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Fair Value (Tables)

12 Months Ended

Jan. 01, 2022

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 January 1, 2022 and January 2, 2021:

			Fair Value Measurements as of January 1, 2022:
			Total						Level 1						Level 2						Level 3
			(In thousands)
Assets
Cash equivalents:
Money market funds			$	658,474					$	658,474					$	—					$	—
Marketable equity securities			5,956						5,956						—						—
Securities held in NQDC trust			56,165						56,165						—						—
Total Assets			$	720,595					$	720,595					$	—					$	—

			Total						Level 1						Level 2						Level 3
			(In thousands)
Liabilities
Foreign currency exchange contracts			306						—						306						—
Total Liabilities			$	306					$	—					$	306					$	—

			Fair Value Measurements as of January 2, 2021:
			Total						Level 1						Level 2						Level 3
			(In thousands)
Assets
Cash equivalents:
Money market funds			$	541,386					$	541,386					$	—					$	—
Marketable equity securities			4,452						4,452						—						—
Securities held in NQDC trust			42,769						42,769						—						—
Foreign currency exchange contracts			8,868						—						8,868						—
Total Assets			$	597,475					$	588,607					$	8,868					$	—
As of January 2, 2021, Cadence did not have any financial liabilities requiring a recurring fair value measurement.

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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