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OTHER INCOME AND EXPENSES | 3 Months Ended
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Mar. 31, 2024
Other Income and Expenses [Abstract] |
OTHER INCOME (EXPENSE), NET | OTHER INCOME, NET Cadence’s other income, net, for the three months ended March 31, 2024 and March 31, 2023 were as follows:
|  |  | Three Months Ended
|  |  |  |  | March 31, 2024 |  | March 31, 2023
|  |  |  |  | (In thousands)
Interest income |  |  |  |  | $ | 9,512 |  |  | $ | 6,373 |
Gains on investments |  |  |  |  | 55,394 |  |  | 123 |
Gains on securities in Non-Qualified Deferred Compensation (“NQDC”) trust |  |  |  |  | 4,588 |  |  | 3,150 |
Losses on foreign exchange |  |  |  |  | (331) |  |  | (1,043) |
Other expense, net |  |  |  |  | (384) |  |  | (319) |
Total other income, net |  |  |  |  | $ | 68,779 |  |  | $ | 8,284 |
For additional information relating to Cadence’s investments and the gains on investments, see Note 11 in the notes to condensed consolidated financial statements.

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- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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