XML 94 R81.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Information (Schedule of Reportable Segments and Reconciliation of Total Segment Contribution Income to Income (loss) Before Income Taxes) (Details) - USD ($)
3 Months Ended 12 Months Ended
Apr. 03, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]        
Net revenue   $ 673,759,000 $ 740,840,000 $ 932,472,000
Cost of revenue   476,219,000 489,926,000 680,056,000
Gross profit   $ 197,540,000 $ 250,914,000 $ 252,416,000
Gross margin   29.30% 33.90% 27.10%
Operating expenses   $ 179,546,000 $ 184,604,000 [1] $ 196,405,000 [1]
Contribution income (loss)   $ 17,994,000 $ 66,310,000 [1] $ 56,011,000 [1]
Segment contribution margin   2.70% 9.00% [1] 6.00% [1]
Corporate and unallocated costs   $ (67,633,000) $ (76,179,000) [1] $ (71,648,000) [1]
Amortization of intangibles [2]   0 (257,000) (514,000)
Stock-based compensation expense   (22,678,000) (17,938,000) (17,734,000)
Goodwill impairment   0 0 (44,442,000)
Intangibles impairment   0 (1,071,000) 0
Restructuring and other charges   (4,479,000) (3,962,000) (4,577,000)
Litigation reserves, net   89,012,000 (178,000) (20,000)
Other income, net [3]   12,672,000 14,139,000 902,000
Income (loss) before income taxes   24,888,000 (19,136,000) (82,022,000)
NETGEAR for Business        
Segment Reporting Information [Line Items]        
Net revenue   287,812,000 293,975,000 373,649,000
Cost of revenue   168,399,000 163,083,000 230,525,000
Gross profit   $ 119,413,000 $ 130,892,000 $ 143,124,000
Gross margin   41.50% 44.50% 38.30%
Operating expenses   $ 75,408,000 $ 74,127,000 [1] $ 69,582,000 [1]
Contribution income (loss)   $ 44,005,000 $ 56,765,000 [1] $ 73,542,000 [1]
Segment contribution margin   15.30% 19.30% [1] 19.70% [1]
Goodwill impairment   $ 0 $ 0 $ 0
Connected Home        
Segment Reporting Information [Line Items]        
Net revenue   385,947,000 446,865,000 558,823,000
Cost of revenue   307,820,000 326,843,000 449,531,000
Gross profit   $ 78,127,000 $ 120,022,000 $ 109,292,000
Gross margin   20.20% 26.90% 19.60%
Operating expenses   $ 104,138,000 $ 110,477,000 [1] $ 126,823,000 [1]
Contribution income (loss)   $ (26,011,000) $ 9,545,000 [1] $ (17,531,000) [1]
Segment contribution margin   (6.70%) 2.10% [1] (3.10%) [1]
Goodwill impairment $ (44,400,000)      
Intangibles impairment     $ (1,100,000)  
[1] Financial information for each reportable segment in the prior year periods were recast to conform to the current reportable segment structure.
[2] Amounts excluded amortization expenses related to patents within purchased intangibles in cost of revenue.
[3] Amounts included gain/(loss), net from litigation settlement of $6.0 million for the year ended December 31, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $3.3 million, 0.3 million and $2.7 million, for the years ended December 31, 2024, 2023 and 2022, respectively.