XML 31 R17.htm IDEA: XBRL DOCUMENT
v3.21.1

Goodwill and Acquired Intangibles | 12 Months Ended
--- | ---
Jan. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND ACQUIRED INTANGIBLES | GOODWILL AND ACQUIRED INTANGIBLES Goodwill The changes in the carrying amount of goodwill during fiscal 2020 and 2019 were as follows:
| Gross Carrying Amount
| (In thousands)
Balance as of December 29, 2018 | $ | 662,272 |
Effect of foreign currency translation | (416) |
Balance as of December 28, 2019 | 661,856 |
Goodwill resulting from acquisitions | 120,564 |
Effect of foreign currency translation | (333) |
Balance as of January 2, 2021 | $ | 782,087 |
Cadence completed its annual goodwill impairment test during the third quarter of fiscal 2020 and determined that the fair value of Cadence’s single reporting unit exceeded the carrying amount of its net assets and that no impairment existed. Acquired Intangibles, Net Acquired intangibles as of January 2, 2021 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 | $ | 370,838 |  |  | $ | (230,654) |  |  | $ | 140,184 |
Agreements and relationships | 180,023 |  |  | (113,629) |  |  | 66,394 |
Tradenames, trademarks and patents | 10,590 |  |  | (6,578) |  |  | 4,012 |
Total acquired intangibles with definite lives | 561,451 |  |  | (350,861) |  |  | 210,590 |
During fiscal 2020, Cadence completed certain 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 expense for fiscal 2020, 2019 and 2018, by consolidated income statement caption, was as follows:
| 2020 |  | 2019 |  | 2018
| (In thousands)
Cost of product and maintenance | $ | 46,184 |  |  | $ | 40,951 |  |  | $ | 39,247 |
Amortization of acquired intangibles | 18,009 |  |  | 12,128 |  |  | 14,086 |
Total amortization of acquired intangibles | $ | 64,193 |  |  | $ | 53,079 |  |  | $ | 53,333 |
As of January 2, 2021, the estimated amortization expense for intangible assets with definite lives was as follows for the following five fiscal years and thereafter:
| (In thousands)
2021 | $ | 61,706 |
2022 | 43,401 |
2023 | 27,870 |
2024 | 26,408 |
2025 | 15,767 |
Thereafter | 35,438 |
Total estimated amortization expense | $ | 210,590 |

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