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ACQUISITIONS (Tables) | 6 Months Ended
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Jun. 30, 2024
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The total purchase consideration was allocated to the assets acquired and liabilities assumed with Cadence’s acquisition of BETA CAE based on their respective fair values on the acquisition date as follows:
| Fair Value
| (In thousands)
Current assets | $ | 122,215 |
Goodwill | 827,212 |
Acquired intangibles | 345,000 |
Other long-term assets | 16,890 |
Total assets acquired | 1,311,317 |
Current liabilities | 41,175 |
Long-term liabilities | 40,907 |
Total liabilities assumed | 82,082 |
Total purchase consideration | $ | 1,229,235 |
The total purchase consideration was allocated to the assets acquired and liabilities assumed with Cadence’s acquisition of Invecas based on their respective fair values on the acquisition date as follows:
| Fair Value
| (In thousands)
Current assets | $ | 50,608 |
Goodwill | 42,480 |
Acquired intangibles | 15,500 |
Other long-term assets | 24,402 |
Total assets acquired | 132,990 |
Current liabilities | 17,114 |
Long-term liabilities | 20,635 |
Total liabilities assumed | 37,749 |
Total purchase consideration | $ | 95,241 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | Definite-lived intangible assets acquired with Cadence’s acquisition of BETA CAE were as follows:
| Fair Value |  | Weighted Average Amortization Period
| (In thousands) |  | (in years)
Existing technology | $ | 140,000 |  |  | 6.0 years
Agreements and relationships | 190,000 |  |  | 15.0 years
Tradenames, trademarks and patents | 15,000 |  |  | 7.0 years
Total acquired intangibles with definite lives | $ | 345,000 |  |  | 11.0 years

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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