Receivables, net

6 Months Ended

Jun. 30, 2018

Cadence’s current and long-term receivables balances as of June 30, 2018 and December 30, 2017 were as follows:



	As of
	June 30, 2018			December 30, 2017
	(In thousands)
Accounts receivable	$	102,118		$	119,325
Unbilled accounts receivable	117,969			71,101
Long-term receivables	4,740			12,239
Total receivables	224,827			202,665
Less allowance for doubtful accounts	(1,015		)	—
Total receivables, net	$	223,812		$	202,665

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of June 30, 2018, no one customer accounted for 10% or more of Cadence’s total receivables. As of December 30, 2017, one customer accounted for 17% of Cadence’s 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