Receivables and Allowances for Doubtful Accounts

12 Months Ended

Jan. 02, 2016

Cadence’s current and long-term receivables balances as of January 2, 2016 and January 3, 2015 were as follows:



	As of
	January 2, 2016		January 3, 2015
	(In thousands)
Accounts receivable	$	107,041	$	79,410
Unbilled accounts receivable	57,807		43,082
Long-term receivables	4,498		3,644
Total receivables	$	169,346	$	126,136
Less allowance for doubtful accounts	—		—
Total receivables, net	$	169,346	$	126,136

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of January 2, 2016, one customer accounted for 12% of Cadence’s total receivables, and no other customer accounted for 10% or more of Cadence’s total receivables. As of January 3, 2015, no one customer accounted for 10% or more of Cadence’s total receivables. As of January 2, 2016, approximately 45% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables. As of January 3, 2015, approximately 43% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables.