XML 61 R35.htm IDEA: XBRL DOCUMENT
v3.25.1

FAIR VALUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024:
| Fair Value Measurements as of March 31, 2025
| Total |  | Level 1 |  | Level 2 |  | Level 3
| (In thousands)
Assets |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 1,963,812 |  |  | $ | 1,963,812 |  |  | $ | — |  |  | $ | — |
Marketable securities: |  |  |  |  |  |  |
Marketable equity securities | 78,706 |  |  | 78,706 |  |  | — |  |  | — |
Mortgage-backed and asset-backed securities | 51,001 |  |  | — |  |  | 51,001 |  |  | — |
Securities held in NQDC trust | 93,023 |  |  | 93,023 |  |  | — |  |  | — |
Foreign currency exchange contracts | 12,289 |  |  | — |  |  | 12,289 |  |  | — |
Total Assets | $ | 2,198,831 |  |  | $ | 2,135,541 |  |  | $ | 63,290 |  |  | $ | — |
As of March 31, 2025, Cadence did not have any financial liabilities requiring a recurring fair value measurement.
| Fair Value Measurements as of December 31, 2024
| Total |  | Level 1 |  | Level 2 |  | Level 3
| (In thousands)
Assets |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 1,700,084 |  |  | $ | 1,700,084 |  |  | $ | — |  |  | $ | — |
Marketable securities: |  |  |  |  |  |  |
Marketable equity securities | 90,374 |  |  | 90,374 |  |  | — |  |  | — |
Mortgage-backed and asset-backed securities | 50,252 |  |  | — |  |  | 50,252 |  |  | — |
Securities held in NQDC trust | 96,450 |  |  | 96,450 |  |  | — |  |  | — |
Total Assets | $ | 1,937,160 |  |  | $ | 1,886,908 |  |  | $ | 50,252 |  |  | $ | — |
| Total |  | Level 1 |  | Level 2 |  | Level 3
| (In thousands)
Liabilities |
Foreign currency exchange contracts | $ | 7,533 |  |  | $ | — |  |  | $ | 7,533 |  |  | $ | — |
Total Liabilities | $ | 7,533 |  |  | $ | — |  |  | $ | 7,533 |  |  | $ | — |

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/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration