Cash, Cash Equivalents and Investments (Tables)

6 Months Ended

Jul. 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 July 2, 2016 and January 2, 2016 were as follows:

	As of
	July 2, 2016		January 2, 2016
	(In thousands)
Cash and cash equivalents	$	669,573	$	616,686
Short-term investments	34,745		94,498
Cash, cash equivalents and short-term investments	$	704,318	$	711,184

Summary of cash and cash equivalents

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

	As of
	July 2, 2016		January 2, 2016
	(In thousands)
Cash and interest bearing deposits	$	274,631	$	255,995
Money market funds	387,641		360,691
Commercial paper	1,999		—
Bank certificates of deposit	5,302		—
Total cash and cash equivalents	$	669,573	$	616,686

Summary of short-term investments

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

	As of July 2, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Corporate debt securities	$	1,998	$	—	$	—	$	1,998
Bank certificates of deposit	6,750		3		—		6,753
United States Treasury securities	21,411		7		—		21,418
Commercial paper	1,497		1		—		1,498
Marketable debt securities	31,656		11		—		31,667
Marketable equity securities	2,319		759		—		3,078
Total short-term investments	$	33,975	$	770	$	—	$	34,745

The marketable debt securities included in short-term investments as of July 2, 2016 have contractual maturities of less than one year. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties.

	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