|
Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
|
Oct. 31, 2012
|
| Changes in Allowance for Doubtful Accounts |
The following table
presents the changes in the allowance for doubtful
accounts.
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Fiscal
Year
|
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Balance at
Beginning
of Period |
|
|
Provisions |
|
|
Write-offs(1) |
|
|
Balance at
End of
Period |
|
| |
|
(in thousands) |
|
|
2012
|
|
$ |
2,489 |
|
|
$ |
3,754 |
|
|
$ |
(171 |
) |
|
$ |
6,072 |
|
|
2011
|
|
$ |
2,727 |
|
|
$ |
1,058 |
|
|
$ |
(1,296 |
) |
|
$ |
2,489 |
|
|
2010
|
|
$ |
3,587 |
|
|
$ |
(899 |
) |
|
$ |
39 |
|
|
$ |
2,727 |
|
| (1) |
Balances written off, net of recoveries. |
|
| Property and Equipment |
A detail of property and
equipment is as follows:
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October 31, |
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| |
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2012 |
|
|
2011 |
|
| |
|
(in thousands) |
|
|
Computer and other
equipment
|
|
$ |
329,376 |
|
|
$ |
283,893 |
|
|
Buildings
|
|
|
70,237 |
|
|
|
53,926 |
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Furniture and fixtures
|
|
|
29,212 |
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|
28,759 |
|
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Land
|
|
|
20,414 |
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|
|
20,414 |
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Leasehold improvements
|
|
|
92,111 |
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|
|
85,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
541,350 |
|
|
|
472,976 |
|
|
Less accumulated depreciation and
amortization(1)
|
|
|
(350,107 |
) |
|
|
(313,459 |
) |
|
|
|
|
|
|
|
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Total
|
|
$ |
191,243 |
|
|
$ |
159,517 |
|
|
|
|
|
|
|
|
|
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| (1) |
Accumulated depreciation and amortization includes
write-off’s due to retirement of fully amortized fixed
assets. |
|
| Useful Lives of Depreciable Assets |
The useful lives of
depreciable assets are as follows:
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| |
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Useful Life in Years |
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|
Computer and other
equipment
|
|
|
3-5 |
|
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Buildings
|
|
|
30 |
|
|
Furniture and fixtures
|
|
|
5 |
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Leasehold improvements
(average)
|
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|
5 |
|
|
| Accounts Payable and Accrued Liabilities |
Accounts Payable and
Accrued Liabilities. Accounts payable and accrued liabilities
consist of:
|
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October 31, |
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| |
|
2012 |
|
|
2011 |
|
| |
|
(in thousands) |
|
|
Payroll and related
benefits
|
|
$ |
299,961 |
|
|
$ |
238,691 |
|
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Other accrued liabilities
|
|
|
53,277 |
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|
56,529 |
|
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Accounts payable
|
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|
29,855 |
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6,956 |
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Total
|
|
$ |
383,093 |
|
|
$ |
302,176 |
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| Other Long-Term Liabilities |
Other Long-term
Liabilities. Other long-term liabilities consist of:
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October 31, |
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| |
|
2012 |
|
|
2011 |
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| |
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(in thousands) |
|
|
Deferred compensation liability (See
note 9)
|
|
$ |
100,645 |
|
|
$ |
90,060 |
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Other long-term
liabilities
|
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|
25,572 |
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18,016 |
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Total
|
|
$ |
126,217 |
|
|
$ |
108,076 |
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| Accumulated Other Comprehensive Income (Loss), Net of Tax |
Accumulated other
comprehensive income (loss), net of tax, consists of the
following:
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October 31, |
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| |
|
2012 |
|
|
2011 |
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|
(in thousands) |
|
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Unrealized gain on
investments
|
|
$ |
— |
|
|
$ |
215 |
|
|
Deferred gain (loss) on cash flow
hedges
|
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|
(1,338 |
) |
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|
(12,842 |
) |
|
Foreign currency translation
adjustments
|
|
|
(14,123 |
) |
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|
(8,318 |
) |
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|
|
|
|
|
|
|
|
|
$ |
(15,461 |
) |
|
$ |
(20,945 |
) |
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| Reconciliation of Weighted Average Common Shares Used to Calculate Basic Net Income Per Share |
The table below
reconciles the weighted average common shares used to calculate
basic net income per share with the weighted average common shares
used to calculate diluted net income per share.
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Year Ended October 31, |
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2012 |
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2011 |
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2010 |
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(in thousands) |
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Numerator:
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|
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Net income
|
|
$ |
182,402 |
|
|
$ |
221,364 |
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|
$ |
237,063 |
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Denominator:
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Weighted average common shares for
basic net income per share
|
|
|
146,887 |
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|
|
146,573 |
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|
148,013 |
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Dilutive effect of common share
equivalents from equity—based compensation
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|
3,393 |
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|
3,794 |
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|
3,898 |
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Weighted average common shares for
diluted net income per share
|
|
|
150,280 |
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|
150,367 |
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|
151,911 |
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Net income per share:
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Basic
|
|
$ |
1.24 |
|
|
$ |
1.51 |
|
|
$ |
1.60 |
|
|
Diluted
|
|
$ |
1.21 |
|
|
$ |
1.47 |
|
|
$ |
1.56 |
|
|
Anti-dilutive employee stock-based
awards
excluded(1)
|
|
|
3,314 |
|
|
|
4,669 |
|
|
|
10,999 |
|
| (1) |
These stock options and unvested restricted stock units
were anti-dilutive for the respective periods and are excluded in
calculating diluted net income per share. While such awards were
anti-dilutive for the respective periods, they could be dilutive in
the future. |
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