Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Billions, except Share data, unless otherwise specified | Jan. 31, 2014 | Feb. 28, 2014 | Jul. 31, 2013 |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'AUTODESK INC. | ' | ' |
Entity Central Index Key | '0000769397 | ' | ' |
Current Fiscal Year End Date | '--01-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Jan-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 227,185,041 | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $7.80 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Net revenue: | ' | ' | ' |
License and other | $1,254.90 | $1,364.10 | $1,334.40 |
Subscription | 1,019 | 948.1 | 881.2 |
Total net revenue | 2,273.90 | 2,312.20 | 2,215.60 |
Cost of revenue: | ' | ' | ' |
Cost of license and other revenue | 178.7 | 166 | 166.6 |
Cost of subscription revenue | 95.6 | 72.5 | 62.5 |
Total cost of revenue | 274.3 | 238.5 | 229.1 |
Gross profit | 1,999.60 | 2,073.70 | 1,986.50 |
Operating expenses: | ' | ' | ' |
Marketing and sales | 842.6 | 875.5 | 842.6 |
Research and development | 611.1 | 600 | 566.5 |
General and administrative | 248.3 | 248.4 | 223.1 |
Restructuring charges (benefits), net | 12.8 | 43.9 | -1.3 |
Total operating expenses | 1,714.80 | 1,767.80 | 1,630.90 |
Income from operations | 284.8 | 305.9 | 355.6 |
Interest and other (expense) income, net | -4.9 | 4.1 | 7.3 |
Income before income taxes | 279.9 | 310 | 362.9 |
Provision for income taxes | -51.1 | -62.6 | -77.6 |
Net income | $228.80 | $247.40 | $285.30 |
Basic net income per share | $1.02 | $1.09 | $1.25 |
Diluted net income per share | $1 | $1.07 | $1.22 |
Weighted average shares used in computing basic net income per share | 224 | 226.4 | 227.7 |
Weighted average shares used in computing diluted net income per share | 229.6 | 231.7 | 233.3 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $228.80 | $247.40 | $285.30 |
Net gain (loss) on derivative instruments (net of tax effect of $1.1, ($0.5) and $1.0) | 0.7 | -6.4 | 10 |
Change in net unrealized (loss) gain on available-for-sale securities (net of tax effect of $0.3, ($0.6) and $0.0) | -1.1 | 2 | 0.2 |
Change in defined benefit pension items (net of tax effect of $0.6, $0.4 and $0.0) | 5.4 | -6.1 | 1.2 |
Net change in cumulative foreign currency translation gain (loss) (net of tax effect of $2.1, $2.1 and ($4.4)) | 0.1 | -1.1 | -4.9 |
Total other comprehensive income (loss) | 5.1 | -11.6 | 6.5 |
Total comprehensive income | $233.90 | $235.80 | $291.80 |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parentheticals) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net gain (loss) on derivative instruments, tax | $1.10 | ($0.50) | $1 |
Change in net unrealized (loss) gain on available-for-sale securities, tax | 0.3 | -0.6 | 0 |
Change in unfunded portion of pension plans, tax | 0.6 | 0.4 | 0 |
Net change in cumulative foreign currency translation gain (loss), tax | $2.10 | $2.10 | ($4.40) |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Millions, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $1,853 | $1,612.20 |
Marketable securities | 414.1 | 342.1 |
Accounts receivable, net | 423.7 | 495.1 |
Deferred income taxes | 56.8 | 42.2 |
Prepaid expenses and other current assets | 87.4 | 60.8 |
Total current assets | 2,835 | 2,552.40 |
Marketable securities | 277.3 | 411.1 |
Computer equipment, software, furniture and leasehold improvements, net | 130.3 | 114.9 |
Purchased technologies, net | 63.1 | 76 |
Goodwill | 1,009.90 | 871.5 |
Deferred income taxes, net | 131.1 | 122.8 |
Other assets | 148.3 | 159.7 |
Total assets | 4,595 | 4,308.40 |
Current liabilities: | ' | ' |
Accounts payable | 84.5 | 94.2 |
Accrued compensation | 181.2 | 189.6 |
Accrued income taxes | 24.3 | 13.9 |
Deferred revenue | 696.2 | 647 |
Other accrued liabilities | 85.3 | 99 |
Total current liabilities | 1,071.50 | 1,043.70 |
Deferred revenue | 204.4 | 187.6 |
Long term income taxes payable | 211.8 | 194.2 |
Long term notes payable, net of discount | 746.4 | 745.6 |
Other liabilities | 99.4 | 94.1 |
Commitments and contingencies | ' | ' |
Stockholders’ equity: | ' | ' |
Preferred stock, $0.01 par value; shares authorized 2.0; none issued or outstanding at January 31, 2014 and 2013 | 0 | 0 |
Common stock and additional paid-in capital, $0.01 par value; shares authorized 750.0; 226.7 outstanding at January 31, 2014 and 223.6 outstanding at January 31, 2013 | 1,637.30 | 1,449.80 |
Accumulated other comprehensive (loss) | -0.6 | -5.7 |
Retained earnings | 624.8 | 599.1 |
Total stockholders’ equity | 2,261.50 | 2,043.20 |
Total liabilities and stockholders' equity | $4,595 | $4,308.40 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 2,000,000 | 2,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, shares outstanding | 226,700,000 | 223,600,000 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Operating Activities | ' | ' | ' |
Net income | $228.80 | $247.40 | $285.30 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation, amortization and accretion | 128.9 | 127.8 | 115.5 |
Stock-based compensation expense | 132.2 | 156.3 | 108.8 |
Excess tax benefits from stock-based compensation | -9.1 | -12.9 | -31.5 |
Restructuring charges (benefits), net | 12.8 | 43.9 | -1.3 |
Other operating activities | -16.1 | 6.7 | -0.3 |
Changes in operating assets and liabilities, net of business combinations: | ' | ' | ' |
Accounts receivable | 72.3 | -98.1 | -71.8 |
Deferred income taxes | -49.4 | -28.3 | -33.8 |
Prepaid expenses and other current assets | -20.3 | 0.1 | 17.7 |
Accounts payable and accrued liabilities | -19.6 | -28.3 | 2.9 |
Deferred revenue | 66 | 113.3 | 129.6 |
Accrued income taxes | 37 | 31.2 | 52.4 |
Net cash provided by operating activities | 563.5 | 559.1 | 573.5 |
Investing Activities | ' | ' | ' |
Purchases of marketable securities | -1,214.20 | -1,397.70 | -614.2 |
Sales of marketable securities | 537 | 332.9 | 149.5 |
Maturities of marketable securities | 742.1 | 764.8 | 409.6 |
Acquisitions, net of cash acquired | -176.1 | -263.7 | -221.7 |
Capital expenditures | -64.2 | -56.4 | -63 |
Other investing activities | -18.6 | -27.1 | -30.5 |
Net cash used in investing activities | -194 | -647.2 | -370.3 |
Financing Activities | ' | ' | ' |
Proceeds from issuance of common stock, net of issuance costs | 288.2 | 220.2 | 176.1 |
Repurchase and retirement of common shares | -423.8 | -431.2 | -327.4 |
Draws on line of credit | 0 | 110 | 0 |
Proceeds from debt, net of discount | 0 | 745.6 | 0 |
Repayments of line of credit | 0 | -110 | 0 |
Excess tax benefits from stock-based compensation | 9.1 | 12.9 | 31.5 |
Other financing activities | 0 | -6.1 | 0 |
Net cash (used in) provided by financing activities | -126.5 | 541.4 | -119.8 |
Effect of exchange rate changes on cash and cash equivalents | -2.2 | 2 | -1.6 |
Net increase in cash and cash equivalents | 240.8 | 455.3 | 81.8 |
Cash and cash equivalents at beginning of fiscal year | 1,612.20 | 1,156.90 | 1,075.10 |
Cash and cash equivalents at end of fiscal year | 1,853 | 1,612.20 | 1,156.90 |
Supplemental cash flow information: | ' | ' | ' |
Cash paid during the year for interest | 20.5 | 0.4 | 0 |
Net cash paid during the year for income taxes | $75.70 | $59.70 | $63 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) | Total | Common stock and additional paid-in capital | Accumulated other comprehensive (loss) income | Retained earnings |
In Millions, unless otherwise specified | ||||
Balance at Jan. 31, 2011 | $1,609.30 | $1,267.20 | ($0.60) | $342.70 |
Balance (in shares) at Jan. 31, 2011 | ' | 227 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Common shares issued under stock plans (in shares) | ' | 8.6 | ' | ' |
Common shares issued under stock plans | 176.1 | 176.1 | ' | ' |
Stock-based compensation expense | 108.8 | 108.8 | ' | ' |
Tax benefits from employee stock plans | 24.3 | 24.3 | ' | ' |
Net income | 285.3 | ' | ' | 285.3 |
Other comprehensive income (loss) | 6.5 | ' | 6.5 | ' |
Repurchase and retirement of common shares (in shares) | ' | -9.7 | ' | ' |
Repurchase and retirement of common shares | -327.4 | -211 | ' | -116.4 |
Balances at Jan. 31, 2012 | 1,882.90 | 1,365.40 | 5.9 | 511.6 |
Balance (in shares) at Jan. 31, 2012 | ' | 225.9 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Common shares issued under stock plans (in shares) | ' | 10.2 | ' | ' |
Common shares issued under stock plans | 220.2 | 220.2 | ' | ' |
Stock-based compensation expense | 139.8 | 139.8 | ' | ' |
Tax benefits from employee stock plans | -4.3 | -4.3 | ' | ' |
Net income | 247.4 | ' | ' | 247.4 |
Other comprehensive income (loss) | -11.6 | ' | -11.6 | ' |
Repurchase and retirement of common shares (in shares) | ' | -12.5 | ' | ' |
Repurchase and retirement of common shares | -431.2 | -271.3 | ' | -159.9 |
Balances at Jan. 31, 2013 | 2,043.20 | 1,449.80 | -5.7 | 599.1 |
Balance (in shares) at Jan. 31, 2013 | 223.6 | 223.6 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Common shares issued under stock plans (in shares) | ' | 13.6 | ' | ' |
Common shares issued under stock plans | 288.2 | 288.2 | ' | ' |
Stock-based compensation expense | 132.2 | 132.2 | ' | ' |
Tax benefits from employee stock plans | -12.2 | -12.2 | ' | ' |
Net income | 228.8 | ' | ' | 228.8 |
Other comprehensive income (loss) | 5.1 | ' | 5.1 | ' |
Repurchase and retirement of common shares (in shares) | ' | -10.5 | ' | ' |
Repurchase and retirement of common shares | -423.8 | -220.7 | ' | -203.1 |
Balances at Jan. 31, 2014 | $2,261.50 | $1,637.30 | ($0.60) | $624.80 |
Balance (in shares) at Jan. 31, 2014 | 226.7 | 226.7 | ' | ' |
Business_and_Summary_of_Signif
Business and Summary of Significant Accounting Policies | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Business and Summary of Significant Accounting Policies [Abstract] | ' | |||||||||||||||||||
Business and Summary Of Significant Accounting Policies | ' | |||||||||||||||||||
Business and Summary of Significant Accounting Policies | ||||||||||||||||||||
Business | ||||||||||||||||||||
Autodesk, Inc. (“Autodesk” or the “Company”) is a world leading design software and services company, offering customers productive business solutions through powerful technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing; and digital media, consumer and entertainment industries. The Company’s sophisticated software products enable its customers to experience their ideas before they are real by allowing them to imagine, design, and create their ideas and to visualize, simulate and analyze real-world performance early in the design process by creating digital prototypes. These capabilities allow Autodesk’s customers to foster innovation, optimize and improve their designs, help save time and money, improve quality, and collaborate with others. Autodesk software products are sold globally, both directly to customers and through a network of resellers and distributors. | ||||||||||||||||||||
Principles of Consolidation | ||||||||||||||||||||
The accompanying consolidated financial statements include the accounts of Autodesk and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. | ||||||||||||||||||||
Reclassifications | ||||||||||||||||||||
During the first quarter of fiscal 2014, Autodesk combined maintenance revenue and cloud services offering-related revenue into one category named “Subscription.” As a result, revenue and cost of revenue related to cloud service offerings previously reflected in “License and other revenue” and “Cost of license and other revenue” were reclassified to “Subscription revenue” and “Cost of subscription revenue.” These revenues and expenses have been reclassified in the Consolidated Statements of Operations for fiscal years 2013 and 2012 to conform to the current period presentation as follows: | ||||||||||||||||||||
Fiscal year ended January 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Reclassifications within revenue: | ||||||||||||||||||||
Decrease to License and other revenue | $ | (26.5 | ) | $ | (23.2 | ) | ||||||||||||||
Increase to Subscription revenue | 26.5 | 23.2 | ||||||||||||||||||
Reclassifications within cost of revenue: | ||||||||||||||||||||
Decrease to Cost of license and other revenue | $ | (32.1 | ) | $ | (20.5 | ) | ||||||||||||||
Increase to Cost of subscription revenue | 32.1 | 20.5 | ||||||||||||||||||
Use of Estimates | ||||||||||||||||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in Autodesk’s consolidated financial statements and notes thereto. These estimates are based on information available as of the date of the consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Actual results may differ materially from these estimates. | ||||||||||||||||||||
Examples of significant estimates and assumptions made by management involve the determination of the fair value of acquired assets and liabilities, goodwill, financial instruments, long-lived assets and other intangible assets, the realizability of deferred tax assets and the fair value of stock awards (see “Stock-based Compensation Expense” within this Note 1 and Note 3 “Employee and Director Stock Plans” for further discussion). The Company also makes assumptions, judgments and estimates in determining the accruals for uncertain tax positions, variable compensation, partner incentive programs, product returns reserves, allowances for doubtful accounts, asset retirement obligations and legal contingencies. | ||||||||||||||||||||
Foreign Currency Translation and Transactions | ||||||||||||||||||||
The assets and liabilities of Autodesk’s foreign subsidiaries are translated from their respective functional currencies into U.S. dollars at the rates in effect at the balance sheet date, and revenue and expense amounts are translated at exchange rates that approximate those rates in effect during the period in which the underlying transactions occur. Foreign currency translation adjustments are recorded as other comprehensive income (loss). | ||||||||||||||||||||
Gains and losses realized from foreign currency transactions, those transactions denominated in currencies other than the foreign subsidiary’s functional currency, are included in interest and other income, net. Monetary assets and liabilities are remeasured using foreign currency exchange rates at the end of the period, and non-monetary assets are remeasured based on historical exchange rates. | ||||||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||||
Under its risk management strategy, Autodesk uses derivative instruments to manage its short-term exposures to fluctuations in foreign currency exchange rates which exist as part of ongoing business operations. Autodesk’s general practice is to hedge a majority of transaction exposures denominated in euros, Japanese yen, Swiss francs, British pounds, Canadian dollars, and Australian dollars. These instruments have maturities between one to 12 months in the future. Autodesk does not enter into any derivative instruments for trading or speculative purposes. | ||||||||||||||||||||
The bank counterparties in all contracts expose Autodesk to credit-related losses in the event of their nonperformance. However, to mitigate that risk, Autodesk only contracts with counterparties who meet the Company’s minimum requirements under its counterparty risk assessment process. Autodesk monitors ratings, credit spreads and potential downgrades on at least a quarterly basis. Based on Autodesk’s on-going assessment of counterparty risk, the Company will adjust its exposure to various counterparties. Autodesk generally enters into master netting arrangements, which reduce credit risk by permitting net settlement of transactions with the same counterparty. However, Autodesk does not have any master netting arrangements in place with collateral features. | ||||||||||||||||||||
Autodesk accounts for its derivative instruments as either assets or liabilities on the balance sheet and carries them at fair value. Gains and losses resulting from changes in fair value are accounted for depending on the use of the derivative and whether it is designated and qualifies for hedge accounting. Derivatives that do not qualify for hedge accounting are adjusted to fair value through earnings. See Note 2, "Financial Instruments" for information regarding Autodesk's hedging activities. | ||||||||||||||||||||
Cash and Cash Equivalents | ||||||||||||||||||||
Autodesk considers all highly liquid investments with insignificant interest rate risk and remaining maturities of three months or less at the date of purchase to be cash equivalents. Cash equivalents are recorded at cost, which approximates fair value. | ||||||||||||||||||||
Marketable Securities | ||||||||||||||||||||
Marketable securities are stated at fair value. Marketable securities maturing within one year that are not restricted are classified as current assets. | ||||||||||||||||||||
Autodesk determines the appropriate classification of its marketable securities at the time of purchase and re-evaluates such classification as of each balance sheet date. Autodesk carries all “available-for-sale securities” at fair value, with unrealized gains and losses, net of tax, reported in stockholders’ equity until disposition or maturity. Autodesk carries all “trading securities” at fair value, with unrealized gains and losses, recorded in “Interest and other income, net” in the Company’s Consolidated Statements of Operations. | ||||||||||||||||||||
All of Autodesk’s marketable securities are subject to a periodic impairment review. The Company recognizes an impairment charge when a decline in the fair value of its investments below the cost basis is judged to be other-than-temporary. Autodesk considers various factors in determining whether to recognize an impairment charge, including the length of time and extent to which the fair value has been less than Autodesk’s cost basis, the financial condition and near-term prospects of the investee, and Autodesk’s intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in the market value. Autodesk did not record any other-than temporary impairment charges during fiscal years ended 2014, 2013 and 2012. For additional information, see “Concentration of Credit Risk” within this Note 1 and Note 2, “Financial Instruments.” | ||||||||||||||||||||
Accounts Receivable, Net | ||||||||||||||||||||
Accounts receivable, net, consisted of the following as of January 31: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Trade accounts receivable | $ | 464.6 | $ | 531.1 | ||||||||||||||||
Less: Allowance for doubtful accounts | (4.9 | ) | (5.6 | ) | ||||||||||||||||
Product returns reserve | (4.0 | ) | (4.9 | ) | ||||||||||||||||
Partner programs and other obligations | (32.0 | ) | (25.5 | ) | ||||||||||||||||
Accounts receivable, net | $ | 423.7 | $ | 495.1 | ||||||||||||||||
Allowances for uncollectible trade receivables are based upon historical loss patterns, the number of days that billings are past due and an evaluation of the potential risk of loss associated with problem accounts. | ||||||||||||||||||||
The product returns reserves are 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. | ||||||||||||||||||||
As part of the indirect channel model, Autodesk has a partner incentive program that uses quarterly attainment monetary rewards to motivate distributors and resellers to achieve mutually agreed upon business goals in a specified time period. A portion of these incentives reduce license and other revenue in the current period. The remainder, which relates to incentives on our Subscription Program, is recorded as a reduction to deferred revenue in the period the maintenance transaction is billed and subsequently recognized as a reduction to maintenance revenue over the contract period. These incentive balances do not require significant assumptions or judgments. The reserves associated with the partner incentive program are treated on the balance sheet as either contra account receivable (when due to distributors and direct resellers) or accounts payable (when due to indirect resellers). | ||||||||||||||||||||
Concentration of Credit Risk | ||||||||||||||||||||
Autodesk places its cash, cash equivalents and marketable securities in highly liquid instruments with, and in the custody of, diversified financial institutions globally with high credit ratings and limits the amounts invested with any one institution, type of security and issuer. | ||||||||||||||||||||
Geographical concentrations of consolidated cash, cash equivalents and marketable securities held by Autodesk as of January 31: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
United States | 25 | % | 29 | % | ||||||||||||||||
Other Americas | 1 | % | 1 | % | ||||||||||||||||
Europe, Middle East and Africa (“EMEA”) | 57 | % | 38 | % | ||||||||||||||||
Asia Pacific (“APAC”) | 17 | % | 32 | % | ||||||||||||||||
Autodesk’s primary commercial banking relationship is with Citigroup Inc. and its global affiliates. Citibank, N.A., an affiliate of Citigroup, is one of the lead lenders and an agent in the syndicate of Autodesk’s $400.0 million line of credit facility. It is Autodesk’s policy to limit the amounts invested with any one institution by type of security and issuer. | ||||||||||||||||||||
Autodesk’s accounts receivable are derived from sales to a large number of resellers, distributors and direct customers in the Americas; EMEA; and APAC geographies. Autodesk performs ongoing evaluations of these partners' financial condition and limits the amount of credit extended when deemed necessary, but generally does not require collateral from such parties. Total sales to the Company's largest distributor Tech Data Corporation, and its global affiliates (“Tech Data”), accounted for 24%, 23% and 21% of Autodesk's net revenue for fiscal years ended 2014, 2013 and 2012, respectively. The majority of the net revenue from sales to Tech Data relates to Autodesk's Platform Solutions and Emerging Business ("PSEB") segment and is for sales made outside of the United States. In addition, Tech Data accounted for 24% and 23% of trade accounts receivable at January 31, 2014 and 2013, respectively. | ||||||||||||||||||||
Computer Equipment, Software, Furniture and Leasehold Improvements, Net | ||||||||||||||||||||
Computer equipment, software and furniture are depreciated using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the lease term. Depreciation expense was $47.2 million in fiscal 2014, $45.6 million in fiscal 2013 and $43.7 million in fiscal 2012. | ||||||||||||||||||||
Computer equipment, software, furniture, leasehold improvements and the related accumulated depreciation at January 31 were as follows: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Computer hardware, at cost | $ | 163 | $ | 152.3 | ||||||||||||||||
Computer software, at cost | 80.9 | 95.1 | ||||||||||||||||||
Leasehold improvements, land and buildings, at cost | 163.7 | 152.4 | ||||||||||||||||||
Furniture and equipment, at cost | 51.7 | 46 | ||||||||||||||||||
Computer software, hardware, leasehold improvements, furniture and equipment, at cost | 459.3 | 445.8 | ||||||||||||||||||
Less: Accumulated depreciation | (329.0 | ) | (330.9 | ) | ||||||||||||||||
Computer software, hardware, leasehold improvements, furniture and equipment, net | $ | 130.3 | $ | 114.9 | ||||||||||||||||
Costs incurred for computer software developed or obtained for internal use are capitalized for application development activities, if material, and immediately expensed for preliminary project activities and post-implementation activities. These capitalized costs are amortized over the software’s expected useful life, which is generally three years. During fiscal 2014, Autodesk wrote-off $48.2 million of fully depreciated assets. | ||||||||||||||||||||
Software Development Costs | ||||||||||||||||||||
Software development costs incurred prior to the establishment of technological feasibility are included in research and development expenses. Autodesk defines establishment of technological feasibility as the completion of a working model. Software development costs incurred subsequent to the establishment of technological feasibility through the period of general market availability of the products are capitalized and generally amortized over a three year period, if material. Autodesk had no capitalized software development costs at January 31, 2014 and January 31, 2013. | ||||||||||||||||||||
Other Intangible Assets, Net | ||||||||||||||||||||
Other intangible assets include purchased technologies, customer relationships, trade names and the related accumulated amortization. These assets are shown as “Purchased technologies, net” and as part of “Other assets” in the Consolidated Balance Sheet. The majority of Autodesk’s other intangible assets are amortized to expense over the estimated economic life of the product, which ranges from one to ten years. Amortization expense for purchased technologies, customer relationships, trade names, patents, and user lists was $80.7 million in fiscal 2014, $82.0 million in fiscal 2013 and $71.8 million in fiscal 2012. | ||||||||||||||||||||
Other intangible assets and related accumulated amortization at January 31 were as follows: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Purchased technologies, at cost | $ | 462.4 | $ | 431 | ||||||||||||||||
Customer relationships, trade names, patents and user lists, at cost (1) | 268.1 | 259.5 | ||||||||||||||||||
730.5 | 690.5 | |||||||||||||||||||
Less: Accumulated amortization | (626.2 | ) | (546.3 | ) | ||||||||||||||||
Other intangible assets, net | $ | 104.3 | $ | 144.2 | ||||||||||||||||
____________________ | ||||||||||||||||||||
-1 | Included as a net balance in “Other assets” in the Consolidated Balance Sheet. Customer relationships and trade names include the effects of foreign currency translation. | |||||||||||||||||||
The weighted average amortization period for purchased technologies, customer relationships and trade names during fiscal 2014 was 4.1 years. Expected future amortization expense for purchased technologies, customer relationships and trade names, patents and user lists for each of the fiscal years ended thereafter is as follows: | ||||||||||||||||||||
Fiscal Year ended | ||||||||||||||||||||
January 31, | ||||||||||||||||||||
2015 | $ | 59.1 | ||||||||||||||||||
2016 | 30.8 | |||||||||||||||||||
2017 | 11.1 | |||||||||||||||||||
2018 | 1.2 | |||||||||||||||||||
2019 | 0.5 | |||||||||||||||||||
Thereafter | 0.8 | |||||||||||||||||||
Total | $ | 103.5 | ||||||||||||||||||
Goodwill | ||||||||||||||||||||
Goodwill consists of the excess of cost over the fair value of net assets acquired in business combinations. Autodesk assigns goodwill to the reportable segment associated with each business combination, and tests goodwill for impairment annually in its fourth fiscal quarter or more often if circumstances indicate a potential impairment. For purposes of the goodwill impairment test, a reporting unit is an operating segment or one level below. Autodesk's operating segments are aligned with the management principles of Autodesk's business. | ||||||||||||||||||||
Accounting Standard Update No. 2011-08, "Testing Goodwill for Impairment" provides Autodesk the option to perform an assessment of qualitative factors of impairment (“optional assessment”) prior to necessitating a two-step quantitative impairment test. Should the optional assessment be utilized for any given fiscal year, qualitative factors to consider include cost factors; financial performance; legal, regulatory, contractual, political, business, or other factors; entity specific factors; industry and market considerations, macroeconomic conditions, and other relevant events and factors affecting the reporting unit. If, after assessing the totality of events or circumstances, it is more likely than not that the fair value of the reporting unit is greater than its carrying value, then performing the two-step impairment test is unnecessary. | ||||||||||||||||||||
Therefore, the two-step quantitative impairment test is necessary when either Autodesk does not utilize the optional assessment or, as a result of the optional assessment, it is not more likely than not that the fair value of the reporting unit is greater than its carrying value. In performing the two-step impairment test, Autodesk uses discounted cash flow models which include assumptions regarding projected cash flows. Variances in these assumptions could have a significant impact on Autodesk's conclusion as to whether goodwill is impaired, or the amount of any impairment charge. Impairment charges, if any, result from instances where the fair values of net assets associated with goodwill are less than their carrying values. As changes in business conditions and assumptions occur, Autodesk may be required to record impairment charges. The process of evaluating the potential impairment of goodwill is subjective and requires significant judgment at many points during the analysis. The value of Autodesk’s goodwill could also be impacted by future adverse changes such as: (i) declines in Autodesk’s actual financial results, (ii) a sustained decline in Autodesk’s market capitalization, (iii) significant slowdown in the worldwide economy or the industries Autodesk serves, or (iv) changes in Autodesk’s business strategy or internal financial results forecasts. | ||||||||||||||||||||
For the fiscal 2014 annual goodwill impairment testing, Autodesk had four reporting units: Platform Solutions and Emerging Business (“PSEB”), Manufacturing ("MFG"), Architecture, Engineering and Construction ("AEC") and Media and Entertainment ("M&E"). For each of four reporting units, Autodesk did not utilize the optional assessment but rather performed the quantitative two-step impairment test. In performing the quantitative two-step test, Autodesk used a discounted cash flow model which included assumptions regarding projected cash flows. Based on this testing, Autodesk determined that the fair value was substantially in excess of the carrying value for each of the four reporting units and that there was no impairment of goodwill during the year ended January 31, 2014. In addition, Autodesk did not recognize any goodwill impairment losses in fiscal 2013 or 2012. | ||||||||||||||||||||
The change in the carrying amount of goodwill during the year ended January 31, 2014 is as follows: | ||||||||||||||||||||
Platform | Architecture, | Manufacturing | Media and | Total | ||||||||||||||||
Solutions and | Engineering | Entertainment | ||||||||||||||||||
Emerging | and | |||||||||||||||||||
Business | Construction | |||||||||||||||||||
Balance as of January 31, 2013 | ||||||||||||||||||||
Goodwill | $ | 129.5 | $ | 310.3 | $ | 389.9 | $ | 191 | $ | 1,020.70 | ||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
129.5 | 310.3 | 389.9 | 41.8 | 871.5 | ||||||||||||||||
Graitec SA | — | 73.4 | 73.4 | |||||||||||||||||
Goodwill acquired from other acquisitions | 12.8 | 32 | 22.2 | — | 67 | |||||||||||||||
Effect of foreign currency translation, purchase accounting adjustments and other | — | (0.5 | ) | (0.5 | ) | (1.0 | ) | (2.0 | ) | |||||||||||
Balance as of January 31, 2014 | ||||||||||||||||||||
Goodwill | 142.3 | 415.2 | 411.6 | 190 | 1,159.10 | |||||||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
$ | 142.3 | $ | 415.2 | $ | 411.6 | $ | 40.8 | $ | 1,009.90 | |||||||||||
The change in the carrying amount of goodwill during the year ended January 31, 2013 is as follows: | ||||||||||||||||||||
Platform | Architecture, | Manufacturing | Media and | Total | ||||||||||||||||
Solutions and | Engineering | Entertainment | ||||||||||||||||||
Emerging | and | |||||||||||||||||||
Business | Construction | |||||||||||||||||||
Balance as of January 31, 2012 | ||||||||||||||||||||
Goodwill | $ | 76.6 | $ | 247.7 | $ | 323.3 | $ | 184 | $ | 831.6 | ||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
76.6 | 247.7 | 323.3 | 34.8 | 682.4 | ||||||||||||||||
Vela Systems | — | 57.6 | — | — | 57.6 | |||||||||||||||
Socialcam | 23 | — | — | — | 23 | |||||||||||||||
Qontext | 24 | — | — | — | 24 | |||||||||||||||
PI-VR | — | — | 36.8 | — | 36.8 | |||||||||||||||
Goodwill acquired from other acquisitions | 5.6 | 4.3 | 29.2 | 7 | 46.1 | |||||||||||||||
Effect of foreign currency translation, purchase accounting adjustments and other | 0.3 | 0.7 | 0.6 | — | 1.6 | |||||||||||||||
Balance as of January 31, 2013 | ||||||||||||||||||||
Goodwill | 129.5 | 310.3 | 389.9 | 191 | 1,020.70 | |||||||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
$ | 129.5 | $ | 310.3 | $ | 389.9 | $ | 41.8 | $ | 871.5 | |||||||||||
Purchase accounting adjustments reflect revisions made to the Company’s preliminary purchase price allocations during fiscal 2014 and 2013. | ||||||||||||||||||||
Impairment of Long-Lived Assets | ||||||||||||||||||||
At least annually or more frequently as circumstances dictate, Autodesk reviews its long-lived assets for impairment whenever impairment indicators exist. Autodesk continually monitors events and changes in circumstances that could indicate the carrying amounts of its long-lived assets may not be recoverable. When such events or changes in circumstances occur, Autodesk assesses recoverability of these assets. Recoverability is measured by comparison of the carrying amounts of the assets to the future undiscounted cash flows the assets are expected to generate. If the long-lived assets are considered to be impaired, the impairment to be recognized is equal to the amount by which the carrying value of the assets exceeds its fair market value. There was no impairment of long-lived assets during the year ended January 31, 2014. In addition, Autodesk did not recognize any impairment of long-lived assets during the years ended January 31, 2013 and 2012. | ||||||||||||||||||||
In addition to the recoverability assessments, Autodesk routinely reviews the remaining estimated useful lives of its long-lived assets. Any reduction in the useful life assumption will result in increased depreciation and amortization expense in the quarter when such determinations are made, as well as in subsequent quarters. | ||||||||||||||||||||
Deferred Tax Assets | ||||||||||||||||||||
Deferred tax assets arise primarily from tax credits, net operating losses, and timing differences for reserves, accrued liabilities, stock options, purchased technologies and capitalized intangibles, partially offset by the establishment of U.S. deferred tax liabilities on unremitted earnings from certain foreign subsidiaries, deferred tax liabilities associated with tax method change on advance payments, and a valuation allowance against California and Canadian deferred tax assets. They are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce gross deferred tax assets to the amount “more likely than not” expected to be realized. | ||||||||||||||||||||
Revenue Recognition | ||||||||||||||||||||
Autodesk recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collection is probable. | ||||||||||||||||||||
For multiple element arrangements containing only software and software-related elements, Autodesk allocates the sales price among each of the deliverables using the residual method, under which revenue is allocated to undelivered elements based on their vendor-specific objective evidence (“VSOE”) of fair value. VSOE is the price charged when an element is sold separately or a price set by management with the relevant authority. If Autodesk does not have VSOE of an undelivered element, revenue recognition is deferred on the entire sales arrangement until all elements for which Autodesk does not have VSOE are delivered. If Autodesk does not have VSOE for undelivered maintenance or services, the revenue for the arrangement is recognized over the longest contractual service period in the arrangement. Revenue recognition for significant lines of business is discussed further below. | ||||||||||||||||||||
For multiple elements arrangements involving non-software elements, including cloud subscription services, our revenue recognition policy is based upon the accounting guidance contained in ASC 605, Revenue Recognition. For these arrangements, we first allocate the total arrangement consideration based on the relative selling prices of the software group of elements as a whole and to the non-software elements. We then further allocate consideration within the software group to the respective elements within that group using the residual method as described above. Autodesk exercises judgment and uses estimates in connection with the determination of the amount of revenue to be recognized in each accounting period. | ||||||||||||||||||||
Autodesk’s assessment of likelihood of collection is also a critical element in determining the timing of revenue recognition. If collection is not probable, the revenue will be deferred until the earlier of when collection is deemed probable or cash is received. | ||||||||||||||||||||
License and other revenue are comprised of two components: (1) all forms of product license revenue and (2) other revenue. | ||||||||||||||||||||
(1) All Forms of Product License Revenue | ||||||||||||||||||||
Product license revenue includes: software license revenue from the sale of new seat licenses and upgrades and product revenue for Creative Finishing. | ||||||||||||||||||||
(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. | ||||||||||||||||||||
Our Subscription revenue consists of two components: maintenance revenue for our software products and revenue for our cloud service offerings, including Autodesk 360. Our maintenance program provides our commercial and educational customers of perpetual products with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance program, customers are eligible to receive unspecified upgrades when and if available, downloadable training courses and online support. We recognize maintenance revenue ratably over the term of the maintenance agreement, which is generally between one and three years but can occasionally be as long as five years. Revenue for our cloud service offerings is recognized ratably over the contract term commencing with the date our service is made available to customers and all other revenue recognition criteria have been satisfied. | ||||||||||||||||||||
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 | ||||||||||||||||||||
The following table summarizes stock-based compensation expense for fiscal 2014, 2013 and 2012, respectively, as follows: | ||||||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Cost of license and other revenue | $ | 3.8 | $ | 3.7 | $ | 2.7 | ||||||||||||||
Cost of subscription | 2.2 | 1.5 | 1.2 | |||||||||||||||||
Marketing and sales | 58.6 | 64.3 | 48.3 | |||||||||||||||||
Research and development | 43.7 | 61.8 | 38.1 | |||||||||||||||||
General and administrative | 23.9 | 25 | 18.5 | |||||||||||||||||
Stock-based compensation expense related to stock awards and ESP Plan purchases | 132.2 | 156.3 | 108.8 | |||||||||||||||||
Tax benefit | (36.4 | ) | (35.5 | ) | (27.1 | ) | ||||||||||||||
Stock-based compensation expense related to stock awards and ESP Plan purchases, net | $ | 95.8 | $ | 120.8 | $ | 81.7 | ||||||||||||||
Autodesk determines the grant-date fair value of its share-based payment awards using a Black-Scholes Merton Option pricing model or the quoted stock price on the date of grant, unless the awards are subject to market conditions, in which case Autodesk uses a binomial-lattice model (e.g., Monte Carlo simulation model). The Monte Carlo simulation model utilizes multiple input variables to estimate the probability that market conditions will be achieved. Autodesk uses the following assumptions to estimate the fair value of stock-based awards: | ||||||||||||||||||||
Fiscal Year Ended | Fiscal Year Ended | Fiscal Year Ended | ||||||||||||||||||
January 31, 2014 | January 31, 2013 | January 31, 2012 | ||||||||||||||||||
Performance Stock Unit (1) | ESP Plan | Stock Option (2) | ESP Plan | Stock Option (2) | ESP Plan | |||||||||||||||
Range of expected volatilities | 34% | 27 - 36% | 41 - 45% | 41 - 44% | 40 - 49% | 34 - 44% | ||||||||||||||
Range of expected lives (in years) | N/A | 0.5 - 2.0 | 3.6 - 4.6 | 0.5 - 2.0 | 2.6 - 4.8 | 0.5 - 2.0 | ||||||||||||||
Expected dividends | —% | —% | —% | —% | —% | —% | ||||||||||||||
Range of risk-free interest rates | 0.10% | 0.1 - 0.4% | 0.5 - 0.8% | 0.1 - 0.3% | 0.5 - 1.9% | 0.1 - 0.8% | ||||||||||||||
Expected forfeitures | 7.2 - 7.7% | 7.2 - 7.7% | 7.7 - 7.8% | 7.7 - 7.8% | 7.8 - 10.5% | 7.8 - 10.5% | ||||||||||||||
_______________ | ||||||||||||||||||||
-1 | Autodesk did not grant PSUs in fiscal 2013 and 2012 that were subject to market conditions. | |||||||||||||||||||
-2 | Autodesk did not grant stock options in fiscal 2014. | |||||||||||||||||||
Autodesk estimates expected volatility for stock-based awards based on the average of the following two measures. The first is a measure of historical volatility in the trading market for the Company’s common stock, and the second is the implied volatility of traded forward call options to purchase shares of the Company’s common stock. The expected volatility for PSUs subject to market conditions includes the expected volatility of Autodesk's peer companies within the S&P Computer Software Select Index. | ||||||||||||||||||||
Autodesk estimates the expected life of stock-based awards using both exercise behavior and post-vesting termination behavior as well as consideration of outstanding options. | ||||||||||||||||||||
Autodesk did not pay cash dividends in fiscal 2014, 2013 or 2012 and does not anticipate paying any cash dividends in the foreseeable future. Consequently, an expected dividend yield of zero is used in the Black-Scholes-Merton option pricing model and the Monte Carlo simulation model. | ||||||||||||||||||||
The risk-free interest rate used in the Black-Scholes-Merton option pricing model and the Monte Carlo simulation model for stock-based awards is the historical yield on U.S. Treasury securities with equivalent remaining lives. | ||||||||||||||||||||
Autodesk recognizes expense only for the stock-based awards that are ultimately expected to vest. Therefore, Autodesk has developed an estimate of the number of awards expected to cancel prior to vesting (“forfeiture rate”). The forfeiture rate is estimated based on historical pre-vest cancellation experience and is applied to all stock-based awards. The Company estimates forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ from those estimates. | ||||||||||||||||||||
Advertising Expenses | ||||||||||||||||||||
Advertising costs are expensed as incurred. Total advertising expenses incurred were $15.6 million in fiscal 2014, $15.6 million in fiscal 2013 and $21.3 million in fiscal 2012. | ||||||||||||||||||||
Net Income Per Share | ||||||||||||||||||||
Basic net income per share is computed based on the weighted average number of shares of common stock outstanding for the period, excluding stock options and restricted stock units. Diluted net income per share is computed based upon the weighted average shares of common shares outstanding for the period and potentially dilutive common shares, including the effect of stock options and restricted stock units under the treasury stock method. | ||||||||||||||||||||
Accounting Standards in Fiscal 2014 | ||||||||||||||||||||
With the exception of those discussed below, there have been no recent changes in accounting pronouncements issued by the FASB or adopted by the Company during the fiscal year ended January 31, 2014, that are of significance, or potential significance, to the Company. | ||||||||||||||||||||
Accounting Standards Adopted | ||||||||||||||||||||
Effective February 1, 2013, Autodesk adopted FASB's Accounting Standards Update (“ASU”) 2013-02, Comprehensive Income (Topic 220) - Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires additional disclosure about the changes in the components of accumulated other comprehensive income, including amounts reclassified and amounts due to current period other comprehensive income. The adoption of this standard did not impact the Company's financial condition, results of operations or cash flows. | ||||||||||||||||||||
Effective February 1, 2013, Autodesk adopted FASB's ASU 2011-11 and ASU 2013-01 regarding ASC Topic 210 “Balance Sheet: Disclosure about Offsetting Assets and Liabilities.” This ASU requires that entities disclose additional information about offsetting and related arrangements to enable users of the financial statements to understand the effect of those arrangements on the financial position. The adoption of this standard did not impact the Company's financial condition, results of operations or cash flows. | ||||||||||||||||||||
Recently Issued Accounting Standards | ||||||||||||||||||||
In July 2013, the FASB issued ASU 2013-11 regarding ASC Topic 740 “Income Tax.” This ASU clarifies the guidance on the presentation of an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. This ASU will be effective for Autodesk's fiscal year beginning February 1, 2014. Early adoption is permitted. At this time, Autodesk expects that the adoption of this ASU will impact the presentation of tax assets and liabilities on the statement of financial position, but will not impact its consolidated financial position, results of operations or cash flows. |
Financial_Instruments
Financial Instruments | 12 Months Ended | ||||||||||||||||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||||||||||||||||
Investments, All Other Investments [Abstract] | ' | ||||||||||||||||||||||||||||||
Financial Instruments | ' | ||||||||||||||||||||||||||||||
Financial Instruments | |||||||||||||||||||||||||||||||
The following tables summarizes the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of January 31, 2014 and 2013. | |||||||||||||||||||||||||||||||
January 31, 2014 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross unrealized gains | Gross unrealized losses | Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
Cash equivalents (1): | |||||||||||||||||||||||||||||||
Certificates of deposit and time deposits | $ | 280.7 | $ | — | $ | — | $ | 280.7 | $ | 30.4 | $ | 250.3 | $ | — | |||||||||||||||||
Municipal securities | 2 | — | — | 2 | 2 | — | — | ||||||||||||||||||||||||
Commercial paper | 280.5 | — | — | 280.5 | — | 280.5 | — | ||||||||||||||||||||||||
Money market funds | 262.8 | — | — | 262.8 | — | 262.8 | — | ||||||||||||||||||||||||
Marketable securities: | |||||||||||||||||||||||||||||||
Short-term available for sale | |||||||||||||||||||||||||||||||
Commercial paper and corporate debt securities | 261 | — | — | 261 | 95.4 | 165.6 | — | ||||||||||||||||||||||||
Time deposits | 37.1 | — | — | 37.1 | — | 37.1 | — | ||||||||||||||||||||||||
U.S. government agency securities | 11.3 | — | — | 11.3 | 11.3 | — | — | ||||||||||||||||||||||||
Agency bond | 42.7 | — | — | 42.7 | 42.7 | — | — | ||||||||||||||||||||||||
Municipal securities | 11.7 | — | — | 11.7 | 11.7 | — | — | ||||||||||||||||||||||||
Other (2) | 11.4 | — | — | 11.4 | 11.4 | — | — | ||||||||||||||||||||||||
Short-term trading securities | |||||||||||||||||||||||||||||||
Mutual funds | 35.6 | 3.3 | — | 38.9 | 38.9 | — | — | ||||||||||||||||||||||||
Long-term available for sale | |||||||||||||||||||||||||||||||
Corporate debt securities | 179.7 | 0.7 | (0.1 | ) | 180.3 | 180.3 | — | — | |||||||||||||||||||||||
Agency bond | 43.3 | 0.1 | — | 43.4 | 43.4 | — | — | ||||||||||||||||||||||||
U.S. government agency securities | 9.8 | — | — | 9.8 | 9.8 | — | — | ||||||||||||||||||||||||
Municipal securities | 43.5 | 0.3 | — | 43.8 | 43.8 | — | — | ||||||||||||||||||||||||
Convertible debt securities (3) | 21.4 | 3.2 | (4.4 | ) | 20.2 | — | — | 20.2 | |||||||||||||||||||||||
Derivative contracts (4) | 10.8 | 14.8 | (6.0 | ) | 19.6 | — | 10.5 | 9.1 | |||||||||||||||||||||||
Total | $ | 1,545.30 | $ | 22.4 | $ | (10.5 | ) | $ | 1,557.20 | $ | 521.1 | $ | 1,006.80 | $ | 29.3 | ||||||||||||||||
____________________ | |||||||||||||||||||||||||||||||
-1 | Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-2 | Consists of agency discount notes, U.S. treasury bills, and other short-term securities. | ||||||||||||||||||||||||||||||
-3 | Considered "available for sale" and included in "Other assets" in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-4 | Included in “Prepaid expenses and other current assets,” "Other assets," or “Other accrued liabilities” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
January 31, 2013 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross unrealized gains | Gross unrealized losses | Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
Cash equivalents (1): | |||||||||||||||||||||||||||||||
Certificates of deposit and time deposits | $ | 392.4 | $ | — | $ | — | $ | 392.4 | $ | 17.2 | $ | 375.2 | $ | — | |||||||||||||||||
Corporate Bond | 1.8 | — | — | 1.8 | 1.8 | — | — | ||||||||||||||||||||||||
Commercial paper | 263.3 | — | — | 263.3 | — | 263.3 | — | ||||||||||||||||||||||||
Money market funds | 596.3 | — | — | 596.3 | — | 596.3 | — | ||||||||||||||||||||||||
Marketable securities: | |||||||||||||||||||||||||||||||
Short-term available for sale | |||||||||||||||||||||||||||||||
Commercial paper and corporate debt securities | 122.9 | 0.1 | — | 123 | 40.4 | 82.6 | — | ||||||||||||||||||||||||
Certificates of deposit and time deposits | 15.1 | — | — | 15.1 | 10 | 5.1 | — | ||||||||||||||||||||||||
U.S. treasury securities | 83.3 | — | — | 83.3 | 83.3 | — | — | ||||||||||||||||||||||||
U.S. government agency securities | 79.5 | — | — | 79.5 | 79.5 | — | — | ||||||||||||||||||||||||
Sovereign debt | 1 | — | — | 1 | — | 1 | — | ||||||||||||||||||||||||
Municipal securities | 4.6 | — | — | 4.6 | 4.6 | — | — | ||||||||||||||||||||||||
Other | 0.3 | — | — | 0.3 | 0.3 | — | — | ||||||||||||||||||||||||
Short-term trading securities | |||||||||||||||||||||||||||||||
Mutual funds | 31.1 | 4.2 | — | 35.3 | 35.3 | — | — | ||||||||||||||||||||||||
Long-term available for sale | |||||||||||||||||||||||||||||||
Corporate debt securities | 172.1 | 1.4 | — | 173.5 | 173.5 | — | — | ||||||||||||||||||||||||
U.S. treasury securities | 145.2 | 0.1 | — | 145.3 | 145.3 | — | — | ||||||||||||||||||||||||
U.S. government agency securities | 50.8 | 0.2 | — | 51 | 51 | — | — | ||||||||||||||||||||||||
Municipal securities | 36 | 0.1 | — | 36.1 | 36.1 | — | — | ||||||||||||||||||||||||
Sovereign debt | 1 | — | — | 1 | — | 1 | — | ||||||||||||||||||||||||
Taxable auction-rate securities | 4.2 | — | — | 4.2 | — | — | 4.2 | ||||||||||||||||||||||||
Convertible Debt Securities (2) | 18.1 | 1.6 | (2.2 | ) | 17.5 | — | — | 17.5 | |||||||||||||||||||||||
Derivative contracts (3) | 10.2 | 9.2 | (5.9 | ) | 13.5 | — | 2.8 | 10.7 | |||||||||||||||||||||||
Total | $ | 2,029.20 | $ | 16.9 | $ | (8.1 | ) | $ | 2,038.00 | $ | 678.3 | $ | 1,327.30 | $ | 32.4 | ||||||||||||||||
____________________ | |||||||||||||||||||||||||||||||
-1 | Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-2 | Considered "available for sale" securities and included in "Other assets" in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-3 | Included in “Prepaid expenses and other current assets,” "Other assets," or “Other accrued liabilities” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
Autodesk classifies its marketable securities as either short-term or long-term based on each instrument’s underlying contractual maturity date. Marketable securities with remaining maturities of less than 12 months are classified as short-term and marketable securities with remaining maturities greater than 12 months are classified as long-term. Autodesk may sell certain of its marketable securities prior to their stated maturities for strategic purposes or in anticipation of credit deterioration. | |||||||||||||||||||||||||||||||
Autodesk applies fair value accounting for certain financial assets and liabilities, which consist of cash equivalents, marketable securities and other financial instruments, on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and (Level 3) unobservable inputs for which there is little or no market data, which require Autodesk to develop its own assumptions. When determining fair value, Autodesk uses observable market data and relies on unobservable inputs only when observable market data is not available. There have been no transfers between fair value measurement levels during the year ended January 31, 2014. | |||||||||||||||||||||||||||||||
Autodesk's cash equivalents, marketable securities and financial instruments are primarily classified within Level 1 or Level 2 of the fair value hierarchy. Autodesk values it's available for sale securities on pricing from pricing vendors, who may use quoted prices in active markets for identical assets (Level 1) or inputs other than quoted prices that are observable either directly or indirectly in determining fair value (Level 2). Autodesk's Level 2 securities are valued primarily using observable inputs other than quoted prices in active markets for identical assets and liabilities. Autodesk's Level 3 securities consist of investments held in auction rate securities, convertible debt securities and derivative contracts which are valued using probability weighted discounted cash flow models and some of the inputs to the models are unobservable in the market. | |||||||||||||||||||||||||||||||
A reconciliation of the change in Autodesk’s Level 3 items for the fiscal years ended January 31, 2014 and 2013 was as follows: | |||||||||||||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||||||||||||
Significant Unobservable Inputs | |||||||||||||||||||||||||||||||
(Level 3) | |||||||||||||||||||||||||||||||
Derivative Contracts | Convertible Debt Securities | Taxable | Total | ||||||||||||||||||||||||||||
Auction-Rate | |||||||||||||||||||||||||||||||
Securities | |||||||||||||||||||||||||||||||
Balance at January 31, 2012 | $ | 6.2 | $ | 18.3 | $ | 4.2 | $ | 28.7 | |||||||||||||||||||||||
Purchases | 2 | 7 | — | 9 | |||||||||||||||||||||||||||
Settlements | (1.3 | ) | (7.2 | ) | — | (8.5 | ) | ||||||||||||||||||||||||
Total unrealized gains (losses) | 3.8 | (0.6 | ) | — | 3.2 | ||||||||||||||||||||||||||
Balance at January 31, 2013 | 10.7 | 17.5 | 4.2 | 32.4 | |||||||||||||||||||||||||||
Purchases | 1.3 | 3.1 | — | 4.4 | |||||||||||||||||||||||||||
Settlements | — | — | (4.0 | ) | (4.0 | ) | |||||||||||||||||||||||||
Net realized losses | — | — | (0.2 | ) | (0.2 | ) | |||||||||||||||||||||||||
Total unrealized (losses) | (2.9 | ) | (0.4 | ) | — | (3.3 | ) | ||||||||||||||||||||||||
Balance at January 31, 2014 | $ | 9.1 | $ | 20.2 | $ | — | $ | 29.3 | |||||||||||||||||||||||
The following table summarizes the estimated fair value of Autodesk's “available-for-sale securities” classified by the contractual maturity date of the security: | |||||||||||||||||||||||||||||||
January 31, 2014 | |||||||||||||||||||||||||||||||
Cost | Fair Value | ||||||||||||||||||||||||||||||
Due in 1 year | $ | 375.2 | $ | 375.2 | |||||||||||||||||||||||||||
Due in 1 year through 5 years | 297.7 | 297.5 | |||||||||||||||||||||||||||||
Due in 5 years through 10 years | — | — | |||||||||||||||||||||||||||||
Due after 10 years | — | — | |||||||||||||||||||||||||||||
Total | $ | 672.9 | $ | 672.7 | |||||||||||||||||||||||||||
As of January 31, 2014 and 2013, Autodesk did not have any securities in a continuous unrealized loss position for greater than twelve months. | |||||||||||||||||||||||||||||||
Autodesk also has direct investments in privately held companies accounted for under the cost method, which are periodically assessed for other-than-temporary impairment. If Autodesk determines that an other-than-temporary impairment has occurred, Autodesk writes down the investment to its fair value. Autodesk estimates fair value of its cost method investments considering available information such as pricing in recent rounds of financing, current cash positions, earnings and cash flow forecasts, recent operational performance and any other readily available market data. During fiscal 2014, Autodesk recorded no other-than-temporary impairment on its privately held equity investments. During fiscal 2013, Autodesk recorded a $10.5 million other-than-temporary impairment on its privately held equity investments.The impairment expense was recorded in “Interest and other (expense) income, net” on the Company's Consolidated Statement of Operations. | |||||||||||||||||||||||||||||||
The sales or settlement of “available-for-sale securities” in fiscal 2014 and fiscal 2013 resulted in a loss of $0.2 million and a gain of $5.0 million, respectively. The sales or redemptions of “available-for-sale securities” in fiscal 2012 resulted in no gains or losses. The losses and gains were recorded in "Interest and other (expense) income, net" on the Company's Condensed Consolidated Statement of Operations. | |||||||||||||||||||||||||||||||
Proceeds from the sale and maturity of marketable securities for fiscal 2014 and fiscal 2013 were $1,279.1 million and $1,097.7 million, respectively. | |||||||||||||||||||||||||||||||
Derivative Financial Instruments | |||||||||||||||||||||||||||||||
Under its risk management strategy, Autodesk uses derivative instruments to manage its short-term exposures to fluctuations in foreign currency exchange rates which exist as part of ongoing business operations. Autodesk's general practice is to hedge a portion of transaction exposures denominated in euros, Japanese yen, Swiss francs, British pounds, Canadian dollars and Australian dollars. These instruments have maturities between one to twelve months in the future. Autodesk does not enter into derivative instrument transactions for trading or speculative purposes. | |||||||||||||||||||||||||||||||
The bank counterparties in all contracts expose Autodesk to credit-related losses in the event of their nonperformance. However, to mitigate that risk, Autodesk only contracts with counterparties who meet the Company's minimum requirements under its counterparty risk assessment process. Autodesk monitors ratings, credit spreads and potential downgrades on at least a quarterly basis. Based on Autodesk's on-going assessment of counterparty risk, the Company will adjust its exposure to various counterparties. Autodesk generally enters into master netting arrangements, which reduce credit risk by permitting net settlement of transactions with the same counterparty. However, Autodesk does not have any master netting arrangements in place with collateral features. | |||||||||||||||||||||||||||||||
Foreign currency contracts designated as cash flow hedges | |||||||||||||||||||||||||||||||
Autodesk uses foreign currency contracts to reduce the exchange rate impact on a portion of the net revenue or operating expense of certain anticipated transactions. These contracts are designated and documented as cash flow hedges. The effectiveness of the cash flow hedge contracts is assessed quarterly using regression analysis as well as other timing and probability criteria. To receive cash flow hedge accounting treatment, all hedging relationships are formally documented at the inception of the hedge and the hedges are expected to be highly effective in offsetting changes to future cash flows on hedged transactions. The gross gains and losses on these hedges are included in “Accumulated other comprehensive (loss)” and are reclassified into earnings at the time the forecasted revenue or expense is recognized. In the event the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, Autodesk reclassifies the gain or loss on the related cash flow hedge from “Accumulated other comprehensive (loss)” to “Interest and other (expense) income, net” in the Company's Consolidated Financial Statements at that time. | |||||||||||||||||||||||||||||||
The net notional amount of these contracts are presented net settled and were $351.7 million at January 31, 2014 and $359.8 million at January 31, 2013. Outstanding contracts are recognized as either assets or liabilities on the balance sheet at fair value. The majority of the net gain of $3.5 million remaining in “Accumulated other comprehensive (loss)” as of January 31, 2014 is expected to be recognized into earnings within the next twelve months. | |||||||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | |||||||||||||||||||||||||||||||
Autodesk uses foreign currency contracts which are not designated as hedging instruments to reduce the exchange rate risk associated primarily with foreign currency denominated receivables and payables. These forward contracts are marked-to-market at the end of each fiscal quarter with gains and losses recognized as “Interest and other (expense) income, net.” These derivative instruments do not subject the Company to material balance sheet risk due to exchange rate movements because gains and losses on these derivative instruments are intended to offset the gains or losses resulting from the settlement of the underlying foreign currency denominated receivables and payables. The net notional amounts of these foreign currency contracts are presented net settled and were $205.5 million at January 31, 2014 and $78.4 million at January 31, 2013. | |||||||||||||||||||||||||||||||
From time to time and consistent with its risk management policy, Autodesk also uses derivative instruments to hedge its economic exposure related to committed, in-process acquisitions priced in foreign currency. Such derivatives do not qualify for hedge accounting and are marked-to-market through earnings, with any gain or loss reflected immediately in “Interest and other (expense) income, net,” in each period. | |||||||||||||||||||||||||||||||
In addition to these foreign currency contracts, Autodesk holds derivative instruments issued by privately held companies, which are not designated as hedging instruments. These derivatives consist of certain conversion options on the convertible debt securities held by Autodesk and an option to acquire a privately held company. These derivatives are recorded at fair value as of each balance sheet date and are recorded in “Other assets.” Changes in the fair values of these instruments are recognized in income as “Interest and other (expense) income, net.” | |||||||||||||||||||||||||||||||
Fair Value of Derivative Instruments: | |||||||||||||||||||||||||||||||
The fair value of derivative instruments in Autodesk’s Consolidated Balance Sheets were as follows as of January 31, 2014 and January 31, 2013: | |||||||||||||||||||||||||||||||
Balance Sheet Location | Fair Value at | ||||||||||||||||||||||||||||||
January 31, 2014 | January 31, 2013 | ||||||||||||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||||||||||||
Foreign currency contracts designated as cash flow hedges | Prepaid expenses and other current assets (1) | $ | 4.4 | $ | 6.7 | ||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | Prepaid expenses and other current assets and Other assets | 16.9 | 10.7 | ||||||||||||||||||||||||||||
Total derivative assets | $ | 21.3 | $ | 17.4 | |||||||||||||||||||||||||||
Derivative Liabilities | |||||||||||||||||||||||||||||||
Foreign currency contracts designated as cash flow hedges | Other accrued liabilities (2) | $ | 1.7 | $ | 3.9 | ||||||||||||||||||||||||||
Total derivative liabilities | $ | 1.7 | $ | 3.9 | |||||||||||||||||||||||||||
____________________ | |||||||||||||||||||||||||||||||
-1 | Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $5.9 million and $8.2 million at January 31, 2014 and January 31, 2013, respectively. | ||||||||||||||||||||||||||||||
-2 | Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $3.2 million and $5.4 million at January 31, 2014 and January 31, 2013, respectively. | ||||||||||||||||||||||||||||||
The effects of derivatives designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2014 and 2013, respectively (amounts presented include any income tax effects): | |||||||||||||||||||||||||||||||
Foreign Currency Contracts | |||||||||||||||||||||||||||||||
Fiscal Year Ended | |||||||||||||||||||||||||||||||
January 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Amount of gain recognized in Accumulated other comprehensive income on derivatives (effective portion) | $ | 12.2 | $ | 5.1 | |||||||||||||||||||||||||||
Amount and Location of Gain (Loss) Reclassified from Accumulated other comprehensive income into Income (Effective Portion) | |||||||||||||||||||||||||||||||
Net revenue | $ | 13.1 | $ | 16 | |||||||||||||||||||||||||||
Operating expenses | (1.6 | ) | (4.6 | ) | |||||||||||||||||||||||||||
Total | $ | 11.5 | $ | 11.4 | |||||||||||||||||||||||||||
Amount and Location of (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) | |||||||||||||||||||||||||||||||
Interest and other (expense) income, net | $ | (0.1 | ) | $ | (0.2 | ) | |||||||||||||||||||||||||
The effects of derivatives not designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2014 and 2013, respectively (amounts presented include any income tax effects): | |||||||||||||||||||||||||||||||
Foreign Exchange | |||||||||||||||||||||||||||||||
Contracts | |||||||||||||||||||||||||||||||
Fiscal Year Ended | |||||||||||||||||||||||||||||||
January 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Amount and Location of Gain Recognized in Income on Derivative | |||||||||||||||||||||||||||||||
Interest and other (expense) income, net | $ | 12.8 | $ | 1.5 | |||||||||||||||||||||||||||
Employee_and_Director_Stock_Pl
Employee and Director Stock Plans | 12 Months Ended | |||||||||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||||||
Stock-based Compensation Expense | ' | |||||||||||||||||||||||||
Employee and Director Stock Plans | ||||||||||||||||||||||||||
Stock Plans | ||||||||||||||||||||||||||
As of January 31, 2014, Autodesk maintained two active stock plans for the purpose of granting equity awards to employees and to non-employee members of Autodesk’s Board of Directors: the 2012 Employee Stock Plan (“2012 Employee Plan”), which is available only to employees, and the Autodesk 2012 Outside Directors’ Stock Plan (“2012 Directors' Plan”), which is available only to non-employee directors. Additionally, there are eight expired or terminated plans with options outstanding. The exercise price of all stock options granted under these plans was equal to the fair market value of the stock on the grant date. | ||||||||||||||||||||||||||
The 2012 Employee Plan was approved by Autodesk's stockholders and became effective on January 6, 2012. On January 14, 2014, Autodesk's stockholders approved amendments to the 2012 Employee Plan, which increased the number of shares reserved for issuance under the plan by 11.4 million shares and added additional performance goals to the plan. The 2012 Employee Plan replaced the 2008 Employee Stock Plan, as amended ("2008 Plan") and no further equity awards may be granted under the 2008 Plan. The 2012 Employee Plan reserves up to 32.6 million shares which includes 26.6 million shares reserved under the 2012 Employee Plan, as well as up to 6.0 million shares forfeited under certain prior employee stock plans during the life of the 2012 Employee Plan. The 2012 Employee Plan permits the grant of stock options, restricted stock units and restricted stock awards. Each restricted stock unit or restricted stock award granted will be counted against the shares authorized for issuance under the 2012 Employee Plan as 1.79 shares. If a granted option, restricted stock unit or restricted stock award expires or becomes unexercisable for any reason, the unpurchased or forfeited shares that were granted may be returned to the 2012 Employee Plan and may become available for future grant under the 2012 Employee Plan. As of January 31, 2014, 14.1 million shares subject to options or restricted stock awards have been granted under the 2012 Employee Plan. Options and restricted stock that were granted under the 2012 plan vest over periods ranging from immediately upon grant to over a three year period and options expire 10 years from the date of grant. The 2012 Employee Plan will expire on June 30, 2022. At January 31, 2014, 19.4 million shares were available for future issuance under the 2012 Employee Plan. | ||||||||||||||||||||||||||
The 2012 Director's Plan was approved by Autodesk's stockholders and became effective on January 6, 2012. The 2012 Directors' Plan replaced the 2010 Outside Directors' Stock Plan, as amended ("2010 Plan"). The 2012 Directors' Plan permits the grant of stock options, restricted stock units and restricted stock awards to non-employee members of Autodesk’s Board of Directors. Each restricted stock unit or restricted stock award granted will be counted against the shares authorized for issuance under the 2012 Directors' Plan as 2.11 shares. As of January 31, 2014, 0.4 million shares subject to restricted stock unit awards have been granted under the 2012 Directors' Plan. Restricted stock units that were granted under the 2012 Outside Directors' Plan vest over one to three years from the date of grant. The 2012 Directors' Plan reserved 2.6 million shares of Autodesk common stock. The 2012 Directors' Plan will expire on June 30, 2022. At January 31, 2014, 2.2 million shares were available for future issuance under the 2012 Director's Plan. | ||||||||||||||||||||||||||
The following sections summarize activity under Autodesk’s stock plans. | ||||||||||||||||||||||||||
Stock Options: | ||||||||||||||||||||||||||
A summary of stock option activity for the fiscal year ended January 31, 2014 is as follows: | ||||||||||||||||||||||||||
Number of | Weighted average exercise price per share | Weighted | Aggregate Intrinsic Value (3) | |||||||||||||||||||||||
Shares | average remaining contractual term | |||||||||||||||||||||||||
(in millions) | (in years) | (in millions) | ||||||||||||||||||||||||
Options outstanding at January 31, 2013 | 19 | $ | 32.69 | |||||||||||||||||||||||
Granted (1) | — | — | ||||||||||||||||||||||||
Exercised | (9.2 | ) | 27.08 | |||||||||||||||||||||||
Canceled/Forfeited | (3.9 | ) | 44.67 | |||||||||||||||||||||||
Options outstanding at January 31, 2014 | 5.9 | $ | 33.54 | 4.8 | $ | 105.3 | ||||||||||||||||||||
Options vested and exercisable at January 31, 2014 | 4 | $ | 30.98 | 4 | $ | 80.3 | ||||||||||||||||||||
Options vested and exercisable as of January 31, 2014 and expected to vest thereafter (2) | 5.9 | $ | 33.52 | 4.8 | $ | 105 | ||||||||||||||||||||
Options available for grant at January 31, 2014 | 21.6 | |||||||||||||||||||||||||
_______________ | ||||||||||||||||||||||||||
-1 | Autodesk did not grant stock options in the twelve months ended January 31, 2014. | |||||||||||||||||||||||||
-2 | Options expected to vest reflect an estimated forfeiture rate. | |||||||||||||||||||||||||
-3 | Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $51.25 per share as of January 31, 2014, which would have been received by the option holders had all option holders exercised their options as of that date. | |||||||||||||||||||||||||
As of January 31, 2014, compensation cost of $8.2 million related to non-vested options is expected to be recognized over a weighted average period of 0.5 year. | ||||||||||||||||||||||||||
The following table summarizes information about the pre-tax intrinsic value of options exercised and the weighted average grant date fair value per share of options granted during the fiscal years ended January 31, 2014, 2013 and 2012: | ||||||||||||||||||||||||||
Fiscal year ended | ||||||||||||||||||||||||||
January 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||||||
Intrinsic value of options exercised (1) | $ | 149 | $ | 90.9 | $ | 85.7 | ||||||||||||||||||||
Weighted average grant date fair value per share of stock options granted (2) | $ | — | $ | 13.39 | $ | 14.04 | ||||||||||||||||||||
—————— | ||||||||||||||||||||||||||
-1 | The intrinsic value of options exercised is calculated as the difference between the exercise price of the option and the market value of the stock on the date of exercise. | |||||||||||||||||||||||||
-2 | The weighted average grant date fair value per share of stock options granted is calculated, as of the stock option grant date, using the BSM option pricing model. For the twelve months ended January 31, 2014, Autodesk did not grant stock options. | |||||||||||||||||||||||||
The following table summarizes information about options vested and exercisable, and outstanding at January 31, 2014: | ||||||||||||||||||||||||||
Options Vested and Exercisable | Options Outstanding | |||||||||||||||||||||||||
Number of | Weighted | Weighted | Aggregate | Number of | Weighted | Weighted | Aggregate | |||||||||||||||||||
Shares | average | average | intrinsic | Shares | average | average | intrinsic | |||||||||||||||||||
(in millions) | contractual | exercise | value(1) | (in millions) | contractual | exercise | value(1) | |||||||||||||||||||
life | price per share | (in millions) | life | price per share | (in millions) | |||||||||||||||||||||
(in years) | (in years) | |||||||||||||||||||||||||
Range of per-share exercise prices: | ||||||||||||||||||||||||||
$2.28 - $29.49 | 1.8 | $ | 22.73 | 2.1 | $ | 23.51 | ||||||||||||||||||||
$29.50 - $38.08 | 0.9 | 32.75 | 1.2 | 32.46 | ||||||||||||||||||||||
$38.55 - $38.55 | 0.1 | 38.55 | 0.1 | 38.55 | ||||||||||||||||||||||
$41.62 - $41.62 | 0.9 | 41.62 | 2 | 41.62 | ||||||||||||||||||||||
$42.39 - $43.81 | 0.3 | 43.8 | 0.5 | 43.79 | ||||||||||||||||||||||
4 | 4 | $ | 30.98 | $ | 80.3 | 5.9 | 4.8 | $ | 33.54 | $ | 105.3 | |||||||||||||||
____________________ | ||||||||||||||||||||||||||
-1 | Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $51.25 per share as of January 31, 2014, which would have been received by the option holders had all option holders exercised their options as of that date. | |||||||||||||||||||||||||
These options will expire if not exercised at specific dates ranging through September 2022. | ||||||||||||||||||||||||||
Restricted Stock: | ||||||||||||||||||||||||||
A summary of restricted stock unit activity for the fiscal year ended January 31, 2014 is as follows: | ||||||||||||||||||||||||||
Unreleased | Weighted | |||||||||||||||||||||||||
Restricted | average grant | |||||||||||||||||||||||||
Stock Units | date fair value | |||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||
Unreleased restricted stock units at January 31, 2013 | 5,020.80 | $ | 33.89 | |||||||||||||||||||||||
Granted | 4,077.10 | 42.37 | ||||||||||||||||||||||||
Released | (2,146.1 | ) | 34.37 | |||||||||||||||||||||||
Canceled/Forfeited | (422.0 | ) | 35.58 | |||||||||||||||||||||||
Performance Adjustment (1) | (14.2 | ) | 35.95 | |||||||||||||||||||||||
Unreleased restricted stock units at January 31, 2014 | 6,515.60 | $ | 39.15 | |||||||||||||||||||||||
_______________ | ||||||||||||||||||||||||||
-1 | Based on Autodesk's financial results for the performance period, the fiscal 2013 performance stock units were earned at 92.3% of the target award. The vesting of the performance stock units is subject to the holders satisfying the remaining service condition of the awards. | |||||||||||||||||||||||||
For the restricted stock units granted during fiscal years ended January 31, 2014, 2013 and 2012, the weighted average grant date fair value was $42.37, $33.32 and $37.07, respectively. The grant date fair value of the shares vested during fiscal years ended January 31, 2014, 2013 and 2012 was $73.8 million, $33.6 million and $18.4 million, respectively. | ||||||||||||||||||||||||||
During the fiscal year ended January 31, 2014, Autodesk granted 3.5 million restricted stock units. The restricted stock units vest over periods ranging from immediately upon grant to a pre-determined date that is typically within three years from the date of grant. Restricted stock units are not considered outstanding stock at the time of grant, as the holders of these units are not entitled to any of the rights of a stockholder, including voting rights. The fair value of the restricted stock units is expensed ratably over the vesting period. Autodesk recorded stock-based compensation expense related to restricted stock units of $74.9 million, $70.5 million and $29.1 million during fiscal years ended January 31, 2014, 2013 and 2012, respectively. Included in the $70.5 million incurred in fiscal 2013, Autodesk incurred $16.6 million relating to the acceleration of vesting of equity awards held in Socialcam for Socialcam employees immediately prior to the acquisition. As of January 31, 2014, total compensation cost not yet recognized of $152.4 million related to non-vested awards, is expected to be recognized over a weighted average period of 1.9 years. At January 31, 2014, the number of restricted stock units granted but unreleased was 5.7 million. | ||||||||||||||||||||||||||
During the fiscal year ended January 31, 2014, Autodesk granted 0.5 million performance stock units ("PSUs") for which the ultimate number of shares earned is determined based on the achievement of performance criteria at the end of the stated performance period. The performance criteria is based upon annual revenue and non-GAAP operating margin goals adopted by the Compensation and Human Resource Committee (the “Annual Financial Results”), as well as total stockholder return compared against the S&P Computer Software Select Index (“Relative TSR”). Each PSU covers a three year period: | ||||||||||||||||||||||||||
• | Up to one third of the PSU may vest following year one depending upon the achievement of Annual Financial Results for year one as well as 1 year Relative TSR (covering year one). | |||||||||||||||||||||||||
• | Up to one third of the PSU may vest following year two depending upon the achievement of Annual Financial Results for year two as well as 2 year Relative TSR (covering years one and two). | |||||||||||||||||||||||||
• | Up to one third of the PSU may vest following year three depending upon the achievement of Annual Financial Results for year three as well as 3 year Relative TSR (covering years one, two and three). | |||||||||||||||||||||||||
PSUs are not considered outstanding stock at the time of grant, as the holders of these units are not entitled to any of the rights of a stockholder, including voting rights. Autodesk has determined the grant-date fair value for these awards using a Monte Carlo simulation model since the awards are subject to a market condition. The fair value of the performance restricted stock units is expensed using the accelerated attribution method over the vesting period. Autodesk recorded stock-based compensation expense related to PSUs of $8.7 million and $8.1 million during fiscal year ended January 31, 2014 and 2013, respectively. Autodesk did not grant PSUs during the fiscal year ended January 31, 2012. As of January 31, 2014, total compensation cost not yet recognized of $2.3 million related to non-vested PSUs, is expected to be recognized over a weighted average period of 0.9 years. At January 31, 2014, the number of PSUs granted but unreleased was 0.8 million. | ||||||||||||||||||||||||||
1998 Employee Qualified Stock Purchase Plan (“ESP Plan”) | ||||||||||||||||||||||||||
Under Autodesk’s ESP Plan, which was approved by stockholders in 1998, eligible employees may purchase shares of Autodesk’s common stock at their discretion using up to 15% of their eligible compensation subject to certain limitations, at not less than 85% of fair market value as defined in the ESP Plan. At January 31, 2014, a total of 38.1 million shares were available for future issuance. This amount automatically increases on the first trading day of each fiscal year by an amount equal to the lesser of 10.0 million shares or 2% of the total of (1) outstanding shares plus (2) any shares repurchased by Autodesk during the prior fiscal year. Under the ESP Plan, the Company issues shares on the first trading day following March 31 and September 30 of each fiscal year. The ESP Plan expires during fiscal 2018. | ||||||||||||||||||||||||||
Autodesk issued 2.9 million shares under the ESP Plan at an average price of $22.61 per share in fiscal 2014, 2.9 million shares at an average price of $21.79 per share in fiscal 2013, and 2.8 million shares at an average price of $18.26 per share in fiscal 2012. The weighted average grant date fair value of awards granted under the ESP Plan during fiscal 2014, 2013 and 2012, calculated as of the award grant date using the BSM option-pricing model, was $11.80, $12.21 and $9.95 per share, respectively. Autodesk recorded $22.9 million, $34.0 million and $23.8 million of compensation expense associated with the ESP Plan in fiscal 2014, 2013 and 2012, respectively. | ||||||||||||||||||||||||||
Equity Compensation Plan Information | ||||||||||||||||||||||||||
The following table summarizes the number of outstanding options granted to employees and directors, as well as the number of securities remaining available for future issuance under these plans as of January 31, 2014: | ||||||||||||||||||||||||||
(a) | (b) | (c) | ||||||||||||||||||||||||
Plan category | Number of securities | Weighted-average | Number of securities remaining | |||||||||||||||||||||||
to be issued upon | exercise price of | available for future issuance | ||||||||||||||||||||||||
exercise of | outstanding | under equity compensation | ||||||||||||||||||||||||
outstanding options | options | plans (excluding securities | ||||||||||||||||||||||||
reflected in column (a)) (in millions) | ||||||||||||||||||||||||||
Equity compensation plans approved by security holders | 12.4 | $ | 33.56 | 59.7 | -1 | |||||||||||||||||||||
Equity compensation plans not approved by security holders (2) | 0.1 | $ | 24.2 | — | ||||||||||||||||||||||
Total | 12.5 | $ | 33.54 | 59.7 | ||||||||||||||||||||||
____________________ | ||||||||||||||||||||||||||
-1 | Included in this amount are 38.1 million securities available for future issuance under Autodesk’s ESP Plan. | |||||||||||||||||||||||||
-2 | Amounts correspond to Autodesk’s Nonstatutory Stock Option Plan, which was terminated by the Board of Directors in December 2004. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
The provision for income taxes consists of the following: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Federal: | ||||||||||||
Current | $ | 29.1 | $ | 30.9 | $ | 54.3 | ||||||
Deferred | (41.4 | ) | (13.3 | ) | (34.5 | ) | ||||||
State: | ||||||||||||
Current | 0.6 | 7.8 | 4.9 | |||||||||
Deferred | — | (18.6 | ) | 1.3 | ||||||||
Foreign: | ||||||||||||
Current | 63.9 | 54.3 | 55.9 | |||||||||
Deferred | (1.1 | ) | 1.5 | (4.3 | ) | |||||||
$ | 51.1 | $ | 62.6 | $ | 77.6 | |||||||
During fiscal year 2014, the Company reduced its current federal and state taxes payable by $0.9 million related to excess tax benefits from non-qualified stock options, offsetting additional paid-in capital. Pursuant to accounting standards related to stock-based compensation, the Company has unrecorded excess stock option tax benefits of $191.6 million as of January 31, 2014. These amounts will be credited to additional paid-in-capital when such amounts reduce cash taxes payable. Foreign pretax income was $380.5 million in fiscal 2014, $383.3 million in fiscal 2013, and $383.7 million in fiscal 2012. | ||||||||||||
The differences between the U.S. statutory rate and the aggregate income tax provision are as follows: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Income tax provision at U.S. Federal statutory rate | $ | 98 | $ | 108.5 | $ | 127 | ||||||
State income tax (benefit) expense, net of the U.S. Federal benefit | (2.9 | ) | (1.7 | ) | 2.8 | |||||||
Foreign income taxed at rates different from the U.S. statutory rate | (57.1 | ) | (54.5 | ) | (61.5 | ) | ||||||
U.S. valuation allowance | 2.1 | 1.7 | 1.7 | |||||||||
Non-deductible stock-based compensation | 10.8 | 21.1 | 12.8 | |||||||||
Research and development tax credit benefit | (8.8 | ) | (7.0 | ) | (6.0 | ) | ||||||
Tax expense (benefit) from closure of income tax audits and changes in uncertain tax positions | 3.6 | (2.8 | ) | (0.4 | ) | |||||||
Officer compensation in excess of $1.0 million | 3 | 1.8 | 1.9 | |||||||||
U.S. Manufacturer's deduction | (0.1 | ) | (4.9 | ) | (3.0 | ) | ||||||
Other | 2.5 | 0.4 | 2.3 | |||||||||
$ | 51.1 | $ | 62.6 | $ | 77.6 | |||||||
Significant components of Autodesk’s deferred tax assets and liabilities are as follows: | ||||||||||||
January 31, | ||||||||||||
2014 | 2013 | |||||||||||
Nonqualified stock options | $ | 37.4 | $ | 67.5 | ||||||||
Research and development tax credit carryforwards | 78.4 | 54 | ||||||||||
Foreign tax credit carryforwards | 16.3 | — | ||||||||||
Accrued compensation and benefits | 38.6 | 34.5 | ||||||||||
Other accruals not currently deductible for tax | 14.5 | 15.3 | ||||||||||
Purchased technology and capitalized software | 23.4 | 9.8 | ||||||||||
Fixed assets | 17.5 | 18.5 | ||||||||||
Tax loss carryforwards | 12.6 | 21 | ||||||||||
Deferred Revenue | 33.1 | 28.5 | ||||||||||
Other | 5.1 | 2.2 | ||||||||||
Total deferred tax assets | 276.9 | 251.3 | ||||||||||
Less: valuation allowance | (67.2 | ) | (51.3 | ) | ||||||||
Net deferred tax assets | 209.7 | 200 | ||||||||||
Tax method change on advanced payments | — | (3.1 | ) | |||||||||
Unremitted earnings of foreign subsidiaries | (21.8 | ) | (31.9 | ) | ||||||||
Total deferred tax liability | (21.8 | ) | (35.0 | ) | ||||||||
Net deferred tax assets | $ | 187.9 | $ | 165 | ||||||||
The valuation allowance increased by $15.9 million, $3.8 million and $4.6 million in fiscal 2014, 2013 and 2012, respectively. The fiscal 2014, fiscal 2013, and fiscal 2012 changes in valuation allowance were related to U.S. and Canadian deferred taxes. | ||||||||||||
The Company provides U.S. income taxes on the earnings of foreign subsidiaries, except to the extent subsidiaries' earnings are considered permanently reinvested outside the U.S. As of January 31, 2014, the cumulative amount of earnings upon which U.S. income taxes have not been provided was $1,690.0 million. The unrecognized deferred tax liability for these earnings was approximately $491.4 million. | ||||||||||||
Realization of the Company's net deferred tax assets of $187.9 million is dependent upon the Company's ability to generate future taxable income in appropriate tax jurisdictions to obtain benefit from the reversal of temporary differences, net operating loss carryforwards and tax credits. The amount of deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income are reduced. | ||||||||||||
As of January 31, 2014, Autodesk had $17.0 million of cumulative federal tax loss carryforwards and $322.9 million of cumulative state tax loss carryforwards, which may be available to reduce future income tax liabilities in certain jurisdictions. These federal and state tax loss carryforwards will expire beginning fiscal 2015 through fiscal 2033 and fiscal 2015 through fiscal 2033, respectively. Autodesk also had $9.8 million of cumulative federal and state capital loss carryforwards as of January 31, 2014 which are available to offset future capital gains through fiscal 2018. | ||||||||||||
As of January 31, 2014, Autodesk had $96.1 million of cumulative federal research tax credit carryforwards, $49.8 million of cumulative California state research tax credit carryforwards and $63.4 million of cumulative Canadian federal tax credit carryforwards, which may be available to reduce future income tax liabilities in the respective jurisdictions. The federal credit carryforwards will expire beginning fiscal 2020 through fiscal 2034, the state credit carryforwards may reduce future California income tax liabilities indefinitely, and the Canadian tax credit carryforwards will expire beginning fiscal 2024 through fiscal 2034. Autodesk also has $107.6 million of cumulative foreign tax credit carryforwards, which may be available to reduce future U. S. tax liabilities. The foreign tax credit will expire beginning fiscal 2019 through fiscal 2025. | ||||||||||||
Utilization of net operating losses and tax credits may be subject to an annual limitation due to ownership change limitations provided in the Internal Revenue Code and similar state provisions. This annual limitation may result in the expiration of net operating losses and credits before utilization. | ||||||||||||
As a result of certain business and employment actions and capital investments undertaken by Autodesk, income earned in certain Europe and Asia Pacific countries is subject to reduced tax rates through fiscal and 2016 and 2019, respectively with extensions available with incremental business and employment actions. The net income tax benefits attributable to the tax status of these business arrangements are estimated to be $9.7 million ($0.04 basic net income per share) in fiscal 2014, $6.6 million ($0.03 basic net income per share) in fiscal 2013 and $10.4 million ($0.05 basic net income per share) in fiscal 2012. The income tax benefits were offset partially by accruals of U.S. income taxes on undistributed earnings, among other factors. | ||||||||||||
As of January 31, 2014, the Company had $222.1 million of gross unrecognized tax benefits, of which $214.5 million would impact the effective tax rate, if recognized. It is possible that the amount of unrecognized tax benefits will change in the next twelve months; however an estimate of the range of the possible change cannot be made at this time. | ||||||||||||
A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits is as follows: | ||||||||||||
Fiscal Year Ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Gross unrecognized tax benefits at the beginning of the fiscal year | $ | 212.7 | $ | 201.1 | $ | 188.4 | ||||||
Increases for tax positions of prior years | 1.8 | 0.4 | 0.4 | |||||||||
Decreases for tax positions of prior years | (0.3 | ) | (0.4 | ) | (0.4 | ) | ||||||
Increases for tax positions related to the current year | 15.3 | 17.8 | 14.3 | |||||||||
Decreases for lapse of statute of limitations/audit settlements | (7.4 | ) | (6.2 | ) | (1.6 | ) | ||||||
Gross unrecognized tax benefits at the end of the fiscal year | $ | 222.1 | $ | 212.7 | $ | 201.1 | ||||||
It is the Company's continuing practice to recognize interest and/or penalties related to income tax matters in income tax expense. The Company had $2.8 million, $1.9 million and $2.4 million, net of tax benefit, accrued for interest and zero accrued for penalties related to unrecognized tax benefits as of January 31, 2014, 2013 and 2012, respectively. | ||||||||||||
Autodesk and its subsidiaries are subject to income tax in the United States as well as numerous state and foreign jurisdictions. The Company's U.S. and state income tax returns for fiscal year 2003 through fiscal year 2014 remain open to examination. In addition, the Company files tax returns in multiple foreign taxing jurisdictions with open tax years ranging from fiscal year 2003 to 2014. |
Acquisitions
Acquisitions | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Acquisitions | ' | |||||||||||||||||||
Acquisitions | ||||||||||||||||||||
During the fiscal years ended January 31, 2014 and January 31, 2013, Autodesk completed the business combinations and technology purchases described below. The results of operations for the following acquisitions are included in the accompanying Consolidated Statement of Operations since their respective acquisition dates. Pro forma results of operations have not been presented because the effects of the following acquisitions, individually and in the aggregate, were not material to Autodesk's Consolidated Financial Statements. | ||||||||||||||||||||
For acquisitions accounted for as business combinations, Autodesk recorded the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess of consideration transferred over the aggregate fair values as goodwill. | ||||||||||||||||||||
Fiscal 2014 Acquisitions | ||||||||||||||||||||
On November 21, 2013, Autodesk acquired all of the outstanding shares of Graitec SA (“Graitec”) for total cash consideration of $87.0 million. The acquisition will enhance Autodesk’s current offerings for structural engineering and expand its portfolio of technology for Building Information Modeling ("BIM") for structural fabrication and detailing. Graitec will be integrated into Autodesk’s AEC segment. The amount of goodwill that is expected to be deductible for tax purposes is $73.4 million. | ||||||||||||||||||||
During the fiscal year ended January 31, 2014, Autodesk also completed 14 other business combination and technology acquisitions for total cash consideration of approximately $89.7 million. These business combinations and technology acquisitions were not material individually or in aggregate to Autodesk's Consolidated Financial Statements. | ||||||||||||||||||||
The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for each of the business combinations and technology acquisitions completed during the fiscal year ended January 31, 2014: | ||||||||||||||||||||
Graitec | Other | |||||||||||||||||||
Developed technologies | $ | 15.9 | $ | 15.9 | ||||||||||||||||
Customer relationships | 2.2 | 2.8 | ||||||||||||||||||
Trade name | 1.7 | 1.8 | ||||||||||||||||||
User List | — | — | ||||||||||||||||||
Goodwill | 73.4 | 67 | ||||||||||||||||||
Deferred Revenue (current and non-current) | — | — | ||||||||||||||||||
Deferred tax (liability) asset | (6.2 | ) | 0.7 | |||||||||||||||||
Net tangible assets (liabilities) | — | 1.5 | ||||||||||||||||||
$ | 87 | $ | 89.7 | |||||||||||||||||
For Graitec, the allocation of purchase price consideration to the assets and liabilities is not yet finalized. The allocation of the purchase price consideration was based upon a preliminary valuation and Autodesk's estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary purchase price allocation that are not yet finalized are amounts for income tax assets and liabilities, pending finalization of estimates and assumptions in respect of certain tax aspects of the transaction and residual goodwill. | ||||||||||||||||||||
Fiscal 2013 Acquisitions | ||||||||||||||||||||
On June 7, 2012, Autodesk acquired Vela Systems, Inc. (“Vela”) for total cash consideration of $76.0 million. Vela was a privately owned company that provides a cloud-based mobile platform that delivers critical information to the construction and capital projects market. Prior to acquiring Vela, Autodesk had an equity investment with the company that had an acquisition-date fair value of $6.8 million using a market approach to value the investment. Valuations using the market approach reflect relevant observable information generated by market transactions involving comparable businesses. As a result of the acquisition, Autodesk recorded a $3.3 million gain on the sale of the investment. Vela has been integrated into, and the related goodwill was assigned to, Autodesk's AEC segment. The amount of goodwill that is expected to be deductible for tax purposes is zero. | ||||||||||||||||||||
On August 1, 2012, Autodesk acquired Socialcam, Inc, (“Socialcam”) for total cash consideration of $59.5 million. Socialcam was a privately held web-based company offering a smartphone application and web-based service that allows users to capture, edit, and share video. Of the $59.5 million, Autodesk incurred $16.6 million relating to the acceleration of vesting of equity awards held in Socialcam for Socialcam employees immediately prior to the acquisition. The $16.6 million stock based compensation charge is included in "Research and development" in the Consolidated Statement of Operations. Socialcam has been integrated into, and the related goodwill was assigned to, Autodesk’s PSEB segment. The amount of goodwill that is expected to be deductible for tax purposes is zero. | ||||||||||||||||||||
On October 4, 2012, Autodesk acquired Qontext, an enterprise business and social collaboration software solution, from India-based Pramati Technologies for $26.0 million and hired the Qontext development team. This acquisition is expected to accelerate Autodesk’s ongoing move to the cloud and expansion of social capabilities in the Autodesk 360 cloud-based service. Treated as a business combination, Qontext has been integrated into, and the related goodwill was assigned to, Autodesk’s PSEB segment. The amount of goodwill that is expected to be deductible for tax purposes is $24.0 million. | ||||||||||||||||||||
On December 21, 2012, Autodesk acquired PI-VR GmbH (“PI-VR”) for approximately $48.6 million. PI-VR was a privately held company based in Berlin, Germany that specializes in sophisticated real time visualization technology used primarily in the automotive industry. PI-VR has been integrated, and the related goodwill was assigned to, Autodesk's MFG segment. The amount of goodwill that is expected to be deductible for tax purposes is zero. | ||||||||||||||||||||
During the fiscal year ended January 31, 2013, Autodesk also completed nine other business combination and technology acquisitions for total cash consideration of approximately $63.2 million. These business combinations and technology acquisitions were not material individually or in aggregate to Autodesk's Consolidated Financial Statements. | ||||||||||||||||||||
The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for each of the business combinations and technology acquisitions completed during the fiscal year ended January 31, 2013: | ||||||||||||||||||||
Vela | Socialcam | Qontext | PI-VR | Other | ||||||||||||||||
Developed technologies | $ | 5.9 | $ | 1.9 | $ | 2 | $ | 7.6 | $ | 13.6 | ||||||||||
Customer relationships | 3.6 | — | — | 6.7 | 1.5 | |||||||||||||||
Trade name | 2.6 | 5.3 | — | 1.9 | 2 | |||||||||||||||
User List | — | 22.3 | — | — | — | |||||||||||||||
Goodwill | 57.5 | 23 | 24 | 36.8 | 46.1 | |||||||||||||||
Deferred Revenue | (2.0 | ) | — | — | (0.1 | ) | — | |||||||||||||
Deferred tax asset (liability) | 3.9 | (9.4 | ) | — | (5.0 | ) | — | |||||||||||||
Net tangible assets (liabilities) | 4.5 | (0.2 | ) | — | 0.7 | — | ||||||||||||||
Total | $ | 76 | $ | 42.9 | $ | 26 | $ | 48.6 | $ | 63.2 | ||||||||||
Deferred_Compensation
Deferred Compensation | 12 Months Ended |
Jan. 31, 2014 | |
Compensation Related Costs [Abstract] | ' |
Deferred Compensation | ' |
Deferred Compensation | |
At January 31, 2014, Autodesk had marketable securities totaling $691.4 million, of which $38.9 million related to investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans. The total related deferred compensation liability was $38.9 million at January 31, 2014, of which $1.9 million was classified as current and $37.0 million was classified as non-current liabilities. The value of debt and equity securities held in the rabbi trust at January 31, 2013 was $35.3 million. The total related deferred compensation liability at January 31, 2013 was $35.3 million, of which $3.9 million was classified as current and $31.4 million was classified as non-current liabilities. The securities are recorded in the Consolidated Balance Sheets under the current portion of "Marketable Securities". The current and non-current portions of the liability are recorded in the Consolidated Balance Sheets under “Accrued compensation” and “Other liabilities,” respectively. |
Borrowing_Arrangements
Borrowing Arrangements | 12 Months Ended |
Jan. 31, 2014 | |
Debt Disclosure [Abstract] | ' |
Borrowing Arrangements | ' |
Borrowing Arrangements | |
In December 2012, Autodesk issued $400.0 million aggregate principal amount of 1.95% senior notes due December 15, 2017 and $350.0 million aggregate principal amount of 3.6% senior notes due December 15, 2022, (collectively, the "Senior Notes"). Autodesk received net proceeds of $739.3 million from issuance of the Senior Notes, net of a discount of $4.5 million and issuance costs of $6.1 million. Both the discount and issuance costs are being amortized to interest expense over the respective terms of the Senior Notes using the effective interest method. In the fourth quarter of fiscal 2013, Autodesk used a portion of the proceeds to re-pay the outstanding balance of the credit facility. The remaining proceeds from the Senior Notes are available for general corporate purposes. Autodesk may redeem the Senior Notes at any time, subject to a make whole premium. In addition, upon the occurrence of certain change of control triggering events, Autodesk may be required to repurchase the Senior Notes, at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase. The Senior Notes contain restrictive covenants that limit our ability to create certain liens, to enter into certain sale and leaseback transactions and to consolidate or merge with, or convey, transfer or lease all or substantially all of our assets, subject to significant qualifications and exceptions. Based on quoted market prices, the fair value of the Senior Notes was approximately $738.0 million as of January 31, 2014. | |
Autodesk’s line of credit facility permits unsecured short-term borrowings of up to $400.0 million with an option to request an increase in the amount of the credit facility by up to an additional $100.0 million, and is available for working capital or other business needs. This credit agreement contains customary covenants that could restrict the imposition of liens on Autodesk’s assets, and restrict the Company’s ability to incur additional indebtedness or make dispositions of assets if Autodesk fails to maintain the financial covenants. The line of credit is syndicated with various financial institutions, including Citibank, N.A., an affiliate of Citigroup, which is one of the lead lenders and an agent. In May 2013, Autodesk amended and restated the credit agreement extending the facility's maturity date from May 2016 to May 2018 and reducing facility fees and lowering borrowing costs by aligning margins with our recent public investment grade credit ratings. At January 31, 2014 and January 31, 2013, Autodesk had no outstanding borrowings on this line of credit. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Commitments and Contingencies | ' | |||||||||||
Commitments and Contingencies | ||||||||||||
Lease commitments | ||||||||||||
Autodesk leases office space and computer equipment under non-cancellable operating lease agreements that expire at various dates through fiscal 2024. The leases generally provide that Autodesk pay taxes, insurance and maintenance expenses related to the leased assets. Certain of these lease arrangements contain escalation clauses whereby monthly rent increases over time. At January 31, 2014, the aggregate future minimum lease payments required were as follows: | ||||||||||||
2015 | $ | 53.1 | ||||||||||
2016 | 47 | |||||||||||
2017 | 39.5 | |||||||||||
2018 | 35.7 | |||||||||||
2019 | 26.1 | |||||||||||
Thereafter | 38.5 | |||||||||||
239.9 | ||||||||||||
Less: Sublease income | 2.9 | |||||||||||
$ | 237 | |||||||||||
Rent expense related to these operating leases recognized on a straight-line basis over the lease period, was as follows: | ||||||||||||
Fiscal Year Ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Rent expense | $ | 50.2 | $ | 56.1 | $ | 53 | ||||||
Purchase commitments | ||||||||||||
In the normal course of business, Autodesk enters into various purchase commitments for goods or services. Total non-cancellable purchase commitments as of January 31, 2014 were approximately $65.3 million for periods through fiscal 2017 These purchase commitments primarily result from contracts for the acquisition of IT infrastructure, marketing and software development services. | ||||||||||||
Autodesk has certain royalty commitments associated with the shipment and licensing of certain products. Royalty expense is generally based on a dollar amount per unit shipped or a percentage of the underlying revenue. Royalty expense, which was recorded under cost of license and other revenue on Autodesk’s Consolidated Statements of Operations, was $18.0 million in fiscal 2014, $16.4 million in fiscal 2013 and $16.5 million in fiscal 2012. | ||||||||||||
Guarantees and Indemnifications | ||||||||||||
In the normal course of business, Autodesk provides indemnifications of varying scopes, including limited product warranties and indemnification of customers against claims of intellectual property infringement made by third parties arising from the use of its products or services. Autodesk accrues for known indemnification issues if a loss is probable and can be reasonably estimated. Historically, costs related to these indemnifications have not been significant, and because potential future costs are highly variable, Autodesk is unable to estimate the maximum potential impact of these indemnifications on its future results of operations. | ||||||||||||
In connection with the purchase, sale or license of assets or businesses with third parties, Autodesk has entered into or assumed customary indemnification agreements related to the assets or businesses purchased, sold or licensed. Historically, costs related to these indemnifications have not been significant, and because potential future costs are highly variable, Autodesk is unable to estimate the maximum potential impact of these indemnifications on its future results of operations. | ||||||||||||
As permitted under Delaware law, Autodesk has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at Autodesk’s request in such capacity. The maximum potential amount of future payments Autodesk could be required to make under these indemnification agreements is unlimited; however, Autodesk has directors’ and officers’ liability insurance coverage that is intended to reduce its financial exposure and may enable Autodesk to recover a portion of any future amounts paid. Autodesk believes the estimated fair value of these indemnification agreements in excess of applicable insurance coverage is minimal. | ||||||||||||
Legal Proceedings | ||||||||||||
Autodesk is involved in a variety of claims, suits, investigations and proceedings in the normal course of business activities including claims of alleged infringement of intellectual property rights, commercial, employment, piracy prosecution, business practices and other matters. In the Company's opinion, resolution of pending matters is not expected to have a material adverse impact on its consolidated results of operations, cash flows or its financial position. Given the unpredictable nature of legal proceedings, there is a reasonable possibility that an unfavorable resolution of one or more such proceedings could in the future materially affect the Company's results of operations, cash flows or financial position in a particular period, however, based on the information known by the Company as of the date of this filing and the rules and regulations applicable to the preparation of the Company's financial statements, any such amount is either immaterial or it is not possible to provide an estimated amount of any such potential loss. |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended |
Jan. 31, 2014 | |
Equity [Abstract] | ' |
Stockholders' Equity | ' |
Stockholders' Equity | |
Preferred Stock | |
Under Autodesk’s Certificate of Incorporation, 2.0 million shares of preferred stock are authorized. At January 31, 2014, there were no preferred shares issued or outstanding. The Board of Directors has the authority to issue the preferred stock in one or more series and to fix rights, preferences, privileges and restrictions, including dividends and the number of shares constituting any series or the designation of such series, without any further vote or action by the stockholders. | |
Common Stock Repurchase Programs | |
Autodesk has a stock repurchase program that is used to offset dilution from the issuance of stock under the Company’s employee stock plans and for such other purposes as may be in the interests of Autodesk and its stockholders, which has the 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. |
Interest_And_Other_Income_net
Interest And Other Income, net | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Interest and Other Income, net [Abstract] | ' | |||||||||||
Interest and Other (Expense) Income, net | ' | |||||||||||
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 | 1.2 | (1.1 | ) | ||||||||
(Loss) gain on strategic investments (1) | (1.8 | ) | (4.0 | ) | 0.3 | |||||||
Other income | 2.7 | 2 | 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. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive (Loss) Income | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Accumulated Other Comprehensive Income (loss) [Abstract] | ' | |||||||||||
Accumulated Other Comprehensive (Loss) Income | ' | |||||||||||
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. |
Net_Income_Per_Share
Net Income Per Share | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Net Income Per Share | ' | |||||||||||
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, excluding stock options and restricted stock units. Diluted net 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 income per share amounts: | ||||||||||||
Fiscal Year Ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Numerator: | ||||||||||||
Net income | $ | 228.8 | $ | 247.4 | $ | 285.3 | ||||||
Denominator: | ||||||||||||
Denominator for basic net income per share—weighted average shares | 224 | 226.4 | 227.7 | |||||||||
Effect of dilutive securities | 5.6 | 5.3 | 5.6 | |||||||||
Denominator for dilutive net income per share | 229.6 | 231.7 | 233.3 | |||||||||
Basic net income per share | $ | 1.02 | $ | 1.09 | $ | 1.25 | ||||||
Diluted net income per share | $ | 1 | $ | 1.07 | $ | 1.22 | ||||||
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, 2014, 2013 and 2012, 5.4 million, 9.6 million and 12.9 million potentially anti-dilutive shares, respectively, were excluded from the computation of net income per share. |
Segments
Segments | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Segments | ' | |||||||||||
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: 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 revenue from sales of AutoCAD and AutoCAD LT, the Autodesk Design Suite and many other design products, including consumer design products, as well as from sales of licenses of other Autodesk's design products. | ||||||||||||
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 licenses of Autodesk Building Design Suites, AutoCAD Civil 3D, AutoCAD Map, and Autodesk Infrastructure Design Suites. | ||||||||||||
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, and Autodesk Moldflow products. | ||||||||||||
M&E consists of two product groups: Animation, including design visualization, and Creative Finishing. Animation products, such as Autodesk Maya, Autodesk 3ds Max, and the Autodesk Entertainment Creation Suites, provide tools for digital sculpting, modeling, animation, effects, rendering and compositing, for design visualization, visual effects and games production. M&E products are also included in a number of PSEB, AEC, and MFG focused suites. Creative Finishing products provide editing, finishing and visual effects design and color grading. | ||||||||||||
All of Autodesk’s reportable segments distribute their respective products primarily through authorized resellers and distributors and, to a lesser extent, through direct sales to end-users. | ||||||||||||
The accounting policies of the reportable segments are the same as those described in Note 1, “Business and Summary of Significant Accounting Policies.” Autodesk evaluates each segment’s performance on the basis of gross profit. Autodesk currently does not separately accumulate and report asset information by segment, except for goodwill, which is disclosed in Note 1, “Business and Summary of Significant Accounting Policies.” | ||||||||||||
Information concerning the operations of Autodesk’s reportable segments is as follows: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net revenue: | ||||||||||||
Platform Solutions and Emerging Business (1) | $ | 789.2 | $ | 843 | $ | 833.1 | ||||||
Architecture, Engineering and Construction (1) | 730.6 | 701.1 | 626.4 | |||||||||
Manufacturing | 579.4 | 573.8 | 540.3 | |||||||||
Media and Entertainment (1) | 174.7 | 194.3 | 215.8 | |||||||||
$ | 2,273.90 | $ | 2,312.20 | $ | 2,215.60 | |||||||
Gross profit: | ||||||||||||
Platform Solutions and Emerging Business (1) | $ | 716.8 | $ | 788.8 | $ | 788 | ||||||
Architecture, Engineering and Construction (1) | 663.8 | 642 | 569.7 | |||||||||
Manufacturing | 531.5 | 531.3 | 496.1 | |||||||||
Media and Entertainment | 137.8 | 156.5 | 174.6 | |||||||||
Unallocated (2) | (50.3 | ) | (44.9 | ) | (41.9 | ) | ||||||
$ | 1,999.60 | $ | 2,073.70 | $ | 1,986.50 | |||||||
Depreciation, amortization and accretion: | ||||||||||||
Platform Solutions and Emerging Business | $ | 5.5 | $ | 1.8 | $ | 1.8 | ||||||
Architecture, Engineering and Construction | 0.2 | 0.2 | 0.7 | |||||||||
Manufacturing | 0.9 | 0.5 | 1.7 | |||||||||
Media and Entertainment | 0.2 | 0.4 | 0.5 | |||||||||
Unallocated | 122.1 | 124.9 | 110.8 | |||||||||
$ | 128.9 | $ | 127.8 | $ | 115.5 | |||||||
_______________ | ||||||||||||
-1 | Prior period segment revenue amounts have been updated to conform with the current period's presentation. | |||||||||||
-2 | Unallocated amounts primarily relate to corporate expenses and other costs and expenses that are managed outside the reportable segments, including stock-based compensation expense. | |||||||||||
Information regarding Autodesk’s operations by geographic area is as follows: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net revenue: | ||||||||||||
Americas | ||||||||||||
U.S. | $ | 672.3 | $ | 672.1 | $ | 631 | ||||||
Other Americas | 146.6 | 164.1 | 167.5 | |||||||||
Total Americas | 818.9 | 836.2 | 798.5 | |||||||||
Europe, Middle East and Africa | 851.8 | 868.5 | 862.2 | |||||||||
Asia Pacific | ||||||||||||
Japan | 274.5 | 278.3 | 240.5 | |||||||||
Other Asia Pacific | 328.7 | 329.2 | 314.4 | |||||||||
Total Asia Pacific | 603.2 | 607.5 | 554.9 | |||||||||
Total net revenue | $ | 2,273.90 | $ | 2,312.20 | $ | 2,215.60 | ||||||
January 31, | ||||||||||||
2014 | 2013 | |||||||||||
Long-lived assets (1): | ||||||||||||
Americas | ||||||||||||
U.S. | $ | 1,041.90 | $ | 964 | ||||||||
Other Americas | 37.1 | 39.6 | ||||||||||
Total Americas | 1,079.00 | 1,003.60 | ||||||||||
Europe, Middle East and Africa | 228.6 | 168.4 | ||||||||||
Asia Pacific | 44 | 50.1 | ||||||||||
Total long-lived assets | $ | 1,351.60 | $ | 1,222.10 | ||||||||
____________________ | ||||||||||||
-1 | Long-lived assets exclude deferred tax assets and marketable securities. |
Retirement_Benefit_Plans
Retirement Benefit Plans | 12 Months Ended |
Jan. 31, 2014 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Retirement Benefit Plans | ' |
Retirement Benefit Plans | |
Pretax Savings Plan | |
Autodesk has a 401(k) plan that covers nearly all U.S. employees. Eligible employees may contribute up to 50% of their pretax salary, subject to limitations mandated by the Internal Revenue Service. Autodesk makes voluntary cash contributions and matches a portion of employee contributions in cash. Autodesk’s contributions were $8.1 million in fiscal 2014, $7.9 million in fiscal 2013 and $7.3 million in fiscal 2012. Autodesk does not allow participants to invest in Autodesk common stock through the 401(k) plan. | |
Other Plans | |
Autodesk provides certain defined benefit pension plans to employees primarily located in countries outside of the U.S. The Company deposits funds for specific plans, consistent with the requirements of local law, with insurance companies or third-party trustees, and accrues for the unfunded portion of the obligation, where material. The assumptions used in calculating the obligation for these plans depend on the local economic environment. The net liability related to the funded status of the plans was approximately $21.5 million and $24.0 million as of January 31, 2014 and 2013, respectively. The projected benefit obligation was $62.2 million and $61.5 million as of January 31, 2014 and 2013, respectively. The related fair value of plan assets was $40.7 million and $37.5 million as of January 31, 2014 and 2013, respectively. Autodesk's practice is to fund the pension plans in amounts at least sufficient to meet the minimum requirements of local laws and regulations. The assets of the plans are primarily invested in high quality fixed income investments. Autodesk's contributions were approximately $6.0 million, $5.4 million and $4.2 million in fiscal 2014, 2013 and 2012, respectively. As of January 31, 2014, Autodesk's estimated future benefit payments are an aggregate $11.4 million for fiscal 2015 through fiscal 2019 and an aggregate of $9.8 million for fiscal 2020 through fiscal 2024. Autodesk recorded $7.7 million and $13.1 million of unrealized changes in the unfunded portion of Autodesk’s defined benefit plans in fiscal 2014 and fiscal 2013, respectively. | |
Autodesk also provides defined contribution plans in certain foreign countries where required by statute. Autodesk’s funding policy for foreign defined contribution plans is consistent with the local requirements in each country. Autodesk’s contributions to these plans were $22.3 million in fiscal 2014, $21.5 million in fiscal 2013 and $20.4 million in fiscal 2012. | |
In addition, Autodesk offers a non-qualified deferred compensation plan to certain key employees whereby they may defer a portion (or all) of their annual compensation until retirement or a different date specified by the employee in accordance with terms of the plan. See Note 6, “Deferred Compensation,” for further discussion. |
Restructuring_Reserves
Restructuring Reserves | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||||||||||
Restructuring Reserves | ' | |||||||||||||||||||
Restructuring Reserves | ||||||||||||||||||||
During the third quarter of fiscal 2014, the Board of Directors of the Company approved a world-wide restructuring plan in order to re-balance staffing levels to better align them with the evolving needs of the business. The Company authorized plan included a reduction of approximately 85 positions and the consolidation of four leased facilities, with a total cost of approximately $15.0 million ("Fiscal 2014 Plan"). The Company expects to substantially pay the one-time termination benefits and facility related liabilities related to the Fiscal 2014 Plan by the end of its first quarter of fiscal 2015. | ||||||||||||||||||||
During the third quarter of fiscal 2013, the Board of Directors of the Company approved a world-wide restructuring plan in line with the Company's strategy, including its continuing shift to cloud and mobile computing ("Fiscal 2013 Plan"). The approved plan resulted in a reduction of approximately 500 positions and the consolidation of eight leased facilities, with an aggregate charge of $46.2 million to date. As of January 31, 2014, the personnel and facilities related actions included in this restructuring plan were substantially complete. | ||||||||||||||||||||
The following table sets forth the restructuring activities for the fiscal years ended January 31, 2014 and 2013: | ||||||||||||||||||||
Balances, January 31, 2013 | Additions | Payments | Adjustments (1) | Balances, January 31, 2014 | ||||||||||||||||
Fiscal 2013 Plan | ||||||||||||||||||||
Employee termination costs | $ | 4.5 | $ | 0.8 | $ | (5.0 | ) | $ | (0.2 | ) | $ | 0.1 | ||||||||
Lease termination and asset costs | 2.8 | 1.5 | (4.2 | ) | 0.1 | 0.2 | ||||||||||||||
Fiscal 2014 Plan | ||||||||||||||||||||
Employee termination costs | $ | — | 9.4 | (5.7 | ) | (0.2 | ) | $ | 3.5 | |||||||||||
Lease termination and asset costs | $ | — | 1.1 | — | 0.2 | $ | 1.3 | |||||||||||||
Total | $ | 7.3 | 12.8 | (14.9 | ) | (0.1 | ) | $ | 5.1 | |||||||||||
Current portion (2) | $ | 5.8 | $ | 4 | ||||||||||||||||
Non-current portion (2) | 1.5 | 1.1 | ||||||||||||||||||
Total | $ | 7.3 | $ | 5.1 | ||||||||||||||||
____________________ | ||||||||||||||||||||
-1 | Adjustments include the impact of foreign currency translation. | |||||||||||||||||||
-2 | The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities” and “Other liabilities,” respectively. | |||||||||||||||||||
Balances, January 31, 2012 | Additions | Payments | Adjustments (1) | Balances, January 31, 2013 | ||||||||||||||||
Fiscal 2013 Plan | ||||||||||||||||||||
Employee termination costs | $ | — | $ | 41 | $ | (36.1 | ) | $ | (0.4 | ) | $ | 4.5 | ||||||||
Lease termination and asset costs | — | 3.3 | (0.5 | ) | — | 2.8 | ||||||||||||||
Total | $ | — | $ | 44.3 | $ | (36.6 | ) | $ | (0.4 | ) | $ | 7.3 | ||||||||
Current portion (2) | $ | — | $ | 5.8 | ||||||||||||||||
Non-current portion (2) | — | 1.5 | ||||||||||||||||||
Total | $ | — | $ | 7.3 | ||||||||||||||||
____________________ | ||||||||||||||||||||
-1 | Adjustments include the impact of foreign currency translation. | |||||||||||||||||||
-2 | The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities” and “Other liabilities,” respectively. |
Selected_Quarterly_Financial_I
Selected Quarterly Financial Information | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||
Quarterly Financial Information | ' | |||||||||||||||||||
Selected Quarterly Financial Information (Unaudited) | ||||||||||||||||||||
Summarized quarterly financial information for fiscal 2014 and 2013 is as follows: | ||||||||||||||||||||
2014 | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Fiscal year | |||||||||||||||
Net revenue | $ | 570.4 | $ | 561.7 | $ | 555.2 | $ | 586.6 | $ | 2,273.90 | ||||||||||
Gross profit | 502.9 | 493.9 | 488.1 | 514.7 | 1,999.60 | |||||||||||||||
Income from operations | 81.4 | 83.6 | 68.1 | 51.7 | 284.8 | |||||||||||||||
Provision for income taxes | (17.0 | ) | (20.1 | ) | (11.6 | ) | (2.4 | ) | (51.1 | ) | ||||||||||
Net income | 55.6 | 61.7 | 57.6 | 53.9 | 228.8 | |||||||||||||||
Basic net income per share | $ | 0.25 | $ | 0.28 | $ | 0.26 | $ | 0.24 | $ | 1.02 | ||||||||||
Diluted net income per share | $ | 0.24 | $ | 0.27 | $ | 0.25 | $ | 0.23 | $ | 1 | ||||||||||
Income from operations includes the following items: | ||||||||||||||||||||
Stock-based compensation expense | $ | 33.5 | $ | 31 | $ | 31.6 | $ | 36.1 | $ | 132.2 | ||||||||||
Amortization of acquisition related intangibles | 21.6 | 20.3 | 18.2 | 20.6 | 80.7 | |||||||||||||||
Restructuring charges, net | 0.4 | 1.7 | 4.4 | 6.3 | 12.8 | |||||||||||||||
2013 | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Fiscal year | |||||||||||||||
Net revenue | $ | 588.6 | $ | 568.7 | $ | 548 | $ | 606.9 | $ | 2,312.20 | ||||||||||
Gross profit | 529.8 | 508.9 | 490.1 | 544.9 | 2,073.70 | |||||||||||||||
Income from operations | 94 | 92.9 | 34.4 | 84.6 | 305.9 | |||||||||||||||
Provision for income taxes | (18.6 | ) | (27.5 | ) | (4.9 | ) | (11.6 | ) | (62.6 | ) | ||||||||||
Net income | 78.9 | 64.6 | 29.4 | 74.5 | 247.4 | |||||||||||||||
Basic net income per share | $ | 0.35 | $ | 0.28 | $ | 0.13 | $ | 0.33 | $ | 1.09 | ||||||||||
Diluted net income per share | $ | 0.34 | $ | 0.28 | $ | 0.13 | $ | 0.32 | $ | 1.07 | ||||||||||
Income from operations includes the following items: | ||||||||||||||||||||
Stock-based compensation expense | $ | 33.4 | $ | 33.5 | $ | 51.9 | $ | 37.5 | $ | 156.3 | ||||||||||
Amortization of acquisition related intangibles | 17.6 | 17.5 | 23.7 | 23 | 81.8 | |||||||||||||||
Restructuring benefits, net | — | — | 36.7 | 7.2 | 43.9 | |||||||||||||||
Subsequent_Events_Notes
Subsequent Events (Notes) | 12 Months Ended |
Jan. 31, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Subsequent Events | |
On February 6, 2014, Autodesk acquired the entire issued and to be issued share capital of Delcam plc (“Delcam”), for £20.75 per share, or approximately £174.6 million or $284.6 million. Delcam was previously listed as a public company (LON: DLC) and is a leading supplier of advanced CADCAM and industrial measurement solutions for the manufacturing industry. With this transaction Autodesk gains Delcam’s range of design, manufacturing and inspection software that provide automated CADCAM solutions for a variety of industries, ranging from aerospace to toys and sports equipment. The transaction was structured as a cash offer for all the outstanding shares of Delcam, and Delcam will be integrated into Autodesk's Manufacturing reportable segment. The initial accounting for this acquisition was not complete as of March 10, 2014, due to the timing of the acquisition. |
SCHEDULE_II
SCHEDULE II | 12 Months Ended | |||||||||||||||
Jan. 31, 2014 | ||||||||||||||||
Financial Statement Schedule II | ' | |||||||||||||||
FINANCIAL STATEMENT SCHEDULE II | ||||||||||||||||
Description | Balance at | Additions | Deductions | Balance at | ||||||||||||
Beginning | Charged to | and | End of Fiscal Year | |||||||||||||
of Fiscal Year | Costs and | Write-Offs | ||||||||||||||
Expenses or | ||||||||||||||||
Revenues | ||||||||||||||||
(in millions) | ||||||||||||||||
Fiscal Year ended January 31, 2014 | ||||||||||||||||
Allowance for doubtful accounts | $ | 5.6 | $ | 1.3 | $ | 2 | $ | 4.9 | ||||||||
Product returns reserves | 4.9 | 23.1 | 24 | 4 | ||||||||||||
Partner Program reserves (1) | 48.3 | 278.6 | 288.5 | 38.4 | ||||||||||||
Restructuring | 8.9 | 12.8 | 16.1 | 5.6 | ||||||||||||
Fiscal Year ended January 31, 2013 | ||||||||||||||||
Allowance for doubtful accounts | $ | 5.5 | $ | 1.5 | $ | 1.4 | $ | 5.6 | ||||||||
Product returns reserves | 5.8 | 25.8 | 26.7 | 4.9 | ||||||||||||
Partner Program reserves (1) | 36.5 | 286.9 | 275.1 | 48.3 | ||||||||||||
Restructuring | 2.4 | 45.1 | 38.6 | 8.9 | ||||||||||||
Fiscal Year ended January 31, 2012 | ||||||||||||||||
Allowance for doubtful accounts | $ | 4.2 | $ | 2.4 | $ | 1.1 | $ | 5.5 | ||||||||
Product returns reserves | 10.6 | 32.7 | 37.5 | 5.8 | ||||||||||||
Partner Program reserves (1) | 37.9 | 214 | 215.4 | 36.5 | ||||||||||||
Restructuring | 8.6 | — | 6.2 | 2.4 | ||||||||||||
____________________ | ||||||||||||||||
-1 | The partner program reserves balance impacts "Accounts receivable, net" or "Accounts payable" on the accompanying Consolidated Balance Sheets. |
Business_and_Summary_of_Signif1
Business and Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Business and Summary of Significant Accounting Policies [Abstract] | ' | |||||||||||||||||||
Business, Policy | ' | |||||||||||||||||||
Business | ||||||||||||||||||||
Autodesk, Inc. (“Autodesk” or the “Company”) is a world leading design software and services company, offering customers productive business solutions through powerful technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing; and digital media, consumer and entertainment industries. The Company’s sophisticated software products enable its customers to experience their ideas before they are real by allowing them to imagine, design, and create their ideas and to visualize, simulate and analyze real-world performance early in the design process by creating digital prototypes. These capabilities allow Autodesk’s customers to foster innovation, optimize and improve their designs, help save time and money, improve quality, and collaborate with others. Autodesk software products are sold globally, both directly to customers and through a network of resellers and distributors. | ||||||||||||||||||||
Principles of Consolidation, Policy | ' | |||||||||||||||||||
Principles of Consolidation | ||||||||||||||||||||
The accompanying consolidated financial statements include the accounts of Autodesk and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. | ||||||||||||||||||||
Reclassifications, Policy | ' | |||||||||||||||||||
Reclassifications | ||||||||||||||||||||
During the first quarter of fiscal 2014, Autodesk combined maintenance revenue and cloud services offering-related revenue into one category named “Subscription.” As a result, revenue and cost of revenue related to cloud service offerings previously reflected in “License and other revenue” and “Cost of license and other revenue” were reclassified to “Subscription revenue” and “Cost of subscription revenue.” | ||||||||||||||||||||
Use of Estimates, Policy | ' | |||||||||||||||||||
Use of Estimates | ||||||||||||||||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in Autodesk’s consolidated financial statements and notes thereto. These estimates are based on information available as of the date of the consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Actual results may differ materially from these estimates. | ||||||||||||||||||||
Examples of significant estimates and assumptions made by management involve the determination of the fair value of acquired assets and liabilities, goodwill, financial instruments, long-lived assets and other intangible assets, the realizability of deferred tax assets and the fair value of stock awards (see “Stock-based Compensation Expense” within this Note 1 and Note 3 “Employee and Director Stock Plans” for further discussion). The Company also makes assumptions, judgments and estimates in determining the accruals for uncertain tax positions, variable compensation, partner incentive programs, product returns reserves, allowances for doubtful accounts, asset retirement obligations and legal contingencies. | ||||||||||||||||||||
Foreign Currency Translation, Policy | ' | |||||||||||||||||||
Foreign Currency Translation and Transactions | ||||||||||||||||||||
The assets and liabilities of Autodesk’s foreign subsidiaries are translated from their respective functional currencies into U.S. dollars at the rates in effect at the balance sheet date, and revenue and expense amounts are translated at exchange rates that approximate those rates in effect during the period in which the underlying transactions occur. Foreign currency translation adjustments are recorded as other comprehensive income (loss). | ||||||||||||||||||||
Gains and losses realized from foreign currency transactions, those transactions denominated in currencies other than the foreign subsidiary’s functional currency, are included in interest and other income, net. Monetary assets and liabilities are remeasured using foreign currency exchange rates at the end of the period, and non-monetary assets are remeasured based on historical exchange rates. | ||||||||||||||||||||
Derivatives, Policy | ' | |||||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||||
Under its risk management strategy, Autodesk uses derivative instruments to manage its short-term exposures to fluctuations in foreign currency exchange rates which exist as part of ongoing business operations. Autodesk’s general practice is to hedge a majority of transaction exposures denominated in euros, Japanese yen, Swiss francs, British pounds, Canadian dollars, and Australian dollars. These instruments have maturities between one to 12 months in the future. Autodesk does not enter into any derivative instruments for trading or speculative purposes. | ||||||||||||||||||||
The bank counterparties in all contracts expose Autodesk to credit-related losses in the event of their nonperformance. However, to mitigate that risk, Autodesk only contracts with counterparties who meet the Company’s minimum requirements under its counterparty risk assessment process. Autodesk monitors ratings, credit spreads and potential downgrades on at least a quarterly basis. Based on Autodesk’s on-going assessment of counterparty risk, the Company will adjust its exposure to various counterparties. Autodesk generally enters into master netting arrangements, which reduce credit risk by permitting net settlement of transactions with the same counterparty. However, Autodesk does not have any master netting arrangements in place with collateral features. | ||||||||||||||||||||
Autodesk accounts for its derivative instruments as either assets or liabilities on the balance sheet and carries them at fair value. Gains and losses resulting from changes in fair value are accounted for depending on the use of the derivative and whether it is designated and qualifies for hedge accounting. Derivatives that do not qualify for hedge accounting are adjusted to fair value through earnings. See Note 2, "Financial Instruments" for information regarding Autodesk's hedging activities. | ||||||||||||||||||||
Cash and Cash Equivalents, Policy | ' | |||||||||||||||||||
Cash and Cash Equivalents | ||||||||||||||||||||
Autodesk considers all highly liquid investments with insignificant interest rate risk and remaining maturities of three months or less at the date of purchase to be cash equivalents. Cash equivalents are recorded at cost, which approximates fair value. | ||||||||||||||||||||
Marketable Securities, Policy | ' | |||||||||||||||||||
Marketable Securities | ||||||||||||||||||||
Marketable securities are stated at fair value. Marketable securities maturing within one year that are not restricted are classified as current assets. | ||||||||||||||||||||
Autodesk determines the appropriate classification of its marketable securities at the time of purchase and re-evaluates such classification as of each balance sheet date. Autodesk carries all “available-for-sale securities” at fair value, with unrealized gains and losses, net of tax, reported in stockholders’ equity until disposition or maturity. Autodesk carries all “trading securities” at fair value, with unrealized gains and losses, recorded in “Interest and other income, net” in the Company’s Consolidated Statements of Operations. | ||||||||||||||||||||
All of Autodesk’s marketable securities are subject to a periodic impairment review. The Company recognizes an impairment charge when a decline in the fair value of its investments below the cost basis is judged to be other-than-temporary. Autodesk considers various factors in determining whether to recognize an impairment charge, including the length of time and extent to which the fair value has been less than Autodesk’s cost basis, the financial condition and near-term prospects of the investee, and Autodesk’s intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in the market value. Autodesk did not record any other-than temporary impairment charges during fiscal years ended 2014, 2013 and 2012. For additional information, see “Concentration of Credit Risk” within this Note 1 and Note 2, “Financial Instruments.” | ||||||||||||||||||||
Accounts Receivable, Net, Policy | ' | |||||||||||||||||||
Allowances for uncollectible trade receivables are based upon historical loss patterns, the number of days that billings are past due and an evaluation of the potential risk of loss associated with problem accounts. | ||||||||||||||||||||
The product returns reserves are 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. | ||||||||||||||||||||
As part of the indirect channel model, Autodesk has a partner incentive program that uses quarterly attainment monetary rewards to motivate distributors and resellers to achieve mutually agreed upon business goals in a specified time period. A portion of these incentives reduce license and other revenue in the current period. The remainder, which relates to incentives on our Subscription Program, is recorded as a reduction to deferred revenue in the period the maintenance transaction is billed and subsequently recognized as a reduction to maintenance revenue over the contract period. These incentive balances do not require significant assumptions or judgments. The reserves associated with the partner incentive program are treated on the balance sheet as either contra account receivable (when due to distributors and direct resellers) or accounts payable (when due to indirect resellers). | ||||||||||||||||||||
Concentration of Credit Risk, Policy | ' | |||||||||||||||||||
Concentration of Credit Risk | ||||||||||||||||||||
Autodesk places its cash, cash equivalents and marketable securities in highly liquid instruments with, and in the custody of, diversified financial institutions globally with high credit ratings and limits the amounts invested with any one institution, type of security and issuer. | ||||||||||||||||||||
Geographical concentrations of consolidated cash, cash equivalents and marketable securities held by Autodesk as of January 31: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
United States | 25 | % | 29 | % | ||||||||||||||||
Other Americas | 1 | % | 1 | % | ||||||||||||||||
Europe, Middle East and Africa (“EMEA”) | 57 | % | 38 | % | ||||||||||||||||
Asia Pacific (“APAC”) | 17 | % | 32 | % | ||||||||||||||||
Autodesk’s primary commercial banking relationship is with Citigroup Inc. and its global affiliates. Citibank, N.A., an affiliate of Citigroup, is one of the lead lenders and an agent in the syndicate of Autodesk’s $400.0 million line of credit facility. It is Autodesk’s policy to limit the amounts invested with any one institution by type of security and issuer. | ||||||||||||||||||||
Autodesk’s accounts receivable are derived from sales to a large number of resellers, distributors and direct customers in the Americas; EMEA; and APAC geographies. Autodesk performs ongoing evaluations of these partners' financial condition and limits the amount of credit extended when deemed necessary, but generally does not require collateral from such parties. Total sales to the Company's largest distributor Tech Data Corporation, and its global affiliates (“Tech Data”), accounted for 24%, 23% and 21% of Autodesk's net revenue for fiscal years ended 2014, 2013 and 2012, respectively. The majority of the net revenue from sales to Tech Data relates to Autodesk's Platform Solutions and Emerging Business ("PSEB") segment and is for sales made outside of the United States. In addition, Tech Data accounted for 24% and 23% of trade accounts receivable at January 31, 2014 and 2013, respectively. | ||||||||||||||||||||
Computer Equipment, Software, Furniture and Leasehold Improvements, Net, Policy | ' | |||||||||||||||||||
Computer Equipment, Software, Furniture and Leasehold Improvements, Net | ||||||||||||||||||||
Computer equipment, software and furniture are depreciated using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the lease term. Depreciation expense was $47.2 million in fiscal 2014, $45.6 million in fiscal 2013 and $43.7 million in fiscal 2012. | ||||||||||||||||||||
Computer equipment, software, furniture, leasehold improvements and the related accumulated depreciation at January 31 were as follows: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Computer hardware, at cost | $ | 163 | $ | 152.3 | ||||||||||||||||
Computer software, at cost | 80.9 | 95.1 | ||||||||||||||||||
Leasehold improvements, land and buildings, at cost | 163.7 | 152.4 | ||||||||||||||||||
Furniture and equipment, at cost | 51.7 | 46 | ||||||||||||||||||
Computer software, hardware, leasehold improvements, furniture and equipment, at cost | 459.3 | 445.8 | ||||||||||||||||||
Less: Accumulated depreciation | (329.0 | ) | (330.9 | ) | ||||||||||||||||
Computer software, hardware, leasehold improvements, furniture and equipment, net | $ | 130.3 | $ | 114.9 | ||||||||||||||||
Costs incurred for computer software developed or obtained for internal use are capitalized for application development activities, if material, and immediately expensed for preliminary project activities and post-implementation activities. These capitalized costs are amortized over the software’s expected useful life, which is generally three years. During fiscal 2014, Autodesk wrote-off $48.2 million of fully depreciated assets. | ||||||||||||||||||||
Software Development Costs, Policy | ' | |||||||||||||||||||
Software Development Costs | ||||||||||||||||||||
Software development costs incurred prior to the establishment of technological feasibility are included in research and development expenses. Autodesk defines establishment of technological feasibility as the completion of a working model. Software development costs incurred subsequent to the establishment of technological feasibility through the period of general market availability of the products are capitalized and generally amortized over a three year period, if material. Autodesk had no capitalized software development costs at January 31, 2014 and January 31, 2013. | ||||||||||||||||||||
Other Intangible Assets, Policy | ' | |||||||||||||||||||
Other Intangible Assets, Net | ||||||||||||||||||||
Other intangible assets include purchased technologies, customer relationships, trade names and the related accumulated amortization. These assets are shown as “Purchased technologies, net” and as part of “Other assets” in the Consolidated Balance Sheet. The majority of Autodesk’s other intangible assets are amortized to expense over the estimated economic life of the product, which ranges from one to ten years. Amortization expense for purchased technologies, customer relationships, trade names, patents, and user lists was $80.7 million in fiscal 2014, $82.0 million in fiscal 2013 and $71.8 million in fiscal 2012. | ||||||||||||||||||||
Other intangible assets and related accumulated amortization at January 31 were as follows: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Purchased technologies, at cost | $ | 462.4 | $ | 431 | ||||||||||||||||
Customer relationships, trade names, patents and user lists, at cost (1) | 268.1 | 259.5 | ||||||||||||||||||
730.5 | 690.5 | |||||||||||||||||||
Less: Accumulated amortization | (626.2 | ) | (546.3 | ) | ||||||||||||||||
Other intangible assets, net | $ | 104.3 | $ | 144.2 | ||||||||||||||||
____________________ | ||||||||||||||||||||
-1 | Included as a net balance in “Other assets” in the Consolidated Balance Sheet. Customer relationships and trade names include the effects of foreign currency translation. | |||||||||||||||||||
The weighted average amortization period for purchased technologies, customer relationships and trade names during fiscal 2014 was 4.1 years. Expected future amortization expense for purchased technologies, customer relationships and trade names, patents and user lists for each of the fiscal years ended thereafter is as follows: | ||||||||||||||||||||
Fiscal Year ended | ||||||||||||||||||||
January 31, | ||||||||||||||||||||
2015 | $ | 59.1 | ||||||||||||||||||
2016 | 30.8 | |||||||||||||||||||
2017 | 11.1 | |||||||||||||||||||
2018 | 1.2 | |||||||||||||||||||
2019 | 0.5 | |||||||||||||||||||
Thereafter | 0.8 | |||||||||||||||||||
Total | $ | 103.5 | ||||||||||||||||||
Goodwill, Policy | ' | |||||||||||||||||||
Goodwill | ||||||||||||||||||||
Goodwill consists of the excess of cost over the fair value of net assets acquired in business combinations. Autodesk assigns goodwill to the reportable segment associated with each business combination, and tests goodwill for impairment annually in its fourth fiscal quarter or more often if circumstances indicate a potential impairment. For purposes of the goodwill impairment test, a reporting unit is an operating segment or one level below. Autodesk's operating segments are aligned with the management principles of Autodesk's business. | ||||||||||||||||||||
Accounting Standard Update No. 2011-08, "Testing Goodwill for Impairment" provides Autodesk the option to perform an assessment of qualitative factors of impairment (“optional assessment”) prior to necessitating a two-step quantitative impairment test. Should the optional assessment be utilized for any given fiscal year, qualitative factors to consider include cost factors; financial performance; legal, regulatory, contractual, political, business, or other factors; entity specific factors; industry and market considerations, macroeconomic conditions, and other relevant events and factors affecting the reporting unit. If, after assessing the totality of events or circumstances, it is more likely than not that the fair value of the reporting unit is greater than its carrying value, then performing the two-step impairment test is unnecessary. | ||||||||||||||||||||
Therefore, the two-step quantitative impairment test is necessary when either Autodesk does not utilize the optional assessment or, as a result of the optional assessment, it is not more likely than not that the fair value of the reporting unit is greater than its carrying value. In performing the two-step impairment test, Autodesk uses discounted cash flow models which include assumptions regarding projected cash flows. Variances in these assumptions could have a significant impact on Autodesk's conclusion as to whether goodwill is impaired, or the amount of any impairment charge. Impairment charges, if any, result from instances where the fair values of net assets associated with goodwill are less than their carrying values. As changes in business conditions and assumptions occur, Autodesk may be required to record impairment charges. The process of evaluating the potential impairment of goodwill is subjective and requires significant judgment at many points during the analysis. The value of Autodesk’s goodwill could also be impacted by future adverse changes such as: (i) declines in Autodesk’s actual financial results, (ii) a sustained decline in Autodesk’s market capitalization, (iii) significant slowdown in the worldwide economy or the industries Autodesk serves, or (iv) changes in Autodesk’s business strategy or internal financial results forecasts. | ||||||||||||||||||||
For the fiscal 2014 annual goodwill impairment testing, Autodesk had four reporting units: Platform Solutions and Emerging Business (“PSEB”), Manufacturing ("MFG"), Architecture, Engineering and Construction ("AEC") and Media and Entertainment ("M&E"). For each of four reporting units, Autodesk did not utilize the optional assessment but rather performed the quantitative two-step impairment test. In performing the quantitative two-step test, Autodesk used a discounted cash flow model which included assumptions regarding projected cash flows. Based on this testing, Autodesk determined that the fair value was substantially in excess of the carrying value for each of the four reporting units and that there was no impairment of goodwill during the year ended January 31, 2014. In addition, Autodesk did not recognize any goodwill impairment losses in fiscal 2013 or 2012. | ||||||||||||||||||||
The change in the carrying amount of goodwill during the year ended January 31, 2014 is as follows: | ||||||||||||||||||||
Platform | Architecture, | Manufacturing | Media and | Total | ||||||||||||||||
Solutions and | Engineering | Entertainment | ||||||||||||||||||
Emerging | and | |||||||||||||||||||
Business | Construction | |||||||||||||||||||
Balance as of January 31, 2013 | ||||||||||||||||||||
Goodwill | $ | 129.5 | $ | 310.3 | $ | 389.9 | $ | 191 | $ | 1,020.70 | ||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
129.5 | 310.3 | 389.9 | 41.8 | 871.5 | ||||||||||||||||
Graitec SA | — | 73.4 | 73.4 | |||||||||||||||||
Goodwill acquired from other acquisitions | 12.8 | 32 | 22.2 | — | 67 | |||||||||||||||
Effect of foreign currency translation, purchase accounting adjustments and other | — | (0.5 | ) | (0.5 | ) | (1.0 | ) | (2.0 | ) | |||||||||||
Balance as of January 31, 2014 | ||||||||||||||||||||
Goodwill | 142.3 | 415.2 | 411.6 | 190 | 1,159.10 | |||||||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
$ | 142.3 | $ | 415.2 | $ | 411.6 | $ | 40.8 | $ | 1,009.90 | |||||||||||
The change in the carrying amount of goodwill during the year ended January 31, 2013 is as follows: | ||||||||||||||||||||
Platform | Architecture, | Manufacturing | Media and | Total | ||||||||||||||||
Solutions and | Engineering | Entertainment | ||||||||||||||||||
Emerging | and | |||||||||||||||||||
Business | Construction | |||||||||||||||||||
Balance as of January 31, 2012 | ||||||||||||||||||||
Goodwill | $ | 76.6 | $ | 247.7 | $ | 323.3 | $ | 184 | $ | 831.6 | ||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
76.6 | 247.7 | 323.3 | 34.8 | 682.4 | ||||||||||||||||
Vela Systems | — | 57.6 | — | — | 57.6 | |||||||||||||||
Socialcam | 23 | — | — | — | 23 | |||||||||||||||
Qontext | 24 | — | — | — | 24 | |||||||||||||||
PI-VR | — | — | 36.8 | — | 36.8 | |||||||||||||||
Goodwill acquired from other acquisitions | 5.6 | 4.3 | 29.2 | 7 | 46.1 | |||||||||||||||
Effect of foreign currency translation, purchase accounting adjustments and other | 0.3 | 0.7 | 0.6 | — | 1.6 | |||||||||||||||
Balance as of January 31, 2013 | ||||||||||||||||||||
Goodwill | 129.5 | 310.3 | 389.9 | 191 | 1,020.70 | |||||||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
$ | 129.5 | $ | 310.3 | $ | 389.9 | $ | 41.8 | $ | 871.5 | |||||||||||
Purchase accounting adjustments reflect revisions made to the Company’s preliminary purchase price allocations during fiscal 2014 and 2013. | ||||||||||||||||||||
Impairment of Long-Lived Assets, Policy | ' | |||||||||||||||||||
Impairment of Long-Lived Assets | ||||||||||||||||||||
At least annually or more frequently as circumstances dictate, Autodesk reviews its long-lived assets for impairment whenever impairment indicators exist. Autodesk continually monitors events and changes in circumstances that could indicate the carrying amounts of its long-lived assets may not be recoverable. When such events or changes in circumstances occur, Autodesk assesses recoverability of these assets. Recoverability is measured by comparison of the carrying amounts of the assets to the future undiscounted cash flows the assets are expected to generate. If the long-lived assets are considered to be impaired, the impairment to be recognized is equal to the amount by which the carrying value of the assets exceeds its fair market value. There was no impairment of long-lived assets during the year ended January 31, 2014. In addition, Autodesk did not recognize any impairment of long-lived assets during the years ended January 31, 2013 and 2012. | ||||||||||||||||||||
In addition to the recoverability assessments, Autodesk routinely reviews the remaining estimated useful lives of its long-lived assets. Any reduction in the useful life assumption will result in increased depreciation and amortization expense in the quarter when such determinations are made, as well as in subsequent quarters. | ||||||||||||||||||||
Deferred Tax Assets, Policy | ' | |||||||||||||||||||
Deferred Tax Assets | ||||||||||||||||||||
Deferred tax assets arise primarily from tax credits, net operating losses, and timing differences for reserves, accrued liabilities, stock options, purchased technologies and capitalized intangibles, partially offset by the establishment of U.S. deferred tax liabilities on unremitted earnings from certain foreign subsidiaries, deferred tax liabilities associated with tax method change on advance payments, and a valuation allowance against California and Canadian deferred tax assets. They are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce gross deferred tax assets to the amount “more likely than not” expected to be realized. | ||||||||||||||||||||
Revenue Recognition, Policy | ' | |||||||||||||||||||
Revenue Recognition | ||||||||||||||||||||
Autodesk recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collection is probable. | ||||||||||||||||||||
For multiple element arrangements containing only software and software-related elements, Autodesk allocates the sales price among each of the deliverables using the residual method, under which revenue is allocated to undelivered elements based on their vendor-specific objective evidence (“VSOE”) of fair value. VSOE is the price charged when an element is sold separately or a price set by management with the relevant authority. If Autodesk does not have VSOE of an undelivered element, revenue recognition is deferred on the entire sales arrangement until all elements for which Autodesk does not have VSOE are delivered. If Autodesk does not have VSOE for undelivered maintenance or services, the revenue for the arrangement is recognized over the longest contractual service period in the arrangement. Revenue recognition for significant lines of business is discussed further below. | ||||||||||||||||||||
For multiple elements arrangements involving non-software elements, including cloud subscription services, our revenue recognition policy is based upon the accounting guidance contained in ASC 605, Revenue Recognition. For these arrangements, we first allocate the total arrangement consideration based on the relative selling prices of the software group of elements as a whole and to the non-software elements. We then further allocate consideration within the software group to the respective elements within that group using the residual method as described above. Autodesk exercises judgment and uses estimates in connection with the determination of the amount of revenue to be recognized in each accounting period. | ||||||||||||||||||||
Autodesk’s assessment of likelihood of collection is also a critical element in determining the timing of revenue recognition. If collection is not probable, the revenue will be deferred until the earlier of when collection is deemed probable or cash is received. | ||||||||||||||||||||
License and other revenue are comprised of two components: (1) all forms of product license revenue and (2) other revenue. | ||||||||||||||||||||
(1) All Forms of Product License Revenue | ||||||||||||||||||||
Product license revenue includes: software license revenue from the sale of new seat licenses and upgrades and product revenue for Creative Finishing. | ||||||||||||||||||||
(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. | ||||||||||||||||||||
Our Subscription revenue consists of two components: maintenance revenue for our software products and revenue for our cloud service offerings, including Autodesk 360. Our maintenance program provides our commercial and educational customers of perpetual products with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance program, customers are eligible to receive unspecified upgrades when and if available, downloadable training courses and online support. We recognize maintenance revenue ratably over the term of the maintenance agreement, which is generally between one and three years but can occasionally be as long as five years. Revenue for our cloud service offerings is recognized ratably over the contract term commencing with the date our service is made available to customers and all other revenue recognition criteria have been satisfied. | ||||||||||||||||||||
Taxes Collected from Customers | ' | |||||||||||||||||||
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 Cost, Policy | ' | |||||||||||||||||||
Shipping and Handling Costs | ||||||||||||||||||||
Shipping and handling costs are included in cost of revenue for all periods presented. | ||||||||||||||||||||
Stock-Based Compensation Expense, Policy | ' | |||||||||||||||||||
Stock-based Compensation Expense | ||||||||||||||||||||
The following table summarizes stock-based compensation expense for fiscal 2014, 2013 and 2012, respectively, as follows: | ||||||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Cost of license and other revenue | $ | 3.8 | $ | 3.7 | $ | 2.7 | ||||||||||||||
Cost of subscription | 2.2 | 1.5 | 1.2 | |||||||||||||||||
Marketing and sales | 58.6 | 64.3 | 48.3 | |||||||||||||||||
Research and development | 43.7 | 61.8 | 38.1 | |||||||||||||||||
General and administrative | 23.9 | 25 | 18.5 | |||||||||||||||||
Stock-based compensation expense related to stock awards and ESP Plan purchases | 132.2 | 156.3 | 108.8 | |||||||||||||||||
Tax benefit | (36.4 | ) | (35.5 | ) | (27.1 | ) | ||||||||||||||
Stock-based compensation expense related to stock awards and ESP Plan purchases, net | $ | 95.8 | $ | 120.8 | $ | 81.7 | ||||||||||||||
Autodesk determines the grant-date fair value of its share-based payment awards using a Black-Scholes Merton Option pricing model or the quoted stock price on the date of grant, unless the awards are subject to market conditions, in which case Autodesk uses a binomial-lattice model (e.g., Monte Carlo simulation model). The Monte Carlo simulation model utilizes multiple input variables to estimate the probability that market conditions will be achieved. Autodesk uses the following assumptions to estimate the fair value of stock-based awards: | ||||||||||||||||||||
Fiscal Year Ended | Fiscal Year Ended | Fiscal Year Ended | ||||||||||||||||||
January 31, 2014 | January 31, 2013 | January 31, 2012 | ||||||||||||||||||
Performance Stock Unit (1) | ESP Plan | Stock Option (2) | ESP Plan | Stock Option (2) | ESP Plan | |||||||||||||||
Range of expected volatilities | 34% | 27 - 36% | 41 - 45% | 41 - 44% | 40 - 49% | 34 - 44% | ||||||||||||||
Range of expected lives (in years) | N/A | 0.5 - 2.0 | 3.6 - 4.6 | 0.5 - 2.0 | 2.6 - 4.8 | 0.5 - 2.0 | ||||||||||||||
Expected dividends | —% | —% | —% | —% | —% | —% | ||||||||||||||
Range of risk-free interest rates | 0.10% | 0.1 - 0.4% | 0.5 - 0.8% | 0.1 - 0.3% | 0.5 - 1.9% | 0.1 - 0.8% | ||||||||||||||
Expected forfeitures | 7.2 - 7.7% | 7.2 - 7.7% | 7.7 - 7.8% | 7.7 - 7.8% | 7.8 - 10.5% | 7.8 - 10.5% | ||||||||||||||
_______________ | ||||||||||||||||||||
-1 | Autodesk did not grant PSUs in fiscal 2013 and 2012 that were subject to market conditions. | |||||||||||||||||||
-2 | Autodesk did not grant stock options in fiscal 2014. | |||||||||||||||||||
Autodesk estimates expected volatility for stock-based awards based on the average of the following two measures. The first is a measure of historical volatility in the trading market for the Company’s common stock, and the second is the implied volatility of traded forward call options to purchase shares of the Company’s common stock. The expected volatility for PSUs subject to market conditions includes the expected volatility of Autodesk's peer companies within the S&P Computer Software Select Index. | ||||||||||||||||||||
Autodesk estimates the expected life of stock-based awards using both exercise behavior and post-vesting termination behavior as well as consideration of outstanding options. | ||||||||||||||||||||
Autodesk did not pay cash dividends in fiscal 2014, 2013 or 2012 and does not anticipate paying any cash dividends in the foreseeable future. Consequently, an expected dividend yield of zero is used in the Black-Scholes-Merton option pricing model and the Monte Carlo simulation model. | ||||||||||||||||||||
The risk-free interest rate used in the Black-Scholes-Merton option pricing model and the Monte Carlo simulation model for stock-based awards is the historical yield on U.S. Treasury securities with equivalent remaining lives. | ||||||||||||||||||||
Autodesk recognizes expense only for the stock-based awards that are ultimately expected to vest. Therefore, Autodesk has developed an estimate of the number of awards expected to cancel prior to vesting (“forfeiture rate”). The forfeiture rate is estimated based on historical pre-vest cancellation experience and is applied to all stock-based awards. The Company estimates forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ from those estimates. | ||||||||||||||||||||
Advertising Expenses, Policy | ' | |||||||||||||||||||
Advertising Expenses | ||||||||||||||||||||
Advertising costs are expensed as incurred. | ||||||||||||||||||||
Net Income Per Share, Policy | ' | |||||||||||||||||||
Net Income Per Share | ||||||||||||||||||||
Basic net income per share is computed based on the weighted average number of shares of common stock outstanding for the period, excluding stock options and restricted stock units. Diluted net income per share is computed based upon the weighted average shares of common shares outstanding for the period and potentially dilutive common shares, including the effect of stock options and restricted stock units under the treasury stock method. | ||||||||||||||||||||
Accounting Standards in Fiscal 2014, Policy | ' | |||||||||||||||||||
Accounting Standards in Fiscal 2014 | ||||||||||||||||||||
With the exception of those discussed below, there have been no recent changes in accounting pronouncements issued by the FASB or adopted by the Company during the fiscal year ended January 31, 2014, that are of significance, or potential significance, to the Company. | ||||||||||||||||||||
Accounting Standards Adopted | ||||||||||||||||||||
Effective February 1, 2013, Autodesk adopted FASB's Accounting Standards Update (“ASU”) 2013-02, Comprehensive Income (Topic 220) - Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires additional disclosure about the changes in the components of accumulated other comprehensive income, including amounts reclassified and amounts due to current period other comprehensive income. The adoption of this standard did not impact the Company's financial condition, results of operations or cash flows. | ||||||||||||||||||||
Effective February 1, 2013, Autodesk adopted FASB's ASU 2011-11 and ASU 2013-01 regarding ASC Topic 210 “Balance Sheet: Disclosure about Offsetting Assets and Liabilities.” This ASU requires that entities disclose additional information about offsetting and related arrangements to enable users of the financial statements to understand the effect of those arrangements on the financial position. The adoption of this standard did not impact the Company's financial condition, results of operations or cash flows. | ||||||||||||||||||||
Recently Issued Accounting Standards | ||||||||||||||||||||
In July 2013, the FASB issued ASU 2013-11 regarding ASC Topic 740 “Income Tax.” This ASU clarifies the guidance on the presentation of an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. This ASU will be effective for Autodesk's fiscal year beginning February 1, 2014. Early adoption is permitted. At this time, Autodesk expects that the adoption of this ASU will impact the presentation of tax assets and liabilities on the statement of financial position, but will not impact its consolidated financial position, results of operations or cash flows. |
Business_and_Summary_of_Signif2
Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Business and Summary of Significant Accounting Policies [Abstract] | ' | |||||||||||||||||||
Schedule of Reclassification Amount | ' | |||||||||||||||||||
These revenues and expenses have been reclassified in the Consolidated Statements of Operations for fiscal years 2013 and 2012 to conform to the current period presentation as follows: | ||||||||||||||||||||
Fiscal year ended January 31, | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Reclassifications within revenue: | ||||||||||||||||||||
Decrease to License and other revenue | $ | (26.5 | ) | $ | (23.2 | ) | ||||||||||||||
Increase to Subscription revenue | 26.5 | 23.2 | ||||||||||||||||||
Reclassifications within cost of revenue: | ||||||||||||||||||||
Decrease to Cost of license and other revenue | $ | (32.1 | ) | $ | (20.5 | ) | ||||||||||||||
Increase to Cost of subscription revenue | 32.1 | 20.5 | ||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable | ' | |||||||||||||||||||
Accounts receivable, net, consisted of the following as of January 31: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Trade accounts receivable | $ | 464.6 | $ | 531.1 | ||||||||||||||||
Less: Allowance for doubtful accounts | (4.9 | ) | (5.6 | ) | ||||||||||||||||
Product returns reserve | (4.0 | ) | (4.9 | ) | ||||||||||||||||
Partner programs and other obligations | (32.0 | ) | (25.5 | ) | ||||||||||||||||
Accounts receivable, net | $ | 423.7 | $ | 495.1 | ||||||||||||||||
Concentration Risk Disclosure | ' | |||||||||||||||||||
Geographical concentrations of consolidated cash, cash equivalents and marketable securities held by Autodesk as of January 31: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
United States | 25 | % | 29 | % | ||||||||||||||||
Other Americas | 1 | % | 1 | % | ||||||||||||||||
Europe, Middle East and Africa (“EMEA”) | 57 | % | 38 | % | ||||||||||||||||
Asia Pacific (“APAC”) | 17 | % | 32 | % | ||||||||||||||||
Property, Plant and Equipment | ' | |||||||||||||||||||
Computer equipment, software, furniture, leasehold improvements and the related accumulated depreciation at January 31 were as follows: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Computer hardware, at cost | $ | 163 | $ | 152.3 | ||||||||||||||||
Computer software, at cost | 80.9 | 95.1 | ||||||||||||||||||
Leasehold improvements, land and buildings, at cost | 163.7 | 152.4 | ||||||||||||||||||
Furniture and equipment, at cost | 51.7 | 46 | ||||||||||||||||||
Computer software, hardware, leasehold improvements, furniture and equipment, at cost | 459.3 | 445.8 | ||||||||||||||||||
Less: Accumulated depreciation | (329.0 | ) | (330.9 | ) | ||||||||||||||||
Computer software, hardware, leasehold improvements, furniture and equipment, net | $ | 130.3 | $ | 114.9 | ||||||||||||||||
Schedule of Finite-Lived Intangible Assets by Major Class | ' | |||||||||||||||||||
Other intangible assets and related accumulated amortization at January 31 were as follows: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Purchased technologies, at cost | $ | 462.4 | $ | 431 | ||||||||||||||||
Customer relationships, trade names, patents and user lists, at cost (1) | 268.1 | 259.5 | ||||||||||||||||||
730.5 | 690.5 | |||||||||||||||||||
Less: Accumulated amortization | (626.2 | ) | (546.3 | ) | ||||||||||||||||
Other intangible assets, net | $ | 104.3 | $ | 144.2 | ||||||||||||||||
____________________ | ||||||||||||||||||||
-1 | Included as a net balance in “Other assets” in the Consolidated Balance Sheet. Customer relationships and trade names include the effects of foreign currency translation. | |||||||||||||||||||
Schedule of Expected Amortization Expense | ' | |||||||||||||||||||
Expected future amortization expense for purchased technologies, customer relationships and trade names, patents and user lists for each of the fiscal years ended thereafter is as follows: | ||||||||||||||||||||
Fiscal Year ended | ||||||||||||||||||||
January 31, | ||||||||||||||||||||
2015 | $ | 59.1 | ||||||||||||||||||
2016 | 30.8 | |||||||||||||||||||
2017 | 11.1 | |||||||||||||||||||
2018 | 1.2 | |||||||||||||||||||
2019 | 0.5 | |||||||||||||||||||
Thereafter | 0.8 | |||||||||||||||||||
Total | $ | 103.5 | ||||||||||||||||||
Schedule of Goodwill | ' | |||||||||||||||||||
The change in the carrying amount of goodwill during the year ended January 31, 2014 is as follows: | ||||||||||||||||||||
Platform | Architecture, | Manufacturing | Media and | Total | ||||||||||||||||
Solutions and | Engineering | Entertainment | ||||||||||||||||||
Emerging | and | |||||||||||||||||||
Business | Construction | |||||||||||||||||||
Balance as of January 31, 2013 | ||||||||||||||||||||
Goodwill | $ | 129.5 | $ | 310.3 | $ | 389.9 | $ | 191 | $ | 1,020.70 | ||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
129.5 | 310.3 | 389.9 | 41.8 | 871.5 | ||||||||||||||||
Graitec SA | — | 73.4 | 73.4 | |||||||||||||||||
Goodwill acquired from other acquisitions | 12.8 | 32 | 22.2 | — | 67 | |||||||||||||||
Effect of foreign currency translation, purchase accounting adjustments and other | — | (0.5 | ) | (0.5 | ) | (1.0 | ) | (2.0 | ) | |||||||||||
Balance as of January 31, 2014 | ||||||||||||||||||||
Goodwill | 142.3 | 415.2 | 411.6 | 190 | 1,159.10 | |||||||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
$ | 142.3 | $ | 415.2 | $ | 411.6 | $ | 40.8 | $ | 1,009.90 | |||||||||||
The change in the carrying amount of goodwill during the year ended January 31, 2013 is as follows: | ||||||||||||||||||||
Platform | Architecture, | Manufacturing | Media and | Total | ||||||||||||||||
Solutions and | Engineering | Entertainment | ||||||||||||||||||
Emerging | and | |||||||||||||||||||
Business | Construction | |||||||||||||||||||
Balance as of January 31, 2012 | ||||||||||||||||||||
Goodwill | $ | 76.6 | $ | 247.7 | $ | 323.3 | $ | 184 | $ | 831.6 | ||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
76.6 | 247.7 | 323.3 | 34.8 | 682.4 | ||||||||||||||||
Vela Systems | — | 57.6 | — | — | 57.6 | |||||||||||||||
Socialcam | 23 | — | — | — | 23 | |||||||||||||||
Qontext | 24 | — | — | — | 24 | |||||||||||||||
PI-VR | — | — | 36.8 | — | 36.8 | |||||||||||||||
Goodwill acquired from other acquisitions | 5.6 | 4.3 | 29.2 | 7 | 46.1 | |||||||||||||||
Effect of foreign currency translation, purchase accounting adjustments and other | 0.3 | 0.7 | 0.6 | — | 1.6 | |||||||||||||||
Balance as of January 31, 2013 | ||||||||||||||||||||
Goodwill | 129.5 | 310.3 | 389.9 | 191 | 1,020.70 | |||||||||||||||
Accumulated impairment losses | — | — | — | (149.2 | ) | (149.2 | ) | |||||||||||||
$ | 129.5 | $ | 310.3 | $ | 389.9 | $ | 41.8 | $ | 871.5 | |||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | |||||||||||||||||||
The following table summarizes stock-based compensation expense for fiscal 2014, 2013 and 2012, respectively, as follows: | ||||||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Cost of license and other revenue | $ | 3.8 | $ | 3.7 | $ | 2.7 | ||||||||||||||
Cost of subscription | 2.2 | 1.5 | 1.2 | |||||||||||||||||
Marketing and sales | 58.6 | 64.3 | 48.3 | |||||||||||||||||
Research and development | 43.7 | 61.8 | 38.1 | |||||||||||||||||
General and administrative | 23.9 | 25 | 18.5 | |||||||||||||||||
Stock-based compensation expense related to stock awards and ESP Plan purchases | 132.2 | 156.3 | 108.8 | |||||||||||||||||
Tax benefit | (36.4 | ) | (35.5 | ) | (27.1 | ) | ||||||||||||||
Stock-based compensation expense related to stock awards and ESP Plan purchases, net | $ | 95.8 | $ | 120.8 | $ | 81.7 | ||||||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | ' | |||||||||||||||||||
Autodesk uses the following assumptions to estimate the fair value of stock-based awards: | ||||||||||||||||||||
Fiscal Year Ended | Fiscal Year Ended | Fiscal Year Ended | ||||||||||||||||||
January 31, 2014 | January 31, 2013 | January 31, 2012 | ||||||||||||||||||
Performance Stock Unit (1) | ESP Plan | Stock Option (2) | ESP Plan | Stock Option (2) | ESP Plan | |||||||||||||||
Range of expected volatilities | 34% | 27 - 36% | 41 - 45% | 41 - 44% | 40 - 49% | 34 - 44% | ||||||||||||||
Range of expected lives (in years) | N/A | 0.5 - 2.0 | 3.6 - 4.6 | 0.5 - 2.0 | 2.6 - 4.8 | 0.5 - 2.0 | ||||||||||||||
Expected dividends | —% | —% | —% | —% | —% | —% | ||||||||||||||
Range of risk-free interest rates | 0.10% | 0.1 - 0.4% | 0.5 - 0.8% | 0.1 - 0.3% | 0.5 - 1.9% | 0.1 - 0.8% | ||||||||||||||
Expected forfeitures | 7.2 - 7.7% | 7.2 - 7.7% | 7.7 - 7.8% | 7.7 - 7.8% | 7.8 - 10.5% | 7.8 - 10.5% | ||||||||||||||
_______________ | ||||||||||||||||||||
-1 | Autodesk did not grant PSUs in fiscal 2013 and 2012 that were subject to market conditions. | |||||||||||||||||||
-2 | Autodesk did not grant stock options in fiscal 2014. |
Financial_Instruments_Tables
Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||||||||||||||||
Investments, All Other Investments [Abstract] | ' | ||||||||||||||||||||||||||||||
Cost and Fair Value of Financial Instruments Disclosure | ' | ||||||||||||||||||||||||||||||
The following tables summarizes the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of January 31, 2014 and 2013. | |||||||||||||||||||||||||||||||
January 31, 2014 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross unrealized gains | Gross unrealized losses | Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
Cash equivalents (1): | |||||||||||||||||||||||||||||||
Certificates of deposit and time deposits | $ | 280.7 | $ | — | $ | — | $ | 280.7 | $ | 30.4 | $ | 250.3 | $ | — | |||||||||||||||||
Municipal securities | 2 | — | — | 2 | 2 | — | — | ||||||||||||||||||||||||
Commercial paper | 280.5 | — | — | 280.5 | — | 280.5 | — | ||||||||||||||||||||||||
Money market funds | 262.8 | — | — | 262.8 | — | 262.8 | — | ||||||||||||||||||||||||
Marketable securities: | |||||||||||||||||||||||||||||||
Short-term available for sale | |||||||||||||||||||||||||||||||
Commercial paper and corporate debt securities | 261 | — | — | 261 | 95.4 | 165.6 | — | ||||||||||||||||||||||||
Time deposits | 37.1 | — | — | 37.1 | — | 37.1 | — | ||||||||||||||||||||||||
U.S. government agency securities | 11.3 | — | — | 11.3 | 11.3 | — | — | ||||||||||||||||||||||||
Agency bond | 42.7 | — | — | 42.7 | 42.7 | — | — | ||||||||||||||||||||||||
Municipal securities | 11.7 | — | — | 11.7 | 11.7 | — | — | ||||||||||||||||||||||||
Other (2) | 11.4 | — | — | 11.4 | 11.4 | — | — | ||||||||||||||||||||||||
Short-term trading securities | |||||||||||||||||||||||||||||||
Mutual funds | 35.6 | 3.3 | — | 38.9 | 38.9 | — | — | ||||||||||||||||||||||||
Long-term available for sale | |||||||||||||||||||||||||||||||
Corporate debt securities | 179.7 | 0.7 | (0.1 | ) | 180.3 | 180.3 | — | — | |||||||||||||||||||||||
Agency bond | 43.3 | 0.1 | — | 43.4 | 43.4 | — | — | ||||||||||||||||||||||||
U.S. government agency securities | 9.8 | — | — | 9.8 | 9.8 | — | — | ||||||||||||||||||||||||
Municipal securities | 43.5 | 0.3 | — | 43.8 | 43.8 | — | — | ||||||||||||||||||||||||
Convertible debt securities (3) | 21.4 | 3.2 | (4.4 | ) | 20.2 | — | — | 20.2 | |||||||||||||||||||||||
Derivative contracts (4) | 10.8 | 14.8 | (6.0 | ) | 19.6 | — | 10.5 | 9.1 | |||||||||||||||||||||||
Total | $ | 1,545.30 | $ | 22.4 | $ | (10.5 | ) | $ | 1,557.20 | $ | 521.1 | $ | 1,006.80 | $ | 29.3 | ||||||||||||||||
____________________ | |||||||||||||||||||||||||||||||
-1 | Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-2 | Consists of agency discount notes, U.S. treasury bills, and other short-term securities. | ||||||||||||||||||||||||||||||
-3 | Considered "available for sale" and included in "Other assets" in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-4 | Included in “Prepaid expenses and other current assets,” "Other assets," or “Other accrued liabilities” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
January 31, 2013 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross unrealized gains | Gross unrealized losses | Fair Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
Cash equivalents (1): | |||||||||||||||||||||||||||||||
Certificates of deposit and time deposits | $ | 392.4 | $ | — | $ | — | $ | 392.4 | $ | 17.2 | $ | 375.2 | $ | — | |||||||||||||||||
Corporate Bond | 1.8 | — | — | 1.8 | 1.8 | — | — | ||||||||||||||||||||||||
Commercial paper | 263.3 | — | — | 263.3 | — | 263.3 | — | ||||||||||||||||||||||||
Money market funds | 596.3 | — | — | 596.3 | — | 596.3 | — | ||||||||||||||||||||||||
Marketable securities: | |||||||||||||||||||||||||||||||
Short-term available for sale | |||||||||||||||||||||||||||||||
Commercial paper and corporate debt securities | 122.9 | 0.1 | — | 123 | 40.4 | 82.6 | — | ||||||||||||||||||||||||
Certificates of deposit and time deposits | 15.1 | — | — | 15.1 | 10 | 5.1 | — | ||||||||||||||||||||||||
U.S. treasury securities | 83.3 | — | — | 83.3 | 83.3 | — | — | ||||||||||||||||||||||||
U.S. government agency securities | 79.5 | — | — | 79.5 | 79.5 | — | — | ||||||||||||||||||||||||
Sovereign debt | 1 | — | — | 1 | — | 1 | — | ||||||||||||||||||||||||
Municipal securities | 4.6 | — | — | 4.6 | 4.6 | — | — | ||||||||||||||||||||||||
Other | 0.3 | — | — | 0.3 | 0.3 | — | — | ||||||||||||||||||||||||
Short-term trading securities | |||||||||||||||||||||||||||||||
Mutual funds | 31.1 | 4.2 | — | 35.3 | 35.3 | — | — | ||||||||||||||||||||||||
Long-term available for sale | |||||||||||||||||||||||||||||||
Corporate debt securities | 172.1 | 1.4 | — | 173.5 | 173.5 | — | — | ||||||||||||||||||||||||
U.S. treasury securities | 145.2 | 0.1 | — | 145.3 | 145.3 | — | — | ||||||||||||||||||||||||
U.S. government agency securities | 50.8 | 0.2 | — | 51 | 51 | — | — | ||||||||||||||||||||||||
Municipal securities | 36 | 0.1 | — | 36.1 | 36.1 | — | — | ||||||||||||||||||||||||
Sovereign debt | 1 | — | — | 1 | — | 1 | — | ||||||||||||||||||||||||
Taxable auction-rate securities | 4.2 | — | — | 4.2 | — | — | 4.2 | ||||||||||||||||||||||||
Convertible Debt Securities (2) | 18.1 | 1.6 | (2.2 | ) | 17.5 | — | — | 17.5 | |||||||||||||||||||||||
Derivative contracts (3) | 10.2 | 9.2 | (5.9 | ) | 13.5 | — | 2.8 | 10.7 | |||||||||||||||||||||||
Total | $ | 2,029.20 | $ | 16.9 | $ | (8.1 | ) | $ | 2,038.00 | $ | 678.3 | $ | 1,327.30 | $ | 32.4 | ||||||||||||||||
____________________ | |||||||||||||||||||||||||||||||
-1 | Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-2 | Considered "available for sale" securities and included in "Other assets" in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
-3 | Included in “Prepaid expenses and other current assets,” "Other assets," or “Other accrued liabilities” in the accompanying Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | ||||||||||||||||||||||||||||||
A reconciliation of the change in Autodesk’s Level 3 items for the fiscal years ended January 31, 2014 and 2013 was as follows: | |||||||||||||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||||||||||||
Significant Unobservable Inputs | |||||||||||||||||||||||||||||||
(Level 3) | |||||||||||||||||||||||||||||||
Derivative Contracts | Convertible Debt Securities | Taxable | Total | ||||||||||||||||||||||||||||
Auction-Rate | |||||||||||||||||||||||||||||||
Securities | |||||||||||||||||||||||||||||||
Balance at January 31, 2012 | $ | 6.2 | $ | 18.3 | $ | 4.2 | $ | 28.7 | |||||||||||||||||||||||
Purchases | 2 | 7 | — | 9 | |||||||||||||||||||||||||||
Settlements | (1.3 | ) | (7.2 | ) | — | (8.5 | ) | ||||||||||||||||||||||||
Total unrealized gains (losses) | 3.8 | (0.6 | ) | — | 3.2 | ||||||||||||||||||||||||||
Balance at January 31, 2013 | 10.7 | 17.5 | 4.2 | 32.4 | |||||||||||||||||||||||||||
Purchases | 1.3 | 3.1 | — | 4.4 | |||||||||||||||||||||||||||
Settlements | — | — | (4.0 | ) | (4.0 | ) | |||||||||||||||||||||||||
Net realized losses | — | — | (0.2 | ) | (0.2 | ) | |||||||||||||||||||||||||
Total unrealized (losses) | (2.9 | ) | (0.4 | ) | — | (3.3 | ) | ||||||||||||||||||||||||
Balance at January 31, 2014 | $ | 9.1 | $ | 20.2 | $ | — | $ | 29.3 | |||||||||||||||||||||||
Available-for-sale Securities | ' | ||||||||||||||||||||||||||||||
The following table summarizes the estimated fair value of Autodesk's “available-for-sale securities” classified by the contractual maturity date of the security: | |||||||||||||||||||||||||||||||
January 31, 2014 | |||||||||||||||||||||||||||||||
Cost | Fair Value | ||||||||||||||||||||||||||||||
Due in 1 year | $ | 375.2 | $ | 375.2 | |||||||||||||||||||||||||||
Due in 1 year through 5 years | 297.7 | 297.5 | |||||||||||||||||||||||||||||
Due in 5 years through 10 years | — | — | |||||||||||||||||||||||||||||
Due after 10 years | — | — | |||||||||||||||||||||||||||||
Total | $ | 672.9 | $ | 672.7 | |||||||||||||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | ' | ||||||||||||||||||||||||||||||
The fair value of derivative instruments in Autodesk’s Consolidated Balance Sheets were as follows as of January 31, 2014 and January 31, 2013: | |||||||||||||||||||||||||||||||
Balance Sheet Location | Fair Value at | ||||||||||||||||||||||||||||||
January 31, 2014 | January 31, 2013 | ||||||||||||||||||||||||||||||
Derivative Assets | |||||||||||||||||||||||||||||||
Foreign currency contracts designated as cash flow hedges | Prepaid expenses and other current assets (1) | $ | 4.4 | $ | 6.7 | ||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | Prepaid expenses and other current assets and Other assets | 16.9 | 10.7 | ||||||||||||||||||||||||||||
Total derivative assets | $ | 21.3 | $ | 17.4 | |||||||||||||||||||||||||||
Derivative Liabilities | |||||||||||||||||||||||||||||||
Foreign currency contracts designated as cash flow hedges | Other accrued liabilities (2) | $ | 1.7 | $ | 3.9 | ||||||||||||||||||||||||||
Total derivative liabilities | $ | 1.7 | $ | 3.9 | |||||||||||||||||||||||||||
____________________ | |||||||||||||||||||||||||||||||
-1 | Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $5.9 million and $8.2 million at January 31, 2014 and January 31, 2013, respectively. | ||||||||||||||||||||||||||||||
-2 | Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $3.2 million and $5.4 million at January 31, 2014 and January 31, 2013, respectively. | ||||||||||||||||||||||||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | ' | ||||||||||||||||||||||||||||||
The effects of derivatives designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2014 and 2013, respectively (amounts presented include any income tax effects): | |||||||||||||||||||||||||||||||
Foreign Currency Contracts | |||||||||||||||||||||||||||||||
Fiscal Year Ended | |||||||||||||||||||||||||||||||
January 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Amount of gain recognized in Accumulated other comprehensive income on derivatives (effective portion) | $ | 12.2 | $ | 5.1 | |||||||||||||||||||||||||||
Amount and Location of Gain (Loss) Reclassified from Accumulated other comprehensive income into Income (Effective Portion) | |||||||||||||||||||||||||||||||
Net revenue | $ | 13.1 | $ | 16 | |||||||||||||||||||||||||||
Operating expenses | (1.6 | ) | (4.6 | ) | |||||||||||||||||||||||||||
Total | $ | 11.5 | $ | 11.4 | |||||||||||||||||||||||||||
Amount and Location of (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) | |||||||||||||||||||||||||||||||
Interest and other (expense) income, net | $ | (0.1 | ) | $ | (0.2 | ) | |||||||||||||||||||||||||
The effects of derivatives not designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2014 and 2013, respectively (amounts presented include any income tax effects): | |||||||||||||||||||||||||||||||
Foreign Exchange | |||||||||||||||||||||||||||||||
Contracts | |||||||||||||||||||||||||||||||
Fiscal Year Ended | |||||||||||||||||||||||||||||||
January 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Amount and Location of Gain Recognized in Income on Derivative | |||||||||||||||||||||||||||||||
Interest and other (expense) income, net | $ | 12.8 | $ | 1.5 | |||||||||||||||||||||||||||
Employee_and_Director_Stock_Pl1
Employee and Director Stock Plans (Tables) | 12 Months Ended | |||||||||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity | ' | |||||||||||||||||||||||||
A summary of stock option activity for the fiscal year ended January 31, 2014 is as follows: | ||||||||||||||||||||||||||
Number of | Weighted average exercise price per share | Weighted | Aggregate Intrinsic Value (3) | |||||||||||||||||||||||
Shares | average remaining contractual term | |||||||||||||||||||||||||
(in millions) | (in years) | (in millions) | ||||||||||||||||||||||||
Options outstanding at January 31, 2013 | 19 | $ | 32.69 | |||||||||||||||||||||||
Granted (1) | — | — | ||||||||||||||||||||||||
Exercised | (9.2 | ) | 27.08 | |||||||||||||||||||||||
Canceled/Forfeited | (3.9 | ) | 44.67 | |||||||||||||||||||||||
Options outstanding at January 31, 2014 | 5.9 | $ | 33.54 | 4.8 | $ | 105.3 | ||||||||||||||||||||
Options vested and exercisable at January 31, 2014 | 4 | $ | 30.98 | 4 | $ | 80.3 | ||||||||||||||||||||
Options vested and exercisable as of January 31, 2014 and expected to vest thereafter (2) | 5.9 | $ | 33.52 | 4.8 | $ | 105 | ||||||||||||||||||||
Options available for grant at January 31, 2014 | 21.6 | |||||||||||||||||||||||||
_______________ | ||||||||||||||||||||||||||
-1 | Autodesk did not grant stock options in the twelve months ended January 31, 2014. | |||||||||||||||||||||||||
-2 | Options expected to vest reflect an estimated forfeiture rate. | |||||||||||||||||||||||||
-3 | Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $51.25 per share as of January 31, 2014, which would have been received by the option holders had all option holders exercised their options as of that date. | |||||||||||||||||||||||||
Intrinsic Value of Options Exercised and Weighted Average Grant Date Fair Value of Stock Options Granted | ' | |||||||||||||||||||||||||
The following table summarizes information about the pre-tax intrinsic value of options exercised and the weighted average grant date fair value per share of options granted during the fiscal years ended January 31, 2014, 2013 and 2012: | ||||||||||||||||||||||||||
Fiscal year ended | ||||||||||||||||||||||||||
January 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||||||
Intrinsic value of options exercised (1) | $ | 149 | $ | 90.9 | $ | 85.7 | ||||||||||||||||||||
Weighted average grant date fair value per share of stock options granted (2) | $ | — | $ | 13.39 | $ | 14.04 | ||||||||||||||||||||
—————— | ||||||||||||||||||||||||||
-1 | The intrinsic value of options exercised is calculated as the difference between the exercise price of the option and the market value of the stock on the date of exercise. | |||||||||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range | ' | |||||||||||||||||||||||||
The following table summarizes information about options vested and exercisable, and outstanding at January 31, 2014: | ||||||||||||||||||||||||||
Options Vested and Exercisable | Options Outstanding | |||||||||||||||||||||||||
Number of | Weighted | Weighted | Aggregate | Number of | Weighted | Weighted | Aggregate | |||||||||||||||||||
Shares | average | average | intrinsic | Shares | average | average | intrinsic | |||||||||||||||||||
(in millions) | contractual | exercise | value(1) | (in millions) | contractual | exercise | value(1) | |||||||||||||||||||
life | price per share | (in millions) | life | price per share | (in millions) | |||||||||||||||||||||
(in years) | (in years) | |||||||||||||||||||||||||
Range of per-share exercise prices: | ||||||||||||||||||||||||||
$2.28 - $29.49 | 1.8 | $ | 22.73 | 2.1 | $ | 23.51 | ||||||||||||||||||||
$29.50 - $38.08 | 0.9 | 32.75 | 1.2 | 32.46 | ||||||||||||||||||||||
$38.55 - $38.55 | 0.1 | 38.55 | 0.1 | 38.55 | ||||||||||||||||||||||
$41.62 - $41.62 | 0.9 | 41.62 | 2 | 41.62 | ||||||||||||||||||||||
$42.39 - $43.81 | 0.3 | 43.8 | 0.5 | 43.79 | ||||||||||||||||||||||
4 | 4 | $ | 30.98 | $ | 80.3 | 5.9 | 4.8 | $ | 33.54 | $ | 105.3 | |||||||||||||||
____________________ | ||||||||||||||||||||||||||
-1 | Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $51.25 per share as of January 31, 2014, which would have been received by the option holders had all option holders exercised their options as of that date. | |||||||||||||||||||||||||
Restricted Share Activity Disclosure | ' | |||||||||||||||||||||||||
A summary of restricted stock unit activity for the fiscal year ended January 31, 2014 is as follows: | ||||||||||||||||||||||||||
Unreleased | Weighted | |||||||||||||||||||||||||
Restricted | average grant | |||||||||||||||||||||||||
Stock Units | date fair value | |||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||
Unreleased restricted stock units at January 31, 2013 | 5,020.80 | $ | 33.89 | |||||||||||||||||||||||
Granted | 4,077.10 | 42.37 | ||||||||||||||||||||||||
Released | (2,146.1 | ) | 34.37 | |||||||||||||||||||||||
Canceled/Forfeited | (422.0 | ) | 35.58 | |||||||||||||||||||||||
Performance Adjustment (1) | (14.2 | ) | 35.95 | |||||||||||||||||||||||
Unreleased restricted stock units at January 31, 2014 | 6,515.60 | $ | 39.15 | |||||||||||||||||||||||
_______________ | ||||||||||||||||||||||||||
-1 | Based on Autodesk's financial results for the performance period, the fiscal 2013 performance stock units were earned at 92.3% of the target award. The vesting of the performance stock units is subject to the holders satisfying the remaining service condition of the awards. | |||||||||||||||||||||||||
Employee and Director Stock Options Outstanding | ' | |||||||||||||||||||||||||
The following table summarizes the number of outstanding options granted to employees and directors, as well as the number of securities remaining available for future issuance under these plans as of January 31, 2014: | ||||||||||||||||||||||||||
(a) | (b) | (c) | ||||||||||||||||||||||||
Plan category | Number of securities | Weighted-average | Number of securities remaining | |||||||||||||||||||||||
to be issued upon | exercise price of | available for future issuance | ||||||||||||||||||||||||
exercise of | outstanding | under equity compensation | ||||||||||||||||||||||||
outstanding options | options | plans (excluding securities | ||||||||||||||||||||||||
reflected in column (a)) (in millions) | ||||||||||||||||||||||||||
Equity compensation plans approved by security holders | 12.4 | $ | 33.56 | 59.7 | -1 | |||||||||||||||||||||
Equity compensation plans not approved by security holders (2) | 0.1 | $ | 24.2 | — | ||||||||||||||||||||||
Total | 12.5 | $ | 33.54 | 59.7 | ||||||||||||||||||||||
____________________ | ||||||||||||||||||||||||||
-1 | Included in this amount are 38.1 million securities available for future issuance under Autodesk’s ESP Plan. | |||||||||||||||||||||||||
-2 | Amounts correspond to Autodesk’s Nonstatutory Stock Option Plan, which was terminated by the Board of Directors in December 2004. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Provision for income taxes | ' | |||||||||||
The provision for income taxes consists of the following: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Federal: | ||||||||||||
Current | $ | 29.1 | $ | 30.9 | $ | 54.3 | ||||||
Deferred | (41.4 | ) | (13.3 | ) | (34.5 | ) | ||||||
State: | ||||||||||||
Current | 0.6 | 7.8 | 4.9 | |||||||||
Deferred | — | (18.6 | ) | 1.3 | ||||||||
Foreign: | ||||||||||||
Current | 63.9 | 54.3 | 55.9 | |||||||||
Deferred | (1.1 | ) | 1.5 | (4.3 | ) | |||||||
$ | 51.1 | $ | 62.6 | $ | 77.6 | |||||||
Differences between the U.S. statutory rate and the aggregate income tax provision | ' | |||||||||||
The differences between the U.S. statutory rate and the aggregate income tax provision are as follows: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Income tax provision at U.S. Federal statutory rate | $ | 98 | $ | 108.5 | $ | 127 | ||||||
State income tax (benefit) expense, net of the U.S. Federal benefit | (2.9 | ) | (1.7 | ) | 2.8 | |||||||
Foreign income taxed at rates different from the U.S. statutory rate | (57.1 | ) | (54.5 | ) | (61.5 | ) | ||||||
U.S. valuation allowance | 2.1 | 1.7 | 1.7 | |||||||||
Non-deductible stock-based compensation | 10.8 | 21.1 | 12.8 | |||||||||
Research and development tax credit benefit | (8.8 | ) | (7.0 | ) | (6.0 | ) | ||||||
Tax expense (benefit) from closure of income tax audits and changes in uncertain tax positions | 3.6 | (2.8 | ) | (0.4 | ) | |||||||
Officer compensation in excess of $1.0 million | 3 | 1.8 | 1.9 | |||||||||
U.S. Manufacturer's deduction | (0.1 | ) | (4.9 | ) | (3.0 | ) | ||||||
Other | 2.5 | 0.4 | 2.3 | |||||||||
$ | 51.1 | $ | 62.6 | $ | 77.6 | |||||||
Components of Deferred Tax Assets and Liabilities | ' | |||||||||||
Significant components of Autodesk’s deferred tax assets and liabilities are as follows: | ||||||||||||
January 31, | ||||||||||||
2014 | 2013 | |||||||||||
Nonqualified stock options | $ | 37.4 | $ | 67.5 | ||||||||
Research and development tax credit carryforwards | 78.4 | 54 | ||||||||||
Foreign tax credit carryforwards | 16.3 | — | ||||||||||
Accrued compensation and benefits | 38.6 | 34.5 | ||||||||||
Other accruals not currently deductible for tax | 14.5 | 15.3 | ||||||||||
Purchased technology and capitalized software | 23.4 | 9.8 | ||||||||||
Fixed assets | 17.5 | 18.5 | ||||||||||
Tax loss carryforwards | 12.6 | 21 | ||||||||||
Deferred Revenue | 33.1 | 28.5 | ||||||||||
Other | 5.1 | 2.2 | ||||||||||
Total deferred tax assets | 276.9 | 251.3 | ||||||||||
Less: valuation allowance | (67.2 | ) | (51.3 | ) | ||||||||
Net deferred tax assets | 209.7 | 200 | ||||||||||
Tax method change on advanced payments | — | (3.1 | ) | |||||||||
Unremitted earnings of foreign subsidiaries | (21.8 | ) | (31.9 | ) | ||||||||
Total deferred tax liability | (21.8 | ) | (35.0 | ) | ||||||||
Net deferred tax assets | $ | 187.9 | $ | 165 | ||||||||
Unrecognized Tax Benefits Reconciliation, Table | ' | |||||||||||
A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits is as follows: | ||||||||||||
Fiscal Year Ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Gross unrecognized tax benefits at the beginning of the fiscal year | $ | 212.7 | $ | 201.1 | $ | 188.4 | ||||||
Increases for tax positions of prior years | 1.8 | 0.4 | 0.4 | |||||||||
Decreases for tax positions of prior years | (0.3 | ) | (0.4 | ) | (0.4 | ) | ||||||
Increases for tax positions related to the current year | 15.3 | 17.8 | 14.3 | |||||||||
Decreases for lapse of statute of limitations/audit settlements | (7.4 | ) | (6.2 | ) | (1.6 | ) | ||||||
Gross unrecognized tax benefits at the end of the fiscal year | $ | 222.1 | $ | 212.7 | $ | 201.1 | ||||||
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | ' | |||||||||||||||||||
The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for each of the business combinations and technology acquisitions completed during the fiscal year ended January 31, 2014: | ||||||||||||||||||||
Graitec | Other | |||||||||||||||||||
Developed technologies | $ | 15.9 | $ | 15.9 | ||||||||||||||||
Customer relationships | 2.2 | 2.8 | ||||||||||||||||||
Trade name | 1.7 | 1.8 | ||||||||||||||||||
User List | — | — | ||||||||||||||||||
Goodwill | 73.4 | 67 | ||||||||||||||||||
Deferred Revenue (current and non-current) | — | — | ||||||||||||||||||
Deferred tax (liability) asset | (6.2 | ) | 0.7 | |||||||||||||||||
Net tangible assets (liabilities) | — | 1.5 | ||||||||||||||||||
$ | 87 | $ | 89.7 | |||||||||||||||||
The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for each of the business combinations and technology acquisitions completed during the fiscal year ended January 31, 2013: | ||||||||||||||||||||
Vela | Socialcam | Qontext | PI-VR | Other | ||||||||||||||||
Developed technologies | $ | 5.9 | $ | 1.9 | $ | 2 | $ | 7.6 | $ | 13.6 | ||||||||||
Customer relationships | 3.6 | — | — | 6.7 | 1.5 | |||||||||||||||
Trade name | 2.6 | 5.3 | — | 1.9 | 2 | |||||||||||||||
User List | — | 22.3 | — | — | — | |||||||||||||||
Goodwill | 57.5 | 23 | 24 | 36.8 | 46.1 | |||||||||||||||
Deferred Revenue | (2.0 | ) | — | — | (0.1 | ) | — | |||||||||||||
Deferred tax asset (liability) | 3.9 | (9.4 | ) | — | (5.0 | ) | — | |||||||||||||
Net tangible assets (liabilities) | 4.5 | (0.2 | ) | — | 0.7 | — | ||||||||||||||
Total | $ | 76 | $ | 42.9 | $ | 26 | $ | 48.6 | $ | 63.2 | ||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Aggregate Future Minimum Lease Payments | ' | |||||||||||
At January 31, 2014, the aggregate future minimum lease payments required were as follows: | ||||||||||||
2015 | $ | 53.1 | ||||||||||
2016 | 47 | |||||||||||
2017 | 39.5 | |||||||||||
2018 | 35.7 | |||||||||||
2019 | 26.1 | |||||||||||
Thereafter | 38.5 | |||||||||||
239.9 | ||||||||||||
Less: Sublease income | 2.9 | |||||||||||
$ | 237 | |||||||||||
Rent Expense Related to Operating Leases | ' | |||||||||||
Rent expense related to these operating leases recognized on a straight-line basis over the lease period, was as follows: | ||||||||||||
Fiscal Year Ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Rent expense | $ | 50.2 | $ | 56.1 | $ | 53 | ||||||
Interest_And_Other_Income_net_
Interest And Other Income, net (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Interest and Other Income, net [Abstract] | ' | |||||||||||
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 | 1.2 | (1.1 | ) | ||||||||
(Loss) gain on strategic investments (1) | (1.8 | ) | (4.0 | ) | 0.3 | |||||||
Other income | 2.7 | 2 | 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. |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive (Loss) Income (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Accumulated Other Comprehensive Income (loss) [Abstract] | ' | |||||||||||
Schedule of 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. |
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Schedule of Calculation of Numerator and Denominator in Earnings Per Share | ' | |||||||||||
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, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Numerator: | ||||||||||||
Net income | $ | 228.8 | $ | 247.4 | $ | 285.3 | ||||||
Denominator: | ||||||||||||
Denominator for basic net income per share—weighted average shares | 224 | 226.4 | 227.7 | |||||||||
Effect of dilutive securities | 5.6 | 5.3 | 5.6 | |||||||||
Denominator for dilutive net income per share | 229.6 | 231.7 | 233.3 | |||||||||
Basic net income per share | $ | 1.02 | $ | 1.09 | $ | 1.25 | ||||||
Diluted net income per share | $ | 1 | $ | 1.07 | $ | 1.22 | ||||||
Segments_Tables
Segments (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2014 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Schedule of Segment Reporting Information, by Segment | ' | |||||||||||
Information concerning the operations of Autodesk’s reportable segments is as follows: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net revenue: | ||||||||||||
Platform Solutions and Emerging Business (1) | $ | 789.2 | $ | 843 | $ | 833.1 | ||||||
Architecture, Engineering and Construction (1) | 730.6 | 701.1 | 626.4 | |||||||||
Manufacturing | 579.4 | 573.8 | 540.3 | |||||||||
Media and Entertainment (1) | 174.7 | 194.3 | 215.8 | |||||||||
$ | 2,273.90 | $ | 2,312.20 | $ | 2,215.60 | |||||||
Gross profit: | ||||||||||||
Platform Solutions and Emerging Business (1) | $ | 716.8 | $ | 788.8 | $ | 788 | ||||||
Architecture, Engineering and Construction (1) | 663.8 | 642 | 569.7 | |||||||||
Manufacturing | 531.5 | 531.3 | 496.1 | |||||||||
Media and Entertainment | 137.8 | 156.5 | 174.6 | |||||||||
Unallocated (2) | (50.3 | ) | (44.9 | ) | (41.9 | ) | ||||||
$ | 1,999.60 | $ | 2,073.70 | $ | 1,986.50 | |||||||
Depreciation, amortization and accretion: | ||||||||||||
Platform Solutions and Emerging Business | $ | 5.5 | $ | 1.8 | $ | 1.8 | ||||||
Architecture, Engineering and Construction | 0.2 | 0.2 | 0.7 | |||||||||
Manufacturing | 0.9 | 0.5 | 1.7 | |||||||||
Media and Entertainment | 0.2 | 0.4 | 0.5 | |||||||||
Unallocated | 122.1 | 124.9 | 110.8 | |||||||||
$ | 128.9 | $ | 127.8 | $ | 115.5 | |||||||
_______________ | ||||||||||||
-1 | Prior period segment revenue amounts have been updated to conform with the current period's presentation. | |||||||||||
-2 | Unallocated amounts primarily relate to corporate expenses and other costs and expenses that are managed outside the reportable segments, including stock-based compensation expense. | |||||||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | ' | |||||||||||
Information regarding Autodesk’s operations by geographic area is as follows: | ||||||||||||
Fiscal year ended January 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Net revenue: | ||||||||||||
Americas | ||||||||||||
U.S. | $ | 672.3 | $ | 672.1 | $ | 631 | ||||||
Other Americas | 146.6 | 164.1 | 167.5 | |||||||||
Total Americas | 818.9 | 836.2 | 798.5 | |||||||||
Europe, Middle East and Africa | 851.8 | 868.5 | 862.2 | |||||||||
Asia Pacific | ||||||||||||
Japan | 274.5 | 278.3 | 240.5 | |||||||||
Other Asia Pacific | 328.7 | 329.2 | 314.4 | |||||||||
Total Asia Pacific | 603.2 | 607.5 | 554.9 | |||||||||
Total net revenue | $ | 2,273.90 | $ | 2,312.20 | $ | 2,215.60 | ||||||
January 31, | ||||||||||||
2014 | 2013 | |||||||||||
Long-lived assets (1): | ||||||||||||
Americas | ||||||||||||
U.S. | $ | 1,041.90 | $ | 964 | ||||||||
Other Americas | 37.1 | 39.6 | ||||||||||
Total Americas | 1,079.00 | 1,003.60 | ||||||||||
Europe, Middle East and Africa | 228.6 | 168.4 | ||||||||||
Asia Pacific | 44 | 50.1 | ||||||||||
Total long-lived assets | $ | 1,351.60 | $ | 1,222.10 | ||||||||
____________________ | ||||||||||||
-1 | Long-lived assets exclude deferred tax assets and marketable securities. |
Restructuring_Reserves_Tables
Restructuring Reserves (Tables) | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost | ' | |||||||||||||||||||
The following table sets forth the restructuring activities for the fiscal years ended January 31, 2014 and 2013: | ||||||||||||||||||||
Balances, January 31, 2013 | Additions | Payments | Adjustments (1) | Balances, January 31, 2014 | ||||||||||||||||
Fiscal 2013 Plan | ||||||||||||||||||||
Employee termination costs | $ | 4.5 | $ | 0.8 | $ | (5.0 | ) | $ | (0.2 | ) | $ | 0.1 | ||||||||
Lease termination and asset costs | 2.8 | 1.5 | (4.2 | ) | 0.1 | 0.2 | ||||||||||||||
Fiscal 2014 Plan | ||||||||||||||||||||
Employee termination costs | $ | — | 9.4 | (5.7 | ) | (0.2 | ) | $ | 3.5 | |||||||||||
Lease termination and asset costs | $ | — | 1.1 | — | 0.2 | $ | 1.3 | |||||||||||||
Total | $ | 7.3 | 12.8 | (14.9 | ) | (0.1 | ) | $ | 5.1 | |||||||||||
Current portion (2) | $ | 5.8 | $ | 4 | ||||||||||||||||
Non-current portion (2) | 1.5 | 1.1 | ||||||||||||||||||
Total | $ | 7.3 | $ | 5.1 | ||||||||||||||||
____________________ | ||||||||||||||||||||
-1 | Adjustments include the impact of foreign currency translation. | |||||||||||||||||||
-2 | The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities” and “Other liabilities,” respectively. | |||||||||||||||||||
Balances, January 31, 2012 | Additions | Payments | Adjustments (1) | Balances, January 31, 2013 | ||||||||||||||||
Fiscal 2013 Plan | ||||||||||||||||||||
Employee termination costs | $ | — | $ | 41 | $ | (36.1 | ) | $ | (0.4 | ) | $ | 4.5 | ||||||||
Lease termination and asset costs | — | 3.3 | (0.5 | ) | — | 2.8 | ||||||||||||||
Total | $ | — | $ | 44.3 | $ | (36.6 | ) | $ | (0.4 | ) | $ | 7.3 | ||||||||
Current portion (2) | $ | — | $ | 5.8 | ||||||||||||||||
Non-current portion (2) | — | 1.5 | ||||||||||||||||||
Total | $ | — | $ | 7.3 | ||||||||||||||||
____________________ | ||||||||||||||||||||
-1 | Adjustments include the impact of foreign currency translation. | |||||||||||||||||||
-2 | The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities” and “Other liabilities,” respectively. |
Selected_Quarterly_Financial_I1
Selected Quarterly Financial Information (Tables) | 12 Months Ended | |||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||
Quarterly Financial Information | ' | |||||||||||||||||||
Summarized quarterly financial information for fiscal 2014 and 2013 is as follows: | ||||||||||||||||||||
2014 | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Fiscal year | |||||||||||||||
Net revenue | $ | 570.4 | $ | 561.7 | $ | 555.2 | $ | 586.6 | $ | 2,273.90 | ||||||||||
Gross profit | 502.9 | 493.9 | 488.1 | 514.7 | 1,999.60 | |||||||||||||||
Income from operations | 81.4 | 83.6 | 68.1 | 51.7 | 284.8 | |||||||||||||||
Provision for income taxes | (17.0 | ) | (20.1 | ) | (11.6 | ) | (2.4 | ) | (51.1 | ) | ||||||||||
Net income | 55.6 | 61.7 | 57.6 | 53.9 | 228.8 | |||||||||||||||
Basic net income per share | $ | 0.25 | $ | 0.28 | $ | 0.26 | $ | 0.24 | $ | 1.02 | ||||||||||
Diluted net income per share | $ | 0.24 | $ | 0.27 | $ | 0.25 | $ | 0.23 | $ | 1 | ||||||||||
Income from operations includes the following items: | ||||||||||||||||||||
Stock-based compensation expense | $ | 33.5 | $ | 31 | $ | 31.6 | $ | 36.1 | $ | 132.2 | ||||||||||
Amortization of acquisition related intangibles | 21.6 | 20.3 | 18.2 | 20.6 | 80.7 | |||||||||||||||
Restructuring charges, net | 0.4 | 1.7 | 4.4 | 6.3 | 12.8 | |||||||||||||||
2013 | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Fiscal year | |||||||||||||||
Net revenue | $ | 588.6 | $ | 568.7 | $ | 548 | $ | 606.9 | $ | 2,312.20 | ||||||||||
Gross profit | 529.8 | 508.9 | 490.1 | 544.9 | 2,073.70 | |||||||||||||||
Income from operations | 94 | 92.9 | 34.4 | 84.6 | 305.9 | |||||||||||||||
Provision for income taxes | (18.6 | ) | (27.5 | ) | (4.9 | ) | (11.6 | ) | (62.6 | ) | ||||||||||
Net income | 78.9 | 64.6 | 29.4 | 74.5 | 247.4 | |||||||||||||||
Basic net income per share | $ | 0.35 | $ | 0.28 | $ | 0.13 | $ | 0.33 | $ | 1.09 | ||||||||||
Diluted net income per share | $ | 0.34 | $ | 0.28 | $ | 0.13 | $ | 0.32 | $ | 1.07 | ||||||||||
Income from operations includes the following items: | ||||||||||||||||||||
Stock-based compensation expense | $ | 33.4 | $ | 33.5 | $ | 51.9 | $ | 37.5 | $ | 156.3 | ||||||||||
Amortization of acquisition related intangibles | 17.6 | 17.5 | 23.7 | 23 | 81.8 | |||||||||||||||
Restructuring benefits, net | — | — | 36.7 | 7.2 | 43.9 | |||||||||||||||
Business_and_Summary_of_Signif3
Business and Summary of Significant Accounting Policies - Reclassifications (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Jan. 31, 2013 | Jan. 31, 2012 |
Business and Summary of Significant Accounting Policies [Abstract] | ' | ' |
Decrease to License and other revenue | ($26.50) | ($23.20) |
Increase to Subscription revenue | 26.5 | 23.2 |
Decrease to Cost of license and other revenue | -32.1 | -20.5 |
Increase to Cost of subscription revenue | $32.10 | $20.50 |
Business_and_Summary_of_Signif4
Business and Summary of Significant Accounting Policies - Accounts Receivable, Net (Details) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Millions, unless otherwise specified | ||
Business and Summary of Significant Accounting Policies [Abstract] | ' | ' |
Trade accounts receivable | $464.60 | $531.10 |
Less: Allowance for doubtful accounts | -4.9 | -5.6 |
Product returns reserve | -4 | -4.9 |
Partner programs and other obligations | -32 | -25.5 |
Accounts receivable, net | $423.70 | $495.10 |
Business_and_Summary_of_Signif5
Business and Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Concentration Risk [Line Items] | ' | ' | ' |
Maximum borrowing capacity | 400 | ' | ' |
Tech Data | Sales Revenue, Net | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 24.00% | 23.00% | 21.00% |
Tech Data | Accounts Receivable | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 24.00% | 23.00% | ' |
United States | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 25.00% | 29.00% | ' |
Other Americas | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 1.00% | 1.00% | ' |
Europe, Middle East and Africa (“EMEAâ€) | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 57.00% | 38.00% | ' |
Asia Pacific (“APACâ€) | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 17.00% | 32.00% | ' |
Business_and_Summary_of_Signif6
Business and Summary of Significant Accounting Policies - Computer Equipment, Software, Furniture and Leasehold Improvements, Net (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Property, Plant and Equipment [Abstract] | ' | ' | ' |
Depreciation | $47.20 | $45.60 | $43.70 |
Computer hardware, at cost | 163 | 152.3 | ' |
Computer software, at cost | 80.9 | 95.1 | ' |
Leasehold improvements, land and buildings, at cost | 163.7 | 152.4 | ' |
Furniture and equipment, at cost | 51.7 | 46 | ' |
Computer software, hardware, leasehold improvements, furniture and equipment, at cost | 459.3 | 445.8 | ' |
Less: Accumulated depreciation | -329 | -330.9 | ' |
Computer software, hardware, leasehold improvements, furniture and equipment, net | 130.3 | 114.9 | ' |
Write off of fully depreciated assets | $48.20 | ' | ' |
Business_and_Summary_of_Signif7
Business and Summary of Significant Accounting Policies - Other Intangible Assets and Related Accumulated Amortization (Details) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | ||
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' | ' | ||
Amortization of intangible assets | $80.70 | $82 | $71.80 | ||
Purchased technologies, at cost | 462.4 | 431 | ' | ||
Customer relationships, trade names, patents, and user lists, at cost | 268.1 | [1] | 259.5 | [1] | ' |
Other intangible assets, gross | 730.5 | 690.5 | ' | ||
Less: Accumulated amortization | -626.2 | -546.3 | ' | ||
Other intangible assets, net | $104.30 | $144.20 | ' | ||
Weighted average useful life | '4 years 1 month 2 days | ' | ' | ||
[1] | Included as a net balance in “Other assets†in the Consolidated Balance Sheet. Customer relationships and trade names include the effects of foreign currency translation. |
Expected_Future_Amortization_E
- Expected Future Amortization Expense for Purchased Technologies, Customer Relationships and Trade Names (Details) (USD $) | Jan. 31, 2014 |
In Millions, unless otherwise specified | |
Expected Future Amortization Expense for Purcahsed Technologies, Customer Relationships and Trade Name [Abstract] | ' |
2015 | $59.10 |
2016 | 30.8 |
2017 | 11.1 |
2018 | 1.2 |
2019 | 0.5 |
Thereafter | 0.8 |
Total | $103.50 |
Business_and_Summary_of_Signif8
Business and Summary of Significant Accounting Policies - Changes In the Carrying Amount of Goodwill (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Nov. 21, 2013 | Jan. 31, 2013 | Jun. 07, 2012 | Jan. 31, 2013 | Aug. 02, 2012 | Jan. 31, 2013 | Oct. 04, 2012 | Jan. 31, 2013 | Dec. 21, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 |
Graitec SA | Graitec SA | Vela Systems | Vela Systems | Socialcam | Socialcam | Qontext | Qontext | PI-VR | PI-VR | Goodwill acquired from other acquisitions | Goodwill acquired from other acquisitions | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Platform Solutions and Emerging Business | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Architecture, Engineering and Construction | Manufacturing | Manufacturing | Manufacturing | Manufacturing | Manufacturing | Manufacturing | Manufacturing | Manufacturing | Manufacturing | Media and Entertainment | Media and Entertainment | Media and Entertainment | Media and Entertainment | Media and Entertainment | Media and Entertainment | Media and Entertainment | Media and Entertainment | Media and Entertainment | ||||
Graitec SA | Vela Systems | Socialcam | Qontext | PI-VR | Goodwill acquired from other acquisitions | Goodwill acquired from other acquisitions | Graitec SA | Vela Systems | Socialcam | Qontext | PI-VR | Goodwill acquired from other acquisitions | Goodwill acquired from other acquisitions | Graitec SA | Vela Systems | Socialcam | Qontext | PI-VR | Goodwill acquired from other acquisitions | Goodwill acquired from other acquisitions | Graitec SA | Vela Systems | Socialcam | Qontext | PI-VR | Goodwill acquired from other acquisitions | Goodwill acquired from other acquisitions | ||||||||||||||||||||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill before accumulated impairments | $1,020.70 | $831.60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $129.50 | $76.60 | ' | ' | ' | ' | ' | ' | ' | $310.30 | $247.70 | ' | ' | ' | ' | ' | ' | ' | $389.90 | $323.30 | ' | ' | ' | ' | ' | ' | ' | $191 | $184 | ' | ' | ' | ' | ' | ' | ' |
Accumulated impairment losses | -149.2 | -149.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | -149.2 | -149.2 | ' | ' | ' | ' | ' | ' | ' |
Goodwill, beginning of period | 871.5 | 682.4 | ' | ' | 73.4 | ' | 57.5 | ' | 23 | ' | 24 | ' | 36.8 | ' | ' | 129.5 | 76.6 | ' | ' | ' | ' | ' | ' | ' | 310.3 | 247.7 | ' | ' | ' | ' | ' | ' | ' | 389.9 | 323.3 | ' | ' | ' | ' | ' | ' | ' | 41.8 | 34.8 | ' | ' | ' | ' | ' | ' | ' |
Goodwill acquired during period | ' | ' | ' | 73.4 | ' | 57.6 | ' | 23 | ' | 24 | ' | 36.8 | ' | 67 | 46.1 | ' | ' | 0 | 0 | 23 | 24 | 0 | 12.8 | 5.6 | ' | ' | 73.4 | 57.6 | 0 | 0 | 0 | 32 | 4.3 | ' | ' | ' | 0 | 0 | 0 | 36.8 | 22.2 | 29.2 | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 7 |
Effect of foreign currency translation, purchase accounting adjustments and other | -2 | 1.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0.3 | ' | ' | ' | ' | ' | ' | ' | -0.5 | 0.7 | ' | ' | ' | ' | ' | ' | ' | -0.5 | 0.6 | ' | ' | ' | ' | ' | ' | ' | -1 | 0 | ' | ' | ' | ' | ' | ' | ' |
Goodwill before accumulated impairments | 1,159.10 | 1,020.70 | 831.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 142.3 | 129.5 | ' | ' | ' | ' | ' | ' | ' | 415.2 | 310.3 | ' | ' | ' | ' | ' | ' | ' | 411.6 | 389.9 | ' | ' | ' | ' | ' | ' | ' | 190 | 191 | ' | ' | ' | ' | ' | ' | ' |
Accumulated impairment losses | -149.2 | -149.2 | -149.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | -149.2 | -149.2 | ' | ' | ' | ' | ' | ' | ' |
Goodwill, end of period | 1,009.90 | 871.5 | 682.4 | ' | 73.4 | ' | 57.5 | ' | 23 | ' | 24 | ' | 36.8 | ' | ' | 142.3 | 129.5 | ' | ' | ' | ' | ' | ' | ' | 415.2 | 310.3 | ' | ' | ' | ' | ' | ' | ' | 411.6 | 389.9 | ' | ' | ' | ' | ' | ' | ' | 40.8 | 41.8 | ' | ' | ' | ' | ' | ' | ' |
Impairment loss | $0 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business_and_Summary_of_Signif9
Business and Summary of Significant Accounting Policies - Stock Based Compensation Expense (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Allocated stock-based compensation expense | $132.20 | $156.30 | $108.80 |
Tax benefit | -36.4 | -35.5 | -27.1 |
Stock-based compensation expense related to stock awards and ESP Plan purchases, net | 95.8 | 120.8 | 81.7 |
Cost of license and other revenue | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Allocated stock-based compensation expense | 3.8 | 3.7 | 2.7 |
Cost of subscription | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Allocated stock-based compensation expense | 2.2 | 1.5 | 1.2 |
Marketing and sales | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Allocated stock-based compensation expense | 58.6 | 64.3 | 48.3 |
Research and development | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Allocated stock-based compensation expense | 43.7 | 61.8 | 38.1 |
General and administrative | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Allocated stock-based compensation expense | $23.90 | $25 | $18.50 |
Recovered_Sheet1
Business and Summary of Significant Accounting Policies - Assumption Used to Estimate the Fair Value of Stock-Based Awards (Details) | 12 Months Ended | |||||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | ||||
Performance Stock Unit | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | [1] | ' | ' | ||
Range of expected volatilities | 34.00% | [1] | ' | ' | ||
Range of risk-free interest rates | 0.10% | [1] | ' | ' | ||
Performance Stock Unit | Minimum | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Expected forfeitures | 7.20% | [1] | ' | ' | ||
Performance Stock Unit | Maximum | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Expected forfeitures | 7.70% | [1] | ' | ' | ||
Employee Qualified Stock Purchase Plan 1998 ESP Plan | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | 0.00% | 0.00% | |||
Employee Qualified Stock Purchase Plan 1998 ESP Plan | Minimum | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Range of expected volatilities | 27.00% | 41.00% | 34.00% | |||
Range of expected lives | '6 months | '6 months | '6 months | |||
Range of risk-free interest rates | 0.10% | 0.10% | 0.10% | |||
Expected forfeitures | 7.20% | 7.70% | 7.80% | |||
Employee Qualified Stock Purchase Plan 1998 ESP Plan | Maximum | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Range of expected volatilities | 36.00% | 44.00% | 44.00% | |||
Range of expected lives | '2 years | '2 years | '2 years | |||
Range of risk-free interest rates | 0.40% | 0.30% | 0.80% | |||
Expected forfeitures | 7.70% | 7.80% | 10.50% | |||
Stock Options Plan | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | ' | 0.00% | [2] | 0.00% | [2] | |
Stock Options Plan | Minimum | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Range of expected volatilities | ' | 41.00% | [2] | 40.00% | [2] | |
Range of expected lives | ' | '3 years 7 months 6 days | [2] | '2 years 7 months 6 days | [2] | |
Range of risk-free interest rates | ' | 0.50% | [2] | 0.50% | [2] | |
Expected forfeitures | ' | 7.70% | [2] | 7.80% | [2] | |
Stock Options Plan | Maximum | ' | ' | ' | |||
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | ' | ' | ' | |||
Range of expected volatilities | ' | 45.00% | [2] | 49.00% | [2] | |
Range of expected lives | ' | '4 years 7 months 6 days | [2] | '4 years 9 months 18 days | [2] | |
Range of risk-free interest rates | ' | 0.80% | [2] | 1.90% | [2] | |
Expected forfeitures | ' | 7.80% | [2] | 10.50% | [2] | |
[1] | Autodesk did not grant PSUs in fiscal 2013 and 2012 that were subject to market conditions. | |||||
[2] | Autodesk did not grant stock options in fiscal 2014. |
Recovered_Sheet2
Business and Summary of Significant Accounting Policies - Other Intangible Assets Additional Information (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Business and Summary of Significant Accounting Policies [Abstract] | ' | ' | ' |
Amortization of intangible assets | $80.70 | $82 | $71.80 |
Weighted average useful life | '4 years 1 month 2 days | ' | ' |
Recovered_Sheet3
Business and Summary of Significant Accounting Policies - Advertising Expense (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Business and Summary of Significant Accounting Policies [Abstract] | ' | ' | ' |
Advertising Expense | $15.60 | $15.60 | $21.30 |
Financial_Instruments_Cost_and
Financial Instruments - Cost and Fair Value of Financial Instruments (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2011 | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash equivalents | $1,853 | $1,612.20 | $1,156.90 | $1,075.10 | ||
Derivative Instruments And Hedges at Amortized Cost | 10.8 | [1] | 10.2 | [1] | ' | ' |
Unrealized Gain on Foreign Currency Derivatives, before Tax | 14.8 | [1] | 9.2 | [1] | ' | ' |
Unrealized Loss on Foreign Currency Derivatives, before Tax | -6 | [1] | -5.9 | [1] | ' | ' |
Derivative Contracts, Fair Value | 19.6 | [1] | 13.5 | [1] | ' | ' |
Amortized Cost Securities | 1,545.30 | 2,029.20 | ' | ' | ||
Unrealized Gain on Securities | 22.4 | 16.9 | ' | ' | ||
Unrealized Loss on Securities | -10.5 | -8.1 | ' | ' | ||
Total | 1,557.20 | 2,038 | ' | ' | ||
Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Trading Securities | 35.6 | 31.1 | ' | ' | ||
Trading Securities, Unrealized Holding Gain | 3.3 | 4.2 | ' | ' | ||
Trading Securities, Unrealized Holding Loss | 0 | 0 | ' | ' | ||
Other Assets | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | ' | 18.1 | [2] | ' | ' | |
Available-for-sale Securities, Gross Unrealized Gains | ' | 1.6 | [2] | ' | ' | |
Available-for-sale Securities, Gross Unrealized Losses | ' | -2.2 | [2] | ' | ' | |
Available-for-sale Securities, Fair Value | ' | 17.5 | [2] | ' | ' | |
Convertible Debt Securities, Amortized Cost | 21.4 | [3] | ' | ' | ' | |
Convertible Debt Securities, Unrealized Gains | 3.2 | [3] | ' | ' | ' | |
Convertible Debt Securities, Unrealized Losses | -4.4 | [3] | ' | ' | ' | |
Convertible Debt Securities, Fair Value | 20.2 | [3] | ' | ' | ' | |
Fair Value, Inputs, Level 1 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Derivative Contracts, Fair Value | 0 | [1] | 0 | [1] | ' | ' |
Total | 521.1 | 678.3 | ' | ' | ||
Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Trading Securities | 38.9 | 35.3 | ' | ' | ||
Fair Value, Inputs, Level 1 | Other Assets | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | [2] | ' | ' | |
Convertible Debt Securities, Fair Value | 0 | [3] | ' | ' | ' | |
Fair Value, Inputs, Level 2 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Derivative Contracts, Fair Value | 10.5 | [1] | 2.8 | [1] | ' | ' |
Total | 1,006.80 | 1,327.30 | ' | ' | ||
Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Trading Securities | 0 | 0 | ' | ' | ||
Fair Value, Inputs, Level 2 | Other Assets | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | [2] | ' | ' | |
Convertible Debt Securities, Fair Value | 0 | [3] | ' | ' | ' | |
Fair Value, Inputs, Level 3 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Derivative Contracts, Fair Value | ' | 10.7 | [1] | ' | ' | |
Total | 29.3 | 32.4 | ' | ' | ||
Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Trading Securities | 0 | 0 | ' | ' | ||
Fair Value, Inputs, Level 3 | Other Assets | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 17.5 | [2] | ' | ' | |
Convertible Debt Securities, Fair Value | 20.2 | [3] | ' | ' | ' | |
Commercial paper and corporate debt securities | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 261 | 122.9 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0.1 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 261 | 123 | ' | ' | ||
Commercial paper and corporate debt securities | Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 95.4 | 40.4 | ' | ' | ||
Commercial paper and corporate debt securities | Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 165.6 | 82.6 | ' | ' | ||
Commercial paper and corporate debt securities | Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Certificates of deposit and time deposits | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 37.1 | 15.1 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 37.1 | 15.1 | ' | ' | ||
Certificates of deposit and time deposits | Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 10 | ' | ' | ||
Certificates of deposit and time deposits | Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 37.1 | 5.1 | ' | ' | ||
Certificates of deposit and time deposits | Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
U.S. treasury securities | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | ' | 83.3 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | ' | 0 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | ' | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 83.3 | ' | ' | ||
U.S. treasury securities | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 43.3 | 145.2 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0.1 | 0.1 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 43.4 | 145.3 | ' | ' | ||
U.S. treasury securities | Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 83.3 | ' | ' | ||
U.S. treasury securities | Fair Value, Inputs, Level 1 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 43.4 | 145.3 | ' | ' | ||
U.S. treasury securities | Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | ' | ' | ||
U.S. treasury securities | Fair Value, Inputs, Level 2 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
U.S. treasury securities | Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | ' | ' | ||
U.S. treasury securities | Fair Value, Inputs, Level 3 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
US government agency securities | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 11.3 | 79.5 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 11.3 | 79.5 | ' | ' | ||
US government agency securities | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 9.8 | 50.8 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0.2 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 9.8 | 51 | ' | ' | ||
US government agency securities | Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 11.3 | 79.5 | ' | ' | ||
US government agency securities | Fair Value, Inputs, Level 1 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 9.8 | 51 | ' | ' | ||
US government agency securities | Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
US government agency securities | Fair Value, Inputs, Level 2 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
US government agency securities | Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
US government agency securities | Fair Value, Inputs, Level 3 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Sovereign Debt | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 42.7 | 1 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 42.7 | 1 | ' | ' | ||
Sovereign Debt | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | ' | 1 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | ' | 0 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | ' | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 1 | ' | ' | ||
Sovereign Debt | Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 42.7 | 0 | ' | ' | ||
Sovereign Debt | Fair Value, Inputs, Level 1 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | ' | ' | ||
Sovereign Debt | Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 1 | ' | ' | ||
Sovereign Debt | Fair Value, Inputs, Level 2 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 1 | ' | ' | ||
Sovereign Debt | Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Sovereign Debt | Fair Value, Inputs, Level 3 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | ' | ' | ||
Municipal securities | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 11.7 | 4.6 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 11.7 | 4.6 | ' | ' | ||
Municipal securities | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 43.5 | 36 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0.3 | 0.1 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 43.8 | 36.1 | ' | ' | ||
Municipal securities | Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 11.7 | 4.6 | ' | ' | ||
Municipal securities | Fair Value, Inputs, Level 1 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 43.8 | 36.1 | ' | ' | ||
Municipal securities | Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Municipal securities | Fair Value, Inputs, Level 2 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Municipal securities | Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Municipal securities | Fair Value, Inputs, Level 3 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Other | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 11.4 | [4] | 0.3 | ' | ' | |
Available-for-sale Securities, Gross Unrealized Gains | 0 | [4] | 0 | ' | ' | |
Available-for-sale Securities, Gross Unrealized Losses | 0 | [4] | 0 | ' | ' | |
Available-for-sale Securities, Fair Value | 11.4 | [4] | 0.3 | ' | ' | |
Other | Fair Value, Inputs, Level 1 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 11.4 | [4] | 0.3 | ' | ' | |
Other | Fair Value, Inputs, Level 2 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | [4] | 0 | ' | ' | |
Other | Fair Value, Inputs, Level 3 | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | [4] | 0 | ' | ' | |
Corporate debt securities | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | 179.7 | 172.1 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | 0.7 | 1.4 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | -0.1 | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | 180.3 | 173.5 | ' | ' | ||
Corporate debt securities | Fair Value, Inputs, Level 1 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 180.3 | 173.5 | ' | ' | ||
Corporate debt securities | Fair Value, Inputs, Level 2 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Corporate debt securities | Fair Value, Inputs, Level 3 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | 0 | 0 | ' | ' | ||
Taxable Auction-Rate Securities | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Amortized Cost | ' | 4.2 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Gains | ' | 0 | ' | ' | ||
Available-for-sale Securities, Gross Unrealized Losses | ' | 0 | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 4.2 | ' | ' | ||
Taxable Auction-Rate Securities | Fair Value, Inputs, Level 1 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | ' | ' | ||
Taxable Auction-Rate Securities | Fair Value, Inputs, Level 2 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 0 | ' | ' | ||
Taxable Auction-Rate Securities | Fair Value, Inputs, Level 3 | Marketable Securities, Noncurrent | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Available-for-sale Securities, Fair Value | ' | 4.2 | ' | ' | ||
Certificates of deposit and time deposits | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash equivalents | 280.7 | [5] | 392.4 | [5] | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 280.7 | [5] | 392.4 | [5] | ' | ' |
Certificates of deposit and time deposits | Fair Value, Inputs, Level 1 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 30.4 | [5] | 17.2 | [5] | ' | ' |
Certificates of deposit and time deposits | Fair Value, Inputs, Level 2 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 250.3 | [5] | 375.2 | [5] | ' | ' |
Certificates of deposit and time deposits | Fair Value, Inputs, Level 3 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | [5] | 0 | [5] | ' | ' |
Municipal securities | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash equivalents | 2 | [5] | 1.8 | [5] | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 2 | [5] | 1.8 | [5] | ' | ' |
Municipal securities | Fair Value, Inputs, Level 1 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 2 | [5] | 1.8 | [5] | ' | ' |
Municipal securities | Fair Value, Inputs, Level 2 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | [5] | 0 | [5] | ' | ' |
Municipal securities | Fair Value, Inputs, Level 3 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | [5] | 0 | [5] | ' | ' |
Commercial Paper | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash equivalents | 280.5 | [5] | 263.3 | [5] | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 280.5 | [5] | 263.3 | [5] | ' | ' |
Commercial Paper | Fair Value, Inputs, Level 1 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | [5] | 0 | [5] | ' | ' |
Commercial Paper | Fair Value, Inputs, Level 2 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 280.5 | [5] | 263.3 | [5] | ' | ' |
Commercial Paper | Fair Value, Inputs, Level 3 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | [5] | 0 | [5] | ' | ' |
Money Market Funds | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash equivalents | 262.8 | [5] | 596.3 | [5] | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 262.8 | [5] | 596.3 | [5] | ' | ' |
Money Market Funds | Fair Value, Inputs, Level 1 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | [5] | 0 | [5] | ' | ' |
Money Market Funds | Fair Value, Inputs, Level 2 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 262.8 | [5] | 596.3 | [5] | ' | ' |
Money Market Funds | Fair Value, Inputs, Level 3 | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | [5] | 0 | [5] | ' | ' |
Rabbi Trust | Marketable Securities, Current | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Trading Securities | 38.9 | 35.3 | ' | ' | ||
Not Designated as Hedging Instrument | Other Assets | ' | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ||
Derivative Contracts, Fair Value | $9.10 | [1] | ' | ' | ' | |
[1] | Included in “Prepaid expenses and other current assets,†"Other assets," or “Other accrued liabilities†in the accompanying Consolidated Balance Sheets. | |||||
[2] | Considered "available for sale" securities and included in "Other assets" in the accompanying Consolidated Balance Sheets. | |||||
[3] | Considered "available for sale" and included in "Other assets" in the accompanying Consolidated Balance Sheets. | |||||
[4] | Consists of agency discount notes, U.S. treasury bills, and other short-term securities. | |||||
[5] | Included in “Cash and cash equivalents†in the accompanying Consolidated Balance Sheets. |
Financial_Instruments_Reconcil
Financial Instruments - Reconciliation of the Change in Level 3 Items (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Beginning Balance | $32.40 | $28.70 |
Purchases | 4.4 | 9 |
Settlements | -4 | -8.5 |
Net realized losses | -0.2 | ' |
Total unrealized gains (losses) | -3.3 | 3.2 |
Ending Balance | 29.3 | 32.4 |
Derivative Contracts | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Beginning Balance | 10.7 | 6.2 |
Purchases | 1.3 | 2 |
Settlements | 0 | -1.3 |
Net realized losses | 0 | ' |
Total unrealized gains (losses) | -2.9 | 3.8 |
Ending Balance | 9.1 | 10.7 |
Convertible Debt Securities | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Beginning Balance | 17.5 | 18.3 |
Purchases | 3.1 | 7 |
Settlements | 0 | -7.2 |
Net realized losses | 0 | ' |
Total unrealized gains (losses) | -0.4 | -0.6 |
Ending Balance | 20.2 | 17.5 |
Taxable Auction-Rate Securities | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Beginning Balance | 4.2 | 4.2 |
Purchases | 0 | 0 |
Settlements | -4 | 0 |
Net realized losses | -0.2 | ' |
Total unrealized gains (losses) | 0 | 0 |
Ending Balance | $0 | $4.20 |
Financial_Instruments_Contract
Financial Instruments - Contractual Maturities of Types of Securities (Details) (USD $) | Jan. 31, 2014 |
In Millions, unless otherwise specified | |
Cost | ' |
Due in 1 year | $375.20 |
Due in 1 year through 5 years | 297.7 |
Due in 5 years through 10 years | 0 |
Due after 10 years | 0 |
Total | 672.9 |
Fair Value | ' |
Due in 1 year | 375.2 |
Due in 1 year through 5 years | 297.5 |
Due in 5 years through 10 years | 0 |
Due after 10 years | 0 |
Total | $672.70 |
Financial_Instruments_Availabl
Financial Instruments - Available for Sale Securities (Detail) (USD $) | 12 Months Ended | ||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |
Derivative [Line Items] | ' | ' | ' |
Other than Temporary Impairment Losses, Investments | $0 | $10,500,000 | ' |
Available-for-sale securities gross gains (losses) | -200,000 | 5,000,000 | ' |
Proceeds from Sale and Maturity of Marketable Securities | 1,279,100,000 | 1,097,700,000 | ' |
Notional amount of foreign currency forward contracts not designated as cash flow hedges | 351,700,000 | 359,800,000 | ' |
Net loss expected to be recognized into earnings | 3,500,000 | 2,800,000 | 9,200,000 |
Foreign Exchange Contract | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Notional amount of foreign currency forward contracts not designated as cash flow hedges | $205,500,000 | $78,400,000 | ' |
Financial_Instruments_Fair_Val
Financial Instruments - Fair Value of Derivative Instruments (Detail) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Derivatives, Fair Value [Line Items] | ' | ' | ||
Derivative asset, net | $21.30 | $17.40 | ||
Derivative liability, net | 1.7 | 3.9 | ||
Designated as Hedging Instrument | Foreign Exchange Contracts | Prepaid expenses and other current assets | ' | ' | ||
Derivatives, Fair Value [Line Items] | ' | ' | ||
Derivative asset, net | 4.4 | [1] | 6.7 | [1] |
Derivative asset, gross | 5.9 | 8.2 | ||
Designated as Hedging Instrument | Foreign Exchange Contracts | Other Accrued Liabilities | ' | ' | ||
Derivatives, Fair Value [Line Items] | ' | ' | ||
Derivative liability, net | 1.7 | [2] | 3.9 | [2] |
Derivative liability, gross | 3.2 | 5.4 | ||
Not Designated as Hedging Instrument | Other assets | ' | ' | ||
Derivatives, Fair Value [Line Items] | ' | ' | ||
Derivative asset, net | $16.90 | $10.70 | ||
[1] | Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $5.9 million and $8.2 million at January 31, 2014 and January 31, 2013, respectively. | |||
[2] | Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $3.2 million and $5.4 million at January 31, 2014 and January 31, 2013, respectively. |
Financial_Instruments_Effects_
Financial Instruments - Effects of Derivative Instruments on Condensed Consolidated Statements of Operations (Detail) (Foreign Exchange Contracts, USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 |
Designated as Hedging Instrument | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain recognized in Accumulated other comprehensive income on derivatives (effective portion) | $12.20 | $5.10 |
Amount and Location of Gain (Loss) Reclassified from Accumulated other comprehensive income into Income (Effective Portion) | 11.5 | 11.4 |
Designated as Hedging Instrument | Net revenue | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount and Location of Gain (Loss) Reclassified from Accumulated other comprehensive income into Income (Effective Portion) | 13.1 | 16 |
Designated as Hedging Instrument | Operating expenses | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount and Location of Gain (Loss) Reclassified from Accumulated other comprehensive income into Income (Effective Portion) | -1.6 | -4.6 |
Designated as Hedging Instrument | Interest and other (expense) income, net | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount and Location of (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) | -0.1 | -0.2 |
Not Designated as Hedging Instrument | Interest and other (expense) income, net | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount and Location of Gain Recognized in Income on Derivative | $12.80 | $1.50 |
Employee_and_Director_Stock_Pl2
Employee and Director Stock Plans - Schedule Of Share-based Compensation Options Activity (Detail) (USD $) | 12 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | |
Number of Shares | ' | |
Options outstanding (in shares) | 19 | |
Granted (in shares) | 0 | [1] |
Exercised (in shares) | -9.2 | |
Canceled/Forfeited (in shares) | -3.9 | |
Options outstanding (in shares) | 5.9 | |
Options exercisable (in shares) | 4 | |
Options vested and exercisable and expected to vest (in shares) | 5.9 | [2] |
Options available for grant (in shares) | 21.6 | |
Weighted average price per share | ' | |
Options outstanding (per share) | $32.69 | |
Granted (per share) | $0 | [1] |
Exercised (per share) | $27.08 | |
Canceled/Forfeited (per share) | $44.67 | |
Options outstanding (per share) | $33.54 | |
Options exercisable (per share) | $30.98 | |
Options vested and exercisable and expected to vest (per share) | $33.52 | [2] |
Options outstanding, Weighted average contractual term | '4 years 9 months 7 days | |
Options outstanding, Aggregate Intrinsic Value | $105.30 | [3] |
Options vested and exercisable, Weighted average contractual term | '3 years 11 months 26 days | |
Options vested and exercisable, Aggregate Intrinsic Value | 80.3 | [3] |
Options vested and exercisable and expected to vest, Weighted average remaining contractual term | '4 years 9 months 3 days | [2] |
Options vested and exercisable and expected to vest, Aggregate Intrinsic Value | $105 | [2],[3] |
[1] | Autodesk did not grant stock options in the twelve months ended January 31, 2014. | |
[2] | Options expected to vest reflect an estimated forfeiture rate. | |
[3] | Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $51.25 per share as of January 31, 2014, which would have been received by the option holders had all option holders exercised their options as of that date. |
Employee_and_Director_Stock_Pl3
Employee and Director Stock Plans - Intrinsic Value of Options Exercised and Weighted Average Grant Date Fair Value of Stock Options Granted (Detail) (USD $) | 12 Months Ended | |||||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' | |||
Intrinsic value of options exercised | $149 | [1] | $90.90 | [1] | $85.70 | [1] |
Weighted average grant date fair value per share of stock options granted | $0 | [2] | $13.39 | [2] | $14.04 | [2] |
[1] | The intrinsic value of options exercised is calculated as the difference between the exercise price of the option and the market value of the stock on the date of exercise. | |||||
[2] | The weighted average grant date fair value per share of stock options granted is calculated, as of the stock option grant date, using the BSM option pricing model. For the twelve months ended January 31, 2014, Autodesk did not grant stock options. |
Employee_and_Director_Stock_Pl4
Employee and Director Stock Plans - Options Outstanding and Exercisable (Detail) (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | |
Options Vested and Exercisable, Number of Shares | 4 | ' | |
Options Vested and Exercisable, Weighted average contractual life (in years) | '3 years 11 months 26 days | ' | |
Options Vested and Exercisable, Weighted average exercise price | $30.98 | ' | |
Options Vested and Exercisable, Aggregate intrinsic value | $80.30 | [1] | ' |
Options Outstanding, Number of Shares | 5.9 | 19 | |
Options Outstanding, Weighted average contractual life (in years) | '4 years 9 months 7 days | ' | |
Options Outstanding, Weighted average exercise price | $33.54 | $32.69 | |
Options Outstanding, Aggregate Intrinsic Value | $105.30 | [1] | ' |
Closing stock price (in dollars per share) | $51.25 | ' | |
$2.28 - $29.49 | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | |
Range of per-share exercise prices, Lower Limit | $2.28 | ' | |
Range of per-share exercise prices, Upper Limit | $29.49 | ' | |
Options Vested and Exercisable, Number of Shares | 1.8 | ' | |
Options Vested and Exercisable, Weighted average exercise price | $22.73 | ' | |
Options Outstanding, Number of Shares | 2.1 | ' | |
Options Outstanding, Weighted average exercise price | $23.51 | ' | |
$29.50 - $38.08 | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | |
Range of per-share exercise prices, Lower Limit | $29.50 | ' | |
Range of per-share exercise prices, Upper Limit | $38.08 | ' | |
Options Vested and Exercisable, Number of Shares | 0.9 | ' | |
Options Vested and Exercisable, Weighted average exercise price | $32.75 | ' | |
Options Outstanding, Number of Shares | 1.2 | ' | |
Options Outstanding, Weighted average exercise price | $32.46 | ' | |
$38.55 - $38.55 | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | |
Range of per-share exercise prices, Lower Limit | $38.55 | ' | |
Range of per-share exercise prices, Upper Limit | $38.55 | ' | |
Options Vested and Exercisable, Number of Shares | 0.1 | ' | |
Options Vested and Exercisable, Weighted average exercise price | $38.55 | ' | |
Options Outstanding, Number of Shares | 0.1 | ' | |
Options Outstanding, Weighted average exercise price | $38.55 | ' | |
$41.62 - $41.62 | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | |
Range of per-share exercise prices, Lower Limit | $41.62 | ' | |
Range of per-share exercise prices, Upper Limit | $41.62 | ' | |
Options Vested and Exercisable, Number of Shares | 0.9 | ' | |
Options Vested and Exercisable, Weighted average exercise price | $41.62 | ' | |
Options Outstanding, Number of Shares | 2 | ' | |
Options Outstanding, Weighted average exercise price | $41.62 | ' | |
$42.39 - $43.81 | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | |
Range of per-share exercise prices, Lower Limit | $42.39 | ' | |
Range of per-share exercise prices, Upper Limit | $43.81 | ' | |
Options Vested and Exercisable, Number of Shares | 0.3 | ' | |
Options Vested and Exercisable, Weighted average exercise price | $43.80 | ' | |
Options Outstanding, Number of Shares | 0.5 | ' | |
Options Outstanding, Weighted average exercise price | $43.79 | ' | |
[1] | Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $51.25 per share as of January 31, 2014, which would have been received by the option holders had all option holders exercised their options as of that date. |
Employee_and_Director_Stock_Pl5
Employee and Director Stock Plans - Summary of Restricted Stock Award and Restricted Stock Unit Activity (Detail) (USD $) | 12 Months Ended | |||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | ||
Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) | ' | ' | ' | |
Unreleased restricted stock | ' | ' | ' | |
Unreleased restricted stock at January 31, 2012 | 5,020,800 | ' | ' | |
Granted | 4,077,100 | ' | ' | |
Released | -2,146,100 | ' | ' | |
Canceled | -422,000 | ' | ' | |
Performance adjustment | -14,200 | [1] | ' | ' |
Unreleased restricted stock at January 31, 2013 | 6,515,600 | 5,020,800 | ' | |
Weighted average grant date fair value | ' | ' | ' | |
Unreleased restricted stock at January 31, 2012 | $33.89 | ' | ' | |
Granted | $42.37 | $33.32 | $37.07 | |
Released | $34.37 | ' | ' | |
Forfeited | $35.58 | ' | ' | |
Performance adjustment | $35.95 | [1] | ' | ' |
Unreleased restricted stock at January 31, 2013 | $39.15 | $33.89 | ' | |
Performance Stock Units (PSUs) | ' | ' | ' | |
Unreleased restricted stock | ' | ' | ' | |
Granted | 500,000 | ' | ' | |
Unreleased restricted stock at January 31, 2013 | 800,000 | ' | ' | |
Weighted average grant date fair value | ' | ' | ' | |
