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Restructuring and Other Charges | 6 Months Ended
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Jun. 27, 2020
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 six months ended June 27, 2020, Cadence revised certain estimates made in connection with its prior restructuring plans and recorded credits of approximately $1.3 million. The following table presents activity relating to Cadence’s restructuring plans during the six months ended June 27, 2020:
| Severance and Benefits |  | Excess Facilities |  | Total
| (In thousands) |  |  |  |
Balance, December 28, 2019 | $ | 9,229 |  |  | $ | 409 |  |  | $ | 9,638 |
Restructuring and other credits | (1,280) |  |  | (62) |  |  | (1,342) |
Cash payments | (6,882) |  |  | (113) |  |  | (6,995) |
Effect of foreign currency translation | (80) |  |  | (3) |  |  | (83) |
Balance, June 27, 2020 | $ | 987 |  |  | $ | 231 |  |  | $ | 1,218 |
The remaining liability for Cadence’s restructuring plans is recorded in the condensed consolidated balance sheet as follows:
| As of
| June 27, 2020
| (In thousands)
Accounts payable and accrued liabilities | $ | 1,159 |
Other long-term liabilities | 59 |
Total restructuring liabilities | $ | 1,218 |
All liabilities for severance and related benefits under Cadence’s restructuring plans are included in accounts payable and accrued liabilities on Cadence’s condensed consolidated balance sheet as of June 27, 2020. 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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