Autodesk 2003 Annual Report Download - page 50

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Expected future amortization expense for purchased technologies and capitalized software for each of the
fiscal years ended through January 31, 2008 is as follows (in thousands):
Year ending January 31,
2004 .............................................................. $13,030
2005 .............................................................. 11,849
2006 .............................................................. 3,851
2007 .............................................................. 912
2008 .............................................................. 483
Total .............................................................. $30,125
Goodwill
On February 1, 2002, the Company adopted Statement of Financial Accounting Standards No. 142
“Goodwill and Other Intangible Assets” (“SFAS 142”). Therefore, Autodesk no longer amortizes goodwill and
tests it for impairment annually in the fourth quarter or more often if and when circumstances indicate that
goodwill may not be recoverable. There was no impairment of goodwill during the year ended January 31, 2003.
Goodwill amortization expense was $19.9 million in fiscal 2002 and $24.3 million in fiscal 2001.
The following table sets forth Autodesk’s net income and per share amounts had the provisions of SFAS
142 been in effect during the fiscal years ended January 31, 2002 and 2001.
Fiscal year ended
2003 2002 2001
(In thousands, except per share data)
Net income as reported ..................................... $31,904 $ 90,313 $ 93,233
Add back amortization of goodwill, net of tax .................. — 13,912 16,525
Adjusted net income ....................................... $31,904 $104,225 $109,758
Basic net income per share—as reported ....................... $ 0.28 $ 0.83 $ 0.82
Basic net income per share—pro forma ........................ $ 0.28 $ 0.96 $ 0.96
Diluted net income per share—as reported ..................... $ 0.28 $ 0.80 $ 0.80
Diluted net income per share—pro forma ...................... $ 0.28 $ 0.93 $ 0.94
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