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SEGMENT INFORMATION
 9 Months Ended
Sep. 27, 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 EndedNine Months Ended
(in thousands)September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Broadband
Revenue$145,338 $75,806 $317,172 $273,253 
Operating income38,192 6,128 60,567 44,307 
Video
Revenue$50,418 $51,397 $139,384 $167,562 
Operating income (loss)6,326 (6,050)(2,594)(7,386)
Total
Revenue$195,756 $127,203 $456,556 $440,815 
Operating income44,518 78 57,973 36,921 
A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows:
Three Months EndedNine Months Ended
(in thousands)September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Total consolidated segment operating income$44,518 $78 $57,973 $36,921 
Stock-based compensation (1)
(5,710)(7,241)(19,587)(20,724)
Restructuring and related charges (1)
(281)(1,076)(15,260)(1,159)
Lease related asset impairment and other charges (1)
(1,279)— (10,279)— 
Asset impairment charges (1)
(1,824)— (1,824)— 
Unallocated corporate expenses (1)
— (364)(755)(2,499)
Consolidated income (loss) from operations35,424 (8,603)10,268 12,539 
Non-operating expense, net(6,618)(276)(8,435)(2,211)
Income (loss) before income taxes$28,806 $(8,879)$1,833 $10,328 
(1) Together with stock-based compensation, the Company does not allocate restructuring and related charges, lease-related and other charges, asset impairment charges and other non-recurring expenses to the operating income 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 EndedNine Months Ended
(in thousands)September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Product sales$150,285 $76,133 $311,642 $283,551 
Professional services3,400 8,627 17,822 27,130 
Total Appliance and integration153,685 84,760 329,464 310,681 
SaaS14,182 12,540 41,069 37,707 
Support services27,889 29,903 86,023 92,427 
Total SaaS and services42,071 42,443 127,092 130,134 
Total revenue$195,756 $127,203 $456,556 $440,815 
The following table provides a summary of total revenues by geographic region:
Three Months EndedNine Months Ended
(in thousands)September 27, 2024September 29, 2023September 27, 2024September 29, 2023
United States (1)
$157,519 $80,501 $340,340 $288,150 
Other countries (1)
38,237 46,702 116,216 152,665 
Total revenue$195,756 $127,203 $456,556 $440,815 
(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 nine months ended September 27, 2024 and September 29, 2023, respectively.