v3.25.1
Reportable Segment
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Reportable Segment Reportable Segment
Our chief operating decision maker, our Chief Executive Officer, reviews financial information presented on a consolidated basis, including consolidated net income and its components, as reported on our consolidated statements of operations, accompanied by disaggregated information about revenues, for purposes of making operating decisions and assessing financial performance of our single consolidated segment, primarily by monitoring actual results versus our internal budget and forecasts.

Our reported segment revenue, segment profit or loss, and significant segment expenses were as follows:

Three Months Ended March 31,
(In thousands)20252024
Revenue$92,326 $91,900 
Less:
     Adjusted cost of sales (1)
66,227 65,885 
     Adjusted research and development expenses (2)
7,073 7,590 
     Adjusted operating expenses (3)
20,502 21,832 
     Other segment items (4)
4,798 5,242 
Net income (loss)(6,274)(8,649)
(1)Cost of sales from the consolidated statements of operations, adjusted to exclude stock-based compensation expense.
(2)R&D expenses from the consolidated statements of operations, adjusted to exclude stock-based compensation expense.
(3)Operating expenses less R&D expenses from the consolidated statements of operations, adjusted to exclude stock-based compensation, amortization of acquired intangible assets, costs associated with our Roku litigation, factory restructuring charges and severance.
(4)Other segment items include the adjustments described in the notes above; as well as interest income (expense), net; other income (expense), net; and provision for income taxes.

The measure of segment assets is reported on our consolidated balance sheets as consolidated total assets. Long-lived assets by geographic area are disclosed in Note 5. The measure of revenues from external customers is reported on the consolidated statements of operations as net sales. Revenues by sales channel, geographic region and information about major customers are disclosed in Note 3. Depreciation expense is disclosed in Note 5. Amortization expense is disclosed in Note 6. Interest expense is disclosed in Note 8 and income taxes are disclosed in Note 9.