Korn Ferry (KFY) 10-Q8 Mar 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Jan. 31, 2024	Mar. 04, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 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		52,180,239
Entity Central Index Key	0000056679
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
ASSETS
Cash and cash equivalents	$ 736,797	$ 844,024
Marketable securities	45,727	44,837
Receivables due from clients, net of allowance for doubtful accounts of $50,302 and $44,377 at January 31, 2024 and April 30, 2023, respectively	589,717	569,601
Income taxes and other receivables	63,020	67,512
Unearned compensation	60,071	63,476
Prepaid expenses and other assets	49,377	49,219
Total current assets	1,544,709	1,638,669
Marketable securities, non-current	204,326	179,040
Property and equipment, net	163,600	161,876
Operating lease right-of-use assets, net	167,441	142,690
Cash surrender value of company-owned life insurance policies, net of loans	216,450	197,998
Deferred income taxes	121,267	102,057
Goodwill	909,330	909,491
Intangible assets, net	95,151	114,426
Unearned compensation, non-current	111,286	103,607
Investments and other assets	22,765	24,590
Total assets	3,556,325	3,574,444
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	46,368	53,386
Income taxes payable	23,599	19,969
Compensation and benefits payable	423,268	532,934
Operating lease liability, current	36,895	45,821
Other accrued liabilities	312,511	324,150
Total current liabilities	842,641	976,260
Deferred compensation and other retirement plans	427,464	396,534
Operating lease liability, non-current	151,159	119,220
Long-term debt	396,755	396,194
Deferred tax liabilities	5,709	5,352
Other liabilities	25,186	27,879
Total liabilities	1,848,914	1,921,439
Stockholders' equity
Common stock: $0.01 par value, 150,000 shares authorized, 77,511 and 76,693 shares issued and 52,345 and 52,269 shares outstanding at January 31, 2024 and April 30, 2023, respectively	428,413	429,754
Retained earnings	1,378,140	1,311,081
Accumulated other comprehensive loss, net	(102,930)	(92,764)
Total Korn Ferry stockholders' equity	1,703,623	1,648,071
Noncontrolling interest	3,788	4,934
Total stockholders' equity	1,707,411	1,653,005
Total liabilities and stockholders' equity	$ 3,556,325	$ 3,574,444

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 50,302	$ 44,377
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000	150,000
Common stock, shares issued (in shares)	77,511	76,693
Common stock, shares outstanding (in shares)	52,345	52,269

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Total revenue	$ 676,873	$ 686,845	$ 2,095,582	$ 2,125,712
Compensation and benefits	456,216	479,382	1,389,956	1,409,774
General and administrative expenses	62,661	72,785	194,315	202,328
Depreciation and amortization	19,509	17,037	58,075	50,359
Restructuring charges, net	4,612	41,162	68,558	41,162
Total operating expenses	627,006	674,332	1,966,131	1,881,953
Operating income	49,867	12,513	129,451	243,759
Other income, net	23,817	13,097	23,559	4,824
Interest expense, net	(4,946)	(5,378)	(16,282)	(20,088)
Income before provision for income taxes	68,738	20,232	136,728	228,495
Income tax provision	9,018	8,463	29,779	63,575
Net income	59,720	11,769	106,949	164,920
Net income attributable to noncontrolling interest	(649)	(522)	(2,984)	(2,885)
Net income attributable to Korn Ferry	$ 59,071	$ 11,247	$ 103,965	$ 162,035
Earnings per common share attributable to Korn Ferry:
Basic (in usd per share)	$ 1.14	$ 0.21	$ 2	$ 3.07
Diluted (in usd per share)	$ 1.13	$ 0.21	$ 1.99	$ 3.05
Weighted-average common shares outstanding:
Basic (in shares)	51,126	51,278	51,129	51,639
Diluted (in shares)	51,343	51,431	51,329	51,999
Cash dividends declared per share (in usd per share)	$ 0.33	$ 0.15	$ 0.69	$ 0.45
Fee revenue
Total revenue	$ 668,679	$ 680,782	$ 2,071,871	$ 2,104,534
Cost of services	75,814	57,903	231,516	157,152
Reimbursed out-of-pocket engagement expenses
Total revenue	8,194	6,063	23,711	21,178
Reimbursed expenses
Cost of services	$ 8,194	$ 6,063	$ 23,711	$ 21,178

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 59,720	$ 11,769	$ 106,949	$ 164,920
Other comprehensive income:
Foreign currency translation adjustments	12,990	39,915	(10,228)	(4,164)
Deferred compensation and pension plan adjustments, net of tax	29	60	84	165
Net unrealized gain on marketable securities, net of tax	172	321	344	10
Comprehensive income	72,911	52,065	97,149	160,931
Less: comprehensive income attributable to noncontrolling interest	(897)	(955)	(3,350)	(3,513)
Comprehensive income attributable to Korn Ferry	$ 72,014	$ 51,110	$ 93,799	$ 157,418

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Total Korn Ferry Stockholders' Equity	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss, Net	Noncontrolling Interest
Beginning balance (in shares) at Apr. 30, 2022			53,190
Beginning balance at Apr. 30, 2022	$ 1,549,589	$ 1,544,346	$ 502,008	$ 1,134,523	$ (92,185)	$ 5,243
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	78,536	77,247		77,247		1,289
Other comprehensive (loss) income	(16,307)	(16,259)			(16,259)	(48)
Dividends paid to shareholders	(8,703)	(8,703)		(8,703)
Purchase of stock (in shares)			(735)
Purchase of stock	(44,276)	(44,276)	$ (44,276)
Issuance of stock (in shares)			1,047
Issuance of stock	4,857	4,857	$ 4,857
Stock-based compensation	7,538	7,538	$ 7,538
Ending balance (in shares) at Jul. 31, 2022			53,502
Ending balance at Jul. 31, 2022	1,571,234	1,564,750	$ 470,127	1,203,067	(108,444)	6,484
Beginning balance (in shares) at Apr. 30, 2022			53,190
Beginning balance at Apr. 30, 2022	1,549,589	1,544,346	$ 502,008	1,134,523	(92,185)	5,243
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	164,920
Ending balance (in shares) at Jan. 31, 2023			52,522
Ending balance at Jan. 31, 2023	1,613,014	1,608,979	$ 434,163	1,271,618	(96,802)	4,035
Beginning balance (in shares) at Jul. 31, 2022			53,502
Beginning balance at Jul. 31, 2022	1,571,234	1,564,750	$ 470,127	1,203,067	(108,444)	6,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	74,615	73,541		73,541		1,074
Other comprehensive (loss) income	(27,978)	(28,221)			(28,221)	243
Dividends paid to shareholders	(8,171)	(8,171)		(8,171)
Dividends paid to noncontrolling interest	(3,133)					(3,133)
Purchase of stock (in shares)			(627)
Purchase of stock	(33,286)	(33,286)	$ (33,286)
Issuance of stock (in shares)			34
Stock-based compensation	9,439	9,439	$ 9,439
Ending balance (in shares) at Oct. 31, 2022			52,909
Ending balance at Oct. 31, 2022	1,582,720	1,578,052	$ 446,280	1,268,437	(136,665)	4,668
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	11,769	11,247		11,247		522
Other comprehensive (loss) income	40,296	39,863			39,863	433
Dividends paid to shareholders	(8,066)	(8,066)		(8,066)
Dividends paid to noncontrolling interest	(1,588)					(1,588)
Purchase of stock (in shares)			(464)
Purchase of stock	(25,062)	(25,062)	$ (25,062)
Issuance of stock (in shares)			77
Issuance of stock	3,595	3,595	$ 3,595
Stock-based compensation	9,350	9,350	$ 9,350
Ending balance (in shares) at Jan. 31, 2023			52,522
Ending balance at Jan. 31, 2023	$ 1,613,014	1,608,979	$ 434,163	1,271,618	(96,802)	4,035
Beginning balance (in shares) at Apr. 30, 2023	52,269		52,269
Beginning balance at Apr. 30, 2023	$ 1,653,005	1,648,071	$ 429,754	1,311,081	(92,764)	4,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	47,185	46,605		46,605		580
Other comprehensive (loss) income	2,628	2,293			2,293	335
Dividends paid to shareholders	(9,627)	(9,627)		(9,627)
Purchase of stock (in shares)			(291)
Purchase of stock	(14,358)	(14,358)	$ (14,358)
Issuance of stock (in shares)			727
Issuance of stock	5,217	5,217	$ 5,217
Stock-based compensation	8,480	8,480	$ 8,480
Ending balance (in shares) at Jul. 31, 2023			52,705
Ending balance at Jul. 31, 2023	$ 1,692,530	1,686,681	$ 429,093	1,348,059	(90,471)	5,849
Beginning balance (in shares) at Apr. 30, 2023	52,269		52,269
Beginning balance at Apr. 30, 2023	$ 1,653,005	1,648,071	$ 429,754	1,311,081	(92,764)	4,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ 106,949
Ending balance (in shares) at Jan. 31, 2024	52,345		52,345
Ending balance at Jan. 31, 2024	$ 1,707,411	1,703,623	$ 428,413	1,378,140	(102,930)	3,788
Beginning balance (in shares) at Jul. 31, 2023			52,705
Beginning balance at Jul. 31, 2023	1,692,530	1,686,681	$ 429,093	1,348,059	(90,471)	5,849
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	44	(1,711)		(1,711)		1,755
Other comprehensive (loss) income	(25,619)	(25,402)			(25,402)	(217)
Dividends paid to shareholders	(9,662)	(9,662)		(9,662)
Dividends paid to noncontrolling interest	(3,040)					(3,040)
Purchase of stock (in shares)			(100)
Purchase of stock	(4,765)	(4,765)	$ (4,765)
Issuance of stock (in shares)			51
Stock-based compensation	11,012	11,012	$ 11,012
Ending balance (in shares) at Oct. 31, 2023			52,656
Ending balance at Oct. 31, 2023	1,660,500	1,656,153	$ 435,340	1,336,686	(115,873)	4,347
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	59,720	59,071		59,071		649
Other comprehensive (loss) income	13,191	12,943			12,943	248
Dividends paid to shareholders	(17,617)	(17,617)		(17,617)
Dividends paid to noncontrolling interest	(1,456)					(1,456)
Purchase of stock (in shares)			(384)
Purchase of stock	(21,102)	(21,102)	$ (21,102)
Issuance of stock (in shares)			73
Issuance of stock	4,056	4,056	$ 4,056
Stock-based compensation	$ 10,119	10,119	$ 10,119
Ending balance (in shares) at Jan. 31, 2024	52,345		52,345
Ending balance at Jan. 31, 2024	$ 1,707,411	$ 1,703,623	$ 428,413	$ 1,378,140	$ (102,930)	$ 3,788

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Cash flows from operating activities:
Net income	$ 106,949	$ 164,920
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	58,075	50,359
Stock-based compensation expense	30,260	26,910
Provision for doubtful accounts	17,204	16,725
Gain on marketable securities	(22,801)	(2,960)
Deferred income taxes	(18,818)	(9,082)
Gain on cash surrender value of life insurance policies	(6,444)	(7,439)
Impairment of right-of-use assets	1,629	5,471
Impairment of fixed assets	1,575	4,375
Change in other assets and liabilities:
Accounts payable and accrued liabilities	(147,559)	(128,596)
Receivables due from clients	(37,320)	(35,739)
Deferred compensation	49,609	42,627
Unearned compensation	(4,274)	8,130
Income taxes and other receivables	(8,712)	(26,439)
Income taxes payable	3,410	(17,492)
Prepaid expenses and other assets	(158)	2,574
Other	(520)	(1,560)
Net cash provided by operating activities	22,105	92,784
Cash flows from investing activities:
Purchase of property and equipment	(43,287)	(54,049)
Purchase of marketable securities	(40,714)	(53,530)
Proceeds from sales/maturities of marketable securities	38,138	53,697
Proceeds from life insurance policies	16,272	2,696
Premium on company-owned life insurance policies	(14,953)	(14,998)
Dividends received from unconsolidated subsidiaries	0	150
Cash paid for acquisitions, net of cash acquired	0	(99,322)
Net cash used in investing activities	(44,544)	(165,356)
Cash flows from financing activities:
Dividends paid to shareholders	(36,906)	(24,940)
Repurchases of common stock	(30,128)	(82,456)
Payments of tax withholdings on restricted stock	(10,609)	(22,136)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan	8,347	7,606
Dividends - noncontrolling interest	(4,496)	(4,721)
Principal payments on finance leases	(1,361)	(1,228)
Payments on life insurance policy loans	(123)	(2,244)
Net cash used in financing activities	(75,276)	(130,119)
Effect of exchange rate changes on cash and cash equivalents	(9,512)	(3,481)
Net decrease in cash and cash equivalents	(107,227)	(206,172)
Cash and cash equivalents at beginning of period	844,024	978,070
Cash and cash equivalents at end of the period	$ 736,797	$ 771,898

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
Organization and Summary of Significant Accounting Policies	Jan. 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 global organizational consulting firm. The Company helps clients synchronize strategy and talent to drive superior performance. The Company works with organizations to design their structures, roles, and responsibilities. The Company helps organizations hire the right people to bring their strategy to life and advise them on how to reward, develop, and motivate their people. The Company is pursuing a strategy designed to help Korn Ferry focus on clients and collaborate intensively across the organization. This approach is intended to build on the best of the Company’s past and give the Company a clear path to the future with focused initiatives to increase its client and commercial impact. Korn Ferry is transforming how clients address their talent management needs. The Company has evolved from a mono-line to a diversified business, giving its consultants more frequent and expanded opportunities to engage with clients. The Company services its clients with a core set of solutions that are anchored around talent and talent management – essentially touching every aspect of an employer’s engagement with their employees. Korn Ferry's five core solutions are as follows: Organizational Strategy, Assessment and Succession, Leadership and Professional Development, Total Rewards, and Talent Acquisition. The Company's colleagues engage with clients through the delivery of one of the Company's core solutions as a point solution sale or through combining component parts of the Company's core solutions into an integrated solution. In either case, Korn Ferry is solving 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, 2023 for the Company and its wholly and majority owned/controlled domestic and international subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of the 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 periods 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 RPO, either stand-alone or as part of a solution. Revenue is recognized when control of the goods and services are transferred to the customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. Revenue contracts with customers are evaluated based on the five-step model outlined in Accounting Standards Codification (“ASC”) 606 (“ASC 606”), Revenue from Contracts with Customers: 1) identify the contract with a customer; 2) identify the performance obligation(s) in the contract; 3) determine the transaction price; 4) allocate the transaction price to the separate performance obligation(s); and 5) recognize revenue when (or as) each performance obligation is satisfied. Consulting fee revenue is primarily recognized as services are rendered, measured by total hours incurred as a percentage of the total estimated hours at completion. It is possible that updated estimates for consulting engagements may vary from initial estimates with such updates being recognized in the period of determination. Depending on the timing of billings and services rendered, the Company accrues or defers revenue as appropriate. Digital fee revenue is generated from IP platforms enabling large-scale, technology-based talent programs for pay, talent development, engagement, and assessment and is consumed directly by an end user or indirectly through a consulting engagement. Revenue is recognized as services are delivered and the Company has a legally enforceable right to payment. Revenue also comes from the sale of the Company’s proprietary IP subscriptions, which are considered symbolic IP due to the dynamic nature of the content. As a result, revenue is recognized over the term of the contract. Functional IP licenses grant customers the right to use IP content via the delivery of a flat file. Because the IP content license has significant stand-alone functionality, revenue is recognized upon delivery and when an enforceable right to payment exists. Revenue for tangible and digital products sold by the Company, such as books and digital files, is recognized when these products are shipped. Fee revenue from executive and professional search activities is generally one-third of the estimated first-year cash compensation of the placed candidate, plus a percentage of the fee to cover indirect engagement-related expenses. In addition to the search retainer, an uptick fee is billed when the actual compensation awarded by the client for a placement is higher than the estimated compensation. In the aggregate, upticks have been a relatively consistent percentage of the original estimated fee; therefore, the Company estimates upticks using the expected value method based on historical data on a portfolio basis. In a standard search engagement, there is one performance obligation, which is the promise to undertake a search. The Company generally recognizes such revenue over the course of a search and when it is legally entitled to payment as outlined in the billing terms of the contract. Any revenues associated with services that are provided on a contingent basis are recognized once the contingency is resolved, as this is when control is transferred to the customer. These assumptions determine the timing of revenue recognition for the reported period. In addition to talent acquisition for permanent placement roles, the Professional Search & Interim segment also offers recruitment services for interim roles. Interim roles are short term in duration, generally less than 12 months. Generally, each interim role is a separate performance obligation. The Company recognizes fee revenue over the duration that the interim resources’ services are provided which also aligns to the contracted invoicing plan and enforceable right to payment. RPO fee revenue is generated through two distinct phases: 1) the implementation phase and 2) the post-implementation recruitment phase. The fees associated with the implementation phase are recognized over the period that the related implementation services are provided. The post-implementation recruitment phase represents end-to-end recruiting services to clients for which there are both fixed and variable fees, which are recognized over the period that the related recruiting services are performed. 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 January 31, 2024 and April 30, 2023, the Company's investments in cash equivalents consisted of money market funds and commercial paper and as of January 31, 2024 also consisted of U.S. Treasury and Agency securities. The Company maintains its cash and cash equivalents in bank accounts that exceed federally insured FDIC limits. The Company has not experienced any losses in such accounts. Marketable Securities The Company currently has investments in marketable securities and mutual funds that are classified as either equity securities or available-for-sale debt securities. The classification of the investments in these marketable securities and mutual funds is assessed upon purchase and reassessed at each reporting period. These investments are recorded at fair value and are classified as marketable securities in the accompanying condensed consolidated balance sheets. The investments that the Company may sell within the next 12 months are carried as current assets. The Company invests in mutual funds (for which market prices are readily available) that are held in trust to satisfy obligations under the Company’s deferred compensation plans. Such investments are classified as equity securities and mirror the employees’ investment elections in their deemed accounts in the Executive Capital Accumulation Plan and similar plans in Asia Pacific and Canada (“ECAP”) from a pre-determined set of securities. Realized gains (losses) on marketable securities are determined by specific identification. Interest is recognized on an accrual basis; dividends are recorded as earned on the ex-dividend date. Interest, dividend income and the changes in fair value in marketable securities are recorded in the accompanying condensed consolidated statements of operations in other income, net. The Company also invests cash in excess of its daily operating requirements and capital needs primarily in marketable fixed income (debt) securities in accordance with the Company’s investment policy, which restricts the type of investments that can be made. The Company’s investment portfolio includes commercial paper, corporate notes/bonds and 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 and nine months ended January 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 January 31, 2024 and April 30, 2023, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts. The carrying amount of cash equivalents and accounts receivable approximates fair value due to the short-term maturity of these instruments. The fair values of marketable securities classified as equity securities are obtained from quoted market prices, and the fair values of marketable securities classified as available-for-sale and foreign currency forward contracts are obtained from a third party, which are based on quoted prices or market prices for similar assets and financial instruments. Impairment of Long-Lived Assets Long-lived assets include property, equipment, right-of-use ("ROU") assets and software developed or obtained for internal use. In accordance with ASC 360, Property, Plant and Equipment , management reviews the Company’s recorded long-lived assets for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company determines the extent to which an asset may be impaired based upon its expectation of the asset’s future usability, as well as on a reasonable assurance that the future cash flows associated with the asset will be in excess of its carrying amount. If the total of the expected undiscounted future cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between fair value and the carrying value of the asset. During the nine months ended January 31, 2024, the Company reduced its real estate footprint and as a result, the Company recognized an impairment charge of ROU assets of $1.6 million and an impairment of leasehold improvements and furniture and fixtures of $0.1 million, both recorded in the condensed consolidated statements of income in general and administrative expenses. During the nine months ended January 31, 2024, the Company also recognized a $1.5 million software impairment charge in the Digital segment, which was recorded in the condensed consolidated statements of income in general and administrative expenses. During the three and nine months ended January 31, 2023, the Company reduced its real estate footprint and as a result, the Company recorded an impairment charge of ROU assets of $5.5 million and an impairment of leasehold improvements and furniture and fixtures of $4.4 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 qualitative impairment test performed as of January 31, 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 April 30, 2023, there were no indicators of potential impairment with respect to the Company’s goodwill that would require further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases and IP. Intangible assets are recorded at their estimated fair value at the date of acquisition and are amortized in a pattern in which the asset is consumed, if that pattern can be reliably determined, or using the straight-line method over their estimated useful lives, which range from one Restructuring Charges, Net The Company accounts for its restructuring charges as a liability when the obligations are incurred and records such charges at fair value. Changes in the estimates of the restructuring charges are recorded in the period the change is determined. Earnings Per Share ASC 260, Earnings Per Share , requires companies to treat unvested share-based payment awards that have non-forfeitable rights to dividends prior to vesting as a separate class of securities in calculating 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 amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expense. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods with fiscal years beginning after December 15, 2024. The Company will adopt this guidance in its fiscal year beginning May 1, 2024. The adoption of this guidance is not anticipated to have 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 amendments provide improvements to income tax disclosures by requiring specific categories in the rate reconciliation and disaggregated information for income taxes paid. The amendments of this update are 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	9 Months Ended
Basic and Diluted Earnings Per Share	Jan. 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 Nine Months Ended 2024 2023 2024 2023 (in thousands, except per share data) Net income attributable to Korn Ferry $ 59,071 $ 11,247 $ 103,965 $ 162,035 Less: distributed and undistributed earnings to nonvested restricted stockholders 1,014 249 1,954 3,545 Basic net earnings attributable to common stockholders 58,057 10,998 102,011 158,490 Add: undistributed earnings to nonvested restricted stockholders 717 72 1,273 3,017 Less: reallocation of undistributed earnings to nonvested restricted stockholders 714 72 1,268 2,997 Diluted net earnings attributable to common stockholders $ 58,060 $ 10,998 $ 102,016 $ 158,510 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 51,126 51,278 51,129 51,639 Effect of dilutive securities: Restricted stock 216 150 193 352 ESPP 1 3 7 8 Diluted weighted-average number of common shares outstanding 51,343 51,431 51,329 51,999 Net earnings per common share: Basic earnings per share $ 1.14 $ 0.21 $ 2.00 $ 3.07 Diluted earnings per share $ 1.13 $ 0.21 $ 1.99 $ 3.05 During the three and nine months ended January 31, 2024, restricted stock awards of 0.9 million shares and 1.0 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive. During the three and nine months ended January 31, 2023, restricted stock awards of 1.2 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	9 Months Ended
Comprehensive Income	Jan. 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: January 31, April 30, (in thousands) Foreign currency translation adjustments $ (107,454) $ (96,860) Deferred compensation and pension plan adjustments, net of tax 4,465 4,381 Marketable securities unrealized gain (loss), net of tax 59 (285) Accumulated other comprehensive loss, net $ (102,930) $ (92,764) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended January 31, 2024: Foreign Deferred Unrealized (Losses) Gains on Marketable Securities (1) Accumulated (in thousands) Balance as of October 31, 2023 $ (120,196) $ 4,436 $ (113) $ (115,873) Unrealized gains arising during the period 12,742 — 172 12,914 Reclassification of realized net losses to net income — 29 — 29 Balance as of January 31, 2024 $ (107,454) $ 4,465 $ 59 $ (102,930) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the nine months ended January 31, 2024: Foreign Deferred Compensation and Pension Plan (2) Unrealized (Losses) Gains on Marketable Securities (1) Accumulated (in thousands) Balance as of April 30, 2023 $ (96,860) $ 4,381 $ (285) $ (92,764) Unrealized (losses) gains arising during the period (10,594) — 344 (10,250) Reclassification of realized net losses to net income — 84 — 84 Balance as of January 31, 2024 $ (107,454) $ 4,465 $ 59 $ (102,930) ___________________ (1) The tax effect on the unrealized gains were $0.1 million and $0.1 million for the three and nine months ended January 31, 2024. (2) The tax effect on the reclassifications of realized net losses was $0.1 million for the nine months ended January 31, 2024. The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended January 31, 2023: Foreign Deferred Compensation and Pension Plan Unrealized Losses on Marketable Securities (1) Accumulated (in thousands) Balance as of October 31, 2022 $ (136,991) $ 1,066 $ (740) $ (136,665) Unrealized gains arising during the period 39,482 — 321 39,803 Reclassification of realized net losses to net income — 60 — 60 Balance as of January 31, 2023 $ (97,509) $ 1,126 $ (419) $ (96,802) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the nine months ended January 31, 2023: Foreign Deferred Compensation and Pension Plan (2) Unrealized Losses on Marketable Securities Accumulated (in thousands) Balance as of April 30, 2022 $ (92,717) $ 961 $ (429) $ (92,185) Unrealized (losses) gains arising during the period (4,792) — 10 (4,782) Reclassification of realized net losses to net income — 165 — 165 Balance as of January 31, 2023 $ (97,509) $ 1,126 $ (419) $ (96,802) ___________________ (1) The tax effect on the unrealized gains was $0.1 million for the three months ended January 31, 2023. (2) The tax effect on the reclassifications of realized net losses was $0.1 million for the nine months ended January 31, 2023.

Employee Stock Plans

Employee Stock Plans	9 Months Ended
Employee Stock Plans	Jan. 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 Nine Months Ended 2024 2023 2024 2023 (in thousands) Restricted stock $ 10,119 $ 9,350 $ 29,611 $ 26,327 ESPP 188 134 649 583 Total stock-based compensation expense $ 10,307 $ 9,484 $ 30,260 $ 26,910 Common Stock During the three and nine months ended January 31, 2024, the Company repurchased (on the open market or through privately negotiated transactions) 382,500 shares and 565,000 shares of the Company’s common stock for $21.0 million and $29.6 million, respectively. During the three and nine months ended January 31, 2023, the Company repurchased (on the open market or through privately negotiated transactions) 462,500 shares and 1,454,867 shares of the Company's common stock for $25.0 million and $80.5 million, respectively.

Financial Instruments

Financial Instruments	9 Months Ended
Financial Instruments	Jan. 31, 2024
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2024 and April 30, 2023: January 31, 2024 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 14,670 $ 9 $ (3) $ 14,676 $ 1,500 $ 13,176 $ — $ — Corporate notes/bonds 19,814 84 (32) 19,866 — 10,897 8,969 — U.S. Treasury and Agency Securities 3,829 21 — 3,850 — 993 2,857 — Total debt investments $ 38,313 $ 114 $ (35) $ 38,392 $ 1,500 $ 25,066 $ 11,826 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 213,161 $ — $ 20,661 $ 192,500 $ — Total equity investments $ 213,161 $ — $ 20,661 $ 192,500 $ — Cash $ 590,938 $ 590,938 $ — $ — $ — Money market funds 144,359 144,359 — — — Level 2: Foreign currency forward contracts 651 — — — 651 Total $ 987,501 $ 736,797 $ 45,727 $ 204,326 $ 651 April 30, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Loss Level 2: Commercial paper $ 11,751 $ — $ (30) $ 11,721 $ — $ 11,721 $ — $ — Corporate notes/bonds 24,754 — (355) 24,399 — 21,492 2,907 — Total debt investments $ 36,505 $ — $ (385) $ 36,120 $ — $ 33,213 $ 2,907 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 187,757 $ — $ 11,624 $ 176,133 $ — Total equity investments $ 187,757 $ — $ 11,624 $ 176,133 $ — Cash $ 696,180 $ 696,180 $ — $ — $ — Money market funds 147,844 147,844 — — — Level 2: Foreign currency forward contracts 2,133 — — — 2,133 Total $ 1,070,034 $ 844,024 $ 44,837 $ 179,040 $ 2,133 ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $197.1 million and $172.2 million as of January 31, 2024 and April 30, 2023, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $22.3 million and $21.9 million as of January 31, 2024 and April 30, 2023, respectively. During the three and nine months ended January 31, 2024, the fair value of the investments increased; therefore, the Company recognized a gain of $23.8 million and $22.8 million, respectively, which was recorded in other income, net. During the three and nine months ended January 31, 2023, the fair value of the investments increased; therefore, the Company recognized a gain of $12.7 million and $3.0 million, respectively, which was recorded in other income, net. As of January 31, 2024, available-for-sale marketable securities had remaining maturities ranging from 1 month to 21 months. During the three and nine months ended January 31, 2024, there were $4.4 million and $30.6 million in sales/maturities of available-for-sale marketable securities, respectively. During the three and nine months ended January 31, 2023, there were $14.3 million and $47.3 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 January 31, 2024 and April 30, 2023, the Company’s investments in equity securities consisted of mutual funds for which market prices are readily available. Unrealized gains recorded for the period that relate to equity securities still held as of January 31, 2024 were $20.9 million. Unrealized losses recorded for the period that relate to equity securities still held as of January 31, 2023 were $2.8 million. Foreign Currency Forward Contracts Not Designated as Hedges The fair value of derivatives not designated as hedge instruments are as follows: January 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 1,032 $ 2,813 Derivative liabilities: Foreign currency forward contracts $ 381 $ 680 As of January 31, 2024, the total notional amounts of the forward contracts purchased and sold were $84.1 million and $33.7 million, respectively. As of April 30, 2023, the total notional amounts of the forward contracts purchased and sold were $112.7 million and $41.1 million, respectively. The Company recognizes forward contracts as a net asset or net liability on the condensed consolidated balance sheets as such contracts are covered by master netting agreements. During the three and nine months ended January 31, 2024, the Company incurred gains of $2.4 million and $0.9 million, respectively, related to forward contracts which are recorded in general and administrative expenses in the accompanying condensed consolidated statements of income. During the three and nine months ended January 31, 2023, the Company incurred gains of $3.3 million and $1.2 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 gains related to forward contracts offset foreign currency losses that result from transactions denominated in a currency other than the Company’s functional currency. The cash flows related to foreign currency forward contracts are included in cash flows from operating activities.

Deferred Compensation and Retir

Deferred Compensation and Retirement Plans	9 Months Ended
Deferred Compensation and Retirement Plans	Jan. 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 Nine Months Ended 2024 2023 2024 2023 (in thousands) Service cost $ 11,347 $ 10,573 $ 32,526 $ 30,200 Interest cost 3,435 2,439 10,228 7,263 Amortization of actuarial loss 184 218 551 654 Expected return on plan assets (1) (272) (289) (816) (867) Net periodic service credit amortization (101) (101) (304) (304) Net periodic benefit costs (2) $ 14,593 $ 12,840 $ 42,185 $ 36,946 ___________________ (1) The expected long-term rate of return on plan assets was 6.00% and 5.50% for January 31, 2024 and 2023, respectively. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the 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 $293.4 million and $275.1 million as of January 31, 2024 and April 30, 2023, respectively, was offset by outstanding policy loans of $77.0 million and $77.1 million in the accompanying condensed consolidated balance sheets as of January 31, 2024 and April 30, 2023, respectively. The CSV value of the underlying COLI investments increased by $2.5 million and $6.4 million during the three and nine months ended January 31, 2024, respectively, and was recorded as a decrease in compensation and benefits expense in the accompanying condensed consolidated statements of income. The CSV value of the underlying COLI investment increased by $2.5 million and $7.4 million during the three and nine months ended January 31, 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 and nine months ended January 31, 2024, deferred compensation liability increased; therefore, the Company recognized an increase in compensation expense of $22.5 million and $22.7 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 $23.8 million and $22.8 million during the three and nine months ended January 31, 2024, recorded in other income, net on the condensed consolidated statements of income. During the three and nine months ended January 31, 2023, deferred compensation liability increased; therefore, the Company recognized an increase in compensation expense of $12.1 million and $3.5 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 $12.7 million and $3.0 million during the three and nine months ended January 31, 2023, recorded in other income, net on the condensed consolidated statements of income. (see Note 5— Financial Instruments ).

Fee Revenue

Fee Revenue	9 Months Ended
Fee Revenue	Jan. 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 January 31, 2024 and April 30, 2023: January 31, 2024 April 30, 2023 (in thousands) Contract assets-unbilled receivables $ 120,335 $ 99,442 Contract liabilities-deferred revenue $ 246,418 $ 257,067 During the nine months ended January 31, 2024, we recognized revenue of $175.1 million that was included in the contract liabilities balance at the beginning of the period. Performance Obligations The Company has elected to apply the practical expedient to exclude the value of unsatisfied performance obligations for contracts with a duration of one year or less, which applies to all executive search, professional search and to most of the fee revenue from the interim business. As of January 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 $1,081.3 million. Of the $1,081.3 million of remaining performance obligations, the Company expects to recognize approximately $212.5 million in the remainder of fiscal 2024, $523.1 million in fiscal 2025, $212.3 million in fiscal 2026 and the remaining $133.4 million in fiscal 2027 and thereafter. However, this amount should not be considered an indication of the Company’s future revenue as contracts with an initial term of one year or less are not included. Further, our contract terms and conditions allow for clients to increase or decrease the scope of services and such changes do not increase or decrease a performance obligation until the Company has an enforceable right to payment. Disaggregation of Revenue The Company disaggregates its revenue by line of business and further by region for Executive Search. This information is presented in Note 10— Segments . The following table provides further disaggregation of fee revenue by industry: Three Months Ended January 31, 2024 2023 Dollars % Dollars % (dollars in thousands) Industrial $ 205,187 30.7 % $ 199,341 29.3 % Financial Services 117,836 17.6 117,880 17.3 Life Sciences/Healthcare 115,775 17.3 125,064 18.4 Consumer Goods 97,467 14.6 88,631 13.0 Technology 90,784 13.6 112,218 16.5 Education/Non–Profit/General 41,630 6.2 37,648 5.5 Fee Revenue $ 668,679 100.0 % $ 680,782 100.0 % Nine Months Ended January 31, 2024 2023 Dollars % Dollars % (dollars in thousands) Industrial $ 612,036 29.5 % $ 601,698 28.6 % Financial Services 368,208 17.8 367,878 17.5 Life Sciences/Healthcare 358,994 17.3 391,863 18.6 Technology 304,686 14.7 359,475 17.1 Consumer Goods 290,890 14.1 283,859 13.5 Education/Non–Profit/General 137,057 6.6 99,761 4.7 Fee Revenue $ 2,071,871 100.0 % $ 2,104,534 100.0 %

Credit Losses

Credit Losses	9 Months Ended
Credit Losses	Jan. 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, 2023 $ 44,377 Provision for credit losses 17,204 Write-offs (11,272) Recoveries of amounts previously written off 259 Foreign currency translation (266) Balance at January 31, 2024 $ 50,302 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 January 31, 2024 Commercial paper $ 8,932 $ 3 $ — $ — $ 1,500 $ 7,432 $ — Corporate notes/bonds $ — $ — $ 7,480 $ 32 $ — $ 7,480 $ — Balance at April 30, 2023 Commercial paper $ 8,229 $ 26 $ 3,492 $ 4 $ — $ 11,721 $ — Corporate notes/bonds $ 9,581 $ 123 $ 13,815 $ 232 $ — $ 20,489 $ 2,907 The Company only purchases high grade bonds

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Jan. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income tax was an expense of $9.0 million and $29.8 million in the three and nine months ended January 31, 2024, with an effective tax rate of 13.1% and 21.8%, respectively, compared to $8.5 million and $63.6 million in the three and nine months ended January 31, 2023, with an effective tax rate of 41.8% and 27.8%, respectively. 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 decrease in the effective tax rate for the three and nine months ended January 31, 2024 was due to a $9.7 million non-recurring tax benefit from actions taken in connection with the worldwide minimum tax that resulted in the release of a valuation allowance.

Segments

Segments	9 Months Ended
Segments	Jan. 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 Recruitment Process Outsourcing ("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 Nine Months Ended 2024 2023 2024 2023 Consolidated (in thousands) Fee revenue $ 668,679 $ 680,782 $ 2,071,871 $ 2,104,534 Total revenue $ 676,873 $ 686,845 $ 2,095,582 $ 2,125,712 Net income attributable to Korn Ferry $ 59,071 $ 11,247 $ 103,965 $ 162,035 Net income attributable to noncontrolling interest 649 522 2,984 2,885 Other income, net (23,817) (13,097) (23,559) (4,824) Interest expense, net 4,946 5,378 16,282 20,088 Income tax provision 9,018 8,463 29,779 63,575 Operating income 49,867 12,513 129,451 243,759 Depreciation and amortization 19,509 17,037 58,075 50,359 Other income, net 23,817 13,097 23,559 4,824 Integration/acquisition costs 3,899 2,456 13,057 9,472 Impairment of fixed assets — 4,375 1,575 4,375 Impairment of right-of-use assets — 5,471 1,629 5,471 Restructuring charges, net 4,612 41,162 68,558 41,162 Adjusted EBITDA (1) $ 101,704 $ 96,111 $ 295,904 $ 359,422 ___________________ (1) Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net. Financial highlights by reportable segments are as follows: Three Months Ended January 31, 2024 2023 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 166,947 $ 169,929 $ 27,812 $ 162,155 $ 164,414 $ 23,305 Digital 90,317 90,394 27,370 85,071 85,087 22,153 Executive Search: North America 121,449 123,059 29,382 132,810 134,255 30,446 EMEA 48,999 49,171 7,799 48,960 49,195 7,981 Asia Pacific 21,324 21,384 4,500 22,621 22,694 5,538 Latin America 7,541 7,543 1,750 7,654 7,658 2,462 Professional Search & Interim 130,890 131,824 23,795 117,980 118,616 21,969 RPO 81,212 83,569 9,291 103,531 104,926 9,849 Corporate — — (29,995) — — (27,592) Consolidated $ 668,679 $ 676,873 $ 101,704 $ 680,782 $ 686,845 $ 96,111 Nine Months Ended January 31, 2024 2023 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 512,830 $ 521,675 $ 81,920 $ 501,731 $ 508,994 $ 83,944 Digital 275,395 275,563 80,678 263,161 263,479 73,855 Executive Search: North America 381,459 386,405 87,574 426,839 431,286 112,164 EMEA 138,873 139,621 19,056 140,661 141,443 24,577 Asia Pacific 65,167 65,454 14,690 72,410 72,669 18,723 Latin America 22,041 22,050 4,296 23,283 23,289 7,686 Professional Search & Interim 411,453 414,348 73,746 351,670 354,430 83,587 RPO 264,653 270,466 28,617 324,779 330,122 43,562 Corporate — — (94,673) — — (88,676) Consolidated $ 2,071,871 $ 2,095,582 $ 295,904 $ 2,104,534 $ 2,125,712 $ 359,422

Long-Term Debt

Long-Term Debt	9 Months Ended
Long-Term Debt	Jan. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt 4.625% Senior Unsecured Notes due 2027 Long-term debt, net at amortized cost, consisted of the following: In thousands January 31, April 30, Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (3,245) (3,806) Long-term borrowings, net of unamortized discount and debt issuance costs $ 396,755 $ 396,194 Credit Facilities On June 24, 2022, the Company entered into an amendment (the “Amendment”) to its December 16, 2019 Credit Agreement (the “Credit Agreement”; as amended by the Amendment, the “Amended Credit Agreement”) with a syndicate of banks and Bank of America, National Association as administrative agent. The Amended Credit Agreement provides for five-year senior secured credit facilities in an aggregate amount of $1,150.0 million comprised of a $650.0 million revolving credit facility (the “Revolver”) and a $500.0 million delayed draw term loan facility (the “Delayed Draw Facility”, and together with the Revolver, the “Credit Facilities”). The Delayed Draw Facility expired on June 24, 2023. As of January 31, 2024 and April 30, 2023, there was no outstanding liability under the Credit Facilities, and the Company was in compliance with its debt covenants. The Company had a total of $645.4 million and $1,145.4 million available under the Credit Facilities after $4.6 million and $4.6 million of standby letters of credit were issued as of January 31, 2024 and April 30, 2023, respectively. Of the amount available under the Credit Facilities as of April 30, 2023, $500.0 million was under the Delayed Draw Facility that expired on June 24, 2023. The Company had a total of $14.0 million and $11.5 million of standby letters with other financial institutions as of January 31, 2024 and April 30, 2023, respectively. The standby letters of credit were generally issued as a result of entering into office premise leases.

Leases

Leases	9 Months Ended
Leases	Jan. 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. During the nine months ended January 31, 2024, 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. During both the three and nine months ended January 31, 2023, the Company reduced its real estate footprint and as a result recorded an impairment charge of the ROU assets of $5.5 million in the condensed consolidated statements of income. The components of lease expense were as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Finance lease cost Amortization of ROU assets $ 384 $ 366 $ 1,234 $ 1,104 Interest on lease liabilities 53 47 161 141 437 413 1,395 1,245 Operating lease cost 12,013 12,339 35,099 36,957 Short-term lease cost 178 183 669 616 Variable lease cost 3,371 3,300 10,286 7,538 Lease impairment cost — 5,471 1,629 5,471 Sublease income (1,096) (1,019) (3,210) (2,264) Total lease cost $ 14,903 $ 20,687 $ 45,868 $ 49,563 Supplemental cash flow information related to leases was as follows: Nine Months Ended 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 38,616 $ 49,870 Financing cash flows from finance leases $ 1,361 $ 1,228 ROU assets obtained in exchange for lease obligations: Operating leases $ 56,487 $ 8,967 Finance leases $ 882 $ 2,673 Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2024 (excluding the nine months ended January 31, 2024) $ 11,065 $ 417 2025 44,433 1,565 2026 37,467 1,193 2027 28,369 778 2028 21,783 509 Thereafter 101,660 12 Total lease payments 244,777 4,474 Less: imputed interest 56,723 355 Total $ 188,054 $ 4,119
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. During the nine months ended January 31, 2024, 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. During both the three and nine months ended January 31, 2023, the Company reduced its real estate footprint and as a result recorded an impairment charge of the ROU assets of $5.5 million in the condensed consolidated statements of income. The components of lease expense were as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Finance lease cost Amortization of ROU assets $ 384 $ 366 $ 1,234 $ 1,104 Interest on lease liabilities 53 47 161 141 437 413 1,395 1,245 Operating lease cost 12,013 12,339 35,099 36,957 Short-term lease cost 178 183 669 616 Variable lease cost 3,371 3,300 10,286 7,538 Lease impairment cost — 5,471 1,629 5,471 Sublease income (1,096) (1,019) (3,210) (2,264) Total lease cost $ 14,903 $ 20,687 $ 45,868 $ 49,563 Supplemental cash flow information related to leases was as follows: Nine Months Ended 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 38,616 $ 49,870 Financing cash flows from finance leases $ 1,361 $ 1,228 ROU assets obtained in exchange for lease obligations: Operating leases $ 56,487 $ 8,967 Finance leases $ 882 $ 2,673 Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2024 (excluding the nine months ended January 31, 2024) $ 11,065 $ 417 2025 44,433 1,565 2026 37,467 1,193 2027 28,369 778 2028 21,783 509 Thereafter 101,660 12 Total lease payments 244,777 4,474 Less: imputed interest 56,723 355 Total $ 188,054 $ 4,119

Restructuring Charges, Net

Restructuring Charges, Net	9 Months Ended
Restructuring Charges, Net	Jan. 31, 2024
Restructuring Charges [Abstract]
Restructuring Charges, Net	Restructuring Charges, Net In light of the challenging macroeconomic business environment arising from persistent inflationary pressures, rising interest rates and global economic and geopolitical uncertainty, on October 23, 2023, the Company initiated a plan (the “Plan”) intended to align its workforce with its current business realities through position eliminations. Due to the implementation of the Plan, the Company recorded restructuring charges of $68.6 million in the nine months ended January 31, 2024 across all lines of business related to severance for positions that were eliminated, which included adjustments to previously recorded restructuring accruals of $4.6 million during the three months ended January 31, 2024. On January 11, 2023, the Company implemented a separate restructuring plan and recorded restructuring charges of $41.2 million in the three and nine months ended January 31, 2023 across all lines of business related to severance for positions that were eliminated. Changes in the restructuring liability during the three months ended January 31, 2024 were as follows: Restructuring Liability (in thousands) As of October 31, 2023 $ 48,653 Restructuring charges, net 4,612 Reductions for cash payments (38,523) Exchange rate fluctuations 949 As of January 31, 2024 $ 15,691 Changes in the restructuring liability during the nine months ended January 31, 2024 were as follows: Restructuring Liability (in thousands) As of April 30, 2023 $ 8,004 Restructuring charges, net 68,558 Reductions for cash payments (46,240) Reductions for non-cash payments (15,421) Exchange rate fluctuations 790 As of January 31, 2024 $ 15,691 As of January 31, 2024 and April 30, 2023, the restructuring liability is included in the current portion of other accrued liabilities on the condensed consolidated balance sheets. Restructuring charges incurred by segment were as follows: Three Months Ended January 31, 2024 2023 (in thousands) Consulting $ 1,051 $ 10,842 Digital 618 2,856 Executive Search: North America 1,398 4,352 EMEA 855 12,255 Asia Pacific — 2,129 Latin America — 697 Professional Search & Interim — 4,835 RPO 690 3,097 Corporate — 99 Consolidated $ 4,612 $ 41,162 Nine Months Ended January 31, 2024 2023 (in thousands) Consulting $ 18,871 $ 10,842 Digital 9,469 2,856 Executive Search: North America 8,825 4,352 EMEA 17,265 12,255 Asia Pacific 1,963 2,129 Latin America 110 697 Professional Search & Interim 3,778 4,835 RPO 7,885 3,097 Corporate 392 99 Consolidated $ 68,558 $ 41,162

Subsequent Event

Subsequent Event	9 Months Ended
Subsequent Event	Jan. 31, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Quarterly Dividend Declaration On March 5, 2024, the Board of Directors of the Company declared a cash dividend of $0.33 per share with a payment date of April 15, 2024 to holders of the Company’s common stock of record at the close of business on March 27, 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		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Pay vs Performance Disclosure
Net income attributable to Korn Ferry	$ 59,071	$ 11,247	$ 103,965	$ 162,035

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jan. 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)	9 Months Ended
	Jan. 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, 2023 for the Company and its wholly and majority owned/controlled domestic and international subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of the 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 periods 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 RPO, either stand-alone or as part of a solution. Revenue is recognized when control of the goods and services are transferred to the customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. Revenue contracts with customers are evaluated based on the five-step model outlined in Accounting Standards Codification (“ASC”) 606 (“ASC 606”), Revenue from Contracts with Customers: 1) identify the contract with a customer; 2) identify the performance obligation(s) in the contract; 3) determine the transaction price; 4) allocate the transaction price to the separate performance obligation(s); and 5) recognize revenue when (or as) each performance obligation is satisfied. Consulting fee revenue is primarily recognized as services are rendered, measured by total hours incurred as a percentage of the total estimated hours at completion. It is possible that updated estimates for consulting engagements may vary from initial estimates with such updates being recognized in the period of determination. Depending on the timing of billings and services rendered, the Company accrues or defers revenue as appropriate. Digital fee revenue is generated from IP platforms enabling large-scale, technology-based talent programs for pay, talent development, engagement, and assessment and is consumed directly by an end user or indirectly through a consulting engagement. Revenue is recognized as services are delivered and the Company has a legally enforceable right to payment. Revenue also comes from the sale of the Company’s proprietary IP subscriptions, which are considered symbolic IP due to the dynamic nature of the content. As a result, revenue is recognized over the term of the contract. Functional IP licenses grant customers the right to use IP content via the delivery of a flat file. Because the IP content license has significant stand-alone functionality, revenue is recognized upon delivery and when an enforceable right to payment exists. Revenue for tangible and digital products sold by the Company, such as books and digital files, is recognized when these products are shipped. Fee revenue from executive and professional search activities is generally one-third of the estimated first-year cash compensation of the placed candidate, plus a percentage of the fee to cover indirect engagement-related expenses. In addition to the search retainer, an uptick fee is billed when the actual compensation awarded by the client for a placement is higher than the estimated compensation. In the aggregate, upticks have been a relatively consistent percentage of the original estimated fee; therefore, the Company estimates upticks using the expected value method based on historical data on a portfolio basis. In a standard search engagement, there is one performance obligation, which is the promise to undertake a search. The Company generally recognizes such revenue over the course of a search and when it is legally entitled to payment as outlined in the billing terms of the contract. Any revenues associated with services that are provided on a contingent basis are recognized once the contingency is resolved, as this is when control is transferred to the customer. These assumptions determine the timing of revenue recognition for the reported period. In addition to talent acquisition for permanent placement roles, the Professional Search & Interim segment also offers recruitment services for interim roles. Interim roles are short term in duration, generally less than 12 months. Generally, each interim role is a separate performance obligation. The Company recognizes fee revenue over the duration that the interim resources’ services are provided which also aligns to the contracted invoicing plan and enforceable right to payment. RPO fee revenue is generated through two distinct phases: 1) the implementation phase and 2) the post-implementation recruitment phase. The fees associated with the implementation phase are recognized over the period that the related implementation services are provided. The post-implementation recruitment phase represents end-to-end recruiting services to clients for which there are both fixed and variable fees, which are recognized over the period that the related recruiting services are performed.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts An allowance is established for doubtful accounts by taking a charge to general and administrative expenses. The Company’s expected credit loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers’ trade accounts receivable. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected is primarily based on historical loss-rate experience. When required, the Company adjusts the loss-rate methodology to account for current conditions and reasonable and supportable expectations of future economic and market conditions. The Company generally assesses future economic condition for a period of sixty to ninety days, which corresponds with the contractual life of its accounts receivables. After the Company exhausts all collection efforts, the amount of the allowance is reduced for balances written off as uncollectible.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less from the date of purchase to be cash equivalents. As of January 31, 2024 and April 30, 2023, the Company's investments in cash equivalents consisted of money market funds and commercial paper and as of January 31, 2024 also consisted of U.S. Treasury and Agency securities. The Company maintains its cash and cash equivalents in bank accounts that exceed federally insured FDIC limits. The Company has not experienced any losses in such accounts.
Marketable Securities	Marketable Securities The Company currently has investments in marketable securities and mutual funds that are classified as either equity securities or available-for-sale debt securities. The classification of the investments in these marketable securities and mutual funds is assessed upon purchase and reassessed at each reporting period. These investments are recorded at fair value and are classified as marketable securities in the accompanying condensed consolidated balance sheets. The investments that the Company may sell within the next 12 months are carried as current assets. The Company invests in mutual funds (for which market prices are readily available) that are held in trust to satisfy obligations under the Company’s deferred compensation plans. Such investments are classified as equity securities and mirror the employees’ investment elections in their deemed accounts in the Executive Capital Accumulation Plan and similar plans in Asia Pacific and Canada (“ECAP”) from a pre-determined set of securities. Realized gains (losses) on marketable securities are determined by specific identification. Interest is recognized on an accrual basis; dividends are recorded as earned on the ex-dividend date. Interest, dividend income and the changes in fair value in marketable securities are recorded in the accompanying condensed consolidated statements of operations in other income, net. The Company also invests cash in excess of its daily operating requirements and capital needs primarily in marketable fixed income (debt) securities in accordance with the Company’s investment policy, which restricts the type of investments that can be made. The Company’s investment portfolio includes commercial paper, corporate notes/bonds and 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 and nine months ended January 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 January 31, 2024 and April 30, 2023, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included cash equivalents, accounts receivable, marketable securities and foreign currency forward contracts. The carrying amount of cash equivalents and accounts receivable approximates fair value due to the short-term maturity of these instruments. The fair values of marketable securities classified as equity securities are obtained from quoted market prices, and the fair values of marketable securities classified as available-for-sale and foreign currency forward contracts are obtained from a third party, which are based on quoted prices or market prices for similar assets and financial instruments.
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. In accordance with ASC 360, Property, Plant and Equipment , management reviews the Company’s recorded long-lived assets for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company determines the extent to which an asset may be impaired based upon its expectation of the asset’s future usability, as well as on a reasonable assurance that the future cash flows associated with the asset will be in excess of its carrying amount. If the total of the expected undiscounted future cash flows is less than the carrying amount of the asset, a loss is recognized for the difference between fair value and the carrying value of the asset. During the nine months ended January 31, 2024, the Company reduced its real estate footprint and as a result, the Company recognized an impairment charge of ROU assets of $1.6 million and an impairment of leasehold improvements and furniture and fixtures of $0.1 million, both recorded in the condensed consolidated statements of income in general and administrative expenses. During the nine months ended January 31, 2024, the Company also recognized a $1.5 million software impairment charge in the Digital segment, which was recorded in the condensed consolidated statements of income in general and administrative expenses. During the three and nine months ended January 31, 2023, the Company reduced its real estate footprint and as a result, the Company recorded an impairment charge of ROU assets of $5.5 million and an impairment of leasehold improvements and furniture and fixtures of $4.4 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 qualitative impairment test performed as of January 31, 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 April 30, 2023, there were no indicators of potential impairment with respect to the Company’s goodwill that would require further testing. Intangible assets primarily consist of customer lists, non-compete agreements, proprietary databases and IP. Intangible assets are recorded at their estimated fair value at the date of acquisition and are amortized in a pattern in which the asset is consumed, if that pattern can be reliably determined, or using the straight-line method over their estimated useful lives, which range from one
Restructuring Charges, Net	Restructuring Charges, Net The Company accounts for its restructuring charges as a liability when the obligations are incurred and records such charges at fair value. Changes in the estimates of the restructuring charges are recorded in the period the change is determined.
Earnings Per Share	Earnings Per Share ASC 260, Earnings Per Share , requires companies to treat unvested share-based payment awards that have non-forfeitable rights to dividends prior to vesting as a separate class of securities in calculating 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 amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expense. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods with fiscal years beginning after December 15, 2024. The Company will adopt this guidance in its fiscal year beginning May 1, 2024. The adoption of this guidance is not anticipated to have 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 amendments provide improvements to income tax disclosures by requiring specific categories in the rate reconciliation and disaggregated information for income taxes paid. The amendments of this update are 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)	9 Months Ended
Basic and Diluted Earnings Per Share (Tables)	Jan. 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 Nine Months Ended 2024 2023 2024 2023 (in thousands, except per share data) Net income attributable to Korn Ferry $ 59,071 $ 11,247 $ 103,965 $ 162,035 Less: distributed and undistributed earnings to nonvested restricted stockholders 1,014 249 1,954 3,545 Basic net earnings attributable to common stockholders 58,057 10,998 102,011 158,490 Add: undistributed earnings to nonvested restricted stockholders 717 72 1,273 3,017 Less: reallocation of undistributed earnings to nonvested restricted stockholders 714 72 1,268 2,997 Diluted net earnings attributable to common stockholders $ 58,060 $ 10,998 $ 102,016 $ 158,510 Weighted-average common shares outstanding: Basic weighted-average number of common shares outstanding 51,126 51,278 51,129 51,639 Effect of dilutive securities: Restricted stock 216 150 193 352 ESPP 1 3 7 8 Diluted weighted-average number of common shares outstanding 51,343 51,431 51,329 51,999 Net earnings per common share: Basic earnings per share $ 1.14 $ 0.21 $ 2.00 $ 3.07 Diluted earnings per share $ 1.13 $ 0.21 $ 1.99 $ 3.05

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
Comprehensive Income (Tables)	Jan. 31, 2024
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss, net were as follows: January 31, April 30, (in thousands) Foreign currency translation adjustments $ (107,454) $ (96,860) Deferred compensation and pension plan adjustments, net of tax 4,465 4,381 Marketable securities unrealized gain (loss), net of tax 59 (285) Accumulated other comprehensive loss, net $ (102,930) $ (92,764)
Changes in Each Component of Accumulated Other Comprehensive Loss	The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended January 31, 2024: Foreign Deferred Unrealized (Losses) Gains on Marketable Securities (1) Accumulated (in thousands) Balance as of October 31, 2023 $ (120,196) $ 4,436 $ (113) $ (115,873) Unrealized gains arising during the period 12,742 — 172 12,914 Reclassification of realized net losses to net income — 29 — 29 Balance as of January 31, 2024 $ (107,454) $ 4,465 $ 59 $ (102,930) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the nine months ended January 31, 2024: Foreign Deferred Compensation and Pension Plan (2) Unrealized (Losses) Gains on Marketable Securities (1) Accumulated (in thousands) Balance as of April 30, 2023 $ (96,860) $ 4,381 $ (285) $ (92,764) Unrealized (losses) gains arising during the period (10,594) — 344 (10,250) Reclassification of realized net losses to net income — 84 — 84 Balance as of January 31, 2024 $ (107,454) $ 4,465 $ 59 $ (102,930) ___________________ (1) The tax effect on the unrealized gains were $0.1 million and $0.1 million for the three and nine months ended January 31, 2024. (2) The tax effect on the reclassifications of realized net losses was $0.1 million for the nine months ended January 31, 2024. The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended January 31, 2023: Foreign Deferred Compensation and Pension Plan Unrealized Losses on Marketable Securities (1) Accumulated (in thousands) Balance as of October 31, 2022 $ (136,991) $ 1,066 $ (740) $ (136,665) Unrealized gains arising during the period 39,482 — 321 39,803 Reclassification of realized net losses to net income — 60 — 60 Balance as of January 31, 2023 $ (97,509) $ 1,126 $ (419) $ (96,802) The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the nine months ended January 31, 2023: Foreign Deferred Compensation and Pension Plan (2) Unrealized Losses on Marketable Securities Accumulated (in thousands) Balance as of April 30, 2022 $ (92,717) $ 961 $ (429) $ (92,185) Unrealized (losses) gains arising during the period (4,792) — 10 (4,782) Reclassification of realized net losses to net income — 165 — 165 Balance as of January 31, 2023 $ (97,509) $ 1,126 $ (419) $ (96,802) ___________________ (1) The tax effect on the unrealized gains was $0.1 million for the three months ended January 31, 2023. (2) The tax effect on the reclassifications of realized net losses was $0.1 million for the nine months ended January 31, 2023.

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	9 Months Ended
Employee Stock Plans (Tables)	Jan. 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 Nine Months Ended 2024 2023 2024 2023 (in thousands) Restricted stock $ 10,119 $ 9,350 $ 29,611 $ 26,327 ESPP 188 134 649 583 Total stock-based compensation expense $ 10,307 $ 9,484 $ 30,260 $ 26,910

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
Financial Instruments (Tables)	Jan. 31, 2024
Fair Value Disclosures [Abstract]
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2024 and April 30, 2023: January 31, 2024 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 14,670 $ 9 $ (3) $ 14,676 $ 1,500 $ 13,176 $ — $ — Corporate notes/bonds 19,814 84 (32) 19,866 — 10,897 8,969 — U.S. Treasury and Agency Securities 3,829 21 — 3,850 — 993 2,857 — Total debt investments $ 38,313 $ 114 $ (35) $ 38,392 $ 1,500 $ 25,066 $ 11,826 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 213,161 $ — $ 20,661 $ 192,500 $ — Total equity investments $ 213,161 $ — $ 20,661 $ 192,500 $ — Cash $ 590,938 $ 590,938 $ — $ — $ — Money market funds 144,359 144,359 — — — Level 2: Foreign currency forward contracts 651 — — — 651 Total $ 987,501 $ 736,797 $ 45,727 $ 204,326 $ 651 April 30, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Loss Level 2: Commercial paper $ 11,751 $ — $ (30) $ 11,721 $ — $ 11,721 $ — $ — Corporate notes/bonds 24,754 — (355) 24,399 — 21,492 2,907 — Total debt investments $ 36,505 $ — $ (385) $ 36,120 $ — $ 33,213 $ 2,907 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 187,757 $ — $ 11,624 $ 176,133 $ — Total equity investments $ 187,757 $ — $ 11,624 $ 176,133 $ — Cash $ 696,180 $ 696,180 $ — $ — $ — Money market funds 147,844 147,844 — — — Level 2: Foreign currency forward contracts 2,133 — — — 2,133 Total $ 1,070,034 $ 844,024 $ 44,837 $ 179,040 $ 2,133 ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $197.1 million and $172.2 million as of January 31, 2024 and April 30, 2023, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $22.3 million and $21.9 million as of January 31, 2024 and April 30, 2023, respectively. During the three and nine months ended January 31, 2024, the fair value of the investments increased; therefore, the Company recognized a gain of $23.8 million and $22.8 million, respectively, which was recorded in other income, net. During the three and nine months ended January 31, 2023, the fair value of the investments increased; therefore, the Company recognized a gain of $12.7 million and $3.0 million, respectively, which was recorded in other income, net.
Financial Instruments and Balance Sheet Classification	The following tables show the Company’s financial instruments and balance sheet classification as of January 31, 2024 and April 30, 2023: January 31, 2024 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Income Level 2: Commercial paper $ 14,670 $ 9 $ (3) $ 14,676 $ 1,500 $ 13,176 $ — $ — Corporate notes/bonds 19,814 84 (32) 19,866 — 10,897 8,969 — U.S. Treasury and Agency Securities 3,829 21 — 3,850 — 993 2,857 — Total debt investments $ 38,313 $ 114 $ (35) $ 38,392 $ 1,500 $ 25,066 $ 11,826 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 213,161 $ — $ 20,661 $ 192,500 $ — Total equity investments $ 213,161 $ — $ 20,661 $ 192,500 $ — Cash $ 590,938 $ 590,938 $ — $ — $ — Money market funds 144,359 144,359 — — — Level 2: Foreign currency forward contracts 651 — — — 651 Total $ 987,501 $ 736,797 $ 45,727 $ 204,326 $ 651 April 30, 2023 Fair Value Measurement Balance Sheet Classification Cost Unrealized Unrealized Fair Cash and Marketable Marketable Income Taxes & Other Receivables (in thousands) Changes in Fair Value Recorded in Other Comprehensive Loss Level 2: Commercial paper $ 11,751 $ — $ (30) $ 11,721 $ — $ 11,721 $ — $ — Corporate notes/bonds 24,754 — (355) 24,399 — 21,492 2,907 — Total debt investments $ 36,505 $ — $ (385) $ 36,120 $ — $ 33,213 $ 2,907 $ — Changes in Fair Value Recorded in Net Income Level 1: Mutual funds (1) $ 187,757 $ — $ 11,624 $ 176,133 $ — Total equity investments $ 187,757 $ — $ 11,624 $ 176,133 $ — Cash $ 696,180 $ 696,180 $ — $ — $ — Money market funds 147,844 147,844 — — — Level 2: Foreign currency forward contracts 2,133 — — — 2,133 Total $ 1,070,034 $ 844,024 $ 44,837 $ 179,040 $ 2,133 ___________________ (1) These investments are held in trust for settlement of the Company’s vested obligations of $197.1 million and $172.2 million as of January 31, 2024 and April 30, 2023, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $22.3 million and $21.9 million as of January 31, 2024 and April 30, 2023, respectively. During the three and nine months ended January 31, 2024, the fair value of the investments increased; therefore, the Company recognized a gain of $23.8 million and $22.8 million, respectively, which was recorded in other income, net. During the three and nine months ended January 31, 2023, the fair value of the investments increased; therefore, the Company recognized a gain of $12.7 million and $3.0 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: January 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 1,032 $ 2,813 Derivative liabilities: Foreign currency forward contracts $ 381 $ 680
Fair Value of Liabilities Derivatives	The fair value of derivatives not designated as hedge instruments are as follows: January 31, April 30, (in thousands) Derivative assets: Foreign currency forward contracts $ 1,032 $ 2,813 Derivative liabilities: Foreign currency forward contracts $ 381 $ 680

