What is Cadence Design Systems's prior year tax adjustments?

Cadence Design Systems (CDNS) reported prior year tax adjustments of $3.50M in Q4 2023.

What does prior year tax adjustments mean?

Corrections or updates to tax provisions made for previous years.

Discontinued — last reported Q4 '22

Cadence Design Systems Prior Year Tax Adjustments remained flat by 0.0% to $3.50M in Q4 2023 compared to the prior quarter.

StatementIncome Statement

SectionTax

CategoryRisk

SignalContext dependent

VolatilityModerate

First reportedQ1 2013

Last reportedQ4 2022

Frequent or large adjustments may indicate volatility in tax estimation processes or aggressive tax planning strategies.

Adjustments made to the current period's income tax provision to correct or update estimates from previous fiscal years....

Standard disclosure in the tax reconciliation note for most public companies.

Metric ID: is_cat_prior_year_tax_adjustments

1 years

	FY'23
Value	$14.00M

What is Cadence Design Systems's prior year tax adjustments?: Cadence Design Systems (CDNS) reported prior year tax adjustments of $3.50M in Q4 2023.
What does prior year tax adjustments mean?: Corrections or updates to tax provisions made for previous years.