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Table of Contents
ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
82
Purchased and other intangible assets are amortized over their estimated useful lives of 1 to 14 years. As of November 27,
2015, we expect amortization expense in future periods to be as follows (in thousands):
Fiscal Year Purchased
Technology Other Intangible
Assets
2016 $ 30,745 $ 108,716
2017 23,401 97,822
2018 16,431 87,028
2019 9,794 60,499
2020 7,584 30,412
Thereafter 6,394 31,181
Total expected amortization expense $ 94,349 $ 415,658
NOTE 8. ACCRUED EXPENSES
Accrued expenses as of November 27, 2015 and November 28, 2014 consisted of the following (in thousands):
2015 2014
Accrued compensation and benefits $ 312,776 $ 320,679
Sales and marketing allowances 66,876 75,627
Accrued corporate marketing 38,512 28,369
Taxes payable 27,996 24,658
Royalties payable 23,334 15,073
Accrued interest expense 26,538 22,621
Other 182,332 196,839
Accrued expenses $ 678,364 $ 683,866
Other primarily includes general corporate accruals for technical support and local and regional expenses. Other is also
comprised of deferred rent related to office locations with rent escalations and foreign currency liability derivatives.
NOTE 9. INCOME TAXES
Income before income taxes for fiscal 2015, 2014 and 2013 consisted of the following (in thousands):
2015 2014 2013
Domestic $ 589,371 $ 191,563 $ 132,916
Foreign 284,410 169,813 223,225
Income before income taxes $ 873,781 $ 361,376 $ 356,141