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Revenues (Tables) | 6 Months Ended
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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 |

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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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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