Stock Based Compensation

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

Stock-based compensation expense is reflected in Cadence’s condensed consolidated income statements for the three months ended March 31, 2023 and April 2, 2022 as follows:

	Three Months Ended
	March 31, 2023		April 2, 2022
	(In thousands)
Cost of product and maintenance	$	1,066	$	830
Cost of services	1,357		1,050
Marketing and sales	15,091		11,757
Research and development	44,322		35,122
General and administrative	12,452		10,710
Total stock-based compensation expense	$	74,288	$	59,469

Cadence had total unrecognized compensation expense related to stock option and restricted stock grants of $514.2 million as of March 31, 2023, which will be recognized over a weighted average vesting period of 2.2 years.