Restructuring and Other Charges (Tables)

9 Months Ended

Sep. 26, 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 nine months ended September 26, 2020:

	Severance and Benefits		Excess Facilities		Total
	(In thousands)
Balance, December 28, 2019	$	9,229	$	409	$	9,638
Restructuring and other credits	(1,280)		(49)		(1,329)
Cash payments	(6,955)		(200)		(7,155)
Effect of foreign currency translation	(50)		(3)		(53)
Balance, September 26, 2020	$	944	$	157	$	1,101

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
	September 26, 2020
	(In thousands)
Accounts payable and accrued liabilities	$	1,051
Other long-term liabilities	50
Total restructuring liabilities	$	1,101

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 September 26, 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.