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Operating Segments (Tables) | 6 Months Ended
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Jul. 03, 2016
Segment Reporting [Abstract] |
Operating Segment Information | All goodwill is allocated to reporting units of our segments for purposes of impairment testing.
|  | Broadcast Solutions |  |  | Enterprise Connectivity Solutions |  |  | Industrial Connectivity Solutions |  |  | Industrial IT Solutions |  |  | Network Security Solutions |  |  | Total Segments |
|  | (In thousands) |
As of and for the three months ended July 3, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment revenues |  | $ | 193,521 |  |  | $ | 160,401 |  |  | $ | 147,808 |  |  | $ | 62,510 |  |  | $ | 39,141 |  |  | $ | 603,381 |
Affiliate revenues |  |  | 173 |  |  |  | 1,328 |  |  |  | 214 |  |  |  | 4 |  |  |  | - |  |  |  | 1,719 |
Segment EBITDA |  |  | 29,505 |  |  |  | 29,575 |  |  |  | 27,064 |  |  |  | 12,676 |  |  |  | 9,515 |  |  |  | 108,335 |
Depreciation expense |  |  | 4,061 |  |  |  | 3,429 |  |  |  | 2,709 |  |  |  | 660 |  |  |  | 1,128 |  |  |  | 11,987 |
Amortization expense |  |  | 13,420 |  |  |  | 432 |  |  |  | 601 |  |  |  | 1,506 |  |  |  | 10,304 |  |  |  | 26,263 |
Severance, restructuring, and acquisition integration costs |  |  | 1,319 |  |  |  | 1,207 |  |  |  | 2,371 |  |  |  | 943 |  |  |  | 29 |  |  |  | 5,869 |
Deferred gross profit adjustments |  |  | 494 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,256 |  |  |  | 1,750 |
Segment assets |  |  | 329,250 |  |  |  | 253,424 |  |  |  | 255,250 |  |  |  | 65,603 |  |  |  | 41,573 |  |  |  | 945,100 |
As of and for the three months ended June 28, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment revenues |  | $ | 174,923 |  |  | $ | 161,827 |  |  | $ | 160,875 |  |  | $ | 61,270 |  |  | $ | 39,618 |  |  | $ | 598,513 |
Affiliate revenues |  |  | - |  |  |  | 1,708 |  |  |  | 408 |  |  |  | 10 |  |  |  | - |  |  |  | 2,126 |
Segment EBITDA |  |  | 22,878 |  |  |  | 29,792 |  |  |  | 28,680 |  |  |  | 10,178 |  |  |  | 8,772 |  |  |  | 100,300 |
Depreciation expense |  |  | 4,140 |  |  |  | 3,180 |  |  |  | 2,869 |  |  |  | 584 |  |  |  | 919 |  |  |  | 11,692 |
Amortization expense |  |  | 12,595 |  |  |  | 429 |  |  |  | 807 |  |  |  | 1,479 |  |  |  | 10,607 |  |  |  | 25,917 |
Severance, restructuring, and acquisition integration costs |  |  | 3,283 |  |  |  | 83 |  |  |  | 1,163 |  |  |  | - |  |  |  | 378 |  |  |  | 4,907 |
Deferred gross profit adjustments |  |  | (924) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,364 |  |  |  | 13,440 |
Segment assets |  |  | 352,848 |  |  |  | 279,360 |  |  |  | 267,448 |  |  |  | 63,599 |  |  |  | 42,241 |  |  |  | 1,005,496 |
As of and for the six months ended July 3, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment revenues |  | $ | 364,793 |  |  | $ | 296,293 |  |  | $ | 288,899 |  |  | $ | 116,392 |  |  | $ | 80,804 |  |  | $ | 1,147,181 |
Affiliate revenues |  |  | 597 |  |  |  | 3,027 |  |  |  | 396 |  |  |  | 32 |  |  |  | - |  |  |  | 4,052 |
Segment EBITDA |  |  | 52,772 |  |  |  | 53,311 |  |  |  | 50,051 |  |  |  | 21,285 |  |  |  | 20,982 |  |  |  | 198,401 |
Depreciation expense |  |  | 8,023 |  |  |  | 6,818 |  |  |  | 5,427 |  |  |  | 1,184 |  |  |  | 2,198 |  |  |  | 23,650 |
Amortization expense |  |  | 26,351 |  |  |  | 861 |  |  |  | 1,192 |  |  |  | 3,016 |  |  |  | 20,375 |  |  |  | 51,795 |
Severance, restructuring, and acquisition integration costs |  |  | 5,697 |  |  |  | 1,707 |  |  |  | 3,236 |  |  |  | 3,608 |  |  |  | 29 |  |  |  | 14,277 |
Purchase accounting effects of acquisitions |  |  | 195 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 195 |
Deferred gross profit adjustments |  |  | 1,108 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,945 |  |  |  | 4,053 |
Segment assets |  |  | 329,250 |  |  |  | 253,424 |  |  |  | 255,250 |  |  |  | 65,603 |  |  |  | 41,573 |  |  |  | 945,100 |
