Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Revenues Gross Profit And Operating Income By Segment

Information about our reporting segments and Corporate unallocated and the reconciliation to income before income taxes was as follows:

Year Ended December 31, 2024
In thousands	Device Solutions		Networked Solutions		Outcomes		Segments Subtotal		Corporate Unallocated		Consolidated
Product Revenue	$	473,329	$	1,546,278	$	111,772	$	2,131,379
Service Revenue	3,248		103,797		202,413		309,458
Total revenue	476,577		1,650,075		314,185		2,440,837
Cost of sales	353,113		1,052,295		196,112		1,601,520
Gross profit	123,464		597,780		118,073		839,317
Sales, general and administrative	13,627		27,676		15,826		57,129
Research and development	16,315		113,442		50,517		180,274
Corporate unallocated expenses	—		—		—		—		337,804
Total other income (expense)	—		—		—		—		20,421
Income (loss) before income taxes	$	93,522	$	456,662	$	51,730	$	601,914	$	(317,383)	$	284,531

Year Ended December 31, 2023
In thousands	Device Solutions		Networked Solutions		Outcomes		Segments Subtotal		Corporate Unallocated		Consolidated
Product Revenue	$	452,718	$	1,331,546	$	79,225	$	1,863,489
Service Revenue	3,008		118,745		188,391		310,144
Total revenue	455,726		1,450,291		267,616		2,173,633
Cost of sales	349,809		950,566		159,350		1,459,725
Gross profit	105,917		499,725		108,266		713,908
Sales, general and administrative	13,846		26,055		14,428		54,329
Research and development	26,381		104,749		43,492		174,622
Corporate unallocated expenses	—		—		—		—		356,090
Total other income (expense)	—		—		—		—		(1,481)
Income (loss) before income taxes	$	65,690	$	368,921	$	50,346	$	484,957	$	(357,571)	$	127,386

Year Ended December 31, 2022
In thousands	Device Solutions		Networked Solutions		Outcomes		Segments Subtotal		Corporate Unallocated		Consolidated
Product Revenue	$	433,354	$	1,002,156	$	64,733	$	1,500,243
Service Revenue	5,356		117,112		172,853		295,321
Total revenue	438,710		1,119,268		237,586		1,795,564
Cost of sales	376,932		757,293		139,150		1,273,375
Gross profit	61,778		361,975		98,436		522,189
Sales, general and administrative	12,544		21,823		12,772		47,139
Research and development	22,531		91,884		39,417		153,832
Corporate unallocated expenses	—		—		—		—		328,657
Total other income (expense)	—		—		—		—		(8,304)
Income (loss) before income taxes	$	26,703	$	248,268	$	46,247	$	321,218	$	(336,961)	$	(15,743)

Three Months Ended September 30, 2024
In thousands	Device Solutions		Networked Solutions		Outcomes		Segments Subtotal		Corporate Unallocated		Consolidated
Product Revenue	$	122,119	$	390,201	$	25,929	$	538,249
Service Revenue	619		26,512		50,082		77,213
Total revenue	122,738		416,713		76,011		615,462
Cost of sales	89,396		267,065		49,403		405,864
Gross profit	33,342		149,648		26,608		209,598
Sales, general and administrative	3,137		6,860		3,874		13,871
Research and development	3,720		27,557		11,548		42,825
Corporate unallocated expenses	—		—		—		—		78,969
Total other income (expense)	—		—		—		—		8,492
Income (loss) before income taxes	$	26,485	$	115,231	$	11,186	$	152,902	$	(70,477)	$	82,425

Three Months Ended June 30, 2024
In thousands	Device Solutions		Networked Solutions		Outcomes		Segments Subtotal		Corporate Unallocated		Consolidated
Product Revenue	$	117,929	$	387,351	$	27,627	$	532,907
Service Revenue	621		25,353		50,188		76,162
Total revenue	118,550		412,704		77,815		609,069
Cost of sales	87,319		260,547		50,743		398,609
Gross profit	31,231		152,157		27,072		210,460
Sales, general and administrative	3,328		7,031		3,819		14,178
Research and development	4,178		27,682		12,602		44,462
Corporate unallocated expenses	—		—		—		—		87,173
Total other income (expense)	—		—		—		—		2,393
Income (loss) before income taxes	$	23,725	$	117,444	$	10,651	$	151,820	$	(84,780)	$	67,040

Three Months Ended March 31, 2024
In thousands	Device Solutions		Networked Solutions		Outcomes		Segments Subtotal		Corporate Unallocated		Consolidated
Product Revenue	$	125,908	$	381,305	$	20,609	$	527,822
Service Revenue	844		26,211		48,565		75,620
Total revenue	126,752		407,516		69,174		603,442
Cost of sales	96,688		256,491		44,884		398,063
Gross profit	30,064		151,025		24,290		205,379
Sales, general and administrative	3,781		6,499		4,027		14,307
Research and development	4,580		27,848		11,172		43,600
Corporate unallocated expenses	—		—		—		—		84,672
Total other income (expense)	—		—		—		—		2,416
Income (loss) before income taxes	$	21,703	$	116,678	$	9,091	$	147,472	$	(82,256)	$	65,216

Revenues By Region

Revenues by region were as follows:

	Year Ended December 31,
In thousands	2024		2023		2022
United States and Canada	$	2,007,045	$	1,733,680	$	1,302,241
Europe, Middle East, and Africa	338,997		340,854		391,556
Asia Pacific	94,795		99,099		101,767
Total Company	$	2,440,837	$	2,173,633	$	1,795,564

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

Property, plant, and equipment, net, by geographic area were as follows:

	December 31,
In thousands	2024		2023
United States	$	73,878	$	80,035
Outside United States	41,550		48,771
Total Company	$	115,428	$	128,806

Depreciation And Amortization Expense Associated With Segments

Depreciation expense is allocated to the operating segments based upon each segment's use of the assets. All amortization expense is recognized within Corporate unallocated. Depreciation and amortization of intangible assets expense associated with our operating segments was as follows:

	Year Ended December 31,
In thousands	2024		2023		2022
Device Solutions	$	12,145	$	12,348	$	14,452
Networked Solutions	16,545		16,314		17,539
Outcomes	6,372		5,433		5,501
Corporate unallocated	21,215		21,668		29,271
Total Company	$	56,277	$	55,763	$	66,763