Fair Value (Tables)

12 Months Ended

Jan. 02, 2021

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 January 2, 2021 and December 28, 2019:

	Fair Value Measurements as of January 2, 2021:
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	541,386	$	541,386	$	—	$	—
Marketable equity securities	4,452		4,452		—		—
Securities held in NQDC trust	42,769		42,769		—		—
Foreign currency exchange contracts	8,868		—		8,868		—
Total Assets	$	597,475	$	588,607	$	8,868	$	—
As of January 2, 2021, Cadence did not have any financial liabilities requiring a recurring fair value measurement.

	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.