Stock Repurchase Programs

12 Months Ended

Dec. 29, 2018

In January 2017, Cadence’s Board of Directors authorized the repurchase of shares of Cadence 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, stock price, acquisition opportunities and other factors. As of December 29, 2018, $175.0 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 fiscal 2018, 2017 and 2016 were as follows:



	2018		2017		2016
	(In thousands)
Shares repurchased	5,934		2,495		40,493
Total cost of repurchased shares	$	250,059	$	100,025	$	960,289