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Receivables, Net

12 Months Ended

Dec. 31, 2022

Cadence’s current and long-term receivables balances as of December 31, 2022 and January 1, 2022 were as follows:


	As of
	December 31, 2022		January 1, 2022
	(In thousands)
Accounts receivable	$	314,666	$	185,599
Unbilled accounts receivable	174,334		155,689
Long-term receivables	2,735		5,098
Total receivables	491,735		346,386
Less allowance for doubtful accounts	(2,290)		(3,692)
Total receivables, net	$	489,445	$	342,694

Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of December 31, 2022 and January 1, 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 2022, 2021 and 2020 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, 2022	$	3,692	$	204	$	—	$	(1,606)	$	2,290
Year ended January 1, 2022	2,867		525		780		(480)		3,692
Year ended January 2, 2021	$	2,868	$	1,628	$	225	$	(1,854)	$	2,867