XML 53 R42.htm IDEA: XBRL DOCUMENT v2.3.0.15
Convertible Notes (Details Textual) (USD $)
9 Months Ended9 Months Ended1 Months Ended9 Months Ended12 Months Ended1 Months Ended3 Months Ended9 Months Ended3 Months Ended9 Months Ended
Oct. 02, 2010
Oct. 01, 2011
Jan. 01, 2011
Oct. 01, 2011
Notes Due 2011 [Member]
Oct. 02, 2010
Notes Due 2011 [Member]
Dec. 31, 2006
Notes Due 2011 [Member]
Dec. 31, 2006
Notes Due 2011 [Member]
Notes Due 2013 [Member]
Oct. 01, 2011
Notes Due 2011 [Member]
Notes Due 2013 [Member]
Jan. 01, 2011
Notes Due 2011 [Member]
Notes Due 2013 [Member]
Jun. 30, 2010
Convertible Senior Notes Due 2015 [Member]
Oct. 01, 2011
Convertible Senior Notes Due 2015 [Member]
Oct. 01, 2011
Convertible Senior Notes Due 2015 [Member]
Jan. 01, 2011
Convertible Senior Notes Due 2015 [Member]
Oct. 01, 2011
Zero Coupon Zero Yield Senior Convertible Notes Due 2023 [Member]
Aug. 31, 2003
Zero Coupon Zero Yield Senior Convertible Notes Due 2023 [Member]
Jan. 01, 2011
Notes Due 2013 [Member]
Oct. 01, 2011
Notes Due 2013 [Member]
Oct. 02, 2010
Notes Due 2013 [Member]
Dec. 31, 2006
Notes Due 2013 [Member]
Convertible Notes (Textual) [Abstract]                   
Stated interest rate of Convertible Senior Notes   1.375%      2.625%2.625%    1.50%  
Maturity date of Convertible Senior NotesDec. 15, 2011Jun. 01, 2015Dec. 15, 2013
Interest rate payable term for Convertible Senior Notes       semi-annually each December 15th and June 15th   semi-annually each December 1st and June 1st       
Event 1       During any calendar quarter, and only during such calendar quarter, if the closing price of Cadence’s common stock exceeds $27.50 for 20 or more of the final 30 trading days in the preceding calendar quarter;   During any fiscal quarter, and only during such fiscal quarter, if the closing price of Cadence’s common stock exceeds $9.81 for 20 or more of the final 30 trading days in the preceding fiscal quarter;       
Minimum closing price of common stock for specified days for conversion of notes       $ 27.50   $ 9.81       
Minimum number of trading days limit for which closing price exceeds fixed price for conversion of notes       20 days   20 days       
Number of final trading days range with in which closing price exceeds the fixed price for conversion of notes       30 days   30 days       
Event 2       Specified corporate transactions occur   Specified corporate transactions occur;       
Event 3       The trading price of the 2011 Notes and the 2013 Notes falls below 98% of the product of (i) the closing sale price of Cadence’s common stock and (ii) the conversion rate on that date   The trading price of the 2015 Notes falls below 98% of the product of (i) the closing sale price of Cadence's common stock and (ii) the conversion rate on that date       
Percentage of product closing sale price of common stock and conversion rate on that date below which notes will be converted       98.00%   98.00%       
Net Liability of the 2015 Notes $ 420,982,000$ 406,404,000       $ 290,600,000$ 290,600,000       
Conversion rate of Notes       47.2813 shares of Cadence common stock per $1,000 principal amount of the 2011 Notes and the 2013 Notes   132.5205 shares of Cadence common stock per $1,000 principal amount of the 2015 Notes       
Debt instrument principal amount conversion rate for specified shares of common stock       1,000   1,000       
Conversion rate for Convertible Senior Notes per thousand principal amount of Notes       47.2813   132.5205       
Conversion rate of Convertible Senior Notes subject to certain conversion rate adjustments       $ 21.15  $ 7.55$ 7.55       
Condition 1       If a fundamental change, as defined in the indentures for the 2011 Notes and the 2013 Notes (which includes certain fundamental corporate changes relating to Cadence, such as certain mergers, recapitalizations, or sales of substantially all of its assets, or the delisting of its common stock), were to occur prior to maturity and Cadence’s stock price were greater than $18.00 per share at that time, the holders may be entitled to a "make-whole" premium in the form of an increase to the conversion rate.   If a fundamental change, as defined in the indenture for the 2015 Notes (which includes certain fundamental corporate changes relating to Cadence, such as certain mergers, recapitalizations, or sales of substantially all of its assets, or the delisting of its common stock), were to occur prior to maturity of the 2015 Notes and Cadence's stock price were greater than $6.16 per share at that time, then the holders of the 2015 Notes would be entitled to a "make-whole" premium in the form of an increase to the conversion rate.       
Minimum closing price of common stock to make whole premium in the form of increase to conversion rate       $ 18.00   $ 6.16       
Fair Value of 2015 Notes Embedded Conversion Derivative at the time of issuance         76,600,000         
Estimated Fair Value of 2015 Notes Embedded Conversion Derivative at the balance sheet date          179,700,000179,700,000       
Cost of 2015 Notes Hedges         76,600,000         
Estimated Fair Value of 2015 Notes hedges at the balance sheet date          179,700,000179,700,000       
Shares of Common Stock that can be purchased under warrants       23,600,000   46,400,000       
Amount received in cash proceeds from the sale of the 2015 Warrants37,450,000        37,500,000         
Warrants to purchase shares of common stock price per share       $ 31.50   $ 10.78       
Principal amount, issued     250,000,000   350,000,000    420,000,000   250,000,000
Remaining principal amount outstanding   150,000,000         200,000  144,500,000  
Principal amount repurchased    100,000,000          5,500,000 100,000,000 
Total estimated fair value          481,500,000481,500,000 200,000     
Principal amount of Convertible Senior Notes       294,461,000294,461,000350,000,000350,000,000350,000,000350,000,000      
Maximum purchase of Cadence's common stock shares, price per share       $ 31.50           
Aggregate cost of 2011 Notes and 2013 Notes Hedges       119,800,000           
Portion of sold of 2011 Notes and 2013 Notes hedges representing options to purchase Cadence's common stock        9,700,000          
Proceeds received from sale of 2011 Notes and 2013 Notes Hedges        400,000          
Estimated fair value of the remaining 2011 Notes and 2013 Notes Hedges       1,900,000           
Amount received in cash proceeds from the sale of the 2011 Notes and 2013 Notes Warrants      39,400,000            
Number of shares underlying warrants purchased with purchase of 2011 Notes and 2013 Notes        9,700,000          
Cost for repurchase of portion of 2011 Notes and 2013 Notes Warrants        100,000          
Notes Warrants expiration date description   various dates from February 2012 through April 2012            various dates from February 2014 through April 2014  
Total estimated fair value (including equity component)       288,700,000           
Proceeds from Convertible Debt350,000,000        350,000,000         
Impact on Income statement related to fair value adjustments of 2015 Notes Embedded Conversion Derivative and 2015 Notes Hedges          $ 0$ 0