Korn Ferry (KFY) 10-Q 11 Mar 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2020	Mar. 05, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Trading Symbol	KFY
Entity Registrant Name	KORN FERRY
Entity Central Index Key	0000056679
Current Fiscal Year End Date	--04-30
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		55,044,489
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NYSE
Entity File Number	001-14505
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-2623879
Entity Address, Address Line One	1900 Avenue of the Stars
Entity Address, Address Line Two	Suite 2600
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90067
City Area Code	310
Local Phone Number	552-1834
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
ASSETS
Cash and cash equivalents	$ 563,708	$ 626,360
Marketable securities	41,022	8,288
Receivables due from clients, net of allowance for doubtful accounts of $25,168 and $21,582 at January 31, 2020 and April 30, 2019, respectively	472,261	404,857
Income taxes and other receivables	38,656	26,767
Unearned compensation	46,386	42,003
Prepaid expenses and other assets	35,094	28,535
Total current assets	1,197,127	1,136,810
Marketable securities, non-current	143,789	132,463
Property and equipment, net	143,230	131,505
Operating lease right-of-use assets, net	209,236
Cash surrender value of company-owned life insurance policies, net of loans	145,305	126,000
Deferred income taxes	44,928	43,220
Goodwill	615,513	578,298
Intangible assets, net	116,882	82,948
Unearned compensation, non-current	93,934	80,924
Investments and other assets	29,705	22,684
Total assets	2,739,649	2,334,852
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	36,044	39,156
Income taxes payable	17,128	21,145
Compensation and benefits payable	258,789	328,610
Operating lease liability, current	53,592
Other accrued liabilities	194,838	162,047
Total current liabilities	560,391	550,958
Deferred compensation and other retirement plans	283,293	257,635
Operating lease liability, non-current	194,209
Long-term debt	393,986	222,878
Deferred tax liabilities	837	1,103
Other liabilities	29,280	58,891
Total liabilities	1,461,996	1,091,465
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 73,210 and 72,442 shares issued and 55,258 and 56,431 shares outstanding at January 31, 2020 and April 30, 2019, respectively	604,609	656,463
Retained earnings	749,301	660,845
Accumulated other comprehensive loss, net	(78,810)	(76,652)
Total Korn Ferry stockholders' equity	1,275,100	1,240,656
Noncontrolling interest	2,553	2,731
Total stockholders' equity	1,277,653	1,243,387
Total liabilities and stockholders' equity	$ 2,739,649	$ 2,334,852

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 25,168	$ 21,582
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	73,210,000	72,442,000
Common stock, shares outstanding	55,258,000	56,431,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Total revenue	$ 527,979	$ 486,172	$ 1,528,354	$ 1,471,327
Compensation and benefits	348,597	321,835	1,014,475	979,575
General and administrative expenses	71,355	61,179	199,171	287,641
Depreciation and amortization	14,863	11,741	40,355	34,490
Restructuring charges, net	18,093		18,093
Total operating expenses	496,384	423,489	1,374,556	1,392,776
Operating income	31,595	62,683	153,798	78,551
Other income, net	5,055	2,463	8,014	2,483
Interest expense, net	(6,919)	(4,282)	(15,186)	(12,722)
Income before provision for income taxes	29,731	60,864	146,626	68,312
Income tax provision	8,775	15,420	38,988	14,143
Net income	20,956	45,444	107,638	54,169
Net income attributable to noncontrolling interest	(963)	(480)	(1,890)	(1,782)
Net income attributable to Korn Ferry	$ 19,993	$ 44,964	$ 105,748	$ 52,387
Earnings per common share attributable to Korn Ferry:
Basic	$ 0.37	$ 0.81	$ 1.92	$ 0.94
Diluted	$ 0.36	$ 0.80	$ 1.90	$ 0.92
Weighted-average common shares outstanding:
Basic	53,999	55,233	54,611	55,358
Diluted	54,264	55,753	55,006	56,181
Cash dividends declared per share:	$ 0.10	$ 0.10	$ 0.30	$ 0.30
Fee Revenue
Total revenue	$ 515,325	$ 474,504	$ 1,492,263	$ 1,435,277
Cost of services	30,822	17,066	66,371	55,020
Reimbursed Out Of Pocket Engagement Expenses
Total revenue	12,654	11,668	36,091	36,050
Reimbursed Expenses
Cost of services	$ 12,654	$ 11,668	$ 36,091	$ 36,050

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 20,956	$ 45,444	$ 107,638	$ 54,169
Other comprehensive income (loss):
Foreign currency translation adjustments	497	6,089	(3,588)	(21,245)
Deferred compensation and pension plan adjustments, net of tax	943	273	1,933	819
Net unrealized loss on marketable securities, net of tax	(5)		(5)
Net unrealized gain (loss) on interest rate swap, net of tax	495	(980)	(456)	(702)
Comprehensive income	22,886	50,826	105,522	33,041
Less: comprehensive income attributable to noncontrolling interest	(1,057)	(552)	(1,932)	(1,593)
Comprehensive income attributable to Korn Ferry	$ 21,829	$ 50,274	$ 103,590	$ 31,448

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive (Loss) Income, Net	Total Korn Ferry Stockholders' Equity	Noncontrolling Interest
Beginning Balance at Apr. 30, 2018	$ 1,219,615	$ 683,942	$ 572,800	$ (40,135)	$ 1,216,607	$ 3,008
Beginning Balance, Shares at Apr. 30, 2018		56,517
Net (loss) income	(38,592)		(38,611)		(38,611)	19
Other comprehensive (loss) income	(14,150)			(14,156)	(14,156)	6
Effect of adopting new accounting standards	6,656		8,853	(2,197)	6,656
Dividends paid to shareholders	(6,027)		(6,027)		(6,027)
Purchase of stock	(13,054)	$ (13,054)			(13,054)
Purchase of stock, shares		(200)
Issuance of stock	4,803	$ 4,803			4,803
Issuance of stock (shares)		621
Stock-based compensation	5,369	$ 5,369			5,369
Ending Balance at Jul. 31, 2018	1,164,620	$ 681,060	537,015	(56,488)	1,161,587	3,033
Ending Balance, Shares at Jul. 31, 2018		56,938
Beginning Balance at Apr. 30, 2018	1,219,615	$ 683,942	572,800	(40,135)	1,216,607	3,008
Beginning Balance, Shares at Apr. 30, 2018		56,517
Net (loss) income	54,169
Ending Balance at Jan. 31, 2019	1,207,040	$ 651,683	616,282	(63,271)	1,204,694	2,346
Ending Balance, Shares at Jan. 31, 2019		56,420
Beginning Balance at Jul. 31, 2018	1,164,620	$ 681,060	537,015	(56,488)	1,161,587	3,033
Beginning Balance, Shares at Jul. 31, 2018		56,938
Net (loss) income	47,317		46,034		46,034	1,283
Other comprehensive (loss) income	(12,360)			(12,093)	(12,093)	(267)
Dividends paid to shareholders	(5,716)		(5,716)		(5,716)
Dividends paid to noncontrolling interest	(690)					(690)
Purchase of stock	(22,875)	$ (22,875)			(22,875)
Purchase of stock, shares		(459)
Issuance of stock (shares)		32
Stock-based compensation	6,301	$ 6,301			6,301
Ending Balance at Oct. 31, 2018	1,176,597	$ 664,486	577,333	(68,581)	1,173,238	3,359
Ending Balance, Shares at Oct. 31, 2018		56,511
Net (loss) income	45,444		44,964		44,964	480
Other comprehensive (loss) income	5,382			5,310	5,310	72
Dividends paid to shareholders	(6,015)		(6,015)		(6,015)
Dividends paid to noncontrolling interest	(1,565)					(1,565)
Purchase of stock	(21,940)	$ (21,940)			(21,940)
Purchase of stock, shares		(503)
Issuance of stock	3,724	$ 3,724			3,724
Issuance of stock (shares)		412
Stock-based compensation	5,413	$ 5,413			5,413
Ending Balance at Jan. 31, 2019	1,207,040	$ 651,683	616,282	(63,271)	1,204,694	2,346
Ending Balance, Shares at Jan. 31, 2019		56,420
Beginning Balance at Apr. 30, 2019	$ 1,243,387	$ 656,463	660,845	(76,652)	1,240,656	2,731
Beginning Balance, Shares at Apr. 30, 2019	56,431	56,431
Net (loss) income	$ 43,650		42,951		42,951	699
Other comprehensive (loss) income	(5,398)			(5,462)	(5,462)	64
Dividends paid to shareholders	(6,081)		(6,081)		(6,081)
Purchase of stock	(21,329)	$ (21,329)			(21,329)
Purchase of stock, shares		(546)
Issuance of stock	5,074	$ 5,074			5,074
Issuance of stock (shares)		711
Stock-based compensation	5,091	$ 5,091			5,091
Ending Balance at Jul. 31, 2019	1,264,394	$ 645,299	697,715	(82,114)	1,260,900	3,494
Ending Balance, Shares at Jul. 31, 2019		56,596
Beginning Balance at Apr. 30, 2019	$ 1,243,387	$ 656,463	660,845	(76,652)	1,240,656	2,731
Beginning Balance, Shares at Apr. 30, 2019	56,431	56,431
Net (loss) income	$ 107,638
Ending Balance at Jan. 31, 2020	$ 1,277,653	$ 604,609	749,301	(78,810)	1,275,100	2,553
Ending Balance, Shares at Jan. 31, 2020	55,258	55,258
Beginning Balance at Jul. 31, 2019	$ 1,264,394	$ 645,299	697,715	(82,114)	1,260,900	3,494
Beginning Balance, Shares at Jul. 31, 2019		56,596
Net (loss) income	43,032		42,804		42,804	228
Other comprehensive (loss) income	1,352			1,468	1,468	(116)
Dividends paid to shareholders	(5,628)		(5,628)		(5,628)
Dividends paid to noncontrolling interest	(1,046)					(1,046)
Purchase of stock	(49,325)	$ (49,325)			(49,325)
Purchase of stock, shares		(1,313)
Issuance of stock (shares)		32
Stock-based compensation	5,712	$ 5,712			5,712
Ending Balance at Oct. 31, 2019	1,258,491	$ 601,686	734,891	(80,646)	1,255,931	2,560
Ending Balance, Shares at Oct. 31, 2019		55,315
Net (loss) income	20,956		19,993		19,993	963
Other comprehensive (loss) income	1,930			1,836	1,836	94
Dividends paid to shareholders	(5,583)		(5,583)		(5,583)
Dividends paid to noncontrolling interest	(1,064)					(1,064)
Purchase of stock	(6,263)	$ (6,263)			(6,263)
Purchase of stock, shares		(157)
Issuance of stock	3,967	$ 3,967			3,967
Issuance of stock (shares)		100
Stock-based compensation	5,219	$ 5,219			5,219
Ending Balance at Jan. 31, 2020	$ 1,277,653	$ 604,609	$ 749,301	$ (78,810)	$ 1,275,100	$ 2,553
Ending Balance, Shares at Jan. 31, 2020	55,258	55,258

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities:
Net income	$ 107,638	$ 54,169
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	40,355	34,490
Stock-based compensation expense	16,988	18,028
Tradename write-offs		106,555
Write-off of long-lived assets	2,654
Provision for doubtful accounts	10,958	11,012
Gain on cash surrender value of life insurance policies	(5,794)	(4,547)
Gain on marketable securities	(8,341)	(1,330)
Deferred income taxes	(1,974)	(23,192)
Change in other assets and liabilities:
Deferred compensation	26,646	5,486
Receivables due from clients	(37,258)	(44,332)
Income taxes and other receivables	(6,424)	(1,142)
Prepaid expenses and other assets	(9,191)	(479)
Unearned compensation	(17,393)	(15,097)
Income taxes payable	(1,444)	(532)
Accounts payable and accrued liabilities	(59,911)	(33,076)
Other	(372)	(5,056)
Net cash provided by operating activities	57,137	100,957
Cash flows from investing activities:
Purchase of property and equipment	(33,753)	(36,886)
Purchase of marketable securities	(39,081)	(8,672)
Proceeds from sales/maturities of marketable securities	3,245	13,557
Cash paid for acquisitions, net of cash acquired	(108,602)
Premium on company-owned life insurance policies	(15,448)	(34,612)
Proceeds from life insurance policies	2,280	6,972
Dividends received from unconsolidated subsidiaries	286	140
Net cash used in investing activities	(191,073)	(59,501)
Cash flows from financing activities:
Proceeds from long term debt	445,500	226,875
Principal payments on long term debt	(276,875)	(238,906)
Payment of debt issuance costs	(3,050)	(2,181)
Repurchases of common stock	(68,055)	(37,372)
Payments of tax withholdings on restricted stock	(8,862)	(20,497)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan	7,684	7,271
Borrowings under life insurance policies		31,870
Payments on life insurance policy loans	(943)	(4,351)
Principal payments on finance leases	(1,426)
Dividends paid to shareholders	(17,292)	(17,758)
Dividends - noncontrolling interest	(2,110)	(2,255)
Payment of contingent consideration from acquisitions	(455)	(455)
Net cash provided by (used in) financing activities	74,116	(57,759)
Effect of exchange rate changes on cash and cash equivalents	(2,832)	(15,036)
Net decrease in cash and cash equivalents	(62,652)	(31,339)
Cash and cash equivalents at beginning of period	626,360	520,848
Cash and cash equivalents at end of the period	$ 563,708	$ 489,509

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies Nature of Business Korn Ferry, a Delaware corporation (the “Company”), and its subsidiaries is a global organizational consulting firm. The Company helps clients synchronize strategy and talent to drive superior performance. The Company works with organizations to design their structures, roles, and responsibilities. The Company helps organizations hire the right people to bring their strategy to life and advise them on how to reward, develop, and motivate their people. The Company is pursuing a strategy that will help Korn Ferry to focus on clients and collaborate intensively across the organization. This approach builds on the best of our past and gives the Company a clear path to the future with focused initiatives to increase our client and commercial impact. Korn Ferry is transforming how clients address their talent management needs. The Company has evolved from a mono-line to a diversified business, giving our consultants more frequent and expanded opportunities to engage with clients. The Company operates through four global segments: 1. Consulting 2. Digital 3. Executive Search 4. RPO and Professional Search The combination of Consulting and Digital were formerly referred to as Korn Ferry Advisory (“Advisory”). Basis of Consolidation and Presentation The accompanying financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended April 30, 2019 for 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”) and prevailing practice within the industry. 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. The results of operations for the interim period are not necessarily indicative of the results for the entire fiscal year. 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. The Company has control of a Mexican subsidiary and consolidates the operations of this subsidiary. Noncontrolling interest, which represents the Mexican partners’ 51% interest in the Mexican subsidiary, is reflected on the Company’s consolidated financial statements. The Company considers events or transactions that occur after the balance sheet date but before the consolidated financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures. Use of Estimates and Uncertainties The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates, and changes in estimates are reported in current operations as new information is learned or upon the amounts becoming fixed or determinable. The most significant areas that require management’s judgment are revenue recognition, deferred compensation, annual performance-related bonuses, evaluation of the carrying value of receivables, goodwill and other intangible assets, share-based payments, leases, and the recoverability of deferred income taxes. Revenue Recognition Substantially all fee revenue is derived from talent and organizational consulting services and the digital sales, fees for professional services related to executive and professional recruitment performed on a retained basis and RPO, either Revenue is recognized when control of the goods and services are transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. Revenue contracts with customers are evaluated based on the five-step model outlined in Accounting Standard Codification 606 (“ASC 606”): 1) identify the contract with a customer; 2) identify the performance obligation(s) in the contract; 3) determine the transaction price; 4) allocate the transaction price to the separate performance obligation(s); and 5) recognize revenue when (or as) each performance obligation is satisfied. Consulting fee revenue is primarily recognized as services are rendered, measured by total hours incurred to the total estimated hours at completion. It is possible that updated estimates for consulting engagements 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. Digital revenue is generated from IP platforms enabling large-scale, technology-based talent programs for pay, talent development, engagement, and assessment and is consumed directly by an end user or indirectly through a consulting engagement. Revenue is recognized as services are delivered and the Company has a legally enforceable right to payment. Revenue also comes from the sale of our proprietary IP subscriptions, which are considered symbolic IP due to the dynamic nature of the content. As a result, revenue is recognized over the term of the contract. Functional IP licenses grant customers the right to use IP content via the delivery of a flat file. Because the IP content license has significant stand-alone functionality, revenue is recognized upon delivery and when an enforceable right to payment exists. Revenue for tangible and digital products sold by the Company, such as books and digital files, is recognized when these products are sold or shipped. Fee revenue from executive and professional search activities is generally one-third of the estimated first-year cash compensation of the placed candidate, plus a percentage of the fee to cover RPO fee Reimbursements The Company incurs certain out-of-pocket expenses that are reimbursed by its clients, which are accounted for as revenue in the 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 and 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 from the date of purchase to be cash equivalents. As of January 31, 2020, the Company’s investments in cash equivalents consisted of money market funds, commercial papers and corporate notes/bonds with maturity of less than 90 days for which market prices are readily available. As of April 30, 2019, cash equivalents consisted of money market funds. Marketable Securities The Company currently has investments in marketable securities and mutual funds that are classified as either trading securities or available-for-sale, based upon management’s intent and ability to hold, sell or trade such securities. The classification of the investments in these marketable securities and mutual funds is assessed upon purchase and reassessed at each reporting period. These investments are recorded at fair value and are classified as marketable securities in the accompanying consolidated balance sheets. The Company invests in mutual funds (for which market prices are readily available) that are held in trust to satisfy obligations under the Company’s deferred compensation plans. Such investments are classified as trading securities 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. 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 marketable securities are recorded in the accompanying consolidated statements of income in other income, net. The Company also invests cash in excess of its daily operating requirements and capital needs primarily in marketable fixed income (debt) securities in accordance with the Company’s investment policy, which restricts the type of investments that can be made. The Company’s investment portfolio includes commercial paper and corporate notes/ bonds. These marketable fixed income (debt) 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: Observable inputs such as quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ▪ Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. ▪ Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. As of January 31, 2020 and April 30, 2019 , 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 , foreign currency forward contracts and an interest rate swap. The carrying amount of cash, cash equivalents and accounts receivable approximates fair value due to the short-term maturity of these instruments. The fair values of marketable securities classified as trading are obtained from quoted market prices, and the fair values of marketable securities classified as available-for-sale , foreign currency forward contracts and 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 On December 16, 2019, in conjunction with the payoff of the credit facility, the Company terminated its interest rate swap. The Company had entered into the interest rate swap agreement to effectively convert its variable debt to a fixed-rate basis. The principal objective was 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 determined that the interest rate swap qualified as a cash flow hedge in accordance with Accounting Standards Codification 815, Derivatives and Hedging Foreign Currency Forward Contracts Not Designated as Hedges The Company has established a program that primarily utilizes foreign currency forward contracts to offset the risks associated with the effects of certain foreign currency exposures primarily originating from intercompany balances due to cross border work performed in the ordinary course of business. These foreign currency forward contracts are neither used for trading purposes nor are they designated as hedging instruments pursuant to ASC 815. 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 statements 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 noncontrolling interest in the acquired entity, and recognize and measure goodwill or a gain from the purchase. The acquiree’s results are included in the Company’s consolidated financial statements from the date of acquisition. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill, or if the fair value of the assets acquired exceeds the purchase price consideration, a bargain purchase gain is recorded. Adjustments to fair value assessments are generally recorded to goodwill over the measurement period (not longer than twelve months). The acquisition method also requires that acquisition-related transaction and post-acquisition restructuring costs be charged to expense as committed and requires the Company to recognize and measure certain assets and liabilities including those arising from contingencies and contingent consideration in a business combination. Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of use (“ROU”) assets and current and non-current operating lease liability, in the consolidated balance sheets. Finance leases are included in property and equipment, net, other accrued liabilities and other liabilities in the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term, and the lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term, with variable lease payments recognized in the periods in which they are incurred. The Company has lease agreements with lease and non-lease components. For all leases with non-lease components the Company accounts for the lease and non-lease components as a single lease component. Impairment of Long-Lived Assets Long-lived assets include property, equipment, right-of-use assets and software developed or obtained for internal use. In accordance with ASC 360, Property, Plant and Equipment (“ASC 360”), management reviews the Company’s recorded long-lived assets for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company determines the extent to which an asset may be impaired based upon its expectation of the asset’s future usability, as well as on a reasonable assurance that the future cash flows associated with the asset will be in excess of its carrying amount. If the total of the expected undiscounted future cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between fair value and the carrying value of the asset. During the three months ended January 31, 2020, the Company decided that it would exit 16 office leases as part of the integration of the acquisition of Miller Heiman Group, AchieveForum and Strategy Execution (“Acquired Companies”). This resulted in an impairment charge of the ROU asset of $2.3 million and impairment of leasehold improvements and furniture and fixtures of $0.4 million, both recorded in the consolidated statements of income in general and administrative expenses. 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, 2019, indicated that the fair value of each reporting unit exceeded its carrying amount and no reporting units were at risk of failing the impairment test. As a result, no impairment charge was recognized. The Company’s annual impairment test will be performed in the fourth quarter of fiscal 2020. There was also no indication of potential impairment as of January 31, 2020 and April 30, 2019 that required further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases and IP. Intangible assets 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. As of January 31, 2020 and April 30, 2019, there were no indicators of impairment with respect to the Company’s intangible assets. On June 12, 2018, the Company’s Board of Directors voted to approve a plan to go to market under a single, master brand architecture and to simplify the Company’s organizational structure by eliminating and/or consolidating certain legal entities and implementing a rebranding of the Company to offer the Company’s current products and services using the “Korn Ferry” name, branding and trademarks. As a result, the Company discontinued the use of all sub-brands being used at that time. Two of the Company’s former sub-brands, Hay Group and Lominger, came to Korn Ferry through acquisitions. In connection with the accounting for these acquisitions, $106.6 million of the purchase price was allocated to indefinite-lived tradename intangible assets. As a result of the decision to discontinue their use, the Company took a non-cash intangible asset write-off of $106.6 million during the nine months ended January 31, 2019, recorded in general and administrative expenses. 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 Consulting , Digital and RPO & Professional Search consultants), the level of engagements referred by a consultant in one line of business to a different line of business, and 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, 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 $177.9 million and $202.4 million during the nine months ended January 31, 2020 and 2019, respectively, included in compensation and benefits expense in the consolidated statements of income. During the three months ended January 31, 2020 and 2019, the performance related bonus expense was $60.5 million and $59.5 million, respectively. 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. Unearned compensation on the consolidated balance sheets includes long-term retention awards that are generally amortized over four-to-five years. 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. 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 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 purchases under the ESPP on a straight-line basis over the service period for the entire award. Reclassifications Certain reclassifications have been made to the amounts in prior periods in order to conform to the current period’s presentation. Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued guidance (Accounting Standard Codification 842 – Leases Leases . The adoption of this standard had a material impact on the consolidated balance sheet as of January 31, 2020 due to the recognition of ROU assets and operating lease liabilities, but an immaterial impact on the Company’s consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of stockholders’ equity, and consolidated statements of cash flows. Upon adoption we recognized total ROU assets of $236.1 million with a corresponding liability of $272.3 million. The ROU asset balance was adjusted by the reclassification of pre-existing prepaid expenses and other assets and deferred rent balances of $5.1 million and $41.3 million, respectively. In August 2017, the FASB issued guidance amending and simplifying accounting for hedging activities. The guidance refined and expanded strategies that qualify for hedge accounting and simplif ied the application of hedge accounting in certain situations. The guidance is effective for fiscal years beginning after December 15, 2018. The Company adopted this guidance in its fiscal year beginning May 1, 2019. The adoption of this guidance did not have an impact on the consolidated financial statements. Recently Proposed Accounting Standards - Not Yet Adopted In June 2016, the FASB issued guidance on accounting for measurement of credit losses on financial Instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. The standard is effective for fiscal years beginning after December 15, 2019. The Company will adopt this guidance in its fiscal year beginning May 1, 2020. The adoption of this guidance 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 will adopt this guidance in its fiscal year beginning May 1, 2020. The adoption of this guidance is not anticipated to have a material impact on the consolidated financial statements. In August 2018, the FASB issued guidance amending the disclosure requirements for fair value measurements. The amendment removes and modifies disclosures that are currently required and adds additional disclosures that are deemed relevant. The amendments of this standard are effective for fiscal years beginning after December 15, 2019. The Company will adopt this guidance in its fiscal year beginning May 1, 2020. In August 2018, the FASB issued guidance amending accounting for internal-use software. The new guidance will align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with developing or obtaining internal-use software. The amendments of this standard are effective for fiscal years ending after December 15, 2019 with early adoption permitted. The Company will adopt this guidance in its fiscal year beginning May 1, 2020. The Company is currently evaluating the impact of adopting this guidance. In December 2019, the FASB issued guidance on Simplifying the Accounting for Income Taxes. This update eliminates certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The update also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The amendments of this standard are effective for fiscal year beginning after December 15, 2020, with early adoption permitted. The Company will adopt this guidance in its fiscal year beginning May 1, 2021. The adoption of this guidance is not anticipated to have a material impact on the consolidated financial statements.

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Share	9 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	2. Basic and Diluted Earnings Per Share Accounting Standards Codification 260, Earnings Per Share 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 the three and nine months ended January 31, 2020, restricted stock awards of 0.7 million were outstanding, but not included in the computation of diluted earnings per share because they were anti-dilutive. During the three and nine months ended January 31, 2019, restricted stock awards of 0.7 million and 0.6 million were outstanding, respectively, but not included in the computation of diluted earnings per share because they were anti-dilutive. The following table summarizes basic and diluted earnings per common share attributable to common stockholders: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands, except per share data) Net income attributable to Korn Ferry $ 19,993 $ 44,964 $ 105,748 $ 52,387 Less: distributed and undistributed earnings to nonvested restricted stockholders 222 468 1,138 541 Basic net earnings attributable to common stockholders 19,771 44,496 104,610 51,846 Add: undistributed earnings to nonvested restricted stockholders 161 409 960 365 Less: reallocation of undistributed earnings to nonvested restricted stockholders 160 405 953 359 Diluted net earnings attributable to common stockholders $ 19,772 $ 44,500 $ 104,617 $ 51,852 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 53,999 55,233 54,611 55,358 Effect of dilutive securities: Restricted stock 258 516 363 799 ESPP 7 4 32 24 Diluted weighted-average number of common shares outstanding 54,264 55,753 55,006 56,181 Net earnings per common share: Basic earnings per share $ 0.37 $ 0.81 $ 1.92 $ 0.94 Diluted earnings per share $ 0.36 $ 0.80 $ 1.90 $ 0.92

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Jan. 31, 2020
Equity [Abstract]
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 (loss). Accumulated other comprehensive income (loss), net of taxes, is recorded as a component of stockholders’ equity. The components of accumulated other comprehensive income (loss) were as follows: January 31, 2020 April 30, 2019 (in thousands) Foreign currency translation adjustments $ (63,900 ) $ (60,270 ) Deferred compensation and pension plan adjustments, net of tax (14,905 ) (16,838 ) Marketable securities unrealized loss, net of tax (5 ) — Interest rate swap unrealized gain, net of tax — 456 Accumulated other comprehensive loss, net $ (78,810 ) $ (76,652 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the three months ended January 31, 2020 : Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Losses on Marketable Securities Unrealized (Losses) Gains on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of October 31, 2019 $ (64,303 ) $ (15,848 ) $ — $ (495 ) $ (80,646 ) Unrealized gains (losses) arising during the period 403 450 (5 ) 128 976 Reclassification of realized net losses to net income — 493 — 367 860 Balance as of January 31, 2020 $ (63,900 ) $ (14,905 ) $ (5 ) $ — $ (78,810 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the nine months ended January 31, 2020: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Losses on Marketable Securities Unrealized Gains (Losses) on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of April 30, 2019 $ (60,270 ) $ (16,838 ) $ — $ 456 $ (76,652 ) Unrealized (losses) gains arising during the period (3,630 ) 450 (5 ) (678 ) (3,863 ) Reclassification of realized net losses to net income — 1,483 — 222 1,705 Balance as of January 31, 2020 $ (63,900 ) $ (14,905 ) $ (5 ) $ — $ (78,810 ) (1) The tax effect on unrealized gains was $0.2 million for both the three and nine months ended January 31, 2020, respectively. The tax effect on the reclassifications of realized net losses was $0.2 million and $0.5 million for the three and nine months ended January 31, 2020, respectively. (2) The tax effect on unrealized gains (losses) was $0.1 million and ($0.2) million for the three and nine months ended January 31, 2020, respectively. The tax effect on the reclassification of realized net losses to net income was $0.1 million for both the three and nine months ended January 31, 2020, respectively. The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the three months ended January 31, 2019: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Gains (Losses) on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of October 31, 2018 $ (59,472 ) $ (10,923 ) $ 1,814 $ (68,581 ) Unrealized gains (losses) arising during the period 6,017 — (880 ) 5,137 Reclassification of realized net losses (gains) to net income — 273 (100 ) 173 Balance as of January 31, 2019 $ (53,455 ) $ (10,650 ) $ 834 $ (63,271 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the nine months ended January 31, 2019 : Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Gains (Losses) on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of April 30, 2018 $ (32,399 ) $ (9,073 ) $ 1,337 $ (40,135 ) Unrealized losses arising during the period (21,056 ) — (538 ) (21,594 ) Reclassification of realized net losses (gains) to net income — 819 (164 ) 655 Effect of adoption of accounting standard — (2,396 ) 199 (2,197 ) Balance as of January 31, 2019 $ (53,455 ) $ (10,650 ) $ 834 $ (63,271 ) (1) The tax effect on the reclassifications of realized net losses was $0.1 million and $0.3 million for the three and nine months ended January 31, 2019, respectively. (2) The tax effect on unrealized losses was $0.3 million and $0.2 million for the three and nine months ended January 31, 2019, respectively. The tax effect on the reclassification of realized net gains to net income was $0.1 million for the nine months ended January 31, 2019.

Employee Stock Plans

Employee Stock Plans	9 Months Ended
	Jan. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
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: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands) Restricted stock $ 5,219 $ 5,413 $ 16,022 $ 17,083 ESPP 249 246 966 945 Total stock-based compensation expense $ 5,468 $ 5,659 $ 16,988 $ 18,028 Stock Incentive Plan At the Company’s 2019 Annual Meeting of Stockholders, held on October 3, 2019, the Company’s stockholders approved an amendment and restatement to the Korn Ferry Amended and Restated 2008 Stock Incentive Plan (the 2019 amendment and restatement being the “Fourth A&R 2008 Plan”), which, among other things, eliminated the fungible share counting provision and decreased the total number of shares of the Company’s common stock available for stock-based awards by 2,141,807 shares, leaving 3,600,000 shares available for issuance, subject to certain changes in the Company’s capital structure and other extraordinary events. The Fourth A&R 2008 Plan was also amended to generally require a minimum one-year Restricted Stock The Company grants time-based restricted stock awards to executive officers and other senior employees generally vesting over a four-year The Company also grants market-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. Restricted stock activity during the nine months ended January 31, 2020 is summarized below: Shares Weighted- Average Grant Date Fair Value (in thousands, except per share data) Non-vested, April 30, 2019 1,460 $ 38.42 Granted 605 $ 38.44 Vested (622 ) $ 25.16 Forfeited/expired (49 ) $ 34.92 Non-vested, January 31, 2020 1,394 $ 44.48 As of January 31, 2020, there were 0.5 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $12.7 million. As of January 31, 2020, there was $40.7 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 the three and nine months ended January 31, 2020, 3,343 shares and 228,579 shares of restricted stock totaling $0.1 million and $8.8 million, respectively, were repurchased by the Company, at the option of employees, to pay for taxes related to the vesting of restricted stock. During the three and nine months ended January 31, 2019, 150,227 shares and 352,730 shares of restricted stock totaling $7.3 million and $20.5 million, respectively, were repurchased by the Company, at the option of employees, to pay for taxes related to the 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. During the three and nine months ended January 31, 2020, employees purchased 93,557 shares at $36.04 per share and 220,161 shares at $34.90 per share, respectively. During the three and nine months ended January 31, 2019, employees purchased 94,193 shares at $33.61 per share and 169,299 shares at $42.05 per share, respectively. As of January 31, 2020, the ESPP had approximately 0.7 million shares remaining available for future issuance. Common Stock During the three and nine months ended January 31, 2020, the Company repurchased (on the open market or through privately negotiated transactions) 154,100 shares and 1,787,292 shares of the Company’s common stock for $6.2 million and $68.1 million, respectively. During the three and nine months ended January 31, 2019, the Company repurchased (on the open market or through privately negotiated transactions)

Financial Instruments

Financial Instruments	9 Months Ended
	Jan. 31, 2020
Investments All Other Investments [Abstract]
Financial Instruments	5. Financial Instruments The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2020 and April 30, 2019: January 31, 2020 Fair Value Measurement Balance Sheet Classification Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Marketable Securities, Current Marketable Securities, Non- current Income Taxes & Other Receivables (in thousands) Level 1: Cash $ 506,816 $ — $ — $ 506,816 $ 506,816 $ — $ — $ — Money market funds 50,402 — — 50,402 50,402 — — — Mutual funds (1) 143,885 8,366 (662 ) 151,589 — 7,800 143,789 — Total $ 701,103 $ 8,366 $ (662 ) $ 708,807 $ 557,218 $ 7,800 $ 143,789 $ — Level 2: Commercial paper $ 19,281 $ — $ (2 ) $ 19,279 $ 2,793 $ 16,486 $ — $ — Corporate notes/bonds 20,438 1 (6 ) 20,433 3,697 16,736 — — Total debt investments $ 39,719 $ 1 $ (8 ) $ 39,712 $ 6,490 $ 33,222 $ — $ — Foreign currency forward contracts $ — $ 751 $ (629 ) $ 122 $ — $ — $ — $ 122 April 30, 2019 Fair Value Measurement Balance Sheet Classification Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Marketable Securities, Current Marketable Securities, Non- current Income Taxes & Other Receivables (in thousands) Level 1: Cash $ 579,998 $ — $ — $ 579,998 $ 579,998 $ — $ — $ — Money market funds 46,362 — — 46,362 46,362 — — — Mutual funds (1) 135,439 6,301 (989 ) 140,751 — 8,288 132,463 — Total $ 761,799 $ 6,301 $ (989 ) $ 767,111 $ 626,360 $ 8,288 $ 132,463 $ — Level 2: Foreign currency forward contracts $ — $ 821 $ (722 ) $ 99 $ — $ — $ — $ 99 Interest rate swap $ — $ 619 $ — $ 619 $ — $ — $ — $ 619 (1) These investments are held in trust for settlement of the Company’s vested obligations of $135.7 million and $122.3 million as of January 31, 2020 and April 30, 2019, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans During the three and nine months ended January 31, 2019, the fair value of the investments increased; therefore, the Company recognized a gain of $2.2 million and $1.3 million, respectively, which was recorded in other income, net 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 January 31, 2020, marketable securities classified as available-for-sale consist of commercial paper and corporate notes/bonds for which market prices for similar assets are readily available. Investments that have an original maturity of 90 days or less and are considered highly liquid investments are classified as cash equivalents. As of January 31, 2020, available-for-sale marketable securities have remaining maturities ranging from three to eleven months. During the three and nine months ended January 31, 2020, there were no sales/maturities of available-for-sale marketable securities. 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 January 31, 2020 and April 30, 2019, the Company’s investments in marketable securities classified as trading consisted of mutual funds for which market prices are readily available. Designated Derivatives - Interest Rate Swap Agreement In March 2017, the Company entered into an interest rate swap contract with a notional amount of $129.8 million 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 interest rate swap agreement locked the interest rates on a portion of the debt outstanding at 1.919%, exclusive of the credit spread on the debt. The Company designated the swap as a cash flow hedge. On December 16, 2019, in conjunction with the payoff of the credit facility, the Company terminated the interest rate swap and recorded $0.5 million in interest expense, net. The fair value of the derivative designated as a cash flow hedge instrument was as follows: January 31, 2020 April 30, 2019 (in thousands) Derivative asset: Interest rate swap contract $ — $ 619 During the three and nine months ended January 31, 2020 and 2019, the Company recognized the following gains and losses on the interest rate swap: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands) Gains (losses) recognized in other comprehensive income (net of tax effects of $45, $(309), $(238) and $(189), respectively) $ 128 $ (880 ) $ (678 ) $ (538 ) (Losses) gains reclassified from accumulated other comprehensive loss into interest expense, net $ (493 ) $ 135 $ (297 ) $ 221 The cash flows related to the interest rate swap contract are included in net cash provided by operating activities. Foreign Currency Forward Contracts Not Designated as Hedges The fair value of derivatives not designated as hedge instruments are as follows: January 31, 2020 April 30, 2019 (in thousands) Derivative assets: Foreign currency forward contracts $ 751 $ 821 Derivative liabilities: Foreign currency forward contracts $ 629 $ 722 As of January 31, 2020, the total notional amounts of the forward contracts purchased and sold were $78.4 million and $58.5 million, respectively. As of April 30, 2019, the total notional amounts of the forward contracts purchased and sold were $51.4 million and $40.0 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 a master netting agreement. During the three and nine months ended January 31, 2020, the Company incurred gains of $0.5 million and $1.0 million, respectively, related to forward contracts, which is recorded in general and administrative expenses in the accompanying consolidated statements of income. These foreign currency gains offset foreign currency losses that result from transactions denominated in a currency other than the Company’s functional currency. During the three and nine months ended January 31, 2019, the Company incurred gains of $0.7 million and $0.6 million, respectively, related to forward contracts, which are recorded in general and administrative expenses in the accompanying consolidated statements of income. These gains offset foreign currency losses that result from transactions denominated in a currency other than the Company’s functional currency. The cash flows related to foreign currency forward contracts are included in net cash used in operating activities.

Deferred Compensation and Retir

Deferred Compensation and Retirement Plans	9 Months Ended
	Jan. 31, 2020
Compensation And Retirement Disclosure [Abstract]
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. Among these plans is a defined benefit pension plan for certain employees in the U.S.. The assets of this plan are held separately from the assets of the sponsor in self-administered funds. All other defined benefit obligations from other plans are unfunded. The components of net periodic benefit costs are as follows: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands) Service cost $ 6,502 $ 4,538 $ 18,432 $ 12,716 Interest cost 1,423 1,330 4,238 3,956 Amortization of actuarial loss 746 446 2,236 1,338 Expected return on plan assets (1) (363 ) (392 ) (1,089 ) (1,176 ) Net periodic service credit amortization (77 ) (77 ) (231 ) (231 ) Net periodic benefit costs (2) $ 8,231 $ 5,845 $ 23,586 $ 16,603 (1) The expected long-term rate of return on plan assets was 6.00% and 6.25% for January 31, 2020 and 2019, respectively. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the consolidated statements of income. 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 setting aside funds to cover such plans. The gross CSV of these contracts of $237.6 and $219.2 million as of January 31, 2020 and April 30, 2019, respectively, The Company’s ECAP is intended to provide certain employees an opportunity to defer salary and/or bonus on a pre-tax basis. 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 consolidated balance sheets. The ECAP is accounted for whereby the changes in the fair value of the vested amounts owed to the participants are adjusted with a corresponding charge (or credit) to compensation and benefits costs. During the three and nine months ended January 31, 2020, deferred compensation liability increased; therefore, the Company recognized compensation expense of $5.0 million and $8.6 million, respectively. Offsetting the increases in compensation and benefits expense was an increase in the fair value of marketable securities (held in trust to satisfy obligations of the ECAP liabilities) of $5.2 million and $8.3 million during the three and nine months ended January 31, 2020, respectively, recorded in other income, net on the consolidated statements of income. During the three and nine months ended January 31, 2019, deferred compensation liability increased; therefore, the Company recognized an increase in compensation expense of $2.2 million and $2.0 million, respectively. Offsetting the increase in compensation and benefits expense was an increase in the fair value of marketable securities (held in trust to satisfy obligations under the ECAP) of $2.2 million and $1.3 million during the three and nine months ended January 31, 2019, respectively, recorded in other income, net on the consolidated statements of income Financial Instruments

Fee Revenue

Fee Revenue	9 Months Ended
	Jan. 31, 2020
Revenue From Contract With Customer [Abstract]
Fee Revenue	7. Fee Revenue Substantially all fee revenue is derived from talent and organizational consulting services and digital sales, fees for professional services related to executive and professional recruitment performed on a retained basis and RPO, standalone or as part of a solution. Contract Balances A contract asset (unbilled receivables) is recorded when the Company transfers control of products or services before there is an unconditional right to payment. A contract liability (deferred revenue) is recorded when cash is received in advance of performance of the obligation. Deferred revenue represents the future performance obligations to transfer control of products or services for which we have already received consideration. Deferred revenue is presented in other accrued liabilities on the consolidated balance sheet. The following table outlines our contract asset and liability balances as of January 31, 2020 and April 30, 2019: January 31, 2020 April 30, 2019 (in thousands) Contract assets (unbilled receivables) $ 91,462 $ 60,595 Contract liabilities (deferred revenue) $ 142,014 $ 112,999 During the nine months ended January 31, 2020, we recognized revenue of $84.1 million that was included in the contract liabilities balance at the beginning of the period. Performance Obligations The Company has elected to apply the practical expedient to exclude the value of unsatisfied performance obligations for contracts with a duration of one year or less, which applies to all executive search and professional search fee revenue. As of January 31, 2020, the aggregate transaction price allocated to the performance obligations that are unsatisfied for contracts with an expected duration of greater than one year at inception was $596.1 million. Of the $596.1 million of remaining performance obligations, the Company expects to recognize approximately $122.0 million as fee revenue in fiscal 2020, $263.6 million in fiscal 2021, $117.2 million in fiscal 2022 and the remaining $93.3 million in fiscal 2023 and thereafter Disaggregation of Revenue The Company disaggregates its revenue by line of business and further by region for Executive Search. This information is presented in Note 10— Segments The following table provides further disaggregation of fee revenue by industry: Three Months Ended January 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 148,552 28.8 % $ 138,460 29.2 % Financial Services 87,917 17.1 86,570 18.2 Life Sciences/Healthcare 88,924 17.3 76,654 16.2 Consumer Goods 76,719 14.9 74,186 15.6 Technology 78,823 15.3 66,188 13.9 Education/Non-Profit 32,142 6.2 29,108 6.1 General 2,248 0.4 3,338 0.8 Fee Revenue $ 515,325 100.0 % $ 474,504 100.0 % Nine Months Ended January 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 427,469 28.6 % $ 418,159 29.1 % Financial Services 260,250 17.4 260,975 18.2 Life Sciences/Healthcare 259,845 17.4 239,425 16.7 Consumer Goods 223,779 15.0 224,848 15.7 Technology 218,273 14.6 189,155 13.2 Education/Non-Profit 92,605 6.3 90,748 6.3 General 10,042 0.7 11,967 0.8 Fee Revenue $ 1,492,263 100.0 % $ 1,435,277 100.0 %

Income Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The provision for income tax was an expense of $8.8 million and $39.0 million in the three and nine months ended January 31, 2020, respectively, resulting in a 29.5% and 26.6% effective tax rate, respectively. In both periods, the Company’s effective tax rate was higher than the U.S. federal statutory rate of 21.0% primarily due to the impact of U.S. state income taxes and the recognition of taxable income outside the U.S. at higher statutory tax rates.

Restructuring Charges, Net

Restructuring Charges, Net	9 Months Ended
	Jan. 31, 2020
Restructuring And Related Activities [Abstract]
Restructuring Charges, Net	9. Restructuring Charges, Net During the three months ended January 31, 2020, the Company adopted a restructuring plan to rationalize its cost structure to realize the efficiencies and operational improvement that the investments in the Digital business, as discussed in Note 10— Segments Changes in the restructuring liability during the three months ended January 31, 2020 are as follows: Restructuring Liability (in thousands) As of October 31, 2019 $ 528 Restructuring charges, net 18,093 Reductions for cash payments (11,075 ) Non-cash payments (1,284 ) Exchange rate fluctuations 12 As of January 31, 2020 $ 6,274 Changes in the restructuring liability during the nine months ended January 31, 2020 are as follows: Restructuring Liability (in thousands) As of April 30, 2019 $ 531 Restructuring charges, net 18,093 Reductions for cash payments (11,075 ) Non-cash payments (1,284 ) Exchange rate fluctuations 9 As of January 31, 2020 $ 6,274 As of January 31, 2020 and April 30, 2019, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $0.7 million and $0.5 million, respectively, which are included in other long-term liabilities.

Segments

Segments	9 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Segments	10. Segments Over the past year the Company invested in its digital business in order to digitize and harmonize the structure of its IP content and data and to build a technology platform for the efficient delivery of these assets directly to an end consumer or indirectly through a consultant engagement. These investments combined with the recent acquisition of the Acquired Companies have provided the Company the opportunity to reassess how the Company manages its Advisory business. Given the Company’s strategy and development of financial and operational metrics for the Consulting and Digital businesses the Company’s chief operating decision maker has begun to regularly make resource allocation decisions and assess performance separately between Consulting and Digital. Therefore, on November 1, 2019, the Company changed the composition of its global segments and under the new reporting format, the Advisory segment has been separated into two segments, Consulting and Digital. The Company operates through four global segments: 1. Consulting 2. Digital 3. Executive Search 4. RPO and Professional Search Executive Search is managed by geographic regional leaders. Worldwide operations for Consulting, Digital, and RPO and Professional Search are managed by their Chief Executive Officers. The Executive Search geographic regional leaders and the Chief Executive Officers of Consulting, Digital and RPO and Professional Search, report directly to the Chief Executive Officer of the Company. The Company also operates a Corporate segment to record global expenses. The Company evaluates performance and allocates resources based on the Company’s chief operating decision maker’s 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 in Note 1— Organization and Summary of Significant Accounting Policies Financial highlights by business segment are as follows: Three Months Ended January 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 140,525 $ 99,389 $ 106,888 $ 44,301 $ 25,089 $ 7,283 $ 183,561 $ 91,850 $ — $ 515,325 Total revenue $ 144,298 $ 100,663 $ 110,230 $ 45,077 $ 25,365 $ 7,351 $ 188,023 $ 94,995 $ — $ 527,979 Net income attributable to Korn Ferry $ 19,993 Net income attributable to noncontrolling interest 963 Other income, net (5,055 ) Interest expense, net 6,919 Income tax provision 8,775 Operating income (loss) $ 2,663 $ 8,463 $ 21,808 $ 4,644 $ 5,070 $ 1,198 $ 32,720 $ 14,144 $ (26,395 ) 31,595 Depreciation and amortization 4,417 5,832 847 422 329 295 1,893 979 1,742 14,863 Other income (loss), net 558 193 3,963 29 106 162 4,260 88 (44 ) 5,055 EBITDA 7,638 14,488 26,618 5,095 5,505 1,655 38,873 15,211 (24,697 ) 51,513 Integration/acquisition costs — 4,332 — — — — — — 2,372 6,704 Restructuring, charges, net 11,061 7,032 — — — — — — — 18,093 Separation costs — — — 1,783 — — 1,783 — — 1,783 Adjusted EBITDA $ 18,699 $ 25,852 $ 26,618 $ 6,878 $ 5,505 $ 1,655 $ 40,656 $ 15,211 $ (22,325 ) $ 78,093 Three Months Ended January 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 139,029 $ 62,473 $ 114,215 $ 45,940 $ 25,687 $ 7,554 $ 193,396 $ 79,606 $ — $ 474,504 Total revenue $ 143,204 $ 62,473 $ 117,725 $ 46,639 $ 26,046 $ 7,573 $ 197,983 $ 82,512 $ — $ 486,172 Net income attributable to Korn Ferry $ 44,964 Net income attributable to noncontrolling interest 480 Other income, net (2,463 ) Interest expense, net 4,282 Income tax provision 15,420 Operating income (loss) $ 11,782 $ 17,497 $ 30,596 $ 7,525 $ 5,929 $ 653 $ 44,703 $ 12,176 $ (23,475 ) 62,683 Depreciation and amortization 4,001 3,306 970 402 338 97 1,807 803 1,824 11,741 Other income (loss), net 582 204 1,626 26 (134 ) 133 1,651 77 (51 ) 2,463 EBITDA 16,365 21,007 33,192 7,953 6,133 883 48,161 13,056 (21,702 ) 76,887 Integration/acquisition costs 650 127 — — — — — — 27 804 Adjusted EBITDA $ 17,015 $ 21,134 $ 33,192 $ 7,953 $ 6,133 $ 883 $ 48,161 $ 13,056 $ (21,675 ) $ 77,691 Nine Months Ended January 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 422,103 $ 223,097 $ 332,428 $ 130,652 $ 78,395 $ 23,140 $ 564,615 $ 282,448 $ — $ 1,492,263 Total revenue $ 433,832 $ 224,371 $ 342,753 $ 132,830 $ 79,201 $ 23,211 $ 577,995 $ 292,156 $ — $ 1,528,354 Net income attributable to Korn Ferry $ 105,748 Net income attributable to noncontrolling interest 1,890 Other income, net (8,014 ) Interest expense, net 15,186 Income tax provision 38,988 Operating income (loss) $ 24,272 $ 41,036 $ 80,254 $ 18,466 $ 17,866 $ 2,999 $ 119,585 $ 44,279 $ (75,374 ) 153,798 Depreciation and amortization 13,188 13,156 2,617 1,328 1,004 938 5,887 2,961 5,163 40,355 Other income (loss), net 1,469 528 5,740 148 193 249 6,330 216 (529 ) 8,014 EBITDA 38,929 54,720 88,611 19,942 19,063 4,186 131,802 47,456 (70,740 ) 202,167 Integration/acquisition costs — 4,332 — — — — — — 4,987 9,319 Restructuring charges, net 11,061 7,032 — — — — — — — 18,093 Separation costs — — — 1,783 — — 1,783 — — 1,783 Adjusted EBITDA $ 49,990 $ 66,084 $ 88,611 $ 21,725 $ 19,063 $ 4,186 $ 133,585 $ 47,456 $ (65,753 ) $ 231,362 Nine Months Ended January 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 423,958 $ 190,008 $ 342,175 $ 137,522 $ 79,918 $ 24,339 $ 583,954 $ 237,357 $ — $ 1,435,277 Total revenue $ 437,235 $ 190,008 $ 352,804 $ 140,024 $ 80,817 $ 24,388 $ 598,033 $ 246,051 $ — $ 1,471,327 Net income attributable to Korn Ferry $ 52,387 Net income attributable to noncontrolling interest 1,782 Other income, net (2,483 ) Interest expense, net 12,722 Income tax provision 14,143 Operating income (loss) $ (47,431 ) $ 23,057 $ 92,438 $ 21,813 $ 19,337 $ 3,460 $ 137,048 $ 36,337 $ (70,460 ) 78,551 Depreciation and amortization 12,219 9,483 2,917 867 1,083 305 5,172 2,325 5,291 34,490 Other income (loss), net 1,107 514 1,146 388 118 263 1,915 103 (1,156 ) 2,483 EBITDA (34,105 ) 33,054 96,501 23,068 20,538 4,028 144,135 38,765 (66,325 ) 115,524 Integration/acquisition costs 5,304 1,255 — — — — — — 187 6,746 Tradename write-offs 76,967 29,588 — — — — — — — 106,555 Adjusted EBITDA $ 48,166 $ 63,897 $ 96,501 $ 23,068 $ 20,538 $ 4,028 $ 144,135 $ 38,765 $ (66,138 ) $ 228,825

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jan. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	11. Long-Term Debt 4.625% Senior Unsecured Notes due 2027 On December 16, 2019, the Company completed a private placement of 4.625% Senior Unsecured Notes due 2027 (the “Notes”) with $400 million principal amount pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Notes were issued with a $4.5 million discount and will mature December 15, 2027, with interest payable semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2020. The Notes represent senior unsecured obligations that rank equally in right of payment to all existing and future senior unsecured indebtedness. The Company may redeem the Notes prior to maturity, subject to certain limitations and premiums defined in the indenture governing the Notes. At any time prior to December 15, 2022, the Company may redeem the Notes at a redemption price equal to 100% of the principal plus the Applicable Premium (as defined in the indenture governing the Notes), and accrued and unpaid interest. At any time prior to December 15, 2022, the Company may use the proceeds of certain equity offerings to redeem up to 35% of the aggregate principal amount of the Notes, including any permitted additional notes, at a redemption price equal to 104.625% of the principal amount and accrued and unpaid interest. At any time and from time to time on or after December 15, 2022, the Company may redeem the Notes at the applicable redemption prices set forth in the table below, plus accrued and unpaid interest, if redeemed during the twelve-month period beginning on December 15 of each of the years indicated: Year Percentage 2022 102.313% 2023 101.156% 2024 and thereafter 100.000% The Notes allow the Company to pay $25 million of dividends per fiscal year with no restrictions, plus an unlimited amount of dividends so long as the Company’s consolidated total leverage ratio is not greater than 3.50 to 1.00, and the Company is not in default under the indenture governing the Notes. The Notes are guaranteed by each of the Company's existing and future wholly owned domestic subsidiaries to the extent such subsidiaries guarantee the Company's revolving credit facility. The indenture governing the Notes requires that, upon the occurrence of both a Change of Control and a Rating Decline (each as defined in the indenture), the Company shall make an offer to purchase all of the Notes at 101% of their principal amount, and accrued and unpaid interest. The Company used the proceeds from the offering of the Notes to repay $276.9 million outstanding under the Company’s prior revolving credit facility (the “Prior Credit Agreement”) and to pay expenses and fees in connection therewith. The remainder of the proceeds will be used for general corporate requirements. The effective interest rate on the Notes is 4.86%. As of January 31, 2020, the fair value of the Notes was $402 million, based on borrowing rates then required of notes with similar terms, maturity and credit risk. The fair value of the Notes was classified as a Level 2 measurement in the fair value hierarchy. Long-term debt, at amortized cost, consisted of the following: In thousands January 31, 2020 April 30, 2019 Senior Unsecured Notes $ 400,000 $ — Revolver — 226,875 Less: Unamortized discount and issuance costs (6,014 ) (3,997 ) Long-term borrowings, net of unamortized discount and debt issuance costs $ 393,986 $ 222,878 Credit Facility On December 16, 2019, the Company entered into a Credit Agreement (the “Credit Agreement”) with a syndicate of banks and Bank of America, National Association as administrative agent to among other things, provide for enhanced financial flexibility. The Credit Agreement provides for a $650.0 million five-year The principal balance of the Revolver , if any, is due on the date of its termination. The Revolver matures on December 1 6 , 202 4 and any unpaid principal balance is payable on this date. The Revolver may also be prepaid and terminated early by the Company at any time without premium or penalty (subject to customary LIBOR breakage fees). 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 Agreement may fluctuate between LIBOR plus 1.125% per annum to LIBOR plus 2.00% per annum, in the case of LIBOR borrowings (or between the alternate base rate plus 0.125% 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 net leverage ratio”) at such time. In addition, the Company will be required to pay to the lenders a quarterly commitment fee ranging from 0.175% to 0.35% per annum on the average daily unused amount of the Revolver, based upon the Company’s consolidated net leverage ratio at such time, and fees relating to the issuance of letters of credit. During the three and nine months ended January 31, 2020, the average interest rate on amounts outstanding under the prior revolver was 2.94% and 3.44%, respectively. During the three and nine months ended January 31, 2019, the average interest rate on amounts outstanding under the prior revolver was 3.64% and 3.42%, respectively. As of January 31, 2020, there was no outstanding liability under the Revolver compared to $226.9 million as of April 30, 2019 under the prior revolver. The unamortized debt issuance costs associated with the Credit Agreement was $4.5 million as of January 31, 2020 and $4.0 million under the Prior Credit Agreement as of April 30, 2019. As of January 31, 2020 debt issuance costs were included in other current assets and other non-current assets on the balance sheet. As of January 31, 2020, the Company was in compliance with its debt covenants. The Company had a total of $646.0 million available under the Revolver

Leases

Leases	9 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Leases	12. Leases The Company’s lease portfolio is comprised of operating leases for office space and equipment and finance leases for equipment. Equipment leases are comprised of vehicles and office equipment. The majority of the Company’s leases include both lease and non-lease components. Non-lease components primarily include maintenance, insurance, taxes and other utilities. The Company has decided to combine fixed payments for non-lease components with its lease payments and account for them as a single lease component, which increases its ROU assets and lease liabilities. Some of the leases include one or more options to renew or terminate the lease at the Company’s discretion. Generally, the renewal and termination options are not included in the ROU assets and lease liabilities as they are not reasonably certain of exercise. The Company has elected not to recognize a ROU asset or lease liability for leases with an initial term of 12 months or less. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of the future minimum lease payments. The Company applies the portfolio approach when determining the incremental borrowing rate since it has a centrally managed treasury function. The Company’s incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments in a similar economic environment. Operating leases contain both office and equipment leases, have remaining terms that range from less than one year to 11 years, some of which also include options to extend or terminate the lease. Finance leases are comprised of equipment leases and have remaining terms that range from less than one year to 5 years. Finance lease assets are included in property and equipment, net while finance lease liabilities are included in other accrued liabilities and other liabilities. As a result of the acquisition of the Acquired Companies, the Company recognized ROU assets of $3.2 million with a corresponding liability of $6.7 million. The ROU asset balance was adjusted by reclassification of pre-existing prepaid expenses, restructuring liabilities and deferred rent totaling $3.5 million. As part of the plan for integrating the Acquired Companies, the Company decided to exit 16 office leases and as a result, recorded an impairment charge of the ROU assets of $2.3 million recorded in the consolidated statements of income. The components of lease expense were as follows: Three Months Ended January 31, 2020 Nine Months Ended January 31, 2020 (in thousands) Finance lease cost Amortization of ROU assets $ 467 $ 1,410 Interest on lease liabilities 38 117 505 1,527 Operating lease cost 15,035 43,428 Short-term lease cost 335 891 Variable lease cost 3,988 10,064 Lease impairment cost 2,282 2,282 Sublease income (217 ) (324 ) Total lease cost $ 21,928 $ 57,868 Supplemental cash flow information related to leases was as follows: Nine Months Ended January 31, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 47,040 Financing cash flows from finance leases $ 1,426 ROU assets obtained in exchange for lease obligations: Operating leases $ 11,742 Finance leases $ 1,102 Supplemental balance sheet information related to leases was as follows: January 31, 2020 (in thousands) Finance Leases: Property and equipment, at cost $ 4,825 Accumulated depreciation (1,367 ) Property and equipment, net $ 3,458 Other accrued liabilities $ 1,511 Other liabilities 1,996 Total finance lease liabilities $ 3,507 Weighted average remaining lease terms: Operating leases 6.4 years Finance leases 2.8 years Weighted average discount rate: Operating leases 4.8 % Finance leases 4.1 % Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2020 (excluding the nine months ended January 31, 2020) $ 15,993 $ 456 2021 57,740 1,503 2022 50,324 1,052 2023 43,468 441 2024 40,464 206 Thereafter 77,370 48 Total lease payments 285,359 3,706 Less: imputed interest 37,558 199 Total $ 247,801 $ 3,507

Acquisition

Acquisition	9 Months Ended
	Jan. 31, 2020
Business Combinations [Abstract]
Acquisition	13. Acquisition On November 1, 2019, the Company completed its acquisition of the Acquired Companies for $108.6 million, net of cash acquired. The Acquired Companies contribute a world-class portfolio of learning, development and performance improvement offerings and expertise to Korn Ferry and bolster the Company’s substantial leadership development capabilities. The Acquired Companies specialize in transforming sales performance and customer experience, offer frontline leadership development and provide organizational and project management training. These companies are included in the new Digital segment which, working closely with the new Consulting segment, will provide clients with direct access to data, insights and analytics from one of the world’s most comprehensive people and organizational databases. The addition of the Acquired Companies further expands Korn Ferry’s vast intellectual property and content and leverages the firm’s digital delivery platforms. Actual results of operations of the Acquired Companies are included in the Company’s consolidated financial statements from November 1, 2019, the effective date of the acquisition. The following table provides a summary of the net assets acquired: (in thousands) Current assets (1) $ 44,475 Long-term assets 16,413 Intangibles assets (2) 45,400 Current liabilities 29,502 Long-term liabilities 5,720 Net assets acquired 71,066 Purchase price 108,602 Goodwill (3) $ 37,536 ( 1 ) Included in current assets is acquired receivables in the amount of $41.1 million. ( 2 ) Acquisition-related intangible assets (3) Tax deductible goodwill from the acquisition was $37.1 million as of January 31, 2020. The aggregate purchase price was allocated on a preliminary basis to the assets acquired and liabilities assumed on their estimated fair values at the date of acquisition. As of January 31, 2020, these allocations remain preliminary with regard to income taxes. The measurement period for purchase price allocation ends as soon as information on the facts and circumstances becomes available, not to exceed 12 months.

Subsequent Event

Subsequent Event	9 Months Ended
	Jan. 31, 2020
Subsequent Events [Abstract]
Subsequent Event	14. Subsequent Event Quarterly Dividend Declaration On March 10, 2020, the Board of Directors of the Company declared a cash dividend of $0.10 per share with a payment date of April 15, 2020 to holders of the Company’s common stock of record at the close of business on March 26, 2020. 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 of Directors may amend, revoke or suspend the dividend policy at any time and for any reason.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The accompanying financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended April 30, 2019 for 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”) and prevailing practice within the industry. 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. The results of operations for the interim period are not necessarily indicative of the results for the entire fiscal year. 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. The Company has control of a Mexican subsidiary and consolidates the operations of this subsidiary. Noncontrolling interest, which represents the Mexican partners’ 51% interest in the Mexican subsidiary, is reflected on the Company’s consolidated financial statements. The Company considers events or transactions that occur after the balance sheet date but before the consolidated financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures.
Use of Estimates and Uncertainties	Use of Estimates and Uncertainties The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates, and changes in estimates are reported in current operations as new information is learned or upon the amounts becoming fixed or determinable. The most significant areas that require management’s judgment are revenue recognition, deferred compensation, annual performance-related bonuses, evaluation of the carrying value of receivables, goodwill and other intangible assets, share-based payments, leases, and the recoverability of deferred income taxes.
Revenue Recognition	Revenue Recognition Substantially all fee revenue is derived from talent and organizational consulting services and the digital sales, fees for professional services related to executive and professional recruitment performed on a retained basis and RPO, either Revenue is recognized when control of the goods and services are transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. Revenue contracts with customers are evaluated based on the five-step model outlined in Accounting Standard Codification 606 (“ASC 606”): 1) identify the contract with a customer; 2) identify the performance obligation(s) in the contract; 3) determine the transaction price; 4) allocate the transaction price to the separate performance obligation(s); and 5) recognize revenue when (or as) each performance obligation is satisfied. Consulting fee revenue is primarily recognized as services are rendered, measured by total hours incurred to the total estimated hours at completion. It is possible that updated estimates for consulting engagements 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. Digital revenue is generated from IP platforms enabling large-scale, technology-based talent programs for pay, talent development, engagement, and assessment and is consumed directly by an end user or indirectly through a consulting engagement. Revenue is recognized as services are delivered and the Company has a legally enforceable right to payment. Revenue also comes from the sale of our proprietary IP subscriptions, which are considered symbolic IP due to the dynamic nature of the content. As a result, revenue is recognized over the term of the contract. Functional IP licenses grant customers the right to use IP content via the delivery of a flat file. Because the IP content license has significant stand-alone functionality, revenue is recognized upon delivery and when an enforceable right to payment exists. Revenue for tangible and digital products sold by the Company, such as books and digital files, is recognized when these products are sold or shipped. Fee revenue from executive and professional search activities is generally one-third of the estimated first-year cash compensation of the placed candidate, plus a percentage of the fee to cover RPO fee
Reimbursements	Reimbursements The Company incurs certain out-of-pocket expenses that are reimbursed by its clients, which are accounted for as revenue in the 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 and 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 from the date of purchase to be cash equivalents. As of January 31, 2020, the Company’s investments in cash equivalents consisted of money market funds, commercial papers and corporate notes/bonds with maturity of less than 90 days for which market prices are readily available. As of April 30, 2019, cash equivalents consisted of money market funds.
Marketable Securities	Marketable Securities The Company currently has investments in marketable securities and mutual funds that are classified as either trading securities or available-for-sale, based upon management’s intent and ability to hold, sell or trade such securities. The classification of the investments in these marketable securities and mutual funds is assessed upon purchase and reassessed at each reporting period. These investments are recorded at fair value and are classified as marketable securities in the accompanying consolidated balance sheets. The Company invests in mutual funds (for which market prices are readily available) that are held in trust to satisfy obligations under the Company’s deferred compensation plans. Such investments are classified as trading securities 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. 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 marketable securities are recorded in the accompanying consolidated statements of income in other income, net. The Company also invests cash in excess of its daily operating requirements and capital needs primarily in marketable fixed income (debt) securities in accordance with the Company’s investment policy, which restricts the type of investments that can be made. The Company’s investment portfolio includes commercial paper and corporate notes/ bonds. These marketable fixed income (debt)
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: Observable inputs such as quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ▪ Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. ▪ Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. As of January 31, 2020 and April 30, 2019 , 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 , foreign currency forward contracts and an interest rate swap. The carrying amount of cash, cash equivalents and accounts receivable approximates fair value due to the short-term maturity of these instruments. The fair values of marketable securities classified as trading are obtained from quoted market prices, and the fair values of marketable securities classified as available-for-sale , foreign currency forward contracts and 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 On December 16, 2019, in conjunction with the payoff of the credit facility, the Company terminated its interest rate swap. The Company had entered into the interest rate swap agreement to effectively convert its variable debt to a fixed-rate basis. The principal objective was 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 determined that the interest rate swap qualified 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 The Company has established a program that primarily utilizes foreign currency forward contracts to offset the risks associated with the effects of certain foreign currency exposures primarily originating from intercompany balances due to cross border work performed in the ordinary course of business. These foreign currency forward contracts are neither used for trading purposes nor are they designated as hedging instruments pursuant to ASC 815. 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 statements 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 noncontrolling interest in the acquired entity, and recognize and measure goodwill or a gain from the purchase. The acquiree’s results are included in the Company’s consolidated financial statements from the date of acquisition. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill, or if the fair value of the assets acquired exceeds the purchase price consideration, a bargain purchase gain is recorded. Adjustments to fair value assessments are generally recorded to goodwill over the measurement period (not longer than twelve months). The acquisition method also requires that acquisition-related transaction and post-acquisition restructuring costs be charged to expense as committed and requires the Company to recognize and measure certain assets and liabilities including those arising from contingencies and contingent consideration in a business combination.
Leases	Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of use (“ROU”) assets and current and non-current operating lease liability, in the consolidated balance sheets. Finance leases are included in property and equipment, net, other accrued liabilities and other liabilities in the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term, and the lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term, with variable lease payments recognized in the periods in which they are incurred. The Company has lease agreements with lease and non-lease components. For all leases with non-lease components the Company accounts for the lease and non-lease components as a single lease component.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets include property, equipment, right-of-use assets and software developed or obtained for internal use. In accordance with ASC 360, Property, Plant and Equipment (“ASC 360”), management reviews the Company’s recorded long-lived assets for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company determines the extent to which an asset may be impaired based upon its expectation of the asset’s future usability, as well as on a reasonable assurance that the future cash flows associated with the asset will be in excess of its carrying amount. If the total of the expected undiscounted future cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between fair value and the carrying value of the asset. During the three months ended January 31, 2020, the Company decided that it would exit 16 office leases as part of the integration of the acquisition of Miller Heiman Group, AchieveForum and Strategy Execution (“Acquired Companies”). This resulted in an impairment charge of the ROU asset of $2.3 million and impairment of leasehold improvements and furniture and fixtures of $0.4 million, both recorded in the consolidated statements of income in general and administrative expenses.
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, 2019, indicated that the fair value of each reporting unit exceeded its carrying amount and no reporting units were at risk of failing the impairment test. As a result, no impairment charge was recognized. The Company’s annual impairment test will be performed in the fourth quarter of fiscal 2020. There was also no indication of potential impairment as of January 31, 2020 and April 30, 2019 that required further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases and IP. Intangible assets 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. As of January 31, 2020 and April 30, 2019, there were no indicators of impairment with respect to the Company’s intangible assets. On June 12, 2018, the Company’s Board of Directors voted to approve a plan to go to market under a single, master brand architecture and to simplify the Company’s organizational structure by eliminating and/or consolidating certain legal entities and implementing a rebranding of the Company to offer the Company’s current products and services using the “Korn Ferry” name, branding and trademarks. As a result, the Company discontinued the use of all sub-brands being used at that time. Two of the Company’s former sub-brands, Hay Group and Lominger, came to Korn Ferry through acquisitions. In connection with the accounting for these acquisitions, $106.6 million of the purchase price was allocated to indefinite-lived tradename intangible assets. As a result of the decision to discontinue their use, the Company took a non-cash intangible asset write-off of $106.6 million during the nine months ended January 31, 2019, recorded in general and administrative expenses.
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 Consulting , Digital and RPO & Professional Search consultants), the level of engagements referred by a consultant in one line of business to a different line of business, and 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, 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 $177.9 million and $202.4 million during the nine months ended January 31, 2020 and 2019, respectively, included in compensation and benefits expense in the consolidated statements of income. During the three months ended January 31, 2020 and 2019, the performance related bonus expense was $60.5 million and $59.5 million, respectively. 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. Unearned compensation on the consolidated balance sheets includes long-term retention awards that are generally amortized over four-to-five years.
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. 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 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 purchases under the ESPP on a straight-line basis over the service period for the entire award.
Reclassifications	Reclassifications Certain reclassifications have been made to the amounts in prior periods in order to conform to the current period’s presentation.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued guidance (Accounting Standard Codification 842 – Leases Leases . The adoption of this standard had a material impact on the consolidated balance sheet as of January 31, 2020 due to the recognition of ROU assets and operating lease liabilities, but an immaterial impact on the Company’s consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of stockholders’ equity, and consolidated statements of cash flows. Upon adoption we recognized total ROU assets of $236.1 million with a corresponding liability of $272.3 million. The ROU asset balance was adjusted by the reclassification of pre-existing prepaid expenses and other assets and deferred rent balances of $5.1 million and $41.3 million, respectively. In August 2017, the FASB issued guidance amending and simplifying accounting for hedging activities. The guidance refined and expanded strategies that qualify for hedge accounting and simplif ied the application of hedge accounting in certain situations. The guidance is effective for fiscal years beginning after December 15, 2018. The Company adopted this guidance in its fiscal year beginning May 1, 2019. The adoption of this guidance did not have an impact on the consolidated financial statements.
Recently Proposed Accounting Standards - Not Yet Adopted	Recently Proposed Accounting Standards - Not Yet Adopted In June 2016, the FASB issued guidance on accounting for measurement of credit losses on financial Instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. The standard is effective for fiscal years beginning after December 15, 2019. The Company will adopt this guidance in its fiscal year beginning May 1, 2020. The adoption of this guidance 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 will adopt this guidance in its fiscal year beginning May 1, 2020. The adoption of this guidance is not anticipated to have a material impact on the consolidated financial statements. In August 2018, the FASB issued guidance amending the disclosure requirements for fair value measurements. The amendment removes and modifies disclosures that are currently required and adds additional disclosures that are deemed relevant. The amendments of this standard are effective for fiscal years beginning after December 15, 2019. The Company will adopt this guidance in its fiscal year beginning May 1, 2020. In August 2018, the FASB issued guidance amending accounting for internal-use software. The new guidance will align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with developing or obtaining internal-use software. The amendments of this standard are effective for fiscal years ending after December 15, 2019 with early adoption permitted. The Company will adopt this guidance in its fiscal year beginning May 1, 2020. The Company is currently evaluating the impact of adopting this guidance. In December 2019, the FASB issued guidance on Simplifying the Accounting for Income Taxes. This update eliminates certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The update also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The amendments of this standard are effective for fiscal year beginning after December 15, 2020, with early adoption permitted. The Company will adopt this guidance in its fiscal year beginning May 1, 2021. The adoption of this guidance is not anticipated to have a material impact on the consolidated financial statements.

Basic and Diluted Earnings Pe_2

Basic and Diluted Earnings Per Share (Tables)	9 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Common Share Attributable to Common Stockholders	The following table summarizes basic and diluted earnings per common share attributable to common stockholders: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands, except per share data) Net income attributable to Korn Ferry $ 19,993 $ 44,964 $ 105,748 $ 52,387 Less: distributed and undistributed earnings to nonvested restricted stockholders 222 468 1,138 541 Basic net earnings attributable to common stockholders 19,771 44,496 104,610 51,846 Add: undistributed earnings to nonvested restricted stockholders 161 409 960 365 Less: reallocation of undistributed earnings to nonvested restricted stockholders 160 405 953 359 Diluted net earnings attributable to common stockholders $ 19,772 $ 44,500 $ 104,617 $ 51,852 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 53,999 55,233 54,611 55,358 Effect of dilutive securities: Restricted stock 258 516 363 799 ESPP 7 4 32 24 Diluted weighted-average number of common shares outstanding 54,264 55,753 55,006 56,181 Net earnings per common share: Basic earnings per share $ 0.37 $ 0.81 $ 1.92 $ 0.94 Diluted earnings per share $ 0.36 $ 0.80 $ 1.90 $ 0.92

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jan. 31, 2020
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) were as follows: January 31, 2020 April 30, 2019 (in thousands) Foreign currency translation adjustments $ (63,900 ) $ (60,270 ) Deferred compensation and pension plan adjustments, net of tax (14,905 ) (16,838 ) Marketable securities unrealized loss, net of tax (5 ) — Interest rate swap unrealized gain, net of tax — 456 Accumulated other comprehensive loss, net $ (78,810 ) $ (76,652 )
Changes in Each Component of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the three months ended January 31, 2020 : Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Losses on Marketable Securities Unrealized (Losses) Gains on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of October 31, 2019 $ (64,303 ) $ (15,848 ) $ — $ (495 ) $ (80,646 ) Unrealized gains (losses) arising during the period 403 450 (5 ) 128 976 Reclassification of realized net losses to net income — 493 — 367 860 Balance as of January 31, 2020 $ (63,900 ) $ (14,905 ) $ (5 ) $ — $ (78,810 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the nine months ended January 31, 2020: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Losses on Marketable Securities Unrealized Gains (Losses) on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of April 30, 2019 $ (60,270 ) $ (16,838 ) $ — $ 456 $ (76,652 ) Unrealized (losses) gains arising during the period (3,630 ) 450 (5 ) (678 ) (3,863 ) Reclassification of realized net losses to net income — 1,483 — 222 1,705 Balance as of January 31, 2020 $ (63,900 ) $ (14,905 ) $ (5 ) $ — $ (78,810 ) (1) The tax effect on unrealized gains was $0.2 million for both the three and nine months ended January 31, 2020, respectively. The tax effect on the reclassifications of realized net losses was $0.2 million and $0.5 million for the three and nine months ended January 31, 2020, respectively. (2) The tax effect on unrealized gains (losses) was $0.1 million and ($0.2) million for the three and nine months ended January 31, 2020, respectively. The tax effect on the reclassification of realized net losses to net income was $0.1 million for both the three and nine months ended January 31, 2020, respectively. The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the three months ended January 31, 2019: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Gains (Losses) on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of October 31, 2018 $ (59,472 ) $ (10,923 ) $ 1,814 $ (68,581 ) Unrealized gains (losses) arising during the period 6,017 — (880 ) 5,137 Reclassification of realized net losses (gains) to net income — 273 (100 ) 173 Balance as of January 31, 2019 $ (53,455 ) $ (10,650 ) $ 834 $ (63,271 ) The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the nine months ended January 31, 2019 : Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Gains (Losses) on Interest Rate Swap (2) Accumulated Other Comprehensive Income (Loss) (in thousands) Balance as of April 30, 2018 $ (32,399 ) $ (9,073 ) $ 1,337 $ (40,135 ) Unrealized losses arising during the period (21,056 ) — (538 ) (21,594 ) Reclassification of realized net losses (gains) to net income — 819 (164 ) 655 Effect of adoption of accounting standard — (2,396 ) 199 (2,197 ) Balance as of January 31, 2019 $ (53,455 ) $ (10,650 ) $ 834 $ (63,271 ) (1) The tax effect on the reclassifications of realized net losses was $0.1 million and $0.3 million for the three and nine months ended January 31, 2019, respectively. (2) The tax effect on unrealized losses was $0.3 million and $0.2 million for the three and nine months ended January 31, 2019, respectively. The tax effect on the reclassification of realized net gains to net income was $0.1 million for the nine months ended January 31, 2019.

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	9 Months Ended
	Jan. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
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: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands) Restricted stock $ 5,219 $ 5,413 $ 16,022 $ 17,083 ESPP 249 246 966 945 Total stock-based compensation expense $ 5,468 $ 5,659 $ 16,988 $ 18,028
Restricted Stock Activity	Restricted stock activity during the nine months ended January 31, 2020 is summarized below: Shares Weighted- Average Grant Date Fair Value (in thousands, except per share data) Non-vested, April 30, 2019 1,460 $ 38.42 Granted 605 $ 38.44 Vested (622 ) $ 25.16 Forfeited/expired (49 ) $ 34.92 Non-vested, January 31, 2020 1,394 $ 44.48

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2020
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2020 and April 30, 2019: January 31, 2020 Fair Value Measurement Balance Sheet Classification Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Marketable Securities, Current Marketable Securities, Non- current Income Taxes & Other Receivables (in thousands) Level 1: Cash $ 506,816 $ — $ — $ 506,816 $ 506,816 $ — $ — $ — Money market funds 50,402 — — 50,402 50,402 — — — Mutual funds (1) 143,885 8,366 (662 ) 151,589 — 7,800 143,789 — Total $ 701,103 $ 8,366 $ (662 ) $ 708,807 $ 557,218 $ 7,800 $ 143,789 $ — Level 2: Commercial paper $ 19,281 $ — $ (2 ) $ 19,279 $ 2,793 $ 16,486 $ — $ — Corporate notes/bonds 20,438 1 (6 ) 20,433 3,697 16,736 — — Total debt investments $ 39,719 $ 1 $ (8 ) $ 39,712 $ 6,490 $ 33,222 $ — $ — Foreign currency forward contracts $ — $ 751 $ (629 ) $ 122 $ — $ — $ — $ 122 April 30, 2019 Fair Value Measurement Balance Sheet Classification Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Marketable Securities, Current Marketable Securities, Non- current Income Taxes & Other Receivables (in thousands) Level 1: Cash $ 579,998 $ — $ — $ 579,998 $ 579,998 $ — $ — $ — Money market funds 46,362 — — 46,362 46,362 — — — Mutual funds (1) 135,439 6,301 (989 ) 140,751 — 8,288 132,463 — Total $ 761,799 $ 6,301 $ (989 ) $ 767,111 $ 626,360 $ 8,288 $ 132,463 $ — Level 2: Foreign currency forward contracts $ — $ 821 $ (722 ) $ 99 $ — $ — $ — $ 99 Interest rate swap $ — $ 619 $ — $ 619 $ — $ — $ — $ 619 (1) These investments are held in trust for settlement of the Company’s vested obligations of $135.7 million and $122.3 million as of January 31, 2020 and April 30, 2019, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans During the three and nine months ended January 31, 2019, the fair value of the investments increased; therefore, the Company recognized a gain of $2.2 million and $1.3 million, respectively, which was recorded in other income, net
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2020 and April 30, 2019: January 31, 2020 Fair Value Measurement Balance Sheet Classification Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Marketable Securities, Current Marketable Securities, Non- current Income Taxes & Other Receivables (in thousands) Level 1: Cash $ 506,816 $ — $ — $ 506,816 $ 506,816 $ — $ — $ — Money market funds 50,402 — — 50,402 50,402 — — — Mutual funds (1) 143,885 8,366 (662 ) 151,589 — 7,800 143,789 — Total $ 701,103 $ 8,366 $ (662 ) $ 708,807 $ 557,218 $ 7,800 $ 143,789 $ — Level 2: Commercial paper $ 19,281 $ — $ (2 ) $ 19,279 $ 2,793 $ 16,486 $ — $ — Corporate notes/bonds 20,438 1 (6 ) 20,433 3,697 16,736 — — Total debt investments $ 39,719 $ 1 $ (8 ) $ 39,712 $ 6,490 $ 33,222 $ — $ — Foreign currency forward contracts $ — $ 751 $ (629 ) $ 122 $ — $ — $ — $ 122 April 30, 2019 Fair Value Measurement Balance Sheet Classification Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Marketable Securities, Current Marketable Securities, Non- current Income Taxes & Other Receivables (in thousands) Level 1: Cash $ 579,998 $ — $ — $ 579,998 $ 579,998 $ — $ — $ — Money market funds 46,362 — — 46,362 46,362 — — — Mutual funds (1) 135,439 6,301 (989 ) 140,751 — 8,288 132,463 — Total $ 761,799 $ 6,301 $ (989 ) $ 767,111 $ 626,360 $ 8,288 $ 132,463 $ — Level 2: Foreign currency forward contracts $ — $ 821 $ (722 ) $ 99 $ — $ — $ — $ 99 Interest rate swap $ — $ 619 $ — $ 619 $ — $ — $ — $ 619 (1) These investments are held in trust for settlement of the Company’s vested obligations of $135.7 million and $122.3 million as of January 31, 2020 and April 30, 2019, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans During the three and nine months ended January 31, 2019, the fair value of the investments increased; therefore, the Company recognized a gain of $2.2 million and $1.3 million, respectively, which was recorded in other income, net
Summary of Gains and Losses on Interest Rate Swap	During the three and nine months ended January 31, 2020 and 2019, the Company recognized the following gains and losses on the interest rate swap: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands) Gains (losses) recognized in other comprehensive income (net of tax effects of $45, $(309), $(238) and $(189), respectively) $ 128 $ (880 ) $ (678 ) $ (538 ) (Losses) gains reclassified from accumulated other comprehensive loss into interest expense, net $ (493 ) $ 135 $ (297 ) $ 221
Fair Value of Liabilities Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: January 31, 2020 April 30, 2019 (in thousands) Derivative assets: Foreign currency forward contracts $ 751 $ 821 Derivative liabilities: Foreign currency forward contracts $ 629 $ 722
Not Designated as Hedge Instrument
Fair Value of Assets Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: January 31, 2020 April 30, 2019 (in thousands) Derivative assets: Foreign currency forward contracts $ 751 $ 821 Derivative liabilities: Foreign currency forward contracts $ 629 $ 722
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 was as follows: January 31, 2020 April 30, 2019 (in thousands) Derivative asset: Interest rate swap contract $ — $ 619

Deferred Compensation and Ret_2

Deferred Compensation and Retirement Plans (Tables)	9 Months Ended
	Jan. 31, 2020
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Benefits Costs	The components of net periodic benefit costs are as follows: Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 (in thousands) Service cost $ 6,502 $ 4,538 $ 18,432 $ 12,716 Interest cost 1,423 1,330 4,238 3,956 Amortization of actuarial loss 746 446 2,236 1,338 Expected return on plan assets (1) (363 ) (392 ) (1,089 ) (1,176 ) Net periodic service credit amortization (77 ) (77 ) (231 ) (231 ) Net periodic benefit costs (2) $ 8,231 $ 5,845 $ 23,586 $ 16,603 (1) The expected long-term rate of return on plan assets was 6.00% and 6.25% for January 31, 2020 and 2019, respectively. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the consolidated statements of income.

Fee Revenue (Tables)

Fee Revenue (Tables)	9 Months Ended
	Jan. 31, 2020
Revenue From Contract With Customer [Abstract]
Schedule of Contract Asset and Liability	The following table outlines our contract asset and liability balances as of January 31, 2020 and April 30, 2019: January 31, 2020 April 30, 2019 (in thousands) Contract assets (unbilled receivables) $ 91,462 $ 60,595 Contract liabilities (deferred revenue) $ 142,014 $ 112,999
Schedule of Disaggregation of Fee Revenue by Industry	The following table provides further disaggregation of fee revenue by industry: Three Months Ended January 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 148,552 28.8 % $ 138,460 29.2 % Financial Services 87,917 17.1 86,570 18.2 Life Sciences/Healthcare 88,924 17.3 76,654 16.2 Consumer Goods 76,719 14.9 74,186 15.6 Technology 78,823 15.3 66,188 13.9 Education/Non-Profit 32,142 6.2 29,108 6.1 General 2,248 0.4 3,338 0.8 Fee Revenue $ 515,325 100.0 % $ 474,504 100.0 % Nine Months Ended January 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 427,469 28.6 % $ 418,159 29.1 % Financial Services 260,250 17.4 260,975 18.2 Life Sciences/Healthcare 259,845 17.4 239,425 16.7 Consumer Goods 223,779 15.0 224,848 15.7 Technology 218,273 14.6 189,155 13.2 Education/Non-Profit 92,605 6.3 90,748 6.3 General 10,042 0.7 11,967 0.8 Fee Revenue $ 1,492,263 100.0 % $ 1,435,277 100.0 %

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	9 Months Ended
	Jan. 31, 2020
Restructuring And Related Activities [Abstract]
Changes In Restructuring Liability	Changes in the restructuring liability during the three months ended January 31, 2020 are as follows: Restructuring Liability (in thousands) As of October 31, 2019 $ 528 Restructuring charges, net 18,093 Reductions for cash payments (11,075 ) Non-cash payments (1,284 ) Exchange rate fluctuations 12 As of January 31, 2020 $ 6,274 Changes in the restructuring liability during the nine months ended January 31, 2020 are as follows: Restructuring Liability (in thousands) As of April 30, 2019 $ 531 Restructuring charges, net 18,093 Reductions for cash payments (11,075 ) Non-cash payments (1,284 ) Exchange rate fluctuations 9 As of January 31, 2020 $ 6,274

Segments (Tables)

Segments (Tables)	9 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Financial Highlights by Business Segment	Financial highlights by business segment are as follows: Three Months Ended January 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 140,525 $ 99,389 $ 106,888 $ 44,301 $ 25,089 $ 7,283 $ 183,561 $ 91,850 $ — $ 515,325 Total revenue $ 144,298 $ 100,663 $ 110,230 $ 45,077 $ 25,365 $ 7,351 $ 188,023 $ 94,995 $ — $ 527,979 Net income attributable to Korn Ferry $ 19,993 Net income attributable to noncontrolling interest 963 Other income, net (5,055 ) Interest expense, net 6,919 Income tax provision 8,775 Operating income (loss) $ 2,663 $ 8,463 $ 21,808 $ 4,644 $ 5,070 $ 1,198 $ 32,720 $ 14,144 $ (26,395 ) 31,595 Depreciation and amortization 4,417 5,832 847 422 329 295 1,893 979 1,742 14,863 Other income (loss), net 558 193 3,963 29 106 162 4,260 88 (44 ) 5,055 EBITDA 7,638 14,488 26,618 5,095 5,505 1,655 38,873 15,211 (24,697 ) 51,513 Integration/acquisition costs — 4,332 — — — — — — 2,372 6,704 Restructuring, charges, net 11,061 7,032 — — — — — — — 18,093 Separation costs — — — 1,783 — — 1,783 — — 1,783 Adjusted EBITDA $ 18,699 $ 25,852 $ 26,618 $ 6,878 $ 5,505 $ 1,655 $ 40,656 $ 15,211 $ (22,325 ) $ 78,093 Three Months Ended January 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 139,029 $ 62,473 $ 114,215 $ 45,940 $ 25,687 $ 7,554 $ 193,396 $ 79,606 $ — $ 474,504 Total revenue $ 143,204 $ 62,473 $ 117,725 $ 46,639 $ 26,046 $ 7,573 $ 197,983 $ 82,512 $ — $ 486,172 Net income attributable to Korn Ferry $ 44,964 Net income attributable to noncontrolling interest 480 Other income, net (2,463 ) Interest expense, net 4,282 Income tax provision 15,420 Operating income (loss) $ 11,782 $ 17,497 $ 30,596 $ 7,525 $ 5,929 $ 653 $ 44,703 $ 12,176 $ (23,475 ) 62,683 Depreciation and amortization 4,001 3,306 970 402 338 97 1,807 803 1,824 11,741 Other income (loss), net 582 204 1,626 26 (134 ) 133 1,651 77 (51 ) 2,463 EBITDA 16,365 21,007 33,192 7,953 6,133 883 48,161 13,056 (21,702 ) 76,887 Integration/acquisition costs 650 127 — — — — — — 27 804 Adjusted EBITDA $ 17,015 $ 21,134 $ 33,192 $ 7,953 $ 6,133 $ 883 $ 48,161 $ 13,056 $ (21,675 ) $ 77,691 Nine Months Ended January 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 422,103 $ 223,097 $ 332,428 $ 130,652 $ 78,395 $ 23,140 $ 564,615 $ 282,448 $ — $ 1,492,263 Total revenue $ 433,832 $ 224,371 $ 342,753 $ 132,830 $ 79,201 $ 23,211 $ 577,995 $ 292,156 $ — $ 1,528,354 Net income attributable to Korn Ferry $ 105,748 Net income attributable to noncontrolling interest 1,890 Other income, net (8,014 ) Interest expense, net 15,186 Income tax provision 38,988 Operating income (loss) $ 24,272 $ 41,036 $ 80,254 $ 18,466 $ 17,866 $ 2,999 $ 119,585 $ 44,279 $ (75,374 ) 153,798 Depreciation and amortization 13,188 13,156 2,617 1,328 1,004 938 5,887 2,961 5,163 40,355 Other income (loss), net 1,469 528 5,740 148 193 249 6,330 216 (529 ) 8,014 EBITDA 38,929 54,720 88,611 19,942 19,063 4,186 131,802 47,456 (70,740 ) 202,167 Integration/acquisition costs — 4,332 — — — — — — 4,987 9,319 Restructuring charges, net 11,061 7,032 — — — — — — — 18,093 Separation costs — — — 1,783 — — 1,783 — — 1,783 Adjusted EBITDA $ 49,990 $ 66,084 $ 88,611 $ 21,725 $ 19,063 $ 4,186 $ 133,585 $ 47,456 $ (65,753 ) $ 231,362 Nine Months Ended January 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 423,958 $ 190,008 $ 342,175 $ 137,522 $ 79,918 $ 24,339 $ 583,954 $ 237,357 $ — $ 1,435,277 Total revenue $ 437,235 $ 190,008 $ 352,804 $ 140,024 $ 80,817 $ 24,388 $ 598,033 $ 246,051 $ — $ 1,471,327 Net income attributable to Korn Ferry $ 52,387 Net income attributable to noncontrolling interest 1,782 Other income, net (2,483 ) Interest expense, net 12,722 Income tax provision 14,143 Operating income (loss) $ (47,431 ) $ 23,057 $ 92,438 $ 21,813 $ 19,337 $ 3,460 $ 137,048 $ 36,337 $ (70,460 ) 78,551 Depreciation and amortization 12,219 9,483 2,917 867 1,083 305 5,172 2,325 5,291 34,490 Other income (loss), net 1,107 514 1,146 388 118 263 1,915 103 (1,156 ) 2,483 EBITDA (34,105 ) 33,054 96,501 23,068 20,538 4,028 144,135 38,765 (66,325 ) 115,524 Integration/acquisition costs 5,304 1,255 — — — — — — 187 6,746 Tradename write-offs 76,967 29,588 — — — — — — — 106,555 Adjusted EBITDA $ 48,166 $ 63,897 $ 96,501 $ 23,068 $ 20,538 $ 4,028 $ 144,135 $ 38,765 $ (66,138 ) $ 228,825

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jan. 31, 2020
Debt Disclosure [Abstract]
Schedule of Redemption of Notes at Applicable Redemption Prices	At any time and from time to time on or after December 15, 2022, the Company may redeem the Notes at the applicable redemption prices set forth in the table below, plus accrued and unpaid interest, if redeemed during the twelve-month period beginning on December 15 of each of the years indicated: Year Percentage 2022 102.313% 2023 101.156% 2024 and thereafter 100.000%
Schedule of Long-term Debt, at Amortized Cost	Long-term debt, at amortized cost, consisted of the following: In thousands January 31, 2020 April 30, 2019 Senior Unsecured Notes $ 400,000 $ — Revolver — 226,875 Less: Unamortized discount and issuance costs (6,014 ) (3,997 ) Long-term borrowings, net of unamortized discount and debt issuance costs $ 393,986 $ 222,878

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended January 31, 2020 Nine Months Ended January 31, 2020 (in thousands) Finance lease cost Amortization of ROU assets $ 467 $ 1,410 Interest on lease liabilities 38 117 505 1,527 Operating lease cost 15,035 43,428 Short-term lease cost 335 891 Variable lease cost 3,988 10,064 Lease impairment cost 2,282 2,282 Sublease income (217 ) (324 ) Total lease cost $ 21,928 $ 57,868
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Nine Months Ended January 31, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 47,040 Financing cash flows from finance leases $ 1,426 ROU assets obtained in exchange for lease obligations: Operating leases $ 11,742 Finance leases $ 1,102
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: January 31, 2020 (in thousands) Finance Leases: Property and equipment, at cost $ 4,825 Accumulated depreciation (1,367 ) Property and equipment, net $ 3,458 Other accrued liabilities $ 1,511 Other liabilities 1,996 Total finance lease liabilities $ 3,507 Weighted average remaining lease terms: Operating leases 6.4 years Finance leases 2.8 years Weighted average discount rate: Operating leases 4.8 % Finance leases 4.1 %
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2020 (excluding the nine months ended January 31, 2020) $ 15,993 $ 456 2021 57,740 1,503 2022 50,324 1,052 2023 43,468 441 2024 40,464 206 Thereafter 77,370 48 Total lease payments 285,359 3,706 Less: imputed interest 37,558 199 Total $ 247,801 $ 3,507

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Jan. 31, 2020
Business Combinations [Abstract]
Summary of Net Assets Acquired	The following table provides a summary of the net assets acquired: (in thousands) Current assets (1) $ 44,475 Long-term assets 16,413 Intangibles assets (2) 45,400 Current liabilities 29,502 Long-term liabilities 5,720 Net assets acquired 71,066 Purchase price 108,602 Goodwill (3) $ 37,536 ( 1 ) Included in current assets is acquired receivables in the amount of $41.1 million. ( 2 ) Acquisition-related intangible assets (3) Tax deductible goodwill from the acquisition was $37.1 million as of January 31, 2020.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	Nov. 01, 2019USD ($)Facility	Jan. 31, 2020USD ($)Facility	Jan. 31, 2019USD ($)	Jan. 31, 2020USD ($)Segment	Jan. 31, 2019USD ($)	Apr. 30, 2019USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of business segments | Segment				4
Other-than-temporary impairment		$ 0	$ 0	$ 0	$ 0
ROU assets, impairment charge		2,282,000		2,282,000
Write-off of long-lived assets				2,654,000
Impairment of goodwill				0		$ 0
Impairment of intangible assets				0		$ 0
Purchase price allocated to indefinite lived trade name intangible assets			106,600,000		106,600,000
Performance-related bonus expenses		60,500,000	$ 59,500,000	177,900,000	202,400,000
Accounting Standards Update 2016-02
Organization And Summary Of Significant Accounting Policies [Line Items]
ROU assets		236,100,000		236,100,000
Lease liability		$ 272,300,000		272,300,000
ROU asset adjusted by reclassification of pre-existing prepaid expenses and other assets				5,100,000
ROU asset adjusted by reclassification of deferred rent				$ 41,300,000
General and Administrative Expenses
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of intangible assets					$ 106,600,000
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives				1 year
Amortization of long-term retention awards				4 years
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives				24 years
Amortization of long-term retention awards				5 years
Acquired Companies
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of office leases closed | Facility	16	16
ROU assets, impairment charge	$ 2,300,000	$ 2,300,000		$ 2,300,000
Leasehold Improvements and Furniture and Fixtures | Acquired Companies
Organization And Summary Of Significant Accounting Policies [Line Items]
Write-off of long-lived assets		$ 400,000		$ 400,000
Affiliated Entity
Organization And Summary Of Significant Accounting Policies [Line Items]
Investments in affiliated companies maximum		50.00%		50.00%
Mexican Subsidiary
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of Noncontrolling interest in subsidiary		51.00%		51.00%

Basic and Diluted Earnings Pe_3

Basic and Diluted Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted earnings per share, shares	0.7	0.7	0.7	0.6

Basic and Diluted Earnings Pe_4

Basic and Diluted Earnings Per Share - Basic and Diluted Earnings per Common Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share Disclosure [Line Items]
Net income attributable to Korn Ferry	$ 19,993	$ 44,964	$ 105,748	$ 52,387
Less: distributed and undistributed earnings to nonvested restricted stockholders	222	468	1,138	541
Basic net earnings attributable to common stockholders	19,771	44,496	104,610	51,846
Add: undistributed earnings to nonvested restricted stockholders	161	409	960	365
Less: reallocation of undistributed earnings to nonvested restricted stockholders	160	405	953	359
Diluted net earnings attributable to common stockholders	$ 19,772	$ 44,500	$ 104,617	$ 51,852
Basic weighted-average number of common shares outstanding	53,999	55,233	54,611	55,358
Diluted weighted-average number of common shares outstanding	54,264	55,753	55,006	56,181
Basic earnings per share	$ 0.37	$ 0.81	$ 1.92	$ 0.94
Diluted earnings per share	$ 0.36	$ 0.80	$ 1.90	$ 0.92
ESPP
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities	7	4	32	24
Restricted Stock
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities	258	516	363	799

Comprehensive Income (Loss) - C

Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Foreign currency translation adjustments	$ (63,900)	$ (60,270)
Deferred compensation and pension plan adjustments, net of tax	(14,905)	(16,838)
Marketable securities unrealized loss, net of tax	(5)
Interest rate swap unrealized gain, net of tax		456
Accumulated other comprehensive loss, net	$ (78,810)	$ (76,652)

Comprehensive Income (Loss) -_2

Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Jan. 31, 2020		Jan. 31, 2019		Jan. 31, 2020		Jan. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance						$ 1,240,656
Ending balance		$ 1,275,100				1,275,100
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(64,303)		$ (59,472)		(60,270)		$ (32,399)
Unrealized gains (losses) arising during the period		403		6,017		(3,630)		(21,056)
Ending balance		(63,900)		(53,455)		(63,900)		(53,455)
Deferred Compensation and Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(15,848)	[1]	(10,923)	[2]	(16,838)	[1]	(9,073)	[2]
Unrealized gains (losses) arising during the period	[1]	450				450
Reclassification of realized net losses (gains) to net income		493	[1]	273	[2]	1,483	[1]	819	[2]
Effect of adoption of accounting standard	[2]							(2,396)
Ending balance		(14,905)	[1]	(10,650)	[2]	(14,905)	[1]	(10,650)	[2]
Unrealized Gains (Losses) on Marketable Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized gains (losses) arising during the period		(5)				(5)
Ending balance		(5)				(5)
Unrealized (Losses) Gains on Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(495)	[3]	1,814	[4]	456	[3]	1,337	[4]
Unrealized gains (losses) arising during the period		128	[3]	(880)	[4]	(678)	[3]	(538)	[4]
Reclassification of realized net losses (gains) to net income		367	[3]	(100)	[4]	222	[3]	(164)	[4]
Effect of adoption of accounting standard	[4]							199
Ending balance	[4]			834				834
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(80,646)		(68,581)		(76,652)		(40,135)
Unrealized gains (losses) arising during the period		976		5,137		(3,863)		(21,594)
Reclassification of realized net losses (gains) to net income		860		173		1,705		655
Effect of adoption of accounting standard								(2,197)
Ending balance		$ (78,810)		$ (63,271)		$ (78,810)		$ (63,271)
[1]	The tax effect on unrealized gains was $0.2 million for both the three and nine months ended January 31, 2020, respectively. The tax effect on the reclassifications of realized net losses was $0.2 million and $0.5 million for the three and nine months ended January 31, 2020, respectively.
[2]	The tax effect on the reclassifications of realized net losses was $0.1 million and $0.3 million for the three and nine months ended January 31, 2019, respectively.
[3]	The tax effect on unrealized gains (losses) was $0.1 million and ($0.2) million for the three and nine months ended January 31, 2020, respectively. The tax effect on the reclassification of realized net losses to net income was $0.1 million for both the three and nine months ended January 31, 2020, respectively.
[4]	The tax effect on unrealized losses was $0.3 million and $0.2 million for the three and nine months ended January 31, 2019, respectively. The tax effect on the reclassification of realized net gains to net income was $0.1 million for the nine months ended January 31, 2019.

Comprehensive Income (Loss) -_3

Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Deferred Compensation and Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effect on unrealized gains	$ (0.2)		$ (0.2)
Tax effect on reclassifications of realized net losses	0.2	$ 0.1	0.5	$ 0.3
Unrealized (Losses) Gains on Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effect on unrealized gains (losses)	0.1	$ (0.3)	(0.2)	(0.2)
Tax effect on reclassifications of realized net gain (losses)	$ (0.1)		$ (0.1)	$ 0.1

Employee Stock Plans - Componen

Employee Stock Plans - Components of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 5,468	$ 5,659	$ 16,988	$ 18,028
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	5,219	5,413	16,022	17,083
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 249	$ 246	$ 966	$ 945

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($)	Oct. 03, 2019	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of tax withholdings on restricted stock								$ 8,862,000	$ 20,497,000
Shares repurchased during the period, value		$ 6,263,000	$ 49,325,000	$ 21,329,000	$ 21,940,000	$ 22,875,000	$ 13,054,000
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period		154,100			352,800			1,787,292	809,074
Shares repurchased during the period, value		$ 6,200,000			$ 14,700,000			$ 68,100,000	$ 37,400,000
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future issuance		700,000						700,000
Authorized payroll deductions		15.00%						15.00%
Fair market price of common stock								85.00%
Authorized payroll deductions, value								$ 25,000
Maximum number of shares reserved for issuance		3,000,000						3,000,000
Employees stock purchased		93,557			94,193			220,161	169,299
Employees stock purchased, price per share		$ 36.04			$ 33.61			$ 34.90	$ 42.05
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		500,000						500,000
Total unrecognized compensation cost related to non-vested awards		$ 12,700,000						$ 12,700,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding		1,394,000						1,394,000		1,460,000
Total unrecognized compensation cost related to non-vested awards		$ 40,700,000						$ 40,700,000
Expected cost recognized over weighted-average period								2 years 4 months 24 days
Shares repurchased during the period to pay for taxes		3,343			150,227			228,579	352,730
Payments of tax withholdings on restricted stock		$ 100,000			$ 7,300,000			$ 8,800,000	$ 20,500,000
Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for stock-based awards	2,141,807
Shares available for future issuance	3,600,000
Vesting period	1 year

Employee Stock Plans - Restrict

Employee Stock Plans - Restricted Stock Activity (Detail) - Restricted Stock shares in Thousands	9 Months Ended
	Jan. 31, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Non-vested, beginning of year | shares	1,460
Shares, Granted | shares	605
Shares, Vested | shares	(622)
Shares, Forfeited/expired | shares	(49)
Shares, Non-vested, end of year | shares	1,394
Weighted-Average Grant Date Fair Value, Non-vested, beginning of year | $ / shares	$ 38.42
Weighted-Average Grant Date Fair Value, Granted | $ / shares	38.44
Weighted-Average Grant Date Fair Value, Vested | $ / shares	25.16
Weighted-Average Grant Date Fair Value, Forfeited/expired | $ / shares	34.92
Weighted-Average Grant Date Fair Value, Non-vested, end of year | $ / shares	$ 44.48

Financial Instruments - Financi

Financial Instruments - Financial Instruments and Balance Sheet Classification (Detail) - USD ($) $ in Thousands		Jan. 31, 2020	Apr. 30, 2019
Investment Holdings [Line Items]
Cash and cash equivalents		$ 563,708	$ 626,360
Marketable Securities, Current		41,022	8,288
Marketable securities, non-current		143,789	132,463
Income Taxes & Other Receivables		38,656	26,767
Fair Value, Inputs, Level 1
Investment Holdings [Line Items]
Cost		701,103	761,799
Unrealized Gains		8,366	6,301
Unrealized Losses		(662)	(989)
Fair Value		708,807	767,111
Cash and cash equivalents		557,218	626,360
Marketable Securities, Current		7,800	8,288
Marketable securities, non-current		143,789	132,463
Fair Value, Inputs, Level 1 | Cash
Investment Holdings [Line Items]
Cost		506,816	579,998
Fair Value		506,816	579,998
Cash and cash equivalents		506,816	579,998
Fair Value, Inputs, Level 1 | Money Market Funds
Investment Holdings [Line Items]
Cost		50,402	46,362
Fair Value		50,402	46,362
Cash and cash equivalents		50,402	46,362
Fair Value, Inputs, Level 1 | Mutual Funds
Investment Holdings [Line Items]
Cost	[1]	143,885	135,439
Unrealized Gains	[1]	8,366	6,301
Unrealized Losses	[1]	(662)	(989)
Fair Value	[1]	151,589	140,751
Marketable Securities, Current	[1]	7,800	8,288
Marketable securities, non-current	[1]	143,789	132,463
Fair Value, Inputs, Level 2
Investment Holdings [Line Items]
Cost		39,719
Unrealized Gains		1
Unrealized Losses		(8)
Fair Value		39,712
Cash and cash equivalents		6,490
Marketable Securities, Current		33,222
Fair Value, Inputs, Level 2 | Commercial Paper
Investment Holdings [Line Items]
Cost		19,281
Unrealized Losses		(2)
Fair Value		19,279
Cash and cash equivalents		2,793
Marketable Securities, Current		16,486
Fair Value, Inputs, Level 2 | Corporate Notes/Bonds
Investment Holdings [Line Items]
Cost		20,438
Unrealized Gains		1
Unrealized Losses		(6)
Fair Value		20,433
Cash and cash equivalents		3,697
Marketable Securities, Current		16,736
Fair Value, Inputs, Level 2 | Foreign Exchange Forward Contracts
Investment Holdings [Line Items]
Unrealized Gains		751	821
Unrealized Losses		(629)	(722)
Fair Value		122	99
Income Taxes & Other Receivables		$ 122	99
Fair Value, Inputs, Level 2 | Interest Rate Swap
Investment Holdings [Line Items]
Fair Value			619
Income Taxes & Other Receivables			619
Unrealized Gains			$ 619
[1]	These investments are held in trust for settlement of the Company’s vested obligations of $135.7 million and $122.3 million as of January 31, 2020 and April 30, 2019, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans During the three and nine months ended January 31, 2019, the fair value of the investments increased; therefore, the Company recognized a gain of $2.2 million and $1.3 million, respectively, which was recorded in other income, net

Financial Instruments - Finan_2

Financial Instruments - Financial Instruments and Balance Sheet Classification (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Investments Debt And Equity Securities [Abstract]
Obligations for which assets are held in trust	$ 135,700		$ 135,700		$ 122,300
Gain on marketable securities	5,200	$ 2,200	8,341	$ 1,330
Unvested obligations under deferred compensation plans	$ 23,200		$ 23,200		$ 24,600

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 16, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019	Mar. 31, 2017
Designated as Hedge Instrument | Interest Rate Swap | Cash Flow Hedge
Financial Instrument [Line Items]
Derivative notional amount							$ 129,800
Interest rate		1.919%		1.919%
Interest expense recognized on termination of interest rate swap	$ 500
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts
Financial Instrument [Line Items]
Foreign currency gains		$ 500	$ 700	$ 1,000	$ 600
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Income Taxes And Other Receivables | Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount		78,400		78,400		$ 51,400
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Income Taxes And Other Receivables | Derivatives Sold
Financial Instrument [Line Items]
Derivative notional amount		58,500		58,500		$ 40,000
ECAP
Financial Instrument [Line Items]
Sale/maturities of available-for-sale marketable securities		$ 0		$ 0
Available-for-sale Marketable Securities | Minimum
Financial Instrument [Line Items]
Marketable securities remaining maturity				3 months
Available-for-sale Marketable Securities | Maximum
Financial Instrument [Line Items]
Marketable securities remaining maturity				11 months

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Derivative Designated as Cash Flow Hedge Instrument (Detail) $ in Thousands	Apr. 30, 2019USD ($)
Designated as Hedge Instrument | Interest Rate Swap
Derivative asset:
Interest rate swap contract	$ 619

Financial Instruments - Summary

Financial Instruments - Summary of Gains and Losses on Interest Rate Swap (Detail) - Interest Rate Swap - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (net of tax effects of $45, $(309), $(238) and $(189), respectively)	$ 128	$ (880)	$ (678)	$ (538)
(Losses) gains reclassified from accumulated other comprehensive loss into interest expense, net	$ (493)	$ 135	$ (297)	$ 221

Financial Instruments - Summa_2

Financial Instruments - Summary of Gains and Losses on Interest Rate Swap (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Interest Rate Swap
Derivative [Line Items]
Gains (Losses) recognized in OCI, tax effects	$ 45	$ (309)	$ (238)	$ (189)

Financial Instruments - Fair _2

Financial Instruments - Fair Value of Derivatives Not Designated as Hedge Instruments (Detail) - Not Designated as Hedge Instrument - Foreign Exchange Forward Contracts - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Derivative assets:
Fair Value of Derivative Assets	$ 751	$ 821
Derivative liabilities:
Fair Value of Derivative Liabilities	$ 629	$ 722

Deferred Compensation and Ret_3

Deferred Compensation and Retirement Plans - Components of Net Periodic Benefits Costs (Detail) - Deferred Compensation Plan - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 6,502	$ 4,538	$ 18,432	$ 12,716
Interest cost		1,423	1,330	4,238	3,956
Amortization of actuarial loss		746	446	2,236	1,338
Expected return on plan assets	[1]	(363)	(392)	(1,089)	(1,176)
Net periodic service credit amortization		(77)	(77)	(231)	(231)
Net periodic benefit costs	[2]	$ 8,231	$ 5,845	$ 23,586	$ 16,603
[1]	The expected long-term rate of return on plan assets was 6.00% and 6.25% for January 31, 2020 and 2019, respectively.
[2]	The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the consolidated statements of income.

Deferred Compensation and Ret_4

Deferred Compensation and Retirement Plans - Components of Net Periodic Benefits Costs (Parenthetical) (Detail)	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Expected long-term rate of return on plan assets	6.00%	6.25%

Deferred Compensation and Ret_5

Deferred Compensation and Retirement Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments			$ 5,794	$ 4,547
Recognized investment income (expense)	$ 5,200	$ 2,200	8,341	1,330
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Gain (loss) on deferred compensation plan	5,000	2,200	$ 8,600	2,000
Minimum
Defined Benefit Plan Disclosure [Line Items]
Option to receive employee benefits by quarterly installments periods			1 year
Minimum | Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period			4 years
Maximum
Defined Benefit Plan Disclosure [Line Items]
Option to receive employee benefits by quarterly installments periods			15 years
Maximum | Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period			5 years
CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	237,600		$ 237,600		$ 219,200
Outstanding policy loans	92,300		92,300		$ 93,200
Increase in market value of the underlying COLI investments	$ 1,600	$ 1,500	$ 5,800	$ 4,500

Fee Revenue - Schedule of Contr

Fee Revenue - Schedule of Contract Asset and Liability (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Revenue From Contract With Customer [Abstract]
Contract assets (unbilled receivables)	$ 91,462	$ 60,595
Contract liabilities (deferred revenue)	$ 142,014	$ 112,999

Fee Revenue - Additional Inform

Fee Revenue - Additional Information (Detail) $ in Millions	9 Months Ended
	Jan. 31, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Contract liabilities, revenue recognized	$ 84.1
Revenue recognized, remaining performance obligation	$ 596.1
Revenue, practical expedient, initial application and transition, completed contract, same reporting period	true
Revenue, remaining performance obligation, optional exemption, performance obligation	true

Fee Revenue - Additional Info_2

Fee Revenue - Additional Information (Details 1) - USD ($) $ in Millions	6 Months Ended
	Oct. 31, 2019	Jan. 31, 2020
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation		$ 596.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-02-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation		$ 122
Revenue, remaining performance obligation, expected timing of satisfaction, period		3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation		$ 263.6
Revenue, remaining performance obligation, expected timing of satisfaction, period		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation		$ 117.2
Revenue, remaining performance obligation, expected timing of satisfaction, period		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation		$ 93.3
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, remaining performance obligation, expected timing of satisfaction, explanation	2023 and thereafter

Fee Revenue - Schedule of Disag

Fee Revenue - Schedule of Disaggregation of Fee Revenue by Industry (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 527,979	$ 486,172	$ 1,528,354	$ 1,471,327
Industrial
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 148,552	$ 138,460	$ 427,469	$ 418,159
Fee Revenue, Percentage	28.80%	29.20%	28.60%	29.10%
Financial Services
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 87,917	$ 86,570	$ 260,250	$ 260,975
Fee Revenue, Percentage	17.10%	18.20%	17.40%	18.20%
Life Sciences/ Healthcare
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 88,924	$ 76,654	$ 259,845	$ 239,425
Fee Revenue, Percentage	17.30%	16.20%	17.40%	16.70%
Consumer Goods
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 76,719	$ 74,186	$ 223,779	$ 224,848
Fee Revenue, Percentage	14.90%	15.60%	15.00%	15.70%
Technology
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 78,823	$ 66,188	$ 218,273	$ 189,155
Fee Revenue, Percentage	15.30%	13.90%	14.60%	13.20%
Education/Non-Profit
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 32,142	$ 29,108	$ 92,605	$ 90,748
Fee Revenue, Percentage	6.20%	6.10%	6.30%	6.30%
General
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 2,248	$ 3,338	$ 10,042	$ 11,967
Fee Revenue, Percentage	0.40%	0.80%	0.70%	0.80%
Fee Revenue
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 515,325	$ 474,504	$ 1,492,263	$ 1,435,277
Fee Revenue, Percentage	100.00%	100.00%	100.00%	100.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ 8,775	$ 15,420	$ 38,988	$ 14,143
Income tax (benefit) provision tax rate	29.50%		26.60%
U.S. corporate federal statutory income tax rate			21.00%

