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Revenues (Tables) | 9 Months Ended
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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 |

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