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Segment Information | 6 Months Ended
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Jun. 26, 2020
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Operating segments are defined as components of an enterprise that engage in business activities for which separate financial information is available and evaluated by the Company’s Chief Operating Decision Maker (the “CODM”), which for the Company is its Chief Executive Officer, in deciding how to allocate resources and assess performance. Based on the Company’s internal reporting structure, the Company consists of two operating segments: Video and Cable Access. The operating segments were determined based on the nature of the products offered. The Video segment provides video processing and production and playout solutions and services worldwide to broadcast and media companies, streaming new media companies, cable operators, and satellite and telecommunications Pay-TV service providers. The Cable Access segment provides cable access solutions and related services to cable operators globally. The following table provides summary financial information by reportable segment (in thousands):
| Three months ended |  | Six months ended
| June 26, 2020 |  | June 28, 2019 |  | June 26, 2020 |  | June 28, 2019
Video |  |  |  |  |  |  |
Revenue | $ | 47,453 |  |  | $ | 71,625 |  |  | $ | 101,825 |  |  | $ | 138,801 |
Gross profit | 26,024 |  |  | 41,444 |  |  | 53,931 |  |  | 80,046 |
Operating income (loss) | (4,237 | ) |  | 4,459 |  |  | (10,504 | ) |  | 6,427 |
Cable Access |  |  |  |  |  |  |
Revenue | $ | 26,541 |  |  | $ | 13,240 |  |  | $ | 50,586 |  |  | $ | 26,170 |
Gross profit | 12,128 |  |  | 4,063 |  |  | 22,542 |  |  | 9,131 |
Operating loss | (878 | ) |  | (7,266 | ) |  | (4,143 | ) |  | (13,088 | )
Total |  |  |  |  |  |  |
Revenue | $ | 73,994 |  |  | $ | 84,865 |  |  | $ | 152,411 |  |  | $ | 164,971 |
Gross profit | 38,152 |  |  | 45,507 |  |  | 76,473 |  |  | 89,177 |
Operating loss | $ | (5,115 | ) |  | $ | (2,807 | ) |  | $ | (14,647 | ) |  | $ | (6,661 | )
A reconciliation of the Company’s consolidated segment operating loss to consolidated loss before income taxes is as follows (in thousands):
| Three months ended |  | Six months ended
| June 26, 2020 |  | June 28, 2019 |  | June 26, 2020 |  | June 28, 2019
Total segment operating loss | $ | (5,115 | ) |  | $ | (2,807 | ) |  | $ | (14,647 | ) |  | $ | (6,661 | )
Unallocated corporate expenses | (84 | ) |  | (368 | ) |  | (687 | ) |  | (726 | )
Stock-based compensation | (3,548 | ) |  | (2,510 | ) |  | (9,807 | ) |  | (4,623 | )
Amortization of intangibles | (807 | ) |  | (2,079 | ) |  | (2,462 | ) |  | (4,162 | )
Loss from operations | (9,554 | ) |  | (7,764 | ) |  | (27,603 | ) |  | (16,172 | )
Non-operating expense, net | (4,269 | ) |  | (3,384 | ) |  | (7,445 | ) |  | (6,601 | )
Loss before income taxes | $ | (13,823 | ) |  | $ | (11,148 | ) |  | $ | (35,048 | ) |  | $ | (22,773 | )
Unallocated Corporate Expenses Together with amortization of intangibles and stock-based compensation, the Company does not allocate restructuring and related charges to the operating loss for each segment because management does not include this information in the measurement of the performance of the operating segments. A measure of assets by segment is not applicable as segment assets are not included in the discrete financial information provided to the CODM. Geographic Information
| Three months ended |  | Six months ended
| June 26, 2020 |  | June 28, 2019 |  | June 26, 2020 |  | June 28, 2019
Net Revenue (in thousands) (1) |  |  |  |  |  |  |
United States | $ | 35,223 |  |  | $ | 35,710 |  |  | $ | 69,626 |  |  | $ | 65,825 |
Other Countries | 38,771 |  |  | 49,155 |  |  | 82,785 |  |  | 99,146 |
Total | $ | 73,994 |  |  | $ | 84,865 |  |  | $ | 152,411 |  |  | $ | 164,971 |
(1) Revenue is attributed to countries based on the location of the customer. Market Information
| Three months ended |  | Six months ended
| June 26, 2020 |  | June 28, 2019 |  | June 26, 2020 |  | June 28, 2019
Market (in thousands) |  |  |  |  |  |  |
Service Provider | $ | 42,169 |  |  | $ | 43,438 |  |  | $ | 85,928 |  |  | $ | 87,650 |
Broadcast and Media | 31,825 |  |  | 41,427 |  |  | 66,483 |  |  | 77,321 |
Total | $ | 73,994 |  |  | $ | 84,865 |  |  | $ | 152,411 |  |  | $ | 164,971 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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