Korn Ferry (KFY) 10-Q 8 Sep 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2020	Sep. 02, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
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		54,781,137
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	Jul. 31, 2020	Apr. 30, 2020
ASSETS
Cash and cash equivalents	$ 542,786	$ 689,244
Marketable securities	49,870	41,951
Receivables due from clients, net of allowance for doubtful accounts of $26,569 and $23,795 at July 31, 2020 and April 30, 2020, respectively	375,157	397,165
Income taxes and other receivables	42,243	38,755
Unearned compensation	48,243	43,117
Prepaid expenses and other assets	34,983	26,851
Total current assets	1,093,282	1,237,083
Marketable securities, non-current	140,330	132,134
Property and equipment, net	139,930	142,728
Operating lease right-of-use assets, net	191,608	195,077
Cash surrender value of company-owned life insurance policies, net of loans	148,382	146,408
Deferred income taxes	51,686	55,479
Goodwill	619,239	613,943
Intangible assets, net	107,202	111,926
Unearned compensation, non-current	98,701	79,510
Investments and other assets	27,743	29,540
Total assets	2,618,103	2,743,828
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	36,975	45,684
Income taxes payable	10,312	21,158
Compensation and benefits payable	184,087	280,911
Operating lease liability, current	55,119	54,851
Other accrued liabilities	204,838	221,603
Total current liabilities	491,331	624,207
Deferred compensation and other retirement plans	304,593	289,136
Operating lease liability, non-current	175,685	180,766
Long-term debt	394,303	394,144
Deferred tax liabilities	637	1,056
Other liabilities	33,533	30,828
Total liabilities	1,400,082	1,520,137
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 74,783 and 73,205 shares issued and 54,869 and 54,450 shares outstanding at July 31, 2020 and April 30, 2020, respectively	590,897	585,560
Retained earnings	706,353	742,993
Accumulated other comprehensive loss, net	(81,592)	(107,172)
Total Korn Ferry stockholders' equity	1,215,658	1,221,381
Noncontrolling interest	2,363	2,310
Total stockholders' equity	1,218,021	1,223,691
Total liabilities and stockholders' equity	$ 2,618,103	$ 2,743,828

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 26,569	$ 23,795
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	74,783,000	73,205,000
Common stock, shares outstanding	54,869,000	54,450,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Total revenue	$ 346,883	$ 496,198
Compensation and benefits	284,012	328,496
General and administrative expenses	47,089	65,807
Depreciation and amortization	15,035	12,777
Restructuring charges, net	27,487
Total operating expenses	390,678	435,864
Operating (loss) income	(43,795)	60,334
Other income, net	11,162	1,826
Interest expense, net	(6,894)	(4,057)
(Loss) income before (benefit) provision for income taxes	(39,527)	58,103
Income tax (benefit) provision	(8,672)	14,453
Net (loss) income	(30,855)	43,650
Net loss (income) attributable to noncontrolling interest	22	(699)
Net (loss) income attributable to Korn Ferry	$ (30,833)	$ 42,951
(Loss) earnings per common share attributable to Korn Ferry:
Basic	$ (0.58)	$ 0.77
Diluted	$ (0.58)	$ 0.76
Weighted-average common shares outstanding:
Basic	53,264	55,266
Diluted	53,264	55,635
Cash dividends declared per share:	$ 0.10	$ 0.10
Fee Revenue
Total revenue	$ 344,097	$ 484,549
Cost of services	14,269	17,135
Reimbursed Out Of Pocket Engagement Expenses
Total revenue	2,786	11,649
Reimbursed Expenses
Cost of services	$ 2,786	$ 11,649

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (30,855)	$ 43,650
Other comprehensive income (loss):
Foreign currency translation adjustments	25,022	(5,298)
Deferred compensation and pension plan adjustments, net of tax	642	495
Net unrealized loss on marketable securities, net of tax	(9)
Net unrealized loss on interest rate swap, net of tax		(595)
Comprehensive (loss) income	(5,200)	38,252
Less: comprehensive income attributable to noncontrolling interest	(53)	(763)
Comprehensive (loss) income attributable to Korn Ferry	$ (5,253)	$ 37,489

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss, Net	Total Korn Ferry Stockholders' Equity	Noncontrolling Interest
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
Net (loss) income	43,650		42,951		42,951	699
Other comprehensive income (loss)	(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, 2020	$ 1,223,691	$ 585,560	742,993	(107,172)	1,221,381	2,310
Beginning Balance, Shares at Apr. 30, 2020	54,450	54,450
Net (loss) income	$ (30,855)		(30,833)		(30,833)	(22)
Other comprehensive income (loss)	25,655			25,580	25,580	75
Dividends paid to shareholders	(5,807)		(5,807)		(5,807)
Purchase of stock	(4,442)	$ (4,442)			(4,442)
Purchase of stock, shares		(161)
Issuance of stock	3,966	$ 3,966			3,966
Issuance of stock (shares)		580
Stock-based compensation	5,813	$ 5,813			5,813
Ending Balance at Jul. 31, 2020	$ 1,218,021	$ 590,897	$ 706,353	$ (81,592)	$ 1,215,658	$ 2,363
Ending Balance, Shares at Jul. 31, 2020	54,869	54,869

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (30,855)	$ 43,650
Adjustments to reconcile net (loss) income to net cash used by operating activities:
Depreciation and amortization	15,035	12,777
Stock-based compensation expense	5,965	5,462
Provision for doubtful accounts	4,626	3,549
Gain on cash surrender value of life insurance policies	(2,105)	(2,338)
Gain on marketable securities	(11,550)	(1,945)
Deferred income taxes	4,072	1,974
Change in other assets and liabilities:
Deferred compensation	19,332	11,652
Receivables due from clients	17,382	(31,450)
Income taxes and other receivables	(2,889)	(3,176)
Prepaid expenses and other assets	(8,134)	(9,845)
Unearned compensation	(24,317)	(14,818)
Income taxes payable	(11,409)	(1,911)
Accounts payable and accrued liabilities	(123,781)	(175,709)
Other	4,366	209
Net cash used in operating activities	(144,262)	(161,919)
Cash flows from investing activities:
Purchase of property and equipment	(8,787)	(10,706)
Purchase of marketable securities	(19,216)	(1,600)
Proceeds from sales/maturities of marketable securities	14,549	1,599
Premium on company-owned life insurance policies	(347)	(341)
Proceeds from life insurance policies	591	1,673
Dividends received from unconsolidated subsidiaries		166
Net cash used in investing activities	(13,210)	(9,209)
Cash flows from financing activities:
Payments of tax withholdings on restricted stock	(4,442)	(8,591)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan	3,371	4,313
Payments on life insurance policy loans	(596)	(943)
Principal payments on finance leases	(331)	(432)
Dividends paid to shareholders	(5,807)	(6,081)
Repurchases of common stock		(12,738)
Payment of contingent consideration from acquisitions		(455)
Net cash used in financing activities	(7,805)	(24,927)
Effect of exchange rate changes on cash and cash equivalents	18,819	(5,668)
Net decrease in cash and cash equivalents	(146,458)	(201,723)
Cash and cash equivalents at beginning of period	689,244	626,360
Cash and cash equivalents at end of the period	$ 542,786	$ 424,637

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Jul. 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, and its subsidiaries (the “Company”) 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 the Company’s past and gives the Company a clear path to the future with focused initiatives to increase its 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 its 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. Recruitment Process Outsourcing (“RPO”) and Professional Search 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, 2020 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 our different industries. 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 digital sales, stand-alone or as part of a solution, 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 (“ASC”) 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 as a percentage of 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 fee 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 the Company’s 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 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 operations. Allowance for Doubtful Accounts An allowance is established for doubtful accounts by taking a charge to general and administrative expenses. The Company’s expected credit loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers’ trade accounts receivable. Due to the short-term nature of such receivables, the estimate of amount of accounts receivable that may not be collected is primarily based on historical loss-rate experience. When required, the Company adjusts the loss-rate methodology to account for current conditions and reasonable and supportable expectations of future economic and market conditions. The Company generally assesses future economic condition for a period of sixty to ninety days, which corresponds with the contractual life of its accounts receivables. After the Company exhausts all collection efforts, the amount of the allowance is reduced for balances written off 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 July 31, 2020 and April 30, 2020, the Company’s investments in cash equivalents consisted of money market funds, commercial paper and also included corporate notes/bonds as of April 30, 2020 with initial maturity of less than 90 days for which market prices are readily available. Marketable Securities The Company currently has investments in marketable securities and mutual funds that are classified as either equity securities or available-for-sale debt 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 equity securities and mirror 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. 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 operations 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 July 31, 2020 and April 30, 2020 , the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash, cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts. 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 equity securities are obtained from quoted market prices, and the fair values of marketable securities classified as available-for-sale and foreign currency forward contracts are obtained from a third party, which are based on quoted prices or market prices for similar assets and financial instruments. 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 operations. 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 12 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. During the three months ended July 31, 2020, the Company recorded an adjustment of $0.4 million to reduce goodwill and increase deferred tax asset from the Miller Heiman Group, Achieve Forum and Strategy Execution (the “Acquired Companies”) acquisition completed on November 1, 2019. 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 on the 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, ROU assets and software developed or obtained for internal use. In accordance with ASC 360, Property, Plant and Equipment, 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 July 31, 2020 and 2019 there were no impairment charges recorded. Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of assets acquired. The goodwill impairment test compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, goodwill of the reporting unit would be considered impaired. To measure the amount of the impairment loss, the implied fair value of a reporting unit’s goodwill is compared to the carrying amount of that goodwill. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of a reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. For each of these tests, the fair value of each of the Company’s reporting units is determined using a combination of valuation techniques, including a discounted cash flow methodology. To corroborate the discounted cash flow analysis performed at each reporting unit, a market approach is utilized using observable market data such as comparable companies in similar lines of business that are publicly traded or which are part of a public or private transaction (to the extent available). Results of the annual qualitative impairment test performed as of January 31, 2020 did not indicate any impairment. During the fourth quarter of fiscal 2020, the rapid and severe impacts of the global coronavirus pandemic (“COVID-19”), and more specifically the need to support global social distancing efforts, mitigating the spread of the virus, and complying with restrictions put in place by various governmental entities, led to a decline for our products and services. These actions had a material impact on our business. Therefore, we performed a quantitative review as of March 31, 2020, to assess whether these actions caused the fair value of any of our reporting units to fall below its carrying value. This quantitative review included sensitivity analyses of each reporting unit’s discounted cash flow models considering updated discount rates, financial results and forecasts, market multiples and terminal value revenue growth rates. While fair value exceeded carrying value for all reporting units, the excess of the fair value over carrying value of the Consulting segment had the smallest buffer. As of April 30, 2020, goodwill in the Consulting segment was $173.0 million. The conclusion for all reporting units was that no impairment existed as of March 31, 2020. As of July 31, 2020 and April 30, 2020, there were no further indicators of impairment with respect to the Company’s goodwill. We are unable to predict how long COVID-19 will impact our operations or what additional restrictions may be imposed by governments in the regions the Company operates. Significant variations from current expectations could impact future assessments and result in an impairment charge. 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 noted above, COVID-19 impacted the Company’s fourth quarter of fiscal 2020 business, as well as the business during the first quarter of fiscal 2021 and will continue to impact the business going forward. The Company reviewed its intangible assets and noted no impairment as of July 31, 2020 and April 30, 2020. Compensation and Benefits Expense Compensation and benefits expense in the accompanying consolidated statements of operations consist of compensation and benefits paid to consultants (employees who originate business), executive officers and administrative and support personnel. The most significant portions of this expense are salaries and the amounts paid under the annual performance-related bonus plan to employees. The portion of the expense applicable to salaries is comprised of amounts earned by employees during a reporting period. The portion of the expenses applicable to annual performance-related bonuses refers to the Company’s annual employee performance-related bonus with respect to a fiscal year, the amount of which is communicated and paid to each eligible employee following the completion of the fiscal year. Each quarter, management makes its best estimate of its annual performance-related bonuses, which requires management to, among other things, project annual consultant productivity (as measured by engagement fees billed and collected by executive search consultants and revenue and other performance/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 $59.9 million and $53.0 million during the three months ended July 31, 2020 and 2019, respectively, included in compensation and benefits expense in the consolidated statements of operations. 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 based 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 June 2016, the Financial Accounting Standards Board (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 became effective for fiscal years beginning after December 15, 2019. The Company adopted this guidance as of May 1, 2020. The adoption of this guidance did not 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 became effective for goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company adopted this guidance as of May 1, 2020. The adoption of this guidance did not 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 became effective for fiscal years beginning after December 15, 2019. The Company adopted this guidance as of May 1, 2020. In August 2018, the FASB also issued guidance amending accounting for internal-use software. The new guidance aligns 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 became effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company adopted this guidance as of May 1, 2020. The adoption of this guidance did not have a material impact on the consolidated financial statements. 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 early adopted this guidance in its fiscal year beginning May 1, 2020. The adoption of this guidance did not have a material impact on the consolidated financial statements. Recently Proposed Accounting Standards - Not Yet Adopted In March 2020, the FASB issued guidance on Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This guidance provides optional expedients and exceptions to the guidance on contract modifications and hedge accounting related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative rates. Entities can elect to adopt this guidance as of any date within an interim period that includes or is subsequent to March 12, 2020 and can adopt it for new contracts and contract modifications entered into through December 31, 2022. The Company will adopt this guidance in its fiscal year beginning May 1, 2021 and the Company may elect to apply the amendments prospectively through December 12, 2022. The Company is currently evaluating the impact of this accounting guidance, but does not anticipate that it will have a material impact on the consolidated financial statements.

Basic and Diluted (Loss) Earnin

Basic and Diluted (Loss) Earnings Per Share	3 Months Ended
	Jul. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted (Loss) Earnings Per Share	2. Basic and Diluted (Loss) Earnings Per Share ASC 260, Earnings Per Share Basic (loss) earnings per common share was computed using the two-class method by dividing basic net (loss) earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted (loss) earnings per common share was computed using the two-class method by dividing diluted net (loss) 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. For the three months ended July 31, 2020, the Company is in a net loss position and diluted net loss per share therefore excludes the effects of common equivalents consisting of restricted awards, which are all antidilutive. During the three months ended July 31, 2020 and 2019, restricted stock awards of 1.7 million and 0.7 million were outstanding, respectively, but not included in the computation of diluted (loss) earnings per share because they were anti-dilutive. The following table summarizes basic and diluted (loss) earnings per common share attributable to common stockholders: Three Months Ended July 31, 2020 2019 (in thousands, except per share data) Net (loss) income attributable to Korn Ferry $ (30,833 ) $ 42,951 Less: distributed and undistributed earnings to nonvested restricted stockholders 144 444 Basic net (loss) earnings attributable to common stockholders (30,977 ) 42,507 Add: undistributed earnings to nonvested restricted stockholders — 386 Less: reallocation of undistributed earnings to nonvested restricted stockholders — 384 Diluted net (loss) earnings attributable to common stockholders $ (30,977 ) $ 42,509 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 53,264 55,266 Effect of dilutive securities: Restricted stock — 357 ESPP — 12 Diluted weighted-average number of common shares outstanding 53,264 55,635 Net (loss) earnings per common share: Basic (loss) earnings per share $ (0.58 ) $ 0.77 Diluted (loss) earnings per share $ (0.58 ) $ 0.76

Comprehensive (Loss) Income

Comprehensive (Loss) Income	3 Months Ended
	Jul. 31, 2020
Equity [Abstract]
Comprehensive (Loss) Income	3. Comprehensive (Loss) Income Comprehensive (loss) income is comprised of net (loss) 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 (loss) income. Accumulated other comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity. The components of accumulated other comprehensive loss, net were as follows: July 31, 2020 April 30, 2020 (in thousands) Foreign currency translation adjustments $ (58,705 ) $ (83,652 ) Deferred compensation and pension plan adjustments, net of tax (22,912 ) (23,554 ) Marketable securities unrealized gain, net of tax 25 34 Accumulated other comprehensive loss, net $ (81,592 ) $ (107,172 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2020: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Gains on Marketable Securities Accumulated Other Comprehensive Loss (in thousands) Balance as of April 30, 2020 $ (83,652 ) $ (23,554 ) $ 34 $ (107,172 ) Unrealized gains (losses) arising during the period 24,947 — (9 ) 24,938 Reclassification of realized net losses to net income — 642 — 642 Balance as of July 31, 2020 $ (58,705 ) $ (22,912 ) $ 25 $ (81,592 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2019: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized (Losses) Gains on Interest Rate Swap (2) Accumulated Other Comprehensive Loss (in thousands) Balance as of April 30, 2019 $ (60,270 ) $ (16,838 ) $ 456 $ (76,652 ) Unrealized losses arising during the period (5,362 ) — (491 ) (5,853 ) Reclassification of realized net losses (gains) to net income — 495 (104 ) 391 Balance as of July 31, 2019 $ (65,632 ) $ (16,343 ) $ (139 ) $ (82,114 ) (1) The tax effect on the reclassifications of realized net losses was $0.2 million and $0.2 million for the three months ended July 31, 2020 and 2019, respectively. (2) The tax effect on unrealized losses was $0.2 million for the three months ended July 31, 2019.

Employee Stock Plans

Employee Stock Plans	3 Months Ended
	Jul. 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 operations for the periods indicated: Three Months Ended July 31, 2020 2019 (in thousands) Restricted stock $ 5,813 $ 5,091 ESPP 152 371 Total stock-based compensation expense $ 5,965 $ 5,462 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 three months ended July 31, 2020 is summarized below: Shares Weighted- Average Grant Date Fair Value (in thousands, except per share data) Non-vested, April 30, 2020 1,365 $ 44.59 Granted 1,495 $ 27.19 Vested (451 ) $ 40.51 Forfeited/expired (46 ) $ 11.53 Non-vested, July 31, 2020 2,363 $ 34.39 As of July 31, 2020 there were 0.3 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $8.3 million. As of July 31, 2020, there was $69.0 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 3.2 years. During the three months ended July 31, 2020 and 2019 161,027 shares and 221,654, shares of restricted stock totaling $4.4 million and $8.6 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. On June 3, 2020, the Company amended the plan so that the purchase price of the shares purchased could not be less than 85% or more than 100% of the fair market price of the common stock on the last day of the enrollment period. This amendment is effective July 1, 2020. 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 months ended July 31, 2020 and 2019, employees purchased 129,047 shares at $26.12 per share and 126,604 shares at $34.06 per share, respectively. As of July 31, 2020, the ESPP had approximately 0.6 million shares remaining available for future issuance. Common Stock During the three months ended July 31, 2020, no shares were repurchased by the Company (on the open market or through privately negotiated transactions). During the three months ended July 31, 2019, the Company repurchased (on the open market or through privately negotiated transactions) 324,100 shares of the Company’s common stock for $12.7 million.

