Debt (Tables)

9 Months Ended

Oct. 01, 2022

Debt Disclosure [Abstract]

Summary of debt outstanding

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

	October 1, 2022						January 1, 2022
	(In thousands)
	Principal		Unamortized Discount		Carrying Value		Principal		Unamortized Discount		Carrying Value
Revolving Credit Facility	$	150,000	$	—	$	150,000	$	—	$	—	$	—
2024 Notes	350,000		(1,794)		348,206		350,000		(2,412)		347,588
2025 Term Loan	300,000		(407)		299,593		—		—		—
Total outstanding debt	$	800,000	$	(2,201)	$	797,799	$	350,000	$	(2,412)	$	347,588