CADENCE DESIGN SYSTEMS, INC.Amendment No. Cadence adopted the new standard on December 29, 2019, the first day of fiscal 2020. The new standard is effective for fiscal years beginning after December 15, 2020. Amortization is recorded on a straight-line basis over the estimated useful life. Costs incurred during fiscal 2020, 2019 and 2018 were not material. If the project is abandoned rather than completed, the asset is written off. Cadence has options to terminate many of its leases early. These forward contracts generally have maturities of 90 days or less. In any fiscal year, between 85% and 90% of revenue is characterized as recurring revenue. Payments for IP contracts are generally received upon delivery of the IP. The credit facility expires on January 28, 2022 and has no subsidiary guarantors. Interest is payable in cash semi-annually in April and October. The potential decrease could be primarily driven by settlements with tax authorities. X101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document. 1 Q$ /P#]_"XF MD5\\;_E1%W$\'M_\\$?? All consolidated subsidiaries are wholly owned by Cadence. & The remainder of Cadence’s revenue is characterized as up-front revenue. Actual results could differ from those estimates. & Cadence expenses the costs of advertising as incurred.
