Receivables and Allowances for Doubtful Accounts

9 Months Ended

Sep. 28, 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 September 28, 2013 and December 29, 2012 were as follows:

	As of
	September 28, 2013			December 29, 2012
	(In thousands)
Accounts receivable	$	61,906		$	67,259
Installment contract receivables, short-term	40,134			30,647
Long-term receivables	3,994			7,559
Total receivables	$	106,034		$	105,465
Less allowance for doubtful accounts	(144		)	(85		)
Total receivables, net	$	105,890		$	105,380

Cadence’s customers are primarily concentrated within the semiconductor, electronics systems and consumer electronics industries. As of September 28, 2013, one customer accounted for approximately 13% of Cadence’s total receivables. As of December 29, 2012, no single customer accounted for 10% of Cadence's total receivables. As of September 28, 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.