Financial Instruments

Financial Instruments	3 Months Ended
	Jul. 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 July 31, 2020 and April 30, 2020: July 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) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 20,879 $ 12 $ (5 ) $ 20,886 $ 1,800 $ 19,086 $ — $ — Corporate notes/bonds 19,246 29 (3 ) 19,272 — 19,272 — — Total debt investments $ 40,125 $ 41 $ (8 ) $ 40,158 $ 1,800 $ 38,358 $ — $ — Changes in Fair Value Recorded in Net Loss Level 1: Mutual funds (1) $ 151,842 $ — $ 11,512 $ 140,330 $ — Total $ 151,842 $ — $ 11,512 $ 140,330 $ — Cash $ 451,359 $ 451,359 $ — $ — $ — Money market funds 89,627 89,627 — — — Level 2: Foreign currency forward contracts 406 — — — 406 Total $ 733,392 $ 542,786 $ 49,870 $ 140,330 $ 406 April 30, 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) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 19,132 $ 39 $ — $ 19,171 $ 4,785 $ 14,386 $ — $ — Corporate notes/bonds 19,181 26 (19 ) 19,188 901 18,287 — — Total debt investments $ 38,313 $ 65 $ (19 ) $ 38,359 $ 5,686 $ 32,673 $ — $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 141,412 $ — $ 9,278 $ 132,134 $ — Total $ 141,412 $ — $ 9,278 $ 132,134 $ — Cash $ 611,795 $ 611,795 $ — $ — $ — Money market funds 71,763 71,763 — — — Level 2: Foreign currency forward contracts 2,634 — — — 2,634 Total $ 865,963 $ 689,244 $ 41,951 $ 132,134 $ 2,634 (1) These investments are held in trust for settlement of the Company’s vested obligations of $137.4 million and $124.6 million as of July 31, 2020 and April 30, 2020, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans 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 July 31, 2020 and April 30, 2020, marketable securities classified as available-for-sale consisted of commercial paper and corporate notes/bonds for which market prices for similar assets are readily available. there were $11.8 million in sales/maturities of available-for-sale marketable securities. During the three months ended July 31, 2019, Investments in marketable securities that are held in trust for settlement of the Company’s vested obligations under the ECAP are equity securities and are based upon the investment selections the employee elects from a pre-determined set of securities in the ECAP and the Company invests in equity securities to mirror these elections. , the Company’s investments in equity securities consisted of mutual funds for which market prices are readily available. Unrealized gains that relate to equity securities still held as of Unrealized losses that relate to equity securities still held as of Foreign Currency Forward Contracts Not Designated as Hedges The fair value of derivatives not designated as hedge instruments are as follows: July 31, 2020 April 30, 2020 (in thousands) Derivative assets: Foreign currency forward contracts $ 2,309 $ 3,034 Derivative liabilities: Foreign currency forward contracts $ 1,903 $ 400 As of July 31, 2020, the total notional amounts of the forward contracts purchased and sold were $86.3 million and $46.2 million, respectively. As of April 30, 2020, the total notional amounts of the forward contracts purchased and sold were $91.2 million and $41.8 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 months ended July 31, 2020, the Company incurred gains of $0.8 million, related to forward contracts, which is recorded in general and administrative expenses in the accompanying consolidated statements of operations. 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 months ended July 31, 2019, the Company incurred losses of $1.6 million, related to forward contracts, which are recorded in general and administrative expenses in the accompanying consolidated statements of operations. These foreign currency losses offset foreign currency gains that result from transactions denominated in a currency other than the Company’s functional currency.

Deferred Compensation and Retir

Deferred Compensation and Retirement Plans	3 Months Ended
	Jul. 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 July 31, 2020 2019 (in thousands) Service cost $ 7,283 $ 5,456 Interest cost 1,033 1,393 Amortization of actuarial loss 997 745 Expected return on plan assets (1) (351 ) (363 ) Net periodic service credit amortization (101 ) (77 ) Net periodic benefit costs (2) $ 8,861 $ 7,154 (1) The expected long-term rate of return on plan assets was 6.00 % and % for July 31, 2020 and 201 9 , 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 operations. 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 $240.1 and $238.7 million as of July 31, 2020 and April 30, 2020, 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 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 months ended July 31, 2020 and 2019, deferred compensation liability increased; therefore, the Company recognized compensation expense of $11.2 million and $2.3 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 $11.5 million and $1.9 million during the three months ended July 31, 2020 and 2019, respectively, recorded in other income, net on the consolidated statements of operations (see Note 5— Financial Instruments

Fee Revenue

Fee Revenue	3 Months Ended
	Jul. 31, 2020
Revenue From Contract With Customer [Abstract]
Fee Revenue	7. Fee Revenue 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 the Company has already received consideration. Deferred revenue is presented in other accrued liabilities on the consolidated balance sheets. The following table outlines the Company’s contract asset and liability balances as of July 31, 2020 and April 30, 2020: July 31, 2020 April 30, 2020 (in thousands) Contract assets-unbilled receivables $ 75,677 $ 65,370 Contract liabilities-deferred revenue $ 130,960 $ 133,128 During the three months ended July 31, 2020, the Company recognized revenue of $41.4 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 July 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 $629.8 million. Of the $629.8 million of remaining performance obligations, the Company expects to recognize approximately $247.3 million in the remainder of fiscal 2021, $210.0 million in fiscal 2022, $95.4 million in fiscal 2023 and the remaining 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 11— Segments The following table provides further disaggregation of fee revenue by industry: Three Months Ended July 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 95,311 27.7 % $ 138,312 28.5 % Financial Services 65,727 19.1 86,212 17.8 Life Sciences/Healthcare 65,450 19.0 82,265 17.0 Consumer Goods 44,778 13.0 71,698 14.8 Technology 49,324 14.4 70,803 14.6 Education/Non-Profit/General 23,507 6.8 35,259 7.3 Fee Revenue $ 344,097 100.0 % $ 484,549 100.0 %

Credit Losses

Credit Losses	3 Months Ended
	Jul. 31, 2020
Credit Loss [Abstract]
Credit Losses	8. Credit Losses The Company is exposed to credit losses primarily through the provision of its executive search, consulting and digital services. The Company’s expected credit loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade accounts receivables. Due to the short-term nature of such receivables, the estimate of amount of accounts receivable that may not be collected is primarily based on historical loss-rate experience. When required, the Company adjusts the loss-rate methodology to account for current conditions and reasonable and supportable expectations of future economic and market conditions. The Company generally assesses future economic conditions for a period of sixty to ninety days, which corresponds with the contractual life of its accounts receivables. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. The Company’s monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of customers' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible. The Company considered the current and expected future economic and market conditions surrounding COVID-19 as of the end of the quarter and determined that the estimate of credit losses was not significantly impacted as of that date. The activity in the allowance for credit losses on the Company's trade receivables is as follows: (in thousands) Balance at April 30, 2020 $ 23,795 Provision for credit losses 4,626 Write-offs (2,697 ) Recoveries of amounts previously written off 43 Foreign currency translation 802 Balance at July 31, 2020 $ 26,569 The fair value and unrealized losses on available for sale debt securities, aggregated by investment category and the length of time the security has been in an unrealized loss position, are as follows: Less Than 12 Months Balance Sheet Classification Balance at July 31, 2020 Fair Value Unrealized Loss Cash and Cash Equivalents Marketable Securities, Current (in thousands) Commercial paper $ 8,390 $ 5 $ — $ 8,390 Corporate notes/bonds $ 10,321 $ 3 $ — $ 10,321 The unrealized losses on five investments in Commercial paper securities and six investments in Corporate notes/bonds were caused by fluctuations in market interest rates. The Company only purchases high grade bonds that have a maturity from the date of purchase of less than one year. The Company monitors the credit worthiness of its investments on a quarterly basis. The Company does not intend to sell the investments and does not believe it will be required to sell the investments before the investments mature and therefore recover the amortized cost basis.

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The Company ordinarily computes its tax provision for interim reporting periods using an estimated annual effective tax rate in accordance with ASC 740-270. For the three months ended July 31, 2020, however, the Company determined that a reliable estimate of the annual effective tax rate could not be made because small changes in projected income produced significant variations in the estimated annual effective rate. Thus, for the three months ended July 31, 2020, the actual effective tax rate for the period was used as the best estimate of the annual effective tax rate. The provision for income tax was a benefit of $8.7 million in the three months ended July 31, 2020, compared to an expense of $14.5 million in the three months ended July 31, 2019. This reflects a 21.9% and 24.9% effective tax rate for the three months ended July 31, 2020 and 2019, respectively. The variability in effective tax rate over time is primarily due to the impact of .

Restructuring Charges, Net

Restructuring Charges, Net	3 Months Ended
	Jul. 31, 2020
Restructuring And Related Activities [Abstract]
Restructuring Charges, Net	10. Restructuring Charges, Net On April 20, 2020, in light of the continuing uncertainty in worldwide economic conditions caused by the COVID-19 pandemic and, as part of a broader program aimed at further enhancing Korn Ferry’s strong balance sheet and liquidity position, the Company adopted a restructuring plan intended to adjust its cost base to the current economic environment and to position the Company to invest into its recovery. The Company continued the implementation of this plan in the first quarter of fiscal 2021 and this resulted in restructuring charges, net of $27.5 million in the three months ended July 31, 2020 across all lines of business relating to severance for positions that have been eliminated. There were no restructuring charges in the three months ended July 31, 2019. Changes in the restructuring liability during the three months ended July 31, 2020 were as follows: Restructuring Liability (in thousands) As of April 30, 2020 $ 34,153 Restructuring charges, net 27,487 Reductions for cash payments (31,347 ) Non-cash payments (3,968 ) Exchange rate fluctuations 2,207 As of July 31, 2020 $ 28,532 As of July 31, 2020 and April 30, 2020, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $0.6 million and $0.6 million, respectively, which are included in other long-term liabilities.

Segments

Segments	3 Months Ended
	Jul. 31, 2020
Segment Reporting [Abstract]
Segments	11. Segments The Company has invested in its digital business over the past year 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 consulting engagement. These investments combined with the recent acquisition of the Acquired Companies resulted in a reassessment in the third quarter of fiscal 2020 of how the Company managed its former 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 (“CODM”) had begun to 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 was separated into two segments: Consulting and Digital. Revenues are directly attributed to a segment and expenses not directly associated with a specific segment are allocated based on the most relevant measures applicable, including revenues, headcount and other factors. Operating results by segment prior to November 1, 2019 have been recast to conform to the new segment reporting. The Company operates through four global segments: 1. Consulting 2. Digital 3. Executive Search management talent. Behavioral interviewing and proprietary assessments are used to determine ideal organizational fit, and salary benchmarking builds appropriate frameworks for compensation and retention. 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 & 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 CODM’s review of 1) fee revenue and 2) adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). To the extent that such costs or 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 operating segment are as follows: Three Months Ended July 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 99,318 $ 55,973 $ 69,315 $ 30,081 $ 17,252 $ 3,495 $ 120,143 $ 68,663 $ — $ 344,097 Total revenue $ 99,590 $ 56,022 $ 69,856 $ 30,195 $ 17,340 $ 3,495 $ 120,886 $ 70,385 $ — $ 346,883 Net loss attributable to Korn Ferry $ (30,833 ) Net loss attributable to noncontrolling interest (22 ) Other income net (11,162 ) Interest expense, net 6,894 Income tax benefit (8,672 ) Operating (loss) income $ (10,927 ) $ (2,627 ) $ (5,735 ) $ (6,219 ) $ 861 $ (1,217 ) $ (12,310 ) $ 2,165 $ (20,096 ) $ (43,795 ) Depreciation and amortization 4,009 6,726 730 362 275 202 1,569 940 1,791 15,035 Other income, net 788 418 9,342 19 226 48 9,635 196 125 11,162 EBITDA (6,130 ) 4,517 4,337 (5,838 ) 1,362 (967 ) (1,106 ) 3,301 (18,180 ) (17,598 ) Integration/acquisition costs — 556 — — — — — — 181 737 Restructuring, charges, net 12,734 2,870 975 7,548 232 405 9,160 2,723 — 27,487 Adjusted EBITDA $ 6,604 $ 7,943 $ 5,312 $ 1,710 $ 1,594 $ (562 ) $ 8,054 $ 6,024 $ (17,999 ) $ 10,626 Three Months Ended July 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 137,542 $ 57,984 $ 111,722 $ 46,530 $ 27,362 $ 7,585 $ 193,199 $ 95,824 $ — $ 484,549 Total revenue $ 141,336 $ 57,984 $ 115,446 $ 47,312 $ 27,668 $ 7,587 $ 198,013 $ 98,865 $ — $ 496,198 Net income attributable to Korn Ferry $ 42,951 Net income attributable to noncontrolling interest 699 Other income, net (1,826 ) Interest expense, net 4,057 Income tax provision 14,453 Operating income (loss) $ 11,783 $ 14,008 $ 30,322 $ 7,311 $ 6,993 $ 1,010 $ 45,636 $ 15,041 $ (26,134 ) $ 60,334 Depreciation and amortization 4,414 3,639 901 456 346 328 2,031 992 1,701 12,777 Other income (loss), net 525 201 1,140 12 15 57 1,224 74 (198 ) 1,826 EBITDA and Adjusted EBITDA $ 16,722 $ 17,848 $ 32,363 $ 7,779 $ 7,354 $ 1,395 $ 48,891 $ 16,107 $ (24,631 ) $ 74,937

Long-Term Debt

Long-Term Debt	3 Months Ended
	Jul. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	12. 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 a $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 12-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 are for general corporate requirements. The effective interest rate on the Notes is 4.86% as of July 31, 2020 As of July 31, 2020 and April 30, 2020, the fair value of the Notes was $410.5 million and $372.5 million, respectively, 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 July 31, 2020 April 30, 2020 Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (5,697 ) (5,856 ) Long-term borrowings, net of unamortized discount and debt issuance costs $ 394,303 $ 394,144 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 16, 2024 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 a djusted 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 % 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 months ended July 31, 2019 , the average interest rate on the previous term loan was % . As of July 31, 2020 and April 20, 2020, there was no outstanding liability under the Revolver. The unamortized debt issuance costs associated with the Credit Agreement was $4.0 million and $4.2 million as of July 31, 2020 and April 30, 2020, respectively. The debt issuance costs were included in other current assets and other non-current assets on the consolidated balance sheets. As of July 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	3 Months Ended
	Jul. 31, 2020
Leases [Abstract]
Leases	13. 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 combines 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 10 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 five years. Finance lease assets are included in property and equipment, net while finance lease liabilities are included in other accrued liabilities and other liabilities. The components of lease expense were as follows: Three Months Ended July 31, 2020 2019 (in thousands) Finance lease cost Amortization of ROU assets $ 338 $ 470 Interest on lease liabilities 31 40 369 510 Operating lease cost 13,983 14,227 Short-term lease cost 108 279 Variable lease cost 2,407 2,893 Sublease income (80 ) (54 ) Total lease cost $ 16,787 $ 17,855 Supplemental cash flow information related to leases was as follows: Three Months Ended July 31, 2020 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 15,000 $ 14,909 Financing cash flows from finance leases $ 331 $ 432 ROU assets obtained in exchange for lease obligations: Operating leases $ 1,901 $ 935 Finance leases $ 435 $ 513 Supplemental balance sheet information related to leases was as follows: July 31, 2020 April 30, 2020 (in thousands) Finance Leases: Property and equipment, at cost $ 4,811 $ 4,281 Accumulated depreciation (1,806 ) (1,485 ) Property and equipment, net $ 3,005 $ 2,796 Other accrued liabilities $ 1,191 $ 1,241 Other liabilities 1,945 1,634 Total finance lease liabilities $ 3,136 $ 2,875 Weighted average remaining lease terms: Operating leases 5.3 years 5.5 years Finance leases 3.2 years 2.9 years Weighted average discount rate: Operating leases 4.8 % 4.8 % Finance leases 4.2 % 4.1 % Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2021 (excluding the three months ended July 31, 2020) $ 51,043 $ 1,010 2022 52,486 1,048 2023 44,329 750 2024 37,567 408 2025 32,177 122 Thereafter 45,374 — Total lease payments 262,976 3,338 Less: imputed interest 32,172 202 Total $ 230,804 $ 3,136

Subsequent Event

Subsequent Event	3 Months Ended
	Jul. 31, 2020
Subsequent Events [Abstract]
Subsequent Event	14. Subsequent Event Quarterly Dividend Declaration On September 2, 2020, the Board of Directors of the Company declared a cash dividend of $0.10 per share with a payment date of October 15, 2020 to holders of the Company’s common stock of record at the close of business on September 25, 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)	3 Months Ended
	Jul. 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, 2020 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 our different industries. 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 digital sales, stand-alone or as part of a solution, 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 (“ASC”) 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 as a percentage of 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 fee 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 the Company’s 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 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 operations.
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 Company’s expected credit loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers’ trade accounts receivable. Due to the short-term nature of such receivables, the estimate of amount of accounts receivable that may not be collected is primarily based on historical loss-rate experience. When required, the Company adjusts the loss-rate methodology to account for current conditions and reasonable and supportable expectations of future economic and market conditions. The Company generally assesses future economic condition for a period of sixty to ninety days, which corresponds with the contractual life of its accounts receivables. After the Company exhausts all collection efforts, the amount of the allowance is reduced for balances written off 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 July 31, 2020 and April 30, 2020, the Company’s investments in cash equivalents consisted of money market funds, commercial paper and also included corporate notes/bonds as of April 30, 2020 with initial maturity of less than 90 days for which market prices are readily available.
Marketable Securities	Marketable Securities The Company currently has investments in marketable securities and mutual funds that are classified as either equity securities or available-for-sale debt 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 equity securities and mirror 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. 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 operations 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 July 31, 2020 and April 30, 2020 , the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash, cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts. 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 equity securities are obtained from quoted market prices, and the fair values of marketable securities classified as available-for-sale and foreign currency forward contracts are obtained from a third party, which are based on quoted prices or market prices for similar assets and financial instruments.
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 operations.
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 12 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. During the three months ended July 31, 2020, the Company recorded an adjustment of $0.4 million to reduce goodwill and increase deferred tax asset from the Miller Heiman Group, Achieve Forum and Strategy Execution (the “Acquired Companies”) acquisition completed on November 1, 2019.
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 on the 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, ROU assets and software developed or obtained for internal use. In accordance with ASC 360, Property, Plant and Equipment, 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 July 31, 2020 and 2019 there were no impairment charges recorded.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of assets acquired. The goodwill impairment test compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, goodwill of the reporting unit would be considered impaired. To measure the amount of the impairment loss, the implied fair value of a reporting unit’s goodwill is compared to the carrying amount of that goodwill. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of a reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. For each of these tests, the fair value of each of the Company’s reporting units is determined using a combination of valuation techniques, including a discounted cash flow methodology. To corroborate the discounted cash flow analysis performed at each reporting unit, a market approach is utilized using observable market data such as comparable companies in similar lines of business that are publicly traded or which are part of a public or private transaction (to the extent available). Results of the annual qualitative impairment test performed as of January 31, 2020 did not indicate any impairment. During the fourth quarter of fiscal 2020, the rapid and severe impacts of the global coronavirus pandemic (“COVID-19”), and more specifically the need to support global social distancing efforts, mitigating the spread of the virus, and complying with restrictions put in place by various governmental entities, led to a decline for our products and services. These actions had a material impact on our business. Therefore, we performed a quantitative review as of March 31, 2020, to assess whether these actions caused the fair value of any of our reporting units to fall below its carrying value. This quantitative review included sensitivity analyses of each reporting unit’s discounted cash flow models considering updated discount rates, financial results and forecasts, market multiples and terminal value revenue growth rates. While fair value exceeded carrying value for all reporting units, the excess of the fair value over carrying value of the Consulting segment had the smallest buffer. As of April 30, 2020, goodwill in the Consulting segment was $173.0 million. The conclusion for all reporting units was that no impairment existed as of March 31, 2020. As of July 31, 2020 and April 30, 2020, there were no further indicators of impairment with respect to the Company’s goodwill. We are unable to predict how long COVID-19 will impact our operations or what additional restrictions may be imposed by governments in the regions the Company operates. Significant variations from current expectations could impact future assessments and result in an impairment charge. 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 noted above, COVID-19 impacted the Company’s fourth quarter of fiscal 2020 business, as well as the business during the first quarter of fiscal 2021 and will continue to impact the business going forward. The Company reviewed its intangible assets and noted no impairment as of July 31, 2020 and April 30, 2020.
Compensation and Benefits Expense	Compensation and Benefits Expense Compensation and benefits expense in the accompanying consolidated statements of operations consist of compensation and benefits paid to consultants (employees who originate business), executive officers and administrative and support personnel. The most significant portions of this expense are salaries and the amounts paid under the annual performance-related bonus plan to employees. The portion of the expense applicable to salaries is comprised of amounts earned by employees during a reporting period. The portion of the expenses applicable to annual performance-related bonuses refers to the Company’s annual employee performance-related bonus with respect to a fiscal year, the amount of which is communicated and paid to each eligible employee following the completion of the fiscal year. Each quarter, management makes its best estimate of its annual performance-related bonuses, which requires management to, among other things, project annual consultant productivity (as measured by engagement fees billed and collected by executive search consultants and revenue and other performance/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 $59.9 million and $53.0 million during the three months ended July 31, 2020 and 2019, respectively, included in compensation and benefits expense in the consolidated statements of operations. 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 based 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 June 2016, the Financial Accounting Standards Board (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 became effective for fiscal years beginning after December 15, 2019. The Company adopted this guidance as of May 1, 2020. The adoption of this guidance did not 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 became effective for goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company adopted this guidance as of May 1, 2020. The adoption of this guidance did not 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 became effective for fiscal years beginning after December 15, 2019. The Company adopted this guidance as of May 1, 2020. In August 2018, the FASB also issued guidance amending accounting for internal-use software. The new guidance aligns 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 became effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company adopted this guidance as of May 1, 2020. The adoption of this guidance did not have a material impact on the consolidated financial statements. 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 early adopted this guidance in its fiscal year beginning May 1, 2020. The adoption of this guidance did not have a material impact on the consolidated financial statements.
Recently Proposed Accounting Standards - Not Yet Adopted	Recently Proposed Accounting Standards - Not Yet Adopted In March 2020, the FASB issued guidance on Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This guidance provides optional expedients and exceptions to the guidance on contract modifications and hedge accounting related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative rates. Entities can elect to adopt this guidance as of any date within an interim period that includes or is subsequent to March 12, 2020 and can adopt it for new contracts and contract modifications entered into through December 31, 2022. The Company will adopt this guidance in its fiscal year beginning May 1, 2021 and the Company may elect to apply the amendments prospectively through December 12, 2022. The Company is currently evaluating the impact of this accounting guidance, but does not anticipate that it will have a material impact on the consolidated financial statements.

Basic and Diluted (Loss) Earn_2

Basic and Diluted (Loss) Earnings Per Share (Tables)	3 Months Ended
	Jul. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted (Loss) Earnings per Common Share Attributable to Common Stockholders	The following table summarizes basic and diluted (loss) earnings per common share attributable to common stockholders: Three Months Ended July 31, 2020 2019 (in thousands, except per share data) Net (loss) income attributable to Korn Ferry $ (30,833 ) $ 42,951 Less: distributed and undistributed earnings to nonvested restricted stockholders 144 444 Basic net (loss) earnings attributable to common stockholders (30,977 ) 42,507 Add: undistributed earnings to nonvested restricted stockholders — 386 Less: reallocation of undistributed earnings to nonvested restricted stockholders — 384 Diluted net (loss) earnings attributable to common stockholders $ (30,977 ) $ 42,509 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 53,264 55,266 Effect of dilutive securities: Restricted stock — 357 ESPP — 12 Diluted weighted-average number of common shares outstanding 53,264 55,635 Net (loss) earnings per common share: Basic (loss) earnings per share $ (0.58 ) $ 0.77 Diluted (loss) earnings per share $ (0.58 ) $ 0.76

Comprehensive (Loss) Income (Ta

Comprehensive (Loss) Income (Tables)	3 Months Ended
	Jul. 31, 2020
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss, net were as follows: July 31, 2020 April 30, 2020 (in thousands) Foreign currency translation adjustments $ (58,705 ) $ (83,652 ) Deferred compensation and pension plan adjustments, net of tax (22,912 ) (23,554 ) Marketable securities unrealized gain, net of tax 25 34 Accumulated other comprehensive loss, net $ (81,592 ) $ (107,172 )
Changes in Each Component of Accumulated Other Comprehensive Loss	The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2020: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Gains on Marketable Securities Accumulated Other Comprehensive Loss (in thousands) Balance as of April 30, 2020 $ (83,652 ) $ (23,554 ) $ 34 $ (107,172 ) Unrealized gains (losses) arising during the period 24,947 — (9 ) 24,938 Reclassification of realized net losses to net income — 642 — 642 Balance as of July 31, 2020 $ (58,705 ) $ (22,912 ) $ 25 $ (81,592 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2019: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized (Losses) Gains on Interest Rate Swap (2) Accumulated Other Comprehensive Loss (in thousands) Balance as of April 30, 2019 $ (60,270 ) $ (16,838 ) $ 456 $ (76,652 ) Unrealized losses arising during the period (5,362 ) — (491 ) (5,853 ) Reclassification of realized net losses (gains) to net income — 495 (104 ) 391 Balance as of July 31, 2019 $ (65,632 ) $ (16,343 ) $ (139 ) $ (82,114 ) (1) The tax effect on the reclassifications of realized net losses was $0.2 million and $0.2 million for the three months ended July 31, 2020 and 2019, respectively. (2) The tax effect on unrealized losses was $0.2 million for the three months ended July 31, 2019.

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	3 Months Ended
	Jul. 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 operations for the periods indicated: Three Months Ended July 31, 2020 2019 (in thousands) Restricted stock $ 5,813 $ 5,091 ESPP 152 371 Total stock-based compensation expense $ 5,965 $ 5,462
Restricted Stock Activity	Restricted stock activity during the three months ended July 31, 2020 is summarized below: Shares Weighted- Average Grant Date Fair Value (in thousands, except per share data) Non-vested, April 30, 2020 1,365 $ 44.59 Granted 1,495 $ 27.19 Vested (451 ) $ 40.51 Forfeited/expired (46 ) $ 11.53 Non-vested, July 31, 2020 2,363 $ 34.39

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Jul. 31, 2020
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of July 31, 2020 and April 30, 2020: July 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) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 20,879 $ 12 $ (5 ) $ 20,886 $ 1,800 $ 19,086 $ — $ — Corporate notes/bonds 19,246 29 (3 ) 19,272 — 19,272 — — Total debt investments $ 40,125 $ 41 $ (8 ) $ 40,158 $ 1,800 $ 38,358 $ — $ — Changes in Fair Value Recorded in Net Loss Level 1: Mutual funds (1) $ 151,842 $ — $ 11,512 $ 140,330 $ — Total $ 151,842 $ — $ 11,512 $ 140,330 $ — Cash $ 451,359 $ 451,359 $ — $ — $ — Money market funds 89,627 89,627 — — — Level 2: Foreign currency forward contracts 406 — — — 406 Total $ 733,392 $ 542,786 $ 49,870 $ 140,330 $ 406 April 30, 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) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 19,132 $ 39 $ — $ 19,171 $ 4,785 $ 14,386 $ — $ — Corporate notes/bonds 19,181 26 (19 ) 19,188 901 18,287 — — Total debt investments $ 38,313 $ 65 $ (19 ) $ 38,359 $ 5,686 $ 32,673 $ — $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 141,412 $ — $ 9,278 $ 132,134 $ — Total $ 141,412 $ — $ 9,278 $ 132,134 $ — Cash $ 611,795 $ 611,795 $ — $ — $ — Money market funds 71,763 71,763 — — — Level 2: Foreign currency forward contracts 2,634 — — — 2,634 Total $ 865,963 $ 689,244 $ 41,951 $ 132,134 $ 2,634 (1) These investments are held in trust for settlement of the Company’s vested obligations of $137.4 million and $124.6 million as of July 31, 2020 and April 30, 2020, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of July 31, 2020 and April 30, 2020: July 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) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 20,879 $ 12 $ (5 ) $ 20,886 $ 1,800 $ 19,086 $ — $ — Corporate notes/bonds 19,246 29 (3 ) 19,272 — 19,272 — — Total debt investments $ 40,125 $ 41 $ (8 ) $ 40,158 $ 1,800 $ 38,358 $ — $ — Changes in Fair Value Recorded in Net Loss Level 1: Mutual funds (1) $ 151,842 $ — $ 11,512 $ 140,330 $ — Total $ 151,842 $ — $ 11,512 $ 140,330 $ — Cash $ 451,359 $ 451,359 $ — $ — $ — Money market funds 89,627 89,627 — — — Level 2: Foreign currency forward contracts 406 — — — 406 Total $ 733,392 $ 542,786 $ 49,870 $ 140,330 $ 406 April 30, 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) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 19,132 $ 39 $ — $ 19,171 $ 4,785 $ 14,386 $ — $ — Corporate notes/bonds 19,181 26 (19 ) 19,188 901 18,287 — — Total debt investments $ 38,313 $ 65 $ (19 ) $ 38,359 $ 5,686 $ 32,673 $ — $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 141,412 $ — $ 9,278 $ 132,134 $ — Total $ 141,412 $ — $ 9,278 $ 132,134 $ — Cash $ 611,795 $ 611,795 $ — $ — $ — Money market funds 71,763 71,763 — — — Level 2: Foreign currency forward contracts 2,634 — — — 2,634 Total $ 865,963 $ 689,244 $ 41,951 $ 132,134 $ 2,634 (1) These investments are held in trust for settlement of the Company’s vested obligations of $137.4 million and $124.6 million as of July 31, 2020 and April 30, 2020, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans
Fair Value of Liabilities Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: July 31, 2020 April 30, 2020 (in thousands) Derivative assets: Foreign currency forward contracts $ 2,309 $ 3,034 Derivative liabilities: Foreign currency forward contracts $ 1,903 $ 400
Not Designated as Hedge Instrument
Fair Value of Assets Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: July 31, 2020 April 30, 2020 (in thousands) Derivative assets: Foreign currency forward contracts $ 2,309 $ 3,034 Derivative liabilities: Foreign currency forward contracts $ 1,903 $ 400

Deferred Compensation and Ret_2

Deferred Compensation and Retirement Plans (Tables)	3 Months Ended
	Jul. 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 July 31, 2020 2019 (in thousands) Service cost $ 7,283 $ 5,456 Interest cost 1,033 1,393 Amortization of actuarial loss 997 745 Expected return on plan assets (1) (351 ) (363 ) Net periodic service credit amortization (101 ) (77 ) Net periodic benefit costs (2) $ 8,861 $ 7,154 (1) The expected long-term rate of return on plan assets was 6.00 % and % for July 31, 2020 and 201 9 , 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 operations.

Fee Revenue (Tables)

Fee Revenue (Tables)	3 Months Ended
	Jul. 31, 2020
Revenue From Contract With Customer [Abstract]
Schedule of Contract Asset and Liability	The following table outlines the Company’s contract asset and liability balances as of July 31, 2020 and April 30, 2020: July 31, 2020 April 30, 2020 (in thousands) Contract assets-unbilled receivables $ 75,677 $ 65,370 Contract liabilities-deferred revenue $ 130,960 $ 133,128
Schedule of Disaggregation of Fee Revenue by Industry	The following table provides further disaggregation of fee revenue by industry: Three Months Ended July 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 95,311 27.7 % $ 138,312 28.5 % Financial Services 65,727 19.1 86,212 17.8 Life Sciences/Healthcare 65,450 19.0 82,265 17.0 Consumer Goods 44,778 13.0 71,698 14.8 Technology 49,324 14.4 70,803 14.6 Education/Non-Profit/General 23,507 6.8 35,259 7.3 Fee Revenue $ 344,097 100.0 % $ 484,549 100.0 %

Credit Losses (Tables)

Credit Losses (Tables)	3 Months Ended
	Jul. 31, 2020
Credit Loss [Abstract]
Summary of Activity in Allowance for Credit Losses on Trade Receivables	The activity in the allowance for credit losses on the Company's trade receivables is as follows: (in thousands) Balance at April 30, 2020 $ 23,795 Provision for credit losses 4,626 Write-offs (2,697 ) Recoveries of amounts previously written off 43 Foreign currency translation 802 Balance at July 31, 2020 $ 26,569
Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities	The fair value and unrealized losses on available for sale debt securities, aggregated by investment category and the length of time the security has been in an unrealized loss position, are as follows: Less Than 12 Months Balance Sheet Classification Balance at July 31, 2020 Fair Value Unrealized Loss Cash and Cash Equivalents Marketable Securities, Current (in thousands) Commercial paper $ 8,390 $ 5 $ — $ 8,390 Corporate notes/bonds $ 10,321 $ 3 $ — $ 10,321

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	3 Months Ended
	Jul. 31, 2020
Restructuring And Related Activities [Abstract]
Changes In Restructuring Liability	Changes in the restructuring liability during the three months ended July 31, 2020 were as follows: Restructuring Liability (in thousands) As of April 30, 2020 $ 34,153 Restructuring charges, net 27,487 Reductions for cash payments (31,347 ) Non-cash payments (3,968 ) Exchange rate fluctuations 2,207 As of July 31, 2020 $ 28,532

Segments (Tables)

Segments (Tables)	3 Months Ended
	Jul. 31, 2020
Segment Reporting [Abstract]
Financial Highlights by Operating Segment	Financial highlights by operating segment are as follows: Three Months Ended July 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 99,318 $ 55,973 $ 69,315 $ 30,081 $ 17,252 $ 3,495 $ 120,143 $ 68,663 $ — $ 344,097 Total revenue $ 99,590 $ 56,022 $ 69,856 $ 30,195 $ 17,340 $ 3,495 $ 120,886 $ 70,385 $ — $ 346,883 Net loss attributable to Korn Ferry $ (30,833 ) Net loss attributable to noncontrolling interest (22 ) Other income net (11,162 ) Interest expense, net 6,894 Income tax benefit (8,672 ) Operating (loss) income $ (10,927 ) $ (2,627 ) $ (5,735 ) $ (6,219 ) $ 861 $ (1,217 ) $ (12,310 ) $ 2,165 $ (20,096 ) $ (43,795 ) Depreciation and amortization 4,009 6,726 730 362 275 202 1,569 940 1,791 15,035 Other income, net 788 418 9,342 19 226 48 9,635 196 125 11,162 EBITDA (6,130 ) 4,517 4,337 (5,838 ) 1,362 (967 ) (1,106 ) 3,301 (18,180 ) (17,598 ) Integration/acquisition costs — 556 — — — — — — 181 737 Restructuring, charges, net 12,734 2,870 975 7,548 232 405 9,160 2,723 — 27,487 Adjusted EBITDA $ 6,604 $ 7,943 $ 5,312 $ 1,710 $ 1,594 $ (562 ) $ 8,054 $ 6,024 $ (17,999 ) $ 10,626 Three Months Ended July 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 137,542 $ 57,984 $ 111,722 $ 46,530 $ 27,362 $ 7,585 $ 193,199 $ 95,824 $ — $ 484,549 Total revenue $ 141,336 $ 57,984 $ 115,446 $ 47,312 $ 27,668 $ 7,587 $ 198,013 $ 98,865 $ — $ 496,198 Net income attributable to Korn Ferry $ 42,951 Net income attributable to noncontrolling interest 699 Other income, net (1,826 ) Interest expense, net 4,057 Income tax provision 14,453 Operating income (loss) $ 11,783 $ 14,008 $ 30,322 $ 7,311 $ 6,993 $ 1,010 $ 45,636 $ 15,041 $ (26,134 ) $ 60,334 Depreciation and amortization 4,414 3,639 901 456 346 328 2,031 992 1,701 12,777 Other income (loss), net 525 201 1,140 12 15 57 1,224 74 (198 ) 1,826 EBITDA and Adjusted EBITDA $ 16,722 $ 17,848 $ 32,363 $ 7,779 $ 7,354 $ 1,395 $ 48,891 $ 16,107 $ (24,631 ) $ 74,937

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Jul. 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 12-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 July 31, 2020 April 30, 2020 Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (5,697 ) (5,856 ) Long-term borrowings, net of unamortized discount and debt issuance costs $ 394,303 $ 394,144

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jul. 31, 2020
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended July 31, 2020 2019 (in thousands) Finance lease cost Amortization of ROU assets $ 338 $ 470 Interest on lease liabilities 31 40 369 510 Operating lease cost 13,983 14,227 Short-term lease cost 108 279 Variable lease cost 2,407 2,893 Sublease income (80 ) (54 ) Total lease cost $ 16,787 $ 17,855
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Three Months Ended July 31, 2020 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 15,000 $ 14,909 Financing cash flows from finance leases $ 331 $ 432 ROU assets obtained in exchange for lease obligations: Operating leases $ 1,901 $ 935 Finance leases $ 435 $ 513
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: July 31, 2020 April 30, 2020 (in thousands) Finance Leases: Property and equipment, at cost $ 4,811 $ 4,281 Accumulated depreciation (1,806 ) (1,485 ) Property and equipment, net $ 3,005 $ 2,796 Other accrued liabilities $ 1,191 $ 1,241 Other liabilities 1,945 1,634 Total finance lease liabilities $ 3,136 $ 2,875 Weighted average remaining lease terms: Operating leases 5.3 years 5.5 years Finance leases 3.2 years 2.9 years Weighted average discount rate: Operating leases 4.8 % 4.8 % Finance leases 4.2 % 4.1 %
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2021 (excluding the three months ended July 31, 2020) $ 51,043 $ 1,010 2022 52,486 1,048 2023 44,329 750 2024 37,567 408 2025 32,177 122 Thereafter 45,374 — Total lease payments 262,976 3,338 Less: imputed interest 32,172 202 Total $ 230,804 $ 3,136

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	Mar. 31, 2020USD ($)	Jul. 31, 2020USD ($)Segment	Jul. 31, 2019USD ($)	Apr. 30, 2020USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of business segments | Segment		4
Credit loss for available for sales debt securities		$ 0	$ 0
Impairment of long-lived assets		0	0	$ 0
Goodwill		619,239,000		613,943,000
Impairment of goodwill	$ 0	0		0
Performance-related bonus expenses		$ 59,900,000	$ 53,000,000
ASU 2016-13
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true
ASU 2017-04
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true
ASU 2018-13
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true
ASU 2018-15
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true
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
Consulting | Operating Segments
Organization And Summary Of Significant Accounting Policies [Line Items]
Goodwill				$ 173,000,000
Acquired Companies
Organization And Summary Of Significant Accounting Policies [Line Items]
Business acquisitions adjustment, reduce in goodwill		$ (400,000)
Business acquisitions adjustment, increase in deferred tax asset		$ 400,000
Affiliated Entity
Organization And Summary Of Significant Accounting Policies [Line Items]
Investments in affiliated companies maximum		50.00%
Mexican Subsidiary
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of Noncontrolling interest in subsidiary		51.00%

Basic and Diluted (Loss) Earn_3

Basic and Diluted (Loss) Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted (loss) earnings per share, shares	1.7	0.7

Basic and Diluted (Loss) Earn_4

Basic and Diluted (Loss) Earnings Per Share - Basic and Diluted (Loss) Earnings per Common Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Earnings Per Share Disclosure [Line Items]
Net (loss) income attributable to Korn Ferry	$ (30,833)	$ 42,951
Less: distributed and undistributed earnings to nonvested restricted stockholders	144	444
Basic net (loss) earnings attributable to common stockholders	(30,977)	42,507
Add: undistributed earnings to nonvested restricted stockholders		386
Less: reallocation of undistributed earnings to nonvested restricted stockholders		384
Diluted net (loss) earnings attributable to common stockholders	$ (30,977)	$ 42,509
Basic weighted-average number of common shares outstanding	53,264	55,266
Diluted weighted-average number of common shares outstanding	53,264	55,635
Basic (loss) earnings per share	$ (0.58)	$ 0.77
Diluted (loss) earnings per share	$ (0.58)	$ 0.76
ESPP
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities		12
Restricted Stock
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities		357

Comprehensive (Loss) Income - C

Comprehensive (Loss) Income - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Foreign currency translation adjustments	$ (58,705)	$ (83,652)
Deferred compensation and pension plan adjustments, net of tax	(22,912)	(23,554)
Marketable securities unrealized gain, net of tax	25	34
Accumulated other comprehensive loss, net	$ (81,592)	$ (107,172)

Comprehensive (Loss) Income -_2

Comprehensive (Loss) Income - Changes in Each Component of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands		3 Months Ended
		Jul. 31, 2020	Jul. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 1,221,381
Ending balance		1,215,658
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(83,652)	$ (60,270)
Unrealized gains (losses) arising during the period		24,947	(5,362)
Ending balance		(58,705)	(65,632)
Deferred Compensation and Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(23,554)	(16,838)	[1]
Reclassification of realized net losses (gains) to net income		642	495	[1]
Ending balance		(22,912)	(16,343)	[1]
Unrealized Gains (Losses) on Marketable Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		34
Unrealized gains (losses) arising during the period		(9)
Ending balance		25
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(107,172)	(76,652)
Unrealized gains (losses) arising during the period		24,938	(5,853)
Reclassification of realized net losses (gains) to net income		642	391
Ending balance		$ (81,592)	(82,114)
Unrealized (Losses) Gains on Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[2]		456
Unrealized gains (losses) arising during the period	[2]		(491)
Reclassification of realized net losses (gains) to net income	[2]		(104)
Ending balance	[2]		$ (139)
[1]	The tax effect on the reclassifications of realized net losses was $0.2 million and $0.2 million for the three months ended July 31, 2020 and 2019, respectively.
[2]	The tax effect on unrealized losses was $0.2 million for the three months ended July 31, 2019.

