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Revenues (Tables)

6 Months Ended

Jun. 30, 2024

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 Solutions						Smart Buildings Solutions						Total  Revenues
Three Months Ended June 30, 2024						(In thousands)
Enterprise Solutions						$	136,020					$	—					$	134,453					$	270,473
Industrial Automation Solutions						—						333,863						—						333,863
Total						$	136,020					$	333,863					$	134,453					$	604,336
Three Months Ended July 2, 2023
Enterprise Solutions						$	159,332					$	—					$	153,197					$	312,529
Industrial Automation Solutions						—						379,716						—						379,716
Total						$	159,332					$	379,716					$	153,197					$	692,245
Six Months Ended June 30, 2024
Enterprise Solutions						$	248,120					$	—					$	256,442					$	504,562
Industrial Automation Solutions						—						635,449						—						635,449
Total						$	248,120					$	635,449					$	256,442					$	1,140,011
Six Months Ended July 2, 2023
Enterprise Solutions						$	290,887					$	—					$	296,985					$	587,872
Industrial Automation Solutions						—						746,162						—						746,162
Total						$	290,887					$	746,162					$	296,985					$	1,334,034

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 June 30, 2024						(In thousands)
Enterprise Solutions						$	200,904					$	42,379					$	27,190					$	270,473
Industrial Automation Solutions						198,884						83,017						51,962						333,863
Total						$	399,788					$	125,396					$	79,152					$	604,336
Three Months Ended July 2, 2023
Enterprise Solutions						$	246,471					$	36,671					$	29,387					$	312,529
Industrial Automation Solutions						213,852						109,055						56,809						379,716
Total						$	460,323					$	145,726					$	86,196					$	692,245
Six Months Ended June 30, 2024
Enterprise Solutions						$	367,233					$	88,067					$	49,262					$	504,562
Industrial Automation Solutions						381,774						160,873						92,802						635,449
Total						$	749,007					$	248,940					$	142,064					$	1,140,011
Six Months Ended July 2, 2023
Enterprise Solutions						$	460,358					$	74,119					$	53,395					$	587,872
Industrial Automation Solutions						429,065						210,976						106,121						746,162
Total						$	889,423					$	285,095					$	159,516					$	1,334,034

Schedule of Contract with Customer, Asset and Liability

The following table presents estimated and accrued variable consideration:

						June 30, 2024						December 31, 2023
						(in thousands)
Accrued rebates included in accrued liabilities						$	45,788					$	49,255
Accrued returns included in accrued liabilities						15,417						15,570
Price adjustments recognized against gross accounts receivable						26,603						26,005

The following table presents deferred revenue activity during the three and six months ended June 30, 2024 and July 2, 2023, respectively:

						2024						2023
						(In thousands)
Beginning balance at January 1						$	31,062					$	33,243
New deferrals						6,280						4,359
Revenue recognized						(7,392)						(8,307)
Balance at the end of Q1						$	29,950					$	29,295
New deferrals						11,058						6,900
Revenue recognized						(11,395)						(6,528)
Balance at the end of Q2						$	29,613					$	29,667

Schedule of Sales Commissions

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

						Three Months Ended												Six Months ended
						June 30, 2024						July 2, 2023						June 30, 2024						July 2, 2023
						(In thousands)
Sales commissions						$	5,848					$	6,316					$	11,171					$	12,089

X

- Definition

Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 340
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479483/340-40-50-3

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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