Deferred Compensation and Ret_2

Deferred Compensation and Retirement Plans (Tables)	9 Months Ended
Deferred Compensation and Retirement Plans (Tables)	Jan. 31, 2024
Retirement Benefits [Abstract]
Components of Net Periodic Benefits Costs	The components of net periodic benefit costs are as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Service cost $ 11,347 $ 10,573 $ 32,526 $ 30,200 Interest cost 3,435 2,439 10,228 7,263 Amortization of actuarial loss 184 218 551 654 Expected return on plan assets (1) (272) (289) (816) (867) Net periodic service credit amortization (101) (101) (304) (304) Net periodic benefit costs (2) $ 14,593 $ 12,840 $ 42,185 $ 36,946 ___________________ (1) The expected long-term rate of return on plan assets was 6.00% and 5.50% for January 31, 2024 and 2023, respectively. (2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the condensed consolidated statements of income.

Fee Revenue (Tables)

Fee Revenue (Tables)	9 Months Ended
Fee Revenue (Tables)	Jan. 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 January 31, 2024 and April 30, 2023: January 31, 2024 April 30, 2023 (in thousands) Contract assets-unbilled receivables $ 120,335 $ 99,442 Contract liabilities-deferred revenue $ 246,418 $ 257,067
Schedule of Disaggregation of Fee Revenue by Industry	The following table provides further disaggregation of fee revenue by industry: Three Months Ended January 31, 2024 2023 Dollars % Dollars % (dollars in thousands) Industrial $ 205,187 30.7 % $ 199,341 29.3 % Financial Services 117,836 17.6 117,880 17.3 Life Sciences/Healthcare 115,775 17.3 125,064 18.4 Consumer Goods 97,467 14.6 88,631 13.0 Technology 90,784 13.6 112,218 16.5 Education/Non–Profit/General 41,630 6.2 37,648 5.5 Fee Revenue $ 668,679 100.0 % $ 680,782 100.0 % Nine Months Ended January 31, 2024 2023 Dollars % Dollars % (dollars in thousands) Industrial $ 612,036 29.5 % $ 601,698 28.6 % Financial Services 368,208 17.8 367,878 17.5 Life Sciences/Healthcare 358,994 17.3 391,863 18.6 Technology 304,686 14.7 359,475 17.1 Consumer Goods 290,890 14.1 283,859 13.5 Education/Non–Profit/General 137,057 6.6 99,761 4.7 Fee Revenue $ 2,071,871 100.0 % $ 2,104,534 100.0 %

Credit Losses (Tables)

Credit Losses (Tables)	9 Months Ended
Credit Losses (Tables)	Jan. 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, 2023 $ 44,377 Provision for credit losses 17,204 Write-offs (11,272) Recoveries of amounts previously written off 259 Foreign currency translation (266) Balance at January 31, 2024 $ 50,302
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 January 31, 2024 Commercial paper $ 8,932 $ 3 $ — $ — $ 1,500 $ 7,432 $ — Corporate notes/bonds $ — $ — $ 7,480 $ 32 $ — $ 7,480 $ — Balance at April 30, 2023 Commercial paper $ 8,229 $ 26 $ 3,492 $ 4 $ — $ 11,721 $ — Corporate notes/bonds $ 9,581 $ 123 $ 13,815 $ 232 $ — $ 20,489 $ 2,907

Segments (Tables)

Segments (Tables)	9 Months Ended
Segments (Tables)	Jan. 31, 2024
Segment Reporting [Abstract]
Financial Highlights	Financial highlights are as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Consolidated (in thousands) Fee revenue $ 668,679 $ 680,782 $ 2,071,871 $ 2,104,534 Total revenue $ 676,873 $ 686,845 $ 2,095,582 $ 2,125,712 Net income attributable to Korn Ferry $ 59,071 $ 11,247 $ 103,965 $ 162,035 Net income attributable to noncontrolling interest 649 522 2,984 2,885 Other income, net (23,817) (13,097) (23,559) (4,824) Interest expense, net 4,946 5,378 16,282 20,088 Income tax provision 9,018 8,463 29,779 63,575 Operating income 49,867 12,513 129,451 243,759 Depreciation and amortization 19,509 17,037 58,075 50,359 Other income, net 23,817 13,097 23,559 4,824 Integration/acquisition costs 3,899 2,456 13,057 9,472 Impairment of fixed assets — 4,375 1,575 4,375 Impairment of right-of-use assets — 5,471 1,629 5,471 Restructuring charges, net 4,612 41,162 68,558 41,162 Adjusted EBITDA (1) $ 101,704 $ 96,111 $ 295,904 $ 359,422 ___________________ (1) Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net.
Financial Highlights by Operating Segment	Financial highlights by reportable segments are as follows: Three Months Ended January 31, 2024 2023 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 166,947 $ 169,929 $ 27,812 $ 162,155 $ 164,414 $ 23,305 Digital 90,317 90,394 27,370 85,071 85,087 22,153 Executive Search: North America 121,449 123,059 29,382 132,810 134,255 30,446 EMEA 48,999 49,171 7,799 48,960 49,195 7,981 Asia Pacific 21,324 21,384 4,500 22,621 22,694 5,538 Latin America 7,541 7,543 1,750 7,654 7,658 2,462 Professional Search & Interim 130,890 131,824 23,795 117,980 118,616 21,969 RPO 81,212 83,569 9,291 103,531 104,926 9,849 Corporate — — (29,995) — — (27,592) Consolidated $ 668,679 $ 676,873 $ 101,704 $ 680,782 $ 686,845 $ 96,111 Nine Months Ended January 31, 2024 2023 Fee revenue Total revenue Adjusted EBITDA Fee revenue Total revenue Adjusted EBITDA (in thousands) Consulting $ 512,830 $ 521,675 $ 81,920 $ 501,731 $ 508,994 $ 83,944 Digital 275,395 275,563 80,678 263,161 263,479 73,855 Executive Search: North America 381,459 386,405 87,574 426,839 431,286 112,164 EMEA 138,873 139,621 19,056 140,661 141,443 24,577 Asia Pacific 65,167 65,454 14,690 72,410 72,669 18,723 Latin America 22,041 22,050 4,296 23,283 23,289 7,686 Professional Search & Interim 411,453 414,348 73,746 351,670 354,430 83,587 RPO 264,653 270,466 28,617 324,779 330,122 43,562 Corporate — — (94,673) — — (88,676) Consolidated $ 2,071,871 $ 2,095,582 $ 295,904 $ 2,104,534 $ 2,125,712 $ 359,422

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
Long-Term Debt (Tables)	Jan. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt, at Amortized Cost	Long-term debt, net at amortized cost, consisted of the following: In thousands January 31, April 30, Senior Unsecured Notes $ 400,000 $ 400,000 Less: Unamortized discount and issuance costs (3,245) (3,806) Long-term borrowings, net of unamortized discount and debt issuance costs $ 396,755 $ 396,194

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Jan. 31, 2024
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) Finance lease cost Amortization of ROU assets $ 384 $ 366 $ 1,234 $ 1,104 Interest on lease liabilities 53 47 161 141 437 413 1,395 1,245 Operating lease cost 12,013 12,339 35,099 36,957 Short-term lease cost 178 183 669 616 Variable lease cost 3,371 3,300 10,286 7,538 Lease impairment cost — 5,471 1,629 5,471 Sublease income (1,096) (1,019) (3,210) (2,264) Total lease cost $ 14,903 $ 20,687 $ 45,868 $ 49,563
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Nine Months Ended 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 38,616 $ 49,870 Financing cash flows from finance leases $ 1,361 $ 1,228 ROU assets obtained in exchange for lease obligations: Operating leases $ 56,487 $ 8,967 Finance leases $ 882 $ 2,673
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Year Ending April 30, Operating Financing (in thousands) 2024 (excluding the nine months ended January 31, 2024) $ 11,065 $ 417 2025 44,433 1,565 2026 37,467 1,193 2027 28,369 778 2028 21,783 509 Thereafter 101,660 12 Total lease payments 244,777 4,474 Less: imputed interest 56,723 355 Total $ 188,054 $ 4,119

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	9 Months Ended
Restructuring Charges, Net (Tables)	Jan. 31, 2024
Restructuring Charges [Abstract]
Changes in Restructuring Liability	Changes in the restructuring liability during the three months ended January 31, 2024 were as follows: Restructuring Liability (in thousands) As of October 31, 2023 $ 48,653 Restructuring charges, net 4,612 Reductions for cash payments (38,523) Exchange rate fluctuations 949 As of January 31, 2024 $ 15,691 Changes in the restructuring liability during the nine months ended January 31, 2024 were as follows: Restructuring Liability (in thousands) As of April 30, 2023 $ 8,004 Restructuring charges, net 68,558 Reductions for cash payments (46,240) Reductions for non-cash payments (15,421) Exchange rate fluctuations 790 As of January 31, 2024 $ 15,691
Restructuring Charges Incurred by Segment	Restructuring charges incurred by segment were as follows: Three Months Ended January 31, 2024 2023 (in thousands) Consulting $ 1,051 $ 10,842 Digital 618 2,856 Executive Search: North America 1,398 4,352 EMEA 855 12,255 Asia Pacific — 2,129 Latin America — 697 Professional Search & Interim — 4,835 RPO 690 3,097 Corporate — 99 Consolidated $ 4,612 $ 41,162 Nine Months Ended January 31, 2024 2023 (in thousands) Consulting $ 18,871 $ 10,842 Digital 9,469 2,856 Executive Search: North America 8,825 4,352 EMEA 17,265 12,255 Asia Pacific 1,963 2,129 Latin America 110 697 Professional Search & Interim 3,778 4,835 RPO 7,885 3,097 Corporate 392 99 Consolidated $ 68,558 $ 41,162

