Restructuring and Other Charges (Tables)

3 Months Ended

Mar. 28, 2020

Restructuring and Related Activities [Abstract]

Restructuring reserve rollforward by major type of cost

The following table presents activity relating to Cadence’s restructuring plans during the three months ended March 28, 2020:

	Severance and Benefits			Excess Facilities			Total
	(In thousands)
Balance, December 28, 2019	$	9,229		$	409		$	9,638
Restructuring and other credits	(1,032		)	(35		)	(1,067		)
Cash payments	(4,872		)	(56		)	(4,928		)
Effect of foreign currency translation	(83		)	(3		)	(86		)
Balance, March 28, 2020	$	3,242		$	315		$	3,557

Schedule of restructuring reserve by balance sheet classification

The remaining liability for Cadence’s restructuring plans is recorded in the condensed consolidated balance sheet as follows:

	As of
	March 28, 2020
	(In thousands)
Accounts payable and accrued liabilities	$	3,479
Other long-term liabilities	78
Total restructuring liabilities	$	3,557

All liabilities for severance and related benefits under Cadence’s restructuring plans are included in accounts payable and accrued liabilities on Cadence’s condensed consolidated balance sheet as of March 28, 2020. 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.