Stock Repurchase Program

9 Months Ended

Sep. 29, 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 September 29, 2018, $275.0 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 nine months ended September 29, 2018 and September 30, 2017 were as follows:



	Three Months Ended				Nine Months Ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
	(In thousands)
Shares repurchased	1,098		1,331		3,611		1,331
Total cost of repurchased shares	$	50,011	$	50,013	$	150,036	$	50,013