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Restructuring and Other Charges
 12 Months Ended
Dec. 31, 2016
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. Cadence initiated two restructuring plans during fiscal 2016, or the 2016 Restructuring Plans. For the plan initiated during the first quarter of fiscal 2016, Cadence recorded restructuring and other charges of approximately $14.1 million related to severance payments and termination benefits. For the plan initiated during the fourth quarter of fiscal 2016, Cadence recorded an additional $26.3 million related to severance payments and termination benefits, including costs associated with a voluntary early retirement program offered to certain employees. As of December 31, 2016, total liabilities related to the 2016 Restructuring Plans were $24.4 million. Cadence expects to make cash payments for severance and related benefits for the 2016 Restructuring Plans through the first quarter of fiscal 2019.
Cadence also initiated restructuring plans during both fiscal 2015 and fiscal 2014 and recorded combined restructuring and other charges under both plans of approximately $11.5 million related to severance payments and termination benefits and impairments of certain long-lived assets. As of December 31, 2016, total liabilities related to various restructuring plans initiated prior to fiscal 2016 were $0.1 million. Cash payments for restructuring plans initiated prior to fiscal 2016 will be made through fiscal 2017.
The following table presents activity for Cadence’s restructuring plans during fiscal 2016, 2015 and 2014:
 
Severance
and
Benefits
 
Excess
Facilities
 
Other
 
Total
 
(In thousands)
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

Restructuring and other charges (credits), net
3,636

 
1,095

 
(220
)
 
4,511

Non-cash charges
—

 
(116
)
 
—

 
(116
)
Cash payments
(7,322
)
 
(1,798
)
 
(261
)
 
(9,381
)
Effect of foreign currency translation
(25
)
 
(62
)
 
—

 
(87
)
Balance, January 2, 2016
$
751

 
$
386

 
$
—

 
$
1,137

Restructuring and other charges, net
40,411

 
544

 
—

 
40,955

Non-cash charges
—

 
(159
)
 
—

 
(159
)
Cash payments
(16,890
)
 
(679
)
 
—

 
(17,569
)
Effect of foreign currency translation
130

 
(34
)
 
—

 
96

Balance, December 31, 2016
$
24,402

 
$
58

 
$
—

 
$
24,460


The remaining liability for Cadence’s restructuring plans is recorded in the consolidated balance sheet as follows:
 
As of
 
December 31, 2016
 
(In thousands)
Accounts payable and accrued liabilities
$
23,239

Other long-term liabilities
1,221

Total liabilities
$
24,460