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Fee Revenue (Tables)
9 Months Ended
Jan. 31, 2022
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 January 31, 2022 and April 30, 2021:

 

 

 

January 31, 2022

 

 

April 30, 2021

 

 

 

(in thousands)

 

Contract assets-unbilled receivables

 

$

94,794

 

 

$

82,842

 

Contract liabilities-deferred revenue

 

$

241,426

 

 

$

184,610

 

Schedule of Disaggregation of Fee Revenue by Industry

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

 

 

 

Three Months Ended January 31,

 

 

 

2022

 

 

2021

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

181,016

 

 

 

26.6

%

 

$

131,959

 

 

 

27.8

%

Life Sciences/Healthcare

 

 

126,840

 

 

 

18.6

 

 

 

92,588

 

 

 

19.5

 

Financial Services

 

 

121,459

 

 

 

17.8

 

 

 

84,078

 

 

 

17.7

 

Technology

 

 

124,903

 

 

 

18.4

 

 

 

74,774

 

 

 

15.7

 

Consumer Goods

 

 

97,210

 

 

 

14.3

 

 

 

63,325

 

 

 

13.3

 

Education/Non-Profit/General

 

 

29,313

 

 

 

4.3

 

 

 

28,636

 

 

 

6.0

 

Fee Revenue

 

$

680,741

 

 

 

100.0

%

 

$

475,360

 

 

 

100.0

%

 

 

 

Nine Months Ended January 31,

 

 

 

2022

 

 

2021

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

500,078

 

 

 

26.2

%

 

$

346,650

 

 

 

27.6

%

Life Sciences/Healthcare

 

 

370,009

 

 

 

19.4

 

 

 

241,451

 

 

 

19.3

 

Financial Services

 

 

341,099

 

 

 

17.9

 

 

 

232,723

 

 

 

18.5

 

Technology

 

 

323,504

 

 

 

17.0

 

 

 

188,789

 

 

 

15.0

 

Consumer Goods

 

 

271,233

 

 

 

14.2

 

 

 

168,840

 

 

 

13.5

 

Education/Non-Profit

 

 

99,656

 

 

 

5.3

 

 

 

76,443

 

 

 

6.1

 

Fee Revenue

 

$

1,905,579

 

 

 

100.0

%

 

$

1,254,896

 

 

 

100.0

%