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Revenues (Tables) | 6 Months Ended
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Jul. 04, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables present our revenues disaggregated by major product category.
|  | Broadband & 5G |  | Cyber-security |  | Industrial Automation |  | Smart Buildings |  | Total Revenues
Three Months Ended July 4, 2021 |  | (In thousands)
Enterprise Solutions |  | $ | 124,760 |  |  | $ | — |  |  | $ | — |  |  | $ | 142,768 |  |  | $ | 267,528 |
Industrial Solutions |  | — |  |  | 26,120 |  |  | 308,326 |  |  | — |  |  | 334,446 |
Total |  | $ | 124,760 |  |  | $ | 26,120 |  |  | $ | 308,326 |  |  | $ | 142,768 |  |  | $ | 601,974 |
Three Months Ended June 28, 2020 |  |  |  |  |  |  |  |  |  |
Enterprise Solutions |  | $ | 110,612 |  |  | $ | — |  |  | $ | — |  |  | $ | 92,762 |  |  | $ | 203,374 |
Industrial Solutions |  | — |  |  | 25,726 |  |  | 195,711 |  |  | — |  |  | 221,437 |
Total |  | $ | 110,612 |  |  | $ | 25,726 |  |  | $ | 195,711 |  |  | $ | 92,762 |  |  | $ | 424,811 |
Six Months Ended July 4, 2021 |  |  |  |  |  |  |  |  |  |
Enterprise Solutions |  | $ | 229,851 |  |  | $ | — |  |  | $ | — |  |  | $ | 264,032 |  |  | $ | 493,883 |
Industrial Solutions |  | — |  |  | 53,825 |  |  | 590,647 |  |  | — |  |  | 644,472 |
Total |  | $ | 229,851 |  |  | $ | 53,825 |  |  | $ | 590,647 |  |  | $ | 264,032 |  |  | $ | 1,138,355 |
Six Months Ended June 28, 2020 |  |  |  |  |  |  |  |  |  |
Enterprise Solutions |  | $ | 206,715 |  |  | $ | — |  |  | $ | — |  |  | $ | 208,872 |  |  | $ | 415,587 |
Industrial Solutions |  | — |  |  | 51,445 |  |  | 421,305 |  |  | — |  |  | 472,750 |
Total |  | $ | 206,715 |  |  | $ | 51,445 |  |  | $ | 421,305 |  |  | $ | 208,872 |  |  | $ | 888,337 |
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 4, 2021 |  | (In thousands)
Enterprise Solutions |  | $ | 192,138 |  |  | $ | 40,468 |  |  | $ | 34,922 |  |  | $ | 267,528 |
Industrial Solutions |  | 196,567 |  |  | 86,762 |  |  | 51,117 |  |  | 334,446 |
Total |  | $ | 388,705 |  |  | $ | 127,230 |  |  | $ | 86,039 |  |  | $ | 601,974 |
Three Months Ended June 28, 2020 |  |  |  |  |  |  |  |
Enterprise Solutions |  | $ | 154,844 |  |  | $ | 26,150 |  |  | $ | 22,380 |  |  | $ | 203,374 |
Industrial Solutions |  | 124,640 |  |  | 57,260 |  |  | 39,537 |  |  | 221,437 |
Total |  | $ | 279,484 |  |  | $ | 83,410 |  |  | $ | 61,917 |  |  | $ | 424,811 |
Six Months Ended July 4, 2021 |  |  |  |  |  |  |  |
Enterprise Solutions |  | $ | 354,814 |  |  | $ | 78,404 |  |  | $ | 60,665 |  |  | $ | 493,883 |
Industrial Solutions |  | 381,715 |  |  | 168,042 |  |  | 94,715 |  |  | 644,472 |
Total |  | $ | 736,529 |  |  | $ | 246,446 |  |  | $ | 155,380 |  |  | $ | 1,138,355 |
Six Months Ended June 28, 2020 |  |  |  |  |  |  |  |
Enterprise Solutions |  | $ | 310,273 |  |  | $ | 62,012 |  |  | $ | 43,302 |  |  | $ | 415,587 |
Industrial Solutions |  | 281,040 |  |  | 123,226 |  |  | 68,484 |  |  | 472,750 |
Total |  | $ | 591,313 |  |  | $ | 185,238 |  |  | $ | 111,786 |  |  | $ | 888,337 |
Contract with Customer, Asset and Liability | The following table presents estimated and accrued variable consideration:
|  | July 4, 2021 |  | December 31, 2020
|  | (in thousands)
Accrued rebates |  | $ | 35,831 |  |  | $ | 32,192 |
Accrued returns |  | 12,003 |  |  | 13,016 |
Price adjustments recognized against gross accounts receivable |  | 27,718 |  |  | 25,244 |
The following table presents deferred revenue activity during the three and six months ended July 4, 2021 and June 28, 2020:
|  | 2021 |  | 2020
|  | (In thousands)
Beginning balance at January 1 |  | $ | 77,648 |  |  | $ | 70,070 |
New deferrals |  | 24,505 |  |  | 23,830 |
Acquisition of OTN |  | 5,997 |  |  | — |
Revenue recognized |  | (24,387) |  |  | (24,415) |
Balance at the end of Q1 |  | $ | 83,763 |  |  | $ | 69,485 |
New deferrals |  | 20,596 |  |  | 21,322 |
Adjustments related to acquisitions |  | (2,740) |  |  | — |
Revenue recognized |  | (19,542) |  |  | (22,200) |
Balance at the end of Q2 |  | $ | 82,077 |  |  | $ | 68,607 |
Sales Commissions | The following table presents sales commissions that are recorded within selling, general and administrative expenses:
|  | Three Months ended |  | Six Months ended |  |
|  | July 4, 2021 |  | June 28, 2020 |  | July 4, 2021 |  | June 28, 2020 |  |  |  |
|  | (In thousands)
Sales commissions |  | $ | 4,715 |  |  | $ | 3,856 |  |  | $ | 8,592 |  | $ | 8,030 |  |  |  |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
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