Autodesk 2014 Annual Report Download - page 162
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2013 Annual Report
2014 Form 10-K 88
effect of returning excess cash generated from the Company’s business to stockholders. Autodesk repurchased and retired 10.5
million shares in fiscal 2014 at an average repurchase price of $40.43 per share, 12.5 million shares in fiscal 2013 at an average
repurchase price of $34.50 per share and 9.7 million shares in fiscal 2012 at an average repurchase price of $33.71.
At January 31, 2014, 21.8 million shares remained available for repurchase under the repurchase program approved by
the Board of Directors. The number of shares acquired and the timing of the purchases are based on several factors, including
general market and economic conditions, the number of employee stock option exercises and stock issuances, the trading price
of Autodesk common stock, cash on hand and available in the United States, cash requirements for acquisitions, and Company
defined trading windows.
10. Interest and Other (Expense) Income, net
Interest and other income, net, consists of the following:
Fiscal Year Ended January 31,
2014 2013 2012
Interest and investment (expense) income, net (1) $ (9.8) $ 4.9 $ 5.4
Gain (loss) on foreign currency 4.0 1.2 (1.1)
(Loss) gain on strategic investments (1) (1.8) (4.0) 0.3
Other income 2.7 2.0 2.7
Interest and other (expense) income, net $ (4.9) $ 4.1 $ 7.3
____________________
(1) For comparability, the presentation of the balances at January 31, 2012 was adjusted to align to current year presentation.
11. Accumulated Other Comprehensive (Loss) Income
Accumulated other comprehensive (loss) income, net of taxes, was comprised of the following at January 31:
2014 2013 2012
Net gain on derivative instruments $ 3.5 $ 2.8 $ 9.2
Net unrealized gain on available-for-sale securities (1) 1.8 2.9 1.4
Defined benefit pension items (1) (7.7) (13.1) (7.8)
Foreign currency translation adjustments (1) 1.8 1.7 3.1
Accumulated other comprehensive (loss) $ (0.6) $ (5.7) $ 5.9
(1) For comparability, the presentation of the balances at January 31, 2013 and January 31, 2012 were adjusted to align with current year
presentation.
Pre-tax reclassifications from “Accumulated other comprehensive (loss)” to the Company's Consolidated Statement of
Operations for the twelve months ended January 2014 were $12.9 million.