Autodesk 2016 Annual Report Download - page 171

2016 Form 10-K 99
12. Net (Loss) Income Per Share
Basic net (loss) income per share is computed using the weighted average number of shares of common stock outstanding
for the period, excluding stock options and restricted stock units. Diluted net (loss) income per share is based upon the weighted
average number of 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 (loss) income per share amounts:
Fiscal Year Ended January 31,
2016 2015 2014
Numerator:
Net (loss) income $ (330.5) $ 81.8 $ 228.8
Denominator:
Denominator for basic net (loss) income per share—weighted average shares 226.0 227.1 224.0
Effect of dilutive securities (1) — 5.3 5.6
Denominator for dilutive net (loss) income per share 226.0 232.4 229.6
Basic net (loss) income per share $ (1.46) $ 0.36 $ 1.02
Diluted net (loss) income per share $ (1.46) $ 0.35 $ 1.00
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(1) Dilutive securities of 4.7 million shares for the fiscal year ended January 31, 2016 have been excluded from the calculation of diluted
net (loss) income per share as those shares would have been anti-dilutive due to the net loss incurred during this period.
The computation of diluted net (loss) 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, 2016, 2015, and 2014, 0.1 million, 0.1 million, and 5.4 million potentially anti-dilutive
shares, respectively, were excluded from the computation of net (loss) 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 has four reportable segments: AEC, MFG, PSEB, and M&E. Autodesk has no material inter-
segment revenue.
The AEC, MFG, and PSEB 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.
AEC software products help to improve the way building, civil infrastructure, process plant, and construction projects are
designed, built, and managed. A broad portfolio of solutions enables greater efficiency, accuracy, and sustainability across the
entire project lifecycle. Autodesk AEC solutions include advanced technology for BIM, AutoCAD-based design and
documentation productivity software, sustainable design analysis applications, and collaborative project management solutions.
BIM, an integrated process for building and infrastructure design, analysis, documentation, and construction, uses consistent,
coordination information to improve communication and collaboration between the extended project team. AEC provides a
comprehensive portfolio of BIM solutions that help customers deliver projects faster and more economically, while minimizing
environmental impact. AEC’s revenue primarily includes revenue from the sales of Autodesk Building Design Suites, Autodesk
Infrastructure Design Suites, AEC flexible enterprise offerings, AEC consulting services, and AutoCAD Civil 3D.
MFG provides the manufacturers in automotive and transportation, industrial machinery, consumer products and building
products with comprehensive digital prototyping solutions that bring together design data from all phases of the product
development process to develop a single digital model created in Autodesk Inventor software. Autodesk’s solutions for digital
prototyping enable a broad group of manufacturers to realize benefits with minimal disruption to existing workflows. MFG’s
revenue primarily includes revenue from the sales of licenses of Autodesk Product Design Suites, AutoCAD Mechanical,
Delcam, and Autodesk Moldflow products.
2016 Annual Report