Restructuring and Other Termination Benefits (Tables)

9 Months Ended

Oct. 02, 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 nine months ended October 2, 2021:

	Severance and Benefits		Facilities		Total
	(In thousands)
Balance, January 2, 2021	$	7,321	$	1,372	$	8,693
Restructuring and other credits	(1,379)		411		(968)
Cash payments	(5,715)		(1,596)		(7,311)
Effect of foreign currency translation	(67)		—		(67)
Balance, October 2, 2021	$	160	$	187	$	347

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
	October 2, 2021
	(In thousands)
Accounts payable and accrued liabilities	$	340
Other long-term liabilities	7
Total restructuring liabilities	$	347