Korn Ferry (KFY) 10-Q 6 Sep 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jul. 31, 2024	Sep. 03, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2024
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		52,010,644
Entity Central Index Key	0000056679
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2024	Apr. 30, 2024
ASSETS
Cash and cash equivalents	$ 633,376	$ 941,005
Marketable securities	40,626	42,742
Receivables due from clients, net of allowance for doubtful accounts of $46,714 and $44,192 at July 31, 2024 and April 30, 2024, respectively	573,019	541,014
Income taxes and other receivables	49,606	40,696
Unearned compensation	62,375	59,247
Prepaid expenses and other assets	56,479	49,456
Total current assets	1,415,481	1,674,160
Marketable securities, non-current	231,195	211,681
Property and equipment, net	159,522	161,849
Operating lease right-of-use assets, net	155,881	160,464
Cash surrender value of company-owned life insurance policies, net of loans	234,725	218,977
Deferred income taxes	124,180	133,564
Goodwill	908,485	908,376
Intangible assets, net	82,606	88,833
Unearned compensation, non-current	113,171	99,913
Investments and other assets	22,323	21,052
Total assets	3,447,569	3,678,869
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	49,611	50,112
Income taxes payable	23,775	24,076
Compensation and benefits payable	270,897	525,466
Operating lease liability, current	35,931	36,073
Other accrued liabilities	277,804	298,792
Total current liabilities	658,018	934,519
Deferred compensation and other retirement plans	469,583	440,396
Operating lease liability, non-current	137,218	143,507
Long-term debt	397,140	396,946
Deferred tax liabilities	4,173	4,540
Other liabilities	22,195	21,636
Total liabilities	1,688,327	1,941,544
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 78,210 and 77,460 shares issued and 52,154 and 51,983 shares outstanding at July 31, 2024 and April 30, 2024, respectively	390,053	414,885
Retained earnings	1,468,648	1,425,844
Accumulated other comprehensive loss, net	(104,860)	(107,671)
Total Korn Ferry stockholders' equity	1,753,841	1,733,058
Noncontrolling interest	5,401	4,267
Total stockholders' equity	1,759,242	1,737,325
Total liabilities and stockholders' equity	$ 3,447,569	$ 3,678,869

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jul. 31, 2024	Apr. 30, 2024
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 46,714	$ 44,192
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)	78,210	77,460
Common stock, shares outstanding (in shares)	52,154	51,983

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Total revenue	$ 682,761	$ 706,262
Compensation and benefits	451,775	479,881
General and administrative expenses	59,999	65,917
Depreciation and amortization	19,578	19,012
Restructuring charges, net	0	421
Total operating expenses	606,711	649,494
Operating income	76,050	56,768
Other income, net	14,505	13,577
Interest expense, net	(3,945)	(4,740)
Income before provision for income taxes	86,610	65,605
Income tax provision	22,354	18,420
Net income	64,256	47,185
Net income attributable to noncontrolling interest	(1,652)	(580)
Net income attributable to Korn Ferry	$ 62,604	$ 46,605
Earnings per common share attributable to Korn Ferry:
Basic (in usd per share)	$ 1.19	$ 0.89
Diluted (in usd per share)	$ 1.17	$ 0.89
Weighted-average common shares outstanding:
Basic (in shares)	51,950	50,934
Diluted (in shares)	52,745	51,082
Cash dividends declared per share (in usd per share)	$ 0.37	$ 0.18
Fee revenue
Total revenue	$ 674,946	$ 699,189
Cost of services	67,544	77,190
Reimbursed out-of-pocket engagement expenses
Total revenue	7,815	7,073
Reimbursed expenses
Cost of services	$ 7,815	$ 7,073

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 64,256	$ 47,185
Other comprehensive income (loss):
Foreign currency translation adjustments	2,279	2,466
Deferred compensation and pension plan adjustments, net of tax	(50)	27
Net unrealized gain on marketable securities, net of tax	64	135
Comprehensive income	66,549	49,813
Less: comprehensive income attributable to noncontrolling interest	(1,134)	(915)
Comprehensive income attributable to Korn Ferry	$ 65,415	$ 48,898

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 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, 2023			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 income	47,185	46,605		46,605		580
Other comprehensive income (loss)	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, 2024	51,983		51,983
Beginning balance at Apr. 30, 2024	$ 1,737,325	1,733,058	$ 414,885	1,425,844	(107,671)	4,267
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	64,256	62,604		62,604		1,652
Other comprehensive income (loss)	2,293	2,811			2,811	(518)
Dividends paid to shareholders	(19,800)	(19,800)		(19,800)
Purchase of stock (in shares)			(604)
Purchase of stock	(40,113)	(40,113)	$ (40,113)
Issuance of stock (in shares)			775
Issuance of stock	4,720	4,720	$ 4,720
Stock-based compensation	$ 10,561	10,561	$ 10,561
Ending balance (in shares) at Jul. 31, 2024	52,154		52,154
Ending balance at Jul. 31, 2024	$ 1,759,242	$ 1,753,841	$ 390,053	$ 1,468,648	$ (104,860)	$ 5,401

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Cash flows from operating activities:
Net income	$ 64,256,000	$ 47,185,000
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	19,578,000	19,012,000
Stock-based compensation expense	10,783,000	8,728,000
Deferred income taxes	9,676,000	7,934,000
Provision for doubtful accounts	5,110,000	5,965,000
Impairment of right-of-use assets	0	1,629,000
Impairment of fixed assets	0	123,000
Gain on marketable securities	(14,185,000)	(12,796,000)
Gain on cash surrender value of life insurance policies	(2,246,000)	(1,966,000)
Change in other assets and liabilities:
Deferred compensation	22,938,000	27,453,000
Receivables due from clients	(37,115,000)	(28,697,000)
Income taxes and other receivables	(9,003,000)	(164,000)
Prepaid expenses and other assets	(7,023,000)	(8,039,000)
Unearned compensation	(16,386,000)	(21,713,000)
Income taxes payable	(964,000)	3,478,000
Accounts payable and accrued liabilities	(272,117,000)	(321,491,000)
Other	(487,000)	(1,128,000)
Net cash used in operating activities	(227,185,000)	(274,487,000)
Cash flows from investing activities:
Purchase of property and equipment	(10,497,000)	(15,659,000)
Purchase of marketable securities	(11,181,000)	0
Proceeds from sales/maturities of marketable securities	8,351,000	18,008,000
Proceeds from life insurance policies	93,000	9,332,000
Premium on company-owned life insurance policies	(13,502,000)	(238,000)
Net cash (used in) provided by investing activities	(26,736,000)	11,443,000
Cash flows from financing activities:
Dividends paid to stockholders	(19,800,000)	(9,627,000)
Repurchases of common stock	(23,488,000)	(5,138,000)
Payments of tax withholdings on restricted stock	(16,625,000)	(10,175,000)
Proceeds from issuance of common stock in connection with an employee stock purchase plan	4,248,000	4,696,000
Principal payments on finance leases	(412,000)	(382,000)
Net cash used in financing activities	(56,077,000)	(20,626,000)
Effect of exchange rate changes on cash and cash equivalents	2,369,000	1,855,000
Net decrease in cash and cash equivalents	(307,629,000)	(281,815,000)
Cash and cash equivalents at beginning of period	941,005,000	844,024,000
Cash and cash equivalents at end of the period	$ 633,376,000	$ 562,209,000

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Jul. 31, 2024
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 leading 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 our colleagues focus on clients, by bringing all of our resources together to solve their human capital issues. 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 – touching nearly 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 helping solve our clients’ most challenging business and human capital issues. Basis of Consolidation and Presentation The accompanying condensed 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, 2024 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 condensed consolidated financial statements conform with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X and prevailing practice within the Company's different industries. The accompanying condensed 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 considers events or transactions that occur after the balance sheet date but before the condensed 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 condensed 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 condensed 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 Recruitment Process Outsourcing ("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 intellectual property ("IP") based software products enabling large-scale 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 product 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. 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 July 31, 2024 and April 30, 2024, the Company’s investments in cash equivalents consisted of money market funds, and as of April 30, 2024 also consisted of commercial paper with initial maturity of less than 90 days for which market prices are readily available. 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 condensed consolidated balance sheets. The investments that the Company may sell within the next 12 months are recognized 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 condensed consolidated statements of income in other income, net. The Company also invests cash in excess of its daily operating requirements and capital needs primarily in marketable fixed income (debt) securities in accordance with the Company’s investment policy, which restricts the type of investments that can be made. The Company’s investment portfolio includes commercial paper, 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 income unless the change is due to credit loss. A credit loss is recorded in the condensed consolidated statements of income in other income, net; any amount in excess of the credit loss is recorded as unrealized losses as a component of comprehensive 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 months ended July 31, 2024 and 2023, 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 July 31, 2024 and April 30, 2024, 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. Impairment of Long-Lived Assets Long-lived assets include property, equipment, right-of-use ("ROU") assets and software developed or obtained for internal use. Management reviews the Company’s recorded long-lived assets for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company determines the extent to which an asset may be impaired based upon its expectation of the asset’s future usability, as well as on a reasonable assurance that the future cash flows associated with the asset will be in excess of its carrying amount. If the total of the expected undiscounted future cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between fair value and the carrying value of the asset. During the three months ended July 31, 2024, there were no impairment charges recorded. During the three months ended July 31, 2023, the Company reduced its real estate footprint and as a result, the Company recorded 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 condensed consolidated statements of income in general and administrative expenses. Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of assets acquired. 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 quantitative impairment test performed as of February 1, 2024, 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 July 31, 2024 and April 30, 2024, 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 Earnings Per Share The Company treats unvested share-based payment awards that have non-forfeitable rights to dividends prior to vesting as a separate class of securities in calculating earnings per share. 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 earnings per share. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The dilutive effect of participating securities is calculated using the more dilutive of the treasury method or the two-class method. Basic earnings per common share was computed using the two-class method by dividing basic net earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share was computed using the two-class method by dividing diluted net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. Financial instruments that are not in the form of common stock, but when converted into common stock increase earnings per share, are anti-dilutive and are not included in the computation of diluted earnings per share. Recent 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 amendment in this update improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expense. The amendment in this update is 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 fiscal 2025 and in interim periods beginning in fiscal 2026. The adoption of this guidance is not anticipated to have a material impact on the condensed consolidated financial statements. In December 2023, the Financial Accounting Standards Board issued an amendment in accounting update for income taxes disclosures. The new amendment provides improvements to income tax disclosures by requiring specific categories in the rate reconciliation and disaggregated information for income taxes paid. The amendment of this update is effective for annual periods beginning after December 15, 2024, and should be applied on a prospective basis. The Company will adopt this guidance in its fiscal year beginning May 1, 2025. The adoption of this guidance is not anticipated to have a material impact on the condensed consolidated financial statements.

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Share	3 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share The following table summarizes basic and diluted earnings per common share attributable to common stockholders: Three Months Ended 2024 2023 (in thousands, except per share data) Net income attributable to Korn Ferry $ 62,604 $ 46,605 Less: distributed and undistributed earnings to nonvested restricted stockholders 1,006 1,021 Basic net earnings attributable to common stockholders 61,598 45,584 Add: undistributed earnings to nonvested restricted stockholders 658 806 Less: reallocation of undistributed earnings to nonvested restricted stockholders 648 804 Diluted net earnings attributable to common stockholders $ 61,608 $ 45,586 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 51,950 50,934 Effect of dilutive securities: Restricted stock 795 146 Employee Stock Purchase Plan ("ESPP") — 2 Diluted weighted-average number of common shares outstanding 52,745 51,082 Net earnings per common share: Basic earnings per share $ 1.19 $ 0.89 Diluted earnings per share $ 1.17 $ 0.89 During the three months ended July 31, 2024 and 2023, restricted stock awards of 0.9 million shares and 1.2 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive.

Comprehensive Income

Comprehensive Income	3 Months Ended
	Jul. 31, 2024
Equity [Abstract]
Comprehensive Income	Comprehensive Income Comprehensive income is comprised of net income and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid in capital) and distributions to stockholders (dividends) and is reported in the accompanying condensed consolidated statements of comprehensive income. Accumulated other comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity. The components of accumulated other comprehensive loss, net were as follows: July 31, April 30, (in thousands) Foreign currency translation adjustments $ (113,207) $ (116,004) Deferred compensation and pension plan adjustments, net of tax 8,320 8,370 Marketable securities unrealized gain (loss), net of tax 27 (37) Accumulated other comprehensive loss, net $ (104,860) $ (107,671) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2024: Foreign Deferred Unrealized (Losses) Gains on Marketable Securities Accumulated (in thousands) Balance as of April 30, 2024 $ (116,004) $ 8,370 $ (37) $ (107,671) Unrealized gains arising during the period 2,797 — 64 2,861 Reclassification of realized net gains to net income — (50) — (50) Balance as of July 31, 2024 $ (113,207) $ 8,320 $ 27 $ (104,860) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2023: Foreign Deferred Unrealized Losses on Accumulated (in thousands) Balance as of April 30, 2023 $ (96,860) $ 4,381 $ (285) $ (92,764) Unrealized gains arising during the period 2,131 — 135 2,266 Reclassification of realized net losses to net income — 27 — 27 Balance as of July 31, 2023 $ (94,729) $ 4,408 $ (150) $ (90,471)

Employee Stock Plans

Employee Stock Plans	3 Months Ended
	Jul. 31, 2024
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 condensed consolidated statements of income for the periods indicated: Three Months Ended 2024 2023 (in thousands) Restricted stock $ 10,561 $ 8,480 ESPP 222 248 Total stock-based compensation expense $ 10,783 $ 8,728 Restricted Stock Restricted stock activity during the three months ended July 31, 2024 is summarized below: Shares Weighted- (in thousands, except per share data) Non-vested, April 30, 2024 1,974 $ 53.83 Granted 691 $ 73.39 Vested (705) $ 48.64 Forfeited/expired (11) $ — Non-vested, July 31, 2024 1,949 $ 62.47 As of July 31, 2024, there were 0.8 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $39.2 million. As of July 31, 2024, there was $101.1 million of total unrecognized compensation cost related to all non-vested awards of restricted stock, which is expected to be recognized over a weighted-average period of 2.8 years. During the three months ended July 31, 2024 and 2023, 252,622 shares and 201,441 shares of restricted stock totaling $16.6 million and $10.2 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 During the three months ended July 31, 2024 and 2023, employees purchased 70,309 shares at $60.43 per share and 105,311 shares at $44.59 per share, respectively. As of July 31, 2024, the ESPP had approximately 1.5 million shares remaining available for future issuance. Common Stock During the three months ended July 31, 2024 and 2023, the Company repurchased (on the open market or through privately negotiated transactions) 351,250 shares of the Company’s common stock for $23.5 million and 90,000 shares for $4.2 million, respectively.

Financial Instruments

Financial Instruments	3 Months Ended
	Jul. 31, 2024
Investments, All Other Investments [Abstract]
Financial Instruments	Financial Instruments The following tables show the Company’s financial instruments and balance sheet classification as of July 31, 2024 and April 30, 2024: July 31, 2024 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 12,163 $ — $ (9) $ 12,154 $ — $ 12,154 $ — $ — Corporate notes/bonds 20,173 52 (7) 20,218 — 10,600 9,618 — U.S. Treasury and Agency Securities 6,867 2 (3) 6,866 — 5,370 1,496 — Total debt investments $ 39,203 $ 54 $ (19) $ 39,238 $ — $ 28,124 $ 11,114 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 232,583 $ — $ 12,502 $ 220,081 $ — Total equity investments $ 232,583 $ — $ 12,502 $ 220,081 $ — Cash $ 540,650 $ 540,650 $ — $ — $ — Money market funds 92,726 92,726 — — — Level 2: Foreign currency forward contracts 408 — — — 408 Total $ 905,605 $ 633,376 $ 40,626 $ 231,195 $ 408 April 30, 2024 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 Level 2: Commercial paper $ 16,873 $ 1 $ (19) $ 16,855 $ 3,932 $ 12,923 $ — $ — Corporate notes/bonds 17,322 3 (27) 17,298 — 10,050 7,248 — U.S. Treasury and Agency Securities 4,355 — (9) 4,346 — 2,441 1,905 — Total debt investments $ 38,550 $ 4 $ (55) $ 38,499 $ 3,932 $ 25,414 $ 9,153 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 219,856 $ — $ 17,328 $ 202,528 $ — Total equity investments $ 219,856 $ — $ 17,328 $ 202,528 $ — Cash $ 790,938 $ 790,938 $ — $ — $ — Money market funds 146,135 146,135 — — — Level 2: Foreign currency forward contracts (427) — — — (427) Total $ 1,195,001 $ 941,005 $ 42,742 $ 211,681 $ (427) ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $214.5 million and $198.6 million as of July 31, 2024 and April 30, 2024, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $16.7 million and $22.4 million as of July 31, 2024 and April 30, 2024, respectively. During the three months ended July 31, 2024 and 2023, the fair value of the investments increased; therefore, the Company recognized a gain of $14.2 million and $12.8 million, respectively, which was recorded in other income, net. As of July 31, 2024, available-for-sale marketable securities had remaining maturities ranging from 1 month to 23 months. During the three months ended July 31, 2024 and 2023, there were $6.9 million and $17.2 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 July 31, 2024 and April 30, 2024, the Company’s investments in equity securities consisted of mutual funds for which market prices are readily available. Unrealized gains that relate to equity securities still held as of July 31, 2024 and 2023 were $11.7 million and $11.9 million respectively. Foreign Currency Forward Contracts Not Designated as Hedges The fair value of derivatives not designated as hedge instruments are as follows: July 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 745 $ 979 Derivative liabilities: Foreign currency forward contracts $ 337 $ 1,406 As of July 31, 2024, the total notional amounts of the forward contracts purchased and sold were $79.1 million and $30.3 million, respectively. As of April 30, 2024, the total notional amounts of the forward contracts purchased and sold were $82.9 million and $34.0 million, respectively. The Company recognizes forward contracts as a net asset or net liability on the condensed consolidated balance sheets as such contracts are covered by master netting agreements. During the three months ended July 31, 2024 and 2023, the Company incurred losses of $0.2 million and gains of $1.7 million, respectively, related to forward contracts which are recorded in general and administrative expenses in the accompanying condensed consolidated statements of income. These foreign currency losses and gains offset foreign currency gains and losses that result from transactions denominated in a currency other than the Company’s functional currency. 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	3 Months Ended
	Jul. 31, 2024
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 2024 2023 (in thousands) Service cost $ 10,655 $ 9,833 Interest cost 4,451 3,357 Amortization of actuarial loss 32 184 Expected return on plan assets (1) (266) (272) Net periodic service credit amortization (101) (101) Net periodic benefit costs (2) $ 14,771 $ 13,001 ___________________ (1) The expected long-term rate of return on plan assets was 6.00% for both July 31, 2024 and 2023. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the condensed consolidated statements of income. The Company purchased company-owned life insurance ("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 cash surrender value ("CSV") of these contracts of $311.7 million and $295.9 million as of July 31, 2024 and April 30, 2024, respectively, was offset by outstanding policy loans of $77.0 million in the accompanying condensed consolidated balance sheets as of both July 31, 2024 and April 30, 2024. The CSV value of the underlying COLI investments increased by $2.2 million and $2.0 million during the three months ended July 31, 2024 and 2023, respectively, and was recorded as a decrease in compensation and benefits expense in the accompanying condensed consolidated statements of income. 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 July 31, 2024 and 2023, deferred compensation liability increased; therefore, the Company recognized an increase in compensation expense of $13.6 million and $12.5 million, respectively. Offsetting the increases in compensation and benefits expense was an increase in the fair value of marketable securities (held in trust to satisfy obligations of the ECAP liabilities) of $14.2 million and $12.8 million during the three months ended July 31, 2024 and 2023, respectively, recorded in other income, net on the condensed consolidated statements of income (see Note 5 — Financial Instruments ).

Fee Revenue

Fee Revenue	3 Months Ended
	Jul. 31, 2024
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 condensed consolidated balance sheets. The following table outlines the Company’s contract asset and liability balances as of July 31, 2024 and April 30, 2024: July 31, 2024 April 30, 2024 (in thousands) Contract assets-unbilled receivables $ 122,244 $ 116,368 Contract liabilities-deferred revenue $ 227,614 $ 240,958 During the three months ended July 31, 2024, we recognized revenue of $83.7 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 July 31, 2024, 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 $997.3 million. Of the $997.3 million of remaining performance obligations, the Company expects to recognize approximately $422.8 million in the remainder of fiscal 2025, $324.7 million in fiscal 2026, $164.3 million in fiscal 2027 and the remaining $85.5 million in fiscal 2028 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 July 31, 2024 2023 Dollars % Dollars % (dollars in thousands) Industrial $ 198,772 29.5 % $ 201,918 28.9 % Financial Services 125,137 18.5 128,324 18.3 Life Sciences/Healthcare 118,990 17.6 119,354 17.1 Technology 97,920 14.5 115,773 16.6 Consumer Goods 85,147 12.6 96,427 13.8 Education/Non–Profit/General 48,980 7.3 37,393 5.3 Fee Revenue $ 674,946 100.0 % $ 699,189 100.0 %

Credit Losses

Credit Losses	3 Months Ended
	Jul. 31, 2024
Credit Loss [Abstract]
Credit Losses	Credit Losses The activity in the allowance for credit losses on the Company's trade receivables is as follows: (in thousands) Balance at April 30, 2024 $ 44,192 Provision for credit losses 5,110 Write-offs (2,789) Recoveries of amounts previously written off 467 Foreign currency translation (266) Balance at July 31, 2024 $ 46,714 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 July 31, 2024 Commercial paper $ 11,171 $ 9 $ — $ — $ — $ 11,171 $ — Corporate notes/bonds $ 5,921 $ 7 $ — $ — $ — $ 5,921 $ — U.S. Treasury and Agency Securities $ 4,174 $ 3 $ — $ — $ — $ 3,424 $ 750 Balance at April 30, 2024 Commercial paper $ 11,040 $ 19 $ — $ — $ 3,932 $ 7,108 $ — Corporate notes/bonds $ 11,022 $ 26 $ 1,999 $ 1 $ — $ 9,050 $ 3,971 U.S. Treasury and Agency Securities $ 4,346 $ 9 $ — $ — $ — $ 2,441 $ 1,905 The Company only purchases high grade bonds that have a maturity from the date of purchase of no more than two years. The Company monitors the credit worthiness of its investments on a quarterly basis. The Company does not intend to sell the investments and does not believe it will be required to sell the investments before the investments mature and therefore recover the amortized cost basis.

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income tax was $22.4 million in the three months ended July 31, 2024, with an effective tax rate of 25.8%, compared to $18.4 million in the three months ended July 31, 2023, with an effective tax rate of 28.1%. 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 lower effective tax rate for the three months ended July 31, 2024 was primarily due to the windfall from stock-based awards that vested during the three months ended July 31, 2024, which was greater than the benefit recorded for the three months ended July 31, 2023 in connection with the windfall from stock-based awards that vested during the year-ago quarter. 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	3 Months Ended
	Jul. 31, 2024
Segment Reporting [Abstract]
Segments	Segments The Company has eight reportable segments: Consulting, Digital, Executive Search North America, Executive Search Europe, the Middle East and Africa ("EMEA"), Executive Search Asia Pacific, Executive Search Latin America, Professional Search & Interim and RPO. 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 July 31, 2024 2023 Consolidated (in thousands) Fee revenue $ 674,946 $ 699,189 Total revenue $ 682,761 $ 706,262 Net income attributable to Korn Ferry $ 62,604 $ 46,605 Net income attributable to noncontrolling interest 1,652 580 Other income, net (14,505) (13,577) Interest expense, net 3,945 4,740 Income tax provision 22,354 18,420 Operating income 76,050 56,768 Depreciation and amortization 19,578 19,012 Other income, net 14,505 13,577 Integration/acquisition costs 1,076 4,128 Impairment of fixed assets — 123 Impairment of right-of-use assets — 1,629 Restructuring charges, net — 421 Adjusted EBITDA (1) $ 111,209 $ 95,658 ___________________ (1) Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net when applicable. Financial highlights by reportable segments are as follows: Three Months Ended July 31, 2024 2023 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 167,870 $ 170,767 $ 29,294 $ 168,088 $ 170,793 $ 25,180 Digital 88,180 88,211 26,623 87,986 88,012 24,325 Executive Search: North America 134,752 136,087 35,098 127,498 129,413 28,756 EMEA 45,981 46,276 7,265 46,776 47,135 5,638 Asia Pacific 20,579 20,704 4,218 24,539 24,610 6,315 Latin America 7,323 7,326 2,798 6,421 6,422 1,741 Professional Search & Interim 121,741 122,730 25,706 142,179 143,069 24,329 RPO 88,520 90,660 12,494 95,702 96,808 10,471 Corporate — — (32,287) — — (31,097) Consolidated $ 674,946 $ 682,761 $ 111,209 $ 699,189 $ 706,262 $ 95,658

Long-Term Debt

Long-Term Debt	3 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt 4.625% Senior Unsecured Notes due 2027 Long-term debt, at amortized cost, consisted of the following: In thousands July 31, April 30, Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (2,860) (3,054) Long-term borrowings, net of unamortized discount and debt issuance costs $ 397,140 $ 396,946 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. The Amended Credit Agreement provides for five-year senior secured credit facilities comprised of a $650.0 million revolving credit facility (the “Revolver”). As of July 31, 2024 and April 30, 2024, there was no outstanding liability under the Revolver, and the Company was in compliance with its debt covenants. The Company had a total of $645.4 million and $645.5 million available under the Revolver after $4.6 million and $4.5 million of standby letters of credit were issued as of July 31, 2024 and April 30, 2024, respectively. The Company had a total of $12.3 million and $13.2 million of standby letters with other financial institutions as of July 31, 2024 and April 30, 2024, respectively. The standby letters of credit were generally issued as a result of entering into office premise leases.

Leases

Leases	3 Months Ended
	Jul. 31, 2024
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. No impairment charge of the ROU assets was recorded during the three months ended July 31, 2024. During the three months ended July 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 condensed consolidated statements of income. The components of lease expense are as follows: Three Months Ended 2024 2023 (in thousands) Finance lease cost Amortization of ROU assets $ 379 $ 402 Interest on lease liabilities 49 54 428 456 Operating lease cost 11,995 11,697 Short-term lease cost 226 269 Variable lease cost 2,341 3,191 Lease impairment cost — 1,629 Sublease income (1,153) (1,063) Total lease cost $ 13,837 $ 16,179 Supplemental cash flow information related to leases was as follows: Three Months Ended 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,628 $ 13,568 Financing cash flows from finance leases $ 412 $ 382 ROU assets obtained in exchange for lease obligations: Operating leases $ 3,613 $ 1,219 Finance leases $ 142 $ 447 Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2025 (excluding the three months ended July 31, 2024) $ 30,541 $ 1,169 2026 38,857 1,240 2027 29,809 805 2028 23,058 531 2029 18,476 11 Thereafter 85,032 — Total lease payments 225,773 3,756 Less: imputed interest 52,624 282 Total $ 173,149 $ 3,474
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. No impairment charge of the ROU assets was recorded during the three months ended July 31, 2024. During the three months ended July 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 condensed consolidated statements of income. The components of lease expense are as follows: Three Months Ended 2024 2023 (in thousands) Finance lease cost Amortization of ROU assets $ 379 $ 402 Interest on lease liabilities 49 54 428 456 Operating lease cost 11,995 11,697 Short-term lease cost 226 269 Variable lease cost 2,341 3,191 Lease impairment cost — 1,629 Sublease income (1,153) (1,063) Total lease cost $ 13,837 $ 16,179 Supplemental cash flow information related to leases was as follows: Three Months Ended 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,628 $ 13,568 Financing cash flows from finance leases $ 412 $ 382 ROU assets obtained in exchange for lease obligations: Operating leases $ 3,613 $ 1,219 Finance leases $ 142 $ 447 Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2025 (excluding the three months ended July 31, 2024) $ 30,541 $ 1,169 2026 38,857 1,240 2027 29,809 805 2028 23,058 531 2029 18,476 11 Thereafter 85,032 — Total lease payments 225,773 3,756 Less: imputed interest 52,624 282 Total $ 173,149 $ 3,474

Subsequent Event

Subsequent Event	3 Months Ended
	Jul. 31, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Quarterly Dividend Declaration On September 4, 2024, the Board of Directors of the Company declared a cash dividend of $0.37 per share with a payment date of October 15, 2024 to holders of the Company’s common stock of record at the close of business on September 19, 2024. 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
	Jul. 31, 2024	Jul. 31, 2023
Pay vs Performance Disclosure
Net income attributable to Korn Ferry	$ 62,604	$ 46,605

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 31, 2024
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)	3 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The accompanying condensed 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, 2024 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 condensed consolidated financial statements conform with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X and prevailing practice within the Company's different industries. The accompanying condensed 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 considers events or transactions that occur after the balance sheet date but before the condensed 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 condensed 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 condensed 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 Recruitment Process Outsourcing ("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 intellectual property ("IP") based software products enabling large-scale 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 product 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.
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
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 condensed consolidated balance sheets. The investments that the Company may sell within the next 12 months are recognized 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 condensed consolidated statements of income in other income, net. The Company also invests cash in excess of its daily operating requirements and capital needs primarily in marketable fixed income (debt) securities in accordance with the Company’s investment policy, which restricts the type of investments that can be made. The Company’s investment portfolio includes commercial paper, 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 income unless the change is due to credit loss. A credit loss is recorded in the condensed consolidated statements of income in other income, net; any amount in excess of the credit loss is recorded as unrealized losses as a component of comprehensive 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 months ended July 31, 2024 and 2023, 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 July 31, 2024 and April 30, 2024, 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.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets include property, equipment, right-of-use ("ROU") assets and software developed or obtained for internal use. Management reviews the Company’s recorded long-lived assets for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company determines the extent to which an asset may be impaired based upon its expectation of the asset’s future usability, as well as on a reasonable assurance that the future cash flows associated with the asset will be in excess of its carrying amount. If the total of the expected undiscounted future cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between fair value and the carrying value of the asset. During the three months ended July 31, 2024, there were no impairment charges recorded. During the three months ended July 31, 2023, the Company reduced its real estate footprint and as a result, the Company recorded 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 condensed consolidated statements of income in general and administrative expenses.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of assets acquired. 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 quantitative impairment test performed as of February 1, 2024, 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 July 31, 2024 and April 30, 2024, 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
Earnings Per Share	Earnings Per Share The Company treats unvested share-based payment awards that have non-forfeitable rights to dividends prior to vesting as a separate class of securities in calculating earnings per share. 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 earnings per share. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The dilutive effect of participating securities is calculated using the more dilutive of the treasury method or the two-class method. Basic earnings per common share was computed using the two-class method by dividing basic net earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share was computed using the two-class method by dividing diluted net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. Financial instruments that are not in the form of common stock, but when converted into common stock increase earnings per share, are anti-dilutive and are not included in the computation of diluted earnings per share.
Recent Accounting Standards - Not Yet Adopted	Recent 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 amendment in this update improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expense. The amendment in this update is 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 fiscal 2025 and in interim periods beginning in fiscal 2026. The adoption of this guidance is not anticipated to have a material impact on the condensed consolidated financial statements. In December 2023, the Financial Accounting Standards Board issued an amendment in accounting update for income taxes disclosures. The new amendment provides improvements to income tax disclosures by requiring specific categories in the rate reconciliation and disaggregated information for income taxes paid. The amendment of this update is effective for annual periods beginning after December 15, 2024, and should be applied on a prospective basis. The Company will adopt this guidance in its fiscal year beginning May 1, 2025. The adoption of this guidance is not anticipated to have a material impact on the condensed consolidated financial statements.

Basic and Diluted Earnings Pe_2

Basic and Diluted Earnings Per Share (Tables)	3 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Common Share Attributable to Common Stockholders	The following table summarizes basic and diluted earnings per common share attributable to common stockholders: Three Months Ended 2024 2023 (in thousands, except per share data) Net income attributable to Korn Ferry $ 62,604 $ 46,605 Less: distributed and undistributed earnings to nonvested restricted stockholders 1,006 1,021 Basic net earnings attributable to common stockholders 61,598 45,584 Add: undistributed earnings to nonvested restricted stockholders 658 806 Less: reallocation of undistributed earnings to nonvested restricted stockholders 648 804 Diluted net earnings attributable to common stockholders $ 61,608 $ 45,586 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 51,950 50,934 Effect of dilutive securities: Restricted stock 795 146 Employee Stock Purchase Plan ("ESPP") — 2 Diluted weighted-average number of common shares outstanding 52,745 51,082 Net earnings per common share: Basic earnings per share $ 1.19 $ 0.89 Diluted earnings per share $ 1.17 $ 0.89

Comprehensive Income (Tables)

Comprehensive Income (Tables)	3 Months Ended
	Jul. 31, 2024
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss, net were as follows: July 31, April 30, (in thousands) Foreign currency translation adjustments $ (113,207) $ (116,004) Deferred compensation and pension plan adjustments, net of tax 8,320 8,370 Marketable securities unrealized gain (loss), net of tax 27 (37) Accumulated other comprehensive loss, net $ (104,860) $ (107,671)
Changes in Each Component of Accumulated Other Comprehensive Loss	The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2024: Foreign Deferred Unrealized (Losses) Gains on Marketable Securities Accumulated (in thousands) Balance as of April 30, 2024 $ (116,004) $ 8,370 $ (37) $ (107,671) Unrealized gains arising during the period 2,797 — 64 2,861 Reclassification of realized net gains to net income — (50) — (50) Balance as of July 31, 2024 $ (113,207) $ 8,320 $ 27 $ (104,860) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2023: Foreign Deferred Unrealized Losses on Accumulated (in thousands) Balance as of April 30, 2023 $ (96,860) $ 4,381 $ (285) $ (92,764) Unrealized gains arising during the period 2,131 — 135 2,266 Reclassification of realized net losses to net income — 27 — 27 Balance as of July 31, 2023 $ (94,729) $ 4,408 $ (150) $ (90,471)

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	3 Months Ended
	Jul. 31, 2024
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 condensed consolidated statements of income for the periods indicated: Three Months Ended 2024 2023 (in thousands) Restricted stock $ 10,561 $ 8,480 ESPP 222 248 Total stock-based compensation expense $ 10,783 $ 8,728
Restricted Stock Activity	Restricted stock activity during the three months ended July 31, 2024 is summarized below: Shares Weighted- (in thousands, except per share data) Non-vested, April 30, 2024 1,974 $ 53.83 Granted 691 $ 73.39 Vested (705) $ 48.64 Forfeited/expired (11) $ — Non-vested, July 31, 2024 1,949 $ 62.47

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Jul. 31, 2024
Investments, All Other Investments [Abstract]
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of July 31, 2024 and April 30, 2024: July 31, 2024 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 12,163 $ — $ (9) $ 12,154 $ — $ 12,154 $ — $ — Corporate notes/bonds 20,173 52 (7) 20,218 — 10,600 9,618 — U.S. Treasury and Agency Securities 6,867 2 (3) 6,866 — 5,370 1,496 — Total debt investments $ 39,203 $ 54 $ (19) $ 39,238 $ — $ 28,124 $ 11,114 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 232,583 $ — $ 12,502 $ 220,081 $ — Total equity investments $ 232,583 $ — $ 12,502 $ 220,081 $ — Cash $ 540,650 $ 540,650 $ — $ — $ — Money market funds 92,726 92,726 — — — Level 2: Foreign currency forward contracts 408 — — — 408 Total $ 905,605 $ 633,376 $ 40,626 $ 231,195 $ 408 April 30, 2024 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 Level 2: Commercial paper $ 16,873 $ 1 $ (19) $ 16,855 $ 3,932 $ 12,923 $ — $ — Corporate notes/bonds 17,322 3 (27) 17,298 — 10,050 7,248 — U.S. Treasury and Agency Securities 4,355 — (9) 4,346 — 2,441 1,905 — Total debt investments $ 38,550 $ 4 $ (55) $ 38,499 $ 3,932 $ 25,414 $ 9,153 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 219,856 $ — $ 17,328 $ 202,528 $ — Total equity investments $ 219,856 $ — $ 17,328 $ 202,528 $ — Cash $ 790,938 $ 790,938 $ — $ — $ — Money market funds 146,135 146,135 — — — Level 2: Foreign currency forward contracts (427) — — — (427) Total $ 1,195,001 $ 941,005 $ 42,742 $ 211,681 $ (427) ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $214.5 million and $198.6 million as of July 31, 2024 and April 30, 2024, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $16.7 million and $22.4 million as of July 31, 2024 and April 30, 2024, respectively. During the three months ended July 31, 2024 and 2023, the fair value of the investments increased; therefore, the Company recognized a gain of $14.2 million and $12.8 million, respectively, which was recorded in other income, net.
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of July 31, 2024 and April 30, 2024: July 31, 2024 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 12,163 $ — $ (9) $ 12,154 $ — $ 12,154 $ — $ — Corporate notes/bonds 20,173 52 (7) 20,218 — 10,600 9,618 — U.S. Treasury and Agency Securities 6,867 2 (3) 6,866 — 5,370 1,496 — Total debt investments $ 39,203 $ 54 $ (19) $ 39,238 $ — $ 28,124 $ 11,114 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 232,583 $ — $ 12,502 $ 220,081 $ — Total equity investments $ 232,583 $ — $ 12,502 $ 220,081 $ — Cash $ 540,650 $ 540,650 $ — $ — $ — Money market funds 92,726 92,726 — — — Level 2: Foreign currency forward contracts 408 — — — 408 Total $ 905,605 $ 633,376 $ 40,626 $ 231,195 $ 408 April 30, 2024 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 Level 2: Commercial paper $ 16,873 $ 1 $ (19) $ 16,855 $ 3,932 $ 12,923 $ — $ — Corporate notes/bonds 17,322 3 (27) 17,298 — 10,050 7,248 — U.S. Treasury and Agency Securities 4,355 — (9) 4,346 — 2,441 1,905 — Total debt investments $ 38,550 $ 4 $ (55) $ 38,499 $ 3,932 $ 25,414 $ 9,153 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 219,856 $ — $ 17,328 $ 202,528 $ — Total equity investments $ 219,856 $ — $ 17,328 $ 202,528 $ — Cash $ 790,938 $ 790,938 $ — $ — $ — Money market funds 146,135 146,135 — — — Level 2: Foreign currency forward contracts (427) — — — (427) Total $ 1,195,001 $ 941,005 $ 42,742 $ 211,681 $ (427) ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $214.5 million and $198.6 million as of July 31, 2024 and April 30, 2024, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $16.7 million and $22.4 million as of July 31, 2024 and April 30, 2024, respectively. During the three months ended July 31, 2024 and 2023, the fair value of the investments increased; therefore, the Company recognized a gain of $14.2 million and $12.8 million, respectively, which was recorded in other income, net.
Fair Value of Assets Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: July 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 745 $ 979 Derivative liabilities: Foreign currency forward contracts $ 337 $ 1,406
Fair Value of Liabilities Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: July 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 745 $ 979 Derivative liabilities: Foreign currency forward contracts $ 337 $ 1,406

Deferred Compensation and Ret_2

Deferred Compensation and Retirement Plans (Tables)	3 Months Ended
	Jul. 31, 2024
Retirement Benefits [Abstract]
Components of Net Periodic Benefits Costs	The components of net periodic benefit costs are as follows: Three Months Ended 2024 2023 (in thousands) Service cost $ 10,655 $ 9,833 Interest cost 4,451 3,357 Amortization of actuarial loss 32 184 Expected return on plan assets (1) (266) (272) Net periodic service credit amortization (101) (101) Net periodic benefit costs (2) $ 14,771 $ 13,001 ___________________ (1) The expected long-term rate of return on plan assets was 6.00% for both July 31, 2024 and 2023. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the condensed consolidated statements of income.

Fee Revenue (Tables)

Fee Revenue (Tables)	3 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Asset and Liability	The following table outlines the Company’s contract asset and liability balances as of July 31, 2024 and April 30, 2024: July 31, 2024 April 30, 2024 (in thousands) Contract assets-unbilled receivables $ 122,244 $ 116,368 Contract liabilities-deferred revenue $ 227,614 $ 240,958
Schedule of Disaggregation of Fee Revenue by Industry	The following table provides further disaggregation of fee revenue by industry: Three Months Ended July 31, 2024 2023 Dollars % Dollars % (dollars in thousands) Industrial $ 198,772 29.5 % $ 201,918 28.9 % Financial Services 125,137 18.5 128,324 18.3 Life Sciences/Healthcare 118,990 17.6 119,354 17.1 Technology 97,920 14.5 115,773 16.6 Consumer Goods 85,147 12.6 96,427 13.8 Education/Non–Profit/General 48,980 7.3 37,393 5.3 Fee Revenue $ 674,946 100.0 % $ 699,189 100.0 %

Credit Losses (Tables)

Credit Losses (Tables)	3 Months Ended
	Jul. 31, 2024
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, 2024 $ 44,192 Provision for credit losses 5,110 Write-offs (2,789) Recoveries of amounts previously written off 467 Foreign currency translation (266) Balance at July 31, 2024 $ 46,714
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 July 31, 2024 Commercial paper $ 11,171 $ 9 $ — $ — $ — $ 11,171 $ — Corporate notes/bonds $ 5,921 $ 7 $ — $ — $ — $ 5,921 $ — U.S. Treasury and Agency Securities $ 4,174 $ 3 $ — $ — $ — $ 3,424 $ 750 Balance at April 30, 2024 Commercial paper $ 11,040 $ 19 $ — $ — $ 3,932 $ 7,108 $ — Corporate notes/bonds $ 11,022 $ 26 $ 1,999 $ 1 $ — $ 9,050 $ 3,971 U.S. Treasury and Agency Securities $ 4,346 $ 9 $ — $ — $ — $ 2,441 $ 1,905

Segments (Tables)

Segments (Tables)	3 Months Ended
	Jul. 31, 2024
Segment Reporting [Abstract]
Financial Highlights	Financial highlights are as follows: Three Months Ended July 31, 2024 2023 Consolidated (in thousands) Fee revenue $ 674,946 $ 699,189 Total revenue $ 682,761 $ 706,262 Net income attributable to Korn Ferry $ 62,604 $ 46,605 Net income attributable to noncontrolling interest 1,652 580 Other income, net (14,505) (13,577) Interest expense, net 3,945 4,740 Income tax provision 22,354 18,420 Operating income 76,050 56,768 Depreciation and amortization 19,578 19,012 Other income, net 14,505 13,577 Integration/acquisition costs 1,076 4,128 Impairment of fixed assets — 123 Impairment of right-of-use assets — 1,629 Restructuring charges, net — 421 Adjusted EBITDA (1) $ 111,209 $ 95,658 ___________________ (1) Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net when applicable.
Financial Highlights by Operating Segment	Financial highlights by reportable segments are as follows: Three Months Ended July 31, 2024 2023 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 167,870 $ 170,767 $ 29,294 $ 168,088 $ 170,793 $ 25,180 Digital 88,180 88,211 26,623 87,986 88,012 24,325 Executive Search: North America 134,752 136,087 35,098 127,498 129,413 28,756 EMEA 45,981 46,276 7,265 46,776 47,135 5,638 Asia Pacific 20,579 20,704 4,218 24,539 24,610 6,315 Latin America 7,323 7,326 2,798 6,421 6,422 1,741 Professional Search & Interim 121,741 122,730 25,706 142,179 143,069 24,329 RPO 88,520 90,660 12,494 95,702 96,808 10,471 Corporate — — (32,287) — — (31,097) Consolidated $ 674,946 $ 682,761 $ 111,209 $ 699,189 $ 706,262 $ 95,658

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt, at Amortized Cost	Long-term debt, at amortized cost, consisted of the following: In thousands July 31, April 30, Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (2,860) (3,054) Long-term borrowings, net of unamortized discount and debt issuance costs $ 397,140 $ 396,946

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jul. 31, 2024
Leases [Abstract]
Components of Lease Expense	The components of lease expense are as follows: Three Months Ended 2024 2023 (in thousands) Finance lease cost Amortization of ROU assets $ 379 $ 402 Interest on lease liabilities 49 54 428 456 Operating lease cost 11,995 11,697 Short-term lease cost 226 269 Variable lease cost 2,341 3,191 Lease impairment cost — 1,629 Sublease income (1,153) (1,063) Total lease cost $ 13,837 $ 16,179
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Three Months Ended 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,628 $ 13,568 Financing cash flows from finance leases $ 412 $ 382 ROU assets obtained in exchange for lease obligations: Operating leases $ 3,613 $ 1,219 Finance leases $ 142 $ 447
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2025 (excluding the three months ended July 31, 2024) $ 30,541 $ 1,169 2026 38,857 1,240 2027 29,809 805 2028 23,058 531 2029 18,476 11 Thereafter 85,032 — Total lease payments 225,773 3,756 Less: imputed interest 52,624 282 Total $ 173,149 $ 3,474

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Nature of Business (Detail)	Jul. 31, 2024 core_solution
Accounting Policies [Abstract]
Number of core solutions	5

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Revenue Recognition (Details)	Jul. 31, 2024 performance_obligation phase
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of performance obligations | performance_obligation	1
Number of revenue recognition phases | phase	2
Executive And Professional Search
Organization And Summary Of Significant Accounting Policies [Line Items]
Cash compensation, percentage	0.33

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Marketable Securities (Details) - USD ($)	Jul. 31, 2024	Jul. 31, 2023
Accounting Policies [Abstract]
Credit loss for available for sales debt securities	$ 0	$ 0

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Impairment of Long-Lived Assets (Details) - USD ($)	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Impaired Long-Lived Assets Held and Used [Line Items]
Lease impairment cost	$ 0	$ 1,629,000
Impairment of fixed assets	$ 0	123,000
Right-Of-Use Assets
Impaired Long-Lived Assets Held and Used [Line Items]
Lease impairment cost		1,600,000
Leasehold Improvements And Furniture And Fixtures
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of fixed assets		$ 100,000

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($)		3 Months Ended	12 Months Ended
	Feb. 01, 2024	Jul. 31, 2024	Apr. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Impairment of goodwill	$ 0	$ 0	$ 0
Impairment of intangible assets		$ 0	$ 0
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives		1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives		24 years

Basic and Diluted Earnings Pe_3

Basic and Diluted Earnings Per Share - Basic and Diluted Earnings per Common Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Earnings Per Share Disclosure [Line Items]
Net income attributable to Korn Ferry	$ 62,604	$ 46,605
Less: distributed and undistributed earnings to nonvested restricted stockholders	1,006	1,021
Basic net earnings attributable to common stockholders	61,598	45,584
Add: undistributed earnings to nonvested restricted stockholders	658	806
Less: reallocation of undistributed earnings to nonvested restricted stockholders	648	804
Diluted net earnings attributable to common stockholders	$ 61,608	$ 45,586
Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding (in shares)	51,950	50,934
Diluted weighted-average number of common shares outstanding (in shares)	52,745	51,082
Net earnings per common share:
Basic earnings per share (in usd per share)	$ 1.19	$ 0.89
Diluted earnings per share (in usd per share)	$ 1.17	$ 0.89
ESPP
Weighted-average common shares outstanding:
Effect of dilutive securities (in shares)	0	2
Restricted Stock
Weighted-average common shares outstanding:
Effect of dilutive securities (in shares)	795	146

Basic and Diluted Earnings Pe_4

Basic and Diluted Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted earnings per share (in shares)	0.9	1.2

Comprehensive Income - Componen

Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Jul. 31, 2024	Apr. 30, 2024
Equity [Abstract]
Foreign currency translation adjustments	$ (113,207)	$ (116,004)
Deferred compensation and pension plan adjustments, net of tax	8,320	8,370
Marketable securities unrealized gain (loss), net of tax	27	(37)
Accumulated other comprehensive loss, net	$ (104,860)	$ (107,671)

Comprehensive Income - Changes

Comprehensive Income - Changes in Each Component of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,737,325	$ 1,653,005
Ending balance	1,759,242	1,692,530
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(107,671)	(92,764)
Unrealized gains arising during the period	2,861	2,266
Reclassification of realized net gains to net income	(50)	27
Ending balance	(104,860)	(90,471)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(116,004)	(96,860)
Unrealized gains arising during the period	2,797	2,131
Reclassification of realized net gains to net income	0	0
Ending balance	(113,207)	(94,729)
Deferred Compensation and Pension Plan
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	8,370	4,381
Unrealized gains arising during the period	0	0
Reclassification of realized net gains to net income	(50)	27
Ending balance	8,320	4,408
Unrealized Losses on Marketable Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(37)	(285)
Unrealized gains arising during the period	64	135
Reclassification of realized net gains to net income	0	0
Ending balance	$ 27	$ (150)

Employee Stock Plans - Componen

Employee Stock Plans - Components of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 10,783	$ 8,728
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	222	248
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 10,561	$ 8,480

Employee Stock Plans - Restrict

Employee Stock Plans - Restricted Stock Activity (Detail) - Restricted Stock shares in Thousands	3 Months Ended
	Jul. 31, 2024 $ / shares shares
Shares
Beginning balance (in shares) | shares	1,974
Granted (in shares) | shares	691
Vested (in shares) | shares	(705)
Forfeited/expired (in shares) | shares	(11)
Ending balance (in shares) | shares	1,949
Weighted- Average Grant Date Fair Value
Weighted-average, beginning balance (in usd per share) | $ / shares	$ 53.83
Weighted-average, granted (in usd per share) | $ / shares	73.39
Weighted-average, vested (in usd per share) | $ / shares	48.64
Weighted-average, forfeited/expired (in usd per share) | $ / shares	0
Weighted-average, ending balance (in usd per share) | $ / shares	$ 62.47

