Korn Ferry (KFY) 10-Q 8 Dec 23 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Oct. 31, 2023	Dec. 04, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2023
Document Transition Report	false
Entity File Number	001-14505
Entity Registrant Name	KORN FERRY
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 1500
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
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	KFY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		52,541,126
Entity Central Index Key	0000056679
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
ASSETS
Cash and cash equivalents	$ 620,836	$ 844,024
Marketable securities	26,149	44,837
Receivables due from clients, net of allowance for doubtful accounts of $47,574 and $44,377 at October 31, 2023 and April 30, 2023, respectively	592,208	569,601
Income taxes and other receivables	66,073	67,512
Unearned compensation	62,533	63,476
Prepaid expenses and other assets	53,741	49,219
Total current assets	1,421,540	1,638,669
Marketable securities, non-current	196,860	179,040
Property and equipment, net	165,815	161,876
Operating lease right-of-use assets, net	122,621	142,690
Cash surrender value of company-owned life insurance policies, net of loans	202,094	197,998
Deferred income taxes	101,099	102,057
Goodwill	907,563	909,491
Intangible assets, net	101,423	114,426
Unearned compensation, non-current	119,357	103,607
Investments and other assets	22,589	24,590
Total assets	3,360,961	3,574,444
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	46,375	53,386
Income taxes payable	19,446	19,969
Compensation and benefits payable	327,129	532,934
Operating lease liability, current	42,774	45,821
Other accrued liabilities	328,395	324,150
Total current liabilities	764,119	976,260
Deferred compensation and other retirement plans	406,220	396,534
Operating lease liability, non-current	100,321	119,220
Long-term debt	396,565	396,194
Deferred tax liabilities	6,629	5,352
Other liabilities	26,607	27,879
Total liabilities	1,700,461	1,921,439
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 77,505 and 76,693 shares issued and 52,656 and 52,269 shares outstanding at October 31, 2023 and April 30, 2023, respectively	435,340	429,754
Retained earnings	1,336,686	1,311,081
Accumulated other comprehensive loss, net	(115,873)	(92,764)
Total Korn Ferry stockholders' equity	1,656,153	1,648,071
Noncontrolling interest	4,347	4,934
Total stockholders' equity	1,660,500	1,653,005
Total liabilities and stockholders' equity	$ 3,360,961	$ 3,574,444

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 47,574	$ 44,377
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000	150,000
Common stock, shares issued (in shares)	77,505	76,693
Common stock, shares outstanding (in shares)	52,656	52,269

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Total revenue	$ 712,447	$ 735,719	$ 1,418,709	$ 1,438,867
Compensation and benefits	453,859	464,766	933,740	930,392
General and administrative expenses	65,737	65,086	131,654	129,543
Depreciation and amortization	19,554	17,093	38,566	33,322
Restructuring charges, net	63,525	0	63,946	0
Total operating expenses	689,631	616,072	1,339,125	1,207,621
Operating income	22,816	119,647	79,584	231,246
Other loss, net	(13,835)	(9,048)	(258)	(8,273)
Interest expense, net	(6,596)	(7,098)	(11,336)	(14,710)
Income before provision for income taxes	2,385	103,501	67,990	208,263
Income tax provision	2,341	28,886	20,761	55,112
Net income	44	74,615	47,229	153,151
Net income attributable to noncontrolling interest	(1,755)	(1,074)	(2,335)	(2,363)
Net (loss) income attributable to Korn Ferry	$ (1,711)	$ 73,541	$ 44,894	$ 150,788
(Loss) earnings per common share attributable to Korn Ferry:
Basic (in usd per share)	$ (0.04)	$ 1.39	$ 0.86	$ 2.85
Diluted (in usd per share)	$ (0.04)	$ 1.38	$ 0.86	$ 2.83
Weighted-average common shares outstanding:
Basic (in shares)	51,328	51,868	51,131	51,820
Diluted (in shares)	51,328	52,005	51,401	52,143
Cash dividends declared per share (in usd per share)	$ 0.18	$ 0.15	$ 0.36	$ 0.30
Fee revenue
Total revenue	$ 704,003	$ 727,849	$ 1,403,192	$ 1,423,752
Cost of services	78,512	61,257	155,702	99,249
Reimbursed out-of-pocket engagement expenses
Total revenue	8,444	7,870	15,517	15,115
Reimbursed expenses
Cost of services	$ 8,444	$ 7,870	$ 15,517	$ 15,115

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 44	$ 74,615	$ 47,229	$ 153,151
Other comprehensive (loss) income:
Foreign currency translation adjustments	(25,684)	(27,774)	(23,218)	(44,079)
Deferred compensation and pension plan adjustments, net of tax	28	54	55	105
Net unrealized gain (loss) on marketable securities, net of tax	37	(258)	172	(311)
Comprehensive (loss) income	(25,575)	46,637	24,238	108,866
Less: comprehensive income attributable to noncontrolling interest	(1,538)	(1,317)	(2,453)	(2,558)
Comprehensive (loss) income attributable to Korn Ferry	$ (27,113)	$ 45,320	$ 21,785	$ 106,308

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Total Korn Ferry Stockholders' Equity	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss, Net	Noncontrolling Interest
Beginning balance (in shares) at Apr. 30, 2022			53,190
Beginning balance at Apr. 30, 2022	$ 1,549,589	$ 1,544,346	$ 502,008	$ 1,134,523	$ (92,185)	$ 5,243
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	78,536	77,247		77,247		1,289
Other comprehensive (loss) income	(16,307)	(16,259)			(16,259)	(48)
Dividends paid to shareholders	(8,703)	(8,703)		(8,703)
Purchase of stock (in shares)			(735)
Purchase of stock	(44,276)	(44,276)	$ (44,276)
Issuance of stock (in shares)			1,047
Issuance of stock	4,857	4,857	$ 4,857
Stock-based compensation	7,538	7,538	$ 7,538
Ending balance (in shares) at Jul. 31, 2022			53,502
Ending balance at Jul. 31, 2022	1,571,234	1,564,750	$ 470,127	1,203,067	(108,444)	6,484
Beginning balance (in shares) at Apr. 30, 2022			53,190
Beginning balance at Apr. 30, 2022	1,549,589	1,544,346	$ 502,008	1,134,523	(92,185)	5,243
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	153,151
Ending balance (in shares) at Oct. 31, 2022			52,909
Ending balance at Oct. 31, 2022	1,582,720	1,578,052	$ 446,280	1,268,437	(136,665)	4,668
Beginning balance (in shares) at Jul. 31, 2022			53,502
Beginning balance at Jul. 31, 2022	1,571,234	1,564,750	$ 470,127	1,203,067	(108,444)	6,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	74,615	73,541		73,541		1,074
Other comprehensive (loss) income	(27,978)	(28,221)			(28,221)	243
Dividends paid to shareholders	(8,171)	(8,171)		(8,171)
Dividends paid to noncontrolling interest	(3,133)					(3,133)
Purchase of stock (in shares)			(627)
Purchase of stock	(33,286)	(33,286)	$ (33,286)
Issuance of stock (in shares)			34
Stock-based compensation	9,439	9,439	$ 9,439
Ending balance (in shares) at Oct. 31, 2022			52,909
Ending balance at Oct. 31, 2022	$ 1,582,720	1,578,052	$ 446,280	1,268,437	(136,665)	4,668
Beginning balance (in shares) at Apr. 30, 2023	52,269		52,269
Beginning balance at Apr. 30, 2023	$ 1,653,005	1,648,071	$ 429,754	1,311,081	(92,764)	4,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	47,185	46,605		46,605		580
Other comprehensive (loss) income	2,628	2,293			2,293	335
Dividends paid to shareholders	(9,627)	(9,627)		(9,627)
Purchase of stock (in shares)			(291)
Purchase of stock	(14,358)	(14,358)	$ (14,358)
Issuance of stock (in shares)			727
Issuance of stock	5,217	5,217	$ 5,217
Stock-based compensation	8,480	8,480	$ 8,480
Ending balance (in shares) at Jul. 31, 2023			52,705
Ending balance at Jul. 31, 2023	$ 1,692,530	1,686,681	$ 429,093	1,348,059	(90,471)	5,849
Beginning balance (in shares) at Apr. 30, 2023	52,269		52,269
Beginning balance at Apr. 30, 2023	$ 1,653,005	1,648,071	$ 429,754	1,311,081	(92,764)	4,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ 47,229
Ending balance (in shares) at Oct. 31, 2023	52,656		52,656
Ending balance at Oct. 31, 2023	$ 1,660,500	1,656,153	$ 435,340	1,336,686	(115,873)	4,347
Beginning balance (in shares) at Jul. 31, 2023			52,705
Beginning balance at Jul. 31, 2023	1,692,530	1,686,681	$ 429,093	1,348,059	(90,471)	5,849
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	44	(1,711)		(1,711)		1,755
Other comprehensive (loss) income	(25,619)	(25,402)			(25,402)	(217)
Dividends paid to shareholders	(9,662)	(9,662)		(9,662)
Dividends paid to noncontrolling interest	(3,040)					(3,040)
Purchase of stock (in shares)			(100)
Purchase of stock	(4,765)	(4,765)	$ (4,765)
Issuance of stock (in shares)			51
Stock-based compensation	$ 11,012	11,012	$ 11,012
Ending balance (in shares) at Oct. 31, 2023	52,656		52,656
Ending balance at Oct. 31, 2023	$ 1,660,500	$ 1,656,153	$ 435,340	$ 1,336,686	$ (115,873)	$ 4,347

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash flows from operating activities:
Net income	$ 47,229	$ 153,151
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	38,566	33,322
Stock-based compensation expense	19,953	17,426
Provision for doubtful accounts	11,787	11,018
Gain on cash surrender value of life insurance policies	(3,947)	(4,890)
Impairment of right-of-use assets	1,629	0
Impairment of fixed assets	1,575	0
Loss on marketable securities	1,024	9,691
Deferred income taxes	1,225	(817)
Change in other assets and liabilities:
Accounts payable and accrued liabilities	(216,582)	(235,729)
Receivables due from clients	(34,394)	(71,747)
Deferred compensation	15,866	18,871
Unearned compensation	(14,807)	(5,785)
Income taxes and other receivables	(7,791)	(12,220)
Prepaid expenses and other assets	(4,522)	(4,209)
Income taxes payable	384	(6,582)
Other	909	(218)
Net cash used in operating activities	(141,896)	(98,718)
Cash flows from investing activities:
Proceeds from sales/maturities of marketable securities	29,731	37,186
Purchase of property and equipment	(31,538)	(36,867)
Purchase of marketable securities	(29,580)	(52,085)
Proceeds from life insurance policies	9,332	1,050
Premium on company-owned life insurance policies	(251)	(289)
Dividends received from unconsolidated subsidiaries	0	150
Cash paid for acquisitions, net of cash acquired	0	(99,322)
Net cash used in investing activities	(22,306)	(150,177)
Cash flows from financing activities:
Dividends paid to shareholders	(19,289)	(16,874)
Payments of tax withholdings on restricted stock	(10,551)	(22,060)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan	4,696	4,371
Repurchases of common stock	(9,527)	(56,891)
Dividends - noncontrolling interest	(3,040)	(3,133)
Principal payments on finance leases	(938)	(814)
Payments on life insurance policy loans	0	(662)
Net cash used in financing activities	(38,649)	(96,063)
Effect of exchange rate changes on cash and cash equivalents	(20,337)	(39,212)
Net decrease in cash and cash equivalents	(223,188)	(384,170)
Cash and cash equivalents at beginning of period	844,024	978,070
Cash and cash equivalents at end of the period	$ 620,836	$ 593,900

