Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 98

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 98
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 million in depreciation and maintenance expense, partially offset by a decrease of $3.0 million in the change in the fair value of our executive deferred compensation plan assets.

Amortization of Acquired Intangible Assets

Amortization of acquired intangible assets, included in operating expenses, consists of the amortization of trademarks, trade names and customer relationships intangible assets related to acquisitions. 

 July 31,   20252024$ Change% Change (dollars in millions)Three months ended28.6 4.1 24.5 598 %Percentage of total revenue2 %— %Nine months ended36.6 12.2 24.4 200 %Percentage of total revenue1 %— %

The increase in amortization of acquired intangible assets for the three and nine months ended July 31, 2025 compared to the same periods in fiscal 2024 was primarily due to amortization expense related to intangible assets acquired from the Ansys Merger. See Note 6. Goodwill and Intangible Assets of the Notes to Condensed Consolidated Financial Statements for a schedule of future amortization amounts.

Interest Expense

July 31,20252024$ Change% Change(dollars in millions)Three months ended(146.5)$(11.7)$(134.8)1,152 %Percentage of total revenue(8)%(1)%Nine months ended$(252.0)$(20.5)$(231.5)1,129 %Percentage of total revenue(5)%— %

The increase in interest expense for the three and nine months ended July 31, 2025 as compared to the same periods in fiscal 2024 was primarily due to interest on the Senior Notes issued in the second quarter of fiscal 2025 and the borrowing under the Term Loan Agreement in the third quarter of fiscal 2025 in connection with the Ansys Merger. See Note 10. Senior Notes, Bridge Commitment Letter, Term Loan and Revolving Credit Facilities of the Notes to Condensed Consolidated Financial Statements for further detail on our debt obligations.

50

Other Income (Expense), Net

 July 31,   20252024$ Change% Change (dollars in millions)Three months endedInterest income$131.4 $15.7 $115.7 737 %Gains (loss