2022 Q2 Form 10-K Financial Statement

#000156459022024447 Filed on June 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 2021 Q2
Revenue $727.0M $2.643B $557.4M
YoY Change 30.43% 45.25% 24.14%
Cost Of Revenue $42.28M $131.1M $24.08M
YoY Change 75.6% 60.06% -14.02%
Gross Profit $684.7M $2.512B $533.3M
YoY Change 28.39% 44.55% 26.68%
Gross Profit Margin 94.19% 95.04% 95.68%
Selling, General & Admin $529.7M $1.968B $431.3M
YoY Change 22.83% 32.13% 25.63%
% of Gross Profit 77.36% 78.34% 80.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.14M $63.52M $15.74M
YoY Change 2.51% 2.71% 5.67%
% of Gross Profit 2.36% 2.53% 2.95%
Operating Expenses $545.9M $2.032B $447.1M
YoY Change 22.1% 30.95% 24.81%
Operating Profit $138.9M $470.1M $86.25M
YoY Change 60.99% 201.75% 288.05%
Interest Expense -$45.77M -$25.29M $3.708M
YoY Change -1334.44% -13.61% -127.47%
% of Operating Profit -32.97% -5.38% 4.3%
Other Income/Expense, Net $25.08M -$11.88M -$480.0K
YoY Change -5325.83% -131.94% -89.09%
Pretax Income $118.2M $432.9M $89.48M
YoY Change 32.06% 164.45% 1980.93%
Income Tax $25.11M $102.1M $22.73M
% Of Pretax Income 21.25% 23.57% 25.4%
Net Earnings $91.66M $326.4M $66.19M
YoY Change 38.49% 185.15% -8353.12%
Net Earnings / Revenue 12.61% 12.35% 11.87%
Basic Earnings Per Share $6.04 $1.22
Diluted Earnings Per Share $1.730M $5.98 $1.21
COMMON SHARES
Basic Shares Outstanding 52.81M
Diluted Shares Outstanding 53.40M

Balance Sheet

Concept 2022 Q2 2022 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.035B $1.035B $914.4M
YoY Change 13.22% 13.22% 25.06%
Cash & Equivalents $978.1M $978.1M $850.8M
Short-Term Investments $57.24M $57.24M $63.67M
Other Short-Term Assets $41.76M $41.76M $30.72M
YoY Change 35.93% 35.93% 14.22%
Inventory
Prepaid Expenses
Receivables $590.3M $590.3M $448.7M
Other Receivables $92.63M $92.63M $93.23M
Total Short-Term Assets $1.760B $1.760B $1.487B
YoY Change 18.35% 18.35% 20.21%
LONG-TERM ASSETS
Property, Plant & Equipment $138.2M $305.9M $131.8M
YoY Change 4.85% 0.0% -7.67%
Goodwill $725.6M $626.7M
YoY Change 15.79% 2.07%
Intangibles $89.77M $92.95M
YoY Change -3.42% -16.95%
Long-Term Investments $197.1M $197.1M $207.1M
YoY Change -4.86% -4.86% 28.09%
Other Assets $268.0M $268.0M $234.4M
YoY Change 14.34% 14.34% 16.1%
Total Long-Term Assets $1.705B $1.705B $1.569B
YoY Change 8.61% 8.61% 4.16%
TOTAL ASSETS
Total Short-Term Assets $1.760B $1.760B $1.487B
Total Long-Term Assets $1.705B $1.705B $1.569B
Total Assets $3.465B $3.465B $3.057B
YoY Change 13.35% 13.35% 11.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.93M $50.93M $44.99M
YoY Change 13.2% 13.2% -1.51%
Accrued Expenses $653.6M $653.6M $496.4M
YoY Change 31.67% 31.67% 17.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.049M $1.049M $1.010M
YoY Change 3.86% 3.86% -15.83%
Total Short-Term Liabilities $984.2M $984.2M $750.1M
YoY Change 31.22% 31.22% 20.16%
LONG-TERM LIABILITIES
Long-Term Debt $395.5M $397.1M $394.8M
YoY Change 0.17% 0.34% 0.16%
Other Long-Term Liabilities $24.15M $530.9M $36.60M
YoY Change -34.01% -1.33% 18.73%
Total Long-Term Liabilities $419.6M $928.0M $431.4M
YoY Change -2.73% -0.62% 1.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $984.2M $984.2M $750.1M
Total Long-Term Liabilities $419.6M $928.0M $431.4M
Total Liabilities $1.915B $1.920B $1.688B
YoY Change 13.46% 13.61% 11.03%
SHAREHOLDERS EQUITY
Retained Earnings $1.135B $834.9M
YoY Change 35.88% 12.38%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.544B $1.544B $1.366B
YoY Change
Total Liabilities & Shareholders Equity $3.465B $3.465B $3.057B
YoY Change 13.35% 13.35% 11.4%

