Employee and Director Benefit Plans

12 Months Ended

Dec. 29, 2012

Compensation and Retirement Disclosure [Abstract]

Employee and Director Benefit Plans

EMPLOYEE AND DIRECTOR BENEFIT PLANS

Cadence maintains various defined contribution plans for its eligible U.S. and non-U.S. employees. For employees in the United States, Cadence maintains a 401(k) savings plan to provide retirement benefits through tax-deferred salary deductions and may make discretionary contributions, as determined by the Board of Directors, which cannot exceed a specified percentage of the annual aggregate salaries of those employees eligible to participate. Cadence's total contributions made to these plans during fiscal 2012, 2011 and 2010 were as follows:

	2012		2011		2010
	(In thousands)
Contributions to defined contribution plans	$	17,896	$	16,244	$	14,613

Executive Officers and Directors may also elect to defer compensation payable to them under Cadence's Nonqualified Deferred Compensation Plan, or NQDC. Deferred compensation payments are held in accounts with values indexed to the performance of selected investments. These investments are classified as trading securities in the consolidated balance sheets and gains and losses are recognized as income (expense) in the consolidated income statements. Net recognized gains (losses) of trading securities during fiscal 2012, 2011 and 2010 were as follows:

	2012		2011			2010
	(In thousands)
Trading securities	$	4,453	$	(472	)	$	2,623

Certain of Cadence's international subsidiaries sponsor defined benefit retirement plans. The unfunded projected benefit obligation for Cadence's defined benefit plans is recorded in other long-term liabilities in the consolidated balance sheets. The unfunded projected benefit obligation as of December 29, 2012, December 31, 2011 and January 1, 2011 were as follows:

	December 29, 2012		December 31, 2011		January 1, 2011
	(In thousands)
Unfunded projected benefit obligation	$	9,400	$	8,889	$	8,018

During fiscal 2010, Cadence recorded a $4.3 million net increase in the unfunded projected benefit obligation for these defined benefit plans with a corresponding decrease in accumulated other comprehensive income. Cadence recorded total expense related to these defined benefit plans during fiscal 2012, 2011 and 2010 as follows:

	2012		2011		2010
	(In thousands)
Expense related to defined benefit plans	$	1,580	$	2,175	$	1,832