Segment Reporting

6 Months Ended

Jul. 02, 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. 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 2, 2022 and July 3, 2021:

	Three Months Ended				Six Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
	(In thousands)
Americas:
United States	$	368,974	$	313,138	$	782,512	$	639,462
Other Americas	12,043		10,190		23,845		19,866
Total Americas	381,017		323,328		806,357		659,328
Asia:
China	113,169		99,591		253,135		189,032
Other Asia	151,967		134,389		310,641		268,237
Total Asia	265,136		233,980		563,776		457,269
Europe, Middle East and Africa	158,043		124,502		288,677		254,735
Japan	53,325		46,475		100,477		92,981
Total	$	857,521	$	728,285	$	1,759,287	$	1,464,313

The following table presents a summary of long-lived assets by geography as of July 2, 2022 and January 1, 2022:

	As of
	July 2, 2022		January 1, 2022
	(In thousands)
Americas:
United States	$	282,027	$	267,202
Other Americas	1,174		975
Total Americas	283,201		268,177
Asia:
China	57,774		56,403
Other Asia	69,487		54,677
Total Asia	127,261		111,080
Europe, Middle East and Africa	55,116		53,748
Japan	1,771		3,030
Total	$	467,349	$	436,035