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RECEIVABLES, NET | 12 Months Ended
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Dec. 31, 2024
Receivables [Abstract] |
RECEIVABLES, NET | RECEIVABLES, NET Cadence’s current and long-term receivables balances as of December 31, 2024, and December 31, 2023, were as follows:
| As of
| December 31, 2024 |  | December 31, 2023
| (In thousands)
Accounts receivable | $ | 393,017 |  |  | $ | 299,814 |
Unbilled accounts receivable | 293,251 |  |  | 193,963 |
Long-term receivables | 24,179 |  |  | 10,755 |
Total receivables | 710,447 |  |  | 504,532 |
Less allowance for doubtful accounts | (5,808) |  |  | (4,553) |
Total receivables, net | $ | 704,639 |  |  | $ | 499,979 |
Cadence’s customers are primarily concentrated within the semiconductor and electronics systems industries. As of December 31, 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. Allowance for doubtful accounts Cadence’s provisions for losses on its accounts receivable during fiscal 2024, 2023 and 2022 were as follows:
|  | Balance at Beginning of Period |  | Charged to Costs and Expenses |  |  |  | Uncollectible Accounts Written Off, Net |  | Balance at End of Period
Year ended December 31, 2024 |  | $ | 4,553 |  |  | $ | 2,078 |  |  |  |  | $ | (823) |  |  | $ | 5,808 |
Year ended December 31, 2023 |  | 2,290 |  |  | 3,325 |  |  |  |  | (1,062) |  |  | 4,553 |
Year ended December 31, 2022 |  | $ | 3,692 |  |  | $ | 204 |  |  |  |  | $ | (1,606) |  |  | $ | 2,290 |

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- Definition The entire disclosure for claims held for amounts due to 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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