Receivables, net (Tables)

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Current and long-term accounts receivable balances

Cadence’s current and long-term receivables balances as of June 30, 2023 and December 31, 2022 were as follows:

	As of
	June 30, 2023		December 31, 2022
	(In thousands)
Accounts receivable	$	290,350	$	314,666
Unbilled accounts receivable	152,717		174,334
Long-term receivables	4,869		2,735
Total receivables	447,936		491,735
Less allowance for doubtful accounts	(2,152)		(2,290)
Total receivables, net	$	445,784	$	489,445