| Impact of Accounting Change on the Unaudited Consolidated Statement of Operations: | ||||||||||||||||||||||||||
| Three months ended July 31, 2008 | Six months ended July 31, 2008 | |||||||||||||||||||||||||
|
As Originally
|
Impact of
|
As Adjusted |
As Originally
|
Impact of
|
As Adjusted | |||||||||||||||||||||
| Operating loss | (29,907 | ) | - | (29,907 | ) | (60,572 | ) | - | (60,572 | ) | ||||||||||||||||
| Other income, net | 717 | - | 717 | 3,092 | - | 3,092 | ||||||||||||||||||||
| Interest expense | (3,798 | ) | (606 | ) | (4,404 | ) | (7,960 | ) | (1,199 | ) | (9,159 | ) | ||||||||||||||
| Loss before income tax | (32,988 | ) | (606 | ) | (33,594 | ) | (65,440 | ) | (1,199 | ) | (66,639 | ) | ||||||||||||||
| Income tax benefit | (15,796 | ) | - | (15,796 | ) | (23,345 | ) | - | (23,345 | ) | ||||||||||||||||
| Net loss | $ | (17,192 | ) | $ | (606 | ) | $ | (17,798 | ) | $ | (42,095 | ) | $ | (1,199 | ) | $ | (43,294 | ) | ||||||||
| Basic and diluted net loss per share | $ | (0.19 | ) | $ |
- |
$ | (0.19 | ) | $ | (0.46 | ) | $ | (0.02 | ) | $ | (0.48 | ) | |||||||||
| Impact of Accounting Change on the Unaudited Consolidated Balance Sheet: | ||||||||||||||||||||||||||
| As of January 31, 2009 |
As Originally
|
Impact of
|
As Adjusted |
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| Assets | ||||||||||||||||||||||||||
| Current assets: | ||||||||||||||||||||||||||
| Cash, cash equivalents and short-term investments | $ | 95,639 | $ | - | $ | 95,639 | ||||||||||||||||||||
| Trade accounts receivable, net | 133,719 | - | 133,719 | |||||||||||||||||||||||
| Term receivables, short-term | 139,133 | - | 139,133 | |||||||||||||||||||||||
| Prepaid expenses and other | 39,236 | (90 | ) | 39,146 | ||||||||||||||||||||||
| Deferred income taxes | 10,163 | - | 10,163 | |||||||||||||||||||||||
| Total current assets | 417,890 | (90 | ) | 417,800 | ||||||||||||||||||||||
| Property, plant, and equipment | 100,991 | - | 100,991 | |||||||||||||||||||||||
| Term receivables, long-term | 146,682 | - | 146,682 | |||||||||||||||||||||||
| Goodwill and intangible assets, net | 480,956 | - | 480,956 | |||||||||||||||||||||||
| Other assets | 39,918 | (277 | ) | 39,641 | ||||||||||||||||||||||
| Total assets | $ | 1,186,437 | $ | (367 | ) | $ | 1,186,070 | |||||||||||||||||||
| Liabilities and Stockholder's Equity | ||||||||||||||||||||||||||
| Total current liabilities | $ | 319,354 | $ | - | $ | 319,354 | ||||||||||||||||||||
| Long-term notes payable | 201,102 | (12,932 | ) | 188,170 | ||||||||||||||||||||||
| Deferred revenue, long-term | 16,890 | - | 16,890 | |||||||||||||||||||||||
| Other long-term liabilities | 75,211 | - | 75,211 | |||||||||||||||||||||||
| Total liabilities | 612,557 | (12,932 | ) | 599,625 | ||||||||||||||||||||||
| Stockholders' equity: | ||||||||||||||||||||||||||
| Common stock | 580,298 | 21,766 | 602,064 | |||||||||||||||||||||||
| Accumulated deficit | (17,652 | ) | (9,201 | ) | (26,853 | ) | ||||||||||||||||||||
| Accumulated other comprehensive income | 11,234 | - | 11,234 | |||||||||||||||||||||||
| Total stockholders' equity | 573,880 | 12,565 | 586,445 | |||||||||||||||||||||||
| Total liabilities and stockholders' equity | $ | 1,186,437 | $ | (367 | ) | $ | 1,186,070 | |||||||||||||||||||
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Mentor Graphics Reports Fiscal Second Quarter Results
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