Receivables, Net

12 Months Ended

Jan. 01, 2022

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

Cadence’s current and long-term receivables balances as of January 1, 2022 and January 2, 2021 were as follows:

	As of
	January 1, 2022		January 2, 2021
	(In thousands)
Accounts receivable	$	185,599	$	196,990
Unbilled accounts receivable	155,689		144,364
Long-term receivables	5,098		3,655
Total receivables	346,386		345,009
Less allowance for doubtful accounts	(3,692)		(2,867)
Total receivables, net	$	342,694	$	342,142

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of January 1, 2022 and January 2, 2021, 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 2021, 2020 and 2019 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 1, 2022	$	2,867	$	525	$	780	$	(480)	$	3,692
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

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* Beginning balance for the year ended January 2, 2021 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.