Autodesk 2007 Annual Report Download - page 140
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80
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 1. Business and Summary of Significant Accounting Policies (Continued)
Purchased technologies and related accumulated amortization at January 31 were as follows:
2007 2006
Purchased technologies ...................................... $199.4 $ 185.2
Less: Accumulated amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (148.1) (135.4)
Purchased technologies, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 51.3 $ 49.8
The weighted average amortization period for purchased technologies acquired during fiscal 2007
was 5.3 years.
Expected future amortization expense for purchased technologies for each of the fiscal years ended
thereafter is as follows:
Year ending January 31,
2008 .......................................................... $13.1
2009 .......................................................... 11.5
2010........................................................... 10.0
2011 ........................................................... 9.0
2012........................................................... 7.6
Thereafter ..................................................... 0.1
Total .......................................................... $51.3
Goodwill
Goodwill consists of the excess of cost over the fair value of net assets acquired in business
combinations accounted for as purchases. Autodesk assigns goodwill to the segment associated with each
business combination. As required under Statement of Financial Accounting Standards No. 142 “Goodwill
and Other Intangible Assets,” Autodesk no longer amortizes goodwill but instead tests it for impairment
annually in the fourth quarter or more often if and when circumstances indicate potential impairment.
When assessing goodwill for impairment, Autodesk uses discounted cash flow models which include
assumptions regarding projected cash flows. Variances in these assumptions could have a significant
impact on the conclusion as to whether goodwill assets are impaired or the amount of the impairment
charge. Impairment charges, if any, result from instances where the fair value of net assets associated with
goodwill are less than their carrying values. There was no impairment of goodwill during the year ended
January 31, 2007.