Mentor Graphics Reports Fiscal First Quarter Results and Announces Quarterly Dividend
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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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April 30,
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January 31,
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2015
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2015
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Assets
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Current assets:
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Cash and cash equivalents
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$
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249,773
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$
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230,281
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Trade accounts receivable, net
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90,050
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208,996
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Term receivables, short-term
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347,880
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337,626
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Prepaid expenses and other
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75,051
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65,853
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Deferred income taxes
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22,860
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23,490
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Total current assets
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785,614
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866,246
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Property, plant, and equipment, net
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167,088
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170,737
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Term receivables, long-term
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282,343
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301,862
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Goodwill and intangible assets, net
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650,902
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645,506
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Other assets
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64,456
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64,671
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Total assets
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$
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1,950,403
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$
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2,049,022
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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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2,065
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$
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7,228
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Accounts payable
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9,645
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12,687
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Income taxes payable
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223
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5,994
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Accrued payroll and related liabilities
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53,596
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108,553
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Accrued and other liabilities
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46,804
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47,728
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Deferred revenue
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233,475
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259,340
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Total current liabilities
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345,808
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441,530
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Long-term notes payable
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235,604
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230,400
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Deferred revenue, long-term
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19,117
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21,251
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Other long-term liabilities
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66,828
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69,615
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Total liabilities
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667,357
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762,796
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Noncontrolling interest with redemption feature
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12,535
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13,372
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Stockholders' equity:
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Common stock
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845,764
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832,612
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Retained earnings
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435,902
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451,901
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Accumulated other comprehensive income (loss)
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(11,383
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(11,887
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Noncontrolling interest
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228
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228
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Total stockholders' equity
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1,270,511
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1,272,854
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Total liabilities and stockholders' equity
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$
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1,950,403
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$
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2,049,022
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