Korn Ferry (KFY) 10-Q 9 Dec 20 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2020	Dec. 02, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
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		53,937,912
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	Oct. 31, 2020	Apr. 30, 2020
ASSETS
Cash and cash equivalents	$ 553,109	$ 689,244
Marketable securities	47,719	41,951
Receivables due from clients, net of allowance for doubtful accounts of $27,853 and $23,795 at October 31, 2020 and April 30, 2020, respectively	435,393	397,165
Income taxes and other receivables	52,995	38,755
Unearned compensation	50,688	43,117
Prepaid expenses and other assets	30,984	26,851
Total current assets	1,170,888	1,237,083
Marketable securities, non-current	146,625	132,134
Property and equipment, net	136,035	142,728
Operating lease right-of-use assets, net	183,926	195,077
Cash surrender value of company-owned life insurance policies, net of loans	150,190	146,408
Deferred income taxes	49,908	55,479
Goodwill	621,560	613,943
Intangible assets, net	102,351	111,926
Unearned compensation, non-current	105,569	79,510
Investments and other assets	25,590	29,540
Total assets	2,692,642	2,743,828
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	37,639	45,684
Income taxes payable	10,591	21,158
Compensation and benefits payable	247,016	280,911
Operating lease liability, current	51,961	54,851
Other accrued liabilities	211,704	221,603
Total current liabilities	558,911	624,207
Deferred compensation and other retirement plans	312,187	289,136
Operating lease liability, non-current	167,116	180,766
Long-term debt	394,465	394,144
Deferred tax liabilities	556	1,056
Other liabilities	37,885	30,828
Total liabilities	1,471,120	1,520,137
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 74,845 and 73,205 shares issued and 54,153 and 54,450 shares outstanding at October 31, 2020 and April 30, 2020, respectively	575,103	585,560
Retained earnings	728,524	742,993
Accumulated other comprehensive loss, net	(83,655)	(107,172)
Total Korn Ferry stockholders' equity	1,219,972	1,221,381
Noncontrolling interest	1,550	2,310
Total stockholders' equity	1,221,522	1,223,691
Total liabilities and stockholders' equity	$ 2,692,642	$ 2,743,828

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2020	Apr. 30, 2020
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 27,853	$ 23,795
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	74,845,000	73,205,000
Common stock, shares outstanding	54,153,000	54,450,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Total revenue	$ 437,789	$ 504,177	$ 784,672	$ 1,000,375
Compensation and benefits	307,185	337,382	591,197	665,878
General and administrative expenses	46,476	62,009	93,565	127,816
Depreciation and amortization	15,298	12,715	30,333	25,492
Restructuring charges, net	2,407		29,894
Total operating expenses	389,617	442,308	780,295	878,172
Operating income	48,172	61,869	4,377	122,203
Other income, net	277	1,133	11,439	2,959
Interest expense, net	(7,494)	(4,210)	(14,388)	(8,267)
Income before provision for income taxes	40,955	58,792	1,428	116,895
Income tax provision	12,877	15,760	4,205	30,213
Net income (loss)	28,078	43,032	(2,777)	86,682
Net income attributable to noncontrolling interest	(300)	(228)	(278)	(927)
Net income (loss) attributable to Korn Ferry	$ 27,778	$ 42,804	$ (3,055)	$ 85,755
Earnings (loss) per common share attributable to Korn Ferry:
Basic	$ 0.51	$ 0.78	$ (0.06)	$ 1.54
Diluted	$ 0.51	$ 0.77	$ (0.06)	$ 1.54
Weighted-average common shares outstanding:
Basic	53,229	54,568	53,246	54,917
Diluted	53,390	54,716	53,246	55,170
Cash dividends declared per share:	$ 0.10	$ 0.10	$ 0.20	$ 0.20
Fee Revenue
Total revenue	$ 435,439	$ 492,389	$ 779,536	$ 976,938
Cost of services	15,901	18,414	30,170	35,549
Reimbursed Out Of Pocket Engagement Expenses
Total revenue	2,350	11,788	5,136	23,437
Reimbursed Expenses
Cost of services	$ 2,350	$ 11,788	$ 5,136	$ 23,437

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 28,078	$ 43,032	$ (2,777)	$ 86,682
Other comprehensive income:
Foreign currency translation adjustments	(2,719)	1,213	22,303	(4,085)
Deferred compensation and pension plan adjustments, net of tax	683	495	1,325	990
Net unrealized loss on marketable securities, net of tax	(25)		(34)
Net unrealized loss on interest rate swap, net of tax		(356)		(951)
Comprehensive income	26,017	44,384	20,817	82,636
Less: comprehensive income attributable to noncontrolling interest	(302)	(112)	(355)	(875)
Comprehensive income attributable to Korn Ferry	$ 25,715	$ 44,272	$ 20,462	$ 81,761

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 income (loss)	43,650		42,951		42,951	699
Other comprehensive (loss) income	(5,398)			(5,462)	(5,462)	64
Dividends paid to shareholders	(6,081)		(6,081)		(6,081)
Purchase of stock	(21,329)	$ (21,329)			(21,329)
Purchase of stock, shares		(546)
Issuance of stock	5,074	$ 5,074			5,074
Issuance of stock (shares)		711
Stock-based compensation	5,091	$ 5,091			5,091
Ending Balance at Jul. 31, 2019	1,264,394	$ 645,299	697,715	(82,114)	1,260,900	3,494
Ending Balance, Shares at Jul. 31, 2019		56,596
Beginning Balance at Apr. 30, 2019	1,243,387	$ 656,463	660,845	(76,652)	1,240,656	2,731
Beginning Balance, Shares at Apr. 30, 2019		56,431
Net income (loss)	86,682
Ending Balance at Oct. 31, 2019	1,258,491	$ 601,686	734,891	(80,646)	1,255,931	2,560
Ending Balance, Shares at Oct. 31, 2019		55,315
Beginning Balance at Jul. 31, 2019	1,264,394	$ 645,299	697,715	(82,114)	1,260,900	3,494
Beginning Balance, Shares at Jul. 31, 2019		56,596
Net income (loss)	43,032		42,804		42,804	228
Other comprehensive (loss) income	1,352			1,468	1,468	(116)
Dividends paid to shareholders	(5,628)		(5,628)		(5,628)
Dividends to noncontrolling interest	(1,046)					(1,046)
Purchase of stock	(49,325)	$ (49,325)			(49,325)
Purchase of stock, shares		(1,313)
Issuance of stock (shares)		32
Stock-based compensation	5,712	$ 5,712			5,712
Ending Balance at Oct. 31, 2019	1,258,491	$ 601,686	734,891	(80,646)	1,255,931	2,560
Ending Balance, Shares at Oct. 31, 2019		55,315
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 income (loss)	$ (30,855)		(30,833)		(30,833)	(22)
Other comprehensive (loss) income	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
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 income (loss)	$ (2,777)
Ending Balance at Oct. 31, 2020	$ 1,221,522	$ 575,103	728,524	(83,655)	1,219,972	1,550
Ending Balance, Shares at Oct. 31, 2020	54,153	54,153
Beginning Balance at Jul. 31, 2020	$ 1,218,021	$ 590,897	706,353	(81,592)	1,215,658	2,363
Beginning Balance, Shares at Jul. 31, 2020		54,869
Net income (loss)	28,078		27,778		27,778	300
Other comprehensive (loss) income	(2,061)			(2,063)	(2,063)	2
Dividends paid to shareholders	(5,607)		(5,607)		(5,607)
Dividends to noncontrolling interest	(1,115)					(1,115)
Purchase of stock	(22,878)	$ (22,878)			(22,878)
Purchase of stock, shares		(757)
Issuance of stock (shares)		41
Stock-based compensation	7,084	$ 7,084			7,084
Ending Balance at Oct. 31, 2020	$ 1,221,522	$ 575,103	$ 728,524	$ (83,655)	$ 1,219,972	$ 1,550
Ending Balance, Shares at Oct. 31, 2020	54,153	54,153

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (2,777)	$ 86,682
Adjustments to reconcile net (loss) income to net cash used by operating activities:
Depreciation and amortization	30,333	25,492
Stock-based compensation expense	13,195	11,520
Provision for doubtful accounts	7,993	7,150
Gain on cash surrender value of life insurance policies	(3,899)	(4,209)
Gain on marketable securities	(12,025)	(3,121)
Deferred income taxes	5,071	6,402
Change in other assets and liabilities:
Deferred compensation	22,670	14,817
Receivables due from clients	(46,221)	(60,556)
Income taxes and other receivables	(13,755)	(13,468)
Prepaid expenses and other assets	(4,135)	(8,140)
Unearned compensation	(33,630)	(26,576)
Income taxes payable	(11,964)	(6,139)
Accounts payable and accrued liabilities	(52,622)	(133,444)
Other	9,716	(508)
Net cash used in operating activities	(92,050)	(104,098)
Cash flows from investing activities:
Purchase of property and equipment	(15,329)	(23,817)
Purchase of marketable securities	(40,572)	(3,826)
Proceeds from sales/maturities of marketable securities	32,343	3,016
Premium on company-owned life insurance policies	(361)	(355)
Proceeds from life insurance policies	591	1,999
Dividends received from unconsolidated subsidiaries		166
Net cash used in investing activities	(23,328)	(22,817)
Cash flows from financing activities:
Proceeds from long term debt		50,000
Payments of tax withholdings on restricted stock	(4,550)	(8,725)
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	(664)	(927)
Dividends paid to shareholders	(11,414)	(11,709)
Dividends - noncontrolling interest	(558)	(1,046)
Repurchases of common stock	(22,770)	(61,929)
Payment of contingent consideration from acquisitions		(455)
Net cash used in financing activities	(37,181)	(31,421)
Effect of exchange rate changes on cash and cash equivalents	16,424	(3,601)
Net decrease in cash and cash equivalents	(136,135)	(161,937)
Cash and cash equivalents at beginning of period	689,244	626,360
Cash and cash equivalents at end of the period	$ 553,109	$ 464,423

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Oct. 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 October 31, 2020 and April 30, 2020, the Company’s investments in cash equivalents consisted of money market funds and also included commercial paper and 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 investments that the Company may sell within the next 12 months are carried as current assets. 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, corporate notes/bonds and US Treasury and Agency securities. 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 October 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 six months ended October 31, 2020, the Company recorded an adjustment of $2.6 million to increase goodwill as a result of additional tax liabilities from the Miller Heiman Group, Achieve Forum and Strategy Execution (the “Acquired Companies”) acquisition completed on November 1, 2019. The measurement period for the Acquired Companies is now closed. 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 six months ended October 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). Goodwill is tested for impairment annually and more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. 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 October 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 two quarters of fiscal 2021 and it is anticipated to impact the business going forward. The Company reviewed its intangible assets and noted no impairment as of October 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 $132.0 million and $117.4 million during the six months ended October 31, 2020 and 2019, respectively, included in compensation and benefits expense in the consolidated statements of operations. During the three months ended October 31, 2020 and 2019, the performance related bonus expense was $72.1 million and $64.4 million, respectively. Other expenses included in compensation and benefits expense are due to changes in deferred compensation and pension plan liabilities, changes in cash surrender value (“CSV”) of company-owned life insurance (“COLI”) contracts, amortization of stock 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 Earnings (Los

Basic and Diluted Earnings (Loss) Per Share	6 Months Ended
	Oct. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings (Loss) Per Share	2. Basic and Diluted Earnings (Loss) Per Share ASC 260, Earnings Per Share Basic earnings (loss) per common share was computed using the two-class method by dividing basic net earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per common share was computed using the two-class method by dividing diluted net earnings (loss) 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 six months ended October 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 and six months ended October 31, 2020, restricted stock awards of 1.6 million and 2.0 million were outstanding, respectively, but not included in the computation of diluted earnings (loss) per share because they were anti-dilutive. The following table summarizes basic and diluted earnings (loss) per common share attributable to common stockholders: Three Months Ended October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands, except per share data) Net income (loss) attributable to Korn Ferry $ 27,778 $ 42,804 $ (3,055 ) $ 85,755 Less: distributed and undistributed earnings to nonvested restricted stockholders 730 466 289 910 Basic net earnings (loss) attributable to common stockholders 27,048 42,338 (3,344 ) 84,845 Add: undistributed earnings to nonvested restricted stockholders 585 406 — 792 Less: reallocation of undistributed earnings to nonvested restricted stockholders 583 405 — 788 Diluted net earnings (loss) attributable to common stockholders $ 27,050 $ 42,339 $ (3,344 ) $ 84,849 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 53,229 54,568 53,246 54,917 Effect of dilutive securities: Restricted stock 154 138 — 228 ESPP 7 10 — 25 Diluted weighted-average number of common shares outstanding 53,390 54,716 53,246 55,170 Net earnings (loss) per common share: Basic earnings (loss) per share $ 0.51 $ 0.78 $ (0.06 ) $ 1.54 Diluted earnings (loss) per share $ 0.51 $ 0.77 $ (0.06 ) $ 1.54

Comprehensive Income

Comprehensive Income	6 Months Ended
	Oct. 31, 2020
Equity [Abstract]
Comprehensive Income	3. Comprehensive Income Comprehensive income is comprised of net income (loss) and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid in capital) and distributions to stockholders (dividends) and is reported in the accompanying consolidated statements of comprehensive income. 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: October 31, 2020 April 30, 2020 (in thousands) Foreign currency translation adjustments $ (61,426 ) $ (83,652 ) Deferred compensation and pension plan adjustments, net of tax (22,229 ) (23,554 ) Marketable securities unrealized gain, net of tax — 34 Accumulated other comprehensive loss, net $ (83,655 ) $ (107,172 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 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 July 31, 2020 $ (58,705 ) $ (22,912 ) $ 25 $ (81,592 ) Unrealized losses arising during the period (2,721 ) — (25 ) (2,746 ) Reclassification of realized net losses to net income — 683 — 683 Balance as of October 31, 2020 $ (61,426 ) $ (22,229 ) $ — $ (83,655 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 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 22,226 — (34 ) 22,192 Reclassification of realized net losses to net income — 1,325 — 1,325 Balance as of October 31, 2020 $ (61,426 ) $ (22,229 ) $ — $ (83,655 ) (1) The tax effect on the reclassifications of realized net losses was $0.2 million and $0.5 million for the three and six months ended October 31, 2020, respectively. The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 31, 2019: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Losses on Interest Rate Swap (2) Accumulated Other Comprehensive Loss (in thousands) Balance as of July 31, 2019 $ (65,632 ) $ (16,343 ) $ (139 ) $ (82,114 ) Unrealized gains (losses) arising during the period 1,329 — (315 ) 1,014 Reclassification of realized net losses (gains) to net income — 495 (41 ) 454 Balance as of October 31, 2019 $ (64,303 ) $ (15,848 ) $ (495 ) $ (80,646 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 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 (4,033 ) — (806 ) (4,839 ) Reclassification of realized net losses (gains) to net income — 990 (145 ) 845 Balance as of October 31, 2019 $ (64,303 ) $ (15,848 ) $ (495 ) $ (80,646 ) (1) The tax effect on the reclassifications of realized net losses was $0.2 million and $0.3 million for the three and six months ended October 31, 2019, respectively. (2) The tax effect on unrealized losses was $0.1 million and $0.3 million for the three and six months ended October 31, 2019, respectively.

Employee Stock Plans

Employee Stock Plans	6 Months Ended
	Oct. 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 October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands) Restricted stock $ 7,084 $ 5,712 $ 12,897 $ 10,803 ESPP 146 346 298 717 Total stock-based compensation expense $ 7,230 $ 6,058 $ 13,195 $ 11,520 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 six months ended October 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 1,579 $ 27.27 Vested (492 ) $ 39.99 Forfeited/expired (67 ) $ 17.86 Non-vested, October 31, 2020 2,385 $ 34.22 As of October 31, 2020 there were 0.3 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $6.8 million. As of October 31, 2020, there was $63.7 million of total unrecognized compensation cost related to all non-vested awards of restricted stock, which is expected to be recognized over a weighted-average period of 3.0 years. During the three and six months ended October 31, 2020, 3,619 shares and 164,646, shares of restricted stock totaling $0.1 million and $4.5 million, respectively, were repurchased by the Company, at the option of employees, to pay for taxes related to the vesting of restricted stock. During the three and six months ended October 31, 2019, 3,582 shares and 225,236 shares of restricted stock totaling $0.1 million and $8.7 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 October 31, 2020 and 2019, no shares were purchased under the ESPP. During the six months ended October 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 October 31, 2020, the ESPP had approximately 0.6 million shares remaining available for future issuance. Common Stock During the three and six months ended October 31, 2020, the Company repurchased (on the open market or through privately negotiated transactions) 753,451 shares of the Company’s stock for $22.8 million. During the three and six months ended October 31, 2019 , the Company repurchased (on the open market or through privately negotiated transactions) 1,309,092 shares and 1,633,192 shares of the Company’s common stock for $ 49.2 million and $ 61.9 million, respectively.

Financial Instruments

Financial Instruments	6 Months Ended
	Oct. 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 October 31, 2020 and April 30, 2020: October 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 Other Accrued Liabilities (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 21,386 $ 3 $ (3 ) $ 21,386 $ — $ 21,386 $ — $ — Corporate notes/bonds 16,890 7 (6 ) 16,891 — 16,891 — — U.S. Treasury and Agency securities 1,975 — (1 ) 1,974 — 1,974 — — Total debt investments $ 40,251 $ 10 $ (10 ) $ 40,251 $ — $ 40,251 $ — $ — Changes in Fair Value Recorded in Net Loss Level 1: Mutual funds (1) $ 154,093 $ — $ 7,468 $ 146,625 $ — Total $ 154,093 $ — $ 7,468 $ 146,625 $ — Cash 463,916 463,916 — — — Money market funds 89,193 89,193 — — — Level 2: Foreign currency forward contracts (113 ) — — — (113 ) Total $ 747,340 $ 553,109 $ 47,719 $ 146,625 $ (113 ) 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 $133.8 million and $ 124.6 million as of October 31, 2020 and April 30, 2020 , respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans ). Unvested obligations under the deferred compensation plans totaled $24.4 million and $ million as of October 31, 2020 and April 30, 2020 , respectively. During the three and six months ended October 31, 2020 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ million, respectively, which was recorded in other income, net. During the three and six months ended October 31, 2019 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ 3.1 million, respectively, which was recorded in other income, net . Investments in marketable securities classified as available-for-sale securities are made based on the Company’s investment policy, which restricts the types of investments that can be made. As of October 31, 2020 and April 30, 2020, marketable securities classified as available-for-sale consisted of commercial paper, corporate notes/bonds and US Treasury and Agency securities for which market prices for similar assets are readily available. there were $16.7 million and $28.4 million in sales/maturities of available-for-sale marketable securities, respectively. During the three and six months ended October 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: October 31, 2020 April 30, 2020 (in thousands) Derivative assets: Foreign currency forward contracts $ 718 $ 3,034 Derivative liabilities: Foreign currency forward contracts $ 831 $ 400 As of October 31, 2020, the total notional amounts of the forward contracts purchased and sold were $85.1 million and $49.2 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 and six months ended October 31, 2020, the Company incurred losses of $0.5 million and gains of $0.3 million, respectively, related to forward contracts, which are recorded in general and administrative expenses in the accompanying consolidated statements of operations. These foreign currency losses and gains offset foreign currency gains and losses that result from transactions denominated in a currency other than the Company’s functional currency. During the three and six months ended October 31, 2019, the Company incurred gains of $2.1 million and $0.5 million, respectively, related to forward contracts, which are 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.

Deferred Compensation and Retir

Deferred Compensation and Retirement Plans	6 Months Ended
	Oct. 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 October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands) Service cost $ 8,197 $ 6,474 $ 15,480 $ 11,930 Interest cost 1,047 1,422 2,080 2,815 Amortization of actuarial loss 996 745 1,993 1,490 Expected return on plan assets (1) (351 ) (363 ) (702 ) (726 ) Net periodic service credit amortization (102 ) (77 ) (203 ) (154 ) Net periodic benefit costs (2) $ 9,787 $ 8,201 $ 18,648 $ 15,355 (1) The expected long-term rate of return on plan assets was 6.00% and 6.00% for October 31, 2020 and 2019, respectively. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the consolidated statements of 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 $241.9 and $238.7 million as of October 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 and six months ended October 31, 2020, deferred compensation liability increased; therefore, the Company recognized compensation expense of $0.6 million and $11.8 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 $0.6 million and $12.0 million during the three and six months ended October 31, 2020, respectively, recorded in other income, net on the consolidated statements of operations. During the three and six months ended October 31, 2019, deferred compensation liability increased; therefore, the Company recognized compensation expense of $1.3 million and $3.5 million, respectively. Offsetting the increases in compensation and benefits expenses was an increase in the fair value of marketable securities (held in trust to satisfy obligations of the ECAP liabilities) of $1.2 million and $3.1 million during the three and six months ended October 31, 2019, respectively, recorded in other income, net on the consolidated statements of operations (see Note 5— Financial Instruments

Fee Revenue

Fee Revenue	6 Months Ended
	Oct. 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 October 31, 2020 and April 30, 2020: October 31, 2020 April 30, 2020 (in thousands) Contract assets-unbilled receivables $ 88,937 $ 65,370 Contract liabilities-deferred revenue $ 143,620 $ 133,128 During the six months ended October 31, 2020, the Company recognized revenue of $66.0 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 October 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 $679.2 million. Of the $679.2 million of remaining performance obligations, the Company expects to recognize approximately $194.7 million in the remainder of fiscal 2021, $260.5 million in fiscal 2022, $129.7 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 October 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 119,380 27.4 % $ 141,066 28.6 % Financial Services 82,918 19.0 85,188 17.3 Life Sciences/Healthcare 83,413 19.2 89,085 18.1 Consumer Goods 60,737 13.9 75,712 15.4 Technology 64,691 14.9 70,499 14.3 Education/Non-Profit/General 24,300 5.6 30,839 6.3 Fee Revenue $ 435,439 100.0 % $ 492,389 100.0 % Six Months Ended October 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 214,691 27.6 % $ 279,378 28.6 % Financial Services 148,645 19.1 171,400 17.5 Life Sciences/Healthcare 148,863 19.1 171,350 17.5 Consumer Goods 105,515 13.5 147,410 15.1 Technology 114,015 14.6 141,302 14.5 Education/Non-Profit/General 47,807 6.1 66,098 6.8 Fee Revenue $ 779,536 100.0 % $ 976,938 100.0 %

Credit Losses

Credit Losses	6 Months Ended
	Oct. 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 7,993 Write-offs (4,823 ) Recoveries of amounts previously written off 206 Foreign currency translation 682 Balance at October 31, 2020 $ 27,853 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 October 31, 2020 Fair Value Unrealized Loss Cash and Cash Equivalents Marketable Securities, Current (in thousands) Commercial paper $ 15,988 $ 3 $ — $ 15,988 Corporate notes/bonds $ 10,470 $ 6 $ — $ 10,470 U.S. Treasury and Agency Securities $ 1,974 $ 1 $ — $ 1,974 The unrealized losses on nine investments in Commercial paper securities, six investments in Corporate notes/bonds and one investment in US Treasury and Agency securities 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	6 Months Ended
	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The provision for income tax was an expense of $12.9 million and $4.2 million in the three and six months ended October 31, 2020, respectively, with an effective tax rate of 31.4% and 294.5%, respectively. For the three months ended July 31, 2020, the Company used an actual year-to-date effective tax rate as the best estimate of the annual effective tax rate because

Restructuring Charges, Net

Restructuring Charges, Net	6 Months Ended
	Oct. 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. There were no new such actions in the second quarter. Rather, the Company completed the actions initiated in prior quarters and made adjustments to previously recorded restructuring accruals resulting in restructuring charges, net of $2.4 million and $29.9 million in the three and six months ended October 31, 2020 across all lines of business relating to severance for positions that were eliminated. There were no restructuring charges in the three and six months ended October 31, 2019. Changes in the restructuring liability during the three months ended October 31, 2020 were as follows: Restructuring Liability (in thousands) As of July 31, 2020 $ 28,532 Restructuring charges, net 2,407 Reductions for cash payments (13,812 ) Exchange rate fluctuations (297 ) As of October 31, 2020 $ 16,830 Changes in the restructuring liability during the six months ended October 31, 2020 were as follows: Restructuring Liability (in thousands) As of April 30, 2020 $ 34,153 Restructuring charges, net 29,894 Reductions for cash payments (45,159 ) Non-cash payments (3,968 ) Exchange rate fluctuations 1,910 As of October 31, 2020 $ 16,830 As of October 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	6 Months Ended
	Oct. 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 re cast to conform to the new segment reporting. The Company operates through four global segments: 1. Consulting 2. Digital 3. Executive Search 4. RPO and Professional Search Executive Search is managed by geographic regional leaders. Worldwide operations for Consulting, Digital, and RPO and Professional Search are managed by their Chief Executive Officers. The Executive Search geographic regional leaders and the Chief Executive Officers of Consulting, Digital, and RPO & 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 October 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 126,685 $ 75,043 $ 91,168 $ 31,629 $ 20,807 $ 4,456 $ 148,060 $ 85,651 $ — $ 435,439 Total revenue $ 127,051 $ 75,038 $ 91,609 $ 31,714 $ 20,820 $ 4,456 $ 148,599 $ 87,101 $ — $ 437,789 Net income attributable to Korn Ferry $ 27,778 Net income attributable to noncontrolling interest 300 Other income net (277 ) Interest expense, net 7,494 Income tax provision 12,877 Operating income (loss) $ 14,621 $ 15,823 $ 20,491 $ 1,509 $ 3,253 $ 375 $ 25,628 $ 12,502 $ (20,402 ) $ 48,172 Depreciation and amortization 4,063 7,005 716 355 250 202 1,523 945 1,762 15,298 Other income (loss), net 336 202 (9 ) 31 166 7 195 24 (480 ) 277 EBITDA 19,020 23,030 21,198 1,895 3,669 584 27,346 13,471 (19,120 ) 63,747 Restructuring, charges, net 1,143 54 (12 ) 922 (28 ) — 882 328 — 2,407 Adjusted EBITDA $ 20,163 $ 23,084 $ 21,186 $ 2,817 $ 3,641 $ 584 $ 28,228 $ 13,799 $ (19,120 ) $ 66,154 Three Months Ended October 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 144,036 $ 65,724 $ 113,818 $ 39,821 $ 25,944 $ 8,272 $ 187,855 $ 94,774 $ — $ 492,389 Total revenue $ 148,198 $ 65,724 $ 117,077 $ 40,441 $ 26,168 $ 8,273 $ 191,959 $ 98,296 $ — $ 504,177 Net income attributable to Korn Ferry $ 42,804 Net income attributable to noncontrolling interest 228 Other income, net (1,133 ) Interest expense, net 4,210 Income tax provision 15,760 Operating income (loss) $ 9,826 $ 18,565 $ 28,124 $ 6,511 $ 5,803 $ 791 $ 41,229 $ 15,094 $ (22,845 ) $ 61,869 Depreciation and amortization 4,357 3,685 869 450 329 315 1,963 990 1,720 12,715 Other income (loss), net 386 134 637 107 72 30 846 54 (287 ) 1,133 EBITDA 14,569 22,384 29,630 7,068 6,204 1,136 44,038 16,138 (21,412 ) 75,717 Integration/acquisition costs — — — — — — — — 2,615 2,615 Adjusted EBITDA $ 14,569 $ 22,384 $ 29,630 $ 7,068 $ 6,204 $ 1,136 $ 44,038 $ 16,138 $ (18,797 ) $ 78,332 Six Months Ended October 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 226,003 $ 131,016 $ 160,483 $ 61,710 $ 38,059 $ 7,951 $ 268,203 $ 154,314 $ — $ 779,536 Total revenue $ 226,641 $ 131,060 $ 161,465 $ 61,909 $ 38,160 $ 7,951 $ 269,485 $ 157,486 $ — $ 784,672 Net loss attributable to Korn Ferry $ (3,055 ) Net income attributable to noncontrolling interest 278 Other income, net (11,439 ) Interest expense, net 14,388 Income tax provision 4,205 Operating income (loss) $ 3,694 $ 13,196 $ 14,756 $ (4,710 ) $ 4,114 $ (842 ) $ 13,318 $ 14,667 $ (40,498 ) $ 4,377 Depreciation and amortization 8,072 13,731 1,446 717 525 404 3,092 1,885 3,553 30,333 Other income (loss), net 1,124 620 9,333 50 392 55 9,830 220 (355 ) 11,439 EBITDA 12,890 27,547 25,535 (3,943 ) 5,031 (383 ) 26,240 16,772 (37,300 ) 46,149 Integration/acquisition costs — 556 — — — — — — 181 737 Restructuring charges, net 13,877 2,924 963 8,470 204 405 10,042 3,051 — 29,894 Adjusted EBITDA $ 26,767 $ 31,027 $ 26,498 $ 4,527 $ 5,235 $ 22 $ 36,282 $ 19,823 $ (37,119 ) $ 76,780 Six Months Ended October 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 281,578 $ 123,708 $ 225,540 $ 86,351 $ 53,306 $ 15,857 $ 381,054 $ 190,598 $ — $ 976,938 Total revenue $ 289,534 $ 123,708 $ 232,523 $ 87,753 $ 53,836 $ 15,860 $ 389,972 $ 197,161 $ — $ 1,000,375 Net income attributable to Korn Ferry $ 85,755 Net income attributable to noncontrolling interest 927 Other income, net (2,959 ) Interest expense, net 8,267 Income tax provision 30,213 Operating income (loss) $ 21,609 $ 32,573 $ 58,446 $ 13,822 $ 12,796 $ 1,801 $ 86,865 $ 30,135 $ (48,979 ) $ 122,203 Depreciation and amortization 8,771 7,324 1,770 906 675 643 3,994 1,982 3,421 25,492 Other income (loss), net 911 335 1,777 119 87 87 2,070 128 (485 ) 2,959 EBITDA 31,291 40,232 61,993 14,847 13,558 2,531 92,929 32,245 (46,043 ) 150,654 Integration/acquisition costs — — — — — — — — 2,615 2,615 Adjusted EBITDA $ 31,291 $ 40,232 $ 61,993 $ 14,847 $ 13,558 $ 2,531 $ 92,929 $ 32,245 $ (43,428 ) $ 153,269

