Fair Value (Tables)

6 Months Ended

Jun. 29, 2019

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The fair value of financial assets was determined using the following levels of inputs as of June 29, 2019 and December 29, 2018:

	Fair Value Measurements as of June 29, 2019
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	382,960	$	382,960	$	—	$	—
Marketable equity securities	3,615		3,615		—		—
Securities held in Non-Qualified Deferred Compensation (“NQDC”) trust	29,967		29,967		—		—
Foreign currency exchange contracts	808		—		808		—
Total Assets	$	417,350	$	416,542	$	808	$	—
As of June 29, 2019, Cadence did not have any financial liabilities requiring a recurring fair value measurement.

	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.