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Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information

15. 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 these 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), net and income tax benefit (expense) 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 revenue and gross profit of our reportable segments:

 

 

 

Three Months Ended

 

 

 

June 30, 2022

 

 

June 30, 2021

 

(In thousands)

 

Revenue

 

 

Gross Profit

 

 

Revenue

 

 

Gross Profit

 

Network Solutions

 

$

155,992

 

 

$

56,071

 

 

$

125,449

 

 

$

55,435

 

Services & Support

 

 

16,046

 

 

 

6,435

 

 

 

17,783

 

 

 

7,233

 

Total

 

$

172,038

 

 

$

62,506

 

 

$

143,232

 

 

$

62,668

 

 

 

 

Six Months Ended

 

 

 

June 30, 2022

 

 

June 30, 2021

 

(In thousands)

 

Revenue

 

 

Gross Profit

 

 

Revenue

 

 

Gross Profit

 

Network Solutions

 

$

294,366

 

 

$

103,791

 

 

$

239,258

 

 

$

104,243

 

Services & Support

 

 

32,190

 

 

 

13,031

 

 

 

31,507

 

 

 

12,026

 

Total

 

$

326,556

 

 

$

116,822

 

 

$

270,765

 

 

$

116,269

 

 

Revenue by Category

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

The table below presents revenue information by category:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Access & Aggregation

 

$

89,761

 

 

$

90,964

 

 

$

185,221

 

 

$

160,038

 

Subscriber Solutions & Experience

 

 

78,144

 

 

 

47,810

 

 

 

132,750

 

 

 

102,379

 

Traditional & Other Products

 

 

4,133

 

 

 

4,458

 

 

 

8,585

 

 

 

8,348

 

Total

 

$

172,038

 

 

$

143,232

 

 

$

326,556

 

 

$

270,765

 

 

Revenue by Geographic Area

 

The following table presents revenue information by geographic area:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

105,752

 

 

$

94,656

 

 

$

204,801

 

 

$

181,141

 

United Kingdom

 

 

28,838

 

 

 

13,566

 

 

 

59,243

 

 

 

21,501

 

Germany

 

 

14,859

 

 

 

18,750

 

 

 

25,376

 

 

 

32,955

 

Other international

 

 

22,589

 

 

 

16,260

 

 

 

37,136

 

 

 

35,168

 

Total

 

$

172,038

 

 

$

143,232

 

 

$

326,556

 

 

$

270,765