Long-Term Debt

Long-Term Debt	6 Months Ended
	Oct. 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 were used for general corporate requirements. The effective interest rate on the Notes is 4.86%. As of October 31, 2020 and April 30, 2020, the fair value of the Notes was $406.5 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 October 31, 2020 April 30, 2020 Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (5,535 ) (5,856 ) Long-term borrowings, net of unamortized discount and debt issuance costs $ 394,465 $ 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 and six months ended October 31, 2019, the average interest rate on the previous term loan was 3.37 % and 3.53 %, respectively . As of October 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 $3.8 million and $4.2 million as of October 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 October 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	6 Months Ended
	Oct. 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 October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands) Finance lease cost Amortization of ROU assets $ 317 $ 473 $ 655 $ 943 Interest on lease liabilities 30 39 61 79 347 512 716 1,022 Operating lease cost 14,027 14,166 28,010 28,393 Short-term lease cost 104 277 212 556 Variable lease cost 2,785 3,183 5,192 6,076 Sublease income (195 ) (53 ) (275 ) (107 ) Total lease cost $ 17,068 $ 18,085 $ 33,855 $ 35,940 Supplemental cash flow information related to leases was as follows: Six Months Ended October 31, 2020 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 32,321 $ 30,351 Financing cash flows from finance leases $ 664 $ 927 ROU assets obtained in exchange for lease obligations: Operating leases $ 6,000 $ 6,054 Finance leases $ 509 $ 732 Supplemental balance sheet information related to leases was as follows: October 31, 2020 April 30, 2020 (in thousands) Finance Leases: Property and equipment, at cost $ 4,623 $ 4,281 Accumulated depreciation (2,003 ) (1,485 ) Property and equipment, net $ 2,620 $ 2,796 Other accrued liabilities $ 1,084 $ 1,241 Other liabilities 1,668 1,634 Total finance lease liabilities $ 2,752 $ 2,875 Weighted average remaining lease terms: Operating leases 5.2 years 5.5 years Finance leases 3.0 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 six months ended October 31, 2020) $ 33,714 $ 636 2022 53,093 1,019 2023 44,865 732 2024 38,189 411 2025 32,769 123 Thereafter 46,680 — Total lease payments 249,310 2,921 Less: imputed interest 30,233 169 Total $ 219,077 $ 2,752

Subsequent Event

Subsequent Event	6 Months Ended
	Oct. 31, 2020
Subsequent Events [Abstract]
Subsequent Event	14. Subsequent Event Quarterly Dividend Declaration On November 22, 2020, the Board of Directors of the Company declared a cash dividend of $0.10 per share with a payment date of January 15, 2021 to holders of the Company’s common stock of record at the close of business on December 21, 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)	6 Months Ended
	Oct. 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 October 31, 2020 and April 30, 2020, the Company’s investments in cash equivalents consisted of money market funds and also included commercial paper and 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 investments that the Company may sell within the next 12 months are carried as current assets. 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, corporate notes/bonds and US Treasury and Agency securities. 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 October 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 six months ended October 31, 2020, the Company recorded an adjustment of $2.6 million to increase goodwill as a result of additional tax liabilities from the Miller Heiman Group, Achieve Forum and Strategy Execution (the “Acquired Companies”) acquisition completed on November 1, 2019. The measurement period for the Acquired Companies is now closed.
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 six months ended October 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). Goodwill is tested for impairment annually and more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. 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 October 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 two quarters of fiscal 2021 and it is anticipated to impact the business going forward. The Company reviewed its intangible assets and noted no impairment as of October 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 $132.0 million and $117.4 million during the six months ended October 31, 2020 and 2019, respectively, included in compensation and benefits expense in the consolidated statements of operations. During the three months ended October 31, 2020 and 2019, the performance related bonus expense was $72.1 million and $64.4 million, respectively. Other expenses included in compensation and benefits expense are due to changes in deferred compensation and pension plan liabilities, changes in cash surrender value (“CSV”) of company-owned life insurance (“COLI”) contracts, amortization of stock 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 Earnings (L_2

Basic and Diluted Earnings (Loss) Per Share (Tables)	6 Months Ended
	Oct. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings (Loss) per Common Share Attributable to Common Stockholders	The following table summarizes basic and diluted earnings (loss) per common share attributable to common stockholders: Three Months Ended October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands, except per share data) Net income (loss) attributable to Korn Ferry $ 27,778 $ 42,804 $ (3,055 ) $ 85,755 Less: distributed and undistributed earnings to nonvested restricted stockholders 730 466 289 910 Basic net earnings (loss) attributable to common stockholders 27,048 42,338 (3,344 ) 84,845 Add: undistributed earnings to nonvested restricted stockholders 585 406 — 792 Less: reallocation of undistributed earnings to nonvested restricted stockholders 583 405 — 788 Diluted net earnings (loss) attributable to common stockholders $ 27,050 $ 42,339 $ (3,344 ) $ 84,849 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 53,229 54,568 53,246 54,917 Effect of dilutive securities: Restricted stock 154 138 — 228 ESPP 7 10 — 25 Diluted weighted-average number of common shares outstanding 53,390 54,716 53,246 55,170 Net earnings (loss) per common share: Basic earnings (loss) per share $ 0.51 $ 0.78 $ (0.06 ) $ 1.54 Diluted earnings (loss) per share $ 0.51 $ 0.77 $ (0.06 ) $ 1.54

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Oct. 31, 2020
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss, net were as follows: October 31, 2020 April 30, 2020 (in thousands) Foreign currency translation adjustments $ (61,426 ) $ (83,652 ) Deferred compensation and pension plan adjustments, net of tax (22,229 ) (23,554 ) Marketable securities unrealized gain, net of tax — 34 Accumulated other comprehensive loss, net $ (83,655 ) $ (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 October 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 July 31, 2020 $ (58,705 ) $ (22,912 ) $ 25 $ (81,592 ) Unrealized losses arising during the period (2,721 ) — (25 ) (2,746 ) Reclassification of realized net losses to net income — 683 — 683 Balance as of October 31, 2020 $ (61,426 ) $ (22,229 ) $ — $ (83,655 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 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 22,226 — (34 ) 22,192 Reclassification of realized net losses to net income — 1,325 — 1,325 Balance as of October 31, 2020 $ (61,426 ) $ (22,229 ) $ — $ (83,655 ) (1) The tax effect on the reclassifications of realized net losses was $0.2 million and $0.5 million for the three and six months ended October 31, 2020, respectively. The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 31, 2019: Foreign Currency Translation Deferred Compensation and Pension Plan (1) Unrealized Losses on Interest Rate Swap (2) Accumulated Other Comprehensive Loss (in thousands) Balance as of July 31, 2019 $ (65,632 ) $ (16,343 ) $ (139 ) $ (82,114 ) Unrealized gains (losses) arising during the period 1,329 — (315 ) 1,014 Reclassification of realized net losses (gains) to net income — 495 (41 ) 454 Balance as of October 31, 2019 $ (64,303 ) $ (15,848 ) $ (495 ) $ (80,646 ) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 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 (4,033 ) — (806 ) (4,839 ) Reclassification of realized net losses (gains) to net income — 990 (145 ) 845 Balance as of October 31, 2019 $ (64,303 ) $ (15,848 ) $ (495 ) $ (80,646 ) (1) The tax effect on the reclassifications of realized net losses was $0.2 million and $0.3 million for the three and six months ended October 31, 2019, respectively. (2) The tax effect on unrealized losses was $0.1 million and $0.3 million for the three and six months ended October 31, 2019, respectively.

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	6 Months Ended
	Oct. 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 October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands) Restricted stock $ 7,084 $ 5,712 $ 12,897 $ 10,803 ESPP 146 346 298 717 Total stock-based compensation expense $ 7,230 $ 6,058 $ 13,195 $ 11,520
Restricted Stock Activity	Restricted stock activity during the six months ended October 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 1,579 $ 27.27 Vested (492 ) $ 39.99 Forfeited/expired (67 ) $ 17.86 Non-vested, October 31, 2020 2,385 $ 34.22

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Oct. 31, 2020
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of October 31, 2020 and April 30, 2020: October 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 Other Accrued Liabilities (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 21,386 $ 3 $ (3 ) $ 21,386 $ — $ 21,386 $ — $ — Corporate notes/bonds 16,890 7 (6 ) 16,891 — 16,891 — — U.S. Treasury and Agency securities 1,975 — (1 ) 1,974 — 1,974 — — Total debt investments $ 40,251 $ 10 $ (10 ) $ 40,251 $ — $ 40,251 $ — $ — Changes in Fair Value Recorded in Net Loss Level 1: Mutual funds (1) $ 154,093 $ — $ 7,468 $ 146,625 $ — Total $ 154,093 $ — $ 7,468 $ 146,625 $ — Cash 463,916 463,916 — — — Money market funds 89,193 89,193 — — — Level 2: Foreign currency forward contracts (113 ) — — — (113 ) Total $ 747,340 $ 553,109 $ 47,719 $ 146,625 $ (113 ) 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 $133.8 million and $ 124.6 million as of October 31, 2020 and April 30, 2020 , respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans ). Unvested obligations under the deferred compensation plans totaled $24.4 million and $ million as of October 31, 2020 and April 30, 2020 , respectively. During the three and six months ended October 31, 2020 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ million, respectively, which was recorded in other income, net. During the three and six months ended October 31, 2019 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ 3.1 million, respectively, which was recorded in other income, net .
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of October 31, 2020 and April 30, 2020: October 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 Other Accrued Liabilities (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 21,386 $ 3 $ (3 ) $ 21,386 $ — $ 21,386 $ — $ — Corporate notes/bonds 16,890 7 (6 ) 16,891 — 16,891 — — U.S. Treasury and Agency securities 1,975 — (1 ) 1,974 — 1,974 — — Total debt investments $ 40,251 $ 10 $ (10 ) $ 40,251 $ — $ 40,251 $ — $ — Changes in Fair Value Recorded in Net Loss Level 1: Mutual funds (1) $ 154,093 $ — $ 7,468 $ 146,625 $ — Total $ 154,093 $ — $ 7,468 $ 146,625 $ — Cash 463,916 463,916 — — — Money market funds 89,193 89,193 — — — Level 2: Foreign currency forward contracts (113 ) — — — (113 ) Total $ 747,340 $ 553,109 $ 47,719 $ 146,625 $ (113 ) 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 $133.8 million and $ 124.6 million as of October 31, 2020 and April 30, 2020 , respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans ). Unvested obligations under the deferred compensation plans totaled $24.4 million and $ million as of October 31, 2020 and April 30, 2020 , respectively. During the three and six months ended October 31, 2020 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ million, respectively, which was recorded in other income, net. During the three and six months ended October 31, 2019 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ 3.1 million, respectively, which was recorded in other income, net .
Fair Value of Liabilities Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: October 31, 2020 April 30, 2020 (in thousands) Derivative assets: Foreign currency forward contracts $ 718 $ 3,034 Derivative liabilities: Foreign currency forward contracts $ 831 $ 400
Not Designated as Hedge Instrument
Fair Value of Assets Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: October 31, 2020 April 30, 2020 (in thousands) Derivative assets: Foreign currency forward contracts $ 718 $ 3,034 Derivative liabilities: Foreign currency forward contracts $ 831 $ 400

Deferred Compensation and Ret_2

Deferred Compensation and Retirement Plans (Tables)	6 Months Ended
	Oct. 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 October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands) Service cost $ 8,197 $ 6,474 $ 15,480 $ 11,930 Interest cost 1,047 1,422 2,080 2,815 Amortization of actuarial loss 996 745 1,993 1,490 Expected return on plan assets (1) (351 ) (363 ) (702 ) (726 ) Net periodic service credit amortization (102 ) (77 ) (203 ) (154 ) Net periodic benefit costs (2) $ 9,787 $ 8,201 $ 18,648 $ 15,355 (1) The expected long-term rate of return on plan assets was 6.00% and 6.00% for October 31, 2020 and 2019, respectively. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the consolidated statements of operations.

Fee Revenue (Tables)

Fee Revenue (Tables)	6 Months Ended
	Oct. 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 October 31, 2020 and April 30, 2020: October 31, 2020 April 30, 2020 (in thousands) Contract assets-unbilled receivables $ 88,937 $ 65,370 Contract liabilities-deferred revenue $ 143,620 $ 133,128
Schedule of Disaggregation of Fee Revenue by Industry	The following table provides further disaggregation of fee revenue by industry: Three Months Ended October 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 119,380 27.4 % $ 141,066 28.6 % Financial Services 82,918 19.0 85,188 17.3 Life Sciences/Healthcare 83,413 19.2 89,085 18.1 Consumer Goods 60,737 13.9 75,712 15.4 Technology 64,691 14.9 70,499 14.3 Education/Non-Profit/General 24,300 5.6 30,839 6.3 Fee Revenue $ 435,439 100.0 % $ 492,389 100.0 % Six Months Ended October 31, 2020 2019 Dollars % Dollars % (dollars in thousands) Industrial $ 214,691 27.6 % $ 279,378 28.6 % Financial Services 148,645 19.1 171,400 17.5 Life Sciences/Healthcare 148,863 19.1 171,350 17.5 Consumer Goods 105,515 13.5 147,410 15.1 Technology 114,015 14.6 141,302 14.5 Education/Non-Profit/General 47,807 6.1 66,098 6.8 Fee Revenue $ 779,536 100.0 % $ 976,938 100.0 %

Credit Losses (Tables)

Credit Losses (Tables)	6 Months Ended
	Oct. 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 7,993 Write-offs (4,823 ) Recoveries of amounts previously written off 206 Foreign currency translation 682 Balance at October 31, 2020 $ 27,853
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 October 31, 2020 Fair Value Unrealized Loss Cash and Cash Equivalents Marketable Securities, Current (in thousands) Commercial paper $ 15,988 $ 3 $ — $ 15,988 Corporate notes/bonds $ 10,470 $ 6 $ — $ 10,470 U.S. Treasury and Agency Securities $ 1,974 $ 1 $ — $ 1,974

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	6 Months Ended
	Oct. 31, 2020
Restructuring And Related Activities [Abstract]
Changes In Restructuring Liability	Changes in the restructuring liability during the three months ended October 31, 2020 were as follows: Restructuring Liability (in thousands) As of July 31, 2020 $ 28,532 Restructuring charges, net 2,407 Reductions for cash payments (13,812 ) Exchange rate fluctuations (297 ) As of October 31, 2020 $ 16,830 Changes in the restructuring liability during the six months ended October 31, 2020 were as follows: Restructuring Liability (in thousands) As of April 30, 2020 $ 34,153 Restructuring charges, net 29,894 Reductions for cash payments (45,159 ) Non-cash payments (3,968 ) Exchange rate fluctuations 1,910 As of October 31, 2020 $ 16,830

Segments (Tables)

Segments (Tables)	6 Months Ended
	Oct. 31, 2020
Segment Reporting [Abstract]
Financial Highlights by Operating Segment	Financial highlights by operating segment are as follows: Three Months Ended October 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 126,685 $ 75,043 $ 91,168 $ 31,629 $ 20,807 $ 4,456 $ 148,060 $ 85,651 $ — $ 435,439 Total revenue $ 127,051 $ 75,038 $ 91,609 $ 31,714 $ 20,820 $ 4,456 $ 148,599 $ 87,101 $ — $ 437,789 Net income attributable to Korn Ferry $ 27,778 Net income attributable to noncontrolling interest 300 Other income net (277 ) Interest expense, net 7,494 Income tax provision 12,877 Operating income (loss) $ 14,621 $ 15,823 $ 20,491 $ 1,509 $ 3,253 $ 375 $ 25,628 $ 12,502 $ (20,402 ) $ 48,172 Depreciation and amortization 4,063 7,005 716 355 250 202 1,523 945 1,762 15,298 Other income (loss), net 336 202 (9 ) 31 166 7 195 24 (480 ) 277 EBITDA 19,020 23,030 21,198 1,895 3,669 584 27,346 13,471 (19,120 ) 63,747 Restructuring, charges, net 1,143 54 (12 ) 922 (28 ) — 882 328 — 2,407 Adjusted EBITDA $ 20,163 $ 23,084 $ 21,186 $ 2,817 $ 3,641 $ 584 $ 28,228 $ 13,799 $ (19,120 ) $ 66,154 Three Months Ended October 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 144,036 $ 65,724 $ 113,818 $ 39,821 $ 25,944 $ 8,272 $ 187,855 $ 94,774 $ — $ 492,389 Total revenue $ 148,198 $ 65,724 $ 117,077 $ 40,441 $ 26,168 $ 8,273 $ 191,959 $ 98,296 $ — $ 504,177 Net income attributable to Korn Ferry $ 42,804 Net income attributable to noncontrolling interest 228 Other income, net (1,133 ) Interest expense, net 4,210 Income tax provision 15,760 Operating income (loss) $ 9,826 $ 18,565 $ 28,124 $ 6,511 $ 5,803 $ 791 $ 41,229 $ 15,094 $ (22,845 ) $ 61,869 Depreciation and amortization 4,357 3,685 869 450 329 315 1,963 990 1,720 12,715 Other income (loss), net 386 134 637 107 72 30 846 54 (287 ) 1,133 EBITDA 14,569 22,384 29,630 7,068 6,204 1,136 44,038 16,138 (21,412 ) 75,717 Integration/acquisition costs — — — — — — — — 2,615 2,615 Adjusted EBITDA $ 14,569 $ 22,384 $ 29,630 $ 7,068 $ 6,204 $ 1,136 $ 44,038 $ 16,138 $ (18,797 ) $ 78,332 Six Months Ended October 31, 2020 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 226,003 $ 131,016 $ 160,483 $ 61,710 $ 38,059 $ 7,951 $ 268,203 $ 154,314 $ — $ 779,536 Total revenue $ 226,641 $ 131,060 $ 161,465 $ 61,909 $ 38,160 $ 7,951 $ 269,485 $ 157,486 $ — $ 784,672 Net loss attributable to Korn Ferry $ (3,055 ) Net income attributable to noncontrolling interest 278 Other income, net (11,439 ) Interest expense, net 14,388 Income tax provision 4,205 Operating income (loss) $ 3,694 $ 13,196 $ 14,756 $ (4,710 ) $ 4,114 $ (842 ) $ 13,318 $ 14,667 $ (40,498 ) $ 4,377 Depreciation and amortization 8,072 13,731 1,446 717 525 404 3,092 1,885 3,553 30,333 Other income (loss), net 1,124 620 9,333 50 392 55 9,830 220 (355 ) 11,439 EBITDA 12,890 27,547 25,535 (3,943 ) 5,031 (383 ) 26,240 16,772 (37,300 ) 46,149 Integration/acquisition costs — 556 — — — — — — 181 737 Restructuring charges, net 13,877 2,924 963 8,470 204 405 10,042 3,051 — 29,894 Adjusted EBITDA $ 26,767 $ 31,027 $ 26,498 $ 4,527 $ 5,235 $ 22 $ 36,282 $ 19,823 $ (37,119 ) $ 76,780 Six Months Ended October 31, 2019 Executive Search Consulting Digital North America EMEA Asia Pacific Latin America Subtotal RPO & Professional Search Corporate Consolidated (in thousands) Fee revenue $ 281,578 $ 123,708 $ 225,540 $ 86,351 $ 53,306 $ 15,857 $ 381,054 $ 190,598 $ — $ 976,938 Total revenue $ 289,534 $ 123,708 $ 232,523 $ 87,753 $ 53,836 $ 15,860 $ 389,972 $ 197,161 $ — $ 1,000,375 Net income attributable to Korn Ferry $ 85,755 Net income attributable to noncontrolling interest 927 Other income, net (2,959 ) Interest expense, net 8,267 Income tax provision 30,213 Operating income (loss) $ 21,609 $ 32,573 $ 58,446 $ 13,822 $ 12,796 $ 1,801 $ 86,865 $ 30,135 $ (48,979 ) $ 122,203 Depreciation and amortization 8,771 7,324 1,770 906 675 643 3,994 1,982 3,421 25,492 Other income (loss), net 911 335 1,777 119 87 87 2,070 128 (485 ) 2,959 EBITDA 31,291 40,232 61,993 14,847 13,558 2,531 92,929 32,245 (46,043 ) 150,654 Integration/acquisition costs — — — — — — — — 2,615 2,615 Adjusted EBITDA $ 31,291 $ 40,232 $ 61,993 $ 14,847 $ 13,558 $ 2,531 $ 92,929 $ 32,245 $ (43,428 ) $ 153,269

