Inventory

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

Cadence’s inventory balances as of June 30, 2023 and December 31, 2022 were as follows:

	As of
	June 30, 2023		December 31, 2022
	(In thousands)
Inventories:
Raw materials	$	125,661	$	113,982
Finished goods	13,915		14,023
Total inventories	$	139,576	$	128,005