Receivables, Net

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

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

	As of
	December 31, 2023		December 31, 2022
	(In thousands)
Accounts receivable	$	299,814	$	314,666
Unbilled accounts receivable	193,963		174,334
Long-term receivables	10,755		2,735
Total receivables	504,532		491,735
Less allowance for doubtful accounts	(4,553)		(2,290)
Total receivables, net	$	499,979	$	489,445

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of December 31, 2023, and December 31, 2022, no single 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 2023, 2022 and 2021 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 December 31, 2023	$	2,290	$	3,325	$	—	$	(1,062)	$	4,553
Year ended December 31, 2022	3,692		204		—		(1,606)		2,290
Year ended January 1, 2022	$	2,867	$	525	$	780	$	(480)	$	3,692