Stock Repurchase Program

3 Months Ended

Mar. 31, 2018

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 March 31, 2018, $375.0 million remained available to repurchase shares of Cadence 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 months ended March 31, 2018 and April 1, 2017 were as follows:



	Three Months Ended
	March 31, 2018		April 1, 2017
	(In thousands)
Shares repurchased	1,289		—
Total cost of repurchased shares	$	50,013	$	—