Segment Reporting

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and April 2, 2022:

	Three Months Ended
	March 31, 2023		April 2, 2022
	(In thousands)
Americas:
United States	$	434,346	$	413,538
Other Americas	16,118		11,802
Total Americas	450,464		425,340
Asia:
China	177,556		139,966
Other Asia	183,962		158,674
Total Asia	361,518		298,640
Europe, Middle East and Africa	154,270		130,634
Japan	55,438		47,152
Total	$	1,021,690	$	901,766

The following table presents a summary of long-lived assets by geography as of March 31, 2023 and December 31, 2022:

	As of
	March 31, 2023		December 31, 2022
	(In thousands)
Americas:
United States	$	346,662	$	347,822
Other Americas	7,948		7,548
Total Americas	354,610		355,370
Asia:
China	49,330		51,667
Other Asia	72,538		73,329
Total Asia	121,868		124,996
Europe, Middle East and Africa	55,017		56,959
Japan	3,973		4,505
Total	$	535,468	$	541,830