Segment Reporting

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and July 2, 2022:

	Three Months Ended				Six Months Ended
	June 30, 2023		July 2, 2022		June 30, 2023		July 2, 2022
	(In thousands)
Americas:
United States	$	385,595	$	368,974	$	819,941	$	782,512
Other Americas	15,966		12,043		32,084		23,845
Total Americas	401,561		381,017		852,025		806,357
Asia:
China	174,116		113,169		351,672		253,135
Other Asia	176,894		151,967		360,856		310,641
Total Asia	351,010		265,136		712,528		563,776
Europe, Middle East and Africa	166,804		158,043		321,074		288,677
Japan	57,204		53,325		112,642		100,477
Total	$	976,579	$	857,521	$	1,998,269	$	1,759,287

The following table presents a summary of long-lived assets by geography as of June 30, 2023 and December 31, 2022:

	As of
	June 30, 2023		December 31, 2022
	(In thousands)
Americas:
United States	$	351,694	$	347,822
Other Americas	7,884		7,548
Total Americas	359,578		355,370
Asia:
China	43,975		51,667
Other Asia	69,780		73,329
Total Asia	113,755		124,996
Europe, Middle East and Africa	53,306		56,959
Japan	3,275		4,505
Total	$	529,914	$	541,830