Fiscal 2004 Acquisitions In February 2004, the Company completed the acquisition of all the outstanding shares of Accelerant Networks, Inc.  (Accelerant) for total consideration of $23.8 million, and the acquisition of the technology assets of Analog Design Automation, Inc.  (ADA) for total consideration of $12.2 million.
The Company acquired Accelerant in order to enhance the Company’s standards-based IP solutions.
The Company acquired the assets of ADA in order to enhance the Company’s analog and mixed signal offerings.
In October 2004, the Company completed the acquisition of Cascade Semiconductor Solutions, Inc.  (Cascade) for total upfront consideration of $15.8 million and contingent consideration of up to $10.0 million to be paid upon the achievement of certain performance milestones over the three years following the acquisition.
Contingent consideration totaling $2.1 million was paid during the fourth quarter of fiscal 2005 and has been allocated to goodwill.
The Company acquired Cascade, an IP provider, in order to augment Synopsys’ offerings of PCI Express products.
Included in the total consideration for the Accelerant and Cascade acquisitions are aggregate acquisition costs of $4.3 million, consisting primarily of legal and accounting fees and other directly related charges.
As of October 31, 2006 the Company has paid substantially all the costs related to these acquisitions.
In fiscal 2004, the Company completed one additional acquisition and two additional asset acquisition transactions for aggregate consideration of $12.3 million in upfront payments and acquisition-related costs.
In process research and development expenses associated with these acquisitions totaled $1.6 million for fiscal 2004.
These acquisitions are not considered material, individually or in the aggregate, to the Company’s consolidated balance sheet and results of operations.
As of October 31, 2006, the Company has paid substantially all the costs related to these acquisitions.
The Company allocated the total aggregate purchase consideration for these transactions to the assets and liabilities acquired, including identifiable intangible assets, based on their respective fair values at the acquisition dates, resulting in aggregate goodwill of $24.5 million.
Aggregate identifiable intangible assets as a result of these acquisitions, consisting primarily of purchased technology and other intangibles, are $44.8 million, and are being amortized over three to five years.
The Company includes the amortization of purchased technology in cost of revenue in its statements of operations.
Note 4.
Goodwill and Intangible Assets Goodwill consists of the following:
## Table 0 ##
(1) During fiscal year 2005, additions represent goodwill acquired in acquisitions of ISE and Nassda of $72.9 million and $92.4 million, respectively, and contingent consideration earned and paid of $1.7 million and $2.1 million related to an immaterial acquisition and the acquisition of Cascade, respectively.
(2) During fiscal year 2005, Synopsys reduced goodwill primarily related to tax reserves for Avant!
no longer probable due to expiration of the federal statute of limitations for claims.
## Table 1 ##
(1) Our fiscal year ends on the Saturday nearest to October 31 and consists of 52 weeks, with the exception that approximately every five years, we have a 53-week year.
Fiscal 2016, 2015, 2014, and 2013 were 52- week years ending on October 29, 2016, October 31, 2015, November 1, 2014, and November 2, 2013, respectively.
Fiscal 2012 was a 53-week year ending on November 3, 2012.
(2) Includes $16.5 million, $6.3 million, $19.6 million, $1.1 million, and $36.9 million in tax benefits from tax settlements received in fiscal years 2016, 2015, 2014, 2013, and 2012, respectively.
See Note 11 of Notes to Consolidated Financial Statements.
(3) Includes reclassifications of deferred tax assets and liabilities for fiscal years 2012 through 2015 related to ASU 2015-17 “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.
” See Note 11 of Notes to Consolidated Financial Statements.
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Overview The following summary of our financial condition and results of operations is qualified in its entirety by the more complete discussion contained in this Item 7 and by the risk factors set forth in Item 1A of this Annual Report.
Please also see the cautionary language at the beginning of Part I of this Annual Report regarding forward-looking statements.
Business Summary Synopsys, Inc.  provides software, intellectual property, and services used by designers across the entire silicon to software spectrum, from engineers creating advanced semiconductors to software developers seeking to ensure the quality and security of their applications.
We are a global leader in supplying the electronic design automation (EDA) software that engineers use to design and test ICs, also known as chips.
We also offer intellectual property (IP) products, which are pre-designed circuits that engineers use as components of larger chip designs rather than design those circuits themselves.
We provide software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them.
To complement these offerings, we provide technical services and support to help our customers develop advanced chips and electronic systems.
We are also a leading provider of software tools that developers use to improve the quality and security of software code in a wide variety of industries, including electronics, financial services, energy, industrials, and automotive.
Our EDA and IP customers are generally semiconductor and electronics systems companies.
Our solutions help these companies overcome the challenges of developing increasingly advanced electronics products while also
Table of Contents 73 In May 2016, the Company entered into an accelerated share repurchase agreement (the May 2016 ASR) to repurchase an aggregate of $125.0 million of the Company’s common stock.
Pursuant to the May 2016 ASR, the Company made a prepayment of $125.0 million and received initial share deliveries of shares valued at $100.0 million.
The remaining balance of $25.0 million was settled in August 2016.
Total shares purchased under the May 2016 ASR were approximately 2.4 million shares, at an average purchase price of $52.98 per share.
In December 2016, the Company entered into an accelerated share repurchase agreement (the December 2016 ASR) to repurchase an aggregate of $100.0 million of the Company’s common stock.
Pursuant to the December 2016 ASR, the Company made a prepayment of $100.0 million and received initial share deliveries of shares valued at $80.0 million.
The remaining balance of $20.0 million is anticipated to be settled on or before February 16, 2017, upon completion of the repurchase.
Under the terms of the December 2016 ASR, the specific number of shares that the Company ultimately repurchases will be based on the volume-weighted average share price of the Company’s common stock during the repurchase period, less a discount.
