Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2023

Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

Cadence’s accumulated other comprehensive loss is comprised of the aggregate impact of foreign currency translation gains and losses, changes in defined benefit plan liabilities and unrealized gains and losses on investments, and is presented in Cadence’s condensed consolidated statements of comprehensive income.

Accumulated other comprehensive loss was comprised of the following as of June 30, 2023 and December 31, 2022:

	As of
	June 30, 2023		December 31, 2022
	(In thousands)
Foreign currency translation loss	$	(84,717)	$	(85,863)
Changes in defined benefit plan liabilities	(5,369)		(5,774)
Unrealized losses on investments	(424)		—
Total accumulated other comprehensive loss	$	(90,510)	$	(91,637)

For the three and six months ended June 30, 2023 and July 2, 2022, there were no significant amounts related to foreign currency translation loss, changes in defined benefit plan liabilities or unrealized gains and losses on investments reclassified from accumulated other comprehensive loss to net income.