Stock Repurchase Programs

3 Months Ended

Apr. 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 April 2, 2016 were as follows:



Authorization Date	Amount		Remaining Authorization
	(In thousands)
August 2008	$	500,000	141,083
July 2015	578,804		578,804
Total remaining authorization			$	719,887

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during the three months ended April 2, 2016 and April 4, 2015 were as follows:



	Three Months Ended
	April 2, 2016		April 4, 2015
	(In thousands)
Shares repurchased	11,556		2,001
Total cost of repurchased shares	$	240,000	$	36,797

For additional information regarding share repurchases, see the discussion under Part II, Item 2, “Unregistered Sales of Equity Securities and Use of Proceeds.”