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Revenues
9 Months Ended
Sep. 29, 2018
Revenues  
Revenues

10. Revenues

 

The Company groups its revenues into four categories, based on the markets and applications in which its products may be used. The following disaggregates the Company’s revenue by product category (in thousands):

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 29,
2018

 

September 30,
2017(1)

 

September 29,
2018

 

September 30,
2017(1)

 

Internet of Things

 

$

125,390

 

$

99,947

 

$

344,504

 

$

285,522

 

Infrastructure

 

52,554

 

38,881

 

153,494

 

113,082

 

Broadcast

 

36,081

 

42,977

 

106,318

 

116,959

 

Access

 

16,218

 

16,918

 

48,417

 

52,286

 

 

 

$

230,243

 

$

198,723

 

$

652,733

 

$

567,849

 

 

 

(1)   Under the modified retrospective method, prior period amounts have not been adjusted.

 

A portion of the Company’s sales are made to distributors under agreements allowing certain rights of return and/or price protection related to the final selling price to the end customers. These factors impact the timing and uncertainty of revenues and cash flows. The Company recognized revenue of $15.5 million and $23.9 million during the three and nine months ended September 29, 2018, respectively, from performance obligations that were satisfied in previous reporting periods. The following disaggregates the Company’s revenue by sales channel (in thousands):

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 29,
2018

 

September 30,
2017(1)

 

September 29,
2018

 

September 30,
2017(1)

 

Distributors

 

$

166,082

 

$

139,716

 

$

470,385

 

$

401,255

 

Direct customers

 

64,161

 

59,007

 

182,348

 

166,594

 

 

 

$

230,243

 

$

198,723

 

$

652,733

 

$

567,849

 

 

 

(1)   Under the modified retrospective method, prior period amounts have not been adjusted.