Autodesk 2013 Annual Report Download - page 136

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Autodesk’s product license revenue from distributors and resellers is generally recognized at the time title to
Autodesk’s product passes to the distributor or reseller, provided all other criteria for revenue recognition are met.
Autodesk establishes reserves for product returns based on historical experience of actual product returns,
estimated channel inventory levels, the timing of new product introductions, channel sell-in for applicable markets
and other factors. These reserves are recorded as a direct reduction of revenue and accounts receivable at the time
the related revenue is recognized.
Revenues for Autodesk's cloud subscription services are recognized ratably over the contract term commencing
with the date the service is made available to the customer and all other revenue recognition criteria have been
satisfied.
(2) Other Revenue
Other revenue includes revenue from consulting, training, Autodesk Developers Network and Creative
Finishing customer support, and is recognized over time, as the services are performed.
Maintenance revenue consists of revenue from the Company’s maintenance program. Under this program, customers are
eligible to receive unspecified upgrades when-and-if-available, downloadable training courses and on-line support. Autodesk
recognizes maintenance revenue from its maintenance program ratably over the maintenance service contract periods.
Taxes Collected from Customers
Autodesk nets taxes collected from customers against those remitted to government authorities in the consolidated
financial statements. Accordingly, taxes collected from customers are not reported as revenue.
Shipping and Handling Costs
Shipping and handling costs are included in cost of revenue for all periods presented.
Stock-based Compensation Expense
On the date of grant, Autodesk measures the fair value of all stock-based payments (including grants of stock options,
employee stock purchases related to the employee stock purchase plan (“ESP Plan”), and restricted stock units) to employees
and directors and records the related expense in Autodesk’s Consolidated Statements of Operations. Share-based compensation
cost for stock options and employee stock purchases related to the ESP Plan ("stock-based awards") are estimated at the grant
date based on the fair-value as calculated using the Black-Scholes-Merton (“BSM”) option-pricing model. Share-based
compensation cost for restricted stock units is measured based on the closing fair market value of the Company's common stock
on the date of grant. The estimated fair value of stock-based awards and restricted stock is amortized to expense on a straight-
line basis over the awards’ vesting period. The following table summarizes stock-based compensation expense for fiscal 2013,
2012 and 2011, respectively, as follows:
Fiscal Year Ended January 31,
2013 2012 2011
Cost of license and other revenue $ 5.2 $ 3.9 $ 2.9
Marketing and sales 64.3 48.3 35.5
Research and development 61.8 38.1 27.4
General and administrative 25.0 18.5 14.9
Stock-based compensation expense related to stock awards and ESP Plan purchases 156.3 108.8 80.7
Tax benefit (35.5) (27.1) (22.0)
Stock-based compensation expense related to stock awards and ESP Plan purchases $ 120.8 $ 81.7 $ 58.7
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