Autodesk 2016 Annual Report Download - page 135

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2016 Form 10-K 63
Issuer Purchases of Equity Securities
Autodesk's stock repurchase program is largely to help offset the dilution from the issuance of stock under our employee
stock plans and for such other purposes as may be in the interests of Autodesk and its stockholders, and has the effect of
returning excess cash generated from our business to stockholders. 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 restricted stock unit 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.During the three and twelve
months ended January 31, 2016, we repurchased 1.6 million and 8.5 million shares of our common stock, respectively. At
January 31, 2016, 6.3 million shares remained available for repurchase under our current repurchase program approved by the
Board of Directors. This program does not have a fixed expiration date. See Note 9, “Stockholders' Equity,” in the Notes to
Consolidated Financial Statements for further discussion.
Off-Balance Sheet Arrangements
As of January 31, 2016, we did not have any significant off-balance sheet arrangements other than operating leases, as
defined in Item 303(a)(4)(ii) of Regulation S-K.
2016 Annual Report