XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and Acquired Intangibles | 6 Months Ended
--- | ---
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND ACQUIRED INTANGIBLES | GOODWILL AND ACQUIRED INTANGIBLES Goodwill The changes in the carrying amount of goodwill during the six months ended June 27, 2020 were as follows:
| Gross Carrying Amount
| (In thousands)
Balance as of December 28, 2019 | $ | 661,856 |
Goodwill resulting from acquisitions | 119,357 |
Effect of foreign currency translation | (2,356) |
Balance as of June 27, 2020 | $ | 778,857 |
Acquired Intangibles, Net Acquired intangibles as of June 27, 2020 were as follows, excluding intangibles that were fully amortized as of December 28, 2019:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands) |  |  |  |
Existing technology | $ | 369,738 |  |  | $ | (207,374) |  |  | $ | 162,364 |
Agreements and relationships | 179,969 |  |  | (104,159) |  |  | 75,810 |
Tradenames, trademarks and patents | 10,590 |  |  | (6,221) |  |  | 4,369 |
Total acquired intangibles | $ | 560,297 |  |  | $ | (317,754) |  |  | $ | 242,543 |
During the six months ended June 27, 2020, Cadence completed the projects previously included in in-process technology and transferred $19.5 million to existing technology. Acquired intangibles as of December 28, 2019 were as follows, excluding intangibles that were fully amortized as of December 29, 2018:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands) |  |  |  |
Existing technology | $ | 363,142 |  |  | $ | (245,902) |  |  | $ | 117,240 |
Agreements and relationships | 146,395 |  |  | (112,565) |  |  | 33,830 |
Tradenames, trademarks and patents | 7,600 |  |  | (5,795) |  |  | 1,805 |
Total acquired intangibles with definite lives | 517,137 |  |  | (364,262) |  |  | 152,875 |
In-process technology | 19,500 |  |  | — |  |  | 19,500 |
Total acquired intangibles | $ | 536,637 |  |  | $ | (364,262) |  |  | $ | 172,375 |
Amortization expense from existing technology and maintenance agreements is included in cost of product and maintenance. Amortization of acquired intangibles for the three and six months ended June 27, 2020 and June 29, 2019 was as follows:
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 27, 2020 |  | June 29, 2019 |  | June 27, 2020 |  | June 29, 2019
| (In thousands) |  |  |  |  |  |
Cost of product and maintenance | $ | 11,484 |  |  | $ | 11,299 |  |  | $ | 22,344 |  |  | $ | 21,153 |
Amortization of acquired intangibles | 4,590 |  |  | 3,159 |  |  | 8,796 |  |  | 6,467 |
Total amortization of acquired intangibles | $ | 16,074 |  |  | $ | 14,458 |  |  | $ | 31,140 |  |  | $ | 27,620 |
Estimated amortization expense for acquired intangible assets with definite lives for the following five fiscal years and thereafter is as follows:
| (In thousands)
2020 - remaining period | $ | 32,963 |
2021 | 61,487 |
2022 | 43,181 |
2023 | 27,651 |
2024 | 26,188 |
Thereafter | 51,073 |
Total estimated amortization expense | $ | 242,543 |

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration