Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Oct. 03, 2015

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 October 3, 2015 and January 3, 2015 were as follows:

	As of
	October 3, 2015		January 3, 2015
	(In thousands)
Cash and cash equivalents	$	616,091	$	932,161
Short-term investments	95,104		90,445
Cash, cash equivalents and short-term investments	$	711,195	$	1,022,606

Summary of cash and cash equivalents

The following table summarizes Cadence’s cash and cash equivalents at fair value as of October 3, 2015 and January 3, 2015:

	As of
	October 3, 2015		January 3, 2015
	(In thousands)
Cash and interest bearing deposits	$	214,788	$	203,665
Money market funds	401,303		728,496
Total cash and cash equivalents	$	616,091	$	932,161

Summary of short-term investments

The following tables summarize Cadence’s short-term investments as of October 3, 2015 and January 3, 2015:

	As of October 3, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	34,504	$	14	$	(16	)	$	34,502
Bank certificates of deposit	12,500		7		—			12,507
United States Treasury securities	36,880		100		—			36,980
United States government agency securities	6,154		2		—			6,156
Commercial paper	3,194		4		—			3,198
Marketable debt securities	93,232		127		(16		)	93,343
Marketable equity securities	1,817		—		(56		)	1,761
Total short-term investments	$	95,049	$	127	$	(72	)	$	95,104

	As of January 3, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	34,919	$	6	$	(31	)	$	34,894
Bank certificates of deposit	21,900		10		—			21,910
United States Treasury securities	19,375		12		(13		)	19,374
United States government agency securities	9,209		3		(4		)	9,208
Commercial paper	3,184		4		(2		)	3,186
Marketable debt securities	88,587		35		(50		)	88,572
Marketable equity securities	1,817		56		—			1,873
Total short-term investments	$	90,404	$	91	$	(50	)	$	90,445

Contractual maturity of marketable debt investments

The amortized cost and estimated fair value of marketable debt securities included in short-term investments as of October 3, 2015, 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	$	47,058	$	47,091
Due in one to three years	46,174		46,252
Total marketable debt securities included in short-term investments	$	93,232	$	93,343