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SEGMENT INFORMATION | 6 Months Ended
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Jun. 28, 2024
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 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: Broadband and Video. The operating segments were determined based on the nature of the products offered. 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 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 following table provides summary financial information by reportable segment:
| Three Months Ended |  | Six Months Ended
(in thousands) | June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
Broadband |  |  |  |  |  |  |
Revenue | $ | 92,937 |  |  | $ | 97,096 |  |  | $ | 171,834 |  |  | $ | 197,447 |
Operating income | 13,781 |  |  | 18,066 |  |  | 22,375 |  |  | 38,179 |
Video |  |  |  |  |  |  |
Revenue | $ | 45,803 |  |  | $ | 58,867 |  |  | $ | 88,966 |  |  | $ | 116,165 |
Operating income (loss) | (1,569) |  |  | 90 |  |  | (8,920) |  |  | (1,336) |
Total |  |  |  |  |  |  |
Revenue | $ | 138,740 |  |  | $ | 155,963 |  |  | $ | 260,800 |  |  | $ | 313,612 |
Operating income | 12,212 |  |  | 18,156 |  |  | 13,455 |  |  | 36,843 |
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 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
Total consolidated segment operating income | $ | 12,212 |  |  | $ | 18,156 |  |  | $ | 13,455 |  |  | $ | 36,843 |
Stock-based compensation (1) | (6,954) |  |  | (6,059) |  |  | (13,877) |  |  | (13,483) |
Restructuring and related charges (1) | (11,482) |  |  | — |  |  | (14,979) |  |  | (83) |
Lease-related asset impairment and other charges (1) | (9,000) |  |  | — |  |  | (9,000) |  |  | — |
Unallocated corporate expenses (1) | (406) |  |  | (2,135) |  |  | (755) |  |  | (2,135) |
Consolidated income (loss) from operations | (15,630) |  |  | 9,962 |  |  | (25,156) |  |  | 21,142 |
Non-operating expense, net | (805) |  |  | (936) |  |  | (1,817) |  |  | (1,935) |
Income (loss) before income taxes | $ | (16,435) |  |  | $ | 9,026 |  |  | $ | (26,973) |  |  | $ | 19,207 |
(1) Together with stock-based compensation, the Company does not allocate restructuring and related charges, lease-related asset impairment 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. Disaggregation of Revenues The following table provides a summary of total revenues disaggregated by type:
| Three Months Ended |  | Six Months Ended
(in thousands) | June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
Product sales | $ | 87,441 |  |  | $ | 99,594 |  |  | $ | 161,357 |  |  | $ | 207,418 |
Professional services | 6,743 |  |  | 11,533 |  |  | 14,422 |  |  | 18,503 |
Total Appliance and integration | 94,184 |  |  | 111,127 |  |  | 175,779 |  |  | 225,921 |
SaaS | 14,023 |  | 13,584 |  |  | 26,887 |  |  | 25,167 |
Support services | 30,533 |  |  | 31,252 |  |  | 58,134 |  |  | 62,524 |
Total SaaS and services | 44,556 |  |  | 44,836 |  |  | 85,021 |  |  | 87,691 |
Total revenue | $ | 138,740 |  |  | $ | 155,963 |  |  | $ | 260,800 |  |  | $ | 313,612 |
The following table provides a summary of total revenues by geographic region:
| Three Months Ended |  | Six Months Ended
(in thousands) | June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
United States (1) | $ | 100,829 |  |  | $ | 101,908 |  |  | $ | 182,821 |  |  | $ | 207,649 |
Other countries (1) | 37,911 |  |  | 54,055 |  |  | 77,979 |  |  | 105,963 |
Total revenue | $ | 138,740 |  |  | $ | 155,963 |  |  | $ | 260,800 |  |  | $ | 313,612 |
(1) Revenue is attributed to countries based on the location of the customer. No single country, other than the United States, accounted for 10% or more of the Company’s net revenues for the three and six months ended June 28, 2024 and June 30, 2023, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. 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