Receivables and Allowances for Doubtful Accounts

9 Months Ended

Sep. 29, 2012

Receivables [Abstract]

RECEIVABLES AND ALLOWANCES FOR DOUBTFUL ACCOUNTS

RECEIVABLES AND ALLOWANCES FOR DOUBTFUL ACCOUNTS

Cadence’s current and long-term receivables balances as of September 29, 2012 and December 31, 2011 were as follows:

	As of
	September 29, 2012			December 31, 2011
	(In thousands)
Accounts receivable	$	96,216		$	99,686
Installment contract receivables, short-term	27,100			37,086
Long-term receivables	5,668			11,371
Total receivables	$	128,984		$	148,143
Less allowance for doubtful accounts	(110		)	—
Total receivables, net	$	128,874		$	148,143

Cadence’s customers are primarily concentrated within the semiconductor, electronics systems and consumer electronics industries. As of September 29, 2012, one customer accounted for 10% of Cadence’s total receivables and as of December 31, 2011, no single customer accounted for more than 10% of Cadence’s total receivables. As of September 29, 2012, approximately 55% 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.

The following table presents the change in Cadence's allowance for doubtful accounts for the nine months ended September 29, 2012:

	Balance at Beginning of Period		Charged to Costs and Expenses			Uncollectible Accounts Written Off, Net		Balance at End of Period
Allowance for doubtful accounts	$	—	$	(120	)	$	10	$	(110	)