Basic and Diluted Earnings Per Share

9 Months Ended

Jan. 31, 2025

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,
	2025		2024		2025		2024
	(in thousands, except per share data)
Net income attributable to Korn Ferry	$	58,414	$	59,071	$	181,818	$	103,965
Less: distributed and undistributed earnings to nonvested restricted stockholders	721		1,014		2,488		1,954
Basic net earnings attributable to common stockholders	57,693		58,057		179,330		102,011
Add: undistributed earnings to nonvested restricted stockholders	483		717		1,654		1,273
Less: reallocation of undistributed earnings to nonvested restricted stockholders	476		714		1,625		1,268
Diluted net earnings attributable to common stockholders	$	57,700	$	58,060	$	179,359	$	102,016
Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding	51,606		51,126		51,838		51,129
Effect of dilutive securities:
Restricted stock	755		216		947		193
ESPP	3		1		4		7
Diluted weighted-average number of common shares outstanding	52,364		51,343		52,789		51,329
Net earnings per common share:
Basic earnings per share	$	1.12	$	1.14	$	3.46	$	2.00
Diluted earnings per share	$	1.10	$	1.13	$	3.40	$	1.99

During the three and nine months ended January 31, 2025, restricted stock awards of 0.6 million shares and 0.7 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, 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.