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NET INCOME PER SHARE
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Basic net income per share is computed by dividing net income during the period by the weighted average number of shares of common stock outstanding during that period, less unvested restricted stock awards. Diluted net income per share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock method of accounting.
The calculations for basic and diluted net income per share for the three and nine months ended September 30, 2025 and September 30, 2024 are as follows:
 Three Months Ended Nine Months Ended
 September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024
 (In thousands, except per share amounts)
Net income$287,122 $238,111 $720,752 $715,274 
Weighted average common shares used to calculate basic net income per share271,152 272,244 271,471 270,925 
Stock-based awards2,646 1,714 1,969 2,754 
Weighted average common shares used to calculate diluted net income per share273,798 273,958 273,440 273,679 
Net income per share - basic$1.06 $0.87 $2.65 $2.64 
Net income per share - diluted$1.05 $0.87 $2.64 $2.61 
The following table presents shares of Cadence’s common stock outstanding for the three and nine months ended September 30, 2025 and September 30, 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 Nine Months Ended
 September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024
 (In thousands)
Market-based awards
1,501 — 1,053 — 
Options to purchase shares of common stock197 234 212 174 
Non-vested shares of restricted stock18 1,007 77 339 
Total potential common shares excluded1,716 1,241 1,342 513