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Leases | 12 Months Ended
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Jan. 02, 2021
Leases [Abstract] |
Leases | LEASES Operating lease expense, which includes immaterial amounts of short-term leases, variable lease costs and sublease income, was as follows during fiscal 2020, 2019 and 2018:
| 2020 |  | 2019 |  | 2018
| (In thousands)
Operating lease expense | $ | 39,731 |  |  | $ | 34,709 |  |  | $ | 33,717 |
Additional activity related to Cadence’s leases during fiscal 2020 and 2019 was as follows:
| 2020 |  | 2019
| (In thousands)
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 34,723 |  |  | $ | 34,961 |
ROU assets obtained in exchange for operating lease obligations | 63,057 |  |  | 38,090 |
ROU lease assets and lease liabilities for Cadence’s operating leases were recorded in the consolidated balance sheet as follows:
| As of
| January 2, 2021 |  | December 28, 2019
| (In thousands)
Other assets | $ | 133,354 |  |  | $ | 100,343 |
Accounts payable and accrued liabilities | 33,920 |  |  | 25,558 |
Other long-term liabilities | 113,916 |  |  | 84,782 |
Total lease liabilities | $ | 147,836 |  |  | $ | 110,340 |
Weighted average remaining lease term (in years) | 6.7 |  | 5.1
Weighted average discount rate | 3.8 | % |  | 4.5 | %
Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of January 2, 2021, for the following five fiscal years and thereafter were as follows:
| Operating |  |  |  |
| Leases |  |  |  |
| (In thousands)
2021 | $ | 38,173 |  |  |  |  |
2022 | 29,229 |  |  |  |  |
2023 | 21,517 |  |  |  |  |
2024 | 18,496 |  |  |  |  |
2025 | 15,975 |  |  |  |  |
Thereafter | 44,251 |  |  |  |  |
Total future lease payments | 167,641 |  |  |  |  |
Less imputed interest | (19,805) |  |  |  |  |
Total lease liability balance | $ | 147,836 |  |  |  |  |
As of January 2, 2021, Cadence had additional operating lease obligations of approximately $5.9 million for a facility lease that will commence in the first quarter of fiscal 2021.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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