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Revenue (Tables) | 3 Months Ended
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Apr. 03, 2021
Revenue from Contract with Customer [Abstract] |
Revenue from external customers by product group | The following table shows the percentage of product and related maintenance revenue contributed by each of Cadence’s five product categories and services for the three months ended April 3, 2021 and March 28, 2020:
|  |  | Three Months Ended
|  |  |  |  | April 3, 2021 |  | March 28, 2020
Custom Integrated Circuit (“IC”) Design and Simulation |  |  |  |  | 23 | % |  | 25 | %
Digital IC Design and Signoff |  |  |  |  | 27 | % |  | 29 | %
Functional Verification, including Emulation and Prototyping Hardware* |  |  |  |  | 26 | % |  | 23 | %
Intellectual Property (“IP”) |  |  |  |  | 14 | % |  | 14 | %
System Design and Analysis |  |  |  |  | 10 | % |  | 9 | %
Total |  |  |  |  | 100 | % |  | 100 | %
_____________ * Includes immaterial amount of revenue accounted for under leasing arrangements.
Contract balances | Cadence’s contract balances as of April 3, 2021 and January 2, 2021 were as follows:
| As of
| April 3, 2021 |  | January 2, 2021
| (In thousands)
Contract assets | $ | 6,978 |  |  | $ | 9,709 |
Deferred revenue | 613,674 |  |  | 553,921 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
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