Autodesk 2006 Annual Report Download - page 105

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Marketable Securities
Marketable securities include the following available-for-sale securities at January 31, 2006 and 2005:
January 31, 2006
Cost
Gross
unrealized
gains
Gross
unrealized
losses
Estimated
fair value
Short term:
Mutual funds .................... $14.3 $— $— $14.3
Taxable auction-rate securities . . 66.1 — — 66.1
Bank time deposits .............. 1.8 — — 1.8
$82.2 $— $— $82.2
Long term:
Mutual funds .................... $ 8.1 $— $— $ 8.1
January 31, 2005
Cost
Gross
unrealized
gains
Gross
unrealized
losses
Estimated fair
value
Short-term mutual funds .......... $15.0 $— $— $15.0
Gross gains realized on the sale of available-for-sale securities were $1.4 million in fiscal 2005 and $1.9 million
in fiscal 2004. Gross losses realized on the sale of available-for-sale securities were $0.9 million in fiscal 2005
and $0.3 million in fiscal 2004. The sales of available-for-sale securities in fiscal 2006 resulted in no gross
gains or losses. The cost of securities sold is based on the specific identification method. Proceeds from the
sale of marketable securities were $204.0 million in fiscal 2006, $301.6 million in fiscal 2005 and $202.6 million
in fiscal 2004.
Note 4. Restricted Financial Instruments
At January 31, 2006 Autodesk had marketable securities totaling $90.3 million, of which $22.4 million related
to investments in debt and equity securities that are restricted and held in a rabbi trust under non-qualified
deferred compensation plans. The value of restricted assets held in the rabbi trust at January 31, 2005 was
$14.3 million. The total related deferred compensation liability was $22.4 million at January 31, 2006. Of this,
$14.3 million was classified as current and $8.1 million was classified as non-current liabilities. The total related
deferred compensation liability at January 31, 2005 of $14.3 million was classified as current liability. The current
and non-current portions of the liability are recorded in the Consolidated Balance Sheets under “Accrued
compensation” and “Other liabilities,” respectively.
2006 Annual Report
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 3. Financial Instruments (Continued)
59