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Revenues (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents our revenues disaggregated by major product category (in thousands).
|  | Broadband Solutions |  | Automation Solutions |  | Smart Buildings Solutions |  | Total Revenues
Year Ended December 31, 2024 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 598,215 |  |  | $ | — |  |  | $ | 545,575 |  |  | $ | 1,143,790 |
Automation Solutions |  | — |  |  | 1,317,189 |  |  | — |  |  | 1,317,189 |
Total |  | $ | 598,215 |  |  | $ | 1,317,189 |  |  | $ | 545,575 |  |  | $ | 2,460,979 |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 555,030 |  |  | $ | — |  |  | $ | 567,801 |  |  | $ | 1,122,831 |
Automation Solutions |  | — |  |  | 1,389,253 |  |  | — |  |  | 1,389,253 |
Total |  | $ | 555,030 |  |  | $ | 1,389,253 |  |  | $ | 567,801 |  |  | $ | 2,512,084 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 571,426 |  |  | $ | — |  |  | $ | 627,052 |  |  | $ | 1,198,478 |
Automation Solutions |  | — |  |  | 1,408,007 |  |  | — |  |  | 1,408,007 |
Total |  | $ | 571,426 |  |  | $ | 1,408,007 |  |  | $ | 627,052 |  |  | $ | 2,606,485 |
The following table presents our revenues disaggregated by geography, based on the location of the customer purchasing the product (in thousands).
|  | Americas |  | EMEA |  | APAC |  | Total Revenues
Year Ended December 31, 2024 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 853,539 |  |  | $ | 173,023 |  |  | $ | 117,228 |  |  | $ | 1,143,790 |
Automation Solutions |  | 782,312 |  |  | 335,396 |  |  | 199,481 |  |  | 1,317,189 |
Total |  | $ | 1,635,851 |  |  | $ | 508,419 |  |  | $ | 316,709 |  |  | $ | 2,460,979 |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 824,991 |  |  | $ | 180,880 |  |  | $ | 116,960 |  |  | $ | 1,122,831 |
Automation Solutions |  | 787,739 |  |  | 385,454 |  |  | 216,060 |  |  | 1,389,253 |
Total |  | $ | 1,612,730 |  |  | $ | 566,334 |  |  | $ | 333,020 |  |  | $ | 2,512,084 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 915,491 |  |  | $ | 149,327 |  |  | $ | 133,660 |  |  | $ | 1,198,478 |
Automation Solutions |  | 816,508 |  |  | 372,473 |  |  | 219,026 |  |  | 1,408,007 |
Total |  | $ | 1,731,999 |  |  | $ | 521,800 |  |  | $ | 352,686 |  |  | $ | 2,606,485 |
Schedule of Contract with Customer, Asset and Liability | The following table presents estimated and accrued variable consideration:
|  | December 31, 2024 |  | December 31, 2023
|  | (In thousands)
Accrued rebates included in accrued liabilities |  | $ | 51,063 |  |  | $ | 49,255 |
Accrued returns included in accrued liabilities |  | 15,950 |  |  | 15,570 |
Price adjustment recognized against gross accounts receivable |  | 29,100 |  |  | 26,005 |
The following table presents deferred revenue activity (in thousands):
Balance at December 31, 2022 |  | $ | 33,243 |
New deferrals |  | 35,157 |
Acquisitions |  | 104 |
Revenue recognized |  | (37,442) |
Balance at December 31, 2023 |  | $ | 31,062 |
New deferrals |  | 57,133 |
Revenue recognized |  | (48,067) |
Balance at December 31, 2024 |  | $ | 40,128 |

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