XML 58 R47.htm IDEA: XBRL DOCUMENT
v3.23.2

Debt Credit Facility (Details Textual) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 03, 2021 | Jun. 30, 2023
Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, current borrowing capacity |  | $ 700.0
Credit facility additional borrowing capacity available |  | 350.0
Credit facility, maximum borrowing capacity |  | $ 1,050.0
Credit facility, maturity date |  | Jun. 30, 2026
Payment of debt issuance costs | $ 1.3 |
Credit facility, covenant, debt to EBITDA ratio after step up triggered by acquisition |  | 3.75
Credit facility, covenant, required business acquisition consideration, minimum |  | $ 250.0
Minimum [Member] | Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, commitment fee percentage |  | 0.07%
Credit facility, covenant, pro forma leverage ratio |  | 3.00
Maximum [Member] | Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, commitment fee percentage |  | 0.175%
Credit facility, covenant, pro forma leverage ratio |  | 3.50
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum [Member] | Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, interest rate spread |  | 0.75%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum [Member] | Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, interest rate spread |  | 1.25%
Term Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Debt instrument, basis spread on variable rate, additional interest |  | 0.10%
Base Rate [Member] | Minimum [Member] | Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, interest rate spread |  | 0.00%
Base Rate [Member] | Maximum [Member] | Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, interest rate spread |  | 0.25%
Revolving Credit Facility [Member] |  |
Line of Credit Facility [Line Items] |  |
Credit facility, covenant, debt to EBITDA ratio |  | 3.25

X
- Definition Debt Instrument, Basis Spread On Variable Rate, SOFR adjustment + References No definition available. + Details
Name: | cdns_DebtInstrumentBasisSpreadOnVariableRateSOFRAdjustment
Namespace Prefix: | cdns_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Debt to EBITDA Ratio + References No definition available. + Details
Name: | cdns_DebtInstrumentCovenantDebttoEBITDARatio
Namespace Prefix: | cdns_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Debt to EBITDA Ratio after step up triggered by acquisition + References No definition available. + Details
Name: | cdns_DebtInstrumentCovenantDebttoEBITDARatioafterstepuptriggeredbyacquisition
Namespace Prefix: | cdns_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Pro Forma Leverage Ratio + References No definition available. + Details
Name: | cdns_DebtInstrumentCovenantProFormaLeverageRatio
Namespace Prefix: | cdns_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Required Business Acquisition Consideration, Minimum + References No definition available. + Details
Name: | cdns_DebtInstrumentCovenantRequiredBusinessAcquisitionConsiderationMinimum
Namespace Prefix: | cdns_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line Of Credit Facility, Additional Borrowing Capacity Available + References No definition available. + Details
Name: | cdns_LineOfCreditFacilityAdditionalBorrowingCapacityAvailable
Namespace Prefix: | cdns_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Date the credit facility terminates, in YYYY-MM-DD format. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityExpirationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15 + Details
Name: | us-gaap_PaymentsOfDebtIssuanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=cdns_TermSecuredOvernightFinancingRateSOFRMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |