Segment Information (Tables)

6 Months Ended

Jun. 27, 2021

Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income (Loss) 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 27, 2021			June 28, 2020			June 27, 2021			June 28, 2020

Net Revenue:
Connected Home	$	229,863		$	230,017		$	470,781		$	394,680
SMB		78,948			50,035			155,955			115,335
Total net revenue	$	308,811		$	280,052		$	626,736		$	510,015

Contribution Income:
Connected Home	$	31,328		$	36,187		$	78,631		$	49,774
Contribution margin		13.6	%		15.7	%		16.7	%		12.6	%
SMB	$	16,410		$	4,285		$	32,694		$	17,852
Contribution margin		20.8	%		8.6	%		21.0	%		15.5	%
Total segment contribution income	$	47,738		$	40,472		$	111,325		$	67,626
Corporate and unallocated costs		(21,251	)		(19,489	)		(42,541	)		(38,451	)
Amortization of intangibles ⁽¹⁾		(178	)		(1,519	)		(1,623	)		(3,038	)
Stock-based compensation expense		(6,902	)		(9,172	)		(13,862	)		(15,508	)
Change in fair value of contingent consideration		3,003			(311	)		3,003			(89	)
Restructuring and other charges		(886	)		(1,117	)		(3,156	)		(982	)
Litigation reserves, net		(20	)		3			(315	)		(22	)
Interest income		3			49			13			311
Other income (expense), net ⁽²⁾		696			314			134			(4,272	)
Income before income taxes	$	22,203		$	9,230		$	52,978		$	5,575

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

⁽²⁾	Amounts included gain/loss on investments, net, of $41,000 and $(8,000) for the three and six months ended June 27, 2021, respectively, and $0 and $(4.5) million for the three and six months ended June 28, 2020, respectively.

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 27, 2021		June 28, 2020		June 27, 2021		June 28, 2020
	(In thousands)
United States (U.S.)	$	205,108	$	197,833	$	418,726	$	352,638
Americas (excluding U.S.)		7,526		4,413		13,058		7,798
EMEA		61,772		48,359		122,862		90,507
APAC		34,405		29,447		72,090		59,072
Total net revenue	$	308,811	$	280,052	$	626,736	$	510,015

Schedule of Long-Lived Asset By Geographic Region

The following table presents the Company's long-lived assets located in geographic areas, which consist of property and equipment, net and operating lease right-of-use assets, net:

	As of
	June 27, 2021		December 31, 2020
	(In thousands)
United States (U.S.)	$	16,683	$	19,173
Americas (excluding U.S.)		2,207		2,845
EMEA		2,901		3,215
Singapore		5,322		5,964
APAC (excluding Singapore) ⁽¹⁾		12,902		14,294
Total	$	40,015	$	45,491

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