Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 55

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 1
Chunk 55
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30, 2025Foreign exchange contractsRevenue$12,689 Revenue$1,282 Foreign exchange contractsOperating expenses14,749 Operating expenses(3,069)Interest rate contractsInterest expenses(73,146)Interest expenses(888)Total$(45,708)$(2,675)Three months ended  April 30, 2024Foreign exchange contractsRevenue$(2,507)Revenue$(1,019)Foreign exchange contractsOperating expenses(4,628)Operating expenses(137)Total$(7,135)$(1,156)Six months ended  April 30, 2025Foreign exchange contractsRevenue$13,203 Revenue$280 Foreign exchange contractsOperating expenses(2,142)Operating expenses(5,655)Interest rate contractsInterest expenses(93,216)Interest expenses(888)Total$(82,155)$(6,263)Six months ended  April 30, 2024Foreign exchange contractsRevenue$(2,565)Revenue$(4,282)Foreign exchange contractsOperating expenses6,040 Operating expenses(152)Total$3,475 $(4,434)

Note 9. Fair Value Measurements

ASC 820-10, Fair Value Measurements and Disclosures, defines fair value, establishes guidelines and enhances disclosure requirements for fair value measurements. The accounting guidance requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The accounting guidance also establishes a fair value hierarchy based on the independence of the source and objective evidence of the inputs used. There are three fair value hierarchies based upon the level of inputs that are significant to fair value measurement:Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical instruments in active markets;Level 2—Observable inputs other than quoted prices for identical instruments in active markets, quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in inactive markets, and model-driven valuations in which all significant inputs and significant value drivers are observable in active markets; andLevel 3—Unobservable inputs derived from fair valuation techniques in which one or more significant inputs or significant value drivers are unobservable.On a recurring basis, we measure the fair value of certain assets and liabilities, which include cash equivalents, short-term investments, non-qualified deferred compensation plan assets, contingent consideration receivable, and foreign currency derivative contracts.Our