Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 224

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 2
Chunk 224
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 fair value of our executive deferred compensation plan assets.

General and Administrative

 January 31,   20252024$ Change% Change (dollars in millions)Three months ended$167.1 $131.3 $35.8 27 %Percentage of total revenue11 %9 %

The increase in general and administrative expenses for the three months ended January 31, 2025 compared to the same period in fiscal 2024 was primarily due to an increase of $34.4 million in legal, consulting and other professional fees mainly in connection with the Ansys Merger.

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. 

 January 31,   20252024$ Change% Change (dollars in millions)Three months ended4.0 3.5 0.5 14 %Percentage of total revenue— %— %

Amortization of acquired intangible assets for the three months ended January 31, 2025 compared to the same period in fiscal 2024 was relatively flat primarily due to additions of acquired intangible assets in fiscal 2024, offset by acquired intangible assets that were fully amortized. See Note 6. Goodwill and Intangible Assets of the Notes to Condensed Consolidated Financial Statements for a schedule of future amortization amounts.

Interest and Other Income (Expense), Net

 January 31,   20252024$ Change% Change (dollars in millions)Three months endedInterest income$35.7 $13.1 $22.6 173 %Interest expense(10.7)(1.3)(9.4)723 %Gains (losses) on assets related to deferred compensation plan 19.6 39.4 (19.8)(50)%Foreign currency exchange gains (losses)0.1 3.4 (3.3)100 %Gain on sale of strategic investments— 55.1 (55.1)(100)%Other, net(5.4)(4.9)(0.5)10 %Total$39.3 $104.8 $(65.5)(63)%

The decrease in interest and