Korn Ferry (KFY) 10-K 28 Jun 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2017	Jun. 20, 2017	Oct. 31, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	KFY
Entity Registrant Name	KORN FERRY INTERNATIONAL
Entity Central Index Key	56,679
Current Fiscal Year End Date	--04-30
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		56,954,101
Entity Public Float			$ 1,069,775,603

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Apr. 30, 2017	Apr. 30, 2016
ASSETS
Cash and cash equivalents		$ 410,882	$ 273,252
Marketable securities		4,363	11,338
Receivables due from clients, net of allowance for doubtful accounts of $15,455 and $11,292, respectively		345,314	315,975
Income taxes and other receivables		31,573	20,579
Prepaid expenses and other assets		51,542	43,130
Total current assets		843,674	664,274
Marketable securities, non-current		115,574	130,092
Property and equipment, net	[1]	109,567	95,436
Cash surrender value of company owned life insurance policies, net of loans		113,067	107,296
Deferred income taxes, net		20,175	27,163
Goodwill	[1]	576,865	590,072
Intangible assets, net		217,319	233,027
Investments and other assets		66,657	51,240
Total assets	[1]	2,062,898	1,898,600
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable		37,481	26,634
Income taxes payable		4,526	8,396
Compensation and benefits payable		248,354	266,211
Term loan		19,754	30,000
Other accrued liabilities		148,464	145,023
Total current liabilities		458,579	476,264
Deferred compensation and other retirement plans		219,905	216,113
Term loan, non-current		236,222	110,000
Deferred tax liabilities		7,014	5,088
Other liabilities		54,130	43,834
Total liabilities		975,850	851,299
Commitments and contingencies
Stockholders' equity:
Common stock: $0.01 par value, 150,000 shares authorized, 70,811 and 69,723 shares issued at April 30, 2017 and 2016, respectively, and 56,938 and 57,272 shares outstanding at April 30, 2017 and 2016, respectively		692,527	702,098
Retained earnings		461,976	401,113
Accumulated other comprehensive loss, net		(71,064)	(57,911)
Total Korn/Ferry International stockholders' equity		1,083,439	1,045,300
Noncontrolling interest		3,609	2,001
Total stockholders' equity		1,087,048	1,047,301
Total liabilities and stockholders' equity		$ 2,062,898	$ 1,898,600
[1]	As of the end of the fiscal year.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Allowance for doubtful accounts	$ 15,455	$ 11,292
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	70,811,000	69,723,000
Common stock, shares outstanding	56,938,000	57,272,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Fee revenue	$ 1,565,521	$ 1,292,112	$ 1,028,152
Reimbursed out-of-pocket engagement expenses	56,148	54,602	37,914
Total revenue	1,621,669	1,346,714	1,066,066
Compensation and benefits	1,071,507	897,345	691,450
General and administrative expenses	226,232	213,018	145,917
Reimbursed expenses	56,148	54,602	37,914
Cost of services	71,482	59,824	39,692
Depreciation and amortization	47,260	36,220	27,597
Restructuring charges, net	34,600	33,013	9,468
Total operating expenses	1,507,229	1,294,022	952,038
Operating income	114,440	52,692	114,028
Other income (loss), net	11,820	(4,167)	7,458
Interest (expense) income, net	(10,251)	237	(1,784)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	116,009	48,762	119,702
Equity in earnings of unconsolidated subsidiaries, net	333	1,631	2,181
Income tax provision	29,104	18,960	33,526
Net income	87,238	31,433	88,357
Net income attributable to noncontrolling interest	(3,057)	(520)
Net income attributable to Korn/Ferry International	$ 84,181	$ 30,913	$ 88,357
Earnings per common share attributable to Korn/Ferry International:
Basic	$ 1.48	$ 0.58	$ 1.78
Diluted	$ 1.47	$ 0.58	$ 1.76
Weighted-average common shares outstanding:
Basic	56,205	52,372	49,052
Diluted	56,900	52,929	49,766
Cash dividends declared per share	$ 0.40	$ 0.40	$ 0.10

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Net income	$ 87,238	$ 31,433	$ 88,357
Other comprehensive income:
Foreign currency translation adjustments	(19,266)	(15,428)	(36,523)
Deferred compensation and pension plan adjustments, net of tax	6,445	(1,864)	(1,702)
Unrealized losses on marketable securities, net of tax		(4)	(10)
Net unrealized loss on interest rate swap, net of tax	(578)
Comprehensive income	73,839	14,137	50,122
Less: comprehensive income attributable to noncontrolling interest	(2,811)	(512)
Comprehensive income attributable to Korn/Ferry International	$ 71,028	$ 13,625	$ 50,122

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive (Loss) Income, Net	Total Korn/Ferry International Stockholders' Equity	Noncontrolling Interest
Beginning Balance, Shares at Apr. 30, 2014		49,811,000
Beginning Balance at Apr. 30, 2014	$ 756,024	$ 449,631	$ 308,781	$ (2,388)	$ 756,024
Comprehensive income	50,122		88,357	(38,235)	50,122
Dividends paid to shareholders	(5,105)		(5,105)		(5,105)
Purchase of stock, shares		(122,000)
Purchase of stock	(4,038)	$ (4,038)			(4,038)
Issuance of stock	2,993	$ 2,993			2,993
Issuance of stock (shares)		884,000
Stock-based compensation	13,737	$ 13,737			13,737
Tax benefit from exercise of stock options and vesting of restricted stock	1,516	$ 1,516			1,516
Ending Balance, Shares at Apr. 30, 2015		50,573,000
Ending Balance at Apr. 30, 2015	815,249	$ 463,839	392,033	(40,623)	815,249
Acquisition of noncontrolling interest in Mexico	1,489					$ 1,489
Comprehensive income	14,137		30,913	(17,288)	13,625	512
Dividends paid to shareholders	(21,833)		(21,833)		(21,833)
Purchase of stock, shares		(215,000)
Purchase of stock	(7,410)	$ (7,410)			(7,410)
Issuance of stock	222,456	$ 222,456			222,456
Issuance of stock (shares)		6,914,000
Stock-based compensation	18,305	$ 18,305			18,305
Tax benefit from exercise of stock options and vesting of restricted stock	$ 4,908	$ 4,908			4,908
Ending Balance, Shares at Apr. 30, 2016	57,272,000	57,272,000
Ending Balance at Apr. 30, 2016	$ 1,047,301	$ 702,098	401,113	(57,911)	1,045,300	2,001
Comprehensive income	73,839		84,181	(13,153)	71,028	2,811
Dividends paid to shareholders	(23,318)		(23,318)		(23,318)
Dividends paid to noncontrolling interest	(1,203)					(1,203)
Purchase of stock, shares		(1,346,000)
Purchase of stock	(33,579)	$ (33,579)			(33,579)
Issuance of stock	5,886	$ 5,886			5,886
Issuance of stock (shares)		1,012,000
Stock-based compensation	18,045	$ 18,045			18,045
Tax benefit from exercise of stock options and vesting of restricted stock	$ 77	$ 77			77
Ending Balance, Shares at Apr. 30, 2017	56,938,000	56,938,000
Ending Balance at Apr. 30, 2017	$ 1,087,048	$ 692,527	$ 461,976	$ (71,064)	$ 1,083,439	$ 3,609

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Cash flows from operating activities:
Net income	$ 87,238	$ 31,433	$ 88,357
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	47,260	36,220	27,597
Stock-based compensation expense	18,958	18,895	13,899
Provision for doubtful accounts	12,987	8,570	7,741
Gain on cash surrender value of life insurance policies	(4,918)	(3,984)	(10,509)
(Gain) loss on marketable securities	(10,842)	3,333	(8,829)
Deferred income taxes	6,589	(13,792)	895
Change in other assets and liabilities, net of effect of acquisitions:
Deferred compensation	6,868	(4,605)	10,130
Receivables due from clients	(42,326)	(16,622)	(17,213)
Income taxes and other receivables	(10,177)	(191)	115
Prepaid expenses and other assets	(8,485)	(6,310)	(1,145)
Investment in unconsolidated subsidiaries	(333)	(1,631)	(2,181)
Income taxes payable	128	(4,222)	(10,405)
Accounts payable and accrued liabilities	5,420	18,862	17,790
Other	(2,303)	(1,875)	(8,966)
Net cash provided by operating activities	106,064	64,081	107,276
Cash flows from investing activities:
Cash paid for acquisitions, net of cash acquired and earnout	(2,880)	(256,082)	(15,296)
Acquisition of Mexico subsidiary, cash acquired		3,973
Purchase of property and equipment	(50,088)	(26,144)	(21,860)
Purchase of marketable securities	(10,536)	(30,397)	(22,843)
Proceeds from sales/maturities of marketable securities	42,815	30,066	21,362
Premiums on company-owned life insurance policies	(1,597)	(1,623)	(1,676)
Proceeds from life insurance policies	1,117	3,256	8,087
Dividends received from unconsolidated subsidiaries	564	2,373	1,656
Net cash used in investing activities	(20,605)	(274,578)	(30,570)
Cash flows from financing activities:
Proceeds from term loan facility	275,000	150,000
Principal payment on term loan facility	(155,469)	(10,000)
Payment of contingent consideration from acquisition	(1,070)
Repurchases of common stock	(28,821)
Payment of tax withholdings on restricted stock	(4,758)	(7,410)	(4,038)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan	5,121	4,038	2,993
Tax benefit related to stock-based compensation	77	4,908	1,516
Dividends - noncontrolling interest	(1,203)
Dividends paid to shareholders	(23,318)	(21,833)	(5,105)
Payments on life insurance policy loans	(1,117)	(1,251)	(3,301)
Net cash provided by (used in) financing activities	64,442	118,452	(7,935)
Effect of exchange rate changes on cash and cash equivalents	(12,271)	(15,541)	(21,650)
Net increase (decrease) in cash and cash equivalents	137,630	(107,586)	47,121
Cash and cash equivalents at beginning of year	273,252	380,838	333,717
Cash and cash equivalents at end of year	410,882	273,252	380,838
Supplemental cash flow information:
Cash used to pay interest	10,882	5,154	4,230
Cash used to pay income taxes, net of refunds	$ 32,458	$ 33,189	$ 40,899

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 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 professionals, recruitment process outsourcing and leadership & talent consulting services. Basis of Consolidation and Presentation The consolidated financial statements include the accounts of the Company and its wholly and majority owned/controlled domestic and international subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of the consolidated financial statements conform with United States (“U.S.”) generally accepted accounting principles (“GAAP”). The consolidated financial statements include all adjustments, consisting of normal recurring accruals and any other adjustments that management considers necessary for a fair presentation of the results for these periods. 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. Dividends received from our unconsolidated subsidiaries were approximately $0.6 million, $2.4 million and $1.7 million during fiscal 2017, 2016 and 2015, respectively. In the fourth quarter of fiscal 2016, we obtained control of our Mexico subsidiary and began to consolidate the operations. Noncontrolling interest in our Mexico subsidiary is reflected on the Company’s consolidated financial statements for fiscal 2017 and 2016. 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 professionals, recruitment process outsourcing, people and organizational advisory services and the sale of product services. Fee revenue from executive search activities and recruitment for non-executive professionals is generally one-third of the estimated first year compensation of the placed executive or non-executive professional, as applicable, plus a percentage of the fee to cover indirect engagement related expenses. The Company generally recognizes such revenue on a straight-line basis over a three-month period, commencing upon client acceptance, as this is the period over which the recruitment services are performed. Fees earned in excess of the initial contract amount are recognized upon completion of the engagement, which reflect the difference between the final actual compensation of the placed executive and the estimate used for purposes of the previous billings. Since the initial contract fees are typically not contingent upon placement of a candidate, our assumptions primarily relate to establishing the period over which such service is performed. These assumptions determine the timing of revenue recognition and profitability for the reported period. Any revenues associated with services that are provided on a contingent basis are recognized once the contingency is resolved. In addition to recruitment for non-executive professionals, Futurestep provides recruitment process outsourcing (“RPO”) services and fee revenue is recognized as services are rendered and/or as milestones are achieved. Fee revenue from Hay Group (formerly known as Leadership & Talent Consulting (“Legacy LTC”) which was combined with HG (Luxembourg) S.à.r.l (“Legacy Hay”) in December 2015) is recognized as services are rendered for consulting engagements and other time based services, measured by total hours incurred to the total estimated hours at completion. It is possible that updated estimates for the consulting engagement may vary from initial estimates with such updates being recognized in the period of determination. Depending on the timing of billings and services rendered, the Company accrues or defers revenue as appropriate. Hay Group revenue is also derived from the sale of product services, which includes revenue from licenses and from the sale of products. Revenue from licenses is recognized using a straight-line method over the term of the contract (generally 12 months). Under the fixed term licenses, the Company is obligated to provide the licensee with access to any updates to the underlying intellectual property that are made by the Company during the term of the license. Once the term of the agreement expires, the client’s right to access or use the intellectual property expires and the Company has no further obligations to the client under the license agreement. Revenue from perpetual licenses is recognized when the license is sold since the Company’s only obligation is to provide the client access to the intellectual property but is not obligated to provide maintenance, support, updates or upgrades. Products sold by the Company mainly consist of books and automated services covering a variety of topics including performance management, team effectiveness, and coaching and development. The Company recognizes revenue for its products when the product has been sold or shipped in the case of books. As of April 30, 2017 and 2016, the Company included deferred revenue of $95.8 million and $95.9 million, respectively, in other accrued liabilities. Reimbursements The Company incurs certain out-of-pocket expenses that are reimbursed by its clients, which are accounted for as revenue in its consolidated statements of income. 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 April 30, 2017 and 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. Such investments are based upon the employees’ investment elections in their deemed accounts in the Executive Capital Accumulation Plan and similar plans in Asia Pacific and Canada (“ECAP”) from a pre-determined set of securities and the Company invests in marketable securities to mirror these elections. These investments are recorded at fair value and are classified as marketable securities in the accompanying consolidated balance sheets. The investments that the Company may sell within the next twelve months are carried as current assets. Realized gains (losses) on marketable securities are determined by specific identification. Interest is recognized on an accrual basis, dividends are recorded as earned on the ex-dividend date. Interest, dividend income and the changes in fair value in trading securities are recorded in the accompanying consolidated statements of income in other income (loss), net. 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 April 30, 2017 and 2016, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash, cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts and at April 30, 2017 also included an interest rate swap. 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 or the interest rate swap are obtained from a third party, which are based on quoted prices or market prices for similar assets and financial instruments. Derivative Financial Instruments The Company is exposed to interest rate risk due to the outstanding senior secured credit agreement entered on June 15, 2016. The Company has entered into an interest rate swap agreement to effectively convert its variable debt to a fixed-rate basis. The principal objective of these contracts is to eliminate or reduce the variability of the cash flows in interest payments associated with the Company’s long-term debt, thus reducing the impact of interest rate changes on future interest payment cash flows. The Company has determined that the interest rate swap qualifies as a cash flow hedge in accordance with Accounting Standards Codification 815, Derivatives and Hedging 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 due to an increase in exposure to such risks as a result of the Legacy Hay 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 is 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 statement of income. 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 non-controlling 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. Property and Equipment, Net Property and equipment is carried at cost less accumulated depreciation. Leasehold improvements are amortized on a straight-line basis over the estimated useful life of the asset, or the lease term, whichever is shorter. Software development costs incurred for internal use projects are capitalized and, once placed in service, amortized using the straight-line method over the estimated useful life, generally three to seven years. All other property and equipment is depreciated or amortized on a straight-line basis over the estimated useful lives of three to ten years. The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. In fiscal 2017, 2016 and 2015, there were no such impairment charges recorded. 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, 2017, 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. There was also no indication of potential impairment during the fourth quarter of fiscal 2017 that would have required further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases, intellectual property and trademarks and are recorded at their estimated fair value at the date of acquisition and are amortized in a pattern in which the asset is consumed if that pattern can be reliably determined, or using the straight-line method over their estimated useful lives which range from one to 24 years. For intangible assets subject to amortization, an impairment loss is recognized if the carrying amount of the intangible assets is not recoverable and exceeds fair value. The carrying amount of the intangible assets is considered not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from use of the asset. Intangible assets with indefinite lives are not amortized, but are reviewed annually for impairment or more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than its carrying amount. As of April 30, 2017 and 2016, there were no indicators of impairment with respect to the Company’s intangible assets. Compensation and Benefits Expense Compensation and benefits expense in the accompanying consolidated statements of income 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/profitability metrics for Hay Group and Futurestep consultants), the level of engagements referred by a consultant 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/line of business 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 $179.6 million, $186.5 million and $166.4 million for the years ended April 30, 2017, 2016 and 2015, respectively, included in compensation and benefits expense in the consolidated statements of income. 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. Deferred Compensation and Pension Plans For financial accounting purposes, the Company estimates the present value of the future benefits payable under the deferred compensation and pension plans as of the estimated payment commencement date. The Company also estimates the remaining number of years a participant will be employed by the Company. Then, each year during the period of estimated employment, the Company accrues a liability and recognizes expense for a portion of the future benefit using the unit credit cost method for Senior Executive Incentive Plan (“SEIP”), Wealth Accumulation Plan (“WAP”), Enhanced Wealth Accumulation Plan (“EWAP”) and the Worldwide Executive Benefit Plan (“WEB”) and the pension plan acquired under Legacy Hay, while the medical and life insurance plan uses the projected unit credit cost method. The amounts charged to operations are made up of service and interest costs and the expected return on plan assets. Actuarial gains and losses are initially recorded in accumulated other comprehensive income (loss). The actuarial gains/losses included in accumulated other comprehensive income are amortized to the consolidated statements of income, if at the beginning of the year, the amount exceeds 10% of the greater of the projected benefit obligation and market-related plan assets. The amortization included in periodic benefit cost is divided by the average remaining service of inactive plan participants, or the period for which benefits will be paid, if shorter. The expected return on plan assets takes into account the current fair value of plan assets and reflects the Company’s estimate for trust asset returns given the current asset allocation and any expected changes to the asset allocation and current and future market conditions. In calculating the accrual for future benefit payments, management has made assumptions regarding employee turnover, participant vesting, violation of non-competition provisions and the discount rate. Management periodically reevaluates all assumptions. If assumptions change in future reporting periods, the changes may impact the measurement and recognition of benefit liabilities and related compensation expense. Executive Capital Accumulation Plan The Company, under its deferred compensation plans, makes discretionary contributions and such contributions may be granted to key employees annually based on the employee’s performance. Certain key management may also receive Company contributions upon commencement of employment. The Company amortizes these contributions on a straight-line basis as they vest, generally over a four to five year period. The amounts that are expected to be paid to employees over the next 12 months are classified as a current liability included in compensation and benefits payable in the accompanying consolidated balance sheet. 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. Cash Surrender Value of Life Insurance The Company purchased COLI policies or contracts insuring the lives of certain employees eligible to participate in certain of the deferred compensation and pension plans as a means of funding benefits under such plans. The Company purchased both fixed and variable life insurance contracts and does not purchase “split-dollar” life insurance policy contracts. The Company historically has had both contracts or policies that provide for a fixed or guaranteed rate of return and a variable rate of return depending on the return of the policies’ investment in their underlying portfolio in equities and bonds. Beginning in fiscal 2017 the Company currently only holds contracts or policies that provide for a fixed or guaranteed rate of return. The CSV of these COLI contracts are carried at the amounts that would be realized if the contract were surrendered at the balance sheet date, net of the outstanding loans from the insurer. The Company has the intention and ability to continue to hold these COLI policies and contracts. Additionally, the loans secured by the policies do not have any scheduled payment terms and the Company also does not intend to repay the loans outstanding on these policies until death benefits under the policy have been realized. Accordingly, the investment in COLI is classified as long-term in the accompanying consolidated balance sheet. The change in the CSV of COLI contracts, net of insurance premiums paid and gains realized, is reported in compensation and benefits expense. As of April 30, 2017 and 2016, the Company held contracts with gross CSV of $180.3 million and $175.7 million, offset by outstanding policy loans of $67.2 million and $68.4 million, respectively. If the issuing insurance companies were to become insolvent, the Company would be considered a general creditor for $61.3 million and $55.9 million of net CSV as of April 30, 2017 and 2016, respectively; therefore, these assets are subject to credit risk. Management, together with its outside advisors, routinely monitors the claims paying abilities of these insurance companies. 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 include one-time employee termination benefits and cost to terminate leases, including remaining lease payments. Changes in the estimates of the restructuring charges are recorded in the period the change is determined. 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. Translation of Foreign Currencies Generally, financial results of the Company’s foreign subsidiaries are measured in their local currencies. Assets and liabilities are translated into U.S. dollars at exchange rates in effect at the balance sheet date, while revenue and expenses are translated at weighted-average exchange rates during the fiscal year. Resulting translation adjustments are recorded as a component of accumulated comprehensive income. Gains and losses from foreign currency transactions of the Company’s foreign subsidiaries and the translation of the financial results of subsidiaries operating in highly inflationary economies are included in general and administrative expense in the period incurred. Foreign currency gains, on an after tax basis, included in net income were $0.2 million during fiscal 2017. Foreign currency losses, on an after tax basis, included in net income were $8.7 million and $1.6 million during fiscal 2016 and 2015, respectively. On February 17, 2016, the Venezuelan government announced a devaluation of the Bolivar, from the official exchange rate of 6.3 Bolivars per USD to 10.0 Bolivars per USD, and streamlined the previous three-tiered currency exchange mechanism into a dual currency exchange mechanism. The weaker of the two rates is a free-floating exchange rate that at the time of its introduction, sold dollars at approximately 200 Bolivars per USD. The economic and political environment in Venezuela has continued to deteriorate and the currency exchange restrictions have become more onerous. The Company had used the previously prevailing official exchange rate of 6.3 Bolivars per USD to re-measure our Venezuelan subsidiary’s financial statements in previous periods, but after careful consideration, at the time of the devaluation, the Company decided to adopt the free-floating exchange rate during the fourth quarter of fiscal 2016 as it more appropriately reflects the ability to convert Bolivars to U.S. dollars given the deteriorating environment in Venezuela. The devaluation of the Bolivar to approximately 260 Bolivars per USD resulted in a pre-tax charge of $13.7 million, or diluted loss per share of $0.26 during fiscal 2016. In fiscal 2017, the Bolivar continued to weaken but did not materially impact our results of operations. Income Taxes There are two components of income tax expense: current and deferred. Current income tax expense (benefit) approximates taxes to be paid or refunded for the current period. Deferred income tax expense (benefit) results from changes in deferred tax assets and liabilities between periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences in the basis of assets and liabilities as measured by tax laws and their basis as reported in the consolidated financial statements. Deferred tax assets are also recognized for tax attributes such as net operating loss carryforwards and tax credit carryforwards. Deferred tax assets and deferred tax liabilities are presented net on the consolidated balance sheets by tax jurisdiction. Valuation allowances are then recorded to reduce deferred tax assets to the amounts management concludes are more likely than not to be realized. Income tax benefits are recognized and measured based upon a two-step model: (1) a tax position must be more-likely-than-not to be sustained based solely on its technical merits in order to be recognized and (2) the benefit is measured as the largest dollar amount of that position that is more-likely-than-not to be sustained upon settlement. The difference between the benefit recognized for a position and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit. The Company records income tax related interest and penalties within income tax expense. Concentration of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, investments, foreign currency forward contracts, interest rate swap, receivables due from clients and net CSV due from insurance companies, which are discussed above. Cash equivalents include investments in money market securities while investments include mutual funds and corporate bonds. Investments are diversified throughout many industries and geographic regions. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. At April 30, 2017 and 2016, the Company had no other significant credit concentrations. 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. The adoption did not have a material impact on the consolidated financial statements as of April 30, 2016. 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 custome

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Share	12 Months Ended
	Apr. 30, 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 rights to dividends prior to vesting as a separate class of securities in calculating earnings per share. We have granted and expect to continue to grant to certain employees under our restricted stock agreements, grants that contain non-forfeitable rights to dividends. Such grants are considered participating securities. Therefore, we are required to apply the two-class method in calculating earnings per share. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The dilutive effect of participating securities is calculated using the more dilutive of the treasury method or the two-class method. Basic earnings per common share was computed using the two-class method by dividing basic net earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share was computed using the two-class method by dividing diluted net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. Financial instruments that are not in the form of common stock, but when converted into common stock increase earnings per share are anti-dilutive, and are not included in the computation of diluted earnings per share. During fiscal 2017, 2016 and 2015, restricted stock awards of 0.5 million shares, 0.6 million shares and 0.5 million shares, respectively, were outstanding 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: Year Ended April 30, 2017 2016 2015 (in thousands, except per share data) Net income attributable to Korn/Ferry International $ 84,181 $ 30,913 $ 88,357 Less: distributed and undistributed earnings to nonvested restricted stockholders 765 280 860 Basic net earnings attributable to common stockholders 83,416 30,633 87,497 Add: undistributed earnings to nonvested restricted stockholders 560 82 815 Less: reallocation of undistributed earnings to nonvested restricted stockholders 553 81 804 Diluted net earnings attributable to common stockholders $ 83,423 $ 30,634 $ 87,508 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 56,205 52,372 49,052 Effect of dilutive securities: Restricted stock 646 487 605 Stock options 24 50 105 ESPP 25 20 4 Diluted weighted-average number of common shares outstanding 56,900 52,929 49,766 Net earnings per common share: Basic earnings per share $ 1.48 $ 0.58 $ 1.78 Diluted earnings per share $ 1.47 $ 0.58 $ 1.76

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Apr. 30, 2017
Comprehensive Income (Loss)	3. Comprehensive Income (Loss) Comprehensive income (loss) is comprised of net income 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. Accumulated comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity. The components of accumulated other comprehensive loss were as follows: April 30, 2017 2016 (in thousands) Foreign currency translation adjustments $ (55,359 ) $ (36,339 ) Deferred compensation and pension plan adjustments, net of taxes (15,127 ) (21,572 ) Interest rate swap unrealized loss, net of taxes (578 ) — Accumulated other comprehensive loss, net $ (71,064 ) $ (57,911 ) The following table summarizes the changes in each component of accumulated other comprehensive (loss) income: Foreign Deferred Unrealized Unrealized Accumulated (in thousands) Balance as of May 1, 2014 $ 15,604 $ (18,006 ) $ 14 $ — $ (2,388 ) Unrealized losses arising during the period (36,523 ) (3,589 ) (10 ) — (40,122 ) Reclassification of realized net losses to net income — 1,887 — — 1,887 Balance as of April 30, 2015 (20,919 ) (19,708 ) 4 — (40,623 ) Unrealized losses arising during the period (15,420 ) (3,653 ) (4 ) — (19,077 ) Reclassification of realized net losses to net income — 1,789 — — 1,789 Balance as of April 30, 2016 (36,339 ) (21,572 ) — — (57,911 ) Unrealized (losses) gains arising during the period (19,020 ) 4,584 — (635 ) (15,071 ) Reclassification of realized net losses to net income — 1,861 — 57 1,918 Balance as of April 30, 2017 $ (55,359 ) $ (15,127 ) $ — $ (578 ) $ (71,064 ) (1) The tax effects on unrealized gains (losses) were $1.9 million, $(2.3) million and $(2.3) million as of April 30, 2017, 2016 and 2015, respectively. The tax effects on reclassifications of realized net losses were $1.2 million, $1.1 million and $1.2 million as of April 30, 2017, 2016 and 2015, respectively. (2) The tax effects on unrealized (losses) were $(0.4) million as of April 30, 2017.

Employee Stock Plans

Employee Stock Plans	12 Months Ended
	Apr. 30, 2017
Employee Stock Plans	4. 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 income for the periods indicated: Year Ended April 30, 2017 2016 2015 (in thousands) Restricted stock $ 18,045 $ 18,288 $ 13,602 ESPP 913 590 162 Stock options — 17 135 Total stock-based compensation expense, pre-tax 18,958 18,895 13,899 Tax benefit from stock-based compensation expense (4,756 ) (7,347 ) (3,893 ) Total stock-based compensation expense, net of tax $ 14,202 $ 11,548 $ 10,006 Stock Incentive Plan 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 Third A&R 2008 Plan”), which among other things, increased the number of shares under the plan by 5,500,000, 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 stock 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 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 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 is summarized below: April 30, 2017 2016 2015 Shares Weighted- Shares Weighted- Shares Weighted- Average (in thousands, except per share data) Non-vested, beginning of year 1,506 $ 34.12 1,560 $ 22.15 1,880 $ 18.95 Granted 852 $ 17.43 784 $ 39.19 438 $ 29.93 Vested (751 ) $ 24.15 (809 ) $ 16.35 (705 ) $ 18.52 Forfeited/expired (26 ) $ 26.80 (29 ) $ 23.38 (53 ) $ 21.13 Non-vested, end of year 1,581 $ 29.74 1,506 $ 34.12 1,560 $ 22.15 As of April 30, 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 $5.3 million and $5.4 million, respectively. As of April 30, 2017, there was $27.1 million of total unrecognized compensation cost related to all non-vested awards of restricted stock, which is expected to be recognized over a weighted-average period of 2.4 years. During fiscal 2017 and fiscal 2016, 205,440 shares and 215,453 shares of restricted stock totaling $4.8 million and $7.4 million, respectively, were repurchased by the Company, at the option of the employee, to pay for taxes related to vesting of restricted stock. 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. The ESPP was suspended during the second half of fiscal 2012 until January 1, 2015. As a result, no shares were purchased during fiscal 2015. On January 1, 2015, the Company resumed the ESPP program with the first purchase of shares made in the first quarter of fiscal 2016. During fiscal 2017 and 2016, employees purchased 207,141 shares at $20.93 per share and 95,135 shares at $28.83 per share, respectively. As of April 30, 2017, the ESPP had approximately 1.3 million shares remaining available for future issuance. Common Stock During fiscal 2017, 2016 and 2015, the Company issued 53,955 shares, 87,648 shares and 178,950 shares of common stock, respectively, as a result of the exercise of stock options, with cash proceeds from the exercise of $0.8 million, $1.3 million and $3.0 million, respectively. During fiscal 2017, the Company repurchased 1,140,576 shares of the Company’s common stock for $28.8 million. No shares were repurchased during fiscal 2016 and 2015, other than to satisfy minimum tax withholding requirements upon the vesting of restricted stock as described above.

Financial Instruments

Financial Instruments	12 Months Ended
	Apr. 30, 2017
Financial Instruments	5. Financial Instruments The following tables show the Company’s financial instruments and balance sheet classification as of April 30, 2017 and 2016: April 30, 2017 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 409,824 $ — $ — $ 409,824 $ 409,824 $ — $ — $ — Money market funds 1,058 — — 1,058 1,058 — — — Mutual funds (1) 113,818 6,697 (578 ) 119,937 — 4,363 115,574 — Total $ 524,700 $ 6,697 $ (578 ) $ 530,819 $ 410,882 $ 4,363 $ 115,574 $ — Level 2: Foreign currency forward contracts $ — $ 129 $ (846 ) $ (717 ) $ — $ — $ — $ (717 ) Interest rate swap $ — $ — $ (947 ) $ (947 ) $ — $ — $ — $ (947 ) 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 $ 269,558 $ — $ — $ 269,558 $ 269,558 $ — $ — $ — Money market funds 3,694 — — 3,694 3,694 — — — 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 ) Interest rate swap $ — $ — $ — $ — $ — $ — $ — $ — (1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $137.1 million and $138.8 million as of April 30, 2017 and 2016, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans Investments in marketable securities classified as trading are based upon investment selections the employee elects from a pre-determined set of securities in the ECAP and the Company invests in marketable securities to mirror these elections. As of April 30, 2017 and 2016, the Company’s investments in marketable securities classified as trading consist of mutual funds for which market prices are readily available. Investments in marketable securities classified as available-for-sale securities are made based on the Company’s investment policy, which restricts the types of investments that can be made. As of April 30, 2017 and April 30, 2016, the Company does not hold marketable securities classified as available-for-sale. During fiscal 2016 and 2015, the Company received $13.1 million and $5.0 million, respectively, in proceeds from maturities of available-for-sale marketable securities. Designated Derivatives - Interest Rate Swap Agreement In March 2017, the Company entered into an interest rate swap contract with a notional amount $129.8 million, designated as a cash flow hedge, to hedge the variability to changes in cash flows attributable to interest rate risks caused by changes in interest rates related to its variable rate debt. The notional amount will be amortized so that the amount is always half of the principal balance of the debt outstanding. The interest rate swap agreement matures on June 15, 2021 and locks the interest rates on half the debt outstanding at 1.919%, exclusive of the credit spread on the debt. The fair value of the derivative designated as a cash flow hedge instrument is as follows: April 30, 2017 (in thousands) Derivative liability: Interest rate swap contract $ 947 During fiscal 2017, the Company recognized the following losses on the interest rate swap: April 30, 2017 (in thousands) Losses recognized in OCI (net of tax effects of $406) $ 635 Losses reclassified from AOCI into interest income (expense), net (94 ) As the critical terms of the hedging instrument and the hedged forecasted transaction are the same, the Company has concluded the changes in the fair value or cash flows attributable to the risk being hedged are expected to completely offset at inception and on an ongoing basis. We estimate that $0.8 million of derivative losses included in AOCI as of April 30, 2017 will be reclassified into other expense within the following 12 months. The cash flows related to interest rate swap contracts are included in net cash provided by operating activities. Non-Designated Derivatives The fair value of derivatives not designated as hedge instruments are as follows: April 30, 2017 2016 (in thousands) Derivative assets: Foreign currency forward contracts $ 129 $ 324 Derivative liabilities: Foreign currency forward contracts 846 1,041 As of April 30, 2017, the total notional amounts of the forward contracts purchased and sold were $19.4 million and $70.0 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 fiscal 2017, the Company incurred gains of $0.6 million related to forward contracts while in fiscal 2016 it incurred losses of $1.8 million which is recorded in general and administrative expenses in the accompanying consolidated statements of income. The cash flows related to foreign currency forward contracts are included in cash flows from operating activities in the accompanying statements of cash flow.

Deferred Compensation and Retir

Deferred Compensation and Retirement Plans	12 Months Ended
	Apr. 30, 2017
Deferred Compensation and Retirement Plans	6. 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. The total benefit obligations for these plans were as follows: Year Ended April 30, 2017 2016 (in thousands) Deferred compensation and pension plans $ 95,596 $ 99,699 Medical and Life Insurance plan 12,147 13,006 International retirement plans 12,021 15,678 Executive Capital Accumulation Plan 111,584 105,676 Total benefit obligation 231,348 234,059 Less: current portion of benefit obligation (11,443 ) (17,946 ) Non-current benefit obligation $ 219,905 $ 216,113 Deferred Compensation and Pension Plans The Enhanced Wealth Accumulation Plan (“EWAP”) was established in fiscal 1994, which replaced the Wealth Accumulation Plan (“WAP”). Certain vice presidents elected to participate in a “deferral unit” that required the participant to contribute a portion of their compensation for an eight year period, or in some cases, make an after tax contribution, in return for defined benefit payments from the Company over a fifteen year period at retirement age of 65 or later. Participants were able to acquire additional “deferral units” every five years. Vice presidents who did not choose to roll over their WAP units into the EWAP continue to be covered under the earlier version in which participants generally vest and commence receipt of benefit payments at retirement age of 65. In June 2003, the Company amended the EWAP and WAP, so as not to allow new participants or the purchase of additional deferral units by existing participants. The Company also maintains a Senior Executive Incentive Plan (“SEIP”) for participants approved by the Board. Generally, to be eligible, the vice president must be participating in the EWAP. Participation in the SEIP required the participant to contribute a portion of their compensation during a four-year period, or in some cases make an after tax contribution, in return for a defined benefit paid by the Company generally over a fifteen year period after ten years of participation in the plan or such later date as elected by the participant. In June 2003, the Company amended the SEIP, so as not to allow new participants or the purchase of additional deferral units by existing participants. The Company has a defined benefit pension plan, referred to as the Worldwide Executive Benefit (“WEB”), covering certain executives in the U.S. and foreign countries. The WEB is designed to integrate with government sponsored and local benefits and provide a monthly benefit to vice presidents upon retirement from the Company. Each year a plan participant accrued and was fully vested in one-twentieth of the targeted benefits expressed as a percentage set by the Company for that year. Upon retirement, a participant receives a monthly benefit payment equal to the sum of the percentages accrued over such participant’s term of employment, up to a maximum of 20 years, multiplied by the participant’s highest average monthly salary during the 36 consecutive months in the final 72 months of active full-time employment through June 2003. In June 2003, the Company froze the WEB, so as to not allow new participants, future accruals and future salary increases. In conjunction with the acquisition of Legacy Hay on December 1, 2015, the Company acquired multiple pension and savings plans covering certain of its employees worldwide. Among these plans is a defined benefit pension plan for certain 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. On July 8, 2016, the Company established the Long Term Performance Unit Plan (“LTPU Plan”) in order to promote the success of the Company by providing a select group of management and highly compensated employees with nonqualified supplemental retirement benefits as an additional means to attract, motivate and retain such employee. A unit award has a base value of $50,000 for the purpose of determining the payment that would be made upon early termination for a partially vested unit awards. The units vest 25% on each anniversary date with the unit becoming fully vested on the fourth anniversary of the grant date, subject to the participant’s continued service as of each anniversary date. Each vested unit award will pay out an annual benefit of $25,000 for each of five years commencing on the seventh anniversary of the grant date. Deferred Compensation and Pension Plans The following tables reconcile the benefit obligation for the deferred compensation plans: Year Ended April 30, 2017 2016 2015 (in thousands) Change in benefit obligation: Benefit obligation, beginning of year $ 124,566 $ 89,138 $ 86,577 Service cost 5,507 — — Interest cost 3,820 3,423 2,989 Actuarial (gain) loss (4,791 ) 4,393 5,864 Acquisitions — 39,079 — Settlements — (4,799 ) — Benefits paid from plan assets (1,884 ) (595 ) — Benefits paid from cash (6,176 ) (6,073 ) (6,292 ) Benefit obligation, end of year 121,042 124,566 89,138 Change in fair value of plan assets: Fair value of plan assets, beginning of year 24,867 — — Actual return on plan assets 2,463 (78 ) — Benefits paid from plan assets (1,884 ) (595 ) — Acquisitions — 25,540 — Fair value of plan assets, end of year 25,446 24,867 — Funded status and balance, end of year (1) $ (95,596 ) $ (99,699 ) $ (89,138 ) Current liability $ 6,182 $ 5,845 $ 5,832 Non-current liability 89,414 93,854 83,306 Total liability $ 95,596 $ 99,699 $ 89,138 Plan Assets - weighted-average asset allocation: Equity securities 54 % 64 % — % Debt securities 46 % 31 % — % Other — % 5 % — % Total 100 % 100 % — % (1) 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. As of April 30, 2017, 2016 and 2015, the Company held contracts with gross CSV of $180.3 million, $175.7 million and $172.3 million, offset by outstanding policy loans of $67.2 million, $68.4 million and $69.6 million, respectively. The fair value measurements of the defined benefit plan assets fall within the following levels of the fair value hierarchy as of April 30, 2017 and 2016: Level 1 Level 2 Level 3 Total (in thousands) April 30, 2017: Mutual funds $ — $ 25,446 $ — $ 25,446 Common stock — — — — Corporate and municipal bonds — — — — U.S. Treasury and agency securities — — — — Money market funds — — — — Total $ — $ 25,446 $ — $ 25,446 April 30, 2016: Mutual funds $ 7,990 $ — $ — $ 7,990 Common stock 7,910 — — 7,910 Corporate and municipal bonds — 5,597 — 5,597 U.S. Treasury and agency securities — 2,055 — 2,055 Money market funds 1,315 — — 1,315 Total $ 17,215 $ 7,652 $ — $ 24,867 Plan assets are invested in various asset classes that are expected to produce a sufficient level of diversification and investment return over the long term. The investment goal is a return on assets that is at least equal to the assumed actuarial rate of return over the long term within reasonable and prudent levels of risk. Investment policies reflect the unique circumstances of the respective plans and include requirements designed to mitigate risk including quality and diversification standards. Asset allocation targets are reviewed periodically with investment advisors to determine the appropriate investment strategies for acceptable risk levels. Our target allocation ranges are as follows: equity securities 50% to 70%, debt securities 30% to 50% and other assets of 0% to 10%. We establish our estimated long-term The components of net periodic benefits costs are as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Service cost $ 5,507 $ — $ — Interest cost 3,820 3,423 2,989 Amortization of actuarial loss 3,051 2,924 3,050 Expected return on plan assets (1,559 ) (682 ) — Net periodic benefit cost $ 10,819 $ 5,665 $ 6,039 The weighted-average assumptions used in calculating the benefit obligations were as follows: Year Ended April 30, 2017 2016 2015 Discount rate, beginning of year 3.18 % 3.28 % 3.60 % Discount rate, end of year 3.57 % 3.18 % 3.28 % Rate of compensation increase 0.00 % 0.00 % 0.00 % Expected long-term rates of return on plan assets 6.50 % 6.50 % — % At April 30, 2017, the Company elected to change the method it uses to estimate the interest and service components of net periodic cost for its defined benefit pension and supplemental benefit plans, which will impact the estimate of net periodic cost beginning in fiscal 2018. The Company will utilize a full yield curve approach in the estimation of these components by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. Previously, the Company estimated the interest and service cost components utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. This change compared to the previous method will impact the interest and service components of net periodic cost in future periods. The Company made this change to provide a more precise measurement of interest and service costs by improving the correlation between projected benefit cash flows to the corresponding spot yield curve rates. This change does not affect the measurement of the total benefit obligation as the change in the interest and service costs is offset in net actuarial gains and losses. The impact to interest and service costs is not expected to be significant. The Company will account for this change prospectively as a change in accounting estimate. Benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as follows: Year Ending April 30, Deferred Retirement (in thousands) 2018 $ 8,906 2019 9,148 2020 9,653 2021 9,163 2022 9,122 2023-2027 83,403 During fiscal 2018, the Company expects to recognize $2.3 million in net periodic benefit expense from deferred compensation and pension plans that will be transferred from accumulated other comprehensive income through the amortization of actuarial losses in the consolidated statements of income. Medical and Life Insurance In conjunction with the acquisition of Legacy Hay on December 1, 2015, the Company inherited a benefit plan which offers medical and life insurance coverage to approximately 190 participants. Medical and life insurance benefit plans are unfunded. The following table reconciles the benefit obligation for the medical and life insurance plan: Year End April 30, 2017 2016 (in thousands) Change in benefit obligation: Benefit obligation, beginning of year $ 13,006 $ — Acquisitions — 12,322 Service cost 155 62 Interest cost 426 208 Actuarial (gain) loss (833 ) 816 Benefits paid (607 ) (402 ) Benefit obligation, end of year $ 12,147 $ 13,006 Current liability $ 765 $ 673 Non-current liability 11,382 12,333 Total liability $ 12,147 $ 13,006 The components of net periodic benefits costs are as follows: Year Ended April 30, 2017 2016 (in thousands) Service cost $ 155 $ 62 Interest cost 426 208 Net periodic benefit cost $ 581 $ 270 The weighted-average assumptions used in calculating the Medical and Life Insurance plan were as follows: Year Ended April 30, 2017 2016 Discount rate, beginning of year or acquisition date 3.36 % 4.10 % Discount rate, end of year 3.75 % 3.36 % Healthcare care cost trend rate 7.00 % 7.00 % Benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as follows: Year Ending April 30, Medical and Life (in thousands) 2018 $ 770 2019 781 2020 804 2021 820 2022 828 2023-2027 4,102 The current health care cost trend rate assumption is 7.0%. We anticipate that the health care cost trend rate assumption will be 5.0% by fiscal 2022. Increasing the assumed health care cost trend rate by one-percentage point would increase the accumulated postretirement benefit obligation for the medical and life insurance plan by less than $0.1 million. Decreasing the assumed health care cost trend rate by one-percentage point would decrease the accumulated postretirement benefit obligation for the medical and life insurance plan by less than $0.1 million. International Retirement Plans The Company also maintains various retirement plans and other miscellaneous deferred compensation arrangements in 21 foreign jurisdictions. The aggregate of the long-term benefit obligation accrued at April 30, 2017 and 2016 is $12.0 million for 1,710 participants and is $15.4 million for 1,450 participants, respectively. The Company’s contribution to these plans was $9.3 million and $5.1 million in fiscal 2017 and 2016, respectively. Executive Capital Accumulation Plan The Company’s ECAP is intended to provide certain employees an opportunity to defer salary and/or bonus on a pre-tax basis or make an after-tax contribution. In addition, the Company, as part of its compensation philosophy, makes discretionary contributions into the ECAP and such contributions may be granted to key employees annually based on the employee’s performance. Certain key management may also receive Company ECAP contributions upon commencement of employment. The Company amortizes these contributions on a straight-line basis over the service period, generally a four to five year period. Participants have the ability to allocate their deferrals among a number of investment options and may receive their benefits at termination, retirement or ‘in service’ either in a lump sum or in quarterly installments over one to 15 years. The ECAP amounts that are expected to be paid to employees over the next 12 months are classified as a current liability included in compensation and benefits payable on the accompanying balance sheet. The Company issued ECAP awards during fiscal 2017, 2016 and 2015, of $6.2 million, $23.2 million and $19.1 million, respectively. 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 fiscal 2017 and 2015, the deferred compensation liability increased; therefore, the Company recognized compensation expense of $10.6 million and $5.9 million, respectively. Offsetting the increases in compensation and benefits liability was an increase in the fair value of marketable securities classified as trading (held in trust to satisfy obligations of the ECAP liabilities) of $10.8 million and $8.8 million in fiscal 2017 and 2015, respectively, recorded in other income (loss), net on the consolidated statements of income. During fiscal 2016, the deferred compensation liability decreased; therefore, the Company recognized a credit to compensation expense of $1.7 million, offset by a decrease in the fair value of marketable securities classified as trading (held in trust to satisfy obligations of the ECAP liabilities) of $3.3 million, recorded in other income (loss), net on the consolidated statements of income. Changes in the ECAP liability were as follows: Year Ended April 30, 2017 2016 (in thousands) Balance, beginning of year $ 105,676 $ 99,461 Employee contributions 5,349 7,015 Amortization of employer contributions 13,667 16,439 Gain (loss) on investment 10,565 (1,654 ) Employee distributions (23,044 ) (15,201 ) Exchange rate fluctuations (629 ) (384 ) Balance, end of year 111,584 105,676 Less: current portion (4,496 ) (11,092 ) Non-current portion $ 107,088 $ 94,584 As of April 30, 2017 and 2016, the unamortized portion of the Company contributions to the ECAP was $25.5 million and $33.2 million, respectively. Defined Contribution Plan The Company has a defined contribution plan (“401(k) plan”) for eligible employees. Participants may contribute up to 50% of their base compensation as defined in the plan agreement. In addition, the Company has the option to make matching contributions. The Company intends to make matching contributions related to fiscal 2017 in fiscal 2018. The Company made a $1.8 million matching contribution in fiscal 2017 related to contributions made by employees in fiscal 2016 and a $1.7 million matching contribution in fiscal 2016 related to contributions made by employees in fiscal 2015. Company Owned Life Insurance 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. The gross CSV of these contracts of $180.3 million and $175.7 million as of April 30, 2017 and 2016, respectively, is offset by outstanding policy loans of $67.2 million and $68.4 million in the accompanying consolidated balance sheets as of April 30, 2017 and 2016, respectively. Total death benefits payable, net of loans under COLI contracts, were $220.6 million and $216.7 million at April 30, 2017 and 2016, respectively. Management intends to use the future death benefits from these insurance contracts to fund the deferred compensation and pension arrangements; however, there may not be a direct correlation between the timing of the future cash receipts and disbursements under these arrangements. The CSV value of the underlying COLI investments increased by $4.9 million, $4.0 million and $10.5 million during fiscal 2017, 2016 and 2015, respectively, recorded as a decrease in compensation and benefits expense. In addition, certain policies are held in trusts to provide additional benefit security for the deferred compensation and pension plans. As of April 30, 2017, COLI contracts with a net CSV of $59.5 million and death benefits, net of loans, of $99.9 million were held in trust for these purposes.

Restructuring Charges, Net

Restructuring Charges, Net	12 Months Ended
	Apr. 30, 2017
Restructuring Charges, Net	7. Restructuring Charges, Net During fiscal 2016, the Company implemented a restructuring plan in order to rationalize its cost structure by eliminating redundant positions and consolidating office space due to the acquisition of Legacy Hay on December 1, 2015. This resulted in restructuring charges, net of $33.0 million in fiscal 2016, of which $32.1 million related to severance and $0.9 million, related to consolidation/abandonment of premises. 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 $34.6 million in fiscal 2017 of which $16.0 million related to severance and $18.6 million related to consolidation of premises. During fiscal 2015, the Company took actions to rationalize its cost structure as a result of efficiencies obtained from prior year technology investments that enabled further integration of the legacy business and the recent acquisitions (PDI and Global Novations, LLC) as well as other cost saving initiatives. This resulted in restructuring charges, net of $9.5 million against operations in fiscal 2015, of which $9.2 million related to severance and $0.3 million, related to consolidation/abandonment of premises. Changes in the restructuring liability were as follows: Severance Facilities Total (in thousands) Liability as of April 30, 2015 $ 375 $ 771 $ 1,146 Restructuring charges, net 32,151 862 33,013 Reductions for cash payments (25,625 ) (834 ) (26,459 ) Non-cash items (1,752 ) (91 ) (1,843 ) Exchange rate fluctuations 144 (39 ) 105 Liability as of April 30, 2016 5,293 669 5,962 Restructuring charges, net 15,963 18,637 34,600 Reductions for cash payments (14,974 ) (8,703 ) (23,677 ) Non-cash items — (2,024 ) (2,024 ) Exchange rate fluctuations (941 ) (225 ) (1,166 ) Liability as of April 30, 2017 $ 5,341 $ 8,354 $ 13,695 As of April 30, 2017 and 2016, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $4.6 million and $0.6 million, respectively, of facilities costs which primarily relate to commitments under operating leases, net of estimated sublease income, which are included in other long-term liabilities. The restructuring liability by segment is summarized below: April 30, 2017 Severance Facilities Total (in thousands) Executive Search North America $ 134 $ 250 $ 384 Europe, Middle East and Africa (“EMEA”) 393 — 393 Asia Pacific — 6 6 Latin America — 87 87 Total Executive Search 527 343 870 Hay Group 4,814 7,879 12,693 Futurestep — 132 132 Liability as of April 30, 2017 $ 5,341 $ 8,354 $ 13,695 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

Income Taxes

Income Taxes	12 Months Ended
	Apr. 30, 2017
Income Taxes	8. Income Taxes The provision for income taxes is based on reported income before income taxes. Deferred income tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and the amounts recognized for tax purposes, as measured by applying the currently enacted tax laws. The provision (benefit) for domestic and foreign income taxes was as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Current income taxes: Federal $ (2,026 ) $ 13,087 $ 16,569 State 1,207 3,271 2,412 Foreign 23,334 16,394 13,650 Current provision for income taxes 22,515 32,752 32,631 Deferred income taxes: Federal 3,341 (5,334 ) 3,140 State 341 (1,838 ) (239 ) Foreign 2,907 (6,620 ) (2,006 ) Deferred provision (benefit) for income taxes 6,589 (13,792 ) 895 Total provision for income taxes $ 29,104 $ 18,960 $ 33,526 The domestic and foreign components of income from continuing operations before domestic and foreign income and other taxes and equity in earnings of unconsolidated subsidiaries were as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Domestic $ 5,539 $ 22,228 $ 65,885 Foreign 110,470 26,534 53,817 Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries $ 116,009 $ 48,762 $ 119,702 The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows: Year Ended April 30, 2017 2016 2015 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % Non-deductible transaction costs — 5.8 — Foreign tax rates differential (9.1 ) (2.8 ) (4.2 ) COLI increase, net (1.5 ) (2.9 ) (3.1 ) Conclusion of U.S. federal tax audit — (4.4 ) — Non-deductible operating expenses 0.6 1.5 0.5 Devaluation of Venezuelan currency — 7.4 — Change in valuation allowance (3.1 ) (6.2 ) — Change in uncertain tax positions — 1.3 (0.1 ) Foreign source income, net of credits generated (0.1 ) 0.5 0.4 Other 3.3 3.7 (0.5 ) Effective income tax rate 25.1 % 38.9 % 28.0 % The lower effective tax rate in fiscal 2017 was due primarily to a higher percentage of taxable income arising in jurisdictions with lower statutory tax rates. The effective tax rate in fiscal 2016 was higher largely due to the impact of non-deductible expenses incurred in connection with the acquisition of Legacy Hay and non-deductible charges related to the devaluation of the Venezuelan currency. In both fiscal 2017 and 2016, the Company recorded an income tax benefit from the reversal of valuation allowances previously recorded against deferred tax assets, including net operating losses, of certain foreign subsidiaries that have returned to profitability and are now more-likely-than-not to realize those deferred tax assets. Components of deferred tax assets and liabilities are as follows: April 30, 2017 2016 (in thousands) Deferred tax assets: Deferred compensation $ 92,043 $ 91,712 Loss and credit carryforwards 32,854 31,023 Reserves and accruals 14,095 14,189 Deferred rent 9,797 7,684 Deferred revenue 2,434 11,464 Allowance for doubtful accounts 1,705 1,431 Other 3,041 5,002 Gross deferred tax assets 155,969 162,505 Deferred tax liabilities: Intangibles (90,214 ) (94,284 ) Property and equipment (11,507 ) (10,603 ) Prepaid expenses (17,324 ) (12,698 ) Other (2,485 ) (815 ) Gross deferred tax liabilities (121,530 ) (118,400 ) Valuation allowances (21,278 ) (22,030 ) Net deferred tax asset $ 13,161 $ 22,075 Deferred tax assets are reduced by a valuation allowance if it is more-likely-than-not that some portion or all of the deferred tax asset will not be realized. Management believes uncertainty exists regarding the realizability of certain operating losses and has, therefore, established a valuation allowance for this portion of the deferred tax asset. Realization of the deferred income tax asset is dependent on the Company generating sufficient taxable income of the appropriate nature in future years. Although realization is not assured, management believes that it is more likely than not that the net deferred income tax assets will be realized. Deferred tax assets and deferred tax liabilities are presented net on the consolidated balance sheets by tax jurisdiction. As of April 30, 2017, the Company had U.S. federal net operating loss carryforwards of $3.6 million, which the Company anticipates will be fully utilized by fiscal 2028. The Company has state net operating loss carryforwards of $23.3 million, which, if unutilized, will begin to expire in fiscal 2018. The Company also has foreign net operating loss carryforwards of $108.4 million, which, if unutilized, will begin to expire in fiscal 2018. The Company also has foreign tax credit carryforwards of $3.0 million, which, if unutilized, will expire in 2027. The Company has not provided for U.S. taxes or foreign withholding taxes on approximately $359.3 million of undistributed earnings of its foreign subsidiaries as such earnings are intended to be reinvested indefinitely. If a distribution of these earnings were to be made, the Company might be subject to both foreign withholding taxes and U.S. income taxes, net of any allowable foreign tax credits or deductions. An estimate of these taxes, however, is not practicable. The Company and its subsidiaries file federal and state income tax returns in the U.S. as well as in foreign jurisdictions. These income tax returns are subject to audit by the Internal Revenue Service (the ‘IRS’) and various state and foreign tax authorities. In December 2015, the IRS concluded an examination of the Company’s fiscal year 2013 U.S. federal income tax return. The State of California is currently auditing the Company’s state income tax returns for fiscal years 2013 and 2014. Outside the United States, income tax returns of the Company’s subsidiaries are under audit in Canada, Germany and India. The Company’s income tax returns are not otherwise under examination in any material jurisdictions. The statute of limitations varies by jurisdiction in which the Company operates. With few exceptions, however, the Company’s tax returns for years prior to fiscal 2011 are no longer open to examination by tax authorities (including U.S. federal, state and foreign). Unrecognized tax benefits are the differences between the amount of benefits of tax positions taken, or expected to be taken, on a tax return and the amount of benefits recognized for financial reporting purposes. As of April 30, 2017, the Company had a liability of $2.5 million for unrecognized tax benefits. A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Unrecognized tax benefits, beginning of year $ 2,095 $ 2,423 $ 2,701 Settlement with tax authority — (1,963 ) (497 ) Additions based on tax positions related to the current year 383 1,305 219 Additions based on tax positions related to prior years — 330 — Unrecognized tax benefits, end of year $ 2,478 $ 2,095 $ 2,423 The liability for unrecognized tax benefits is included in income taxes payable in the consolidated balance sheets. The full amount of unrecognized tax benefits would impact the effective tax rate if recognized. In the next twelve months, it is reasonably possible that the Company’s unrecognized tax benefits could change due to resolution of certain tax matters, which could include payments on those tax matters. These resolutions and payments could reduce the Company’s liability for unrecognized tax benefits balance by approximately $0.3 million. The Company classifies interest and penalties related to unrecognized tax benefits as a component of the provision for income taxes. The Company had no accrual for interest or penalties related to unrecognized tax benefits as of April 30, 2017 and April 30, 2016. The Company accrued approximately $0.1 million of interest related to unrecognized tax benefits over the last three fiscal years.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Apr. 30, 2017
Property and Equipment, Net	9. Property and Equipment, Net Property and equipment include the following: April 30, 2017 2016 (in thousands) Computer equipment and software (1) $ 160,399 $ 148,769 Leasehold improvements 75,921 59,858 Furniture and fixtures 39,848 43,069 Automobiles 1,956 2,103 278,124 253,799 Less: accumulated depreciation and amortization (168,557 ) (158,363 ) Property and equipment, net $ 109,567 $ 95,436 (1) Depreciation expense for capitalized software was $12.6 million, $11.3 million and $9.0 million during fiscal 2017, 2016 and 2015, respectively. The net book value of the Company’s computer software costs included in property and equipment, net was $33.2 million and $32.3 million as of April 30, 2017 and 2016, respectively. Depreciation expense for property and equipment was $31.9 million, $24.5 million and $19.4 million during fiscal 2017, 2016 and 2015, respectively.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Apr. 30, 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 to Adjusted EBITDA in recognition of the accelerated integration actions. The Company’s credit agreement permits payment of dividends to stockholders and make share repurchases so long as the pro forma leverage ratio is no greater than 2.50 to 1.00, and the pro forma domestic liquidity is at least $50.0 million. The Company drew down $275 million on the new term loan and used $140 million of the proceeds to pay-off the term loan that was outstanding as of April 30, 2016. The remaining funds will be used for working capital and general corporate purposes. Principal payments under the term facility are as follows: Year Ending April 30, Principal (in thousands) 2018 $ 20,625 2019 25,781 2020 27,500 2021 27,500 2022 158,125 $ 259,531 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. During fiscal 2017, the average rate on the Term Facility was 2.23%. 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 the final installment consisting of all remaining unpaid principal due on the Term Facility Maturity date of June 15, 2021. The Company made $15.5 million in principal payments during fiscal 2017. As of April 30, 2017, $259.5 million was outstanding under the Term Facility compared to $140.0 million as of April 30, 2016, under the previous facility. The fair value of the Company’s Term Facility is based on borrowing rates currently required of loans with similar terms, maturity and credit risk. The carrying amount of the Term Facility approximates fair value because the base interest rate charged varies with market conditions and the credit spread is commensurate with current market spreads for issuers of similar risk. The fair value of the Term Facility is classified as a Level 2 liability in the fair value hierarchy. As of April 30, 2017, the Company was in compliance with its debt covenants. As of April 30, 2017 and 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 April 30, 2017 and 2016, respectively. The Company had a total of $8.1 million and $6.4 million of standby letters of credits with other financial institutions as of April 30, 2017 and 2016, respectively. The standby letters of credits were generally issued as a result of entering into office premise leases. The Company has outstanding borrowings against the CSV of COLI contracts of $67.2 million and $68.4 million at April 30, 2017 and 2016, respectively. CSV reflected in the accompanying consolidated balance sheets is net of the outstanding borrowings, which are secured by the CSV of the life insurance policies. Principal payments are not scheduled and interest is payable at least annually at various fixed and variable rates ranging from 4.76% to 8.00%.

Business Segments

Business Segments	12 Months Ended
	Apr. 30, 2017
Business Segments	11. 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 positions, in addition to research-based interviewing and onboarding solutions, for clients predominantly in the consumer, financial services, industrial, life sciences/healthcare and technology industries. Hay Group assists clients with ongoing assessment, compensation and development of their senior executives and management teams, and addresses four fundamental needs: Talent Strategy, Succession Management, Leadership Development, and Rewards, Motivation and Engagement, all underpinned by a comprehensive array of world-leading IP, products and tools. Futurestep is a global industry leader in high-impact talent acquisition solutions. Its portfolio of services includes global and regional RPO, project recruitment, individual professional search and consulting. The Executive Search business segment is managed by geographic regional leaders and Hay Group and Futurestep worldwide operations are managed by their Chief Executive Officers. The Executive Search geographic regional leaders and the Chief Executive Officers of Hay Group and Futurestep report directly to the Chief Executive Officer of the Company. The Company also operates a Corporate segment to record global expenses of the Company. 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 charges (goodwill, intangible asset and other than temporary impairment). The accounting policies for the reportable segments are the same as those described in the summary of significant accounting policies, except the items described above are excluded from EBITDA to arrive at Adjusted EBITDA. For fiscal 2017 and 2016, Adjusted EBITDA includes deferred revenue adjustment related to the Legacy Hay acquisition, reflecting revenue that the Hay Group would have realized if not for business combination accounting that requires a company to record the acquisition balance sheet at fair value and write-off deferred revenue where no future services are required to be performed to earn that revenue. The accounting policies for the reportable segments are the same as those described in the summary of significant accounting policies, except the items described above are excluded from EBITDA to arrive at Adjusted EBITDA. Financial highlights by business segment are as follows: Year Ended April 30, 2017 Executive Search North EMEA Asia Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 356,625 $ 146,506 $ 80,169 $ 34,376 $ 617,676 $ 724,186 $ 223,659 $ — $ 1,565,521 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Adjusted fee revenue $ 356,625 $ 146,506 $ 80,169 $ 34,376 $ 617,676 $ 727,721 $ 223,659 $ — $ 1,569,056 Total revenue $ 369,803 $ 150,113 $ 81,744 $ 34,533 $ 636,193 $ 741,533 $ 243,943 $ — $ 1,621,669 Net income attributable to Korn/Ferry International $ 84,181 Net income attributable to noncontrolling interest 3,057 Other income, net (11,820 ) Interest expense, net 10,251 Equity in earnings of unconsolidated subsidiaries, net (333 ) Income tax provision 29,104 Operating income (loss) $ 81,550 $ 27,854 $ 8,580 $ 6,268 $ 124,252 $ 47,302 $ 29,986 $ (87,100 ) $ 114,440 Depreciation and amortization 3,812 1,030 1,060 483 6,385 32,262 2,818 5,795 47,260 Other income (loss), net 844 (15 ) 300 684 1,813 341 (91 ) 9,757 11,820 Equity in earnings of unconsolidated subsidiaries, net 333 — — — 333 — — — 333 EBITDA 86,539 28,869 9,940 7,435 132,783 79,905 32,713 (71,548 ) 173,853 Restructuring charges, net 1,719 629 1,495 773 4,616 29,663 101 220 34,600 Integration/acquisition cost — — — — — 14,440 — 7,939 22,379 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Separation costs — — — — — 609 — — 609 Adjusted EBITDA $ 88,258 $ 29,498 $ 11,435 $ 8,208 $ 137,399 $ 128,152 $ 32,814 $ (63,389 ) $ 234,976 Identifiable assets (1) $ 340,069 $ 158,927 $ 87,845 $ 26,897 $ 613,738 $ 1,057,611 $ 116,717 $ 274,832 $ 2,062,898 Long-lived assets (1) $ 23,746 $ 11,089 $ 8,371 $ 3,262 $ 46,468 $ 37,846 $ 6,693 $ 18,560 $ 109,567 Goodwill (1) $ 46,201 $ 44,976 $ 972 $ — $ 92,149 $ 457,241 $ 27,475 $ — $ 576,865 Year Ended April 30, 2016 Executive Search North EMEA Asia Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 371,345 $ 144,319 $ 80,506 $ 26,744 $ 622,914 $ 471,145 $ 198,053 $ — $ 1,292,112 Deferred revenue adjustment due to acquisition — — — — — 10,967 — — 10,967 Adjusted fee revenue $ 371,345 $ 144,319 $ 80,506 $ 26,744 $ 622,914 $ 482,112 $ 198,053 $ — $ 1,303,079 Total revenue $ 386,256 $ 148,285 $ 83,206 $ 26,781 $ 644,528 $ 488,217 $ 213,969 $ — $ 1,346,714 Net income attributable to Korn/Ferry International $ 30,913 Net income attributable to noncontrolling interest 520 Other loss, net 4,167 Interest income, net (237 ) Equity in earnings of unconsolidated subsidiaries, net (1,631 ) Income tax provision 18,960 Operating income (loss) $ 100,381 $ 20,607 $ 12,572 $ (1,854 ) $ 131,706 $ (3,415 ) $ 26,702 $ (102,301 ) $ 52,692 Depreciation and amortization 3,267 1,029 941 312 5,549 21,854 2,386 6,431 36,220 Other (loss) income, net (147 ) 433 21 312 619 (868 ) 364 (4,282 ) (4,167 ) Equity in earnings of unconsolidated subsidiaries, net 437 — — — 437 — — 1,194 1,631 EBITDA 103,938 22,069 13,534 (1,230 ) 138,311 17,571 29,452 (98,958 ) 86,376 Restructuring charges, net 499 5,807 577 322 7,205 25,682 49 77 33,013 Integration/acquisition costs — — — — — 17,607 — 27,802 45,409 Venezuelan foreign currency loss — — — 6,635 6,635 7,085 — — 13,720 Deferred revenue adjustment due to acquisition — — — — — 10,967 — — 10,967 Separation costs — — — — — — — 744 744 Adjusted EBITDA $ 104,437 $ 27,876 $ 14,111 $ 5,727 $ 152,151 $ 78,912 $ 29,501 $ (70,335 ) $ 190,229 Identifiable assets (1) $ 227,228 $ 150,516 $ 86,394 $ 24,273 $ 488,411 $ 1,005,457 $ 104,396 $ 300,336 $ 1,898,600 Long-lived assets (1) $ 19,044 $ 4,817 $ 3,708 $ 1,479 $ 29,048 $ 42,974 $ 4,635 $ 18,779 $ 95,436 Goodwill (1) $ 48,320 $ 46,193 $ 972 $ — $ 95,485 $ 465,937 $ 28,650 $ — $ 590,072 Year Ended April 30, 2015 Executive Search North EMEA Asia Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 330,634 $ 153,465 $ 84,148 $ 29,160 $ 597,407 $ 267,018 $ 163,727 $ — $ 1,028,152 Total revenue $ 344,913 $ 158,052 $ 87,142 $ 29,218 $ 619,325 $ 275,220 $ 171,521 $ — $ 1,066,066 Net income attributable to Korn/Ferry International $ 88,357 Net income attributable to noncontrolling interest — Other income, net (7,458 ) Interest expense, net 1,784 Equity in earnings of unconsolidated subsidiaries, net (2,181 ) Income tax provision 33,526 Operating income (loss) $ 80,818 $ 18,867 $ 14,631 $ 4,704 $ 119,020 $ 28,175 $ 19,940 $ (53,107 ) $ 114,028 Depreciation and amortization 3,515 1,764 1,045 350 6,674 13,427 1,882 5,614 27,597 Other income (loss), net 288 83 369 109 849 (22 ) 54 6,577 7,458 Equity in earnings of unconsolidated subsidiaries, net 426 — — — 426 — — 1,755 2,181 EBITDA 85,047 20,714 16,045 5,163 126,969 41,580 21,876 (39,161 ) 151,264 Restructuring charges, net 1,151 3,987 17 229 5,384 2,758 1,154 172 9,468 Acquisition costs — — — — — — — 959 959 Adjusted EBITDA $ 86,198 $ 24,701 $ 16,062 $ 5,392 $ 132,353 $ 44,338 $ 23,030 $ (38,030 ) $ 161,691 Identifiable assets (1) $ 327,446 $ 156,072 $ 94,099 $ 25,328 $ 602,945 $ 265,546 $ 103,782 $ 345,528 $ 1,317,801 Long-lived assets (1) $ 17,271 $ 3,885 $ 4,235 $ 966 $ 26,357 $ 12,377 $ 4,204 $ 19,150 $ 62,088 Goodwill (1) $ 49,603 $ 45,922 $ 972 $ — $ 96,497 $ 129,549 $ 28,394 $ — $ 254,440 (1) As of the end of the fiscal year. Fee revenue attributed to an individual customer or country, other than the U.S., did not account for more than 10% of the total in fiscal year 2017, 2016 or 2015. Fee revenue classified by country in which the Company derives revenues are as follows: Year Ended April 30, 2017 2016 2015 (in thousands) U.S. $ 728,871 $ 669,585 $ 557,024 Other countries 836,650 622,527 471,128 Total fee revenue $ 1,565,521 $ 1,292,112 $ 1,028,152 Long-lived assets, excluding financial instruments and tax assets, classified by controlling countries over 10% of the total are as follows: Year Ended April 30, 2017 2016 2015 (in thousands) U.S. (1) $ 70,949 $ 64,525 $ 50,103 Other countries 38,618 30,911 11,985 Total long-lived assets $ 109,567 $ 95,436 $ 62,088 (1) Includes Corporate long-lived assets

Acquisitions

Acquisitions	12 Months Ended
	Apr. 30, 2017
Acquisitions	12. Acquisitions The following is a summary of acquisitions the Company completed during the periods indicated (no acquisitions were completed in fiscal 2017): Year Ended April 30, 2016 (1) 2015 (2) (in thousands) Receivables due from clients $ 116,509 $ 3,085 Other current assets 15,587 56 Property and equipment 29,428 202 Intangible assets 196,400 6,600 Other non-current assets 7,345 18 Current liabilities 125,640 2,635 Deferred compensation and other retirement plans 31,400 — Deferred tax liabilities 58,729 — Other liabilities 8,536 56 Net assets acquired 140,964 7,270 Purchase price 476,885 17,496 Goodwill $ 335,921 $ 10,226 Integration/acquisition costs $ 45,409 $ 959 Goodwill by segment – Hay Group $ 335,921 $ 10,226 (1) On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company’s common stock, par value $0.01 per share (the “Consideration Shares”), representing an aggregate value of $217.9 million based on the closing price of the Company’s common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company’s intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company’s consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment. (2) On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company’s talent management solution with Pivot’s executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company’s consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016. The aggregate purchase price for Legacy Hay was allocated on a preliminary basis to the assets acquired and liabilities assumed on their estimated fair values at the date of acquisition. During fiscal 2017, the Company finalized the purchase price allocation by recording a decrease to goodwill of $8.2 million primarily as a result of tax returns filed for periods prior to the acquisition and an increase in other assets. Pro forma financial information (unaudited) Unaudited pro forma consolidated fee revenue was $1.6 billion for both fiscal 2016 and 2015, and unaudited pro forma consolidated net income was $23 million and $75 million for fiscal 2016 and 2015, respectively, as though the acquisition of Legacy Hay had occurred as of the beginning of fiscal 2015. The unaudited pro forma financial information is for illustrative purposes and is not indicative of the results of operations that would have been realized if the acquisition had been completed on the date indicated, nor is it indicative of future operating results. The unaudited pro forma results primarily include adjustments for amortization charges for acquired intangible assets and property and equipment, compensation expense for retention awards and imputed interest expense on Term Facility and the related tax effect on the aforementioned items.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Apr. 30, 2017
Goodwill and Intangible Assets	13. Goodwill and Intangible Assets Changes in the carrying value of goodwill by reportable segment were as follows: Executive Search North EMEA Asia Subtotal Hay Group Futurestep Consolidated (in thousands) Balance as of May 1, 2015. $ 49,603 $ 45,922 $ 972 $ 96,497 $ 129,549 $ 28,394 $ 254,440 Additions — — — — 335,921 — 335,921 Exchange rate fluctuations. (1,283 ) 271 — (1,012 ) 467 256 (289 ) Balance as of April 30, 2016. 48,320 46,193 972 95,485 465,937 28,650 590,072 Adjustments — — — — (8,179 ) — (8,179 ) Exchange rate fluctuations. (2,119 ) (1,217 ) — (3,336 ) (517 ) (1,175 ) (5,028 ) Balance as of April 30, 2017. $ 46,201 $ 44,976 $ 972 $ 92,149 $ 457,241 $ 27,475 $ 576,865 Intangible assets include the following: April 30, 2017 April 30, 2016 (in thousands) Amortized intangible assets: Gross Accumulated Net Gross Accumulated Net Customer lists $ 125,099 $ (31,094 ) $ 94,005 $ 125,099 $ (19,910 ) $ 105,189 Intellectual property 33,100 (16,994 ) 16,106 33,100 (13,281 ) 19,819 Proprietary databases 4,256 (3,202 ) 1,054 4,256 (2,777 ) 1,479 Trademarks 3,986 (3,986 ) — 3,986 (3,986 ) — Non-compete agreements 910 (833 ) 77 910 (753 ) 157 Total $ 167,351 $ (56,109 ) 111,242 $ 167,351 $ (40,707 ) 126,644 Unamortized intangible assets: Trademarks 106,000 106,000 Exchange rate fluctuations 77 383 Total Intangible assets $ 217,319 $ 233,027 Acquisition-related intangible assets acquired in fiscal 2016 in connection with the acquisition of Legacy Hay consists of customer lists and intellectual property of $84.0 million and $10.2 million, respectively, with weighted-average useful lives from the date of purchase of 11 years and seven years, respectively. Acquisition-related intangible assets not subject to amortization acquired in connection with the acquisition of Legacy Hay consists of trademarks of $102.2 million. Amortization expense for amortized intangible assets was $15.4 million, $11.7 million and $8.2 million during fiscal 2017, 2016 and 2015, respectively. Estimated annual amortization expense related to amortizing intangible assets is as follows: Year Ending April 30, Estimated Annual Amortization Expense (in thousands) 2018 $ 14,742 2019 13,487 2020 13,204 2021 13,280 2022 13,269 Thereafter 43,260 $ 111,242 All amortizable intangible assets will be fully amortized by the end of fiscal 2031.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Apr. 30, 2017
Commitments and Contingencies	14. Commitments and Contingencies Lease Commitments The Company leases office premises and certain office equipment under leases expiring at various dates through 2030. Total rental expense during fiscal 2017, 2016 and 2015 amounted to $56.8 million, $45.5 million and $38.0 million, respectively. Future minimum commitments under non-cancelable operating leases with lease terms in excess of one year excluding commitments accrued in the restructuring liability are as follows: Year Ending April 30, Lease (in thousands) 2018 $ 62,384 2019 57,812 2020 54,817 2021 50,418 2022 44,100 Thereafter 145,284 $ 414,815 Employment Agreements The Company has a policy of entering into offer letters of employment or letters of promotion with vice presidents which provide for an annual base salary and discretionary and incentive bonus payments. Certain key vice presidents who typically have been employed by the Company for several years may also have a standard form employment agreement. Upon termination without cause, the Company is required to pay the amount of severance due under the employment agreement, if any. The Company also requires its vice presidents to agree in their employment letters and their employment agreement, if applicable, not to compete with the Company during the term of their employment, and for a certain period after their employment ends. Litigation From time to time, the Company has been and is involved in litigation incidental to its business. The Company is currently not a party to any litigation which, if resolved adversely against the Company, would, in the opinion of management, after consultation with legal counsel, have a material adverse effect on the Company’s business, financial position or results of operations.

Quarterly Results

Quarterly Results	12 Months Ended
	Apr. 30, 2017
Quarterly Results	15. Quarterly Results (Unaudited) The following table sets forth certain unaudited consolidated statement of income data for the quarters in fiscal 2017 and 2016. The unaudited quarterly information has been prepared on the same basis as the annual financial statements and, in management’s opinion, includes all adjustments necessary to present fairly the information for the quarters presented. Quarters Ended Fiscal 2017 Fiscal 2016 April 30 January 31 October 31 July 31 April 30 January 31 October 31 July 31 (in thousands, except per share data) Fee revenue $ 406,065 $ 381,918 $ 401,917 $ 375,621 $ 399,960 $ 344,158 $ 280,600 $ 267,394 Operating income (loss) $ 32,834 $ 30,542 $ 46,548 $ 4,516 $ 4,842 $ (14,067 ) $ 29,013 $ 32,904 Net income (loss) $ 27,736 $ 24,378 $ 31,056 $ 4,068 $ 6,375 $ (15,995 ) $ 17,971 $ 23,082 Net income (loss) attributable to Korn/Ferry International $ 26,924 $ 23,897 $ 30,152 $ 3,208 $ 5,855 $ (15,995 ) $ 17,971 $ 23,082 Net earnings (loss) per common share: Basic. $ 0.48 $ 0.42 $ 0.53 $ 0.06 $ 0.10 $ (0.30 ) $ 0.36 $ 0.46 Diluted. $ 0.47 $ 0.42 $ 0.52 $ 0.06 $ 0.10 $ (0.30 ) $ 0.35 $ 0.46

Subsequent Events

Subsequent Events	12 Months Ended
	Apr. 30, 2017
Subsequent Events	16. Subsequent Events Quarterly Dividend Declaration On June 20, 2017, the Board of Directors of the Company declared a cash dividend of $0.10 per share that will be paid on July 14, 2017 to holders of the Company’s common stock of record at the close of business on June 30, 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.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Apr. 30, 2017
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	KORN/FERRY INTERNATIONAL AND SUBSIDIARIES SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS April 30, 2017 Column A Column B Column C Column D Column E Additions Description Balance at Charges to (Charges) Deductions (2) Balance at (in thousands) Allowance for doubtful accounts: Year Ended April 30, 2017 $ 11,292 $ 12,987 $ (415 ) $ (8,409 ) $ 15,455 Year Ended April 30, 2016 $ 9,958 $ 8,570 $ (270 ) $ (6,966 ) $ 11,292 Year Ended April 30, 2015 $ 9,513 $ 7,741 $ (693 ) $ (6,603 ) $ 9,958 Deferred tax asset valuation allowance: Year Ended April 30, 2017 $ 22,030 $ 7,931 $ — $ (8,683 ) $ 21,278 Year Ended April 30, 2016 $ 21,608 $ 18,993 $ — $ (18,571 ) $ 22,030 Year Ended April 30, 2015 $ 26,969 $ 2,537 $ — $ (7,898 ) $ 21,608 (1) Exchange rate fluctuations. (2) Allowance for doubtful accounts represents accounts written-off, net of recoveries and deferred tax asset valuation represents release of prior valuation allowances.

Organization and Summary of S25

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2017
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The consolidated financial statements include the accounts of the Company and its wholly and majority owned/controlled domestic and international subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of the consolidated financial statements conform with United States (“U.S.”) generally accepted accounting principles (“GAAP”). The consolidated financial statements include all adjustments, consisting of normal recurring accruals and any other adjustments that management considers necessary for a fair presentation of the results for these periods. 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. Dividends received from our unconsolidated subsidiaries were approximately $0.6 million, $2.4 million and $1.7 million during fiscal 2017, 2016 and 2015, respectively. In the fourth quarter of fiscal 2016, we obtained control of our Mexico subsidiary and began to consolidate the operations. Noncontrolling interest in our Mexico subsidiary is reflected on the Company’s consolidated financial statements for fiscal 2017 and 2016. 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 professionals, recruitment process outsourcing, people and organizational advisory services and the sale of product services. Fee revenue from executive search activities and recruitment for non-executive professionals is generally one-third of the estimated first year compensation of the placed executive or non-executive professional, as applicable, plus a percentage of the fee to cover indirect engagement related expenses. The Company generally recognizes such revenue on a straight-line basis over a three-month period, commencing upon client acceptance, as this is the period over which the recruitment services are performed. Fees earned in excess of the initial contract amount are recognized upon completion of the engagement, which reflect the difference between the final actual compensation of the placed executive and the estimate used for purposes of the previous billings. Since the initial contract fees are typically not contingent upon placement of a candidate, our assumptions primarily relate to establishing the period over which such service is performed. These assumptions determine the timing of revenue recognition and profitability for the reported period. Any revenues associated with services that are provided on a contingent basis are recognized once the contingency is resolved. In addition to recruitment for non-executive professionals, Futurestep provides recruitment process outsourcing (“RPO”) services and fee revenue is recognized as services are rendered and/or as milestones are achieved. Fee revenue from Hay Group (formerly known as Leadership & Talent Consulting (“Legacy LTC”) which was combined with HG (Luxembourg) S.à.r.l (“Legacy Hay”) in December 2015) is recognized as services are rendered for consulting engagements and other time based services, measured by total hours incurred to the total estimated hours at completion. It is possible that updated estimates for the consulting engagement may vary from initial estimates with such updates being recognized in the period of determination. Depending on the timing of billings and services rendered, the Company accrues or defers revenue as appropriate. Hay Group revenue is also derived from the sale of product services, which includes revenue from licenses and from the sale of products. Revenue from licenses is recognized using a straight-line method over the term of the contract (generally 12 months). Under the fixed term licenses, the Company is obligated to provide the licensee with access to any updates to the underlying intellectual property that are made by the Company during the term of the license. Once the term of the agreement expires, the client’s right to access or use the intellectual property expires and the Company has no further obligations to the client under the license agreement. Revenue from perpetual licenses is recognized when the license is sold since the Company’s only obligation is to provide the client access to the intellectual property but is not obligated to provide maintenance, support, updates or upgrades. Products sold by the Company mainly consist of books and automated services covering a variety of topics including performance management, team effectiveness, and coaching and development. The Company recognizes revenue for its products when the product has been sold or shipped in the case of books. As of April 30, 2017 and 2016, the Company included deferred revenue of $95.8 million and $95.9 million, respectively, in other accrued liabilities.
Reimbursements	Reimbursements The Company incurs certain out-of-pocket expenses that are reimbursed by its clients, which are accounted for as revenue in its consolidated statements of income.
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 April 30, 2017 and 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. Such investments are based upon the employees’ investment elections in their deemed accounts in the Executive Capital Accumulation Plan and similar plans in Asia Pacific and Canada (“ECAP”) from a pre-determined set of securities and the Company invests in marketable securities to mirror these elections. These investments are recorded at fair value and are classified as marketable securities in the accompanying consolidated balance sheets. The investments that the Company may sell within the next twelve months are carried as current assets. Realized gains (losses) on marketable securities are determined by specific identification. Interest is recognized on an accrual basis, dividends are recorded as earned on the ex-dividend date. Interest, dividend income and the changes in fair value in trading securities are recorded in the accompanying consolidated statements of income in other income (loss), net.
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 April 30, 2017 and 2016, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash, cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts and at April 30, 2017 also included an interest rate swap. 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 or the interest rate swap are obtained from a third party, which are based on quoted prices or market prices for similar assets and financial instruments.
Derivative Financial Instruments	Derivative Financial Instruments The Company is exposed to interest rate risk due to the outstanding senior secured credit agreement entered on June 15, 2016. The Company has entered into an interest rate swap agreement to effectively convert its variable debt to a fixed-rate basis. The principal objective of these contracts is to eliminate or reduce the variability of the cash flows in interest payments associated with the Company’s long-term debt, thus reducing the impact of interest rate changes on future interest payment cash flows. The Company has determined that the interest rate swap qualifies as a cash flow hedge in accordance with Accounting Standards Codification 815, Derivatives and Hedging
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 due to an increase in exposure to such risks as a result of the Legacy Hay 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 is 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 statement of income.
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 non-controlling 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.
Property and Equipment, Net	Property and Equipment, Net Property and equipment is carried at cost less accumulated depreciation. Leasehold improvements are amortized on a straight-line basis over the estimated useful life of the asset, or the lease term, whichever is shorter. Software development costs incurred for internal use projects are capitalized and, once placed in service, amortized using the straight-line method over the estimated useful life, generally three to seven years. All other property and equipment is depreciated or amortized on a straight-line basis over the estimated useful lives of three to ten years. The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. In fiscal 2017, 2016 and 2015, there were no such impairment charges recorded.
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, 2017, 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. There was also no indication of potential impairment during the fourth quarter of fiscal 2017 that would have required further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases, intellectual property and trademarks and are recorded at their estimated fair value at the date of acquisition and are amortized in a pattern in which the asset is consumed if that pattern can be reliably determined, or using the straight-line method over their estimated useful lives which range from one to 24 years. For intangible assets subject to amortization, an impairment loss is recognized if the carrying amount of the intangible assets is not recoverable and exceeds fair value. The carrying amount of the intangible assets is considered not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from use of the asset. Intangible assets with indefinite lives are not amortized, but are reviewed annually for impairment or more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than its carrying amount. As of April 30, 2017 and 2016, there were no indicators of impairment with respect to the Company’s intangible assets.
Compensation and Benefits Expense	Compensation and Benefits Expense Compensation and benefits expense in the accompanying consolidated statements of income 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/profitability metrics for Hay Group and Futurestep consultants), the level of engagements referred by a consultant 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/line of business 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 $179.6 million, $186.5 million and $166.4 million for the years ended April 30, 2017, 2016 and 2015, respectively, included in compensation and benefits expense in the consolidated statements of income. 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.
Deferred Compensation and Pension Plans	Deferred Compensation and Pension Plans For financial accounting purposes, the Company estimates the present value of the future benefits payable under the deferred compensation and pension plans as of the estimated payment commencement date. The Company also estimates the remaining number of years a participant will be employed by the Company. Then, each year during the period of estimated employment, the Company accrues a liability and recognizes expense for a portion of the future benefit using the unit credit cost method for Senior Executive Incentive Plan (“SEIP”), Wealth Accumulation Plan (“WAP”), Enhanced Wealth Accumulation Plan (“EWAP”) and the Worldwide Executive Benefit Plan (“WEB”) and the pension plan acquired under Legacy Hay, while the medical and life insurance plan uses the projected unit credit cost method. The amounts charged to operations are made up of service and interest costs and the expected return on plan assets. Actuarial gains and losses are initially recorded in accumulated other comprehensive income (loss). The actuarial gains/losses included in accumulated other comprehensive income are amortized to the consolidated statements of income, if at the beginning of the year, the amount exceeds 10% of the greater of the projected benefit obligation and market-related plan assets. The amortization included in periodic benefit cost is divided by the average remaining service of inactive plan participants, or the period for which benefits will be paid, if shorter. The expected return on plan assets takes into account the current fair value of plan assets and reflects the Company’s estimate for trust asset returns given the current asset allocation and any expected changes to the asset allocation and current and future market conditions. In calculating the accrual for future benefit payments, management has made assumptions regarding employee turnover, participant vesting, violation of non-competition provisions and the discount rate. Management periodically reevaluates all assumptions. If assumptions change in future reporting periods, the changes may impact the measurement and recognition of benefit liabilities and related compensation expense.
Executive Capital Accumulation Plan	Executive Capital Accumulation Plan The Company, under its deferred compensation plans, makes discretionary contributions and such contributions may be granted to key employees annually based on the employee’s performance. Certain key management may also receive Company contributions upon commencement of employment. The Company amortizes these contributions on a straight-line basis as they vest, generally over a four to five year period. The amounts that are expected to be paid to employees over the next 12 months are classified as a current liability included in compensation and benefits payable in the accompanying consolidated balance sheet. 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.
Cash Surrender Value of Life Insurance	Cash Surrender Value of Life Insurance The Company purchased COLI policies or contracts insuring the lives of certain employees eligible to participate in certain of the deferred compensation and pension plans as a means of funding benefits under such plans. The Company purchased both fixed and variable life insurance contracts and does not purchase “split-dollar” life insurance policy contracts. The Company historically has had both contracts or policies that provide for a fixed or guaranteed rate of return and a variable rate of return depending on the return of the policies’ investment in their underlying portfolio in equities and bonds. Beginning in fiscal 2017 the Company currently only holds contracts or policies that provide for a fixed or guaranteed rate of return. The CSV of these COLI contracts are carried at the amounts that would be realized if the contract were surrendered at the balance sheet date, net of the outstanding loans from the insurer. The Company has the intention and ability to continue to hold these COLI policies and contracts. Additionally, the loans secured by the policies do not have any scheduled payment terms and the Company also does not intend to repay the loans outstanding on these policies until death benefits under the policy have been realized. Accordingly, the investment in COLI is classified as long-term in the accompanying consolidated balance sheet. The change in the CSV of COLI contracts, net of insurance premiums paid and gains realized, is reported in compensation and benefits expense. As of April 30, 2017 and 2016, the Company held contracts with gross CSV of $180.3 million and $175.7 million, offset by outstanding policy loans of $67.2 million and $68.4 million, respectively. If the issuing insurance companies were to become insolvent, the Company would be considered a general creditor for $61.3 million and $55.9 million of net CSV as of April 30, 2017 and 2016, respectively; therefore, these assets are subject to credit risk. Management, together with its outside advisors, routinely monitors the claims paying abilities of these insurance companies.
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 include one-time employee termination benefits and cost to terminate leases, including remaining lease payments. Changes in the estimates of the restructuring charges are recorded in the period the change is determined.
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.
Translation of Foreign Currencies	Translation of Foreign Currencies Generally, financial results of the Company’s foreign subsidiaries are measured in their local currencies. Assets and liabilities are translated into U.S. dollars at exchange rates in effect at the balance sheet date, while revenue and expenses are translated at weighted-average exchange rates during the fiscal year. Resulting translation adjustments are recorded as a component of accumulated comprehensive income. Gains and losses from foreign currency transactions of the Company’s foreign subsidiaries and the translation of the financial results of subsidiaries operating in highly inflationary economies are included in general and administrative expense in the period incurred. Foreign currency gains, on an after tax basis, included in net income were $0.2 million during fiscal 2017. Foreign currency losses, on an after tax basis, included in net income were $8.7 million and $1.6 million during fiscal 2016 and 2015, respectively. On February 17, 2016, the Venezuelan government announced a devaluation of the Bolivar, from the official exchange rate of 6.3 Bolivars per USD to 10.0 Bolivars per USD, and streamlined the previous three-tiered currency exchange mechanism into a dual currency exchange mechanism. The weaker of the two rates is a free-floating exchange rate that at the time of its introduction, sold dollars at approximately 200 Bolivars per USD. The economic and political environment in Venezuela has continued to deteriorate and the currency exchange restrictions have become more onerous. The Company had used the previously prevailing official exchange rate of 6.3 Bolivars per USD to re-measure our Venezuelan subsidiary’s financial statements in previous periods, but after careful consideration, at the time of the devaluation, the Company decided to adopt the free-floating exchange rate during the fourth quarter of fiscal 2016 as it more appropriately reflects the ability to convert Bolivars to U.S. dollars given the deteriorating environment in Venezuela. The devaluation of the Bolivar to approximately 260 Bolivars per USD resulted in a pre-tax charge of $13.7 million, or diluted loss per share of $0.26 during fiscal 2016. In fiscal 2017, the Bolivar continued to weaken but did not materially impact our results of operations.
Income Taxes	Income Taxes There are two components of income tax expense: current and deferred. Current income tax expense (benefit) approximates taxes to be paid or refunded for the current period. Deferred income tax expense (benefit) results from changes in deferred tax assets and liabilities between periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences in the basis of assets and liabilities as measured by tax laws and their basis as reported in the consolidated financial statements. Deferred tax assets are also recognized for tax attributes such as net operating loss carryforwards and tax credit carryforwards. Deferred tax assets and deferred tax liabilities are presented net on the consolidated balance sheets by tax jurisdiction. Valuation allowances are then recorded to reduce deferred tax assets to the amounts management concludes are more likely than not to be realized. Income tax benefits are recognized and measured based upon a two-step model: (1) a tax position must be more-likely-than-not to be sustained based solely on its technical merits in order to be recognized and (2) the benefit is measured as the largest dollar amount of that position that is more-likely-than-not to be sustained upon settlement. The difference between the benefit recognized for a position and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit. The Company records income tax related interest and penalties within income tax expense.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, investments, foreign currency forward contracts, interest rate swap, receivables due from clients and net CSV due from insurance companies, which are discussed above. Cash equivalents include investments in money market securities while investments include mutual funds and corporate bonds. Investments are diversified throughout many industries and geographic regions. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. At April 30, 2017 and 2016, the Company had no other significant credit concentrations.
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. The adoption did not have a material impact on the consolidated financial statements as of April 30, 2016. 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	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. The guidance permits two transition methods of adoption 1) the full retrospective method, in which case the standard would be applied to all reporting periods presented, or 2) the modified retrospective method, with a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB decided to approve a one-year deferral of the effective date as well as providing an option to early adopt the standard on the original effective date. This new guidance is effective for fiscal years and interim periods within those annual years beginning after December 15, 2017. The Company will adopt this guidance in its fiscal year beginning May 1, 2018. The Company has organized a team and developed a project plan to guide the implementation. The project plan includes working sessions to review, evaluate and document the arrangements with customers under our various reporting units to identify potential differences that would result from applying the requirements of the new standard. The Company is currently in the process of developing an updated accounting policy, utilizing a bottoms-up approach by reviewing our current contracts with customers by various revenue streams, evaluating new disclosure requirements and identifying and implementing appropriate changes to business processes, systems and controls to support revenue recognition and disclosure under the new standard. The Company is still evaluating the impact of ASU No. 2014-09 on our financial statements. Based on our evaluation to date, revenue on the majority of our contracts will continue to be recognized over time as services are rendered under the new standard. In addition, capitalization of costs associated with obtaining contracts will have an impact upon adoption of the new standard. The Company expects to finalize the evaluation in upcoming quarters and will provide updates on our progress in future filings. 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 plans to 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 will adopt this guidance in its fiscal year beginning May 1, 2017. The adoption of this standard is not anticipated to have a material impact 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 Company plans to adopt this guidance in its fiscal year beginning May 1, 2018. The provisions of the guidance are to be applied using a retrospective transition method. The adoption of this standard is not anticipated to 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. The Company plans to adopt this guidance in its fiscal year beginning May 1, 2018. These provisions of the guidance are to be applied prospectively. The adoption of this standard is not anticipated to have a material impact on the consolidated financial statements. In January 2017, the FASB issued guidance simplifying the test for goodwill impairment. The new guidance simplifies the test for goodwill impairment by removing Step 2 from the goodwill impairment test. Companies will now perform the goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount, recognizing an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value not to exceed the total amount of goodwill allocated to that reporting unit. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments of this standard are effective for goodwill impairment tests in fiscal years beginning after December 15, 2019, with early adoption permitted for goodwill impairment tests performed after January 1, 2017. The Company is evaluating the adoption timeline and effects that the standard will have on the consolidated financial statements. In March 2017, the FASB issued guidance that improves the presentation of net periodic pension cost and net periodic postretirement benefit cost. The new guidance will change the presentation of net periodic benefit cost related to employer sponsored defined benefit plans and other postretirement benefits. Service cost will be included within the same income statement line item as other compensation costs arising from services rendered during the period, while other components of net periodic benefit pension cost will be presented separately outside of operating income. Additionally, only service costs may be capitalized in assets. The amendments of this standard are effective for fiscal years beginning after December 15, 2017, including interim period within those years. The Company plans to adopt this guidance in its fiscal year beginning May 1, 2018. The adoption of this standard will not have a material impact on the consolidated financial statements. In May 2017, the FASB issued guidance clarifying the scope of modification accounting for stock compensation. The new standard provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. This pronouncement is effective for annual reporting periods beginning after December 15, 2017 but early adoption is permitted. The Company plans to adopt this guidance in its fiscal year beginning May 1, 2018. The Company is currently evaluating the impact of adopting this guidance.

Basic and Diluted Earnings Pe26

Basic and Diluted Earnings Per Share (Tables)	12 Months Ended
	Apr. 30, 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: Year Ended April 30, 2017 2016 2015 (in thousands, except per share data) Net income attributable to Korn/Ferry International $ 84,181 $ 30,913 $ 88,357 Less: distributed and undistributed earnings to nonvested restricted stockholders 765 280 860 Basic net earnings attributable to common stockholders 83,416 30,633 87,497 Add: undistributed earnings to nonvested restricted stockholders 560 82 815 Less: reallocation of undistributed earnings to nonvested restricted stockholders 553 81 804 Diluted net earnings attributable to common stockholders $ 83,423 $ 30,634 $ 87,508 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 56,205 52,372 49,052 Effect of dilutive securities: Restricted stock 646 487 605 Stock options 24 50 105 ESPP 25 20 4 Diluted weighted-average number of common shares outstanding 56,900 52,929 49,766 Net earnings per common share: Basic earnings per share $ 1.48 $ 0.58 $ 1.78 Diluted earnings per share $ 1.47 $ 0.58 $ 1.76

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Apr. 30, 2017
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss were as follows: April 30, 2017 2016 (in thousands) Foreign currency translation adjustments $ (55,359 ) $ (36,339 ) Deferred compensation and pension plan adjustments, net of taxes (15,127 ) (21,572 ) Interest rate swap unrealized loss, net of taxes (578 ) — Accumulated other comprehensive loss, net $ (71,064 ) $ (57,911 )
Changes in Each Component of Accumulated Other Comprehensive (Loss) Income	The following table summarizes the changes in each component of accumulated other comprehensive (loss) income: Foreign Deferred Unrealized Unrealized Accumulated (in thousands) Balance as of May 1, 2014 $ 15,604 $ (18,006 ) $ 14 $ — $ (2,388 ) Unrealized losses arising during the period (36,523 ) (3,589 ) (10 ) — (40,122 ) Reclassification of realized net losses to net income — 1,887 — — 1,887 Balance as of April 30, 2015 (20,919 ) (19,708 ) 4 — (40,623 ) Unrealized losses arising during the period (15,420 ) (3,653 ) (4 ) — (19,077 ) Reclassification of realized net losses to net income — 1,789 — — 1,789 Balance as of April 30, 2016 (36,339 ) (21,572 ) — — (57,911 ) Unrealized (losses) gains arising during the period (19,020 ) 4,584 — (635 ) (15,071 ) Reclassification of realized net losses to net income — 1,861 — 57 1,918 Balance as of April 30, 2017 $ (55,359 ) $ (15,127 ) $ — $ (578 ) $ (71,064 ) (1) The tax effects on unrealized gains (losses) were $1.9 million, $(2.3) million and $(2.3) million as of April 30, 2017, 2016 and 2015, respectively. The tax effects on reclassifications of realized net losses were $1.2 million, $1.1 million and $1.2 million as of April 30, 2017, 2016 and 2015, respectively. (2) The tax effects on unrealized (losses) were $(0.4) million as of April 30, 2017.

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	12 Months Ended
	Apr. 30, 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 income for the periods indicated: Year Ended April 30, 2017 2016 2015 (in thousands) Restricted stock $ 18,045 $ 18,288 $ 13,602 ESPP 913 590 162 Stock options — 17 135 Total stock-based compensation expense, pre-tax 18,958 18,895 13,899 Tax benefit from stock-based compensation expense (4,756 ) (7,347 ) (3,893 ) Total stock-based compensation expense, net of tax $ 14,202 $ 11,548 $ 10,006
Restricted Stock Activity	Restricted stock activity is summarized below: April 30, 2017 2016 2015 Shares Weighted- Shares Weighted- Shares Weighted- Average (in thousands, except per share data) Non-vested, beginning of year 1,506 $ 34.12 1,560 $ 22.15 1,880 $ 18.95 Granted 852 $ 17.43 784 $ 39.19 438 $ 29.93 Vested (751 ) $ 24.15 (809 ) $ 16.35 (705 ) $ 18.52 Forfeited/expired (26 ) $ 26.80 (29 ) $ 23.38 (53 ) $ 21.13 Non-vested, end of year 1,581 $ 29.74 1,506 $ 34.12 1,560 $ 22.15

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Apr. 30, 2017
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of April 30, 2017 and 2016: April 30, 2017 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 409,824 $ — $ — $ 409,824 $ 409,824 $ — $ — $ — Money market funds 1,058 — — 1,058 1,058 — — — Mutual funds (1) 113,818 6,697 (578 ) 119,937 — 4,363 115,574 — Total $ 524,700 $ 6,697 $ (578 ) $ 530,819 $ 410,882 $ 4,363 $ 115,574 $ — Level 2: Foreign currency forward contracts $ — $ 129 $ (846 ) $ (717 ) $ — $ — $ — $ (717 ) Interest rate swap $ — $ — $ (947 ) $ (947 ) $ — $ — $ — $ (947 ) 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 $ 269,558 $ — $ — $ 269,558 $ 269,558 $ — $ — $ — Money market funds 3,694 — — 3,694 3,694 — — — 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 ) Interest rate swap $ — $ — $ — $ — $ — $ — $ — $ — (1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $137.1 million and $138.8 million as of April 30, 2017 and 2016, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of April 30, 2017 and 2016: April 30, 2017 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Value Cash and Marketable Marketable Non-current Other (in thousands) Level 1: Cash $ 409,824 $ — $ — $ 409,824 $ 409,824 $ — $ — $ — Money market funds 1,058 — — 1,058 1,058 — — — Mutual funds (1) 113,818 6,697 (578 ) 119,937 — 4,363 115,574 — Total $ 524,700 $ 6,697 $ (578 ) $ 530,819 $ 410,882 $ 4,363 $ 115,574 $ — Level 2: Foreign currency forward contracts $ — $ 129 $ (846 ) $ (717 ) $ — $ — $ — $ (717 ) Interest rate swap $ — $ — $ (947 ) $ (947 ) $ — $ — $ — $ (947 ) 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 $ 269,558 $ — $ — $ 269,558 $ 269,558 $ — $ — $ — Money market funds 3,694 — — 3,694 3,694 — — — 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 ) Interest rate swap $ — $ — $ — $ — $ — $ — $ — $ — (1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $137.1 million and $138.8 million as of April 30, 2017 and 2016, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans
Summary of Losses on Interest Rate Swap	During fiscal 2017, the Company recognized the following losses on the interest rate swap: April 30, 2017 (in thousands) Losses recognized in OCI (net of tax effects of $406) $ 635 Losses reclassified from AOCI into interest income (expense), net (94 )
Cash Flow Hedge
Fair Value of Derivative Designated as Cash Flow Hedge Instrument	The fair value of the derivative designated as a cash flow hedge instrument is as follows: April 30, 2017 (in thousands) Derivative liability: Interest rate swap contract $ 947
Not Designated as Hedge Instrument
Fair Value of Liabilities Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: April 30, 2017 2016 (in thousands) Derivative assets: Foreign currency forward contracts $ 129 $ 324 Derivative liabilities: Foreign currency forward contracts 846 1,041
Fair Value of Assets Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: April 30, 2017 2016 (in thousands) Derivative assets: Foreign currency forward contracts $ 129 $ 324 Derivative liabilities: Foreign currency forward contracts 846 1,041

Deferred Compensation and Ret30

Deferred Compensation and Retirement Plans (Tables)	12 Months Ended
	Apr. 30, 2017
Total Benefit Obligations	The total benefit obligations for these plans were as follows: Year Ended April 30, 2017 2016 (in thousands) Deferred compensation and pension plans $ 95,596 $ 99,699 Medical and Life Insurance plan 12,147 13,006 International retirement plans 12,021 15,678 Executive Capital Accumulation Plan 111,584 105,676 Total benefit obligation 231,348 234,059 Less: current portion of benefit obligation (11,443 ) (17,946 ) Non-current benefit obligation $ 219,905 $ 216,113
Fair Value Measurements of Defined Benefit Plan Assets	The fair value measurements of the defined benefit plan assets fall within the following levels of the fair value hierarchy as of April 30, 2017 and 2016: Level 1 Level 2 Level 3 Total (in thousands) April 30, 2017: Mutual funds $ — $ 25,446 $ — $ 25,446 Common stock — — — — Corporate and municipal bonds — — — — U.S. Treasury and agency securities — — — — Money market funds — — — — Total $ — $ 25,446 $ — $ 25,446 April 30, 2016: Mutual funds $ 7,990 $ — $ — $ 7,990 Common stock 7,910 — — 7,910 Corporate and municipal bonds — 5,597 — 5,597 U.S. Treasury and agency securities — 2,055 — 2,055 Money market funds 1,315 — — 1,315 Total $ 17,215 $ 7,652 $ — $ 24,867
Components of Net Periodic Benefits Costs	The components of net periodic benefits costs are as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Service cost $ 5,507 $ — $ — Interest cost 3,820 3,423 2,989 Amortization of actuarial loss 3,051 2,924 3,050 Expected return on plan assets (1,559 ) (682 ) — Net periodic benefit cost $ 10,819 $ 5,665 $ 6,039
Weighted-Average Assumptions Used in Calculating Benefit Obligation	The weighted-average assumptions used in calculating the benefit obligations were as follows: Year Ended April 30, 2017 2016 2015 Discount rate, beginning of year 3.18 % 3.28 % 3.60 % Discount rate, end of year 3.57 % 3.18 % 3.28 % Rate of compensation increase 0.00 % 0.00 % 0.00 % Expected long-term rates of return on plan assets 6.50 % 6.50 % — %
Expected Benefit Payments Associated With Future Service	Benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as follows: Year Ending April 30, Deferred Retirement (in thousands) 2018 $ 8,906 2019 9,148 2020 9,653 2021 9,163 2022 9,122 2023-2027 83,403
Deferred Compensation and Pension Plans
Reconciliation Of Benefit Obligation	The following tables reconcile the benefit obligation for the deferred compensation plans: Year Ended April 30, 2017 2016 2015 (in thousands) Change in benefit obligation: Benefit obligation, beginning of year $ 124,566 $ 89,138 $ 86,577 Service cost 5,507 — — Interest cost 3,820 3,423 2,989 Actuarial (gain) loss (4,791 ) 4,393 5,864 Acquisitions — 39,079 — Settlements — (4,799 ) — Benefits paid from plan assets (1,884 ) (595 ) — Benefits paid from cash (6,176 ) (6,073 ) (6,292 ) Benefit obligation, end of year 121,042 124,566 89,138 Change in fair value of plan assets: Fair value of plan assets, beginning of year 24,867 — — Actual return on plan assets 2,463 (78 ) — Benefits paid from plan assets (1,884 ) (595 ) — Acquisitions — 25,540 — Fair value of plan assets, end of year 25,446 24,867 — Funded status and balance, end of year (1) $ (95,596 ) $ (99,699 ) $ (89,138 ) Current liability $ 6,182 $ 5,845 $ 5,832 Non-current liability 89,414 93,854 83,306 Total liability $ 95,596 $ 99,699 $ 89,138 Plan Assets - weighted-average asset allocation: Equity securities 54 % 64 % — % Debt securities 46 % 31 % — % Other — % 5 % — % Total 100 % 100 % — % (1) 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. As of April 30, 2017, 2016 and 2015, the Company held contracts with gross CSV of $180.3 million, $175.7 million and $172.3 million, offset by outstanding policy loans of $67.2 million, $68.4 million and $69.6 million, respectively.
Medical and Life Insurance
Components of Net Periodic Benefits Costs	The components of net periodic benefits costs are as follows: Year Ended April 30, 2017 2016 (in thousands) Service cost $ 155 $ 62 Interest cost 426 208 Net periodic benefit cost $ 581 $ 270
Weighted-Average Assumptions Used in Calculating Benefit Obligation	The weighted-average assumptions used in calculating the Medical and Life Insurance plan were as follows: Year Ended April 30, 2017 2016 Discount rate, beginning of year or acquisition date 3.36 % 4.10 % Discount rate, end of year 3.75 % 3.36 % Healthcare care cost trend rate 7.00 % 7.00 %
Expected Benefit Payments Associated With Future Service	Benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as follows: Year Ending April 30, Medical and Life (in thousands) 2018 $ 770 2019 781 2020 804 2021 820 2022 828 2023-2027 4,102
Reconciliation of Benefit Obligation	The following table reconciles the benefit obligation for the medical and life insurance plan: Year End April 30, 2017 2016 (in thousands) Change in benefit obligation: Benefit obligation, beginning of year $ 13,006 $ — Acquisitions — 12,322 Service cost 155 62 Interest cost 426 208 Actuarial (gain) loss (833 ) 816 Benefits paid (607 ) (402 ) Benefit obligation, end of year $ 12,147 $ 13,006 Current liability $ 765 $ 673 Non-current liability 11,382 12,333 Total liability $ 12,147 $ 13,006
Executive Capital Accumulation Plan
Reconciliation of Benefit Obligation	Changes in the ECAP liability were as follows: Year Ended April 30, 2017 2016 (in thousands) Balance, beginning of year $ 105,676 $ 99,461 Employee contributions 5,349 7,015 Amortization of employer contributions 13,667 16,439 Gain (loss) on investment 10,565 (1,654 ) Employee distributions (23,044 ) (15,201 ) Exchange rate fluctuations (629 ) (384 ) Balance, end of year 111,584 105,676 Less: current portion (4,496 ) (11,092 ) Non-current portion $ 107,088 $ 94,584

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	12 Months Ended
	Apr. 30, 2017
Changes in Restructuring Liability	Changes in the restructuring liability were as follows: Severance Facilities Total (in thousands) Liability as of April 30, 2015 $ 375 $ 771 $ 1,146 Restructuring charges, net 32,151 862 33,013 Reductions for cash payments (25,625 ) (834 ) (26,459 ) Non-cash items (1,752 ) (91 ) (1,843 ) Exchange rate fluctuations 144 (39 ) 105 Liability as of April 30, 2016 5,293 669 5,962 Restructuring charges, net 15,963 18,637 34,600 Reductions for cash payments (14,974 ) (8,703 ) (23,677 ) Non-cash items — (2,024 ) (2,024 ) Exchange rate fluctuations (941 ) (225 ) (1,166 ) Liability as of April 30, 2017 $ 5,341 $ 8,354 $ 13,695
Summary of Restructuring Liability by Segment	The restructuring liability by segment is summarized below: April 30, 2017 Severance Facilities Total (in thousands) Executive Search North America $ 134 $ 250 $ 384 Europe, Middle East and Africa (“EMEA”) 393 — 393 Asia Pacific — 6 6 Latin America — 87 87 Total Executive Search 527 343 870 Hay Group 4,814 7,879 12,693 Futurestep — 132 132 Liability as of April 30, 2017 $ 5,341 $ 8,354 $ 13,695 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

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2017
Provision (Benefit) for Domestic and Foreign Income Taxes	The provision (benefit) for domestic and foreign income taxes was as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Current income taxes: Federal $ (2,026 ) $ 13,087 $ 16,569 State 1,207 3,271 2,412 Foreign 23,334 16,394 13,650 Current provision for income taxes 22,515 32,752 32,631 Deferred income taxes: Federal 3,341 (5,334 ) 3,140 State 341 (1,838 ) (239 ) Foreign 2,907 (6,620 ) (2,006 ) Deferred provision (benefit) for income taxes 6,589 (13,792 ) 895 Total provision for income taxes $ 29,104 $ 18,960 $ 33,526
Domestic and Foreign Components Of Income from Continuing Operations before Domestic and Foreign Income and Other Taxes and Equity in Earnings	The domestic and foreign components of income from continuing operations before domestic and foreign income and other taxes and equity in earnings of unconsolidated subsidiaries were as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Domestic $ 5,539 $ 22,228 $ 65,885 Foreign 110,470 26,534 53,817 Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries $ 116,009 $ 48,762 $ 119,702
Reconciliation of Statutory Federal Income Tax Rate to Effective Consolidated Tax Rate	The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows: Year Ended April 30, 2017 2016 2015 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % Non-deductible transaction costs — 5.8 — Foreign tax rates differential (9.1 ) (2.8 ) (4.2 ) COLI increase, net (1.5 ) (2.9 ) (3.1 ) Conclusion of U.S. federal tax audit — (4.4 ) — Non-deductible operating expenses 0.6 1.5 0.5 Devaluation of Venezuelan currency — 7.4 — Change in valuation allowance (3.1 ) (6.2 ) — Change in uncertain tax positions — 1.3 (0.1 ) Foreign source income, net of credits generated (0.1 ) 0.5 0.4 Other 3.3 3.7 (0.5 ) Effective income tax rate 25.1 % 38.9 % 28.0 %
Components of Deferred Tax Assets and Liabilities	Components of deferred tax assets and liabilities are as follows: April 30, 2017 2016 (in thousands) Deferred tax assets: Deferred compensation $ 92,043 $ 91,712 Loss and credit carryforwards 32,854 31,023 Reserves and accruals 14,095 14,189 Deferred rent 9,797 7,684 Deferred revenue 2,434 11,464 Allowance for doubtful accounts 1,705 1,431 Other 3,041 5,002 Gross deferred tax assets 155,969 162,505 Deferred tax liabilities: Intangibles (90,214 ) (94,284 ) Property and equipment (11,507 ) (10,603 ) Prepaid expenses (17,324 ) (12,698 ) Other (2,485 ) (815 ) Gross deferred tax liabilities (121,530 ) (118,400 ) Valuation allowances (21,278 ) (22,030 ) Net deferred tax asset $ 13,161 $ 22,075
Changes in Unrecognized Tax Benefits	A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows: Year Ended April 30, 2017 2016 2015 (in thousands) Unrecognized tax benefits, beginning of year $ 2,095 $ 2,423 $ 2,701 Settlement with tax authority — (1,963 ) (497 ) Additions based on tax positions related to the current year 383 1,305 219 Additions based on tax positions related to prior years — 330 — Unrecognized tax benefits, end of year $ 2,478 $ 2,095 $ 2,423

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Apr. 30, 2017
Property and Equipment, Net	Property and equipment include the following: April 30, 2017 2016 (in thousands) Computer equipment and software (1) $ 160,399 $ 148,769 Leasehold improvements 75,921 59,858 Furniture and fixtures 39,848 43,069 Automobiles 1,956 2,103 278,124 253,799 Less: accumulated depreciation and amortization (168,557 ) (158,363 ) Property and equipment, net $ 109,567 $ 95,436 (1) Depreciation expense for capitalized software was $12.6 million, $11.3 million and $9.0 million during fiscal 2017, 2016 and 2015, respectively. The net book value of the Company’s computer software costs included in property and equipment, net was $33.2 million and $32.3 million as of April 30, 2017 and 2016, respectively.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Apr. 30, 2017
Principal Payments on Term Facility	purposes. Principal payments under the term facility are as follows: Year Ending April 30, Principal (in thousands) 2018 $ 20,625 2019 25,781 2020 27,500 2021 27,500 2022 158,125 $ 259,531

Business Segments (Tables)

