Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Sep. 27, 2014

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 September 27, 2014 and December 28, 2013 were as follows:

	As of
	September 27, 2014		December 28, 2013
	(In thousands)
Cash and cash equivalents	$	500,483	$	536,260
Short-term investments	94,970		96,788
Cash, cash equivalents and short-term investments	$	595,453	$	633,048

Summary of cash and cash equivalents

The following table summarizes Cadence’s cash and cash equivalents at fair value as of September 27, 2014 and December 28, 2013:

	As of
	September 27, 2014		December 28, 2013
	(In thousands)
Cash and interest bearing deposits	$	203,628	$	188,088
Money market funds	296,855		345,872
Bank certificates of deposit	—		2,300
Total cash and cash equivalents	$	500,483	$	536,260

Summary of short-term investments

The following tables summarize Cadence’s short-term investments as of September 27, 2014 and December 28, 2013:

	As of September 27, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	36,724	$	18	$	(17	)	$	36,725
Bank certificates of deposit	25,900		7		(1		)	25,906
United States Treasury securities	19,644		17		(6		)	19,655
United States government agency securities	8,349		8		—			8,357
Commercial paper	1,994		1		—			1,995
Marketable debt securities	92,611		51		(24		)	92,638
Marketable equity securities	1,817		515		—			2,332
Total short-term investments	$	94,428	$	566	$	(24	)	$	94,970

	As of December 28, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	37,422	$	30	$	(11	)	$	37,441
Bank certificates of deposit	20,300		9		(1		)	20,308
United States Treasury securities	24,219		28		(1		)	24,246
United States government agency securities	10,212		11		—			10,223
Commercial paper	2,492		1		—			2,493
Marketable debt securities	94,645		79		(13		)	94,711
Marketable equity securities	1,817		260		—			2,077
Total short-term investments	$	96,462	$	339	$	(13	)	$	96,788

Contractual maturity of marketable debt investments

The amortized cost and estimated fair value of marketable debt securities included in short-term investments as of September 27, 2014, 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	$	52,401	$	52,423
Due in one to three years	40,210		40,215
Total marketable debt securities included in short-term investments	$	92,611	$	92,638

Carrying value of non-marketable securities

Cadence’s non-marketable investments as of September 27, 2014 and December 28, 2013 were as follows:

	As of
	September 27, 2014		December 28, 2013
	(In thousands)
Cost method	$	1,081	$	3,038
Equity method	5,091		3,639
Total non-marketable investments	$	6,172	$	6,677