Accounts Receivable and Allowances for Doubtful Accounts

6 Months Ended

Jun. 30, 2012

Accounts Receivable and Allowances for Doubtful Accounts [Abstract]

ACCOUNTS RECEIVABLE AND ALLOWANCES FOR DOUBTFUL ACCOUNTS

NOTE 6. ACCOUNTS RECEIVABLE AND ALLOWANCES FOR DOUBTFUL ACCOUNTS

Cadence’s current and long-term accounts receivable balances as of June 30, 2012 and December 31, 2011 were as follows:

	As of
	June 30, 2012		December 31, 2011
	(In thousands)
Accounts receivable	$	75,135	$	99,686
Installment contract receivables, short-term		48,108		37,086
Long-term receivables		7,750		11,371
Total receivables	$	130,933	$	148,143

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industry. As of June 30, 2012 and December 31, 2011, no single customer accounted for more than 10% of Cadence’s total receivables. As of June 30, 2012, approximately 49% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables. As of December 31, 2011, approximately 45% of Cadence’s total receivables were attributable to the ten customers with the largest balances of total receivables.