Acquisitions (Tables)

12 Months Ended

Jan. 01, 2022

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The total purchase consideration was allocated to the assets acquired and liabilities assumed with Cadence’s acquisition of NUMECA based on their respective estimated fair values on the acquisition date as follows:


	Acquisition Date Fair Value
	(In thousands)
Current assets	$	16,423
Goodwill	133,077
Acquired intangibles	72,200
Other long-term assets	6,928
Total assets acquired	228,628
Current liabilities	9,951
Long-term liabilities	20,475
Total liabilities assumed	30,426
Total purchase consideration	$	198,202

Schedule of Business Acquisitions, by Acquisition

Definite-lived intangible assets acquired with Cadence’s fiscal 2021 acquisitions were as follows:


	Acquisition Date Fair Value		Weighted Average Amortization Period
	(In thousands)		(in years)
Existing technology	$	59,100	13.7 years
Agreements and relationships	28,900		13.7 years
Tradenames, trademarks and patents	4,600		14.3 years
Total acquired intangibles with definite lives	$	92,600	13.7 years