Stock Repurchase Programs (Tables)

12 Months Ended

Dec. 31, 2023

Class of Stock Disclosures [Abstract]

Share repurchased and the total cost of shares repurchased

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during fiscal 2023, 2022 and 2021 were as follows:

	2023*		2022**		2021
	(In thousands)
Shares repurchased	3,145		6,602		4,401
Total cost of repurchased shares	$	700,134	$	1,050,091	$	612,297

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*Includes 276 thousand shares and $60 million equity forward contract from the June 2023 ASR settled in August 2023, and excludes $0.9 million of excise tax.

**Includes 109 thousand shares and $30 million equity forward contract from the June 2022 ASR settled in September 2022.