RECEIVABLES, NET (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Current and long-term accounts receivable balances

Cadence’s current and long-term receivables balances as of March 31, 2024 and December 31, 2023 were as follows:

	As of
	March 31, 2024		December 31, 2023
	(In thousands)
Accounts receivable	$	219,937	$	299,814
Unbilled accounts receivable	174,169		193,963
Long-term receivables	12,898		10,755
Total receivables	407,004		504,532
Less allowance for doubtful accounts	(4,241)		(4,553)
Total receivables, net	$	402,763	$	499,979