The following table summarizes stock repurchase activities as well as the reissuance of treasury stock for employee stock compensation purposes:
## Table 2 ##
Note 10.
Employee Benefit Plans Employee Stock Purchase Plan Under the Company’s Employee Stock Purchase Plan (ESPP), employees are granted the right to purchase shares of common stock at a price per share that is 85% of the lesser of the fair market value of the shares at (1) the beginning of a rolling two year offering period or (2) the end of each semi-annual purchase period, subject to a plan limit on the number of shares that may be purchased in a purchase period.
On March 29, 2016, the Company’s stockholders approved an amendment to the ESPP to increase the number of shares of common stock authorized for issuance under the plan by 5.0 million shares.
During fiscal 2016, 2015 and 2014, the Company issued 1.6 million, 1.7 million, and 1.8 million shares, respectively, under the ESPP at average per share prices of $37.77, $31.55 and $30.00, respectively.
As of October 31, 2016, 8.7 million shares of common stock were reserved for future issuance under the ESPP.
Equity Compensation Plans 2006 Employee Equity Incentive Plan.
On April 25, 2006, the Company’s stockholders approved the 2006 Employee Equity Incentive Plan (2006 Employee Plan), which provides for the grant of incentive stock options, nonstatutory stock options, restricted stock awards, restricted stock unit awards, stock appreciation rights and other forms of equity compensation, including performance stock awards and performance cash awards, as determined by the plan administrator.
The terms and conditions of each type of award are set forth in the 2006 Employee Plan.
Options granted under this plan have a contractual term of seven years and generally vest over four years.
On March 29, 2016, the Company's stockholders approved an amendment to increase the number of shares of common stock reserved for future issuance under the 2006 Employee Plan by 3.8 million shares.
As of October 31, 2016, an aggregate of 6.3 million stock options and 4.0 million restricted stock units were outstanding, and 11.2 million shares were available for future issuance under the 2006 Employee Plan.2005 Non-Employee Directors Equity Incentive Plan.
On May 23, 2005, the Company’s stockholders approved the 2005 Non-Employee Directors Equity Incentive Plan (the 2005 Directors Plan).
The 2005 Directors Plan provides for annual equity awards to non-employee directors in the form of stock options, restricted stock or a combination thereof.
The Company’s stockholders have approved an aggregate of 0.8 million shares of common stock reserved under the 2005 Directors Plan.
As of October 31, 2016, the Company has issued an aggregate of 363,782 shares of restricted stock awards with an aggregate grant date fair value of approximately $11.5 million under the 2005 Directors Plan.
Restricted stock

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>(in thousands)</td></tr><tr><td>Balance at October 31, 2004</td><td>$593,706</td></tr><tr><td>Additions-1</td><td>169,142</td></tr><tr><td>Other adjustments-2</td><td>-33,869</td></tr><tr><td>Balance at October 31, 2005</td><td>$728,979</td></tr><tr><td>Additions-3</td><td>27,745</td></tr><tr><td>Other adjustments-4</td><td>-21,081</td></tr><tr><td>Balance at October 31, 2006</td><td>$735,643</td></tr></table>
<table><tr><td></td><td colspan="5">Fiscal Year Ended October 31,-1</td></tr><tr><td></td><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td></td><td colspan="5">(in thousands, except per share data)</td></tr><tr><td>Revenue</td><td>$2,422,532</td><td>$2,242,211</td><td>$2,057,472</td><td>$1,962,214</td><td>$1,756,017</td></tr><tr><td>Income before provisions for income taxes</td><td>329,548</td><td>281,610</td><td>272,142</td><td>275,666</td><td>201,135</td></tr><tr><td>Provision (benefit) for income taxes(2)</td><td>62,722</td><td>55,676</td><td>13,018</td><td>27,866</td><td>18,733</td></tr><tr><td>Net income</td><td>266,826</td><td>225,934</td><td>259,124</td><td>247,800</td><td>182,402</td></tr><tr><td>Net income per share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>1.76</td><td>1.46</td><td>1.67</td><td>1.62</td><td>1.24</td></tr><tr><td>Diluted</td><td>1.73</td><td>1.43</td><td>1.64</td><td>1.58</td><td>1.21</td></tr><tr><td>Working capital-3</td><td>1,992</td><td>-109,546</td><td>6,527</td><td>133,000</td><td>-186,695</td></tr><tr><td>Total assets</td><td>5,240,365</td><td>5,045,739</td><td>4,775,499</td><td>4,358,935</td><td>4,147,656</td></tr><tr><td>Long-term debt</td><td>—</td><td>—</td><td>45,000</td><td>75,000</td><td>105,000</td></tr><tr><td>Stockholders’ equity</td><td>3,195,146</td><td>3,133,989</td><td>3,056,170</td><td>2,788,277</td><td>2,543,971</td></tr></table>
<table><tr><td></td><td colspan="3">Year Ended October 31,</td></tr><tr><td></td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td></td><td colspan="3">(in thousands, except per share price)</td></tr><tr><td>Shares repurchased</td><td>8,506</td><td>5,672</td><td>3,092</td></tr><tr><td>Average purchase price per share</td><td>$49.37</td><td>$45.84</td><td>$38.72</td></tr><tr><td>Aggregate purchase price</td><td>$420,000</td><td>$260,000</td><td>$119,747</td></tr><tr><td>Reissuance of treasury stock</td><td>4,803</td><td>4,864</td><td>4,888</td></tr></table>

Question: what is the percentual increase observed in the balance between 2004 and 2005?\\n
Answer: 0.22785
Reasoning program: divide(728979,593706), subtract(#0,const_1)