Business Segments (Tables)	12 Months Ended
	Apr. 30, 2017
Financial Highlights by Business Segment	Financial highlights by business segment are as follows: Year Ended April 30, 2017 Executive Search North EMEA Asia Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 356,625 $ 146,506 $ 80,169 $ 34,376 $ 617,676 $ 724,186 $ 223,659 $ — $ 1,565,521 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Adjusted fee revenue $ 356,625 $ 146,506 $ 80,169 $ 34,376 $ 617,676 $ 727,721 $ 223,659 $ — $ 1,569,056 Total revenue $ 369,803 $ 150,113 $ 81,744 $ 34,533 $ 636,193 $ 741,533 $ 243,943 $ — $ 1,621,669 Net income attributable to Korn/Ferry International $ 84,181 Net income attributable to noncontrolling interest 3,057 Other income, net (11,820 ) Interest expense, net 10,251 Equity in earnings of unconsolidated subsidiaries, net (333 ) Income tax provision 29,104 Operating income (loss) $ 81,550 $ 27,854 $ 8,580 $ 6,268 $ 124,252 $ 47,302 $ 29,986 $ (87,100 ) $ 114,440 Depreciation and amortization 3,812 1,030 1,060 483 6,385 32,262 2,818 5,795 47,260 Other income (loss), net 844 (15 ) 300 684 1,813 341 (91 ) 9,757 11,820 Equity in earnings of unconsolidated subsidiaries, net 333 — — — 333 — — — 333 EBITDA 86,539 28,869 9,940 7,435 132,783 79,905 32,713 (71,548 ) 173,853 Restructuring charges, net 1,719 629 1,495 773 4,616 29,663 101 220 34,600 Integration/acquisition cost — — — — — 14,440 — 7,939 22,379 Deferred revenue adjustment due to acquisition — — — — — 3,535 — — 3,535 Separation costs — — — — — 609 — — 609 Adjusted EBITDA $ 88,258 $ 29,498 $ 11,435 $ 8,208 $ 137,399 $ 128,152 $ 32,814 $ (63,389 ) $ 234,976 Identifiable assets (1) $ 340,069 $ 158,927 $ 87,845 $ 26,897 $ 613,738 $ 1,057,611 $ 116,717 $ 274,832 $ 2,062,898 Long-lived assets (1) $ 23,746 $ 11,089 $ 8,371 $ 3,262 $ 46,468 $ 37,846 $ 6,693 $ 18,560 $ 109,567 Goodwill (1) $ 46,201 $ 44,976 $ 972 $ — $ 92,149 $ 457,241 $ 27,475 $ — $ 576,865 Year Ended April 30, 2016 Executive Search North EMEA Asia Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 371,345 $ 144,319 $ 80,506 $ 26,744 $ 622,914 $ 471,145 $ 198,053 $ — $ 1,292,112 Deferred revenue adjustment due to acquisition — — — — — 10,967 — — 10,967 Adjusted fee revenue $ 371,345 $ 144,319 $ 80,506 $ 26,744 $ 622,914 $ 482,112 $ 198,053 $ — $ 1,303,079 Total revenue $ 386,256 $ 148,285 $ 83,206 $ 26,781 $ 644,528 $ 488,217 $ 213,969 $ — $ 1,346,714 Net income attributable to Korn/Ferry International $ 30,913 Net income attributable to noncontrolling interest 520 Other loss, net 4,167 Interest income, net (237 ) Equity in earnings of unconsolidated subsidiaries, net (1,631 ) Income tax provision 18,960 Operating income (loss) $ 100,381 $ 20,607 $ 12,572 $ (1,854 ) $ 131,706 $ (3,415 ) $ 26,702 $ (102,301 ) $ 52,692 Depreciation and amortization 3,267 1,029 941 312 5,549 21,854 2,386 6,431 36,220 Other (loss) income, net (147 ) 433 21 312 619 (868 ) 364 (4,282 ) (4,167 ) Equity in earnings of unconsolidated subsidiaries, net 437 — — — 437 — — 1,194 1,631 EBITDA 103,938 22,069 13,534 (1,230 ) 138,311 17,571 29,452 (98,958 ) 86,376 Restructuring charges, net 499 5,807 577 322 7,205 25,682 49 77 33,013 Integration/acquisition costs — — — — — 17,607 — 27,802 45,409 Venezuelan foreign currency loss — — — 6,635 6,635 7,085 — — 13,720 Deferred revenue adjustment due to acquisition — — — — — 10,967 — — 10,967 Separation costs — — — — — — — 744 744 Adjusted EBITDA $ 104,437 $ 27,876 $ 14,111 $ 5,727 $ 152,151 $ 78,912 $ 29,501 $ (70,335 ) $ 190,229 Identifiable assets (1) $ 227,228 $ 150,516 $ 86,394 $ 24,273 $ 488,411 $ 1,005,457 $ 104,396 $ 300,336 $ 1,898,600 Long-lived assets (1) $ 19,044 $ 4,817 $ 3,708 $ 1,479 $ 29,048 $ 42,974 $ 4,635 $ 18,779 $ 95,436 Goodwill (1) $ 48,320 $ 46,193 $ 972 $ — $ 95,485 $ 465,937 $ 28,650 $ — $ 590,072 Year Ended April 30, 2015 Executive Search North EMEA Asia Latin Subtotal Hay Group Futurestep Corporate Consolidated (in thousands) Fee revenue $ 330,634 $ 153,465 $ 84,148 $ 29,160 $ 597,407 $ 267,018 $ 163,727 $ — $ 1,028,152 Total revenue $ 344,913 $ 158,052 $ 87,142 $ 29,218 $ 619,325 $ 275,220 $ 171,521 $ — $ 1,066,066 Net income attributable to Korn/Ferry International $ 88,357 Net income attributable to noncontrolling interest — Other income, net (7,458 ) Interest expense, net 1,784 Equity in earnings of unconsolidated subsidiaries, net (2,181 ) Income tax provision 33,526 Operating income (loss) $ 80,818 $ 18,867 $ 14,631 $ 4,704 $ 119,020 $ 28,175 $ 19,940 $ (53,107 ) $ 114,028 Depreciation and amortization 3,515 1,764 1,045 350 6,674 13,427 1,882 5,614 27,597 Other income (loss), net 288 83 369 109 849 (22 ) 54 6,577 7,458 Equity in earnings of unconsolidated subsidiaries, net 426 — — — 426 — — 1,755 2,181 EBITDA 85,047 20,714 16,045 5,163 126,969 41,580 21,876 (39,161 ) 151,264 Restructuring charges, net 1,151 3,987 17 229 5,384 2,758 1,154 172 9,468 Acquisition costs — — — — — — — 959 959 Adjusted EBITDA $ 86,198 $ 24,701 $ 16,062 $ 5,392 $ 132,353 $ 44,338 $ 23,030 $ (38,030 ) $ 161,691 Identifiable assets (1) $ 327,446 $ 156,072 $ 94,099 $ 25,328 $ 602,945 $ 265,546 $ 103,782 $ 345,528 $ 1,317,801 Long-lived assets (1) $ 17,271 $ 3,885 $ 4,235 $ 966 $ 26,357 $ 12,377 $ 4,204 $ 19,150 $ 62,088 Goodwill (1) $ 49,603 $ 45,922 $ 972 $ — $ 96,497 $ 129,549 $ 28,394 $ — $ 254,440 (1) As of the end of the fiscal year.
Fee Revenue Classified by Country	Fee revenue classified by country in which the Company derives revenues are as follows: Year Ended April 30, 2017 2016 2015 (in thousands) U.S. $ 728,871 $ 669,585 $ 557,024 Other countries 836,650 622,527 471,128 Total fee revenue $ 1,565,521 $ 1,292,112 $ 1,028,152
Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Controlling Countries over Ten Percent	Long-lived assets, excluding financial instruments and tax assets, classified by controlling countries over 10% of the total are as follows: Year Ended April 30, 2017 2016 2015 (in thousands) U.S. (1) $ 70,949 $ 64,525 $ 50,103 Other countries 38,618 30,911 11,985 Total long-lived assets $ 109,567 $ 95,436 $ 62,088 (1) Includes Corporate long-lived assets

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Apr. 30, 2017
Summary Of Acquisitions	The following is a summary of acquisitions the Company completed during the periods indicated (no acquisitions were completed in fiscal 2017): Year Ended April 30, 2016 (1) 2015 (2) (in thousands) Receivables due from clients $ 116,509 $ 3,085 Other current assets 15,587 56 Property and equipment 29,428 202 Intangible assets 196,400 6,600 Other non-current assets 7,345 18 Current liabilities 125,640 2,635 Deferred compensation and other retirement plans 31,400 — Deferred tax liabilities 58,729 — Other liabilities 8,536 56 Net assets acquired 140,964 7,270 Purchase price 476,885 17,496 Goodwill $ 335,921 $ 10,226 Integration/acquisition costs $ 45,409 $ 959 Goodwill by segment – Hay Group $ 335,921 $ 10,226 (1) On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company’s common stock, par value $0.01 per share (the “Consideration Shares”), representing an aggregate value of $217.9 million based on the closing price of the Company’s common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company’s intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage Search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company’s consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment. (2) On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company’s talent management solution with Pivot’s executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company’s consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Apr. 30, 2017
Changes in Carrying Value of Goodwill by Reportable Segment	Changes in the carrying value of goodwill by reportable segment were as follows: Executive Search North EMEA Asia Subtotal Hay Group Futurestep Consolidated (in thousands) Balance as of May 1, 2015. $ 49,603 $ 45,922 $ 972 $ 96,497 $ 129,549 $ 28,394 $ 254,440 Additions — — — — 335,921 — 335,921 Exchange rate fluctuations. (1,283 ) 271 — (1,012 ) 467 256 (289 ) Balance as of April 30, 2016. 48,320 46,193 972 95,485 465,937 28,650 590,072 Adjustments — — — — (8,179 ) — (8,179 ) Exchange rate fluctuations. (2,119 ) (1,217 ) — (3,336 ) (517 ) (1,175 ) (5,028 ) Balance as of April 30, 2017. $ 46,201 $ 44,976 $ 972 $ 92,149 $ 457,241 $ 27,475 $ 576,865
Intangible Assets	Intangible assets include the following: April 30, 2017 April 30, 2016 (in thousands) Amortized intangible assets: Gross Accumulated Net Gross Accumulated Net Customer lists $ 125,099 $ (31,094 ) $ 94,005 $ 125,099 $ (19,910 ) $ 105,189 Intellectual property 33,100 (16,994 ) 16,106 33,100 (13,281 ) 19,819 Proprietary databases 4,256 (3,202 ) 1,054 4,256 (2,777 ) 1,479 Trademarks 3,986 (3,986 ) — 3,986 (3,986 ) — Non-compete agreements 910 (833 ) 77 910 (753 ) 157 Total $ 167,351 $ (56,109 ) 111,242 $ 167,351 $ (40,707 ) 126,644 Unamortized intangible assets: Trademarks 106,000 106,000 Exchange rate fluctuations 77 383 Total Intangible assets $ 217,319 $ 233,027
Estimated Annual Amortization Expense Related to Amortizing Intangible Assets	Estimated annual amortization expense related to amortizing intangible assets is as follows: Year Ending April 30, Estimated Annual Amortization Expense (in thousands) 2018 $ 14,742 2019 13,487 2020 13,204 2021 13,280 2022 13,269 Thereafter 43,260 $ 111,242

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2017
Future Minimum Commitments Under Non-Cancelable Operating Leases	Future minimum commitments under non-cancelable operating leases with lease terms in excess of one year excluding commitments accrued in the restructuring liability are as follows: Year Ending April 30, Lease (in thousands) 2018 $ 62,384 2019 57,812 2020 54,817 2021 50,418 2022 44,100 Thereafter 145,284 $ 414,815

Quarterly Results (Tables)

Quarterly Results (Tables)	12 Months Ended
	Apr. 30, 2017
Schedule of Unaudited Quarterly Information	The following table sets forth certain unaudited consolidated statement of income data for the quarters in fiscal 2017 and 2016. The unaudited quarterly information has been prepared on the same basis as the annual financial statements and, in management’s opinion, includes all adjustments necessary to present fairly the information for the quarters presented. Quarters Ended Fiscal 2017 Fiscal 2016 April 30 January 31 October 31 July 31 April 30 January 31 October 31 July 31 (in thousands, except per share data) Fee revenue $ 406,065 $ 381,918 $ 401,917 $ 375,621 $ 399,960 $ 344,158 $ 280,600 $ 267,394 Operating income (loss) $ 32,834 $ 30,542 $ 46,548 $ 4,516 $ 4,842 $ (14,067 ) $ 29,013 $ 32,904 Net income (loss) $ 27,736 $ 24,378 $ 31,056 $ 4,068 $ 6,375 $ (15,995 ) $ 17,971 $ 23,082 Net income (loss) attributable to Korn/Ferry International $ 26,924 $ 23,897 $ 30,152 $ 3,208 $ 5,855 $ (15,995 ) $ 17,971 $ 23,082 Net earnings (loss) per common share: Basic. $ 0.48 $ 0.42 $ 0.53 $ 0.06 $ 0.10 $ (0.30 ) $ 0.36 $ 0.46 Diluted. $ 0.47 $ 0.42 $ 0.52 $ 0.06 $ 0.10 $ (0.30 ) $ 0.35 $ 0.46

Organization and Summary of S40

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended								12 Months Ended
	Apr. 30, 2017USD ($)$ / shares	Jan. 31, 2017$ / shares	Oct. 31, 2016$ / shares	Jul. 31, 2016USD ($)$ / shares	Apr. 30, 2016USD ($)$ / shares	Jan. 31, 2016$ / shares	Oct. 31, 2015$ / shares	Jul. 31, 2015$ / shares	Apr. 30, 2017USD ($)$ / shares	Apr. 30, 2016USD ($)$ / shares	Apr. 30, 2015USD ($)$ / shares	Feb. 17, 2016VEF / $	Feb. 16, 2016VEF / $
Organization And Summary Of Significant Accounting Policies [Line Items]
Investments in affiliated companies maximum	50.00%								50.00%
Dividends received from unconsolidated subsidiary									$ 564,000	$ 2,373,000	$ 1,656,000
Deferred revenue	$ 95,800,000				$ 95,900,000				95,800,000	95,900,000
Impairment of long-lived assets									0	0	0
Impairment of goodwill									0
Impairment of intangible assets									0	0
Performance related bonus expenses									$ 179,600,000	186,500,000	166,400,000
Percentage that Actuarial gain or loss must exceed the greater of PBO or Market Value Plan Assets									10.00%
Foreign currency losses/(gains), after tax									$ (200,000)	8,700,000	$ 1,600,000
Foreign currency exchange rate, translation | VEF / $												10	6.3
Venezuelan foreign currency loss										$ 13,720,000
Diluted (loss) earnings per share | $ / shares	$ 0.47	$ 0.42	$ 0.52	$ 0.06	$ 0.10	$ (0.30)	$ 0.35	$ 0.46	$ 1.47	$ 0.58	$ 1.76
CSV of COLI Contracts
Organization And Summary Of Significant Accounting Policies [Line Items]
Gross CSV	$ 180,300,000				$ 175,700,000				$ 180,300,000	$ 175,700,000
Outstanding policy loans	67,200,000				68,400,000				67,200,000	68,400,000
Receivable on insolvency of insurance companies	$ 61,300,000				$ 55,900,000				$ 61,300,000	$ 55,900,000
Devaluation Of Venezuelan Bolivar
Organization And Summary Of Significant Accounting Policies [Line Items]
Diluted (loss) earnings per share | $ / shares										$ (0.26)
Free-Floating Exchange Rate
Organization And Summary Of Significant Accounting Policies [Line Items]
Foreign currency exchange rate, translation | VEF / $												200
Rate used to calculate the impact of devaluation
Organization And Summary Of Significant Accounting Policies [Line Items]
Foreign currency exchange rate, translation | VEF / $												260
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
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives									1 year
Minimum | Executive Capital Accumulation Plan
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred compensation arrangement vesting period									4 years
Minimum | Software and Software Development Costs
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment estimated useful life									3 years
Minimum | Other Capitalized Property Plant and Equipment
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment estimated useful life									3 years
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives									24 years
Maximum | Executive Capital Accumulation Plan
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred compensation arrangement vesting period									5 years
Maximum | Software and Software Development Costs
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment estimated useful life									7 years
Maximum | Other Capitalized Property Plant and Equipment
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment estimated useful life									10 years

Basic and Diluted Earnings Pe41

Basic and Diluted Earnings Per Share - Additional Information (Detail) - shares shares in Millions	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
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	0.6	0.5

Basic and Diluted Earnings pe42

Basic and Diluted Earnings per Common Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Earnings Per Share Disclosure [Line Items]
Net income attributable to Korn/Ferry International	$ 26,924	$ 23,897	$ 30,152	$ 3,208	$ 5,855	$ (15,995)	$ 17,971	$ 23,082	$ 84,181	$ 30,913	$ 88,357
Less: distributed and undistributed earnings to nonvested restricted stockholders									765	280	860
Basic net earnings attributable to common stockholders									83,416	30,633	87,497
Add: undistributed earnings to nonvested restricted stockholders									560	82	815
Less: reallocation of undistributed earnings to nonvested restricted stockholders									553	81	804
Diluted net earnings attributable to common stockholders									$ 83,423	$ 30,634	$ 87,508
Basic weighted-average number of common shares outstanding									56,205	52,372	49,052
Diluted weighted-average number of common shares outstanding									56,900	52,929	49,766
Basic earnings per share	$ 0.48	$ 0.42	$ 0.53	$ 0.06	$ 0.10	$ (0.30)	$ 0.36	$ 0.46	$ 1.48	$ 0.58	$ 1.78
Diluted earnings per share	$ 0.47	$ 0.42	$ 0.52	$ 0.06	$ 0.10	$ (0.30)	$ 0.35	$ 0.46	$ 1.47	$ 0.58	$ 1.76
ESPP
Earnings Per Share Disclosure [Line Items]
Stock									25	20	4
Restricted Stock
Earnings Per Share Disclosure [Line Items]
Stock									646	487	605
Stock Options
Earnings Per Share Disclosure [Line Items]
Stock									24	50	105

Components of Accumulated Other

Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	$ (55,359)	$ (36,339)
Deferred compensation and pension plan adjustments, net of taxes	(15,127)	(21,572)
Interest rate swap unrealized loss, net of taxes	(578)
Accumulated other comprehensive loss, net	$ (71,064)	$ (57,911)

Changes in Each Component of Ac

Changes in Each Component of Accumulated Other Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands		12 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 1,045,300
Unrealized (losses) gains arising during the period		(15,071)	$ (19,077)	$ (40,122)
Reclassification of realized net losses to net income		1,918	1,789	1,887
Ending balance		1,083,439	1,045,300
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(36,339)	(20,919)	15,604
Unrealized (losses) gains arising during the period		(19,020)	(15,420)	(36,523)
Ending balance		(55,359)	(36,339)	(20,919)
Accumulated Defined Benefit Plan Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	(21,572)	(19,708)	(18,006)
Unrealized (losses) gains arising during the period	[1]	4,584	(3,653)	(3,589)
Reclassification of realized net losses to net income	[1]	1,861	1,789	1,887
Ending balance	[1]	(15,127)	(21,572)	(19,708)
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			4	14
Unrealized (losses) gains arising during the period			(4)	(10)
Ending balance				4
Unrealized Losses on Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized (losses) gains arising during the period	[2]	(635)
Reclassification of realized net losses to net income	[2]	57
Ending balance	[2]	(578)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(57,911)	(40,623)	(2,388)
Unrealized (losses) gains arising during the period		(15,071)	(19,077)	(40,122)
Reclassification of realized net losses to net income		1,918	1,789	1,887
Ending balance		$ (71,064)	$ (57,911)	$ (40,623)
[1]	The tax effects on unrealized gains (losses) were $1.9 million, $(2.3) million and $(2.3) million as of April 30, 2017, 2016 and 2015, respectively. The tax effects on reclassifications of realized net losses were $1.2 million, $1.1 million and $1.2 million as of April 30, 2017, 2016 and 2015, respectively.
[2]	The tax effects on unrealized (losses) were $(0.4) million as of April 30, 2017.

Changes in Each Component of 45

Changes in Each Component of Accumulated Other Comprehensive (Loss) Income (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effect on reclassifications of realized net losses	$ 1,200	$ 1,100	$ 1,200
Tax effects on unrealized (losses) gains	1,900	$ (2,300)	$ (2,300)
Tax effect on unrealized (losses)	$ (406)

Components of Stock-Based Compe

Components of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax	$ 18,958	$ 18,895	$ 13,899
Tax benefit from stock-based compensation expense	(4,756)	(7,347)	(3,893)
Total stock-based compensation expense, net of tax	14,202	11,548	10,006
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax	18,045	18,288	13,602
Stock Options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax		17	135
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense, pre-tax	$ 913	$ 590	$ 162

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail)	12 Months Ended
	Apr. 30, 2017USD ($)$ / sharesshares	Apr. 30, 2016USD ($)$ / sharesshares	Apr. 30, 2015USD ($)shares	Apr. 30, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of tax withholdings on restricted stock | $	$ 4,758,000	$ 7,410,000	$ 4,038,000
Shares repurchased during the period, value | $	$ 33,579,000	$ 7,410,000	$ 4,038,000
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period	1,140,576	0	0
Shares repurchased during the period, value | $	$ 28,800,000	$ 0	$ 0
Time Based Restricted Stock
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
Total unrecognized compensation cost related to non-vested awards | $	$ 5,300,000
Performance Based Restricted Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Shares outstanding	100,000
Total unrecognized compensation cost related to non-vested awards | $	$ 5,400,000
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 | $	$ 800,000	$ 1,300,000	$ 3,000,000
Stock Options | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued for stock options exercised	53,955	87,648	178,950
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding	1,581,000	1,506,000	1,560,000	1,880,000
Total unrecognized compensation cost related to non-vested awards | $	$ 27,100,000
Expected cost recognized over weighted-average period	2 years 4 months 24 days
Shares repurchased during the period to pay for taxes	205,440	215,453
Payments of tax withholdings on restricted stock | $	$ 4,800,000	$ 7,400,000
Stock Incentive Plan
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
Issuance of full-value stock awards limitation, required ratio to stock options	2.3
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares reserved for issuance	3,000,000
Authorized payroll deductions	15.00%
Authorized payroll deductions, value | $	$ 25,000
Fair market price of common stock	85.00%
Shares available for future issuance	1,300,000
Employees stock purchased	207,141	95,135	0
Employees stock purchased, price per share | $ / shares	$ 20.93	$ 28.83

Restricted Stock Activity (Deta

Restricted Stock Activity (Detail) - Restricted Stock - $ / shares shares in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Non-vested, beginning of year	1,506	1,560	1,880
Shares, Granted	852	784	438
Shares, Vested	(751)	(809)	(705)
Shares, Forfeited/expired	(26)	(29)	(53)
Shares, Non-vested, end of year	1,581	1,506	1,560
Weighted-Average Grant Date Fair Value, Non-vested, beginning of year	$ 34.12	$ 22.15	$ 18.95
Weighted-Average Grant Date Fair Value, Granted	17.43	39.19	29.93
Weighted-Average Grant Date Fair Value, Vested	24.15	16.35	18.52
Weighted-Average Grant Date Fair Value, Forfeited/expired	26.80	23.38	21.13
Weighted-Average Grant Date Fair Value, Non-vested, end of year	$ 29.74	$ 34.12	$ 22.15

Financial Instruments and Balan

Financial Instruments and Balance Sheet Classification (Detail) - USD ($) $ in Thousands		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2014
Investment Holdings [Line Items]
Other Accrued Liabilities		$ (148,464)	$ (145,023)
Cash and cash equivalents		410,882	273,252	$ 380,838	$ 333,717
Marketable Securities, Current		4,363	11,338
Marketable securities, non-current		115,574	130,092
Fair Value, Inputs, Level 1
Investment Holdings [Line Items]
Cost		524,700	415,840
Unrealized Gains		6,697	1,395
Unrealized Losses		(578)	(2,553)
Fair Value		530,819	414,682
Cash and cash equivalents		410,882	273,252
Marketable Securities, Current		4,363	11,338
Marketable securities, non-current		115,574	130,092
Fair Value, Inputs, Level 1 | Cash
Investment Holdings [Line Items]
Cash and cash equivalents		409,824	269,558
Cost		409,824	269,558
Fair Value		409,824	269,558
Fair Value, Inputs, Level 1 | Money Market Funds
Investment Holdings [Line Items]
Cash and cash equivalents		1,058	3,694
Fair Value		1,058	3,694
Cost		1,058	3,694
Fair Value, Inputs, Level 1 | Mutual Funds
Investment Holdings [Line Items]
Unrealized Gains	[1]	6,697	1,395
Unrealized Losses	[1]	(578)	(2,553)
Marketable Securities, Current	[1]	4,363	11,338
Marketable securities, non-current	[1]	115,574	130,092
Cost	[1]	113,818	142,588
Fair Value	[1]	119,937	141,430
Fair Value, Inputs, Level 2 | Foreign Exchange Forward Contracts
Investment Holdings [Line Items]
Other Accrued Liabilities		(717)	(717)
Unrealized Gains		129	324
Unrealized Losses		(846)	(1,041)
Fair Value		(717)	$ (717)
Fair Value, Inputs, Level 2 | Interest Rate Swap
Investment Holdings [Line Items]
Unrealized Losses		(947)
Fair Value		(947)
Other Accrued Liabilities		$ (947)
[1]	These investments are held in trust for settlement of the Company's vested and unvested obligations of $137.1 million and $138.8 million as of April 30, 2017 and 2016, respectively, under the ECAP (see Note 6 - Deferred Compensation and Retirement Plans). During fiscal 2017 and 2015, the fair value of the investments increased; therefore, the Company recognized income of $10.8 million and $8.8 million, respectively which was recorded in other income (loss), net. During fiscal 2016, the fair value of the investments decreased; therefore, the Company recognized a loss of $3.3 million, which was recorded in other income (loss), net.

