Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 61

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 1
Chunk 61
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 market, performance and service conditions (market-based RSUs). The grant date fair value of the market-based RSUs and the assumptions used in the Monte Carlo simulation model to determine the grant date fair value during the periods are as follows: Three Months Ended  January 31, 20252024Expected life (in years)2.79 years2.89 years Risk-free interest rate4.39%4.41%Volatility34.72%34.03%Grant date fair value$464.17$600.29As of January 31, 2025, we had $1.6 billion of total unrecognized stock-based compensation expense relating to options, RSUs and restricted stock awards, which is expected to be recognized over a weighted-average period of 2.4 years. As of January 31, 2025, we had $88.7 million of unrecognized stock-based compensation expense relating to our Employee Stock Purchase Plan, which is expected to be recognized over a period of approximately 2.0 years.The intrinsic values of equity awards exercised during the periods are as follows: Three Months Ended  January 31, 20252024 (in thousands)Intrinsic value of awards exercised$20,359 $27,855 

Note 16. Net Income Per Share

We compute basic net income per share by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the dilution from potential common shares outstanding such as stock options and unvested RSUs and awards during the period using the treasury stock method.

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The table below reconciles the weighted average common shares used to calculate basic net income per share with the weighted average common shares used to calculate diluted net income per share: Three Months Ended  January 31, 20252024 (in thousands, except per share amounts)Numerator:Net income from continuing operations attributed to Synopsys$295,683 $437,450 Net income from discontinued operations attributed to Synopsys— 11,662 Net income attributed to Synopsys$295,683 $449,112 Denominator:Weighted average common shares for basic net income per share154,408 152,311 Dilutive effect of common share equivalents from equity-based compensation1,781 3,023 Weighted average common shares for diluted net income per share156,189 155,334 Net income per