Restructuring and Other Termination Benefits (Tables)

6 Months Ended

Jul. 03, 2021

Restructuring and Related Activities [Abstract]

Restructuring reserve rollforward by major type of cost

The following table presents activity for Cadence’s restructuring plans during the six months ended July 3, 2021:

	Severance and Benefits		Facilities		Total
	(In thousands)
Balance, January 2, 2021	$	7,321	$	1,372	$	8,693
Restructuring and other credits	(1,135)		389		(746)
Cash payments	(5,340)		(1,314)		(6,654)
Effect of foreign currency translation	(67)		(1)		(68)
Balance, July 3, 2021	$	779	$	446	$	1,225

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
	July 3, 2021
	(In thousands)
Accounts payable and accrued liabilities	$	1,207
Other long-term liabilities	18
Total restructuring liabilities	$	1,225