Receivables, net

6 Months Ended

Jun. 28, 2014

Receivables [Abstract]

RECEIVABLES AND ALLOWANCES FOR DOUBTFUL ACCOUNTS

RECEIVABLES, NET

Cadence’s current and long-term receivables balances as of June 28, 2014 and December 28, 2013 were as follows:

	As of
	June 28, 2014		December 28, 2013
	(In thousands)
Accounts receivable	$	77,088	$	76,057
Unbilled accounts receivable	24,836		31,567
Long-term receivables	5,611		3,672
Total receivables	$	107,535	$	111,296
Less allowance for doubtful accounts	—		—
Total receivables, net	$	107,535	$	111,296

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of June 28, 2014 and December 28, 2013, no single customer accounted for 10% of Cadence’s total receivables. As of June 28, 2014, approximately 50% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables. As of December 28, 2013, approximately 47% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables.