Stock Repurchase Programs

9 Months Ended

Oct. 01, 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. As of October 1, 2016, the remaining amount authorized for the repurchase of shares was $240 million.

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during the three and nine months ended October 1, 2016 and October 3, 2015 were as follows:



	Three Months Ended				Nine Months Ended
	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
	(In thousands)
Shares repurchased	9,596		5,856		31,177		10,745
Total cost of repurchased shares	$	240,096	$	120,059	$	720,196	$	213,135

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