DEBT (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of debt outstanding

Cadence’s outstanding debt was as follows:

	March 31, 2024						December 31, 2023
	(In thousands)
	Principal		Unamortized Discount		Carrying Value		Principal		Unamortized Discount		Carrying Value
2024 Notes	$	350,000	$	(493)	$	349,507	$	350,000	$	(715)	$	349,285
2025 Term Loan	300,000		(195)		299,805		300,000		(229)		299,771
Total outstanding debt	$	650,000	$	(688)	$	649,312	$	650,000	$	(944)	$	649,056