Comprehensive (Loss) Income -_3

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

Employee Stock Plans - Componen

Employee Stock Plans - Components of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 5,965	$ 5,462
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	5,813	5,091
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 152	$ 371

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($)	Oct. 03, 2019	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of tax withholdings on restricted stock		$ 4,442,000	$ 8,591,000
Shares repurchased during the period, value		$ 4,442,000	$ 21,329,000
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period		0	324,100
Shares repurchased during the period, value			$ 12,700,000
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future issuance		600,000
Authorized payroll deductions		15.00%
Authorized payroll deductions, value		$ 25,000
Maximum number of shares reserved for issuance		3,000,000
Employees stock purchased		129,047	126,604
Employees stock purchased, price per share		$ 26.12	$ 34.06
ESPP | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market price of common stock		85.00%
ESPP | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market price of common stock		100.00%
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		300,000
Total unrecognized compensation cost related to non-vested awards		$ 8,300,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding		2,363,000		1,365,000
Total unrecognized compensation cost related to non-vested awards		$ 69,000,000
Expected cost recognized over weighted-average period		3 years 2 months 12 days
Shares repurchased during the period to pay for taxes		161,027	221,654
Payments of tax withholdings on restricted stock		$ 4,400,000	$ 8,600,000
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	3 Months Ended
	Jul. 31, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Non-vested, beginning balance | shares	1,365
Shares, Granted | shares	1,495
Shares, Vested | shares	(451)
Shares, Forfeited/expired | shares	(46)
Shares, Non-vested, ending balance | shares	2,363
Weighted-Average Grant Date Fair Value, Non-vested, beginning balance | $ / shares	$ 44.59
Weighted-Average Grant Date Fair Value, Granted | $ / shares	27.19
Weighted-Average Grant Date Fair Value, Vested | $ / shares	40.51
Weighted-Average Grant Date Fair Value, Forfeited/expired | $ / shares	11.53
Weighted-Average Grant Date Fair Value, Non-vested, ending balance | $ / shares	$ 34.39

Financial Instruments - Financi

Financial Instruments - Financial Instruments and Balance Sheet Classification (Detail) - USD ($) $ in Thousands		Jul. 31, 2020	Apr. 30, 2020
Investment Holdings [Line Items]
Cash and cash equivalents		$ 542,786	$ 689,244
Marketable Securities, Current		49,870	41,951
Marketable securities, non-current		140,330	132,134
Income Taxes & Other Receivables		42,243	38,755
Income Taxes & Other Receivables		406	2,634
Fair Value		733,392	865,963
Fair Value, Inputs, Level 2
Investment Holdings [Line Items]
Cost		40,125	38,313
Unrealized Gains		41	65
Unrealized Losses		(8)	(19)
Fair Value		40,158	38,359
Cash and cash equivalents		1,800	5,686
Marketable Securities, Current		38,358	32,673
Fair Value, Inputs, Level 2 | Commercial Paper
Investment Holdings [Line Items]
Cost		20,879	19,132
Unrealized Gains		12	39
Unrealized Losses		(5)
Fair Value		20,886	19,171
Cash and cash equivalents		1,800	4,785
Marketable Securities, Current		19,086	14,386
Fair Value, Inputs, Level 2 | Corporate Notes/Bonds
Investment Holdings [Line Items]
Cost		19,246	19,181
Unrealized Gains		29	26
Unrealized Losses		(3)	(19)
Fair Value		19,272	19,188
Cash and cash equivalents			901
Marketable Securities, Current		19,272	18,287
Fair Value, Inputs, Level 2 | Foreign Exchange Forward Contracts
Investment Holdings [Line Items]
Income Taxes & Other Receivables		406	2,634
Fair Value		406	2,634
Fair Value, Inputs, Level 1 | Mutual Funds
Investment Holdings [Line Items]
Marketable Securities, Current	[1]	11,512	9,278
Marketable securities, non-current	[1]	140,330	132,134
Fair Value	[1]	151,842	141,412
Fair Value, Inputs, Level 1 | Equity Securities
Investment Holdings [Line Items]
Marketable Securities, Current		11,512	9,278
Marketable securities, non-current		140,330	132,134
Fair Value		151,842	141,412
Fair Value, Inputs, Level 1 | Cash
Investment Holdings [Line Items]
Cash and cash equivalents		451,359	611,795
Fair Value		451,359	611,795
Fair Value, Inputs, Level 1 | Money Market Funds
Investment Holdings [Line Items]
Cash and cash equivalents		89,627	71,763
Fair Value		$ 89,627	$ 71,763
[1]	These investments are held in trust for settlement of the Company’s vested obligations of $137.4 million and $124.6 million as of July 31, 2020 and April 30, 2020, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans

Financial Instruments - Finan_2

Financial Instruments - Financial Instruments and Balance Sheet Classification (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Investments Debt And Equity Securities [Abstract]
Obligations for which assets are held in trust	$ 137.4		$ 124.6
Gain on marketable securities	11.5	$ 1.9
Unvested obligations under deferred compensation plans	$ 24.1		$ 21.7

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Financial Instrument [Line Items]
Sale/maturities of available-for-sale marketable securities	$ 11,800,000	$ 0
Unrealized loss relates to equity securities			$ 8,200,000
Unrealized gains relates to equity securities	11,400,000
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts
Financial Instrument [Line Items]
Foreign currency gains (losses)	800,000	$ (1,600,000)
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Income Taxes And Other Receivables | Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount	86,300,000		91,200,000
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Income Taxes And Other Receivables | Derivatives Sold
Financial Instrument [Line Items]
Derivative notional amount	$ 46,200,000		$ 41,800,000
Available-for-sale Marketable Securities | Minimum
Financial Instrument [Line Items]
Marketable securities remaining maturity	1 month
Available-for-sale Marketable Securities | Maximum
Financial Instrument [Line Items]
Marketable securities remaining maturity	9 months

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Derivatives Not Designated as Hedge Instruments (Detail) - Not Designated as Hedge Instrument - Foreign Exchange Forward Contracts - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Derivative assets:
Fair Value of Derivative Assets	$ 2,309	$ 3,034
Derivative liabilities:
Fair Value of Derivative Liabilities	$ 1,903	$ 400

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
		Jul. 31, 2020	Jul. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 7,283	$ 5,456
Interest cost		1,033	1,393
Amortization of actuarial loss		997	745
Expected return on plan assets	[1]	(351)	(363)
Net periodic service credit amortization		(101)	(77)
Net periodic benefit costs	[2]	$ 8,861	$ 7,154
[1]	The expected long-term rate of return on plan assets was 6.00 % and % for July 31, 2020 and 201 9 , 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 operations.

Deferred Compensation and Ret_4

Deferred Compensation and Retirement Plans - Components of Net Periodic Benefits Costs (Parenthetical) (Detail)	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Expected long-term rate of return on plan assets	6.00%	6.00%

Deferred Compensation and Ret_5

Deferred Compensation and Retirement Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments	$ 2,105	$ 2,338
Recognized investment income (expense)	$ 11,500	1,900
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period	5 years
Gain (loss) on deferred compensation plan	$ 11,200	2,300
Minimum
Defined Benefit Plan Disclosure [Line Items]
Option to receive employee benefits by quarterly installments periods	1 year
Maximum
Defined Benefit Plan Disclosure [Line Items]
Option to receive employee benefits by quarterly installments periods	15 years
CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	$ 240,100		$ 238,700
Outstanding policy loans	91,700		$ 92,300
Increase in market value of the underlying COLI investments	$ 2,100	$ 2,300

Fee Revenue - Schedule of Contr

Fee Revenue - Schedule of Contract Asset and Liability (Detail) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Revenue From Contract With Customer [Abstract]
Contract assets-unbilled receivables	$ 75,677	$ 65,370
Contract liabilities-deferred revenue	$ 130,960	$ 133,128

Fee Revenue - Additional Inform

Fee Revenue - Additional Information (Detail) $ in Millions	3 Months Ended
	Jul. 31, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Contract liabilities, revenue recognized	$ 41.4
Revenue recognized, remaining performance obligation	$ 629.8
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) $ in Millions	3 Months Ended
	Jul. 31, 2020USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 629.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-08-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 247.3
Revenue, remaining performance obligation, expected timing of satisfaction, period	9 months
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	$ 210
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	$ 95.4
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 77.1
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, remaining performance obligation, expected timing of satisfaction, explanation	2024 and thereafter

Fee Revenue - Schedule of Disag

Fee Revenue - Schedule of Disaggregation of Fee Revenue by Industry (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 346,883	$ 496,198
Industrial
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 95,311	$ 138,312
Fee Revenue, Percentage	27.70%	28.50%
Financial Services
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 65,727	$ 86,212
Fee Revenue, Percentage	19.10%	17.80%
Life Sciences/Healthcare
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 65,450	$ 82,265
Fee Revenue, Percentage	19.00%	17.00%
Consumer Goods
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 44,778	$ 71,698
Fee Revenue, Percentage	13.00%	14.80%
Technology
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 49,324	$ 70,803
Fee Revenue, Percentage	14.40%	14.60%
Education/Non-Profit/General
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 23,507	$ 35,259
Fee Revenue, Percentage	6.80%	7.30%
Fee Revenue
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 344,097	$ 484,549
Fee Revenue, Percentage	100.00%	100.00%

Credit Losses - Summary of Acti

Credit Losses - Summary of Activity in Allowance for Credit Losses on Trade Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Credit Loss [Abstract]
Beginning Balance	$ 23,795
Provision for credit losses	4,626	$ 3,549
Write-offs	(2,697)
Recoveries of amounts previously written off	43
Foreign currency translation	802
Ending Balance	$ 26,569

Credit Losses - Schedule of Fai

Credit Losses - Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities (Detail) $ in Thousands	Jul. 31, 2020USD ($)
Commercial Paper
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less Than 12 Months, Fair Value	$ 8,390
Less Than 12 Months, Unrealized Loss	5
Commercial Paper | Marketable Securities Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Available For Sale Securities Debt Securities, Current	8,390
Corporate Notes/Bonds
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less Than 12 Months, Fair Value	10,321
Less Than 12 Months, Unrealized Loss	3
Corporate Notes/Bonds | Marketable Securities Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Available For Sale Securities Debt Securities, Current	$ 10,321

