Electronic Arts 2001 Annual Report Download - page 55

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ELECTRONIC ARTS
53
The following summarizes the activity under the Company’s Class B stock option plan during the fiscal year ended
March 31, 2001:
Options Outstanding
Weighted-Average
Shares Exercise Price
Balance at March 31, 2000 –$ –
Granted 5,785,792 9.62
Canceled (429,310) 9.28
Exercised (250,000) 9.00
Balance at March 31, 2001 5,106,482 $ 9.68
Options available for grant at March 31, 2001 1,392,718
(12) PROPERTY AND EQUIPMENT
Property and equipment at March 31, 2001 and 2000 consisted of:
(In thousands)
2001 2000
Computer equipment and software $ 310,147 $ 213,815
Buildings 94,784 99,819
Land 44,721 51,686
Office equipment, furniture and fixtures 32,569 25,210
Leasehold improvements 13,483 12,157
Warehouse equipment and other 4,319 3,914
500,023 406,601
Less accumulated depreciation and amortization (162,824) (121,135)
$ 337,199 $ 285,466
Depreciation and amortization expenses associated with property and equipment amounted to $50,345,000,
$34,736,000 and $34,581,000, for the fiscal years ended March 31, 2001, 2000 and 1999, respectively.
(13) ACCRUED AND OTHER LIABILITIES
Accrued and other liabilities at March 31, 2001 and 2000 consisted of:
(In thousands)
2001 2000
Accrued compensation and benefits $ 75,603 $ 59,580
Accrued expenses 67,957 37,840
Accrued royalties 55,997 36,566
Accrued income taxes 42,371 22,682
Deferred revenue 16,967 1,847
Warranty reserve 8,070 8,886
Deferred income taxes –198
$ 266,965 $ 167,599