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Restructuring and Other Charges
12 Months Ended
Dec. 29, 2018
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER CHARGES
RESTRUCTURING AND OTHER CHARGES
Cadence has initiated 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 and charges related to abandoned assets. During the fourth quarter of fiscal 2018, Cadence initiated a restructuring plan (the “2018 Restructuring Plan”) and recorded restructuring and other charges of $13.8 million related to severance payments, termination benefits and estimated lease losses related to vacated facilities. As of December 29, 2018, total liabilities related to the 2018 Restructuring Plan were $11.5 million.
Cadence also initiated restructuring plans during both fiscal 2017 and fiscal 2016 (the “prior restructuring plans”). During fiscal 2018, Cadence revised certain estimates made in connection with the prior restructuring plans and recorded credits of $2.7 million. As of December 29, 2018, total liabilities related to the prior restructuring plans were $0.5 million.

The following table presents activity for Cadence’s restructuring plans during fiscal 2018, 2017 and 2016:
 
Severance
and
Benefits
 
Excess
Facilities
 
Total
 
(In thousands)
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

Restructuring and other charges, net
10,268

 
821

 
11,089

Cash payments
(12,688
)
 
(192
)
 
(12,880
)
Effect of foreign currency translation
61

 
(30
)
 
31

Balance, December 29, 2018
$
11,176

 
$
848

 
$
12,024


The remaining liability for Cadence’s restructuring plans is recorded in the consolidated balance sheet as follows:
 
As of
 
December 29, 2018
 
(In thousands)
Accounts payable and accrued liabilities
$
11,597

Other long-term liabilities
427

Total liabilities
$
12,024


All liabilities for severance and related benefits under Cadence’s restructuring plans are included in accounts payable and accrued liabilities on Cadence’s consolidated balance sheet as of December 29, 2018. Restructuring liabilities included in other long-term liabilities represent liabilities from vacated facilities, and Cadence expects to make cash payments to settle these liabilities through fiscal 2022.