Korn Ferry (KFY) 10-Q 10 Mar 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2017	Mar. 06, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	KFY
Entity Registrant Name	KORN FERRY INTERNATIONAL
Entity Central Index Key	56,679
Current Fiscal Year End Date	--04-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		57,161,157

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2017	Apr. 30, 2016
ASSETS
Cash and cash equivalents	$ 351,305	$ 273,252
Marketable securities	4,139	11,338
Receivables due from clients, net of allowance for doubtful accounts of $14,025 and $11,292, respectively	343,105	315,975
Income taxes and other receivables	23,828	20,579
Prepaid expenses and other assets	52,012	43,130
Total current assets	774,389	664,274
Marketable securities, non-current	111,289	130,092
Property and equipment, net	108,836	95,436
Cash surrender value of company owned life insurance policies, net of loans	111,949	107,296
Deferred income taxes, net	23,810	27,163
Goodwill	581,034	590,072
Intangible assets, net	221,047	233,027
Investments and other assets	64,197	51,240
Total assets	1,996,551	1,898,600
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	31,477	26,634
Income taxes payable	7,570	8,396
Compensation and benefits payable	198,807	266,211
Term loan	19,754	30,000
Other accrued liabilities	150,009	145,023
Total current liabilities	407,617	476,264
Deferred compensation and other retirement plans	221,385	216,113
Term loan, non-current	241,161	110,000
Deferred tax liabilities	7,301	5,088
Other liabilities	51,085	43,834
Total liabilities	928,549	851,299
Stockholders' equity:
Common stock: $0.01 par value, 150,000 shares authorized, 70,759 and 69,723 shares issued and 57,326 and 57,272 shares outstanding, respectively	700,696	702,098
Retained earnings	440,824	401,113
Accumulated other comprehensive loss, net	(76,099)	(57,911)
Total Korn/Ferry International stockholders' equity	1,065,421	1,045,300
Noncontrolling interest	2,581	2,001
Total stockholders' equity	1,068,002	1,047,301
Total liabilities and stockholders' equity	$ 1,996,551	$ 1,898,600

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2017	Apr. 30, 2016
Allowance for doubtful accounts	$ 14,025	$ 11,292
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	70,759,000	69,723,000
Common stock, shares outstanding	57,326,000	57,272,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Fee revenue	$ 381,918	$ 344,158	$ 1,159,456	$ 892,152
Reimbursed out-of-pocket engagement expenses	12,277	14,721	42,626	37,401
Total revenue	394,195	358,879	1,202,082	929,553
Compensation and benefits	262,438	242,429	796,014	610,493
General and administrative expenses	56,818	57,395	166,294	139,449
Reimbursed expenses	12,277	14,721	42,626	37,401
Cost of services	16,545	17,494	52,251	38,850
Depreciation and amortization	11,774	10,330	34,970	24,933
Restructuring charges, net	3,801	30,577	28,321	30,577
Total operating expenses	363,653	372,946	1,120,476	881,703
Operating income (loss)	30,542	(14,067)	81,606	47,850
Other income (loss), net	4,200	(7,092)	7,580	(9,812)
Interest expense, net	(2,402)	(372)	(8,199)	(1,215)
Income (loss) before provision (benefit) for income taxes and equity in earnings of unconsolidated subsidiaries	32,340	(21,531)	80,987	36,823
Equity in earnings of unconsolidated subsidiaries, net	113	181	221	1,446
Income tax provision (benefit)	8,075	(5,355)	21,706	13,211
Net income (loss)	24,378	(15,995)	59,502	25,058
Net income attributable to noncontrolling interest	(481)		(2,245)
Net income (loss) attributable to Korn/Ferry International	$ 23,897	$ (15,995)	$ 57,257	$ 25,058
Earnings (loss) per common share:
Basic	$ 0.42	$ (0.30)	$ 1.01	$ 0.49
Diluted	$ 0.42	$ (0.30)	$ 1	$ 0.48
Weighted-average common shares outstanding:
Basic	56,173	54,003	56,325	51,159
Diluted	56,702	54,003	56,917	51,683
Cash dividends declared per share	$ 0.10	$ 0.10	$ 0.30	$ 0.30

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Net income (loss)	$ 24,378	$ (15,995)	$ 59,502	$ 25,058
Other comprehensive income (loss):
Foreign currency translation adjustments	(1,583)	(11,447)	(20,016)	(28,430)
Deferred compensation and pension plan adjustments, net of tax	465	447	1,392	1,342
Unrealized losses on marketable securities, net of tax				(4)
Comprehensive income (loss)	23,260	(26,995)	40,878	(2,034)
Less: comprehensive income attributable to noncontrolling interest	(219)		(1,809)
Comprehensive income (loss) attributable to Korn/Ferry International	$ 23,041	$ (26,995)	$ 39,069	$ (2,034)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Cash flows from operating activities:
Net income	$ 59,502	$ 25,058
Adjustments to reconcile net income to net cash provided (used) in operating activities:
Depreciation and amortization	34,970	24,933
Stock-based compensation expense	14,101	13,539
Provision for doubtful accounts	8,373	6,656
Gain on cash surrender value of life insurance policies	(3,316)	(1,801)
(Gain) loss on marketable securities	(7,090)	8,904
Deferred income taxes	7,812	3,059
Change in other assets and liabilities:
Deferred compensation	(22)	(3,714)
Receivables due from clients	(35,503)	(32,291)
Income tax and other receivables	(3,249)	(11,038)
Prepaid expenses and other assets	(8,882)	(6,560)
Investment in unconsolidated subsidiaries	(221)	(1,446)
Income taxes payable	(3,500)	(4,243)
Accounts payable and accrued liabilities	(45,891)	(29,184)
Other	(3,393)	(9,243)
Net cash provided by (used in) operating activities	13,691	(17,371)
Cash flows from investing activities:
Purchase of property and equipment	(41,616)	(17,673)
Cash paid for acquisition, net of cash acquired	(2,880)	(252,568)
Purchase of marketable securities	(9,526)	(30,276)
Proceeds from sales/maturities of marketable securities	42,533	29,837
Premium on company-owned life insurance policies	(1,337)	(1,352)
Proceeds from life insurance policies		2,553
Dividends received from unconsolidated subsidiaries	455	2,130
Net cash used in investing activities	(12,371)	(267,349)
Cash flows from financing activities:
Proceeds from term loan facility	275,000	150,000
Principal payment on term loan facility	(150,313)	(2,500)
Payment of contingent consideration from acquisition	(1,070)
Repurchases of common stock	(16,318)
Payments of tax withholdings on restricted stock	(4,377)	(6,709)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan	4,981	3,972
Tax benefit related to stock-based compensation	50	4,730
Dividends - noncontrolling interest	(1,229)
Dividends paid to shareholders	(17,546)	(16,059)
Payments on life insurance policy loans		(1,251)
Net cash provided by financing activities	89,178	132,183
Effect of exchange rate changes on cash and cash equivalents	(12,445)	(20,959)
Net increase (decrease) in cash and cash equivalents	78,053	(173,496)
Cash and cash equivalents at beginning of period	273,252	380,838
Cash and cash equivalents at end of period	$ 351,305	$ 207,342

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2017
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies Nature of Business Korn/Ferry International, a Delaware corporation (the “Company”), and its subsidiaries are engaged in the business of providing talent management solutions, including executive search on a retained basis, recruitment for non-executive Basis of Consolidation and Presentation The accompanying financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K Investments in affiliated companies, which are 50% or less owned and where the Company exercises significant influence over operations, are accounted for using the equity method. In the fourth quarter of fiscal 2016, we obtained control of our Mexico subsidiary and began to consolidate the operations. Noncontrolling interest, which represents 51% noncontrolling interest in Mexico subsidiary, is reflected on the Company’s consolidated financial statements. The Company considers events or transactions that occur after the balance sheet date but before the consolidated financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures. Use of Estimates and Uncertainties The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates, and changes in estimates are reported in current operations as new information is learned or upon the amounts becoming fixed and determinable. The most significant areas that require management judgment are revenue recognition, restructuring, deferred compensation, annual performance related bonuses, evaluation of the carrying value of receivables, goodwill and other intangible assets, fair value of contingent consideration, share-based payments and the recoverability of deferred income taxes. Revenue Recognition Substantially all fee revenue is derived from fees for professional services related to executive search performed on a retained basis, recruitment for non-executive non-executive one-third non-executive Allowance for Doubtful Accounts An allowance is established for doubtful accounts by taking a charge to general and administrative expenses. The amount of the allowance is based on historical loss experience, assessment of the collectability of specific accounts, as well as expectations of future collections based upon trends and the type of work for which services are rendered. After the Company exhausts all collection efforts, the amount of the allowance is reduced for balances identified as uncollectible. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. As of January 31, 2017 and April 30, 2016, the Company’s investments in cash equivalents, consist of money market funds for which market prices are readily available. Marketable Securities The Company currently has investments in mutual funds that are classified as trading securities based upon management’s intent and ability to hold, sell or trade such securities. The classification of the investments in mutual funds is assessed upon purchase and reassessed at each reporting period. The investments in mutual funds (for which market prices are readily available) are held in trust to satisfy obligations under the Company’s deferred compensation plans (see Note 6 — Financial Instruments pre-determined ex-dividend Foreign Currency Forward Contracts Not Designated as Hedges Beginning in the third quarter of fiscal 2016, the Company established a program that primarily utilizes foreign currency forward contracts to offset the risks associated with the effects of certain foreign currency exposures which increased as a result of the Hay Group acquisition. These foreign currency forward contracts are neither used for trading purposes nor are they designated as hedging instruments pursuant to Accounting Standards Codification 815, Derivatives and Hedging. Accordingly, the fair value of these contracts are recorded as of the end of the reporting period in the accompanying consolidated balance sheets, while the change in fair value is recorded to the accompanying consolidated statements of operations. Fair Value of Financial Instruments Fair value is the price the Company would receive to sell an asset or transfer a liability (exit price) in an orderly transaction between market participants. For those assets and liabilities recorded or disclosed at fair value, the Company determines the fair value based upon the quoted market price, if available. If a quoted market price is not available for identical assets, the fair value is based upon the quoted market price of similar assets. The fair values are assigned a level within the fair value hierarchy as defined below: • Level 1 • Level 2 • Level 3 As of January 31, 2017 and April 30, 2016, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash, cash equivalents, marketable securities and foreign currency forward contracts. The carrying amount of cash, cash equivalents and accounts receivable approximates fair value due to the short maturity of these instruments. The fair values of marketable securities classified as trading are obtained from quoted market prices, and the fair values of foreign currency forward contracts are obtained from a third party, which are based on quoted prices or market prices for similar financial instruments. Business Acquisitions Business acquisitions are accounted for under the acquisition method. The acquisition method requires the reporting entity to identify the acquirer, determine the acquisition date, recognize and measure the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquired entity, and recognize and measure goodwill or a gain from the purchase. The acquiree’s results are included in the Company’s consolidated financial statements from the date of acquisition. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill, or if the fair value of the assets acquired exceeds the purchase price consideration, a bargain purchase gain is recorded. Adjustments to fair value assessments are generally recorded to goodwill over the measurement period (not longer than twelve months). The acquisition method also requires that acquisition-related transaction and post-acquisition restructuring costs be charged to expense as committed, and requires the Company to recognize and measure certain assets and liabilities including those arising from contingencies and contingent consideration in a business combination. Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of assets acquired. The goodwill impairment test compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, goodwill of the reporting unit would be considered impaired. To measure the amount of the impairment loss, the implied fair value of a reporting unit’s goodwill is compared to the carrying amount of that goodwill. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of a reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. For each of these tests, the fair value of each of the Company’s reporting units is determined using a combination of valuation techniques, including a discounted cash flow methodology. To corroborate the discounted cash flow analysis performed at each reporting unit, a market approach is utilized using observable market data such as comparable companies in similar lines of business that are publicly traded or which are part of a public or private transaction (to the extent available). Results of the annual impairment test, performed as of January 31, 2016, indicated that the fair value of each reporting unit exceeded its carrying amount and no reporting units were at risk of failing the impairment test. As a result, no impairment charge was recognized. The Company’s annual impairment test will be performed in the fourth quarter of fiscal 2017. There were no indicators of impairment as of January 31, 2017 and April 30, 2016 that would have required further testing. Intangible assets primarily consist of customer lists, non-compete Compensation and Benefits Expense Compensation and benefits expense, in the accompanying consolidated statements of operations, consist of compensation and benefits paid to consultants (employees who originate business), executive officers and administrative and support personnel. The most significant portions of this expense are salaries and the amounts paid under the annual performance related bonus plan to employees. The portion of the expense applicable to salaries is comprised of amounts earned by employees during a reporting period. The portion of the expenses applicable to annual performance related bonuses refers to the Company’s annual employee performance related bonus with respect to a fiscal year, the amount of which is communicated and paid to each eligible employee following the completion of the fiscal year. Each quarter, management makes its best estimate of its annual performance related bonuses, which requires management to, among other things, project annual consultant productivity (as measured by engagement fees billed and collected by executive search consultants and revenue and other performance metrics for Hay Group and Futurestep consultants), the level of engagements referred by a fee earner in one line of business to a different line of business, Company performance including profitability, competitive forces and future economic conditions and their impact on the Company’s results. At the end of each fiscal year, annual performance related bonuses take into account final individual consultant productivity (including referred work), Company results including profitability, the achievement of strategic objectives and the results of individual performance appraisals, and the current economic landscape. Accordingly, each quarter the Company reevaluates the assumptions used to estimate annual performance related bonus liability and adjusts the carrying amount of the liability recorded on the consolidated balance sheet and reports any changes in the estimate in current operations. Because annual performance-based bonuses are communicated and paid only after the Company reports its full fiscal year results, actual performance-based bonus payments may differ from the prior year’s estimate. Such changes in the bonus estimate historically have been immaterial and are recorded in current operations in the period in which they are determined. The performance related bonus expense was $136.2 million and $127.5 million during the nine months ended January 31, 2017 and 2016, respectively, included in compensation and benefits expense in the consolidated statements of operations. During both the three months ended January 31, 2017 and 2016, the performance related bonus expense, included in compensation and benefits expense was $41.1 million. Other expenses included in compensation and benefits expense are due to changes in deferred compensation and pension plan liabilities, changes in cash surrender value (“CSV”) of company owned life insurance (“COLI”) contracts, amortization of stock compensation awards, payroll taxes and employee insurance benefits. Restructuring Charges, Net The Company accounts for its restructuring charges as a liability when the obligations are incurred and records such charges at fair value. Such charges included one-time Stock-Based Compensation The Company has employee compensation plans under which various types of stock-based instruments are granted. These instruments principally include restricted stock units, restricted stock, stock options and an Employee Stock Purchase Plan (“ESPP”). The Company recognizes compensation expense related to restricted stock units, restricted stock and the estimated fair value of stock options and stock purchases under the ESPP on a straight-line basis over the service period for the entire award. Recently Adopted Accounting Standards In April 2015, the Financial Accounting Standards Board (the “FASB”) issued guidance simplifying the presentation of debt issuance costs. The guidance requires debt issuance costs related to a debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, rather than being classified as an asset. The Company adopted this guidance during the first quarter of fiscal 2017 and as a result, $4.2 million of unamortized debt issuance costs associated with its senior secured Credit Agreement were classified as a direct deduction to the term loan as of July 31, 2016, of which $0.9 million was recorded to term loan, current, and $3.3 million was recorded to term loan, non-current. In September 2015, the FASB issued guidance requiring an acquirer to recognize adjustments to provisional amounts recorded in an acquisition that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer is required to record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The acquirer is also required to present separately on the face of the income statement or disclose in the footnotes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustments had been recognized as of the acquisition date. The Company adopted this guidance during the first quarter of fiscal 2017 and the adoption did not have an impact on the consolidated financial statements of the Company. During the three months ended January 31, 2017, the Company made adjustments to the preliminary purchase price allocation relating to the Legacy Hay acquisition due to tax returns filed for periods prior to the acquisition, that resulted in a decrease to goodwill of $4.6 million, and an increase to income taxes payable and deferred tax assets of $1.8 million and $6.3 million, respectively. Recently Proposed Accounting Standards In May 2014, the FASB issued guidance that supersedes revenue recognition requirements regarding contracts with customers to transfer goods or services or for the transfer of nonfinancial assets. Under the new guidance, entities are required to recognize revenue in order to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis to be performed on transactions to determine when and how revenue is recognized. In July 2015, the FASB decided to approve a one-year In January 2016, the FASB issued guidance on the classification and measurement of financial instruments, which requires that (i) all equity investments, other than equity-method investments, in unconsolidated entities, generally be measured at fair value through earnings and (ii) when the fair value option has been elected for financial liabilities, changes in fair value due to instrument-specific credit risk, be recognized separately in other comprehensive income. Additionally, it changes the disclosure requirements for financial instruments. The new guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for certain provisions. The Company is currently evaluating the effect this guidance will have on the consolidated financial statements. In February 2016, the FASB issued guidance on accounting for leases that generally requires all leases to be recognized in the consolidated balance sheet. The provisions of the guidance are effective for fiscal years beginning after December 15, 2018; early adoption is permitted. The Company will adopt this guidance in its fiscal year beginning May 1, 2019. The provisions of the guidance are to be applied using a modified retrospective approach. The Company is currently evaluating the effect that this guidance will have on the consolidated financial statements. In March 2016, the FASB issued guidance on accounting for certain aspects of share-based payments to employees. The new guidance requires excess tax benefits and tax deficiencies to be recorded in the income statement when the awards vest or are settled. Furthermore, cash flows related to excess tax benefits will no longer be separately classified as a financing activity apart from other income tax cash flows. The guidance also allows companies to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting, clarifying that all cash payments made on an employee’s behalf for withheld shares should be presented as a financing activity in the consolidated statements of cash flows and provides an accounting policy election to account for forfeitures as they occur. The provisions of the guidance are effective for fiscal years beginning after December 15, 2016; early adoption is permitted. The Company is currently evaluating the effect that this guidance will have on the consolidated financial statements. In August 2016, the FASB issued guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. The new guidance provides clarification on specific cash flow issues regarding presentation and classification in the statement of cash flows with the objective of reducing the existing diversity in practice. The amendments in this update are effective for reporting periods beginning after December 15, 2017, with early adoption permitted. The provisions of the guidance are to be applied using a retrospective transition method. The adoption of this standard will not have a material impact on the consolidated financial statements. In January 2017, the FASB issued guidance that clarifies the definition of a business. The new guidance assists a company when evaluating whether transactions should be accounted for as acquisitions (disposals) of assets or businesses. The provisions of the guidance require that if the fair value of the gross assets acquired (or disposed of) is substantially concentrated in a single identifiable asset or a group of similar identifiable assets, then it is not a business. The provisions of the guidance are effective for annual years beginning after December 15, 2017, including interim periods, with early adoption permitted. These provisions of the guidance are to be applied prospectively. The adoption of this standard will not have a material impact on the consolidated financial statements.

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Share	9 Months Ended
	Jan. 31, 2017
Basic and Diluted Earnings Per Share	2. Basic and Diluted Earnings Per Share Accounting Standards Codification 260, Earnings Per Share, requires companies to treat unvested share-based payment awards that have non-forfeitable non-forfeitable two-class two-class two-class Basic earnings per common share was computed using the two-class two-class in-the-money During the three and nine months ended January 31, 2017, restricted stock awards of 0.5 million and 0.6 million were outstanding, respectively, 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, 2016, restricted stock awards of 1.5 million and 0.5 million were outstanding, respectively, but not included in the computation of diluted earnings per share because they were anti-dilutive. 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, 2017 2016 2017 2016 (in thousands, except per share data) Net income (loss) attributable to Korn/Ferry International $ 23,897 $ (15,995 ) $ 57,257 $ 25,058 Less: distributed and undistributed earnings to nonvested restricted stockholders 227 54 505 235 Basic net earnings (loss) attributable to common stockholders 23,670 (16,049 ) 56,752 24,823 Add: undistributed earnings to nonvested restricted stockholders 172 — 356 83 Less: reallocation of undistributed earnings to nonvested restricted stockholders 171 — 353 82 Diluted net earnings (loss) attributable to common stockholders $ 23,671 $ (16,049 ) $ 56,755 $ 24,824 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 56,173 54,003 56,325 51,159 Effect of dilutive securities: Restricted stock 505 — 540 459 Stock options 20 — 24 53 ESPP 4 — 28 12 Diluted weighted-average number of common shares outstanding 56,702 54,003 56,917 51,683 Net earnings (loss) per common share: Basic earnings (loss) per share $ 0.42 $ (0.30 ) $ 1.01 $ 0.49 Diluted earnings (loss) per share $ 0.42 $ (0.30 ) $ 1.00 $ 0.48

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jan. 31, 2017
Stockholders' Equity	3. Stockholders’ Equity The following table summarizes the changes in stockholders’ equity for the three months ended January 31, 2017: Total Korn/Ferry Noncontrolling Total (in thousands) Balance as of October 31, 2016 $ 1,050,553 $ 3,591 $ 1,054,144 Comprehensive income (loss): Net income 23,897 481 24,378 Foreign currency translation adjustments (1,321 ) (262 ) (1,583 ) Deferred compensation and pension plan adjustments, net of tax 465 — 465 Dividends paid to shareholders (5,796 ) — (5,796 ) Dividends paid to noncontrolling — (1,229 ) (1,229 ) Purchase of stock (9,578 ) — (9,578 ) Issuance of stock 2,778 — 2,778 Stock-based compensation 4,406 — 4,406 Tax benefit from exercise of stock options and vesting of restricted stock 17 — 17 Balance as of January 31, 2017 $ 1,065,421 $ 2,581 $ 1,068,002 The following table summarizes the changes in stockholders’ equity for the nine months ended January 31, 2017: Total Korn/Ferry Noncontrolling Total (in thousands) Balance as of April 30, 2016 $ 1,045,300 $ 2,001 $ 1,047,301 Comprehensive income (loss): Net income 57,257 2,245 59,502 Foreign currency translation adjustments (19,580 ) (436 ) (20,016 ) Deferred compensation and pension plan adjustments, net of tax 1,392 — 1,392 Dividends paid to shareholders (17,546 ) — (17,546 ) Dividends paid to noncontrolling — (1,229 ) (1,229 ) Purchase of stock (20,695 ) — (20,695 ) Issuance of stock 5,746 — 5,746 Stock-based compensation 13,497 — 13,497 Tax benefit from exercise of stock options and vesting of restricted stock 50 — 50 Balance as of January 31, 2017 $ 1,065,421 $ 2,581 $ 1,068,002

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Jan. 31, 2017
Comprehensive Income (Loss)	4. Comprehensive Income (Loss) Comprehensive income (loss) is comprised of net income (loss) and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid in capital) and distributions to stockholders (dividends) and is reported in the accompanying consolidated statements of comprehensive income (loss). Accumulated other comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity. The components of accumulated other comprehensive loss were as follows: January 31, 2017 April 30, 2016 (in thousands) Foreign currency translation adjustments $ (55,919 ) $ (36,339 ) Deferred compensation and pension plan adjustments, net of tax (20,180 ) (21,572 ) Accumulated other comprehensive loss, net $ (76,099 ) $ (57,911 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended January 31, 2017: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of October 31, 2016 $ (54,598 ) $ (20,645 ) $ — $ (75,243 ) Unrealized losses arising during the period (1,321 ) — — (1,321 ) Reclassification of realized net losses to net income — 465 — 465 Balance as of January 31, 2017 $ (55,919 ) $ (20,180 ) $ — $ (76,099 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the nine months ended January 31, 2017: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of April 30, 2016 $ (36,339 ) $ (21,572 ) $ — $ (57,911 ) Unrealized losses arising during the period (19,580 ) — — (19,580 ) Reclassification of realized net losses to net income — 1,392 — 1,392 Balance as of January 31, 2017 $ (55,919 ) $ (20,180 ) $ — $ (76,099 ) (1) The tax effect on the reclassifications of realized net losses was $0.3 million and $0.9 million for the three and nine months ended January 31, 2017, respectively. The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended January 31, 2016: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of October 31, 2015 $ (37,902 ) $ (18,813 ) $ — $ (56,715 ) Unrealized losses arising during the period (11,447 ) — — (11,447 ) Reclassification of realized net losses to net income — 447 — 447 Balance as of January 31, 2016 $ (49,349 ) $ (18,366 ) $ — $ (67,715 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the nine months ended January 31, 2016: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of April 30, 2015 $ (20,919 ) $ (19,708 ) $ 4 $ (40,623 ) Unrealized losses arising during the period (28,430 ) — (4 ) (28,434 ) Reclassification of realized net losses to net income — 1,342 — 1,342 Balance as of January 31, 2016 $ (49,349 ) $ (18,366 ) $ — $ (67,715 ) (1) The tax effect on the reclassifications of realized net losses was $0.3 million and $0.9 million for the three and nine months ended January 31, 2016, respectively.

Employee Stock Plans

Employee Stock Plans	9 Months Ended
	Jan. 31, 2017
Employee Stock Plans	5. Employee Stock Plans Stock-Based Compensation The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of operations for the periods indicated: Three Months Ended January 31, Nine Months Ended January 31, 2017 2016 2017 2016 (in thousands) Restricted stock $ 4,406 $ 4,399 $ 13,497 $ 13,131 ESPP 175 127 604 391 Stock options — — — 17 Total stock-based compensation expense, pre-tax 4,581 4,526 14,101 13,539 Tax benefit from stock-based compensation expense (1,111 ) (1,989 ) (3,778 ) (4,857 ) Total stock-based compensation expense, net of tax $ 3,470 $ 2,537 $ 10,323 $ 8,682 Stock Incentive Plans At the Company’s 2016 Annual Meeting of Stockholders, held on October 6, 2016, the Company’s stockholders approved an amendment and restatement to the Korn/Ferry International Amended and Restated 2008 Stock Incentive Plan (the 2016 amendment and restatement being the “ The Third A&R 2008 Plan”), which among other things, increased the number of shares under the plan by 5,500,000 shares increasing the current maximum number of shares that may be issued under the plan to 11,200,000 shares, subject to certain changes in the Company’s capital structure and other extraordinary events. The Third A&R 2008 Plan provides for the grant of awards to eligible participants, designated as either nonqualified or incentive stock options, restricted stock and restricted stock units, any of which may be performance-based or market-based, and incentive bonuses, which may be paid in cash or a combination thereof. Under the Third A&R 2008 Plan, the ability to issue full-value awards is limited by requiring full-value stock awards to count 2.3 times as much as stock options. Restricted Stock The Company grants time-based restricted stock awards to executive officers and other senior employees generally vesting over a three to four year period. In addition, certain key management members typically receive time-based restricted stock awards upon commencement of employment and may receive them annually in conjunction with the Company’s performance review. Time-based restricted stock awards are granted at a price equal to fair value, which is determined based on the closing price of the Company’s common stock on the grant date. The Company recognizes compensation expense for time-based restricted stock awards on a straight-line basis over the vesting period. The Company also grants market-based and performance-based restricted stock units to executive officers and other senior employees. The market-based units vest after three years depending upon the Company’s total stockholder return over the three-year performance period relative to other companies in its selected peer group. The fair value of these market-based restricted stock units are determined by using extensive market data that is based on historical Company and peer group information. The Company recognizes compensation expense for market-based restricted stock units on a straight-line basis over the vesting period. Performance-based restricted stock units vest after three years depending upon the Company meeting certain objectives that are set at the time the restricted stock unit is issued. Performance-based restricted stock units are granted at a price equal to the fair value, which is determined based on the closing price of the Company’s common stock on the grant date. At the end of each reporting period, the Company estimates the number of restricted stock units expected to vest, based on the probability that certain performance objectives will be met, exceeded, or fall below target levels, and the Company takes into account these estimates when calculating the expense for the period. Restricted stock activity during the nine months ended January 31, 2017 is summarized below: Shares Weighted- Average Grant (in thousands, except per share data) Non-vested, 1,506 $ 34.12 Granted 804 $ 16.64 Vested (713 ) $ 23.80 Forfeited/expired (22 ) $ 25.88 Non-vested, 1,575 $ 30.59 As of January 31, 2017, there were 0.6 million shares and 0.1 million shares outstanding relating to market-based and performance-based restricted stock units, respectively, with total unrecognized compensation totaling $6.4 million and $7.3 million, respectively. As of January 31, 2017, there was $31.6 million of total unrecognized compensation cost related to all non-vested Employee Stock Purchase Plan The Company has an ESPP that, in accordance with Section 423 of the Internal Revenue Code, allows eligible employees to authorize payroll deductions of up to 15% of their salary to purchase shares of the Company’s common stock at 85% of the fair market price of the common stock on the last day of the enrollment period. Employees may not purchase more than $25,000 in stock during any calendar year. The maximum number of shares that may be issued under the ESPP is 3.0 million shares. During the three and nine months ended January 31, 2017, employees purchased 93,130 shares at $25.01 per share and 207,141 shares at $20.93 per share, respectively. During the three and nine months ended January 31, 2016, employees purchased 50,801 shares at $28.20 per share and 95,135 shares at $28.83 per share, respectively. As of January 31, 2017, the ESPP had approximately 1.3 million shares remaining available for future issuance. Common Stock During the three and nine months ended January 31, 2017, the Company issued 2,510 shares and 46,600 shares of common stock, respectively, as a result of the exercise of stock options, with cash proceeds from the exercise of $0.03 million and $0.6 million, respectively. During the three and nine months ended January 31, 2016, the Company issued 3,650 shares and 84,148 shares of common stock, respectively, as a result of the exercise of stock options, with cash proceeds from the exercise of $0.1 million and $1.3 million, respectively. During the three and nine months ended January 31, 2017, the Company repurchased 383,598 shares and 719,098 shares of the Company’s common stock for $9.4 million and $16.3 million, respectively. No shares were repurchased during the three and nine months ended January 31, 2016, other than to satisfy minimum tax withholding requirements upon the vesting of restricted stock as described above.

Financial Instruments

Financial Instruments	9 Months Ended
	Jan. 31, 2017
Financial Instruments	6. Financial Instruments The following tables show the Company’s cash, trading securities and foreign currency forward contracts’ cost, gross unrealized gains, gross unrealized losses and fair value by significant category recorded as cash and cash equivalents, current portion of current marketable securities, non-current January 31, 2017 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 154,462 $ — $ — $ 154,462 $ 154,462 $ — $ — $ — Money market funds 196,843 — — 196,843 196,843 — — — Mutual funds (1) 112,532 4,479 (1,583 ) 115,428 — 4,139 111,289 — Total $ 463,837 $ 4,479 $ (1,583 ) $ 466,733 $ 351,305 $ 4,139 $ 111,289 $ — Level 2: Foreign currency forward contracts $ — $ 338 $ (902 ) $ (564 ) $ — $ — $ — $ (564 ) April 30, 2016 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 155,702 $ — $ — $ 155,702 $ 155,702 $ — $ — $ — Money market funds 117,550 — — 117,550 117,550 — — — Mutual funds (1) 142,588 1,395 (2,553 ) 141,430 — 11,338 130,092 — Total $ 415,840 $ 1,395 $ (2,553 ) $ 414,682 $ 273,252 $ 11,338 $ 130,092 $ — Level 2: Foreign currency forward contracts $ — $ 324 $ (1,041 ) $ (717 ) $ — $ — $ — $ (717 ) (1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $135.6 million and $138.8 million as of January 31, 2017 and April 30, 2016, respectively, under the ECAP (see Note 7 — Deferred Compensation and Retirement Plans Investments in marketable securities classified as trading are based upon investment selections the employee elects from a pre-determined available-for-sale available-for-sale. available-for-sale Non-Designated The fair value of derivatives not designated as hedge instruments are as follows: January 31, 2017 April 30, 2016 (in thousands) Derivative assets: Foreign currency forward contracts $ 338 $ 324 Derivative liabilities: Foreign currency forward contracts $ 902 $ 1,041 As of January 31, 2017, the total notional amounts of the forward contracts purchased and sold were $27.2 million and $78.2 million, respectively. As of April 30, 2016, the total notional amounts of the forward contracts purchased and sold were $14.5 million and $44.3 million, respectively. The Company recognizes forward contracts as a net asset or net liability on the consolidated balance sheets as such contracts are covered by master netting agreements. During the three and nine months ended January 31, 2017, the Company incurred gains of $1.1 million and $1.3 million, respectively, related to forward contracts, which is recorded in general and administrative expenses in the accompanying consolidated statements of operations. The cash flows related to foreign currency forward contracts are included in net cash used in operating activities.

Deferred Compensation and Retir

Deferred Compensation and Retirement Plans	9 Months Ended
	Jan. 31, 2017
Deferred Compensation and Retirement Plans	7. Deferred Compensation and Retirement Plans The Company has several deferred compensation and retirement plans for eligible consultants and vice presidents that provide defined benefits to participants based on the deferral of current compensation or contributions made by the Company subject to vesting and retirement or termination provisions. Among these plans is a defined benefit pension plan for certain Hay Group employees in the United States. The assets of this plan are held separately from the assets of the sponsors in self-administered funds. The plan is funded consistent with local statutory requirements and the Company does not expect to make any contribution to this plan during fiscal 2017. All other defined benefit obligations from other plans are unfunded. The components of net periodic benefit costs are as follows: Three Months Ended January 31, Nine Months Ended January 31, 2017 2016 2017 2016 (in thousands) Service cost $ 1,793 $ — $ 3,981 $ — Interest cost 1,062 703 3,185 2,109 Amortization of actuarial loss 763 730 2,289 2,192 Expected return on plan assets (389 ) — (1,169 ) — Net periodic benefit costs $ 3,229 $ 1,433 $ 8,286 $ 4,301 The Company purchased COLI contracts insuring the lives of certain employees eligible to participate in the deferred compensation and pension plans as a means of funding benefits under such plans mentioned above that are unfunded. The gross CSV of these contracts of $180.3 million and $175.7 million is offset by outstanding policy loans of $68.4 million in the accompanying consolidated balance sheets as of January 31, 2017 and April 30, 2016, respectively. The CSV value of the underlying COLI investments increased by $0.1 million and $3.3 million during the three and nine months ended January 31, 2017, respectively, and it is recorded as a decrease in compensation and benefits expense in the accompanying consolidated statements of operations. The CSV value of the underlying COLI investments decreased by $1.5 million during the three months ended January 31, 2016, and it is recorded as an increase in compensation and benefits expense in the accompanying consolidated statements of operations. The CSV value of the underlying COLI investments increased by $1.8 million during the nine months ended January 31, 2016, and it is recorded as a decrease in compensation and benefits expense in the accompanying consolidated statements of operations. The Company has an ECAP, which is intended to provide certain employees an opportunity to defer salary and/or bonus on a pre-tax after-tax The ECAP is accounted for whereby the changes in the fair value of the vested amounts owed to the participants are adjusted with a corresponding charge (or credit) to compensation and benefits costs. During the three and nine months ended January 31, 2017, deferred compensation liability increased; therefore, the Company recognized an increase in compensation expense of $4.1 million and $6.7 million, respectively. Offsetting the increase in compensation and benefits expense was an increase in the fair value of marketable securities classified as trading (held in trust to satisfy obligations under the ECAP) of $3.9 million and $7.1 million during the three and nine months ended January 31, 2017, respectively, recorded in other income (loss), net on the consolidated statements of operations. During the three and nine months ended January 31, 2016, deferred compensation liability decreased; therefore, the Company recognized a decrease in compensation expense of $5.3 million and $6.2 million, respectively. Offsetting the decrease in compensation and benefits expense was a decrease in the fair value of marketable securities classified as trading (held in trust to satisfy obligations under the ECAP) of $7.1 million and $8.9 million during the three and nine months ended January 31, 2016, respectively, recorded in other income (loss), net on the consolidated statements of operations (see Note 6 — Financial Instruments

Restructuring Charges, Net

Restructuring Charges, Net	9 Months Ended
	Jan. 31, 2017
Restructuring Charges, Net	8. Restructuring Charges, Net The Company continued the implementation of the fiscal 2016 restructuring plan in fiscal 2017 in order to integrate the Hay Group entities that were acquired in fiscal 2016 by eliminating redundant positions and operational, general and administrative expenses and consolidating premises. This resulted in restructuring charges of $28.3 million in the nine months ended January 31, 2017, of which $11.5 million relates to severance and $16.8 million relates to consolidation of premises. In the three months ended January 31, 2017, the Company recorded restructuring charges of $3.8 million which relates to the consolidation of office space. Restructuring charges, net was $30.6 million in the three and nine months ended January 31, 2016, of which $29.9 million relates to severance and $0.7 million, relates to consolidation and abandonment of premises. Changes in the restructuring liability during the three months ended January 31, 2017 are as follows: Severance Facilities Total (in thousands) Liability as of October 31, 2016 $ 5,005 $ 6,926 $ 11,931 Restructuring charges, net — 3,801 3,801 Reductions for cash payments (1,900 ) (2,338 ) (4,238 ) Increase for non-cash — 584 584 Exchange rate fluctuations (71 ) 554 483 Liability as of January 31, 2017 $ 3,034 $ 9,527 $ 12,561 Changes in the restructuring liability during the nine months ended January 31, 2017 are as follows: Severance Facilities Total (in thousands) Liability as of April 30, 2016 $ 5,293 $ 669 $ 5,962 Restructuring charges, net 11,472 16,849 28,321 Reductions for cash payments (12,905 ) (6,308 ) (19,213 ) Reductions for non-cash — (1,896 ) (1,896 ) Exchange rate fluctuations (826 ) 213 (613 ) Liability as of January 31, 2017 $ 3,034 $ 9,527 $ 12,561 As of January 31, 2017 and April 30, 2016, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $5.0 million and $0.6 million, respectively, of facilities costs which primarily relate to commitments under operating leases, net of sublease income, which are included in other long-term liabilities. The restructuring liability by segment is summarized below: January 31, 2017 Severance Facilities Total (in thousands) Executive Search North America $ 143 $ 216 $ 359 Europe, Middle East and Africa (“EMEA”) — 12 12 Asia Pacific 5 1,042 1,047 Latin America — 145 145 Total Executive Search 148 1,415 1,563 Hay Group 2,886 7,971 10,857 Futurestep — 141 141 Liability as of January 31, 2017 $ 3,034 $ 9,527 $ 12,561 April 30, 2016 Severance Facilities Total (in thousands) Executive Search North America $ — $ 5 $ 5 EMEA 1,533 23 1,556 Asia Pacific 33 — 33 Total Executive Search 1,566 28 1,594 Hay Group 3,727 396 4,123 Futurestep — 245 245 Liability as of April 30, 2016 $ 5,293 $ 669 $ 5,962

Business Segments

Business Segments	9 Months Ended
	Jan. 31, 2017
Business Segments	9. Business Segments The Company currently operates in three global businesses: Executive Search, Hay Group and Futurestep. The Executive Search segment focuses on recruiting Board of Director and C-level The Company evaluates performance and allocates resources based on the Company’s chief operating decision maker’s (“CODM”) review of (1) fee revenue and (2) adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). To the extent that such charges occur, Adjusted EBITDA excludes restructuring charges, integration/acquisition costs, certain separation costs and certain non-cash write-off Financial highlights by business segment are as follows: Three Months Ended January 31, 2017 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 84,827 $ 39,147 $ 21,012 $ 7,835 $ 152,821 $ 175,662 $ 53,435 $ — $ 381,918 Total revenue $ 87,975 $ 39,965 $ 21,336 $ 7,856 $ 157,132 $ 178,962 $ 58,101 $ — $ 394,195 Net income attributable to Korn/Ferry International $ 23,897 Net income attributable to noncontrolling interest 481 Other income, net (4,200 ) Interest expense, net 2,402 Equity in earnings of unconsolidated subsidiaries, net (113 ) Income tax provision 8,075 Operating income (loss) $ 17,718 $ 8,175 $ 2,086 $ 1,352 $ 29,331 $ 15,988 $ 6,549 $ (21,326 ) $ 30,542 Depreciation and amortization 996 226 268 (21 ) 1,469 8,061 789 1,455 11,774 Other income (loss), net 316 19 60 61 456 122 (2 ) 3,624 4,200 Equity in earnings of unconsolidated subsidiaries, net 113 — — — 113 — — — 113 EBITDA 19,143 8,420 2,414 1,392 31,369 24,171 7,336 (16,247 ) 46,629 Restructuring charges, net — — 893 309 1,202 2,519 80 — 3,801 Integration/acquisition cost — — — — — 3,364 — 1,466 4,830 Adjusted EBITDA $ 19,143 $ 8,420 $ 3,307 $ 1,701 $ 32,571 $ 30,054 $ 7,416 $ (14,781 ) $ 55,260 Three Months Ended January 31, 2016 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 93,520 $ 35,498 $ 19,094 $ 6,541 $ 154,653 $ 140,508 $ 48,997 $ — $ 344,158 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Adjusted fee revenue $ 93,520 $ 35,498 $ 19,094 $ 6,541 $ 154,653 $ 146,379 $ 48,997 $ — $ 350,029 Total revenue $ 97,097 $ 36,417 $ 19,603 $ 6,545 $ 159,662 $ 146,079 $ 53,138 $ — $ 358,879 Net loss attributable to Korn/Ferry International $ (15,995 ) Net income attributable to noncontrolling interest — Other loss, net 7,092 Interest expense, net 372 Equity in earnings of unconsolidated subsidiaries, net (181 ) Income tax benefit (5,355 ) Operating income (loss) $ 28,957 $ 1,707 $ 2,775 $ 1,166 $ 34,605 $ (21,559 ) $ 6,630 $ (33,743 ) $ (14,067 ) Depreciation and amortization 812 213 235 73 1,333 6,722 609 1,666 10,330 Other (loss) income, net (330 ) 77 (114 ) 9 (358 ) 143 79 (6,956 ) (7,092 ) Equity in earnings of unconsolidated subsidiaries, net 26 — — — 26 — — 155 181 EBITDA 29,465 1,997 2,896 1,248 35,606 (14,694 ) 7,318 (38,878 ) (10,648 ) Restructuring charges, net 484 5,866 577 328 7,255 23,241 — 81 30,577 Integration/acquisition cost — — — — — 8,413 — 12,734 21,147 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Separation costs — — — — — — — 744 744 Adjusted EBITDA $ 29,949 $ 7,863 $ 3,473 $ 1,576 $ 42,861 $ 22,831 $ 7,318 $ (25,319 ) $ 47,691 Nine Months Ended January 31, 2017 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 259,361 $ 109,296 $ 60,108 $ 26,645 $ 455,410 $ 539,086 $ 164,960 $ — $ 1,159,456 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Adjusted fee revenue $ 259,361 $ 109,296 $ 60,108 $ 26,645 $ 455,410 $ 542,621 $ 164,960 $ — $ 1,162,991 Total revenue $ 269,302 $ 111,721 $ 61,445 $ 26,766 $ 469,234 $ 552,822 $ 180,026 $ — $ 1,202,082 Net income attributable to Korn/Ferry International $ 57,257 Net income attributable to noncontrolling interest 2,245 Other income, net (7,580 ) Interest expense, net 8,199 Equity in earnings of unconsolidated subsidiaries, net (221 ) Income tax provision 21,706 Operating income (loss) $ 60,458 $ 21,049 $ 6,216 $ 5,966 $ 93,689 $ 31,188 $ 21,849 $ (65,120 ) $ 81,606 Depreciation and amortization 2,816 666 757 267 4,506 24,102 2,081 4,281 34,970 Other income (loss), net 512 (37 ) 171 158 804 346 (4 ) 6,434 7,580 Equity in earnings of unconsolidated subsidiaries, net 221 — — — 221 — — — 221 EBITDA 64,007 21,678 7,144 6,391 99,220 55,636 23,926 (54,405 ) 124,377 Restructuring charges, net 1,706 128 1,515 669 4,018 24,007 80 216 28,321 Integration/acquisition cost — — — — — 11,993 — 6,684 18,677 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Adjusted EBITDA $ 65,713 $ 21,806 $ 8,659 $ 7,060 $ 103,238 $ 95,171 $ 24,006 $ (47,505 ) $ 174,910 Nine Months Ended January 31, 2016 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 276,667 $ 108,158 $ 59,307 $ 19,083 $ 463,215 $ 283,350 $ 145,587 $ — $ 892,152 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Adjusted fee revenue $ 276,667 $ 108,158 $ 59,307 $ 19,083 $ 463,215 $ 289,221 $ 145,587 $ — $ 898,023 Total revenue $ 287,694 $ 111,097 $ 61,210 $ 19,095 $ 479,096 $ 293,511 $ 156,946 $ — $ 929,553 Net income attributable to Korn/Ferry International $ 25,058 Net income attributable to noncontrolling interest — Other loss, net 9,812 Interest expense, net 1,215 Equity in earnings of unconsolidated subsidiaries, net (1,446 ) Income tax provision 13,211 Operating income (loss) $ 80,524 $ 14,912 $ 9,668 $ 3,644 $ 108,748 $ (6,286 ) $ 19,715 $ (74,327 ) $ 47,850 Depreciation and amortization 2,471 810 704 224 4,209 14,058 1,772 4,894 24,933 Other (loss) income, net (425 ) 227 (102 ) 281 (19 ) (737 ) 87 (9,143 ) (9,812 ) Equity in earnings of unconsolidated subsidiaries, net 252 — — — 252 — — 1,194 1,446 EBITDA 82,822 15,949 10,270 4,149 113,190 7,035 21,574 (77,382 ) 64,417 Restructuring charges, net 484 5,866 577 328 7,255 23,241 — 81 30,577 Integration/acquisition cost — — — — — 12,052 — 21,763 33,815 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Separation costs — — — — — — — 744 744 Adjusted EBITDA $ 83,306 $ 21,815 $ 10,847 $ 4,477 $ 120,445 $ 48,199 $ 21,574 $ (54,794 ) $ 135,424

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jan. 31, 2017
Long-Term Debt	10. Long-Term Debt On June 15, 2016, the Company entered into a senior secured $400 million Credit Agreement (the “Credit Agreement”) with a syndicate of banks and Wells Fargo Bank, National Association as administrative agent (to provide for enhanced financial flexibility and in recognition of the accelerated pace of the Hay Group integration). The Credit Agreement provides for, among other things: (a) a senior secured term loan facility in an aggregate principal amount of $275 million (the “ Term Facility”), (b) a senior secured revolving credit facility (the “Revolver” and together with the Term Facility, the “Credit Facilities”) in an aggregate principal amount of $125 million, (c) annual term loan amortization of 7.5%, 7.5%, 10.0%, 10.0%, and 10.0%, with the remaining principal due at maturity, (d) certain customary affirmative and negative covenants, including a maximum consolidated total leverage ratio (as defined below) and a minimum interest coverage ratio, and (e) an expanded definition of permitted add-backs pay-off At the Company’s option, loans issued under the Credit Agreement will bear interest at either LIBOR or an alternate base rate, in each case plus the applicable interest rate margin. The interest rate applicable to loans outstanding under the Credit Facilities may fluctuate between LIBOR plus 1.25% per annum to LIBOR plus 2.00% per annum, in the case of LIBOR borrowings (or between the alternate base rate plus 0.25% per annum and the alternate base rate plus 1.00% per annum, in the alternative), based upon the Company’s total funded debt to adjusted EBITDA ratio (as set forth in the Credit Agreement, the “consolidated leverage ratio”) at such time. In addition, the Company will be required to pay to the lenders a quarterly fee ranging from 0.20% to 0.35% per annum on the average daily unused amount of the Term Facility, based upon the Company’s consolidated leverage ratio at such time, and fees relating to the issuance of letters of credit. Both the Revolver and the Term Facility mature on June 15, 2021, and may be prepaid and terminated early by the Company at any time without premium or penalty (subject to customary LIBOR breakage fees). The Term Facility is payable in quarterly installments with principal payments totaling $10.3 million made during the nine months ended January 31, 2017. As of January 31, 2017, $264.7 million was outstanding under the Term Facility compared to $140.0 million as of April 30, 2016, under the previous Facility. During the three and nine months ended January 31, 2017, the average rate on the Term Facility was 2.06% and 2.29%, respectively. As of January 31, 2017 and April 30, 2016, the Company had no borrowings under the Revolver. The Company had $3.0 million and $2.8 million of standby letters of credits issued under its long-term debt arrangements as of January 31, 2017 and April 30, 2016, respectively. The Company had a total of $8.0 million and $6.4 million of standby letters of credits with other financial institutions as of January 31, 2017 and April 30, 2016, respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Jan. 31, 2017
Subsequent Events	11. Subsequent Events Quarterly Dividend Declaration On March 6, 2017, the Board of Directors of the Company declared a cash dividend of $0.10 per share with a payment date of April 14, 2017 to holders of the Company’s common stock of record at the close of business on March 23, 2017. The declaration and payment of future dividends under the quarterly dividend policy will be at the discretion of the Board of Directors and will depend upon many factors, including the Company’s earnings, capital requirements, financial conditions, the terms of the Company’s indebtedness and other factors that the Board of Directors may deem to be relevant. The Board may amend, revoke or suspend the dividend policy at any time and for any reason.

Organization and Summary of S18

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2017
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The accompanying financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K Investments in affiliated companies, which are 50% or less owned and where the Company exercises significant influence over operations, are accounted for using the equity method. In the fourth quarter of fiscal 2016, we obtained control of our Mexico subsidiary and began to consolidate the operations. Noncontrolling interest, which represents 51% noncontrolling interest in Mexico subsidiary, is reflected on the Company’s consolidated financial statements. The Company considers events or transactions that occur after the balance sheet date but before the consolidated financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures.
Use of Estimates and Uncertainties	Use of Estimates and Uncertainties The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates, and changes in estimates are reported in current operations as new information is learned or upon the amounts becoming fixed and determinable. The most significant areas that require management judgment are revenue recognition, restructuring, deferred compensation, annual performance related bonuses, evaluation of the carrying value of receivables, goodwill and other intangible assets, fair value of contingent consideration, share-based payments and the recoverability of deferred income taxes.
Revenue Recognition	Revenue Recognition Substantially all fee revenue is derived from fees for professional services related to executive search performed on a retained basis, recruitment for non-executive non-executive one-third non-executive
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts An allowance is established for doubtful accounts by taking a charge to general and administrative expenses. The amount of the allowance is based on historical loss experience, assessment of the collectability of specific accounts, as well as expectations of future collections based upon trends and the type of work for which services are rendered. After the Company exhausts all collection efforts, the amount of the allowance is reduced for balances identified as uncollectible.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. As of January 31, 2017 and April 30, 2016, the Company’s investments in cash equivalents, consist of money market funds for which market prices are readily available.
Marketable Securities	Marketable Securities The Company currently has investments in mutual funds that are classified as trading securities based upon management’s intent and ability to hold, sell or trade such securities. The classification of the investments in mutual funds is assessed upon purchase and reassessed at each reporting period. The investments in mutual funds (for which market prices are readily available) are held in trust to satisfy obligations under the Company’s deferred compensation plans (see Note 6 — Financial Instruments pre-determined ex-dividend
Foreign Currency Forward Contracts Not Designated as Hedges	Foreign Currency Forward Contracts Not Designated as Hedges Beginning in the third quarter of fiscal 2016, the Company established a program that primarily utilizes foreign currency forward contracts to offset the risks associated with the effects of certain foreign currency exposures which increased as a result of the Hay Group acquisition. These foreign currency forward contracts are neither used for trading purposes nor are they designated as hedging instruments pursuant to Accounting Standards Codification 815, Derivatives and Hedging. Accordingly, the fair value of these contracts are recorded as of the end of the reporting period in the accompanying consolidated balance sheets, while the change in fair value is recorded to the accompanying consolidated statements of operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is the price the Company would receive to sell an asset or transfer a liability (exit price) in an orderly transaction between market participants. For those assets and liabilities recorded or disclosed at fair value, the Company determines the fair value based upon the quoted market price, if available. If a quoted market price is not available for identical assets, the fair value is based upon the quoted market price of similar assets. The fair values are assigned a level within the fair value hierarchy as defined below: • Level 1 • Level 2 • Level 3 As of January 31, 2017 and April 30, 2016, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash, cash equivalents, marketable securities and foreign currency forward contracts. The carrying amount of cash, cash equivalents and accounts receivable approximates fair value due to the short maturity of these instruments. The fair values of marketable securities classified as trading are obtained from quoted market prices, and the fair values of foreign currency forward contracts are obtained from a third party, which are based on quoted prices or market prices for similar financial instruments.
Business Acquisitions	Business Acquisitions Business acquisitions are accounted for under the acquisition method. The acquisition method requires the reporting entity to identify the acquirer, determine the acquisition date, recognize and measure the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquired entity, and recognize and measure goodwill or a gain from the purchase. The acquiree’s results are included in the Company’s consolidated financial statements from the date of acquisition. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill, or if the fair value of the assets acquired exceeds the purchase price consideration, a bargain purchase gain is recorded. Adjustments to fair value assessments are generally recorded to goodwill over the measurement period (not longer than twelve months). The acquisition method also requires that acquisition-related transaction and post-acquisition restructuring costs be charged to expense as committed, and requires the Company to recognize and measure certain assets and liabilities including those arising from contingencies and contingent consideration in a business combination.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of assets acquired. The goodwill impairment test compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, goodwill of the reporting unit would be considered impaired. To measure the amount of the impairment loss, the implied fair value of a reporting unit’s goodwill is compared to the carrying amount of that goodwill. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of a reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. For each of these tests, the fair value of each of the Company’s reporting units is determined using a combination of valuation techniques, including a discounted cash flow methodology. To corroborate the discounted cash flow analysis performed at each reporting unit, a market approach is utilized using observable market data such as comparable companies in similar lines of business that are publicly traded or which are part of a public or private transaction (to the extent available). Results of the annual impairment test, performed as of January 31, 2016, indicated that the fair value of each reporting unit exceeded its carrying amount and no reporting units were at risk of failing the impairment test. As a result, no impairment charge was recognized. The Company’s annual impairment test will be performed in the fourth quarter of fiscal 2017. There were no indicators of impairment as of January 31, 2017 and April 30, 2016 that would have required further testing. Intangible assets primarily consist of customer lists, non-compete
Compensation and Benefits Expense	Compensation and Benefits Expense Compensation and benefits expense, in the accompanying consolidated statements of operations, consist of compensation and benefits paid to consultants (employees who originate business), executive officers and administrative and support personnel. The most significant portions of this expense are salaries and the amounts paid under the annual performance related bonus plan to employees. The portion of the expense applicable to salaries is comprised of amounts earned by employees during a reporting period. The portion of the expenses applicable to annual performance related bonuses refers to the Company’s annual employee performance related bonus with respect to a fiscal year, the amount of which is communicated and paid to each eligible employee following the completion of the fiscal year. Each quarter, management makes its best estimate of its annual performance related bonuses, which requires management to, among other things, project annual consultant productivity (as measured by engagement fees billed and collected by executive search consultants and revenue and other performance metrics for Hay Group and Futurestep consultants), the level of engagements referred by a fee earner in one line of business to a different line of business, Company performance including profitability, competitive forces and future economic conditions and their impact on the Company’s results. At the end of each fiscal year, annual performance related bonuses take into account final individual consultant productivity (including referred work), Company results including profitability, the achievement of strategic objectives and the results of individual performance appraisals, and the current economic landscape. Accordingly, each quarter the Company reevaluates the assumptions used to estimate annual performance related bonus liability and adjusts the carrying amount of the liability recorded on the consolidated balance sheet and reports any changes in the estimate in current operations. Because annual performance-based bonuses are communicated and paid only after the Company reports its full fiscal year results, actual performance-based bonus payments may differ from the prior year’s estimate. Such changes in the bonus estimate historically have been immaterial and are recorded in current operations in the period in which they are determined. The performance related bonus expense was $136.2 million and $127.5 million during the nine months ended January 31, 2017 and 2016, respectively, included in compensation and benefits expense in the consolidated statements of operations. During both the three months ended January 31, 2017 and 2016, the performance related bonus expense, included in compensation and benefits expense was $41.1 million. Other expenses included in compensation and benefits expense are due to changes in deferred compensation and pension plan liabilities, changes in cash surrender value (“CSV”) of company owned life insurance (“COLI”) contracts, amortization of stock compensation awards, payroll taxes and employee insurance benefits.
Restructuring Charges, Net	Restructuring Charges, Net The Company accounts for its restructuring charges as a liability when the obligations are incurred and records such charges at fair value. Such charges included one-time
Stock-Based Compensation	Stock-Based Compensation The Company has employee compensation plans under which various types of stock-based instruments are granted. These instruments principally include restricted stock units, restricted stock, stock options and an Employee Stock Purchase Plan (“ESPP”). The Company recognizes compensation expense related to restricted stock units, restricted stock and the estimated fair value of stock options and stock purchases under the ESPP on a straight-line basis over the service period for the entire award.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In April 2015, the Financial Accounting Standards Board (the “FASB”) issued guidance simplifying the presentation of debt issuance costs. The guidance requires debt issuance costs related to a debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, rather than being classified as an asset. The Company adopted this guidance during the first quarter of fiscal 2017 and as a result, $4.2 million of unamortized debt issuance costs associated with its senior secured Credit Agreement were classified as a direct deduction to the term loan as of July 31, 2016, of which $0.9 million was recorded to term loan, current, and $3.3 million was recorded to term loan, non-current. In September 2015, the FASB issued guidance requiring an acquirer to recognize adjustments to provisional amounts recorded in an acquisition that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer is required to record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The acquirer is also required to present separately on the face of the income statement or disclose in the footnotes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustments had been recognized as of the acquisition date. The Company adopted this guidance during the first quarter of fiscal 2017 and the adoption did not have an impact on the consolidated financial statements of the Company. Recently Proposed Accounting Standards In May 2014, the FASB issued guidance that supersedes revenue recognition requirements regarding contracts with customers to transfer goods or services or for the transfer of nonfinancial assets. Under the new guidance, entities are required to recognize revenue in order to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis to be performed on transactions to determine when and how revenue is recognized. In July 2015, the FASB decided to approve a one-year In January 2016, the FASB issued guidance on the classification and measurement of financial instruments, which requires that (i) all equity investments, other than equity-method investments, in unconsolidated entities, generally be measured at fair value through earnings and (ii) when the fair value option has been elected for financial liabilities, changes in fair value due to instrument-specific credit risk, be recognized separately in other comprehensive income. Additionally, it changes the disclosure requirements for financial instruments. The new guidance is effective for fiscal years beginning after December 15, 2017, with early adoption permitted for certain provisions. The Company is currently evaluating the effect this guidance will have on the consolidated financial statements. In February 2016, the FASB issued guidance on accounting for leases that generally requires all leases to be recognized in the consolidated balance sheet. The provisions of the guidance are effective for fiscal years beginning after December 15, 2018; early adoption is permitted. The provisions of the guidance are to be applied using a modified retrospective approach. The Company is currently evaluating the effect that this guidance will have on the consolidated financial statements. In March 2016, the FASB issued guidance on accounting for certain aspects of share-based payments to employees. The new guidance requires excess tax benefits and tax deficiencies to be recorded in the income statement when the awards vest or are settled. Furthermore, cash flows related to excess tax benefits will no longer be separately classified as a financing activity apart from other income tax cash flows. The guidance also allows companies to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting, clarifying that all cash payments made on an employee’s behalf for withheld shares should be presented as a financing activity in the consolidated statements of cash flows and provides an accounting policy election to account for forfeitures as they occur. The provisions of the guidance are effective for fiscal years beginning after December 15, 2016; early adoption is permitted. The Company is currently evaluating the effect that this guidance will have on the consolidated financial statements. In August 2016, the FASB issued guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. The new guidance provides clarification on specific cash flow issues regarding presentation and classification in the statement of cash flows with the objective of reducing the existing diversity in practice. The amendments in this update are effective for reporting periods beginning after December 15, 2017, with early adoption permitted. The provisions of the guidance are to be applied using a retrospective transition method. The adoption of this standard will not have a material impact on the consolidated financial statements. In January 2017, the FASB issued guidance that clarifies the definition of a business. The new guidance assists a company when evaluating whether transactions should be accounted for as acquisitions (disposals) of assets or businesses. The provisions of the guidance require that if the fair value of the gross assets acquired (or disposed of) is substantially concentrated in a single identifiable asset or a group of similar identifiable assets, then it is not a business. The provisions of the guidance are effective for annual years beginning after December 15, 2017, including interim periods, with early adoption permitted. These provisions of the guidance are to be applied prospectively. The adoption of this standard will not have a material impact on the consolidated financial statements.

Basic and Diluted Earnings Pe19

Basic and Diluted Earnings Per Share (Tables)	9 Months Ended
	Jan. 31, 2017
Basic and Diluted Earnings per Common Share Attributable to Common Stockholders	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, 2017 2016 2017 2016 (in thousands, except per share data) Net income (loss) attributable to Korn/Ferry International $ 23,897 $ (15,995 ) $ 57,257 $ 25,058 Less: distributed and undistributed earnings to nonvested restricted stockholders 227 54 505 235 Basic net earnings (loss) attributable to common stockholders 23,670 (16,049 ) 56,752 24,823 Add: undistributed earnings to nonvested restricted stockholders 172 — 356 83 Less: reallocation of undistributed earnings to nonvested restricted stockholders 171 — 353 82 Diluted net earnings (loss) attributable to common stockholders $ 23,671 $ (16,049 ) $ 56,755 $ 24,824 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 56,173 54,003 56,325 51,159 Effect of dilutive securities: Restricted stock 505 — 540 459 Stock options 20 — 24 53 ESPP 4 — 28 12 Diluted weighted-average number of common shares outstanding 56,702 54,003 56,917 51,683 Net earnings (loss) per common share: Basic earnings (loss) per share $ 0.42 $ (0.30 ) $ 1.01 $ 0.49 Diluted earnings (loss) per share $ 0.42 $ (0.30 ) $ 1.00 $ 0.48

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Jan. 31, 2017
Summary of Changes in Stockholders' Equity	The following table summarizes the changes in stockholders’ equity for the three months ended January 31, 2017: Total Korn/Ferry Noncontrolling Total (in thousands) Balance as of October 31, 2016 $ 1,050,553 $ 3,591 $ 1,054,144 Comprehensive income (loss): Net income 23,897 481 24,378 Foreign currency translation adjustments (1,321 ) (262 ) (1,583 ) Deferred compensation and pension plan adjustments, net of tax 465 — 465 Dividends paid to shareholders (5,796 ) — (5,796 ) Dividends paid to noncontrolling — (1,229 ) (1,229 ) Purchase of stock (9,578 ) — (9,578 ) Issuance of stock 2,778 — 2,778 Stock-based compensation 4,406 — 4,406 Tax benefit from exercise of stock options and vesting of restricted stock 17 — 17 Balance as of January 31, 2017 $ 1,065,421 $ 2,581 $ 1,068,002 The following table summarizes the changes in stockholders’ equity for the nine months ended January 31, 2017: Total Korn/Ferry Noncontrolling Total (in thousands) Balance as of April 30, 2016 $ 1,045,300 $ 2,001 $ 1,047,301 Comprehensive income (loss): Net income 57,257 2,245 59,502 Foreign currency translation adjustments (19,580 ) (436 ) (20,016 ) Deferred compensation and pension plan adjustments, net of tax 1,392 — 1,392 Dividends paid to shareholders (17,546 ) — (17,546 ) Dividends paid to noncontrolling — (1,229 ) (1,229 ) Purchase of stock (20,695 ) — (20,695 ) Issuance of stock 5,746 — 5,746 Stock-based compensation 13,497 — 13,497 Tax benefit from exercise of stock options and vesting of restricted stock 50 — 50 Balance as of January 31, 2017 $ 1,065,421 $ 2,581 $ 1,068,002

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jan. 31, 2017
Components Of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss were as follows: January 31, 2017 April 30, 2016 (in thousands) Foreign currency translation adjustments $ (55,919 ) $ (36,339 ) Deferred compensation and pension plan adjustments, net of tax (20,180 ) (21,572 ) Accumulated other comprehensive loss, net $ (76,099 ) $ (57,911 )
Changes in Each Component of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended January 31, 2017: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of October 31, 2016 $ (54,598 ) $ (20,645 ) $ — $ (75,243 ) Unrealized losses arising during the period (1,321 ) — — (1,321 ) Reclassification of realized net losses to net income — 465 — 465 Balance as of January 31, 2017 $ (55,919 ) $ (20,180 ) $ — $ (76,099 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the nine months ended January 31, 2017: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of April 30, 2016 $ (36,339 ) $ (21,572 ) $ — $ (57,911 ) Unrealized losses arising during the period (19,580 ) — — (19,580 ) Reclassification of realized net losses to net income — 1,392 — 1,392 Balance as of January 31, 2017 $ (55,919 ) $ (20,180 ) $ — $ (76,099 ) (1) The tax effect on the reclassifications of realized net losses was $0.3 million and $0.9 million for the three and nine months ended January 31, 2017, respectively. The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended January 31, 2016: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of October 31, 2015 $ (37,902 ) $ (18,813 ) $ — $ (56,715 ) Unrealized losses arising during the period (11,447 ) — — (11,447 ) Reclassification of realized net losses to net income — 447 — 447 Balance as of January 31, 2016 $ (49,349 ) $ (18,366 ) $ — $ (67,715 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the nine months ended January 31, 2016: Foreign Deferred Unrealized Accumulated (in thousands) Balance as of April 30, 2015 $ (20,919 ) $ (19,708 ) $ 4 $ (40,623 ) Unrealized losses arising during the period (28,430 ) — (4 ) (28,434 ) Reclassification of realized net losses to net income — 1,342 — 1,342 Balance as of January 31, 2016 $ (49,349 ) $ (18,366 ) $ — $ (67,715 ) (1) The tax effect on the reclassifications of realized net losses was $0.3 million and $0.9 million for the three and nine months ended January 31, 2016, respectively.

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	9 Months Ended
	Jan. 31, 2017
Components Of Stock-Based Compensation Expense Recognized	The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of operations for the periods indicated: Three Months Ended January 31, Nine Months Ended January 31, 2017 2016 2017 2016 (in thousands) Restricted stock $ 4,406 $ 4,399 $ 13,497 $ 13,131 ESPP 175 127 604 391 Stock options — — — 17 Total stock-based compensation expense, pre-tax 4,581 4,526 14,101 13,539 Tax benefit from stock-based compensation expense (1,111 ) (1,989 ) (3,778 ) (4,857 ) Total stock-based compensation expense, net of tax $ 3,470 $ 2,537 $ 10,323 $ 8,682
Restricted Stock Activity	Restricted stock activity during the nine months ended January 31, 2017 is summarized below: Shares Weighted- Average Grant (in thousands, except per share data) Non-vested, 1,506 $ 34.12 Granted 804 $ 16.64 Vested (713 ) $ 23.80 Forfeited/expired (22 ) $ 25.88 Non-vested, 1,575 $ 30.59

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2017
Cash, Trading Securities and Foreign Currency Forward Contracts' Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents, Current Portion of Current Marketable Securities, Non-Current Marketable Securities, or Other Accrued Liabilities	The following tables show the Company’s cash, trading securities and foreign currency forward contracts’ cost, gross unrealized gains, gross unrealized losses and fair value by significant category recorded as cash and cash equivalents, current portion of current marketable securities, non-current January 31, 2017 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 154,462 $ — $ — $ 154,462 $ 154,462 $ — $ — $ — Money market funds 196,843 — — 196,843 196,843 — — — Mutual funds (1) 112,532 4,479 (1,583 ) 115,428 — 4,139 111,289 — Total $ 463,837 $ 4,479 $ (1,583 ) $ 466,733 $ 351,305 $ 4,139 $ 111,289 $ — Level 2: Foreign currency forward contracts $ — $ 338 $ (902 ) $ (564 ) $ — $ — $ — $ (564 ) April 30, 2016 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 155,702 $ — $ — $ 155,702 $ 155,702 $ — $ — $ — Money market funds 117,550 — — 117,550 117,550 — — — Mutual funds (1) 142,588 1,395 (2,553 ) 141,430 — 11,338 130,092 — Total $ 415,840 $ 1,395 $ (2,553 ) $ 414,682 $ 273,252 $ 11,338 $ 130,092 $ — Level 2: Foreign currency forward contracts $ — $ 324 $ (1,041 ) $ (717 ) $ — $ — $ — $ (717 ) (1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $135.6 million and $138.8 million as of January 31, 2017 and April 30, 2016, respectively, under the ECAP (see Note 7 — Deferred Compensation and Retirement Plans
Cash, Trading Securities and Foreign Currency Forward Contracts' Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents, Current Portion of Current Marketable Securities, Non-Current Marketable Securities, or Other Accrued Liabilities	The following tables show the Company’s cash, trading securities and foreign currency forward contracts’ cost, gross unrealized gains, gross unrealized losses and fair value by significant category recorded as cash and cash equivalents, current portion of current marketable securities, non-current January 31, 2017 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 154,462 $ — $ — $ 154,462 $ 154,462 $ — $ — $ — Money market funds 196,843 — — 196,843 196,843 — — — Mutual funds (1) 112,532 4,479 (1,583 ) 115,428 — 4,139 111,289 — Total $ 463,837 $ 4,479 $ (1,583 ) $ 466,733 $ 351,305 $ 4,139 $ 111,289 $ — Level 2: Foreign currency forward contracts $ — $ 338 $ (902 ) $ (564 ) $ — $ — $ — $ (564 ) April 30, 2016 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 155,702 $ — $ — $ 155,702 $ 155,702 $ — $ — $ — Money market funds 117,550 — — 117,550 117,550 — — — Mutual funds (1) 142,588 1,395 (2,553 ) 141,430 — 11,338 130,092 — Total $ 415,840 $ 1,395 $ (2,553 ) $ 414,682 $ 273,252 $ 11,338 $ 130,092 $ — Level 2: Foreign currency forward contracts $ — $ 324 $ (1,041 ) $ (717 ) $ — $ — $ — $ (717 ) (1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $135.6 million and $138.8 million as of January 31, 2017 and April 30, 2016, respectively, under the ECAP (see Note 7 — Deferred Compensation and Retirement Plans
Fair Value of Derivatives Not Designated as Hedge Instruments	The fair value of derivatives not designated as hedge instruments are as follows: January 31, 2017 April 30, 2016 (in thousands) Derivative assets: Foreign currency forward contracts $ 338 $ 324 Derivative liabilities: Foreign currency forward contracts $ 902 $ 1,041

Deferred Compensation and Ret24

Deferred Compensation and Retirement Plans (Tables)	9 Months Ended
	Jan. 31, 2017
Deferred Compensation Plan
Components Of Net Periodic Benefit Costs	The components of net periodic benefit costs are as follows: Three Months Ended January 31, Nine Months Ended January 31, 2017 2016 2017 2016 (in thousands) Service cost $ 1,793 $ — $ 3,981 $ — Interest cost 1,062 703 3,185 2,109 Amortization of actuarial loss 763 730 2,289 2,192 Expected return on plan assets (389 ) — (1,169 ) — Net periodic benefit costs $ 3,229 $ 1,433 $ 8,286 $ 4,301

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	9 Months Ended
	Jan. 31, 2017
Changes in Restructuring Liability	Changes in the restructuring liability during the three months ended January 31, 2017 are as follows: Severance Facilities Total (in thousands) Liability as of October 31, 2016 $ 5,005 $ 6,926 $ 11,931 Restructuring charges, net — 3,801 3,801 Reductions for cash payments (1,900 ) (2,338 ) (4,238 ) Increase for non-cash — 584 584 Exchange rate fluctuations (71 ) 554 483 Liability as of January 31, 2017 $ 3,034 $ 9,527 $ 12,561 Changes in the restructuring liability during the nine months ended January 31, 2017 are as follows: Severance Facilities Total (in thousands) Liability as of April 30, 2016 $ 5,293 $ 669 $ 5,962 Restructuring charges, net 11,472 16,849 28,321 Reductions for cash payments (12,905 ) (6,308 ) (19,213 ) Reductions for non-cash — (1,896 ) (1,896 ) Exchange rate fluctuations (826 ) 213 (613 ) Liability as of January 31, 2017 $ 3,034 $ 9,527 $ 12,561
Summary Of Restructuring Liability By Segment	The restructuring liability by segment is summarized below: January 31, 2017 Severance Facilities Total (in thousands) Executive Search North America $ 143 $ 216 $ 359 Europe, Middle East and Africa (“EMEA”) — 12 12 Asia Pacific 5 1,042 1,047 Latin America — 145 145 Total Executive Search 148 1,415 1,563 Hay Group 2,886 7,971 10,857 Futurestep — 141 141 Liability as of January 31, 2017 $ 3,034 $ 9,527 $ 12,561 April 30, 2016 Severance Facilities Total (in thousands) Executive Search North America $ — $ 5 $ 5 EMEA 1,533 23 1,556 Asia Pacific 33 — 33 Total Executive Search 1,566 28 1,594 Hay Group 3,727 396 4,123 Futurestep — 245 245 Liability as of April 30, 2016 $ 5,293 $ 669 $ 5,962

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Jan. 31, 2017
Financial Highlights By Business Segment	Financial highlights by business segment are as follows: Three Months Ended January 31, 2017 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 84,827 $ 39,147 $ 21,012 $ 7,835 $ 152,821 $ 175,662 $ 53,435 $ — $ 381,918 Total revenue $ 87,975 $ 39,965 $ 21,336 $ 7,856 $ 157,132 $ 178,962 $ 58,101 $ — $ 394,195 Net income attributable to Korn/Ferry International $ 23,897 Net income attributable to noncontrolling interest 481 Other income, net (4,200 ) Interest expense, net 2,402 Equity in earnings of unconsolidated subsidiaries, net (113 ) Income tax provision 8,075 Operating income (loss) $ 17,718 $ 8,175 $ 2,086 $ 1,352 $ 29,331 $ 15,988 $ 6,549 $ (21,326 ) $ 30,542 Depreciation and amortization 996 226 268 (21 ) 1,469 8,061 789 1,455 11,774 Other income (loss), net 316 19 60 61 456 122 (2 ) 3,624 4,200 Equity in earnings of unconsolidated subsidiaries, net 113 — — — 113 — — — 113 EBITDA 19,143 8,420 2,414 1,392 31,369 24,171 7,336 (16,247 ) 46,629 Restructuring charges, net — — 893 309 1,202 2,519 80 — 3,801 Integration/acquisition cost — — — — — 3,364 — 1,466 4,830 Adjusted EBITDA $ 19,143 $ 8,420 $ 3,307 $ 1,701 $ 32,571 $ 30,054 $ 7,416 $ (14,781 ) $ 55,260 Three Months Ended January 31, 2016 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 93,520 $ 35,498 $ 19,094 $ 6,541 $ 154,653 $ 140,508 $ 48,997 $ — $ 344,158 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Adjusted fee revenue $ 93,520 $ 35,498 $ 19,094 $ 6,541 $ 154,653 $ 146,379 $ 48,997 $ — $ 350,029 Total revenue $ 97,097 $ 36,417 $ 19,603 $ 6,545 $ 159,662 $ 146,079 $ 53,138 $ — $ 358,879 Net loss attributable to Korn/Ferry International $ (15,995 ) Net income attributable to noncontrolling interest — Other loss, net 7,092 Interest expense, net 372 Equity in earnings of unconsolidated subsidiaries, net (181 ) Income tax benefit (5,355 ) Operating income (loss) $ 28,957 $ 1,707 $ 2,775 $ 1,166 $ 34,605 $ (21,559 ) $ 6,630 $ (33,743 ) $ (14,067 ) Depreciation and amortization 812 213 235 73 1,333 6,722 609 1,666 10,330 Other (loss) income, net (330 ) 77 (114 ) 9 (358 ) 143 79 (6,956 ) (7,092 ) Equity in earnings of unconsolidated subsidiaries, net 26 — — — 26 — — 155 181 EBITDA 29,465 1,997 2,896 1,248 35,606 (14,694 ) 7,318 (38,878 ) (10,648 ) Restructuring charges, net 484 5,866 577 328 7,255 23,241 — 81 30,577 Integration/acquisition cost — — — — — 8,413 — 12,734 21,147 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Separation costs — — — — — — — 744 744 Adjusted EBITDA $ 29,949 $ 7,863 $ 3,473 $ 1,576 $ 42,861 $ 22,831 $ 7,318 $ (25,319 ) $ 47,691 Nine Months Ended January 31, 2017 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 259,361 $ 109,296 $ 60,108 $ 26,645 $ 455,410 $ 539,086 $ 164,960 $ — $ 1,159,456 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Adjusted fee revenue $ 259,361 $ 109,296 $ 60,108 $ 26,645 $ 455,410 $ 542,621 $ 164,960 $ — $ 1,162,991 Total revenue $ 269,302 $ 111,721 $ 61,445 $ 26,766 $ 469,234 $ 552,822 $ 180,026 $ — $ 1,202,082 Net income attributable to Korn/Ferry International $ 57,257 Net income attributable to noncontrolling interest 2,245 Other income, net (7,580 ) Interest expense, net 8,199 Equity in earnings of unconsolidated subsidiaries, net (221 ) Income tax provision 21,706 Operating income (loss) $ 60,458 $ 21,049 $ 6,216 $ 5,966 $ 93,689 $ 31,188 $ 21,849 $ (65,120 ) $ 81,606 Depreciation and amortization 2,816 666 757 267 4,506 24,102 2,081 4,281 34,970 Other income (loss), net 512 (37 ) 171 158 804 346 (4 ) 6,434 7,580 Equity in earnings of unconsolidated subsidiaries, net 221 — — — 221 — — — 221 EBITDA 64,007 21,678 7,144 6,391 99,220 55,636 23,926 (54,405 ) 124,377 Restructuring charges, net 1,706 128 1,515 669 4,018 24,007 80 216 28,321 Integration/acquisition cost — — — — — 11,993 — 6,684 18,677 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Adjusted EBITDA $ 65,713 $ 21,806 $ 8,659 $ 7,060 $ 103,238 $ 95,171 $ 24,006 $ (47,505 ) $ 174,910 Nine Months Ended January 31, 2016 Executive Search North EMEA Asia Pacific Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 276,667 $ 108,158 $ 59,307 $ 19,083 $ 463,215 $ 283,350 $ 145,587 $ — $ 892,152 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Adjusted fee revenue $ 276,667 $ 108,158 $ 59,307 $ 19,083 $ 463,215 $ 289,221 $ 145,587 $ — $ 898,023 Total revenue $ 287,694 $ 111,097 $ 61,210 $ 19,095 $ 479,096 $ 293,511 $ 156,946 $ — $ 929,553 Net income attributable to Korn/Ferry International $ 25,058 Net income attributable to noncontrolling interest — Other loss, net 9,812 Interest expense, net 1,215 Equity in earnings of unconsolidated subsidiaries, net (1,446 ) Income tax provision 13,211 Operating income (loss) $ 80,524 $ 14,912 $ 9,668 $ 3,644 $ 108,748 $ (6,286 ) $ 19,715 $ (74,327 ) $ 47,850 Depreciation and amortization 2,471 810 704 224 4,209 14,058 1,772 4,894 24,933 Other (loss) income, net (425 ) 227 (102 ) 281 (19 ) (737 ) 87 (9,143 ) (9,812 ) Equity in earnings of unconsolidated subsidiaries, net 252 — — — 252 — — 1,194 1,446 EBITDA 82,822 15,949 10,270 4,149 113,190 7,035 21,574 (77,382 ) 64,417 Restructuring charges, net 484 5,866 577 328 7,255 23,241 — 81 30,577 Integration/acquisition cost — — — — — 12,052 — 21,763 33,815 Deferred revenue adjustment due to acquisition — — — — — 5,871 — — 5,871 Separation costs — — — — — — — 744 744 Adjusted EBITDA $ 83,306 $ 21,815 $ 10,847 $ 4,477 $ 120,445 $ 48,199 $ 21,574 $ (54,794 ) $ 135,424

