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SEGMENT INFORMATION, GEOGRAPHIC INFORMATION AND CUSTOMER CONCENTRATION
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION, GEOGRAPHIC INFORMATION AND CUSTOMER CONCENTRATION 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)
202120202019
Video
Revenue$288,507 $242,510 $278,028 
Gross profit169,468 132,092 162,156 
Operating income28,460 1,326 15,837 
Cable Access
Revenue$218,642 $136,321 $124,846 
Gross profit93,191 66,661 68,548 
Operating income15,599 11,651 22,171 
Total
Revenue$507,149 $378,831 $402,874 
Gross profit$262,659 $198,753 $230,704 
Operating income$44,059 $12,977 $38,008 
A reconciliation of the Company’s total segment operating income to income (loss) before income taxes in as follows:
 Year ended December 31,
(in thousands)
202120202019
Total segment operating income$44,059 $12,977 $38,008 
Unallocated corporate expenses (1)
(681)(3,416)(4,532)
Stock-based compensation(24,062)(18,040)(12,074)
Amortization of intangibles(507)(3,970)(8,319)
Income (loss) from operations18,809 (12,449)13,083 
Loss on convertible debt extinguishment— (1,362)(5,695)
Non-operating expense, net(9,938)(12,406)(13,984)
Income (loss) before income taxes$8,871 $(26,217)$(6,596)
(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)
202120202019
United States$282,912 $191,854 $202,272 
Other countries224,237 186,977 200,602 
Total$507,149 $378,831 $402,874 
(1) Revenue is attributed to countries based on the location of the customer.
Other than the United States, no single country accounted for 10% or more of the Company’s net revenues for the years ended December 31, 2021, 2020 and 2019.
Property and equipment, net:As of December 31,
(in thousands)20212020
United States$29,740 $31,017 
Israel8,715 8,803 
France3,656 2,461 
Other countries610 860 
Total$42,721 $43,141 
Customer Concentration
One customer, Comcast, accounted for 26%, 20% and 23% of the Company’s total net revenues during the years ended December 31, 2021, 2020 and 2019, respectively.