214,691

 

 

 

27.6

%

 

$

279,378

 

 

 

28.6

%

Financial Services

 

 

148,645

 

 

 

19.1

 

 

 

171,400

 

 

 

17.5

 

Life Sciences/Healthcare

 

 

148,863

 

 

 

19.1

 

 

 

171,350

 

 

 

17.5

 

Consumer Goods

 

 

105,515

 

 

 

13.5

 

 

 

147,410

 

 

 

15.1

 

Technology

 

 

114,015

 

 

 

14.6

 

 

 

141,302

 

 

 

14.5

 

Education/Non-Profit/General

 

 

47,807

 

 

 

6.1

 

 

 

66,098

 

 

 

6.8

 

Fee Revenue

 

$

779,536

 

 

 

100.0

%

 

$

976,938

 

 

 

100.0

%