Segments (Tables)

6 Months Ended

Oct. 31, 2020

Segment Reporting [Abstract]

Financial Highlights by Operating Segment

Financial highlights by operating segment are as follows:

	Three Months Ended October 31, 2020
					Executive Search
	Consulting		Digital		North America			EMEA		Asia Pacific			Latin America		Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	126,685	$	75,043	$	91,168		$	31,629	$	20,807		$	4,456	$	148,060	$	85,651	$	—		$	435,439
Total revenue	$	127,051	$	75,038	$	91,609		$	31,714	$	20,820		$	4,456	$	148,599	$	87,101	$	—		$	437,789
Net income attributable to Korn Ferry																						$	27,778
Net income attributable to noncontrolling interest																							300
Other income net																							(277	)
Interest expense, net																							7,494
Income tax provision																							12,877
Operating income (loss)	$	14,621	$	15,823	$	20,491		$	1,509	$	3,253		$	375	$	25,628	$	12,502	$	(20,402	)	$	48,172
Depreciation and amortization		4,063		7,005		716			355		250			202		1,523		945		1,762			15,298
Other income (loss), net		336		202		(9	)		31		166			7		195		24		(480	)		277
EBITDA		19,020		23,030		21,198			1,895		3,669			584		27,346		13,471		(19,120	)		63,747
Restructuring, charges, net		1,143		54		(12	)		922		(28	)		—		882		328		—			2,407
Adjusted EBITDA	$	20,163	$	23,084	$	21,186		$	2,817	$	3,641		$	584	$	28,228	$	13,799	$	(19,120	)	$	66,154

	Three Months Ended October 31, 2019
					Executive Search
	Consulting		Digital		North America		EMEA		Asia Pacific		Latin America		Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	144,036	$	65,724	$	113,818	$	39,821	$	25,944	$	8,272	$	187,855	$	94,774	$	—		$	492,389
Total revenue	$	148,198	$	65,724	$	117,077	$	40,441	$	26,168	$	8,273	$	191,959	$	98,296	$	—		$	504,177
Net income attributable to Korn Ferry																				$	42,804
Net income attributable to noncontrolling interest																					228
Other income, net																					(1,133	)
Interest expense, net																					4,210
Income tax provision																					15,760
Operating income (loss)	$	9,826	$	18,565	$	28,124	$	6,511	$	5,803	$	791	$	41,229	$	15,094	$	(22,845	)	$	61,869
Depreciation and amortization		4,357		3,685		869		450		329		315		1,963		990		1,720			12,715
Other income (loss), net		386		134		637		107		72		30		846		54		(287	)		1,133
EBITDA		14,569		22,384		29,630		7,068		6,204		1,136		44,038		16,138		(21,412	)		75,717
Integration/acquisition costs		—		—		—		—		—		—		—		—		2,615			2,615
Adjusted EBITDA	$	14,569	$	22,384	$	29,630	$	7,068	$	6,204	$	1,136	$	44,038	$	16,138	$	(18,797	)	$	78,332

	Six Months Ended October 31, 2020
					Executive Search
	Consulting		Digital		North America		EMEA			Asia Pacific		Latin America			Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	226,003	$	131,016	$	160,483	$	61,710		$	38,059	$	7,951		$	268,203	$	154,314	$	—		$	779,536
Total revenue	$	226,641	$	131,060	$	161,465	$	61,909		$	38,160	$	7,951		$	269,485	$	157,486	$	—		$	784,672
Net loss attributable to Korn Ferry																						$	(3,055	)
Net income attributable to noncontrolling interest																							278
Other income, net																							(11,439	)
Interest expense, net																							14,388
Income tax provision																							4,205
Operating income (loss)	$	3,694	$	13,196	$	14,756	$	(4,710	)	$	4,114	$	(842	)	$	13,318	$	14,667	$	(40,498	)	$	4,377
Depreciation and amortization		8,072		13,731		1,446		717			525		404			3,092		1,885		3,553			30,333
Other income (loss), net		1,124		620		9,333		50			392		55			9,830		220		(355	)		11,439
EBITDA		12,890		27,547		25,535		(3,943	)		5,031		(383	)		26,240		16,772		(37,300	)		46,149
Integration/acquisition costs		—		556		—		—			—		—			—		—		181			737
Restructuring charges, net		13,877		2,924		963		8,470			204		405			10,042		3,051		—			29,894
Adjusted EBITDA	$	26,767	$	31,027	$	26,498	$	4,527		$	5,235	$	22		$	36,282	$	19,823	$	(37,119	)	$	76,780

	Six Months Ended October 31, 2019
					Executive Search
	Consulting		Digital		North America		EMEA		Asia Pacific		Latin America		Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	281,578	$	123,708	$	225,540	$	86,351	$	53,306	$	15,857	$	381,054	$	190,598	$	—		$	976,938
Total revenue	$	289,534	$	123,708	$	232,523	$	87,753	$	53,836	$	15,860	$	389,972	$	197,161	$	—		$	1,000,375
Net income attributable to Korn Ferry																				$	85,755
Net income attributable to noncontrolling interest																					927
Other income, net																					(2,959	)
Interest expense, net																					8,267
Income tax provision																					30,213
Operating income (loss)	$	21,609	$	32,573	$	58,446	$	13,822	$	12,796	$	1,801	$	86,865	$	30,135	$	(48,979	)	$	122,203
Depreciation and amortization		8,771		7,324		1,770		906		675		643		3,994		1,982		3,421			25,492
Other income (loss), net		911		335		1,777		119		87		87		2,070		128		(485	)		2,959
EBITDA		31,291		40,232		61,993		14,847		13,558		2,531		92,929		32,245		(46,043	)		150,654
Integration/acquisition costs		—		—		—		—		—		—		—		—		2,615			2,615
Adjusted EBITDA	$	31,291	$	40,232	$	61,993	$	14,847	$	13,558	$	2,531	$	92,929	$	32,245	$	(43,428	)	$	153,269