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Revenue (Tables)
9 Months Ended
Oct. 01, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Remaining Performance Obligations

 

(In thousands)

 

Less than 1 year

 

 

1 to 2 years

 

 

Beyond 2 years

 

 

Total

 

Performance obligations

 

$

86,773

 

 

$

2,431

 

 

$

2,368

 

 

$

91,572

 

Schedule of Contract Balances

The following table reflects the contract balances:

 

(In thousands)

 

Balance Sheet Location

 

October 1, 2023

 

 

December 31, 2022

 

Accounts receivable, net

 

Accounts receivable, net

 

$

200,900

 

 

$

277,485

 

Contract liabilities - current

 

Deferred revenue

 

$

25,090

 

 

$

21,128

 

Contract liabilities - non-current

 

Other non-current liabilities

 

$

4,706

 

 

$

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

 

 

 

October 1, 2023

 

 

October 2, 2022

 

(In thousands)

 

Connected
Home

 

 

SMB

 

 

Total

 

 

Connected
Home

 

 

SMB

 

 

Total

 

Geographic regions (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

104,695

 

 

$

36,323

 

 

$

141,018

 

 

$

120,168

 

 

$

49,192

 

 

$

169,360

 

EMEA

 

 

10,898

 

 

 

24,786

 

 

 

35,684

 

 

 

12,545

 

 

 

32,282

 

 

 

44,827

 

APAC

 

 

11,742

 

 

 

9,401

 

 

 

21,143

 

 

 

17,868

 

 

 

17,532

 

 

 

35,400

 

Total

 

$

127,335

 

 

$

70,510

 

 

$

197,845

 

 

$

150,581

 

 

$

99,006

 

 

$

249,587

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

32,403

 

 

$

219

 

 

$

32,622

 

 

$

40,448

 

 

$

1,171

 

 

$

41,619

 

Non-service provider

 

 

94,932

 

 

 

70,291

 

 

 

165,223

 

 

 

110,133

 

 

 

97,835

 

 

 

207,968

 

Total

 

$

127,335

 

 

$

70,510

 

 

$

197,845

 

 

$

150,581

 

 

$

99,006

 

 

$

249,587

 

 

 

 

Nine Months Ended

 

 

 

October 1, 2023

 

 

October 2, 2022

 

(In thousands)

 

Connected
Home

 

 

SMB

 

 

Total

 

 

Connected
Home

 

 

SMB

 

 

Total

 

Geographic regions (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

266,379

 

 

$

113,172

 

 

$

379,551

 

 

$

327,372

 

 

$

130,664

 

 

$

458,036

 

EMEA

 

 

34,279

 

 

 

76,744

 

 

 

111,023

 

 

 

34,230

 

 

 

92,413

 

 

 

126,643

 

APAC

 

 

27,829

 

 

 

33,763

 

 

 

61,592

 

 

 

48,185

 

 

 

50,505

 

 

 

98,690

 

Total

 

$

328,487

 

 

$

223,679

 

 

$

552,166

 

 

$

409,787

 

 

$

273,582

 

 

$

683,369

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

71,346

 

 

$

427

 

 

$

71,773

 

 

$

92,544

 

 

$

3,515

 

 

$

96,059

 

Non-service provider

 

 

257,141

 

 

 

223,252

 

 

 

480,393

 

 

 

317,243

 

 

 

270,067

 

 

 

587,310

 

Total

 

$

328,487

 

 

$

223,679

 

 

$

552,166

 

 

$

409,787

 

 

$

273,582

 

 

$

683,369

 

 

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