Stock Repurchase Programs

12 Months Ended

Jan. 02, 2021

As of the end of fiscal 2019, approximately $369 million remained available under Cadence’s previously announced authorization to repurchase shares of Cadence common stock. In July 2020, Cadence’s Board of Directors increased the previously announced authorization to repurchase shares of Cadence common stock by an additional $750 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 January 2, 2021, approximately $739 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 2020, 2019 and 2018 were as follows:


	2020		2019		2018
	(In thousands)
Shares repurchased	4,247		4,841		5,934
Total cost of repurchased shares	$	380,064	$	306,148	$	250,059