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Cash, Cash Equivalents and Investments (Tables)
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6 Months Ended |
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Jun. 28, 2014
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| Cash, Cash Equivalents and Investments [Abstract] |
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| Summary of cash, cash equivalents and short-term investments |
Cadence’s cash, cash equivalents and short-term investments at fair value as of June 28, 2014 and December 28, 2013 were as follows: | | | | | | | | | | As of | | June 28,
2014 | | December 28,
2013 | | (In thousands) | Cash and cash equivalents | $ | 557,416 |
| | $ | 536,260 |
| Short-term investments | 97,910 |
| | 96,788 |
| Cash, cash equivalents and short-term investments | $ | 655,326 |
| | $ | 633,048 |
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| Summary of cash and cash equivalents |
The following table summarizes Cadence’s cash and cash equivalents at fair value as of June 28, 2014 and December 28, 2013: | | | | | | | | | | As of | | June 28,
2014 | | December 28,
2013 | | (In thousands) | Cash and interest bearing deposits | $ | 199,800 |
| | $ | 188,088 |
| Money market funds | 357,616 |
| | 345,872 |
| Bank certificates of deposit | — |
| | 2,300 |
| Total cash and cash equivalents | $ | 557,416 |
| | $ | 536,260 |
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| Summary of short-term investments |
The following tables summarize Cadence’s short-term investments as of June 28, 2014 and December 28, 2013: | | | | | | | | | | | | | | | | | | As of June 28, 2014 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | (In thousands) | Corporate debt securities | $ | 36,615 |
| | $ | 23 |
| | $ | (13 | ) | | $ | 36,625 |
| Bank certificates of deposit | 24,249 |
| | 10 |
| | — |
| | 24,259 |
| United States Treasury securities | 19,273 |
| | 37 |
| | — |
| | 19,310 |
| United States government agency securities | 11,352 |
| | 10 |
| | (1 | ) | | 11,361 |
| Commercial paper | 1,994 |
| | 1 |
| | — |
| | 1,995 |
| Marketable debt securities | 93,483 |
| | 81 |
| | (14 | ) | | 93,550 |
| Marketable equity securities | 3,485 |
| | 875 |
| | — |
| | 4,360 |
| Total short-term investments | $ | 96,968 |
| | $ | 956 |
| | $ | (14 | ) | | $ | 97,910 |
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| | | | | | | | | | | | | | | | | | As of December 28, 2013 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | (In thousands) | Corporate debt securities | $ | 37,422 |
| | $ | 30 |
| | $ | (11 | ) | | $ | 37,441 |
| Bank certificates of deposit | 20,300 |
| | 9 |
| | (1 | ) | | 20,308 |
| United States Treasury securities | 24,219 |
| | 28 |
| | (1 | ) | | 24,246 |
| United States government agency securities | 10,212 |
| | 11 |
| | — |
| | 10,223 |
| Commercial paper | 2,492 |
| | 1 |
| | — |
| | 2,493 |
| Marketable debt securities | 94,645 |
| | 79 |
| | (13 | ) | | 94,711 |
| Marketable equity securities | 1,817 |
| | 260 |
| | — |
| | 2,077 |
| Total short-term investments | $ | 96,462 |
| | $ | 339 |
| | $ | (13 | ) | | $ | 96,788 |
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| Contractual maturity of marketable debt investments |
The amortized cost and estimated fair value of marketable debt securities included in short-term investments as of June 28, 2014, by contractual maturity, are shown in the table below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. | | | | | | | | | | Amortized Cost | | Fair Value | | (In thousands) | Due in less than one year | $ | 45,019 |
| | $ | 45,057 |
| Due in one to three years | 48,464 |
| | 48,493 |
| Total marketable debt securities included in short-term investments | $ | 93,483 |
| | $ | 93,550 |
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| Carrying value of non-marketable securities |
Cadence’s non-marketable investments as of June 28, 2014 and December 28, 2013 were as follows: | | | | | | | | | | As of | | June 28,
2014 | | December 28,
2013 | | (In thousands) | Cost method | $ | 3,038 |
| | $ | 3,038 |
| Equity method | 5,570 |
| | 3,639 |
| Total non-marketable investments | $ | 8,608 |
| | $ | 6,677 |
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