Segment Reporting

9 Months Ended

Oct. 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. 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 1, 2022 and October 2, 2021:

	Three Months Ended				Nine Months Ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
	(In thousands)
Americas:
United States	$	392,222	$	331,463	$	1,174,734	$	970,925
Other Americas	15,165		11,487		39,010		31,353
Total Americas	407,387		342,950		1,213,744		1,002,278
Asia:
China	148,325		98,325		401,460		287,357
Other Asia	156,250		136,272		466,891		404,509
Total Asia	304,575		234,597		868,351		691,866
Europe, Middle East and Africa	142,983		129,606		431,660		384,341
Japan	47,609		43,742		148,086		136,723
Total	$	902,554	$	750,895	$	2,661,841	$	2,215,208

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

	As of
	October 1, 2022		January 1, 2022
	(In thousands)
Americas:
United States	$	328,455	$	267,202
Other Americas	7,376		975
Total Americas	335,831		268,177
Asia:
China	52,158		56,403
Other Asia	69,859		54,677
Total Asia	122,017		111,080
Europe, Middle East and Africa	55,560		53,748
Japan	4,504		3,030
Total	$	517,912	$	436,035