Revenues (Tables)

9 Months Ended

Oct. 01, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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

	Broadband  Solutions		Industrial Automation		Smart Buildings		Total  Revenues
Three Months Ended October 1, 2023	(In thousands)
Enterprise Solutions	$	146,048	$	—	$	137,857	$	283,905
Industrial Automation Solutions	—		342,902		—		342,902
Total	$	146,048	$	342,902	$	137,857	$	626,807
Three Months Ended October 2, 2022
Enterprise Solutions	$	155,865	$	—	$	163,336	$	319,201
Industrial Automation Solutions	—		351,290		—		351,290
Total	$	155,865	$	351,290	$	163,336	$	670,491
Nine Months Ended October 1, 2023
Enterprise Solutions	$	436,935	$	—	$	434,842	$	871,777
Industrial Automation Solutions	—		1,089,064		—		1,089,064
Total	$	436,935	$	1,089,064	$	434,842	$	1,960,841
Nine Months Ended October 2, 2022
Enterprise Solutions	$	424,441	$	—	$	470,634	$	895,075
Industrial Automation Solutions	—		1,052,338		—		1,052,338
Total	$	424,441	$	1,052,338	$	470,634	$	1,947,413

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 October 1, 2023	(In thousands)
Enterprise Solutions	$	199,002	$	51,476	$	33,427	$	283,905
Industrial Automation Solutions	195,154		92,189		55,559		342,902
Total	$	394,156	$	143,665	$	88,986	$	626,807
Three Months Ended October 2, 2022
Enterprise Solutions	$	247,322	$	35,045	$	36,834	$	319,201
Industrial Automation Solutions	202,632		87,828		60,830		351,290
Total	$	449,954	$	122,873	$	97,664	$	670,491
Nine Months Ended October 1, 2023
Enterprise Solutions	$	659,360	$	125,595	$	86,822	$	871,777
Industrial Automation Solutions	624,219		303,165		161,680		1,089,064
Total	$	1,283,579	$	428,760	$	248,502	$	1,960,841
Nine Months Ended October 2, 2022
Enterprise Solutions	$	685,209	$	110,931	$	98,935	$	895,075
Industrial Automation Solutions	620,987		270,044		161,307		1,052,338
Total	$	1,306,196	$	380,975	$	260,242	$	1,947,413

Schedule of Contract with Customer, Asset and Liability

The following table presents estimated and accrued variable consideration:

	October 1, 2023		December 31, 2022
	(in thousands)
Accrued rebates included in accrued liabilities	$	37,872	$	55,559
Accrued returns included in accrued liabilities	13,722		11,700
Price adjustments recognized against gross accounts receivable	26,871		24,304

The following table presents deferred revenue activity during the three and nine months ended October 1, 2023 and October 2, 2022, respectively:

	2023		2022
	(In thousands)
Beginning balance at January 1	$	33,243	$	19,390
New deferrals	4,359		8,857
Acquisitions	—		6,567
Revenue recognized	(8,307)		(3,365)
Balance at the end of Q1	$	29,295	$	31,449
New deferrals	6,900		4,265
Revenue recognized	(6,528)		(8,880)
Balance at the end of Q2	$	29,667	$	26,834
New deferrals	9,146		7,137
Acquisitions	104		—
Revenue recognized	(11,224)		(4,960)
Balance at the end of Q3	$	27,693	$	29,011

Schedule of Sales Commissions

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

	Three Months Ended				Nine Months ended
	October 1, 2023		October 2, 2022		October 1, 2023		October 2, 2022
	(In thousands)
Sales commissions	$	4,729	$	6,372	$	16,819	$	17,721