XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.25.1

Revenues (Tables) | 3 Months Ended
--- | ---
Mar. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables present our revenues disaggregated by major product category.
|  | Broadband Solutions |  | Automation Solutions |  | Smart Buildings Solutions |  | Total Revenues
Three Months Ended March 30, 2025 |  | (In thousands)
Smart Infrastructure Solutions |  | $ | 146,647 |  |  | $ | — |  |  | $ | 127,403 |  |  | $ | 274,050 |
Automation Solutions |  | — |  |  | 350,811 |  |  | — |  |  | 350,811 |
Total |  | $ | 146,647 |  |  | $ | 350,811 |  |  | $ | 127,403 |  |  | $ | 624,861 |
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 112,100 |  |  | $ | — |  |  | $ | 121,989 |  |  | $ | 234,089 |
Automation Solutions |  | — |  |  | 301,586 |  |  | — |  |  | 301,586 |
Total |  | $ | 112,100 |  |  | $ | 301,586 |  |  | $ | 121,989 |  |  | $ | 535,675 |
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 March 30, 2025 |  | (In thousands)
Smart Infrastructure Solutions |  | $ | 219,453 |  |  | $ | 39,304 |  |  | $ | 15,293 |  |  | $ | 274,050 |
Automation Solutions |  | 208,778 |  |  | 85,798 |  |  | 56,235 |  |  | 350,811 |
Total |  | $ | 428,231 |  |  | $ | 125,102 |  |  | $ | 71,528 |  |  | $ | 624,861 |
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |
Smart Infrastructure Solutions |  | $ | 166,329 |  |  | $ | 45,688 |  |  | $ | 22,072 |  |  | $ | 234,089 |
Automation Solutions |  | 182,890 |  |  | 77,856 |  |  | 40,840 |  |  | 301,586 |
Total |  | $ | 349,219 |  |  | $ | 123,544 |  |  | $ | 62,912 |  |  | $ | 535,675 |
Schedule of Contract with Customer, Asset and Liability | The following table presents estimated and accrued variable consideration:
|  | March 30, 2025 |  | December 31, 2024
|  | (in thousands)
Accrued rebates included in accrued liabilities |  | $ | 38,073 |  |  | $ | 51,063 |
Accrued returns included in accrued liabilities |  | 15,238 |  |  | 15,950 |
Price adjustments recognized against gross accounts receivable |  | 30,020 |  |  | 29,100 |
The following table presents deferred revenue activity during the three months ended March 30, 2025 and March 31, 2024, respectively:
|  | 2025 |  | 2024 |  |
|  | (In thousands)
Beginning balance at January 1 |  | $ | 40,128 |  |  | $ | 31,062 |  |  |
New deferrals |  | 13,735 |  |  | 6,280 |  |  |
Revenue recognized |  | (10,420) |  |  | (7,392) |  |  |
Balance at the end of Q1 |  | $ | 43,443 |  |  | $ | 29,950 |  |  |
Schedule of Sales Commissions | The following table presents sales commissions that are recorded within selling, general and administrative expenses:
|  | Three Months Ended |  |
|  | March 30, 2025 |  | March 31, 2024 |  |  |  |
|  | (In thousands)
Sales commissions |  | $ | 5,986 |  |  | $ | 5,323 |  |  |  |  |

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 + Details
Name: | us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -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 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration