Autodesk 2009 Annual Report Download - page 166

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Management’s allocation of the purchase price consideration, based on a valuation of acquired assets and
liabilities, is as follows:
Developed technologies (5 year useful life) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8.4
Customer relationships (6 year useful life) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.4
In-processresearchanddevelopment .............................................. 1.8
Goodwill ..................................................................... 27.6
Deferred revenue .............................................................. (0.7)
Restructuring reserve ........................................................... (0.9)
Net tangible assets ............................................................. (3.1)
$42.5
In-process research and development represents incomplete Robobat research and development projects that
had not reached technological feasibility and had no alternative future use as of the acquisition date and was
recorded during fiscal 2008 in research and development on the Consolidated Statement of Income.
Customer relationships represent the underlying relationships with Robobat’s existing customers. Goodwill
represents the excess of the purchase price over the fair value of the acquired net tangible and intangible assets,
and is deductible for tax purposes. Deferred revenue represents the estimated fair value of the support and
maintenance obligations assumed from Robobat in connection with this acquisition. Autodesk management
approved a restructuring plan directly resulting from the Robobat acquisition and involving the elimination of
employees of Robobat (“Robobat Restructuring Plan”). The total restructuring reserve established for this plan
was reflected as an allocation item in the total purchase price consideration of the acquisition. The Robobat
Restructuring Plan was established in accordance with EITF 95-3. The total estimated cost of the Robobat
Restructuring Plan was $0.9 million for severance and outplacement costs.
NavisWorks
In June 2007, Autodesk acquired NavisWorks (UK) Limited (“NavisWorks”), a privately-held company, for
cash consideration of approximately $26.0 million and a note payable of $2.6 million due in June 2008. Autodesk
incorporated NavisWorks into the AEC segment. NavisWorks provided 3D coordination, collaboration and
sequencing in design and construction. This acquisition increased the interoperability of Autodesk’s 3D model-
based design software by coordinating design information from multiple sources.
Management’s allocation of the purchase price consideration, based on a valuation of the acquired assets
and liabilities, is as follows:
Developed technologies (6 year useful life) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6.5
Customer relationships (6 year useful life) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.5
Tradename(6yearusefullife) ................................................... 0.6
In-processresearchanddevelopment .............................................. 1.0
Goodwill..................................................................... 9.3
Deferred revenue .............................................................. (1.1)
Nettangibleassets ............................................................. 7.3
$29.1
In-process research and development represents incomplete NavisWorks research and development projects that
had not reached technological feasibility and had no alternative future use as of the acquisition date, and was recorded
during the second quarter of fiscal 2008 in research and development on the Consolidated Statement of Income.
88