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INVESTMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
Gain (Loss) on Securities | The portion of gains and losses included in Cadence’s condensed consolidated income statements related to equity securities still held at the end of the period were as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
| (In thousands)
Net gains (losses) recognized on equity securities | $ | 25,351 |  |  | $ | (647) |  |  | $ | 80,749 |  |  | $ | (525) |
Less: Net gains (losses) recognized on equity securities sold | — |  |  | — |  |  | (20,367) |  |  | — |
Net gains (losses) recognized on equity securities still held | $ | 25,351 |  |  | $ | (647) |  |  | $ | 60,382 |  |  | $ | (525) |
Unrealized Gain (Loss) on Investments | The following is a summary of Cadence’s available-for-sale debt securities recorded within prepaid expenses and other on its condensed consolidated balance sheets:
| As of June 30, 2024
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In thousands)
Available-for-sale debt securities |
Mortgage-backed and asset-backed securities | $ | 50,624 |  |  | $ | 165 |  |  | $ | (612) |  |  | $ | 50,177 |
Total available-for-sale securities | $ | 50,624 |  |  | $ | 165 |  |  | $ | (612) |  |  | $ | 50,177 |
| As of December 31, 2023
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (In thousands)
Available-for-sale debt securities |
Mortgage-backed and asset-backed securities | $ | 49,653 |  |  | $ | 375 |  |  | $ | (243) |  |  | $ | 49,785 |
Total available-for-sale securities | $ | 49,653 |  |  | $ | 375 |  |  | $ | (243) |  |  | $ | 49,785 |
Investments Classified by Contractual Maturity Date | As of June 30, 2024, the fair values of available-for-sale debt securities, by remaining contractual maturity, were as follows:
| (In thousands)
Due within 1 year | $ | — |
Due after 1 year through 5 years | 11,227 |
Due after 5 years through 10 years | 15,827 |
Due after 10 years | 23,123 |
Total | $ | 50,177 |

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- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
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