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Goodwill and Intangible Assets
12 Months Ended
Apr. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Changes in the carrying value of goodwill by reportable segment were as follows:
Consulting Digital Executive Search
Professional
Search & Interim
RPO
Consolidated
North
America
EMEA Asia
Pacific
(in thousands)
Balance as of May 1, 2023
$173,093 $325,558 $46,237 $46,401 $972 $254,666 $62,564 $909,491 
Exchange rate fluctuations(99)(171)(83)(155)— (321)(286)(1,115)
Balance as of April 30, 2024
172,994 325,387 46,154 46,246 972 254,345 62,278 908,376 
Additions (1)
— — — — — 36,857 — 36,857 
Exchange rate fluctuations202 668 (310)388 — 2,133 518 3,599 
Balance as of April 30, 2025
$173,196 $326,055 $45,844 $46,634 $972 $293,335 $62,796 $948,832 
_______________________________
(1)Additions to goodwill in fiscal 2025 were due to $36.9 million from the acquisition of Trilogy International ("Trilogy").
Tax deductible goodwill from acquisitions were as follows:
April 30,
20252024
(in thousands)
Salo LLC ("Salo")
$98,779 $106,526 
Infinity Consulting Solutions ("ICS")
55,785 60,339 
Miller Heiman
13,437 14,852 
PIVOT Leadership
3,812 4,497 
Total tax deductible goodwill from acquisitions
$171,813 $186,214 
Intangible assets include the following:
April 30, 2025April 30, 2024
(in thousands)
Amortized intangible assets:GrossAccumulated
Amortization
Net GrossAccumulated
Amortization
Net
Customer lists$197,370 $(139,957)$57,413 $192,099 $(121,977)$70,122 
Intellectual property69,100 (58,421)10,679 69,100 (52,804)16,296 
Trademarks12,857 (10,928)1,929 12,086 (9,549)2,537 
Proprietary databases4,256 (4,256)— 4,256 (4,256)— 
Non-compete agreements910 (910)— 910 (910)— 
Total (1)
$284,493 $(214,472)70,021 $278,451 $(189,496)88,955 
Exchange rate fluctuations172 (122)
Total Intangible assets$70,193 $88,833 
_______________________________
(1)In fiscal 2025, there were intangible assets additions of $6.0 million from the acquisition of Trilogy. In fiscal 2024 there were no intangible assets additions.
Acquisition-related intangible assets acquired in fiscal 2025 consists of customer relationships and tradenames of $5.2 million and $0.8 million, respectively, with weighted-average useful lives from the date of purchase of five years and two years, respectively.
Amortization expense for amortized intangible assets was $25.0 million, $25.6 million and $23.7 million during fiscal 2025, 2024 and 2023, respectively. Estimated annual amortization expense related to amortizing intangible assets is as follows:
Year Ending April 30,Estimated
Annual
Amortization
Expense
(in thousands)
2026
$24,299 
2027
18,377 
2028
11,134 
2029
10,331 
2030
5,459 
Thereafter593 
$70,193 
All amortizable intangible assets will be fully amortized by the end of fiscal 2032.