Equity instruments other than options, percent of target | 92.30% | ' | ' | |
[1] | Based on Autodesk's financial results for the performance period, the fiscal 2013 performance stock units were earned at 92.3% of the target award. The vesting of the performance stock units is subject to the holders satisfying the remaining service condition of the awards. |
Employee_and_Director_Stock_Pl6
Employee and Director Stock Plans - Stock-Based Compensation Expense - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||||||||
In Millions, except Share data, unless otherwise specified | Jan. 14, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Aug. 02, 2012 | |||
Plan | Employee Stock Plan 2012 | Outside directors stock plan 2012 | Outside directors stock plan 2012 | Outside directors stock plan 2012 | ESP Plan | ESP Plan | ESP Plan | Stock Options and Restricted Stock | Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) | Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) | Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) | Restricted Stock Units (RSUs) | Restricted Stock Units (RSUs) | Restricted Stock Units (RSUs) | Restricted Stock Units (RSUs) | Performance Stock Units (PSUs) | Performance Stock Units (PSUs) | Performance Stock Units (PSUs) | Performance Stock Units (PSUs) | Performance Stock Units (PSUs) | Socialcam | |||||||
Minimum | Maximum | Employee Stock Plan 2012 | Outside directors stock plan 2012 | Year One | Year Two | Year Three | Restricted Stock Units (RSUs) | |||||||||||||||||||||
Compensation Related Costs Share Based Payments Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Number of Active Stock Plans | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Number of Expired Plans | ' | 8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares of common stock reserved for issuance (in shares) | ' | ' | ' | ' | 32,600,000 | 2,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Restricted stock award, net of forfeitures (in shares) | ' | ' | ' | ' | 26,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares forfeited (in shares) | ' | ' | ' | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares granted to shares issued (in shares) | ' | $2.11 | ' | ' | $1.79 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Grants in period, net of forfeitures (in shares) | ' | 0 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,100,000 | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ||
Number of additional share authorized (in shares) | 11,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Share based payment award options expiration term (in years) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares available for future issuance (in shares) | ' | 59,700,000 | ' | ' | 19,400,000 | 2,200,000 | ' | ' | 38,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Vesting period | ' | ' | ' | ' | '3 years | ' | '1 year | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total compensation costs related to non-vested options | ' | $8.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total compensation costs related to non-vested options, expected to be recognized over a weighted average period (in years) | ' | '5 months 25 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Granted (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $42.37 | $33.32 | $37.07 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 73.8 | 33.6 | 18.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Restricted stock granted (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,077,100 | ' | ' | 3,500,000 | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | |||
Share based compensation expense, restricted stock units | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 74.9 | 70.5 | 29.1 | ' | 8.7 | 8.1 | ' | ' | ' | ' | |||
Research and Development Expense | ' | 611.1 | 600 | 566.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16.6 | |||
Total compensation cost related to non-vested awards not yet recognized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 152.4 | ' | ' | ' | 2.3 | ' | ' | ' | ' | ' | |||
Total compensation cost related to non-vested awards not yet recognized, weighted average period of recognition (in years) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 10 months 17 days | ' | ' | ' | '10 months 27 days | ' | ' | ' | ' | ' | |||
Number of awards granted but unreleased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,515,600 | 5,020,800 | ' | 5,700,000 | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | |||
Vesting percentage (up to percentage) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33.33% | 33.33% | 33.33% | ' | |||
Percentage of compensation that eligible employees can use to purchase common stock, maximum | ' | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Percentage of fair market value eligible employees can purchase common stock, minimum | ' | 85.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares available for future issuance, increases on the first trading day of each fiscal year (In shares) | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares available for future issuance, percentage of outstanding shares plus any shares repurchased by Autodesk (as a percent) | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares issued under the ESP plan (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | 2,900,000 | 2,900,000 | 2,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares issued under the ESP Plan, average price (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $22.61 | $21.79 | $18.26 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Weighted average grant date fair value (in dollars per share) | ' | $0 | [2] | $13.39 | [2] | $14.04 | [2] | ' | ' | ' | ' | $11.80 | $12.21 | $9.95 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share Based Compensation recognized Compensation Costs On Nonvested Restricted Shares | ' | ' | ' | ' | ' | ' | ' | ' | $22.90 | $34 | $23.80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
[1] | Autodesk did not grant stock options in the twelve months ended January 31, 2014. | |||||||||||||||||||||||||||
[2] | The weighted average grant date fair value per share of stock options granted is calculated, as of the stock option grant date, using the BSM option pricing model. For the twelve months ended January 31, 2014, Autodesk did not grant stock options. |
Employee_and_Director_Stock_Pl7
Employee and Director Stock Plans - Options Outstanding (Details) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 | |
In Millions, except Per Share data, unless otherwise specified | |||
Number of securities to be issued upon exercise of outstanding options | 12.5 | ' | |
Weighted Average Exercise Price | $33.54 | $32.69 | |
Shares available for future issuance | 59.7 | ' | |
Equity Compensation Plans Approved by Security Holders | ' | ' | |
Number of securities to be issued upon exercise of outstanding options | 12.4 | ' | |
Weighted Average Exercise Price | $33.56 | ' | |
Shares available for future issuance | 59.7 | [1] | ' |
Equity Compensation Plans Not Approved by Security Holders | ' | ' | |
Number of securities to be issued upon exercise of outstanding options | 0.1 | [2] | ' |
Weighted Average Exercise Price | $24.20 | [2] | ' |
Shares available for future issuance | 0 | [2] | ' |
[1] | Included in this amount are 38.1 million securities available for future issuance under Autodesk’s ESP Plan. | ||
[2] | Amounts correspond to Autodesk’s Nonstatutory Stock Option Plan, which was terminated by the Board of Directors in December 2004. |
Income_Taxes_Provision_for_inc
Income Taxes Provision for income taxes (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jul. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Federal: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | $29.10 | $30.90 | $54.30 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | -41.4 | -13.3 | -34.5 |
State: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 0.6 | 7.8 | 4.9 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -18.6 | 1.3 |
Foreign: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 63.9 | 54.3 | 55.9 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | -1.1 | 1.5 | -4.3 |
Income tax expense | $2.40 | $11.60 | $20.10 | $17 | $11.60 | $4.90 | $27.50 | $18.60 | $51.10 | $62.60 | $77.60 |
Income_Taxes_Differences_betwe
Income Taxes Differences between the U.S. statutory rate and the aggregate income tax provision (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jul. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax provision at U.S. Federal statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | $98 | $108.50 | $127 |
State income tax (benefit) expense, net of the U.S. Federal benefit | ' | ' | ' | ' | ' | ' | ' | ' | -2.9 | -1.7 | 2.8 |
Foreign income taxed at rates different from the U.S. statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | -57.1 | -54.5 | -61.5 |
U.S. valuation allowance | ' | ' | ' | ' | ' | ' | ' | ' | 2.1 | 1.7 | 1.7 |
Non-deductible stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | 10.8 | 21.1 | 12.8 |
Research and development tax credit benefit | ' | ' | ' | ' | ' | ' | ' | ' | -8.8 | -7 | -6 |
Tax expense (benefit) from closure of income tax audits and changes in uncertain tax positions | ' | ' | ' | ' | ' | ' | ' | ' | 3.6 | -2.8 | -0.4 |
Officer compensation in excess of $1.0 million | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 1.8 | 1.9 |
U.S. Manufacturer's deduction | ' | ' | ' | ' | ' | ' | ' | ' | -0.1 | -4.9 | -3 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 2.5 | 0.4 | 2.3 |
Income tax expense | $2.40 | $11.60 | $20.10 | $17 | $11.60 | $4.90 | $27.50 | $18.60 | $51.10 | $62.60 | $77.60 |
Income_Taxes_Components_Of_Def
Income Taxes Components Of Deferred Tax Assets and Liabilities (Details) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Millions, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Nonqualified stock options | $37.40 | $67.50 |
Research and development tax credit carryforwards | 78.4 | 54 |
Foreign tax credit carryforwards | 16.3 | 0 |
Accrued compensation and benefits | 38.6 | 34.5 |
Other accruals not currently deductible for tax | 14.5 | 15.3 |
Purchased technology and capitalized software | 23.4 | 9.8 |
Fixed assets | 17.5 | 18.5 |
Tax loss carryforwards | 12.6 | 21 |
Deferred Revenue | 33.1 | 28.5 |
Other | 5.1 | 2.2 |
Total deferred tax assets | 276.9 | 251.3 |
Less: valuation allowance | -67.2 | -51.3 |
Net deferred tax assets | 209.7 | 200 |
Tax method change on advanced payments | 0 | -3.1 |
Unremitted earnings of foreign subsidiaries | -21.8 | -31.9 |
Total deferred tax liability | -21.8 | -35 |
Net deferred tax assets | $187.90 | $165 |
Income_Taxes_Unrecognized_Tax_
Income Taxes Unrecognized Tax Benefits Reconciliation, Table (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' | ' |
Gross unrecognized tax benefits at the beginning of the fiscal year | $212.70 | $201.10 | $188.40 |
Increases for tax positions of prior years | 1.8 | 0.4 | 0.4 |
Decreases for tax positions of prior years | -0.3 | -0.4 | -0.4 |
Increases for tax positions related to the current year | 15.3 | 17.8 | 14.3 |
Decreases for lapse of statute of limitations/audit settlements | -7.4 | -6.2 | -1.6 |
Gross unrecognized tax benefits at the end of the fiscal year | $222.10 | $212.70 | $201.10 |
Income_Taxes_Additional_Inform
Income Taxes Additional Information (Detail) (USD $) | 12 Months Ended | |||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2011 |
Income Taxes [Line Items] | ' | ' | ' | ' |
Increase Decrease In Income taxes Payable Current | $0.90 | ' | ' | ' |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits | 191.6 | ' | ' | ' |
Income (Loss) from Continuing Operations before Income Taxes, Foreign | 380.5 | 383.3 | 383.7 | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | 15.9 | 3.8 | 4.6 | ' |
Deferred Tax Liability Not Recognized, Cumulative Amount of Temporary Difference | 1,690 | ' | ' | ' |
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability | 491.4 | ' | ' | ' |
Net deferred tax assets | 187.9 | 165 | ' | ' |
Foreign Income Tax Expense (Benefit), Continuing Operations | 9.7 | 6.6 | 10.4 | ' |
Income Tax Holiday, Income Tax Benefits Per Share | $0.04 | $0.03 | $0.05 | ' |
Current Foreign Tax Expense (Benefit) | 63.9 | 54.3 | 55.9 | ' |
Gross unrecognized tax benefits | 222.1 | 212.7 | 201.1 | 188.4 |
Amount of gross unrecognized tax benefits that would impact the effective tax rate, if recognized | 214.5 | ' | ' | ' |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 2.8 | 1.9 | 2.4 | ' |
Domestic Country | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Operating Loss Carryforwards | 17 | ' | ' | ' |
State and Local Jurisdiction | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Operating Loss Carryforwards | 322.9 | ' | ' | ' |
State and Local Jurisdiction and the Internal Revenue Service | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Operating Loss Carryforwards | 9.8 | ' | ' | ' |
Research | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Tax Credit Carryforward, Amount | 96.1 | ' | ' | ' |
California State Research | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Tax Credit Carryforward, Amount | 49.8 | ' | ' | ' |
Canadian | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Tax Credit Carryforward, Amount | 63.4 | ' | ' | ' |
Foreign Country | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Tax Credit Carryforward, Amount | $107.60 | ' | ' | ' |
Acquisitions_Summary_of_Fair_V
Acquisitions - Summary of Fair Value of Assets Acquired and Liabilities Assumed by Major Class (Detail) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jun. 07, 2012 | Jun. 07, 2012 | Jun. 07, 2012 | Jun. 07, 2012 | Jun. 07, 2012 | Aug. 02, 2012 | Aug. 02, 2012 | Aug. 02, 2012 | Aug. 02, 2012 | Aug. 02, 2012 | Oct. 04, 2012 | Oct. 04, 2012 | Oct. 04, 2012 | Oct. 04, 2012 | Oct. 04, 2012 | Dec. 21, 2012 | Dec. 21, 2012 | Dec. 21, 2012 | Dec. 21, 2012 | Dec. 21, 2012 | Nov. 21, 2013 | Nov. 21, 2013 | Nov. 21, 2013 | Nov. 21, 2013 | Nov. 21, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 |
In Millions, unless otherwise specified | Vela Systems | Vela Systems | Vela Systems | Vela Systems | Vela Systems | Socialcam | Socialcam | Socialcam | Socialcam | Socialcam | Qontext | Qontext | Qontext | Qontext | Qontext | PI-VR | PI-VR | PI-VR | PI-VR | PI-VR | Graitec SA | Graitec SA | Graitec SA | Graitec SA | Graitec SA | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | |||
Developed technologies | Customer relationships | Trade name | User List | Developed technologies | Customer relationships | Trade name | User List | Developed technologies | Customer relationships | Trade name | User List | Developed technologies | Customer relationships | Trade name | User List | Developed technologies | Customer relationships | Trade name | User List | Developed technologies | Developed technologies | Customer relationships | Customer relationships | Trade name | Trade name | User List | User List | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets | ' | ' | ' | ' | $5.90 | $3.60 | $2.60 | $0 | ' | $1.90 | $0 | $5.30 | $22.30 | ' | $2 | $0 | $0 | $0 | ' | $7.60 | $6.70 | $1.90 | $0 | ' | $15.90 | $2.20 | $1.70 | $0 | ' | ' | $15.90 | $13.60 | $2.80 | $1.50 | $1.80 | $2 | $0 | $0 |
Goodwill | 1,009.90 | 871.5 | 682.4 | 57.5 | ' | ' | ' | ' | 23 | ' | ' | ' | ' | 24 | ' | ' | ' | ' | 36.8 | ' | ' | ' | ' | 73.4 | ' | ' | ' | ' | 67 | 46.1 | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Revenue | ' | ' | ' | -2 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | -0.1 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred tax asset (liability) | ' | ' | ' | 3.9 | ' | ' | ' | ' | -9.4 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | -5 | ' | ' | ' | ' | -6.2 | ' | ' | ' | ' | 0.7 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Net tangible assets (liabilities) | ' | ' | ' | 4.5 | ' | ' | ' | ' | -0.2 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 0.7 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 1.5 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Payments to Acquire Businesses, Gross | ' | ' | ' | 76 | ' | ' | ' | ' | 59.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 87 | ' | ' | ' | ' | 89.7 | 63.2 | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, total cash consideration | ' | ' | ' | $76 | ' | ' | ' | ' | $42.90 | ' | ' | ' | ' | $26 | ' | ' | ' | ' | $48.60 | ' | ' | ' | ' | $87 | ' | ' | ' | ' | $89.70 | $63.20 | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Nov. 21, 2013 | Jun. 07, 2012 | Aug. 02, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Oct. 04, 2012 | Dec. 21, 2012 | |
Graitec SA | Vela Systems | Socialcam | Series of Individually Immaterial Business Acquisitions | Series of Individually Immaterial Business Acquisitions | Qontext | PI-VR | ||||
Entity | Entity | |||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Businesses Acquired | ' | ' | ' | ' | ' | ' | 14 | 9 | ' | ' |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value | ' | ' | ' | ' | $6,800,000 | ' | ' | ' | ' | ' |
Gain (Loss) on Sale of Investments | ' | ' | ' | ' | 3,300,000 | ' | ' | ' | ' | ' |
Goodwill, expected tax deductible amount | ' | ' | ' | 73,400,000 | 0 | 0 | ' | ' | 24,000,000 | ' |
Business Combination, Consideration Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 26,000,000 | 48,600,000 |
Payments to Acquire Businesses, Gross | ' | ' | ' | 87,000,000 | 76,000,000 | 59,500,000 | 89,700,000 | 63,200,000 | ' | ' |
Research and Development Expense | $611,100,000 | $600,000,000 | $566,500,000 | ' | ' | ' | ' | ' | ' | ' |
Deferred_Compensation_Addition
Deferred Compensation - Additional Information (Detail) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Millions, unless otherwise specified | ||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ' | ' |
Marketable securities | $691.40 | ' |
Rabbi Trust | ' | ' |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ' | ' |
Deferred compensation liability current | 1.9 | 3.9 |
Deferred compensation liability non-current | 37 | 31.4 |
Marketable Securities, Current | ' | ' |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ' | ' |
Trading securities | 35.6 | 31.1 |
Marketable Securities, Current | Rabbi Trust | ' | ' |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ' | ' |
Trading securities | $38.90 | $35.30 |
Borrowing_Arrangements_Detail
Borrowing Arrangements (Detail) (USD $) | 12 Months Ended | 1 Months Ended | ||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Jan. 31, 2014 |
Senior Notes | Senior Notes | Senior Notes | Senior Notes | |||
Senior Notes 2017 | Senior Notes 2022 | |||||
Debt Disclosure [Line Items] | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | $400 | $350 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | 1.95% | 3.60% | ' | ' |
Debt Instrument, Maturity Date | ' | ' | 15-Dec-17 | 15-Dec-22 | ' | ' |
Proceeds from Debt, Net of Issuance Costs | ' | ' | ' | ' | 739.3 | ' |
Debt Instrument, Unamortized Discount | ' | ' | ' | ' | 4.5 | ' |
Debt Issuance Cost | ' | ' | ' | ' | 6.1 | ' |
Debt redemption percentage of principle amount (as a percent) | ' | ' | ' | ' | 101.00% | ' |
Debt Instrument, Fair Value Disclosure | ' | ' | ' | ' | ' | 738 |
Unsecured revolving credit facility | 400 | ' | ' | ' | ' | ' |
Unsecured revolving credit facility, option to request an increase in the amount of the credit facility up to | 100 | ' | ' | ' | ' | ' |
Line of credit facility, expiration | 31-May-18 | ' | ' | ' | ' | ' |
Line of credit facility, outstanding borrowings | $0 | $0 | ' | ' | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies - Future Minimum Lease Payments (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Future Minimum Lease Payments [Abstract] | ' | ' | ' |
2015 | $53.10 | ' | ' |
2016 | 47 | ' | ' |
2017 | 39.5 | ' | ' |
2018 | 35.7 | ' | ' |
2019 | 26.1 | ' | ' |
Thereafter | 38.5 | ' | ' |
Future minimum lease payments required | 239.9 | ' | ' |
Less: Sublease income | 2.9 | ' | ' |
Future minimum lease payments required, net | 237 | ' | ' |
Rent expense | $50.20 | $56.10 | $53 |
Commitments_and_Contingencies_2
Commitments and Contingencies - Additional Information (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Total non cancellable purchase commitments | $65.30 | ' | ' |
Total non-cancellable purchase commitments, term | 'for periods through fiscal 2017 | ' | ' |
Royalty expense recorded under cost of license and other revenue | $18 | $16.40 | $16.50 |
Stockholders_Equity_Details
Stockholders' Equity (Details) (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Stockholders Equity Note [Line Items] | ' | ' | ' |
Preferred stock, shares authorized | 2 | 2 | ' |
Common Stock Repurchase Program | ' | ' | ' |
Stockholders Equity Note [Line Items] | ' | ' | ' |
Repurchase and retirement of common shares (in shares) | 10.5 | 12.5 | 9.7 |
Repurchased shares of its common stock on the open market, average repurchase price per share | $40.43 | $34.50 | $33.71 |
Common Stock shares remained available for repurchase under repurchase plans | 21.8 | ' | ' |
Interest_And_Other_Income_net_1
Interest And Other Income, net (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |||
Interest and Other Income, net [Abstract] | ' | ' | ' | |||
Interest and investment (expense) income, net | ($9.80) | [1] | $4.90 | [1] | $5.40 | [1] |
Gain (loss) on foreign currency | 4 | 1.2 | -1.1 | |||
(Loss) gain on strategic investments | -1.8 | [1] | -4 | [1] | 0.3 | [1] |
Other income | 2.7 | 2 | 2.7 | |||
Interest and other (expense) income, net | ($4.90) | $4.10 | $7.30 | |||
[1] | For comparability, the presentation of the balances at January 31, 2012 was adjusted to align to current year presentation. |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive (Loss) Income (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |||
Disclosure - Accumulated Other Comprehensive Income (Loss), Net of Taxes [Abstract] | ' | ' | ' | |||
Net gain on derivative instruments | $3.50 | $2.80 | $9.20 | |||
Net unrealized gain on available-for-sale securities | 1.8 | [1] | 2.9 | [1] | 1.4 | [1] |
Defined benefit pension items | -7.7 | [1] | -13.1 | [1] | -7.8 | [1] |
Foreign currency translation adjustments | 1.8 | [1] | 1.7 | [1] | 3.1 | [1] |
Accumulated other comprehensive (loss) | -0.6 | -5.7 | 5.9 | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | $12.90 | ' | ' | |||
[1] | For comparability, the presentation of the balances at January 31, 2013 and January 31, 2012 were adjusted to align with current year presentation. |
Net_Income_Per_Share_Computati
Net Income Per Share - Computation of Net Income Per Share Amounts (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jul. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $53.90 | $57.60 | $61.70 | $55.60 | $74.50 | $29.40 | $64.60 | $78.90 | $228.80 | $247.40 | $285.30 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Denominator for basic net income per share—weighted average shares | ' | ' | ' | ' | ' | ' | ' | ' | 224 | 226.4 | 227.7 |
Effect of dilutive securities | ' | ' | ' | ' | ' | ' | ' | ' | 5.6 | 5.3 | 5.6 |
Denominator for dilutive net income per share | ' | ' | ' | ' | ' | ' | ' | ' | 229.6 | 231.7 | 233.3 |
Basic net income per share | $0.24 | $0.26 | $0.28 | $0.25 | $0.33 | $0.13 | $0.28 | $0.35 | $1.02 | $1.09 | $1.25 |
Diluted net income per share | $0.23 | $0.25 | $0.27 | $0.24 | $0.32 | $0.13 | $0.28 | $0.34 | $1 | $1.07 | $1.22 |
Net_Income_Per_Share_Additiona
Net Income Per Share - Additional Information (Detail) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Earnings Per Share [Abstract] | ' | ' | ' |
Potentially dilutive shares excluded from the computation of diluted net income per share | 5.4 | 9.6 | 12.9 |
Segments_Concerning_the_Operat
Segments - Concerning the Operations Of Reportable Segments (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jul. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net revenue | $586.60 | $555.20 | $561.70 | $570.40 | $606.90 | $548 | $568.70 | $588.60 | $2,273.90 | $2,312.20 | $2,215.60 | |||
Gross profit | 514.7 | 488.1 | 493.9 | 502.9 | 544.9 | 490.1 | 508.9 | 529.8 | 1,999.60 | 2,073.70 | 1,986.50 | |||
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 128.9 | 127.8 | 115.5 | |||
Platform Solutions and Emerging Business | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 789.2 | [1] | 843 | [1] | 833.1 | [1] |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 716.8 | [1] | 788.8 | [1] | 788 | [1] |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 5.5 | 1.8 | 1.8 | |||
Architecture, Engineering and Construction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 730.6 | [1] | 701.1 | [1] | 626.4 | [1] |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 663.8 | [1] | 642 | [1] | 569.7 | [1] |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0.2 | 0.2 | 0.7 | |||
Manufacturing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 579.4 | 573.8 | 540.3 | |||
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 531.5 | 531.3 | 496.1 | |||
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0.9 | 0.5 | 1.7 | |||
Media and Entertainment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 174.7 | [1] | 194.3 | [1] | 215.8 | [1] |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 137.8 | 156.5 | 174.6 | |||
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0.2 | 0.4 | 0.5 | |||
Unallocated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | -50.3 | [2] | -44.9 | [2] | -41.9 | [2] |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | $122.10 | $124.90 | $110.80 | |||
[1] | Prior period segment revenue amounts have been updated to conform with the current period's presentation. | |||||||||||||
[2] | Unallocated amounts primarily relate to corporate expenses and other costs and expenses that are managed outside the reportable segments, including stock-based compensation expense. |
Segments_Operations_by_geograp
Segments - Operations by geographic area (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jul. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | $586.60 | $555.20 | $561.70 | $570.40 | $606.90 | $548 | $568.70 | $588.60 | $2,273.90 | $2,312.20 | $2,215.60 | ||||
Total long-lived assets | 1,351.60 | [1] | ' | ' | ' | 1,222.10 | [1] | ' | ' | ' | 1,351.60 | [1] | 1,222.10 | [1] | ' |
Americas | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 818.9 | 836.2 | 798.5 | ||||
Total long-lived assets | 1,079 | [1] | ' | ' | ' | 1,003.60 | [1] | ' | ' | ' | 1,079 | [1] | 1,003.60 | [1] | ' |
Americas | U.S. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 672.3 | 672.1 | 631 | ||||
Total long-lived assets | 1,041.90 | [1] | ' | ' | ' | 964 | [1] | ' | ' | ' | 1,041.90 | [1] | 964 | [1] | ' |
Americas | Other Americas | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 146.6 | 164.1 | 167.5 | ||||
Total long-lived assets | 37.1 | [1] | ' | ' | ' | 39.6 | [1] | ' | ' | ' | 37.1 | [1] | 39.6 | [1] | ' |
Europe, Middle East and Africa | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 851.8 | 868.5 | 862.2 | ||||
Total long-lived assets | 228.6 | [1] | ' | ' | ' | 168.4 | [1] | ' | ' | ' | 228.6 | [1] | 168.4 | [1] | ' |
Asia Pacific | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 603.2 | 607.5 | 554.9 | ||||
Total long-lived assets | 44 | [1] | ' | ' | ' | 50.1 | [1] | ' | ' | ' | 44 | [1] | 50.1 | [1] | ' |
Asia Pacific | Japan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 274.5 | 278.3 | 240.5 | ||||
Asia Pacific | Other Asia Pacific | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | $328.70 | $329.20 | $314.40 | ||||
[1] | Long-lived assets exclude deferred tax assets and marketable securities. |
Retirement_Benefit_Plans_Detai
Retirement Benefit Plans (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Defined Contribution Plan - Savings | ' | ' | ' |
Pension and Other Postretirement Benefits Disclosure [Line Items] | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | $8.10 | $7.90 | $7.30 |
Foreign Pension Plans, Defined Benefit | ' | ' | ' |
Pension and Other Postretirement Benefits Disclosure [Line Items] | ' | ' | ' |
Net Liability related to the funded status of defined benefit pension plans | 21.5 | 24 | ' |
Defined Benefit pension Plans, projected benefit obligation | 62.2 | 61.5 | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 40.7 | 37.5 | ' |
Company's Contribution To Plan | 6 | 5.4 | 4.2 |
Defined benefit pension plans, estimated future benefit payments from fiscal 2013 through 2017 | 11.4 | ' | ' |
Defined benefit pension plans, estimated future benefit payments from fiscal 2018 through 2022 | 9.8 | ' | ' |
Unfunded Defined Benefit Plan | ' | ' | ' |
Pension and Other Postretirement Benefits Disclosure [Line Items] | ' | ' | ' |
Unrealized changes in the unfunded portion of defined benefit plans | 7.7 | 13.1 | ' |
Foreign Pension Plans Defined Contribution | ' | ' | ' |
Pension and Other Postretirement Benefits Disclosure [Line Items] | ' | ' | ' |
Company's Contribution To Plan | $22.30 | $21.50 | $20.40 |
Restructuring_Reserves_Restruc
Restructuring Reserves - Restructuring Activities (Details) (USD $) | 12 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||||||||||||||||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2012 | |||||||||
Fiscal 2014 Plan | Fiscal 2013 Plan | Fiscal 2013 Plan | One-time Termination Benefits | One-time Termination Benefits | Employee Severance | Employee Severance | Employee Severance | Lease Termination | Lease Termination | Lease Termination | Facility Closing | Facility Closing | ||||||||||||
Fiscal 2014 Plan | Fiscal 2013 Plan | Fiscal 2014 Plan | Fiscal 2013 Plan | Fiscal 2013 Plan | Fiscal 2014 Plan | Fiscal 2013 Plan | Fiscal 2013 Plan | Fiscal 2014 Plan | Fiscal 2013 Plan | |||||||||||||||
Position | Position | Facility | Facility | |||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Number of facilities consolidated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 8 | |||||||||
Additions | $12.80 | $44.30 | $15 | ' | ' | ' | ' | $9.40 | $0.80 | $41 | $1.10 | $1.50 | $3.30 | ' | ' | |||||||||
Number of positions eliminated | ' | ' | ' | ' | ' | 85 | 500 | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Restructuring and related costs incurred to date | ' | ' | ' | 46.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Beginning Balance | 7.3 | 0 | ' | ' | 0 | ' | ' | 0 | 4.5 | 0 | 0 | 2.8 | 0 | ' | ' | |||||||||
Additions | 12.8 | 44.3 | 15 | ' | ' | ' | ' | 9.4 | 0.8 | 41 | 1.1 | 1.5 | 3.3 | ' | ' | |||||||||
Payments | -14.9 | -36.6 | ' | ' | ' | ' | ' | -5.7 | -5 | -36.1 | 0 | -4.2 | -0.5 | ' | ' | |||||||||
Adjustments | -0.1 | [1] | -0.4 | [1] | ' | ' | ' | ' | ' | -0.2 | [1] | -0.2 | [1] | -0.4 | [1] | 0.2 | [1] | 0.1 | [1] | 0 | [1] | ' | ' | |
Ending Balance | 5.1 | 7.3 | ' | ' | 0 | ' | ' | 3.5 | 0.1 | 4.5 | 1.3 | 0.2 | 2.8 | ' | ' | |||||||||
Current portion | 4 | [2] | 5.8 | [2] | ' | ' | 0 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Non-current portion | 1.1 | [2] | 1.5 | [2] | ' | ' | 0 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Total | $5.10 | $7.30 | ' | ' | $0 | ' | ' | $3.50 | $0.10 | $4.50 | $1.30 | $0.20 | $2.80 | ' | ' | |||||||||
[1] | Adjustments include the impact of foreign currency translation. | |||||||||||||||||||||||
[2] | The current and non-current portions of the reserve are recorded in the Consolidated Balance Sheets under “Other accrued liabilities†and “Other liabilities,†respectively |
Selected_Quarterly_Financial_I2
Selected Quarterly Financial Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2013 | Oct. 31, 2012 | Jul. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenue | $586.60 | $555.20 | $561.70 | $570.40 | $606.90 | $548 | $568.70 | $588.60 | $2,273.90 | $2,312.20 | $2,215.60 |
Gross profit | 514.7 | 488.1 | 493.9 | 502.9 | 544.9 | 490.1 | 508.9 | 529.8 | 1,999.60 | 2,073.70 | 1,986.50 |
Income from operations | 51.7 | 68.1 | 83.6 | 81.4 | 84.6 | 34.4 | 92.9 | 94 | 284.8 | 305.9 | 355.6 |
Provision for income taxes | -2.4 | -11.6 | -20.1 | -17 | -11.6 | -4.9 | -27.5 | -18.6 | -51.1 | -62.6 | -77.6 |
Net income | 53.9 | 57.6 | 61.7 | 55.6 | 74.5 | 29.4 | 64.6 | 78.9 | 228.8 | 247.4 | 285.3 |
Basic net income per share | $0.24 | $0.26 | $0.28 | $0.25 | $0.33 | $0.13 | $0.28 | $0.35 | $1.02 | $1.09 | $1.25 |
Diluted net income per share | $0.23 | $0.25 | $0.27 | $0.24 | $0.32 | $0.13 | $0.28 | $0.34 | $1 | $1.07 | $1.22 |
Income from operations includes following items [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation expense | 36.1 | 31.6 | 31 | 33.5 | 37.5 | 51.9 | 33.5 | 33.4 | 132.2 | 156.3 | 108.8 |
Amortization of acquisition related intangibles | 20.6 | 18.2 | 20.3 | 21.6 | 23 | 23.7 | 17.5 | 17.6 | 80.7 | 81.8 | ' |
Additions | $6.30 | $4.40 | $1.70 | $0.40 | $7.20 | $36.70 | $0 | $0 | $12.80 | $43.90 | ($1.30) |
Subsequent_Events_Details
Subsequent Events (Details) (Subsequent Event) | 0 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Feb. 06, 2014 | Feb. 06, 2014 |
USD ($) | GBP (£) | |
Subsequent Event [Line Items] | ' | ' |
Business acquisition, share price (in dollars per share) | ' | £ 20.75 |
Business Combination, Consideration Transferred | $284.60 | £ 174.6 |
SCHEDULE_II_Details
SCHEDULE II (Details) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |||
Allowance for doubtful accounts | ' | ' | ' | |||
Balance at the Beginning of Year | $5.60 | $5.50 | $4.20 | |||
Valuation Allowances and Reserves, Charged to Cost and Expense | 1.3 | 1.5 | 2.4 | |||
Deductions and Write-Offs | 2 | 1.4 | 1.1 | |||
Balance at End of Year | 4.9 | 5.6 | 5.5 | |||
Product returns reserves | ' | ' | ' | |||
Balance at the Beginning of Year | 4.9 | 5.8 | 10.6 | |||
Valuation Allowances and Reserves, Charged to Cost and Expense | 23.1 | 25.8 | 32.7 | |||
Deductions and Write-Offs | 24 | 26.7 | 37.5 | |||
Balance at End of Year | 4 | 4.9 | 5.8 | |||
Partner Program reserves | ' | ' | ' | |||
Balance at the Beginning of Year | 48.3 | [1] | 36.5 | [1] | 37.9 | [1] |
Valuation Allowances and Reserves, Charged to Cost and Expense | 278.6 | [1] | 286.9 | [1] | 214 | [1] |
Deductions and Write-Offs | 288.5 | [1] | 275.1 | [1] | 215.4 | [1] |
Balance at End of Year | 38.4 | [1] | 48.3 | [1] | 36.5 | [1] |
Restructuring | ' | ' | ' | |||
Balance at the Beginning of Year | 8.9 | 2.4 | 8.6 | |||
Valuation Allowances and Reserves, Charged to Cost and Expense | 12.8 | 45.1 | 0 | |||
Deductions and Write-Offs | 16.1 | 38.6 | 6.2 | |||
Balance at End of Year | $5.60 | $8.90 | $2.40 | |||
[1] | The partner program reserves balance impacts "Accounts receivable, net" or "Accounts payable" on the accompanying Consolidated Balance Sheets. |