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RECEIVABLES, NET
3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
RECEIVABLES, NET RECEIVABLES, NET
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 receivable174,169 193,963 
Long-term receivables12,898 10,755 
Total receivables407,004 504,532 
Less allowance for doubtful accounts(4,241)(4,553)
Total receivables, net$402,763 $499,979 
Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of March 31, 2024 and December 31, 2023, no single customer accounted for 10% or more of Cadence’s total receivables.