Receivables, net

6 Months Ended

Jul. 03, 2021

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

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

	As of
	July 3, 2021		January 2, 2021
	(In thousands)
Accounts receivable	$	250,812	$	196,990
Unbilled accounts receivable	142,846		144,364
Long-term receivables	4,879		3,655
Total receivables	398,537		345,009
Less allowance for doubtful accounts	(3,672)		(2,867)
Total receivables, net	$	394,865	$	342,142

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of July 3, 2021, one customer accounted for 11% of Cadence’s total receivables. As of January 2, 2021, no customer accounted for 10% or more of Cadence’s total receivables.