XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Oct. 03, 2021
Segment Reporting [Abstract] |
Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income (Loss) Before Income Taxes | Financial information for each reportable segment and a reconciliation of segment contribution income to income before income taxes is as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 3, 2021 |  |  | September 27, 2020 |  |  | October 3, 2021 |  |  | September 27, 2020 |
Net Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Connected Home |  | $ | 208,539 |  |  | $ | 316,739 |  |  | $ | 679,320 |  |  | $ | 711,419 |
SMB |  |  | 81,611 |  |  |  | 61,375 |  |  |  | 237,566 |  |  |  | 176,710 |
Total net revenue |  | $ | 290,150 |  |  | $ | 378,114 |  |  | $ | 916,886 |  |  | $ | 888,129 |
Contribution Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Connected Home |  | $ | 22,558 |  |  | $ | 55,964 |  |  | $ | 101,189 |  |  | $ | 105,738 |
Contribution margin |  |  | 10.8 | % |  |  | 17.7 | % |  |  | 14.9 | % |  |  | 14.9 | %
SMB |  | $ | 17,137 |  |  | $ | 8,721 |  |  | $ | 49,831 |  |  | $ | 26,573 |
Contribution margin |  |  | 21.0 | % |  |  | 14.2 | % |  |  | 21.0 | % |  |  | 15.0 | %
Total segment contribution income |  | $ | 39,695 |  |  | $ | 64,685 |  |  | $ | 151,020 |  |  | $ | 132,311 |
Corporate and unallocated costs |  |  | (20,203 | ) |  |  | (23,293 | ) |  |  | (62,744 | ) |  |  | (61,744 | )
Amortization of intangibles (1) |  |  | (145 | ) |  |  | (1,470 | ) |  |  | (1,768 | ) |  |  | (4,508 | )
Stock-based compensation expense |  |  | (6,210 | ) |  |  | (7,218 | ) |  |  | (20,072 | ) |  |  | (22,726 | )
Change in fair value of contingent consideration |  |  | — |  |  |  | (187 | ) |  |  | 3,003 |  |  |  | (276 | )
Restructuring and other charges |  |  | (222 | ) |  |  | (329 | ) |  |  | (3,378 | ) |  |  | (1,311 | )
Litigation reserves, net |  |  | — |  |  |  | (22 | ) |  |  | (315 | ) |  |  | (44 | )
Other income (expense), net (2) |  |  | (132 | ) |  |  | (417 | ) |  |  | 15 |  |  |  | (4,378 | )
Income before income taxes |  | $ | 12,783 |  |  | $ | 31,749 |  |  | $ | 65,761 |  |  | $ | 37,324 |
(1) | Amounts excluded amortization expense related to patents within purchased intangibles in cost of revenue.
(2) | Amounts included gain/loss on investments, net, of $(166,000) and $(174,000) for the three and nine months ended October 3, 2021, respectively, and $(0.9) million and $(5.4) million for the three and nine months ended September 27, 2020, respectively.
Schedule of Net Revenue by Geography | The following table shows net revenue by geography for the periods indicated:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 3, 2021 |  |  | September 27, 2020 |  |  | October 3, 2021 |  |  | September 27, 2020 |
|  | (In thousands) |
United States (U.S.) |  | $ | 188,009 |  |  | $ | 271,683 |  |  | $ | 606,735 |  |  | $ | 624,321 |
Americas (excluding U.S.) |  |  | 7,114 |  |  |  | 6,208 |  |  |  | 20,172 |  |  |  | 14,006 |
EMEA |  |  | 56,940 |  |  |  | 63,705 |  |  |  | 179,802 |  |  |  | 154,212 |
APAC |  |  | 38,087 |  |  |  | 36,518 |  |  |  | 110,177 |  |  |  | 95,590 |
Total net revenue |  | $ | 290,150 |  |  | $ | 378,114 |  |  | $ | 916,886 |  |  | $ | 888,129 |
Schedule of Long-Lived Asset By Geographic Region | The following table presents the Company's long-lived assets located in geographic areas, which consist of property and equipment, net and operating lease right-of-use assets, net:
|  | As of |
|  | October 3, 2021 |  |  | December 31, 2020 |
|  | (In thousands) |
United States (U.S.) |  | $ | 15,787 |  |  | $ | 19,173 |
Americas (excluding U.S.) |  |  | 3,563 |  |  |  | 2,845 |
EMEA |  |  | 2,762 |  |  |  | 3,215 |
Singapore |  |  | 4,870 |  |  |  | 5,964 |
APAC (excluding Singapore) (1) |  |  | 12,904 |  |  |  | 14,294 |
Total |  | $ | 39,886 |  |  | $ | 45,491 |
(1) | No individual country, other than disclosed above, represented more than 10% of the Company's total long-lived assets in the periods presented.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration