Receivables, net (Tables)

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Current and long-term accounts receivable balances

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

	As of
	September 30, 2023		December 31, 2022
	(In thousands)
Accounts receivable	$	264,580	$	314,666
Unbilled accounts receivable	164,827		174,334
Long-term receivables	9,009		2,735
Total receivables	438,416		491,735
Less allowance for doubtful accounts	(2,902)		(2,290)
Total receivables, net	$	435,514	$	489,445