Segment Information (Tables)

12 Months Ended

Dec. 31, 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:

	Year ended December 31,
	2020			2019			2018
	(In thousands, except percentage data)
Net Revenue:
Connected Home	$	1,007,545		$	711,391		$	771,060
SMB		247,657			287,372			287,756
Total net revenue	$	1,255,202		$	998,763		$	1,058,816

Contribution Income:
Connected Home	$	152,512		$	67,775		$	96,340
Contribution margin		15.1	%		9.5	%		12.5	%
SMB	$	42,174		$	67,282		$	70,142
Contribution margin		17.0	%		23.4	%		24.4	%
Total segment contribution income	$	194,686		$	135,057		$	166,482
Corporate and unallocated costs		(77,645	)		(70,301	)		(89,325	)
Amortization of intangibles ⁽¹⁾		(5,952	)		(6,731	)		(7,979	)
Stock-based compensation expense		(30,505	)		(29,137	)		(26,461	)
Separation expense		—			(264	)		(929	)
Change in fair value of contingent consideration		2,928			25			—
Restructuring and other charges		(1,702	)		(2,077	)		(2,198	)
Gain/(loss) on investments, net		(6,222	)		(224	)		(861	)
Litigation reserves, net		(44	)		(160	)		(15	)
Interest income		436			2,539			3,980
Other income (expense), net		(5,177	)		844			510
Income before income taxes	$	70,803		$	29,571		$	43,204

⁽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 years ended December 31, 2020, 2019 and 2018

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
United States (U.S.)	$	866,161	$	637,566	$	686,145
Americas (excluding U.S.)		31,810		15,440		14,548
EMEA		221,665		200,099		207,599
APAC		135,566		145,658		150,524
Total net revenue	$	1,255,202	$	998,763	$	1,058,816

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 December 31,
	2020		2019
	(In thousands)
United States	$	19,173	$	23,137
Americas (excluding U.S.)		2,845		3,954
EMEA		3,215		3,782
Singapore		5,964		—
China		3,959		5,040
APAC (excluding Singapore and China) ⁽¹⁾		10,335		10,687
Total	$	45,491	$	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.}