Cash, Cash Equivalents and Investments (Tables)

3 Months Ended

Mar. 30, 2013

Cash, Cash Equivalents and Investments [Abstract]

Summary of cash, cash equivalents and short-term investments

Cadence’s cash, cash equivalents and short-term investments at fair value as of March 30, 2013 and December 29, 2012 were as follows:

	As of
	March 30, 2013		December 29, 2012
	(In thousands)
Cash and cash equivalents	$	810,152	$	726,357
Short-term investments	100,992		100,704
Cash, cash equivalents and short-term investments	$	911,144	$	827,061

Summary of cash and cash equivalents

The following table summarizes Cadence’s cash and cash equivalents at fair value as of March 30, 2013 and December 29, 2012:

	As of
	March 30, 2013		December 29, 2012
	(In thousands)
Cash and interest bearing deposits	$	150,934	$	160,023
Money market funds	659,218		566,334
Total cash and cash equivalents	$	810,152	$	726,357

Summary of short-term investments

The following tables summarize Cadence’s short-term investments as of March 30, 2013 and December 29, 2012:

	As of March 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	34,409	$	51	$	(7	)	$	34,453
Bank certificates of deposit	24,800		27		—			24,827
United States Treasury securities	21,198		27		—			21,225
United States government agency securities	14,231		15		—			14,246
Commercial paper	4,283		7		—			4,290
Marketable debt securities	98,921		127		(7		)	99,041
Marketable equity securities	1,817		134		—			1,951
Total short-term investments	$	100,738	$	261	$	(7	)	$	100,992

	As of December 29, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	31,313	$	57	$	(11	)	$	31,359
Bank certificates of deposit	27,805		21		—			27,826
United States Treasury securities	23,213		26		—			23,239
United States government agency securities	10,245		13		—			10,258
Commercial paper	5,777		6		—			5,783
Marketable debt securities	98,353		123		(11		)	98,465
Marketable equity securities	1,817		422		—			2,239
Total short-term investments	$	100,170	$	545	$	(11	)	$	100,704

Contractual maturity of marketable debt investments

The amortized cost and estimated fair value of marketable debt securities included in short-term investments as of March 30, 2013, by contractual maturity, are shown in the table below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties.

	Amortized Cost		Fair Value
	(In thousands)
Due in less than one year	$	34,718	$	34,777
Due in one to three years	64,203		64,264
Total marketable debt securities included in short-term investments	$	98,921	$	99,041

Carrying value of non-marketable securities

Cadence’s non-marketable investments as of March 30, 2013 and December 29, 2012 were as follows:

	As of
	March 30, 2013		December 29, 2012
	(In thousands)
Cost method	$	3,038	$	3,038
Equity method	3,932		4,249
Total non-marketable investments	$	6,970	$	7,287

Net realized gains on the sale of non-marketable investments

Net realized gains on the sale of non-marketable investments during the three months ended March 30, 2013 and March 31, 2012 were as follows:

	Three Months Ended
	March 30, 2013		March 31, 2012
	(In thousands)
Gains on sale of non-marketable investments	$	1,190	$	—