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Net Income Per Share (Tables)

3 Months Ended

Apr. 02, 2022

Earnings Per Share [Abstract]

Basic and diluted net income per share

The calculations for basic and diluted net income per share for the three months ended April 2, 2022 and April 3, 2021 are as follows:

									Three Months Ended
															April 2, 2022						April 3, 2021
															(In thousands, except per share amounts)
Net income															$	235,335					$	187,169
Weighted average common shares used to calculate basic net income per share															272,431						274,021
Stock-based awards															4,487						6,119
Weighted average common shares used to calculate diluted net income per share															276,918						280,140
Net income per share - basic															$	0.86					$	0.68
Net income per share - diluted															$	0.85					$	0.67

Potential shares of Cadence's common stock excluded

The following table presents shares of Cadence’s common stock outstanding for the three months ended April 2, 2022 and April 3, 2021 that were excluded from the computation of diluted net income per share because the effect of including these shares in the computation of diluted net income per share would have been anti-dilutive:

									Three Months Ended
															April 2, 2022						April 3, 2021
															(In thousands)
Long-term market-based awards															1,035						—
Options to purchase shares of common stock															663						138
Non-vested shares of restricted stock															82						58
Total potential common shares excluded															1,780						196

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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