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Revenue (Tables)
9 Months Ended
Oct. 03, 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 October 3, 2021:

 

 

 

1 year

 

 

2 years

 

 

Greater than

2 years

 

 

Total

 

 

(In thousands)

 

Performance obligations

 

$

192,809

 

 

$

1,885

 

 

$

1,188

 

 

$

195,882

 

Schedule of Contract Balances

The following table reflects the contract balances as of October 3, 2021 and December 31, 2020, respectively:

 

 

 

Balance Sheet Location

 

October 3, 2021

 

 

December 31, 2020

 

 

 

 

 

(In thousands)

 

Accounts receivable, net

 

Accounts receivable, net

 

$

266,526

 

 

$

337,052

 

Contract liabilities - current

 

Deferred revenue

 

$

15,732

 

 

$

13,458

 

Contract liabilities - non-current

 

Other non-current liabilities

 

$

2,952

 

 

$

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

 

 

 

October 3, 2021

 

 

September 27, 2020

 

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

Geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

158,888

 

 

$

36,235

 

 

$

195,123

 

 

$

248,888

 

 

$

29,003

 

 

$

277,891

 

EMEA

 

 

28,253

 

 

 

28,687

 

 

 

56,940

 

 

 

42,760

 

 

 

20,945

 

 

 

63,705

 

APAC

 

 

21,398

 

 

 

16,689

 

 

 

38,087

 

 

 

25,091

 

 

 

11,427

 

 

 

36,518

 

Total

 

$

208,539

 

 

$

81,611

 

 

$

290,150

 

 

$

316,739

 

 

$

61,375

 

 

$

378,114

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

41,726

 

 

$

449

 

 

$

42,175

 

 

$

73,343

 

 

$

712

 

 

$

74,055

 

Non-service provider

 

 

166,813

 

 

 

81,162

 

 

 

247,975

 

 

 

243,396

 

 

 

60,663

 

 

 

304,059

 

Total

 

$

208,539

 

 

$

81,611

 

 

$

290,150

 

 

$

316,739

 

 

$

61,375

 

 

$

378,114

 

 

 

 

Nine Months Ended

 

 

 

October 3, 2021

 

 

September 27, 2020

 

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

Connected

Home

 

 

SMB

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

523,008

 

 

$

103,899

 

 

$

626,907

 

 

$

557,862

 

 

$

80,465

 

 

$

638,327

 

EMEA

 

 

91,975

 

 

 

87,827

 

 

 

179,802

 

 

 

91,934

 

 

 

62,278

 

 

 

154,212

 

APAC

 

 

64,337

 

 

 

45,840

 

 

 

110,177

 

 

 

61,623

 

 

 

33,967

 

 

 

95,590

 

Total

 

$

679,320

 

 

$

237,566

 

 

$

916,886

 

 

$

711,419

 

 

$

176,710

 

 

$

888,129

 

Sales channels:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service provider

 

$

99,355

 

 

$

1,770

 

 

$

101,125

 

 

$

144,182

 

 

$

2,380

 

 

$

146,562

 

Non-service provider

 

 

579,965

 

 

 

235,796

 

 

 

815,761

 

 

 

567,237

 

 

 

174,330

 

 

 

741,567

 

Total

 

$

679,320

 

 

$

237,566

 

 

$

916,886

 

 

$

711,419

 

 

$

176,710

 

 

$

888,129