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Segment Information
12 Months Ended
Dec. 31, 2020
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 the internal reporting structure, the Company consists of two operating segments: Video and Cable Access. The operating segments were determined based on the nature of the products offered. The Video segment provides video processing and production and playout solutions and services worldwide to broadcast and media companies, streaming new media companies, cable operators, and satellite and telco Pay-TV service providers. The Cable Access segment provides CableOS cable access solutions and related services to cable operators globally. 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 table provides summary financial information by reportable segment:
 Year ended December 31,
 (in thousands)
202020192018
Video
Revenue$242,510 $278,028 $313,828 
Gross profit132,092 162,156 178,170 
Operating income1,326 15,837 26,170 
Cable Access
Revenue$136,321 $124,846 $89,730 
Gross profit66,661 68,548 39,029 
Operating income (loss)11,651 22,171 (1,756)
Total
Revenue$378,831 $402,874 $403,558 
Gross profit$198,753 $230,704 $217,199 
Operating income$12,977 $38,008 $24,414 
A reconciliation of the Company’s consolidated segment operating income to consolidated loss before income taxes:
 Year ended December 31,
(in thousands)
202020192018
Total segment operating income$12,977 $38,008 $24,414 
Unallocated corporate expenses (1)
(3,416)(4,532)(3,769)
Stock-based compensation(18,040)(12,074)(17,289)
Amortization of intangibles(3,970)(8,319)(8,367)
Consolidated income (loss) from operations(12,449)13,083 (5,011)
Loss on convertible debt extinguishment(1,362)(5,695)— 
Non-operating expense, net(12,406)(13,984)(11,937)
Loss before income taxes$(26,217)$(6,596)$(16,948)
(1) Together with amortization of intangibles and stock-based compensation, the Company does not allocate restructuring and related 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.
Geographic Information
Net revenue (1):
Year ended December 31,
(in thousands)
202020192018
   United States$191,854 $202,272 $181,965 
   Other countries186,977 200,602 221,593 
      Total$378,831 $402,874 $403,558 
(1) Revenue is attributed to countries based on the location of the customer.
Other than the U.S., no single country accounted for 10% or more of the Company’s net revenues for the years ended December 31, 2020, 2019 and 2018.
Property and equipment, net:As of December 31,
(in thousands)20202019
   United States$31,017 $13,301 
   Israel8,803 5,919 
   France2,461 2,615 
   Other countries860 1,093 
      Total$43,141 $22,928 
Customer Concentration
Net revenue from Comcast accounted for 20%, 23% and 15% of total revenue during the years ended December 31, 2020, 2019 and 2018, respectively.