Segment Information (Tables)

9 Months Ended

Oct. 02, 2022

Segment Reporting [Abstract]

Schedule of Reportable Segments and Reconciliation of Segment Contribution Income (Loss) to Income (Loss) Before Income Taxes

Financial information for each reportable segment and a reconciliation of segment contribution income (loss) to income (loss) before income taxes is as follows:

	Three Months Ended						Nine Months Ended
(In thousands)	October 2, 2022			October 3, 2021			October 2, 2022			October 3, 2021
Net Revenue:
Connected Home	$	150,581		$	208,539		$	409,787		$	679,320
SMB		99,006			81,611			273,582			237,566
Total net revenue	$	249,587		$	290,150		$	683,369		$	916,886
Contribution Income (loss):
Connected Home	$	(512	)	$	22,558		$	(3,033	)	$	101,189
Contribution margin		(0.3	)%		10.8	%		(0.7	)%		14.9	%
SMB	$	23,683		$	17,137		$	53,844		$	49,831
Contribution margin		23.9	%		21.0	%		19.7	%		21.0	%
Total segment contribution income	$	23,171		$	39,695		$	50,811		$	151,020
Corporate and unallocated costs		(21,392	)		(20,203	)		(62,532	)		(62,744	)
Amortization of intangibles (1)		(129	)		(145	)		(386	)		(1,768	)
Stock-based compensation expense		(3,440	)		(6,210	)		(13,266	)		(20,072	)
Change in fair value of contingent consideration		—			—			—			3,003
Goodwill impairment charge		—			—			(44,442	)		—
Restructuring and other charges		(361	)		(222	)		(911	)		(3,378	)
Litigation reserves, net		—			—			(20	)		(315	)
Other income (expenses), net (2)		638			(132	)		(1,164	)		15
Income (loss) before income taxes	$	(1,513	)	$	12,783		$	(71,910	)	$	65,761

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

⁽²⁾              Amounts included gain/(loss), net from derivatives not designated as hedging instruments of $3.4 million and $6.9 million, for the three and nine months ended October 2, 2022, respectively, and $1.8 million and $2.9 million for the three and nine months ended October 3, 2021, respectively.

Schedule of Net Revenue by Geography

The following table shows net revenue by geography:

	Three Months Ended				Nine Months Ended
(In thousands)	October 2, 2022		October 3, 2021		October 2, 2022		October 3, 2021
United States (U.S.)	$	164,890	$	188,009	$	445,170	$	606,735
Americas (excluding U.S.)		4,470		7,114		12,866		20,172
EMEA (1)		44,827		56,940		126,643		179,802
APAC (1)		35,400		38,087		98,690		110,177
Total net revenue	$	249,587	$	290,150	$	683,369	$	916,886

⁽¹⁾No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented.

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:

(In thousands)	October 2, 2022		December 31, 2021
United States (U.S.)	$	30,640	$	14,564
Americas (excluding U.S.)		2,540		3,283
EMEA		1,246		2,465
Singapore		3,936		4,767
APAC (excluding Singapore) (1)		9,239		11,432
Total	$	47,601	$	36,511

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