Restructuring and Other Charges Restructuring and Other Charges

6 Months Ended

Jun. 28, 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
	June 28, 2014
	(In thousands)
Accounts payable and accrued liabilities	$	2,151
Other long-term liabilities	2,635
Total accrued as of June 28, 2014	$	4,786

The following table presents activity relating to Cadence’s restructuring plans during the six months ended June 28, 2014:



	Severance and Benefits			Excess Facilities			Total
	(In thousands)
Balance, December 28, 2013	$	10,672		$	3,552		$	14,224
Restructuring and other charges, net	168			202			370
Cash payments	(9,338		)	(497		)	(9,835		)
Effect of foreign currency translation	5			22			27
Balance, June 28, 2014	$	1,507		$	3,279		$	4,786

- 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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