Receivables, net

12 Months Ended

Dec. 31, 2016

Cadence’s current and long-term receivables balances as of December 31, 2016 and January 2, 2016 were as follows:



	As of
	December 31, 2016		January 2, 2016
	(In thousands)
Accounts receivable	$	85,554	$	107,041
Unbilled accounts receivable	71,617		57,807
Long-term receivables	12,949		4,498
Total receivables	170,120		169,346
Less allowance for doubtful accounts	—		—
Total receivables, net	$	170,120	$	169,346

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of December 31, 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 December 31, 2016, approximately 47% 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.

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