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AVID TECHNOLOGY, INC.
FORM 10-K
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2006
TABLE OF CONTENTS
PART I.
ITEM 1. Business: 1
ITEM 1A. Risk Factors 12
ITEM 1B. Unresolved Staff Comments 19
ITEM 2. Properties 19
ITEM 3. Legal Proceedings 19
ITEM 4. Submission of Matters to a Vote of Security Holders 20
Executive Officers of the Registrant 20
PART II.
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
22
ITEM 6. Selected Financial Data 24
ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations
25
ITEM 7A. Quantitative and Qualitative Disclosures about Market Risk 49
ITEM 8. Financial Statements and Supplementary Financial Information 50
Report of Management on Internal Control over Financial Reporting 51
Reports of Independent Registered Public Accounting Firms 52
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure
90
ITEM 9A. Controls and Procedures 90
ITEM 9B. Other Information 90
PART III.
ITEM 10. Directors, Executive Officers and Corporate Governance 91
ITEM 11. Executive Compensation 91
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
91
ITEM 13. Certain Relationships and Related Transactions, and Director Independence 91
ITEM 14. Principal Accountant Fees and Services 91
PART IV.
ITEM 15. Exhibits and Financial Statement Schedules 92
SIGNATURES 96
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS F-1
This Annual Report on Form 10-K contains a number of forward-looking statements, as defined by the Private Securities
Litigation Reform Act of 1995, about our performance. For this purpose, any statements contained herein that are not
statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words
“believes,” “anticipates,” “plans,” “expects” and similar expressions are intended to identify forward-looking statements.
There are a number of factors that could cause actual events or results to differ materially from those indicated by such
forward-looking statements, many of which are beyond our control, including the factors set forth under “Item 1A. Risk
Factors.” In addition, the forward-looking statements contained herein represent our estimate only as of the date of
this filing and should not be relied upon as representing our estimate as of any subsequent date. While we may elect to
update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so to
reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.
PART I