Basic and Diluted Earnings Per Share

9 Months Ended

Jan. 31, 2024

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

Basic and Diluted Earnings Per Share

The following table summarizes basic and diluted earnings per common share attributable to common stockholders:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2024		2023		2024		2023
	(in thousands, except per share data)
Net income attributable to Korn Ferry	$	59,071	$	11,247	$	103,965	$	162,035
Less: distributed and undistributed earnings to nonvested restricted stockholders	1,014		249		1,954		3,545
Basic net earnings attributable to common stockholders	58,057		10,998		102,011		158,490
Add: undistributed earnings to nonvested restricted stockholders	717		72		1,273		3,017
Less: reallocation of undistributed earnings to nonvested restricted stockholders	714		72		1,268		2,997
Diluted net earnings attributable to common stockholders	$	58,060	$	10,998	$	102,016	$	158,510
Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding	51,126		51,278		51,129		51,639
Effect of dilutive securities:
Restricted stock	216		150		193		352
ESPP	1		3		7		8
Diluted weighted-average number of common shares outstanding	51,343		51,431		51,329		51,999
Net earnings per common share:
Basic earnings per share	$	1.14	$	0.21	$	2.00	$	3.07
Diluted earnings per share	$	1.13	$	0.21	$	1.99	$	3.05

During the three and nine months ended January 31, 2024, restricted stock awards of 0.9 million shares and 1.0 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive. During the three and nine months ended January 31, 2023, restricted stock awards of 1.2 million shares and 1.2 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive.