Receivables, net

9 Months Ended

Oct. 02, 2021

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

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

	As of
	October 2, 2021		January 2, 2021
	(In thousands)
Accounts receivable	$	184,298	$	196,990
Unbilled accounts receivable	146,550		144,364
Long-term receivables	3,832		3,655
Total receivables	334,680		345,009
Less allowance for doubtful accounts	(3,657)		(2,867)
Total receivables, net	$	331,023	$	342,142

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of October 2, 2021, one customer accounted for 13% of Cadence’s total receivables. As of January 2, 2021, no customer accounted for 10% or more of Cadence’s total receivables.