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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Reportable Segments

The table below represents information about the Company’s reportable segments (in thousands):

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2018      2017      2018      2017  

Net sales to external customers:

        

CPE

   $ 1,008,131      $ 1,155,883      $ 1,883,357      $ 2,210,939  

N&C

     549,496        510,972        1,087,760        941,408  

Enterprise

     172,240        —          342,154        —    

Other (1)

     (3,327      (2,685      (9,021      (5,071
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,726,540        1,664,170        3,304,250        3,147,276  
  

 

 

    

 

 

    

 

 

    

 

 

 

Direct contribution:

           

CPE

     85,723        113,852        135,484        222,764  

N&C

     201,282        172,658        429,820        284,758  

Enterprise

     17,774        —          43,302        —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment total

     304,779        286,510        608,606        507,522  
  

 

 

    

 

 

    

 

 

    

 

 

 

Corporate and unallocated costs

     (146,577      (130,172      (305,722      (251,527

Amortization of intangible assets

     (90,485      (91,012      (205,193      (184,657

Impairment of goodwill

     —          —          (3,400      —    

Integration, acquisition, restructuring and other

     (22,844      (9,690      (36,499      (19,785
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating income (loss)

     44,873        55,636        57,792        51,553  
  

 

 

    

 

 

    

 

 

    

 

 

 

Interest expense

     23,647        23,344        46,173        43,027  

(Gain) loss on investments

     (844      3,609        (317      8,139  

Interest income

     (1,792      (1,788      (3,324      (3,709

(Gain) loss on foreign currency

     (824      9,373        4,009        14,113  

Other expense (income), net

     (169      926        (61      841  
  

 

 

    

 

 

    

 

 

    

 

 

 

Income (loss) before income taxes

   $ 24,855      $ 20,172      $ 11,312      $ (10,858
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

Adjustments related acquisition accounting impacts related to deferred revenue

Composition of Corporate and Unallocated Costs

The compositions of our corporate and unallocated costs that are reflected in the consolidated statement of operations were as follow (in thousands):

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2018      2017      2018      2017  

Corporate and unallocated costs:

           

Cost of sales

   $ 17,383      $ 13,549      $ 54,181      $ 28,022  

Selling, general and administrative expenses

     100,820        92,191        194,491        175,846  

Research and development expenses

     28,374        24,432        57,050        47,659  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 146,577      $ 130,172      $ 305,722      $ 251,527