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STOCK REPURCHASE PROGRAM
9 Months Ended
Sep. 30, 2025
Class of Stock Disclosures [Abstract]  
STOCK REPURCHASE PROGRAM STOCK REPURCHASE PROGRAM
In May 2025, Cadence’s Board of Directors increased the prior authorization to repurchase shares of Cadence common stock by authorizing an additional $1.5 billion. The actual timing and amount of repurchases are subject to business and market conditions, corporate and regulatory requirements, stock price, acquisition opportunities and other factors. As of September 30, 2025, $1.6 billion of Cadence’s share repurchase authorization remained available to repurchase shares of Cadence common stock.
The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during the three and nine months ended September 30, 2025 and September 30, 2024 were as follows:
Three Months Ended Nine Months Ended
September 30,
2025
September 30,
2024
September 30,
2025
September 30,
2024
(In thousands)
Shares repurchased584 563 2,552 1,411 
Total cost of repurchased shares$200,009 $150,008 $725,025 $400,018