SEGMENT INFORMATION

3 Months Ended

Apr. 01, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATIONOperating 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 Chief Operating Decision Maker (the “CODM”), which for the Company is its Chief Executive Officer, in deciding how to allocate resources and assess performance. Based on the Company’s 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 telecommunications Pay-TV service providers. The Cable Access segment provides 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:

	Three Months Ended
(in thousands)	April 1, 2022		April 2, 2021
Video
Revenue	$	65,842	$	70,331
Gross profit	38,684		38,774
Operating income	3,139		3,772
Cable Access
Revenue	$	81,597	$	41,245
Gross profit	31,011		17,408
Operating income	8,139		1,296
Total
Revenue	$	147,439	$	111,576
Gross profit	69,695		56,182
Operating income	$	11,278	$	5,068

A reconciliation of the Company’s consolidated segment operating income to consolidated income (loss) before income taxes is as follows:

	Three Months Ended
(in thousands)	April 1, 2022		April 2, 2021
Total consolidated segment operating income	$	11,278	$	5,068
Unallocated corporate expenses(1)	(1,156)		(7)
Stock-based compensation	(7,586)		(8,398)
Amortization of intangibles	—		(507)
Consolidated income (loss) from operations	2,536		(3,844)
Non-operating expense, net	(1,371)		(1,584)
Income (loss) before income taxes	$	1,165	$	(5,428)

(1) Together with amortization of intangibles and stock-based compensation, the Company does not allocate restructuring and related charges to the operating income (loss) for each segment because management does not include this information in the measurement of the performance of the operating segments.

Geographic Information	Three Months Ended
(in thousands)	April 1, 2022		April 2, 2021
Net revenue (1)
United States	$	86,878	$	67,095
Other countries	60,561		44,481
Total	$	147,439	$	111,576

(1)  Revenue is attributed to countries based on the location of the customer.