Restructuring Charges, Net - Ad

Restructuring Charges, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2020	Apr. 30, 2019
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net	$ 18,093	$ 18,093
Restructuring liability included in other long-term liabilities	700	700	$ 500
Severance
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net	$ 18,100	$ 18,100

Restructuring Charges, Net - Ch

Restructuring Charges, Net - Changes In Restructuring Liability (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2020
Restructuring And Related Activities [Abstract]
Restructuring Liability, Beginning balance	$ 528	$ 531
Restructuring charges, net	18,093	18,093
Reductions for cash payments	(11,075)	(11,075)
Non-cash payments	(1,284)	(1,284)
Exchange rate fluctuations	12	9
Restructuring Liability, Ending balance	$ 6,274	$ 6,274

Segments - Additional Informati

Segments - Additional Information (Detail)	9 Months Ended
	Jan. 31, 2020Segment
Segment Reporting [Abstract]
Number of global business segments	4

Segments - Financial Highlights

Segments - Financial Highlights by Business Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 527,979	$ 486,172	$ 1,528,354	$ 1,471,327
Net income attributable to Korn Ferry	19,993	44,964	105,748	52,387
Net income attributable to noncontrolling interest	963	480	1,890	1,782
Other income, net	(5,055)	(2,463)	(8,014)	(2,483)
Interest expense, net	6,919	4,282	15,186	12,722
Income tax provision	8,775	15,420	38,988	14,143
Operating income (loss)	31,595	62,683	153,798	78,551
Depreciation and amortization	14,863	11,741	40,355	34,490
Other income (loss), net	5,055	2,463	8,014	2,483
EBITDA	51,513	76,887	202,167	115,524
Integration/acquisition costs	6,704	804	9,319	6,746
Tradename write-offs				106,555
Restructuring charges, net	18,093		18,093
Separation costs	1,783		1,783
Adjusted EBITDA	78,093	77,691	231,362	228,825
Fee Revenue
Segment Reporting Information [Line Items]
Total revenue	515,325	474,504	1,492,263	1,435,277
Operating Segments | Consulting
Segment Reporting Information [Line Items]
Total revenue	144,298	143,204	433,832	437,235
Operating income (loss)	2,663	11,782	24,272	(47,431)
Depreciation and amortization	4,417	4,001	13,188	12,219
Other income (loss), net	558	582	1,469	1,107
EBITDA	7,638	16,365	38,929	(34,105)
Integration/acquisition costs		650		5,304
Tradename write-offs				76,967
Restructuring charges, net	11,061		11,061
Adjusted EBITDA	18,699	17,015	49,990	48,166
Operating Segments | Digital
Segment Reporting Information [Line Items]
Total revenue	100,663	62,473	224,371	190,008
Operating income (loss)	8,463	17,497	41,036	23,057
Depreciation and amortization	5,832	3,306	13,156	9,483
Other income (loss), net	193	204	528	514
EBITDA	14,488	21,007	54,720	33,054
Integration/acquisition costs	4,332	127	4,332	1,255
Tradename write-offs				29,588
Restructuring charges, net	7,032		7,032
Adjusted EBITDA	25,852	21,134	66,084	63,897
Operating Segments | Executive Search
Segment Reporting Information [Line Items]
Total revenue	188,023	197,983	577,995	598,033
Operating income (loss)	32,720	44,703	119,585	137,048
Depreciation and amortization	1,893	1,807	5,887	5,172
Other income (loss), net	4,260	1,651	6,330	1,915
EBITDA	38,873	48,161	131,802	144,135
Separation costs	1,783		1,783
Adjusted EBITDA	40,656	48,161	133,585	144,135
Operating Segments | Executive Search | North America
Segment Reporting Information [Line Items]
Total revenue	110,230	117,725	342,753	352,804
Operating income (loss)	21,808	30,596	80,254	92,438
Depreciation and amortization	847	970	2,617	2,917
Other income (loss), net	3,963	1,626	5,740	1,146
EBITDA	26,618	33,192	88,611	96,501
Adjusted EBITDA	26,618	33,192	88,611	96,501
Operating Segments | Executive Search | EMEA
Segment Reporting Information [Line Items]
Total revenue	45,077	46,639	132,830	140,024
Operating income (loss)	4,644	7,525	18,466	21,813
Depreciation and amortization	422	402	1,328	867
Other income (loss), net	29	26	148	388
EBITDA	5,095	7,953	19,942	23,068
Separation costs	1,783		1,783
Adjusted EBITDA	6,878	7,953	21,725	23,068
Operating Segments | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	25,365	26,046	79,201	80,817
Operating income (loss)	5,070	5,929	17,866	19,337
Depreciation and amortization	329	338	1,004	1,083
Other income (loss), net	106	(134)	193	118
EBITDA	5,505	6,133	19,063	20,538
Adjusted EBITDA	5,505	6,133	19,063	20,538
Operating Segments | Executive Search | Latin America
Segment Reporting Information [Line Items]
Total revenue	7,351	7,573	23,211	24,388
Operating income (loss)	1,198	653	2,999	3,460
Depreciation and amortization	295	97	938	305
Other income (loss), net	162	133	249	263
EBITDA	1,655	883	4,186	4,028
Adjusted EBITDA	1,655	883	4,186	4,028
Operating Segments | RPO & Professional Search
Segment Reporting Information [Line Items]
Total revenue	94,995	82,512	292,156	246,051
Operating income (loss)	14,144	12,176	44,279	36,337
Depreciation and amortization	979	803	2,961	2,325
Other income (loss), net	88	77	216	103
EBITDA	15,211	13,056	47,456	38,765
Adjusted EBITDA	15,211	13,056	47,456	38,765
Operating Segments | Fee Revenue | Consulting
Segment Reporting Information [Line Items]
Total revenue	140,525	139,029	422,103	423,958
Operating Segments | Fee Revenue | Digital
Segment Reporting Information [Line Items]
Total revenue	99,389	62,473	223,097	190,008
Operating Segments | Fee Revenue | Executive Search
Segment Reporting Information [Line Items]
Total revenue	183,561	193,396	564,615	583,954
Operating Segments | Fee Revenue | Executive Search | North America
Segment Reporting Information [Line Items]
Total revenue	106,888	114,215	332,428	342,175
Operating Segments | Fee Revenue | Executive Search | EMEA
Segment Reporting Information [Line Items]
Total revenue	44,301	45,940	130,652	137,522
Operating Segments | Fee Revenue | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	25,089	25,687	78,395	79,918
Operating Segments | Fee Revenue | Executive Search | Latin America
Segment Reporting Information [Line Items]
Total revenue	7,283	7,554	23,140	24,339
Operating Segments | Fee Revenue | RPO & Professional Search
Segment Reporting Information [Line Items]
Total revenue	91,850	79,606	282,448	237,357
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(26,395)	(23,475)	(75,374)	(70,460)
Depreciation and amortization	1,742	1,824	5,163	5,291
Other income (loss), net	(44)	(51)	(529)	(1,156)
EBITDA	(24,697)	(21,702)	(70,740)	(66,325)
Integration/acquisition costs	2,372	27	4,987	187
Adjusted EBITDA	$ (22,325)	$ (21,675)	$ (65,753)	$ (66,138)

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Dec. 16, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity		$ 646,000,000		$ 646,000,000		$ 420,200,000
Line of credit facility borrowings						226,900,000
Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		4,000,000		4,000,000		2,900,000
Standby Letters of Credit | Other Financial Institutions
Debt Instrument [Line Items]
Long-term debt arrangement		11,100,000		$ 11,100,000		8,500,000
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Debt instrument, interest rate	4.625%
Principal amount	$ 400,000,000
Debt instrument, unamortized discount	$ 4,500,000
Debt instrument, maturity date				Dec. 15, 2027
Debt instrument, interest rate terms				interest payable semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2020
Interest payment commencing date				Jun. 15, 2020
Redemption price, percentage	100.00%
Percentage of principal amount redeemable with equity offering proceeds	35.00%
Redemption price, percentage of principal amount redeemed	104.625%
Dividends payable per fiscal year	$ 25,000,000
Debt Instrument, change in control and rating decline, percentage of principal amount	101.00%
Debt instrument, proceeds from offering used to repay outstanding debt	$ 276,900,000
Interest rate, effective percentage	4.86%
Debt instrument, fair value		$ 402,000,000		$ 402,000,000
4.625% Senior Unsecured Notes due 2027 | Maximum
Debt Instrument [Line Items]
Leverage ratio to be attained for payment of dividends	3.50
Credit Agreement
Debt Instrument [Line Items]
Credit agreement initiation date	Dec. 16, 2019
Average interest rate		2.94%	3.64%	3.44%	3.42%
Unamortized debt issuance costs		$ 4,500,000		$ 4,500,000		4,000,000
Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument term	5 years
Line of credit facility, maximum borrowing capacity	$ 650,000,000
Line of credit facility, maturity date				Dec. 16, 2024
Long-term debt		$ 0		$ 0		$ 226,900,000
Credit Agreement | Maximum
Debt Instrument [Line Items]
Leverage ratio to be attained for payment of dividends	4
Credit Agreement | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Applicable margin on variable interest rate				2.00%
Credit Agreement | Maximum | Base Rate Loans
Debt Instrument [Line Items]
Applicable margin on variable interest rate				1.00%
Credit Agreement | Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Quarterly commitment fee on average daily unused amount of Credit Facilities				0.35%
Credit Agreement | Minimum
Debt Instrument [Line Items]
Pro-forma liquidity	$ 50,000,000
Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Applicable margin on variable interest rate				1.125%
Credit Agreement | Minimum | Base Rate Loans
Debt Instrument [Line Items]
Applicable margin on variable interest rate				0.125%
Credit Agreement | Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Quarterly commitment fee on average daily unused amount of Credit Facilities				0.175%

Long-Term Debt - Schedule of Re

Long-Term Debt - Schedule of Redemption of Notes at Applicable Redemption Prices (Detail) - 4.625% Senior Unsecured Notes due 2027	Dec. 16, 2019	Jan. 31, 2020
Debt Instrument [Line Items]
Redemption price, percentage	104.625%
2022
Debt Instrument [Line Items]
Redemption price, percentage		102.313%
2023
Debt Instrument [Line Items]
Redemption price, percentage		101.156%
2024 and thereafter
Debt Instrument [Line Items]
Redemption price, percentage		100.00%

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt, at Amortized Cost (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Debt Instrument [Line Items]
Long-term borrowings, net of unamortized discount and debt issuance costs	$ 393,986	$ 222,878
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Less: Unamortized discount and issuance costs	(6,014)	(3,997)
Long-term borrowings, net of unamortized discount and debt issuance costs	393,986	222,878
4.625% Senior Unsecured Notes due 2027 | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt		$ 226,875
4.625% Senior Unsecured Notes due 2027 | Senior Unsecured Notes
Debt Instrument [Line Items]
Long-term debt	$ 400,000

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	Nov. 01, 2019USD ($)Facility	Jan. 31, 2020USD ($)Facility	Jan. 31, 2020USD ($)
Lessee Lease Description [Line Items]
Lessee operating lease, existence of option to extend [true/false]			true
Lessee operating lease, existence of option to terminate [true/false]			true
Operating lease right-of-use assets, net		$ 209,236	$ 209,236
Lease liability		247,801	247,801
ROU assets, impairment charge		$ 2,282	2,282
Acquired Companies
Lessee Lease Description [Line Items]
Operating lease right-of-use assets, net	$ 3,200
Lease liability	6,700
ROU asset adjusted by reclassification of pre-existing prepaid expenses, restructuring liabilities and deferred rent	$ 3,500
Number of office leases closed | Facility	16	16
ROU assets, impairment charge	$ 2,300	$ 2,300	$ 2,300
Minimum
Lessee Lease Description [Line Items]
Lessee operating lease, term of contract		1 year	1 year
Lessee finance lease, term of contract		1 year	1 year
Maximum
Lessee Lease Description [Line Items]
Lessee operating lease, term of contract		11 years	11 years
Lessee finance lease, term of contract		5 years	5 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2020
Finance lease cost
Amortization of ROU assets	$ 467	$ 1,410
Interest on lease liabilities	38	117
Finance lease cost	505	1,527
Operating lease cost	15,035	43,428
Short-term lease cost	335	891
Variable lease cost	3,988	10,064
Lease impairment cost	2,282	2,282
Sublease income	(217)	(324)
Total lease cost	$ 21,928	$ 57,868

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Detail) $ in Thousands	9 Months Ended
	Jan. 31, 2020USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 47,040
Financing cash flows from finance leases	1,426
ROU assets obtained in exchange for lease obligations:
Operating leases	11,742
Finance leases	$ 1,102

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Detail) $ in Thousands	Jan. 31, 2020USD ($)
Finance Leases:
Property and equipment, at cost	$ 4,825
Accumulated depreciation	(1,367)
Property and equipment, net	$ 3,458
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentNet
Other accrued liabilities	$ 1,511
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherAccruedLiabilitiesCurrent
Other liabilities	$ 1,996
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent
Total finance lease liabilities	$ 3,507
Weighted average remaining lease terms:
Operating leases	6 years 4 months 24 days
Finance leases	2 years 9 months 18 days
Weighted average discount rate:
Operating leases	4.80%
Finance leases	4.10%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Detail) $ in Thousands	Jan. 31, 2020USD ($)
Operating
2020 (excluding the nine months ended January 31, 2020)	$ 15,993
2021	57,740
2022	50,324
2023	43,468
2024	40,464
Thereafter	77,370
Total lease payments	285,359
Less: imputed interest	37,558
Total	247,801
Financing
2020 (excluding the nine months ended January 31, 2020)	456
2021	1,503
2022	1,052
2023	441
2024	206
Thereafter	48
Total lease payments	3,706
Less: imputed interest	199
Total	$ 3,507

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 01, 2019	Jan. 31, 2020
Business Acquisition [Line Items]
Cash paid for acquisitions, net of cash acquired		$ 108,602
Acquired Companies
Business Acquisition [Line Items]
Cash paid for acquisitions, net of cash acquired	$ 108,600

Acquisition - Summary of Net As

Acquisition - Summary of Net Assets Acquired (Detail) - USD ($) $ in Thousands		Jan. 31, 2020	Nov. 01, 2019	Apr. 30, 2019
Business Acquisition [Line Items]
Goodwill		$ 615,513		$ 578,298
Acquired Companies
Business Acquisition [Line Items]
Current assets	[1]		$ 44,475
Long-term assets			16,413
Intangibles assets	[2]		45,400
Current liabilities			29,502
Long-term liabilities			5,720
Net assets acquired			71,066
Purchase price			108,602
Goodwill	[3]		$ 37,536
[1]	Included in current assets is acquired receivables in the amount of $41.1 million.
[2]	Acquisition-related intangible assets
[3]	Tax deductible goodwill from the acquisition was $37.1 million as of January 31, 2020.

Acquisition -Summary of Net Ass

Acquisition -Summary of Net Assets Acquired (Parenthetical) (Detail) - Acquired Companies - USD ($) $ in Millions	Nov. 01, 2019	Jan. 31, 2020
Business Acquisition [Line Items]
Acquired receivables	$ 41.1
Tax deductible goodwill from acquisition		$ 37.1
Intellectual Property
Business Acquisition [Line Items]
Intangibles assets	$ 36
Weighted average useful life	7 years
Customer Relationships
Business Acquisition [Line Items]
Intangibles assets	$ 6.2
Weighted average useful life	10 years
Trade Names
Business Acquisition [Line Items]
Intangibles assets	$ 3.2
Weighted average useful life	9 years

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event - Dividend Declared	Mar. 10, 2020$ / shares
Subsequent Event [Line Items]
Dividends payable, declared date	Mar. 10, 2020
Dividends payable, per share amount	$ 0.10
Dividends payable, payable date	Apr. 15, 2020
Dividends declared, record date	Mar. 26, 2020