Autodesk 2013 Annual Report Download - page 115

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We expect research and development expense to increase in absolute dollars, but remain relatively consistent as a
percentage of net revenue during fiscal 2014, as compared to fiscal 2013, as we continue to invest in product development in
fiscal 2014.
General and Administrative
Fiscal Year
Ended
January 31,
2013
Increase compared to
prior fiscal year
Fiscal Year
Ended
January 31,
2012
Increase
compared to
prior fiscal year
Fiscal Year
Ended
January 31,
2011
$ % $ %
(in millions)
General and administrative $ 248.4 $ 25.3 11% $ 223.1 $ 22.3 11% $ 200.8
As a percentage of net revenue 11% 10% 10%
General and administrative expenses include salaries, bonuses, benefits and stock-based compensation expense for our
finance, human resources and legal employees, as well as professional fees for legal and accounting services, expenses related
to our operating expense hedge activity, amortization of acquisition related customer relationships and trade names, and
expense of travel, entertainment and training.
General and administrative expenses increased 11% from fiscal 2012 to fiscal 2013 primarily due to an increase in
amortization of acquisition related customer relationships and trade names and fluctuations in our operating expense hedge
activity in fiscal 2013. Also contributing to the increase was an increase in salaries primarily due to merit increases in fiscal
2013 as compared to fiscal 2012. General and administrative expenses increased 11% from fiscal 2011 to fiscal 2012,
primarily due to an increase in amortization of acquisition related customer relationships and trade names and the increase in
salaries primarily associated with increased head count and the reinstatement of merit increases in fiscal 2012.
We expect general and administrative expense to increase in absolute dollars but remain relatively consistent as a
percentage of net revenue during fiscal 2014, as compared to fiscal 2013, primarily due to an increase in costs associated with
supporting our major business initiatives.
Restructuring Charges (Benefits), Net
Fiscal Year
Ended
January 31,
2013
Increase compared to
prior fiscal year
Fiscal Year
Ended
January 31,
2012
Decrease compared to
prior fiscal year
Fiscal Year
Ended
January 31,
2011
$ % $ %
(in millions)
Restructuring charges (benefits), net $ 43.9 $ 45.2 3,477% $ (1.3) $ (12.1) (112)% $ 10.8
As a percentage of net revenue 2% —% 1%
During the third quarter of fiscal 2013, Autodesk initiated a restructuring plan that included a reduction in force and the
consolidation of certain leased facilities. During fiscal 2013, Autodesk recorded a restructuring charge of $43.9 million. Of this
amount, $40.6 million was recorded for one-time termination benefits and other costs and $3.3 million was recorded for
facilities-related costs. These termination benefits and facility related liabilities have been substantially paid as of fiscal year
ended January 31, 2013. See Note 15, “Restructuring Reserves,” in Notes to Consolidated Financial Statements for further
discussion.
43
2013 Annual Report