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Restructuring and Other Charges | 12 Months Ended
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Dec. 29, 2018
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND OTHER CHARGES | RESTRUCTURING AND OTHER CHARGES Cadence has initiated restructuring plans in an effort to better align its resources with its business strategy. These restructuring plans have primarily been comprised of severance payments and termination benefits related to headcount reductions, estimated lease losses related to facilities vacated and charges related to abandoned assets. During the fourth quarter of fiscal 2018, Cadence initiated a restructuring plan (the “2018 Restructuring Plan”) and recorded restructuring and other charges of $13.8 million related to severance payments, termination benefits and estimated lease losses related to vacated facilities. As of December 29, 2018, total liabilities related to the 2018 Restructuring Plan were $11.5 million. Cadence also initiated restructuring plans during both fiscal 2017 and fiscal 2016 (the “prior restructuring plans”). During fiscal 2018, Cadence revised certain estimates made in connection with the prior restructuring plans and recorded credits of $2.7 million. As of December 29, 2018, total liabilities related to the prior restructuring plans were $0.5 million. The following table presents activity for Cadence’s restructuring plans during fiscal 2018, 2017 and 2016:
| Severance and Benefits |  | Excess Facilities |  | Total
| (In thousands)
Balance, January 2, 2016 | $ | 751 |  |  | $ | 386 |  |  | $ | 1,137 |
Restructuring and other charges, net | 40,411 |  |  | 544 |  |  | 40,955 |
Non-cash charges | — |  |  | (159 | ) |  | (159 | )
Cash payments | (16,890 | ) |  | (679 | ) |  | (17,569 | )
Effect of foreign currency translation | 130 |  |  | (34 | ) |  | 96 |
Balance, December 31, 2016 | $ | 24,402 |  |  | $ | 58 |  |  | $ | 24,460 |
Restructuring and other charges, net | 9,027 |  |  | 379 |  |  | 9,406 |
Cash payments | (20,170 | ) |  | (186 | ) |  | (20,356 | )
Effect of foreign currency translation | 276 |  |  | (2 | ) |  | 274 |
Balance, December 30, 2017 | $ | 13,535 |  |  | $ | 249 |  |  | $ | 13,784 |
Restructuring and other charges, net | 10,268 |  |  | 821 |  |  | 11,089 |
Cash payments | (12,688 | ) |  | (192 | ) |  | (12,880 | )
Effect of foreign currency translation | 61 |  |  | (30 | ) |  | 31 |
Balance, December 29, 2018 | $ | 11,176 |  |  | $ | 848 |  |  | $ | 12,024 |
The remaining liability for Cadence’s restructuring plans is recorded in the consolidated balance sheet as follows:
| As of
| December 29, 2018
| (In thousands)
Accounts payable and accrued liabilities | $ | 11,597 |
Other long-term liabilities | 427 |
Total liabilities | $ | 12,024 |
All liabilities for severance and related benefits under Cadence’s restructuring plans are included in accounts payable and accrued liabilities on Cadence’s consolidated balance sheet as of December 29, 2018. Restructuring liabilities included in other long-term liabilities represent liabilities from vacated facilities, and Cadence expects to make cash payments to settle these liabilities through fiscal 2022.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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