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Equity Compensation (Tables) | 6 Months Ended
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Jul. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Summary of Restricted Stock Activity | A summary of restricted stock activity for the six months ended July 31, 2023, is as follows:
| Unvested restricted stock units |  | Weighted average grant date fair value per share
| (in thousands) |  |
Unvested restricted stock units at January 31, 2023 | 4,848 |  |  | $ | 216.20 |
Granted | 3,394 |  |  | 199.00 |
Vested | (1,858) |  |  | 213.16 |
Canceled/Forfeited | (173) |  |  | 217.00 |
Performance Adjustment (1) | (10) |  |  | 190.48 |
Unvested restricted stock units at July 31, 2023 | 6,201 |  |  | $ | 207.70 |
_______________(1)Based on Autodesk's financial results and relative total stockholder return for the fiscal 2023 performance period. The performance stock units were attained at rates ranging from 86% to 110% of the target award.
Schedule of Summary of the ESPP Activity | A summary of the ESPP activity for the six months ended July 31, 2023 and 2022, is as follows:
| Six Months Ended July 31, |  |
| 2023 |  | 2022 |  |  |  |
Issued shares (in thousands) | 434 |  |  | 377 |  |  |  |  |
Average price of issued shares | $ | 163.59 |  |  | $ | 173.83 |  |  |  |  |
Weighted average grant date fair value of shares granted under the ESPP (1) | $ | 71.34 |  |  | $ | 69.19 |  |  |  |  |
_______________ (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 six months ended July 31, 2023 and 2022, as follows:
| Three Months Ended July 31, |  | Six Months Ended July 31, |  |
| 2023 | 2022 |  | 2023 | 2022 |  |  |  |
Cost of subscription and maintenance revenue | $ | 10 |  | $ | 9 |  |  | $ | 19 |  | $ | 17 |  |  |  |  |
Cost of other revenue | 4 |  | 3 |  |  | 7 |  | 6 |  |  |  |  |
Marketing and sales | 74 |  | 69 |  |  | 136 |  | 131 |  |  |  |  |
Research and development | 86 |  | 69 |  |  | 155 |  | 128 |  |  |  |  |
General and administrative | 23 |  | 19 |  |  | 45 |  | 42 |  |  |  |  |
Stock-based compensation expense related to stock awards and ESPP purchases | 197 |  | 169 |  |  | 362 |  | 324 |  |  |  |  |
Tax expense | 2 |  | 3 |  |  | 3 |  | 9 |  |  |  |  |
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax | $ | 199 |  | $ | 172 |  |  | $ | 365 |  | $ | 333 |  |  |  |  |
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:
| Six Months Ended July 31, 2023 |  | Six Months Ended July 31, 2022
| Performance Stock Units (1) |  | ESPP (1) |  | Performance Stock Units (2) |  | ESPP (2)
Range of expected volatility | 40.9 - 42.5% |  | 40.0 - 42.4% |  | 39.4 - 40.7% |  | 38.3 - 42.7%
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 | 4.3 - 4.7% |  | 4.3 -5.0% |  | 1.2 - 1.6% |  | 0.9 - 1.9%
(1)There were no ESPP awards or performance stock units granted during the three months ended July 31, 2023. (2)There were no ESPP awards granted during the three months ended July 31, 2022. There were no performance stock units granted during the three months ended July 31, 2022, where the fair value was estimated by a Monte Carlo simulation.

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