Avid 2009 Annual Report Download - page 41

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36
Interest and Other Income (Expense), Net
Interest and other income (expense), net, generally consists of interest income, interest expense and equity in income of
a non-consolidated company.
Comparison of 2009 to 2008
Years Ended December 31, 2009 and 2008
(dollars in thousands)
2009
2008
Change
% Change
Interest and other income (expense), net
($123)
$2,936
($3,059)
(104.2%)
As a percentage of net revenues
(0.0%)
0.3%
(0.3%)
The change in interest and other income (expense), net, from net income in 2008 to net expense in 2009, was primarily
the result of a significant decrease in interest income due to lower interest rates paid on cash balances, as well as lower
average cash balances.
Comparison of 2008 to 2007
Years Ended December 31, 2008 and 2007
(dollars in thousands)
2008
2007
Change
% Change
Interest and other income (expense), net
$2,936
$7,637
($4,701)
(61.6%)
As a percentage of net revenues
0.3%
0.8%
(0.5%)
The decrease in interest and other income, net, for 2008 was primarily due to decreased interest income earned due to
decreased rates of return on cash and marketable securities balances, as well as decreased average cash and marketable
securities balances resulting from our stock repurchases in early 2008.
(Benefit from) Provision for Income Taxes, Net
Comparison of 2009 to 2008
Years Ended December 31, 2009 and 2008
(dollars in thousands)
2009
2008
Change
(Benefit from) provision for income taxes, net
($1,652)
$2,663
($4,315)
As a percentage of net revenues
(0.3%)
0.3%
(0.6%)
Comparison of 2008 to 2007
Years Ended December 31, 2008 and 2007
(dollars in thousands)
2008
2007
Change
(Benefit from) provision for income taxes, net
$2,663
$2,997
($334)
As a percentage of net revenues
0.3%
0.3%
0.0%