As of and for the six months ended June 28, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment revenues |  | $ | 351,423 |  |  | $ | 303,608 |  |  | $ | 313,847 |  |  | $ | 122,343 |  |  | $ | 76,743 |  |  | $ | 1,167,964 |
Affiliate revenues |  |  | - |  |  |  | 3,680 |  |  |  | 731 |  |  |  | 31 |  |  |  | 8 |  |  |  | 4,450 |
Segment EBITDA |  |  | 46,005 |  |  |  | 49,801 |  |  |  | 52,853 |  |  |  | 21,265 |  |  |  | 18,673 |  |  |  | 188,597 |
Depreciation expense |  |  | 8,113 |  |  |  | 6,394 |  |  |  | 5,720 |  |  |  | 1,143 |  |  |  | 1,863 |  |  |  | 23,233 |
Amortization expense |  |  | 25,021 |  |  |  | 861 |  |  |  | 1,630 |  |  |  | 2,889 |  |  |  | 22,020 |  |  |  | 52,421 |
Severance, restructuring, and acquisition integration costs |  |  | 14,810 |  |  |  | 651 |  |  |  | 2,936 |  |  |  | (52) |  |  |  | 1,045 |  |  |  | 19,390 |
Purchase accounting effects of acquisitions |  |  | - |  |  |  | - |  |  |  | 267 |  |  |  | - |  |  |  | 9,155 |  |  |  | 9,422 |
Deferred gross profit adjustments |  |  | 2,370 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 32,728 |  |  |  | 35,098 |
Segment assets |  |  | 352,848 |  |  |  | 279,360 |  |  |  | 267,448 |  |  |  | 63,599 |  |  |  | 42,241 |  |  |  | 1,005,496 |
Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income from Continuing Operations Before Taxes | The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income from continuing operations before taxes, respectively.
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 3, 2016 |  |  | June 28, 2015 |  |  | July 3, 2016 |  |  | June 28, 2015 |
|  | (In thousands) |  |  | (In thousands) |
Total Segment Revenues |  | $ | 603,381 |  |  | $ | 598,513 |  |  | $ | 1,147,181 |  |  | $ | 1,167,964 |
Deferred revenue adjustments (1) |  |  | (1,750) |  |  |  | (12,758) |  |  |  | (4,053) |  |  |  | (35,252) |
Consolidated Revenues |  | $ | 601,631 |  |  | $ | 585,755 |  |  | $ | 1,143,128 |  |  | $ | 1,132,712 |
Total Segment EBITDA |  | $ | 108,335 |  |  | $ | 100,300 |  |  | $ | 198,401 |  |  | $ | 188,597 |
Amortization of intangibles |  |  | (26,263) |  |  |  | (25,917) |  |  |  | (51,795) |  |  |  | (52,421) |
Deferred gross profit adjustments (1) |  |  | (1,750) |  |  |  | (13,440) |  |  |  | (4,053) |  |  |  | (35,098) |
Severance, restructuring, and acquisition integration costs (2) |  |  | (5,869) |  |  |  | (4,907) |  |  |  | (14,277) |  |  |  | (19,390) |
Depreciation expense |  |  | (11,987) |  |  |  | (11,692) |  |  |  | (23,650) |  |  |  | (23,233) |
Purchase accounting effects related to acquisitions (3) |  |  | - |  |  |  | - |  |  |  | (195) |  |  |  | (9,422) |
Income from equity method investment |  |  | 661 |  |  |  | 343 |  |  |  | 491 |  |  |  | 1,111 |
Eliminations |  |  | (886) |  |  |  | (544) |  |  |  | (1,717) |  |  |  | (1,103) |
Consolidated operating income |  |  | 62,241 |  |  |  | 44,143 |  |  |  | 103,205 |  |  |  | 49,041 |
Interest expense, net |  |  | (24,049) |  |  |  | (24,769) |  |  |  | (48,445) |  |  |  | (48,615) |
Consolidated income from continuing operations before taxes |  | $ | 38,192 |  |  | $ | 19,374 |  |  | $ | 54,760 |  |  | $ | 426 |
(1) For both the three and six months ended July 3, 2016 and June 28, 2015, both our consolidated revenues and gross profit were negatively impacted by the reduction of the acquired deferred revenue balance to fair value associated with our 2015 acquisition of Tripwire. (2) See Note 7, Severance, Restructuring, and Acquisition Integration Activities, for details. (3) For the six months ended July 3, 2016, we recognized $0.2 million of cost of sales related to the adjustment of acquired inventory to fair value related to our acquisition of M2FX. For the six months ended June 28, 2015, we recognized $9.2 million of compensation expense related to the accelerated vesting of acquiree stock based compensation awards associated with our acquisition of Tripwire. In addition, we recognized $0.3 million of cost of sales related to the adjustment of acquired inventory to fair value related to our acquisition of Coast.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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