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11. Accumulated Other Comprehensive (Loss) Income
Accumulated other comprehensive (loss) income, net of taxes, was comprised of the following at January 31:
2013 2012 2011
Net gain (loss) on derivative instruments $ 2.8 $ 9.2 $ (0.8)
Net unrealized gain on available-for-sale securities 4.6 2.6 2.4
Unfunded portion of pension plans (14.7) (8.6) (9.8)
Foreign currency translation adjustments 1.6 2.7 7.6
Accumulated other comprehensive (loss) income $ (5.7) $ 5.9 $ (0.6)
12. Net Income Per Share
Basic net income per share is computed using the weighted average number of shares of common stock outstanding for
the period, including restricted stock awards and excluding stock options and restricted stock units. Diluted net income per
share is based upon the weighted average shares of common stock outstanding for the period and potentially dilutive common
shares, including the effect of stock options and restricted stock units under the treasury stock method. The following table sets
forth the computation of the numerators and denominators used in the basic and diluted net income per share amounts:
Fiscal Year Ended January 31,
2013 2012 2011
Numerator:
Net income $ 247.4 $ 285.3 $ 212.0
Denominator:
Denominator for basic net income per share—weighted average shares 226.4 227.7 227.6
Effect of dilutive securities 5.3 5.6 6.6
Denominator for dilutive net income per share 231.7 233.3 234.2
Basic net income per share $ 1.09 $ 1.25 $ 0.93
Diluted net income per share $ 1.07 $ 1.22 $ 0.90
The computation of diluted net income per share does not include shares that are anti-dilutive under the treasury stock
method because their exercise prices are higher than the average market value of Autodesk’s stock during the fiscal year. For
the fiscal years ended January 31, 2013, 2012 and 2011, 9.6 million, 12.9 million and 19.3 million potentially anti-dilutive
shares, respectively, were excluded from the computation of net income per share.
13. Segments
Autodesk reports segment information based on the “management” approach. The management approach designates the
internal reporting used by management for making decisions and assessing performance as the source of the Company’s
reportable segments. Autodesk reported based on four reportable operating segments: PSEB, AEC, MFG and M&E. Autodesk
has no material inter-segment revenue.
The PSEB, AEC and MFG segments derive revenue from the sale of licenses for software products and services to
customers who design, build, manage or own building, manufacturing and infrastructure projects. Autodesk's M&E segment
derives revenue from the sale of products to creative professionals, post-production facilities and broadcasters for a variety of
applications, including feature films, television programs, commercials, music and corporate videos, interactive game
production, web design and interactive web streaming.
PSEB includes Autodesk’s design product, AutoCAD. Autodesk’s AutoCAD product is a platform product that underpins
the Company’s design product offerings for the industries it serves. For example, AEC and MFG offer tailored versions of
AutoCAD software for the industries they serve. Autodesk’s AutoCAD product also provides a platform for Autodesk’s
developer partners to build custom solutions for a range of diverse design-oriented markets. PSEB’s revenue primarily includes
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2013 Annual Report