Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 69

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 69
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 to redeemable non-controlling interest. We have excluded the financial results of OpenLight from our condensed consolidated financial statements from the date of sale.

Note 13. Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss), on an after-tax basis where applicable, are as follows:As ofJuly 31, 2025October 31, 2024 (in thousands)Cumulative currency translation adjustments$(143,080)$(161,954)Unrealized gains (losses) on derivative instruments, net of taxes(88,811)(18,800)Unrealized gains (losses) on available-for-sale securities, net of taxes(4)374 Total$(231,895)$(180,380)

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The effect of amounts reclassified out of each component of accumulated other comprehensive income (loss) into net income is as follows: Three Months Ended  July 31,Nine Months Ended  July 31, 2025202420252024 (in thousands)Reclassifications:Gains (losses) on cash flow hedges, net of taxesRevenues$1,056 $2,689 $1,336 $(1,593)Operating expenses(8)(611)(5,664)(763)Interest expense(1,331)— (2,219)— Total$(283)$2,078 $(6,547)$(2,356)Amounts reclassified during the nine months ended July 31, 2025 and 2024 primarily consisted of gains (losses) from our cash flow hedging activities. See Note 8. Financial Assets and Liabilities of the Notes to Condensed Consolidated Financial Statements.

Note 14. Stock Repurchase Program

In fiscal 2022, our Board of Directors approved a stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. As of July 31, 2025, $194.3 million remained available for future repurchases under the Program. However, in connection with the Ansys Merger, we have suspended the Program until we reduce our debt levels.Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes are as follows: Three Months Ended  July 31,Nine Months Ended  July 31, 2025202420252024(1) (in thousands)