Stock Repurchase Programs

12 Months Ended

Dec. 28, 2019

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 December 28, 2019, approximately $369 million remained available to repurchase shares of Cadence common stock.

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during fiscal 2019, 2018 and 2017 were as follows:



	2019		2018		2017
	(In thousands)
Shares repurchased	4,841		5,934		2,495
Total cost of repurchased shares	$	306,148	$	250,059	$	100,025