What is Cadence Design Systems's unrecognized tax benefits prior period decreases?

Cadence Design Systems (CDNS) reported unrecognized tax benefits prior period decreases of $350.25K in Q4 2023.

Unrecognized Tax Benefits Prior Period Decreases

Cadence Design Systems Unrecognized Tax Benefits Prior Period Decreases remained flat by 0.0% to $350.25K in Q4 2023 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementIncome Statement

SectionTax

CategoryRisk

SignalHigher is better

VolatilityModerate

First reportedQ1 2014

Last reportedQ4 2025

How to read this metric

A decrease is generally positive, indicating that tax risks from prior years are being resolved or mitigated.

Detailed definition

This metric tracks the reduction in unrecognized tax benefits related to tax positions taken in prior periods. It reflec...

Peer comparison

Standard disclosure for companies resolving historical tax uncertainties.

Metric ID: is_adi_unrecognized_tax_benefits_prior_period_decreases

Historical Data

1 years

	FY'23
Value	$1.40M

Frequently Asked Questions

What is Cadence Design Systems's unrecognized tax benefits prior period decreases?: Cadence Design Systems (CDNS) reported unrecognized tax benefits prior period decreases of $350.25K in Q4 2023.
What does unrecognized tax benefits prior period decreases mean?: Reductions in tax reserves for previous years' uncertain tax positions.