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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATIONOperating segments are defined as components of an enterprise that engage in business activities for which separate financial information is available and evaluated regularly 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 internal reporting structure, the Company consists of two operating segments: Video and Broadband. The operating segments were determined based on the nature of the products offered. The Video segment provides video processing, production and playout solutions and services worldwide to broadcast and media companies, new streaming media companies, broadband operators, and satellite and telecommunications (“telco”) Pay-TV service providers. The Broadband segment provides broadband access solutions and related services to broadband 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) | June 30, 2023 |  | July 1, 2022 |  | June 30, 2023 |  | July 1, 2022
Video |  |  |  |  |  |  |
Revenue | $ | 58,867 |  |  | $ | 76,215 |  |  | $ | 116,165 |  |  | $ | 142,057 |
Gross profit | 36,303 |  |  | 48,136 |  |  | 70,917 |  |  | 86,820 |
Operating income (loss) | 90 |  |  | 11,271 |  |  | (1,336) |  |  | 14,410 |
Broadband |  |  |  |  |  |  |
Revenue | $ | 97,096 |  |  | $ | 81,231 |  |  | $ | 197,447 |  |  | $ | 162,828 |
Gross profit | 49,076 |  |  | 34,936 |  |  | 99,366 |  |  | 65,947 |
Operating income | 18,066 |  |  | 10,131 |  |  | 38,179 |  |  | 18,270 |
Total |  |  |  |  |  |  |
Revenue | $ | 155,963 |  |  | $ | 157,446 |  |  | $ | 313,612 |  |  | $ | 304,885 |
Gross profit | 85,379 |  |  | 83,072 |  |  | 170,283 |  |  | 152,767 |
Operating income | 18,156 |  |  | 21,402 |  |  | 36,843 |  |  | 32,680 |
A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows:
| Three Months Ended |  | Six Months Ended
(in thousands) | June 30, 2023 |  | July 1, 2022 |  | June 30, 2023 |  | July 1, 2022
Total consolidated segment operating income | $ | 18,156 |  |  | $ | 21,402 |  |  | $ | 36,843 |  |  | $ | 32,680 |
Unallocated corporate expenses(1) | (2,135) |  |  | (745) |  |  | (2,218) |  |  | (1,901) |
Stock-based compensation | (6,059) |  |  | (5,575) |  |  | (13,483) |  |  | (13,161) |
Consolidated income from operations | 9,962 |  |  | 15,082 |  |  | 21,142 |  |  | 17,618 |
Non-operating expense, net | (936) |  |  | 2,880 |  |  | (1,935) |  |  | 1,509 |
Income before income taxes | $ | 9,026 |  |  | $ | 17,962 |  |  | $ | 19,207 |  |  | $ | 19,127 |
(1) Together with stock-based compensation, the Company does not allocate restructuring and related charges and other non-recurring expenses 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) | June 30, 2023 |  | July 1, 2022 |  | June 30, 2023 |  | July 1, 2022
Net revenue (1) |  |  |  |  |  |  |
United States | $ | 101,908 |  |  | $ | 106,109 |  |  | $ | 207,649 |  |  | $ | 192,987 |
Other countries | 54,055 |  |  | 51,337 |  |  | 105,963 |  |  | 111,898 |
Total | $ | 155,963 |  |  | $ | 157,446 |  |  | $ | 313,612 |  |  | $ | 304,885 |
(1) Revenue is attributed to countries based on the location of the customer.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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