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)			3 Months Ended		9 Months Ended
	Jan. 31, 2024 USD ($) performance_obligation phase solution	Apr. 30, 2023 USD ($)	Jan. 31, 2024 USD ($) performance_obligation phase solution	Jan. 31, 2023 USD ($)	Jan. 31, 2024 USD ($) performance_obligation phase solution	Jan. 31, 2023 USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of core solutions \| solution	5		5		5
Number of revenue recognition phases \| phase	2		2		2
Number of performance obligations \| performance_obligation	1		1		1
Credit loss for available for sales debt securities	$ 0		$ 0	$ 0	$ 0	$ 0
Impairment of right-of-use assets			0	5,471,000	1,629,000	5,471,000
Impairment of fixed assets			$ 0	4,375,000	$ 1,575,000	4,375,000
Impairment of goodwill	0	$ 0
Impairment of intangible assets	$ 0	$ 0
Executive And Professional Search
Organization And Summary Of Significant Accounting Policies [Line Items]
Cash compensation, percentage	0.33		0.33		0.33
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives	1 year		1 year		1 year
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Intangible assets estimated useful lives	24 years		24 years		24 years
Right-Of-Use Assets
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of right-of-use assets				5,500,000	$ 1,600,000	5,500,000
Leasehold Improvements And Furniture And Fixtures
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of fixed assets				$ 4,400,000	100,000	$ 4,400,000
Software
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of fixed assets					$ 1,500,000

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		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Earnings Per Share Disclosure [Line Items]
Net income attributable to Korn Ferry	$ 59,071	$ 11,247	$ 103,965	$ 162,035
Less: distributed and undistributed earnings to nonvested restricted stockholders	1,014	249	1,954	3,545
Basic net earnings attributable to common stockholders	58,057	10,998	102,011	158,490
Add: undistributed earnings to nonvested restricted stockholders	717	72	1,273	3,017
Less: reallocation of undistributed earnings to nonvested restricted stockholders	714	72	1,268	2,997
Diluted net earnings attributable to common stockholders	$ 58,060	$ 10,998	$ 102,016	$ 158,510
Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding (in shares)	51,126	51,278	51,129	51,639
Diluted weighted-average number of common shares outstanding (in shares)	51,343	51,431	51,329	51,999
Net earnings per common share:
Basic earnings per share (in usd per share)	$ 1.14	$ 0.21	$ 2	$ 3.07
Diluted earnings per share (in usd per share)	$ 1.13	$ 0.21	$ 1.99	$ 3.05
ESPP
Weighted-average common shares outstanding:
Effect of dilutive securities (in shares)	1	3	7	8
Restricted Stock Awards
Weighted-average common shares outstanding:
Effect of dilutive securities (in shares)	216	150	193	352

Basic and Diluted Earnings Pe_4

Basic and Diluted Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted earnings per share (in shares)	0.9	1.2	1	1.2

Comprehensive Income - Componen

Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Equity [Abstract]
Foreign currency translation adjustments	$ (107,454)	$ (96,860)
Deferred compensation and pension plan adjustments, net of tax	4,465	4,381
Marketable securities unrealized gain (loss), net of tax	59	(285)
Accumulated other comprehensive loss, net	$ (102,930)	$ (92,764)

Comprehensive Income - Changes

Comprehensive Income - Changes in Each Component of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,648,071
Unrealized (losses) gains arising during the period	$ 12,914	$ 39,803	(10,250)	$ (4,782)
Reclassification of realized net losses to net income	29	60	84	165
Ending balance	1,703,623		1,703,623
Tax effect on unrealized gains (losses), securities, tax expense (benefit)	100	100	100
Tax effect on reclassification of realized net losses, tax benefit			100	100
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(120,196)	(136,991)	(96,860)	(92,717)
Unrealized (losses) gains arising during the period	12,742	39,482	(10,594)	(4,792)
Reclassification of realized net losses to net income	0	0	0	0
Ending balance	(107,454)	(97,509)	(107,454)	(97,509)
Deferred Compensation and Pension Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	4,436	1,066	4,381	961
Unrealized (losses) gains arising during the period	0	0	0	0
Reclassification of realized net losses to net income	29	60	84	165
Ending balance	4,465	1,126	4,465	1,126
Unrealized (Losses) Gains on Marketable Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(113)	(740)	(285)	(429)
Unrealized (losses) gains arising during the period	172	321	344	10
Reclassification of realized net losses to net income	0	0	0	0
Ending balance	59	(419)	59	(419)
Accumulated Other Comprehensive Loss, Net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(115,873)	(136,665)	(92,764)	(92,185)
Ending balance	$ (102,930)	$ (96,802)	$ (102,930)	$ (96,802)

Employee Stock Plans - Componen

Employee Stock Plans - Components of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 10,307	$ 9,484	$ 30,260	$ 26,910
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	188	134	649	583
Restricted Stock Awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 10,119	$ 9,350	$ 29,611	$ 26,327

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Jan. 31, 2024	Oct. 31, 2023	Jul. 31, 2023	Jan. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Jan. 31, 2024	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period, value	$ 21,102	$ 4,765	$ 14,358	$ 25,062	$ 33,286	$ 44,276
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased during the period (in shares)	382,500			462,500			565,000	1,454,867
Shares repurchased during the period, value	$ 21,000			$ 25,000			$ 29,600	$ 80,500

Financial Instruments - Financi

Financial Instruments - Financial Instruments and Balance Sheet Classification (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023	Apr. 30, 2023
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Assets, fair value	$ 987,501		$ 987,501		$ 1,070,034
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	736,797		736,797		844,024
Marketable Securities, Current	45,727		45,727		44,837
Marketable Securities, Non- current	204,326		204,326		179,040
Income Taxes & Other Receivables	651		651		2,133
Obligations for which assets are held in trust	197,100		197,100		172,200
Unvested obligations under deferred compensation plans	22,300		22,300		21,900
Increase (decrease) in the fair value of marketable securities	23,800	$ 12,700	22,800	$ 3,000
Fair Value, Inputs, Level 2
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	38,313		38,313
Unrealized Gains	114		114
Unrealized Losses	(35)		(35)
Debt securities AFS, fair value	38,392		38,392
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	1,500		1,500
Marketable Securities, Current	25,066		25,066
Marketable Securities, Non- current	11,826		11,826
Fair Value, Inputs, Level 2 \| Foreign currency forward contracts
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Foreign currency forward contracts, fair value	651		651		2,133
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	0		0		0
Marketable Securities, Non- current	0		0		0
Income Taxes & Other Receivables	651		651		2,133
Fair Value, Inputs, Level 2 \| Commercial paper
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	14,670		14,670		11,751
Unrealized Gains	9		9		0
Unrealized Losses	(3)		(3)		(30)
Debt securities AFS, fair value	14,676		14,676		11,721
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	1,500		1,500		0
Marketable Securities, Current	13,176		13,176		11,721
Marketable Securities, Non- current	0		0		0
Income Taxes & Other Receivables	0		0		0
Fair Value, Inputs, Level 2 \| Corporate notes/bonds
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	19,814		19,814		24,754
Unrealized Gains	84		84		0
Unrealized Losses	(32)		(32)		(355)
Debt securities AFS, fair value	19,866		19,866		24,399
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	10,897		10,897		21,492
Marketable Securities, Non- current	8,969		8,969		2,907
Income Taxes & Other Receivables	0		0		0
Fair Value, Inputs, Level 2 \| U.S. Treasury and Agency Securities
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cost	3,829		3,829		36,505
Unrealized Gains	21		21		0
Unrealized Losses	0		0		(385)
Debt securities AFS, fair value	3,850		3,850		36,120
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	993		993		33,213
Marketable Securities, Non- current	2,857		2,857		2,907
Income Taxes & Other Receivables	0		0		0
Fair Value, Inputs, Level 1 \| Mutual funds
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Equity securities, fair value	213,161		213,161		187,757
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	20,661		20,661		11,624
Marketable Securities, Non- current	192,500		192,500		176,133
Income Taxes & Other Receivables	0		0		0
Fair Value, Inputs, Level 1 \| Equity investments
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Equity securities, fair value	213,161		213,161		187,757
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	0		0		0
Marketable Securities, Current	20,661		20,661		11,624
Marketable Securities, Non- current	192,500		192,500		176,133
Income Taxes & Other Receivables	0		0		0
Fair Value, Inputs, Level 1 \| Cash
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cash and cash equivalents, fair value	590,938		590,938		696,180
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	590,938		590,938		696,180
Marketable Securities, Current	0		0		0
Marketable Securities, Non- current	0		0		0
Income Taxes & Other Receivables	0		0		0
Fair Value, Inputs, Level 1 \| Money market funds
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]
Cash and cash equivalents, fair value	144,359		144,359		147,844
Balance Sheet Related Disclosures [Abstract]
Cash and Cash Equivalents	144,359		144,359		147,844
Marketable Securities, Current	0		0		0
Marketable Securities, Non- current	0		0		0
Income Taxes & Other Receivables	$ 0		$ 0		$ 0

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023	Apr. 30, 2023
Financial Instrument [Line Items]
Sale/maturities of available-for-sale marketable securities	$ 4.4	$ 14.3	$ 30.6	$ 47.3
Unrealized gains relates to equity securities			20.9
Unrealized losses relates to equity securities				2.8
Not Designated as Hedge Instrument \| Foreign currency forward contracts
Financial Instrument [Line Items]
Foreign currency gains (losses)	2.4	$ 3.3	0.9	$ 1.2
Not Designated as Hedge Instrument \| Foreign currency forward contracts \| Income Taxes And Other Receivables \| Derivatives Purchased
Financial Instrument [Line Items]
Derivative notional amount	84.1		84.1		$ 112.7
Not Designated as Hedge Instrument \| Foreign currency forward contracts \| Income Taxes And Other Receivables \| Derivatives Sold
Financial Instrument [Line Items]
Derivative notional amount	$ 33.7		$ 33.7		$ 41.1
Minimum
Financial Instrument [Line Items]
Marketable securities remaining maturity			1 month
Maximum
Financial Instrument [Line Items]
Marketable securities remaining maturity			21 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	Jan. 31, 2024	Apr. 30, 2023
Derivative assets:
Fair value of derivative assets	$ 1,032	$ 2,813
Derivative liabilities:
Fair value of derivative liabilities	$ 381	$ 680

Deferred Compensation and Ret_3

Deferred Compensation and Retirement Plans - Components of Net Periodic Benefits Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on plan assets			6%	5.50%
Deferred Compensation Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 11,347	$ 10,573	$ 32,526	$ 30,200
Interest cost	3,435	2,439	10,228	7,263
Amortization of actuarial loss	184	218	551	654
Expected return on plan assets	(272)	(289)	(816)	(867)
Net periodic service credit amortization	(101)	(101)	(304)	(304)
Net periodic benefit costs	$ 14,593	$ 12,840	$ 42,185	$ 36,946

Deferred Compensation and Ret_4

Deferred Compensation and Retirement Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023	Apr. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments			$ 6,444	$ 7,439
Increase (decrease) in the fair value of marketable securities	$ 23,800	$ 12,700	22,800	3,000
CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Increase in market value of the underlying COLI investments	2,500	2,500	6,400	7,400
Deferred Compensation Plan \| CSV of COLI Contracts
Defined Benefit Plan Disclosure [Line Items]
Gross CSV	293,400		293,400		$ 275,100
Outstanding policy loans	77,000		$ 77,000		$ 77,100
Executive Capital Accumulation Plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement vesting period			5 years
Compensation expense (reduction)	22,500	12,100	$ 22,700	3,500
Increase (decrease) in the fair value of marketable securities	$ 23,800	$ 12,700	$ 22,800	$ 3,000
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	Jan. 31, 2024	Apr. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract assets-unbilled receivables	$ 120,335	$ 99,442
Contract liabilities-deferred revenue	$ 246,418	$ 257,067

Fee Revenue - Additional Inform

Fee Revenue - Additional Information (Details) $ in Millions	9 Months Ended
	Jan. 31, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Contract liabilities, revenue recognized	$ 175.1
Revenue recognized, remaining performance obligation	1,081.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-02-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 212.5
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 523.1
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-05-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue recognized, remaining performance obligation	$ 212.3
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	$ 133.4
Revenue, remaining performance obligation, expected timing of satisfaction, period

