Basic and Diluted Earnings Per Share

12 Months Ended

Apr. 30, 2024

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


	Year Ended April 30,
	2024		2023		2022

	(in thousands, except per share data)
Net income attributable to Korn Ferry	$	169,154	$	209,529	$	326,360
Less: distributed and undistributed earnings to nonvested restricted stockholders	3,092		4,618		7,343
Basic net earnings attributable to common stockholders	166,062		204,911		319,017
Add: undistributed earnings to nonvested restricted stockholders	2,122		3,912		6,750
Less: reallocation of undistributed earnings to nonvested restricted stockholders	2,106		3,882		6,676
Diluted net earnings attributable to common stockholders	$	166,078	$	204,941	$	319,091

Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding	51,038		51,482		52,807
Effect of dilutive securities:
Restricted stock	388		384		580
ESPP	6		17		14
Diluted weighted-average number of common shares outstanding	51,432		51,883		53,401

Net earnings per common share:
Basic earnings per share	$	3.25	$	3.98	$	6.04
Diluted earnings per share	$	3.23	$	3.95	$	5.98

During fiscal 2024, 2023 and 2022, restricted stock awards of 1.0 million shares, 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.