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Oct. 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 October 31, 2020 April 30, 2020 Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (5,535 ) (5,856 ) Long-term borrowings, net of unamortized discount and debt issuance costs $ 394,465 $ 394,144

Leases (Tables)

Leases (Tables)	6 Months Ended
	Oct. 31, 2020
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended October 31, Six Months Ended October 31, 2020 2019 2020 2019 (in thousands) Finance lease cost Amortization of ROU assets $ 317 $ 473 $ 655 $ 943 Interest on lease liabilities 30 39 61 79 347 512 716 1,022 Operating lease cost 14,027 14,166 28,010 28,393 Short-term lease cost 104 277 212 556 Variable lease cost 2,785 3,183 5,192 6,076 Sublease income (195 ) (53 ) (275 ) (107 ) Total lease cost $ 17,068 $ 18,085 $ 33,855 $ 35,940
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Six Months Ended October 31, 2020 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 32,321 $ 30,351 Financing cash flows from finance leases $ 664 $ 927 ROU assets obtained in exchange for lease obligations: Operating leases $ 6,000 $ 6,054 Finance leases $ 509 $ 732
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: October 31, 2020 April 30, 2020 (in thousands) Finance Leases: Property and equipment, at cost $ 4,623 $ 4,281 Accumulated depreciation (2,003 ) (1,485 ) Property and equipment, net $ 2,620 $ 2,796 Other accrued liabilities $ 1,084 $ 1,241 Other liabilities 1,668 1,634 Total finance lease liabilities $ 2,752 $ 2,875 Weighted average remaining lease terms: Operating leases 5.2 years 5.5 years Finance leases 3.0 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 six months ended October 31, 2020) $ 33,714 $ 636 2022 53,093 1,019 2023 44,865 732 2024 38,189 411 2025 32,769 123 Thereafter 46,680 — Total lease payments 249,310 2,921 Less: imputed interest 30,233 169 Total $ 219,077 $ 2,752

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	Mar. 31, 2020USD ($)	Oct. 31, 2020USD ($)	Oct. 31, 2019USD ($)	Oct. 31, 2020USD ($)Segment	Oct. 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	$ 0	$ 0
Impairment of long-lived assets				0	0	$ 0
Goodwill		621,560,000		621,560,000		613,943,000
Impairment of goodwill	$ 0			0		0
Performance-related bonus expenses		$ 72,100,000	$ 64,400,000	$ 132,000,000	$ 117,400,000
ASU 2016-13
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true		true
ASU 2017-04
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true		true
ASU 2018-13
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true		true
ASU 2018-15
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true		true
ASU 2019-12
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true		true
Change in accounting principle, accounting standards update, adoption date		May 1, 2020		May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect		true		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, increase in goodwill				$ 2,600,000
Affiliated Entity
Organization And Summary Of Significant Accounting Policies [Line Items]
Investments in affiliated companies maximum		50.00%		50.00%
Mexican Subsidiary
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of Noncontrolling interest in subsidiary		51.00%		51.00%

Basic and Diluted Earnings (L_3

Basic and Diluted Earnings (Loss) Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 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	1.6	0.7	2	0.7

Basic and Diluted Earnings (L_4

Basic and Diluted Earnings (Loss) Per Share - Basic and Diluted Earnings (Loss) per Common Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Earnings Per Share Disclosure [Line Items]
Net income (loss) attributable to Korn Ferry	$ 27,778	$ 42,804	$ (3,055)	$ 85,755
Less: distributed and undistributed earnings to nonvested restricted stockholders	730	466	289	910
Basic net earnings (loss) attributable to common stockholders	27,048	42,338	(3,344)	84,845
Add: undistributed earnings to nonvested restricted stockholders	585	406		792
Less: reallocation of undistributed earnings to nonvested restricted stockholders	583	405		788
Diluted net earnings (loss) attributable to common stockholders	$ 27,050	$ 42,339	$ (3,344)	$ 84,849
Basic weighted-average number of common shares outstanding	53,229	54,568	53,246	54,917
Diluted weighted-average number of common shares outstanding	53,390	54,716	53,246	55,170
Basic earnings (loss) per share	$ 0.51	$ 0.78	$ (0.06)	$ 1.54
Diluted earnings (loss) per share	$ 0.51	$ 0.77	$ (0.06)	$ 1.54
ESPP
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities	7	10		25
Restricted Stock
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities	154	138		228

Comprehensive Income - Componen

Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Apr. 30, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Foreign currency translation adjustments	$ (61,426)	$ (83,652)
Deferred compensation and pension plan adjustments, net of tax	(22,229)	(23,554)
Marketable securities unrealized gain, net of tax		34
Accumulated other comprehensive loss, net	$ (83,655)	$ (107,172)

Comprehensive Income - Changes

Comprehensive Income - Changes in Each Component of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Oct. 31, 2020		Oct. 31, 2019		Oct. 31, 2020		Oct. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance						$ 1,221,381
Ending balance		$ 1,219,972				1,219,972
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(58,705)		$ (65,632)		(83,652)		$ (60,270)
Unrealized gains (losses) arising during the period		(2,721)		1,329		22,226		(4,033)
Ending balance		(61,426)		(64,303)		(61,426)		(64,303)
Deferred Compensation and Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(22,912)	[1]	(16,343)	[2]	(23,554)	[1]	(16,838)	[2]
Reclassification of realized net losses (gains) to net income		683	[1]	495	[2]	1,325	[1]	990	[2]
Ending balance		(22,229)	[1]	(15,848)	[2]	(22,229)	[1]	(15,848)	[2]
Unrealized Gains (Losses) on Marketable Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		25				34
Unrealized gains (losses) arising during the period		(25)				(34)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(81,592)		(82,114)		(107,172)		(76,652)
Unrealized gains (losses) arising during the period		(2,746)		1,014		22,192		(4,839)
Reclassification of realized net losses (gains) to net income		683		454		1,325		845
Ending balance		$ (83,655)		(80,646)		$ (83,655)		(80,646)
Unrealized (Losses) Gains on Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[3]			(139)				456
Unrealized gains (losses) arising during the period	[3]			(315)				(806)
Reclassification of realized net losses (gains) to net income	[3]			(41)				(145)
Ending balance	[3]			$ (495)				$ (495)
[1]	The tax effect on the reclassifications of realized net losses was $0.2 million and $0.5 million for the three and six months ended October 31, 2020, respectively.
[2]	The tax effect on the reclassifications of realized net losses was $0.2 million and $0.3 million for the three and six months ended October 31, 2019, respectively.
[3]	The tax effect on unrealized losses was $0.1 million and $0.3 million for the three and six months ended October 31, 2019, respectively.

Comprehensive Income - Change_2

Comprehensive Income - Changes in Each Component of Accumulated Other Comprehensive Loss (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 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	$ 0.5	$ 0.3
Unrealized (Losses) Gains on Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effect on unrealized (losses)		$ (0.1)		$ (0.3)

Employee Stock Plans - Componen

Employee Stock Plans - Components of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 7,230	$ 6,058	$ 13,195	$ 11,520
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	7,084	5,712	12,897	10,803
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 146	$ 346	$ 298	$ 717

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($)	Oct. 03, 2019	Oct. 31, 2020	Jul. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Apr. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of tax withholdings on restricted stock						$ 4,550,000	$ 8,725,000
Shares repurchased during the period, value		$ 22,878,000	$ 4,442,000	$ 49,325,000	$ 21,329,000
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period		753,451		1,309,092		753,451	1,633,192
Shares repurchased during the period, value		$ 22,800,000		$ 49,200,000		$ 22,800,000	$ 61,900,000
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future issuance		600,000				600,000
Authorized payroll deductions		15.00%				15.00%
Authorized payroll deductions, value						$ 25,000
Maximum number of shares reserved for issuance		3,000,000				3,000,000
Employees stock purchased		0		0		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				300,000
Total unrecognized compensation cost related to non-vested awards		$ 6,800,000				$ 6,800,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding		2,385,000				2,385,000		1,365,000
Total unrecognized compensation cost related to non-vested awards		$ 63,700,000				$ 63,700,000
Expected cost recognized over weighted-average period						3 years
Shares repurchased during the period to pay for taxes		3,619		3,582		164,646	225,236
Payments of tax withholdings on restricted stock		$ 100,000		$ 100,000		$ 4,500,000	$ 8,700,000
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	6 Months Ended
	Oct. 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	1,579
Shares, Vested | shares	(492)
Shares, Forfeited/expired | shares	(67)
Shares, Non-vested, ending balance | shares	2,385
Weighted-Average Grant Date Fair Value, Non-vested, beginning balance | $ / shares	$ 44.59
Weighted-Average Grant Date Fair Value, Granted | $ / shares	27.27
Weighted-Average Grant Date Fair Value, Vested | $ / shares	39.99
Weighted-Average Grant Date Fair Value, Forfeited/expired | $ / shares	17.86
Weighted-Average Grant Date Fair Value, Non-vested, ending balance | $ / shares	$ 34.22

Financial Instruments - Financi

Financial Instruments - Financial Instruments and Balance Sheet Classification (Detail) - USD ($) $ in Thousands		Oct. 31, 2020	Apr. 30, 2020
Investment Holdings [Line Items]
Cash and cash equivalents		$ 553,109	$ 689,244
Marketable Securities, Current		47,719	41,951
Marketable securities, non-current		146,625	132,134
Other Accrued Liabilities		(113)
Income Taxes & Other Receivables			2,634
Fair Value		747,340	865,963
Fair Value, Inputs, Level 2
Investment Holdings [Line Items]
Cost		40,251	38,313
Unrealized Gains		10	65
Unrealized Losses		(10)	(19)
Fair Value		40,251	38,359
Cash and cash equivalents			5,686
Marketable Securities, Current		40,251	32,673
Fair Value, Inputs, Level 2 | Commercial Paper
Investment Holdings [Line Items]
Cost		21,386	19,132
Unrealized Gains		3	39
Unrealized Losses		(3)
Fair Value		21,386	19,171
Cash and cash equivalents			4,785
Marketable Securities, Current		21,386	14,386
Fair Value, Inputs, Level 2 | Corporate Notes/Bonds
Investment Holdings [Line Items]
Cost		16,890	19,181
Unrealized Gains		7	26
Unrealized Losses		(6)	(19)
Fair Value		16,891	19,188
Cash and cash equivalents			901
Marketable Securities, Current		16,891	18,287
Fair Value, Inputs, Level 2 | U.S. Treasury and Agency Securities
Investment Holdings [Line Items]
Cost		1,975
Unrealized Losses		(1)
Fair Value		1,974
Marketable Securities, Current		1,974
Fair Value, Inputs, Level 2 | Foreign Exchange Forward Contracts
Investment Holdings [Line Items]
Other Accrued Liabilities		(113)
Income Taxes & Other Receivables			2,634
Fair Value		(113)	2,634
Fair Value, Inputs, Level 1 | Mutual Funds
Investment Holdings [Line Items]
Marketable Securities, Current	[1]	7,468	9,278
Marketable securities, non-current	[1]	146,625	132,134
Fair Value	[1]	154,093	141,412
Fair Value, Inputs, Level 1 | Equity Securities
Investment Holdings [Line Items]
Marketable Securities, Current		7,468	9,278
Marketable securities, non-current		146,625	132,134
Fair Value		154,093	141,412
Fair Value, Inputs, Level 1 | Cash
Investment Holdings [Line Items]
Cash and cash equivalents		463,916	611,795
Fair Value		463,916	611,795
Fair Value, Inputs, Level 1 | Money Market Funds
Investment Holdings [Line Items]
Cash and cash equivalents		89,193	71,763
Fair Value		$ 89,193	$ 71,763
[1]	These investments are held in trust for settlement of the Company’s vested obligations of $133.8 million and $ 124.6 million as of October 31, 2020 and April 30, 2020 , respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans ). Unvested obligations under the deferred compensation plans totaled $24.4 million and $ million as of October 31, 2020 and April 30, 2020 , respectively. During the three and six months ended October 31, 2020 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ million, respectively, which was recorded in other income, net. During the three and six months ended October 31, 2019 , the fair value of the investments increased; therefore, the Company recognized a gain of $ million and $ 3.1 million, respectively, which was recorded in other income, net .

Financial Instruments - Finan_2

Financial Instruments - Financial Instruments and Balance Sheet Classification (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Apr. 30, 2020
Investments Debt And Equity Securities [Abstract]
Obligations for which assets are held in trust	$ 133.8		$ 133.8		$ 124.6
Gain on marketable securities	0.6	$ 1.2	12	$ 3.1
Unvested obligations under deferred compensation plans	$ 24.4		$ 24.4		$ 21.7

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Apr. 30, 2020
Financial Instrument [Line Items]
Sale/maturities of available-for-sale marketable securities	$ 16,700,000	$ 0	$ 28,400,000	$ 0
Unrealized loss relates to equity securities					$ 8,200,000
Unrealized gains relates to equity securities			11,200,000
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts
Financial Instrument [Line Items]
Foreign currency gains (losses)	(500,000)	$ 2,100,000	300,000	$ 500,000
Not Designated as Hedge Instrument | Foreign Exchange Forward Contracts | Income Taxes And Other Receivables | Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount	85,100,000		85,100,000		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	$ 49,200,000		$ 49,200,000		$ 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			12 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	Oct. 31, 2020	Apr. 30, 2020
Derivative assets:
Fair Value of Derivative Assets	$ 718	$ 3,034
Derivative liabilities:
Fair Value of Derivative Liabilities	$ 831	$ 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		6 Months Ended
		Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 8,197	$ 6,474	$ 15,480	$ 11,930
Interest cost		1,047	1,422	2,080	2,815
Amortization of actuarial loss		996	745	1,993	1,490
Expected return on plan assets	[1]	(351)	(363)	(702)	(726)
Net periodic service credit amortization		(102)	(77)	(203)	(154)
Net periodic benefit costs	[2]	$ 9,787	$ 8,201	$ 18,648	$ 15,355
[1]	The expected long-term rate of return on plan assets was 6.00% and 6.00% for October 31, 2020 and 2019, respectively.
[2]	The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the consolidated statements of operations.

Deferred Compensation and Ret_4

Deferred Compensation and Retirement Plans - Components of Net Periodic Benefits Costs (Parenthetical) (Detail)	6 Months Ended
	Oct. 31, 2020	Oct. 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		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Apr. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments			$ 3,899	$ 4,209
Recognized investment income (expense)	$ 600	$ 1,200	$ 12,000	3,100
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period			5 years
Gain (loss) on deferred compensation plan	600	1,300	$ 11,800	3,500
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	241,900		$ 241,900		$ 238,700
Outstanding policy loans	91,700		91,700		$ 92,300
Increase in market value of the underlying COLI investments	$ 1,800	$ 1,900	$ 3,900	$ 4,200

Fee Revenue - Schedule of Contr

Fee Revenue - Schedule of Contract Asset and Liability (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Apr. 30, 2020
Revenue From Contract With Customer [Abstract]
Contract assets-unbilled receivables	$ 88,937	$ 65,370
Contract liabilities-deferred revenue	$ 143,620	$ 133,128

Fee Revenue - Additional Inform

Fee Revenue - Additional Information (Detail) $ in Millions	6 Months Ended
	Oct. 31, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Contract liabilities, revenue recognized	$ 66
Revenue recognized, remaining performance obligation	$ 679.2
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	6 Months Ended
	Oct. 31, 2020USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 679.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-11-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 194.7
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	$ 260.5
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	$ 129.7
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	$ 94.3
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		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 437,789	$ 504,177	$ 784,672	$ 1,000,375
Industrial
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 119,380	$ 141,066	$ 214,691	$ 279,378
Fee Revenue, Percentage	27.40%	28.60%	27.60%	28.60%
Financial Services
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 82,918	$ 85,188	$ 148,645	$ 171,400
Fee Revenue, Percentage	19.00%	17.30%	19.10%	17.50%
Life Sciences/Healthcare
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 83,413	$ 89,085	$ 148,863	$ 171,350
Fee Revenue, Percentage	19.20%	18.10%	19.10%	17.50%
Consumer Goods
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 60,737	$ 75,712	$ 105,515	$ 147,410
Fee Revenue, Percentage	13.90%	15.40%	13.50%	15.10%
Technology
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 64,691	$ 70,499	$ 114,015	$ 141,302
Fee Revenue, Percentage	14.90%	14.30%	14.60%	14.50%
Education/Non-Profit/General
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 24,300	$ 30,839	$ 47,807	$ 66,098
Fee Revenue, Percentage	5.60%	6.30%	6.10%	6.80%
Fee Revenue
Disaggregation Of Revenue [Line Items]
Fee Revenue	$ 435,439	$ 492,389	$ 779,536	$ 976,938
Fee Revenue, Percentage	100.00%	100.00%	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	6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Credit Loss [Abstract]
Beginning Balance	$ 23,795
Provision for credit losses	7,993	$ 7,150
Write-offs	(4,823)
Recoveries of amounts previously written off	206
Foreign currency translation	682
Ending Balance	$ 27,853

Credit Losses - Schedule of Fai

Credit Losses - Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities (Detail) $ in Thousands	Oct. 31, 2020USD ($)
Commercial Paper
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less Than 12 Months, Fair Value	$ 15,988
Less Than 12 Months, Unrealized Loss	3
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	15,988
Corporate Notes/Bonds
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less Than 12 Months, Fair Value	10,470
Less Than 12 Months, Unrealized Loss	6
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	10,470
U.S. Treasury and Agency Securities
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less Than 12 Months, Fair Value	1,974
Less Than 12 Months, Unrealized Loss	1
U.S. Treasury and Agency Securities | Marketable Securities Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Available For Sale Securities Debt Securities, Current	$ 1,974

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ 12,877	$ 15,760	$ 4,205	$ 30,213
Income tax (benefit) provision tax rate	31.40%		294.50%

Restructuring Charges, Net - Ad

Restructuring Charges, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Apr. 30, 2020
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net	$ 2,407		$ 29,894
Restructuring liability included in other long-term liabilities	600		600		$ 600
Severance
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net	$ 2,400	$ 0	$ 29,900	$ 0

Restructuring Charges, Net - Ch

Restructuring Charges, Net - Changes In Restructuring Liability (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Oct. 31, 2020	Oct. 31, 2020
Restructuring And Related Activities [Abstract]
Restructuring Liability, Beginning balance	$ 28,532	$ 34,153
Restructuring charges, net	2,407	29,894
Reductions for cash payments	(13,812)	(45,159)
Non-cash payments		(3,968)
Exchange rate fluctuations	(297)	1,910
Restructuring Liability, Ending balance	$ 16,830	$ 16,830

Segments - Additional Informati

Segments - Additional Information (Detail)	6 Months Ended
	Oct. 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		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 437,789	$ 504,177	$ 784,672	$ 1,000,375
Net income (loss) attributable to Korn Ferry	27,778	42,804	(3,055)	85,755
Net income attributable to noncontrolling interest	300	228	278	927
Other income, net	(277)	(1,133)	(11,439)	(2,959)
Interest expense, net	7,494	4,210	14,388	8,267
Income tax provision	12,877	15,760	4,205	30,213
Operating income (loss)	48,172	61,869	4,377	122,203
Depreciation and amortization	15,298	12,715	30,333	25,492
Other income (loss), net	277	1,133	11,439	2,959
EBITDA	63,747	75,717	46,149	150,654
Integration/acquisition costs		2,615	737	2,615
Restructuring charges, net	2,407		29,894
Adjusted EBITDA	66,154	78,332	76,780	153,269
Fee Revenue
Segment Reporting Information [Line Items]
Total revenue	435,439	492,389	779,536	976,938
Operating Segments | Consulting
Segment Reporting Information [Line Items]
Total revenue	127,051	148,198	226,641	289,534
Operating income (loss)	14,621	9,826	3,694	21,609
Depreciation and amortization	4,063	4,357	8,072	8,771
Other income (loss), net	336	386	1,124	911
EBITDA	19,020	14,569	12,890	31,291
Restructuring charges, net	1,143		13,877
Adjusted EBITDA	20,163	14,569	26,767	31,291
Operating Segments | Digital
Segment Reporting Information [Line Items]
Total revenue	75,038	65,724	131,060	123,708
Operating income (loss)	15,823	18,565	13,196	32,573
Depreciation and amortization	7,005	3,685	13,731	7,324
Other income (loss), net	202	134	620	335
EBITDA	23,030	22,384	27,547	40,232
Integration/acquisition costs			556
Restructuring charges, net	54		2,924
Adjusted EBITDA	23,084	22,384	31,027	40,232
Operating Segments | Executive Search
Segment Reporting Information [Line Items]
Total revenue	148,599	191,959	269,485	389,972
Operating income (loss)	25,628	41,229	13,318	86,865
Depreciation and amortization	1,523	1,963	3,092	3,994
Other income (loss), net	195	846	9,830	2,070
EBITDA	27,346	44,038	26,240	92,929
Restructuring charges, net	882		10,042
Adjusted EBITDA	28,228	44,038	36,282	92,929
Operating Segments | Executive Search | North America
Segment Reporting Information [Line Items]
Total revenue	91,609	117,077	161,465	232,523
Operating income (loss)	20,491	28,124	14,756	58,446
Depreciation and amortization	716	869	1,446	1,770
Other income (loss), net	(9)	637	9,333	1,777
EBITDA	21,198	29,630	25,535	61,993
Restructuring charges, net	(12)		963
Adjusted EBITDA	21,186	29,630	26,498	61,993
Operating Segments | Executive Search | EMEA
Segment Reporting Information [Line Items]
Total revenue	31,714	40,441	61,909	87,753
Operating income (loss)	1,509	6,511	(4,710)	13,822
Depreciation and amortization	355	450	717	906
Other income (loss), net	31	107	50	119
EBITDA	1,895	7,068	(3,943)	14,847
Restructuring charges, net	922		8,470
Adjusted EBITDA	2,817	7,068	4,527	14,847
Operating Segments | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	20,820	26,168	38,160	53,836
Operating income (loss)	3,253	5,803	4,114	12,796
Depreciation and amortization	250	329	525	675
Other income (loss), net	166	72	392	87
EBITDA	3,669	6,204	5,031	13,558
Restructuring charges, net	(28)		204
Adjusted EBITDA	3,641	6,204	5,235	13,558
Operating Segments | Executive Search | Latin America
Segment Reporting Information [Line Items]
Total revenue	4,456	8,273	7,951	15,860
Operating income (loss)	375	791	(842)	1,801
Depreciation and amortization	202	315	404	643
Other income (loss), net	7	30	55	87
EBITDA	584	1,136	(383)	2,531
Restructuring charges, net			405
Adjusted EBITDA	584	1,136	22	2,531
Operating Segments | RPO & Professional Search
Segment Reporting Information [Line Items]
Total revenue	87,101	98,296	157,486	197,161
Operating income (loss)	12,502	15,094	14,667	30,135
Depreciation and amortization	945	990	1,885	1,982
Other income (loss), net	24	54	220	128
EBITDA	13,471	16,138	16,772	32,245
Restructuring charges, net	328		3,051
Adjusted EBITDA	13,799	16,138	19,823	32,245
Operating Segments | Fee Revenue | Consulting
Segment Reporting Information [Line Items]
Total revenue	126,685	144,036	226,003	281,578
Operating Segments | Fee Revenue | Digital
Segment Reporting Information [Line Items]
Total revenue	75,043	65,724	131,016	123,708
Operating Segments | Fee Revenue | Executive Search
Segment Reporting Information [Line Items]
Total revenue	148,060	187,855	268,203	381,054
Operating Segments | Fee Revenue | Executive Search | North America
Segment Reporting Information [Line Items]
Total revenue	91,168	113,818	160,483	225,540
Operating Segments | Fee Revenue | Executive Search | EMEA
Segment Reporting Information [Line Items]
Total revenue	31,629	39,821	61,710	86,351
Operating Segments | Fee Revenue | Executive Search | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	20,807	25,944	38,059	53,306
Operating Segments | Fee Revenue | Executive Search | Latin America
Segment Reporting Information [Line Items]
Total revenue	4,456	8,272	7,951	15,857
Operating Segments | Fee Revenue | RPO & Professional Search
Segment Reporting Information [Line Items]
Total revenue	85,651	94,774	154,314	190,598
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(20,402)	(22,845)	(40,498)	(48,979)
Depreciation and amortization	1,762	1,720	3,553	3,421
Other income (loss), net	(480)	(287)	(355)	(485)
EBITDA	(19,120)	(21,412)	(37,300)	(46,043)
Integration/acquisition costs		2,615	181	2,615
Adjusted EBITDA	$ (19,120)	$ (18,797)	$ (37,119)	$ (43,428)

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Dec. 16, 2019	Oct. 31, 2019	Oct. 31, 2020	Oct. 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			$ 10,100,000		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			$ 406,500,000		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		3.37%		3.53%
Unamortized debt issuance costs			$ 3,800,000		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	6 Months Ended
	Oct. 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	Oct. 31, 2020	Apr. 30, 2020
Debt Instrument [Line Items]
Long-term borrowings, net of unamortized discount and debt issuance costs	$ 394,465	$ 394,144
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Less: Unamortized discount and issuance costs	(5,535)	(5,856)
Long-term borrowings, net of unamortized discount and debt issuance costs	394,465	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)	6 Months Ended
	Oct. 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		6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Finance lease cost
Amortization of ROU assets	$ 317	$ 473	$ 655	$ 943
Interest on lease liabilities	30	39	61	79
Finance lease cost	347	512	716	1,022
Operating lease cost	14,027	14,166	28,010	28,393
Short-term lease cost	104	277	212	556
Variable lease cost	2,785	3,183	5,192	6,076
Sublease income	(195)	(53)	(275)	(107)
Total lease cost	$ 17,068	$ 18,085	$ 33,855	$ 35,940

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 32,321	$ 30,351
Financing cash flows from finance leases	664	927
ROU assets obtained in exchange for lease obligations:
Operating leases	6,000	6,054
Finance leases	$ 509	$ 732

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Apr. 30, 2020
Finance Leases:
Property and equipment, at cost	$ 4,623	$ 4,281
Accumulated depreciation	(2,003)	(1,485)
Property and equipment, net	2,620	$ 2,796
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		us-gaap:PropertyPlantAndEquipmentNet
Other accrued liabilities	1,084	$ 1,241
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]		us-gaap:OtherAccruedLiabilitiesCurrent
Other liabilities	1,668	$ 1,634
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]		us-gaap:OtherLiabilitiesNoncurrent
Total finance lease liabilities	$ 2,752	$ 2,875
Weighted average remaining lease terms:
Operating leases	5 years 2 months 12 days	5 years 6 months
Finance leases	3 years	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	Oct. 31, 2020	Apr. 30, 2020
Operating
2021 (excluding the six months ended October 31, 2020)	$ 33,714
2022	53,093
2023	44,865
2024	38,189
2025	32,769
Thereafter	46,680
Total lease payments	249,310
Less: imputed interest	30,233
Total	219,077
Financing
2021 (excluding the six months ended October 31, 2020)	636
2022	1,019
2023	732
2024	411
2025	123
Total lease payments	2,921
Less: imputed interest	169
Total	$ 2,752	$ 2,875

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event - Dividend Declared	Nov. 22, 2020$ / shares
Subsequent Event [Line Items]
Dividends payable, declared date	Nov. 22, 2020
Dividends payable, per share amount	$ 0.10
Dividends payable, payable date	Jan. 15, 2021
Dividends declared, record date	Dec. 21, 2020