Stock Repurchase Programs

12 Months Ended

Jan. 02, 2016

In July 2015, Cadence’s Board of Directors approved an 18-month plan to repurchase shares of Cadence common stock of up to an aggregate of $1.2 billion, beginning in the third quarter of fiscal 2015. The actual timing and amount of repurchases are subject to business and market conditions, corporate and regulatory requirements, acquisition opportunities and other factors. The stock repurchase program may be suspended, modified or discontinued at any time.

Total repurchase authorizations that remained in effect as of January 2, 2016 were as follows:



Authorization Date	Amount		Remaining Authorization
	(In thousands)
February 2008	$	500,000	$	—
August 2008	500,000		381,083
July 2015	578,804		578,804
Total remaining authorization			$	959,887

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during fiscal 2015, 2014 and 2013 were as follows:



	2015		2014		2013
	(In thousands)
Shares repurchased	16,255		5,856		—
Total cost of repurchased shares	$	333,189	$	100,117	$	—