Receivables, Net

12 Months Ended

Dec. 28, 2019

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

Cadence’s current and long-term receivables balances as of December 28, 2019 and December 29, 2018 were as follows:

	As of
	December 28, 2019			December 29, 2018
	(In thousands)
Accounts receivable	$	179,250		$	164,223
Unbilled accounts receivable	126,165			136,795
Long-term receivables	3,082			5,972
Total receivables	308,497			306,990
Less allowance for doubtful accounts	(869		)	(3,936		)
Total receivables, net	$	307,628		$	303,054

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of December 28, 2019, no customer accounted for 10% or more of Cadence’s total receivables. As of December 29, 2018, one customer accounted for 11% of Cadence’s total receivables.

Allowance for doubtful accounts

Cadence’s provisions for losses on its accounts receivable during fiscal 2019, 2018 and 2017 were as follows:

	Balance at Beginning of Period		Charged to Costs and Expenses		Uncollectible Accounts Written Off, Net			Balance at End of Period
Year ended December 28, 2019	$	3,936	$	632	$	(3,699	)	$	869
Year ended December 29, 2018	—		5,102		(1,166		)	3,936
Year ended December 30, 2017	$	—	$	2,623	$	(2,623	)	$	—