NETGEAR (NTGR) 10-Q 3 Nov 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 01, 2023	Oct. 27, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 01, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Trading Symbol	NTGR
Entity Registrant Name	NETGEAR, Inc.
Entity Current Reporting Status	Yes
Entity Central Index Key	0001122904
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Smaller Reporting Company	false
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Tax Identification Number	77-0419172
Entity File Number	000-50350
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	350 East Plumeria Drive
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95134
City Area Code	(408)
Local Phone Number	907-8000
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, $0.001 par value
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (In shares)		29,608,455

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 131,459	$ 146,500
Short-term investments	96,586	80,925
Accounts receivable, net of allowance for doubtful accounts of $396 and $397 as of October 1, 2023 and December 31, 2022, respectively	200,900	277,485
Inventories	280,918	299,614
Prepaid expenses and other current assets	30,713	29,767
Total current assets	740,576	834,291
Property and equipment, net	8,274	9,225
Operating lease right-of-use assets	39,773	40,868
Intangibles, net	0	1,329
Goodwill	36,279	36,279
Other non-current assets	17,563	97,793
Total assets	842,465	1,019,785
Current liabilities:
Accounts payable	47,133	85,550
Accrued employee compensation	19,179	24,132
Other accrued liabilities	167,713	213,476
Deferred revenue	25,090	21,128
Income taxes payable	767	1,685
Total current liabilities	259,882	345,971
Non-current income taxes payable	12,760	14,972
Non-current operating lease liabilities	32,330	34,085
Other non-current liabilities	4,706	3,902
Total liabilities	309,678	398,930
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock	30	29
Additional paid-in capital	963,350	946,123
Accumulated other comprehensive income (loss)	9	(535)
Accumulated deficit	(430,602)	(324,762)
Total stockholders’ equity	532,787	620,855
Total liabilities and stockholders’ equity	$ 842,465	$ 1,019,785

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance for doubtful accounts of $396 and $397 as of October 1, 2023 and December 31, 2022, respectively	$ 396	$ 397

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Income Statement [Abstract]
Net revenue	[1]	$ 197,845	$ 249,587	$ 552,166	$ 683,369
Cost of revenue		128,911	181,058	368,550	494,516
Gross profit		68,934	68,529	183,616	188,853
Operating expenses:
Research and development		20,738	22,167	63,703	68,193
Sales and marketing		30,865	34,203	97,226	104,335
General and administrative		16,364	13,949	49,136	41,698
Goodwill impairment		0	0	0	44,442
Intangibles impairment		1,071	0	1,071	0
Other operating expenses, net		544	361	2,881	931
Total operating expenses		69,582	70,680	214,017	259,599
Loss from operations		(648)	(2,151)	(30,401)	(70,746)
Other income (expenses), net	[2]	2,280	638	11,685	(1,164)
Income (loss) before income taxes		1,632	(1,513)	(18,716)	(71,910)
Provision for (benefit from) income taxes		86,431	(4,314)	84,382	(8,967)
Net income (loss)		$ (84,799)	$ 2,801	$ (103,098)	$ (62,943)
Net income (loss) per share
Basic		$ (2.87)	$ 0.10	$ (3.52)	$ (2.17)
Diluted		$ (2.87)	$ 0.10	$ (3.52)	$ (2.17)
Weighted average shares used to compute net income (loss) per share:
Basic		29,524	28,891	29,266	29,023
Diluted		29,524	29,029	29,266	29,023
[1] No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented. Amounts included gain/(loss), net from litigation settlements of $ 6.0 million for the nine months ended October 1, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 1.3 million and $ 2.2 million, for the three and nine months ended October 1, 2023 , respectively, and $ 3.4 million and $ 6.9 million for the three and nine months ended October 2, 2022 , respectively.

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (84,799)	$ 2,801	$ (103,098)	$ (62,943)
Other comprehensive income (loss), before tax:
Change in unrealized gains and losses on derivatives	(168)	192	406	86
Change in unrealized gains and losses on available-for-sale investments	58	(471)	249	(459)
Other comprehensive income (loss), before tax	(110)	(279)	655	(373)
Tax benefit (provision) related to derivatives	21	(23)	(50)	(6)
Tax benefit (provision) related to available-for-sale investments	(14)	118	(61)	115
Other comprehensive income (loss), net of tax	(103)	(184)	544	(264)
Comprehensive income (loss)	$ (84,902)	$ 2,617	$ (102,554)	$ (63,207)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Stockholder's Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance at Dec. 31, 2021	$ 696,815	$ 29	$ 923,228	$ 149	$ (226,591)
Beginning balance (in shares) at Dec. 31, 2021		29,286,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains and losses on available-for-sale investments, net of tax	(37)			(37)
Change in unrealized gains and losses on derivatives, net of tax	44			44
Net income (loss)	(57,210)				(57,210)
Stock-based compensation	4,697		4,697
Repurchase of common stock	(9,377)				(9,377)
Repurchase of common stock (in shares)		(354,000)
Restricted stock unit withholdings	(1,262)				(1,262)
Restricted stock unit withholdings (in shares)		(46,000)
Issuance of common stock under stock-based compensation plans	3,351		3,351
Issuance of common stock under stock-based compensation plans (in shares)		275,000
Ending balance at Apr. 03, 2022	637,021	$ 29	931,276	156	(294,440)
Ending balance (in shares) at Apr. 03, 2022		29,161,000
Beginning balance at Dec. 31, 2021	696,815	$ 29	923,228	149	(226,591)
Beginning balance (in shares) at Dec. 31, 2021		29,286,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(62,943)
Repurchase of common stock	$ (24,400)
Repurchase of common stock (in shares)	(1,000,000)
Restricted stock unit withholdings (in shares)	(198,000)
Ending balance at Oct. 02, 2022	$ 622,927	$ 29	941,655	(115)	(318,642)
Ending balance (in shares) at Oct. 02, 2022		28,899,000
Beginning balance at Apr. 03, 2022	637,021	$ 29	931,276	156	(294,440)
Beginning balance (in shares) at Apr. 03, 2022		29,161,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains and losses on available-for-sale investments, net of tax	46			46
Change in unrealized gains and losses on derivatives, net of tax	(133)			(133)
Net income (loss)	(8,534)				(8,534)
Stock-based compensation	5,129		5,129
Repurchase of common stock	(15,000)				(15,000)
Repurchase of common stock (in shares)		(678,000)
Restricted stock unit withholdings	(2,319)				(2,319)
Restricted stock unit withholdings (in shares)		(107,000)
Issuance of common stock under stock-based compensation plans	19		19
Issuance of common stock under stock-based compensation plans (in shares)		356,000
Ending balance at Jul. 03, 2022	616,229	$ 29	936,424	69	(320,293)
Ending balance (in shares) at Jul. 03, 2022		28,732,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains and losses on available-for-sale investments, net of tax	(353)			(353)
Change in unrealized gains and losses on derivatives, net of tax	169			169
Net income (loss)	2,801				2,801
Stock-based compensation	3,440		3,440
Restricted stock unit withholdings	(1,150)				(1,150)
Restricted stock unit withholdings (in shares)		(45,000)
Issuance of common stock under stock-based compensation plans	1,791		1,791
Issuance of common stock under stock-based compensation plans (in shares)		212,000
Ending balance at Oct. 02, 2022	622,927	$ 29	941,655	(115)	(318,642)
Ending balance (in shares) at Oct. 02, 2022		28,899,000
Beginning balance at Dec. 31, 2022	620,855	$ 29	946,123	(535)	(324,762)
Beginning balance (in shares) at Dec. 31, 2022		28,908,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains and losses on available-for-sale investments, net of tax	182			182
Change in unrealized gains and losses on derivatives, net of tax	406			406
Net income (loss)	(9,712)				(9,712)
Stock-based compensation	4,665		4,665
Restricted stock unit withholdings	(120)				(120)
Restricted stock unit withholdings (in shares)		(6,000)
Issuance of common stock under stock-based compensation plans	2,286		2,286
Issuance of common stock under stock-based compensation plans (in shares)		154,000
Ending balance at Apr. 02, 2023	618,562	$ 29	953,074	53	(334,594)
Ending balance (in shares) at Apr. 02, 2023		29,056,000
Beginning balance at Dec. 31, 2022	620,855	$ 29	946,123	(535)	(324,762)
Beginning balance (in shares) at Dec. 31, 2022		28,908,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (103,098)
Repurchase of common stock (in shares)	0
Restricted stock unit withholdings (in shares)	(194,000)
Ending balance at Oct. 01, 2023	$ 532,787	$ 30	963,350	9	(430,602)
Ending balance (in shares) at Oct. 01, 2023		29,608,000
Beginning balance at Apr. 02, 2023	618,562	$ 29	953,074	53	(334,594)
Beginning balance (in shares) at Apr. 02, 2023		29,056,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains and losses on available-for-sale investments, net of tax	(38)			(38)
Change in unrealized gains and losses on derivatives, net of tax	97			97
Net income (loss)	(8,587)				(8,587)
Stock-based compensation	4,687		4,687
Restricted stock unit withholdings	(1,985)				(1,985)
Restricted stock unit withholdings (in shares)		(141,000)
Issuance of common stock under stock-based compensation plans (in shares)		485,000
Ending balance at Jul. 02, 2023	612,736	$ 29	957,761	112	(345,166)
Ending balance (in shares) at Jul. 02, 2023		29,400,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains and losses on available-for-sale investments, net of tax	44			44
Change in unrealized gains and losses on derivatives, net of tax	(147)			(147)
Net income (loss)	(84,799)				(84,799)
Stock-based compensation	4,285		4,285
Restricted stock unit withholdings	(637)				(637)
Restricted stock unit withholdings (in shares)		(48,000)
Issuance of common stock under stock-based compensation plans	1,305	$ 1	1,304
Issuance of common stock under stock-based compensation plans (in shares)		256,000
Ending balance at Oct. 01, 2023	$ 532,787	$ 30	$ 963,350	$ 9	$ (430,602)
Ending balance (in shares) at Oct. 01, 2023		29,608,000

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022
Cash flows from operating activities:
Net loss	$ (103,098)	$ (62,943)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	5,491	7,845
Stock-based compensation	13,637	13,266
(Gain) Loss on investments, net	(2,301)	342
Goodwill impairment	0	44,442
Intangibles impairment	1,071	0
Deferred income taxes	82,205	(13,895)
Provision for excess and obsolete inventory	2,705	3,005
Changes in assets and liabilities:
Accounts receivable, net	76,585	1,250
Inventories	15,990	14,572
Prepaid expenses and other assets	(3,020)	(2,858)
Accounts payable	(38,443)	13,432
Accrued employee compensation	(4,952)	(4,329)
Other accrued liabilities	(46,929)	(23,504)
Deferred revenue	4,771	3,268
Income taxes payable	(3,130)	(2,692)
Net cash provided by (used in) operating activities	582	(8,799)
Cash flows from investing activities:
Purchases of short-term investments	(97,291)	(143,933)
Proceeds from maturities of short-term investments	85,006	50,418
Purchases of property and equipment	(3,601)	(4,133)
Purchases of long-term investments	(585)	(450)
Net cash used in investing activities	(16,471)	(98,098)
Cash flows from financing activities:
Repurchases of common stock	0	(24,377)
Restricted stock unit withholdings	(2,742)	(4,731)
Proceeds from exercise of stock options	0	743
Proceeds from issuance of common stock under employee stock purchase plan	3,590	4,418
Net cash provided by (used in) financing activities	848	(23,947)
Net decrease in cash and cash equivalents	(15,041)	(130,844)
Cash and cash equivalents, at beginning of period	146,500	263,772
Cash and cash equivalents, at end of period	131,459	132,928
Supplemental Cash Flow Information:
Unpaid property and equipment	$ 1,055	$ 735

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 01, 2023	Jul. 02, 2023	Apr. 02, 2023	Oct. 02, 2022	Jul. 03, 2022	Apr. 03, 2022	Oct. 01, 2023	Oct. 02, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (84,799)	$ (8,587)	$ (9,712)	$ 2,801	$ (8,534)	$ (57,210)	$ (103,098)	$ (62,943)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Oct. 01, 2023 shares	Oct. 01, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the three months ended October 1, 2023, our Board of Directors and officers (as defined in Rule 16a-1(f)) under the Exchange Act adopted or terminated the contracts, instructions or written plans for the purchase or sale of the Company’s securities set forth in the table below. Type of Trading Arrangement Name and Position Action Adoption/Termination Date Rule 10b5-1* Non-Rule 10b5-1** Total Shares of Common Stock to be Sold*** Total Shares of Common Stock to be Purchased Expiration Date Sarah Butterfass , Director Adopted 8/29/2023 Yes 40% of net shares resulting from the vesting of 14,064 (gross) RSUs N/A 6/28/2024 Andrew Kim , Chief Legal Officer Adopted 7/28/2023 Yes 50,220 N/A 7/31/2024 Vikram Mehta , Senior Vice President, SMB Products and Services Modified 8/7/2023 Yes Net shares resulting from the vesting of 26,562 (gross) RSUs and PSUs N/A 8/30/2024 Martin Westhead , Chief Technology Officer, Software Adopted 7/28/2023 Yes 3,066 shares plus net shares resulting from the vesting of 33,226 (gross) RSUs, PSUs and ESPP purchase N/A 8/30/2024 Michael Werdann , Chief Revenue Officer Adopted 9/8/2023 Yes Net shares resulting from the vesting of 25,000 (gross) RSUs and PSUs N/A 9/30/2024 * Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. ** “Non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K under the Exchange Act *** Net shares issued with shares withheld to administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for the vesting of RSUs and PSUs.
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Terminated	false
Sarah Butterfass Director [Member]
Trading Arrangements, by Individual
Name	Sarah Butterfass
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	8/29/2023
Termination Date	6/28/2024
Aggregate Available	14,064	14,064
Andrew Kim Chief Legal Officer[Member]
Trading Arrangements, by Individual
Name	Andrew Kim
Title	Chief Legal Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	7/28/2023
Termination Date	7/31/2024
Aggregate Available	50,220	50,220
Vikram Mehta Senior Vice President, SMB Products and Services [Member]
Trading Arrangements, by Individual
Name	Vikram Mehta
Title	Senior Vice President, SMB Products and Services
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	8/7/2023
Rule 10b5-1 Arrangement Terminated	true
Non-Rule 10b5-1 Arrangement Terminated	false
Termination Date	8/30/2024
Aggregate Available	26,562	26,562
Martin Westhead Chief Technology Officer Software [Member]
Trading Arrangements, by Individual
Name	Martin Westhead
Title	Chief Technology Officer, Software
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	7/28/2023
Termination Date	8/30/2024
Aggregate Available	33,226	33,226
Available shares	3,066	3,066
Michael Werdann Chief Revenue Officer [Member]
Trading Arrangements, by Individual
Name	Michael Werdann
Title	Chief Revenue Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	9/8/2023
Termination Date	9/30/2024
Aggregate Available	25,000	25,000

The Company and Basis of Presen

The Company and Basis of Presentation	9 Months Ended
	Oct. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Basis of Presentation	Note 1. The Company and Basis of Presentation NETGEAR, Inc. (“NETGEAR” or the “Company”) is a global company, incorporated in Delaware in January 1996. The Company turns ideas into innovative, high-performance and premium networking products that connect people, homes, and power businesses and service providers. The Company's products are designed to simplify and improve people’s lives. The Company is dedicated to delivering innovative and differentiated high performance connected solutions ranging from easy-to-use premium WiFi solutions, security and support services to protect and enhance home networks, to switching and wireless solutions to augment business networks and audio and video over Ethernet for Pro AV applications. The Company's products and services are built on a variety of technologies such as wireless (WiFi and 4G/5G mobile), Ethernet and powerline, with a focus on reliability and ease-of-use. Additionally, the Company continually invests in research and development to create new technologies and services and to capitalize on technological inflection points and trends, such as WiFi 7, audio and video over Ethernet, non-fungible token (“NFT”) artwork, and future technologies. Its product line consists of devices that create and extend wired and wireless networks, devices that attach to the network, such as smart digital canvasses as well as services that complement and enhance the Company's product line offerings. These products are available in multiple configurations to address the changing needs of the Company's customers in each geographic region. The Company sells networking products through multiple sales channels worldwide, including traditional retailers, online retailers, wholesale distributors, direct market resellers (“DMRs”), value-added resellers (“VARs”), broadband service providers and its direct online store at www.netgear.com . The accompanying unaudited condensed consolidated financial statements include the accounts of NETGEAR, Inc. and its wholly owned subsidiaries. They have been prepared in accordance with established guidelines for interim financial reporting and the instructions of Form 10-Q and Article 10 of Regulation S-X. All significant intercompany balances and transactions have been eliminated in consolidation. The balance sheet dated December 31, 2022, has been derived from audited financial statements at such date. These unaudited condensed consolidated financial statements do not include all of the information and footnotes typically found in the audited consolidated financial statements and footnotes thereto included in the Annual Report on Form 10-K. In the opinion of management, the unaudited condensed consolidated financial statements reflect all normal recurring adjustments considered necessary to fairly state the Company's financial position, results of operations, comprehensive income (loss), stockholder's equity and cash flows for the periods indicated. These unaudited condensed consolidated financial statements should be read in conjunction with the notes to the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Annual Report”). The Company's fiscal year begins on January 1 of the year stated and ends on December 31 of the same year. The Company reports its results on a fiscal quarter basis rather than on a calendar quarter basis. Under the fiscal quarter basis, each of the first three fiscal quarters ends on the Sunday closest to the calendar quarter end, with the fourth quarter ending on December 31. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities at the date of the financial statements, and (iii) the reported amounts of net revenue and expenses during the reported period. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances. As of the date of issuance of these condensed consolidated financial statements, the Company is not aware of any specific event or circumstance that would require it to update its estimates, judgments or revise the carrying value of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the condensed consolidated financial statements as soon as they become known. Actual results could differ materially from those estimates and operating results for the three and nine months ended October 1, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023, or any future period.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 01, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Signif icant Accounting Policies No material changes have been made to the Company’s significant accounting policies disclosed in Note 1, The Company and Summary of Significant Accounting Policies , in its Annual Report. Recent Accounting Pronouncements The Company has considered all recent accounting pronouncements issued, but not yet effective, and does not expect any to have a material effect on the Company’s unaudited condensed consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Oct. 01, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Note 3. Rev enue Revenue from contracts with customers is recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Transaction Price Allocated to the Remaining Performance Obligations Remaining performance obligations represent the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied, which are primarily from hardware and, to a lesser extent, subscription and support services, as of the end of the reporting period. Unsatisfied and partially unsatisfied performance obligations consist of contract liabilities, in-transit orders with destination terms, and non-cancellable backlog. Non-cancellable backlog includes goods for which customer purchase orders have been accepted that are scheduled or in the process of being scheduled for shipment, and that are not yet invoiced. This disclosure includes estimates of variable consideration. The following table summarizes estimated revenue expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) as of October 1, 2023: (In thousands) Less than 1 year 1 to 2 years Beyond 2 years Total Performance obligations $ 86,773 $ 2,431 $ 2,368 $ 91,572 Contract Balances The Company records accounts receivable when it has an unconditional right to consideration. Contract liabilities are recorded when cash payments are received or due in advance of performance. Contract liabilities consist of advance payments and deferred revenue, where the Company has unsatisfied performance obligations. Contract liabilities are mainly classified as Deferred revenue on the unaudited condensed consolidated balance sheets. Payment terms vary by customer. The time between invoicing and when payment is due is not significant. For certain products or services and customer types, payment is required before the products or services are delivered to the customer. The following table reflects the contract balances: (In thousands) Balance Sheet Location October 1, 2023 December 31, 2022 Accounts receivable, net Accounts receivable, net $ 200,900 $ 277,485 Contract liabilities - current Deferred revenue $ 25,090 $ 21,128 Contract liabilities - non-current Other non-current liabilities $ 4,706 $ 3,897 The difference in the balances of the Company's contract assets and liabilities as of October 1, 2023 and December 31, 2022, primarily results from the timing difference between the Company's performance and the customer’s payment. During the nine months ended October 1, 2023 , $ 34.9 million of revenue was deferred primarily due to unsatisfied performance obligations for service contracts, $ 30.1 million of revenue was recognized for the satisfaction of performance obligations and $ 19.1 million of this recognized revenue was included in the contract liability balance at the beginning of the period. There were no significant changes in estimates during the period that would affect the contract balances. Disaggregation of Revenue In the following tables, net revenue is disaggregated by geographic region and sales channel. The Company conducts business across three geographic regions: Americas; Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). The tables also include reconciliations of the disaggregated revenue by reportable segment. The Company operates and reports in two segments: Connected Home, and Small and Medium Business (“SMB”). Sales and usage-based taxes are excluded from n et revenue. Three Months Ended October 1, 2023 October 2, 2022 (In thousands) Connected SMB Total Connected SMB Total Geographic regions (1) : Americas $ 104,695 $ 36,323 $ 141,018 $ 120,168 $ 49,192 $ 169,360 EMEA 10,898 24,786 35,684 12,545 32,282 44,827 APAC 11,742 9,401 21,143 17,868 17,532 35,400 Total $ 127,335 $ 70,510 $ 197,845 $ 150,581 $ 99,006 $ 249,587 Sales channels: Service provider $ 32,403 $ 219 $ 32,622 $ 40,448 $ 1,171 $ 41,619 Non-service provider 94,932 70,291 165,223 110,133 97,835 207,968 Total $ 127,335 $ 70,510 $ 197,845 $ 150,581 $ 99,006 $ 249,587 Nine Months Ended October 1, 2023 October 2, 2022 (In thousands) Connected SMB Total Connected SMB Total Geographic regions (1) : Americas $ 266,379 $ 113,172 $ 379,551 $ 327,372 $ 130,664 $ 458,036 EMEA 34,279 76,744 111,023 34,230 92,413 126,643 APAC 27,829 33,763 61,592 48,185 50,505 98,690 Total $ 328,487 $ 223,679 $ 552,166 $ 409,787 $ 273,582 $ 683,369 Sales channels: Service provider $ 71,346 $ 427 $ 71,773 $ 92,544 $ 3,515 $ 96,059 Non-service provider 257,141 223,252 480,393 317,243 270,067 587,310 Total $ 328,487 $ 223,679 $ 552,166 $ 409,787 $ 273,582 $ 683,369 (1) No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Oct. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Note 4. Balance Sheet Components Available-for-sale investments Amortized cost and estimated fair market value of investments classified as available-for-sale, excluding cash equivalents, as of October 1, 2023, and December 31, 2022, were as follows: October 1, 2023 (In thousands) Amortized Cost Unrealized Unrealized Estimated U.S. treasury securities $ 88,764 $ — $ ( 71 ) $ 88,693 Convertible debt (1) 173 — — 173 Total $ 88,937 $ — $ ( 71 ) $ 88,866 December 31, 2022 (In thousands) Amortized Cost Unrealized Unrealized Estimated U.S. treasury securities $ 74,120 $ — $ ( 320 ) $ 73,800 Convertible debt (1) 346 — — 346 Certificates of deposit 6 — — 6 Total $ 74,472 $ — $ ( 320 ) $ 74,152 (1) On the Company’s unaudited condensed consolidated balance sheets, $ 173,000 included in Short-term investments as of October 1, 2023 , and December 31, 2022, respectively, and $ 173,000 included in Other non-current assets as of December 31, 2022. The contractual maturities on the U.S. treasury securities as of October 1, 2023, are all due within one year. Accrued interest receivable as of October 1, 2023 , was $ 0.3 million and was recorded within Prepaid expenses and other current assets on the unaudited condensed consolidated balance sheet. The following table summarizes investments classified as available-for-sale in a continuous unrealized loss position for which an allowance for credit losses was not recorded as of October 1, 2023, and December 31, 2022: October 1, 2023 Less Than 12 Months 12 Months or Longer Total (In thousands) Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses U.S. treasury securities $ 88,693 $ ( 71 ) $ — $ — $ 88,693 $ ( 71 ) Total $ 88,693 $ ( 71 ) $ — $ — $ 88,693 $ ( 71 ) December 31, 2022 Less Than 12 Months 12 Months or Longer Total (In thousands) Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses U.S. treasury securities $ 73,800 $ ( 320 ) $ — $ — $ 73,800 $ ( 320 ) Total $ 73,800 $ ( 320 ) $ — $ — $ 73,800 $ ( 320 ) In the three and nine months ended October 1, 2023, and October 2, 2022 , no unrealized losses on available-for-sale securities were recognized in income. The Company does not intend to sell, and it is unlikely that it will be required to sell the investments in an unrealized loss position prior to their anticipated recovery. The investments are high-quality U.S. treasury securities and the decline in fair value is largely due to changes in interest rates and other market conditions with the fair value expected to recover as they reach maturity. There were no other-than-temporary impairments for these securities during the three and nine months ended October 1, 2023, and October 2, 2022. Refer to Note 12, Fair Value Measurements, for detailed disclosures regarding fair value measurements. Inventories (In thousands) October 1, 2023 December 31, 2022 Raw materials $ 10,466 $ 4,549 Finished goods 270,452 295,065 Total $ 280,918 $ 299,614 The Company records provisions for excess and obsolete inventory based on assumptions about future demand and market conditions and the amounts incurred were $ 1.2 million and $ 2.7 million for the three and nine months ended October 1, 2023 , respectively, and $ 0.4 million and $ 3.0 million for the three and nine months ended October 2, 2022, respectively. While management believes the estimates and assumptions underlying its current forecasts are reasonable, there is risk that additional charges may be necessary if current forecasts are greater than actual demand. Property and equipment, net (In thousands) October 1, 2023 December 31, 2022 Computer equipment $ 8,001 $ 9,648 Furniture, fixtures, and leasehold improvements 18,041 18,642 Software 28,377 30,610 Machinery and equipment 65,665 76,806 Total property and equipment, gross 120,084 135,706 Accumulated depreciation ( 111,810 ) ( 126,481 ) Total $ 8,274 $ 9,225 Intangibles, net October 1, 2023 December 31, 2022 (In thousands) Gross Accumulated Impairment Net Gross Accumulated Net Technology $ 59,799 $ ( 58,906 ) $ ( 893 ) $ — $ 59,799 $ ( 58,692 ) $ 1,107 Other 10,345 ( 10,167 ) ( 178 ) — 10,345 ( 10,123 ) 222 Total $ 70,144 $ ( 69,073 ) $ ( 1,071 ) $ — $ 70,144 $ ( 68,815 ) $ 1,329 Amortization of purchased intangibles was $ 0.3 million for the nine months ended October 1, 2023 , and $ 0.1 million and $ 0.4 million for the three and nine months ended October 2, 2022, respectively. During the three months ended October 1, 2023, the Company identified a triggering event indicating that the carrying amount of the intangibles may be impaired (Refer to below “Goodwill” for details of the triggering event). The Company performed a recoverability test of its intangible assets based on estimated future net undiscounted cash flows expected to be generated from the use of the long-lived asset group and determined that the carrying amount of such asset group was not recoverable. Therefore, in the third fiscal quarter of 2023, the Company recognized an intangible asset impairment charge of $ 1.1 million for its Connected Home reporting unit. Goodwill Each year on the first day of the fourth fiscal quarter, the Company assesses its goodwill for potential impairment. This impairment testing is applied more frequently than once a year if the Company is aware of changed conditions or circumstances since the last impairment testing that might call into question whether the current balances are fairly recorded. During the three months ended October 1, 2023, the Company reassessed the valuation allowance for the deferred tax assets and determined to establish a full valuation allowance on its U.S. deferred tax assets (refer to Note 7, Income Taxes for detailed disclosures regarding the valuation allowance on deferred tax assets). Additionally, the Company experienced a reduction in its market capitalization. Due to these factors, the Company determined that a triggering event had occurred, and an interim goodwill impairment assessment was performed. Prior to performing a goodwill impairment test, the Company assessed its long-lived assets and concluded the carrying amount of the intangible assets for its Connected Home reporting unit was not recoverable as noted above. No other impairments of long-lived assets were identified. The Company elected to bypass the qualitative goodwill impairment assessment and proceeded directly to the quantitative test, measured as of October 1, 2023. The fair values of the reporting units, namely Connected Home and SMB, were determined using an income and market approach. Under the income approach, the Company calculated the fair values of its reporting units based on the present value of estimated future cash flows. Cash flow projections were based on management's estimates of revenue growth rates and net operating income margins, taking into consideration market and industry conditions. The discount rate used was based on the weighted-average cost of capital adjusted for the risk, size premium, and business-specific characteristics related to the business's ability to execute on the projected cash flows. Under the market approach, the Company evaluated the fair value based on forward-looking earnings multiples derived from comparable publicly traded companies with similar market position and size as the reporting unit. The underlying unobservable inputs used to measure the fair value included projected revenue growth rates, the weighted average cost of capital, the normalized working capital level, capital expenditures assumptions, profitability projections, control premium, the determination of appropriate market comparison companies and terminal growth rates. The two approaches generated similar results and indicated that the fair value of the SMB reporting unit substantially exceeded its carrying amount, including goodwill, thus no goodwill impairment was recognized. Other non-current assets (In thousands) October 1, 2023 December 31, 2022 Non-current deferred income taxes $ 3,450 $ 85,704 Long-term investments 8,240 7,879 Other 5,873 4,210 Total $ 17,563 $ 97,793 Long-term equity investments The Company's long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds. The changes in the carrying value of equity investments without readily determinable fair values were as follows: Nine months ended (In thousands) October 1, 2023 October 2, 2022 Carrying value as of the beginning of the period (1) $ 6,053 $ 6,303 Impairment — ( 250 ) Carrying value as of the end of the period (1) $ 6,053 $ 6,053 (1) The balances excluded an investment in limited partnership funds of $ 2.2 million as of October 1, 2023 , $ 1.5 million as of October 2, 2022 , $ 1.7 million as of December 31, 2022, and $ 0.9 million as of December 31, 2021. Additionally, the balance excluded an investment in convertible debt securities of $ 0.2 million as of October 2, 2022 , and December 31, 2022, respectively, and $ 0.3 million as of December 31, 2021. For such equity investments without readily determinable fair values still held at October 1, 2023 , there were no cumulative downward adjustments for price changes and impairment and the cumulative upward adjustments for price changes was $ 0.3 million. Other accrued liabilities (In thousands) October 1, 2023 December 31, 2022 Current operating lease liabilities $ 11,379 $ 11,012 Sales and marketing 74,813 98,690 Warranty obligations 7,038 6,320 Sales returns (1) 36,751 44,944 Freight and duty 2,478 7,243 Other 35,254 45,267 Total $ 167,713 $ 213,476 (1) Inventory expected to be received from future sales returns amounted to $ 17.6 million and $ 21.8 million as of October 1, 2023 , and December 31, 2022, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $ 10.7 million and $ 11.8 million as of October 1, 2023 , and December 31, 2022, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Oct. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 5. Derivative F inancial Instruments The Company's subsidiaries have material future cash flows related to revenue and expenses denominated in currencies other than the U.S. dollar, the Company's functional currency worldwide. The Company executes currency forward contracts that typically mature in less than 6 months to mitigate its currency risk, in currencies including Australian dollars, British pounds, euros, Canadian dollars, and Japanese yen. The Company does not enter into derivatives transactions for trading or speculative purposes. The Company's foreign currency forward contracts do not contain any credit-risk-related contingent features. The Company enters into derivative contracts with high-quality financial institutions and limits the amount of credit exposure to any individual counterparty. The Company typically executes ten cash flow hedges per quarter with maturities under six months and with an average USD notional amount of approximately $ 5.5 million that are designated as cash flow hedges. The Company enters into non-designated hedges that are generally expected to offset the changes in value of its net non-functional currency asset and liability position resulting from foreign exchange rate fluctuations. The Company adjusts its non-designated hedges monthly and typically executes about eight non-designated forwards per quarter with maturities less than three months and an average USD notional amount of approximately $ 2.5 million. Fair Value of Derivative Instruments The fair values of the Company's derivative instruments and the line items on the unaudited condensed consolidated balance sheets to which they were recorded were summarized as follows: Balance Sheet Balance Sheet (In thousands) Location October 1, December 31, Location October 1, December 31, Derivatives not designated as hedging instruments Prepaid expenses and other current assets $ 1,802 $ 636 Other accrued liabilities $ 527 $ 3,871 Derivatives designated as hedging instruments Prepaid expenses and other current assets 71 16 Other accrued liabilities 27 212 Total $ 1,873 $ 652 $ 554 $ 4,083 Refer to Note 12, Fair Value Measurements for detailed disclosures regarding fair value measurements. Refer to Note 9, Stockholders' Equity , for details on the accumulated other comprehensive income (loss) activity related to derivatives and refer to Note 11, Segment Information , for details on gain/(loss), net pertaining to derivatives not designated as hedging instruments that were recognized in Other income (expenses), net.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Oct. 01, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Note 6. Net I ncome (Loss) Per Share Basic net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. Potentially dilutive common shares include common shares issuable upon exercise of stock options, vesting of Restricted Stock Units (“RSUs”) and performance shares, and issuances of shares under the Employee Stock Purchase Plan (the "ESPP"), which are reflected in diluted net income (loss) per share by application of the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted net income (loss) per share when their effect is anti-dilutive. Net income (loss) per share consisted of the following: Three Months Ended Nine Months Ended (In thousands, except per share data) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Numerator: Net income (loss) $ ( 84,799 ) $ 2,801 $ ( 103,098 ) $ ( 62,943 ) Denominator: Weighted average common shares - basic 29,524 28,891 29,266 29,023 Potentially dilutive common share equivalent — 138 — — Weighted average common shares - dilutive 29,524 29,029 29,266 29,023 Basic net income (loss) per share $ ( 2.87 ) $ 0.10 $ ( 3.52 ) $ ( 2.17 ) Diluted net income (loss) per share $ ( 2.87 ) $ 0.10 $ ( 3.52 ) $ ( 2.17 ) Anti-dilutive employee stock-based awards, excluded 2,563 1,539 2,358 1,582

