Adobe 2010 Annual Report Download - page 116

ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
116
As of December 3, 2010, there was $257.9 million of unrecognized compensation cost, adjusted for estimated
forfeitures, related to non-vested stock-based awards which will be recognized over a weighted average period of 2.5 years.
Total unrecognized compensation cost will be adjusted for future changes in estimated forfeitures.
Total stock-based compensation costs that have been included in our Consolidated Statements of Income for fiscal 2010,
2009 and 2008 were as follows (in thousands):
Income Statement Classifications
Cost of
Revenue–
Subscription
Cost of
Revenue–
Services and
Support
Research and
Development
Sales and
Marketing
General and
Administrative
Total
(1)
Option Grants and Stock
Purchase Rights(2)
Fiscal 2010 ..............................
$ 1,265 $ 1,251 $ 37,221 $ 40,983 $ 21,111 $
101,831
Fiscal 2009 ..............................
$
— $ 1,906 $ 45,535 $ 38,790 $ 24,595 $ 110,826
Fiscal 2008 ..............................
$
—
$
3,728
$
55,653
$
41,326
$
24,521
$
125,228
Restricted Stock and Performance
Share Awards(2)
Fiscal 2010 ..............................
$
1,422
$
1,065
$
51,387
$
52,253
$
23,128
$
129,255
Fiscal 2009 ..............................
$
—
$
639
$
27,931
$
19,818
$
9,274
$
57,662
Fiscal 2008 ..............................
$
—
$
570
$
20,835
$
17,928
$
10,810
$
50,143
_________________________________________
(1) During fiscal 2010, 2009 and 2008, we recorded deferred tax benefits of $44.8 million, $25.4 million and $30.0 million,
respectively.
(2) During fiscal 2009 and 2008, we recorded $0.9 million and $2.9 million, respectively, associated with cash recoveries
of fringe benefit tax from employees in India.
NOTE 14. STOCKHOLDERS’ EQUITY
Comprehensive Income (Loss)
The following table sets forth the activity for each component of comprehensive income, net of related taxes, for fiscal
2010, 2009 and 2008 (in thousands):
2010
2009
2008
Net income ......................................................................................
$
774,680
$
386,508
$
871,814
Other comprehensive income (loss):
Available-for-sale securities:
Unrealized gains (losses) on available-for-sale securities .......
(1,211
)
6,661
(3,102
)
Reclassification adjustment for (gains) losses on available-
for-sale securities recognized during the period ...................
(2,959
)
(8,752
)
1,559
Subtotal available-for-sale securities ..............................
(4,170
)
(2,091
)
(1,543
)
Derivatives designated as hedging instruments:
Unrealized (losses) gains on derivative instruments ................
20,325
(14,618
)
54,967
Reclassification adjustment for gains on derivative
instruments recognized during the period ............................
(20,169
)
(27,138
)
(13,248
)
Subtotal derivative instruments ......................................
156
(41,756
)
41,719
Foreign currency translation adjustments ....................................
(3,004
)
11,071
(10,902
)
Other comprehensive income (loss) ................................................
(7,018
)
(32,776
)
29,274
Total comprehensive income, net of taxes ......................................
$ 767,662
$ 353,732 $ 901,088