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GOODWILL AND ACQUIRED INTANGIBLES
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND ACQUIRED INTANGIBLES GOODWILL AND ACQUIRED INTANGIBLES
Goodwill
The changes in the carrying amount of goodwill during the six months ended June 30, 2024 were as follows:
 Gross Carrying
Amount
 (In thousands)
Balance as of December 31, 2023$1,535,845 
Goodwill resulting from acquisitions882,813 
Effect of foreign currency translation(911)
Balance as of June 30, 2024$2,417,747 
Acquired Intangibles, Net
Acquired intangibles as of June 30, 2024 were as follows:
Gross Carrying
Amount		Accumulated
Amortization		Acquired
Intangibles, Net
 (In thousands)
Existing technology$472,024 $(164,369)$307,655 
Agreements and relationships395,646 (62,747)332,899 
Tradenames, trademarks and patents28,940 (5,456)23,484 
Total acquired intangibles$896,610 $(232,572)$664,038 
During the six months ended June 30, 2024, Cadence completed certain projects previously included in in-process technology and transferred $6.8 million to existing technology.
Acquired intangibles as of December 31, 2023 were as follows:
Gross Carrying
Amount		Accumulated
Amortization		Acquired
Intangibles, Net
 (In thousands)
Existing technology$325,710 $(141,659)$184,051 
Agreements and relationships198,259 (61,395)136,864 
Tradenames, trademarks and patents13,460 (4,332)9,128 
Total acquired intangibles with definite lives$537,429 $(207,386)$330,043 
In-process technology6,800 — 6,800 
Total acquired intangibles$544,229 $(207,386)$336,843 
Amortization expense from existing technology and maintenance agreements is included in cost of product and maintenance. Amortization expense for the three and six months ended June 30, 2024 and June 30, 2023 by condensed consolidated income statement caption was as follows:
 Three Months Ended Six Months Ended
 June 30,
2024		June 30,
2023		June 30,
2024		June 30,
2023
 (In thousands)
Cost of product and maintenance$13,488 $10,618 $24,836 $20,878 
Amortization of acquired intangibles6,667 4,302 12,074 8,569 
Total amortization of acquired intangibles$20,155 $14,920 $36,910 $29,447 
As of June 30, 2024, the estimated amortization expense for intangible assets with definite lives was as follows for the following five fiscal years and thereafter:
 (In thousands)
2024 - remaining period$53,697 
202593,905 
202688,301 
202785,875 
202881,455 
202966,765 
Thereafter194,040 
Total estimated amortization expense$664,038