Income Taxes

Income Taxes	9 Months Ended
	Oct. 01, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. In come Taxes The income tax provision for the three and nine months ended October 1, 2023 was $ 86.4 million and $ 84.4 million, respectively. The income tax benefit for the three and nine months ended October 2, 2022 was $ 4.3 million and $ 9.0 million, respectively. The changes in taxes for the three and nine months ended October 1, 2023, compared to the prior year periods, were primarily due to the recognition of a valuation allowance of $ 81.5 million on deferred tax assets for U.S. federal and state purposes during the three month period. In evaluating the current results, coupled with expectation for the remainder of the year, the Company reassessed its position and determined that it was not more likely than not that the deferred tax assets would be realized, and accordingly recorded a full valuation allowance on the net deferred tax assets in the U.S. In the three and nine months ended October 2, 2022, the forecasted annual loss was significantly higher (in relative terms) as compared to the forecasted earnings for 2023 due to the impairment of goodwill in the first fiscal quarter of 2022. The tax benefits on the three and nine months ended October 2, 2022 were partially offset by the tax impact of non-tax-deductible goodwill impairment which substantially reduced the effective tax rate for that period. Tax benefits on current year losses for the three and nine months ended October 1, 2023 were offset by the valuation allowance. The Company is subject to income taxes in the U.S. and numerous foreign jurisdictions. The future foreign tax rate could be affected by changes in the composition in earnings in countries with tax rates differing from the U.S. federal rate. The Company is under examination in various U.S. and foreign jurisdictions. The Company files income tax returns in the U.S. federal jurisdiction as well as various state, local, and foreign jurisdictions. Due to the uncertain nature of ongoing tax audits, the Company has recorded its liability for uncertain tax positions as part of its long-term liability as payments cannot be anticipated over the next twelve months. The existing tax positions of the Company continue to generate an increase in the liability for uncertain tax positions. The liability for uncertain tax positions may be reduced for liabilities that are settled with taxing authorities or on which the statute of limitations could expire without assessment from tax authorities. The possible reduction in liabilities for uncertain tax positions in multiple jurisdictions in the next twelve months is approximately $ 0.4 million excluding the interest, penalties and the effect of any related deferred tax assets or liabilities. The Company is currently under examination in various U.S. and foreign jurisdictions. The Company accounts for income taxes under an asset and liability approach. Under this method, income tax expense is recognized for the amount of taxes payable or refundable for the current year. In addition, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences resulting from different treatment for tax versus accounting for certain items, such as accruals and allowances not currently deductible for tax purposes. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These differences result in deferred tax assets and liabilities, which are included within the consolidated balance sheets. The Company must then assess the likelihood that the Company’s deferred tax assets will be recovered from future taxable income and to the extent the Company believes that recovery is not more likely than not, the Company must establish a valuation allowance. The Company’s assessment considers the recognition of deferred tax assets on a jurisdictional basis. Accordingly, in assessing its future taxable income on a jurisdictional basis, the Company considers the effect of its transfer pricing policies on that income. During the three months ended October 1, 2023, the Company determined that recovery of its U.S. federal and state deferred tax assets was no longer more likely than not and established a full valuation allowance on those net assets, based on evaluation of all available evidence, including actual and anticipated business results. Accordingly, the balance sheet net deferred tax assets from the U.S. federal and state jurisdictions reported in “Other Non-current Assets” were reduced after the effect of establishing the valuation allowance.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8. Commitment s and Contingencies Purchase Obligations The Company has entered into various inventory-related purchase agreements with suppliers. Generally, under these agreements, 50 % of orders are cancelable by giving notice 46 to 60 days prior to the expected shipment date and 25 % of orders are cancelable by giving notice 31 to 45 days prior to the expected shipment date. As of October 1, 2023, the Company had approximately $ 68.5 million , as compared to $ 105.1 million as of December 31, 2022, in short-term non-cancelable purchase commitments with suppliers or where the suppliers had procured unique materials and components upon receipts of the Company’s purchase orders. During the height of COVID-19 pandemic, the Company saw an elongation of the time from order placement to production. In response, the Company issued purchase orders to supply chain partners beyond contractual termination periods. As of October 1, 2023 , $ 367.1 million of purchase orders beyond contractual termination periods remained outstanding. Consequently, the Company may incur expenses for materials and components, such as chipsets purchased by the supplier to fulfill the purchase order if the purchase order is cancelled. Expenses incurred in respect of cancelled purchase orders have historically not been significant relative to the original order value. For those orders not governed by master purchase agreements, the commitments are governed by the commercial terms on the Company’s purchase orders subject to acknowledgment from its suppliers. The Company establishes a loss liability for all products it does not expect to sell or orders it anticipates cancelling for which it has committed purchases from suppliers. Such loss liability is included in Other accrued liabilities on the Company’s unaudited condensed consolidated balance sheets. Losses incurred in relation to purchase commitments, including unique materials and components, amounted to $ 0.6 million and $ 2.0 million for the three and nine months ended October 1, 2023 , respectively, and $ 1.6 million and $ 4.6 million for the three and nine months ended October 2, 2022, respectively. Non-Trade Commitments As of October 1, 2023 , the Company had non-cancellable purchase commitments of $ 13.1 million pertaining to non-trade activities. Warranty Obligations Changes in the Company's warranty obligations, which is included in Other accrued liabilities on the unaudited condensed consolidated balance sheets, were as follows: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Balance as of beginning of the period $ 6,217 $ 6,523 $ 6,320 $ 6,861 Provision for warranty liability made 2,185 1,052 4,862 3,706 Settlements made ( 1,364 ) ( 1,431 ) ( 4,144 ) ( 4,423 ) Balance as of the end of the period $ 7,038 $ 6,144 $ 7,038 $ 6,144 Litigation and Other Legal Matters The Company is involved in disputes, litigation, and other legal actions, including, but not limited to, the matters described below. In all cases, at each reporting period, the Company evaluates whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable under the provisions of the authoritative guidance that addresses accounting for contingencies. In such cases, the Company accrues for the amount, or if a range, the Company accrues the low end of the range, only if there is not a better estimate than any other amount within the range, as a component of legal expense within litigation reserves, net. The Company monitors developments in these legal matters that could affect the estimate the Company had previously accrued. In relation to such matters, the Company currently believes that there are no existing claims or proceedings that are likely to have a material adverse effect on its financial position within the next twelve months , or the outcome of these matters is currently not determinable. There are many uncertainties associated with any litigation, and these actions or other third-party claims against the Company may cause the Company to incur costly litigation and/or substantial settlement charges. In addition, the resolution of any intellectual property litigation may require the Company to make royalty payments, which could have an adverse effect in future periods. If any of those events were to occur, the Company's business, financial condition, results of operations, and cash flows could be adversely affected. The actual liability in any such matters may be materially different from the Company's estimates, which could result in the need to adjust the liability and record additional expenses. Huawei v. NETGEAR Inc., NETGEAR Deutschland GmbH, and Exertis-Connect GmbH On or around March of 2022, Huawei filed two patent infringement lawsuits at the District Court of Dusseldorf, Germany, against NETGEAR Inc., NETGEAR Deutschland GmbH, and Exertis-Connect GmbH, a third-party webstore selling NETGEAR products in Germany. Huawei asserts one EU patent in each suit, EP 3 337 077 B1 (the ’077 Patent) in case no. 08/22 and EP 3 143 741 B1 (the ’741 Patent) in case no. 09/22. In its complaints, Huawei alleges that the Company’s WiFi 6 products infringe the two patents, which Huawei further claims are standard-essential patents. On or around May 10, 2022, the Company was served with two suits that Huawei filed before the Jinan Intermediate People’s Court of China asserting Patent Nos. ZL 201811536087.9 (case no 407) and ZL 201810757332.2 (case no. 408) against the Company’s WiFi 6 products. The Company’s challenge of the Jinan Court’s jurisdiction in both cases was denied by the Supreme Court of China. In the German cases, on or around February 9, 2023, the Federal Patent Court issued preliminary opinions finding both asserted patents invalid. The invalidity proceedings are ongoing. The Company attended an oral hearing for both infringement cases on March 21, 2023 before the Dusseldorf District Court and the Court rendered its decisions on May 11, 2023. The Court dismissed case no. 09/22 for the ‘741 Patent and stayed case no. 8/22 for the ‘077 Patent. Huawei has filed a notice of appeal for the dismissal of case no. 09/22. The parties are preparing their appellate briefs. In the Chinese cases, the parties attended an evidentiary hearing for cases on July 3, 2023. Licensing and technical hearings followed on July 24, 2023 and July 25, 2023. After the July 25th hearing, the Court indicated it will confer internally and advise the parties of further action. Huawei v. NETGEAR Inc., NETGEAR Deutschland GmbH, and NETGEAR International Limited On or around July 3, 2023, the Company learned that Huawei filed a new infringement suit, asserting patent EP 3 611 989 (the ’989 Patent), against NETGEAR Inc., NETGEAR Deutschland GmbH, and NETGEAR International Limited at the recently established Unified Patent Court (UPC) in Munich, Germany. The Company’s statement of defense is due November 7, 2023. The Company, at this time, is not able to reasonably estimate any financial impact to the Company resulting from these litigation matters. The Company does not believe that it is reasonably possible that a material loss has been incurred for any of the matters disclosed above, and consequently has not established any loss provisions.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Oct. 01, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Note 9. Stock holders' Equity Stock Repurchases From time to time, the Company's Board of Directors has authorized programs under which the Company may repurchase shares of its common stock, depending on market conditions, in the open market or through privately negotiated transactions. Under the authorizations, the timing and actual number of shares subject to repurchase are at the discretion of management and are contingent on a number of factors, such as levels of cash generation from operations, cash requirements for acquisitions and the price of the Company's common stock. The Company did no t repurchase any shares of common stock during the nine months ended October 1, 2023. During the nine months ended October 2, 2022 , the Company repurchased, reported based on trade date, approximately 1.0 million shares of common stock at a cost of approximately $ 24.4 million under the repurchase authorizations. As of October 1, 2023 , 2.5 million shares remained authorized for repurchase under the repurchase program. The Company repurchased, reported based on trade date, approximately 194,000 and 198,000 shares of common stock, at a cost of approximately $ 2.7 million and $ 4.7 million, during the nine months ended October 1, 2023, and October 2, 2022, respectively, to administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for individuals receiving RSUs. These shares were retired upon repurchase. The Company's policy related to repurchases of its common stock is to charge the excess of cost over par value to retained earnings. All repurchases were made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Accumulated Other Comprehensive Income (Loss) The following tables set forth the changes in accumulated other comprehensive income (loss) ("AOCI") by component: (In thousands) Unrealized Unrealized Estimated tax Total Balance as of December 31, 2022 $ ( 322 ) $ ( 338 ) $ 125 $ ( 535 ) Other comprehensive income (loss) before reclassifications 249 2,584 ( 568 ) 2,265 Less: Amount reclassified from accumulated other comprehensive income (loss) — 2,178 ( 457 ) 1,721 Net current period other comprehensive income (loss) 249 406 ( 111 ) 544 Balance as of October 1, 2023 $ ( 73 ) $ 68 $ 14 $ 9 (In thousands) Unrealized Unrealized Estimated tax Total Balance as of December 31, 2021 $ ( 2 ) $ 173 $ ( 22 ) $ 149 Other comprehensive income (loss) before reclassifications ( 459 ) 1,340 ( 154 ) 727 Less: Amount reclassified from accumulated other comprehensive income (loss) — 1,254 ( 263 ) 991 Net current period other comprehensive income (loss) ( 459 ) 86 109 ( 264 ) Balance as of October 2, 2022 $ ( 461 ) $ 259 $ 87 $ ( 115 ) The following table provides details about significant amounts reclassified out of each component of AOCI: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Amount Reclassified from AOCI Gains (losses) on cash flow hedge: Foreign currency forward contracts Affected line item in the statement of operations Net revenue $ 1,059 $ 683 $ 2,510 $ 1,395 Cost of revenue ( 2 ) — ( 4 ) — Research and development — ( 3 ) ( 26 ) ( 18 ) Sales and marketing ( 100 ) ( 64 ) ( 242 ) ( 97 ) General and administrative ( 41 ) ( 22 ) ( 60 ) ( 26 ) Total before tax 916 594 2,178 1,254 Tax impact ( 192 ) ( 124 ) ( 457 ) ( 263 ) Total, net of tax $ 724 $ 470 $ 1,721 $ 991

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Oct. 01, 2023
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]
Employee Benefit Plans	Note 10. Employe e Benefit Plans The Company grants options, RSUs and performance shares under the 2016 Incentive Plan (the "2016 Plan"), under which awards may be granted to all employees. Vesting periods under this plan are generally four years for options and RSUs and three years for performance shares. In June 2023, the stockholders of the Company approved an amendment to the 2016 Plan which increased the number of shares of the Company’s common stock that may be issued under the 2016 plan by an additional 2.0 million shares. As of October 1, 2023 , approximately 2.4 million shares were reserved for future grants under the 2016 Plan. Additionally, the Company sponsors an Employee Stock Purchase Plan (the “ESPP”), pursuant to which eligible employees may contribute up to 10 % of compensation, subject to certain income limits, to purchase shares of the Company's common stock. The terms of the plan include a look-back feature that enables employees to purchase stock semi-annually at a price equal to 85 % of the lesser of the fair market value at the beginning of the offering period or the purchase date. The duration of each offering period is generally six months. As of October 1, 2023 , approximately 0.8 million shares were available for issuance under the ESPP. Option Activity Stock option activity was as follows: (In thousands, except per share amounts) Number of Weighted Average Exercise Price Per Share Outstanding as of December 31, 2022 872 $ 30.64 Expired ( 6 ) $ 21.86 Outstanding as of October 1, 2023 866 $ 30.70 RSU Activity RSU activity was as follows: (In thousands, except per share amounts) Number Weighted Average Grant Date Fair Value Per Share Outstanding as of December 31, 2022 1,546 $ 27.82 Granted 752 $ 17.49 Vested ( 638 ) $ 27.32 Cancelled ( 84 ) $ 25.52 Outstanding as of October 1, 2023 1,576 $ 23.01 Performance Shares Activity In July 2020, July 2021, April 2022 and July 2023, the Company's executive officers were granted performance shares with vesting occurring at the end of a three-year period if performance conditions are met. The number of performance shares earned and eligible to vest are determined based on achievement of the pre-determined performance conditions and the recipients’ continued service with the Company. The number of performance shares to vest could range from 0 % to 150 % of the target shares granted. At the end of each reporting period, the Company evaluates the probability of achieving the performance conditions and records the related stock-based compensation expense based on performance to date over the service period. Performance shares activity was as follows: (In thousands, except per share amounts) Number Weighted Average Grant Date Fair Value Per Share Outstanding as of December 31, 2022 430 $ 29.38 Granted 145 $ 14.44 Vested — — Cancelled ( 158 ) $ 27.85 Outstanding as of October 1, 2023 417 $ 24.76 Valuation and Expense Information The following table sets forth the stock-based compensation expense resulting from stock options, RSUs, performance shares and the ESPP included in the Company's unaudited condensed consolidated statements of operations: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Cost of revenue $ 354 $ 283 $ 1,047 $ 1,027 Research and development 841 968 3,050 3,150 Sales and marketing 1,271 1,249 4,099 4,275 General and administrative 1,819 940 5,441 4,814 Total $ 4,285 $ 3,440 $ 13,637 $ 13,266 As of October 1, 2023 , $ 32.0 million of unrecognized compensation cost related to unvested RSUs and performance shares was expected to be recognized over a weighted-average period of 2.4 years.

Segment Information

Segment Information	9 Months Ended
	Oct. 01, 2023
Segment Reporting [Abstract]
Segment Information	Note 11. Segme nt Information Operating segments are components of an enterprise about which separate financial information is available and is evaluated quarterly by management, namely the Chief Operating Decision Maker (“CODM”) of an organization, in order to determine operating and resource allocation decisions. By this definition, the Company has identified its CEO as the CODM. The Company operates and reports in two segments: Connected Home and SMB: • Connected Home: Focuses on consumers and provides high-performance, dependable and easy-to-use premium WiFi internet networking solutions such as recently released WiFi 7, WiFi 6 and WiFi 6E Tri-band and Quad-band mesh systems, and routers, 4G/5G mobile products, smart devices such as Meural digital canvasses, and subscription services that provide consumers a range of value-added services focused on security, performance, privacy, and premium support; and • SMB: Focuses on small and medium sized businesses and provides solutions for business networking, wireless local area network (“LAN”), audio and video over Ethernet for Pro AV applications, security and remote management providing enterprise-class functionality at an affordable price. The Company believes that this structure reflects its current operational and financial management, and that it provides the best structure for the Company to focus on growth opportunities while maintaining financial discipline. The leadership team of each segment is focused on product and service development efforts, both from a product marketing and engineering standpoint, to service the unique needs of their customers. The results of the reportable segments are derived directly from the Company's management reporting system. The results are based on the Company's method of internal reporting and are not necessarily in conformity with accounting principles generally accepted in the United States. Management measures the performance of each segment based on several metrics, including contribution income (loss). Segment contribution income (loss) includes all product line segment revenues less the related cost of sales, research and development and sales and marketing costs. Contribution income (loss) is used, in part, to evaluate the performance of, and allocate resources to, each of the segments. Certain operating expenses are not allocated to segments because they are separately managed at the corporate level. These unallocated indirect costs include corporate costs, such as corporate research and development, corporate marketing expense and general and administrative costs, amortization of intangibles, stock-based compensation expense, goodwill impairment, intangibles impairment, restructuring and other charges, litigation reserves, net, and other income (expenses), net. Financial information for each reportable segment and a reconciliation of segment contribution income (loss) to loss before income taxes is as follows: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Net Revenue: Connected Home $ 127,335 $ 150,581 $ 328,487 $ 409,787 SMB 70,510 99,006 223,679 273,582 Total net revenue $ 197,845 $ 249,587 $ 552,166 $ 683,369 Contribution Income (loss): Connected Home $ 11,885 $ ( 512 ) $ 9,558 $ ( 3,033 ) Contribution margin 9.3 % ( 0.3 )% 2.9 % ( 0.7 )% SMB $ 14,913 $ 23,683 $ 43,382 $ 53,844 Contribution margin 21.2 % 23.9 % 19.4 % 19.7 % Total segment contribution income $ 26,798 $ 23,171 $ 52,940 $ 50,811 Corporate and unallocated costs ( 21,546 ) ( 21,392 ) ( 65,495 ) ( 62,532 ) Amortization of intangibles (1) — ( 129 ) ( 257 ) ( 386 ) Stock-based compensation expense ( 4,285 ) ( 3,440 ) ( 13,637 ) ( 13,266 ) Goodwill impairment — — — ( 44,442 ) Intangibles impairment ( 1,071 ) — ( 1,071 ) — Restructuring and other charges ( 366 ) ( 361 ) ( 2,703 ) ( 911 ) Litigation reserves, net ( 178 ) — ( 178 ) ( 20 ) Other income (expenses), net (2) 2,280 638 11,685 ( 1,164 ) Income (loss) before income taxes $ 1,632 $ ( 1,513 ) $ ( 18,716 ) $ ( 71,910 ) (1) Amounts exclude amortization expense related to patents within purchased intangibles in cost of revenue. (2) Amounts included gain/(loss), net from litigation settlements of $ 6.0 million for the nine months ended October 1, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 1.3 million and $ 2.2 million, for the three and nine months ended October 1, 2023 , respectively, and $ 3.4 million and $ 6.9 million for the three and nine months ended October 2, 2022 , respectively. The CODM does not evaluate operating segments using discrete asset information. Operations by Geographic Region For reporting purposes, revenue is generally attributed to each geographic region based on the location of the customer. The following table shows net revenue by geography: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 United States (U.S.) $ 138,013 $ 164,890 $ 368,772 $ 445,170 Americas (excluding U.S.) 3,005 4,470 10,779 12,866 EMEA (1) 35,684 44,827 111,023 126,643 APAC (1) 21,143 35,400 61,592 98,690 Total net revenue $ 197,845 $ 249,587 $ 552,166 $ 683,369 (1) No individual foreign country represented more than 10 % of the Company's total net revenue in the periods presented. Long-lived assets by Geographic Region The following table presents the Company's long-lived assets located in geographic areas, which consist of property and equipment, net, and operating lease right-of-use assets: (In thousands) October 1, 2023 December 31, 2022 United States (U.S.) $ 26,640 $ 32,142 Americas (excluding U.S.) 4,805 2,367 EMEA 3,897 3,564 Singapore 6,364 4,032 APAC (excluding Singapore) (1) 6,341 7,988 Total $ 48,047 $ 50,093 (1) No individual country represented more than 10 % of the Company's total long-lived assets in the periods presented.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 01, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12. Fair V alue Measurements The following tables summarize assets and liabilities measured at fair value on a recurring basis: October 1, 2023 (In thousands) Total Quoted market Significant Assets: Cash equivalents: money-market funds $ 24,110 $ 24,110 $ — Available-for-sale investments: U.S. treasury securities (1) 88,693 — 88,693 Trading securities: mutual funds (1) 7,720 7,720 — Available-for-sale investments: convertible debt securities (2) 173 — 173 Foreign currency forward contracts (3) 1,873 — 1,873 Total assets measured at fair value $ 122,569 $ 31,830 $ 90,739 Liabilities: Foreign currency forward contracts (4) $ 554 $ — $ 554 Total liabilities measured at fair value $ 554 $ — $ 554 December 31, 2022 (In thousands) Total Quoted market Significant Assets: Cash equivalents: money-market funds $ 25,744 $ 25,744 $ — Available-for-sale investments: U.S. treasury securities (1) 73,800 — 73,800 Trading securities: mutual funds (1) 6,946 6,946 — Available-for-sale investments: certificates of deposit (1) 6 — 6 Available-for-sale investments: convertible debt securities (2) 346 — 346 Foreign currency forward contracts (3) 652 — 652 Total assets measured at fair value $ 107,494 $ 32,690 $ 74,804 Liabilities: Foreign currency forward contracts (4) $ 4,083 $ — $ 4,083 Total liabilities measured at fair value $ 4,083 $ — $ 4,083 (1) Included in Short-term investments on the Company's unaudited condensed consolidated balance sheets. (2) On the Company’s unaudited condensed consolidated balance sheets, $ 173,000 included in Short-term investments as of October 1, 2023, and $ 173,000 included in Short-term investments and the remaining included in Other non-current assets as of December 31, 2022. (3) Included in Prepaid expenses and other current assets on the Company's unaudited condensed consolidated balance sheets. (4) Included in Other accrued liabilities on the Company's unaudited condensed consolidated balance sheets. The Company’s investments in money-market funds and mutual funds are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company’s investments in U.S. treasury securities are classified within Level 2 of the fair value hierarchy because they are valued based on readily available pricing sources for comparable or identical instruments in less active markets. The Company’s investments in convertible debt securities issued by a publicly held company and certificates of deposits are classified within Level 2 of the fair value hierarchy as the fair value for the instrument approximates its cost based on the contractual terms of the arrangement. The Company’s foreign currency forward contracts are classified within Level 2 of the fair value hierarchy as they are valued using pricing models that consider the contract terms as well as currency rates and counterparty credit rates. The Company verifies the reasonableness of these pricing models using observable market data for related inputs into such models. The Company enters into foreign currency forward contracts with only those counterparties that have long-term credit ratings of A-/A3 or higher. The carrying value of non-financial assets and liabilities measured at fair value in the financial statements on a recurring basis, including accounts receivable and accounts payable, approximate fair value due to their short maturities.

Restructuring and Other Charges

Restructuring and Other Charges	9 Months Ended
	Oct. 01, 2023
Restructuring Charges [Abstract]
Restructuring and Other Charges	Note 13. Restructuring and Other Charges The Company accounts for its restructuring plans under the authoritative guidance for exit or disposal activities. The Company includes expenses related to restructuring and other charges in Other operating expenses (income), net in the condensed consolidated statements of operations. Accrued restructuring and other charges are classified within Accrued employee compensation and Other accrued liabilities on the condensed consolidated balance sheets. Restructuring and other charges recognized in the nine months ended October 1, 2023 and October 2, 2022, respectively, were primarily for severance, and other costs in relation to the reorganization of our business to better align the cost structure of the business with projected revenue levels. The liabilities as of October 1, 2023 are expected to be settled in 2023. The following table provides a summary of the activity related to accrued restructuring and other charges: (In thousands) Accrued Restructuring and Other Charges at December 31, 2022 Additions Cash Payments Adjustments Accrued Restructuring and Other Charges at October 1, 2023 Restructuring Employee termination charges $ 1,912 $ 2,650 $ ( 4,138 ) $ ( 80 ) $ 344 Lease contract termination and other charges — 395 ( 367 ) — 28 Total Restructuring and other charges $ 1,912 $ 3,045 $ ( 4,505 ) $ ( 80 ) $ 372 (In thousands) Accrued Restructuring and Other Charges at December 31, 2021 Additions Cash Payments Adjustments Accrued Restructuring and Other Charges at October 2, 2022 Restructuring Employee termination charges $ — $ 950 $ ( 851 ) $ ( 18 ) $ 81 Lease contract termination and other charges 23 1 ( 1 ) ( 23 ) — Total Restructuring and other charges $ 23 $ 951 $ ( 852 ) $ ( 41 ) $ 81

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 01, 2023
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has considered all recent accounting pronouncements issued, but not yet effective, and does not expect any to have a material effect on the Company’s unaudited condensed consolidated financial statements.
Revenue Recognition	Transaction Price Allocated to the Remaining Performance Obligations Remaining performance obligations represent the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied, which are primarily from hardware and, to a lesser extent, subscription and support services, as of the end of the reporting period. Unsatisfied and partially unsatisfied performance obligations consist of contract liabilities, in-transit orders with destination terms, and non-cancellable backlog. Non-cancellable backlog includes goods for which customer purchase orders have been accepted that are scheduled or in the process of being scheduled for shipment, and that are not yet invoiced. This disclosure includes estimates of variable consideration. Contract Balances The Company records accounts receivable when it has an unconditional right to consideration. Contract liabilities are recorded when cash payments are received or due in advance of performance. Contract liabilities consist of advance payments and deferred revenue, where the Company has unsatisfied performance obligations. Contract liabilities are mainly classified as Deferred revenue on the unaudited condensed consolidated balance sheets. Payment terms vary by customer. The time between invoicing and when payment is due is not significant. For certain products or services and customer types, payment is required before the products or services are delivered to the customer.
Net Income (Loss) Per Share	Basic net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. Potentially dilutive common shares include common shares issuable upon exercise of stock options, vesting of Restricted Stock Units (“RSUs”) and performance shares, and issuances of shares under the Employee Stock Purchase Plan (the "ESPP"), which are reflected in diluted net income (loss) per share by application of the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted net income (loss) per share when their effect is anti-dilutive.
Income taxes	The Company accounts for income taxes under an asset and liability approach. Under this method, income tax expense is recognized for the amount of taxes payable or refundable for the current year. In addition, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences resulting from different treatment for tax versus accounting for certain items, such as accruals and allowances not currently deductible for tax purposes. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These differences result in deferred tax assets and liabilities, which are included within the consolidated balance sheets. The Company must then assess the likelihood that the Company’s deferred tax assets will be recovered from future taxable income and to the extent the Company believes that recovery is not more likely than not, the Company must establish a valuation allowance. The Company’s assessment considers the recognition of deferred tax assets on a jurisdictional basis. Accordingly, in assessing its future taxable income on a jurisdictional basis, the Company considers the effect of its transfer pricing policies on that income. During the three months ended October 1, 2023, the Company determined that recovery of its U.S. federal and state deferred tax assets was no longer more likely than not and established a full valuation allowance on those net assets, based on evaluation of all available evidence, including actual and anticipated business results. Accordingly, the balance sheet net deferred tax assets from the U.S. federal and state jurisdictions reported in “Other Non-current Assets” were reduced after the effect of establishing the valuation allowance.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Oct. 01, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Remaining Performance Obligations	(In thousands) Less than 1 year 1 to 2 years Beyond 2 years Total Performance obligations $ 86,773 $ 2,431 $ 2,368 $ 91,572
Schedule of Contract Balances	The following table reflects the contract balances: (In thousands) Balance Sheet Location October 1, 2023 December 31, 2022 Accounts receivable, net Accounts receivable, net $ 200,900 $ 277,485 Contract liabilities - current Deferred revenue $ 25,090 $ 21,128 Contract liabilities - non-current Other non-current liabilities $ 4,706 $ 3,897
Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel	In the following tables, net revenue is disaggregated by geographic region and sales channel. The Company conducts business across three geographic regions: Americas; Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). The tables also include reconciliations of the disaggregated revenue by reportable segment. The Company operates and reports in two segments: Connected Home, and Small and Medium Business (“SMB”). Sales and usage-based taxes are excluded from n et revenue. Three Months Ended October 1, 2023 October 2, 2022 (In thousands) Connected SMB Total Connected SMB Total Geographic regions (1) : Americas $ 104,695 $ 36,323 $ 141,018 $ 120,168 $ 49,192 $ 169,360 EMEA 10,898 24,786 35,684 12,545 32,282 44,827 APAC 11,742 9,401 21,143 17,868 17,532 35,400 Total $ 127,335 $ 70,510 $ 197,845 $ 150,581 $ 99,006 $ 249,587 Sales channels: Service provider $ 32,403 $ 219 $ 32,622 $ 40,448 $ 1,171 $ 41,619 Non-service provider 94,932 70,291 165,223 110,133 97,835 207,968 Total $ 127,335 $ 70,510 $ 197,845 $ 150,581 $ 99,006 $ 249,587 Nine Months Ended October 1, 2023 October 2, 2022 (In thousands) Connected SMB Total Connected SMB Total Geographic regions (1) : Americas $ 266,379 $ 113,172 $ 379,551 $ 327,372 $ 130,664 $ 458,036 EMEA 34,279 76,744 111,023 34,230 92,413 126,643 APAC 27,829 33,763 61,592 48,185 50,505 98,690 Total $ 328,487 $ 223,679 $ 552,166 $ 409,787 $ 273,582 $ 683,369 Sales channels: Service provider $ 71,346 $ 427 $ 71,773 $ 92,544 $ 3,515 $ 96,059 Non-service provider 257,141 223,252 480,393 317,243 270,067 587,310 Total $ 328,487 $ 223,679 $ 552,166 $ 409,787 $ 273,582 $ 683,369 (1) No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented.

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
	Oct. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Schedule of Amortized Cost and Estimated Fair Market Value of Investments Classified as Available-for-Sale Excluding Cash Equivalents	Amortized cost and estimated fair market value of investments classified as available-for-sale, excluding cash equivalents, as of October 1, 2023, and December 31, 2022, were as follows: October 1, 2023 (In thousands) Amortized Cost Unrealized Unrealized Estimated U.S. treasury securities $ 88,764 $ — $ ( 71 ) $ 88,693 Convertible debt (1) 173 — — 173 Total $ 88,937 $ — $ ( 71 ) $ 88,866 December 31, 2022 (In thousands) Amortized Cost Unrealized Unrealized Estimated U.S. treasury securities $ 74,120 $ — $ ( 320 ) $ 73,800 Convertible debt (1) 346 — — 346 Certificates of deposit 6 — — 6 Total $ 74,472 $ — $ ( 320 ) $ 74,152 (1) On the Company’s unaudited condensed consolidated balance sheets, $ 173,000 included in Short-term investments as of October 1, 2023 , and December 31, 2022, respectively, and $ 173,000 included in Other non-current assets as of December 31, 2022.
Schedule of Investments Classified as Available-for-Sale in Continuous Unrealized Loss Position	The following table summarizes investments classified as available-for-sale in a continuous unrealized loss position for which an allowance for credit losses was not recorded as of October 1, 2023, and December 31, 2022: October 1, 2023 Less Than 12 Months 12 Months or Longer Total (In thousands) Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses U.S. treasury securities $ 88,693 $ ( 71 ) $ — $ — $ 88,693 $ ( 71 ) Total $ 88,693 $ ( 71 ) $ — $ — $ 88,693 $ ( 71 ) December 31, 2022 Less Than 12 Months 12 Months or Longer Total (In thousands) Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses Estimated Fair Market Value Gross Unrealized Losses U.S. treasury securities $ 73,800 $ ( 320 ) $ — $ — $ 73,800 $ ( 320 ) Total $ 73,800 $ ( 320 ) $ — $ — $ 73,800 $ ( 320 )
Schedule of Inventories	Inventories (In thousands) October 1, 2023 December 31, 2022 Raw materials $ 10,466 $ 4,549 Finished goods 270,452 295,065 Total $ 280,918 $ 299,614
Schedule of Property and Equipment, Net	Property and equipment, net (In thousands) October 1, 2023 December 31, 2022 Computer equipment $ 8,001 $ 9,648 Furniture, fixtures, and leasehold improvements 18,041 18,642 Software 28,377 30,610 Machinery and equipment 65,665 76,806 Total property and equipment, gross 120,084 135,706 Accumulated depreciation ( 111,810 ) ( 126,481 ) Total $ 8,274 $ 9,225
Schedule of Intangibles, Net	Intangibles, net October 1, 2023 December 31, 2022 (In thousands) Gross Accumulated Impairment Net Gross Accumulated Net Technology $ 59,799 $ ( 58,906 ) $ ( 893 ) $ — $ 59,799 $ ( 58,692 ) $ 1,107 Other 10,345 ( 10,167 ) ( 178 ) — 10,345 ( 10,123 ) 222 Total $ 70,144 $ ( 69,073 ) $ ( 1,071 ) $ — $ 70,144 $ ( 68,815 ) $ 1,329
Schedule of Other Non-Current Assets	Other non-current assets (In thousands) October 1, 2023 December 31, 2022 Non-current deferred income taxes $ 3,450 $ 85,704 Long-term investments 8,240 7,879 Other 5,873 4,210 Total $ 17,563 $ 97,793
Schedule of Changes in Carrying Value of Long-term Equity Investments	Long-term equity investments The Company's long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds. The changes in the carrying value of equity investments without readily determinable fair values were as follows: Nine months ended (In thousands) October 1, 2023 October 2, 2022 Carrying value as of the beginning of the period (1) $ 6,053 $ 6,303 Impairment — ( 250 ) Carrying value as of the end of the period (1) $ 6,053 $ 6,053 The balances excluded an investment in limited partnership funds of $ 2.2 million as of October 1, 2023 , $ 1.5 million as of October 2, 2022 , $ 1.7 million as of December 31, 2022, and $ 0.9 million as of December 31, 2021. Additionally, the balance excluded an investment in convertible debt securities of $ 0.2 million as of October 2, 2022 , and December 31, 2022, respectively, and $ 0.3 million as of December 31, 2021.
Schedule of Other Accrued Liabilities	Other accrued liabilities (In thousands) October 1, 2023 December 31, 2022 Current operating lease liabilities $ 11,379 $ 11,012 Sales and marketing 74,813 98,690 Warranty obligations 7,038 6,320 Sales returns (1) 36,751 44,944 Freight and duty 2,478 7,243 Other 35,254 45,267 Total $ 167,713 $ 213,476 (1) Inventory expected to be received from future sales returns amounted to $ 17.6 million and $ 21.8 million as of October 1, 2023 , and December 31, 2022, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $ 10.7 million and $ 11.8 million as of October 1, 2023 , and December 31, 2022, respectively.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Oct. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of the Company's Derivative Instruments and the Line Items on the Unaudited Condensed Consolidated Balance Sheets	The fair values of the Company's derivative instruments and the line items on the unaudited condensed consolidated balance sheets to which they were recorded were summarized as follows: Balance Sheet Balance Sheet (In thousands) Location October 1, December 31, Location October 1, December 31, Derivatives not designated as hedging instruments Prepaid expenses and other current assets $ 1,802 $ 636 Other accrued liabilities $ 527 $ 3,871 Derivatives designated as hedging instruments Prepaid expenses and other current assets 71 16 Other accrued liabilities 27 212 Total $ 1,873 $ 652 $ 554 $ 4,083

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Oct. 01, 2023
Earnings Per Share [Abstract]
Schedule of Net Income (Loss) Per Share	Net income (loss) per share consisted of the following: Three Months Ended Nine Months Ended (In thousands, except per share data) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Numerator: Net income (loss) $ ( 84,799 ) $ 2,801 $ ( 103,098 ) $ ( 62,943 ) Denominator: Weighted average common shares - basic 29,524 28,891 29,266 29,023 Potentially dilutive common share equivalent — 138 — — Weighted average common shares - dilutive 29,524 29,029 29,266 29,023 Basic net income (loss) per share $ ( 2.87 ) $ 0.10 $ ( 3.52 ) $ ( 2.17 ) Diluted net income (loss) per share $ ( 2.87 ) $ 0.10 $ ( 3.52 ) $ ( 2.17 ) Anti-dilutive employee stock-based awards, excluded 2,563 1,539 2,358 1,582

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Oct. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Changes in Warranty Obligations	Changes in the Company's warranty obligations, which is included in Other accrued liabilities on the unaudited condensed consolidated balance sheets, were as follows: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Balance as of beginning of the period $ 6,217 $ 6,523 $ 6,320 $ 6,861 Provision for warranty liability made 2,185 1,052 4,862 3,706 Settlements made ( 1,364 ) ( 1,431 ) ( 4,144 ) ( 4,423 ) Balance as of the end of the period $ 7,038 $ 6,144 $ 7,038 $ 6,144

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Oct. 01, 2023
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (loss)	The following tables set forth the changes in accumulated other comprehensive income (loss) ("AOCI") by component: (In thousands) Unrealized Unrealized Estimated tax Total Balance as of December 31, 2022 $ ( 322 ) $ ( 338 ) $ 125 $ ( 535 ) Other comprehensive income (loss) before reclassifications 249 2,584 ( 568 ) 2,265 Less: Amount reclassified from accumulated other comprehensive income (loss) — 2,178 ( 457 ) 1,721 Net current period other comprehensive income (loss) 249 406 ( 111 ) 544 Balance as of October 1, 2023 $ ( 73 ) $ 68 $ 14 $ 9 (In thousands) Unrealized Unrealized Estimated tax Total Balance as of December 31, 2021 $ ( 2 ) $ 173 $ ( 22 ) $ 149 Other comprehensive income (loss) before reclassifications ( 459 ) 1,340 ( 154 ) 727 Less: Amount reclassified from accumulated other comprehensive income (loss) — 1,254 ( 263 ) 991 Net current period other comprehensive income (loss) ( 459 ) 86 109 ( 264 ) Balance as of October 2, 2022 $ ( 461 ) $ 259 $ 87 $ ( 115 )
Schedule of Reclassification out of AOCI	The following table provides details about significant amounts reclassified out of each component of AOCI: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Amount Reclassified from AOCI Gains (losses) on cash flow hedge: Foreign currency forward contracts Affected line item in the statement of operations Net revenue $ 1,059 $ 683 $ 2,510 $ 1,395 Cost of revenue ( 2 ) — ( 4 ) — Research and development — ( 3 ) ( 26 ) ( 18 ) Sales and marketing ( 100 ) ( 64 ) ( 242 ) ( 97 ) General and administrative ( 41 ) ( 22 ) ( 60 ) ( 26 ) Total before tax 916 594 2,178 1,254 Tax impact ( 192 ) ( 124 ) ( 457 ) ( 263 ) Total, net of tax $ 724 $ 470 $ 1,721 $ 991

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Oct. 01, 2023
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Stock Option Activity	Stock option activity was as follows: (In thousands, except per share amounts) Number of Weighted Average Exercise Price Per Share Outstanding as of December 31, 2022 872 $ 30.64 Expired ( 6 ) $ 21.86 Outstanding as of October 1, 2023 866 $ 30.70
Schedule of RSU Activity	RSU activity was as follows: (In thousands, except per share amounts) Number Weighted Average Grant Date Fair Value Per Share Outstanding as of December 31, 2022 1,546 $ 27.82 Granted 752 $ 17.49 Vested ( 638 ) $ 27.32 Cancelled ( 84 ) $ 25.52 Outstanding as of October 1, 2023 1,576 $ 23.01
Schedule of Performance Shares Activity	Performance shares activity was as follows: (In thousands, except per share amounts) Number Weighted Average Grant Date Fair Value Per Share Outstanding as of December 31, 2022 430 $ 29.38 Granted 145 $ 14.44 Vested — — Cancelled ( 158 ) $ 27.85 Outstanding as of October 1, 2023 417 $ 24.76
Schedule of Total Stock-Based Compensation Expense Resulting from Stock Options, RSUs, Performance Shares and the ESPP	Valuation and Expense Information The following table sets forth the stock-based compensation expense resulting from stock options, RSUs, performance shares and the ESPP included in the Company's unaudited condensed consolidated statements of operations: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Cost of revenue $ 354 $ 283 $ 1,047 $ 1,027 Research and development 841 968 3,050 3,150 Sales and marketing 1,271 1,249 4,099 4,275 General and administrative 1,819 940 5,441 4,814 Total $ 4,285 $ 3,440 $ 13,637 $ 13,266

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 01, 2023
Segment Reporting [Abstract]
Schedule of Reportable Segments and Reconciliation of Segment Contribution Income (Loss) to Income (Loss) Before Income Taxes	Financial information for each reportable segment and a reconciliation of segment contribution income (loss) to loss before income taxes is as follows: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 Net Revenue: Connected Home $ 127,335 $ 150,581 $ 328,487 $ 409,787 SMB 70,510 99,006 223,679 273,582 Total net revenue $ 197,845 $ 249,587 $ 552,166 $ 683,369 Contribution Income (loss): Connected Home $ 11,885 $ ( 512 ) $ 9,558 $ ( 3,033 ) Contribution margin 9.3 % ( 0.3 )% 2.9 % ( 0.7 )% SMB $ 14,913 $ 23,683 $ 43,382 $ 53,844 Contribution margin 21.2 % 23.9 % 19.4 % 19.7 % Total segment contribution income $ 26,798 $ 23,171 $ 52,940 $ 50,811 Corporate and unallocated costs ( 21,546 ) ( 21,392 ) ( 65,495 ) ( 62,532 ) Amortization of intangibles (1) — ( 129 ) ( 257 ) ( 386 ) Stock-based compensation expense ( 4,285 ) ( 3,440 ) ( 13,637 ) ( 13,266 ) Goodwill impairment — — — ( 44,442 ) Intangibles impairment ( 1,071 ) — ( 1,071 ) — Restructuring and other charges ( 366 ) ( 361 ) ( 2,703 ) ( 911 ) Litigation reserves, net ( 178 ) — ( 178 ) ( 20 ) Other income (expenses), net (2) 2,280 638 11,685 ( 1,164 ) Income (loss) before income taxes $ 1,632 $ ( 1,513 ) $ ( 18,716 ) $ ( 71,910 ) (1) Amounts exclude amortization expense related to patents within purchased intangibles in cost of revenue. (2) Amounts included gain/(loss), net from litigation settlements of $ 6.0 million for the nine months ended October 1, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 1.3 million and $ 2.2 million, for the three and nine months ended October 1, 2023 , respectively, and $ 3.4 million and $ 6.9 million for the three and nine months ended October 2, 2022 , respectively.
Schedule of Net Revenue by Geography	The following table shows net revenue by geography: Three Months Ended Nine Months Ended (In thousands) October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 United States (U.S.) $ 138,013 $ 164,890 $ 368,772 $ 445,170 Americas (excluding U.S.) 3,005 4,470 10,779 12,866 EMEA (1) 35,684 44,827 111,023 126,643 APAC (1) 21,143 35,400 61,592 98,690 Total net revenue $ 197,845 $ 249,587 $ 552,166 $ 683,369 (1) No individual foreign country represented more than 10 % of the Company's total net revenue in the periods presented.
Schedule of Long-Lived Asset By Geographic Region	The following table presents the Company's long-lived assets located in geographic areas, which consist of property and equipment, net, and operating lease right-of-use assets: (In thousands) October 1, 2023 December 31, 2022 United States (U.S.) $ 26,640 $ 32,142 Americas (excluding U.S.) 4,805 2,367 EMEA 3,897 3,564 Singapore 6,364 4,032 APAC (excluding Singapore) (1) 6,341 7,988 Total $ 48,047 $ 50,093 (1) No individual country represented more than 10 % of the Company's total long-lived assets in the periods presented.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 01, 2023
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables summarize assets and liabilities measured at fair value on a recurring basis: October 1, 2023 (In thousands) Total Quoted market Significant Assets: Cash equivalents: money-market funds $ 24,110 $ 24,110 $ — Available-for-sale investments: U.S. treasury securities (1) 88,693 — 88,693 Trading securities: mutual funds (1) 7,720 7,720 — Available-for-sale investments: convertible debt securities (2) 173 — 173 Foreign currency forward contracts (3) 1,873 — 1,873 Total assets measured at fair value $ 122,569 $ 31,830 $ 90,739 Liabilities: Foreign currency forward contracts (4) $ 554 $ — $ 554 Total liabilities measured at fair value $ 554 $ — $ 554 December 31, 2022 (In thousands) Total Quoted market Significant Assets: Cash equivalents: money-market funds $ 25,744 $ 25,744 $ — Available-for-sale investments: U.S. treasury securities (1) 73,800 — 73,800 Trading securities: mutual funds (1) 6,946 6,946 — Available-for-sale investments: certificates of deposit (1) 6 — 6 Available-for-sale investments: convertible debt securities (2) 346 — 346 Foreign currency forward contracts (3) 652 — 652 Total assets measured at fair value $ 107,494 $ 32,690 $ 74,804 Liabilities: Foreign currency forward contracts (4) $ 4,083 $ — $ 4,083 Total liabilities measured at fair value $ 4,083 $ — $ 4,083 (1) Included in Short-term investments on the Company's unaudited condensed consolidated balance sheets. (2) On the Company’s unaudited condensed consolidated balance sheets, $ 173,000 included in Short-term investments as of October 1, 2023, and $ 173,000 included in Short-term investments and the remaining included in Other non-current assets as of December 31, 2022. (3) Included in Prepaid expenses and other current assets on the Company's unaudited condensed consolidated balance sheets. (4) Included in Other accrued liabilities on the Company's unaudited condensed consolidated balance sheets.

Restructuring and Other Charg_2

Restructuring and Other Charges (Tables)	9 Months Ended
	Oct. 01, 2023
Restructuring Charges [Abstract]
Summary of Activity Related to Accrued Restructuring and Other Charges	The following table provides a summary of the activity related to accrued restructuring and other charges: (In thousands) Accrued Restructuring and Other Charges at December 31, 2022 Additions Cash Payments Adjustments Accrued Restructuring and Other Charges at October 1, 2023 Restructuring Employee termination charges $ 1,912 $ 2,650 $ ( 4,138 ) $ ( 80 ) $ 344 Lease contract termination and other charges — 395 ( 367 ) — 28 Total Restructuring and other charges $ 1,912 $ 3,045 $ ( 4,505 ) $ ( 80 ) $ 372 (In thousands) Accrued Restructuring and Other Charges at December 31, 2021 Additions Cash Payments Adjustments Accrued Restructuring and Other Charges at October 2, 2022 Restructuring Employee termination charges $ — $ 950 $ ( 851 ) $ ( 18 ) $ 81 Lease contract termination and other charges 23 1 ( 1 ) ( 23 ) — Total Restructuring and other charges $ 23 $ 951 $ ( 852 ) $ ( 41 ) $ 81

Revenue (Schedule of Remaining

Revenue (Schedule of Remaining Performance Obligations) (Details) $ in Thousands	Oct. 01, 2023 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 91,572
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-10-02
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 86,773
Performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-10-02
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 2,431
Performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-10-02
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 2,368
Performance obligations, period

Revenue (Schedule of Remainin_2

Revenue (Schedule of Remaining Performance Obligations) (Details 1) $ in Thousands	Oct. 01, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, amount	$ 91,572

Revenue (Schedule of Contract B

Revenue (Schedule of Contract Balances) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 200,900	$ 277,485
Contract liabilities - current	25,090	21,128
Contract liabilities - non-current	$ 4,706	$ 3,897

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) $ in Millions	9 Months Ended
	Oct. 01, 2023 USD ($) Region Segment
Revenue from Contract with Customer [Abstract]
Revenue deferred due to unsatisfied performance obligations	$ 34.9
Revenue recognized for satisfaction of performance obligations	30.1
Contract with Customer, Liability Included In Beginning Balance, Revenue Recognized	$ 19.1
Number of geographic regions in which the Company conducts business | Region	3
Number of operating segments | Segment	2
Number of reportable segments | Segment	2

Revenue (Schedule of Net Revenu

Revenue (Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	$ 197,845	$ 249,587	$ 552,166	$ 683,369
Service provider
Disaggregation of Revenue [Line Items]
Total net revenue		32,622	41,619	71,773	96,059
Non-service provider
Disaggregation of Revenue [Line Items]
Total net revenue		165,223	207,968	480,393	587,310
Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	127,335	150,581	328,487	409,787
Connected Home | Service provider
Disaggregation of Revenue [Line Items]
Total net revenue		32,403	40,448	71,346	92,544
Connected Home | Non-service provider
Disaggregation of Revenue [Line Items]
Total net revenue		94,932	110,133	257,141	317,243
SMB
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	70,510	99,006	223,679	273,582
SMB | Service provider
Disaggregation of Revenue [Line Items]
Total net revenue		219	1,171	427	3,515
SMB | Non-service provider
Disaggregation of Revenue [Line Items]
Total net revenue		70,291	97,835	223,252	270,067
Americas
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	141,018	169,360	379,551	458,036
Americas | Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	104,695	120,168	266,379	327,372
Americas | SMB
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	36,323	49,192	113,172	130,664
EMEA
Disaggregation of Revenue [Line Items]
Total net revenue	[1],[2]	35,684	44,827	111,023	126,643
EMEA | Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	10,898	12,545	34,279	34,230
EMEA | SMB
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	24,786	32,282	76,744	92,413
APAC
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	21,143	35,400	61,592	98,690
APAC | Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	11,742	17,868	27,829	48,185
APAC | SMB
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	$ 9,401	$ 17,532	$ 33,763	$ 50,505
[1] No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented. No individual foreign country represented more than 10 % of the Company's total net revenue in the periods presented.

Balance Sheet Components (Sched

Balance Sheet Components (Schedule of Amortized Cost and Estimated Fair Market Value of Investments Classified as Available-for-Sale Excluding Cash Equivalents) (Details) - USD ($) $ in Thousands		Oct. 01, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		$ 88,937	$ 74,472
Unrealized Gains		0	0
Unrealized Losses		(71)	(320)
Estimated Fair Value		88,866	74,152
U.S. Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		88,764	74,120
Unrealized Gains		0	0
Unrealized Losses		(71)	(320)
Estimated Fair Value		88,693	73,800
Convertible debt securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	[1]	173	346
Unrealized Gains	[1]	0	0
Unrealized Losses	[1]	0	0
Estimated Fair Value	[1]	$ 173	346
Certificates of Deposit
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost			6
Unrealized Gains			0
Unrealized Losses			0
Estimated Fair Value			$ 6
[1] On the Company’s unaudited condensed consolidated balance sheets, $ 173,000 included in Short-term investments as of October 1, 2023 , and December 31, 2022, respectively, and $ 173,000 included in Other non-current assets as of December 31, 2022.

Balance Sheet Components (Sch_2

Balance Sheet Components (Schedule of Amortized Cost and Estimated Fair Market Value of Investments Classified as Available-for-Sale Excluding Cash Equivalents) (Parentheticals) (Details) - USD ($)	Oct. 01, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Short-term investments	$ 96,586,000	$ 80,925,000
Other non-current assets	17,563,000	97,793,000
Convertible debt securities
Schedule Of Available For Sale Securities [Line Items]
Short-term investments	$ 173,000	173,000
Other non-current assets		$ 173,000

Balance Sheet Components (Narra

Balance Sheet Components (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Balance Sheet Related Disclosures [Line Items]
Accrued interest receivable	$ 300,000		$ 300,000
Unrealized losses on available-for-sale securities	0	$ 0	0	$ 0
Other-than-temporary impairments	0	0	0	0
Provisions for excess and obsolete inventory	1,200,000	400,000	2,705,000	3,005,000
Equity securities without readily determinable fair value, cumulative downward adjustments for price change and impairment loss	0		0
Cumulative upward adjustments for price changes	300,000		300,000
Amortization expense		$ 100,000	300,000	$ 400,000
Other asset impairment charges			$ 0
Connected Home
Balance Sheet Related Disclosures [Line Items]
Intangible assets impairment charges	$ 1,100,000

Balance Sheet Components (Sch_3

Balance Sheet Components (Schedule of Investments Classified as Available-for-Sale in Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Estimated Fair Market Value, Less Than 12 Months	$ 88,693	$ 73,800
Gross Unrealized Losses, Less Than 12 Months	(71)	(320)
Estimated Fair Market Value, 12 Months or Longer	0	0
Gross Unrealized Losses, 12 Months or Longer	0	0
Estimated Fair Market Value, Total	88,693	73,800
Gross Unrealized Losses, Total	(71)	(320)
U.S. Treasury Securities
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Estimated Fair Market Value, Less Than 12 Months	88,693	73,800
Gross Unrealized Losses, Less Than 12 Months	(71)	(320)
Estimated Fair Market Value, 12 Months or Longer	0	0
Gross Unrealized Losses, 12 Months or Longer	0	0
Estimated Fair Market Value, Total	88,693	73,800
Gross Unrealized Losses, Total	$ (71)	$ (320)

Balance Sheet Components (Sch_4

Balance Sheet Components (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Raw materials	$ 10,466	$ 4,549
Finished goods	270,452	295,065
Total	$ 280,918	$ 299,614

Balance Sheet Components (Sch_5

Balance Sheet Components (Schedule of Property and Equipment, Net) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Total property and equipment, gross	$ 120,084	$ 135,706
Accumulated depreciation	(111,810)	(126,481)
Total	8,274	9,225
Computer equipment
Total property and equipment, gross	8,001	9,648
Furniture, fixtures and leasehold improvements
Total property and equipment, gross	18,041	18,642
Software
Total property and equipment, gross	28,377	30,610
Machinery and equipment
Total property and equipment, gross	$ 65,665	$ 76,806

Balance Sheet Components (Sch_6

Balance Sheet Components (Schedule of Intangibles, Net) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross	$ 70,144	$ 70,144
Accumulated Amortization	(69,073)	(68,815)
Impairment	(1,071)
Net	0	1,329
Technology
Finite-Lived Intangible Assets [Line Items]
Gross	59,799	59,799
Accumulated Amortization	(58,906)	(58,692)
Impairment	(893)
Net	0	1,107
Other
Finite-Lived Intangible Assets [Line Items]
Gross	10,345	10,345
Accumulated Amortization	(10,167)	(10,123)
Impairment	(178)
Net	$ 0	$ 222

Balance Sheet Components (Sch_7

Balance Sheet Components (Schedule of Other Non-Current Assets) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Non-current deferred income taxes	$ 3,450	$ 85,704
Long-term investments	8,240	7,879
Other	5,873	4,210
Total	$ 17,563	$ 97,793

Balance Sheet Components (Sch_8

Balance Sheet Components (Schedule of Changes in Carrying Value of Long-term Equity Investments) (Details) - USD ($) $ in Thousands		9 Months Ended
		Oct. 01, 2023	Oct. 02, 2022
Balance Sheet Related Disclosures [Abstract]
Beginning Balance	[1]	$ 6,053	$ 6,303
Impairment		0	(250)
Ending Balance	[1]	$ 6,053	$ 6,053
[1] The balances excluded an investment in limited partnership funds of $ 2.2 million as of October 1, 2023 , $ 1.5 million as of October 2, 2022 , $ 1.7 million as of December 31, 2022, and $ 0.9 million as of December 31, 2021. Additionally, the balance excluded an investment in convertible debt securities of $ 0.2 million as of October 2, 2022 , and December 31, 2022, respectively, and $ 0.3 million as of December 31, 2021.

Balance Sheet Components (Sch_9

Balance Sheet Components (Schedule of Changes in Carrying Value of Long-term Equity Investments) (Parentheticals) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022	Oct. 02, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Line Items]
Equity investments	$ 8,240	$ 7,879
Limited partnership funds
Balance Sheet Related Disclosures [Line Items]
Equity investments	$ 2,200	1,700	$ 1,500	$ 900
Convertible debt securities
Balance Sheet Related Disclosures [Line Items]
Equity investments		$ 200	$ 200	$ 300

Balance Sheet Components (Sc_10

Balance Sheet Components (Schedule of Other Accrued Liabilities) (Details) - USD ($) $ in Thousands		Oct. 01, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Current operating lease liabilities		$ 11,379	$ 11,012
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]		Total	Total
Sales and marketing		$ 74,813	$ 98,690
Warranty obligations		7,038	6,320
Sales returns	[1]	36,751	44,944
Freight and duty		2,478	7,243
Other		35,254	45,267
Total		$ 167,713	$ 213,476
[1] Inventory expected to be received from future sales returns amounted to $ 17.6 million and $ 21.8 million as of October 1, 2023 , and December 31, 2022, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $ 10.7 million and $ 11.8 million as of October 1, 2023 , and December 31, 2022, respectively.

Balance Sheet Components (Sc_11

Balance Sheet Components (Schedule of Other Accrued Liabilities) (Parentheticals) (Details) - USD ($) $ in Millions	Oct. 01, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Inventory expected to be received from future sales returns	$ 17.6	$ 21.8
Provisions to write down expected returned inventory to net realizable value	$ 10.7	$ 11.8

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - Foreign currency forward contracts $ in Millions	9 Months Ended
	Oct. 01, 2023 USD ($) Derivative_instrument
Derivatives not designated as hedging instruments
Derivative [Line Items]
Approximate number of derivatives per quarter | Derivative_instrument	8
Notional amount | $	$ 2.5
Cash Flow Hedges
Derivative [Line Items]
Approximate number of derivatives per quarter | Derivative_instrument	10
Notional amount | $	$ 5.5
Maximum
Derivative [Line Items]
Term of derivative contracts	6 months
Maximum | Derivatives not designated as hedging instruments
Derivative [Line Items]
Term of derivative contracts	3 months
Maximum | Cash Flow Hedges
Derivative [Line Items]
Term of derivative contracts	6 months

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule of Fair Values of the Company's Derivative Instruments and the Line Items on the Unaudited Condensed Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Oct. 01, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized assets	$ 1,873	$ 652
Gross Amounts of recognized liabilities	554	4,083
Prepaid expenses and other current assets | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized assets	1,802	636
Prepaid expenses and other current assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized assets	71	16
Other accrued liabilities | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized liabilities	527	3,871
Other accrued liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized liabilities	$ 27	$ 212

Net Income (Loss) Per Share (Sc

Net Income (Loss) Per Share (Schedule of Net Income (Loss) Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Numerator:
Net income (loss)	$ (84,799)	$ 2,801	$ (103,098)	$ (62,943)
Denominator:
Weighted average common shares - basic	29,524	28,891	29,266	29,023
Potentially dilutive common share equivalent	0	138	0	0
Weighted average common shares - dilutive	29,524	29,029	29,266	29,023
Basic net income (loss) per share	$ (2.87)	$ 0.10	$ (3.52)	$ (2.17)
Diluted net income (loss) per share	$ (2.87)	$ 0.10	$ (3.52)	$ (2.17)
Anti-dilutive employee stock-based awards, excluded	2,563	1,539	2,358	1,582

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Schedule Of Income Taxes [Line Items]
Tax impact	$ 86,431	$ (4,314)	$ 84,382	$ (8,967)
Valuation allowance	81,500		81,500
Possible reduction in liabilities for uncertain tax positions	$ 400		$ 400

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2023 USD ($) Claim	Oct. 02, 2022 USD ($)	Oct. 01, 2023 USD ($) Patent Claim	Oct. 02, 2022 USD ($)	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Non-cancelable purchase commitments with suppliers	$ 68.5		$ 68.5		$ 105.1
Additional purchase orders beyond contractual termination periods	367.1		367.1
Losses incurred related to purchase commitments	$ 0.6	$ 1.6	$ 2	$ 4.6
Number of existing cases and proceedings that the Company currently believes are liking to have a material adverse effect on its financial position | claim | Claim	0		0
The future length the Company currently considered regarding existing cases and proceedings that are likely to have a material adverse effect on it (in months)			12 months
46 to 60 Days
Loss Contingencies [Line Items]
Percentage of cancelable orders	50%		50%
46 to 60 Days | Minimum
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date			46 days
46 to 60 Days | Maximum
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date			60 days
31 to 45 Days
Loss Contingencies [Line Items]
Percentage of cancelable orders	25%		25%
31 to 45 Days | Minimum
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date			31 days
31 to 45 Days | Maximum
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date			45 days
Non- Trade
Loss Contingencies [Line Items]
Long-term, non-cancellable purchase commitments	$ 13.1		$ 13.1
Huawei v. NETGEAR Inc.
Loss Contingencies [Line Items]
Number of patent infringement cases | Patent			2
Number of patents | Patent			2

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Changes in Warranty Obligations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance as of beginning of the period	$ 6,217	$ 6,523	$ 6,320	$ 6,861
Provision for warranty liability made	2,185	1,052	4,862	3,706
Settlements made	(1,364)	(1,431)	(4,144)	(4,423)
Balance as of the end of the period	$ 7,038	$ 6,144	$ 7,038	$ 6,144

