Segment Reporting

6 Months Ended

Jul. 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 and six months ended July 3, 2021 and June 27, 2020:

	Three Months Ended				Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
	(In thousands)
Americas:
United States	$	313,138	$	267,000	$	639,462	$	525,489
Other Americas	10,190		10,120		19,866		18,957
Total Americas	323,328		277,120		659,328		544,446
Asia:
China	99,591		77,232		189,032		161,031
Other Asia	134,389		121,276		268,237		230,875
Total Asia	233,980		198,508		457,269		391,906
Europe, Middle East and Africa	124,502		116,540		254,735		232,259
Japan	46,475		46,250		92,981		87,764
Total	$	728,285	$	638,418	$	1,464,313	$	1,256,375

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

	As of
	July 3, 2021		January 2, 2021
	(In thousands)
Americas:
United States	$	239,207	$	248,292
Other Americas	652		753
Total Americas	239,859		249,045
Asia:
China	15,962		16,416
Other Asia	4,985		28,668
Total Asia	20,947		45,084
Europe, Middle East and Africa	40,631		16,304
Japan	542		692
Total	$	301,979	$	311,125