Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 145

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 8
Chunk 145
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Operating expenses— 89,626 — 170,891 Other income (expense), net— 340 — 996 Income (loss) from discontinued operations— (8,614)— (964)Loss on Software Integrity Divestiture(8,299)— (8,299)— Income (loss) from discontinued operations before income taxes(8,299)(8,614)(8,299)(964)Income tax benefits4,399 1,610 4,399 5,622 Income (loss) from discontinued operations, net of income taxes$(3,900)$(7,004)$(3,900)$4,658 The following table presents significant non-cash items and capital expenditures of discontinued operations for the period presented:Six Months Ended  April 30,20252024(in thousands)Amortization and depreciation$— $16,317 Reduction of operating lease right-of-use assets$— $2,588 Amortization of capitalized costs to obtain revenue contracts $— $14,260 Stock-based compensation$— $30,291 Deferred income taxes$(6,933)$13,562 Purchases of property and equipment$— $929 

Note 4. Pending Acquisition of Ansys

On January 15, 2024, we entered into an Agreement and Plan of Merger (the Merger Agreement) to acquire all of the outstanding shares of Ansys, a provider of broad engineering simulation and analysis software and services, in a cash-and-stock transaction (the Ansys Merger) that values Ansys at approximately $35.0 billion, based on the closing price of Synopsys common stock on December 21, 2023. Under the terms of the Merger Agreement, at the effective time of the Ansys Merger (the Effective Time), each share of Ansys common stock issued and outstanding immediately prior to the Effective Time (with certain exceptions set forth in the Merger Agreement) will be converted into the right to receive 0.3450 (the Exchange Ratio) of a share of Synopsys common stock and $197.00 in cash, without interest. The Merger Agreement also provides for Synopsys’ assumption of certain outstanding Ansys options and other unvested Ansys equity awards held by continuing Ansys employees. If the stock consideration to be issued by Synopsys in connection with the Ansys Merger exceeds 19.999