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Revenue (Tables)
9 Months Ended
Oct. 02, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Remaining Performance Obligations

The following table summarizes estimated revenue expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) as of October 2, 2022:

 

(In thousands)

 

Less than

1 year

 

 

1 to 2 years

 

 

Beyond

2 years

 

 

Total

 

Performance obligations

 

$

158,447

 

 

$

2,166

 

 

$

1,685

 

 

$

162,298

 

Schedule of Contract Balances

The following table reflects the contract balances:

 

(In thousands)

 

Balance Sheet Location

 

October 2, 2022

 

 

December 31, 2021

 

Accounts receivable, net

 

Accounts receivable, net

 

$

259,908

 

 

$

261,158

 

Contract liabilities - current

 

Deferred revenue

 

$

19,293

 

 

$

16,500

 

Contract liabilities - non-current

 

Other non-current liabilities

 

$

3,575

 

 

$

3,100

 

 

Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel

In the following tables, net revenue is disaggregated by geographic region and sales channel. The Company conducts business across three geographic regions: Americas; Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). The tables also include reconciliations of the disaggregated revenue by reportable segment. The Company operates and reports in two segments: Connected Home, and Small and Medium Business (“SMB”). Sales and usage-based taxes are excluded from net revenue.

 

 

 

Three Months Ended

 

 

 

October 2, 2022

 

 

October 3, 2021

 

(In thousands)

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

Geographic regions (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

120,168

 

 

$

49,192

 

 

$

169,360

 

 

$

158,888

 

 

$

36,235

 

 

$

195,123

 

EMEA

 

 

12,545

 

 

 

32,282

 

 

 

44,827

 

 

 

28,253

 

 

 

28,687

 

 

 

56,940

 

APAC

 

 

17,868

 

 

 

17,532

 

 

 

35,400

 

 

 

21,398

 

 

 

16,689

 

 

 

38,087

 

Total

 

$

150,581

 

 

$

99,006

 

 

$

249,587

 

 

$

208,539

 

 

$

81,611

 

 

$

290,150

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

40,448

 

 

$

1,171

 

 

$

41,619

 

 

$

41,726

 

 

$

449

 

 

$

42,175

 

Non-service provider

 

 

110,133

 

 

 

97,835

 

 

 

207,968

 

 

 

166,813

 

 

 

81,162

 

 

 

247,975

 

Total

 

$

150,581

 

 

$

99,006

 

 

$

249,587

 

 

$

208,539

 

 

$

81,611

 

 

$

290,150

 

 

 

 

 

Nine Months Ended

 

 

 

October 2, 2022

 

 

October 3, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

Geographic regions (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

327,372

 

 

$

130,664

 

 

$

458,036

 

 

$

523,008

 

 

$

103,899

 

 

$

626,907

 

EMEA

 

 

34,230

 

 

 

92,413

 

 

 

126,643

 

 

 

91,975

 

 

 

87,827

 

 

 

179,802

 

APAC

 

 

48,185

 

 

 

50,505

 

 

 

98,690

 

 

 

64,337

 

 

 

45,840

 

 

 

110,177

 

Total

 

$

409,787

 

 

$

273,582

 

 

$

683,369

 

 

$

679,320

 

 

$

237,566

 

 

$

916,886

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

92,544

 

 

$

3,515

 

 

$

96,059

 

 

$

99,355

 

 

$

1,770

 

 

$

101,125

 

Non-service provider

 

 

317,243

 

 

 

270,067

 

 

 

587,310

 

 

 

579,965

 

 

 

235,796

 

 

 

815,761

 

Total

 

$

409,787

 

 

$

273,582

 

 

$

683,369

 

 

$

679,320

 

 

$

237,566

 

 

$

916,886

 

 

 

(1)No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented.