Fair Value (Tables)

6 Months Ended

Jul. 02, 2016

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The fair value of financial assets and liabilities was determined using the following levels of inputs as of July 2, 2016 and January 2, 2016:

	Fair Value Measurements as of July 2, 2016
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	387,641	$	387,641	$	—	$	—
Bank certificates of deposit	5,302		—		5,302		—
Commercial paper	1,999		—		1,999		—
Short-term investments:
Corporate debt securities	1,998		—		1,998		—
Bank certificates of deposit	6,753		—		6,753		—
United States Treasury securities	21,418		21,418		—		—
Commercial paper	1,498		—		1,498		—
Marketable equity securities	3,078		3,078		—		—
Trading securities held in Non-Qualified Deferred Compensation, or NQDC, trust	23,786		23,786		—		—
Total Assets	$	453,473	$	435,923	$	17,550	$	—
As of July 2, 2016, Cadence did not have any financial liabilities requiring a recurring fair value measurement.
	Fair Value Measurements as of January 2, 2016
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	360,691	$	360,691	$	—	$	—
Short-term investments:
Corporate debt securities	34,829		—		34,829		—
Bank certificates of deposit	15,046		—		15,046		—
United States Treasury securities	36,286		36,286		—		—
United States government agency securities	4,152		4,152		—		—
Commercial paper	1,993		—		1,993		—
Marketable equity securities	2,192		2,192		—		—
Trading securities held in NQDC trust	24,905		24,905		—		—
Total Assets	$	480,094	$	428,226	$	51,868	$	—
	Total		Level 1		Level 2		Level 3
	(In thousands)
Liabilities
Foreign currency exchange contracts	362		—		362		—
Total Liabilities	$	362	$	—	$	362	$	—