Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of debt outstanding

Cadence’s outstanding debt as of March 31, 2023 and December 31, 2022 was as follows:

	March 31, 2023						December 31, 2022
	(In thousands)
	Principal		Unamortized Discount		Carrying Value		Principal		Unamortized Discount		Carrying Value
Revolving Credit Facility	$	30,000	$	—	$	30,000	$	100,000	$	—	$	100,000
2024 Notes	350,000		(1,368)		348,632		350,000		(1,581)		348,419
2025 Term Loan	300,000		(331)		299,669		300,000		(341)		299,659
Total outstanding debt	$	680,000	$	(1,699)	$	678,301	$	750,000	$	(1,922)	$	748,078