Fair Value (Tables)

6 Months Ended

Jul. 01, 2017

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 1, 2017 and December 31, 2016:

	Fair Value Measurements as of July 1, 2017
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	447,890	$	447,890	$	—	$	—
Short-term investments:
Marketable equity securities	3,229		3,229		—		—
Trading securities held in Non-Qualified Deferred Compensation, or NQDC, trust	27,570		27,570		—		—
Foreign currency exchange contracts	934		—		934		—
Total Assets	$	479,623	$	478,689	$	934	$	—
As of July 1, 2017, Cadence did not have any financial liabilities requiring a recurring fair value measurement.

	Fair Value Measurements as of December 31, 2016
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	237,724	$	237,724	$	—	$	—
Short-term investments:
Marketable equity securities	3,057		3,057		—		—
Trading securities held in NQDC trust	26,622		26,622		—		—
Total Assets	$	267,403	$	267,403	$	—	$	—
	Total		Level 1		Level 2		Level 3
	(In thousands)
Liabilities
Foreign currency exchange contracts	$	2,653	$	—	$	2,653	$	—