Stock Repurchase Program

6 Months Ended

Jun. 30, 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 June 30, 2018, $325.0 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 and six months ended June 30, 2018 and July 1, 2017 were as follows:



	Three Months Ended				Six Months Ended
	June 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
	(In thousands)
Shares repurchased	1,224		—		2,512		—
Total cost of repurchased shares	$	50,012	$	—	$	100,025	$	—