Autodesk 2011 Annual Report Download - page 138
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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Fair Value of Derivative Instruments:
The fair value of derivative instruments in Autodesk’s Consolidated Balance Sheets were as follows as of
January 31, 2011 and January 31, 2010:
Balance Sheet Location
Fair Value at
January 31,
2011
January 31,
2010
Derivative Assets
Foreign currency contracts designated as
cash flow hedges ............................. Prepaid expenses and
other current assets
$ 5.1 $ 4.3
Derivatives not designated as hedging instruments ..... — —
Total derivative assets ....................... 5.1 4.3
Derivative Liabilities
Foreign currency contracts designated as cash flow
hedges ...................................... Other accrued liabilities $ 1.2 $ 0.4
Derivatives not designated as hedging instruments ..... — —
Total derivative liabilities ..................... $1.2 $0.4
The effects of derivatives designated as hedging instruments on Autodesk’s Consolidated Statements of
Operations were as follows for the fiscal years ended January 31, 2011 and 2010, respectively (amounts
presented include any income tax effects):
Foreign Currency Contracts
Fiscal Year Ended
January 31,
2011 2010
Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives
(Effective Portion) .................................................... $11.8 $ (2.5)
Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income
(Effective Portion)
Net revenue ....................................................... $13.0 $(10.9)
Operating expenses ................................................. 2.1 4.6
Total ......................................................... $15.1 $ (6.3)
Amount and Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective
Portion and Amount Excluded from Effectiveness Testing)(1)
Interest and other income (expense), net ................................... $ 0.1 $ 1.3
(1) Includes $1.0 million net gain recognized for the fiscal year ended January 31, 2010 due to previously
forecasted transactions that did not occur within the originally specified time period or the additional period
of time allowed.
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