Fair Value (Tables)

3 Months Ended

Mar. 30, 2019

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 March 30, 2019 and December 29, 2018:

	Fair Value Measurements as of March 30, 2019
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	331,994	$	331,994	$	—	$	—
Marketable equity securities	3,969		3,969		—		—
Securities held in Non-Qualified Deferred Compensation (“NQDC”) trust	28,402		28,402		—		—
Total Assets	$	364,365	$	364,365	$	—	$	—
	Total		Level 1		Level 2		Level 3
	(In thousands)
Liabilities
Foreign currency exchange contracts	$	458	$	—	$	458	$	—
Total Liabilities	$	458	$	—	$	458	$	—
	Fair Value Measurements as of December 29, 2018
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	327,841	$	327,841	$	—	$	—
Marketable equity securities	3,887		3,887		—		—
Securities held in NQDC trust	27,767		27,767		—		—
Foreign currency exchange contracts	101		—		101		—
Total Assets	$	359,596	$	359,495	$	101	$	—
As of December 29, 2018, Cadence did not have any financial liabilities requiring a recurring fair value measurement.