Autodesk 2003 Annual Report Download - page 70

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
with staff reductions mostly in the U.S. consisted of wage continuation, advance notice pay and medical benefits.
These restructuring activities were part of a formal exit plan that was approved by the Board of Directors and
were part of an effort to reduce operating expense levels. The plan included the termination of 164 employees
and the closure of several domestic and international offices.
During fiscal 2001 Autodesk recorded credits totaling $1.2 million, which resulted from accrual reversals.
The underlying liabilities, which were originally established in fiscal 2000 primarily as a result of restructuring
activity, were settled for less than originally estimated.
The following table sets forth the restructuring activities during for the years ended January 31, 2001, 2002
and 2003 (in thousands). The balance at January 31, 2003 is included in other accrued liabilities on our
Consolidated Balance Sheet.
Office
Closure
Costs
Employee
Termination
Costs
Losses on Asset
Disposals—RedSpark Total
Balance at January 31, 2000 .............. $ 1,200 $ 1,000 $ — $ 2,200
Additions ......................... — — — —
Charges utilized .................... (180) (395) — (575)
Reversals ......................... (809) (425) — (1,234)
Balance at January 31, 2001 .............. $ 211 $ 180 $ — $ 391
Additions ......................... 19,408 7,397 1,292 28,097
Charges utilized .................... (2,125) (3,069) (1,292) (6,486)
Balance at January 31, 2002 .............. $17,494 $ 4,508 $ — $22,002
Additions related to 2002 plan ........ 10,693 — — 10,693
Additions related to 2003 plan ........ 1,796 16,451 — 18,247
Charges utilized .................... (16,774) (12,707) — (29,481)
Reversals ......................... (3,053) — — (3,053)
Balance at January 31, 2003 .............. $10,156 $ 8,252 $ — $18,408
Autodesk expects to pay the employee termination costs within one year, and the office closure costs over
the remaining lease terms, ranging from one to 5 years.
Note 12. Interest and Other Income
The following table sets forth the components of Interest and other income, net for the fiscal years ended
January 31, 2003 (in thousands):
2003 2002 2001
Interest and investment income ................................ $ 9,466 $14,144 $22,397
Gains (losses) on foreign currency transactions .................... 1,727 (440) (628)
Minority interest in net loss of RedSpark ........................ — 2,657 1,112
Write-downs of investments in privately-held businesses ............ (3,436) (2,861) (2,553)
Realized gains (losses) on investments .......................... 2,069 2,775 (263)
Other..................................................... 3,678 2,783 983
$13,504 $19,058 $21,048
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