Stock Repurchase Program

3 Months Ended

Mar. 30, 2019

Class of Stock Disclosures [Abstract]

As of the end of the fourth quarter of fiscal 2018, approximately $175 million remained available under Cadence’s previously announced authorization to repurchase shares of its common stock. In February 2019, Cadence’s Board of Directors authorized the repurchase of an additional $500 million. 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 March 30, 2019, approximately $594 million remained available to repurchase shares of Cadence common stock under current authorizations.

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during the three months ended March 30, 2019 and March 31, 2018 were as follows:



	Three Months Ended
	March 30, 2019		March 31, 2018
	(In thousands)
Shares repurchased	1,529		1,289
Total cost of repurchased shares	$	81,114	$	50,013