Receivables, net

3 Months Ended

Apr. 03, 2021

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

Cadence’s current and long-term receivables balances as of April 3, 2021 and January 2, 2021 were as follows:

	As of
	April 3, 2021		January 2, 2021
	(In thousands)
Accounts receivable	$	238,926	$	196,990
Unbilled accounts receivable	153,465		144,364
Long-term receivables	3,238		3,655
Total receivables	395,629		345,009
Less allowance for doubtful accounts	(3,725)		(2,867)
Total receivables, net	$	391,904	$	342,142

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of April 3, 2021 and January 2, 2021, no customer accounted for 10% or more of Cadence’s total receivables.