Discontinued Operations (Tables)

9 Months Ended

Sep. 29, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The financial results of Arlo through the Distribution date are presented as income (loss) from discontinued operations, net of tax, in the unaudited condensed consolidated statement of operations. The following table presents financial results of Arlo for the three and nine months ended September 30, 2018:

	Three Months Ended			Nine Months Ended
	September 30, 2018			September 30, 2018
	(In thousands)
Net revenue	$	131,175		$	342,491
Cost of revenue	101,427			255,666
Gross profit	29,748			86,825
Operating expenses:
Research and development	14,816			32,569
Sales and marketing	11,592			25,148
General and administrative	6,905			9,859
Separation expense	6,675			25,443
Total operating expenses	39,988			93,019
Loss from operations of discontinued operations	(10,240		)	(6,194		)
Interest income, net	503			503
Other income (expense), net	(126		)	213
Loss from discontinued operations before income taxes	(9,863		)	(5,478		)
Provision (benefit) for income taxes	(2,703		)	2,873
Loss from discontinued operations, net of tax	$	(7,160	)	$	(8,351	)