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Stock Repurchase Program | 6 Months Ended
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Apr. 30, 2017
Stock Repurchase Program [Abstract] |
Stock Repurchase Program | Stock Repurchase Program The Company’s Board of Directors (the Board) previously approved a stock repurchase program pursuant to which the Company was authorized to purchase up to $500.0 million of its common stock, and has periodically replenished the stock repurchase program to such amount. The Board replenished the stock repurchase program up to $500.0 million on August 31, 2016. The program does not obligate Synopsys to acquire any particular amount of common stock, and the program may be suspended or terminated at any time by Synopsys’ Chief Financial Officer or the Board. The Company repurchases shares to offset dilution caused by ongoing stock issuances from existing equity plans for equity compensation awards and issuances related to acquisitions, and when management believes it is a good use of cash. Repurchases are transacted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), and may be made through any means including, but not limited to, open market purchases, plans executed under Rule 10b5-1(c) of the Exchange Act and structured transactions. As of April 30, 2017, $235.5 million remained available for further repurchases under the program. 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 valued at $80.0 million. The remaining balance of $20.0 million was settled in February 2017. Total shares purchased under the December 2016 ASR were approximately 1.7 million shares, at an average purchase price of $60.53 per share. In February 2017, the Company entered into an accelerated share repurchase agreement (the February 2017 ASR) to repurchase an aggregate of $100.0 million of the Company’s common stock. Pursuant to the February 2017 ASR, the Company made a prepayment of $100.0 million and received initial share deliveries valued at $80.0 million. The remaining balance of $20.0 million was settled in May 2017. Total shares purchased under the February 2017 ASR were approximately 1.4 million shares, at an average purchase price of $72.02 per share. Stock repurchase activities are as follow:
| Three Months Ended April 30, |  | Six Months Ended April 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
| (in thousands)
Total shares repurchased (1) | 1,381 |  |  | 515 |  |  | 2,775 |  |  | 4,364 |
Total cost of the repurchased shares(1) | $ | 100,000 |  |  | $ | 20,000 |  |  | $ | 180,000 |  |  | $ | 200,000 |
Reissuance of treasury stock | 1,502 |  |  | 1,261 |  |  | 1,870 |  |  | 1,462 |
(1) | Does not include the 265,894 shares and $20.0 million equity forward contract, respectively, from the February 2017 ASR settled in May 2017.

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- Definition Stock Repurchase Program + References No definition available. + Details
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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References No definition available. + Details
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