Fair Value (Tables)

9 Months Ended

Sep. 26, 2020

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 September 26, 2020 and December 28, 2019:

	Fair Value Measurements as of September 26, 2020
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	850,648	$	850,648	$	—	$	—
Marketable equity securities	4,570		4,570		—		—
Securities held in Non-Qualified Deferred Compensation (“NQDC”) trust	36,668		36,668		—		—
Total Assets	$	891,886	$	891,886	$	—	$	—
	Total		Level 1		Level 2		Level 3
	(In thousands)
Liabilities
Foreign currency exchange contracts	$	3,975	$	—	$	3,975	$	—
Total Liabilities	$	3,975	$	—	$	3,975	$	—
	Fair Value Measurements as of December 28, 2019
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	445,942	$	445,942	$	—	$	—
Marketable equity securities	4,600		4,600		—		—
Securities held in NQDC trust	34,096		34,096		—		—
Foreign currency exchange contracts	3,557		—		3,557		—
Total Assets	$	488,195	$	484,638	$	3,557	$	—
As of December 28, 2019, Cadence did not have any financial liabilities requiring a recurring fair value measurement.