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Revenues (Tables)
9 Months Ended
Sep. 29, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following tables present our revenues disaggregated by major product category.
Broadband
 Solutions
Automation SolutionsSmart Buildings SolutionsTotal 
Revenues 
Three Months Ended September 29, 2024(In thousands)
Smart Infrastructure Solutions$174,467 $— $145,180 $319,647 
Automation Solutions— 335,279 — 335,279 
Total$174,467 $335,279 $145,180 $654,926 
Three Months Ended October 1, 2023 
Smart Infrastructure Solutions$146,048 $— $137,857 $283,905 
Automation Solutions— 342,902 — 342,902 
Total$146,048 $342,902 $137,857 $626,807 
Nine Months Ended September 29, 2024
Smart Infrastructure Solutions$422,588 $— $401,621 $824,209 
Automation Solutions— 970,728 — 970,728 
Total$422,588 $970,728 $401,621 $1,794,937 
Nine Months Ended October 1, 2023
Smart Infrastructure Solutions$436,935 $— $434,842 $871,777 
Automation Solutions— 1,089,064 — 1,089,064 
Total$436,935 $1,089,064 $434,842 $1,960,841 
The following tables present our revenues disaggregated by geography, based on the location of the customer purchasing the product.
AmericasEMEAAPACTotal Revenues
Three Months Ended September 29, 2024(In thousands)
Smart Infrastructure Solutions$243,759 $45,480 $30,408 $319,647 
Automation Solutions196,326 87,733 51,220 335,279 
Total$440,085 $133,213 $81,628 $654,926 
Three Months Ended October 1, 2023   
Smart Infrastructure Solutions$199,002 $51,476 $33,427 $283,905 
Automation Solutions195,154 92,189 55,559 342,902 
Total$394,156 $143,665 $88,986 $626,807 
Nine Months Ended September 29, 2024
Smart Infrastructure Solutions$610,992 $133,547 $79,670 $824,209 
Automation Solutions578,101 248,606 144,021 970,728 
Total$1,189,093 $382,153 $223,691 $1,794,937 
Nine Months Ended October 1, 2023
Smart Infrastructure Solutions$659,360 $125,595 $86,822 $871,777 
Automation Solutions624,219 303,165 161,680 1,089,064 
Total$1,283,579 $428,760 $248,502 $1,960,841 
Schedule of Contract with Customer, Asset and Liability The following table presents estimated and accrued variable consideration:
September 29, 2024December 31, 2023
(in thousands)
Accrued rebates included in accrued liabilities$41,719 $49,255 
Accrued returns included in accrued liabilities15,299 15,570 
Price adjustments recognized against gross accounts receivable29,461 26,005 
The following table presents deferred revenue activity during the three and nine months ended September 29, 2024 and October 1, 2023, respectively:
20242023
(In thousands)
Beginning balance at January 1$31,062 $33,243 
New deferrals6,280 4,359 
Revenue recognized(7,392)(8,307)
Balance at the end of Q1$29,950 $29,295 
New deferrals11,058 6,900 
Revenue recognized(11,395)(6,528)
Balance at the end of Q2$29,613 $29,667 
New deferrals14,714 9,146 
Acquisitions46 104 
Revenue recognized(15,240)(11,224)
Balance at the end of Q3$29,133 $27,693 
Schedule of Sales Commissions The following table presents sales commissions that are recorded within selling, general and administrative expenses:
Three Months EndedNine Months ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
(In thousands)
Sales commissions$6,865 $4,729 $18,036 $16,819