Stock Repurchase Programs

12 Months Ended

Dec. 31, 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. This plan concluded in the fourth quarter of fiscal 2016. As of December 31, 2016, there were no remaining authorizations to repurchase shares of our common stock.

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during fiscal 2016, 2015 and 2014 were as follows:



	2016		2015		2014
	(In thousands)
Shares repurchased	40,493		16,255		5,856
Total cost of repurchased shares	$	960,289	$	333,189	$	100,117