Segment Reporting

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and October 1, 2022:

	Three Months Ended				Nine Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
	(In thousands)
Americas:
United States	$	421,547	$	392,222	$	1,241,488	$	1,174,734
Other Americas	15,800		15,165		47,884		39,010
Total Americas	437,347		407,387		1,289,372		1,213,744
Asia:
China	172,022		148,325		523,694		401,460
Other Asia	197,831		156,250		558,687		466,891
Total Asia	369,853		304,575		1,082,381		868,351
Europe, Middle East and Africa	158,194		142,983		479,268		431,660
Japan	57,700		47,609		170,342		148,086
Total	$	1,023,094	$	902,554	$	3,021,363	$	2,661,841

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

	As of
	September 30, 2023		December 31, 2022
	(In thousands)
Americas:
United States	$	364,932	$	347,822
Other Americas	10,169		7,548
Total Americas	375,101		355,370
Asia:
China	41,386		51,667
Other Asia	70,743		73,329
Total Asia	112,129		124,996
Europe, Middle East and Africa	51,291		56,959
Japan	2,820		4,505
Total	$	541,341	$	541,830