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Restructuring and Other Charges
 12 Months Ended
Jan. 03, 2015
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER CHARGES
RESTRUCTURING AND OTHER CHARGES
Cadence has initiated various 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 under the restructuring plans and charges related to assets abandoned as part of the restructuring plans. During fiscal 2014, Cadence initiated a restructuring plan, or the 2014 Restructuring Plan, and recorded restructuring and other charges of approximately $11.6 million related to severance payments and termination benefits and impairment of certain long-lived assets and related contracts abandoned as part of the 2014 Restructuring Plan. As of January 3, 2015, total liabilities related to the 2014 Restructuring Plan were $4.3 million. Cash payments for severance and related benefits for the 2014 Restructuring Plan will be made through the first quarter of fiscal 2016.
Cadence also initiated a restructuring plan during fiscal 2013, or the 2013 Restructuring Plan, and recorded restructuring and other charges of approximately $17.7 million related to severance payments and termination benefits. As of January 3, 2015, total liabilities related to the 2013 Restructuring Plan were $1.2 million. Cash payments for severance and related benefits for the 2013 Restructuring Plan will be made through the third quarter of fiscal 2015. As of January 3, 2015, total liabilities related to various restructuring plans initiated prior to fiscal 2013 were $0.7 million and are comprised of estimated lease losses related to vacated facilities.
As of January 3, 2015, the total amount accrued for facility-related lease loss charges resulting from Cadence’s restructuring plans was $1.3 million. The maximum lease loss could be as high as $1.8 million and will be influenced by rental rates and the ability to find and maintain tenants to sublease the vacated facilities. The cash payments related to these facilities, net of sublease income, if any, will be made through 2017.
The following table presents activity for Cadence’s restructuring plans during fiscal 2014, 2013 and 2012:
 
Severance
and
Benefits
 
Excess
Facilities
 
Other
 
Total
 
(In thousands)
Balance, December 31, 2011
$
46

 
$
4,976

 
$
5

 
$
5,027

Restructuring and other charges (credits), net
(29
)
 
147

 
(5
)
 
113

Cash payments
(17
)
 
(906
)
 
—

 
(923
)
Effect of foreign currency translation
—

 
126

 
—

 
126

Balance, December 29, 2012
$
—

 
$
4,343

 
$
—

 
$
4,343

Restructuring and other charges, net
17,589

 
101

 
309

 
17,999

Non-cash charges
—

 
—

 
(309
)
 
(309
)
Cash payments
(6,944
)
 
(951
)
 
—

 
(7,895
)
Effect of foreign currency translation
27

 
59

 
—

 
86

Balance, December 28, 2013
$
10,672

 
$
3,552

 
$
—

 
$
14,224

Restructuring and other charges (credits), net
8,004

 
(945
)
 
3,193

 
10,252

Non-cash charges
—

 
—

 
(2,450
)
 
(2,450
)
Cash payments
(13,967
)
 
(1,056
)
 
(262
)
 
(15,285
)
Effect of foreign currency translation
(247
)
 
(284
)
 
—

 
(531
)
Balance, January 3, 2015
$
4,462

 
$
1,267

 
$
481

 
$
6,210


The remaining liability for Cadence’s restructuring plans is recorded in the consolidated balance sheet as follows:
 
As of
 
January 3, 2015
 
(In thousands)
Accounts payable and accrued liabilities
$
5,775

Other long-term liabilities
435

Total liabilities
$
6,210