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Revenue (Tables)
3 Months Ended
Apr. 02, 2023
Revenue From Contract With Customer [Abstract]  
Schedule of Remaining Performance Obligations

The following table summarizes estimated revenue expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) as of April 2, 2023:

 

(In thousands)

 

2023

 

 

2024

 

 

Beyond 2024

 

 

Total

 

Performance obligations

 

$

88,231

 

 

$

2,167

 

 

$

2,046

 

 

$

92,444

 

Schedule of Contract Balances

The following table reflects the contract balances:

 

(In thousands)

 

Balance Sheet Location

 

April 2, 2023

 

 

December 31, 2022

 

Accounts receivable, net

 

Accounts receivable, net

 

$

192,540

 

 

$

277,485

 

Contract liabilities - current

 

Deferred revenue

 

$

22,439

 

 

$

21,128

 

Contract liabilities - non-current

 

Other non-current liabilities

 

$

4,195

 

 

$

3,897

 

Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel

In the following tables, net revenue is disaggregated by geographic region and sales channel. The Company conducts business across three geographic regions: Americas; Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). The tables also include reconciliations of the disaggregated revenue by reportable segment. The Company operates and reports in two segments: Connected Home, and Small and Medium Business (“SMB”). Sales and usage-based taxes are excluded from net revenue.

 

 

Three Months Ended

 

 

 

April 2, 2023

 

 

April 3, 2022

 

(In thousands)

 

Connected
Home

 

 

SMB

 

 

Total

 

 

Connected
Home

 

 

SMB

 

 

Total

 

Geographic regions (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

84,001

 

 

$

37,921

 

 

$

121,922

 

 

$

107,347

 

 

$

37,302

 

 

$

144,649

 

EMEA

 

 

12,064

 

 

 

27,114

 

 

 

39,178

 

 

 

9,018

 

 

 

27,847

 

 

 

36,865

 

APAC

 

 

6,681

 

 

 

13,127

 

 

 

19,808

 

 

 

13,977

 

 

 

15,067

 

 

 

29,044

 

Total

 

$

102,746

 

 

$

78,162

 

 

$

180,908

 

 

$

130,342

 

 

$

80,216

 

 

$

210,558

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

14,027

 

 

$

190

 

 

$

14,217

 

 

$

18,121

 

 

$

729

 

 

$

18,850

 

Non-service provider

 

 

88,719

 

 

 

77,972

 

 

 

166,691

 

 

 

112,221

 

 

 

79,487

 

 

 

191,708

 

Total

 

$

102,746

 

 

$

78,162

 

 

$

180,908

 

 

$

130,342

 

 

$

80,216

 

 

$

210,558

 

 

(1) No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented.