Cash, Cash Equivalents and Investments

6 Months Ended

Jun. 30, 2018

Cash, Cash Equivalents, and Short-term Investments [Abstract]

Cadence’s cash, cash equivalents and short-term investments at fair value as of June 30, 2018 and December 30, 2017 were as follows:



	As of
	June 30, 2018		December 30, 2017
	(In thousands)
Cash and cash equivalents	$	819,540	$	688,087
Short-term investments	5,842		4,455
Cash, cash equivalents and short-term investments	$	825,382	$	692,542

Cash and Cash Equivalents

Cadence considers all highly liquid investments with original maturities of three months or less on the date of purchase to be cash equivalents. The amortized cost of Cadence’s cash equivalents approximates fair value. The following table summarizes Cadence’s cash and cash equivalents at fair value as of June 30, 2018 and December 30, 2017:



	As of
	June 30, 2018		December 30, 2017
	(In thousands)
Cash and interest bearing deposits	$	220,720	$	184,153
Money market funds	598,820		503,934
Total cash and cash equivalents	$	819,540	$	688,087

Short-Term Investments

Cadence’s short-term investments are comprised of marketable equity securities of publicly-held entities. During the three and six months ended June 30, 2018, Cadence recorded gains of $0.4 million and $1.4 million, respectively, to other income in the condensed consolidated income statements from its investments in marketable equity securities held as of June 30, 2018. Cadence did not sell any marketable equity securities during the six months ended June 30, 2018.