Autodesk 2010 Annual Report Download - page 185

AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Customer relationships represent the underlying relationships and agreements with ALGOR’s existing
customers. Trade name represents the estimated fair value of ALGOR’s trade name and trademarks. The $16.6
million of goodwill, which represents the excess of the purchase price over the fair value of the acquired net
tangible and intangible assets, is not deductible for tax purposes. Deferred revenue represents the estimated fair
value of the support and maintenance obligations assumed from ALGOR in connection with this acquisition. As
of January 31, 2010, these support and maintenance obligations have been fulfilled.
Other Fiscal 2009 Acquisitions
In addition, during the fiscal year ended January 31, 2009, Autodesk completed seven other acquisitions,
including companies that designed, developed, manufactured and marketed artificial intelligence middleware,
image-based creation software, building information modeling software, sustainable building design software,
intelligent urban modeling software and database oriented electrical computer-aided design software for
approximately $115.4 million, net of cash acquired. Management’s preliminary allocation of the purchase price
consideration, based on a valuation of the acquired assets and liabilities, is as follows:
Developed technologies (2.5 – 7 year useful life) .................................... $ 23.4
Customer relationships (5 – 7 year useful life) ...................................... 15.0
Trade name (6 – 7 year useful life) ............................................... 2.3
In-process research and development ............................................. 1.8
Goodwill .................................................................... 71.4
Net tangible assets ............................................................ 3.8
$117.7
In-process research and development represents incomplete research and development projects that had not
reached technological feasibility and had no alternative future use as of the acquisition date. The total in-process
research and development amount was recorded during fiscal 2009 in research and development on the
Consolidated Statement of Operations.
Note 15. Retirement Benefit Plans
Pretax Savings Plan
Autodesk has a 401(k) plan that covers nearly all U.S. employees. Eligible employees may contribute up to
50% of their pretax salary, subject to limitations mandated by the Internal Revenue Service. Autodesk makes
voluntary cash contributions and matches a portion of employee contributions in cash. Autodesk’s contributions
were $7.1 million in fiscal 2010, $7.8 million in fiscal 2009 and $8.6 million in fiscal 2008. Autodesk does not
allow participants to invest in Autodesk common stock through the 401(k) plan.
Other Plans
Autodesk provides certain defined benefit pension plans to employees primarily located in countries outside
of the U.S. The Company deposits funds for certain of these plans, consistent with the requirements of local law,
with insurance companies or third-party trustees, and accrue for the unfunded portion of the obligation, where
material. The assumptions used in calculating the obligation for these plans depend on the local economic
environment. The net liability related to the funded status of the plans was approximately $12.5 million and $8.3
million as of January 31, 2010 and 2009, respectively. The projected benefit obligation was $36.2 million and
$29.1 million as of January 31, 2010 and 2009, respectively. The related fair value of plan assets was $23.7
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