Leases (Tables)

9 Months Ended

Sep. 28, 2019

Leases [Abstract]

Lease, cost

Activity related to Cadence’s leases was as follows:

	Three Months Ended		Nine Months Ended
	September 28, 2019		September 28, 2019
	(In thousands)
Operating lease expense	$	8,409	$	25,728
Cash paid for amounts included in the measurement of operating lease liabilities	8,174		22,416
ROU assets obtained in exchange for operating lease obligations	3,437		37,032

Schedule of supplemental balance sheet information related to leases

ROU lease assets and lease liabilities for Cadence’s operating leases were recorded in the condensed consolidated balance sheet as follows:

	As of
	September 28, 2019
	(In thousands)
Other assets	$	104,518
Accounts payable and accrued liabilities	$	27,717
Other long-term liabilities	90,506
Total lease liabilities	$	118,223
Weighted average remaining lease term (in years)	5.2
Weighted average discount rate	4.4		%

Table of lease liability maturity

Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of September 28, 2019, for the following five fiscal years and thereafter were as follows:

	Operating
	Leases
	(In thousands)
2019 – remaining period	$	7,524
2020	31,960
2021	28,517
2022	20,680
2023	15,254
Thereafter	29,942
Total future lease payments	133,877
Less imputed interest	(15,654		)
Total	$	118,223

Schedule of future minimum rental payments for operating leases

As of December 29, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

	Operating
	Leases
	(In thousands)
2019	$	26,252
2020	23,130
2021	19,778
2022	14,243
2023	11,510
Thereafter	17,100
Total lease payments	$	112,013