Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Cadence’s accumulated other comprehensive income (loss) is comprised of the aggregate impact of foreign currency translation gains and losses and changes in defined benefit plan liabilities and is presented in Cadence's condensed consolidated statements of comprehensive income. Aggregate changes in unrealized holding gains on available-for-sale securities net of reclassifications for realized gains and losses were also included through December 30, 2017.

On the first day of fiscal 2018, Cadence reclassified unrealized holding gains on available-for-sale securities to retained earnings in connection with the adoption of ASU 2016-1, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” For additional information regarding the adoption of this accounting standard, refer to Note 1 under the heading “Recently Adopted Accounting Standards.”

Accumulated other comprehensive income (loss) was comprised of the following as of March 31, 2018 and December 30, 2017:

	As of
	March 31, 2018			December 30, 2017
	(In thousands)
Foreign currency translation gain (loss)	$	9,082		$	(2,976	)
Changes in defined benefit plan liabilities	(3,142		)	(3,292		)
Unrealized holding gains on available-for-sale securities	—			2,638
Total accumulated other comprehensive income (loss)	$	5,940		$	(3,630	)

For the three months ended March 31, 2018 and April 1, 2017 there were no significant amounts reclassified from accumulated other comprehensive income (loss) to net income.