Receivables, net

9 Months Ended

Oct. 01, 2016

Cadence’s current and long-term receivables balances as of October 1, 2016 and January 2, 2016 were as follows:



	As of
	October 1, 2016		January 2, 2016
	(In thousands)
Accounts receivable	$	80,034	$	107,041
Unbilled accounts receivable	71,991		57,807
Long-term receivables	14,961		4,498
Total receivables	166,986		169,346
Less allowance for doubtful accounts	—		—
Total receivables, net	$	166,986	$	169,346

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of October 1, 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 October 1, 2016, approximately 44% of Cadence’s total receivables were attributable to the ten customers with the largest balances of 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.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details