Debt (Tables)

12 Months Ended

Jan. 01, 2022

Debt Disclosure [Abstract]

Summary of debt outstanding

Cadence’s outstanding debt as of January 1, 2022 and January 2, 2021 was as follows:

	January 1, 2022						January 2, 2021
	(In thousands)
	Principal		Unamortized Discount		Carrying Value		Principal		Unamortized Discount		Carrying Value
Revolving Credit Facility	$	—	$	—	$	—	$	—	$	—	$	—
2024 Notes	350,000		(2,412)		347,588		350,000		(3,207)		346,793
Total outstanding debt	$	350,000	$	(2,412)	$	347,588	$	350,000	$	(3,207)	$	346,793