Stock Repurchase Program

9 Months Ended

Sep. 28, 2019

Class of Stock Disclosures [Abstract]

At the end of fiscal 2018, approximately $175 million remained available under Cadence’s previously announced authorization to repurchase shares of its common stock. In February 2019, Cadence’s Board of Directors authorized the repurchase of an additional $500 million. The actual timing and amount of repurchases are subject to business and market conditions, corporate and regulatory requirements, stock price, acquisition opportunities and other factors. As of September 28, 2019, approximately $444 million remained available to repurchase shares of Cadence common stock under the February 2019 authorization.

The shares repurchased under Cadence’s repurchase authorizations and the total cost of repurchased shares, including commissions, during the three and nine months ended September 28, 2019 and September 29, 2018 were as follows:



	Three Months Ended				Nine Months Ended
	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
	(In thousands)
Shares repurchased	1,065		1,098		3,719		3,611
Total cost of repurchased shares	$	75,011	$	50,011	$	231,131	$	150,036