Autodesk 2008 Annual Report Download - page 163

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Results for the first, second, third and fourth quarters of fiscal 2008 include amortization of acquisition-
related intangibles of $4.0 million, $5.1 million, $8.0 million and $8.6 million, respectively. During the first and
fourth quarters of fiscal 2008, Autodesk recorded $12.0 million and $1.7 million, respectively, of employee tax
expense related to its voluntary review of historical stock option grant practices. Autodesk also recognized an
income tax benefit of $2.1 million during the third quarter of fiscal 2008 from prior year audit closures.
Results for the first quarter of fiscal 2007 include expense of $16.8 million resulting from an increase in a
reserve for a potential loss contingency under Statement of Financial Accounting Standards No. 5, “Accounting
for Contingencies,” related to a patent infringement lawsuit. During the second quarter, Autodesk reversed $13.0
million of reserves previously accrued, as better information was obtained related to the loss contingency. In
addition, results for the first, second, third and fourth quarters of fiscal 2007 also include amortization of
acquisition-related intangibles of $3.2 million, $3.5 million, $3.5 million and $4.1 million, respectively.
Autodesk reversed previously accrued income tax reserves and recognized a non-recurring income tax benefit of
$8.9 million during the second quarter of fiscal 2007 as a result of the conclusion of a review by the Internal
Revenue Service. Autodesk also recognized an income tax benefit of $5.6 million during the fourth quarter of
fiscal 2007 from the reinstatement of the Federal research and development credit through the passage of the Tax
Relief and Health Care Act of 2006 by Congress, which resulted in retroactive application of this credit to
January 1, 2006.
87
2008 Annua
l Report