STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-based compensation expense is reflected in Cadence’s condensed consolidated income statements for the three months ended March 31, 2024 and March 31, 2023 as follows:


	Three Months Ended
		March 31, 2024		March 31, 2023
		(In thousands)
Cost of product and maintenance		$	1,280	$	1,066
Cost of services		1,629		1,357
Marketing and sales		17,836		15,091
Research and development		53,637		44,322
General and administrative		13,747		12,452
Total stock-based compensation expense		$	88,129	$	74,288

Cadence had total unrecognized compensation expense related to stock option and restricted stock grants of $567.5 million as of March 31, 2024, which will be recognized over a weighted average vesting period of 2.0 years.