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RECEIVABLES, NET | 6 Months Ended
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Jun. 30, 2024
Receivables [Abstract] |
RECEIVABLES, NET | RECEIVABLES, NET Cadence’s current and long-term receivables balances as of June 30, 2024 and December 31, 2023 were as follows:
| As of
| June 30, 2024 |  | December 31, 2023
| (In thousands)
Accounts receivable | $ | 386,713 |  |  | $ | 299,814 |
Unbilled accounts receivable | 182,823 |  |  | 193,963 |
Long-term receivables | 11,718 |  |  | 10,755 |
Total receivables | 581,254 |  |  | 504,532 |
Less allowance for doubtful accounts | (4,685) |  |  | (4,553) |
Total receivables, net | $ | 576,569 |  |  | $ | 499,979 |
Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of June 30, 2024, one customer accounted for approximately 11% of Cadence’s total receivables. As of December 31, 2023, no single customer accounted for 10% or more of Cadence’s total receivables.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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- References No definition available. + Details
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