Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 169

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 8
Chunk 169
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(in thousands)Total shares repurchased— — — 74 Total cost of the repurchased shares$— $— $— $45,000 Reissuance of treasury stock528 668 1,034 1,225 (1) Included the 73,903 shares and $45.0 million equity forward contract from the August 2023 Accelerated Share Repurchase (ASR) settled in November 2023.

26

Note 15. Stock-Based Compensation

The compensation cost recognized in the condensed consolidated statements of income for our stock compensation arrangements is as follows: Three Months Ended  April 30,Six Months Ended  April 30, 2025202420252024 (in thousands)Cost of products$23,050 $13,918 $43,527 $30,179 Cost of maintenance and service9,502 9,273 18,493 18,449 Research and development expense109,717 88,671 212,413 179,808 Sales and marketing expense36,700 30,987 71,650 61,560 General and administrative expense22,754 19,842 42,103 38,200 Stock-based compensation expense from continuing operations before taxes201,723 162,691 388,186 328,196 Stock-based compensation expense from discontinued operations before taxes— 15,144 — 30,291 Total stock-based compensation expense before taxes201,723 177,835 388,186 358,487 Income tax benefit(32,659)(28,809)(62,847)(58,075)Stock-based compensation expense after taxes$169,064 $149,026 $325,339 $300,412 During the three and six months ended April 30, 2025 and 2024, we recognized stock-based compensation expense relating to restricted stock units (RSUs) granted to senior executives with certain market, performance and service conditions (market-based RSUs). The grant date fair value of the market-based RSUs and the assumptions used in the Monte Carlo simulation model to determine the grant date fair value during the periods are as follows: Three Months Ended  April 30,Six Months Ended  April 30, 2025202420252024Expected life (in years)2.67 years— 2.67 years - 2.