Fair Value (Tables)

6 Months Ended

Jun. 29, 2013

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

On a quarterly basis, Cadence measures at fair value certain financial assets and liabilities. The fair value of financial assets and liabilities was determined using the following levels of inputs as of June 29, 2013 and December 29, 2012:

	Fair Value Measurements as of June 29, 2013:
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	403,153	$	403,153	$	—	$	—
Corporate debt securities	501		—		501		—
Short-term investments:
Corporate debt securities	34,205		—		34,205		—
Bank certificates of deposit	26,215		—		26,215		—
United States Treasury securities	25,856		25,856		—		—
United States government agency securities	11,223		11,223		—		—
Commercial paper	1,797		—		1,797		—
Marketable equity securities	1,955		1,955		—		—
Trading securities held in Non-Qualified Deferred Compensation, or NQDC, trust	21,472		21,472		—		—
2015 Notes Hedges	335,131		—		335,131		—
Total Assets	$	861,508	$	463,659	$	397,849	$	—
	Total		Level 1		Level 2		Level 3
	(In thousands)
Liabilities
Acquisition-related contingent consideration	$	3,832	$	—	$	—	$	3,832
2015 Notes Embedded Conversion Derivative	335,131		—		335,131		—
Foreign currency exchange contracts	$	1,498	$	—	$	1,498	$	—
Total Liabilities	$	340,461	$	—	$	336,629	$	3,832

	Fair Value Measurements as of December 29, 2012:
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	566,334	$	566,334	$	—	$	—
Short-term investments:
Corporate debt securities	31,359		—		31,359		—
Bank certificates of deposit	27,826		—		27,826		—
United States Treasury securities	23,239		23,239		—		—
United States government agency securities	10,258		10,258		—		—
Commercial paper	5,783		—		5,783		—
Marketable equity securities	2,239		2,239		—		—
Trading securities held in NQDC trust	24,329		24,329		—		—
2015 Notes Hedges	303,154		—		303,154		—
Foreign currency exchange contracts	1,737		—		1,737		—
Total Assets	$	996,258	$	626,399	$	369,859	$	—
	Total		Level 1		Level 2		Level 3
	(In thousands)
Liabilities
Acquisition-related contingent consideration	$	4,218	$	—	$	—	$	4,218
2015 Notes Embedded Conversion Derivative	303,154		—		303,154		—
Total Liabilities	$	307,372	$	—	$	303,154	$	4,218

Liabilities included in level 3 representing fair value of contingent consideration associated with acquisitions

The following table summarizes the level 3 activity for the six months ended June 29, 2013:

	(In thousands)
Balance as of December 29, 2012	$	4,218
Payments	(740		)
Adjustments	354
Balance as of June 29, 2013	$	3,832