XML 47 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt Credit Facility (Details Textual)
9 Months Ended
Oct. 01, 2016
USD ($)
Jan. 02, 2016
USD ($)
Line of Credit Facility [Line Items]    
Outstanding borrowings under revolving credit facility $ 50,000,000 $ 0
Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Credit facility, interest rate description Interest accrues on borrowings under the credit facility at either LIBOR plus a margin between 1.25% and 2.0% per annum or at the base rate plus a margin between 0.25% and 1.0% per annum. The interest rate applied to borrowings is determined by Cadence’s consolidated leverage ratio as specified by the credit facility agreement. Interest is payable quarterly.  
Credit facility, maturity date Sep. 19, 2019  
Outstanding borrowings under revolving credit facility $ 50,000,000 $ 0
Credit facility, current borrowing capacity 250,000,000  
Credit facility additional borrowing capacity available 150,000,000  
Credit facility, maximum borrowing capacity $ 400,000,000  
Credit facility, interest rate at period end 2.16%  
Credit facility, covenant description The credit facility contains customary negative covenants that, among other things, restrict Cadence’s ability to incur additional indebtedness, grant liens, make certain investments (including acquisitions), dispose of certain assets and make certain payments, including share repurchases and dividends. In addition, the credit facility contains financial covenants that require Cadence to maintain a leverage ratio not to exceed 2.75 to 1, and a minimum interest coverage ratio of 3 to 1.  
Credit facility, covenant compliance Cadence was in compliance with all financial covenants as of October 1, 2016 and January 2, 2016.  
Maximum [Member] | Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Credit facility, commitment fee percentage 0.35%  
Minimum [Member] | Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Credit facility, commitment fee percentage 0.20%  
Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Debt Instrument, Covenant, Pro Forma Leverage Ratio 2.75  
Debt Instrument, Covenant, Debt to EBITDA Ratio 3  
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Credit facility, interest rate spread 2.00%  
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Credit facility, interest rate spread 1.25%  
Base Rate [Member] | Maximum [Member] | Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Credit facility, interest rate spread 1.00%  
Base Rate [Member] | Minimum [Member] | Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Credit facility, interest rate spread 0.25%