Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 58

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 1
Chunk 58
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 discount rate information related to our operating leases as of the end of the period presented are as follows: As ofJanuary 31, 2025October 31, 2024Weighted-average remaining lease term (in years)7.397.59Weighted-average discount rate2.87 %2.86 %

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The following table represents the maturities of our future lease payments due under operating leases as of January 31, 2025:Lease PaymentsFiscal year(in thousands)Remainder of fiscal 2025$86,521 2026113,525 2027110,515 202894,352 202987,014 2030 and thereafter232,254 Total future minimum lease payments724,181 Less: Imputed interest73,364 Total lease liabilities$650,817 In addition, certain facilities owned by us were leased to third parties under non-cancellable operating lease agreements. These leases have annual escalating payments and have expiration dates through March 31, 2031 in accordance with the terms and conditions of the existing agreement. The lease receipts from owned facilities, including sublease income from other facilities leased by us, due to us as of January 31, 2025 are as follows:Lease ReceiptsFiscal year(in thousands)Remainder of fiscal 2025$18,415 202625,333 202726,452 202827,246 202928,063 2030 and thereafter28,429 Total$153,938 

Note 12. Redeemable Non-controlling Interest

During the second quarter of fiscal 2022, we acquired a 75% equity interest in OpenLight Photonics, Inc. (OpenLight) for cash consideration of $90.0 million. The remaining 25% equity interest in OpenLight was held by Juniper Networks, Inc. (the Minority Investor) from their contribution of IP and certain tangible assets.The agreement with the Minority Investor contained redemption features whereby the interest held by the Minority Investor was redeemable either (1) at the option of the Minority Investor on or after the third anniversary of the acquisition or sooner in certain circumstances or (2) at our option beginning on the third anniversary of the acquisition. This option was exercisable at the greater of fair value at the time of redemption or $30.0 million. The fair value of the option was initially valued at $10.1 million, resulting in a total consideration of