XML 56 R36.htm IDEA: XBRL DOCUMENT v3.24.2

FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The fair value of financial assets and liabilities was determined using the following levels of inputs as of June 30, 2024 and December 31, 2023:

			Fair Value Measurements as of June 30, 2024
			Total						Level 1						Level 2						Level 3
			(In thousands)
Assets
Cash equivalents:
Money market funds			$	403,454					$	403,454					$	—					$	—
Marketable securities:
Marketable equity securities			119,551						119,551						—						—
Mortgage-backed and asset-backed securities			50,177						—						50,177						—
Securities held in NQDC trust			85,295						85,295						—						—
Total Assets			$	658,477					$	608,300					$	50,177					$	—
			Total						Level 1						Level 2						Level 3
			(In thousands)
Liabilities
Foreign currency exchange contracts			$	11					$	—					$	11					$	—
Total Liabilities			$	11					$	—					$	11					$	—

			Fair Value Measurements as of December 31, 2023
			Total						Level 1						Level 2						Level 3
			(In thousands)
Assets
Cash equivalents:
Money market funds			$	490,983					$	490,983					$	—					$	—
Marketable securities:
Marketable equity securities			80,575						80,575						—						—
Mortgage-backed and asset-backed securities			49,785						—						49,785						—
Securities held in NQDC trust			75,671						75,671						—						—
Foreign currency exchange contracts			9,327						—						9,327						—
Total Assets			$	706,341					$	647,229					$	59,112					$	—
As of December 31, 2023, Cadence did not have any financial liabilities requiring a recurring fair value measurement.

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration