Segment Reporting

9 Months Ended

Oct. 02, 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 nine months ended October 2, 2021 and September 26, 2020:

	Three Months Ended				Nine Months Ended
	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
	(In thousands)
Americas:
United States	$	331,463	$	269,057	$	970,925	$	794,545
Other Americas	11,487		10,956		31,353		29,913
Total Americas	342,950		280,013		1,002,278		824,458
Asia:
China	98,325		114,160		287,357		275,191
Other Asia	136,272		123,188		404,509		354,063
Total Asia	234,597		237,348		691,866		629,254
Europe, Middle East and Africa	129,606		107,913		384,341		340,173
Japan	43,742		41,333		136,723		129,097
Total	$	750,895	$	666,607	$	2,215,208	$	1,922,982

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

	As of
	October 2, 2021		January 2, 2021
	(In thousands)
Americas:
United States	$	239,200	$	248,292
Other Americas	616		753
Total Americas	239,816		249,045
Asia:
China	15,601		16,416
Other Asia	31,159		28,668
Total Asia	46,760		45,084
Europe, Middle East and Africa	16,245		16,304
Japan	492		692
Total	$	303,313	$	311,125