Fee Revenue - Schedule of Disag

Fee Revenue - Schedule of Disaggregation of Fee Revenue by Industry (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 676,873	$ 686,845	$ 2,095,582	$ 2,125,712
Industrial
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 205,187	$ 199,341	$ 612,036	$ 601,698
Fee revenue, percentage	30.70%	29.30%	29.50%	28.60%
Financial Services
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 117,836	$ 117,880	$ 368,208	$ 367,878
Fee revenue, percentage	17.60%	17.30%	17.80%	17.50%
Life Sciences/Healthcare
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 115,775	$ 125,064	$ 358,994	$ 391,863
Fee revenue, percentage	17.30%	18.40%	17.30%	18.60%
Consumer Goods
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 97,467	$ 88,631	$ 290,890	$ 283,859
Fee revenue, percentage	14.60%	13%	14.10%	13.50%
Technology
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 90,784	$ 112,218	$ 304,686	$ 359,475
Fee revenue, percentage	13.60%	16.50%	14.70%	17.10%
Education/Non–Profit/General
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 41,630	$ 37,648	$ 137,057	$ 99,761
Fee revenue, percentage	6.20%	5.50%	6.60%	4.70%
Fee revenue
Disaggregation Of Revenue [Line Items]
Fee revenue	$ 668,679	$ 680,782	$ 2,071,871	$ 2,104,534
Fee revenue, percentage	100%	100%	100%	100%

Credit Losses - Summary of Acti

Credit Losses - Summary of Activity in Allowance for Credit Losses on Trade Receivables (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 44,377
Provision for credit losses	17,204	$ 16,725
Write-offs	(11,272)
Recoveries of amounts previously written off	259
Foreign currency translation	(266)
Ending balance	$ 50,302

Credit Losses - Schedule of Fai

Credit Losses - Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Commercial paper
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less than 12 months, fair value	$ 8,932	$ 8,229
Less than 12 months, unrealized losses	3	26
12 months or longer, fair value	0	3,492
12 months or longer, unrealized losses	0	4
Commercial paper \| Cash and Cash Equivalent
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities AFS, fair value	1,500	0
Commercial paper \| Marketable Securities, Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, current	7,432	11,721
Commercial paper \| Marketable Securities, Non- Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, non-current	0	0
Corporate notes/bonds
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Less than 12 months, fair value	0	9,581
Less than 12 months, unrealized losses	0	123
12 months or longer, fair value	7,480	13,815
12 months or longer, unrealized losses	32	232
Corporate notes/bonds \| Cash and Cash Equivalent
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities AFS, fair value	0	0
Corporate notes/bonds \| Marketable Securities, Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, current	7,480	20,489
Corporate notes/bonds \| Marketable Securities, Non- Current
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt securities, non-current	$ 0	$ 2,907

Credit Losses - Additional Info

Credit Losses - Additional Information (Details)	9 Months Ended
Credit Losses - Additional Information (Details)	Jan. 31, 2024
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Investment, Type [Extensible Enumeration]	Corporate notes/bonds
Maximum
Fair Value And Unrealized Losses On Available For Sale Debt Securities [Line Items]
Debt instrument term	2 years

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Income tax provision	$ 9,018	$ 8,463	$ 29,779	$ 63,575
Income tax provision tax rate	13.10%	41.80%	21.80%	27.80%
Change in deferred tax assets valuation allowance, amount	$ 9,700		$ 9,700

Segments - Additional Informati

Segments - Additional Information (Detail)	9 Months Ended
Segments - Additional Information (Detail)	Jan. 31, 2024 segment
Segment Reporting [Abstract]
Number of business segments	8

Segments - Financial Highlights

Segments - Financial Highlights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 676,873	$ 686,845	$ 2,095,582	$ 2,125,712
Net income attributable to Korn Ferry	59,071	11,247	103,965	162,035
Net income attributable to noncontrolling interest	649	522	2,984	2,885
Other income, net	(23,817)	(13,097)	(23,559)	(4,824)
Interest expense, net	4,946	5,378	16,282	20,088
Income tax provision	9,018	8,463	29,779	63,575
Operating income	49,867	12,513	129,451	243,759
Depreciation and amortization	19,509	17,037	58,075	50,359
Other income, net	23,817	13,097	23,559	4,824
Integration/acquisition costs	3,899	2,456	13,057	9,472
Impairment of fixed assets	0	4,375	1,575	4,375
Impairment of right-of-use assets	0	5,471	1,629	5,471
Restructuring charges, net	4,612	41,162	68,558	41,162
Adjusted EBITDA	101,704	96,111	295,904	359,422
Fee revenue
Segment Reporting Information [Line Items]
Total revenue	$ 668,679	$ 680,782	$ 2,071,871	$ 2,104,534

Segments - Financial Highligh_2

Segments - Financial Highlights by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 676,873	$ 686,845	$ 2,095,582	$ 2,125,712
Adjusted EBITDA	101,704	96,111	295,904	359,422
Operating Segments \| Consulting
Segment Reporting Information [Line Items]
Total revenue	169,929	164,414	521,675	508,994
Adjusted EBITDA	27,812	23,305	81,920	83,944
Operating Segments \| Digital
Segment Reporting Information [Line Items]
Total revenue	90,394	85,087	275,563	263,479
Adjusted EBITDA	27,370	22,153	80,678	73,855
Operating Segments \| North America
Segment Reporting Information [Line Items]
Total revenue	123,059	134,255	386,405	431,286
Adjusted EBITDA	29,382	30,446	87,574	112,164
Operating Segments \| EMEA
Segment Reporting Information [Line Items]
Total revenue	49,171	49,195	139,621	141,443
Adjusted EBITDA	7,799	7,981	19,056	24,577
Operating Segments \| Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	21,384	22,694	65,454	72,669
Adjusted EBITDA	4,500	5,538	14,690	18,723
Operating Segments \| Latin America
Segment Reporting Information [Line Items]
Total revenue	7,543	7,658	22,050	23,289
Adjusted EBITDA	1,750	2,462	4,296	7,686
Operating Segments \| Professional Search & Interim
Segment Reporting Information [Line Items]
Total revenue	131,824	118,616	414,348	354,430
Adjusted EBITDA	23,795	21,969	73,746	83,587
Operating Segments \| RPO
Segment Reporting Information [Line Items]
Total revenue	83,569	104,926	270,466	330,122
Adjusted EBITDA	9,291	9,849	28,617	43,562
Corporate
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Adjusted EBITDA	(29,995)	(27,592)	(94,673)	(88,676)
Fee revenue
Segment Reporting Information [Line Items]
Total revenue	668,679	680,782	2,071,871	2,104,534
Fee revenue \| Operating Segments \| Consulting
Segment Reporting Information [Line Items]
Total revenue	166,947	162,155	512,830	501,731
Fee revenue \| Operating Segments \| Digital
Segment Reporting Information [Line Items]
Total revenue	90,317	85,071	275,395	263,161
Fee revenue \| Operating Segments \| North America
Segment Reporting Information [Line Items]
Total revenue	121,449	132,810	381,459	426,839
Fee revenue \| Operating Segments \| EMEA
Segment Reporting Information [Line Items]
Total revenue	48,999	48,960	138,873	140,661
Fee revenue \| Operating Segments \| Asia Pacific
Segment Reporting Information [Line Items]
Total revenue	21,324	22,621	65,167	72,410
Fee revenue \| Operating Segments \| Latin America
Segment Reporting Information [Line Items]
Total revenue	7,541	7,654	22,041	23,283
Fee revenue \| Operating Segments \| Professional Search & Interim
Segment Reporting Information [Line Items]
Total revenue	130,890	117,980	411,453	351,670
Fee revenue \| Operating Segments \| RPO
Segment Reporting Information [Line Items]
Total revenue	$ 81,212	$ 103,531	$ 264,653	$ 324,779

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Jun. 24, 2022	Jan. 31, 2024	Apr. 30, 2023
Credit Facilities
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity		$ 645,400,000
Prior Credit Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity			$ 1,145,400,000
Standby Letters of Credit
Debt Instrument [Line Items]
Long-term debt arrangement		4,600,000	4,600,000
Standby Letters of Credit \| Other Financial Institutions
Debt Instrument [Line Items]
Long-term debt arrangement		14,000,000	11,500,000
Amended Credit Agreement
Debt Instrument [Line Items]
Debt instrument term	5 years
Line of credit facility, maximum borrowing capacity	$ 1,150,000,000
Amended Credit Agreement \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	650,000,000
Amended Credit Agreement \| Delayed Draw Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 500,000,000		500,000,000
Amended Credit Agreement \| Credit Facilities
Debt Instrument [Line Items]
Long-term debt		$ 0
Credit Agreement \| Prior Credit Facility
Debt Instrument [Line Items]
Long-term debt			$ 0
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Debt instrument, interest rate		4.625%

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt, at Amortized Cost (Detail) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Debt Instrument [Line Items]
Long-term borrowings, net of unamortized discount and debt issuance costs	$ 396,755	$ 396,194
4.625% Senior Unsecured Notes due 2027
Debt Instrument [Line Items]
Less: Unamortized discount and issuance costs	(3,245)	(3,806)
Long-term borrowings, net of unamortized discount and debt issuance costs	396,755	396,194
4.625% Senior Unsecured Notes due 2027 \| Senior Unsecured Notes
Debt Instrument [Line Items]
Senior Unsecured Notes	$ 400,000	$ 400,000

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Leases [Abstract]
Impairment of right-of-use assets	$ 0	$ 5,471	$ 1,629	$ 5,471

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Finance lease cost
Amortization of ROU assets	$ 384	$ 366	$ 1,234	$ 1,104
Interest on lease liabilities	53	47	161	141
Finance lease cost	437	413	1,395	1,245
Operating lease cost	12,013	12,339	35,099	36,957
Short-term lease cost	178	183	669	616
Variable lease cost	3,371	3,300	10,286	7,538
Lease impairment cost	0	5,471	1,629	5,471
Sublease income	(1,096)	(1,019)	(3,210)	(2,264)
Total lease cost	$ 14,903	$ 20,687	$ 45,868	$ 49,563

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 38,616	$ 49,870
Financing cash flows from finance leases	1,361	1,228
ROU assets obtained in exchange for lease obligations:
Operating leases	56,487	8,967
Finance leases	$ 882	$ 2,673

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Detail) $ in Thousands	Jan. 31, 2024 USD ($)
Operating
2024 (excluding the nine months ended January 31, 2024)	$ 11,065
2025	44,433
2026	37,467
2027	28,369
2028	21,783
Thereafter	101,660
Total lease payments	244,777
Less: imputed interest	56,723
Total	188,054
Financing
2024 (excluding the nine months ended January 31, 2024)	417
2025	1,565
2026	1,193
2027	778
2028	509
Thereafter	12
Total lease payments	4,474
Less: imputed interest	355
Total	$ 4,119

Restructuring Charges, Net - Na

Restructuring Charges, Net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 4,612	$ 41,162	$ 68,558	$ 41,162
Employee Severance \| The "Plan"
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 4,600	$ 41,200	$ 68,600	$ 41,200

Restructuring Charges, Net - Su

Restructuring Charges, Net - Summary of Changes in Restructuring Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning balance	$ 48,653		$ 8,004
Restructuring charges, net	4,612	$ 41,162	68,558	$ 41,162
Reductions for cash payments	(38,523)		(46,240)
Reductions for non-cash payments			(15,421)
Exchange rate fluctuations	949		790
Restructuring liability, ending balance	$ 15,691		$ 15,691

Restructuring Charges, Net - Re

Restructuring Charges, Net - Restructuring Charges by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 4,612	$ 41,162	$ 68,558	$ 41,162
Operating Segments \| Consulting
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	1,051	10,842	18,871	10,842
Operating Segments \| Digital
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	618	2,856	9,469	2,856
Operating Segments \| North America
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	1,398	4,352	8,825	4,352
Operating Segments \| EMEA
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	855	12,255	17,265	12,255
Operating Segments \| Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	0	2,129	1,963	2,129
Operating Segments \| Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	0	697	110	697
Operating Segments \| Professional Search & Interim
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	0	4,835	3,778	4,835
Operating Segments \| RPO
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	690	3,097	7,885	3,097
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 0	$ 99	$ 392	$ 99

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail)	Mar. 05, 2024 $ / shares
Subsequent Event \| Dividend Declared
Subsequent Event [Line Items]
Dividends payable (in dollars per share)	$ 0.33