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Pay vs Performance Disclosure
number in Millions
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PEO-Michael Weening
(President & CEO)
PEO - Carl Russo
(Former CEO)
Value of Initial Fixed
$100 Investment Based
On:
YearSummary
Compensation
Table Total
for PEO
($) (1)
Compensation
Actually Paid
to PEO
($) (2)
Summary
Compensation
Table Total
for PEO
($) (1)
Compensation
Actually Paid
to PEO
($) (2)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
($) (1) (3)
Average
Compensation
Actually Paid
to Non-PEO
NEOs
($) (2) (3)
Total
Shareholder
Return
($) (4)
Peer Group
Total
Shareholder
Return
($) (5)
Net Income
(in millions)
($) (6)
Non-GAAP
Operating
Income
(in millions)
($) (7)
20248,265,659 2,278,161 
n/a
n/a
6,507,529 2,816,175 436 203 (30)31 
20237,155,795 (13,126,694)n/an/a6,461,941 (2,804,301)546 147 29 123 
202222,278,030 17,458,995 3,866,660 (1,092,938)6,724,491 5,951,904 855 122 41 99 
2021n/an/a7,726,910 30,362,780 4,914,250 15,939,257 1,000 152 238 96 
2020n/an/a6,894,750 13,878,750 4,303,652 9,778,865 372 101 33 64 
       
Company Selected Measure Name Non-GAAP Operating Income        
Named Executive Officers, Footnote These amounts reflect the total compensation, as disclosed in the Summary Compensation Table, paid to our CEO (Mr. Weening in 2024, 2023 and 2022 and Mr. Russo in 2022, 2021 and 2020) and the average total compensation
for our non-PEO NEOs in 2024, 2023, 2022, 2021 and 2020.
The chart below outlines our non-PEO NEOs for 2024, 2023, 2022, 2021 and 2020:
20242023202220212020
Michael WeeningMichael Weening
Cory SindelarCory SindelarCory SindelarCory SindelarCory Sindelar
J. Matthew CollinsJ. Matthew CollinsJ. Matthew CollinsJ. Matthew Collins
Shane EleniakShane EleniakShane EleniakShane Eleniak
*In 2020, we only had three NEOs (including Mr. Russo, who was our CEO).
       
Peer Group Issuers, Footnote The peer group reflects the S&P 500 Communications Equipment Index, assuming a fixed investment of $100 as of December 31, 2019.        
Adjustment To PEO Compensation, Footnote Compensation Actually Paid represents the total compensation from the Summary Compensation Table for each of our CEOs and the average total compensation for our non-PEO NEOs as adjusted to reflect changes in the fair value of our outstanding stock option awards in accordance with Item 402(v) of Regulation S-K. The tables below detail the adjustments for 2024, 2023, 2022 and 2021.
20242023202220212020
PEO
(Weening)
($)
Average
Non-PEO
NEOs
($)
PEO
(Weening)
($)
Average
Non-PEO
NEOs
($)
PEO
(Weening)
($)
PEO
(Russo)
($)
Average
Non-PEO
NEOs
($)
PEO
(Russo)
($)
Average
Non-PEO
NEOs
($)
PEO
(C. Russo)
($)
Average
Non-PEO
NEOs
($)
Summary Compensation Table Total8,265,659 6,507,529 7,155,795 6,461,941 22,278,030 3,866,660 6,724,491 7,726,910 4,914,250 6,894,750 4,303,652 
- Stock and Option Awards (a)6,408,535 5,493,030 5,299,670 5,450,783 20,450,550 3,092,910 6,044,912 6,656,130 3,975,430 4,952,000 2,731,118 
+ Year End Fair Value of Equity Awards Granted in the Applicable Year3,929,602 3,464,055 4,057,125 2,886,875 20,410,000 3,925,000 7,326,667 12,651,000 5,865,454 11,936,000 2,766,000 
Equity Award
Adjustments
(b)
+ Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that are Unvested at Year End(1,661,550)(649,151)(8,585,504)(2,897,883)(1,314,712)(1,423,500)(511,700)13,625,000 7,298,173 — 4,313,081 
+ Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year(1,847,015)(1,013,228)(10,454,440)(3,804,451)(3,463,773)(4,368,188)(1,542,642)3,016,000 1,836,810 — 1,127,249 
Compensation Actually Paid2,278,161 2,816,175 (13,126,694)(2,804,301)17,458,995 (1,092,938)5,951,904 30,362,780 15,939,257 13,878,750 9,778,865 
(a)Reflects the grant date fair value of stock option awards as disclosed in the Summary Compensation Table for the applicable year.
(b)These amounts represent the sum of the fair value of all stock option awards granted during the covered year, measured at the end of the year plus the change in the fair value of unvested stock option awards granted in prior years, measured at the end of the covered year (or, for stock option awards that vested in the covered year, as of the vesting date). Fair value is calculated in accordance with ASC Topic 718. For performance-based stock options, we have assumed achievement of performance goals at maximum (i.e., 100% of target).
       
Non-PEO NEO Average Total Compensation Amount $ 6,507,529 $ 6,461,941 $ 6,724,491 $ 4,914,250 $ 4,303,652
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,816,175 (2,804,301) 5,951,904 15,939,257 9,778,865
Adjustment to Non-PEO NEO Compensation Footnote Compensation Actually Paid represents the total compensation from the Summary Compensation Table for each of our CEOs and the average total compensation for our non-PEO NEOs as adjusted to reflect changes in the fair value of our outstanding stock option awards in accordance with Item 402(v) of Regulation S-K. The tables below detail the adjustments for 2024, 2023, 2022 and 2021.
20242023202220212020
PEO
(Weening)
($)
Average
Non-PEO
NEOs
($)
PEO
(Weening)
($)
Average
Non-PEO
NEOs
($)
PEO
(Weening)
($)
PEO
(Russo)
($)
Average
Non-PEO
NEOs
($)
PEO
(Russo)
($)
Average
Non-PEO
NEOs
($)
PEO
(C. Russo)
($)
Average
Non-PEO
NEOs
($)
Summary Compensation Table Total8,265,659 6,507,529 7,155,795 6,461,941 22,278,030 3,866,660 6,724,491 7,726,910 4,914,250 6,894,750 4,303,652 
- Stock and Option Awards (a)6,408,535 5,493,030 5,299,670 5,450,783 20,450,550 3,092,910 6,044,912 6,656,130 3,975,430 4,952,000 2,731,118 
+ Year End Fair Value of Equity Awards Granted in the Applicable Year3,929,602 3,464,055 4,057,125 2,886,875 20,410,000 3,925,000 7,326,667 12,651,000 5,865,454 11,936,000 2,766,000 
Equity Award
Adjustments
(b)
+ Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that are Unvested at Year End(1,661,550)(649,151)(8,585,504)(2,897,883)(1,314,712)(1,423,500)(511,700)13,625,000 7,298,173 — 4,313,081 
+ Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year(1,847,015)(1,013,228)(10,454,440)(3,804,451)(3,463,773)(4,368,188)(1,542,642)3,016,000 1,836,810 — 1,127,249 
Compensation Actually Paid2,278,161 2,816,175 (13,126,694)(2,804,301)17,458,995 (1,092,938)5,951,904 30,362,780 15,939,257 13,878,750 9,778,865 
(a)Reflects the grant date fair value of stock option awards as disclosed in the Summary Compensation Table for the applicable year.
(b)These amounts represent the sum of the fair value of all stock option awards granted during the covered year, measured at the end of the year plus the change in the fair value of unvested stock option awards granted in prior years, measured at the end of the covered year (or, for stock option awards that vested in the covered year, as of the vesting date). Fair value is calculated in accordance with ASC Topic 718. For performance-based stock options, we have assumed achievement of performance goals at maximum (i.e., 100% of target).
       
Compensation Actually Paid vs. Total Shareholder Return
The table below shows the relationship between the compensation actually paid to the PEOs and Average non-PEO NEOs relative to Total Shareholder Return (“TSR”) for Calix and the peer group for 2024, 2023, 2022, 2021, and 2020.
P4P CAP v TSR.jpg
       
Compensation Actually Paid vs. Net Income
The table below shows the relationship between the compensation actually paid to the PEOs and Average non-PEO NEOs relative to net income and non-GAAP operating income for 2024, 2023, 2022, 2021 and 2020.
P4P CAP v Metrics.jpg
(1)Non-GAAP Operating Income is defined as operating income on a GAAP basis less certain items that are not considered indicative of our performance, consisting of: stock-based compensation, intangible asset amortization and other charges. Reconciliation of these non-GAAP amounts to GAAP is provided in Appendix C.
       
Compensation Actually Paid vs. Company Selected Measure
The table below shows the relationship between the compensation actually paid to the PEOs and Average non-PEO NEOs relative to net income and non-GAAP operating income for 2024, 2023, 2022, 2021 and 2020.
P4P CAP v Metrics.jpg
(1)Non-GAAP Operating Income is defined as operating income on a GAAP basis less certain items that are not considered indicative of our performance, consisting of: stock-based compensation, intangible asset amortization and other charges. Reconciliation of these non-GAAP amounts to GAAP is provided in Appendix C.
       
Total Shareholder Return Amount $ 436 546 855 1,000 372
Peer Group Total Shareholder Return Amount 203 147 122 152 101
Net Income (Loss) $ (30,000,000) $ 29,000,000 $ 41,000,000 $ 238,000,000 $ 33,000,000
Company Selected Measure Amount 31 123 99 96 64
PEO Name Mr. Weening   Mr. Russo Mr. Russo  
Additional 402(v) Disclosure Total Shareholder Return for each year is based on an initial fixed investment of $100 in our stock on December 31, 2019.The dollar amounts reported reflect our net income as reported in our audited financial statements for each applicable year.
The Company and the Talent and Compensation Committee consider the below metrics to have the greatest influence on executive pay for our PEO and other NEOs: Bookings, Revenue, Non-GAAP Gross Margin and Non-GAAP Operating Income.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Bookings        
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Non-GAAP Gross Margin        
Measure:: 4          
Pay vs Performance Disclosure          
Name Non-GAAP Operating Income        
Non-GAAP Measure Description The dollar amounts represent the most important financial performance measure not otherwise reported in the above table that is used by the Company to link actual compensation paid during the most recent year to the Company’s performance, as required pursuant to Item 402(v) of Regulation S-K. Non-GAAP Operating Income is defined as operating income on a GAAP basis less certain items that are not considered indicative of our performance, consisting of: stock-based compensation, intangible asset amortization and other charges. Reconciliation of these non-GAAP amounts to GAAP is provided in Appendix C.        
Michael Weening [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 8,265,659 $ 7,155,795 $ 22,278,030    
PEO Actually Paid Compensation Amount 2,278,161 $ (13,126,694) 17,458,995    
PEO Name   Mr. Weening      
Carl Russo [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     3,866,660 $ 7,726,910 $ 6,894,750
PEO Actually Paid Compensation Amount     (1,092,938) 30,362,780 13,878,750
PEO Name   Mr. Russo      
PEO | Michael Weening [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,408,535) $ (5,299,670) (20,450,550)    
PEO | Michael Weening [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,929,602 4,057,125 20,410,000    
PEO | Michael Weening [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,661,550) (8,585,504) (1,314,712)    
PEO | Michael Weening [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,847,015) (10,454,440) (3,463,773)    
PEO | Carl Russo [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (3,092,910) (6,656,130) (4,952,000)
PEO | Carl Russo [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     3,925,000 12,651,000 11,936,000
PEO | Carl Russo [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (1,423,500) 13,625,000 0
PEO | Carl Russo [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (4,368,188) 3,016,000 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,493,030) (5,450,783) (6,044,912) (3,975,430) (2,731,118)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,464,055 2,886,875 7,326,667 5,865,454 2,766,000
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (649,151) (2,897,883) (511,700) 7,298,173 4,313,081
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,013,228) $ (3,804,451) $ (1,542,642) $ 1,836,810 $ 1,127,249