Avid 2015 Annual Report Download - page 52
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46
Year-Over-Year Change in Research and Development Expenses for the Years Ended December 31, 2015 and 2014
(dollars in thousands)
2015 Increase/(Decrease)
From 2014 2014 Increase/(Decrease)
From 2013
$%$%
Consulting and outside services $ 3,209 21.2% $ 973 6.9%
Facilities and information technology 1,214 7.8% (2,050) (11.6)%
Computer hardware and supplies 718 14.9% 1,467 43.8%
Personnel-related 598 1.1% (5,150) (8.9)%
Other expenses (231) (9.7)% (99) (4.0)%
Total research and development expenses (decrease)/increase $ 5,508 6.1% $ (4,859) (5.1)%
2015 Compared to 2014
The increases in consulting and outside services and computer hardware and supplies expenses for 2015, compared to 2014, were
primarily the result of the timing of certain development projects in 2015, compared to 2014, as we develop new products and
solutions consistent with our Avid Everywhere strategic vision. The increase in personnel-related expenses for 2015, compared to
2014, was due to Orad R&D personnel-related expenses, partially offset by decreased incentive-based compensation accrual and
stock-based compensation costs. The increase in facilities and information technology expenses for 2015, compared 2014, was a
result of R&D headcount increase and higher usage.
2014 Compared to 2013
The decreases in personnel-related expenses and facilities and information technology infrastructure costs for 2014, compared to
2013, reflect lower employee headcount which resulted in lower usage of facilities and information technology overhead. The
increases in computer hardware and supplies expenses and consulting and outside services expenses were primarily the result of
the timing of certain development projects in 2014, compared to 2013, as we develop new products and solutions consistent with
our Avid Everywhere strategic vision.
Marketing and Selling Expenses
Marketing and selling expenses consist primarily of employee salaries and benefits for selling, marketing and pre-sales customer
support personnel; commissions; travel expenses; advertising and promotional expenses; web design costs and facilities costs.
Marketing and selling expenses decreased $10.5 million, or 7.9%, during the year ended December 31, 2015, compared to 2014.
The table below provides further details regarding the changes in components of marketing and selling expense.
Year-Over-Year Change in Marketing and Selling Expenses for Years Ended December 31, 2015 and 2014
(dollars in thousands)
2015 Decrease
From 2014 2014 Decrease
From 2013
$%$%
Facilities and information technology infrastructure $ (4,607) (14.4)% $ (342) (1.1)%
Personnel-related (3,461) (4.5)% 1,536 2.1%
Foreign exchange losses (gains) (2,137) (235.3)% 721 385.4%
Consulting and outside services (1,278) (6.5)% 1,478 8.2%
Product introduction — —% (3,666) 100.2%
Web advertising 755 4,541.4% — —%
Other expenses 190 4.4% (568) (11.0)%
Total marketing and selling expenses decrease $ (10,538) (7.9)% $ (841) (0.6)%