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Apr. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of tax withholdings on restricted stock	$ 16,625	$ 10,175
Shares repurchased during the period, value	$ 40,113	$ 14,358
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period (in shares)	351,250	90,000
Shares repurchased during the period, value	$ 23,500	$ 4,200
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employees stock purchased (in shares)	70,309	105,311
Employees stock purchased, price per share (in usd per share)	$ 60.43	$ 44.59
Shares available for future issuance (in shares)	1,500,000
Market Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding (in shares)	800,000
Total unrecognized compensation cost related to non-vested awards	$ 39,200
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding (in shares)	1,949,000		1,974,000
Total unrecognized compensation cost related to non-vested awards	$ 101,100
Expected cost recognized over weighted-average period	2 years 9 months 18 days
Shares repurchased during the period to pay for taxes (in shares)	252,622	201,441
Payments of tax withholdings on restricted stock	$ 16,600	$ 10,200

Financial Instruments - Financi

Financial Instruments - Financial Instruments and Balance Sheet Classification (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Apr. 30, 2024
Fair Value Measurement
Assets, fair value	$ 905,605		$ 1,195,001
Balance Sheet Classification
Cash and Cash Equivalents	633,376		941,005
Marketable Securities, Current	40,626		42,742
Marketable Securities, Non- current	231,195		211,681
Income Taxes & Other Receivables	408
Other Accrued Liabilities			(427)
Mutual funds
Balance Sheet Classification
Obligations for which assets are held in trust	214,500		198,600
Unvested obligations under deferred compensation plans	16,700		22,400
Gain on marketable securities	14,200	$ 12,800
Fair Value, Inputs, Level 2
Fair Value Measurement
Cost	39,203		38,550
Unrealized Gains	54		4
Unrealized Losses	(19)		(55)
Fair Value	39,238		38,499
Balance Sheet Classification
Cash and Cash Equivalents	0		3,932
Marketable Securities, Current	28,124		25,414
Marketable Securities, Non- current	11,114		9,153
Income Taxes & Other Receivables	0
Other Accrued Liabilities			0
Fair Value, Inputs, Level 2 | Foreign currency forward contracts
Fair Value Measurement
Foreign currency forward contracts, fair value	408		(427)
Balance Sheet Classification
Cash and Cash Equivalents	0		0
Marketable Securities, Current	0		0
Marketable Securities, Non- current	0		0
Income Taxes & Other Receivables	408
Other Accrued Liabilities			(427)
Fair Value, Inputs, Level 2 | Commercial paper
Fair Value Measurement
Cost	12,163		16,873
Unrealized Gains	0		1
Unrealized Losses	(9)		(19)
Fair Value	12,154		16,855
Balance Sheet Classification
Cash and Cash Equivalents	0		3,932
Marketable Securities, Current	12,154		12,923
Marketable Securities, Non- current	0		0
Income Taxes & Other Receivables	0
Other Accrued Liabilities			0
Fair Value, Inputs, Level 2 | Corporate notes/bonds
Fair Value Measurement
Cost	20,173		17,322
Unrealized Gains	52		3
Unrealized Losses	(7)		(27)
Fair Value	20,218		17,298
Balance Sheet Classification
Cash and Cash Equivalents	0		0
Marketable Securities, Current	10,600		10,050
Marketable Securities, Non- current	9,618		7,248
Income Taxes & Other Receivables	0
Other Accrued Liabilities			0
Fair Value, Inputs, Level 2 | U.S. Treasury and Agency Securities
Fair Value Measurement
Cost	6,867		4,355
Unrealized Gains	2		0
Unrealized Losses	(3)		(9)
Fair Value	6,866		4,346
Balance Sheet Classification
Cash and Cash Equivalents	0		0
Marketable Securities, Current	5,370		2,441
Marketable Securities, Non- current	1,496		1,905
Income Taxes & Other Receivables	0
Other Accrued Liabilities			0
Fair Value, Inputs, Level 1 | Mutual funds
Fair Value Measurement
Equity securities, fair value	232,583		219,856
Balance Sheet Classification
Cash and Cash Equivalents	0		0
Marketable Securities, Current	12,502		17,328
Marketable Securities, Non- current	220,081		202,528
Income Taxes & Other Receivables	0
Other Accrued Liabilities			0
Fair Value, Inputs, Level 1 | Equity investments
Fair Value Measurement
Equity securities, fair value	232,583		219,856
Balance Sheet Classification
Cash and Cash Equivalents	0		0
Marketable Securities, Current	12,502		17,328
Marketable Securities, Non- current	220,081		202,528
Income Taxes & Other Receivables	0
Other Accrued Liabilities			0
Fair Value, Inputs, Level 1 | Cash
Fair Value Measurement
Cash and cash equivalents, fair value	540,650		790,938
Balance Sheet Classification
Cash and Cash Equivalents	540,650		790,938
Marketable Securities, Current	0		0
Marketable Securities, Non- current	0		0
Income Taxes & Other Receivables	0
Other Accrued Liabilities			0
Fair Value, Inputs, Level 1 | Money market funds
Fair Value Measurement
Cash and cash equivalents, fair value	92,726		146,135
Balance Sheet Classification
Cash and Cash Equivalents	92,726		146,135
Marketable Securities, Current	0		0
Marketable Securities, Non- current	0		0
Income Taxes & Other Receivables	$ 0
Other Accrued Liabilities			$ 0

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Apr. 30, 2024
Financial Instrument [Line Items]
Sale/maturities of available-for-sale marketable securities	$ 6.9	$ 17.2
Unrealized gain (loss) related to equity securities	11.7	11.9
Not Designated as Hedge Instrument | Foreign currency forward contracts
Financial Instrument [Line Items]
Foreign currency gains (losses)	(0.2)	$ 1.7
Not Designated as Hedge Instrument | Foreign currency forward contracts | Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount	79.1		$ 82.9
Not Designated as Hedge Instrument | Foreign currency forward contracts | Derivatives Sold
Financial Instrument [Line Items]
Derivative notional amount	$ 30.3		$ 34
Minimum
Financial Instrument [Line Items]
Marketable securities remaining maturity	1 month
Maximum
Financial Instrument [Line Items]
Marketable securities remaining maturity	23 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	Jul. 31, 2024	Apr. 30, 2024
Derivative assets:
Fair value of derivative assets	$ 745	$ 979
Derivative liabilities:
Fair value of derivative liabilities	$ 337	$ 1,406

Deferred Compensation and Ret_3

Deferred Compensation and Retirement Plans - Components of Net Periodic Benefits Costs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on plan assets	6%	6%
Deferred Compensation Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 10,655,000	$ 9,833,000
Interest cost	4,451,000	3,357,000
Amortization of actuarial loss	32,000	184,000
Expected return on plan assets	(266,000)	(272,000)
Net periodic service credit amortization	(101,000)	(101,000)
Net periodic benefit costs	$ 14,771,000	$ 13,001,000

Deferred Compensation and Ret_4

Deferred Compensation and Retirement Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Apr. 30, 2024
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments	$ 2,246	$ 1,966
CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments	2,200	2,000
Deferred Compensation Plan | CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	311,700		$ 295,900
Outstanding policy loans	$ 77,000		$ 77,000
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period	5 years
Compensation expense (reduction)	$ 13,600	12,500
Increase (decrease) in the fair value of marketable securities	$ 14,200	$ 12,800
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	Jul. 31, 2024	Apr. 30, 2024
Revenue from Contract with Customer [Abstract]
Contract assets-unbilled receivables	$ 122,244	$ 116,368
Contract liabilities-deferred revenue	$ 227,614	$ 240,958

Fee Revenue - Additional Inform

Fee Revenue - Additional Information (Details) $ in Millions	3 Months Ended
	Jul. 31, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Contract liabilities, revenue recognized	$ 83.7
Revenue recognized, remaining performance obligation	997.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-08-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 422.8
Revenue, remaining performance obligation, expected timing of satisfaction, period	9 months
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	$ 324.7
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	$ 164.3
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 85.5
Revenue, remaining performance obligation, expected timing of satisfaction, period

Fee Revenue - Schedule of Disag

Fee Revenue - Schedule of Disaggregation of Fee Revenue by Industry (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 682,761	$ 706,262
Industrial
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 198,772	$ 201,918
Fee revenue, percentage	29.50%	28.90%
Financial Services
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 125,137	$ 128,324
Fee revenue, percentage	18.50%	18.30%
Life Sciences/Healthcare
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 118,990	$ 119,354
Fee revenue, percentage	17.60%	17.10%
Technology
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 97,920	$ 115,773
Fee revenue, percentage	14.50%	16.60%
Consumer Goods
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 85,147	$ 96,427
Fee revenue, percentage	12.60%	13.80%
Education/Non–Profit/General
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 48,980	$ 37,393
Fee revenue, percentage	7.30%	5.30%
Fee revenue
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 674,946	$ 699,189
Fee revenue, percentage	100%	100%

Credit Losses - Summary of Acti

Credit Losses - Summary of Activity in Allowance for Credit Losses on Trade Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 44,192
Provision for credit losses	5,110	$ 5,965
Write-offs	(2,789)
Recoveries of amounts previously written off	467
Foreign currency translation	(266)
Ending balance	$ 46,714

Credit Losses - Schedule of Fai

Credit Losses - Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities (Detail) - USD ($) $ in Thousands	Jul. 31, 2024	Apr. 30, 2024
Commercial paper
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less than 12 months, fair value	$ 11,171	$ 11,040
Less than 12 months, unrealized losses	9	19
12 months or longer, fair value	0	0
12 months or longer, unrealized losses	0	0
Commercial paper | Cash and Cash Equivalent
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities AFS, fair value	0	3,932
Commercial paper | Marketable Securities, Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, current	11,171	7,108
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	5,921	11,022
Less than 12 months, unrealized losses	7	26
12 months or longer, fair value	0	1,999
12 months or longer, unrealized losses	0	1
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	5,921	9,050
Corporate notes/bonds | Marketable Securities, Non- Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, non-current	0	3,971
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	4,174	4,346
Less than 12 months, unrealized losses	3	9
12 months or longer, fair value	0	0
12 months or longer, unrealized losses	0	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	0	0
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	3,424	2,441
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	$ 750	$ 1,905

Credit Losses - Additional Info

Credit Losses - Additional Information (Details)	3 Months Ended
	Jul. 31, 2024
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
	Jul. 31, 2024	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Income tax provision	$ 22,354	$ 18,420
Income tax provision tax rate	25.80%	28.10%

Segments - Additional Informati

Segments - Additional Information (Detail)	3 Months Ended
	Jul. 31, 2024 segment
Segment Reporting [Abstract]
Number of business segments	8

Segments - Financial Highlights

Segments - Financial Highlights (Details) - USD ($)	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 682,761,000	$ 706,262,000
Net income attributable to Korn Ferry	62,604,000	46,605,000
Net income attributable to noncontrolling interest	1,652,000	580,000
Other income, net	(14,505,000)	(13,577,000)
Interest expense, net	3,945,000	4,740,000
Income tax provision	22,354,000	18,420,000
Operating income	76,050,000	56,768,000
Depreciation and amortization	19,578,000	19,012,000
Other income, net	14,505,000	13,577,000
Integration/acquisition costs	1,076,000	4,128,000
Impairment of fixed assets	0	123,000
Impairment of right-of-use assets	0	1,629,000
Restructuring charges, net	0	421,000
Adjusted EBITDA	111,209,000	95,658,000
Fee revenue
Segment Reporting Information [Line Items]
Total revenue	$ 674,946,000	$ 699,189,000

Segments - Financial Highligh_2

Segments - Financial Highlights by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 682,761	$ 706,262
Adjusted EBITDA	111,209	95,658
Operating Segments | Consulting
Segment Reporting Information [Line Items]
Total revenue	170,767	170,793
Adjusted EBITDA	29,294	25,180
Operating Segments | Digital
Segment Reporting Information [Line Items]
Total revenue	88,211	88,012
Adjusted EBITDA	26,623	24,325
Operating Segments | North America
Segment Reporting Information [Line Items]
Total revenue	136,087	129,413
Adjusted EBITDA	35,098	28,756
Operating Segments | EMEA
Segment Reporting Information [Line Items]
Total revenue	46,276	47,135
Adjusted EBITDA	7,265	5,638
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	20,704	24,610
Adjusted EBITDA	4,218	6,315
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Total revenue	7,326	6,422
Adjusted EBITDA	2,798	1,741
Operating Segments | Professional Search & Interim
Segment Reporting Information [Line Items]
Total revenue	122,730	143,069
Adjusted EBITDA	25,706	24,329
Operating Segments | RPO
Segment Reporting Information [Line Items]
Total revenue	90,660	96,808
Adjusted EBITDA	12,494	10,471
Corporate
Segment Reporting Information [Line Items]
Total revenue	0	0
Adjusted EBITDA	(32,287)	(31,097)
Fee revenue
Segment Reporting Information [Line Items]
Total revenue	674,946	699,189
Fee revenue | Operating Segments | Consulting
Segment Reporting Information [Line Items]
Total revenue	167,870	168,088
Fee revenue | Operating Segments | Digital
Segment Reporting Information [Line Items]
Total revenue	88,180	87,986
Fee revenue | Operating Segments | North America
Segment Reporting Information [Line Items]
Total revenue	134,752	127,498
Fee revenue | Operating Segments | EMEA
Segment Reporting Information [Line Items]
Total revenue	45,981	46,776
Fee revenue | Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	20,579	24,539
Fee revenue | Operating Segments | Latin America
Segment Reporting Information [Line Items]
Total revenue	7,323	6,421
Fee revenue | Operating Segments | Professional Search & Interim
Segment Reporting Information [Line Items]
Total revenue	121,741	142,179
Fee revenue | Operating Segments | RPO
Segment Reporting Information [Line Items]
Total revenue	$ 88,520	$ 95,702

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Jun. 24, 2022	Jul. 31, 2024	Apr. 30, 2024
Credit Facilities
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity		$ 645,400,000	$ 645,500,000
Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		4,600,000	4,500,000
Standby Letters of Credit | Other Financial Institutions
Debt Instrument [Line Items]
Long-term debt arrangement		$ 12,300,000	13,200,000
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Debt instrument, interest rate		4.625%
Amended Credit Agreement
Debt Instrument [Line Items]
Debt instrument term	5 years
Amended Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 650,000,000
Amended Credit Agreement | Credit Facilities
Debt Instrument [Line Items]
Senior Unsecured Notes		$ 0
Credit Agreement | Prior Credit Facility
Debt Instrument [Line Items]
Senior Unsecured Notes			$ 0

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt, at Amortized Cost (Detail) - USD ($) $ in Thousands	Jul. 31, 2024	Apr. 30, 2024
Debt Instrument [Line Items]
Long-term borrowings, net of unamortized discount and debt issuance costs	$ 397,140	$ 396,946
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Less: Unamortized discount and issuance costs	(2,860)	(3,054)
Long-term borrowings, net of unamortized discount and debt issuance costs	397,140	396,946
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 ($)	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Leases [Abstract]
Lease impairment cost	$ 0	$ 1,629,000

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Finance lease cost
Amortization of ROU assets	$ 379,000	$ 402,000
Interest on lease liabilities	49,000	54,000
Finance lease cost	428,000	456,000
Operating lease cost	11,995,000	11,697,000
Short-term lease cost	226,000	269,000
Variable lease cost	2,341,000	3,191,000
Lease impairment cost	0	1,629,000
Sublease income	(1,153,000)	(1,063,000)
Total lease cost	$ 13,837,000	$ 16,179,000

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 13,628	$ 13,568
Financing cash flows from finance leases	412	382
ROU assets obtained in exchange for lease obligations:
Operating leases	3,613	1,219
Finance leases	$ 142	$ 447

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Detail) $ in Thousands	Jul. 31, 2024 USD ($)
Operating
2025 (excluding the three months ended July 31, 2024)	$ 30,541
2026	38,857
2027	29,809
2028	23,058
2029	18,476
Thereafter	85,032
Total lease payments	225,773
Less: imputed interest	52,624
Total	173,149
Financing
2025 (excluding the three months ended July 31, 2024)	1,169
2026	1,240
2027	805
2028	531
2029	11
Thereafter	0
Total lease payments	3,756
Less: imputed interest	282
Total	$ 3,474

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - $ / shares		3 Months Ended
	Sep. 04, 2024	Jul. 31, 2024	Jul. 31, 2023
Subsequent Event [Line Items]
Cash dividends declared per share (in usd per share)		$ 0.37	$ 0.18
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per share (in usd per share)	$ 0.37