Cash, Cash Equivalents and Investments

9 Months Ended

Sep. 29, 2018

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

Cadence’s cash, cash equivalents and short-term investments at fair value as of September 29, 2018 and December 30, 2017 were as follows:



	As of
	September 29, 2018		December 30, 2017
	(In thousands)
Cash and cash equivalents	$	544,585	$	688,087
Short-term investments	5,446		4,455
Cash, cash equivalents and short-term investments	$	550,031	$	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 September 29, 2018 and December 30, 2017:



	As of
	September 29, 2018		December 30, 2017
	(In thousands)
Cash and interest bearing deposits	$	202,066	$	184,153
Money market funds	342,519		503,934
Total cash and cash equivalents	$	544,585	$	688,087

Short-Term Investments

Cadence’s short-term investments are comprised of marketable equity securities of publicly-held entities. During the three and nine months ended September 29, 2018, Cadence recorded losses of $0.4 million and gains of $1.0 million, respectively, to other income, net in the condensed consolidated income statements from its investments in marketable equity securities held as of September 29, 2018.