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Segment Information
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information

16. SEGMENT INFORMATION

The chief operating decision maker regularly reviews the Company’s financial performance based on two reportable segments: (1) Network Solutions and (2) Services & Support. Network Solutions includes hardware and software products and next-generation virtualized solutions used in service provider or business networks, as well as prior-generation products. Services & Support includes a portfolio of maintenance, network installation and solution integration services, which include hosted cloud services and subscription services.

The performance of our segments is evaluated based on gross profit; therefore, selling, general and administrative expenses, research and development expenses, interest and dividend income, interest expense, net investment gain (loss), other income (expense) and (provision) benefit for income taxes are reported on a Company-wide basis only. There is no inter-segment revenue. Asset information by reportable segment is not produced and, therefore, is not reported.

The following tables present information about the sales and gross profit of our reportable segments for the three and six months ended June 30, 2020 and 2019.

 

 

 

Three Months Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

(In thousands)

 

Sales

 

 

Gross Profit

 

 

Sales

 

 

Gross Profit

 

Network Solutions

 

$

111,323

 

 

$

47,252

 

 

$

139,167

 

 

$

58,992

 

Services & Support

 

 

17,392

 

 

 

6,220

 

 

 

17,224

 

 

 

6,023

 

Total

 

$

128,715

 

 

$

53,472

 

 

$

156,391

 

 

$

65,015

 

 

 

 

Six Months Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

(In thousands)

 

Sales

 

 

Gross Profit

 

 

Sales

 

 

Gross Profit

 

Network Solutions

 

$

208,695

 

 

$

92,998

 

 

$

264,989

 

 

$

114,080

 

Services & Support

 

 

34,543

 

 

 

12,074

 

 

 

35,193

 

 

 

11,547

 

Total

 

$

243,238

 

 

$

105,072

 

 

$

300,182

 

 

$

125,627

 

 

Sales by Category

In addition to our reporting segments, revenue is also reported for the following three categories – Access & Aggregation, Subscriber Solutions & Experience and Traditional & Other Products.

The table below presents sales information by category for the three and six months ended June 30, 2020 and 2019:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Access & Aggregation

 

$

82,776

 

 

$

109,421

 

 

$

148,742

 

 

$

209,199

 

Subscriber Solutions & Experience

 

 

40,393

 

 

 

40,502

 

 

 

82,572

 

 

 

77,255

 

Traditional & Other Products

 

 

5,546

 

 

 

6,468

 

 

 

11,924

 

 

 

13,728

 

Total

 

$

128,715

 

 

$

156,391

 

 

$

243,238

 

 

$

300,182

 

 

Sales by Geographic Area

 

The following table presents sales information by geographic area for the three and six months ended June 30, 2020 and 2019: 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

United States

 

$

84,458

 

 

$

75,288

 

 

$

163,449

 

 

$

147,816

 

International

 

 

44,257

 

 

 

81,103

 

 

 

79,789

 

 

 

152,366

 

Total

 

$

128,715

 

 

$

156,391

 

 

$

243,238

 

 

$

300,182