Cash, Cash Equivalents and Investments (Tables)

3 Months Ended

Apr. 02, 2016

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 April 2, 2016 and January 2, 2016 were as follows:

	As of
	April 2, 2016		January 2, 2016
	(In thousands)
Cash and cash equivalents	$	810,400	$	616,686
Short-term investments	96,317		94,498
Cash, cash equivalents and short-term investments	$	906,717	$	711,184

Summary of cash and cash equivalents

The following table summarizes Cadence’s cash and cash equivalents at fair value as of April 2, 2016 and January 2, 2016:

	As of
	April 2, 2016		January 2, 2016
	(In thousands)
Cash and interest bearing deposits	$	330,253	$	255,995
Money market funds	480,147		360,691
Total cash and cash equivalents	$	810,400	$	616,686

Summary of short-term investments

The following tables summarize Cadence’s short-term investments as of April 2, 2016 and January 2, 2016:

	As of April 2, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	30,590	$	15	$	(13	)	$	30,592
Bank certificates of deposit	14,549		3		(4		)	14,548
United States Treasury securities	46,291		32		(3		)	46,320
Commercial paper	1,494		—		—			1,494
Marketable debt securities	92,924		50		(20		)	92,954
Marketable equity securities	2,319		1,098		(54		)	3,363
Total short-term investments	$	95,243	$	1,148	$	(74	)	$	96,317

	As of January 2, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Corporate debt securities	$	34,905	$	1	$	(77	)	$	34,829
Bank certificates of deposit	15,049		1		(4		)	15,046
United States Treasury securities	36,372		2		(88		)	36,286
United States government agency securities	4,151		1		—			4,152
Commercial paper	1,993		—		—			1,993
Marketable debt securities	92,470		5		(169		)	92,306
Marketable equity securities	1,817		375		—			2,192
Total short-term investments	$	94,287	$	380	$	(169	)	$	94,498

Contractual maturity of marketable debt investments

The amortized cost and estimated fair value of marketable debt securities included in short-term investments as of April 2, 2016, 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	$	64,587	$	64,600
Due in one to three years	28,337		28,354
Total marketable debt securities included in short-term investments	$	92,924	$	92,954