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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 EndedSix Months Ended
(in thousands)July 2, 2021June 26, 2020July 2, 2021June 26, 2020
Video
Revenue$63,355 $47,453 $133,686 $101,825 
Gross profit37,571 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 profit23,538 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 profit61,109 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 EndedSix Months Ended
(in thousands)July 2, 2021June 26, 2020July 2, 2021June 26, 2020
Total consolidated segment operating income (loss)$6,551 $(5,115)$11,619 $(14,647)
Unallocated corporate expenses(1)
(382)(84)(389)(687)
Stock-based compensation(4,033)(3,548)(12,431)(9,807)
Amortization of intangibles— (807)(507)(2,462)
Consolidated income (loss) from operations2,136 (9,554)(1,708)(27,603)
Non-operating expense, net(2,777)(4,269)(4,361)(7,445)
Loss before income taxes$(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 endedSix Months Ended
(in thousands)July 2, 2021June 26, 2020July 2, 2021June 26, 2020
Net revenue (1)
United States$61,294 $35,223 $128,389 $69,626 
Other countries52,154 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.