SEGMENT REPORTING

3 Months Ended

Mar. 31, 2024

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 months ended March 31, 2024 and March 31, 2023:

	Three Months Ended
	March 31, 2024		March 31, 2023
	(In thousands)
Americas:
United States	$	435,523	$	434,346
Other Americas	27,347		16,118
Total Americas	462,870		450,464
Asia:
China	117,229		177,556
Other Asia	208,531		183,962
Total Asia	325,760		361,518
Europe, Middle East and Africa	169,056		154,270
Japan	51,417		55,438
Total	$	1,009,103	$	1,021,690

The following table presents a summary of long-lived assets by geography as of March 31, 2024 and December 31, 2023:

	As of
	March 31, 2024		December 31, 2023
	(In thousands)
Americas:
United States	$	404,492	$	383,807
Other Americas	9,465		10,219
Total Americas	413,957		394,026
Asia:
China	27,949		29,598
Other Asia	84,454		71,365
Total Asia	112,403		100,963
Europe, Middle East and Africa	55,583		56,449
Japan	2,000		2,572
Total	$	583,943	$	554,010