XML 18 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2023
Oct. 31, 2022
Total revenue $ 712,447 $ 735,719 $ 1,418,709 $ 1,438,867
Compensation and benefits 453,859 464,766 933,740 930,392
General and administrative expenses 65,737 65,086 131,654 129,543
Depreciation and amortization 19,554 17,093 38,566 33,322
Restructuring charges, net 63,525 0 63,946 0
Total operating expenses 689,631 616,072 1,339,125 1,207,621
Operating income 22,816 119,647 79,584 231,246
Other loss, net (13,835) (9,048) (258) (8,273)
Interest expense, net (6,596) (7,098) (11,336) (14,710)
Income before provision for income taxes 2,385 103,501 67,990 208,263
Income tax provision 2,341 28,886 20,761 55,112
Net income 44 74,615 47,229 153,151
Net income attributable to noncontrolling interest (1,755) (1,074) (2,335) (2,363)
Net (loss) income attributable to Korn Ferry $ (1,711) $ 73,541 $ 44,894 $ 150,788
(Loss) earnings per common share attributable to Korn Ferry:        
Basic (in usd per share) $ (0.04) $ 1.39 $ 0.86 $ 2.85
Diluted (in usd per share) $ (0.04) $ 1.38 $ 0.86 $ 2.83
Weighted-average common shares outstanding:        
Basic (in shares) 51,328 51,868 51,131 51,820
Diluted (in shares) 51,328 52,005 51,401 52,143
Cash dividends declared per share (in usd per share) $ 0.18 $ 0.15 $ 0.36 $ 0.30
Fee revenue        
Total revenue $ 704,003 $ 727,849 $ 1,403,192 $ 1,423,752
Cost of services 78,512 61,257 155,702 99,249
Reimbursed out-of-pocket engagement expenses        
Total revenue 8,444 7,870 15,517 15,115
Reimbursed expenses        
Cost of services $ 8,444 $ 7,870 $ 15,517 $ 15,115