Equity Compensation (Tables)

9 Months Ended

Oct. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Summary of Restricted Stock Activity

A summary of restricted stock activity for the nine months ended October 31, 2021, is as follows:

	Unvested restricted stock units	Weighted average grant date fair value per share
	(in thousands)
Unvested restricted stock units at January 31, 2021	4,503.9	$	191.91
Granted	1,895.0	290.63
Vested	(1,847.8)	177.88
Canceled/Forfeited	(430.3)	221.52
Performance Adjustment (1)	(7.9)	137.02
Unvested restricted stock units at October 31, 2021	4,112.9	$	243.72

 _______________

(1)Based on Autodesk's financial results and relative total stockholder return for the fiscal 2021 performance period. The performance stock units were attained at rates ranging from 103.0% to 108.0% of the target award.

Schedule of Summary of the ESPP Activity

A summary of the ESPP activity for the three and nine months ended October 31, 2021 and 2020, is as follows:

	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
Issued shares (in millions)	0.4		0.4		0.9		0.9
Average price of issued shares	$	133.00	$	122.93	$	130.13	$	122.73
Weighted average grant date fair value of shares granted under the ESPP (1)	$	83.75	$	78.26	$	84.21	$	55.98

 _______________

(1)Calculated as of the award grant date using the Black-Scholes Merton (“BSM”) option pricing model.

Schedule of Stock-based Compensation Expense

The following table summarizes stock-based compensation expense for the three and nine months ended October 31, 2021 and 2020, respectively, as follows:

	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
Cost of subscription and maintenance revenue	$	5.5	$	4.5	$	18.3	$	12.3
Cost of other revenue	2.3		1.6		6.5		4.7
Marketing and sales	60.0		45.4		172.8		129.5
Research and development	56.6		35.4		163.4		103.6
General and administrative	19.3		10.5		51.7		41.4
Stock-based compensation expense related to stock awards and ESPP purchases	143.7		97.4		412.7		291.5
Tax benefit	(26.3)		(2.0)		(46.4)		(2.3)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	117.4	$	95.4	$	366.3	$	289.2

Schedule of Assumptions to Estimate the Fair Value of Stock-based Awards

Autodesk uses the following assumptions to estimate the fair value of stock-based awards:

	Three Months Ended October 31, 2021		Three Months Ended October 31, 2020
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatility	N/A	29.5 - 36.6%	N/A	41.5 - 45.0%
Range of expected lives (in years)	N/A	0.5- 2.0	N/A	0.5 - 2.0
Expected dividends	N/A	—%	N/A	—%
Range of risk-free interest rates	N/A	0.1- 0.2%	N/A	0.1%
	Nine Months Ended October 31, 2021		Nine Months Ended October 31, 2020
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatilities	36.9%	29.5 - 41.8%	50.7%	39.4 - 45.8%
Range of expected lives (in years)	N/A	0.5 - 2.0	N/A	0.5 - 2.0
Expected dividends	—%	—%	—%	—%
Range of risk-free interest rates	0.1%	0.1 - 0.2%	0.3%	0.1 - 0.5%