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SEGMENT INFORMATION
 6 Months Ended
Jun. 27, 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 tables set forth our segment information of revenue, expense, and income (loss) from operations:
Three Months Ended June 27, 2025
 (in thousands)BroadbandVideoTotal
Revenue$86,918 $51,109 $138,027 
Less:
Cost of revenue46,506 16,860 63,366 
Research and development15,137 13,099 28,236 
Selling, general and administrative16,690 15,803 32,493 
Segment operating income$8,585 $5,347 $13,932 
Three Months Ended June 28, 2024
 (in thousands)BroadbandVideoTotal
Revenue$92,937 $45,803 $138,740 
Less:
Cost of revenue48,701 16,309 65,010 
Research and development13,396 13,866 27,262 
Selling, general and administrative17,059 17,197 34,256 
Segment operating income (loss)$13,781 $(1,569)$12,212 
Six Months Ended June 27, 2025
 (in thousands)BroadbandVideoTotal
Revenue$171,796 $99,366 $271,162 
Less:
Cost of revenue84,304 33,062 117,366 
Research and development31,204 25,888 57,092 
Selling, general and administrative33,682 30,498 64,180 
Segment operating income$22,606 $9,918 $32,524 
Six Months Ended June 28, 2024
 (in thousands)BroadbandVideoTotal
Revenue$171,834 $88,966 $260,800 
Less:
Cost of revenue90,104 32,903 123,007 
Research and development26,944 29,068 56,012 
Selling, general and administrative32,411 35,915 68,326 
Segment operating income (loss)$22,375 $(8,920)$13,455 
A reconciliation of the Company’s consolidated segment operating income to consolidated income (loss) before income taxes is as follows:
Three Months EndedSix Months Ended
(in thousands)June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Total consolidated segment operating income$13,932 $12,212 $32,524 $13,455 
Stock-based compensation (1)
(7,697)(6,954)(16,162)(13,877)
Restructuring and related charges (1)
(650)(11,482)(650)(14,979)
Lease-related asset impairment and other charges (1)
(1,637)(9,000)(1,637)(9,000)
Non-recurring advisory fees (1)
(78)(406)(78)(755)
Consolidated income (loss) from operations3,870 (15,630)13,997 (25,156)
Non-operating expense, net(894)(805)(2,540)(1,817)
Income (loss) before income taxes$2,976 $(16,435)$11,457 $(26,973)
(1) Together with stock-based compensation, the Company does not allocate restructuring and related charges, lease-related asset impairment and other non-recurring advisory fees 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 EndedSix Months Ended
(in thousands)June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Product sales$84,470 $87,441 $172,540 $161,357 
Professional services9,597 6,743 13,068 14,422 
Total Appliance and integration94,067 94,184 185,608 175,779 
SaaS15,445 14,023 30,212 26,887 
Support services28,515 30,533 55,342 58,134 
Total SaaS and services43,960 44,556 85,554 85,021 
Total revenue$138,027 $138,740 $271,162 $260,800 
The following table provides a summary of total revenues by geographic region:
Three Months EndedSix Months Ended
(in thousands)June 27, 2025June 28, 2024June 27, 2025June 28, 2024
United States (1)
$92,470 $100,829 $181,331 $182,821 
Other countries (1)
45,557 37,911 89,831 77,979 
Total revenue$138,027 $138,740 $271,162 $260,800 
(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 27, 2025 and June 28, 2024, respectively.