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SEGMENT INFORMATION, GEOGRAPHIC INFORMATION AND CUSTOMER CONCENTRATION
 12 Months Ended
Dec. 31, 2022
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 Broadband. During the third quarter of fiscal 2022, the Company’s Cable Access segment was renamed the Broadband segment to reflect a broader strategic view of the category. There has been no change to the composition of the segment; therefore, no prior periods were restated. 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, broadband operators, and satellite and telco Pay-TV service providers. The Broadband segment provides CableOS broadband access solutions and related services to broadband 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)
202220212020
Video
Revenue$274,189 $288,507 $242,510 
Gross profit165,618 169,468 132,092 
Operating income22,322 28,460 1,326 
Broadband
Revenue$350,768 $218,642 $136,321 
Gross profit153,031 93,191 66,661 
Operating income52,283 15,599 11,651 
Total
Revenue$624,957 $507,149 $378,831 
Gross profit$318,649 $262,659 $198,753 
Operating income$74,605 $44,059 $12,977 
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)
202220212020
Total segment operating income$74,605 $44,059 $12,977 
Unallocated corporate expenses (1)
(3,874)(681)(3,416)
Stock-based compensation(25,212)(24,062)(18,040)
Amortization of intangibles— (507)(3,970)
Income (loss) from operations45,519 18,809 (12,449)
Loss on convertible debt extinguishment— — (1,362)
Non-operating expense, net(1,034)(9,938)(12,406)
Income (loss) before income taxes$44,485 $8,871 $(26,217)
(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)
202220212020
United States$393,991 $282,912 $191,854 
Other countries230,966 224,237 186,977 
Total$624,957 $507,149 $378,831 
(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, 2022, 2021 and 2020.
Property and equipment, net:As of December 31,
(in thousands)20222021
United States$25,395 $29,740 
Israel10,621 8,715 
France3,372 3,656 
Other countries426 610 
Total$39,814 $42,721 
Customer Concentration
One customer, Comcast, accounted for 39%, 26% and 20% of the Company’s total net revenues during the years ended December 31, 2022, 2021 and 2020, respectively.