XML 44 R25.htm IDEA: XBRL DOCUMENT
v3.25.0.1

LEASES | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Lessee, Operating Leases | LEASES Operating lease expense, which includes immaterial amounts of short-term leases, variable lease costs and sublease income, was as follows during fiscal 2024, 2023 and 2022:
| 2024 |  | 2023 |  | 2022
| (In thousands)
Operating lease expense | $ | 61,827 |  |  | $ | 56,805 |  |  | $ | 49,165 |
Additional activity related to Cadence’s leases during fiscal 2024, 2023 and 2022 was as follows:
| 2024 |  | 2023 |  | 2022
| (In thousands) |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 49,978 |  |  | $ | 46,069 |  |  | $ | 34,334 |
ROU assets obtained in exchange for operating lease obligations | 42,614 |  |  | 32,597 |  |  | 83,758 |
ROU lease assets and lease liabilities for Cadence’s operating leases were recorded in the consolidated balance sheets as follows:
| As of
| December 31, 2024 |  | December 31, 2023
| (In thousands)
Other assets | $ | 146,190 |  |  | $ | 150,797 |
Accounts payable and accrued liabilities | 41,554 |  |  | 41,619 |
Other long-term liabilities | 108,893 |  |  | 115,358 |
Total lease liabilities | $ | 150,447 |  |  | $ | 156,977 |
Weighted average remaining lease term (in years) | 5.3 |  | 5.7
Weighted average discount rate | 4 | % |  | 4 | %
Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of December 31, 2024, for the following five fiscal years and thereafter were as follows:
| Operating |  |  |  |
| Leases |  |  |  |
| (In thousands)
2025 | $ | 45,456 |  |  |  |  |
2026 | 36,750 |  |  |  |  |
2027 | 23,178 |  |  |  |  |
2028 | 19,048 |  |  |  |  |
2029 | 15,136 |  |  |  |  |
Thereafter | 29,783 |  |  |  |  |
Total future lease payments | 169,351 |  |  |  |  |
Less imputed interest | (18,904) |  |  |  |  |
Total lease liability balance | $ | 150,447 |  |  |  |  |
As of December 31, 2024, Cadence had additional operating lease obligations of approximately $4.2 million for facility leases that will commence in 2025.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration