Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 172

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 8
Chunk 172
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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, $194.3 million remained available for future repurchases under the Program. However, in connection with the Ansys Merger, we have suspended the Program until we reduce our debt levels.Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes are as follows: Three Months Ended  July 31,Nine Months Ended  July 31, 2025202420252024(1) (in thousands)Total shares repurchased— — — 74 Total cost of the repurchased shares$— $— $— $45,000 Reissuance of treasury stock359 409 1,393 1,634 (1) Included the 73,903 shares and $45.0 million equity forward contract from the August 2023 Accelerated Share Repurchase settled in November 2023.

Note 15. Stock-Based Compensation

As of the Acquisition Date, we assumed outstanding equity incentive awards under the following Ansys equity incentive plans: (i) the Fourth Amended and Restated Ansys, Inc. 1996 Stock Option and Grant Plan, (ii) the Fifth Amended and Restated Ansys, Inc