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Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION, GEOGRAPHIC INFORMATION AND CUSTOMER CONCENTRATION
Segment Information
Operating segments are defined as components of an enterprise that engage in business activities for which separate financial information is available and evaluated by the Company’s CODM, which for the Company is its Chief Executive Officer, in deciding how to allocate resources and assess performance. Based on our internal reporting structure, the Company consists of two operating segments: Video and Cable Edge, and prior to the fourth quarter of 2014, the Company operated its business in only one reportable segment. The operating segments were determined based on the nature of the products offered. The Video segment sells video processing and production and playout solutions and services worldwide to broadcast and media companies, streaming new media companies, cable operators, and satellite and telecommunications (telco) Pay-TV service providers. The Cable Edge segment sells cable edge solutions and related services to cable operators globally.
The Company does not allocate amortization of intangibles, stock-based compensation, restructuring and asset impairment charges, and certain other non-recurring charges to the operating income for each segment because management does not include this information in the measurement of the performance of the operating segments. A measure of assets by segment is not applicable as segment assets are not included in the discrete financial information provided to the CODM.
The following tables provide summary financial information by reportable segment (in thousands):
 
Year ended December 31,
 
2015
 
2014
 
2013
Net revenue:


 


 


  Video
$
291,779

 
$
326,756

 
$
381,994

  Cable Edge
85,248

 
106,801

 
79,946

Total consolidated net revenue
$
377,027

 
$
433,557

 
$
461,940

 
 
 
 
 
 
Operating income (loss):


 


 


  Video
$
13,529

 
$
18,073


$
24,583

  Cable Edge
(1,599
)
 
1,239

 
(1,282
)
Total segment operating income
11,930

 
19,312

 
23,301

Unallocated corporate expenses
(2,794
)
 
(3,076
)
 
(2,994
)
Stock-based compensation
(15,582
)
 
(17,287
)
 
(16,002
)
Amortization of intangibles
(6,502
)
 
(20,520
)
 
(27,329
)
Loss from operations
(12,948
)
 
(21,571
)
 
(23,024
)
Non-operating expense
(3,120
)
 
(224
)
 
(128
)
Loss from continuing operations before income taxes
$
(16,068
)
 
$
(21,795
)
 
$
(23,152
)

Unallocated corporate expenses include certain corporate-level operating expenses and charges such as restructuring and asset impairment charges, transaction costs associated with the potential TVN acquisition (See Note 20, “Subsequent Event-TVN Acquisition” for additional information), and proxy contest related expenses.
Geographic Information
Revenue by geographic region, based on the location at which each sale originates, and property and equipment, net by geographic region, are summarized as follows (in thousands):
 
Year ended December 31,
 
2015
 
2014
 
2013
Net revenue:
 
 
 
 
 
   United States
$
175,466

 
$
206,610

 
$
199,790

   Other countries
201,561

 
226,947

 
262,150

      Total
$
377,027

 
$
433,557

 
$
461,940

Other than the U.S., no country accounted for 10% or more of the Company’s net revenues for the years ended December 31, 2015, 2014, and 2013.
 
As of December 31,
 
2015
 
2014
Property and equipment, net:
 
 
 
   United States
$
17,086

 
$
19,148

   Israel
7,560

 
4,888

   Other countries
2,366

 
3,185

      Total
$
27,012

 
$
27,221


Customer Concentration
Net revenue from Comcast accounted for 12%, 16% and 12%, respectively, of the Company’s total net revenue during the years ended December 31, 2015, 2014 and 2013. Other than Comcast, no customer accounted for 10% or more of the Company’s total net revenue for any of the above periods.