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ (8,672)	$ 14,453
Income tax (benefit) provision tax rate	21.90%	24.90%

Restructuring Charges, Net - Ad

Restructuring Charges, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net	$ 27,487
Restructuring liability included in other long-term liabilities	600		$ 600
Severance
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net	$ 27,500	$ 0

Restructuring Charges, Net - Ch

Restructuring Charges, Net - Changes In Restructuring Liability (Detail) $ in Thousands	3 Months Ended
	Jul. 31, 2020USD ($)
Restructuring And Related Activities [Abstract]
Restructuring Liability, Beginning balance	$ 34,153
Restructuring charges, net	27,487
Reductions for cash payments	(31,347)
Non-cash payments	(3,968)
Exchange rate fluctuations	2,207
Restructuring Liability, Ending balance	$ 28,532

Segments - Additional Informati

Segments - Additional Information (Detail)	3 Months Ended
	Jul. 31, 2020Segment
Segment Reporting [Abstract]
Number of global business segments	4

Segments - Financial Highlights

Segments - Financial Highlights by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 346,883	$ 496,198
Net (loss) income attributable to Korn Ferry	(30,833)	42,951
Net (loss) income attributable to noncontrolling interest	(22)	699
Other income, net	(11,162)	(1,826)
Interest expense, net	6,894	4,057
Income tax (benefit) provision	(8,672)	14,453
Operating (loss) income	(43,795)	60,334
Depreciation and amortization	15,035	12,777
Other income (loss), net	11,162	1,826
EBITDA	(17,598)
Integration/acquisition costs	737
Restructuring charges, net	27,487
Adjusted EBITDA	10,626
EBITDA and Adjusted EBITDA		74,937
Fee Revenue
Segment Reporting Information [Line Items]
Total revenue	344,097	484,549
Operating Segments | Consulting
Segment Reporting Information [Line Items]
Total revenue	99,590	141,336
Operating (loss) income	(10,927)	11,783
Depreciation and amortization	4,009	4,414
Other income (loss), net	788	525
EBITDA	(6,130)
Restructuring charges, net	12,734
Adjusted EBITDA	6,604
EBITDA and Adjusted EBITDA		16,722
Operating Segments | Digital
Segment Reporting Information [Line Items]
Total revenue	56,022	57,984
Operating (loss) income	(2,627)	14,008
Depreciation and amortization	6,726	3,639
Other income (loss), net	418	201
EBITDA	4,517
Integration/acquisition costs	556
Restructuring charges, net	2,870
Adjusted EBITDA	7,943
EBITDA and Adjusted EBITDA		17,848
Operating Segments | Executive Search
Segment Reporting Information [Line Items]
Total revenue	120,886	198,013
Operating (loss) income	(12,310)	45,636
Depreciation and amortization	1,569	2,031
Other income (loss), net	9,635	1,224
EBITDA	(1,106)
Restructuring charges, net	9,160
Adjusted EBITDA	8,054
EBITDA and Adjusted EBITDA		48,891
Operating Segments | Executive Search | North America
Segment Reporting Information [Line Items]
Total revenue	69,856	115,446
Operating (loss) income	(5,735)	30,322
Depreciation and amortization	730	901
Other income (loss), net	9,342	1,140
EBITDA	4,337
Restructuring charges, net	975
Adjusted EBITDA	5,312
EBITDA and Adjusted EBITDA		32,363
Operating Segments | Executive Search | EMEA
Segment Reporting Information [Line Items]
Total revenue	30,195	47,312
Operating (loss) income	(6,219)	7,311
Depreciation and amortization	362	456
Other income (loss), net	19	12
EBITDA	(5,838)
Restructuring charges, net	7,548
Adjusted EBITDA	1,710
EBITDA and Adjusted EBITDA		7,779
Operating Segments | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	17,340	27,668
Operating (loss) income	861	6,993
Depreciation and amortization	275	346
Other income (loss), net	226	15
EBITDA	1,362
Restructuring charges, net	232
Adjusted EBITDA	1,594
EBITDA and Adjusted EBITDA		7,354
Operating Segments | Executive Search | Latin America
Segment Reporting Information [Line Items]
Total revenue	3,495	7,587
Operating (loss) income	(1,217)	1,010
Depreciation and amortization	202	328
Other income (loss), net	48	57
EBITDA	(967)
Restructuring charges, net	405
Adjusted EBITDA	(562)
EBITDA and Adjusted EBITDA		1,395
Operating Segments | RPO & Professional Search
Segment Reporting Information [Line Items]
Total revenue	70,385	98,865
Operating (loss) income	2,165	15,041
Depreciation and amortization	940	992
Other income (loss), net	196	74
EBITDA	3,301
Restructuring charges, net	2,723
Adjusted EBITDA	6,024
EBITDA and Adjusted EBITDA		16,107
Operating Segments | Fee Revenue | Consulting
Segment Reporting Information [Line Items]
Total revenue	99,318	137,542
Operating Segments | Fee Revenue | Digital
Segment Reporting Information [Line Items]
Total revenue	55,973	57,984
Operating Segments | Fee Revenue | Executive Search
Segment Reporting Information [Line Items]
Total revenue	120,143	193,199
Operating Segments | Fee Revenue | Executive Search | North America
Segment Reporting Information [Line Items]
Total revenue	69,315	111,722
Operating Segments | Fee Revenue | Executive Search | EMEA
Segment Reporting Information [Line Items]
Total revenue	30,081	46,530
Operating Segments | Fee Revenue | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	17,252	27,362
Operating Segments | Fee Revenue | Executive Search | Latin America
Segment Reporting Information [Line Items]
Total revenue	3,495	7,585
Operating Segments | Fee Revenue | RPO & Professional Search
Segment Reporting Information [Line Items]
Total revenue	68,663	95,824
Corporate
Segment Reporting Information [Line Items]
Operating (loss) income	(20,096)	(26,134)
Depreciation and amortization	1,791	1,701
Other income (loss), net	125	(198)
EBITDA	(18,180)
Integration/acquisition costs	181
Adjusted EBITDA	$ (17,999)
EBITDA and Adjusted EBITDA		$ (24,631)

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Dec. 16, 2019	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2020
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity		$ 646,000,000		$ 646,000,000
Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		4,000,000		4,000,000
Standby Letters of Credit | Other Financial Institutions
Debt Instrument [Line Items]
Long-term debt arrangement		$ 11,500,000		11,300,000
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%
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		$ 410,500,000		372,500,000
4.625% Senior Unsecured Notes due 2027 | Maximum
Debt Instrument [Line Items]
Leverage ratio to be attained for payment of dividends	3.50
Redemption before December 15, 2022
Debt Instrument [Line Items]
Percentage of principal amount redeemable with equity offering proceeds	35.00%
Percentage of principal amount of debt redeemed	104.625%
Credit Agreement
Debt Instrument [Line Items]
Credit agreement initiation date	Dec. 16, 2019
Average interest rate			3.69%
Unamortized debt issuance costs		$ 4,000,000		4,200,000
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
Credit Agreement | Maximum
Debt Instrument [Line Items]
Leverage ratio to be attained for payment of dividends	4.25
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	3 Months Ended
	Jul. 31, 2020
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	Jul. 31, 2020	Apr. 30, 2020
Debt Instrument [Line Items]
Long-term borrowings, net of unamortized discount and debt issuance costs	$ 394,303	$ 394,144
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Less: Unamortized discount and issuance costs	(5,697)	(5,856)
Long-term borrowings, net of unamortized discount and debt issuance costs	394,303	394,144
4.625% Senior Unsecured Notes due 2027 | Senior Unsecured Notes
Debt Instrument [Line Items]
Long-term debt	$ 400,000	$ 400,000

Leases - Additional Information

Leases - Additional Information (Detail)	3 Months Ended
	Jul. 31, 2020
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
Minimum
Lessee Lease Description [Line Items]
Lessee operating lease, term of contract	1 year
Lessee finance lease, term of contract	1 year
Maximum
Lessee Lease Description [Line Items]
Lessee operating lease, term of contract	10 years
Lessee finance lease, term of contract	5 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Finance lease cost
Amortization of ROU assets	$ 338	$ 470
Interest on lease liabilities	31	40
Finance lease cost	369	510
Operating lease cost	13,983	14,227
Short-term lease cost	108	279
Variable lease cost	2,407	2,893
Sublease income	(80)	(54)
Total lease cost	$ 16,787	$ 17,855

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 15,000	$ 14,909
Financing cash flows from finance leases	331	432
ROU assets obtained in exchange for lease obligations:
Operating leases	1,901	935
Finance leases	$ 435	$ 513

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Finance Leases:
Property and equipment, at cost	$ 4,811	$ 4,281
Accumulated depreciation	(1,806)	(1,485)
Property and equipment, net	3,005	$ 2,796
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		us-gaap:PropertyPlantAndEquipmentNet
Other accrued liabilities	1,191	$ 1,241
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]		us-gaap:OtherAccruedLiabilitiesCurrent
Other liabilities	1,945	$ 1,634
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]		us-gaap:OtherLiabilitiesNoncurrent
Total finance lease liabilities	$ 3,136	$ 2,875
Weighted average remaining lease terms:
Operating leases	5 years 3 months 18 days	5 years 6 months
Finance leases	3 years 2 months 12 days	2 years 10 months 24 days
Weighted average discount rate:
Operating leases	4.80%	4.80%
Finance leases	4.20%	4.10%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2020
Operating
2021 (excluding the three months ended July 31, 2020)	$ 51,043
2022	52,486
2023	44,329
2024	37,567
2025	32,177
Thereafter	45,374
Total lease payments	262,976
Less: imputed interest	32,172
Total	230,804
Financing
2021 (excluding the three months ended July 31, 2020)	1,010
2022	1,048
2023	750
2024	408
2025	122
Total lease payments	3,338
Less: imputed interest	202
Total	$ 3,136	$ 2,875

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event - Dividend Declared	Sep. 02, 2020$ / shares
Subsequent Event [Line Items]
Dividends payable, declared date	Sep. 2, 2020
Dividends payable, per share amount	$ 0.10
Dividends payable, payable date	Oct. 15, 2020
Dividends declared, record date	Sep. 25, 2020