XML 52 R41.htm IDEA: XBRL DOCUMENT v3.24.3
OPERATING SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2024
OPERATING SEGMENT INFORMATION  
Schedule of segment reporting information

The tables below provide revenue, adjusted gross profit and depreciation expense by reportable segment for the three and nine months ended September 30, 2024 and 2023 (in thousands):

Three months ended

Nine months ended

September 30, 

September 30, 

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Segment revenue:

Cloud and Edge

 

$

128,078

 

$

115,765

 

$

340,302

 

$

355,501

IP Optical Networks

 

82,160

 

87,396

 

242,220

 

244,437

Revenue

 

$

210,238

 

$

203,161

 

$

582,522

 

$

599,938

Three months ended

Nine months ended

September 30, 

September 30, 

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Segment adjusted gross profit:

Cloud and Edge

 

$

86,661

 

$

78,455

 

$

226,726

 

$

231,729

IP Optical Networks

 

29,634

 

32,862

 

93,390

 

78,613

Total segment adjusted gross profit

 

116,295

 

111,317

 

320,116

 

310,342

Stock-based compensation expense

(355)

(657)

(1,271)

(1,982)

Amortization of acquired technology

 

(6,323)

 

(7,157)

 

(19,406)

 

(21,985)

Gross profit

 

$

109,617

 

$

103,503

 

$

299,439

 

$

286,375

Three months ended

Nine months ended

September 30, 

September 30, 

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Segment depreciation expense:

Cloud and Edge

 

$

2,324

 

$

2,426

 

$

6,981

 

$

7,402

IP Optical Networks

 

1,037

 

1,118

 

3,150

 

3,201

Depreciation expense

 

$

3,361

 

$

3,544

 

$

10,131

 

$

10,603