Segment Reporting

3 Months Ended

Apr. 03, 2021

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Segment reporting is based on the “management approach,” following the method that management organizes the company’s reportable segments for which separate financial information is made available to, and evaluated regularly by, the chief operating decision maker in allocating resources and in assessing performance. Cadence’s chief operating decision maker is its CEO, who reviews Cadence’s consolidated results as one operating segment. In making operating decisions, the CEO primarily considers consolidated financial information, accompanied by disaggregated information about revenues by geographic region.

Outside the United States, Cadence markets and supports its products and services primarily through its subsidiaries. Revenue is attributed to geography based upon the country in which the product is used, or services are delivered. Long-lived assets are attributed to geography based on the country where the assets are located.

The following table presents a summary of revenue by geography for the three months ended April 3, 2021 and March 28, 2020:

	Three Months Ended
	April 3, 2021		March 28, 2020
	(In thousands)
Americas:
United States	$	326,324	$	258,488
Other Americas	9,676		8,837
Total Americas	336,000		267,325
Asia:
China	89,441		83,799
Other Asia	133,848		109,599
Total Asia	223,289		193,398
Europe, Middle East and Africa	130,233		115,720
Japan	46,506		41,514
Total	$	736,028	$	617,957

The following table presents a summary of long-lived assets by geography as of April 3, 2021 and January 2, 2021: 

	As of
	April 3, 2021		January 2, 2021
	(In thousands)
Americas:
United States	$	244,451	$	248,292
Other Americas	643		753
Total Americas	245,094		249,045
Asia:
China	15,750		16,416
Other Asia	28,216		28,668
Total Asia	43,966		45,084
Europe, Middle East and Africa	15,476		16,304
Japan	553		692
Total	$	305,089	$	311,125