Stock Repurchase Program

9 Months Ended

Sep. 30, 2017

Class of Stock Disclosures [Abstract]

In January 2017, Cadence’s Board of Directors authorized the repurchase of shares of Cadence’s common stock with a value of up to $525.0 million in the aggregate. The actual timing and amount of repurchases are subject to business and market conditions, corporate and regulatory requirements, acquisition opportunities and other factors. As of September 30, 2017, $475.0 million remained available to repurchase shares of our common stock under the current authorization.

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during the three and nine months ended September 30, 2017 and October 1, 2016 were as follows:



	Three Months Ended				Nine Months Ended
	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
	(In thousands)
Shares repurchased	1,331		9,596		1,331		31,177
Total cost of repurchased shares	$	50,013	$	240,096	$	50,013	$	720,196