XML 79 R65.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information (Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income (Loss) Before Income Taxes) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Segment Reporting Information [Line Items]        
Total net revenue [1] $ 182,854 $ 197,845 $ 491,340 $ 552,166
Total segment contribution income 11,353 24,012 [2] 3,384 44,590 [2]
Corporate and unallocated costs (9,708) (18,760) [2] (48,864) (57,145) [2]
Amortization of intangibles 0 0 0 (257)
Stock-based compensation expense (5,620) (4,285) (16,052) (13,637)
Intangibles impairment 0 (1,071) 0 (1,071)
Restructuring and other charges (1,072) (366) (3,792) (2,703)
Litigation reserves, net 100,855 (178) 92,625 (178)
Other income, net [3] 3,485 2,280 9,048 11,685
Income (loss) before income taxes 99,293 1,632 36,349 (18,716)
NETGEAR for Business        
Segment Reporting Information [Line Items]        
Total net revenue [1] 78,530 70,510 207,020 223,679
Total segment contribution income $ 16,133 $ 14,547 [2] $ 28,098 $ 42,254 [2]
Segment contribution margin 20.50% 20.60% [2] 13.60% 18.90% [2]
Connected Home        
Segment Reporting Information [Line Items]        
Total net revenue [1] $ 104,324 $ 127,335 $ 284,320 $ 328,487
Total segment contribution income $ (4,780) $ 9,465 [2] $ (24,714) $ 2,336 [2]
Segment contribution margin (4.60%) 7.40% [2] (8.70%) 0.70% [2]
[1] No individual foreign country represented more than 10% of the Company’s total net revenue in the periods presented.
[2] Financial information for each reportable segment in the prior year periods were recast to conform to the current reportable segment structure.
[3] Amounts included gain/(loss), net from derivatives not designated as hedging instruments of $(1.6) million and $0.5 million, for the three and nine months ended September 29, 2024, respectively, and $1.3 million and $2.2 million, for the three and nine months ended October 1, 2023, respectively, and gain/(loss), net from a litigation settlement of $6.0 million for the nine months ended October 1, 2023.