XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information | 6 Months Ended
--- | ---
Jul. 02, 2021
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. A measure of assets by segment is not applicable as segment assets are not included in the discrete financial information provided to the CODM. The following table provides summary financial information by reportable segment:
| Three Months Ended |  | Six Months Ended
(in thousands) | July 2, 2021 |  | June 26, 2020 |  | July 2, 2021 |  | June 26, 2020
Video |  |  |  |  |  |  |
Revenue | $ | 63,355 |  |  | $ | 47,453 |  |  | $ | 133,686 |  |  | $ | 101,825 |
Gross profit | 37,571 |  |  | 26,024 |  |  | 76,345 |  |  | 53,931 |
Operating income (loss) | 1,559 |  |  | (4,237) |  |  | 5,331 |  |  | (10,504) |
Cable Access |  |  |  |  |  |  |
Revenue | $ | 50,093 |  |  | $ | 26,541 |  |  | $ | 91,338 |  |  | $ | 50,586 |
Gross profit | 23,538 |  |  | 12,128 |  |  | 40,946 |  |  | 22,542 |
Operating income (loss) | 4,992 |  |  | (878) |  |  | 6,288 |  |  | (4,143) |
Total |  |  |  |  |  |  |
Revenue | $ | 113,448 |  |  | $ | 73,994 |  |  | $ | 225,024 |  |  | $ | 152,411 |
Gross profit | 61,109 |  |  | 38,152 |  |  | 117,291 |  |  | 76,473 |
Operating income (loss) | $ | 6,551 |  |  | $ | (5,115) |  |  | $ | 11,619 |  |  | $ | (14,647) |
A reconciliation of the Company’s consolidated segment operating income (loss) to consolidated loss before income taxes:
| Three Months Ended |  | Six Months Ended
(in thousands) | July 2, 2021 |  | June 26, 2020 |  | July 2, 2021 |  | June 26, 2020
Total consolidated segment operating income (loss) | $ | 6,551 |  |  | $ | (5,115) |  |  | $ | 11,619 |  |  | $ | (14,647) |
Unallocated corporate expenses(1) | (382) |  |  | (84) |  |  | (389) |  |  | (687) |
Stock-based compensation | (4,033) |  |  | (3,548) |  |  | (12,431) |  |  | (9,807) |
Amortization of intangibles | — |  |  | (807) |  |  | (507) |  |  | (2,462) |
Consolidated income (loss) from operations | 2,136 |  |  | (9,554) |  |  | (1,708) |  |  | (27,603) |
Non-operating expense, net | (2,777) |  |  | (4,269) |  |  | (4,361) |  |  | (7,445) |
Loss before income taxes | $ | (641) |  |  | $ | (13,823) |  |  | $ | (6,069) |  |  | $ | (35,048) |
(1) Together with amortization of intangibles and stock-based compensation, the Company does not allocate restructuring and related charges to the operating income (loss) for each segment because management does not include this information in the measurement of the performance of the operating segments. Geographic Information
| Three Months ended |  | Six Months Ended
(in thousands) | July 2, 2021 |  | June 26, 2020 |  | July 2, 2021 |  | June 26, 2020
Net revenue (1) |  |  |  |  |  |  |
United States | $ | 61,294 |  |  | $ | 35,223 |  |  | $ | 128,389 |  |  | $ | 69,626 |
Other countries | 52,154 |  |  | 38,771 |  |  | 96,635 |  |  | 82,785 |
Total | $ | 113,448 |  |  | $ | 73,994 |  |  | $ | 225,024 |  |  | $ | 152,411 |
(1) Revenue is attributed to countries based on the location of the customer.

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

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration