Segment Information (Tables)

6 Months Ended

Jun. 28, 2020

Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income Before Income Taxes

Financial information for each reportable segment and a reconciliation of segment contribution income to income before income taxes is as follows:

	Three Months Ended						Six Months Ended
	June 28, 2020			June 30, 2019			June 28, 2020			June 30, 2019

Net Revenue:
Connected Home	$	230,017		$	167,495		$	394,680		$	336,860
SMB		50,035			63,357			115,335			143,074
Total net revenue	$	280,052		$	230,852		$	510,015		$	479,934

Contribution Income:
Connected Home	$	36,187		$	14,204		$	49,774		$	33,323
Contribution margin		15.7	%		8.5	%		12.6	%		9.9	%
SMB	$	4,285		$	11,420		$	17,852		$	34,105
Contribution margin		8.6	%		18.0	%		15.5	%		23.8	%
Total segment contribution income	$	40,472		$	25,624		$	67,626		$	67,428
Corporate and unallocated costs		(19,489	)		(15,576	)		(38,451	)		(34,708	)
Amortization of intangibles ⁽¹⁾		(1,519	)		(1,682	)		(3,038	)		(3,692	)
Stock-based compensation expense		(9,172	)		(6,739	)		(15,508	)		(13,197	)
Separation expense		—			—			—			(264	)
Change in fair value of contingent consideration		(311	)		—			(89	)		—
Restructuring and other charges		(1,117	)		(1,291	)		(982	)		(1,223	)
Litigation reserves, net		3			(10	)		(22	)		(10	)
Interest income		49			782			311			1,483
Other income (expense), net		314			487			(4,272	)		828
Income before income taxes	$	9,230		$	1,595		$	5,575		$	16,645

⁽¹⁾	Amount excludes amortization expense related to patents within purchased intangibles in cost of revenue.

Schedule of Net Revenue by Geography

The following table shows net revenue by geography for the periods indicated:

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
	(In thousands)
United States (“U.S.”)	$	197,833	$	152,785	$	352,638	$	298,576
Americas (excluding U.S.)		4,413		4,385		7,798		6,623
EMEA		48,359		43,091		90,507		100,054
APAC		29,447		30,591		59,072		74,681
Total net revenue	$	280,052	$	230,852	$	510,015	$	479,934

Schedule of Long-Lived Asset By Geographic Region

The Company’s long-lived assets, which consist of property and equipment, net and operating lease right-of-use assets, net are located in the following geographic locations:

	As of
	June 28, 2020		December 31, 2019
	(In thousands)
United States (“U.S.”)	$	20,807	$	23,137
Americas (excluding U.S.)		3,703		4,036
EMEA		3,932		3,782
Singapore		5,999		—
China		3,944		5,040
APAC (excluding Singapore and China) ⁽¹⁾		8,925		10,605
Total	$	47,310	$	46,600

⁽¹⁾	No individual country, other than disclosed above, represented more than 10% of the Company’s total long-lived assets in the periods presented.