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SEGMENT INFORMATION
3 Months Ended
Mar. 29, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION 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 regularly 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 internal reporting structure, the Company consists of two operating segments: Broadband and Video. The operating segments were determined based on the nature of the products offered. The Broadband segment provides 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 Video segment provides video processing, production and playout solutions and services worldwide to broadcast and media companies, new streaming media companies, broadband operators, and satellite and telecommunications (“telco”) Pay-TV service providers.
The following table provides summary financial information by reportable segment:
Three Months Ended
(in thousands)March 29, 2024March 31, 2023
Broadband
Revenue$78,897 $100,351 
Operating income8,594 20,113 
Video
Revenue$43,163 $57,298 
Operating loss(7,351)(1,426)
Total
Revenue$122,060 $157,649 
Operating income1,243 18,687 
A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows:
Three Months Ended
(in thousands)March 29, 2024March 31, 2023
Total consolidated segment operating income$1,243 $18,687 
Unallocated corporate expenses(1)
(3,846)(83)
Stock-based compensation(6,923)(7,424)
Consolidated income (loss) from operations(9,526)11,180 
Non-operating expense, net(1,012)(999)
Income (loss) before income taxes$(10,538)$10,181 
(1) Together with stock-based compensation, the Company does not allocate restructuring and related charges and other non-recurring expenses 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.
Disaggregation of Revenues
The following table provides a summary of total revenues disaggregated by type:
Three Months Ended
(in thousands)March 29, 2024March 31, 2023
Product sales$73,916 $107,824 
Professional services7,679 6,970 
Total Appliance and integration81,595 114,794 
SaaS12,864 11,583 
Support services27,601 31,272 
Total SaaS and services40,465 42,855 
Total revenue$122,060 $157,649 
The following table provides a summary of total revenues by geographic region:
Three Months Ended
(in thousands)March 29, 2024March 31, 2023
United States (1)
$81,992 $105,741 
Other countries (1)
40,068 51,908 
Total revenue$122,060 $157,649 
(1)  Revenue is attributed to countries based on the location of the customer.
No single country, other than the United States, accounted for 10% or more of the Company’s net revenues for the three months ended March 29, 2024 and March 31, 2023, respectively.