Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Oct. 01, 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 October 1, 2016 and January 2, 2016 were as follows:

	As of
	October 1, 2016		January 2, 2016
	(In thousands)
Cash and cash equivalents	$	524,333	$	616,686
Short-term investments	8,503		94,498
Cash, cash equivalents and short-term investments	$	532,836	$	711,184

Summary of cash and cash equivalents

The following table summarizes Cadence’s cash and cash equivalents at fair value as of October 1, 2016 and January 2, 2016:

	As of
	October 1, 2016		January 2, 2016
	(In thousands)
Cash and interest bearing deposits	$	227,262	$	255,995
Money market funds	297,071		360,691
Total cash and cash equivalents	$	524,333	$	616,686

Summary of short-term investments

The following tables summarize Cadence’s short-term investments as of October 1, 2016 and January 2, 2016:

	As of October 1, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Corporate debt securities	$	400	$	—	$	—	$	400
Bank certificates of deposit	2,000		—		—		2,000
United States Treasury securities	2,000		—		—		2,000
Commercial paper	1,000		—		—		1,000
Marketable debt securities	5,400		—		—		5,400
Marketable equity securities	2,211		892		—		3,103
Total short-term investments	$	7,611	$	892	$	—	$	8,503

The marketable debt securities included in short-term investments as of October 1, 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