Autodesk 2009 Annual Report Download - page 142

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Maintenance Revenue
Maintenance revenue consists of revenue from the Company’s maintenance program. Under this
program, customers are eligible to receive unspecified upgrades when-and-if-available, downloadable
training courses and on-line support. Autodesk recognizes maintenance revenue from its maintenance
program ratably over the maintenance service contract periods.
Shipping and Handling Costs
Shipping and handling costs are included in cost of revenue for all periods presented.
Advertising Expenses
Advertising costs are expensed as incurred. Total advertising expenses incurred were $16.4 million in fiscal
2009, $27.6 million in fiscal 2008 and $21.8 million in fiscal 2007.
Net Income Per Share
Basic net income per share is computed using the weighted average number of common shares outstanding
during the period. Diluted net income per share is computed using the combination of the dilutive effect of stock
options and the weighted average number of common shares outstanding. Autodesk has no potentially dilutive
securities other than stock options.
Recently Issued Accounting Standards
In April 2008, the Financial Accounting Standards Board (“FASB”) issued FSP No. 142-3 (“FSP 142-3”),
“Determination of the Useful Life of Intangible Assets.” FSP 142-3 amends the factors an entity should consider
in developing renewal or extension assumptions used in determining the useful life of recognized intangible
assets under FASB Statement No. 142, “Goodwill and Other Intangible Assets.” This new guidance applies
prospectively to intangible assets that are acquired individually or with a group of other assets in business
combinations and asset acquisitions. FSP 142-3 is effective for financial statements issued for fiscal years and
interim periods beginning after December 15, 2008. Early adoption is prohibited. Since this guidance will be
applied prospectively, on adoption, there will be no impact to Autodesk’s current consolidated financial
statements.
In March 2008, the FASB issued Statement of Financial Accounting Standards No. 161 “Disclosures about
Derivative Instruments and Hedging Activities—an Amendment of FASB Statement No. 133” (“SFAS 161”).
SFAS 161 expands the disclosure requirements for derivative and hedging activities in an effort to improve the
transparency of financial reporting. This statement is effective for Autodesk’s fiscal year beginning February 1,
2009. Because SFAS 161 only requires additional disclosure, its adoption will not affect our consolidated
financial position, results of operations or cash flows.
In December 2007, the FASB issued Statement of Financial Accounting Standards No. 141 (revised 2007)
“Business Combinations” (“SFAS 141R”). Specifically, the revision establishes principles and requirements for
how an acquirer recognizes and measures the identifiable assets acquired, the liabilities assumed, any
non-controlling interest in the acquiree and the goodwill acquired in its financial statements. SFAS 141R also
establishes disclosure requirements to enable the evaluation of the nature and financial effects of the business
combination. It further requires acquisition-related costs to be recognized separately from the acquisition and
expensed as incurred, restructuring costs to generally be expensed in periods subsequent to the acquisition date,
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