Autodesk 2007 Annual Report Download - page 145

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2007 Annual Report
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 1. Business and Summary of Significant Accounting Policies (Continued)
The following table illustrates the pro forma effect on net income and net income per share if Autodesk
had applied the fair value recognition provisions of SFAS 123R to stock-based employee compensation in
fiscal 2006 and fiscal 2005:
Fiscal Year Ended January31,
2006 2005
As Restated (1) As Restated (1)
Net income—as reported......................................... $333.6 $ 221.1
Add: Stock-based employee compensation cost, net of related tax
effects, included in the determination of net income as
reported (2) ................................................. 3.5 5.6
Deduct: Total stock-based employee compensation cost determined
under the fair value based method for all awards, net of related
tax effects................................................... (74.2) (65.6)
Pro forma net income............................................ $262.9 $ 161.1
Net income per share:
Basic—as reported............................................. $ 1.46 $ 0.97
Basic—pro forma .............................................. $ 1.15 $ 0.71
Diluted—as reported........................................... $ 1.35 $ 0.90
Diluted—pro forma ............................................ $ 1.06 $ 0.65
(1) See Note 2, “Restatement of Consolidated Financial Statements,” in Notes to Consolidated Financial
Statements.
(2) Includes previously reported stock-based employee compensation cost, net of related tax effects, of
$0.4 million and $3.1 million for the fiscal years ended January 31, 2006 and 2005, respectively.
The weighted average estimated fair value of stock options granted was $13.45 per share for fiscal
2006 and $8.46 per share for fiscal 2005. The weighted average estimated fair value of ESP Plan awards
during fiscal 2006 was $14.36 per share and during fiscal 2005 was $9.35 per share.