Receivables, Net

12 Months Ended

Jan. 02, 2021

Cadence’s current and long-term receivables balances as of January 2, 2021 and December 28, 2019 were as follows:


	As of
	January 2, 2021		December 28, 2019
	(In thousands)
Accounts receivable	$	196,990	$	179,250
Unbilled accounts receivable	144,364		126,165
Long-term receivables	3,655		3,082
Total receivables	345,009		308,497
Less allowance for doubtful accounts	(2,867)		(869)
Total receivables, net	$	342,142	$	307,628

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of January 2, 2021 and December 28, 2019, no customer accounted for 10% or more of Cadence’s total receivables.

Allowance for doubtful accounts

Cadence’s provisions for losses on its accounts receivable during fiscal 2020, 2019 and 2018 were as follows:


	Balance at Beginning of Period*		Charged to Costs and Expenses		Charged to Other Accounts		Uncollectible Accounts Written Off, Net		Balance at End of Period

Year ended January 2, 2021	$	2,868	$	1,628	$	225	$	(1,854)	$	2,867
Year ended December 28, 2019	3,936		632		—		(3,699)		869
Year ended December 29, 2018	$	—	$	5,102	$	—	$	(1,166)	$	3,936

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* Beginning balance for fiscal 2020 reflects the cumulative-effect adjustment recorded in connection with the adoption of ASU 2016-13, “Measurement of Credit Losses on Financial Instruments” on the first day of fiscal 2020. For additional discussion of recently adopted accounting standards, see Note 2 in the notes to the consolidated financial statements.