Segment Reporting

12 Months Ended

Jan. 01, 2022

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. Property, plant and equipment is attributed to geography based on the country where the assets are located.

The following table presents a summary of revenue by geography for fiscal 2021, 2020 and 2019:

	2021		2020		2019
	(In thousands)
Americas:
United States	$	1,292,980	$	1,096,263	$	982,380
Other Americas	42,141		43,652		43,473
Total Americas	1,335,121		1,139,915		1,025,853
Asia:
China	378,160		406,645		241,474
Other Asia	566,772		487,362		459,028
Total Asia	944,932		894,007		700,502
Europe, Middle East and Africa	523,390		469,804		433,314
Japan	184,801		179,165		176,650
Total	$	2,988,244	$	2,682,891	$	2,336,319

The following table presents a summary of property, plant and equipment by geography as of January 1, 2022, January 2, 2021 and December 28, 2019: 

	As of
	January 1, 2022		January 2, 2021		December 28, 2019
	(In thousands)
Americas:
United States	$	238,263	$	248,292	$	220,023
Other Americas	623		753		728
Total Americas	238,886		249,045		220,751
Asia:
China	15,010		16,416		15,729
Other Asia	35,458		28,668		27,890
Total Asia	50,468		45,084		43,619
Europe, Middle East and Africa	16,033		16,304		10,474
Japan	524		692		1,011
Total	$	305,911	$	311,125	$	275,855