Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Summary of debt outstanding

Cadence’s outstanding debt as of September 30, 2023 and December 31, 2022 was as follows:

	September 30, 2023						December 31, 2022
	(In thousands)
	Principal		Unamortized Discount		Carrying Value		Principal		Unamortized Discount		Carrying Value
Revolving Credit Facility	$	—	$	—	$	—	$	100,000	$	—	$	100,000
2024 Notes	350,000		(936)		349,064		350,000		(1,581)		348,419
2025 Term Loan	300,000		(263)		299,737		300,000		(341)		299,659
Total outstanding debt	$	650,000	$	(1,199)	$	648,801	$	750,000	$	(1,922)	$	748,078