XML 69 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Operating lease expense
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:
202420232022
(In thousands)
Operating lease expense$61,827 $56,805 $49,165 
Schedule of supplemental balance sheet information related to leases
Additional activity related to Cadence’s leases during fiscal 2024, 2023 and 2022 was as follows:
202420232022
(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 obligations42,614 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 liabilities41,554 41,619 
Other long-term liabilities108,893 115,358 
Total lease liabilities$150,447 $156,977 
Weighted average remaining lease term (in years)5.35.7
Weighted average discount rate4 %4 %
Table of lease liability maturity
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 
202636,750 
202723,178 
202819,048 
202915,136 
Thereafter29,783 
Total future lease payments169,351 
Less imputed interest(18,904)
Total lease liability balance$150,447