Autodesk 2007 Annual Report Download - page 98

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this was the day the award was communicated. Changing the measurement dates for the Anomalous Add
Grants from the date upon which the terms of the grant were likely communicated to the employee to the
date when the grant information was likely added to the grant list would cause the pre-tax compensation
charges discussed above to decrease by approximately $1.3 million. Changing the measurement dates for
the Anomalous Add Grants from the date upon which the terms of the award were likely communicated
to the employee to the highest price in the grant window would cause the pre-tax compensation charges
to increase by approximately $2.3 million.
We believe that the approaches we used for each of the categories were the most appropriate under
the circumstances.
Financial Impact of the Restatement
The increase in net revenues and stock-based compensation expense resulting from the restatement
is as follows (in millions):
Fiscal Year
Net
Revenues
Stock-based
Compensation
Expense
Tax
Effect (1)
Total
Adjustments,
Net of Tax
1992 ......................................... $ — $ (0.1) $ — $ (0.1)
1993 .......................................... — (2.0) 0.7 (1.3)
1994 ......................................... — (1.2) 0.4 (0.8)
1995 .......................................... — (1.2) 0.4 (0.8)
1996 ......................................... — (0.6) 0.2 (0.4)
1997 ......................................... — (0.5) 0.2 (0.3)
1998 ......................................... — (0.3) 0.1 (0.2)
1999 ......................................... — (0.5) 0.2 (0.3)
2000 ......................................... — (1.3) 0.2 (1.1)
2001 ......................................... — (1.5) 0.2 (1.3)
2002 ......................................... — (3.9) 1.1 (2.8)
2003 ......................................... — (5.0) 0.8 (4.2)
2004 ......................................... — (4.8) (0.3) (5.1)
Total 1992 – 2004 impact . . . . . . . . . . . . . . . . . . . . . . — (22.9) 4.2 (18.7)
2005 ......................................... 5.1 (7.3) 1.8 (0.4)
2006 ......................................... 14.0 (4.6) (4.7) 4.7
Total: ........................................ $19.1 $(34.8) $ 1.3 $(14.4)
(1) Includes $2.5 million of payroll tax expenses.
The net of tax impact of the stock-based compensation adjustments in the first quarter of fiscal 2007
was insignificant. However, we restated our Consolidated Balance Sheet as of January 31, 2006 to properly
reflect Retained Earnings, Common Stock and Deferred Compensation balances as a result of previous
period adjustments. Please refer to Note 2, “Restatement of Consolidated Financial Statements,” in the
Notes to Consolidated Financial Statements. We also restated the pro forma expense under SFAS 123 in
Note 1 “Business and Summary of Significant Accounting Policies” of the Notes to Consolidated Financial
Statements of this Form 10-K to reflect the impact of these adjustments for the years ended January 31,
2006 and 2005.