Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

Cadence’s accumulated other comprehensive loss is comprised of the aggregate impact of foreign currency translation gains and losses, changes in defined benefit plan liabilities and unrealized gains and losses on investments and is presented in Cadence’s consolidated statements of comprehensive income.

Accumulated other comprehensive loss was comprised of the following as of December 31, 2023, and December 31, 2022:

	As of
	December 31, 2023		December 31, 2022
	(In thousands)
Foreign currency translation loss	$	(90,678)	$	(85,863)
Changes in defined benefit plan liabilities	(4,208)		(5,774)
Unrealized gains on investments	132		—
Total accumulated other comprehensive loss	$	(94,754)	$	(91,637)

For fiscal 2023, 2022 and 2021, there were no significant amounts related to foreign currency translation loss or changes in defined benefit plan liabilities reclassified to net income from accumulated other comprehensive loss.