Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 65

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 1
Chunk 65
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0252024(in thousands)Operating lease expense (1)$26,063 $21,814 $51,115 $44,048 Variable lease expense (2)6,797 5,952 13,557 11,579 Total lease expense$32,860 $27,766 $64,672 $55,627 (1) Operating lease expense includes immaterial amounts of short-term leases, net of sublease income.(2) Variable lease expense includes payments to lessors that are not fixed or determinable at lease commencement date. These payments primarily consist of maintenance, property taxes, insurance and variable indexed based payments. Supplemental cash flow information during the period presented is as follows:Six Months Ended April 30,20252024(in thousands)Cash paid for amounts included in the measurement of operating lease liabilities(1)$52,374 $49,608 ROU assets obtained in exchange for operating lease liabilities(2)$70,957 $12,224 (1) Cash paid for amounts included in the measurement of operating lease liabilities included cash from discontinued operations of $2.9 million during the six months ended April 30, 2024.(2) ROU assets obtained in exchange for operating lease liabilities included ROU assets from discontinued operations of $0.2 million during the six months ended April 30, 2024.Lease term and discount rate information related to our operating leases as of the end of the period presented are as follows: As ofApril 30, 2025October 31, 2024Weighted-average remaining lease term (in years)7.217.59Weighted-average discount rate3.05 %2.86 %

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The following table represents the maturities of our future lease payments due under operating leases as of April 30, 2025:Lease PaymentsFiscal year(in thousands)Remainder of fiscal 2025$59,973 2026122,550 2027122,965 2028108,996 2029101,896 2030 and thereafter256,593 Total future minimum lease payments772,973 Less: Imputed interest81,365 Total lease liabilities$691,608 In addition, the sublease income from facilities leased by us, due to us as of April 30, 2025 are as follows:Lease ReceiptsFiscal year(in thousands)Remainder of fiscal