Restructuring and Other Charges Restructuring and Other Charges

3 Months Ended

Mar. 29, 2014

Restructuring and Related Activities [Abstract]

Cadence has initiated various restructuring plans in the past, most recently in fiscal 2013, in an effort to operate more efficiently. These restructuring plans were primarily comprised of severance and termination benefits related to headcount reductions and estimated lease losses related to facilities vacated under the restructuring plans.

The remaining accrual for Cadence’s restructuring plans is recorded in the condensed consolidated balance sheet as follows:



	As of
	March 29, 2014
	(In thousands)
Accounts payable and accrued liabilities	$	4,433
Other long-term liabilities	2,765
Total accrued as of March 29, 2014	$	7,198

The following table presents activity relating to Cadence’s restructuring plans during the three months ended March 29, 2014:



	Severance and Benefits			Excess Facilities			Total
	(In thousands)
Balance, December 28, 2013	$	10,672		$	3,552		$	14,224
Restructuring and other charges, net	295			101			396
Cash payments	(7,159		)	(286		)	(7,445		)
Effect of foreign currency translation	11			12			23
Balance, March 29, 2014	$	3,819		$	3,379		$	7,198

- 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.

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