Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 194

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 8
Chunk 194
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 consulting and other professional fees mainly in connection with the Ansys Merger, and $7.5 million in employee-related costs due to headcount increases from hiring, partially offset by a decrease of $5.1 million in the change in the fair value of our executive deferred compensation plan assets. 

Amortization of Acquired Intangible Assets

Amortization of acquired intangible assets, included in operating expenses, consists of the amortization of trademarks, trade names and customer relationships intangible assets related to acquisitions. 

 April 30,   20252024$ Change% Change (dollars in millions)Three months ended4.0 4.6 (0.6)(13)%Percentage of total revenue— %— %Six months ended8.0 8.1 (0.1)(1)%Percentage of total revenue— %— %

Amortization of acquired intangible assets for the three and six months ended April 30, 2025 compared to the same periods in fiscal 2024 was relatively flat primarily due to acquired intangible assets that were fully amortized, offset by additions of acquired intangible assets in fiscal 2024. See Note 6. Goodwill and Intangible Assets of the Notes to Condensed Consolidated Financial Statements for a schedule of future amortization amounts.

Interest Expense

April 30,20252024$ Change% Change(dollars in millions)Three months ended(94.3)$(7.1)$(87.2)1,228 %Percentage of total revenue(6)%— %Six months ended$(105.5)$(8.8)$(96.7)1,099 %Percentage of total revenue(3)%— %

The increase in interest expense for the three and six months ended April 30, 2025 as compared to the same periods in fiscal 2024 was primarily due to the issuance of the Senior Notes in the second quarter of fiscal 2025. See Note 10. Senior Notes, Bridge Commitment Letter, Term Loan and Revolving Credit Facilities of the Notes to Condensed Consolidated Financial Statements for further detail on our debt obligations.

43

Other Income (Expense), Net

 April 30,   20252024$ Change% Change (dollars in millions)Three months endedInterest income$89.9 $11.6 $78