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Revenue (Tables)
6 Months Ended
Jun. 27, 2021
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 were unsatisfied (or partially unsatisfied) as of June 27, 2021:

 

 

 

1 year

 

 

2 years

 

 

Greater than

2 years

 

 

Total

 

 

(In thousands)

 

Performance obligations

 

$

126,016

 

 

$

1,907

 

 

$

1,126

 

 

$

129,049

 

Schedule of Contract Balances

The following table reflects the contract balances as of June 27, 2021 and December 31, 2020, respectively:

 

 

 

Balance Sheet Location

 

June 27, 2021

 

 

December 31, 2020

 

 

 

 

 

(In thousands)

 

Accounts receivable, net

 

Accounts receivable, net

 

$

290,598

 

 

$

337,052

 

Contract liabilities - current

 

Deferred revenue

 

$

15,620

 

 

$

13,458

 

Contract liabilities - non-current

 

Other non-current liabilities

 

$

2,862

 

 

$

3,165

 

 

Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel]

In the following tables, 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 reconciliations 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

 

 

 

June 27, 2021

 

 

June 28, 2020

 

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

Geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

177,703

 

 

$

34,931

 

 

$

212,634

 

 

$

179,810

 

 

$

22,436

 

 

$

202,246

 

EMEA

 

 

32,549

 

 

 

29,223

 

 

 

61,772

 

 

 

31,203

 

 

 

17,156

 

 

 

48,359

 

APAC

 

 

19,611

 

 

 

14,794

 

 

 

34,405

 

 

 

19,004

 

 

 

10,443

 

 

 

29,447

 

Total

 

$

229,863

 

 

$

78,948

 

 

$

308,811

 

 

$

230,017

 

 

$

50,035

 

 

$

280,052

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

35,391

 

 

$

522

 

 

$

35,913

 

 

$

44,152

 

 

$

871

 

 

$

45,023

 

Non-service provider

 

 

194,472

 

 

 

78,426

 

 

 

272,898

 

 

 

185,865

 

 

 

49,164

 

 

 

235,029

 

Total

 

$

229,863

 

 

$

78,948

 

 

$

308,811

 

 

$

230,017

 

 

$

50,035

 

 

$

280,052

 

 

 

 

Six Months Ended

 

 

 

June 27, 2021

 

 

June 28, 2020

 

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

364,120

 

 

$

67,664

 

 

$

431,784

 

 

$

308,974

 

 

$

51,462

 

 

$

360,436

 

EMEA

 

 

63,722

 

 

 

59,140

 

 

 

122,862

 

 

 

49,174

 

 

 

41,333

 

 

 

90,507

 

APAC

 

 

42,939

 

 

 

29,151

 

 

 

72,090

 

 

 

36,532

 

 

 

22,540

 

 

 

59,072

 

Total

 

$

470,781

 

 

$

155,955

 

 

$

626,736

 

 

$

394,680

 

 

$

115,335

 

 

$

510,015

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

57,629

 

 

$

1,321

 

 

$

58,950

 

 

$

70,839

 

 

$

1,668

 

 

$

72,507

 

Non-service provider

 

 

413,152

 

 

 

154,634

 

 

 

567,786

 

 

 

323,841

 

 

 

113,667

 

 

 

437,508

 

Total

 

$

470,781

 

 

$

155,955

 

 

$

626,736

 

 

$

394,680

 

 

$

115,335

 

 

$

510,015