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INVESTMENTS (Tables)
 12 Months Ended
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:
202420232022
(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 CostGross Unrealized GainsGross Unrealized LossesEstimated
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 CostGross Unrealized GainsGross Unrealized LossesEstimated
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 years9,294 
Due after 5 years through 10 years17,882 
Due after 10 years22,507 
Total$50,252