Basic and Diluted Earnings (Loss) Per Share

6 Months Ended

Oct. 31, 2024

Basic and Diluted Earnings (Loss) Per Share

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


	Three Months Ended October 31,				Six Months Ended October 31,
	2024		2023		2024		2023

	(in thousands, except per share data)
Net income (loss) attributable to Korn Ferry	$	60,800	$	(1,711)	$	123,404	$	44,894
Less: distributed and undistributed earnings to nonvested restricted stockholders	766		169		1,770		843
Basic net earnings (loss) attributable to common stockholders	60,034		(1,880)		121,634		44,051
Add: undistributed earnings to nonvested restricted stockholders	518		—		1,174		459
Less: reallocation of undistributed earnings to nonvested restricted stockholders	510		—		1,154		457
Diluted net earnings (loss) attributable to common stockholders	$	60,042	$	(1,880)	$	121,654	$	44,053

Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding	51,957		51,328		51,953		51,131
Effect of dilutive securities:
Restricted stock	790		—		909		262
ESPP	3		—		2		8
Diluted weighted-average number of common shares outstanding	52,750		51,328		52,864		51,401

Net earnings (loss) per common share:
Basic earnings (loss) per share	$	1.16	$	(0.04)	$	2.34	$	0.86
Diluted earnings (loss) per share	$	1.14	$	(0.04)	$	2.30	$	0.86

During the three and six months ended October 31, 2024, restricted stock awards of 0.7 million shares and 0.7 million shares, respectively, were outstanding but not included in the computation of diluted earnings (loss) per share because they were anti-dilutive. During the three and six months ended October 31, 2023, restricted stock awards of 2.1 million shares and 1.2 million shares, respectively, were outstanding but not included in the computation of diluted earnings (loss) per share because they were anti-dilutive.