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	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 designed to help Korn Ferry focus on clients and collaborate intensively across the organization. This approach is intended to build on the best of the Company’s past and give 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 services its clients with a core set of solutions that are anchored around talent and talent management – essentially touching every aspect of an employer’s engagement with their employees. Our five core solutions are as follows: Organizational Strategy, Assessment and Succession, Leadership and Professional Development, Total Rewards, and Talent Acquisition. Our colleagues engage with our clients through the delivery of one of our core solutions as a point solution sale or through combining component parts of our core solutions into an integrated solution. In either case, we are solving our clients’ most challenging business and human capital issues. Further differentiating our service offerings from our competitors is the unique combination of IP, content, and data sets that we have, which permeate all of our solution areas. For many years, we have been accumulating data around assessments of executives and professionals, pay, success profiles, organizational engagement and design, job architecture, and candidates. Integrating this unique collection of data into our service offerings provides our colleagues with differentiated points of view and solutions, as well as the ability to demonstrate the efficacy of all of our offerings. Over the last three and a half years, we have seen more change in the workplace than we did in the previous 15 years. Today, we find ourselves doing different work and working differently. Employees want to and they are working remotely. People don’t want to be tethered to a single company for their entire career. Rather, they want to have many new and unique experiences across many different employers – a career nomad of sorts. There is growing demand for companies to have responsibilities that go beyond delivering profits to shareholders, covering areas such as Environmental, Social and Governance. The continual advancement of technologies like Generative AI creates a constant demand for workers to be upskilled or reskilled. All of these changes and disruptions lead to opportunities for Korn Ferry and make us more relevant than at any time in our history. We have core and integrated solutions that line up to these issues and help our clients solve their most pressing business and Human Capital challenges. Leveraging the strong connection between our various service offering and our lines of business, we have an integrated go-to-market strategy. As we drive this strategy, a focal point for us is our Marquee and Regional account program which is comprised of about 340 of our top clients that generate approximately 35% of our consolidated fee revenue. These accounts have Global Account Leaders assigned who help to orchestrate the delivery of core and integrated solutions that cut across multiple lines of business – effectively making all of the Firm’s resources available as our clients tackle their business and Human Capital issues. Korn Ferry is poised for continued growth. We are capitalizing on the current and growing relevance of our core and integrated solutions which, in combination with the strong connections amongst all of our service offerings and our M&A activities, drives top-line synergies that have resulted in double digit fee revenue growth rates (CAGR) over the past twenty years. The Company has eight reportable segments that operate through the following five lines of business: 1. Consulting aligns organizational structure, culture, performance and people to drive sustainable growth by addressing four fundamental needs: Organizational Strategy, Assessment and Succession, Leadership and Professional Development, and Total Rewards. This work is enabled by a comprehensive set of Digital Performance Management Tools, based on some of the world’s leading intellectual property (“lP”) and data. The Consulting teams employ an integrated approach across core capabilities and integrated solutions, each one intended to strengthen the work and thinking in the next, to help clients execute their strategy in a digitally enabled world. 2. Digital develops technology-enabled Performance Management Tools that empower our clients. The digital products give clients direct access to Korn Ferry proprietary data, client data and analytics to deliver clear insights with the training and tools needed to align organizational structure with business strategy. 3. Executive Search helps organizations recruit board level, chief executive and other senior executive and general management talent to deliver lasting impact. The Company’s approach to placing talent is bringing together research-based IP, proprietary assessments and behavioral interviewing with practical experience to determine ideal organizational fit. Salary benchmarking then helps the Company build appropriate frameworks for compensation and retention. This business is managed and reported on a geographic basis and represents four of the Company’s reportable segments (Executive Search North America, Executive Search Europe, the Middle East and Africa (“EMEA”), Executive Search Asia Pacific and Executive Search Latin America). 4. Professional Search & Interim delivers enterprise talent acquisition solutions for professional level middle and upper management. The Company helps clients source high-quality candidates at speed and scale globally, covering single-hire to multi-hire permanent placements and interim contractors. 5. Recruitment Process Outsourcing ("RPO") offers scalable recruitment outsourcing solutions leveraging customized technology and talent insights. The Company's scalable solutions, built on science and powered by best-in-class technology and consulting expertise, enable the Company to act as a strategic partner in clients’ quest for superior recruitment outcomes and better candidate fit. 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, 2023 for the Company and its wholly and majority owned/controlled domestic and international subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of the consolidated financial statements conform with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and prevailing practice within the Company's different industries. The accompanying 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 or any other period. 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 materially 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. 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, interim services and RPO, either stand-alone or as part of a solution. 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 Standards Codification (“ASC”) 606 (“ASC 606”), Revenue from Contracts with Customers: 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 indirect engagement-related expenses. In addition to the search retainer, an uptick fee is billed when the actual compensation awarded by the client for a placement is higher than the estimated compensation. In the aggregate, upticks have been a relatively consistent percentage of the original estimated fee; therefore, the Company estimates upticks using the expected value method based on historical data on a portfolio basis. In a standard search engagement, there is one performance obligation, which is the promise to undertake a search. The Company generally recognizes such revenue over the course of a search and when it is legally entitled to payment as outlined in the billing terms of the contract. Any revenues associated with services that are provided on a contingent basis are recognized once the contingency is resolved, as this is when control is transferred to the customer. These assumptions determine the timing of revenue recognition for the reported period. In addition to talent acquisition for permanent placement roles, the Professional Search & Interim segment also offers recruitment services for interim roles. Interim roles are short term in duration, generally less than 12 months. Generally, each interim role is a separate performance obligation. The Company recognizes fee revenue over the duration that the interim resources’ services are provided which also aligns to the contracted invoicing plan and enforceable right to payment. RPO fee revenue is generated through two distinct phases: 1) the implementation phase and 2) the post-implementation recruitment phase. The fees associated with the implementation phase are recognized over the period that the related implementation services are provided. The post-implementation recruitment phase represents end-to-end recruiting services to clients for which there are both fixed and variable fees, which are recognized over the period that the related recruiting services are performed. 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 the 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, 2023 and April 30, 2023, the Company's investments in cash equivalents consisted of money market funds and as of October 31, 2023 also consisted of commercial paper and U.S. Treasury and Agency securities. The Company maintains its cash and cash equivalents in bank accounts that exceed federally insured FDIC limits. The Company has not experienced any losses in such accounts. 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 loss, 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 U.S Treasury and Agency securities. These marketable fixed income (debt) securities are classified as available-for-sale securities based on management’s decision, at the date such securities are acquired, not to hold these securities to maturity or actively trade them. The Company carries these marketable debt securities at fair value based on the market prices for these marketable debt securities or similar debt securities whose prices are readily available. The changes in fair values, net of applicable taxes, are recorded as unrealized gains or losses as a component of comprehensive (loss) income unless the change is due to credit loss. A credit loss is recorded in the statements of operations in other loss, net; any amount in excess of the credit loss is recorded as unrealized losses as a component of comprehensive (loss) income. Generally, the amount of the loss is the difference between the cost or amortized cost and its then current fair value; a credit loss is the difference between the discounted expected future cash flows to be collected from the debt security and the cost or amortized cost of the debt security. During the three and six months ended October 31, 2023 and 2022, no amount was recognized as a credit loss for the Company’s available for sale debt securities. 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, 2023 and April 30, 2023, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts. The carrying amount of 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, Derivatives and Hedging . Accordingly, the fair value of these contracts is recorded as of the end of the reporting period in the accompanying consolidated balance sheets, while the change in fair value is recorded to the accompanying consolidated 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. 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 on the commencement date. As most of the Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at 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, 2023, the Company reduced its real estate footprint and as a result, the Company recognized an impairment charge of ROU assets of $1.6 million and an impairment of leasehold improvements and furniture and fixtures of $0.1 million, both recorded in the consolidated statements of operations in general and administrative expenses. During the three and six months ended October 31, 2023, the Company also recognized a $1.5 million software impairment charge in Digital segment which was recorded in the consolidated statements of operations in general and administrative expenses. During the three and six months ended October 31, 2022, 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. 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, 2023, indicated that the fair value of each of the reporting units exceeded its carrying amount. As a result, no impairment charge was recognized. As of October 31, 2023 and April 30, 2023, there were no indicators of potential impairment with respect to the Company’s goodwill that would require further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases and IP. Intangible assets are recorded at their estimated fair value at the date of acquisition and are amortized in a pattern in which the asset is consumed, if that pattern can be reliably determined, or using the straight-line method over their estimated useful lives, which range from one 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 and Professional Search consultants and revenue and other performance/profitability metrics for Consulting, Digital, Interim and RPO 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 not been significant and are recorded in current operations in the period in which they are determined. The performance-related bonus expense was $97.2 million and $189.3 million during the three and six months ended October 31, 2023, respectively, included in compensation and benefits expense in the consolidated statements of operations. The performance-related bonus expense was $99.8 million and $201.6 million during the three and six months ended October 31, 2022, respectively, included in compensation and benefits expense in the consolidated statements of operations. Other expenses included in compensation and benefits expense are due to changes in deferred compensation and pension plan liabilities, changes in cash surrender value (“CSV”) of company-owned life insurance (“COLI”) contracts, amortization of stock-based compensation awards, commissions, payroll taxes and employee insurance benefits. Unearned compensation on the consolidated balance sheets includes long-term retention awards that are generally amortized over four 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. Recently Adopted Accounting Standards In October 2021, the Financial Accounting Standards Board issued an amendment in accounting for contract assets and contract liabilities from contracts with customers, which clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with ASC 606, Revenue from Contracts with Customers. The amendment of this standard became effective for fiscal years beginning after December 15, 2022 and is to be applied prospectively to business combinations that occur after the effective date. The Company adopted this guidance in its fiscal year beginning May 1, 2023 and the adoption of this guidance did not have a material impact on the consolidated financial statements. Recently Proposed Accounting Standards - Not Yet Adopted In November 2023, the Financial Accounting Standards Board issued an amendment in accounting update for all public entities that are required to report segment information in accordance with Topic 280, Segment Reporting. The amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expense. The amendment of this update are effective for fiscal years beginning after December 15, 2023, and interim periods with fiscal years beginning after December 15, 2024. The Company will adopt this guidance in its fiscal year beginning May 1, 2024. The adoption of this guidance is not anticipated to have material impact

Basic and Diluted (Loss) Earnin

Basic and Diluted (Loss) Earnings Per Share	6 Months Ended
	Oct. 31, 2023
Earnings Per Share [Abstract]
Basic and Diluted (Loss) Earnings Per Share	Basic and Diluted (Loss) Earnings Per Share ASC 260, Earnings Per Share , requires companies to treat unvested share-based payment awards that have non-forfeitable rights to dividends prior to vesting as a separate class of securities in calculating (loss) earnings per share. The Company has granted and expects to continue to grant to certain employees under its restricted stock agreements, grants that contain non-forfeitable rights to dividends. Such grants are considered participating securities. Therefore, the Company is required to apply the two-class method in calculating (loss) earnings per share. The two-class method of computing (loss) earnings per share is an earnings allocation formula that determines (loss) earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The dilutive effect of participating securities is calculated using the more dilutive of the treasury method or the two-class method. Basic (loss) earnings per common share was computed using the two-class method by dividing basic net (loss) earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted (loss) earnings per common share was computed using the two-class method by dividing diluted net (loss) earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. Financial instruments that are not in the form of common stock, but when converted into common stock increase earnings per share or decrease loss per share, are anti-dilutive and are not included in the computation of diluted (loss) earnings per share. For the three months ended October 31, 2023, 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, 2023, restricted stock awards of 2.1 million shares and 1.2 million shares, respectively, were outstanding but not included in the computation of diluted (loss) earnings per share because they were anti-dilutive. During the three and six months ended October 31, 2022, restricted stock awards of 1.6 million shares and 1.2 million shares, respectively, were outstanding but not included in the computation of diluted (loss) earnings per share because they were anti-dilutive. The following table summarizes basic and diluted (loss) earnings per common share attributable to common stockholders: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in thousands, except per share data) Net (loss) income attributable to Korn Ferry $ (1,711) $ 73,541 $ 44,894 $ 150,788 Less: distributed and undistributed earnings to nonvested restricted stockholders 169 1,615 843 3,295 Basic net (loss) earnings attributable to common stockholders (1,880) 71,926 44,051 147,493 Add: undistributed earnings to nonvested restricted stockholders — 1,436 459 2,945 Less: reallocation of undistributed earnings to nonvested restricted stockholders — 1,432 457 2,927 Diluted net (loss) earnings attributable to common stockholders $ (1,880) $ 71,930 $ 44,053 $ 147,511 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 51,328 51,868 51,131 51,820 Effect of dilutive securities: Restricted stock — 134 262 319 ESPP — 3 8 4 Diluted weighted-average number of common shares outstanding 51,328 52,005 51,401 52,143 Net (loss) earnings per common share: Basic (loss) earnings per share $ (0.04) $ 1.39 $ 0.86 $ 2.85 Diluted (loss) earnings per share $ (0.04) $ 1.38 $ 0.86 $ 2.83

Comprehensive (Loss) Income

Comprehensive (Loss) Income	6 Months Ended
	Oct. 31, 2023
Equity [Abstract]
Comprehensive (Loss) Income	Comprehensive (Loss) Income Comprehensive (loss) income is comprised of net (loss) income and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid in capital) and distributions to stockholders (dividends) and is reported in the accompanying consolidated statements of comprehensive (loss) income. Accumulated other comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity. The components of accumulated other comprehensive loss, net were as follows: October 31, April 30, (in thousands) Foreign currency translation adjustments $ (120,196) $ (96,860) Deferred compensation and pension plan adjustments, net of tax 4,436 4,381 Marketable securities unrealized loss, net of tax (113) (285) Accumulated other comprehensive loss, net $ (115,873) $ (92,764) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 31, 2023: Foreign Deferred Unrealized Losses on Marketable Securities Accumulated (in thousands) Balance as of July 31, 2023 $ (94,729) $ 4,408 $ (150) $ (90,471) Unrealized (losses) gains arising during the period (25,467) — 37 (25,430) Reclassification of realized net losses to net income — 28 — 28 Balance as of October 31, 2023 $ (120,196) $ 4,436 $ (113) $ (115,873) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 31, 2023: Foreign Deferred Compensation and Pension Plan Unrealized Losses on Marketable Securities (1) Accumulated (in thousands) Balance as of April 30, 2023 $ (96,860) $ 4,381 $ (285) $ (92,764) Unrealized (losses) gains arising during the period (23,336) — 172 (23,164) Reclassification of realized net losses to net income — 55 — 55 Balance as of October 31, 2023 $ (120,196) $ 4,436 $ (113) $ (115,873) ___________________ (1) The tax effect on the unrealized gains was $0.1 million for the six months ended October 31, 2023. The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 31, 2022: Foreign Deferred Compensation and Pension Plan Unrealized Losses on Marketable Securities (2) Accumulated (in thousands) Balance as of July 31, 2022 $ (108,974) $ 1,012 $ (482) $ (108,444) Unrealized losses arising during the period (28,017) — (258) (28,275) Reclassification of realized net losses to net income — 54 — 54 Balance as of October 31, 2022 $ (136,991) $ 1,066 $ (740) $ (136,665) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 31, 2022: Foreign Deferred Compensation and Pension Plan (1) Unrealized Losses on Marketable Securities (2) Accumulated (in thousands) Balance as of April 30, 2022 $ (92,717) $ 961 $ (429) $ (92,185) Unrealized losses arising during the period (44,274) — (311) (44,585) Reclassification of realized net losses to net income — 105 — 105 Balance as of October 31, 2022 $ (136,991) $ 1,066 $ (740) $ (136,665) ___________________ (1) The tax effect on the reclassifications of realized net losses was $0.1 million for the six months ended October 31, 2022. (2) The tax effect on the unrealized losses were $0.1 million and $0.1 million for the three and six months ended October 31, 2022.

Employee Stock Plans

Employee Stock Plans	6 Months Ended
	Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]
Employee Stock Plans	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 Six Months Ended 2023 2022 2023 2022 (in thousands) Restricted stock $ 11,012 $ 9,439 $ 19,492 $ 16,977 ESPP 213 230 461 449 Total stock-based compensation expense $ 11,225 $ 9,669 $ 19,953 $ 17,426 Stock Incentive Plan At the Company’s 2022 Annual Meeting of Stockholders, held on September 22, 2022, the Company’s stockholders approved the Korn Ferry 2022 Stock Incentive Plan (the "2022 Plan"), which, among other things, increased the total number of shares of the Company’s common stock available for stock-based awards by 1,700,000 shares, leaving 2,248,284 shares available for issuance, subject to certain changes in the Company’s capital structure and other extraordinary events. The 2022 Plan requires a minimum one-year vesting for all future awards, and provides for the grant of awards to eligible participants, designated as either nonqualified or incentive stock options, restricted stock and restricted stock units, any of which are market-based, and incentive bonuses, which may be paid in cash or stock or a combination thereof. Restricted Stock The Company grants time-based restricted stock awards to executive officers and other senior employees that generally vest over a four-year period. In addition, certain key management members typically receive time-based restricted stock awards upon commencement of employment and may receive them annually in conjunction with the Company’s performance review. Time-based restricted stock awards are granted at a price equal to fair value, which is determined based on the closing price of the Company’s common stock on the grant date. The Company recognizes compensation expense for time-based restricted stock awards on a straight-line basis over the vesting period. The Company also grants market-based 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, 2023 is summarized below: Shares Weighted- (in thousands, except per share data) Non-vested, April 30, 2023 2,063 $ 50.12 Granted 854 $ 51.32 Vested (673) $ 39.97 Forfeited/expired (147) $ 53.82 Non-vested, October 31, 2023 2,097 $ 53.61 As of October 31, 2023, there were 0.7 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $26.5 million. As of October 31, 2023, there was $86.2 million of total unrecognized compensation cost related to all non-vested awards of restricted stock, which is expected to be recognized over a weighted-average period of 2.5 years. During the three and six months ended October 31, 2023, 7,848 shares and 209,289 shares of restricted stock totaling $0.4 million and $10.6 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, 2022, 3,969 shares and 369,433 shares of restricted stock totaling $0.2 million and $22.1 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 became effective July 1, 2020. At the Company’s 2022 Annual Meeting of Stockholders, held on September 22, 2022, the Company’s stockholders approved the Korn Ferry Amended and Restated Employee Stock Purchase Plan, which, among other things, increased the total number of shares of the Company’s common stock that may be purchased thereunder by 1,500,000 shares. 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 4.5 million shares. No shares were purchased under the ESPP during the three months ended October 31, 2023 and 2022. During the six months ended October 31, 2023 and 2022, employees purchased 105,311 shares at $44.59 per share and 83,704 shares at $55.22 per share, respectively. As of October 31, 2023, the ESPP had approximately 1.7 million shares remaining available for future issuance. Common Stock During the three and six months ended October 31, 2023, the Company repurchased (on the open market or through privately negotiated transactions) 92,500 shares and 182,500 shares of the Company’s common stock for $4.4 million and $8.6 million, respectively. During the three and six months ended October 31, 2022, the Company repurchased (on the open market or through privately negotiated transactions) 622,500 shares and 992,367 shares of the Company's common stock for $33.1 million and $55.5 million, respectively.

Financial Instruments

Financial Instruments	6 Months Ended
	Oct. 31, 2023
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments The following tables show the Company’s financial instruments and balance sheet classification as of October 31, 2023 and April 30, 2023: October 31, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Other Accrued Liabilities (in thousands) Changes in Fair Value Recorded in Other Comprehensive (Loss) Income Level 2: Commercial paper $ 8,264 $ — $ (5) $ 8,259 $ 3,889 $ 4,370 $ — $ — Corporate notes/bonds 21,622 — (136) 21,486 — 11,727 9,759 — U.S. Treasury and Agency Securities 8,093 — (14) 8,079 4,299 — 3,780 — Total debt investments $ 37,979 $ — $ (155) $ 37,824 $ 8,188 $ 16,097 $ 13,539 $ — Changes in Fair Value Recorded in Net Income (Loss) Level 1: Mutual funds (1) $ 193,373 $ — $ 10,052 $ 183,321 $ — Total equity investments $ 193,373 $ — $ 10,052 $ 183,321 $ — Cash $ 499,666 $ 499,666 $ — $ — $ — Money market funds 112,982 112,982 — — — Level 2: Foreign currency forward contracts (1,460) — — — (1,460) Total $ 842,385 $ 620,836 $ 26,149 $ 196,860 $ (1,460) April 30, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Loss Level 2: Commercial paper $ 11,751 $ — $ (30) $ 11,721 $ — $ 11,721 $ — $ — Corporate notes/bonds 24,754 — (355) 24,399 — 21,492 2,907 — Total debt investments $ 36,505 $ — $ (385) $ 36,120 $ — $ 33,213 $ 2,907 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 187,757 $ — $ 11,624 $ 176,133 $ — Total equity investments $ 187,757 $ — $ 11,624 $ 176,133 $ — Cash $ 696,180 $ 696,180 $ — $ — $ — Money market funds 147,844 147,844 — — — Level 2: Foreign currency forward contracts 2,133 — — — 2,133 Total $ 1,070,034 $ 844,024 $ 44,837 $ 179,040 $ 2,133 ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $177.8 million and $172.2 million as of October 31, 2023 and April 30, 2023, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $21.4 million and $21.9 million as of October 31, 2023 and April 30, 2023, respectively. During the three and six months ended October 31, 2023, the fair value of the investments decreased; therefore, the Company recognized a loss of $13.8 million and $1.0 million, respectively, which was recorded in other loss, net. During the three and six months ended October 31, 2022, the fair value of the investments decreased; therefore, the Company recognized a loss of $9.7 million and $9.7 million, respectively, which was recorded in other loss, net. As of October 31, 2023, available-for-sale marketable securities had remaining maturities ranging from 1 month to 24 months. During the three and six months ended October 31, 2023, there were $9.0 million and $26.2 million in sales/maturities of available-for-sale marketable securities, respectively. During the three and six months ended October 31, 2022, there were $18.6 million and $33.0 million in sales/maturities of available-for-sale marketable securities, respectively. 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. As of October 31, 2023 and April 30, 2023, the Company’s investments in equity securities consisted of mutual funds for which market prices are readily available. Unrealized gains recorded for the period that relate to equity securities still held as of October 31, 2023 were $0.4 million. Unrealized losses recorded for the period that relate to equity securities still held as of October 31, 2022 were $10.7 million. Foreign Currency Forward Contracts Not Designated as Hedges The fair value of derivatives not designated as hedge instruments are as follows: October 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 546 $ 2,813 Derivative liabilities: Foreign currency forward contracts $ 2,006 $ 680 As of October 31, 2023, the total notional amounts of the forward contracts purchased and sold were $107.4 million and $29.9 million, respectively. As of April 30, 2023, the total notional amounts of the forward contracts purchased and sold were $112.7 million and $41.1 million, respectively. The Company recognizes forward contracts as a net asset or net liability on the consolidated balance sheets as such contracts are covered by master netting agreements. During the three and six months ended October 31, 2023, the Company incurred losses of $3.2 million and $1.5 million, respectively, related to forward contracts which are recorded in general and administrative expenses in the accompanying consolidated statements of operations. During the three and six months ended October 31, 2022, the Company incurred losses of $1.5 million and $2.1 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 related to forward contracts offset foreign currency gains that result from transactions denominated in a currency other than the Company’s functional currency. The cash flows related to foreign currency forward contracts are included in cash flows from operating activities.

Deferred Compensation and Retir

Deferred Compensation and Retirement Plans	6 Months Ended
	Oct. 31, 2023
Retirement Benefits [Abstract]
Deferred Compensation and Retirement Plans	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 Six Months Ended 2023 2022 2023 2022 (in thousands) Service cost $ 11,346 $ 10,484 $ 21,179 $ 19,627 Interest cost 3,436 2,437 6,793 4,824 Amortization of actuarial loss 183 218 367 436 Expected return on plan assets (1) (272) (289) (544) (578) Net periodic service credit amortization (102) (102) (203) (203) Net periodic benefit costs (2) $ 14,591 $ 12,748 $ 27,592 $ 24,106 ___________________ (1) The expected long-term rate of return on plan assets was 6.00% and 5.50% for October 31, 2023 and 2022, 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 loss, 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 $279.2 million and $275.1 million as of October 31, 2023 and April 30, 2023, respectively, was offset by outstanding policy loans of $77.1 million and $77.1 million in the accompanying consolidated balance sheets as of October 31, 2023 and April 30, 2023, respectively. The CSV value of the underlying COLI investments increased by $2.0 million and $3.9 million during the three and six months ended October 31, 2023, respectively, and was recorded as a decrease in compensation and benefits expense in the accompanying consolidated statements of operations. The CSV value of the underlying COLI investment increased by $2.9 million and $4.9 million during the three and six months ended October 31, 2022, respectively, and was recorded as a decrease in compensation and benefits expense in the accompanying consolidated statements of operations. The Company’s ECAP is intended to provide certain employees an opportunity to defer their 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 members of 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 The ECAP is accounted for whereby the changes in the fair value of the vested amounts owed to the participants are adjusted with a corresponding charge (or credit) to compensation and benefits costs. During the three months ended October 31, 2023, deferred compensation liability decreased; therefore, the Company recognized a reduction in compensation expense of $12.3 million. Offsetting the decrease in compensation and benefits expense was a decrease in the fair value of marketable securities (held in trust to satisfy obligations of the ECAP liabilities) of $13.8 million during the three months ended October 31, 2023, recorded in other loss, net on the consolidated statements of operations. During the three and six months ended October 31, 2022, deferred compensation liability decreased; therefore, the Company recognized a reduction in compensation expense of $9.5 million and $8.6 million, respectively. Offsetting the decreases in compensation and benefits expense was a decrease in the fair value of marketable securities (held in trust to satisfy obligations of the ECAP liabilities) of $9.7 million during both the three and six months ended October 31, 2022, recorded in other loss, net on the consolidated statements of operations. (see Note 5— Financial Instruments ).

Fee Revenue

Fee Revenue	6 Months Ended
	Oct. 31, 2023
Revenue from Contract with Customer [Abstract]
Fee Revenue	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 we have 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, 2023 and April 30, 2023: October 31, 2023 April 30, 2023 (in thousands) Contract assets-unbilled receivables $ 133,565 $ 99,442 Contract liabilities-deferred revenue $ 223,232 $ 257,067 During the six months ended October 31, 2023, we recognized revenue of $143.9 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, professional search and to most of the fee revenue from the interim business. As of October 31, 2023, 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 $1,050.0 million. Of the $1,050.0 million of remaining performance obligations, the Company expects to recognize approximately $362.0 million in the remainder of fiscal 2024, $406.3 million in fiscal 2025, $173.5 million in fiscal 2026 and the remaining $108.2 million in fiscal 2027 and thereafter. However, this amount should not be considered an indication of the Company’s future revenue as contracts with an initial term of one year or less are not included. Further, our contract terms and conditions allow for clients to increase or decrease the scope of services and such changes do not increase or decrease a performance obligation until the Company has an enforceable right to payment. Disaggregation of Revenue The Company disaggregates its revenue by line of business and further by region for Executive Search. This information is presented in Note 10— Segments . The following table provides further disaggregation of fee revenue by industry: Three Months Ended October 31, 2023 2022 Dollars % Dollars % (dollars in thousands) Industrial $ 204,931 29.1 % $ 206,448 28.4 % Life Sciences/Healthcare 123,865 17.6 133,595 18.4 Financial Services 122,048 17.3 131,199 18.0 Technology 98,129 13.9 124,605 17.1 Consumer Goods 96,996 13.8 99,280 13.6 Education/Non–Profit/General 58,034 8.3 32,722 4.5 Fee Revenue $ 704,003 100.0 % $ 727,849 100.0 % Six Months Ended October 31, 2023 2022 Dollars % Dollars % (dollars in thousands) Industrial $ 406,849 29.0 % $ 402,357 28.3 % Financial Services 250,372 17.9 249,998 17.5 Life Sciences/Healthcare 243,219 17.3 266,799 18.7 Technology 213,902 15.2 247,257 17.4 Consumer Goods 193,423 13.8 195,228 13.7 Education/Non–Profit/General 95,427 6.8 62,113 4.4 Fee Revenue $ 1,403,192 100.0 % $ 1,423,752 100.0 %

Credit Losses

Credit Losses	6 Months Ended
	Oct. 31, 2023
Credit Loss [Abstract]
Credit Losses	Credit Losses The Company is exposed to credit losses primarily through the services it provides. 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 the 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 activity in the allowance for credit losses on the Company's trade receivables is as follows: (in thousands) Balance at April 30, 2023 $ 44,377 Provision for credit losses 11,787 Write-offs (8,025) Recoveries of amounts previously written off 29 Foreign currency translation (594) Balance at October 31, 2023 $ 47,574 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 12 Months or longer Balance Sheet Classification Fair Value Unrealized Losses Fair Value Unrealized Losses Cash and Cash Marketable Securities, Marketable (in thousands) Balance at October 31, 2023 Commercial paper $ 8,259 $ 5 $ — $ — $ 3,889 $ 4,370 $ — Corporate notes/bonds $ 10,886 $ 32 $ 10,235 $ 104 $ — $ 11,727 $ 9,394 U.S. Treasury and Agency Securities $ 8,079 $ 14 $ — $ — $ 4,299 $ — $ 3,780 Balance at April 30, 2023 Commercial paper $ 8,229 $ 26 $ 3,492 $ 4 $ — $ 11,721 $ — Corporate notes/bonds $ 9,581 $ 123 $ 13,815 $ 232 $ — $ 20,489 $ 2,907 The Company only purchases high grade bonds

Income Taxes

Income Taxes	6 Months Ended
	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income tax was an expense of $2.3 million and $20.8 million in the three and six months ended October 31, 2023, with an effective tax rate of 98.2% and 30.5%, respectively, compared to an expense of $28.9 million and $55.1 million in the three and six months ended October 31, 2022, with an effective tax rate of 27.9% and 26.5%, respectively. The effective tax rate for the three months ended October 31, 2023 was elevated due to lower earnings primarily resulting from restructuring charges recorded in the three months ended October 31, 2023. Also, in addition to the impact of U.S. state income taxes and the jurisdictional mix of earnings, which generally create variability in our effective tax rate over time, the tax benefit recorded in connection with the windfall from stock-based awards that vested during the three and six months ended October 31, 2023 was less than the benefit recorded in connection with the windfall from stock-based awards that vested in the three and six months ended October 31, 2022. The windfall is the amount by which the Company's tax deduction for these awards, based on the fair market value of the awards on the date of vesting, is greater than the expense recorded in the Company's financial statements over the awards' vesting period.

Segments

Segments	6 Months Ended
	Oct. 31, 2023
Segment Reporting [Abstract]
Segments	Segments The Company has eight reportable segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, Professional Search & Interim and RPO. The Company’s eight reportable segments operate through the following five lines of business: 1. Consulting aligns organizational structure, culture, performance and people to drive sustainable growth by addressing four fundamental needs: Organizational Strategy, Assessment and Succession, Leadership and Professional Development and Total Rewards. This work is enabled by a set of Digital Performance Management Tools, based on some of the world’s leading lP and data. The Consulting teams employ an integrated approach across our core capabilities and integrated solutions, each one intended to strengthen the work and thinking in the next, to help clients execute their strategy in a digitally enabled world. 2. Digital develops technology-enabled Performance Management Tools that empower our clients. The digital products give clients direct access to Korn Ferry proprietary data, client data, and analytics to deliver clear insights with the training and tools needed to align organizational structure with business strategy. 3. Executive Search helps organizations recruit board level, chief executive and other senior executive and general management talent to deliver lasting impact. The Company’s approach to placing talent is bringing together research-based IP, proprietary assessments and behavioral interviewing with practical experience to determine the ideal organizational fit. Salary benchmarking then helps the Company build appropriate frameworks for compensation and retention. This business is managed and reported on a geographic basis and represents four of the Company’s reportable segments (Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific and Executive Search Latin America). 4. Professional Search & Interim delivers enterprise talent acquisition solutions for professional level middle and upper management. The Company helps clients source high-quality candidates at speed and scale globally, covering single-hire to multi-hire permanent placements and interim contractors. 5. RPO offers scalable recruitment outsourcing solutions leveraging customized technology and talent insights. The Company's scalable solutions, built on science and powered by best-in-class technology and consulting expertise, enables the Company to act as a strategic partner in clients’ quest for superior recruitment outcomes and better candidate fit. Executive Search is managed by geographic regional leaders. Worldwide operations for Consulting, Professional Search & Interim and RPO are managed by their Chief Executive Officers. Beginning in the second quarter of fiscal 2024, Digital is led by the President of Technology. The Executive Search geographic regional leaders, the Chief Executive Officers of Consulting, Professional Search & Interim and RPO and the President of Technology report directly to the Chief Executive Officer of the Company. The Company also operates Corporate to record global expenses. The Company evaluates performance and allocates resources based on the Company’s chief operating decision maker (“CODM”) 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 impairment charges). The CODM is not provided asset information by reportable segment. Financial highlights are as follows: Three Months Ended October 31, Six Months Ended October 31, 2023 2022 2023 2022 Consolidated (in thousands) Fee revenue $ 704,003 $ 727,849 $ 1,403,192 $ 1,423,752 Total revenue $ 712,447 $ 735,719 $ 1,418,709 $ 1,438,867 Net (loss) income attributable to Korn Ferry $ (1,711) $ 73,541 $ 44,894 $ 150,788 Net income attributable to noncontrolling interest 1,755 1,074 2,335 2,363 Other loss, net 13,835 9,048 258 8,273 Interest expense, net 6,596 7,098 11,336 14,710 Income tax provision 2,341 28,886 20,761 55,112 Operating income 22,816 119,647 79,584 231,246 Depreciation and amortization 19,554 17,093 38,566 33,322 Other loss, net (13,835) (9,048) (258) (8,273) Integration/acquisition costs 5,030 3,411 9,158 7,016 Impairment of fixed assets 1,452 — 1,575 — Impairment of right-of-use assets — — 1,629 — Restructuring charges, net 63,525 — 63,946 — Adjusted EBITDA (1) $ 98,542 $ 131,103 $ 194,200 $ 263,311 ___________________ (1) Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net. Financial highlights by reportable segments are as follows: Three Months Ended October 31, 2023 2022 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 177,795 $ 180,953 $ 28,928 $ 173,092 $ 175,845 $ 31,089 Digital 97,092 97,157 28,983 94,329 94,577 27,524 Executive Search: North America 132,512 133,933 29,436 142,485 144,147 37,969 EMEA 43,098 43,315 5,619 44,645 44,919 8,081 Asia Pacific 19,304 19,460 3,875 23,408 23,523 5,834 Latin America 8,079 8,085 805 7,821 7,822 2,607 Professional Search & Interim 138,384 139,455 25,622 134,743 135,762 32,457 RPO 87,739 90,089 8,855 107,326 109,124 16,004 Corporate — — (33,581) — — (30,462) Consolidated $ 704,003 $ 712,447 $ 98,542 $ 727,849 $ 735,719 $ 131,103 Six Months Ended October 31, 2023 2022 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 345,883 $ 351,746 $ 54,108 $ 339,576 $ 344,580 $ 60,639 Digital 185,078 185,169 53,308 178,090 178,392 51,702 Executive Search: North America 260,010 263,346 58,192 294,029 297,031 81,718 EMEA 89,874 90,450 11,257 91,701 92,248 16,596 Asia Pacific 43,843 44,070 10,190 49,789 49,975 13,185 Latin America 14,500 14,507 2,546 15,629 15,631 5,224 Professional Search & Interim 280,563 282,524 49,951 233,690 235,814 61,618 RPO 183,441 186,897 19,326 221,248 225,196 33,713 Corporate — — (64,678) — — (61,084) Consolidated $ 1,403,192 $ 1,418,709 $ 194,200 $ 1,423,752 $ 1,438,867 $ 263,311

Long-Term Debt

Long-Term Debt	6 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	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. 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 credit facilities. 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, plus 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 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 was 4.86% as of October 31, 2023. As of October 31, 2023 and April 30, 2023, the fair value of the Notes was $365.5 million and $381.5 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, April 30, Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (3,435) (3,806) Long-term borrowings, net of unamortized discount and debt issuance costs $ 396,565 $ 396,194 Credit Facilities On June 24, 2022, the Company entered into an amendment (the “Amendment”) to its December 16, 2019 Credit Agreement (the “Credit Agreement”; as amended by the Amendment, the “Amended Credit Agreement”) with a syndicate of banks and Bank of America, National Association as administrative agent, to, among other things, (i) extend the existing maturity date of the revolving facility to June 24, 2027, (ii) provide for a new delayed draw term loan facility as described below, (iii) replace the London interbank offered rate with forward-looking Secured Overnight Financing Rate ("SOFR") term rate (“Term SOFR”) as described below, and (iv) replace the existing financial covenants with the financial covenant described below. The Amended Credit Agreement provides for five-year senior secured credit facilities in an aggregate amount of $1,150.0 million comprised of a $650.0 million revolving credit facility (the “Revolver”) and a $500.0 million delayed draw term loan facility (the “Delayed Draw Facility”, and together with the Revolver, the “Credit Facilities”). The Delayed Draw Facility expired on June 24, 2023. The Amended Credit Agreement also provides that, under certain circumstances, the Company may incur term loans or increase the aggregate principal amount of revolving commitments by an aggregate amount up to $250.0 million plus an unlimited amount subject to a consolidated secured net leverage ratio of 3.25 to 1.00. The Amended Credit Agreement contains certain customary affirmative and negative covenants that, among other things, restrict the Company’s ability to incur additional indebtedness, grant liens and make certain acquisitions, investments, asset dispositions and restricted payments. In addition, the Amended Credit Agreement contains a covenant that requires the Company to maintain a maximum consolidated secured leverage ratio of 3.50 to 1.00 (which may be temporarily increased to 4.00 following certain material acquisitions under certain circumstances) (the “Financial Covenant”). The principal balance of the Revolver, if any, is due at maturity. The Credit Facilities mature on June 24, 2027 and any unpaid principal balance is payable on this date. The Credit Facilities may also be prepaid and terminated early by the Company at any time without premium or penalty (subject to customary breakage fees). Amounts outstanding under the Amended Credit Agreement will bear interest at a rate equal to, at the Company’s election, either Term SOFR plus a SOFR adjustment of 0.10%, plus an interest rate margin between 1.125% per annum and 2.00% per annum, depending on the Company’s consolidated net leverage ratio, or base rate plus an interest rate margin between 0.125% per annum and 1.00% per annum depending on the Company’s consolidated net leverage ratio. In addition, the Company will be required to pay to the lenders a quarterly commitment fee ranging from 0.175% to 0.300% per annum on the actual 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. As of October 31, 2023 and April 30, 2023, there was no outstanding liability under the Credit Facilities. The unamortized debt issuance costs associated with the Amended Credit Agreement was $3.7 million and $4.2 million as of October 31, 2023 and April 30, 2023, 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, 2023, the Company was in compliance with its debt covenants. The Company had a total of $645.4 million and $1,145.4 million available under the Credit Facilities after $4.6 million and $4.6 million of standby letters of credit were issued as of October 31, 2023 and April 30, 2023, respectively. Of the amount available under the Credit Facilities as of April 30, 2023, $500.0 million was under the Delayed Draw Facility that expired on June 24, 2023. The Company had a total of $10.8 million and $11.5 million of standby letters with other financial institutions as of October 31, 2023 and April 30, 2023, respectively. The standby letters of credit were generally issued as a result of entering into office premise leases.

Leases

Leases	6 Months Ended
	Oct. 31, 2023
Leases [Abstract]
Leases	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 accounts 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 the 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 and have remaining terms that range from less than one year to nine 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. During the six months ended October 31, 2023, the Company reduced its real estate footprint and as a result recorded an impairment charge of the ROU assets of $1.6 million in the consolidated statements of operations. No impairment charge of the ROU assets was recorded during the three months ended October 31, 2023 and the three and six months ended October 31, 2022. The components of lease expense were as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in thousands) Finance lease cost Amortization of ROU assets $ 448 $ 365 $ 850 $ 738 Interest on lease liabilities 54 46 108 94 502 411 958 832 Operating lease cost 11,389 12,203 23,086 24,618 Short-term lease cost 222 270 491 433 Variable lease cost 3,724 1,583 6,915 4,238 Lease impairment cost — — 1,629 — Sublease income (1,051) (738) (2,114) (1,245) Total lease cost $ 14,786 $ 13,729 $ 30,965 $ 28,876 Supplemental cash flow information related to leases was as follows: Six Months Ended 2023 2022 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 26,635 $ 29,114 Financing cash flows from finance leases $ 938 $ 814 ROU assets obtained in exchange for lease obligations: Operating leases $ 4,109 $ 9,589 Finance leases $ 714 $ 2,497 Supplemental balance sheet information related to leases was as follows: October 31, 2023 April 30, 2023 (in thousands) Finance Leases: Property and equipment, at cost $ 7,253 $ 7,103 Accumulated depreciation (3,149) (2,741) Property and equipment, net $ 4,104 $ 4,362 Other accrued liabilities $ 1,373 $ 1,372 Other liabilities 2,810 3,053 Total finance lease liabilities $ 4,183 $ 4,425 Weighted average remaining lease terms: Operating leases 4.2 years 4.5 years Finance leases 3.5 years 3.8 years Weighted average discount rate: Operating leases 4.9 % 4.5 % Finance leases 5.1 % 4.7 % Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2024 (excluding the six months ended October 31, 2023) $ 25,365 $ 793 2025 44,791 1,467 2026 40,004 1,108 2027 21,325 712 2028 10,274 472 Thereafter 15,967 7 Total lease payments 157,726 4,559 Less: imputed interest 14,631 376 Total $ 143,095 $ 4,183
Leases	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 accounts 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 the 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 and have remaining terms that range from less than one year to nine 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. During the six months ended October 31, 2023, the Company reduced its real estate footprint and as a result recorded an impairment charge of the ROU assets of $1.6 million in the consolidated statements of operations. No impairment charge of the ROU assets was recorded during the three months ended October 31, 2023 and the three and six months ended October 31, 2022. The components of lease expense were as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in thousands) Finance lease cost Amortization of ROU assets $ 448 $ 365 $ 850 $ 738 Interest on lease liabilities 54 46 108 94 502 411 958 832 Operating lease cost 11,389 12,203 23,086 24,618 Short-term lease cost 222 270 491 433 Variable lease cost 3,724 1,583 6,915 4,238 Lease impairment cost — — 1,629 — Sublease income (1,051) (738) (2,114) (1,245) Total lease cost $ 14,786 $ 13,729 $ 30,965 $ 28,876 Supplemental cash flow information related to leases was as follows: Six Months Ended 2023 2022 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 26,635 $ 29,114 Financing cash flows from finance leases $ 938 $ 814 ROU assets obtained in exchange for lease obligations: Operating leases $ 4,109 $ 9,589 Finance leases $ 714 $ 2,497 Supplemental balance sheet information related to leases was as follows: October 31, 2023 April 30, 2023 (in thousands) Finance Leases: Property and equipment, at cost $ 7,253 $ 7,103 Accumulated depreciation (3,149) (2,741) Property and equipment, net $ 4,104 $ 4,362 Other accrued liabilities $ 1,373 $ 1,372 Other liabilities 2,810 3,053 Total finance lease liabilities $ 4,183 $ 4,425 Weighted average remaining lease terms: Operating leases 4.2 years 4.5 years Finance leases 3.5 years 3.8 years Weighted average discount rate: Operating leases 4.9 % 4.5 % Finance leases 5.1 % 4.7 % Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2024 (excluding the six months ended October 31, 2023) $ 25,365 $ 793 2025 44,791 1,467 2026 40,004 1,108 2027 21,325 712 2028 10,274 472 Thereafter 15,967 7 Total lease payments 157,726 4,559 Less: imputed interest 14,631 376 Total $ 143,095 $ 4,183

Restructuring Charges, Net

Restructuring Charges, Net	6 Months Ended
	Oct. 31, 2023
Restructuring Charges [Abstract]
Restructuring Charges, Net	Restructuring Charges, Net In light of the challenging macroeconomic business environment arising from persistent inflationary pressures, rising interest rates and global economic and geopolitical uncertainty, on October 23, 2023, the Company initiated a plan (the “Plan”) intended to align its workforce with its current business realities through position eliminations. Due to the implementation of the Plan, the Company recorded restructuring charges of $63.5 million in the three months ended October 31, 2023 across all lines of business related to severance for positions that were eliminated. During the six months ended October 31, 2023, the Company also made adjustments to previously recorded restructuring accruals resulting in additional restructuring charges of $0.4 million. There were no restructuring charges for the three and six months ended October 31, 2022. Changes in the restructuring liability during the three months ended October 31, 2023 were as follows: Restructuring Liability (in thousands) As of July 31, 2023 $ 4,300 Restructuring charges, net 63,525 Reductions for cash payments (3,608) Reductions for non-cash payments (15,421) Exchange rate fluctuations (143) As of October 31, 2023 $ 48,653 Changes in the restructuring liability during the six months ended October 31, 2023 were as follows: Restructuring Liability (in thousands) As of April 30, 2023 $ 8,004 Restructuring charges, net 63,946 Reductions for cash payments (7,717) Reductions for non-cash payments (15,421) Exchange rate fluctuations (159) As of October 31, 2023 $ 48,653 As of October 31, 2023 and April 30, 2023, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets. Restructuring charges incurred by segment were as follows: October 31, 2023 Three Months Ended Six Months Ended (in thousands) Consulting $ 17,571 $ 17,820 Digital 8,851 8,851 Executive Search: North America 7,427 7,427 EMEA 16,238 16,410 Asia Pacific 1,963 1,963 Latin America 110 110 Professional Search & Interim 3,778 3,778 RPO 7,195 7,195 Corporate 392 392 Consolidated $ 63,525 $ 63,946

Subsequent Event

Subsequent Event	6 Months Ended
	Oct. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Quarterly Dividend Declaration On December 5, 2023, the Board of Directors of the Company approved an increase of 83% in the Company's quarterly dividend policy to $0.33 per share and declared a $0.33 per share dividend with a payment date of January 12, 2024 to holders of the Company’s common stock of record at the close of business on December 21, 2023. 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 condition, 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.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Pay vs Performance Disclosure
Net (loss) income attributable to Korn Ferry	$ (1,711)	$ 73,541	$ 44,894	$ 150,788

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Oct. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2023
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, 2023 for the Company and its wholly and majority owned/controlled domestic and international subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of the consolidated financial statements conform with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and prevailing practice within the Company's different industries. The accompanying 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 or any other period. 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 materially 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.
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, interim services and RPO, either stand-alone or as part of a solution. 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 Standards Codification (“ASC”) 606 (“ASC 606”), Revenue from Contracts with Customers: 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 indirect engagement-related expenses. In addition to the search retainer, an uptick fee is billed when the actual compensation awarded by the client for a placement is higher than the estimated compensation. In the aggregate, upticks have been a relatively consistent percentage of the original estimated fee; therefore, the Company estimates upticks using the expected value method based on historical data on a portfolio basis. In a standard search engagement, there is one performance obligation, which is the promise to undertake a search. The Company generally recognizes such revenue over the course of a search and when it is legally entitled to payment as outlined in the billing terms of the contract. Any revenues associated with services that are provided on a contingent basis are recognized once the contingency is resolved, as this is when control is transferred to the customer. These assumptions determine the timing of revenue recognition for the reported period. In addition to talent acquisition for permanent placement roles, the Professional Search & Interim segment also offers recruitment services for interim roles. Interim roles are short term in duration, generally less than 12 months. Generally, each interim role is a separate performance obligation. The Company recognizes fee revenue over the duration that the interim resources’ services are provided which also aligns to the contracted invoicing plan and enforceable right to payment. RPO fee revenue is generated through two distinct phases: 1) the implementation phase and 2) the post-implementation recruitment phase. The fees associated with the implementation phase are recognized over the period that the related implementation services are provided. The post-implementation recruitment phase represents end-to-end recruiting services to clients for which there are both fixed and variable fees, which are recognized over the period that the related recruiting services are performed.
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 the 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, 2023 and April 30, 2023, the Company's investments in cash equivalents consisted of money market funds and as of October 31, 2023 also consisted of commercial paper and U.S. Treasury and Agency securities. The Company maintains its cash and cash equivalents in bank accounts that exceed federally insured FDIC limits. The Company has not experienced any losses in such accounts.
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 loss, 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 U.S Treasury and Agency securities. These marketable fixed income (debt) securities are classified as available-for-sale securities based on management’s decision, at the date such securities are acquired, not to hold these securities to maturity or actively trade them. The Company carries these marketable debt securities at fair value based on the market prices for these marketable debt securities or similar debt securities whose prices are readily available. The changes in fair values, net of applicable taxes, are recorded as unrealized gains or losses as a component of comprehensive (loss) income unless the change is due to credit loss. A credit loss is recorded in the statements of operations in other loss, net; any amount in excess of the credit loss is recorded as unrealized losses as a component of comprehensive (loss) income. Generally, the amount of the loss is the difference between the cost or amortized cost and its then current fair value; a credit loss is the difference between the discounted expected future cash flows to be collected from the debt security and the cost or amortized cost of the debt security. During the three and six months ended October 31, 2023 and 2022, no amount was recognized as a credit loss for the Company’s available for sale debt securities.
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, 2023 and April 30, 2023, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts. The carrying amount of 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, Derivatives and Hedging . Accordingly, the fair value of these contracts is recorded as of the end of the reporting period in the accompanying consolidated balance sheets, while the change in fair value is recorded to the accompanying consolidated 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.
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 on the commencement date. As most of the Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at 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, 2023, the Company reduced its real estate footprint and as a result, the Company recognized an impairment charge of ROU assets of $1.6 million and an impairment of leasehold improvements and furniture and fixtures of $0.1 million, both recorded in the consolidated statements of operations in general and administrative expenses. During the three and six months ended October 31, 2023, the Company also recognized a $1.5 million software impairment charge in Digital segment which was recorded in the consolidated statements of operations in general and administrative expenses. During the three and six months ended October 31, 2022, 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. 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, 2023, indicated that the fair value of each of the reporting units exceeded its carrying amount. As a result, no impairment charge was recognized. As of October 31, 2023 and April 30, 2023, there were no indicators of potential impairment with respect to the Company’s goodwill that would require further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases and IP. Intangible assets are recorded at their estimated fair value at the date of acquisition and are amortized in a pattern in which the asset is consumed, if that pattern can be reliably determined, or using the straight-line method over their estimated useful lives, which range from one
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 and Professional Search consultants and revenue and other performance/profitability metrics for Consulting, Digital, Interim and RPO 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 not been significant and are recorded in current operations in the period in which they are determined. The performance-related bonus expense was $97.2 million and $189.3 million during the three and six months ended October 31, 2023, respectively, included in compensation and benefits expense in the consolidated statements of operations. The performance-related bonus expense was $99.8 million and $201.6 million during the three and six months ended October 31, 2022, respectively, included in compensation and benefits expense in the consolidated statements of operations. Other expenses included in compensation and benefits expense are due to changes in deferred compensation and pension plan liabilities, changes in cash surrender value (“CSV”) of company-owned life insurance (“COLI”) contracts, amortization of stock-based compensation awards, commissions, payroll taxes and employee insurance benefits. Unearned compensation on the consolidated balance sheets includes long-term retention awards that are generally amortized over four
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.
Recently Proposed Accounting Standards - Not Yet Adopted	Recently Adopted Accounting Standards In October 2021, the Financial Accounting Standards Board issued an amendment in accounting for contract assets and contract liabilities from contracts with customers, which clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with ASC 606, Revenue from Contracts with Customers. The amendment of this standard became effective for fiscal years beginning after December 15, 2022 and is to be applied prospectively to business combinations that occur after the effective date. The Company adopted this guidance in its fiscal year beginning May 1, 2023 and the adoption of this guidance did not have a material impact on the consolidated financial statements. Recently Proposed Accounting Standards - Not Yet Adopted In November 2023, the Financial Accounting Standards Board issued an amendment in accounting update for all public entities that are required to report segment information in accordance with Topic 280, Segment Reporting. The amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expense. The amendment of this update are effective for fiscal years beginning after December 15, 2023, and interim periods with fiscal years beginning after December 15, 2024. The Company will adopt this guidance in its fiscal year beginning May 1, 2024. The adoption of this guidance is not anticipated to have material impact on the consolidated financial statements.

Basic and Diluted (Loss) Earn_2

Basic and Diluted (Loss) Earnings Per Share (Tables)	6 Months Ended
	Oct. 31, 2023
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Common Share Attributable to Common Stockholders	The following table summarizes basic and diluted (loss) earnings per common share attributable to common stockholders: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in thousands, except per share data) Net (loss) income attributable to Korn Ferry $ (1,711) $ 73,541 $ 44,894 $ 150,788 Less: distributed and undistributed earnings to nonvested restricted stockholders 169 1,615 843 3,295 Basic net (loss) earnings attributable to common stockholders (1,880) 71,926 44,051 147,493 Add: undistributed earnings to nonvested restricted stockholders — 1,436 459 2,945 Less: reallocation of undistributed earnings to nonvested restricted stockholders — 1,432 457 2,927 Diluted net (loss) earnings attributable to common stockholders $ (1,880) $ 71,930 $ 44,053 $ 147,511 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 51,328 51,868 51,131 51,820 Effect of dilutive securities: Restricted stock — 134 262 319 ESPP — 3 8 4 Diluted weighted-average number of common shares outstanding 51,328 52,005 51,401 52,143 Net (loss) earnings per common share: Basic (loss) earnings per share $ (0.04) $ 1.39 $ 0.86 $ 2.85 Diluted (loss) earnings per share $ (0.04) $ 1.38 $ 0.86 $ 2.83

Comprehensive (Loss) Income (Ta

Comprehensive (Loss) Income (Tables)	6 Months Ended
	Oct. 31, 2023
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss, net were as follows: October 31, April 30, (in thousands) Foreign currency translation adjustments $ (120,196) $ (96,860) Deferred compensation and pension plan adjustments, net of tax 4,436 4,381 Marketable securities unrealized loss, net of tax (113) (285) Accumulated other comprehensive loss, net $ (115,873) $ (92,764)
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, 2023: Foreign Deferred Unrealized Losses on Marketable Securities Accumulated (in thousands) Balance as of July 31, 2023 $ (94,729) $ 4,408 $ (150) $ (90,471) Unrealized (losses) gains arising during the period (25,467) — 37 (25,430) Reclassification of realized net losses to net income — 28 — 28 Balance as of October 31, 2023 $ (120,196) $ 4,436 $ (113) $ (115,873) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 31, 2023: Foreign Deferred Compensation and Pension Plan Unrealized Losses on Marketable Securities (1) Accumulated (in thousands) Balance as of April 30, 2023 $ (96,860) $ 4,381 $ (285) $ (92,764) Unrealized (losses) gains arising during the period (23,336) — 172 (23,164) Reclassification of realized net losses to net income — 55 — 55 Balance as of October 31, 2023 $ (120,196) $ 4,436 $ (113) $ (115,873) ___________________ (1) The tax effect on the unrealized gains was $0.1 million for the six months ended October 31, 2023. The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 31, 2022: Foreign Deferred Compensation and Pension Plan Unrealized Losses on Marketable Securities (2) Accumulated (in thousands) Balance as of July 31, 2022 $ (108,974) $ 1,012 $ (482) $ (108,444) Unrealized losses arising during the period (28,017) — (258) (28,275) Reclassification of realized net losses to net income — 54 — 54 Balance as of October 31, 2022 $ (136,991) $ 1,066 $ (740) $ (136,665) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 31, 2022: Foreign Deferred Compensation and Pension Plan (1) Unrealized Losses on Marketable Securities (2) Accumulated (in thousands) Balance as of April 30, 2022 $ (92,717) $ 961 $ (429) $ (92,185) Unrealized losses arising during the period (44,274) — (311) (44,585) Reclassification of realized net losses to net income — 105 — 105 Balance as of October 31, 2022 $ (136,991) $ 1,066 $ (740) $ (136,665) ___________________ (1) The tax effect on the reclassifications of realized net losses was $0.1 million for the six months ended October 31, 2022. (2) The tax effect on the unrealized losses were $0.1 million and $0.1 million for the three and six months ended October 31, 2022.

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	6 Months Ended
	Oct. 31, 2023
Share-Based Payment Arrangement [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 Six Months Ended 2023 2022 2023 2022 (in thousands) Restricted stock $ 11,012 $ 9,439 $ 19,492 $ 16,977 ESPP 213 230 461 449 Total stock-based compensation expense $ 11,225 $ 9,669 $ 19,953 $ 17,426
Restricted Stock Activity	Restricted stock activity during the six months ended October 31, 2023 is summarized below: Shares Weighted- (in thousands, except per share data) Non-vested, April 30, 2023 2,063 $ 50.12 Granted 854 $ 51.32 Vested (673) $ 39.97 Forfeited/expired (147) $ 53.82 Non-vested, October 31, 2023 2,097 $ 53.61

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Oct. 31, 2023
Fair Value Disclosures [Abstract]
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of October 31, 2023 and April 30, 2023: October 31, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Other Accrued Liabilities (in thousands) Changes in Fair Value Recorded in Other Comprehensive (Loss) Income Level 2: Commercial paper $ 8,264 $ — $ (5) $ 8,259 $ 3,889 $ 4,370 $ — $ — Corporate notes/bonds 21,622 — (136) 21,486 — 11,727 9,759 — U.S. Treasury and Agency Securities 8,093 — (14) 8,079 4,299 — 3,780 — Total debt investments $ 37,979 $ — $ (155) $ 37,824 $ 8,188 $ 16,097 $ 13,539 $ — Changes in Fair Value Recorded in Net Income (Loss) Level 1: Mutual funds (1) $ 193,373 $ — $ 10,052 $ 183,321 $ — Total equity investments $ 193,373 $ — $ 10,052 $ 183,321 $ — Cash $ 499,666 $ 499,666 $ — $ — $ — Money market funds 112,982 112,982 — — — Level 2: Foreign currency forward contracts (1,460) — — — (1,460) Total $ 842,385 $ 620,836 $ 26,149 $ 196,860 $ (1,460) April 30, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Loss Level 2: Commercial paper $ 11,751 $ — $ (30) $ 11,721 $ — $ 11,721 $ — $ — Corporate notes/bonds 24,754 — (355) 24,399 — 21,492 2,907 — Total debt investments $ 36,505 $ — $ (385) $ 36,120 $ — $ 33,213 $ 2,907 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 187,757 $ — $ 11,624 $ 176,133 $ — Total equity investments $ 187,757 $ — $ 11,624 $ 176,133 $ — Cash $ 696,180 $ 696,180 $ — $ — $ — Money market funds 147,844 147,844 — — — Level 2: Foreign currency forward contracts 2,133 — — — 2,133 Total $ 1,070,034 $ 844,024 $ 44,837 $ 179,040 $ 2,133 ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $177.8 million and $172.2 million as of October 31, 2023 and April 30, 2023, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $21.4 million and $21.9 million as of October 31, 2023 and April 30, 2023, respectively. During the three and six months ended October 31, 2023, the fair value of the investments decreased; therefore, the Company recognized a loss of $13.8 million and $1.0 million, respectively, which was recorded in other loss, net. During the three and six months ended October 31, 2022, the fair value of the investments decreased; therefore, the Company recognized a loss of $9.7 million and $9.7 million, respectively, which was recorded in other loss, net.
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of October 31, 2023 and April 30, 2023: October 31, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Other Accrued Liabilities (in thousands) Changes in Fair Value Recorded in Other Comprehensive (Loss) Income Level 2: Commercial paper $ 8,264 $ — $ (5) $ 8,259 $ 3,889 $ 4,370 $ — $ — Corporate notes/bonds 21,622 — (136) 21,486 — 11,727 9,759 — U.S. Treasury and Agency Securities 8,093 — (14) 8,079 4,299 — 3,780 — Total debt investments $ 37,979 $ — $ (155) $ 37,824 $ 8,188 $ 16,097 $ 13,539 $ — Changes in Fair Value Recorded in Net Income (Loss) Level 1: Mutual funds (1) $ 193,373 $ — $ 10,052 $ 183,321 $ — Total equity investments $ 193,373 $ — $ 10,052 $ 183,321 $ — Cash $ 499,666 $ 499,666 $ — $ — $ — Money market funds 112,982 112,982 — — — Level 2: Foreign currency forward contracts (1,460) — — — (1,460) Total $ 842,385 $ 620,836 $ 26,149 $ 196,860 $ (1,460) April 30, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Loss Level 2: Commercial paper $ 11,751 $ — $ (30) $ 11,721 $ — $ 11,721 $ — $ — Corporate notes/bonds 24,754 — (355) 24,399 — 21,492 2,907 — Total debt investments $ 36,505 $ — $ (385) $ 36,120 $ — $ 33,213 $ 2,907 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 187,757 $ — $ 11,624 $ 176,133 $ — Total equity investments $ 187,757 $ — $ 11,624 $ 176,133 $ — Cash $ 696,180 $ 696,180 $ — $ — $ — Money market funds 147,844 147,844 — — — Level 2: Foreign currency forward contracts 2,133 — — — 2,133 Total $ 1,070,034 $ 844,024 $ 44,837 $ 179,040 $ 2,133 ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $177.8 million and $172.2 million as of October 31, 2023 and April 30, 2023, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $21.4 million and $21.9 million as of October 31, 2023 and April 30, 2023, respectively. During the three and six months ended October 31, 2023, the fair value of the investments decreased; therefore, the Company recognized a loss of $13.8 million and $1.0 million, respectively, which was recorded in other loss, net. During the three and six months ended October 31, 2022, the fair value of the investments decreased; therefore, the Company recognized a loss of $9.7 million and $9.7 million, respectively, which was recorded in other loss, net.
Fair Value of Assets Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: October 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 546 $ 2,813 Derivative liabilities: Foreign currency forward contracts $ 2,006 $ 680
Fair Value of Liabilities Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: October 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 546 $ 2,813 Derivative liabilities: Foreign currency forward contracts $ 2,006 $ 680

Deferred Compensation and Ret_2

Deferred Compensation and Retirement Plans (Tables)	6 Months Ended
	Oct. 31, 2023
Retirement Benefits [Abstract]
Components of Net Periodic Benefits Costs	The components of net periodic benefit costs are as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in thousands) Service cost $ 11,346 $ 10,484 $ 21,179 $ 19,627 Interest cost 3,436 2,437 6,793 4,824 Amortization of actuarial loss 183 218 367 436 Expected return on plan assets (1) (272) (289) (544) (578) Net periodic service credit amortization (102) (102) (203) (203) Net periodic benefit costs (2) $ 14,591 $ 12,748 $ 27,592 $ 24,106 ___________________ (1) The expected long-term rate of return on plan assets was 6.00% and 5.50% for October 31, 2023 and 2022, 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 loss, net, respectively, on the consolidated statements of operations.

Fee Revenue (Tables)

Fee Revenue (Tables)	6 Months Ended
	Oct. 31, 2023
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, 2023 and April 30, 2023: October 31, 2023 April 30, 2023 (in thousands) Contract assets-unbilled receivables $ 133,565 $ 99,442 Contract liabilities-deferred revenue $ 223,232 $ 257,067
Schedule of Disaggregation of Fee Revenue by Industry	The following table provides further disaggregation of fee revenue by industry: Three Months Ended October 31, 2023 2022 Dollars % Dollars % (dollars in thousands) Industrial $ 204,931 29.1 % $ 206,448 28.4 % Life Sciences/Healthcare 123,865 17.6 133,595 18.4 Financial Services 122,048 17.3 131,199 18.0 Technology 98,129 13.9 124,605 17.1 Consumer Goods 96,996 13.8 99,280 13.6 Education/Non–Profit/General 58,034 8.3 32,722 4.5 Fee Revenue $ 704,003 100.0 % $ 727,849 100.0 % Six Months Ended October 31, 2023 2022 Dollars % Dollars % (dollars in thousands) Industrial $ 406,849 29.0 % $ 402,357 28.3 % Financial Services 250,372 17.9 249,998 17.5 Life Sciences/Healthcare 243,219 17.3 266,799 18.7 Technology 213,902 15.2 247,257 17.4 Consumer Goods 193,423 13.8 195,228 13.7 Education/Non–Profit/General 95,427 6.8 62,113 4.4 Fee Revenue $ 1,403,192 100.0 % $ 1,423,752 100.0 %

Credit Losses (Tables)

Credit Losses (Tables)	6 Months Ended
	Oct. 31, 2023
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, 2023 $ 44,377 Provision for credit losses 11,787 Write-offs (8,025) Recoveries of amounts previously written off 29 Foreign currency translation (594) Balance at October 31, 2023 $ 47,574
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 12 Months or longer Balance Sheet Classification Fair Value Unrealized Losses Fair Value Unrealized Losses Cash and Cash Marketable Securities, Marketable (in thousands) Balance at October 31, 2023 Commercial paper $ 8,259 $ 5 $ — $ — $ 3,889 $ 4,370 $ — Corporate notes/bonds $ 10,886 $ 32 $ 10,235 $ 104 $ — $ 11,727 $ 9,394 U.S. Treasury and Agency Securities $ 8,079 $ 14 $ — $ — $ 4,299 $ — $ 3,780 Balance at April 30, 2023 Commercial paper $ 8,229 $ 26 $ 3,492 $ 4 $ — $ 11,721 $ — Corporate notes/bonds $ 9,581 $ 123 $ 13,815 $ 232 $ — $ 20,489 $ 2,907

Segments (Tables)

Segments (Tables)	6 Months Ended
	Oct. 31, 2023
Segment Reporting [Abstract]
Financial Highlights	Financial highlights are as follows: Three Months Ended October 31, Six Months Ended October 31, 2023 2022 2023 2022 Consolidated (in thousands) Fee revenue $ 704,003 $ 727,849 $ 1,403,192 $ 1,423,752 Total revenue $ 712,447 $ 735,719 $ 1,418,709 $ 1,438,867 Net (loss) income attributable to Korn Ferry $ (1,711) $ 73,541 $ 44,894 $ 150,788 Net income attributable to noncontrolling interest 1,755 1,074 2,335 2,363 Other loss, net 13,835 9,048 258 8,273 Interest expense, net 6,596 7,098 11,336 14,710 Income tax provision 2,341 28,886 20,761 55,112 Operating income 22,816 119,647 79,584 231,246 Depreciation and amortization 19,554 17,093 38,566 33,322 Other loss, net (13,835) (9,048) (258) (8,273) Integration/acquisition costs 5,030 3,411 9,158 7,016 Impairment of fixed assets 1,452 — 1,575 — Impairment of right-of-use assets — — 1,629 — Restructuring charges, net 63,525 — 63,946 — Adjusted EBITDA (1) $ 98,542 $ 131,103 $ 194,200 $ 263,311 ___________________ (1) Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net.
Financial Highlights by Operating Segment	Financial highlights by reportable segments are as follows: Three Months Ended October 31, 2023 2022 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 177,795 $ 180,953 $ 28,928 $ 173,092 $ 175,845 $ 31,089 Digital 97,092 97,157 28,983 94,329 94,577 27,524 Executive Search: North America 132,512 133,933 29,436 142,485 144,147 37,969 EMEA 43,098 43,315 5,619 44,645 44,919 8,081 Asia Pacific 19,304 19,460 3,875 23,408 23,523 5,834 Latin America 8,079 8,085 805 7,821 7,822 2,607 Professional Search & Interim 138,384 139,455 25,622 134,743 135,762 32,457 RPO 87,739 90,089 8,855 107,326 109,124 16,004 Corporate — — (33,581) — — (30,462) Consolidated $ 704,003 $ 712,447 $ 98,542 $ 727,849 $ 735,719 $ 131,103 Six Months Ended October 31, 2023 2022 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 345,883 $ 351,746 $ 54,108 $ 339,576 $ 344,580 $ 60,639 Digital 185,078 185,169 53,308 178,090 178,392 51,702 Executive Search: North America 260,010 263,346 58,192 294,029 297,031 81,718 EMEA 89,874 90,450 11,257 91,701 92,248 16,596 Asia Pacific 43,843 44,070 10,190 49,789 49,975 13,185 Latin America 14,500 14,507 2,546 15,629 15,631 5,224 Professional Search & Interim 280,563 282,524 49,951 233,690 235,814 61,618 RPO 183,441 186,897 19,326 221,248 225,196 33,713 Corporate — — (64,678) — — (61,084) Consolidated $ 1,403,192 $ 1,418,709 $ 194,200 $ 1,423,752 $ 1,438,867 $ 263,311

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Schedule of Redemption of Notes at Applicable Redemption Prices	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, April 30, Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (3,435) (3,806) Long-term borrowings, net of unamortized discount and debt issuance costs $ 396,565 $ 396,194

Leases (Tables)

Leases (Tables)	6 Months Ended
	Oct. 31, 2023
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in thousands) Finance lease cost Amortization of ROU assets $ 448 $ 365 $ 850 $ 738 Interest on lease liabilities 54 46 108 94 502 411 958 832 Operating lease cost 11,389 12,203 23,086 24,618 Short-term lease cost 222 270 491 433 Variable lease cost 3,724 1,583 6,915 4,238 Lease impairment cost — — 1,629 — Sublease income (1,051) (738) (2,114) (1,245) Total lease cost $ 14,786 $ 13,729 $ 30,965 $ 28,876
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Six Months Ended 2023 2022 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 26,635 $ 29,114 Financing cash flows from finance leases $ 938 $ 814 ROU assets obtained in exchange for lease obligations: Operating leases $ 4,109 $ 9,589 Finance leases $ 714 $ 2,497
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: October 31, 2023 April 30, 2023 (in thousands) Finance Leases: Property and equipment, at cost $ 7,253 $ 7,103 Accumulated depreciation (3,149) (2,741) Property and equipment, net $ 4,104 $ 4,362 Other accrued liabilities $ 1,373 $ 1,372 Other liabilities 2,810 3,053 Total finance lease liabilities $ 4,183 $ 4,425 Weighted average remaining lease terms: Operating leases 4.2 years 4.5 years Finance leases 3.5 years 3.8 years Weighted average discount rate: Operating leases 4.9 % 4.5 % Finance leases 5.1 % 4.7 %
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2024 (excluding the six months ended October 31, 2023) $ 25,365 $ 793 2025 44,791 1,467 2026 40,004 1,108 2027 21,325 712 2028 10,274 472 Thereafter 15,967 7 Total lease payments 157,726 4,559 Less: imputed interest 14,631 376 Total $ 143,095 $ 4,183

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	6 Months Ended
	Oct. 31, 2023
Restructuring Charges [Abstract]
Changes in Restructuring Liability	Changes in the restructuring liability during the three months ended October 31, 2023 were as follows: Restructuring Liability (in thousands) As of July 31, 2023 $ 4,300 Restructuring charges, net 63,525 Reductions for cash payments (3,608) Reductions for non-cash payments (15,421) Exchange rate fluctuations (143) As of October 31, 2023 $ 48,653 Changes in the restructuring liability during the six months ended October 31, 2023 were as follows: Restructuring Liability (in thousands) As of April 30, 2023 $ 8,004 Restructuring charges, net 63,946 Reductions for cash payments (7,717) Reductions for non-cash payments (15,421) Exchange rate fluctuations (159) As of October 31, 2023 $ 48,653
Restructuring Charges Incurred by Segment	Restructuring charges incurred by segment were as follows: October 31, 2023 Three Months Ended Six Months Ended (in thousands) Consulting $ 17,571 $ 17,820 Digital 8,851 8,851 Executive Search: North America 7,427 7,427 EMEA 16,238 16,410 Asia Pacific 1,963 1,963 Latin America 110 110 Professional Search & Interim 3,778 3,778 RPO 7,195 7,195 Corporate 392 392 Consolidated $ 63,525 $ 63,946

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)		3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2023 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2023 USD ($) segment business	Oct. 31, 2022 USD ($)	Apr. 30, 2023 USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of business segments | segment				8
Number of line of business | business				5
Credit loss for available for sales debt securities		$ 0	$ 0	$ 0	$ 0
Impairment of right-of-use assets		0	0	1,629,000	0
Impairment of fixed assets		1,452,000	0	1,575,000	0
Impairment of goodwill	$ 0			0		$ 0
Impairment of intangible assets				0		$ 0
Performance-related bonus expenses		$ 97,200,000	99,800,000	$ 189,300,000	201,600,000
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives		1 year		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		24 years
Amortization of long-term retention awards				5 years
Right-Of-Use Assets
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of right-of-use assets				$ 1,600,000
Leasehold Improvements And Furniture And Fixtures
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of fixed assets				100,000
Software
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of fixed assets		$ 1,500,000	$ 0	$ 1,500,000	$ 0
Mexican Subsidiary
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of noncontrolling interest in subsidiary		51%		51%
Marquee and Regional Account Program | Revenue Benchmark | Customer Concentration Risk
Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage				35%

Basic and Diluted (Loss) Earn_3

Basic and Diluted (Loss) Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted earnings per share (in shares)	2.1	1.6	1.2	1.2

Basic and Diluted (Loss) Earn_4

Basic and Diluted (Loss) Earnings Per Share - Basic and Diluted Earnings per Common Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Earnings Per Share Disclosure [Line Items]
Net (loss) income attributable to Korn Ferry	$ (1,711)	$ 73,541	$ 44,894	$ 150,788
Less: distributed and undistributed earnings to nonvested restricted stockholders	169	1,615	843	3,295
Basic net (loss) earnings attributable to common stockholders	(1,880)	71,926	44,051	147,493
Add: undistributed earnings to nonvested restricted stockholders	0	1,436	459	2,945
Less: reallocation of undistributed earnings to nonvested restricted stockholders	0	1,432	457	2,927
Diluted net (loss) earnings attributable to common stockholders	$ (1,880)	$ 71,930	$ 44,053	$ 147,511
Basic weighted-average number of common shares outstanding (in shares)	51,328	51,868	51,131	51,820
Diluted weighted-average number of common shares outstanding (in shares)	51,328	52,005	51,401	52,143
Basic (loss) earnings per share (in usd per share)	$ (0.04)	$ 1.39	$ 0.86	$ 2.85
Diluted (loss) earnings per share (in usd per share)	$ (0.04)	$ 1.38	$ 0.86	$ 2.83
ESPP
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities (in shares)	0	3	8	4
Restricted Stock Awards
Earnings Per Share Disclosure [Line Items]
Effect of dilutive securities (in shares)	0	134	262	319

Comprehensive (Loss) Income - C

Comprehensive (Loss) Income - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Equity [Abstract]
Foreign currency translation adjustments	$ (120,196)	$ (96,860)
Deferred compensation and pension plan adjustments, net of tax	4,436	4,381
Marketable securities unrealized loss, net of tax	(113)	(285)
Accumulated other comprehensive loss, net	$ (115,873)	$ (92,764)

Comprehensive (Loss) Income -_2

Comprehensive (Loss) Income - Changes in Each Component of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,648,071
Unrealized gains (losses) arising during the period	$ (25,430)	$ (28,275)	(23,164)	$ (44,585)
Reclassification of realized net losses to net income	28	54	55	105
Ending balance	1,656,153		1,656,153
Tax effect on unrealized gains (losses), securities, tax expense (benefit)		(100)	100	(100)
Tax effect on reclassification of realized net losses, tax benefit				100
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(90,471)	(108,444)	(92,764)	(92,185)
Ending balance	(115,873)	(136,665)	(115,873)	(136,665)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(94,729)	(108,974)	(96,860)	(92,717)
Unrealized gains (losses) arising during the period	(25,467)	(28,017)	(23,336)	(44,274)
Reclassification of realized net losses to net income	0	0	0	0
Ending balance	(120,196)	(136,991)	(120,196)	(136,991)
Deferred Compensation and Pension Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	4,408	1,012	4,381	961
Unrealized gains (losses) arising during the period	0	0	0	0
Reclassification of realized net losses to net income	28	54	55	105
Ending balance	4,436	1,066	4,436	1,066
Unrealized Losses on Marketable Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(150)	(482)	(285)	(429)
Unrealized gains (losses) arising during the period	37	(258)	172	(311)
Reclassification of realized net losses to net income	0	0	0	0
Ending balance	$ (113)	$ (740)	$ (113)	$ (740)

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, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 11,225	$ 9,669	$ 19,953	$ 17,426
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	213	230	461	449
Restricted Stock Awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 11,012	$ 9,439	$ 19,492	$ 16,977

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($)			3 Months Ended				6 Months Ended
	Sep. 22, 2022	Jul. 01, 2020	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of tax withholdings on restricted stock							$ 10,551,000	$ 22,060,000
Shares repurchased during the period, value			$ 4,765,000	$ 14,358,000	$ 33,286,000	$ 44,276,000
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period (in shares)			92,500		622,500		182,500	992,367
Shares repurchased during the period, value			$ 4,400,000		$ 33,100,000		$ 8,600,000	$ 55,500,000
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future issuance (in shares)			1,700,000				1,700,000
Authorized payroll deductions			15%				15%
Increase in the additional number of total shares that may be purchased (in shares)	1,500,000
Authorized payroll deductions, value							$ 25,000
Maximum number of shares reserved for issuance (in shares)			4,500,000				4,500,000
Employees stock purchased (in shares)			0		0		105,311	83,704
Employees stock purchased, price per share (in usd per share)							$ 44.59	$ 55.22
ESPP | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market price of common stock		85%
ESPP | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market price of common stock		100%
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
Performance period							3 years
Shares outstanding (in shares)			700,000				700,000
Total unrecognized compensation cost related to non-vested awards			$ 26,500,000				$ 26,500,000
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding (in shares)			2,097,000				2,097,000		2,063,000
Total unrecognized compensation cost related to non-vested awards			$ 86,200,000				$ 86,200,000
Expected cost recognized over weighted-average period							2 years 6 months
Shares repurchased during the period to pay for taxes (in shares)			7,848		3,969		209,289	369,433
Payments of tax withholdings on restricted stock			$ 400,000		$ 200,000		$ 10,600,000	$ 22,100,000
Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for stock-based awards (in shares)	1,700,000
Shares available for future issuance (in shares)	2,248,284
Vesting period	1 year

Employee Stock Plans - Restrict

Employee Stock Plans - Restricted Stock Activity (Detail) - Restricted Stock Awards shares in Thousands	6 Months Ended
	Oct. 31, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	2,063
Granted (in shares) | shares	854
Vested (in shares) | shares	(673)
Forfeited/expired (in shares) | shares	(147)
Ending balance (in shares) | shares	2,097
Weighted- Average Grant Date Fair Value
Weighted-average, beginning balance (in usd per share) | $ / shares	$ 50.12
Weighted-average, granted (in usd per share) | $ / shares	51.32
Weighted-average, vested (in usd per share) | $ / shares	39.97
Weighted-average, forfeited/expired (in usd per share) | $ / shares	53.82
Weighted-average, ending balance (in usd per share) | $ / shares	$ 53.61

Financial Instruments - Financi

Financial Instruments - Financial Instruments and Balance Sheet Classification (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Assets, fair value	$ 842,385		$ 842,385		$ 1,070,034
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	620,836		620,836		844,024
Marketable Securities, Current	26,149		26,149		44,837
Marketable Securities, Non- current	196,860		196,860		179,040
Other Accrued Liabilities	(1,460)		(1,460)
Income Taxes & Other Receivables					2,133
Obligations for which assets are held in trust	177,800		177,800		172,200
Unvested obligations under deferred compensation plans	21,400		21,400		21,900
Decrease in the fair value of marketable securities	13,800	$ 9,700	1,000	$ 9,700
Fair Value, Inputs, Level 2
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	37,979		37,979
Unrealized Gains	0		0
Unrealized Losses	(155)		(155)
Debt securities AFS, fair value	37,824		37,824
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	8,188		8,188
Marketable Securities, Current	16,097		16,097
Marketable Securities, Non- current	13,539		13,539
Other Accrued Liabilities	0		0
Fair Value, Inputs, Level 2 | Foreign currency forward contracts
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Foreign currency forward contracts, fair value	(1,460)		(1,460)		2,133
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	0		0		0
Marketable Securities, Non- current	0		0		0
Other Accrued Liabilities	(1,460)		(1,460)
Income Taxes & Other Receivables					2,133
Fair Value, Inputs, Level 2 | Commercial paper
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	8,264		8,264		11,751
Unrealized Gains	0		0		0
Unrealized Losses	(5)		(5)		(30)
Debt securities AFS, fair value	8,259		8,259		11,721
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	3,889		3,889		0
Marketable Securities, Current	4,370		4,370		11,721
Marketable Securities, Non- current	0		0		0
Other Accrued Liabilities	0		0
Income Taxes & Other Receivables					0
Fair Value, Inputs, Level 2 | Corporate notes/bonds
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	21,622		21,622		24,754
Unrealized Gains	0		0		0
Unrealized Losses	(136)		(136)		(355)
Debt securities AFS, fair value	21,486		21,486		24,399
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	11,727		11,727		21,492
Marketable Securities, Non- current	9,759		9,759		2,907
Other Accrued Liabilities	0		0
Income Taxes & Other Receivables					0
Fair Value, Inputs, Level 2 | U.S. Treasury and Agency Securities
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	8,093		8,093		36,505
Unrealized Gains	0		0		0
Unrealized Losses	(14)		(14)		(385)
Debt securities AFS, fair value	8,079		8,079		36,120
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	4,299		4,299		0
Marketable Securities, Current	0		0		33,213
Marketable Securities, Non- current	3,780		3,780		2,907
Other Accrued Liabilities	0		0
Income Taxes & Other Receivables					0
Fair Value, Inputs, Level 1 | Mutual funds
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Equity securities, fair value	193,373		193,373		187,757
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	10,052		10,052		11,624
Marketable Securities, Non- current	183,321		183,321		176,133
Other Accrued Liabilities	0		0
Income Taxes & Other Receivables					0
Fair Value, Inputs, Level 1 | Equity investments
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Equity securities, fair value	193,373		193,373		187,757
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	10,052		10,052		11,624
Marketable Securities, Non- current	183,321		183,321		176,133
Other Accrued Liabilities	0		0
Income Taxes & Other Receivables					0
Fair Value, Inputs, Level 1 | Cash
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cash and cash equivalents, fair value	499,666		499,666		696,180
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	499,666		499,666		696,180
Marketable Securities, Current	0		0		0
Marketable Securities, Non- current	0		0		0
Other Accrued Liabilities	0		0
Income Taxes & Other Receivables					0
Fair Value, Inputs, Level 1 | Money market funds
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cash and cash equivalents, fair value	112,982		112,982		147,844
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	112,982		112,982		147,844
Marketable Securities, Current	0		0		0
Marketable Securities, Non- current	0		0		0
Other Accrued Liabilities	$ 0		$ 0
Income Taxes & Other Receivables					$ 0

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023
Financial Instrument [Line Items]
Sale/maturities of available-for-sale marketable securities	$ 9	$ 18.6	$ 26.2	$ 33
Unrealized gains relates to equity securities			0.4
Unrealized losses relates to equity securities				10.7
Not Designated as Hedge Instrument | Foreign currency forward contracts
Financial Instrument [Line Items]
Foreign currency losses	3.2	$ 1.5	1.5	$ 2.1
Not Designated as Hedge Instrument | Foreign currency forward contracts | Income Taxes And Other Receivables | Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount	107.4		107.4		$ 112.7
Not Designated as Hedge Instrument | Foreign currency forward contracts | Income Taxes And Other Receivables | Derivatives Sold
Financial Instrument [Line Items]
Derivative notional amount	$ 29.9		$ 29.9		$ 41.1
Minimum
Financial Instrument [Line Items]
Marketable securities remaining maturity			1 month
Maximum
Financial Instrument [Line Items]
Marketable securities remaining maturity			24 months

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Derivatives Not Designated as Hedge Instruments (Detail) - Not Designated as Hedge Instrument - Foreign currency forward contracts - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Derivative assets:
Fair value of derivative assets	$ 546	$ 2,813
Derivative liabilities:
Fair value of derivative liabilities	$ 2,006	$ 680

Deferred Compensation and Ret_3

Deferred Compensation and Retirement Plans - Components of Net Periodic Benefits Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on plan assets			6%	5.50%
Deferred Compensation Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 11,346	$ 10,484	$ 21,179	$ 19,627
Interest cost	3,436	2,437	6,793	4,824
Amortization of actuarial loss	183	218	367	436
Expected return on plan assets	(272)	(289)	(544)	(578)
Net periodic service credit amortization	(102)	(102)	(203)	(203)
Net periodic benefit costs	$ 14,591	$ 12,748	$ 27,592	$ 24,106

Deferred Compensation and Ret_4

Deferred Compensation and Retirement Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments			$ 3,947	$ 4,890
Decrease in the fair value of marketable securities	$ 13,800	$ 9,700	1,000	9,700
CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments	2,000	2,900	3,900	4,900
Deferred Compensation Plan | CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	279,200		279,200		$ 275,100
Outstanding policy loans	77,100		$ 77,100		$ 77,100
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period			5 years
Compensation expense (reduction)	(12,300)	(9,500)		(8,600)
Decrease in the fair value of marketable securities	$ 13,800	$ 9,700		$ 9,700
Executive Capital Accumulation Plan | Minimum
Defined Benefit Plan Disclosure [Line Items]
Option to receive employee benefits by quarterly installments periods			1 year
Executive Capital Accumulation Plan | Maximum
Defined Benefit Plan Disclosure [Line Items]
Option to receive employee benefits by quarterly installments periods			15 years

Fee Revenue - Schedule of Contr

Fee Revenue - Schedule of Contract Asset and Liability (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract assets-unbilled receivables	$ 133,565	$ 99,442
Contract liabilities-deferred revenue	$ 223,232	$ 257,067

Fee Revenue - Additional Inform

Fee Revenue - Additional Information (Details) $ in Millions	6 Months Ended
	Oct. 31, 2023 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Contract liabilities, revenue recognized	$ 143.9
Revenue recognized, remaining performance obligation	1,050
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-11-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 362
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 406.3
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 173.5
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 108.2
Revenue, remaining performance obligation, expected timing of satisfaction, period

Fee Revenue - Schedule of Disag

Fee Revenue - Schedule of Disaggregation of Fee Revenue by Industry (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 712,447	$ 735,719	$ 1,418,709	$ 1,438,867
Industrial
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 204,931	$ 206,448	$ 406,849	$ 402,357
Fee revenue, percentage	29.10%	28.40%	29%	28.30%
Life Sciences/Healthcare
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 123,865	$ 133,595	$ 243,219	$ 266,799
Fee revenue, percentage	17.60%	18.40%	17.30%	18.70%
Financial Services
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 122,048	$ 131,199	$ 250,372	$ 249,998
Fee revenue, percentage	17.30%	18%	17.90%	17.50%
Technology
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 98,129	$ 124,605	$ 213,902	$ 247,257
Fee revenue, percentage	13.90%	17.10%	15.20%	17.40%
Consumer Goods
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 96,996	$ 99,280	$ 193,423	$ 195,228
Fee revenue, percentage	13.80%	13.60%	13.80%	13.70%
Education/Non–Profit/General
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 58,034	$ 32,722	$ 95,427	$ 62,113
Fee revenue, percentage	8.30%	4.50%	6.80%	4.40%
Fee revenue
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 704,003	$ 727,849	$ 1,403,192	$ 1,423,752
Fee revenue, percentage	100%	100%	100%	100%

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, 2023	Oct. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 44,377
Provision for credit losses	11,787	$ 11,018
Write-offs	(8,025)
Recoveries of amounts previously written off	29
Foreign currency translation	(594)
Ending balance	$ 47,574

Credit Losses - Schedule of Fai

Credit Losses - Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Commercial paper
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less than 12 months, fair value	$ 8,259	$ 8,229
Less than 12 months, unrealized losses	5	26
12 months or longer, fair value	0	3,492
12 months or longer, unrealized losses	0	4
Commercial paper | Cash and Cash Equivalent
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities AFS, fair value	3,889	0
Commercial paper | Marketable Securities, Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, current	4,370	11,721
Commercial paper | Marketable Securities, Non- Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, non-current	0	0
Corporate notes/bonds
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less than 12 months, fair value	10,886	9,581
Less than 12 months, unrealized losses	32	123
12 months or longer, fair value	10,235	13,815
12 months or longer, unrealized losses	104	232
Corporate notes/bonds | Cash and Cash Equivalent
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities AFS, fair value	0	0
Corporate notes/bonds | Marketable Securities, Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, current	11,727	20,489
Corporate notes/bonds | Marketable Securities, Non- Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, non-current	9,394	$ 2,907
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	8,079
Less than 12 months, unrealized losses	14
12 months or longer, fair value	0
12 months or longer, unrealized losses	0
U.S. Treasury and Agency Securities | Cash and Cash Equivalent
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities AFS, fair value	4,299
U.S. Treasury and Agency Securities | Marketable Securities, Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, current	0
U.S. Treasury and Agency Securities | Marketable Securities, Non- Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, non-current	$ 3,780

Credit Losses - Additional Info

Credit Losses - Additional Information (Details)	6 Months Ended
	Oct. 31, 2023
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Investment, Type [Extensible Enumeration]	Corporate notes/bonds
Maximum
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt instrument term	2 years

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Tax Disclosure [Abstract]
Income tax provision	$ 2,341	$ 28,886	$ 20,761	$ 55,112
Income tax provision tax rate	98.20%	27.90%	30.50%	26.50%

Segments - Additional Informati

Segments - Additional Information (Detail)	6 Months Ended
	Oct. 31, 2023 segment business
Segment Reporting [Abstract]
Number of business segments | segment	8
Number of line of business | business	5

Segments - Financial Highlights

Segments - Financial Highlights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 712,447	$ 735,719	$ 1,418,709	$ 1,438,867
Net (loss) income attributable to Korn Ferry	(1,711)	73,541	44,894	150,788
Net income attributable to noncontrolling interest	1,755	1,074	2,335	2,363
Other loss, net	13,835	9,048	258	8,273
Interest expense, net	6,596	7,098	11,336	14,710
Income tax provision	2,341	28,886	20,761	55,112
Operating income	22,816	119,647	79,584	231,246
Depreciation and amortization	19,554	17,093	38,566	33,322
Other loss, net	(13,835)	(9,048)	(258)	(8,273)
Integration/acquisition costs	5,030	3,411	9,158	7,016
Impairment of fixed assets	1,452	0	1,575	0
Impairment of right-of-use assets	0	0	1,629	0
Restructuring charges, net	63,525	0	63,946	0
Adjusted EBITDA	98,542	131,103	194,200	263,311
Fee revenue
Segment Reporting Information [Line Items]
Total revenue	$ 704,003	$ 727,849	$ 1,403,192	$ 1,423,752

Segments - Financial Highligh_2

Segments - Financial Highlights by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 712,447	$ 735,719	$ 1,418,709	$ 1,438,867
Adjusted EBITDA	98,542	131,103	194,200	263,311
Operating Segments | Consulting
Segment Reporting Information [Line Items]
Total revenue	180,953	175,845	351,746	344,580
Adjusted EBITDA	28,928	31,089	54,108	60,639
Operating Segments | Digital
Segment Reporting Information [Line Items]
Total revenue	97,157	94,577	185,169	178,392
Adjusted EBITDA	28,983	27,524	53,308	51,702
Operating Segments | North America
Segment Reporting Information [Line Items]
Total revenue	133,933	144,147	263,346	297,031
Adjusted EBITDA	29,436	37,969	58,192	81,718
Operating Segments | EMEA
Segment Reporting Information [Line Items]
Total revenue	43,315	44,919	90,450	92,248
Adjusted EBITDA	5,619	8,081	11,257	16,596
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	19,460	23,523	44,070	49,975
Adjusted EBITDA	3,875	5,834	10,190	13,185
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Total revenue	8,085	7,822	14,507	15,631
Adjusted EBITDA	805	2,607	2,546	5,224
Operating Segments | Professional Search & Interim
Segment Reporting Information [Line Items]
Total revenue	139,455	135,762	282,524	235,814
Adjusted EBITDA	25,622	32,457	49,951	61,618
Operating Segments | RPO
Segment Reporting Information [Line Items]
Total revenue	90,089	109,124	186,897	225,196
Adjusted EBITDA	8,855	16,004	19,326	33,713
Corporate
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Adjusted EBITDA	(33,581)	(30,462)	(64,678)	(61,084)
Fee revenue
Segment Reporting Information [Line Items]
Total revenue	704,003	727,849	1,403,192	1,423,752
Fee revenue | Operating Segments | Consulting
Segment Reporting Information [Line Items]
Total revenue	177,795	173,092	345,883	339,576
Fee revenue | Operating Segments | Digital
Segment Reporting Information [Line Items]
Total revenue	97,092	94,329	185,078	178,090
Fee revenue | Operating Segments | North America
Segment Reporting Information [Line Items]
Total revenue	132,512	142,485	260,010	294,029
Fee revenue | Operating Segments | EMEA
Segment Reporting Information [Line Items]
Total revenue	43,098	44,645	89,874	91,701
Fee revenue | Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	19,304	23,408	43,843	49,789
Fee revenue | Operating Segments | Latin America
Segment Reporting Information [Line Items]
Total revenue	8,079	7,821	14,500	15,629
Fee revenue | Operating Segments | Professional Search & Interim
Segment Reporting Information [Line Items]
Total revenue	138,384	134,743	280,563	233,690
Fee revenue | Operating Segments | RPO
Segment Reporting Information [Line Items]
Total revenue	$ 87,739	$ 107,326	$ 183,441	$ 221,248

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)			6 Months Ended
	Jun. 24, 2022 USD ($)	Dec. 16, 2019 USD ($)	Oct. 31, 2023 USD ($)	Apr. 30, 2023 USD ($)
Credit Facilities
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity			$ 645,400,000
Prior Credit Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity				$ 1,145,400,000
Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement			4,600,000	4,600,000
Standby Letters of Credit | Other Financial Institutions
Debt Instrument [Line Items]
Long-term debt arrangement			$ 10,800,000	11,500,000
Maximum
Debt Instrument [Line Items]
Debt instrument term			2 years
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
Dividends payable per fiscal year		$ 25,000,000
Debt Instrument, change in control and rating decline, percentage of principal amount		101%
Debt instrument, proceeds from offering used to repay outstanding debt		$ 276,900,000
Interest rate, effective percentage			4.86%
Debt instrument, fair value			$ 365,500,000	381,500,000
4.625% Senior Unsecured Notes due 2027 | Maximum
Debt Instrument [Line Items]
Consolidated net leverage ratio		3.50
Amended Credit Agreement
Debt Instrument [Line Items]
Debt instrument term	5 years
Line of credit facility, maximum borrowing capacity	$ 1,150,000,000
Amended Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	650,000,000
Amended Credit Agreement | Delayed Draw Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 500,000,000			500,000,000
Amended Credit Agreement | Credit Facilities
Debt Instrument [Line Items]
Long-term debt			0
Unamortized debt issuance costs			$ 3,700,000
Amended Credit Agreement | Maximum
Debt Instrument [Line Items]
Consolidated net leverage ratio	3.25
Increase in aggregate principal amount	$ 250,000,000
Credit Agreement | Secured Financing Overnight Rate
Debt Instrument [Line Items]
Adjustment percentage on variable interest rate	0.10%
Credit Agreement | Prior Credit Facility
Debt Instrument [Line Items]
Long-term debt				0
Unamortized debt issuance costs				$ 4,200,000
Credit Agreement | Maximum
Debt Instrument [Line Items]
Consolidated net leverage ratio	3.50
Temporary increase in consolidated net leverage ratio	4
Credit Agreement | Maximum | Secured Financing Overnight Rate
Debt Instrument [Line Items]
Applicable margin on variable interest rate	2%
Credit Agreement | Maximum | Base Rate
Debt Instrument [Line Items]
Applicable margin on variable interest rate	1%
Credit Agreement | Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Lenders ticking fee/ commitment fee on actual daily unused amount of Credit Facilities	0.30%
Credit Agreement | Minimum | Secured Financing Overnight Rate
Debt Instrument [Line Items]
Applicable margin on variable interest rate	1.125%
Credit Agreement | Minimum | Base Rate
Debt Instrument [Line Items]
Applicable margin on variable interest rate	0.125%
Credit Agreement | Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Lenders ticking fee/ commitment fee on actual 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, 2023
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%

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt, at Amortized Cost (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Debt Instrument [Line Items]
Long-term borrowings, net of unamortized discount and debt issuance costs	$ 396,565	$ 396,194
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Less: Unamortized discount and issuance costs	(3,435)	(3,806)
Long-term borrowings, net of unamortized discount and debt issuance costs	396,565	396,194
4.625% Senior Unsecured Notes due 2027 | Senior Unsecured Notes
Debt Instrument [Line Items]
Senior Unsecured Notes	$ 400,000	$ 400,000

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Lessee Lease Description [Line Items]
Impairment of right-of-use assets	$ 0	$ 0	$ 1,629	$ 0
Minimum
Lessee Lease Description [Line Items]
Lessee operating lease, term of contract	1 year		1 year
Lessee finance lease, term of contract	1 year		1 year
Maximum
Lessee Lease Description [Line Items]
Lessee operating lease, term of contract	9 years		9 years
Lessee finance lease, term of contract	5 years		5 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Finance lease cost
Amortization of ROU assets	$ 448	$ 365	$ 850	$ 738
Interest on lease liabilities	54	46	108	94
Finance lease cost	502	411	958	832
Operating lease cost	11,389	12,203	23,086	24,618
Short-term lease cost	222	270	491	433
Variable lease cost	3,724	1,583	6,915	4,238
Impairment of right-of-use assets	0	0	1,629	0
Sublease income	(1,051)	(738)	(2,114)	(1,245)
Total lease cost	$ 14,786	$ 13,729	$ 30,965	$ 28,876

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 26,635	$ 29,114
Financing cash flows from finance leases	938	814
ROU assets obtained in exchange for lease obligations:
Operating leases	4,109	9,589
Finance leases	$ 714	$ 2,497

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Finance Leases:
Property and equipment, at cost	$ 7,253	$ 7,103
Accumulated depreciation	(3,149)	(2,741)
Property and equipment, net	4,104	4,362
Other accrued liabilities	1,373	1,372
Other liabilities	2,810	3,053
Total finance lease liabilities	$ 4,183	$ 4,425
Weighted average remaining lease terms:
Operating leases	4 years 2 months 12 days	4 years 6 months
Finance leases	3 years 6 months	3 years 9 months 18 days
Weighted average discount rate:
Operating leases	4.90%	4.50%
Finance leases	5.10%	4.70%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023
Operating
2024 (excluding the six months ended October 31, 2023)	$ 25,365
2025	44,791
2026	40,004
2027	21,325
2028	10,274
Thereafter	15,967
Total lease payments	157,726
Less: imputed interest	14,631
Total	143,095
Financing
2024 (excluding the six months ended October 31, 2023)	793
2025	1,467
2026	1,108
2027	712
2028	472
Thereafter	7
Total lease payments	4,559
Less: imputed interest	376
Total	$ 4,183	$ 4,425

Restructuring Charges, Net - Na

Restructuring Charges, Net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 63,525	$ 0	$ 63,946	$ 0
Employee Severance | The "Plan"
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 63,500	$ 0	$ 400	$ 0

Restructuring Charges, Net - Su

Restructuring Charges, Net - Summary of Changes in Restructuring Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning balance	$ 4,300		$ 8,004
Restructuring charges, net	63,525	$ 0	63,946	$ 0
Reductions for cash payments	(3,608)		(7,717)
Reductions for non-cash payments	(15,421)		(15,421)
Exchange rate fluctuations	(143)		(159)
Restructuring liability, ending balance	$ 48,653		$ 48,653

Restructuring Charges, Net - Re

Restructuring Charges, Net - Restructuring Charges by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 63,525	$ 0	$ 63,946	$ 0
Operating Segments | Consulting
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	17,571		17,820
Operating Segments | Digital
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	8,851		8,851
Operating Segments | North America
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	7,427		7,427
Operating Segments | EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	16,238		16,410
Operating Segments | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	1,963		1,963
Operating Segments | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	110		110
Operating Segments | Professional Search & Interim
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	3,778		3,778
Operating Segments | RPO
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	7,195		7,195
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 392		$ 392

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event	Dec. 05, 2023 $ / shares
Subsequent Event [Line Items]
Dividends payable, percentage increase	83%
Dividends payable, per share amount	$ 0.33
Dividend Declared
Subsequent Event [Line Items]
Dividends payable, per share amount	$ 0.33