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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Gain (Loss) on Securities | The portion of gains and losses included in Cadence’s consolidated income statements related to equity securities still held at the end of the period were as follows:
| 2024 |  | 2023 |  | 2022
| (In thousands)
Net gains (losses) recognized on equity securities | $ | 49,653 |  |  | $ | 34,651 |  |  | $ | (5,336) |
Less: Net gains recognized on equity securities sold | (20,367) |  |  | (12,283) |  |  | — |
Net gains (losses) recognized on equity securities still held | $ | 29,286 |  |  | $ | 22,368 |  |  | $ | (5,336) |
Summary of available-for-sale securities | The following is a summary of Cadence’s available-for-sale debt securities recorded within prepaid expenses and other on its consolidated balance sheets:
| As of December 31, 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 | $ | 50,604 |  |  | $ | 230 |  |  | $ | (582) |  |  | $ | 50,252 |
Total available-for-sale securities | $ | 50,604 |  |  | $ | 230 |  |  | $ | (582) |  |  | $ | 50,252 |
| 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 |
Available-for-sale investments by contractual maturity | As of December 31, 2024, the fair values of available-for-sale debt securities, by remaining contractual maturity, were as follows:
| (In thousands)
Due within 1 year | $ | 569 |
Due after 1 year through 5 years | 9,294 |
Due after 5 years through 10 years | 17,882 |
Due after 10 years | 22,507 |
Total | $ | 50,252 |

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