Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 149

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 8
Chunk 149
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 assets in our condensed consolidated balance sheets. Amortization of these assets was $12.9 million and $25.4 million during the three and six months ended April 30, 2025, respectively, and are included in sales and marketing expense in our condensed consolidated statements of income. Amortization of these assets was $12.4 million and $23.7 million during the three and six months ended April 30, 2024, respectively, and are included in sales and marketing expense in our condensed consolidated statements of income.

Note 6. Goodwill and Intangible Assets

GoodwillThe changes in the carrying amount of goodwill during the six months ended April 30, 2025 are as follows: (in thousands)Balance at October 31, 2024$3,448,850 Effect of foreign currency translation12,422 Balance at April 30, 2025$3,461,272 Intangible AssetsIntangible assets as of April 30, 2025 consist of the following:

12

Gross Carrying AmountAccumulatedAmortizationNet Amount (in thousands)Core/developed technology$812,112 $699,467 $112,645 Customer relationships316,056 255,790 60,266 Contract rights intangible177,111 176,629 482 Trademarks and trade names12,925 12,924 1 Total$1,318,204 $1,144,810 $173,394 Intangible assets as of October 31, 2024 consist of the following:Gross Carrying AmountAccumulatedAmortizationand ImpairmentNet 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 Amortization expense related to intangible assets consists of the following: Three Months Ended  April 30,Six Months Ended  April 30, 2025202420252024 (in thousands)Core/developed technology$7,337 $12,963 $15,526 $24,926 Customer relationships