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Restructuring and Other Charges
 12 Months Ended
Dec. 30, 2017
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER CHARGES
RESTRUCTURING AND OTHER CHARGES
Cadence has initiated several 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 the fourth quarter of fiscal 2017, Cadence initiated a restructuring plan (the “2017 Restructuring Plan”) and recorded restructuring and other charges of $11.9 million related to severance payments and termination benefits. As of December 30, 2017, total liabilities related to the 2017 Restructuring Plan were $11.1 million. Cadence expects to make cash payments for severance and related benefits for the 2017 Restructuring Plan through the third quarter of fiscal 2018.
Cadence initiated two restructuring plans during fiscal 2016 (the “2016 Restructuring Plans”) and recorded restructuring and other charges of $40.4 million related to severance payments and termination benefits, including costs associated with a voluntary early retirement program offered to certain employees. During fiscal 2017, Cadence revised certain estimates made in connection with the 2016 Restructuring Plans and recorded credits of $2.8 million. As of December 30, 2017, total liabilities related to the 2016 Restructuring Plans were $2.5 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 a restructuring plan during fiscal 2015 and recorded restructuring and other charges of $4.2 million related to severance payments and termination benefits. As of December 30, 2017, total liabilities related to restructuring plans initiated prior to fiscal 2016 were $0.2 million.
The following table presents activity for Cadence’s restructuring plans during fiscal 2017, 2016 and 2015:
 
Severance
and
Benefits
 
Excess
Facilities
 
Other
 
Total
 
(In thousands)
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

Restructuring and other charges, net
9,027

 
379

 
—

 
9,406

Cash payments
(20,170
)
 
(186
)
 
—

 
(20,356
)
Effect of foreign currency translation
276

 
(2
)
 
—

 
274

Balance, December 30, 2017
$
13,535

 
$
249

 
$
—

 
$
13,784


The remaining liability for Cadence’s restructuring plans is recorded in the consolidated balance sheet as follows:
 
As of
 
December 30, 2017
 
(In thousands)
Accounts payable and accrued liabilities
$
13,619

Other long-term liabilities
165

Total liabilities
$
13,784