XML 76 R46.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Revenues Gross Profit And Operating Income By Segment

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


	Year Ended December 31, 2025
In thousands	Device Solutions		Networked Solutions		Outcomes		Resiliency Solutions		Total
Product revenues	$	444,598	$	1,442,243	$	122,135	$	—	$	2,008,976
Service revenues	2,483		115,078		237,608		3,049		358,218
Total revenues	447,081		1,557,321		359,743		3,049		2,367,194
Adjusted cost of revenues (1)	307,682		948,745		216,839		732


Adjusted sales, general and administrative	13,283		27,929		16,921		1,000
Adjusted research and development	17,399		108,247		48,991		1,426

Adjusted segment operating income (loss)	108,717		472,400		76,992		(109)		658,000

Reconciliation of adjusted segment operating income (loss)
Amortization of core-developed technology intangible assets									(1,078)
Corporate unallocated expenses									(343,854)
Total other income (expense)									29,199
Consolidated income before income taxes									$	342,267

(1)Excludes amortization of core-developed technology intangible assets.


	Year Ended December 31, 2024
In thousands	Device Solutions		Networked Solutions		Outcomes		Total
Product revenues	$	473,329	$	1,546,278	$	111,772	$	2,131,379
Service revenues	3,248		103,797		202,413		309,458
Total revenues	476,577		1,650,075		314,185		2,440,837
Adjusted cost of revenues (1)	353,113		1,052,295		196,112


Adjusted sales, general and administrative	13,627		27,676		15,826
Adjusted research and development	16,315		113,442		50,517

Adjusted segment operating income (loss)	93,522		456,662		51,730		601,914

Reconciliation of adjusted segment operating income (loss)
Amortization of core-developed technology intangible assets							—
Corporate unallocated expenses							(337,804)
Total other income (expense)							20,421
Consolidated income before income taxes							$	284,531

(1)Excludes amortization of core-developed technology intangible assets.


	Year Ended December 31, 2023
In thousands	Device Solutions		Networked Solutions		Outcomes		Total
Product revenues	$	452,718	$	1,331,546	$	79,225	$	1,863,489
Service revenues	3,008		118,745		188,391		310,144
Total revenues	455,726		1,450,291		267,616		2,173,633
Adjusted cost of revenues (1)	349,809		950,566		159,350


Adjusted sales, general and administrative	13,846		26,055		14,428
Adjusted research and development	26,381		104,749		43,492

Adjusted segment operating income (loss)	65,690		368,921		50,346		484,957

Reconciliation of adjusted segment operating income (loss)
Amortization of core-developed technology intangible assets							—
Corporate unallocated expenses							(356,090)
Total other income (expense)							(1,481)
Consolidated income before income taxes							$	127,386

(1)Excludes amortization of core-developed technology intangible assets.


	Three Months Ended September 30, 2025
In thousands	Device Solutions		Networked Solutions		Outcomes		Total
Product revenues	$	103,097	$	365,378	$	25,848	$	494,323
Service revenues	525		28,324		58,453		87,302
Total revenues	103,622		393,702		84,301		581,625
Adjusted cost of revenues (1)	71,615		238,941		51,524


Adjusted sales, general and administrative	2,900		6,695		3,707
Adjusted research and development	4,232		26,186		12,264

Adjusted segment operating income (loss)	24,875		121,880		16,806		163,561

Reconciliation of adjusted segment operating income (loss)
Amortization of core-developed technology intangible assets							—
Corporate unallocated expenses							(81,778)
Total other income (expense)							8,918
Consolidated income before income taxes							$	90,701

(1)Excludes amortization of core-developed technology intangible assets.


	Three Months Ended June 30, 2025
In thousands	Device Solutions		Networked Solutions		Outcomes		Total
Product revenues	$	111,939	$	379,481	$	25,764	$	517,184
Service revenues	821		29,453		59,303		89,577
Total revenues	112,760		408,934		85,067		606,761
Adjusted cost of revenues (1)	79,169		251,691		52,283


Adjusted sales, general and administrative	3,628		7,477		4,636
Adjusted research and development	4,509		28,767		12,461

Adjusted segment operating income (loss)	25,454		120,999		15,687		162,140

Reconciliation of adjusted segment operating income (loss)
Amortization of core-developed technology intangible assets							—
Corporate unallocated expenses							(85,727)
Total other income (expense)							7,069
Consolidated income before income taxes							$	83,482

(1)Excludes amortization of core-developed technology intangible assets.


	Three Months Ended March 31, 2025
In thousands	Device Solutions		Networked Solutions		Outcomes		Total
Product revenues	$	125,387	$	374,522	$	23,232	$	523,141
Service revenues	484		28,210		55,316		84,010
Total revenues	125,871		402,732		78,548		607,151
Adjusted cost of revenues (1)	88,118		254,018		47,796


Adjusted sales, general and administrative	3,328		6,680		4,077
Adjusted research and development	3,954		25,925		12,345

Adjusted segment operating income (loss)	30,471		116,109		14,330		160,910

Reconciliation of adjusted segment operating income (loss)
Amortization of core-developed technology intangible assets							—
Corporate unallocated expenses							(84,697)
Total other income (expense)							6,066
Consolidated income before income taxes							$	82,279

(1)Excludes amortization of core-developed technology intangible assets.

Revenues By Region

Revenues by region were as follows:


	Year Ended December 31,
In thousands	2025		2024		2023
United States and Canada	$	1,927,475	$	2,007,045	$	1,733,680
Europe, Middle East, and Africa	318,510		338,997		340,854
Asia Pacific	121,209		94,795		99,099
Total Company	$	2,367,194	$	2,440,837	$	2,173,633

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	2025		2024
United States	$	69,322	$	73,878
Outside United States	42,871		41,550
Total Company	$	112,193	$	115,428

Depreciation And Amortization Expense Associated With Segments

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


	Year Ended December 31,
In thousands	2025		2024		2023
Device Solutions	$	8,994	$	12,145	$	12,348
Networked Solutions	13,876		16,545		16,314
Outcomes	5,817		6,372		5,433
Resiliency Solutions	476		—		—
Corporate unallocated	20,354		21,215		21,668
Total Company	$	49,517	$	56,277	$	55,763