Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 133

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 8
Chunk 133
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 are included in other long-term assets in our condensed consolidated balance sheets. Amortization of these assets was $12.5 million and $11.2 million during the three months ended January 31, 2025 and 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 three months ended January 31, 2025 are as follows: (in thousands)Balance at October 31, 2024$3,448,850 Effect of foreign currency translation(15,481)Balance at January 31, 2025$3,433,369 Intangible AssetsIntangible assets as of January 31, 2025 consist of the following:Gross Carrying AmountAccumulatedAmortizationNet Amount (in thousands)Core/developed technology$809,306 $691,524 $117,782 Customer relationships313,129 250,771 62,358 Contract rights intangible176,233 175,428 805 Trademarks and trade names12,925 12,920 5 Total$1,311,593 $1,130,643 $180,950 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 

10

Amortization expense related to intangible assets consists of the following: Three Months Ended  January 31, 20252024 (in thousands)Core/developed technology$8,189 $11,963 Customer relationships3,996 3,525 Contract rights intangible407 1,192 Trademarks and trade names4 4 Total$12,596 $16,684 The following table presents the estimated future amortization of acquired intangible assets as of January 31, 2025:Fiscal