Autodesk 2003 Annual Report Download - page 54

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
number of requests for indemnification under these provisions and has not been required to make material
payments pursuant to these provisions. Accordingly, Autodesk has not recorded a liability related to these
indemnification provisions.
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 have been made to the fiscal 2002 and 2001 balances to conform to the 2003
presentation. Certain funds held offshore were deemed by management to be highly liquid in nature as opposed
to short term. Accordingly, in the consolidated balance sheet, cash and cash equivalents have increased and short
term marketable securities correspondingly decreased by $20.9 million in fiscal 2002. In the consolidated
statement of cash flows, net cash (used in) provided by investing activities increased by $5.0 million and
decreased by $7.2 million in both fiscal 2002 and 2001, respectively and cash and cash equivalents at beginning
of year increased by $23.1 million in 2001. In addition, the notes to the consolidated financial statements have
changed to reflect the changes to the related consolidated financial statements.
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:
Fiscal year ended January 31,
2003 2002 2001
(In thousands)
Numerator:
Numerator for basic and diluted net income per share—net
income .......................................... $ 31,904 $ 90,313 $ 93,233
Denominator:
Denominator for basic net income per share—weighted
average shares .................................... 113,035 108,815 114,375
Effect of dilutive common stock options .................. 1,740 3,460 2,653
Denominatorfordilutednetincomepershare.................. 114,775 112,275 117,028
The computation of diluted net income per share does not include 19.5 million options for fiscal 2003, 8.0
million options for fiscal 2002 and 11.9 million options for fiscal 2001. 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.
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