Cashflow Statement

Concept 2022 Q2 2022 2021 Q2
OPERATING ACTIVITIES
Net Income $91.66M $326.4M $66.19M
YoY Change 38.49% 185.15% -8353.12%
Depreciation, Depletion And Amortization $16.14M $63.52M $15.74M
YoY Change 2.51% 2.71% 5.67%
Cash From Operating Activities $280.2M $501.7M $197.1M
YoY Change 42.13% 99.52% 10.01%
INVESTING ACTIVITIES
Capital Expenditures -$16.75M $49.41M -$8.322M
YoY Change 101.24% 58.75% 8.08%
Acquisitions $133.8M
YoY Change
Other Investing Activities -$31.03M -$134.9M -$22.76M
YoY Change 36.36% 345.93%
Cash From Investing Activities -$47.78M -$184.3M -$31.08M
YoY Change 53.73% 200.32% 303.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $96.26M
YoY Change 216.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -74.61M -137.4M -11.09M
YoY Change 573.02% 105.49% -63.53%
NET CHANGE
Cash From Operating Activities 280.2M 501.7M 197.1M
Cash From Investing Activities -47.78M -184.3M -31.08M
Cash From Financing Activities -74.61M -137.4M -11.09M
Net Change In Cash 157.8M 127.3M 155.0M
YoY Change 1.82% -21.2% 9.83%
FREE CASH FLOW
Cash From Operating Activities $280.2M $501.7M $197.1M
Capital Expenditures -$16.75M $49.41M -$8.322M
Free Cash Flow $296.9M $452.3M $205.5M
YoY Change 44.52% 105.28% 9.93%

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CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36602000
CY2022Q2 us-gaap Liabilities
Liabilities
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CY2021Q2 us-gaap Liabilities
Liabilities
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CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q2 us-gaap Common Stock Shares Authorized
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CY2022Q2 us-gaap Common Stock Shares Issued
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CY2021Q2 us-gaap Common Stock Shares Issued
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CY2021Q2 us-gaap Common Stock Shares Outstanding
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CY2021Q2 us-gaap Common Stocks Including Additional Paid In Capital
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CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Minority Interest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3056526000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2643455000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1819946000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1977330000
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2020 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
237272000
CY2021 us-gaap Payments For Repurchase Of Common Stock
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30387000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
92446000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4989000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8993000
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
5706000
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
7684000
CY2020 kfy Repayment Of Life Insurance Policy Loans
RepaymentOfLifeInsurancePolicyLoans
943000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1833000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26786000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22498000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22798000
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1115000
CY2020 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2110000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-137444000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-52590000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
38366000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
127292000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
161534000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
850778000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
689244000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
24607000
CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1689000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
169806000
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
191776000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
258957000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55311000
CY2020 us-gaap Restructuring Charges
RestructuringCharges
58559000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4485000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
326360000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
114454000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.04
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.11
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.91
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.98
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.90
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52807000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52928000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54342000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53401000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53405000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54767000
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2022 us-gaap Profit Loss
ProfitLoss
330845000
CY2021 us-gaap Profit Loss
ProfitLoss
115562000
CY2020 us-gaap Profit Loss
ProfitLoss
107017000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-59227000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
50069000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-23764000
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-19096000
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-5419000
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
6716000
CY2022 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-410000
CY2021 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-53000
CY2020 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
34000
CY2020 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-456000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
290304000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
170997000
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
76115000
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4309000
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1191000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
74426000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1243387000
CY2020 us-gaap Profit Loss
ProfitLoss
107017000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-30902000
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
22798000
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2110000
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
101439000
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9041000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:0pt;margin-bottom:6pt;text-indent:0%;;font-weight:bold;font-style:italic;letter-spacing:-0.1pt;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Use of Estimates and Uncertainties</p> <p style="margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates, and changes in estimates are reported in current operations as new information is learned or upon the amounts becoming fixed or determinable. The most significant areas that require management’s judgment are revenue recognition, deferred compensation, annual performance-related bonuses, evaluation of the carrying value of receivables, goodwill and other intangible assets, share-based payments, leases and the recoverability of deferred income taxes.</p>
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1223691000
CY2021 us-gaap Profit Loss
ProfitLoss
115562000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
55435000
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
22498000
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1115000
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
69683000
CY2020 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
21495000
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
35376000
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6560000
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
26516000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1368775000
CY2022 us-gaap Profit Loss
ProfitLoss
330845000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-40541000
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26786000
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1452000
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
117301000
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7688000
CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
28361000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1549589000
CY2022 us-gaap Profit Loss
ProfitLoss
330845000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
63521000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
29210000
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7392000
CY2020 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2282000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1915000
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
372000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14644000
CY2020 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
6551000
CY2020 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
-2066000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16963000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9330000
CY2021 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
64005000
CY2020 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
23496000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
138627000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
67331000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-34152000
CY2020 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
6421000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
956000
CY2020 kfy Increase Decrease In Unearned Compensation
IncreaseDecreaseInUnearnedCompensation
-300000
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1246000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6011000
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1914000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
236349000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41460000
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
83563000
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
47936000
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
133802000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
108602000
CY2021 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
15353000
CY2020 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
15699000
CY2021 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
18707000
CY2020 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
2280000
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
205000
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
346000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-61379000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-198762000
CY2021 kfy Repayment Of Life Insurance Policy Loans
RepaymentOfLifeInsurancePolicyLoans
12279000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1324000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1045500000
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
455000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-66886000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
25207000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
107602000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
55317000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
7
CY2022 kfy Number Of Line Of Business
NumberOfLineOfBusiness
4
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11880000
CY2022Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2020Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<p style="margin-top:0pt;margin-bottom:6pt;text-indent:0%;;font-weight:bold;font-style:italic;letter-spacing:-0.1pt;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Foreign Currency Forward Contracts Not Designated as Hedges</p> <p style="margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has established a program that primarily utilizes foreign currency forward contracts to offset the risks associated with the effects of certain foreign currency exposures primarily originating from intercompany balances due to cross border work performed in the ordinary course of business. These foreign currency forward contracts are neither used for trading purposes nor are they designated as hedging instruments pursuant to ASC 815, <span style="font-style:italic;">Derivatives and Hedging</span>. Accordingly, the fair value of these contracts is recorded as of the end of the reporting period in the accompanying consolidated balance sheets, while the change in fair value is recorded to the accompanying consolidated statements of income. </p>
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7400000
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2022 kfy Performance Related Bonus Expenses
PerformanceRelatedBonusExpenses
447600000
CY2021 kfy Performance Related Bonus Expenses
PerformanceRelatedBonusExpenses
287300000
CY2020 kfy Performance Related Bonus Expenses
PerformanceRelatedBonusExpenses
197100000
CY2022 kfy Corridor Rule Percentage
CorridorRulePercentage
0.10
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1140000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
319017000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:0pt;margin-bottom:6pt;text-indent:0%;;font-weight:bold;font-style:italic;letter-spacing:-0.1pt;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, investments, foreign currency forward contracts, receivables due from clients and net CSV due from insurance companies, which are discussed above. Cash equivalents include investments in money market securities and commercial papers while investments include mutual funds, commercial papers, corporate notes/bonds and US Treasury and Agency securities. Investments are diversified throughout many industries and geographic regions. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. At April 30, 2022 and 2021, the Company had no other significant credit concentrations.</p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
326360000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
114454000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
104946000
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
7343000
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2763000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
319091000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
111711000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
103813000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52807000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52928000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 kfy Employment Agreement Contracts Description
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The Company has a policy of entering into offer letters of employment or letters of promotion with vice presidents, which provide for an annual base salary and discretionary and incentive bonus payments. Certain key vice presidents who typically have been employed by the Company for several years may also have a standard form employment agreement. Upon termination without cause, the Company is required to pay the amount of severance due under the employment agreement, if any. The Company also requires its vice presidents to agree in their employment letters and their employment agreement, if applicable, not to compete with the Company during the term of their employment and for a certain period after their employment ends.

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