Fair Value (Tables)

9 Months Ended

Sep. 29, 2018

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The fair value of financial assets and liabilities was determined using the following levels of inputs as of September 29, 2018 and December 30, 2017:

	Fair Value Measurements as of September 29, 2018
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	342,519	$	342,519	$	—	$	—
Short-term investments:
Marketable equity securities	5,446		5,446		—		—
Trading securities held in Non-Qualified Deferred Compensation (“NQDC”) trust	30,386		30,386		—		—
Foreign currency exchange contracts	2,394		—		2,394		—
Total Assets	$	380,745	$	378,351	$	2,394	$	—
As of September 29, 2018, Cadence did not have any financial liabilities requiring a recurring fair value measurement.

	Fair Value Measurements as of December 30, 2017
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	503,934	$	503,934	$	—	$	—
Short-term investments:
Marketable equity securities	4,455		4,455		—		—
Trading securities held in NQDC trust	31,473		31,473		—		—
Foreign currency exchange contracts	2,937		—		2,937		—
Total Assets	$	542,799	$	539,862	$	2,937	$	—
As of December 30, 2017, Cadence did not have any financial liabilities requiring a recurring fair value measurement.