Mentor Graphics Reports Fiscal Fourth Quarter Results and Announces Board Has Increased Share Buyback Authorization
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MENTOR GRAPHICS CORPORATION
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UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS
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(In thousands)
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January 31,
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January 31,
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2012
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2011
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Assets
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Current assets:
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Cash, cash equivalents, and short-term investments
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$
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146,499
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$
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133,113
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Restricted cash
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4,237
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-
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Trade accounts receivable, net
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133,494
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153,733
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Term receivables, short-term
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197,192
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193,342
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Prepaid expenses and other
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43,972
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37,124
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Deferred income taxes
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17,803
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15,992
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Total current assets
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543,197
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533,304
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Property, plant, and equipment, net
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148,019
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139,340
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Term receivables, long-term
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244,593
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167,425
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Goodwill and intangible assets, net
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555,671
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541,697
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Other assets
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53,850
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46,212
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Total assets
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$
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1,545,330
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$
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1,427,978
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Liabilities and Stockholders' Equity
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Current liabilities:
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Short-term borrowings
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$
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14,617
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$
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15,544
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Current portion of notes payable
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1,349
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2,000
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Accounts payable
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17,261
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16,724
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Income taxes payable
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2,538
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5,517
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Accrued payroll and related liabilities
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112,349
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109,173
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Accrued liabilities
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34,284
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39,513
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Deferred revenue
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191,540
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171,416
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Total current liabilities
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373,938
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359,887
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Long-term notes payable
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213,224
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207,348
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Deferred revenue, long-term
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14,883
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13,953
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Other long-term liabilities
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67,945
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70,076
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Total liabilities
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669,990
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651,264
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Noncontrolling interest with redemption feature
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9,266
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-
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Stockholders' equity:
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Common stock
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775,362
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765,179
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Retained earnings (accumulated deficit)
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62,032
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(20,158
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Accumulated other comprehensive income
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28,680
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31,693
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Total stockholders' equity
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866,074
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776,714
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Total liabilities and stockholders' equity
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$
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1,545,330
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$
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1,427,978
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