Total future lease payments

[Table of](#i090043fcb1da400aaac214abf3d3ee98_7) [Contents](#i090043fcb1da400aaac214abf3d3ee98_7)ROU lease assets and lease liabilities for Cadence’s operating leases were recorded in the consolidated balance sheet as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of |
|  | January 1,2022 |  | January 2,2021 |
|  | (In thousands) |
| Other assets | $ | 130,124  |  |  | $ | 133,354  |  |
|  |  |  |  |
| Accounts payable and accrued liabilities | 25,271  |  |  | 33,920  |  |
| Other long-term liabilities | 107,121  |  |  | 113,916  |  |
| Total lease liabilities | $ | 132,392  |  |  | $ | 147,836  |  |
|  |  |  |  |
| Weighted average remaining lease term (in years) | 6.5 |  | 6.7 |
| Weighted average discount rate | 3.6  | % |  | 3.8  | % |

Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of January 1, 2022, for the following five fiscal years and thereafter were as follows:

|  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |
|  | Operating |  |  |  |  |
|  |  Leases |  |  |  |  |
|  | (In thousands) |
| 2022 | $ | 28,471  |  |  |  |  |  |
| 2023 | 26,828  |  |  |  |  |  |
| 2024 | 23,271  |  |  |  |  |  |
| 2025 | 19,715  |  |  |  |  |  |
| 2026 | 13,298  |  |  |  |  |  |
| Thereafter | 36,770  |  |  |  |  |  |
| Total future lease payments | 148,353  |  |  |  |  |  |
| Less imputed interest | (15,961) |  |  |  |  |  |
| Total lease liability balance | $ | 132,392  |  |  |  |  |  |

As of January 1, 2022, Cadence had additional operating lease obligations of approximately $22.7 million for facility leases that will commence in fiscal 2022. 75
