Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 45

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 1
Chunk 45
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 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 year(in thousands)Remainder of fiscal 2025$33,673 202635,945 202730,998 202825,405 202922,577 2030 and thereafter32,352 Total$180,950 

Note 7. Balance Sheet Components

As ofJanuary 31, 2025October 31, 2024(in thousands)Other long-term assets:Deferred compensation plan assets$414,002 $386,757 Capitalized commission, net65,287