Receivables, net

6 Months Ended

Jun. 27, 2020

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

Cadence’s current and long-term receivables balances as of June 27, 2020 and December 28, 2019 were as follows:

	As of
	June 27, 2020		December 28, 2019
	(In thousands)
Accounts receivable	$	205,415	$	179,250
Unbilled accounts receivable	110,455		126,165
Long-term receivables	1,687		3,082
Total receivables	317,557		308,497
Less allowance for doubtful accounts	(3,112)		(869)
Total receivables, net	$	314,445	$	307,628

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of June 27, 2020 and December 28, 2019, no customer accounted for 10% of Cadence’s total receivables.