Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of debt outstanding

Cadence’s outstanding debt as of December 31, 2022 and January 1, 2022 was as follows:

	December 31, 2022						January 1, 2022
	(In thousands)
	Principal		Unamortized Discount		Carrying Value		Principal		Unamortized Discount		Carrying Value
Revolving Credit Facility	$	100,000	$	—	$	100,000	$	—	$	—	$	—
2024 Notes	350,000		(1,581)		348,419		350,000		(2,412)		347,588
2025 Term Loan	300,000		(341)		299,659		—		—		—
Total outstanding debt	$	750,000	$	(1,922)	$	748,078	$	350,000	$	(2,412)	$	347,588