Autodesk 2012 Annual Report Download - page 106

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stock-based compensation expense for research and development employees, and the expense of travel, entertainment and
training for such personnel, rent and occupancy, professional services such as fees paid to software development firms and
independent contractors.
Research and development expenses increased 14% during fiscal 2012, as compared to fiscal 2011, primarily due to an
increase in salaries and fringe benefits primarily associated with increased headcount and the reinstatement of merit increases
in fiscal 2012, and to an increase in professional service fees in fiscal 2012 as compared to fiscal 2011. Research and
development expenses increased 8% during fiscal 2011, as compared to fiscal 2010, primarily due to an increase in bonuses,
salaries and benefits.
We expect research and development expense to increase in absolute dollars, but remain relatively consistent as a
percentage of net revenue during fiscal 2013, as compared to fiscal 2012, as we continue to invest in product development and
acquire new technology in fiscal 2013.
General and Administrative
General and
administrative
As a percentage of net
revenue
Fiscal Year
Ended
January 31,
2012
(in millions)
$ 223.1
10%
Increase compared to
prior fiscal year
$
$ 22.3
%
11%
Fiscal Year
Ended
January 31,
2011
$ 200.8
10%
Increase compared to
prior fiscal year
$
$ 3.1
%
2%
Fiscal Year
Ended
January 31,
2010
$ 197.7
12%
General and administrative expenses include salaries, bonuses, benefits and stock-based compensation expense for our
finance, human resources and legal employees, as well as professional fees for legal and accounting services, amortization of
acquisition related customer relationships and trade names, expense of travel, entertainment and training, expense of
communication and the cost of supplies and equipment.
General and administrative expenses increased 11% from fiscal 2011 to fiscal 2012 primarily due to an increase in
amortization of acquisition related customer relationships and trade names and the increase in salaries primarily associated with
increased head count and the reinstatement of merit increases in fiscal 2012. General and administrative expenses increased 2%
from fiscal 2010 to fiscal 2011 primarily due to an increase in bonuses and salaries partially offset by a decrease in stock based
compensation expense.
We expect general and administrative expense to increase in absolute dollars, but remain consistent as a percentage of net
revenue during fiscal 2013, as compared to fiscal 2012.
Restructuring
Restructuring
As a percentage of net
revenue
Fiscal Year
Ended
January 31,
2012
(in millions)
$ (1.3)
—%
Decrease compared to
prior fiscal year
$
$ (12.1)
%
(112)%
Fiscal Year
Ended
January 31,
2011
$ 10.8
1%
Decrease compared to
prior fiscal year
$
$(37.4)
%
(78)%
Fiscal Year
Ended
January 31,
2010
$ 48.2
3%
During fiscal 2011, 2010 and 2009 we initiated restructuring plans in order to further reduce operating costs. These
restructuring plans resulted in targeted global staff reductions of approximately 200, 430 and 700 positions for fiscal 2011,
2010 and 2009, respectively. No leased facilities were consolidated as part of the fiscal 2011 restructuring plan. The fiscal 2010
and 2009 restructuring plans resulted in the consolidation of approximately 32 and 27 leased facilities, respectively. In
connection with these restructuring programs, we recorded a favorable adjustment for changes in previous estimates of $1.3
million in fiscal 2012 and we recorded restructuring related charges of $10.8 million and $48.2 million during fiscal 2011 and
38