XML 30 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Restructuring and other exit costs, net
 9 Months Ended
Oct. 31, 2018
Restructuring and Related Activities [Abstract]  
Restructuring and other exit costs, net Restructuring and other exit costs, net     

During the fourth quarter of fiscal 2018, the Board of Directors approved a world-wide restructuring plan (“Fiscal 2018 Plan”) to support the Company's strategic priorities of completing the subscription transition, digitizing the Company, and re-imagining manufacturing, construction, and production. Through the restructuring, Autodesk seeks to reduce its investments in areas not aligned with its strategic priorities, including in areas related to research and development and go-to-market activities. At the same time, Autodesk plans to further invest in strategic priority areas related to digital infrastructure, customer success, and construction. By re-balancing resources to better align with the Company’s strategic priorities, Autodesk is positioning itself to meet its long-term goals. This world-wide restructuring plan includes a reduction in force that will result in the termination of approximately 13% of the Company’s workforce, or approximately 1,150 employees, and the consolidation of certain leased facilities. The Company expects to substantially complete the reduction in force and the facilities consolidation by the end of fiscal 2019.

The following table sets forth the restructuring charges and other lease termination exit costs during the nine months ended October 31, 2018:

 
Balances, January 31, 2018
 
Additions
 
Payments
 
Adjustments (1)
 
Balances, October 31, 2018
Fiscal 2018 Plan
 
 
 
 
 
 
 
 
 
Employee termination costs
$
53.0

 
$
37.4

 
$
(83.6
)
 
$
(0.2
)
 
$
6.6

Lease termination and other exit costs
2.5

 
3.1

 
(5.5
)
 
0.1

 
0.2

Total
$
55.5

 
$
40.5

 
$
(89.1
)
 
$
(0.1
)
 
$
6.8

Current portion (2)
$
55.5

 
 
 
 
 
 
 
$
6.8

Total
$
55.5

 
 
 
 
 
 
 
$
6.8

____________________
(1)
Adjustments primarily relate to the impact of foreign exchange rate changes, settlement of lease contracts, and certain write offs related to fixed assets.
(2)
The current portion of the reserve are recorded in the unaudited Condensed Consolidated Balance Sheets under “Other accrued liabilities." There was no non-current portion as of October 31, 2018.