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Fair Value (Tables)
 9 Months Ended
Sep. 28, 2013
Fair Value Disclosures [Abstract]  
Fair value of financial assets and liabilities
On a quarterly basis, Cadence measures at fair value certain financial assets and liabilities. The fair value of financial assets and liabilities was determined using the following levels of inputs as of September 28, 2013 and December 29, 2012:
 
 
Fair Value Measurements as of September 28, 2013:
  
Total
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
475,563

 
$
475,563

 
$
—

 
$
—

Bank certificates of deposit
1,000

 
—

 
1,000

 
—

Short-term investments:

 
 
 
 
 
 
Corporate debt securities
36,878

 
—

 
36,878

 
—

Bank certificates of deposit
18,313

 
—

 
18,313

 
—

United States Treasury securities
24,738

 
24,738

 
—

 
—

United States government agency securities
11,227

 
11,227

 
—

 
—

Commercial paper
2,797

 
—

 
2,797

 
—

Marketable equity securities
2,066

 
2,066

 
—

 
—

Trading securities held in Non-Qualified Deferred Compensation, or NQDC, trust
22,339

 
22,339

 
—

 
—

2015 Notes Hedges
292,511

 
—

 
292,511

 
—

Foreign currency exchange contracts
1,662

 
—

 
1,662

 
—

Total Assets
$
889,094

 
$
535,933

 
$
353,161

 
$
—

 
 
 
 
 
 
 
 
  
Total
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Liabilities
 
Acquisition-related contingent consideration
$
3,835

 
$
—

 
$
—

 
$
3,835

2015 Notes Embedded Conversion Derivative
292,511

 
—

 
292,511

 
—

Total Liabilities
$
296,346

 
$
—

 
$
292,511

 
$
3,835

 
 
 
 
 
 
 
 
 
Fair Value Measurements as of December 29, 2012:
  
Total
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets
 
Cash equivalents:


 
 
 
 
 
 
Money market funds
$
566,334

 
$
566,334

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Corporate debt securities
31,359

 
—

 
31,359

 
—

Bank certificates of deposit
27,826

 
—

 
27,826

 
—

United States Treasury securities
23,239

 
23,239

 
—

 
—

United States government agency securities
10,258

 
10,258

 
—

 
—

Commercial paper
5,783

 
—

 
5,783

 
—

Marketable equity securities
2,239

 
2,239

 
—

 
—

Trading securities held in NQDC trust
24,329

 
24,329

 
—

 
—

2015 Notes Hedges
303,154

 
—

 
303,154

 
—

Foreign currency exchange contracts
1,737

 
—

 
1,737

 
—

Total Assets
$
996,258

 
$
626,399

 
$
369,859

 
$
—

 
 
 
 
 
 
 
 
  
Total
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Liabilities
 
Acquisition-related contingent consideration
$
4,218

 
$
—

 
$
—

 
$
4,218

2015 Notes Embedded Conversion Derivative
303,154

 
—

 
303,154

 
—

Total Liabilities
$
307,372

 
$
—

 
$
303,154

 
$
4,218
Liabilities included in level 3 representing fair value of contingent consideration associated with acquisitions
The following table summarizes the level 3 activity for the nine months ended September 28, 2013:
 
 
(In thousands)
Balance as of December 29, 2012
$
4,218

Payments
(835
)
Adjustments
452

Balance as of September 28, 2013
$
3,835