Segment Reporting

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Segment reporting is based on the “management approach,” following the method that management organizes the company’s reportable segments for which separate financial information is made available to, and evaluated regularly by, the chief operating decision maker in allocating resources and in assessing performance. Cadence’s chief operating decision maker is its CEO, who reviews Cadence’s consolidated results as one operating segment. In making operating decisions, the CEO primarily considers consolidated financial information, accompanied by disaggregated information about revenues by geographic region.

Outside the United States, Cadence markets and supports its products and services primarily through its subsidiaries. Revenue is attributed to geography based upon the country in which the product is used, or services are delivered. Long-lived assets are attributed to geography based on the country where the assets are located.

The following table presents a summary of revenue by geography for fiscal 2022, 2021 and 2020:

	2022		2021		2020
	(In thousands)
Americas:
United States	$	1,577,881	$	1,292,980	$	1,096,263
Other Americas	53,123		42,141		43,652
Total Americas	1,631,004		1,335,121		1,139,915
Asia:
China	521,509		378,160		406,645
Other Asia	629,533		566,772		487,362
Total Asia	1,151,042		944,932		894,007
Europe, Middle East and Africa	582,350		523,390		469,804
Japan	197,322		184,801		179,165
Total	$	3,561,718	$	2,988,244	$	2,682,891

The following table presents a summary of long-lived assets by geography as of December 31, 2022, January 1, 2022 and January 2, 2021: 

	As of
	December 31, 2022		January 1, 2022		January 2, 2021
	(In thousands)
Americas:
United States	$	347,822	$	267,202	$	275,651
Other Americas	7,548		975		1,442
Total Americas	355,370		268,177		277,093
Asia:
China	51,667		56,403		61,199
Other Asia	73,329		54,677		47,073
Total Asia	124,996		111,080		108,272
Europe, Middle East and Africa	56,959		53,748		53,472
Japan	4,505		3,030		5,642
Total	$	541,830	$	436,035	$	444,479