ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The total purchase consideration was allocated to the assets acquired and liabilities assumed with Cadence’s acquisition of VLAB Works based on their respective fair values on the acquisition date as follows:

	Fair Value
	(In thousands)
Current assets	$	8,692
Goodwill	94,247
Acquired intangibles	27,700
Other long-term assets	1,495
Total assets acquired	132,134
Current liabilities	3,852
Long-term liabilities	898
Total liabilities assumed	4,750
Total purchase consideration	$	127,384

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Definite-lived intangible assets acquired with Cadence’s acquisition of VLAB Works were as follows:

	Fair Value		Weighted Average Amortization Period
	(In thousands)		(in years)
Existing technology	$	18,300	6.0 years
Agreements and relationships	9,000		7.0 years
Tradenames, trademarks and patents	400		3.0 years
Total acquired intangibles with definite lives	$	27,700	6.2 years