Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 52

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 52
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,164,977 $13,079,912 Intangible assets as of October 31, 2024 consist of the following:Gross Carrying AmountAccumulatedAmortizationand ImpairmentNet Carrying Amount (in thousands)Core/developed technology$904,347 $777,518 $126,829 Customer relationships314,140 247,025 67,115 Contract rights intangible176,382 175,170 1,212 Trademarks and trade names12,925 12,917 8 Total$1,407,794 $1,212,630 $195,164 

17

Amortization expense related to intangible assets consists of the following: Three Months Ended  July 31,Nine Months Ended  July 31, 2025202420252024 (in thousands)Core/developed technology$37,357 $13,447 $52,883 $38,373 Customer relationships26,907 4,058 34,895 11,467 Contract rights intangible9,011 1,063 9,741 3,465 Trademarks and trade names1,666 4 1,674 12 Total$74,941 $18,572 $99,193 $53,317 The following table presents the estimated future amortization of acquired intangible assets as of July 31, 2025:Fiscal year(in thousands)Remainder of fiscal 2025$405,134 20261,613,162 20271,544,552 20281,383,210 20291,380,773 2030 and thereafter6,753,081 Total$13,079,912 

Note 7. Balance Sheet Components

As ofJuly 31, 2025October 31, 2024(in thousands)Other long-term assets:Deferred compensation plan assets$426,862 $386,757 Contract assets, net355,802 — Capitalized commission, net66,572 72,801 Other269,640 124,142 Total$1,118,876 $583,700 Accounts payable and accrued liabilities:Payroll and related benefits$733,539 $624,823 Accrued income taxes17,063 147,115 Other accrued liabilities198,554