ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2025

Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Cadence’s accumulated other comprehensive income (loss) is comprised of the aggregate impact of foreign currency translation gains and losses, changes in defined benefit plan liabilities, unrealized losses on derivatives designated as hedging instruments and unrealized gains and losses on available-for-sale debt securities, and is presented in Cadence’s condensed consolidated statements of comprehensive income.

Accumulated other comprehensive income (loss) was comprised of the following as of June 30, 2025 and December 31, 2024:


	As of
	June 30, 2025		December 31, 2024
	(In thousands)
Foreign currency translation gains (losses)	$	34,305	$	(178,611)
Changes in defined benefit plan liabilities	(4,053)		(4,447)
Unrealized losses on derivatives designated as hedging instruments	(6,646)		(7,038)
Unrealized gains (losses) on available-for-sale debt securities	366		(352)
Total accumulated other comprehensive income (loss)	$	23,972	$	(190,448)

For the three and six months ended June 30, 2025 and June 30, 2024, there were no significant amounts reclassified from accumulated other comprehensive income (loss) to net income.

CADENCE DESIGN SYSTEMS INC 10-Q