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Goodwill and Intangible Assets (Tables)
12 Months Ended
Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill by Reportable Segment

Changes in the carrying value of goodwill by reportable segment were as follows:

 

 

 

 

 

 

 

 

 

 

Executive Search

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

Digital

 

 

North

America

 

 

EMEA

 

 

Asia

Pacific

 

 

RPO &

Professional

Search

 

 

Consolidated

 

 

 

(in thousands)

 

Balance as of May 1, 2019

 

$

173,147

 

 

$

284,214

 

 

$

46,571

 

 

$

45,480

 

 

$

972

 

 

$

27,914

 

 

$

578,298

 

Additions

 

 

 

 

 

38,926

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38,926

 

Exchange rate fluctuations

 

 

(133

)

 

 

(413

)

 

 

(850

)

 

 

(986

)

 

 

 

 

 

(899

)

 

 

(3,281

)

Balance as of April 30, 2020

 

 

173,014

 

 

 

322,727

 

 

 

45,721

 

 

 

44,494

 

 

 

972

 

 

 

27,015

 

 

 

613,943

 

Adjustments

 

 

 

 

 

2,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,643

 

Exchange rate fluctuations

 

 

396

 

 

 

1,258

 

 

 

2,777

 

 

 

2,955

 

 

 

 

 

 

2,697

 

 

 

10,083

 

Balance as of April 30, 2021

 

$

173,410

 

 

$

326,628

 

 

$

48,498

 

 

$

47,449

 

 

$

972

 

 

$

29,712

 

 

$

626,669

 

Intangible Assets

Intangible assets include the following:

 

 

 

April 30, 2021

 

 

April 30, 2020

 

 

 

(in thousands)

 

Amortized intangible assets:

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Customer lists

 

$

131,299

 

 

$

(76,489

)

 

$

54,810

 

 

$

131,299

 

 

$

(64,762

)

 

$

66,537

 

Intellectual property

 

 

69,100

 

 

 

(33,623

)

 

 

35,477

 

 

 

69,100

 

 

 

(26,548

)

 

 

42,552

 

Proprietary databases

 

 

4,256

 

 

 

(4,234

)

 

 

22

 

 

 

4,256

 

 

 

(4,202

)

 

 

54

 

Non-compete agreements

 

 

910

 

 

 

(910

)

 

 

 

 

 

910

 

 

 

(910

)

 

 

 

Trademarks

 

 

7,186

 

 

 

(4,636

)

 

 

2,550

 

 

 

7,186

 

 

 

(4,236

)

 

 

2,950

 

Total

 

$

212,751

 

 

$

(119,892

)

 

 

92,859

 

 

$

212,751

 

 

$

(100,658

)

 

 

112,093

 

Exchange rate fluctuations

 

 

 

 

 

 

 

 

 

 

90

 

 

 

 

 

 

 

 

 

 

 

(167

)

Total Intangible assets

 

 

 

 

 

 

 

 

 

$

92,949

 

 

 

 

 

 

 

 

 

 

$

111,926

 

Estimated Annual Amortization Expense Related to Amortizing Intangible Assets Estimated annual amortization expense related to amortizing intangible assets is as follows:

Year Ending April 30,

 

Estimated

Annual

Amortization

Expense

 

 

 

(in thousands)

 

2022

 

$

19,123

 

2023

 

 

17,271

 

2024

 

 

14,794

 

2025

 

 

14,679

 

2026

 

 

14,174

 

Thereafter

 

 

12,908

 

 

 

$

92,949