Autodesk 2004 Annual Report Download - page 77

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Office
Closure Costs
Employee
Termination
Costs
Losses on
Asset
Disposals—
RedSpark Total
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 ...................... (15,074) (12,707) — (27,781)
Reversals .............................. (2,053) — — (2,053)
Balance at January 31, 2003 ............. 12,856 8,252 — 21,108
Additions related to 2002 plan ....... 1,098 — — 1,098
Additions related to 2004 plan ....... 149 3,610 — 3,759
Charges utilized ...................... (6,220) (9,218) — (15,438)
Reversals .............................. (197) (1,477) — (1,674)
Balance at January 31, 2004 ............. $ 7,686 $ 1,167 $ — $ 8,853
Charges utilized include $0.1 million, $1.3 million, and $0 of non-cash charges during fiscal 2004, 2003
and 2002, respectively. 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 five years.
An analysis of the fiscal 2004 restructuring charges by reportable segment is included in Note 13,
“Segments.”
Note 12. Interest and Other Income
Interest and other income, net consists of the following:
2004 2003 2002
(In thousands)
Interest and investment income ................... $10,377 $ 9,466 $14,144
Gains (losses) on foreign currency transactions .... 3,255 1,727 (440)
Minority interest in net loss of RedSpark ........... — — 2,657
Write-downs of cost method investments ......... (596) (3,436) (2,861)
Realized gains on sales of marketable securities . . . 1,644 2,069 2,775
Other ................................................ 2,279 3,678 2,783
$16,959 $13,504 $19,058
Note 13. Segments
Autodesk’s operating results are aggregated into two reportable segments: the Design Solutions
Segment and the Discreet Segment. During the first quarter of fiscal 2004, Autodesk modified its segment
disclosure to align the segment disclosure with how Autodesk’s business is currently being managed and
evaluated. Under the revised segment disclosure, a significant amount of costs previously not allocated to
either reportable segment, such as geographic sales and marketing expenditures, are being allocated to the
Design Solutions Segment, thereby reducing the Design Solutions Segment profitability. Also, certain costs
of operations previously allocated to the Discreet and the Design Solutions Segments are no longer
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 11. Restructuring and Other (Continued)
67