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Net Income Per Share
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Basic net income per share is computed by dividing net income during the period by the weighted average number of shares of common stock outstanding during that period, less unvested restricted stock awards. Diluted net income per share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock method of accounting.
The calculations for basic and diluted net income per share for the three and nine months ended September 30, 2023 and October 1, 2022 are as follows:
 Three Months Ended Nine Months Ended
 September 30,
2023		October 1,
2022		September 30,
2023		October 1,
2022
 (In thousands, except per share amounts)
Net income$254,321 $186,305 $717,245 $608,560 
Weighted average common shares used to calculate basic net income per share269,229 271,131 269,480 271,694 
Stock-based awards3,198 3,826 3,379 3,989 
Weighted average common shares used to calculate diluted net income per share272,427 274,957 272,859 275,683 
Net income per share - basic$0.94 $0.69 $2.66 $2.24 
Net income per share - diluted$0.93 $0.68 $2.63 $2.21 
The following table presents shares of Cadence’s common stock outstanding for the three and nine months ended September 30, 2023 and October 1, 2022 that were excluded from the computation of diluted net income per share because the effect of including these shares in the computation of diluted net income per share would have been anti-dilutive:
 Three Months Ended Nine Months Ended
 September 30,
2023		October 1,
2022		September 30,
2023		October 1,
2022
 (In thousands)
Long-term market-based awards1,866 1,761 1,841 1,485 
Options to purchase shares of common stock262 514 373 678 
Non-vested shares of restricted stock807 26 288 63 
Total potential common shares excluded2,935 2,301 2,502 2,226