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NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Basic and diluted net income per share

The calculations for basic and diluted net income per share for the three months ended March 31, 2025 and March 31, 2024 are as follows:

									Three Months Ended
															March 31, 2025						March 31, 2024
															(In thousands, except per share amounts)
Net income															$	273,579					$	247,643
Weighted average common shares used to calculate basic net income per share															271,973						269,606
Stock-based awards															1,658						3,938
Weighted average common shares used to calculate diluted net income per share															273,631						273,544
Net income per share - basic															$	1.01					$	0.92
Net income per share - diluted															$	1.00					$	0.91

Potential shares of Cadence's common stock excluded

The following table presents shares of Cadence’s common stock outstanding for the three months ended March 31, 2025 and March 31, 2024 that were excluded from the computation of diluted net income per share because the effect of including these shares in the computation of diluted net income per share would have been anti-dilutive:

									Three Months Ended
															March 31, 2025						March 31, 2024
															(In thousands)
Market-based awards															187						—
Options to purchase shares of common stock															234						59
Non-vested shares of restricted stock															190						8
Total potential common shares excluded															611						67

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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