Receivables, net

6 Months Ended

Jul. 02, 2016

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



	As of
	July 2, 2016		January 2, 2016
	(In thousands)
Accounts receivable	$	77,760	$	107,041
Unbilled accounts receivable	78,684		57,807
Long-term receivables	17,368		4,498
Total receivables	173,812		169,346
Less allowance for doubtful accounts	—		—
Total receivables, net	$	173,812	$	169,346

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