Autodesk 2005 Annual Report Download - page 78

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Other Plans
Autodesk provides defined-contribution plans in certain foreign countries where required by statute.
Autodesk’s funding policy for foreign defined-contribution plans is consistent with the local requirements in each
country. Autodesk’s contributions to these plans were $4.7 million in fiscal 2005, $4.4 million in fiscal 2004 and
$4.2 million in fiscal 2003.
In addition, Autodesk offers a non-qualified deferred compensation plan to certain key employees whereby
they may defer a portion (or all) of their annual compensation until retirement or a different date specified by
the employee in accordance with terms of the plan.
Note 8. Business Combinations
The following acquisitions were accounted for under Statement of Financial Accounting Standards No. 141,
“Business Combinations” (“SFAS 141”). Accordingly, the results of operations of each acquisition are included in
the accompanying Consolidated Statements of Income since the acquisition date, and the related assets and
liabilities were recorded based upon their relative fair values at the date of acquisition. Pro forma results of
operations have not been presented for any of the acquisitions because the effects of these acquisitions were
not significant to Autodesk on either an individual or an aggregate basis.
MechSoft.com, Inc. (“MechSoft”)
In April 2004, Autodesk acquired certain assets of MechSoft for approximately $6.5 million in cash. This
acquisition provides technology that complements Autodesk’s manufacturing solutions with tools that enable
users to embed engineering calculations into their designs based on how parts function.
Management’s allocation of the purchase consideration, which is based on valuations of acquired assets
performed by a third party, is as follows (in thousands):
Developed technologies (3 year useful life) ............... $1,900
Other assets ............................................... 697
Goodwill ................................................... 3,903
$6,500
The $3.9 million of goodwill, which is deductible for tax purposes, was assigned to the Manufacturing
Solutions Division of the Design Solutions Segment. The goodwill was attributed to the premium paid
for a reduced time to market and competitive advantage with respect to future growth of our 3D-based products.
CAiCE Software Corporation (“CAiCE”)
In September 2002, Autodesk acquired certain assets and liabilities of CAiCE for $10.0 million in cash. This
acquisition allowed Autodesk to expand its presence in the transportation software market as well as enhance
Autodesk’s core civil design industry business by addressing the needs of both the public and private sector
engineering community.
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 7. Employee and Director Benefit Plans (Continued)
66