Autodesk 2011 Annual Report Download - page 139

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The effects of derivatives not 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 Exchange
Contracts
Fiscal Year Ended
January 31,
2011 2010
Amount and Location of Gain (Loss) Recognized in Income on Derivative
Interest and other income, net .............................................. $2.3 $0.9
Note 3. Fair Value Measurements
On a recurring basis, Autodesk measures the fair value of certain financial assets and liabilities, which
consist of cash equivalents, marketable securities and foreign currency contracts. Autodesk uses a three-tier value
hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such
as quoted prices in active markets; (Level 2) inputs other than the quoted prices in active markets that are
observable either directly or indirectly in active markets; and (Level 3) unobservable inputs for which there is
little or no market data, which require Autodesk to develop its own assumptions. When determining fair value,
Autodesk uses observable market data and relies on unobservable inputs only when observable market data is not
available. A financial asset or liability’s classification within the hierarchy is determined based on the lowest
level input that is significant to the fair value measurement. There have been no transfers between fair value
measurement levels during the year ended January 31, 2011.
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