Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 67

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 1
Chunk 67
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 have excluded the financial results of OpenLight from our condensed consolidated financial statements from the date of sale.

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Note 13. Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss), on an after-tax basis where applicable, are as follows:As ofApril 30, 2025October 31, 2024 (in thousands)Cumulative currency translation adjustments$(145,827)$(161,954)Unrealized gains (losses) on derivative instruments, net of taxes(94,692)(18,800)Unrealized gains (losses) on available-for-sale securities, net of taxes383 374 Total$(240,136)$(180,380)The effect of amounts reclassified out of each component of accumulated other comprehensive income (loss) into net income is as follows: Three Months Ended  April 30,Six Months Ended  April 30, 2025202420252024 (in thousands)Reclassifications:Gains (losses) on cash flow hedges, net of taxesRevenues$1,282 $(1,019)$280 $(4,282)Operating expenses(3,069)(137)(5,655)(152)Interest expense(888)— (888)— Total$(2,675)$(1,156)$(6,263)$(4,434)Amounts reclassified during the six months ended April 30, 2025 and 2024 primarily consisted of gains (losses) from our cash flow hedging activities. See Note 8. Financial Assets and Liabilities of the Notes to Condensed Consolidated Financial Statements.

Note 14. Stock Repurchase Program

In fiscal 2022, our Board of Directors approved a stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. As of April 30, 2025, $194.3 million remained available for future repurchases under the Program. However, in connection with the pending Ansys Merger, we have suspended the Program until we reduce our expected debt levels.Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes are as follows: Three Months Ended  April 30,Six Months Ended  April 30, 2025202420252024(1) (in thousands)Total shares repurchased— — —