Organization and Summary of S27

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2017USD ($)CountryOffice	Jan. 31, 2016USD ($)	Jan. 31, 2017USD ($)CountryOffice	Jan. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Jul. 31, 2016USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of offices | Office	128		128
Number of countries in which entity operates | Country	52		52
Investments in affiliated companies maximum	50.00%		50.00%
Deferred revenue	$ 99,700,000		$ 99,700,000		$ 95,900,000
Increase (Decrease) in income taxes payable			(3,500,000)	$ (4,243,000)
Impairment of goodwill			0		0
Impairment of intangible assets			0		$ 0
Performance related bonus expenses	41,100,000	$ 41,100,000	$ 136,200,000	$ 127,500,000
Legacy Hay
Organization And Summary Of Significant Accounting Policies [Line Items]
Decrease in goodwill	(4,600,000)
Increase (Decrease) in income taxes payable	1,800,000
Increase in deferred tax assets	$ 6,300,000
Accounting Standards Update 2015-03 | Restatement Adjustment
Organization And Summary Of Significant Accounting Policies [Line Items]
Unamortized debt issuance costs						$ 4,200,000
Unamortized debt issuance costs, current						900,000
Unamortized debt issuance costs, non-current						$ 3,300,000
Mexican Subsidiary
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of Noncontrolling interest in subsidiary					51.00%
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives			1 year
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives			24 years

Basic and Diluted Earnings Pe28

Basic and Diluted Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, shares	0.5	1.5	0.6	0.5

Basic and Diluted Earnings pe29

Basic and Diluted Earnings per Common Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Earnings Per Share Disclosure [Line Items]
Net income (loss) attributable to Korn/Ferry International	$ 23,897	$ (15,995)	$ 57,257	$ 25,058
Less: distributed and undistributed earnings to nonvested restricted stockholders	227	54	505	235
Basic net earnings (loss) attributable to common stockholders	23,670	(16,049)	56,752	24,823
Add: undistributed earnings to nonvested restricted stockholders	172		356	83
Less: reallocation of undistributed earnings to nonvested restricted stockholders	171		353	82
Diluted net earnings (loss) attributable to common stockholders	$ 23,671	$ (16,049)	$ 56,755	$ 24,824
Basic weighted-average number of common shares outstanding	56,173	54,003	56,325	51,159
Diluted weighted-average number of common shares outstanding	56,702	54,003	56,917	51,683
Basic earnings (loss) per share	$ 0.42	$ (0.30)	$ 1.01	$ 0.49
Diluted earnings (loss) per share	$ 0.42	$ (0.30)	$ 1	$ 0.48
ESPP
Earnings Per Share Disclosure [Line Items]
Stock	4		28	12
Restricted Stock
Earnings Per Share Disclosure [Line Items]
Stock	505		540	459
Stock Options
Earnings Per Share Disclosure [Line Items]
Stock	20		24	53

Summary of Changes in Stockhold

Summary of Changes in Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Balance as of April 30, 2016	$ 1,054,144		$ 1,047,301
Net income	24,378	$ (15,995)	59,502	$ 25,058
Foreign currency translation adjustments	(1,583)	(11,447)	(20,016)	(28,430)
Deferred compensation and pension plan adjustments, net of tax	465	$ 447	1,392	$ 1,342
Dividends paid to shareholders	(5,796)		(17,546)
Dividends paid to noncontrolling interest	(1,229)		(1,229)
Purchase of stock	(9,578)		(20,695)
Issuance of stock	2,778		5,746
Stock-based compensation	4,406		13,497
Tax benefit from exercise of stock options and vesting of restricted stock	17		50
Balance as of January 31, 2017	1,068,002		1,068,002
Parent
Balance as of April 30, 2016	1,050,553		1,045,300
Net income	23,897		57,257
Foreign currency translation adjustments	(1,321)		(19,580)
Deferred compensation and pension plan adjustments, net of tax	465		1,392
Dividends paid to shareholders	(5,796)		(17,546)
Purchase of stock	(9,578)		(20,695)
Issuance of stock	2,778		5,746
Stock-based compensation	4,406		13,497
Tax benefit from exercise of stock options and vesting of restricted stock	17		50
Balance as of January 31, 2017	1,065,421		1,065,421
Noncontrolling Interest
Balance as of April 30, 2016	3,591		2,001
Net income	481		2,245
Foreign currency translation adjustments	(262)		(436)
Dividends paid to noncontrolling interest	(1,229)		(1,229)
Balance as of January 31, 2017	$ 2,581		$ 2,581

Components of Accumulated Other

Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Jan. 31, 2017	Apr. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	$ (55,919)	$ (36,339)
Deferred compensation and pension plan adjustments, net of tax	(20,180)	(21,572)
Accumulated other comprehensive loss, net	$ (76,099)	$ (57,911)

Changes in Each Component of Ac

Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Jan. 31, 2017		Jan. 31, 2016		Jan. 31, 2017		Jan. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance					$ 1,045,300
Unrealized losses arising during the period	$ (1,321)		$ (11,447)		(19,580)		$ (28,434)
Reclassification of realized net losses to net income	465		447		1,392		1,342
Ending balance	1,065,421				1,065,421
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(54,598)		(37,902)		(36,339)		(20,919)
Unrealized losses arising during the period	(1,321)		(11,447)		(19,580)		(28,430)
Ending balance	(55,919)		(49,349)		(55,919)		(49,349)
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(20,645)	[1]	(18,813)	[2]	(21,572)	[1]	(19,708)	[2]
Reclassification of realized net losses to net income	465	[1]	447	[2]	1,392	[1]	1,342	[2]
Ending balance	(20,180)	[1]	(18,366)	[2]	(20,180)	[1]	(18,366)	[2]
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance							4
Unrealized losses arising during the period							(4)
Accumulated Other Comprehensive Income/(Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(75,243)		(56,715)		(57,911)		(40,623)
Ending balance	$ (76,099)		$ (67,715)		$ (76,099)		$ (67,715)
[1]	The tax effect on the reclassifications of realized net losses was $0.3 million and $0.9 million for the three and nine months ended January 31, 2017, respectively.
[2]	The tax effect on the reclassifications of realized net losses was $0.3 million and $0.9 million for the three and nine months ended January 31, 2016, respectively.

Changes in Each Component of 33

Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effect on reclassifications of realized net losses	$ 0.3	$ 0.3	$ 0.9	$ 0.9

Components of Stock-Based Compe

Components of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax	$ 4,581	$ 4,526	$ 14,101	$ 13,539
Tax benefit from stock-based compensation expense	(1,111)	(1,989)	(3,778)	(4,857)
Total stock-based compensation expense, net of tax	3,470	2,537	10,323	8,682
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax	4,406	4,399	13,497	13,131
Stock Options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax				17
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax	$ 175	$ 127	$ 604	$ 391

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Jan. 31, 2017USD ($)$ / sharesshares	Jan. 31, 2016USD ($)$ / sharesshares	Jan. 31, 2017USD ($)$ / sharesshares	Jan. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of tax withholdings on restricted stock | $			$ 4,377,000	$ 6,709,000
Shares repurchased during the period, value | $	$ 9,578,000		$ 20,695,000
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period	383,598	0	719,098	0
Shares repurchased during the period, value | $	$ 9,400,000		$ 16,300,000
Time Based Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Time Based Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Market Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Shares outstanding	600,000		600,000
Total unrecognized compensation cost related to non-vested awards | $	$ 6,400,000		$ 6,400,000
Performance Based Restricted Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Shares outstanding	100,000		100,000
Total unrecognized compensation cost related to non-vested awards | $	$ 7,300,000		$ 7,300,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from issuance of common stock upon exercise of employee stock options | $	$ 30,000	$ 100,000	$ 600,000	$ 1,300,000
Stock Options | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued for stock options exercised	2,510	3,650	46,600	84,148
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to non-vested awards | $	$ 31,600,000		$ 31,600,000
Expected cost recognized over weighted-average period			2 years 4 months 24 days
Shares repurchased during the period to pay for taxes	7,151	3,352	193,668	192,116
Payments of tax withholdings on restricted stock | $	$ 200,000	$ 100,000	$ 4,400,000	$ 6,800,000
Stock Incentive Plan 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock incentive plan, additional number of shares			5,500,000
Maximum number of shares reserved for issuance	11,200,000		11,200,000
Issuance of full-value stock awards limitation, required ratio to stock options	2.3		2.3
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares reserved for issuance	3,000,000		3,000,000
Authorized payroll deductions	15.00%		15.00%
Authorized payroll deductions, value | $			$ 25,000
Fair market price of common stock			85.00%
Shares available for future issuance	1,300,000		1,300,000
Employees stock purchased	93,130	50,801	207,141	95,135
Employees stock purchased, price per share | $ / shares	$ 25.01	$ 28.20	$ 20.93	$ 28.83

Restricted Stock Activity (Deta

Restricted Stock Activity (Detail) - Restricted Stock shares in Thousands	9 Months Ended
	Jan. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Non-vested, beginning of year | shares	1,506
Shares, Granted | shares	804
Shares, Vested | shares	(713)
Shares, Forfeited/expired | shares	(22)
Shares, Non-vested, end of year | shares	1,575
Weighted-Average Grant Date Fair Value, Non-vested, beginning of year | $ / shares	$ 34.12
Weighted-Average Grant Date Fair Value, Granted | $ / shares	16.64
Weighted-Average Grant Date Fair Value, Vested | $ / shares	23.80
Weighted-Average Grant Date Fair Value, Forfeited/expired | $ / shares	25.88
Weighted-Average Grant Date Fair Value, Non-vested, end of year | $ / shares	$ 30.59

Cash, Trading Securities and Fo

Cash, Trading Securities and Foreign Currency Forward Contracts' Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents, Current Portion of Current Marketable Securities, Non-Current Marketable Securities, or Other Accrued Liabilities (Detail) - USD ($) $ in Thousands		Jan. 31, 2017	Apr. 30, 2016	Jan. 31, 2016	Apr. 30, 2015
Investment Holdings [Line Items]
Cash and cash equivalents		$ 351,305	$ 273,252	$ 207,342	$ 380,838
Marketable Securities, Current		4,139	11,338
Marketable securities, non-current		111,289	130,092
Other Accrued Liabilities		(150,009)	(145,023)
Fair Value, Inputs, Level 1
Investment Holdings [Line Items]
Cost		463,837	415,840
Unrealized Gains		4,479	1,395
Unrealized Losses		(1,583)	(2,553)
Fair Value		466,733	414,682
Cash and cash equivalents		351,305	273,252
Marketable Securities, Current		4,139	11,338
Marketable securities, non-current		111,289	130,092
Fair Value, Inputs, Level 1 | Cash
Investment Holdings [Line Items]
Cash and cash equivalents		154,462	155,702
Cost		154,462	155,702
Fair Value		154,462	155,702
Fair Value, Inputs, Level 1 | Money Market Funds
Investment Holdings [Line Items]
Cash and cash equivalents		196,843	117,550
Fair Value		196,843	117,550
Cost		196,843	117,550
Fair Value, Inputs, Level 1 | Mutual Funds
Investment Holdings [Line Items]
Unrealized Gains	[1]	4,479	1,395
Unrealized Losses	[1]	(1,583)	(2,553)
Marketable Securities, Current	[1]	4,139	11,338
Marketable securities, non-current	[1]	111,289	130,092
Cost	[1]	112,532	142,588
Fair Value	[1]	115,428	141,430
Fair Value, Inputs, Level 2 | Foreign Exchange Forward Contracts
Investment Holdings [Line Items]
Unrealized Gains		338	324
Unrealized Losses		(902)	(1,041)
Fair Value		(564)	(717)
Other Accrued Liabilities		$ (564)	$ (717)
[1]	These investments are held in trust for settlement of the Company's vested and unvested obligations of $135.6 million and $138.8 million as of January 31, 2017 and April 30, 2016, respectively, under the ECAP (see Note 7 - Deferred Compensation and Retirement Plans). During the three and nine months ended January 31, 2017, the fair value of the investments increased; therefore, the Company recognized income of $3.9 million and $7.1 million, respectively, which was recorded in other income (loss), net. During the three and nine months ended January 31, 2016, the fair value of the investments decreased; therefore, the Company recognized a loss of $7.1 million and $8.9 million, respectively, which was recorded in other income (loss), net.

