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Net Income Per Share
 9 Months Ended
Oct. 01, 2022
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Basic net income per share is computed by dividing net income during the period by the weighted average number of shares of common stock outstanding during that period, less unvested restricted stock awards. Diluted net income per share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock method of accounting.
The calculations for basic and diluted net income per share for the three and nine months ended October 1, 2022 and October 2, 2021 are as follows:
 Three Months Ended Nine Months Ended
 October 1,
2022		October 2,
2021		October 1,
2022		October 2,
2021
 (In thousands, except per share amounts)
Net income$186,305 $176,307 $608,560 $519,376 
Weighted average common shares used to calculate basic net income per share271,131 273,194 271,694 273,636 
Stock-based awards3,826 5,117 3,989 5,410 
Weighted average common shares used to calculate diluted net income per share274,957 278,311 275,683 279,046 
Net income per share - basic$0.69 $0.65 $2.24 $1.90 
Net income per share - diluted$0.68 $0.63 $2.21 $1.86 
The following table presents shares of Cadence’s common stock outstanding for the three and nine months ended October 1, 2022 and October 2, 2021 that were excluded from the computation of diluted net income per share because the effect of including these shares in the computation of diluted net income per share would have been anti-dilutive:
 Three Months Ended Nine Months Ended
 October 1,
2022		October 2,
2021		October 1,
2022		October 2,
2021
 (In thousands)
Long-term market-based awards1,761 — 1,485 — 
Options to purchase shares of common stock514 331 678 267 
Non-vested shares of restricted stock26 5 63 46 
Total potential common shares excluded2,301 336 2,226 313