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Revenue (Tables)
9 Months Ended
Sep. 27, 2020
Revenue From Contract With Customer [Abstract]  
Schedule of Remaining Performance Obligations

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 27, 2020:

 

 

 

1 year

 

 

2 years

 

 

Greater than

2 years

 

 

Total

 

 

(In thousands)

 

Performance obligations

 

$

139,566

 

 

$

1,828

 

 

$

1,134

 

 

$

142,528

 

Schedule of Contract Balances

The following table reflects the contract balances as of September 27, 2020 and December 31, 2019, respectively:

 

 

 

Balance Sheet Location

 

September 27, 2020

 

 

December 31, 2019

 

 

 

 

 

(In thousands)

 

Accounts receivable, net

 

Accounts receivable, net

 

$

340,004

 

 

$

277,168

 

Contract liabilities - current

 

Deferred revenue

 

$

10,883

 

 

$

6,450

 

Contract liabilities - non-current

 

Other non-current liabilities

 

$

2,930

 

 

$

2,061

 

 

Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel

In the following table, 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 table also includes a reconciliation 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

 

 

 

September 27, 2020

 

 

September 29, 2019

 

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

Geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

248,888

 

 

$

29,003

 

 

$

277,891

 

 

$

146,806

 

 

$

31,873

 

 

$

178,679

 

EMEA

 

 

42,760

 

 

 

20,945

 

 

 

63,705

 

 

 

22,190

 

 

 

27,364

 

 

 

49,554

 

APAC

 

 

25,091

 

 

 

11,427

 

 

 

36,518

 

 

 

21,676

 

 

 

15,949

 

 

 

37,625

 

Total

 

$

316,739

 

 

$

61,375

 

 

$

378,114

 

 

$

190,672

 

 

$

75,186

 

 

$

265,858

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

73,343

 

 

$

712

 

 

$

74,055

 

 

$

35,482

 

 

$

972

 

 

$

36,454

 

Non-service provider

 

 

243,396

 

 

 

60,663

 

 

 

304,059

 

 

 

155,190

 

 

 

74,214

 

 

 

229,404

 

Total

 

$

316,739

 

 

$

61,375

 

 

$

378,114

 

 

$

190,672

 

 

$

75,186

 

 

$

265,858

 

 

 

 

Nine Months Ended

 

 

 

September 27, 2020

 

 

September 29, 2019

 

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

Geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

557,862

 

 

$

80,465

 

 

$

638,327

 

 

$

392,162

 

 

$

91,716

 

 

$

483,878

 

EMEA

 

 

91,934

 

 

 

62,278

 

 

 

154,212

 

 

 

65,406

 

 

 

84,202

 

 

 

149,608

 

APAC

 

 

61,623

 

 

 

33,967

 

 

 

95,590

 

 

 

69,964

 

 

 

42,342

 

 

 

112,306

 

Total

 

$

711,419

 

 

$

176,710

 

 

$

888,129

 

 

$

527,532

 

 

$

218,260

 

 

$

745,792

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

144,182

 

 

$

2,380

 

 

$

146,562

 

 

$

99,201

 

 

$

3,370

 

 

$

102,571

 

Non-service provider

 

 

567,237

 

 

 

174,330

 

 

 

741,567

 

 

 

428,331

 

 

 

214,890

 

 

 

643,221

 

Total

 

$

711,419

 

 

$

176,710

 

 

$

888,129

 

 

$

527,532

 

 

$

218,260

 

 

$

745,792