Stock Repurchase Program

3 Months Ended

Mar. 28, 2020

Class of Stock Disclosures [Abstract]

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

In February 2019, Cadence’s Board of Directors authorized the repurchase of $500 million of Cadence common stock. 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 28, 2020, approximately $269 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 the three months ended March 28, 2020 and March 30, 2019 were as follows:

	Three Months Ended
	March 28, 2020		March 30, 2019
	(In thousands)
Shares repurchased	1,488		1,529
Total cost of repurchased shares	$	100,022	$	81,114