Cash, Trading Securities and 38

Cash, Trading Securities and Foreign Currency Forward Contracts' Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents, Current Portion of Current Marketable Securities, Non-Current Marketable Securities, or Other Accrued Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016	Apr. 30, 2016
Investment Holdings [Line Items]
Obligations for which assets are held in trust	$ 135,600		$ 135,600		$ 138,800
Gain (loss) on marketable securities	$ 3,900	$ (7,100)	$ 7,090	$ (8,904)

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016	Apr. 30, 2016
Financial Instrument [Line Items]
Proceeds from maturities of available-for-sale securities		$ 2		$ 13.1
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts
Financial Instrument [Line Items]
Foreign currency gain	$ 1.1		$ 1.3
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Other Accrued Liabilities | Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount	27.2		27.2		$ 14.5
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Other Accrued Liabilities | Derivatives Sold
Financial Instrument [Line Items]
Derivative notional amount	$ 78.2		$ 78.2		$ 44.3

Fair Value of Derivatives Not D

Fair Value of Derivatives Not Designated as Hedge Instruments (Detail) - Not Designated as Hedge Instrument - Foreign Exchange Forward Contracts - USD ($) $ in Thousands	Jan. 31, 2017	Apr. 30, 2016
Derivative assets:
Fair Value of Derivative Assets	$ 338	$ 324
Derivative liabilities:
Fair Value of Derivative Liabilities	$ 902	$ 1,041

Components of Net Periodic Bene

Components of Net Periodic Benefit Costs (Detail) - Deferred Compensation Plan - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,793		$ 3,981
Interest cost	1,062	$ 703	3,185	$ 2,109
Amortization of actuarial loss	763	730	2,289	2,192
Expected return on plan assets	(389)		(1,169)
Net periodic benefit costs	$ 3,229	$ 1,433	$ 8,286	$ 4,301

Deferred Compensation and Ret42

Deferred Compensation and Retirement Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016	Apr. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Increase (decrease) in market value of the underlying COLI investments			$ 3,316	$ 1,801
Recognized investment income(expense)	$ 3,900	$ (7,100)	7,090	(8,904)
CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	180,300		180,300		$ 175,700
Outstanding policy loans	68,400		68,400		$ 68,400
Increase (decrease) in market value of the underlying COLI investments	100	(1,500)	3,300	1,800
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
(Loss) gain on deferred compensation plan	$ 4,100	$ (5,300)	$ 6,700	$ (6,200)
Executive Capital Accumulation Plan | Minimum
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period			4 years
Executive Capital Accumulation Plan | Maximum
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period			5 years

Restructuring Charges, Net - Ad

Restructuring Charges, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016	Apr. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,801	$ 30,577	$ 28,321	$ 30,577
Restructuring liability included in other long-term liabilities	5,000		5,000		$ 600
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges		29,900	11,472	29,900
Facilities
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,801	$ 700	$ 16,849	$ 700

Changes In Restructuring Liabil

Changes In Restructuring Liability (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Restructuring Cost and Reserve [Line Items]
Liability, Beginning period	$ 11,931		$ 5,962
Restructuring charges, net	3,801	$ 30,577	28,321	$ 30,577
Reductions for cash payments	(4,238)		(19,213)
Increase for non-cashcharges	584
Reductions for non-cash charges			(1,896)
Exchange rate fluctuations	483		(613)
Liability, Ending period	12,561		12,561
Severance
Restructuring Cost and Reserve [Line Items]
Liability, Beginning period	5,005		5,293
Restructuring charges, net		29,900	11,472	29,900
Reductions for cash payments	(1,900)		(12,905)
Exchange rate fluctuations	(71)		(826)
Liability, Ending period	3,034		3,034
Facilities
Restructuring Cost and Reserve [Line Items]
Liability, Beginning period	6,926		669
Restructuring charges, net	3,801	$ 700	16,849	$ 700
Reductions for cash payments	(2,338)		(6,308)
Increase for non-cashcharges	584
Reductions for non-cash charges			(1,896)
Exchange rate fluctuations	554		213
Liability, Ending period	$ 9,527		$ 9,527

Summary of Restructuring Liabil

Summary of Restructuring Liability by Segment (Detail) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016	Apr. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 12,561	$ 11,931	$ 5,962
Operating Segments | Executive Search
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	1,563		1,594
Operating Segments | Executive Search | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	359		5
Operating Segments | Executive Search | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	12		1,556
Operating Segments | Executive Search | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	1,047		33
Operating Segments | Executive Search | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	145
Operating Segments | Hay Group
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	10,857		4,123
Operating Segments | Futurestep
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	141		245
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	3,034	5,005	5,293
Severance | Operating Segments | Executive Search
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	148		1,566
Severance | Operating Segments | Executive Search | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	143
Severance | Operating Segments | Executive Search | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve			1,533
Severance | Operating Segments | Executive Search | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	5		33
Severance | Operating Segments | Hay Group
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	2,886		3,727
Facilities
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	9,527	$ 6,926	669
Facilities | Operating Segments | Executive Search
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	1,415		28
Facilities | Operating Segments | Executive Search | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	216		5
Facilities | Operating Segments | Executive Search | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	12		23
Facilities | Operating Segments | Executive Search | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	1,042
Facilities | Operating Segments | Executive Search | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	145
Facilities | Operating Segments | Hay Group
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	7,971		396
Facilities | Operating Segments | Futurestep
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 141		$ 245

Business Segments - Additional

Business Segments - Additional Information (Detail)	9 Months Ended
	Jan. 31, 2017Segment
Segment Reporting Information [Line Items]
Number of business segments	3

Business Segments (Detail)

Business Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Segment Reporting Information [Line Items]
Fee revenue	$ 381,918	$ 344,158	$ 1,159,456	$ 892,152
Deferred revenue adjustment due to acquisition		5,871	3,535	5,871
Adjusted fee revenue		350,029	1,162,991	898,023
Total revenue	394,195	358,879	1,202,082	929,553
Net income (loss) attributable to Korn/Ferry International	23,897	(15,995)	57,257	25,058
Net income attributable to noncontrolling interest	481		2,245
Other (income) loss, net	(4,200)	7,092	(7,580)	9,812
Interest expense, net	2,402	372	8,199	1,215
Equity in earnings of unconsolidated subsidiaries, net	(113)	(181)	(221)	(1,446)
Income tax provision (benefit)	8,075	(5,355)	21,706	13,211
Operating income (loss)	30,542	(14,067)	81,606	47,850
Depreciation and amortization	11,774	10,330	34,970	24,933
Other income (loss), net	4,200	(7,092)	7,580	(9,812)
Equity in earnings of unconsolidated subsidiaries, net	113	181	221	1,446
EBITDA	46,629	(10,648)	124,377	64,417
Restructuring charges, net	3,801	30,577	28,321	30,577
Integration/acquisition cost	4,830	21,147	18,677	33,815
Deferred revenue adjustment due to acquisition		5,871	3,535	5,871
Separation costs		744		744
Adjusted EBITDA	55,260	47,691	174,910	135,424
Operating Segments | Executive Search
Segment Reporting Information [Line Items]
Fee revenue	152,821	154,653	455,410	463,215
Adjusted fee revenue		154,653	455,410	463,215
Total revenue	157,132	159,662	469,234	479,096
Operating income (loss)	29,331	34,605	93,689	108,748
Depreciation and amortization	1,469	1,333	4,506	4,209
Other income (loss), net	456	(358)	804	(19)
Equity in earnings of unconsolidated subsidiaries, net	113	26	221	252
EBITDA	31,369	35,606	99,220	113,190
Restructuring charges, net	1,202	7,255	4,018	7,255
Adjusted EBITDA	32,571	42,861	103,238	120,445
Operating Segments | Executive Search | North America
Segment Reporting Information [Line Items]
Fee revenue	84,827	93,520	259,361	276,667
Adjusted fee revenue		93,520	259,361	276,667
Total revenue	87,975	97,097	269,302	287,694
Operating income (loss)	17,718	28,957	60,458	80,524
Depreciation and amortization	996	812	2,816	2,471
Other income (loss), net	316	(330)	512	(425)
Equity in earnings of unconsolidated subsidiaries, net	113	26	221	252
EBITDA	19,143	29,465	64,007	82,822
Restructuring charges, net		484	1,706	484
Adjusted EBITDA	19,143	29,949	65,713	83,306
Operating Segments | Executive Search | EMEA
Segment Reporting Information [Line Items]
Fee revenue	39,147	35,498	109,296	108,158
Adjusted fee revenue		35,498	109,296	108,158
Total revenue	39,965	36,417	111,721	111,097
Operating income (loss)	8,175	1,707	21,049	14,912
Depreciation and amortization	226	213	666	810
Other income (loss), net	19	77	(37)	227
EBITDA	8,420	1,997	21,678	15,949
Restructuring charges, net		5,866	128	5,866
Adjusted EBITDA	8,420	7,863	21,806	21,815
Operating Segments | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Fee revenue	21,012	19,094	60,108	59,307
Adjusted fee revenue		19,094	60,108	59,307
Total revenue	21,336	19,603	61,445	61,210
Operating income (loss)	2,086	2,775	6,216	9,668
Depreciation and amortization	268	235	757	704
Other income (loss), net	60	(114)	171	(102)
EBITDA	2,414	2,896	7,144	10,270
Restructuring charges, net	893	577	1,515	577
Adjusted EBITDA	3,307	3,473	8,659	10,847
Operating Segments | Executive Search | Latin America
Segment Reporting Information [Line Items]
Fee revenue	7,835	6,541	26,645	19,083
Adjusted fee revenue		6,541	26,645	19,083
Total revenue	7,856	6,545	26,766	19,095
Operating income (loss)	1,352	1,166	5,966	3,644
Depreciation and amortization	(21)	73	267	224
Other income (loss), net	61	9	158	281
EBITDA	1,392	1,248	6,391	4,149
Restructuring charges, net	309	328	669	328
Adjusted EBITDA	1,701	1,576	7,060	4,477
Operating Segments | Hay Group
Segment Reporting Information [Line Items]
Fee revenue	175,662	140,508	539,086	283,350
Deferred revenue adjustment due to acquisition		5,871	3,535	5,871
Adjusted fee revenue		146,379	542,621	289,221
Total revenue	178,962	146,079	552,822	293,511
Operating income (loss)	15,988	(21,559)	31,188	(6,286)
Depreciation and amortization	8,061	6,722	24,102	14,058
Other income (loss), net	122	143	346	(737)
EBITDA	24,171	(14,694)	55,636	7,035
Restructuring charges, net	2,519	23,241	24,007	23,241
Integration/acquisition cost	3,364	8,413	11,993	12,052
Deferred revenue adjustment due to acquisition		5,871	3,535	5,871
Adjusted EBITDA	30,054	22,831	95,171	48,199
Operating Segments | Futurestep
Segment Reporting Information [Line Items]
Fee revenue	53,435	48,997	164,960	145,587
Adjusted fee revenue		48,997	164,960	145,587
Total revenue	58,101	53,138	180,026	156,946
Operating income (loss)	6,549	6,630	21,849	19,715
Depreciation and amortization	789	609	2,081	1,772
Other income (loss), net	(2)	79	(4)	87
EBITDA	7,336	7,318	23,926	21,574
Restructuring charges, net	80		80
Adjusted EBITDA	7,416	7,318	24,006	21,574
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(21,326)	(33,743)	(65,120)	(74,327)
Depreciation and amortization	1,455	1,666	4,281	4,894
Other income (loss), net	3,624	(6,956)	6,434	(9,143)
Equity in earnings of unconsolidated subsidiaries, net		155		1,194
EBITDA	(16,247)	(38,878)	(54,405)	(77,382)
Restructuring charges, net		81	216	81
Integration/acquisition cost	1,466	12,734	6,684	21,763
Separation costs		744		744
Adjusted EBITDA	$ (14,781)	$ (25,319)	$ (47,505)	$ (54,794)

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Jun. 15, 2016	Jan. 31, 2017	Jan. 31, 2017	Jan. 31, 2016	Apr. 30, 2016
Debt Instrument [Line Items]
Principal payment on term loan facility			$ 150,313,000	$ 2,500,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility borrowings		$ 0	0		$ 0
Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		3,000,000	3,000,000		2,800,000
Other Financial Institutions | Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		8,000,000	$ 8,000,000		6,400,000
Credit Agreement
Debt Instrument [Line Items]
Credit agreement initiation date	Jun. 15, 2016
Line of credit facility, maximum borrowing capacity	$ 400,000,000
Line of credit facility borrowings	275,000,000
Principal payment on term loan facility	140,000,000
Credit Agreement | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Applicable margin on variable interest rate			1.25%
Credit Agreement | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Applicable margin on variable interest rate			2.00%
Credit Agreement | Base Rate Loans | Minimum
Debt Instrument [Line Items]
Applicable margin on variable interest rate			0.25%
Credit Agreement | Base Rate Loans | Maximum
Debt Instrument [Line Items]
Applicable margin on variable interest rate			1.00%
Credit Agreement | Term Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 275,000,000
Term loan amortization percentage year one	7.50%
Term loan amortization percentage year two	7.50%
Term loan amortization percentage year three	10.00%
Term loan amortization percentage year four	10.00%
Term loan amortization percentage year five	10.00%
Principal payment on term loan facility			$ 10,300,000
Long-term debt		$ 264,700,000	$ 264,700,000		$ 140,000,000
Line of credit facility, maturity date			Jun. 15, 2021
Average interest rate		2.06%	2.29%
Credit Agreement | Term Facility | Minimum
Debt Instrument [Line Items]
Quarterly fee on average daily unused amount of Credit Facilities			0.20%
Credit Agreement | Term Facility | Maximum
Debt Instrument [Line Items]
Quarterly fee on average daily unused amount of Credit Facilities			0.35%
Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 125,000,000
Line of credit facility, maturity date			Jun. 15, 2021

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - Dividend Declared	Mar. 06, 2017$ / shares
Subsequent Event [Line Items]
Dividends payable, declared date	Mar. 6, 2017
Dividends payable, per share amount	$ 0.10
Dividends payable, payable date	Apr. 14, 2017
Dividends declared, record date	Mar. 23, 2017