Investments, Equity Method and Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Unrealized Gain (Loss) on Investments

The following is a summary of Cadence’s available-for-sale debt securities recorded within prepaid expenses and other on the condensed consolidated balance sheet as of June 30, 2023:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In thousands)
Available-for-sale securities
Mortgage-backed and asset-backed securities	$	28,692	$	9	$	(433)	$	28,268
Total available-for-sale securities	$	28,692	$	9	$	(433)	$	28,268

Investments Classified by Contractual Maturity Date

As of June 30, 2023, the fair values of available-for-sale securities, by remaining contractual maturity, were as follows:

	(In thousands)
Due within 1 year	$	—
Due after 1 year through 5 years	8,607
Due after 5 years through 10 years	8,132
Due after 10 years	11,529
Total	$	28,268