Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 139

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 8
Chunk 139
---
 table represents the condensed consolidated balance sheets location and amount of foreign currency derivative instrument fair values segregated between designated and non-designated hedge instruments:Fair values ofderivative instrumentsdesignated as hedginginstrumentsFair values ofderivative instrumentsnot designated ashedging instruments (in thousands)Balance at January 31, 2025Other current assets$6,879 $32 Accrued liabilities$19,468 $91 Balance at October 31, 2024Other current assets$8,839 $12 Accrued liabilities$6,918 $114 The following table represents the location of the amount of gains and losses on forward contracts fair values for designated foreign currency hedge instruments, net of tax in the condensed consolidated statements of income:Location of gains (losses) recognized in OCI on derivativesAmount of gains (losses) recognized in OCI onderivatives(effective portion)Location ofgains (losses)reclassified from OCIAmount ofgains (losses)reclassified fromOCI(effective portion) (in thousands)Three months ended  January 31, 2025Foreign exchange contractsRevenue$513 Revenue$(1,002)Foreign exchange contractsOperating expenses(16,891)Operating expenses(2,586)Total$(16,378)$(3,588)Three months ended  January 31, 2024Foreign exchange contractsRevenue$(58)Revenue$(3,263)Foreign exchange contractsOperating expenses10,668 Operating expenses(15)Total$10,610 $(3,278)

Note 9. Fair Value Measurements

ASC 820-10, Fair Value Measurements and Disclosures, defines fair value, establishes guidelines and enhances disclosure requirements for fair value measurements. The accounting guidance requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The accounting guidance also establishes a fair value hierarchy based on the independence of the source and objective evidence of the inputs used. There are three fair value hierarchies based upon the level of inputs that are significant to fair value measurement:Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical instruments in active markets;Level 2—Observable inputs other than quoted prices for identical instruments in active markets, quoted prices for similar instruments in active markets, quoted prices