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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2023
Jan. 31, 2022
Total revenue $ 686,845 $ 684,956 $ 2,125,712 $ 1,916,452
Compensation and benefits 479,382 445,870 1,409,774 1,273,746
General and administrative expenses 72,785 60,811 202,328 175,143
Depreciation and amortization 17,037 16,104 50,359 47,381
Restructuring charges, net 41,162 0 41,162 0
Total operating expenses 674,332 558,666 1,881,953 1,585,131
Operating income 12,513 126,290 243,759 331,321
Other income (loss), net 13,097 (7,277) 4,824 2,236
Interest expense, net (5,378) (7,029) (20,088) (18,820)
Income before provision for income taxes 20,232 111,984 228,495 314,737
Income tax provision 8,463 26,927 63,575 76,951
Net income 11,769 85,057 164,920 237,786
Net income attributable to noncontrolling interest (522) (956) (2,885) (3,090)
Net income attributable to Korn Ferry $ 11,247 $ 84,101 $ 162,035 $ 234,696
Earnings per common share attributable to Korn Ferry:        
Basic (in usd per share) $ 0.21 $ 1.55 $ 3.07 $ 4.33
Diluted (in usd per share) $ 0.21 $ 1.54 $ 3.05 $ 4.28
Weighted-average common shares outstanding:        
Basic (in shares) 51,278 52,999 51,639 52,958
Diluted (in shares) 51,431 53,495 51,999 53,538
Cash dividends declared per share (in usd per share) $ 0.15 $ 0.12 $ 0.45 $ 0.36
Fee revenue        
Total revenue $ 680,782 $ 680,741 $ 2,104,534 $ 1,905,579
Cost of services 57,903 31,666 157,152 77,988
Reimbursed out-of-pocket engagement expenses        
Total revenue 6,063 4,215 21,178 10,873
Reimbursed expenses        
Cost of services $ 6,063 $ 4,215 $ 21,178 $ 10,873