Autodesk 2010 Annual Report Download - page 186

AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
million and $20.8 million as of January 31, 2010 and 2009, respectively. Our practice is to fund the pension plans
in amounts at least sufficient to meet the minimum requirements of local laws and regulations. The assets of the
plans are primarily invested in high quality fixed income investments. Our contributions were approximately
$3.4 million, $3.2 million and $3.0 million in fiscal 2010, 2009 and 2008, respectively. Our estimated future
benefit payments are an aggregate $10.9 million for fiscal 2011 through fiscal 2015 and an aggregate of $10.4
million for fiscal 2016 through fiscal 2020. Autodesk recorded $5.9 million of unrealized changes in the
unfunded portion of Autodesk’s defined benefit plans in fiscal 2010. The unrealized changes in the unfunded
portion of Autodesk’s defined benefit plans were not recorded in years prior to fiscal 2010 because the amounts
were immaterial.
Autodesk also provides defined contribution plans in certain foreign countries where required by statute.
Autodesk’s funding policy for foreign defined contribution plans is consistent with the local requirements in each
country. Autodesk’s contributions to these plans were $8.2 million in fiscal 2010, $12.0 million in fiscal 2009
and $8.2 million in fiscal 2008.
In addition, Autodesk offers a non-qualified deferred compensation plan to certain key employees whereby
they may defer a portion (or all) of their annual compensation until retirement or a different date specified by the
employee in accordance with terms of the plan. See Note 6, “Deferred Compensation,” for further discussion.
Note 16. Restructuring Reserves
In the fourth quarter of fiscal 2009, Autodesk initiated a restructuring program in order to reduce operating
costs. This program reduced the number of employees by approximately 700 globally and resulted in the
consolidation of approximately 27 leased facilities (“Fiscal 2009 Plan”).
During the second quarter of fiscal 2010, Autodesk initiated an additional restructuring program in order to
reduce its operating expenses. This plan resulted in a staff reduction of approximately 430 positions globally and
resulted in the consolidation of approximately 32 leased facilities around the world (“Fiscal 2010 Plan”).
In connection with these restructuring plans, Autodesk recorded restructuring and impairment charges of
$48.2 million and $40.2 million during the fiscal years ended January 31, 2010 and 2009, respectively. Of these
amounts, $24.3 million and $36.7 million were recorded for one-time termination benefits and other costs during
fiscal 2010 and 2009, respectively, and $23.9 million and $3.5 million were recorded for facilities-related costs
during fiscal 2010 and 2009, respectively. The one-time termination benefits have substantially been paid as of
January 31, 2010. Autodesk expects to pay the facility related liabilities through fiscal 2018.
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