Autodesk 2002 Annual Report Download - page 44

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Accounting Standards No. 121, “Accounting for the Impairment or Disposal of Long-Lived Assets and for Long-
Lived Assets to Be Disposed Of,” and the accounting and reporting provisions of Accounting Principles Board
Opinion No. 30 relating to the disposal of a segment of business. Autodesk is currently assessing the impact of
SFAS 144 on its consolidated financial position, results of operations and cash flows.
Stock Split
On March 14, 2002, the Board of Directors authorized a two-for-one stock split in the form of a stock
dividend to stockholders of record as of April 4, 2002. All references in the consolidated financial statements and
notes thereto with respect to the number of shares, per share amounts and market prices of Autodesk’s common
stock have been restated to reflect the effect of the stock split.
Reclassifications
Certain reclassifications involving the consolidated statements of cash flows have been made to the fiscal
2001 and 2000 balances to conform to the fiscal 2002 presentation.
Note 2. Net Income Per Share
A reconciliation of the numerators and denominators used in the basic and diluted net income per share
amounts follows:
Year ended January 31,
2002 2001 2000
(In thousands)
Numerator:
Numerator for basic and diluted net income per share—net
income .......................................... $ 90,313 $ 93,233 $ 9,808
Denominator:
Denominator for basic net income per share—weighted
average shares .................................... 108,815 114,375 120,657
Effect of dilutive common stock options .................. 3,460 2,653 2,154
Denominatorfordilutednetincomepershare.................. 112,275 117,028 122,811
The computation of diluted net income per share does not include 8.0 million options for fiscal 2002,
11.9 million options for fiscal 2001 and 16.6 million options for fiscal 2000. Such options were excluded because
the options had exercise prices greater than the average market prices of common stock during the respective
periods, and, therefore were not dilutive.
Note 3. Financial Instruments
Fair Values of Financial Instruments
Estimated fair values of financial instruments are based on quoted market prices. The carrying amounts and
fair value of Autodesk’s financial instruments are as follows:
January 31, 2002 January 31, 2001
Cost Fair value Cost Fair value
(In thousands)
Cash and cash equivalents ........................ $136,781 $136,781 $116,391 $116,391
Marketable securities ........................... 364,527 367,830 302,761 306,109
Forward foreign currency contracts ................ 68 68 8 8
Foreign currency option contracts .................. 199 199 218 218
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