Financial Instruments and Bal50

Financial Instruments and Balance Sheet Classification (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Investment Holdings [Line Items]
Obligations for which assets are held in trust	$ 137,100	$ 138,800
Gain (loss) on marketable securities	$ 10,842	$ (3,333)	$ 8,829

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Mar. 31, 2017	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Financial Instrument [Line Items]
Proceeds from maturities of available-for-sale securities			$ 13.1	$ 5
Derivative losses included in AOCI		$ (0.8)
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts
Financial Instrument [Line Items]
Foreign currency gains (losses)		0.6	(1.8)
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Other Accrued Liabilities | Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount		19.4	14.5
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Other Accrued Liabilities | Derivatives Sold
Financial Instrument [Line Items]
Derivative notional amount		$ 70	$ 44.3
Designated as Hedge Instrument | Interest Rate Swap | Cash Flow Hedge
Financial Instrument [Line Items]
Derivative notional amount	$ 129.8
Derivative, Maturity Date	Jun. 15, 2021
Interest rate	1.919%

Fair Value of Derivative Design

Fair Value of Derivative Designated as Cash Flow Hedge Instrument (Detail) $ in Thousands	Apr. 30, 2017USD ($)
Designated as Hedge Instrument | Interest Rate Swap
Derivative liability:
Interest rate swap contract	$ 947

Summary of Losses on Interest R

Summary of Losses on Interest Rate Swap (Detail) - Interest Rate Swap $ in Thousands	12 Months Ended
	Apr. 30, 2017USD ($)
Derivative [Line Items]
Losses recognized in OCI (net of tax effects of $406)	$ 635
Losses reclassified from AOCI into interest income (expense), net	$ (94)

Summary of Losses on Interest54

Summary of Losses on Interest Rate Swap (Parenthetical) (Detail) $ in Thousands	12 Months Ended
	Apr. 30, 2017USD ($)
Derivative [Line Items]
Losses recognized in OCI, tax effects	$ 406
Interest Rate Swap
Derivative [Line Items]
Losses recognized in OCI, tax effects	$ 406

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	Apr. 30, 2017	Apr. 30, 2016
Derivative assets:
Fair Value of Derivative Assets	$ 129	$ 324
Derivative liabilities:
Fair Value of Derivative Liabilities	$ 846	$ 1,041

Deferred Compensation And Ret56

Deferred Compensation And Retirement Plans (Total Long-Term Benefit Obligations) (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Total benefit obligation	$ 231,348	$ 234,059
Less: current portion of benefit obligation	(11,443)	(17,946)
Non-current benefit obligation	219,905	216,113
Deferred Compensation and Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Total benefit obligation	95,596	99,699
Medical and Life Insurance Plan
Defined Benefit Plan Disclosure [Line Items]
Total benefit obligation	12,147	13,006
International Retirement Plans
Defined Benefit Plan Disclosure [Line Items]
Total benefit obligation	12,021	15,678
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Total benefit obligation	$ 111,584	$ 105,676

Deferred Compensation and Ret57

Deferred Compensation and Retirement Plans - Additional Information (Detail)	12 Months Ended
	Apr. 30, 2017USD ($)Person	Apr. 30, 2016USD ($)Person	Apr. 30, 2015USD ($)	Dec. 01, 2015Person	Apr. 30, 2014USD ($)
Defined Benefit Plan Disclosure [Line Items]
Recognized investment income(expense)	$ 10,842,000	$ (3,333,000)	$ 8,829,000
Increase in market value of the underlying COLI investments	4,918,000	3,984,000	10,509,000
Net CSV	113,067,000	107,296,000
Long Term Performance Unit Plan
Defined Benefit Plan Disclosure [Line Items]
Value per unit award	50,000
Annual Benefit Payments per vested unit after anniversary period	$ 25,000
Number of payments after the seventh anniversary of the grant date	5 years
Vesting percentage on each anniversary date	25.00%
CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	$ 180,300,000	175,700,000
Outstanding policy loans	67,200,000	68,400,000
Total death benefits payable, net of loans	220,600,000	216,700,000
Increase in market value of the underlying COLI investments	$ 4,900,000	4,000,000	10,500,000
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	50.00%
Target allocation range, maximum	70.00%
Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	30.00%
Target allocation range, maximum	50.00%
Other Assets
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	0.00%
Target allocation range, maximum	10.00%
Enhanced Wealth Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Participant contribution period towards deferred compensation plans (in years)	8 years
Participant after tax contribution period towards deferred compensation plans (in years)	15 years
Additional deferred units to acquire (in years)	5 years
Senior Executive Incentive Plan
Defined Benefit Plan Disclosure [Line Items]
Participant contribution period towards deferred compensation plans (in years)	4 years
Participant after tax contribution period towards deferred compensation plans (in years)	15 years
Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Participant employment term, maximum years	20 years
Deferred Compensation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation and pension plans in periodic benefit expense cost expected to be recognized	$ 2,300,000
Total benefit obligation	121,042,000	124,566,000	89,138,000		$ 86,577,000
Deferred Compensation Plan | CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	180,300,000	175,700,000	172,300,000
Outstanding policy loans	$ 67,200,000	68,400,000	69,600,000
Medical and Life Insurance | Legacy Hay
Defined Benefit Plan Disclosure [Line Items]
Benefit plan, number of participants | Person				190
Defined benefit plan health care cost trend rate assumed	7.00%
Defined benefit plan ultimate health care cost trend rate	5.00%
Defined benefit plan year that rate reaches ultimate trend rate	2,022
Defined benefit plan effect of one percentage point increase on accumulated postretirement benefit obligation	$ 100,000
Defined benefit plan effect of one percentage point decrease on accumulated postretirement benefit obligation	100,000
Total benefit obligation	12,147,000	13,006,000
International Retirement Plans
Defined Benefit Plan Disclosure [Line Items]
Total benefit obligation	$ 12,000,000	$ 15,400,000
Long-term benefit obligation accrued, number of participants | Person	1,710	1,450
Company's contributions	$ 9,300,000	$ 5,100,000
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Total benefit obligation	111,584,000	105,676,000	99,461,000
Company's contributions	6,200,000	23,200,000	19,100,000
Gain (loss) on deferred compensation plan	10,565,000	(1,654,000)	$ 5,900,000
Company's contributions, unamortized portion	$ 25,500,000	33,200,000
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
Defined Contribution Plan
Defined Benefit Plan Disclosure [Line Items]
Company's matching contributions	$ 1,800,000	$ 1,700,000
Percentage contribution by the participants to defined contribution plan	50.00%
Company Owned Life Insurance Held In Trust | CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Net CSV	$ 59,500,000
Total death benefits, net of loans held in trust	$ 99,900,000

Deferred Compensation And Ret58

Deferred Compensation And Retirement Plans (Reconciliation Of Benefit Obligation) (Detail) - USD ($) $ in Thousands		12 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Total liability		$ 231,348	$ 234,059
Deferred Compensation Plan
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning of period		124,566	89,138	$ 86,577
Service cost		5,507
Interest cost		3,820	3,423	2,989
Actuarial (gain) loss		(4,791)	4,393	5,864
Acquisitions			39,079
Settlements			(4,799)
Benefits paid from plan assets		(1,884)	(595)
Benefits paid from cash		(6,176)	(6,073)	(6,292)
Benefit obligation, end of year		121,042	124,566	89,138
Fair value of plan assets, beginning of year		24,867
Actual return on plan assets		2,463	(78)
Benefits paid from plan assets		(1,884)	(595)
Acquisitions			25,540
Fair value of plan assets, end of year		25,446	24,867
Funded status and balance, end of year	[1]	(95,596)	(99,699)	(89,138)
Current liability		6,182	5,845	5,832
Non-current liability		89,414	93,854	83,306
Total liability		$ 95,596	$ 99,699	89,138
Plan assets weighted average allocation		100.00%	100.00%
Deferred Compensation Plan | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets weighted average allocation		54.00%	64.00%
Deferred Compensation Plan | Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets weighted average allocation		46.00%	31.00%
Deferred Compensation Plan | Other
Defined Benefit Plan Disclosure [Line Items]
Plan assets weighted average allocation			5.00%
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning of period		$ 105,676	$ 99,461
Employee contributions		5,349	7,015
Amortization of employer contributions		13,667	16,439
Gain (loss) on investment		10,565	(1,654)	5,900
Benefits paid from cash		(23,044)	(15,201)
Exchange rate fluctuations		(629)	(384)
Benefit obligation, end of year		111,584	105,676	$ 99,461
Current liability		4,496	11,092
Non-current liability		107,088	94,584
Total liability		$ 111,584	$ 105,676
[1]	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. As of April 30, 2017, 2016 and 2015, the Company held contracts with gross CSV of $180.3 million, $175.7 million and $172.3 million, offset by outstanding policy loans of $67.2 million, $68.4 million and $69.6 million, respectively.

Deferred Compensation And Ret59

Deferred Compensation And Retirement Plans (Reconciliation Of Benefit Obligation) (Parenthetical) (Detail) - CSV of COLI Contracts - USD ($) $ in Millions	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	$ 180.3	$ 175.7
Outstanding policy loans	67.2	68.4
Deferred Compensation Plan
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	180.3	175.7	$ 172.3
Outstanding policy loans	$ 67.2	$ 68.4	$ 69.6

Fair Value Measurements of Defi

Fair Value Measurements of Defined Benefit Plan Assets (Detail) - Deferred Compensation and Pension Plans - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets	$ 25,446	$ 24,867
Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets	25,446	7,990
Defined Benefit Plan Common Stock
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		7,910
Corporate Bonds And Municipal Bonds
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		5,597
US Treasury and Government
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		2,055
Money Market Funds
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		1,315
Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		17,215
Fair Value, Inputs, Level 1 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		7,990
Fair Value, Inputs, Level 1 | Defined Benefit Plan Common Stock
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		7,910
Fair Value, Inputs, Level 1 | Money Market Funds
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		1,315
Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets	25,446	7,652
Fair Value, Inputs, Level 2 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets	$ 25,446
Fair Value, Inputs, Level 2 | Corporate Bonds And Municipal Bonds
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		5,597
Fair Value, Inputs, Level 2 | US Treasury and Government
Defined Benefit Plan Disclosure [Line Items]
Total defined benefit plan assets		$ 2,055

Components of Net Periodic Bene

Components of Net Periodic Benefits Costs (Detail) - Deferred Compensation Plan - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 5,507
Interest cost	3,820	$ 3,423	$ 2,989
Amortization of actuarial loss	3,051	2,924	3,050
Expected return on plan assets	(1,559)	(682)
Net periodic benefit cost	$ 10,819	$ 5,665	$ 6,039

Deferred Compensation And Ret62

Deferred Compensation And Retirement Plans (Weighted-Average Assumptions Used In Calculating The Benefit Obligations) (Detail)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Discount rate, beginning of period	3.18%	3.28%	3.60%
Discount rate, end of year	3.57%	3.18%	3.28%
Rate of compensation increase	0.00%	0.00%	0.00%
Expected long-term rates of return on plan assets	6.50%	6.50%
Medical and Life Insurance | Hay Group
Defined Benefit Plan Disclosure [Line Items]
Discount rate, beginning of period	3.36%	4.10%
Discount rate, end of year	3.75%	3.36%	4.10%
Healthcare care cost trend rate	7.00%	7.00%

Deferred Compensation And Ret63

Deferred Compensation And Retirement Plans (Expected Benefit Payments Associated With Future Service) (Detail) $ in Thousands	Apr. 30, 2017USD ($)
Deferred Compensation and Pension Plans
Defined Benefit Plan Disclosure [Line Items]
2,018	$ 8,906
2,019	9,148
2,020	9,653
2,021	9,163
2,022	9,122
2023-2027	83,403
Medical and Life Insurance | Hay Group
Defined Benefit Plan Disclosure [Line Items]
2,018	770
2,019	781
2,020	804
2,021	820
2,022	828
2023-2027	$ 4,102

Deferred Compensation and Ret64

Deferred Compensation and Retirement Plans (Reconciliation of Fair Value of Plan Assets) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Current liability	$ 11,443	$ 17,946
Non-current liability	219,905	216,113
Total liability	231,348	234,059
Medical and Life Insurance | Legacy Hay
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning of period	13,006
Acquisitions		12,322
Service cost	155	62
Interest cost	426	208
Actuarial (gain) loss	(833)	816
Benefits paid	(607)	(402)
Benefit obligation, end of year	12,147	13,006
Current liability	765	673
Non-current liability	11,382	12,333
Total liability	$ 12,147	$ 13,006

Deferred Compensation And Ret65

Deferred Compensation And Retirement Plans (Components Of Net Periodic Benefit Costs) (Detail) - Medical and Life Insurance - Hay Group - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 155	$ 62
Interest cost	426	208
Net periodic benefit cost	$ 581	$ 270

Restructuring Charges, Net - Ad

Restructuring Charges, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 34,600	$ 33,013	$ 9,468
Restructuring liability included in other long-term liabilities	4,600	600
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	15,963	32,151	9,200
Facilities
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 18,637	$ 862	$ 300

Changes In Restructuring Liabil

Changes In Restructuring Liability (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Restructuring Cost and Reserve [Line Items]
Liability, Beginning period	$ 5,962	$ 1,146
Restructuring charges, net	34,600	33,013	$ 9,468
Reductions for cash payments	(23,677)	(26,459)
Non-cash items	(2,024)	(1,843)
Exchange rate fluctuations	(1,166)	105
Liability, Ending period	13,695	5,962	1,146
Severance
Restructuring Cost and Reserve [Line Items]
Liability, Beginning period	5,293	375
Restructuring charges, net	15,963	32,151	9,200
Reductions for cash payments	(14,974)	(25,625)
Non-cash items		(1,752)
Exchange rate fluctuations	(941)	144
Liability, Ending period	5,341	5,293	375
Facilities
Restructuring Cost and Reserve [Line Items]
Liability, Beginning period	669	771
Restructuring charges, net	18,637	862	300
Reductions for cash payments	(8,703)	(834)
Non-cash items	(2,024)	(91)
Exchange rate fluctuations	(225)	(39)
Liability, Ending period	$ 8,354	$ 669	$ 771

Summary of Restructuring Liabil

Summary of Restructuring Liability by Segment (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 13,695	$ 5,962	$ 1,146
Operating Segments | Executive Search
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	870	1,594
Operating Segments | Executive Search | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	384	5
Operating Segments | Executive Search | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	393	1,556
Operating Segments | Executive Search | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	6	33
Operating Segments | Executive Search | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	87
Operating Segments | Hay Group
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	12,693	4,123
Operating Segments | Futurestep
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	132	245
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	5,341	5,293	375
Severance | Operating Segments | Executive Search
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	527	1,566
Severance | Operating Segments | Executive Search | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	134
Severance | Operating Segments | Executive Search | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	393	1,533
Severance | Operating Segments | Executive Search | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve		33
Severance | Operating Segments | Hay Group
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	4,814	3,727
Facilities
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	8,354	669	$ 771
Facilities | Operating Segments | Executive Search
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	343	28
Facilities | Operating Segments | Executive Search | North America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	250	5
Facilities | Operating Segments | Executive Search | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve		23
Facilities | Operating Segments | Executive Search | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	6
Facilities | Operating Segments | Executive Search | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	87
Facilities | Operating Segments | Hay Group
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	7,879	396
Facilities | Operating Segments | Futurestep
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 132	$ 245

Provision Benefit For Domestic

Provision Benefit For Domestic And Foreign Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Current income taxes:
Federal	$ (2,026)	$ 13,087	$ 16,569
State	1,207	3,271	2,412
Foreign	23,334	16,394	13,650
Current provision for income taxes	22,515	32,752	32,631
Deferred income taxes:
Federal	3,341	(5,334)	3,140
State	341	(1,838)	(239)
Foreign	2,907	(6,620)	(2,006)
Deferred provision (benefit) for income taxes	6,589	(13,792)	895
Total provision for income taxes	$ 29,104	$ 18,960	$ 33,526

Domestic and Foreign Components

Domestic and Foreign Components of Income (Loss) From Continuing Operations Before Domestic and Foreign Income and Other Taxes And Equity in Earnings of Unconsolidated Subsidiaries (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Income Taxes [Line Items]
Domestic	$ 5,539	$ 22,228	$ 65,885
Foreign	110,470	26,534	53,817
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	$ 116,009	$ 48,762	$ 119,702

Reconciliation of Statutory Fed

Reconciliation of Statutory Federal Income Tax Rate to Effective Consolidated Tax Rate (Detail)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Income Taxes [Line Items]
U.S. federal statutory income tax rate	35.00%	35.00%	35.00%
Non-deductible transaction costs		5.80%
Foreign tax rates differential	(9.10%)	(2.80%)	(4.20%)
COLI increase, net	(1.50%)	(2.90%)	(3.10%)
Conclusion of U.S. federal tax audit		(4.40%)
Non-deductible operating expenses	0.60%	1.50%	0.50%
Devaluation of Venezuelan currency		7.40%
Change in valuation allowance	(3.10%)	(6.20%)
Change in uncertain tax positions		1.30%	(0.10%)
Foreign source income, net of credits generated	(0.10%)	0.50%	0.40%
Other	3.30%	3.70%	(0.50%)
Effective income tax rate	25.10%	38.90%	28.00%

Components of Deferred Tax Asse

Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Income Taxes [Line Items]
Deferred compensation	$ 92,043	$ 91,712
Loss and credit carryforwards	32,854	31,023
Reserves and accruals	14,095	14,189
Deferred rent	9,797	7,684
Deferred revenue	2,434	11,464
Allowance for doubtful accounts	1,705	1,431
Other	3,041	5,002
Gross deferred tax assets	155,969	162,505
Intangibles	(90,214)	(94,284)
Property and equipment	(11,507)	(10,603)
Prepaid expenses	(17,324)	(12,698)
Other	(2,485)	(815)
Gross deferred tax liabilities	(121,530)	(118,400)
Valuation allowances	(21,278)	(22,030)
Net deferred tax asset	$ 13,161	$ 22,075

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2014
Schedule Of Income Taxes [Line Items]
Undistributed earning of foreign subsidiaries	$ 359,300,000
Unrecognized tax benefits liability	2,478,000	$ 2,095,000	$ 2,423,000	$ 2,701,000
Unrecognized tax benefits, reductions resulting from resolution	(300,000)
Unrecognized tax benefits, accrued interest and penalties	0	0
Unrecognized tax benefits, interest	100,000	$ 100,000	$ 100,000
Internal Revenue Service (IRS)
Schedule Of Income Taxes [Line Items]
Net operating loss carryforward	$ 3,600,000
Net operating loss carryforward, beginning expiration	2,028
State and Local Jurisdiction
Schedule Of Income Taxes [Line Items]
Net operating loss carryforward	$ 23,300,000
Net operating loss carryforward, beginning expiration	2,018
Foreign Tax Authority
Schedule Of Income Taxes [Line Items]
Net operating loss carryforward	$ 108,400,000
Net operating loss carryforward, beginning expiration	2,018
Tax credit carryforwards	$ 3,000,000
Tax credit carryforwards, expiration	2,027

Changes in Unrecognized Tax Ben

Changes in Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Income Taxes [Line Items]
Unrecognized tax benefits, beginning of year	$ 2,095	$ 2,423	$ 2,701
Settlement with tax authority		(1,963)	(497)
Additions based on tax positions related to the current year	383	1,305	219
Additions based on tax positions related to prior years		330
Unrecognized tax benefits, end of year	$ 2,478	$ 2,095	$ 2,423

Property and Equipment, Net (De

Property and Equipment, Net (Detail) - USD ($) $ in Thousands		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 278,124	$ 253,799
Less: accumulated depreciation and amortization		(168,557)	(158,363)
Property and equipment, net	[1]	109,567	95,436	$ 62,088
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	[2]	160,399	148,769
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		75,921	59,858
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross		39,848	43,069
Automobiles
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 1,956	$ 2,103
[1]	As of the end of the fiscal year.
[2]	Depreciation expense for capitalized software was $12.6 million, $11.3 million and $9.0 million during fiscal 2017, 2016 and 2015, respectively. The net book value of the Company's computer software costs included in property and equipment, net was $33.2 million and $32.3 million as of April 30, 2017 and 2016, respectively.

Property and Equipment, Net (Pa

Property and Equipment, Net (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Property, Plant and Equipment [Line Items]
Depreciation expense for capitalized software	$ 12.6	$ 11.3	$ 9
Net book value of capitalized software	$ 33.2	$ 32.3

Property And Equipment, Net - A

Property And Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Property, Plant and Equipment [Line Items]
Depreciation expense for property and equipment	$ 31.9	$ 24.5	$ 19.4

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)	Jun. 15, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)
Debt Instrument [Line Items]
Principal payment on term loan facility		$ 155,469,000	$ 10,000,000
Long-term debt		259,531,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility borrowings		0	0
Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		3,000,000	2,800,000
Other Financial Institutions | Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		8,100,000	6,400,000
CSV of COLI Contracts
Debt Instrument [Line Items]
Outstanding policy loans		$ 67,200,000	68,400,000
CSV of COLI Contracts | Minimum
Debt Instrument [Line Items]
Average interest rate		4.76%
CSV of COLI Contracts | Maximum
Debt Instrument [Line Items]
Average interest rate		8.00%
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 | Minimum
Debt Instrument [Line Items]
Pro forma domestic liquidity	$ 50,000,000
Credit Agreement | Maximum
Debt Instrument [Line Items]
Pro forma leverage ratio	2.50
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		$ 15,500,000
Average interest rate		2.23%
Long-term debt		$ 259,500,000	$ 140,000,000
Line of credit facility, maturity date		Jun. 15, 2021
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

Principal Payments on Term Loan

Principal Payments on Term Loan (Detail) $ in Thousands	Apr. 30, 2017USD ($)
Line of Credit Facility [Line Items]
Long-term debt	$ 259,531
Term Facility
Line of Credit Facility [Line Items]
2,018	20,625
2,019	25,781
2,020	27,500
2,021	27,500
2,022	$ 158,125

Business Segments - Additional

Business Segments - Additional Information (Detail)	12 Months Ended
	Apr. 30, 2017Segment
Segment Reporting Information [Line Items]
Number of business segments	3

Business Segments (Detail)

Business Segments (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2017	Apr. 30, 2016		Apr. 30, 2015
Segment Reporting Information [Line Items]
Fee revenue		$ 406,065	$ 381,918	$ 401,917	$ 375,621	$ 399,960	$ 344,158	$ 280,600	$ 267,394	$ 1,565,521	$ 1,292,112		$ 1,028,152
Deferred revenue adjustment due to acquisition										3,535	10,967
Adjusted fee revenue										1,569,056	1,303,079
Total revenue										1,621,669	1,346,714		1,066,066
Net income attributable to Korn/Ferry International		26,924	23,897	30,152	3,208	5,855	(15,995)	17,971	23,082	84,181	30,913		88,357
Net income attributable to noncontrolling interest										3,057	520
Other (income) loss, net										(11,820)	4,167		(7,458)
Interest (income) expense, net										10,251	(237)		1,784
Equity in earnings of unconsolidated subsidiaries, net										(333)	(1,631)		(2,181)
Income tax provision										29,104	18,960		33,526
Operating income (loss)		32,834	$ 30,542	$ 46,548	$ 4,516	4,842	$ (14,067)	$ 29,013	$ 32,904	114,440	52,692		114,028
Depreciation and amortization										47,260	36,220		27,597
Other income (loss), net										11,820	(4,167)		7,458
Equity in earnings of unconsolidated subsidiaries, net										333	1,631		2,181
EBITDA										173,853	86,376		151,264
Restructuring charges, net										34,600	33,013		9,468
Integration/acquisition costs										22,379	45,409	[1]	959	[2]
Venezuelan foreign currency loss											13,720
Deferred revenue adjustment due to acquisition										3,535	10,967
Separation costs										609	744
Adjusted EBITDA										234,976	190,229		161,691
Identifiable assets	[3]	2,062,898				1,898,600				2,062,898	1,898,600		1,317,801
Long-lived assets	[3]	109,567				95,436				109,567	95,436		62,088
Goodwill	[3]	576,865				590,072				576,865	590,072		254,440
Operating Segments | Executive Search
Segment Reporting Information [Line Items]
Fee revenue										617,676	622,914		597,407
Adjusted fee revenue										617,676	622,914
Total revenue										636,193	644,528		619,325
Operating income (loss)										124,252	131,706		119,020
Depreciation and amortization										6,385	5,549		6,674
Other income (loss), net										1,813	619		849
Equity in earnings of unconsolidated subsidiaries, net										333	437		426
EBITDA										132,783	138,311		126,969
Restructuring charges, net										4,616	7,205		5,384
Venezuelan foreign currency loss											6,635
Adjusted EBITDA										137,399	152,151		132,353
Identifiable assets	[3]	613,738				488,411				613,738	488,411		602,945
Long-lived assets	[3]	46,468				29,048				46,468	29,048		26,357
Goodwill	[3]	92,149				95,485				92,149	95,485		96,497
Operating Segments | Executive Search | North America
Segment Reporting Information [Line Items]
Fee revenue										356,625	371,345		330,634
Adjusted fee revenue										356,625	371,345
Total revenue										369,803	386,256		344,913
Operating income (loss)										81,550	100,381		80,818
Depreciation and amortization										3,812	3,267		3,515
Other income (loss), net										844	(147)		288
Equity in earnings of unconsolidated subsidiaries, net										333	437		426
EBITDA										86,539	103,938		85,047
Restructuring charges, net										1,719	499		1,151
Adjusted EBITDA										88,258	104,437		86,198
Identifiable assets	[3]	340,069				227,228				340,069	227,228		327,446
Long-lived assets	[3]	23,746				19,044				23,746	19,044		17,271
Goodwill	[3]	46,201				48,320				46,201	48,320		49,603
Operating Segments | Executive Search | EMEA
Segment Reporting Information [Line Items]
Fee revenue										146,506	144,319		153,465
Adjusted fee revenue										146,506	144,319
Total revenue										150,113	148,285		158,052
Operating income (loss)										27,854	20,607		18,867
Depreciation and amortization										1,030	1,029		1,764
Other income (loss), net										(15)	433		83
EBITDA										28,869	22,069		20,714
Restructuring charges, net										629	5,807		3,987
Adjusted EBITDA										29,498	27,876		24,701
Identifiable assets	[3]	158,927				150,516				158,927	150,516		156,072
Long-lived assets	[3]	11,089				4,817				11,089	4,817		3,885
Goodwill	[3]	44,976				46,193				44,976	46,193		45,922
Operating Segments | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Fee revenue										80,169	80,506		84,148
Adjusted fee revenue										80,169	80,506
Total revenue										81,744	83,206		87,142
Operating income (loss)										8,580	12,572		14,631
Depreciation and amortization										1,060	941		1,045
Other income (loss), net										300	21		369
EBITDA										9,940	13,534		16,045
Restructuring charges, net										1,495	577		17
Adjusted EBITDA										11,435	14,111		16,062
Identifiable assets	[3]	87,845				86,394				87,845	86,394		94,099
Long-lived assets	[3]	8,371				3,708				8,371	3,708		4,235
Goodwill	[3]	972				972				972	972		972
Operating Segments | Executive Search | Latin America
Segment Reporting Information [Line Items]
Fee revenue										34,376	26,744		29,160
Adjusted fee revenue										34,376	26,744
Total revenue										34,533	26,781		29,218
Operating income (loss)										6,268	(1,854)		4,704
Depreciation and amortization										483	312		350
Other income (loss), net										684	312		109
EBITDA										7,435	(1,230)		5,163
Restructuring charges, net										773	322		229
Venezuelan foreign currency loss											6,635
Adjusted EBITDA										8,208	5,727		5,392
Identifiable assets	[3]	26,897				24,273				26,897	24,273		25,328
Long-lived assets	[3]	3,262				1,479				3,262	1,479		966
Operating Segments | Hay Group
Segment Reporting Information [Line Items]
Fee revenue										724,186	471,145		267,018
Deferred revenue adjustment due to acquisition										3,535	10,967
Adjusted fee revenue										727,721	482,112
Total revenue										741,533	488,217		275,220
Operating income (loss)										47,302	(3,415)		28,175
Depreciation and amortization										32,262	21,854		13,427
Other income (loss), net										341	(868)		(22)
EBITDA										79,905	17,571		41,580
Restructuring charges, net										29,663	25,682		2,758
Integration/acquisition costs										14,440	17,607
Venezuelan foreign currency loss											7,085
Deferred revenue adjustment due to acquisition										3,535	10,967
Separation costs										609
Adjusted EBITDA										128,152	78,912		44,338
Identifiable assets	[3]	1,057,611				1,005,457				1,057,611	1,005,457		265,546
Long-lived assets	[3]	37,846				42,974				37,846	42,974		12,377
Goodwill	[3]	457,241				465,937				457,241	465,937		129,549
Operating Segments | Futurestep
Segment Reporting Information [Line Items]
Fee revenue										223,659	198,053		163,727
Adjusted fee revenue										223,659	198,053
Total revenue										243,943	213,969		171,521
Operating income (loss)										29,986	26,702		19,940
Depreciation and amortization										2,818	2,386		1,882
Other income (loss), net										(91)	364		54
EBITDA										32,713	29,452		21,876
Restructuring charges, net										101	49		1,154
Adjusted EBITDA										32,814	29,501		23,030
Identifiable assets	[3]	116,717				104,396				116,717	104,396		103,782
Long-lived assets	[3]	6,693				4,635				6,693	4,635		4,204
Goodwill	[3]	27,475				28,650				27,475	28,650		28,394
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)										(87,100)	(102,301)		(53,107)
Depreciation and amortization										5,795	6,431		5,614
Other income (loss), net										9,757	(4,282)		6,577
Equity in earnings of unconsolidated subsidiaries, net											1,194		1,755
EBITDA										(71,548)	(98,958)		(39,161)
Restructuring charges, net										220	77		172
Integration/acquisition costs										7,939	27,802		959
Separation costs											744
Adjusted EBITDA										(63,389)	(70,335)		(38,030)
Identifiable assets	[3]	274,832				300,336				274,832	300,336		345,528
Long-lived assets	[3]	$ 18,560				$ 18,779				$ 18,560	$ 18,779		$ 19,150
[1]	On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company's common stock, par value $0.01 per share (the "Consideration Shares"), representing an aggregate value of $217.9 million based on the closing price of the Company's common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company's intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company's consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment.
[2]	On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company's talent management solution with Pivot's executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company's consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016.
[3]	As of the end of the fiscal year.

Fee Revenue Classified by Count

Fee Revenue Classified by Country (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Segment Reporting Information [Line Items]
Fee revenue	$ 406,065	$ 381,918	$ 401,917	$ 375,621	$ 399,960	$ 344,158	$ 280,600	$ 267,394	$ 1,565,521	$ 1,292,112	$ 1,028,152
UNITED STATES
Segment Reporting Information [Line Items]
Fee revenue									728,871	669,585	557,024
Other Countries
Segment Reporting Information [Line Items]
Fee revenue									$ 836,650	$ 622,527	$ 471,128

Long Lived Assets, Excluding Fi

Long Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Controlling Countries over Ten Percent (Detail) - USD ($) $ in Thousands		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Segment Reporting Information [Line Items]
Long-lived assets	[1]	$ 109,567	$ 95,436	$ 62,088
UNITED STATES
Segment Reporting Information [Line Items]
Long-lived assets	[2]	70,949	64,525	50,103
Other Countries
Segment Reporting Information [Line Items]
Long-lived assets		$ 38,618	$ 30,911	$ 11,985
[1]	As of the end of the fiscal year.
[2]	Includes Corporate long-lived assets

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016		Apr. 30, 2015
Business Acquisition [Line Items]
Acquisitions during the period	$ 0	$ 476,885,000	[1]	$ 17,496,000	[2]
Decrease in goodwill	8,179,000
Unaudited pro forma consolidated fee revenue		1,600,000,000		1,600,000,000
Unaudited pro forma consolidated net income		$ 23,000,000		$ 75,000,000
Legacy Hay
Business Acquisition [Line Items]
Decrease in goodwill	$ 8,179,000
[1]	On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company's common stock, par value $0.01 per share (the "Consideration Shares"), representing an aggregate value of $217.9 million based on the closing price of the Company's common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company's intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company's consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment.
[2]	On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company's talent management solution with Pivot's executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company's consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016.

Summary of Acquisition (Detail)

Summary of Acquisition (Detail) - USD ($)		12 Months Ended
		Apr. 30, 2017	Apr. 30, 2016		Apr. 30, 2015	[2]
Business Acquisition [Line Items]
Receivables due from clients			$ 116,509,000	[1]	$ 3,085,000
Other current assets			15,587,000	[1]	56,000
Property and equipment			29,428,000	[1]	202,000
Intangible assets			196,400,000	[1]	6,600,000
Other non-current assets			7,345,000	[1]	18,000
Current liabilities			125,640,000	[1]	2,635,000
Deferred compensation and other retirement plans	[1]		31,400,000
Deferred tax liabilities	[1]		58,729,000
Other liabilities			8,536,000	[1]	56,000
Net assets acquired			140,964,000	[1]	7,270,000
Purchase price		$ 0	476,885,000	[1]	17,496,000
Goodwill			335,921,000	[1]	10,226,000
Integration/acquisition costs		$ 22,379,000	45,409,000	[1]	959,000
Hay Group
Business Acquisition [Line Items]
Goodwill			$ 335,921,000	[1]	$ 10,226,000
[1]	On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company's common stock, par value $0.01 per share (the "Consideration Shares"), representing an aggregate value of $217.9 million based on the closing price of the Company's common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company's intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company's consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment.
[2]	On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company's talent management solution with Pivot's executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company's consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016.

Summary of Acquisition (Parenth

Summary of Acquisition (Parenthetical) (Detail) - USD ($)		Dec. 01, 2015	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016		Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2017	Apr. 30, 2016		Apr. 30, 2015		Nov. 23, 2015	Mar. 01, 2015
Business Acquisition [Line Items]
Common stock, par value			$ 0.01				$ 0.01					$ 0.01	$ 0.01
Fee revenue			$ 406,065,000	$ 381,918,000	$ 401,917,000	$ 375,621,000	$ 399,960,000		$ 344,158,000	$ 280,600,000	$ 267,394,000	$ 1,565,521,000	$ 1,292,112,000		$ 1,028,152,000
Assets	[1]		2,062,898,000				1,898,600,000					2,062,898,000	1,898,600,000		1,317,801,000
Adjusted EBITDA												234,976,000	190,229,000		161,691,000
Acquisition of a business, purchase price			0				476,885,000	[2]				0	476,885,000	[2]	17,496,000	[3]
Legacy Hay
Business Acquisition [Line Items]
Business combination, aggregate purchase price		$ 476,900,000
Payment to acquire business		$ 259,000,000
Business combination, Consideration Shares		5,922,136
Business combination, Consideration Shares value		$ 217,900,000
Common stock, par value		$ 0.01
Business combination, committed to retention pool for certain employees		$ 40,000,000
Business combination, committed to retention pool for certain employees, paid												9,000,000
Business combination, committed to retention pool for certain employees, percentage payable within 45 days after November 30, 2017		50.00%
Business combination, committed to retention pool for certain employees, percentage payable within 45 days after November 30, 2018		50.00%
Fee revenue													186,800,000
Assets							740,200,000						740,200,000
Adjusted EBITDA													$ 28,500,000
Adjusted EBITDA margin													14.40%
Pivot Leadership
Business Acquisition [Line Items]
Fee revenue															3,700,000
Assets															$ 20,000,000
Acquisition of a business, purchase price																		$ 17,500,000
Acquisition of a business, contingent consideration			6,500,000									6,500,000						$ 2,200,000
Tax deductible goodwill			7,400,000				7,400,000					7,400,000	$ 7,400,000
Acquisition of a business, contingent consideration paid												$ 1,100,000
Pivot Leadership | Minimum
Business Acquisition [Line Items]
Business acquisition contingent consideration payable, through year												2,017
Pivot Leadership | Maximum
Business Acquisition [Line Items]
Business acquisition contingent consideration payable, through year												2,020
Foreign Locations | Legacy Hay
Business Acquisition [Line Items]
Payment to acquire business		$ 54,000,000
Other Liabilities | Pivot Leadership
Business Acquisition [Line Items]
Acquisition of a business, contingent consideration fair value			$ 1,300,000				$ 3,000,000					$ 1,300,000	$ 3,000,000
Term Facility
Business Acquisition [Line Items]
Senior unsecured loan, aggregate principal amount																	$ 150,000,000
[1]	As of the end of the fiscal year.
[2]	On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company's common stock, par value $0.01 per share (the "Consideration Shares"), representing an aggregate value of $217.9 million based on the closing price of the Company's common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company's intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company's consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment.
[3]	On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company's talent management solution with Pivot's executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company's consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016.

Changes in Carrying Value of Go

Changes in Carrying Value of Goodwill By Reportable Segment (Detail) - USD ($) $ in Thousands		12 Months Ended
		Apr. 30, 2017	Apr. 30, 2016		Apr. 30, 2015
Goodwill [Line Items]
Goodwill, Beginning Balance	[1]	$ 590,072	$ 254,440
Adjustments		(8,179)
Additions			335,921	[2]	$ 10,226	[3]
Exchange rate fluctuations		(5,028)	(289)
Goodwill, Ending Balance	[1]	576,865	590,072		254,440
Hay Group
Goodwill [Line Items]
Additions			335,921	[2]	10,226	[3]
Operating Segments | Executive Search
Goodwill [Line Items]
Goodwill, Beginning Balance	[1]	95,485	96,497
Exchange rate fluctuations		(3,336)	(1,012)
Goodwill, Ending Balance	[1]	92,149	95,485		96,497
Operating Segments | Executive Search | North America
Goodwill [Line Items]
Goodwill, Beginning Balance	[1]	48,320	49,603
Exchange rate fluctuations		(2,119)	(1,283)
Goodwill, Ending Balance	[1]	46,201	48,320		49,603
Operating Segments | Executive Search | EMEA
Goodwill [Line Items]
Goodwill, Beginning Balance	[1]	46,193	45,922
Exchange rate fluctuations		(1,217)	271
Goodwill, Ending Balance	[1]	44,976	46,193		45,922
Operating Segments | Executive Search | Asia Pacific
Goodwill [Line Items]
Goodwill, Beginning Balance	[1]	972	972
Goodwill, Ending Balance	[1]	972	972		972
Operating Segments | Hay Group
Goodwill [Line Items]
Goodwill, Beginning Balance	[1]	465,937	129,549
Adjustments		(8,179)
Additions			335,921
Exchange rate fluctuations		(517)	467
Goodwill, Ending Balance	[1]	457,241	465,937		129,549
Operating Segments | Futurestep
Goodwill [Line Items]
Goodwill, Beginning Balance	[1]	28,650	28,394
Exchange rate fluctuations		(1,175)	256
Goodwill, Ending Balance	[1]	$ 27,475	$ 28,650		$ 28,394
[1]	As of the end of the fiscal year.
[2]	On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company's common stock, par value $0.01 per share (the "Consideration Shares"), representing an aggregate value of $217.9 million based on the closing price of the Company's common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company's intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company's consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment.
[3]	On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company's talent management solution with Pivot's executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company's consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016.

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Intangible Assets [Line Items]
Amortized intangible assets, Gross	$ 167,351	$ 167,351
Amortized intangible assets, Accumulated Amortization	(56,109)	(40,707)
Amortized intangible assets, Net	111,242	126,644
Exchange rate fluctuations	77	383
Total Intangible assets	217,319	233,027
Trademarks
Intangible Assets [Line Items]
Amortized intangible assets, Gross	3,986	3,986
Amortized intangible assets, Accumulated Amortization	(3,986)	(3,986)
Unamortized intangible assets	106,000	106,000
Customer Lists
Intangible Assets [Line Items]
Amortized intangible assets, Gross	125,099	125,099
Amortized intangible assets, Accumulated Amortization	(31,094)	(19,910)
Amortized intangible assets, Net	94,005	105,189
Intellectual Property
Intangible Assets [Line Items]
Amortized intangible assets, Gross	33,100	33,100
Amortized intangible assets, Accumulated Amortization	(16,994)	(13,281)
Amortized intangible assets, Net	16,106	19,819
Database Rights
Intangible Assets [Line Items]
Amortized intangible assets, Gross	4,256	4,256
Amortized intangible assets, Accumulated Amortization	(3,202)	(2,777)
Amortized intangible assets, Net	1,054	1,479
Non-compete Agreements
Intangible Assets [Line Items]
Amortized intangible assets, Gross	910	910
Amortized intangible assets, Accumulated Amortization	(833)	(753)
Amortized intangible assets, Net	$ 77	$ 157

Goodwill And Intangible Asset89

Goodwill And Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016		Apr. 30, 2015
Schedule Of Goodwill And Intangible Assets [Line Items]
Intangible assets		$ 196,400	[1]	$ 6,600	[2]
Amortization expense	$ 15,400	11,700		$ 8,200
Amortizable intangible assets fully amortization year	2,031
Legacy Hay | Trademarks
Schedule Of Goodwill And Intangible Assets [Line Items]
Intangible assets		102,200
Customer Lists | Legacy Hay
Schedule Of Goodwill And Intangible Assets [Line Items]
Intangible assets		$ 84,000
Intangible assets, weighted-average useful lives		11 years
Intellectual Property | Legacy Hay
Schedule Of Goodwill And Intangible Assets [Line Items]
Intangible assets		$ 10,200
Intangible assets, weighted-average useful lives		7 years
[1]	On December 1, 2015, the Company completed its acquisition of Legacy Hay, a global leader in people strategy and organizational performance, for $476.9 million, net of cash acquired. The purchase price consisted of $259.0 million in cash ($54 million from foreign locations), net of estimated cash acquired and 5,922,136 shares of the Company's common stock, par value $0.01 per share (the "Consideration Shares"), representing an aggregate value of $217.9 million based on the closing price of the Company's common stock on The New York Stock Exchange on November 30, 2015. On November 23, 2015, the Company borrowed $150 million from the Term Facility, to finance a portion of the Legacy Hay acquisition purchase price. As part of the acquisition, the Company has committed to a $40 million retention pool (of which $9.0 million was paid in fiscal 2017) for certain employees of Legacy Hay subject to certain circumstances. Of the remaining balance, 50% will be payable within 45 days after November 30, 2017 and the remaining 50% will be payable within 45 days after November 30, 2018. The acquisition strengthens the Company's intellectual property, enhances our geographical presence, adds complimentary capabilities to further leverage search relationships and broadens capabilities for assessment and development. It improves our ability to support the global business community not only in attracting top talent and designing compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum. Actual results of operations of Legacy Hay are included in the Company's consolidated financial statements from December 1, 2015, the effective date of the acquisition, and includes $186.8 million, $740.2 million and $28.5 million in fee revenue, total assets and Adjusted EBITDA, respectively, with an Adjusted EBITDA margin of 14.4%, during fiscal 2016. Legacy Hay is included in the Hay Group segment.
[2]	On March 1, 2015, the Company acquired all outstanding membership interests of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs, for $17.5 million, net of cash acquired, which includes $2.2 million in contingent consideration. As of April 30, 2017 and 2016, the fair value of the contingent consideration is $1.3 million and $3.0 million and is included in other liabilities in the accompanying consolidated balance sheets. The contingent consideration is based on the achievement of certain revenue targets and can be up to $6.5 million, payable in four installments in fiscal 2017 to 2020. In fiscal 2017, the Company paid $1.1 million due to meeting certain revenue targets. The acquisition allows us to integrate the Company's talent management solution with Pivot's executive learning capabilities. Actual results of operations of Pivot Leadership are included in the Company's consolidated financial statements from March 1, 2015, the effective date of the acquisition, and includes $3.7 million and $20.0 million in fee revenue and total assets, respectively, during fiscal 2015. Tax deductible goodwill from the Pivot Leadership acquisition was $7.4 million as of April 30, 2017 and 2016.

Estimated Annual Amortization E

Estimated Annual Amortization Expense Related to Amortizing Intangible Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Finite-Lived Intangible Assets [Line Items]
2,018	$ 14,742
2,019	13,487
2,020	13,204
2,021	13,280
2,022	13,269
Thereafter	43,260
Amortized intangible assets, Net	$ 111,242	$ 126,644

Commitments And Contingencies -

Commitments And Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Commitments And Contingent Liabilities [Line Items]
Lease expiration date	2,030
Total rental expense	$ 56.8	$ 45.5	$ 38
Employment agreements	The Company has a policy of entering into offer letters of employment or letters of promotion with vice presidents which provide for an annual base salary and discretionary and incentive bonus payments. Certain key vice presidents who typically have been employed by the Company for several years may also have a standard form employment agreement. Upon termination without cause, the Company is required to pay the amount of severance due under the employment agreement, if any. The Company also requires its vice presidents to agree in their employment letters and their employment agreement, if applicable, not to compete with the Company during the term of their employment, and for a certain period after their employment ends.

Future Minimum Commitments unde

Future Minimum Commitments under Non-Cancelable Operating Leases (Detail) $ in Thousands	Apr. 30, 2017USD ($)
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]
2,018	$ 62,384
2,019	57,812
2,020	54,817
2,021	50,418
2,022	44,100
Thereafter	145,284
Total operating leases	$ 414,815

Quarterly Results (Detail)

Quarterly Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Quarterly Financial Information [Line Items]
Fee revenue	$ 406,065	$ 381,918	$ 401,917	$ 375,621	$ 399,960	$ 344,158	$ 280,600	$ 267,394	$ 1,565,521	$ 1,292,112	$ 1,028,152
Operating income (loss)	32,834	30,542	46,548	4,516	4,842	(14,067)	29,013	32,904	114,440	52,692	114,028
Net income (loss)	27,736	24,378	31,056	4,068	6,375	(15,995)	17,971	23,082	87,238	31,433	88,357
Net income (loss) attributable to Korn/Ferry International	$ 26,924	$ 23,897	$ 30,152	$ 3,208	$ 5,855	$ (15,995)	$ 17,971	$ 23,082	$ 84,181	$ 30,913	$ 88,357
Basic	$ 0.48	$ 0.42	$ 0.53	$ 0.06	$ 0.10	$ (0.30)	$ 0.36	$ 0.46	$ 1.48	$ 0.58	$ 1.78
Diluted	$ 0.47	$ 0.42	$ 0.52	$ 0.06	$ 0.10	$ (0.30)	$ 0.35	$ 0.46	$ 1.47	$ 0.58	$ 1.76

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - Dividend Declared	Jun. 20, 2017$ / shares
Subsequent Event [Line Items]
Dividends payable, declared date	Jun. 20, 2017
Dividends payable, per share amount	$ 0.10
Dividends payable, payable date	Jul. 14, 2017
Dividends declared, record date	Jun. 30, 2017

Valuation And Qualifying Accoun

Valuation And Qualifying Accounts (Detail) - USD ($) $ in Thousands		12 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2015
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		$ 11,292	$ 9,958	$ 9,513
Charges to Cost and Expenses		12,987	8,570	7,741
(Charges) Recoveries to Other Accounts	[1]	(415)	(270)	(693)
Deductions	[2]	(8,409)	(6,966)	(6,603)
Balance at End of Period		15,455	11,292	9,958
Valuation Allowance of Deferred Tax Assets
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		22,030	21,608	26,969
Charges to Cost and Expenses		7,931	18,993	2,537
Deductions	[2]	(8,683)	(18,571)	(7,898)
Balance at End of Period		$ 21,278	$ 22,030	$ 21,608
[1]	Exchange rate fluctuations.
[2]	Allowance for doubtful accounts represents accounts written-off, net of recoveries and deferred tax asset valuation represents release of prior valuation allowances