Revenues (Tables)

6 Months Ended

Jul. 03, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables present our revenues disaggregated by major product category.

	Broadband  & 5G		Industrial Automation		Smart Buildings		Total  Revenues
Three Months Ended July 3, 2022	(In thousands)
Enterprise Solutions	$	146,771	$	—	$	160,673	$	307,444
Industrial Automation Solutions	—		359,107		—		359,107
Total	$	146,771	$	359,107	$	160,673	$	666,551
Three Months Ended July 4, 2021
Enterprise Solutions	$	124,760	$	—	$	142,768	$	267,528
Industrial Automation Solutions	—		308,329		—		308,329
Total	$	124,760	$	308,329	$	142,768	$	575,857
Six Months Ended July 3, 2022
Enterprise Solutions	$	268,576	$	—	$	307,298	$	575,874
Industrial Automation Solutions	—		701,048		—		701,048
Total	$	268,576	$	701,048	$	307,298	$	1,276,922
Six Months Ended July 4, 2021
Enterprise Solutions	$	229,851	$	—	$	264,032	$	493,883
Industrial Automation Solutions	—		590,657		—		590,657
Total	$	229,851	$	590,657	$	264,032	$	1,084,540

The following tables present our revenues disaggregated by geography, based on the location of the customer purchasing the product.

	Americas		EMEA		APAC		Total Revenues
Three Months Ended July 3, 2022	(In thousands)
Enterprise Solutions	$	233,501	$	36,497	$	37,446	$	307,444
Industrial Automation Solutions	214,045		91,765		53,297		359,107
Total	$	447,546	$	128,262	$	90,743	$	666,551
Three Months Ended July 4, 2021
Enterprise Solutions	$	192,138	$	40,468	$	34,922	$	267,528
Industrial Automation Solutions	176,264		83,090		48,975		308,329
Total	$	368,402	$	123,558	$	83,897	$	575,857
Six Months Ended July 3, 2022
Enterprise Solutions	$	437,887	$	75,886	$	62,101	$	575,874
Industrial Automation Solutions	418,355		182,216		100,477		701,048
Total	$	856,242	$	258,102	$	162,578	$	1,276,922
Six Months Ended July 4, 2021
Enterprise Solutions	$	354,813	$	78,404	$	60,666	$	493,883
Industrial Automation Solutions	342,487		158,186		89,984		590,657
Total	$	697,300	$	236,590	$	150,650	$	1,084,540

Contract with Customer, Asset and Liability

The following table presents estimated and accrued variable consideration:

	July 3, 2022		December 31, 2021
	(in thousands)
Accrued rebates included in accrued liabilities	$	43,249	$	55,520
Accrued returns included in accrued liabilities	10,212		12,500
Price adjustments recognized against gross accounts receivable	26,205		23,035

The following table presents deferred revenue activity during the three and six months ended July 3, 2022 and July 4, 2021, respectively:

	2022		2021
	(In thousands)
Beginning balance at January 1	$	19,390	$	11,130
New deferrals	8,857		3,751
Acquisitions	6,567		5,997
Revenue recognized	(3,365)		(1,272)
Balance at the end of Q1	31,449		19,606
New deferrals	4,265		4,127
Acquisitions	—		(2,740)
Revenue recognized	(8,880)		(83)
Balance at the end of Q2	$	26,834	$	20,910

Sales Commissions

The following table presents sales commissions that are recorded within selling, general and administrative expenses:

	Three Months Ended				Six Months ended
	July 3, 2022		July 4, 2021		July 3, 2022		July 4, 2021
	(In thousands)
Sales commissions	$	6,131	$	4,653	$	11,354	$	8,435