Fair Value (Tables)

12 Months Ended

Dec. 28, 2019

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The fair value of financial assets and liabilities was determined using the following levels of inputs as of December 28, 2019 and December 29, 2018:

	Fair Value Measurements as of December 28, 2019:
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	445,942	$	445,942	$	—	$	—
Marketable equity securities	4,600		4,600		—		—
Securities held in NQDC trust	34,096		34,096		—		—
Foreign currency exchange contracts	3,557		—		3,557		—
Total Assets	$	488,195	$	484,638	$	3,557	$	—
As of December 28, 2019, Cadence did not have any financial liabilities requiring a recurring fair value measurement.

	Fair Value Measurements as of December 29, 2018:
	Total		Level 1		Level 2		Level 3
	(In thousands)
Assets
Cash equivalents:
Money market funds	$	327,841	$	327,841	$	—	$	—
Marketable equity securities	3,887		3,887		—		—
Securities held in NQDC trust	27,767		27,767		—		—
Foreign currency exchange contracts	101		—		101		—
Total Assets	$	359,596	$	359,495	$	101	$	—
As of December 29, 2018, Cadence did not have any financial liabilities requiring a recurring fair value measurement.