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Apr. 03, 2022	Oct. 01, 2023	Oct. 02, 2022
Stockholders' Equity Note [Abstract]
Shares remaining authorized for repurchase (in shares)			2,500,000
Stock repurchased (in shares)			0	1,000,000
Cost of stock repurchased	$ 15,000	$ 9,377		$ 24,400
RSU withholdings (in shares)			194,000	198,000
RSU withholdings			$ 2,742	$ 4,731

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of Changes in Accumulated Other Comprehensive Income (loss) by Component) (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022
Estimated tax benefit (provision)
Beginning balance	$ 125	$ (22)
Other comprehensive income (loss) before reclassifications	(568)	(154)
Less: Amount reclassified from accumulated other comprehensive income (loss)	(457)	(263)
Net current period other comprehensive income (loss)	(111)	109
Ending balance	14	87
AOCI, after tax
Beginning balance	620,855	696,815
Other comprehensive income (loss) before reclassifications	2,265	727
Less: Amount reclassified from accumulated other comprehensive income (loss)	1,721	991
Net current period other comprehensive income (loss)	544	(264)
Ending balance	532,787	622,927
Unrealized gains (losses) on available-for-sale investments
AOCI, before tax
Beginning balance	(322)	(2)
Other comprehensive income (loss) before reclassifications	249	(459)
Less: Amount reclassified from accumulated other comprehensive income (loss)	0	0
Net current period other comprehensive income (loss)	249	(459)
Ending balance	(73)	(461)
Unrealized gains (losses) on derivatives
AOCI, before tax
Beginning balance	(338)	173
Other comprehensive income (loss) before reclassifications	2,584	1,340
Less: Amount reclassified from accumulated other comprehensive income (loss)	2,178	1,254
Net current period other comprehensive income (loss)	406	86
Ending balance	68	259
AOCI
AOCI, after tax
Beginning balance	(535)	149
Ending balance	$ 9	$ (115)

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Net revenue	[1]	$ 197,845	$ 249,587	$ 552,166	$ 683,369
Cost of revenue		128,911	181,058	368,550	494,516
Research and development		20,738	22,167	63,703	68,193
Sales and marketing		30,865	34,203	97,226	104,335
General and administrative		16,364	13,949	49,136	41,698
Tax impact		(86,431)	4,314	(84,382)	8,967
Total, net of tax		(84,799)	2,801	(103,098)	(62,943)
Amount Reclassified from AOCI
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Net revenue		1,059	683	2,510	1,395
Cost of revenue		(2)	0	(4)	0
Research and development		0	(3)	(26)	(18)
Sales and marketing		(100)	(64)	(242)	(97)
General and administrative		(41)	(22)	(60)	(26)
Total before tax		916	594	2,178	1,254
Tax impact		(192)	(124)	(457)	(263)
Total, net of tax		$ 724	$ 470	$ 1,721	$ 991
[1] No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented.

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) shares in Millions, $ in Millions	9 Months Ended
	Oct. 01, 2023 USD ($) shares
A2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future grant (in shares)	2.4
Increase in number of shares of common stock authorized	2
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future grant (in shares)	0.8
Maximum percentage of compensation contributed by employees (in percentage)	10%
Purchase percentage of stock at fair market value (in percentage)	85%
Options and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term	4 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term	3 years
Performance Shares | Minimum | Target Shares Granted
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage vest of performance shares	0%
Performance Shares | Maximum | Target Shares Granted
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage vest of performance shares	150%
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation | $	$ 32
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period of recognition of stock based compensation	2 years 4 months 24 days

Employee Benefit Plans (Schedul

Employee Benefit Plans (Schedule of Stock Option Activity) (Details) - Employee Stock Option shares in Thousands	9 Months Ended
	Oct. 01, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of shares, beginning balance (in shares) | shares	872
Number of shares, expired (in shares) | shares	(6)
Number of shares, ending balance (in shares) | shares	866
Beginning balance (in dollars per share) | $ / shares	$ 30.64
Expired (in dollars per share) | $ / shares	21.86
Ending balance (in dollars per share) | $ / shares	$ 30.70

Employee Benefit Plans (Sched_2

Employee Benefit Plans (Schedule of RSU Activity) (Details) - Restricted Stock Units (RSUs) shares in Thousands	9 Months Ended
	Oct. 01, 2023 $ / shares shares
Number of Shares
Beginning balance (in shares) | shares	1,546
Granted (in shares) | shares	752
Vested (in shares) | shares	(638)
Cancelled (in shares) | shares	(84)
Ending balance (in shares) | shares	1,576
Weighted Average Grant Date Fair Value Per Share
Beginning Balance (in dollars per share) | $ / shares	$ 27.82
Granted (in dollars per share) | $ / shares	17.49
Vested (in dollars per share) | $ / shares	27.32
Cancelled (in dollars per share) | $ / shares	25.52
Ending Balance (in dollars per share) | $ / shares	$ 23.01

Employee Benefit Plans (Sched_3

Employee Benefit Plans (Schedule of Performance Shares Activity) (Details) - Performance Shares shares in Thousands	9 Months Ended
	Oct. 01, 2023 $ / shares shares
Number of Shares
Beginning balance (in shares) | shares	430
Granted (in shares) | shares	145
Vested (in shares) | shares	0
Cancelled (in shares) | shares	(158)
Ending balance (in shares) | shares	417
Weighted Average Grant Date Fair Value Per Share
Beginning Balance (in dollars per share) | $ / shares	$ 29.38
Granted (in dollars per share) | $ / shares	14.44
Vested (in dollars per share) | $ / shares	0
Cancelled (in dollars per share) | $ / shares	27.85
Ending Balance (in dollars per share) | $ / shares	$ 24.76

Employee Benefit Plans (Sched_4

Employee Benefit Plans (Schedule of Total Stock-Based Compensation Expense Resulting from Stock Options, RSUs, Performance Shares and the ESPP) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 4,285	$ 3,440	$ 13,637	$ 13,266
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	354	283	1,047	1,027
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	841	968	3,050	3,150
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	1,271	1,249	4,099	4,275
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 1,819	$ 940	$ 5,441	$ 4,814

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Oct. 01, 2023 Segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2

Segment Information (Schedule o

Segment Information (Schedule of Reportable Segments and Reconciliation of Segment Contribution Income (Loss) to Income (Loss) Before Income Taxes) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Segment Reporting Information [Line Items]
Total net revenue	[1]	$ 197,845	$ 249,587	$ 552,166	$ 683,369
Total segment contribution income		26,798	23,171	52,940	50,811
Corporate and unallocated costs		(21,546)	(21,392)	(65,495)	(62,532)
Amortization of intangibles	[2]	0	(129)	(257)	(386)
Stock-based compensation expense		(4,285)	(3,440)	(13,637)	(13,266)
Goodwill impairment		0	0	0	(44,442)
Intangibles impairment		(1,071)	0	(1,071)	0
Restructuring and other charges		(366)	(361)	(2,703)	(911)
Litigation reserves, net		(178)	0	(178)	(20)
Other income (expenses), net	[3]	2,280	638	11,685	(1,164)
Income (loss) before income taxes		1,632	(1,513)	(18,716)	(71,910)
Connected Home
Segment Reporting Information [Line Items]
Total net revenue	[1]	127,335	150,581	328,487	409,787
Total segment contribution income		$ 11,885	$ (512)	$ 9,558	$ (3,033)
Segment contribution margin		9.30%	(0.30%)	2.90%	(0.70%)
SMB
Segment Reporting Information [Line Items]
Total net revenue	[1]	$ 70,510	$ 99,006	$ 223,679	$ 273,582
Total segment contribution income		$ 14,913	$ 23,683	$ 43,382	$ 53,844
Segment contribution margin		21.20%	23.90%	19.40%	19.70%
[1] No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented. Amounts exclude amortization expense related to patents within purchased intangibles in cost of revenue. Amounts included gain/(loss), net from litigation settlements of $ 6.0 million for the nine months ended October 1, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 1.3 million and $ 2.2 million, for the three and nine months ended October 1, 2023 , respectively, and $ 3.4 million and $ 6.9 million for the three and nine months ended October 2, 2022 , respectively.

Segment Information (Schedule_2

Segment Information (Schedule of Reportable Segments and Reconciliation of Segment Contribution Income (Loss) to Income (Loss) Before Income Taxes) (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Segment Reporting [Abstract]
Gain/(loss), net from derivatives not designated as hedging instruments	$ 1.3	$ 3.4	$ 2.2	$ 6.9
Amount from litigation settlements			$ 6

Segment Information (Schedule_3

Segment Information (Schedule of Net Revenue by Geographic Areas) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 01, 2023	Oct. 02, 2022	Oct. 01, 2023	Oct. 02, 2022
Segment Reporting Information [Line Items]
Total net revenue	[1]	$ 197,845	$ 249,587	$ 552,166	$ 683,369
United States (U.S.)
Segment Reporting Information [Line Items]
Total net revenue		138,013	164,890	368,772	445,170
Americas (excluding U.S.)
Segment Reporting Information [Line Items]
Total net revenue		3,005	4,470	10,779	12,866
EMEA
Segment Reporting Information [Line Items]
Total net revenue	[1],[2]	35,684	44,827	111,023	126,643
APAC
Segment Reporting Information [Line Items]
Total net revenue	[2]	$ 21,143	$ 35,400	$ 61,592	$ 98,690
[1] No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented. No individual foreign country represented more than 10 % of the Company's total net revenue in the periods presented.

Segment Information (Schedule_4

Segment Information (Schedule of Net Revenue by Geographic Areas) (Parenthetical) (Details) - Maximum	3 Months Ended	9 Months Ended
	Oct. 01, 2023	Oct. 01, 2023
EMEA
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of net revenue	10%	10%
APAC
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of net revenue	10%	10%

Segment Information (Schedule_5

Segment Information (Schedule of Long-Lived Asset by Geographic Region) (Details) - USD ($) $ in Thousands		Oct. 01, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		$ 48,047	$ 50,093
United States (U.S.)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		26,640	32,142
Americas (excluding U.S.)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		4,805	2,367
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		3,897	3,564
Singapore
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		6,364	4,032
APAC (excluding Singapore)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	[1]	$ 6,341	$ 7,988
[1] No individual country represented more than 10 % of the Company's total long-lived assets in the periods presented.

Segment Information (Schedule_6

Segment Information (Schedule of Long-Lived Asset by Geographic Region) (Parenthetical) (Details)	9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022
Maximum | APAC (excluding Singapore)
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of total long-lived assets owned	10%	10%

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Valuation of Company's Financial Instruments by Various Levels) (Details) - USD ($) $ in Thousands		Oct. 01, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value		$ 122,569	$ 107,494
Liabilities measured at fair value		554	4,083
Quoted market prices in active markets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value		31,830	32,690
Liabilities measured at fair value		0	0
Significant other observable inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value		90,739	74,804
Liabilities measured at fair value		554	4,083
Cash Equivalents
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value		24,110	25,744
Cash Equivalents | Quoted market prices in active markets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value		24,110	25,744
Cash Equivalents | Significant other observable inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value		0	0
Trading securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	7,720	6,946
Trading securities | Quoted market prices in active markets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	7,720	6,946
Trading securities | Significant other observable inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	0	0
Certificates of Deposit
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]		6
Certificates of Deposit | Quoted market prices in active markets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]		0
Certificates of Deposit | Significant other observable inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]		6
Available-for-sale Investments | U.S. Treasury Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	88,693	73,800
Available-for-sale Investments | U.S. Treasury Securities | Quoted market prices in active markets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	0	0
Available-for-sale Investments | U.S. Treasury Securities | Significant other observable inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	88,693	73,800
Available For Sale Investments Convertible Debt Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[2]	173	346
Available For Sale Investments Convertible Debt Securities | Quoted market prices in active markets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[2]	0	0
Available For Sale Investments Convertible Debt Securities | Significant other observable inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[2]	173	346
Foreign currency forward contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[3]	1,873	652
Liabilities measured at fair value	[4]	554	4,083
Foreign currency forward contracts | Quoted market prices in active markets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[3]	0	0
Liabilities measured at fair value	[4]	0	0
Foreign currency forward contracts | Significant other observable inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	[3]	1,873	652
Liabilities measured at fair value	[4]	$ 554	$ 4,083
[1] Included in Short-term investments on the Company's unaudited condensed consolidated balance sheets. On the Company’s unaudited condensed consolidated balance sheets, $ 173,000 included in Short-term investments as of October 1, 2023, and $ 173,000 included in Short-term investments and the remaining included in Other non-current assets as of December 31, 2022. Included in Prepaid expenses and other current assets on the Company's unaudited condensed consolidated balance sheets. Included in Other accrued liabilities on the Company's unaudited condensed consolidated balance sheets.

Fair Value Measurements (Summ_2

Fair Value Measurements (Summary of Valuation of Company's Financial Instruments by Various Levels) (Parenthetical) (Details) - USD ($)	Oct. 01, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short-term investments	$ 96,586,000	$ 80,925,000
Other non-current assets	17,563,000	97,793,000
Convertible debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short-term investments	$ 173,000	173,000
Other non-current assets		$ 173,000

Restructuring and Other Charg_3

Restructuring and Other Charges (Summary of Activity Related to Accrued Restructuring and Other Charges ) (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 01, 2023	Oct. 02, 2022
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 1,912	$ 23
Additions	$ 3,045	$ 951
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Cash payments	$ (4,505)	$ (852)
Adjustments	(80)	(41)
Ending balance	372	81
Employee Termination Charges
Restructuring Cost and Reserve [Line Items]
Beginning balance	1,912
Additions	2,650	950
Cash payments	(4,138)	(851)
Adjustments	(80)	(18)
Ending balance	344	81
Lease Contract Termination and Other Charges
Restructuring Cost and Reserve [Line Items]
Beginning balance		23
Additions	395	1
Cash payments	(367)	(1)
Adjustments		$ (23)
Ending balance	$ 28