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Receivables, net
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
RECEIVABLES, NET RECEIVABLES, NET
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 receivable164,827 174,334 
Long-term receivables9,009 2,735 
Total receivables438,416 491,735 
Less allowance for doubtful accounts(2,902)(2,290)
Total receivables, net$435,514 $489,445 
Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of September 30, 2023 and December 31, 2022, no single customer accounted for 10% or more of Cadence’s total receivables.