Stock Repurchase Program

6 Months Ended

Jun. 29, 2019

Class of Stock Disclosures [Abstract]

At the end 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 June 29, 2019, approximately $519 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 and six months ended June 29, 2019 and June 30, 2018 were as follows:



	Three Months Ended				Six Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
	(In thousands)
Shares repurchased	1,125		1,224		2,654		2,512
Total cost of repurchased shares	$	75,006	$	50,012	$	156,120	$	100,025