SEGMENT INFORMATION (Tables)
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3 Months Ended |
Mar. 28, 2025 |
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| Segment Reporting [Abstract] |
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| Schedule of Financial Information by Reportable Segments |
The following table set forth our segment information of revenue, expense, and income (loss) from operations: | | | | | | | | | | | | | | | | | | | Three Months Ended March 28, 2025 | | (in thousands) | Broadband | | Video | | Total | | Revenue | $ | 84,878 | | | $ | 48,257 | | | $ | 133,135 | | | | | | | | Less: | | | | | | | Cost of revenue | 37,798 | | | 16,202 | | | 54,000 | | | Research and development | 16,067 | | | 12,789 | | | 28,856 | | | Selling, general and administrative | 16,992 | | | 14,695 | | | 31,687 | | | | | | | | | Segment operating income | $ | 14,021 | | | $ | 4,571 | | | $ | 18,592 | |
| | | | | | | | | | | | | | | | | | | Three Months Ended March 29, 2024 | | (in thousands) | Broadband | | Video | | Total | | Revenue | $ | 78,897 | | | $ | 43,163 | | | $ | 122,060 | | | | | | | | Less: | | | | | | | Cost of revenue | 41,403 | | | 16,594 | | | 57,997 | | | Research and development | 13,548 | | | 15,202 | | | 28,750 | | | Selling, general and administrative | 15,352 | | | 18,718 | | | 34,070 | | | | | | | | | Segment operating income (loss) | $ | 8,594 | | | $ | (7,351) | | | $ | 1,243 | |
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| Schedule of Reconciliation of Operating Income from Segments to Consolidated |
A reconciliation of the Company’s consolidated segment operating income to consolidated income (loss) before income taxes is as follows: | | | | | | | | | | | | | | | | | Three Months Ended | | | | (in thousands) | March 28, 2025 | | March 29, 2024 | | | | | | Total consolidated segment operating income | $ | 18,592 | | | $ | 1,243 | | | | | | Stock-based compensation (1) | (8,465) | | | (6,923) | | | | | | Restructuring and related charges (1) | — | | | (3,497) | | | | | | | | | | | | | | | | | | | | | | Non-recurring advisory fees (1) | — | | | (349) | | | | | | | Consolidated income (loss) from operations | 10,127 | | | (9,526) | | | | | | | Non-operating expense, net | (1,646) | | | (1,012) | | | | | | | Income (loss) before income taxes | $ | 8,481 | | | $ | (10,538) | | | | | |
(1) Together with stock-based compensation, the Company does not allocate restructuring and related charges, and other non-recurring expenses to the operating income for each segment because management does not include this information in the measurement of the performance of the operating segments.
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| Schedule of Disaggregation of Revenue |
The following table provides a summary of total revenues disaggregated by type: | | | | | | | | | | | | | | | | | Three Months Ended | | | | (in thousands) | March 28, 2025 | | March 29, 2024 | | | | | | | | | | | | | | Product sales | $ | 88,070 | | | $ | 73,916 | | | | | | | Professional services | 3,471 | | | 7,679 | | | | | | | Total Appliance and integration | 91,541 | | | 81,595 | | | | | | | SaaS | 14,767 | | | 12,864 | | | | | | | Support services | 26,827 | | | 27,601 | | | | | | | Total SaaS and services | 41,594 | | | 40,465 | | | | | | | Total revenue | $ | 133,135 | | | $ | 122,060 | | | | | |
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| Schedule of Total Revenues by Geographic Region |
The following table provides a summary of total revenues by geographic region: | | | | | | | | | | | | | | | | | Three Months Ended | | | | (in thousands) | March 28, 2025 | | March 29, 2024 | | | | | | | | | | | | | United States (1) | $ | 88,861 | | | $ | 81,992 | | | | | | Other countries (1) | 44,274 | | | 40,068 | | | | | | | Total revenue | $ | 133,135 | | | $ | 122,060 | | | | | |
(1) Revenue is attributed to countries based on the location of the customer.
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