Receivables and Allowances for Doubtful Accounts

3 Months Ended

Mar. 30, 2013

Receivables [Abstract]

RECEIVABLES AND ALLOWANCES FOR DOUBTFUL ACCOUNTS

RECEIVABLES AND ALLOWANCES FOR DOUBTFUL ACCOUNTS

Cadence’s current and long-term receivables balances as of March 30, 2013 and December 29, 2012 were as follows:

	As of
	March 30, 2013		December 29, 2012
	(In thousands)
Accounts receivable	$	41,269	$	67,259
Installment contract receivables, short-term	33,984		30,647
Long-term receivables	3,734		7,559
Total receivables	$	78,987	$	105,465
Less allowance for doubtful accounts	—		(85		)
Total receivables, net	$	78,987	$	105,380

Cadence’s customers are primarily concentrated within the semiconductor, electronics systems and consumer electronics industries. As of March 30, 2013, one customer accounted for approximately 11% of Cadence’s total receivables. As of December 29, 2012, no single customer accounted for 10% of Cadence’s total receivables. As of March 30, 2013, approximately 53% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables. As of December 29, 2012, approximately 47% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables.