XML 45 R30.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 29, 2018
Accounting Policies [Abstract] |
Summary of the effects of the adoption of Topic 606 | The following table summarizes the effects of adopting Topic 606 on Cadence’s consolidated balance sheet as of December 29, 2018:
| As reported under Topic 606 |  | Adjustments |  | Balances under Prior GAAP
| (In thousands)
Receivables, net | $ | 297,082 |  |  | $ | (12,099 | ) |  | $ | 284,983 |
Prepaid expenses and other | 92,550 |  |  | (10,055 | ) |  | 82,495 |
Long-term receivables | 5,972 |  |  | (623 | ) |  | 5,349 |
Other assets | 371,231 |  |  | (17,013 | ) |  | 354,218 |
Accounts payable and accrued liabilities* | 256,526 |  |  | (17,438 | ) |  | 239,088 |
Current portion of deferred revenue | 352,456 |  |  | 45,119 |  |  | 397,575 |
Long-term portion of deferred revenue | 48,718 |  |  | 17,637 |  |  | 66,355 |
Retained earnings | 772,709 |  |  | (86,120 | ) |  | 686,589 |
Accumulated other comprehensive loss | (24,780 | ) |  | 1,012 |  |  | (23,768 | )
_____________ * Cadence has certain arrangements under which consideration is received from customers prior to identifying the specific goods or services to be delivered under the contract. Cadence records an accrued liability on a contract-by-contract basis at the end of each reporting period for cash consideration received. The following table summarizes the effects of adopting Topic 606 on Cadence’s consolidated income statement for fiscal 2018:
| As reported under Topic 606 |  | Adjustments |  | Balances under Prior GAAP
| (In thousands, except per share amounts)
Product and maintenance revenue | $ | 1,997,887 |  |  | $ | 1,031 |  |  | $ | 1,998,918 |
Services revenue | 140,135 |  |  | 6,643 |  |  | 146,778 |
Cost of product and maintenance | 173,011 |  |  | 571 |  |  | 173,582 |
Marketing and sales expense | 439,669 |  |  | 3,947 |  |  | 443,616 |
Provision for income taxes | 30,613 |  |  | (2,364 | ) |  | 28,249 |
Net income | 345,777 |  |  | 5,520 |  |  | 351,297 |
Net income per share - basic | 1.26 |  |  | 0.02 |  |  | 1.28 |
Net income per share - diluted | 1.23 |  |  | 0.02 |  |  | 1.25 |
Cadence’s net cash provided by operating activities for fiscal 2018 did not change due to the adoption of Topic 606. The following table summarizes the effects of adopting Topic 606 on the financial statement line items of Cadence’s consolidated statement of cash flows for fiscal 2018:
| As reported under Topic 606 |  | Adjustments |  | Balances under Prior GAAP
| (In thousands)
Net income | $ | 345,777 |  |  | $ | 5,520 |  |  | $ | 351,297 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Deferred income taxes | (11,676 | ) |  | (2,213 | ) |  | (13,889 | )
Changes in operating assets and liabilities: |  |  |  |  |
Receivables | (87,083 | ) |  | (28,226 | ) |  | (115,309 | )
Prepaid expenses and other | (19,622 | ) |  | 5,968 |  |  | (13,654 | )
Other assets | (16,077 | ) |  | 3,461 |  |  | (12,616 | )
Accounts payable and accrued liabilities | 1,553 |  |  | 10,100 |  |  | 11,653 |
Deferred revenue | 100,696 |  |  | 5,390 |  |  | 106,086 |
Schedule of the cumulative effect adjustments to retained earnings | The following table presents the cumulative effect adjustments, net of income tax effects, to beginning retained earnings for new accounting standards adopted by Cadence on the first day of fiscal 2018:
| Retained Earnings
| (In thousands)
Balance, December 30, 2017, as previously reported | $ | 341,003 |
Cumulative effect adjustment from the adoption of new accounting standards: |
Revenue from Contracts with Customers (Topic 606)* | 91,640 |
Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities | 2,638 |
Income taxes (Topic 740): Intra-entity Transfers of Assets Other Than Inventory | (8,349 | )
Balance, December 30, 2017, as adjusted | 426,932 |
Net Income | 345,777 |
Balance, December 29, 2018 | $ | 772,709 |
Depreciation and amortization over the estimated useful lives, using the straight-line method | Depreciation and amortization are generally provided over the estimated useful lives, using the straight-line method, as follows:
Computer equipment and related software | 2-7 years
Buildings | 25-32 years
Leasehold improvements | Shorter of the lease term or the estimated useful life
Building improvements and land improvements | Estimated useful life up to 32 years
Furniture and fixtures | 3-5 years
Equipment | 3-5 years

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration