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Leases
12 Months Ended
Dec. 28, 2019
Leases [Abstract]  
Leases LEASES
Operating lease expense, which includes immaterial amounts of short-term leases, variable lease costs and sublease income, was as follows during fiscal 2019, 2018 and 2017:
 
2019
 
2018
 
2017
 
(In thousands)
Operating lease expense
$
34,709

 
$
33,717

 
$
32,089


Additional activity related to Cadence’s leases during fiscal 2019 was as follows:
 
2019
 
 
Cash paid for amounts included in the measurement of operating lease liabilities
$
34,961

ROU assets obtained in exchange for operating lease obligations
38,090

ROU lease assets and lease liabilities for Cadence’s operating leases were recorded in the consolidated balance sheet as follows:
 
As of
 
December 28, 2019
 
(In thousands)
Other assets
$
100,343

 
 
Accounts payable and accrued liabilities
25,558

Other long-term liabilities
84,782

Total lease liabilities
$
110,340

 
 
Weighted average remaining lease term (in years)
5.1

Weighted average discount rate
4.5
%

Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of December 28, 2019, for the following five fiscal years and thereafter were as follows:
 
Operating
 
 Leases
 
(In thousands)
2020
$
29,253

2021
29,185

2022
21,049

2023
15,474

2024
10,500

Thereafter
19,359

Total future lease payments
124,820

Less imputed interest
(14,480
)
Total
$
110,340


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