XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.25.1

SEGMENT INFORMATION | 3 Months Ended
--- | ---
Mar. 28, 2025
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 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. 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 telco Pay-TV service providers. The Company’s CODM allocates resources to and assesses the performance of each operating segment using information about the operating segment’s revenue and income (loss) from operations. Our CODM does not evaluate operating segments using asset or liability information. The following table set forth our segment information of revenue, expense, and income (loss) from operations:
| Three Months Ended March 28, 2025
(in thousands) | Broadband |  | Video |  | Total
Revenue | $ | 84,878 |  |  | $ | 48,257 |  |  | $ | 133,135 |
Less: |  |  |  |  |
Cost of revenue | 37,798 |  |  | 16,202 |  |  | 54,000 |
Research and development | 16,067 |  |  | 12,789 |  |  | 28,856 |
Selling, general and administrative | 16,992 |  |  | 14,695 |  |  | 31,687 |
Segment operating income | $ | 14,021 |  |  | $ | 4,571 |  |  | $ | 18,592 |
| Three Months Ended March 29, 2024
(in thousands) | Broadband |  | Video |  | Total
Revenue | $ | 78,897 |  |  | $ | 43,163 |  |  | $ | 122,060 |
Less: |  |  |  |  |
Cost of revenue | 41,403 |  |  | 16,594 |  |  | 57,997 |
Research and development | 13,548 |  |  | 15,202 |  |  | 28,750 |
Selling, general and administrative | 15,352 |  |  | 18,718 |  |  | 34,070 |
Segment operating income (loss) | $ | 8,594 |  |  | $ | (7,351) |  |  | $ | 1,243 |
A reconciliation of the Company’s consolidated segment operating income to consolidated income (loss) before income taxes is as follows:
| Three Months Ended |  |
(in thousands) | March 28, 2025 |  | March 29, 2024 |  |  |  |
Total consolidated segment operating income | $ | 18,592 |  |  | $ | 1,243 |  |  |  |  |
Stock-based compensation (1) | (8,465) |  |  | (6,923) |  |  |  |  |
Restructuring and related charges (1) | — |  |  | (3,497) |  |  |  |  |
Non-recurring advisory fees (1) | — |  |  | (349) |  |  |  |  |
Consolidated income (loss) from operations | 10,127 |  |  | (9,526) |  |  |  |  |
Non-operating expense, net | (1,646) |  |  | (1,012) |  |  |  |  |
Income (loss) before income taxes | $ | 8,481 |  |  | $ | (10,538) |  |  |  |  |
(1) Together with stock-based compensation, the Company does not allocate restructuring and related 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 Ended |  |
(in thousands) | March 28, 2025 |  | March 29, 2024 |  |  |  |
Product sales | $ | 88,070 |  |  | $ | 73,916 |  |  |  |  |
Professional services | 3,471 |  |  | 7,679 |  |  |  |  |
Total Appliance and integration | 91,541 |  |  | 81,595 |  |  |  |  |
SaaS | 14,767 |  |  | 12,864 |  |  |  |  |
Support services | 26,827 |  |  | 27,601 |  |  |  |  |
Total SaaS and services | 41,594 |  |  | 40,465 |  |  |  |  |
Total revenue | $ | 133,135 |  |  | $ | 122,060 |  |  |  |  |
The following table provides a summary of total revenues by geographic region:
| Three Months Ended |  |
(in thousands) | March 28, 2025 |  | March 29, 2024 |  |  |  |
United States (1) | $ | 88,861 |  |  | $ | 81,992 |  |  |  |  |
Other countries (1) | 44,274 |  |  | 40,068 |  |  |  |  |
Total revenue | $ | 133,135 |  |  | $ | 122,060 |  |  |  |  |
(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 months ended March 28, 2025 and March 29, 2024, respectively.

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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: 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 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -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 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: 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 13: 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 14: 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 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: 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 18: 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 19: 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 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: 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 22: 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 23: 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 24: 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 25: 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration