NETGEAR (NTGR) 10-K 16 Feb 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Feb. 09, 2024	Jul. 02, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Trading Symbol	NTGR
Entity Registrant Name	NETGEAR, Inc.
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Central Index Key	0001122904
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
ICFR Auditor Attestation Flag	true
Smaller Reporting Company	false
Document Financial Statement Error Correction [Flag]	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 Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (In shares)		29,661,351
Entity Public Float			$ 403.3
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	San Jose, California
Auditor Firm ID	238
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the Registrant’s 2024 Annual Meeting of Stockholders are incorporated by reference in Part III of this Form 10-K.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 176,717	$ 146,500
Short-term investments	106,931	80,925
Accounts receivable, net of allowance for doubtful accounts of $338 and $397 as of December 31, 2023 and December 31, 2022, respectively	185,059	277,485
Inventories	248,851	299,614
Prepaid expenses and other current assets	30,421	29,767
Total current assets	747,979	834,291
Property and equipment, net	8,273	9,225
Operating lease right-of-use assets	37,285	40,868
Intangibles, net	0	1,329
Goodwill	36,279	36,279
Other non-current assets	17,326	97,793
Total assets	847,142	1,019,785
Current liabilities:
Accounts payable	46,850	85,550
Accrued employee compensation	21,286	24,132
Other accrued liabilities	168,084	213,476
Deferred revenue	27,091	21,128
Income taxes payable	1,037	1,685
Total current liabilities	264,348	345,971
Non-current income taxes payable	12,695	14,972
Non-current operating lease liabilities	29,698	34,085
Other non-current liabilities	4,906	3,902
Total liabilities	311,647	398,930
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred stock: $0.001 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock: $0.001 par value; 200,000,000 shares authorized; shares issued and outstanding: 29,615,723 and 28,907,770 as of December 31, 2023 and 2022, respectively	30	29
Additional paid-in capital	967,651	946,123
Accumulated other comprehensive income (loss)	136	(535)
Accumulated deficit	(432,322)	(324,762)
Total stockholders’ equity	535,495	620,855
Total liabilities and stockholders’ equity	$ 847,142	$ 1,019,785

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance for doubtful accounts of $397 and $399 as of December 31, 2022, and December 31, 2021, respectively	$ 338	$ 397
Preferred Stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	29,615,723	28,907,770
Common stock, shares outstanding (in shares)	29,615,723	28,907,770

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net revenue		$ 740,840,000	$ 932,472,000	$ 1,168,073,000
Cost of revenue		491,588,000	681,923,000	802,236,000
Gross profit		249,252,000	250,549,000	365,837,000
Operating expenses:
Research and development		83,295,000	88,443,000	92,967,000
Sales and marketing		127,778,000	139,675,000	145,961,000
General and administrative		66,243,000	56,316,000	59,659,000
Goodwill impairment		0	44,442,000	0
Intangibles impairment		1,071,000	0	0
Other operating expenses, net		4,140,000	4,597,000	653,000
Total operating expenses		282,527,000	333,473,000	299,240,000
Income (loss) from operations		(33,275,000)	(82,924,000)	66,597,000
Other income (expenses), net	[1]	14,139,000	902,000	(1,093,000)
Income (loss) before income taxes		(19,136,000)	(82,022,000)	65,504,000
Provision for (benefit from) income taxes		85,631,000	(13,035,000)	16,117,000
Net income (loss)		$ (104,767,000)	$ (68,987,000)	$ 49,387,000
Net income (loss) per share
Basic		$ (3.57)	$ (2.38)	$ 1.63
Diluted		$ (3.57)	$ (2.38)	$ 1.59
Weighted average shares used to compute net income (loss) per share:
Basic		29,355	29,007	30,241
Diluted		29,355	29,007	31,002
[1] Amounts included gain/(loss), net from litigation settlement of $ 6.0 million for the year ended December 31, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 0.3 million, $ 2.7 million and $ 4.2 million, for the years ended December 31, 2023, 2022 and 2021, respectively.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (104,767)	$ (68,987)	$ 49,387
Other comprehensive income (loss), before tax:
Change in unrealized gains and losses on derivatives	345	(511)	215
Change in unrealized gains and losses on available-for-sale investments	448	(320)	0
Other comprehensive income (loss), before tax	793	(831)	215
Tax benefit (provision) related to derivatives	(43)	68	(31)
Tax benefit (provision) related to available-for-sale investments	(79)	79	0
Other comprehensive income (loss), net of tax	671	(684)	184
Comprehensive income (loss)	$ (104,096)	$ (69,671)	$ 49,571

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance at Dec. 31, 2020	$ 689,384	$ 30	$ 882,709	$ (35)	$ (193,320)
Beginning balance (in shares) at Dec. 31, 2020		30,399,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains and losses on derivatives, net of tax	184			184
Net income (loss)	49,387				49,387
Stock-based compensation	25,995		25,995
Repurchase of common stock	$ (75,000)	$ (2)			(74,998)
Repurchase of common stock (in shares)	(2,100,000)	(2,146,000)
Restricted stock unit withholdings	$ (7,660)				(7,660)
Restricted stock unit withholdings (in shares)	(204,000)	(204,000)
Issuance of common stock under stock-based compensation plans	$ 14,525	$ 1	14,524
Issuance of common stock under stock-based compensation plans (in shares)		1,237,000
Ending balance at Dec. 31, 2021	696,815	$ 29	923,228	149	(226,591)
Ending 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	(241)			(241)
Change in unrealized gains and losses on derivatives, net of tax	(443)			(443)
Net income (loss)	(68,987)				(68,987)
Stock-based compensation	17,734		17,734
Repurchase of common stock	$ (24,377)				(24,377)
Repurchase of common stock (in shares)	(1,000,000)	(1,032,000)
Restricted stock unit withholdings	$ (4,807)				(4,807)
Restricted stock unit withholdings (in shares)	(202,000)	(202,000)
Issuance of common stock under stock-based compensation plans	$ 5,161		5,161
Issuance of common stock under stock-based compensation plans (in shares)		856,000
Ending balance at Dec. 31, 2022	620,855	$ 29	946,123	(535)	(324,762)
Ending 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	369			369
Change in unrealized gains and losses on derivatives, net of tax	302			302
Net income (loss)	(104,767)				(104,767)
Stock-based compensation	$ 17,938		17,938
Repurchase of common stock (in shares)	0
Restricted stock unit withholdings	$ (2,793)				(2,793)
Restricted stock unit withholdings (in shares)	(198,000)	(198,000)
Issuance of common stock under stock-based compensation plans	$ 3,591	$ 1	3,590
Issuance of common stock under stock-based compensation plans (in shares)		906,000
Ending balance at Dec. 31, 2023	$ 535,495	$ 30	$ 967,651	$ 136	$ (432,322)
Ending balance (in shares) at Dec. 31, 2023		29,616,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ (104,767,000)	$ (68,987,000)	$ 49,387,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	7,161,000	10,070,000	13,906,000
Stock-based compensation	17,938,000	17,734,000	25,995,000
(Gain) Loss on investments, net	(3,226,000)	(87,000)	1,362,000
Goodwill impairment	0	44,442,000	0
Intangibles impairment	1,071,000	0	0
Change in fair value of contingent consideration	0	0	(3,003,000)
Deferred income taxes	82,319,000	(21,842,000)	4,498,000
Provision for excess and obsolete inventory	3,168,000	3,657,000	3,877,000
Changes in assets and liabilities:
Accounts receivable, net	92,425,000	(16,327,000)	75,894,000
Inventories	47,595,000	12,396,000	(147,432,000)
Prepaid expenses and other assets	(3,189,000)	5,696,000	(4,127,000)
Accounts payable	(38,947,000)	11,857,000	(16,493,000)
Accrued employee compensation	(2,846,000)	(572,000)	(10,316,000)
Other accrued liabilities	(45,893,000)	(13,332,000)	4,869,000
Deferred revenue	6,969,000	5,425,000	2,978,000
Income taxes payable	(2,925,000)	(3,862,000)	(5,974,000)
Net cash provided by (used in) operating activities	56,853,000	(13,732,000)	(4,579,000)
Cash flows from investing activities:
Purchases of short-term investments	(135,920,000)	(153,577,000)	(146,000)
Proceeds from maturities of short-term investments	115,006,000	80,417,000	710,000
Purchases of property and equipment	(5,799,000)	(5,757,000)	(9,864,000)
Purchases of long-term investments	(720,000)	(600,000)	(685,000)
Net cash used in investing activities	(27,433,000)	(79,517,000)	(9,985,000)
Cash flows from financing activities:
Repurchases of common stock	0	(24,377,000)	(75,000,000)
Restricted stock unit withholdings	(2,793,000)	(4,807,000)	(7,660,000)
Proceeds from exercise of stock options	0	743,000	9,620,000
Proceeds from issuance of common stock under employee stock purchase plan	3,590,000	4,418,000	4,916,000
Net cash provided by (used in) financing activities	797,000	(24,023,000)	(68,124,000)
Net increase (decrease) in cash and cash equivalents	30,217,000	(117,272,000)	(82,688,000)
Cash and cash equivalents, at beginning of period	146,500,000	263,772,000	346,460,000
Cash and cash equivalents, at end of period	176,717,000	146,500,000	263,772,000
Supplemental Cash Flow Information:
Cash paid for income taxes, net	7,194,000	9,396,000	20,589,000
Non-cash investing and financing activities:
Unpaid property and equipment	$ 476,000	$ 203,000	$ 526,000

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Summary of Significant Accounting Policies	Note 1. The Company and Summary of Significant Accounting Policies The Company 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, power businesses and advance the way we live. The Company is dedicated to delivering innovative and highly differentiated, 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. Its 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 our product line offerings. These products are available in multiple configurations to address the changing needs of our 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 . Basis of presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All inter-company accounts and transactions have been eliminated in the consolidation of these subsidiaries. Fiscal periods 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. Use of estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. As of the date of issuance of these 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 consolidated financial statements as soon as they become known. Significant Accounting Policies Cash and cash equivalents The Company considers all highly liquid investments with an original maturity or a remaining maturity at the time of purchase of three months or less to be cash equivalents. The Company deposits cash and cash equivalents with high credit quality financial institutions. Investments Short-term investments are partially comprised of marketable and convertible debt securities that consist of government and private company debts with an original maturity or a remaining maturity at the time of purchase, of greater than three months and no more than 12 months. These debt securities are classified as available-for-sale securities in accordance with the provisions of the authoritative guidance for investments and are carried at fair value with unrealized gains and losses reported as a separate component of stockholders’ equity. Credit losses on available-for-sale debt securities with unrealized losses are recognized as allowances for credit losses limited to the amount by which fair value is below amortized cost. The Company also has a short-term investment in corporate equity securities issued by a publicly held company. This investment is recorded at fair market value with unrealized gains and losses included in Other income (expenses), net in the consolidated statements of operations. Short-term investments also include marketable securities related to deferred compensation under the Company’s Deferred Compensation Plan. Mutual funds are the only investments allowed in the Company’s Deferred Compensation Plan and the investments are held in a grantor trust formed by the Company. The Company has classified these investments as trading securities as the grantor trust actively manages the asset allocation to match the participants’ notional fund allocations. These securities are recorded at fair market value with unrealized gains and losses included in Other income (expenses), net in the consolidated statements of operations. Long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds, and are included in Other non-current assets on the consolidated balance sheets. Equity investments without readily determinable fair values are accounted for at cost, less impairment and adjusted for subsequent observable price changes obtained from orderly transactions for identical or similar investments issued by the same investee. Such changes in the basis of the equity investment are recognized in Other income (expenses), net in the consolidated statements of operations. The Company does not have a controlling interest or the ability to exercise significant influence over these investees and these investments do not have readily determinable fair values. Investments in convertible debt securities are carried at fair value with unrealized gains and losses reported as a separate component of stockholders’ equity. Investments in limited partnership funds amounted to $ 2.3 million and $ 1.7 million as of December 31, 2023 and 2022, respectively, which are measured at fair value using the net asset value practical expedient. Changes in the fair value of these investments are recognized in Other income (expenses), net in the consolidated statements of operations. Certain risks and uncertainties The Company’s products are concentrated in the networking and smart connected industries, which are characterized by rapid technological advances, changes in customer requirements and evolving regulatory requirements and industry standards. The success of the Company depends on management’s ability to anticipate and/or to respond quickly and adequately to such changes. Any significant delays in the development or introduction of products could have a material adverse effect on the Company’s business and operating results. The Company relies on a limited number of third parties to manufacture all of its products. If any of the Company’s third-party manufacturers cannot or will not manufacture its products in required volumes, on a cost-effective basis, in a timely manner, or at all, the Company will have to secure additional manufacturing capacity. Any interruption or delay in manufacturing could have a material adverse effect on the Company’s business and operating results. Derivative financial instruments The Company uses foreign currency forward contracts that generally mature within six months of inception to manage the exposures to foreign exchange risk related to expected future cash flows on certain forecasted revenue, cost of revenue, operating expenses, and on certain existing assets and liabilities. Under its foreign currency risk management strategy, the Company utilizes derivative instruments to reduce the impact of currency exchange rate movements on the Company’s operating results by offsetting gains and losses on the forward contracts with increases or decreases in foreign currency transactions. The Company does not use derivative financial instruments for speculative purposes. The Company accounts for its derivative instruments as either assets or liabilities and records them at fair value. The Company has entered into master netting arrangements which allow net settlements under certain conditions. Although netting is permitted, it is currently the Company’s policy and practice to record all derivative assets and liabilities on a gross basis on the consolidated balance sheets. Derivatives that are not designated as hedges under the authoritative guidance for derivatives are adjusted to fair value through earnings. For derivative instruments that hedge the exposure to variability in expected future cash flows and are designated as cash flow hedges, the gains or losses on the derivative instrument are reported as a component of accumulated other comprehensive income in stockholders’ equity and reclassified into the same line item in the statement of operations as the hedged transaction, and in the same period that the hedged transaction effects earnings. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. Concentration of credit risk Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and cash equivalents, short-term investments and accounts receivable. The Company believes that there is minimal credit risk associated with the investment of its cash and cash equivalents and short-term investments, due to the restrictions placed on the type of investment that can be entered into under the Company’s investment policy. The Company’s short-term investments consist of investment-grade securities, and the Company’s cash and investments are held and managed by recognized financial institutions. The Company’s customers are primarily distributors as well as retailers and broadband service providers who sell or distribute the products to a large group of end-users. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of the Company’s customers to make required payments. The Company regularly performs credit evaluations of the Company’s customers’ financial condition and considers factors such as historical experience, credit quality, age of the accounts receivable balances, geographic or country-specific risks and current economic conditions that may affect customers’ ability to pay. The Company does not require collateral from its customers. As of December 31, 2023, Best Buy, Inc. and affiliates and Amazon and affiliates accounted for approximately 21 % and 11 % of the Company’s total accounts receivable, respectively. As of December 31, 2022, Best Buy, Inc. and affiliates, AT&T Inc. and affiliates, and Amazon and affiliates accounted for approximately 19 %, 16 % and 16 % of the Company’s total accounts receivable, respectively. N o other customers accounted for 10 % or greater of the Company’s total accounts receivable. The Company is exposed to credit loss in the event of nonperformance by counterparties to the foreign currency forward contracts used to mitigate the effect of foreign currency exchange rate changes. The Company believes the counterparties for its outstanding contracts are large, financially sound institutions and thus, the Company does not anticipate nonperformance by these counterparties. In the event of turbulence or the onset of a financial crisis in financial markets, the failure of counterparties cannot be ruled out. Fair value measurements The carrying amounts of the Company’s financial instruments, including cash equivalents, short-term investments, accounts receivable, and accounts payable approximate their fair values due to their short maturities. Foreign currency forward contracts are recorded at fair value based on observable market data. Refer to Note 12, Fair Value Measurements, in Notes to Consolidated Financial Statements for disclosures regarding fair value measurements in accordance with the authoritative guidance for fair value measurements and disclosures. Allowance for doubtful accounts The Company maintains an allowance for doubtful accounts for estimated credit losses resulting from the inability of its customers to make required payments and reviews it quarterly . The Company determines expected credit losses by performing credit evaluations of its customers’ financial condition, establishing specific reserves for customers in an adverse financial condition and adjusting for its expectations of changes in conditions that may impact the collectability of outstanding receivables . The Company considers factors such as historical experience, credit quality, age of the accounts receivable balances, and geographic or country-specific risks. If the financial condition of the Company’s customers should deteriorate or if actual defaults are higher than the Company’s historical experience, additional allowances may be required, which could have an adverse impact on operating expenses. Inventories Inventories consist primarily of finished goods which are valued at the lower of cost and net realizable value, with cost being determined using the first-in, first-out method. On a quarterly basis, the Company assesses the value of the inventory and writes down its value for estimated excess and obsolete inventory based upon assumptions about the future demand by reviewing inventory quantities on hand and on order under non-cancelable purchase commitments in comparison to the Company’s estimated forecast of product demand to determine what inventory, if any, is not saleable at or above cost. The Company’s analysis is primarily based on the demand forecast which takes into account market conditions, product development plans, product life expectancy and other factors. At the point of loss recognition, a new, lower cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase of the newly established cost basis. Property and equipment, net Property and equipment are stated at historical cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows: Computer equipment 2 years Furniture and fixtures 5 years Software 2 - 5 years Machinery and equipment 2 - 3 years Leasehold improvements Shorter of the lease term or 5 years Recoverability of assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. The carrying value of the asset is reviewed on a regular basis for the existence of facts, both internal and external, that may suggest impairment. Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, other accrued liabilities, and operating lease liabilities on the consolidated balance sheets. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. For certain office leases, the Company accounts for the lease and non-lease components as a single lease component to the extent that the timing and pattern of transfer are similar for the lease and non-lease components and the lease component qualifies as an operating lease. Lease expense is recognized on a straight-line basis over the lease term. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Generally, the implicit rate of interest in arrangements is not readily determinable and the Company utilizes its incremental borrowing rate in determining the present value of lease payments. The Company’s incremental borrowing rate is a hypothetical rate based on a benchmark interest rate adjusted for its specific credit risk. The operating lease ROU asset includes any lease payments made and excludes lease incentives. Goodwill Goodwill represents the purchase price over estimated fair value of net assets of businesses acquired in a business combination. Goodwill acquired in a business combination is not amortized, but instead tested for impairment at least annually on the first day of the fourth quarter. Should certain events or indicators of impairment occur between annual impairment tests, the Company performs the impairment test as those events or indicators occur. Examples of such events or circumstances include the following: a significant decline in the Company’s expected future cash flows; a sustained, significant decline in the Company’s stock price and market capitalization; a significant adverse change in the business climate; and slower growth rates. Goodwill is tested for impairment at the reporting unit level by first performing a qualitative assessment to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of the reporting unit is less than its carrying value. The qualitative assessment considers the following factors: macroeconomic conditions, industry and market considerations, cost factors, overall company financial performance, events affecting the reporting units, and changes in the Company’s share price. If the reporting unit does not pass the qualitative assessment, the Company estimates its fair value and compares the fair value with the carrying value of its reporting unit, including goodwill. If the fair value is greater than the carrying value of its reporting unit, no impairment is recorded. If the fair value is less than the carrying value, an impairment loss is recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. The impairment charge would be recorded to earnings in the consolidated statements of operations. Intangibles, net Purchased intangibles with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from three to ten years . Finite-lived intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. Revenue Recognition Revenue from contracts with customers is recognized when control of the promised goods or services is transferred to the customers at the amount that reflects the consideration that the Company expects to be entitled to in exchange for those goods or services. The Company derives its revenue primarily from product sales, consisting of sales of Connected Home and NETGEAR for Business hardware products to its customers - retailers, distributors and service providers. Revenue is recognized at a point in time when control of the goods is transferred to the customer, generally occurring upon shipment or delivery dependent upon the terms of the underlying contract or once the risk of loss has been transferred to the customer. The Company evaluates its customers’ ability to pay based on various factors like historical payment experience, financial metrics and customer credit scores. Payment is collected within a short period of time from the date control over the product is transferred to the customer or after commencement of services. Revenue for services relates primarily to sales of subscriptions of the Company’s value-added services, including security and privacy, parental controls and remote network management as well as advanced technical support and extended warranty. Service revenue is generally recognized over time on a ratable basis over the contract term beginning when the customer is expected to activate their account. Service contracts are generally for 30 days or 12 months in length, billed either monthly or annually and generally in advance. The technical support services consist of telephone and internet access to technical support personnel, extended warranty, which consists of hardware replacement and updates to software features provided on a when and if available basis. All such service or support sales are typically recognized using an input measure of progress by looking at the time elapsed and based on the customer receiving the benefit throughout the contract period. To date, services revenue has not represented a significant percentage of our total revenue. Revenue from all sale types is recognized at the transaction price and is calculated as selling price net of variable consideration which may include estimates for future returns, sales incentives and price protection. The Company uses the expected value method to arrive at the amount of variable consideration which is based on management’s analysis of historical and anticipated returns information, sell through and channel inventory levels, current economic trends, and changes in customer demand. The Company’s standard obligation to its direct customers generally provides for a full refund in the event that such product is not merchantable or is found to be damaged or defective. Certain distributors and retailers generally have the right to return product for stock rotation purposes as well. At the time the Company records the reduction to revenue, the Company includes within cost of revenue a write-down to reduce the carrying value of such products to net realizable value. In addition to channel returns, sales incentive programs offer certain reimbursement rights to qualified distributors and retailers for marketing expenditures. Distinct goods or service received in exchange for payment from a customer are accrued within operating expenses or cost of revenue as appropriate, otherwise expenditures are recorded as a reduction of revenue. The Company provides price protections in limited cases, with variable consideration assessed based on customary business practice such as anticipated price decreases, historical pricing information and customer claims processing. For products sold with third-party services where the Company obtains control of the products and/or service before transferring it to the customer, the Company recognizes revenue based on the gross amount billed to customers. The Company recognizes revenue on a net basis when the Company is acting as an agent between the customer and the vendor. The Company considers several factors in determining when it obtains control, such as determining the responsible party for fulfillment of the services, whether the Company has inventory risk before the service is transferred or if it has discretion to establish pricing for the third-party services. Contracts with Multiple Performance Obligations Some of the Company’s contracts with customers contain multiple promised goods or services. Such contracts may include hardware products with embedded software and other various software subscription services and support. For these contracts, the Company evaluates whether each deliverable is a distinct promise and if so, accounts for the promises separately as individual performance obligations. If a promised good or service is not distinct in accordance with the revenue guidance, the Company combines that good or service with the other promised goods or services in the arrangement and accounts for it as a distinct good. The embedded software on most of the hardware products is not considered distinct and therefore the combined hardware and incidental software are treated as one performance obligation and recognized at the point in time when control of product transfers to the customer. Services included with certain hardware products are considered distinct, as a customer can benefit from the product without these services and, therefore, the hardware and service are treated as separate performance obligations. Revenue is allocated among the performance obligations based on their relative standalone selling prices. Standalone selling prices are generally determined based on the prices charged to customers or using an adjusted market assessment. The estimated standalone selling price is directly observable from those sales based on a range of prices and may include using information such as prices charged for similar offerings, estimated costs to provide the performance obligation and other observable inputs. Deferred Revenue Deferred revenue consists of service and support fees due in advance of satisfying performance. The majority of the Company’s deferred revenue balance consists of the unrecognized portion of service revenue from its value-added services, including cyber security, parental controls and remote network management services as well as advanced technical support and extended warranty, which is recognized as revenue ratably over the contractual service period. Performance obligations expected to be fulfilled within one year are classified as current liabilities and the remaining are recorded as noncurrent liabilities. Warranties Hardware products regularly include warranties to the end customers that consist of bug fixes, minor updates such that the product continues to function according to published specs in a dynamic environment, and phone support. These standard warranties are assurance type warranties and do not offer any services beyond the assurance that the product will continue working as specified. Therefore, warranties are not considered separate performance obligations in the arrangement. Instead, the expected cost of product warranty is accrued as expense at the time we recognize revenue in accordance with authoritative guidance. Extended warranties are sold separately and include additional support services. The transaction price for extended warranties is accounted for as service revenue and recognized over the life of the contract. Shipping and Handling Shipping and handling fees billed to customers are included in Net revenue. Shipping and handling costs associated with inbound freight are included in Cost of revenue. In cases where the Company gives a freight allowance to the customer for their own inbound freight costs, such costs are appropriately recorded as a reduction in Net revenue. Shipping and handling costs associated with outbound freight are included in Sales and marketing expenses. The Company has elected to account for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products. Shipping and handling costs associated with outbound freight totaled $ 8.8 million, $ 16.9 million and $ 16.4 million in the years ended December 31, 2023, 2022 and 2021 respectively. Research and development Costs incurred in the research and development of new products are charged to expense as incurred. Advertising costs Advertising costs are expensed as incurred. Total advertising and promotional expenses were $ 28.9 million, $ 27.0 million, and $ 25.2 million in the years ended December 31, 2023, 2022 and 2021 respectively. 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. 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. The Tax Act introduced a new tax on global intangible low-taxed income (GILTI) effective as of January 1, 2018. The Company’s policy is to treat GILTI as a period cost if and when incurred.. In the ordinary course of business there is inherent uncertainty in assessing the Company’s income tax positions. The Company assesses its tax positions and records benefits for all years subject to examination based on management’s evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where it is more likely than not that a tax benefit will be sustained, the Company records the largest amount of tax benefit with a greater than 50 percent likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more likely than not that a tax benefit will be sustained, no tax benefit has been recorded in the financial statements. Where applicable, associated interest and penalties have also been recognized as a component of income tax expense. 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 per share is computed by dividing the net income 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 awards and performance shares, and issuances of shares under the Employee Stock Purchase Plan, which are reflected in diluted net income per share by application of the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted net income per share when their effect is anti-dilutive. Stock-based compensation The Company measures stock-based compensation at the grant date based on the fair value of the award. The fair value of stock options and the shares offered under the Employee Stock Purchase Plan (“ESPP”) is estimated using the Black-Scholes option pricing model. Estimated compensation cost relating to restricted stock units (“RSUs”) and performance shares is based on the closing fair market value of the Company’s common stock on the date of grant. The compensation expense for equity awards is recognized over the vesting period of the award under a straight-line vesting method. Forfeitures are accounted for as they occur. In addition, for performance shares, the Company evaluates the probability of achieving the performance conditions at the end of each reporting period and records the related stock-based compensation expense based on performance to date over the service period. All excess tax benefits and tax deficiencies arising from stock awards vesting or settlement are recorded as income tax expense or benefit rather than in equity. Refer to Note 10, Employee Benefit Plans, in Notes to Consolidated Financial Statements for a further discussion on stock-based compensation. Comprehensive income (loss) Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting stockholder’s equity that the Comp

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 2. Revenue Recognition 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 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. The following table includes estimated revenue expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of December 31, 2023: (In thousands) Less than 1 year 1 to 2 years Beyond 2 years Total Performance obligations $ 58,983 $ 2,427 $ 2,486 $ 63,896 Contract Costs Costs to fulfill a contract are capitalized when they relate directly to an existing contract or specific anticipated contract, generate or enhance resources that will be used to fulfill performance obligations and are recoverable. These costs include direct cost incurred at inception of a contract which enables the fulfillment of the performance obligation and totaled $ 6.0 million and $ 5.3 million as of December 31, 2023 and 2022, respectively. There was no impairment o f capitalized contract costs during the years ended December 31, 2023, 2022 and 2021. Applying the practical expedient, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that otherwise would have been recognized is one year or less. These costs are included in Sales and marketing and General and administrative expenses. If the incremental direct costs of obtaining a contract, which consist of sales commissions, relate to a service recognized over a period longer than one year, costs are deferred and amortized in line with the related services over the period of benefit. Deferred commissions are classified as non-current based on the original amortization period of over one year. As of December 31, 2023 and 2022, deferred commissions were not significant. 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, where the Company has unsatisfied performance obligations. Contract liabilities are mainly classified as Deferred revenue on the 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 December 31, 2023 December 31, 2022 Accounts receivable, net Accounts receivable, net $ 185,059 $ 277,485 Contract liabilities - current Deferred revenue $ 27,091 $ 21,128 Contract liabilities - non-current Other non-current liabilities $ 4,903 $ 3,897 The difference in the balances of the Company’s contract assets and liabilities as of December 31, 2023 and 2022 primarily results from the timing difference between the Company’s performance and the customer’s payment. During the years ended December 31, 2023, 2022 and 2021, $ 48.4 million, $ 38.5 million and $ 31.9 million, respectively, of revenue were deferred due to unsatisfied performance obligations for service contracts and undelivered product commitmen ts, $ 41.4 million, $ 33.1 million and $ 28.9 million, respectively, of revenue were recognized for the satisfaction of performance obligations, and $ 21.5 million, $ 16.9 million and $ 13.6 million, respectively, of this recognized revenue were included in the contract liability balan ce at the beginning of the period, respectively. There were no significant changes in estimates during the periods that would affect the contract balances. Disaggregation of Revenue In the following table, 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 table also includes reconciliations of the disaggregated revenue by reportable segment. The Company operates and reports in two segments: Connected Home, an d NETGEAR for Business (formerly known as Small and Medium Business, or SMB) . Sales and usage-based taxes are excluded from net revenue. Year Ended December 31, 2023 2022 2021 (In thousands) Connected NETGEAR Total Connected NETGEAR Total Connected NETGEAR Total Geographic regions (1) : Americas $ 358,304 $ 146,045 $ 504,349 $ 443,612 $ 173,599 $ 617,211 $ 651,936 $ 134,390 $ 786,326 EMEA 46,083 102,839 148,922 49,732 129,626 179,358 112,368 117,461 229,829 APAC 42,478 45,091 87,569 65,479 70,424 135,903 89,168 62,750 151,918 Total $ 446,865 $ 293,975 $ 740,840 $ 558,823 $ 373,649 $ 932,472 $ 853,472 $ 314,601 $ 1,168,073 Sales channels: Service provider $ 98,659 $ 579 $ 99,238 $ 148,331 $ 4,234 $ 152,565 $ 129,052 $ 2,481 $ 131,533 Non-service provider 348,206 293,396 641,602 410,492 369,415 779,907 724,420 312,120 1,036,540 Total $ 446,865 $ 293,975 $ 740,840 $ 558,823 $ 373,649 $ 932,472 $ 853,472 $ 314,601 $ 1,168,073

Balance Sheet Components

Balance Sheet Components	12 Months Ended
	Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Note 3. 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 December 31 , 2023, and December 31, 2022, were as follows: December 31, 2023 (In thousands) Amortized Cost Unrealized Unrealized Estimated U.S. treasury securities $ 98,326 $ 128 $ — $ 98,454 Convertible debt (1) 173 — — 173 Total $ 98,499 $ 128 $ — $ 98,627 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 consolidated balance sheets, $ 173,000 included in Short-term investments as of December 31, 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 December 31, 2023, are all due within one year. Accrued interest receivable as of December 31, 2023, was insignificant and was recorded within Prepaid expenses and other current assets on the consolidated balance sheets. The Company had no investments classified as available-for-sale in a continuous unrealized loss position for which an allowance for credit losses was not recorded as of December 31, 2023. 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 December 31, 2023 and 2022, respectively: December 31, 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 $ 98,454 $ — $ — $ — $ 98,454 $ — Total $ 98,454 $ — $ — $ — $ 98,454 $ — 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 years ended December 31, 2023, 2022 and 2021 , 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 years ended December 31 , 2023, 2022 and 2021. Refer to Note 12, Fair Value Measurements, for detailed disclosures regarding fair value measurements. Inventories (In thousands) December 31, 2023 December 31, 2022 Raw materials $ 19,955 $ 4,549 Finished goods 228,896 295,065 Total $ 248,851 $ 299,614 The Company records provisions for excess and obsolete inventory based on assumptions about future demand and the amounts incurred were $ 3.2 million , $ 3.7 million and $ 3.9 million for the years ended December 31, 2023, 2022 and 2021, 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) December 31, 2023 December 31, 2022 Computer equipment $ 5,458 $ 9,648 Furniture, fixtures, and leasehold improvements 18,205 18,642 Software 25,760 30,610 Machinery and equipment 47,826 76,806 Total property and equipment, gross 97,249 135,706 Accumulated depreciation ( 88,976 ) ( 126,481 ) Total $ 8,273 $ 9,225 Depreciation expense pertaining to property and equipment was $ 6.9 million, $ 9.5 million and $ 11.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. Intangibles, net December 31, 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 in the years ended December 31, 2023, 2022 and 2021 was $ 0.3 million, $ 0.5 million and $ 2.0 million, respectively. During the third fiscal quarter of 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. No intangibles impairment was recorded in the years ended December 31, 2022 and 2021. Goodwill (In thousands) Connected Home NETGEAR for Business Total As of December 31, 2021 $ 44,442 $ 36,279 $ 80,721 Goodwill impairment charge ( 44,442 ) — ( 44,442 ) As of December 31, 2022 — 36,279 36,279 As of December 31, 2023 $ — $ 36,279 $ 36,279 Each year on the first day of 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 third fiscal quarter of 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. Further, the Company completed its annual impairment test of goodwill as of the first day of the fourth fiscal quarter of 2023, or October 2, 2023. The Company identified the reporting units for the purpose of goodwill impairment testing still as Connected Home and NETGEAR for Business. The fair values of the reporting units 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 NETGEAR for Business reporting unit substantially exceeded its carrying amount, including goodwill, thus no goodwill impairment was recognized in the year ended December 31, 2023. An interim goodwill impairment test performed in the first fiscal quarter of 2022 resulted in an impairment charge of $ 44.4 million in respect to our Connected Home reporting unit, which reduced the goodwill of this reporting unit to zero. No goodwill impairment was recognized for our NETGEAR for Business reporting unit in the year ended December 31, 2022 and no good will impairment was recognized for our Connected Home and NETGEAR for Business reporting units in the year ended December 31, 2021. Accumulated goodwill impairment charges as of December 31, 2023 was $ 44.4 million for the Connected Home reporting unit and zero for the NETGEAR for Business reporting unit. Other non-current assets (In thousands) December 31, 2023 December 31, 2022 Non-current deferred income taxes $ 3,343 $ 85,704 Long-term investments 8,367 7,879 Other 5,616 4,210 Total $ 17,326 $ 97,793 Long-term 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 (in thousands): Carrying value, as of December 31, 2021 (1) $ 6,303 Impairment ( 250 ) Carrying value, as of December 31, 2022 (1) 6,053 Carrying value, as of December 31, 2023 $ 6,053 (1) The balances excluded the investment in limited partnership fund of $ 2.3 million , $ 1.7 million and $ 0.9 million, as of December 31, 2023, 2022 and 2021, respectively. Additionally, each of the balances as of December 31, 2022 and 2021 excluded an investment in convertible debt securities of $ 0.2 million. For such equity investments without readily determinable fair values still held at December 31, 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) December 31, 2023 December 31, 2022 Current operating lease liabilities $ 11,869 $ 11,012 Sales and marketing 75,535 98,690 Warranty obligations 5,738 6,320 Sales returns (1) 34,824 44,944 Freight and duty 2,837 7,243 Other 37,281 45,267 Total $ 168,084 $ 213,476 ________________________ (1) Inventory expected to be received from future sales returns amounted to $ 16.9 million and $ 21.8 million as of December 31, 2023 and 2022, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $ 9.7 million and $ 11.8 million as of December 31, 2023 and December 31, 2022, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 4. Derivative Financial 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 dollar, 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 counter-party. The Company continuously evaluates the credit quality of its counter-party financial institutions and does not consider non-performance a material risk. The Company may choose not to hedge certain foreign exchange exposures for a variety of reasons, including, but not limited to, materiality, accounting considerations or the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign exchange rates. The Company’s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments in accordance with the authoritative guidance for derivatives and hedging. The Company records all derivatives on the balance sheets at fair value. Cash flow hedge gains and losses are recorded in the other comprehensive income (loss) (“OCI”) until the hedged item is recognized in earnings. Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in Other income (expenses), net in the consolidated statements of operations. Cash flow hedges To help manage the exposure of operating margins to fluctuations in foreign currency exchange rates, the Company hedges a portion of its anticipated foreign currency revenue, costs of revenue and certain operating expenses. These hedges are designated at the inception of the hedge relationship as cash flow hedges under the authoritative guidance for derivatives and hedging. Effectiveness of the hedge relationships are tested at least quarterly both prospectively and retrospectively using regression analysis to ensure that the hedge relationship has been effective and is likely to remain effective in the future. The Company typicall y executes ten forward contracts per quarter with maturities under six months and with an average USD notional amount of approximately $ 5.5 million th at are designated as cash flow hedges. The Company expects to reclassify to earnings all of the amounts recorded in OCI associated with its cash flow hedges over the next twelve months . OCI associated with cash flow hedges of foreign currency revenue, cost of revenue and operating expenses are recognized in the same period and in the same line item in the statement of operations as hedged item. The Company did not recognize any material net gains or losses related to anticipated transactions that failed to occur during the years ended December 31, 2023, 2022 and 2021. Non-designated hedges The Company enters into non-designated hedges under the authoritative guidance for derivatives and hedging to manage the exposure of non-functional currency monetary assets and liabilities not already hedged by de-designated cash flow hedges. The non-designated hedges 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 t ypically executes about eight non-designated forwards per quarter with maturities less than three months and an average USD notional amount of approximately $ 2.8 million. Fair Value of Derivative Instruments The fair values of the Company’s derivative instruments and the line items on the consolidated balance sheets to which they were recorded were summarized as follows: Balance Sheet Balance Sheet (In thousands) Location December 31, December 31, Location December 31, December 31, Derivatives not designated as hedging instruments Prepaid expenses and other current assets $ 284 $ 636 Other accrued liabilities $ 1,672 $ 3,871 Derivatives designated as hedging instruments Prepaid expenses and other current assets 7 16 Other accrued liabilities 19 212 Total $ 291 $ 652 $ 1,691 $ 4,083 Refer to Note 12, Fair Value Measurements, in Notes to Consolidated Financial Statements 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	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Note 5. Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing the net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income 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 and performance shares, and issuances of shares under the Employee Stock Purchase Plan (the “ESPP”), which are reflected in diluted net income per share by application of the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted net income per share when their effect is anti-dilutive. Net income (loss) per share consisted of the following: Year Ended December 31, (In thousands, except per share data) 2023 2022 2021 Numerator: Net income (loss) $ ( 104,767 ) $ ( 68,987 ) $ 49,387 Denominator: Weighted average common shares - basic 29,355 29,007 30,241 Potentially dilutive common share equivalent — — 761 Weighted average common shares - dilutive 29,355 29,007 31,002 Basic net income (loss) per share $ ( 3.57 ) $ ( 2.38 ) $ 1.63 Diluted net income (loss) per share $ ( 3.57 ) $ ( 2.38 ) $ 1.59 Anti-dilutive employee stock-based awards, excluded 2,362 1,556 422

Other Income (Expenses), Net

Other Income (Expenses), Net	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Other Income (Expenses), Net	Note 6. Other Income (Expenses), Net Other income (expenses), net consisted of the following: Year Ended December 31, (In thousands) 2023 2022 2021 Interest income $ 6,842 $ 1,825 $ 157 Foreign currency transaction gain (loss), net ( 6 ) ( 2,335 ) ( 4,848 ) Foreign currency contract gain (loss), net 267 2,692 4,195 Gain (loss) on investments, net ( 8 ) ( 271 ) ( 1,362 ) Gain on litigation settlement 6,000 — — Other 1,044 ( 1,009 ) 765 Total $ 14,139 $ 902 $ ( 1,093 )

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. Income Taxes Income before income taxes and the provision for income taxes consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) United States $ ( 33,944 ) $ ( 100,609 ) $ 42,219 International 14,808 18,587 23,285 Total $ ( 19,136 ) $ ( 82,022 ) $ 65,504 Year Ended December 31, (In thousands) 2023 2022 2021 Current: U.S. Federal $ 358 $ 3,477 $ 6,198 State 599 1,329 644 Foreign 2,423 4,236 5,000 3,380 9,042 11,842 Deferred: U.S. Federal 65,880 ( 18,761 ) 4,607 State 15,629 ( 3,017 ) 595 Foreign 742 ( 299 ) ( 927 ) 82,251 ( 22,077 ) 4,275 Total $ 85,631 $ ( 13,035 ) $ 16,117 Effective January 1, 2022, U.S. tax law requires the capitalization and amortization of research and experimental expenditures incurred after December 31, 2021. The impact of this change in U.S. tax law is included in the results for years ended December 31, 2023, and 2022 in the above table. Net deferred tax assets consisted of the following: Year Ended December 31, (In thousands) 2023 2022 Deferred Tax Assets: Accruals and allowances $ 21,324 $ 22,394 Net operating loss carryforwards 1,770 1,275 Stock-based compensation 2,312 3,074 Operating lease liability 7,315 8,834 Deferred revenue 2,085 1,258 Tax credit carryforwards 935 607 Acquired intangibles 18,664 21,722 Capitalized Research and Development 50,670 33,299 Depreciation and amortization 1,088 1,632 Other 4,392 4,338 Total deferred tax assets 110,555 98,433 Deferred Tax Liabilities: Right of use asset ( 6,179 ) ( 7,695 ) Other ( 1,205 ) ( 984 ) Total deferred tax liabilities ( 7,384 ) ( 8,679 ) Valuation Allowance (1) ( 99,828 ) ( 4,050 ) Net deferred tax assets $ 3,343 $ 85,704 (1) Valuation allowance is presented gross. The valuation allowance net of the federal tax effect was $ 95.7 million and $ 4.0 million for the years ended December 31, 2023 and 2022, respectively . Management’s judgment is required in determining the Company’s provision for income taxes, its deferred tax assets and any valuation allowance recorded against its deferred tax assets. During the year ended December 31, 2023, a valuation allowance of $ 99.8 million was placed against all U.S. federal and state tax attributes since it was determined that recovery of the assets is not more likely than not. For the year ended December 31, 2022, a valuation allowance of $ 4.1 million placed against certain investment related deferred tax assets and foreign tax credit carryforwards where utilization was considered uncertain. Accordingly, the valuation allowance increased $ 95.7 million during 2023. In management’s judgment it is more likely than not that foreign deferred tax assets will be realized in the future as of December 31, 2023, and as such no valuation allowance has been recorded against these deferred tax assets. The effective tax rate differed from the applicable U.S. statutory federal income tax rate as follows: Year Ended December 31, 2023 2022 2021 Tax at federal statutory rate 21.0 % 21.0 % 21.0 % State, net of federal benefit ( 3.1 )% 1.7 % 1.4 % Impact of international operations 8.3 % 2.7 % ( 1.8 )% Stock-based compensation ( 2.3 )% ( 2.7 )% 2.9 % Tax credits 5.8 % 1.7 % ( 1.9 )% Valuation allowance ( 474.3 )% ( 0.3 )% 0.3 % Goodwill impairment — % ( 9.6 )% — % State Valuation Allowance Release — % — % — % Base Erosion Anti-Abuse Tax — % — % 3.7 % Transaction Costs — % — % ( 0.9 )% Recognition of previously unrecognized tax benefits ( 0.3 )% 1.8 % 0.0 % Non-deductible License fees ( 1.7 )% ( 0.3 )% 0.1 % Others ( 0.9 )% ( 0.1 )% ( 0.2 )% Provision for income taxes ( 447.5 )% 15.9 % 24.6 % As a result of changes in fair value of available-for-sale securities and foreign currency hedging, income tax (provision) benefits of $( 122,000 ), $ 147,000 , and $( 31,000 ) were recorded in comprehensive income related to the years ended December 31, 2023, 2022, and 2021, respectively. As of December 31, 2023, the Company has approximately $ 0.3 million of acquired federal net operating loss carryforwards as well as $ 0.9 million of California tax credits carryforwards. All the losses are subject to annual usage limitations under Internal Revenue Code Section 382. The federal losses expire in different years beginning in fiscal year 2035 . The Company files income tax returns in the U.S. federal jurisdiction and various state, local, and foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state, or local income tax examinations for years prior to 2016. The Company is no longer subject to foreign income tax examinations before 2004. The Italian Tax Authority (ITA) has audited the Company’s 2004 through 2012 tax years. The Company is currently in litigation with the ITA with respect to these years and has a hearing scheduled for all years at the Italian Supreme Court in March 2024. The Company is currently under examination by the state of California for the years ended December 31, 2016 , December 31, 2017 and December 31, 2018 . The Company has limited audit activity in various other states 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 12 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 resulting from the expiration of statutes of limitation in multiple jurisdictions in the next 12 months is approximately $ 0.7 million, excluding the interest, penalties and the effect of any related deferred tax assets or liabilities. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (“UTB”) is as follows: (In thousands) Federal, State, Balance as of December 31, 2020 $ 9,542 Additions based on tax positions related to the current year 463 Additions for tax positions of prior years 50 Reductions due to lapse of applicable statutes ( 556 ) Adjustments due to foreign exchange rate movement ( 295 ) Balance as of December 31, 2021 9,204 Additions based on tax positions related to the current year 805 Additions for tax positions of prior years 8 Settlements ( 1,355 ) Reductions due to lapse of applicable statutes ( 554 ) Adjustments due to foreign exchange rate movement ( 174 ) Balance as of December 31, 2022 7,934 Additions based on tax positions related to the current year 426 Additions for tax positions of prior years 533 Reductions due to lapse of applicable statutes ( 507 ) Adjustments due to foreign exchange rate movement 232 Balance as of December 31, 2023 $ 8,618 The total amount of net UTB that, if recognized would affect the effective tax rate as of December 31, 2023 is $ 6.2 million. The ending net UTB results from adjusting the gross balance at December 31, 2023 for items such as U.S. federal and state deferred tax, interest, and deductible taxes. The net UTB is included as a component of non-current income taxes payable within the consolidated balance sheets. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. During the years ended December 31, 2023, 2022, and 2021, total interest and penalties expensed were $ 0.1 million, $ 0.0 million, and $ 0.2 million, respectively. As of December 31, 2023 and 2022, accrued interest and penalties on a gross basis were $ 2.6 million and $ 2.4 million, respectively. Included in accrued interest are amounts related to tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company has not provided deferred taxes on earnings of $ 8.5 million of undistributed earnings of foreign subsidiaries that are indefinitely reinvested outside of the U.S. The Company estimates that if these earnings were repatriated to the U.S., it would result in approximately $ 1.8 million in associated tax without consideration of foreign tax credits. Determination of foreign tax credit limitations depends on several factors which cannot be estimated.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 December 31, 2023, the Company had approximately $ 42.6 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 December 31, 2023, $ 323.7 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 has 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 consolidated balance sheets. Losses incurred in relation to purchase commitments, including unique materials and components, amounted to $ 3.5 million, $ 5.5 million and $ 3.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. Non-Trade Commitments As of December 31, 2023, the Company’s non-cancellable purchase commitments pertaining to non-trade activities were as follows (in thousands): 2024 $ 1,823 2025 1,914 2026 2,010 2027 2,111 2028 2,216 Thereafter 3,031 Total $ 13,105 Warranty Obligations Changes in the Company’s warranty obligations, which is included in Other accrued liabilities on the consolidated balance sheets, were as follows: Year Ended December 31, (In thousands) 2023 2022 2021 Balance as of beginning of the period $ 6,320 $ 6,861 $ 9,240 Provision for warranty liability made 5,105 5,230 4,522 Settlements made ( 5,687 ) ( 5,771 ) ( 6,901 ) Balance as of the end of the period $ 5,738 $ 6,320 $ 6,861 Guarantees and Indemnifications The Company, as permitted under Delaware law and in accordance with its Bylaws, indemnifies its officers and directors for certain events or occurrences, subject to certain limits, while the officer or director is or was serving at the Company’s request in such capacity. The term of the indemnification period is for the officer’s or director’s lifetime. The maximum amount of potential future indemnification is unlimited; however, the Company has a Director and Officer Insurance Policy that enables it to recover a portion of any future amounts paid. As a result of its insurance policy coverage, the Company believes the fair value of each indemnification agreement is minimal. Accordingly, the Company has no liabilities recorded for these agreements as of December 31, 2023. In its sales agreements, the Company typically agrees to indemnify its direct customers, distributors and resellers (the “Indemnified Parties”) for any expenses or liability resulting from claimed infringements by the Company’s products of patents, trademarks or copyrights of third parties that are asserted against the Indemnified Parties, subject to customary carve outs. The terms of these indemnification agreements are generally perpetual after execution of the agreement. The maximum amount of potential future indemnification is generally unlimited. From time to time, the Company receives requests for indemnity and may choose to assume the defense of such litigation asserted against the Indemnified Parties. The Company believes the estimated fair value of these agreements is minimal. Accordingly, the Company has no liabilities recorded for these agreements as of December 31, 2023. 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 asserted 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 alleged that the Company’s WiFi 6 products infringed the two patents, which Huawei further claimed 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. The parties attended an evidentiary hearing for the cases on July 3, 2023, s followed by licensing and technical hearings 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. In the Dusseldorf 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 appealed the dismissal of case no. 09/22 and an oral hearing is scheduled for May 23, 2024. Huawei v. NETGEAR Inc., NETGEAR Deutschland GmbH, and NETGEAR International Limited On or around July 3, 2023, 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 filed its statement of defense on November 7, 2023. On around November 22, 2023, Huawei informed the UPC Court and the Company of its intention to assert a fourth patent, EP 3 678 321 (“EP 321”), against the Company at the UPC and requested that the pending UPC case (asserting EP 989) be amended to add EP 321. The Company has brought various procedural challenges related to both UPC matters. 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	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Note 9. Stockholders’ 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. As of December 31, 2023, 2.5 million shares remained authorized for repurchase under the repurchase program. The Company did no t repurchase any shares for the year ended December 31, 2023 under the repurchase program. The Company repurchased, reported based on trade date, approximately 1.0 million and 2.1 million shares of common stock at a cost of approximately $ 24.4 million and $ 75.0 million during the years ended December 31, 2022 and 2021, respectively. The Company repurchased, reported based on trade date, approximate ly 198,000 , 202,000 and 204,000 shares of common stock at a cost of approximately $ 2.8 million, $ 4.8 million and $ 7.7 million, to administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for individuals receiving RSUs during the years ended December 31, 2023, 2022 and 2021, respectively. 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 table sets forth the changes in accumulated other comprehensive income (loss) (“AOCI”) by component: (In thousands) Unrealized Unrealized Estimated tax Total Balance as of December 31, 2020 $ ( 2 ) $ ( 42 ) $ 9 $ ( 35 ) Other comprehensive income (loss) before reclassifications — 668 ( 126 ) 542 Less: Amount reclassified from accumulated other comprehensive income (loss) — 453 ( 95 ) 358 Net current period other comprehensive income (loss) — 215 ( 31 ) 184 Balance as of December 31, 2021 $ ( 2 ) $ 173 $ ( 22 ) $ 149 Other comprehensive income (loss) before reclassifications ( 320 ) ( 704 ) 188 ( 836 ) Less: Amount reclassified from accumulated other comprehensive income (loss) — ( 193 ) 41 ( 152 ) Net current period other comprehensive income (loss) ( 320 ) ( 511 ) 147 ( 684 ) Balance as of December 31, 2022 $ ( 322 ) $ ( 338 ) $ 125 $ ( 535 ) Other comprehensive income (loss) before reclassifications 448 2,337 ( 540 ) 2,245 Less: Amount reclassified from accumulated other comprehensive income (loss) — 1,992 ( 418 ) 1,574 Net current period other comprehensive income (loss) 448 345 ( 122 ) 671 Balance as of December 31, 2023 $ 126 $ 7 $ 3 $ 136 The following table provides details about significant amounts reclassified out of each component of AOCI: Year Ended December 31, (In thousands) 2023 2022 2021 Amount Reclassified from AOCI Gains (losses) on cash flow hedge: Foreign currency forward contracts Affected line item in the statement of operations Net revenue $ 2,337 $ ( 218 ) $ 459 Cost of revenue ( 4 ) 3 ( 2 ) Research and development ( 33 ) ( 14 ) 31 Sales and marketing ( 246 ) 40 ( 30 ) General and administrative ( 62 ) ( 4 ) ( 5 ) Total before tax 1,992 ( 193 ) 453 Tax impact ( 418 ) 41 ( 95 ) Total, net of tax $ 1,574 $ ( 152 ) $ 358

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]
Employee Benefit Plans	Note 10. Employee Benefit Plans 2006 Long Term Incentive Plan In April 2006, the Company adopted the 2006 Long Term Incentive Plan (the “2006 Plan”). The 2006 Plan provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units (“RSU”) performance awards and other stock awards, to eligible directors, employees and consultants of the Company. The Company’s 2006 Plan expired on April 13, 2016 by its terms. No further equity awards can be granted under the 2006 Plan. Outstanding awards under the 2006 Stock Plan remain subject to the terms and conditions of the 2006 Plan. 2016 Equity Incentive Plan In April 2016, the Company’s Board of Directors adopted the 2016 Equity Incentive Plan (the “2016 Plan”) which was approved by the Company’s stockholders at the 2016 Annual Meeting of Stockholders on June 3, 2016. The 2016 Plan provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares and performance units to eligible directors, employees and consultants of the Company. The original maximum aggregate number of shares that could be issued under the 2016 Plan was 2.5 million shares, plus (i) any shares that were available for grant under the Company’s 2006 Plan as of immediately prior to the 2006 Plan’s expiration by its terms, which was 699,827 shares, plus (ii) any shares granted under the 2006 Plan that expire, are forfeited to or repurchased by the Company. In May 2018, the Company adopted amendments 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 1.7 million shares. In January 2019, the Company received the approval from its Compensation Committee to increase the number of shares that the Company may be issued under the 2016 Plan to a new total of 3.1 million shares, pursuant to the adjustment provisions of the 2016 Plan. In May 2020, the Company adopted amendments 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. In June 2023, the Company's stockholders approved amendments 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 December 31, 2023, approximat ely 2.4 million shares remained available for future grants under the 2016 Plan. Options granted generally vest over four years with the first tranche at the end of twelve months from the date of grant and the remaining shares vesting monthly over the remaining three years . Options granted generally expire in 10 years from the date of grant. RSUs granted generally vest in annual installments over four years and do not have an expiration date. Performance shares granted generally vest at the end of a three-year period if performance conditions are met and do not have an expiration date. Any shares that are tendered by a participant of the 2016 Plan or retained by the Company as full or partial payment to the Company for the purchase of an award or to satisfy tax withholding obligations in connection with an award shall no longer again be made available for issuance under the 2016 Plan. Employee Stock Purchase Plan 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 and the purchase date. The duration of each offering period is generally six-months. In April 2022, the Company approved an amendment to the plan to increase the number of shares of common stock authorized for sale under the plan by 1.0 million shares to a total of 3.0 million shares. For the years ended December 31, 2023, 2022, and 2021, the Company recognized ESPP compensation expen se of $ 1.1 million, $ 1.3 million and $ 1.7 million, respectively. Approximately 257,000 shares of common stock were purchased at an average exercise pric e of $ 13.98 in the year ended December 31, 2023. As of December 31, 2023, approximat ely 0.8 million s hares were reserved for future 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 Weighted Aggregate Outstanding as of December 31, 2022 872 $ 30.64 Expired ( 6 ) $ 21.79 Outstanding as of December 31, 2023 866 $ 30.70 4.05 $ — As of December 31, 2023 Vested and expected to vest 866 $ 30.70 4.05 $ — Exercisable Options 866 $ 30.70 4.05 $ — The aggregate intrinsic values in the table above represent the total pre-tax intrinsic values (the difference between the Company’s closing stock price on the last trading day of 2023, or December 29, 2023, and the exercise price, multiplied by the number of shares underlying the in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2023. This amount changes based on the fair market value of the Company’s stock. Total intrinsic value of options exercised for the years ended December 31 2022 and 2021 was $ 0.2 million and $ 6.7 million, respectively. There were no options exercised for the year ended December 31, 2023. The total fair value of options vested during the yea rs ended December 31, 2023, 2022, and 2021 was $ 0.7 million, $ 1.3 million and $ 2.3 million, respectively. The following table summarizes significant ranges of outstanding and exercisable stock options as of December 31, 2023: Options Outstanding Options Exercisable Range of Exercise Prices Shares Weighted- Weighted- Shares Weighted- (In thousands) (In years) (In dollars) (In thousands) (In dollars) $ 18.58 - $ 18.58 17 1.42 $ 18.58 17 $ 18.58 $ 19.32 - $ 19.32 17 0.42 $ 19.32 17 $ 19.32 $ 19.99 - $ 19.99 2 0.31 $ 19.99 2 $ 19.99 $ 23.48 - $ 23.48 31 2.23 $ 23.48 31 $ 23.48 $ 25.37 - $ 25.37 152 3.11 $ 25.37 152 $ 25.37 $ 26.61 - $ 26.61 369 5.06 $ 26.61 369 $ 26.61 $ 38.32 - $ 38.32 25 4.59 $ 38.32 25 $ 38.32 $ 41.67 - $ 41.67 253 3.74 $ 41.67 253 $ 41.67 $ 18.58 - $ 41.67 866 4.05 $ 30.70 866 $ 30.70 RSU Activity RSU activity was as follows: (In thousands, except per share amounts) Number Weighted Average Grant Date Fair Value Per Share Weighted Average Outstanding as of December 31, 2022 1,546 $ 27.82 Granted 773 $ 17.32 Vested ( 649 ) $ 27.36 Cancelled ( 103 ) $ 24.72 Outstanding as of December 31, 2023 1,567 $ 22.83 1.35 $ 22,844 The total fair value of RSUs vested during the years ended December 31, 2023, 2022 and 2021 was $ 9.2 million, $ 14.6 million and $ 24.3 million, respectively. The grant date fair value of RSUs vested during the years ended December 31, 2023, 2022 and 2021 w as $ 17.8 million , $ 21.5 million and $ 20.4 million, respectively. Performance Shares Activity Starting from 2020, the Company’s executive officers were granted performance shares each year 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, 2020 141 $ 28.22 Granted 152 $ 37.58 Vested — — Cancelled — — Outstanding as of December 31, 2021 293 $ 33.07 Granted 145 $ 22.37 Vested — — Cancelled ( 8 ) $ 27.17 Outstanding as of December 31, 2022 430 $ 29.38 Granted 145 $ 14.44 Vested — — Cancelled ( 158 ) $ 27.85 Outstanding as of December 31, 2023 417 $ 24.76 Valuation and Expense Information The Company measures stock-based compensation at the grant date based on the estimated fair value of the award. Estimated compensation cost relating to RSUs and performance shares is based on the closing fair market value of the Company’s common stock on the date of grant. The fair value of options granted and the purchase rights granted under the ESPP is estimated on the date of grant using a Black-Scholes-Merton option valuation model that uses the assumptions noted in the following table. The estimated expected term of options granted is derived from historical data on employee exercise and post-vesting employment termination behavior. The risk-free interest rate of options granted and the purchase rights granted under the ESPP is based on the implied yield currently available on U.S. Treasury securities with a remaining term commensurate with the estimated expected term. Expected volatility of options granted under the 2016 Plan and the purchase rights granted under the ESPP is based on historical volatility over the most recent period commensurate with the estimated expected term. The Company has never declared or paid cash dividends on its capital stock and does not anticipate paying cash dividends in the foreseeable future. No stock options were granted during the years ended December 31, 2023, 2022 and 2021. The following table sets forth the weighted-average assumptions used to estimate the fair value of purchase rights granted under the ESPP: Year Ended December 31, 2023 2022 2021 Expected life (in years) 0.5 0.5 0.5 Risk-free interest rate 5.19 % 2.25 % 0.05 % Expected volatility 35.8 % 39.6 % 40.8 % Dividend yield — — — 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 consolidated statements of operations: Year Ended December 31, (In thousands) 2023 2022 2021 Cost of revenue $ 1,405 $ 1,353 $ 2,103 Research and development 3,935 4,177 5,161 Sales and marketing 5,336 5,603 7,628 General and administrative 7,262 6,601 11,103 Total $ 17,938 $ 17,734 $ 25,995 Total stock-based compensation cost capitalized in inventory was less than $ 0.9 million as of each of the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2 023, $ 27.8 million of unrecognized compensation cost related to unvested RSUs and performance shares is expected to be recognized over a weighted-average period of 2.2 years. If there are any modifications or cancellations of the underlying unvested awards, the Company may be required to accelerate, increase or cancel all or a portion of the remaining unearned stock-based compensation expense.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Information	Note 11. Segment 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 NETGEAR for Business: • Connected Home: Focuses on consumers and provides high-performance, dependable and easy-to-use premium WiFi networking solutions such as WiFi 6, WiFi 6E and WiFi 7 Tri-band and Quad-band mesh systems, 4G/5G mobile products, smart devices such as Meural digital displays, and subscription services that provide consumers a range of value-added services focused on performance, security, privacy and premium support; and • NETGEAR for Business: Focuses on 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. Segment contribution income 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, change in fair value of contingent consideration, 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 to income (loss) before income taxes is as follows: Year ended December 31, (In thousands) 2023 2022 2021 Net Revenue: Connected Home $ 446,865 $ 558,823 $ 853,472 NETGEAR for Business 293,975 373,649 314,601 Total net revenue $ 740,840 $ 932,472 $ 1,168,073 Contribution Income (loss): Connected Home $ 19,052 $ ( 8,539 ) $ 116,889 Contribution margin 4.3 % ( 1.5 )% 13.7 % NETGEAR for Business $ 58,532 $ 75,790 $ 62,136 Contribution margin 19.9 % 20.3 % 19.8 % Total segment contribution income $ 77,584 $ 67,251 $ 179,025 Corporate and unallocated costs ( 87,453 ) ( 82,888 ) ( 83,883 ) Amortization of intangibles (1) ( 257 ) ( 514 ) ( 1,897 ) Stock-based compensation expense ( 17,938 ) ( 17,734 ) ( 25,995 ) Change in fair value of contingent consideration — — 3,003 Goodwill impairment — ( 44,442 ) — Intangibles impairment ( 1,071 ) — — Restructuring and other charges ( 3,962 ) ( 4,577 ) ( 3,341 ) Litigation reserves, net ( 178 ) ( 20 ) ( 315 ) Other income (expenses), net (2) 14,139 902 ( 1,093 ) Income (loss) before income taxes $ ( 19,136 ) $ ( 82,022 ) $ 65,504 (1) Amounts excluded amortization expense related to patents within purchased intangibles in cost of revenue. (2) Amounts included gain/(loss), net from litigation settlement of $ 6.0 million for the year ended December 31, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 0.3 million, $ 2.7 million and $ 4.2 million, for the years ended December 31, 2023, 2022 and 2021, 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: Year Ended December 31, (In thousands) 2023 2022 2021 United States (U.S.) $ 489,968 $ 598,649 $ 759,865 Americas (excluding U.S.) 14,381 18,562 26,461 EMEA (1) 148,922 179,358 229,829 APAC (1) 87,569 135,903 151,918 Total net revenue $ 740,840 $ 932,472 $ 1,168,073 _______________________ (1) No individual country, other than disclosed above, represented more than 10 % of the Company’s total net revenue in the periods presented. Long-lived assets by Geographic Region The following table represents 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) December 31, 2023 December 31, 2022 United States (U.S.) $ 25,051 $ 32,142 Americas (excluding U.S.) 4,782 2,367 EMEA 3,739 3,564 Singapore 6,218 4,032 APAC (excluding Singapore) (1) 5,768 7,988 Total $ 45,558 $ 50,093 _______________________ (1) No individual country, other than disclosed above, represented more than 10 % of the Company’s total long-lived assets in the periods presented. Significant Customers For the year ended December 31, 2023, the Company had two customers, that each individually accounted for 17 % and 12 % of net revenue. For the year ended December 31, 2022, the Company had two customers, that each individually accounted for 15 % and 11 % of net revenue. For the year ended December 31, 2021, the Company had two customers, that each individually accounted for 15 % and 13 % of net revenue. All of the customers were primarily within the Connected Home segment.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12. Fair Value Measurements The Company determines the fair values of its financial instruments based on a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The classification of a financial asset or liability within the hierarchy is based upon the lowest level input that is significant to the fair value measurement. The fair value hierarchy prioritizes the inputs into three levels that may be used to measure fair value: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). The following tables summarize assets and liabilities measured at fair value on a recurring basis: December 31, 2023 (In thousands) Total Quoted market Significant Assets: Cash equivalents: money-market funds $ 25,986 $ 25,986 $ — Available-for-sale investments: U.S. treasury securities (1) 98,454 — 98,454 Trading securities: mutual funds (1) 8,304 8,304 — Available-for-sale investments: convertible debt securities (2) 173 — 173 Foreign currency forward contracts (3) 291 — 291 Total assets measured at fair value $ 133,208 $ 34,290 $ 98,918 Liabilities: Foreign currency forward contracts (4) $ 1,691 $ — $ 1,691 Total liabilities measured at fair value $ 1,691 $ — $ 1,691 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 consolidated balance sheets. (2) $ 173,000 included in Short-term investments and the remaining included in Other non-current assets on the Company’s consolidated balance sheets for the year ended December 31, 2022. (3) Included in Prepaid expenses and other current assets on the Company’s consolidated balance sheets . (4) Included in Other accrued liabilities on the Company’s 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	12 Months Ended
	Dec. 31, 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 consolidated statements of operations. Accrued restructuring and other charges are classified within Accrued employee compensation and Other accrued liabilities on the consolidated balance sheets. Restructuring and other charges recognized in fiscal years 2023 and 2022 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. Restructuring and other charges recognized in fiscal year 2021 were primarily for severance, and other costs in relation to the consolidation of offices in the APAC region and the reorganization of our supply chain function to gain some cost efficiencies. The liabilities as of December 31, 2023 are expected to be settled in 2024. The following table provides a summary of the activity related to accrued restructuring and other charges: Employee Lease contract Total (In thousands) Balance as of December 31, 2020 $ 87 $ 227 $ 314 Additions 2,910 513 3,423 Cash payments ( 2,913 ) ( 578 ) ( 3,491 ) Adjustments ( 84 ) ( 139 ) ( 223 ) Balance as of December 31, 2021 - 23 23 Additions 4,600 - 4,600 Cash payments ( 2,714 ) - ( 2,714 ) Adjustments 26 ( 23 ) 3 Balance as of December 31, 2022 1,912 - 1,912 Additions 3,834 631 4,465 Cash payments ( 5,384 ) ( 579 ) ( 5,963 ) Adjustments ( 105 ) ( 22 ) ( 127 ) Balance as of December 31, 2023 $ 257 $ 30 $ 287

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Note 14. Leases The Company leases office space, cars, distribution centers and equipment under non-cancellable operating lease arrangements with various expiration dates through December 2037 . The leases have remaining lease terms of approximately 1 year to 14 years, some of which include options to extend for up to a further 5 years, and some of which include options to terminate prior to completion of the contractual lease term with or without penalties. The Company determines the duration of the lease arrangement giving thought to whether or not it is reasonably certain that the Company will exercise options to extend or terminate the lease arrangement ahead of its contractual term. The leases do not contain any material residual value guarantees. The components of lease cost were as follows: Year End December 31, 2023 2022 2021 (In Thousands) Operating lease cost $ 12,586 $ 11,067 $ 9,208 Short-term lease cost 305 297 563 Total lease cost (1) $ 12,891 $ 11,364 $ 9,771 _______________________ (1) Included in cost of revenue, sales and marketing, research and development and general and administration in the Company’s consolidated statement of operations. Supplemental cash flow information related to leases was as follows: Year End December 31, 2023 2022 2021 (In Thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows relating to operating leases $ 12,697 $ 9,907 $ 9,474 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 6,987 $ 26,511 $ 1,773 Supplemental balance sheet information related to leases was as follows: As of December 31, 2023 2022 Weighted Average Remaining Lease Term (in years) Operating leases 4.6 4.6 Weighted Average Discount Rate Operating leases 5.8 % 4.9 % As of December 31, 2023, maturities of operating lease liabilities were as follows (in thousands): Operating Lease 2024 $ 13,814 2025 11,627 2026 8,452 2027 7,789 2028 1,451 Thereafter 5,422 Total lease payments 48,555 Less imputed interest ( 6,988 ) Total $ 41,567

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II—Valuation a nd Qualifying Accounts Balance at Other Additions Deductions Balance at (In thousands) Allowance for doubtful accounts: Year ended December 31, 2023 $ 397 $ — $ — $ ( 59 ) $ 338 Year ended December 31, 2022 399 — — ( 2 ) 397 Year ended December 31, 2021 $ 1,081 $ — $ 12 $ ( 694 ) $ 399

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All inter-company accounts and transactions have been eliminated in the consolidation of these subsidiaries.
Fiscal periods	Fiscal periods 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.
Use of estimates	Use of estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. As of the date of issuance of these 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 consolidated financial statements as soon as they become known.
Cash and cash equivalents	Cash and cash equivalents The Company considers all highly liquid investments with an original maturity or a remaining maturity at the time of purchase of three months or less to be cash equivalents. The Company deposits cash and cash equivalents with high credit quality financial institutions.
Investments	Investments Short-term investments are partially comprised of marketable and convertible debt securities that consist of government and private company debts with an original maturity or a remaining maturity at the time of purchase, of greater than three months and no more than 12 months. These debt securities are classified as available-for-sale securities in accordance with the provisions of the authoritative guidance for investments and are carried at fair value with unrealized gains and losses reported as a separate component of stockholders’ equity. Credit losses on available-for-sale debt securities with unrealized losses are recognized as allowances for credit losses limited to the amount by which fair value is below amortized cost. The Company also has a short-term investment in corporate equity securities issued by a publicly held company. This investment is recorded at fair market value with unrealized gains and losses included in Other income (expenses), net in the consolidated statements of operations. Short-term investments also include marketable securities related to deferred compensation under the Company’s Deferred Compensation Plan. Mutual funds are the only investments allowed in the Company’s Deferred Compensation Plan and the investments are held in a grantor trust formed by the Company. The Company has classified these investments as trading securities as the grantor trust actively manages the asset allocation to match the participants’ notional fund allocations. These securities are recorded at fair market value with unrealized gains and losses included in Other income (expenses), net in the consolidated statements of operations. Long-term investments are comprised of equity investments without readily determinable fair values, investments in convertible debt securities and investments in limited partnership funds, and are included in Other non-current assets on the consolidated balance sheets. Equity investments without readily determinable fair values are accounted for at cost, less impairment and adjusted for subsequent observable price changes obtained from orderly transactions for identical or similar investments issued by the same investee. Such changes in the basis of the equity investment are recognized in Other income (expenses), net in the consolidated statements of operations. The Company does not have a controlling interest or the ability to exercise significant influence over these investees and these investments do not have readily determinable fair values. Investments in convertible debt securities are carried at fair value with unrealized gains and losses reported as a separate component of stockholders’ equity. Investments in limited partnership funds amounted to $ 2.3 million and $ 1.7 million as of December 31, 2023 and 2022, respectively, which are measured at fair value using the net asset value practical expedient. Changes in the fair value of these investments are recognized in Other income (expenses), net in the consolidated statements of operations.
Certain risks and uncertainties	Certain risks and uncertainties The Company’s products are concentrated in the networking and smart connected industries, which are characterized by rapid technological advances, changes in customer requirements and evolving regulatory requirements and industry standards. The success of the Company depends on management’s ability to anticipate and/or to respond quickly and adequately to such changes. Any significant delays in the development or introduction of products could have a material adverse effect on the Company’s business and operating results. The Company relies on a limited number of third parties to manufacture all of its products. If any of the Company’s third-party manufacturers cannot or will not manufacture its products in required volumes, on a cost-effective basis, in a timely manner, or at all, the Company will have to secure additional manufacturing capacity. Any interruption or delay in manufacturing could have a material adverse effect on the Company’s business and operating results.
Derivative financial instruments	Derivative financial instruments The Company uses foreign currency forward contracts that generally mature within six months of inception to manage the exposures to foreign exchange risk related to expected future cash flows on certain forecasted revenue, cost of revenue, operating expenses, and on certain existing assets and liabilities. Under its foreign currency risk management strategy, the Company utilizes derivative instruments to reduce the impact of currency exchange rate movements on the Company’s operating results by offsetting gains and losses on the forward contracts with increases or decreases in foreign currency transactions. The Company does not use derivative financial instruments for speculative purposes. The Company accounts for its derivative instruments as either assets or liabilities and records them at fair value. The Company has entered into master netting arrangements which allow net settlements under certain conditions. Although netting is permitted, it is currently the Company’s policy and practice to record all derivative assets and liabilities on a gross basis on the consolidated balance sheets. Derivatives that are not designated as hedges under the authoritative guidance for derivatives are adjusted to fair value through earnings. For derivative instruments that hedge the exposure to variability in expected future cash flows and are designated as cash flow hedges, the gains or losses on the derivative instrument are reported as a component of accumulated other comprehensive income in stockholders’ equity and reclassified into the same line item in the statement of operations as the hedged transaction, and in the same period that the hedged transaction effects earnings. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions.
Concentration of credit risk	Concentration of credit risk Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and cash equivalents, short-term investments and accounts receivable. The Company believes that there is minimal credit risk associated with the investment of its cash and cash equivalents and short-term investments, due to the restrictions placed on the type of investment that can be entered into under the Company’s investment policy. The Company’s short-term investments consist of investment-grade securities, and the Company’s cash and investments are held and managed by recognized financial institutions. The Company’s customers are primarily distributors as well as retailers and broadband service providers who sell or distribute the products to a large group of end-users. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of the Company’s customers to make required payments. The Company regularly performs credit evaluations of the Company’s customers’ financial condition and considers factors such as historical experience, credit quality, age of the accounts receivable balances, geographic or country-specific risks and current economic conditions that may affect customers’ ability to pay. The Company does not require collateral from its customers. As of December 31, 2023, Best Buy, Inc. and affiliates and Amazon and affiliates accounted for approximately 21 % and 11 % of the Company’s total accounts receivable, respectively. As of December 31, 2022, Best Buy, Inc. and affiliates, AT&T Inc. and affiliates, and Amazon and affiliates accounted for approximately 19 %, 16 % and 16 % of the Company’s total accounts receivable, respectively. N o other customers accounted for 10 % or greater of the Company’s total accounts receivable. The Company is exposed to credit loss in the event of nonperformance by counterparties to the foreign currency forward contracts used to mitigate the effect of foreign currency exchange rate changes. The Company believes the counterparties for its outstanding contracts are large, financially sound institutions and thus, the Company does not anticipate nonperformance by these counterparties. In the event of turbulence or the onset of a financial crisis in financial markets, the failure of counterparties cannot be ruled out.
Fair value measurements	Fair value measurements The carrying amounts of the Company’s financial instruments, including cash equivalents, short-term investments, accounts receivable, and accounts payable approximate their fair values due to their short maturities. Foreign currency forward contracts are recorded at fair value based on observable market data. Refer to Note 12, Fair Value Measurements, in Notes to Consolidated Financial Statements for disclosures regarding fair value measurements in accordance with the authoritative guidance for fair value measurements and disclosures.
Allowance for doubtful accounts	Allowance for doubtful accounts The Company maintains an allowance for doubtful accounts for estimated credit losses resulting from the inability of its customers to make required payments and reviews it quarterly . The Company determines expected credit losses by performing credit evaluations of its customers’ financial condition, establishing specific reserves for customers in an adverse financial condition and adjusting for its expectations of changes in conditions that may impact the collectability of outstanding receivables . The Company considers factors such as historical experience, credit quality, age of the accounts receivable balances, and geographic or country-specific risks. If the financial condition of the Company’s customers should deteriorate or if actual defaults are higher than the Company’s historical experience, additional allowances may be required, which could have an adverse impact on operating expenses.
Inventories	Inventories Inventories consist primarily of finished goods which are valued at the lower of cost and net realizable value, with cost being determined using the first-in, first-out method. On a quarterly basis, the Company assesses the value of the inventory and writes down its value for estimated excess and obsolete inventory based upon assumptions about the future demand by reviewing inventory quantities on hand and on order under non-cancelable purchase commitments in comparison to the Company’s estimated forecast of product demand to determine what inventory, if any, is not saleable at or above cost. The Company’s analysis is primarily based on the demand forecast which takes into account market conditions, product development plans, product life expectancy and other factors. At the point of loss recognition, a new, lower cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase of the newly established cost basis.
Property and equipment, net	Property and equipment, net Property and equipment are stated at historical cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows: Computer equipment 2 years Furniture and fixtures 5 years Software 2 - 5 years Machinery and equipment 2 - 3 years Leasehold improvements Shorter of the lease term or 5 years Recoverability of assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. The carrying value of the asset is reviewed on a regular basis for the existence of facts, both internal and external, that may suggest impairment.
Leases	Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, other accrued liabilities, and operating lease liabilities on the consolidated balance sheets. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. For certain office leases, the Company accounts for the lease and non-lease components as a single lease component to the extent that the timing and pattern of transfer are similar for the lease and non-lease components and the lease component qualifies as an operating lease. Lease expense is recognized on a straight-line basis over the lease term. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Generally, the implicit rate of interest in arrangements is not readily determinable and the Company utilizes its incremental borrowing rate in determining the present value of lease payments. The Company’s incremental borrowing rate is a hypothetical rate based on a benchmark interest rate adjusted for its specific credit risk. The operating lease ROU asset includes any lease payments made and excludes lease incentives.
Goodwill	Goodwill Goodwill represents the purchase price over estimated fair value of net assets of businesses acquired in a business combination. Goodwill acquired in a business combination is not amortized, but instead tested for impairment at least annually on the first day of the fourth quarter. Should certain events or indicators of impairment occur between annual impairment tests, the Company performs the impairment test as those events or indicators occur. Examples of such events or circumstances include the following: a significant decline in the Company’s expected future cash flows; a sustained, significant decline in the Company’s stock price and market capitalization; a significant adverse change in the business climate; and slower growth rates. Goodwill is tested for impairment at the reporting unit level by first performing a qualitative assessment to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of the reporting unit is less than its carrying value. The qualitative assessment considers the following factors: macroeconomic conditions, industry and market considerations, cost factors, overall company financial performance, events affecting the reporting units, and changes in the Company’s share price. If the reporting unit does not pass the qualitative assessment, the Company estimates its fair value and compares the fair value with the carrying value of its reporting unit, including goodwill. If the fair value is greater than the carrying value of its reporting unit, no impairment is recorded. If the fair value is less than the carrying value, an impairment loss is recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. The impairment charge would be recorded to earnings in the consolidated statements of operations.
Intangibles, net	Intangibles, net Purchased intangibles with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from three to ten years . Finite-lived intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition.
Revenue Recognition	Revenue Recognition Revenue from contracts with customers is recognized when control of the promised goods or services is transferred to the customers at the amount that reflects the consideration that the Company expects to be entitled to in exchange for those goods or services. The Company derives its revenue primarily from product sales, consisting of sales of Connected Home and NETGEAR for Business hardware products to its customers - retailers, distributors and service providers. Revenue is recognized at a point in time when control of the goods is transferred to the customer, generally occurring upon shipment or delivery dependent upon the terms of the underlying contract or once the risk of loss has been transferred to the customer. The Company evaluates its customers’ ability to pay based on various factors like historical payment experience, financial metrics and customer credit scores. Payment is collected within a short period of time from the date control over the product is transferred to the customer or after commencement of services. Revenue for services relates primarily to sales of subscriptions of the Company’s value-added services, including security and privacy, parental controls and remote network management as well as advanced technical support and extended warranty. Service revenue is generally recognized over time on a ratable basis over the contract term beginning when the customer is expected to activate their account. Service contracts are generally for 30 days or 12 months in length, billed either monthly or annually and generally in advance. The technical support services consist of telephone and internet access to technical support personnel, extended warranty, which consists of hardware replacement and updates to software features provided on a when and if available basis. All such service or support sales are typically recognized using an input measure of progress by looking at the time elapsed and based on the customer receiving the benefit throughout the contract period. To date, services revenue has not represented a significant percentage of our total revenue. Revenue from all sale types is recognized at the transaction price and is calculated as selling price net of variable consideration which may include estimates for future returns, sales incentives and price protection. The Company uses the expected value method to arrive at the amount of variable consideration which is based on management’s analysis of historical and anticipated returns information, sell through and channel inventory levels, current economic trends, and changes in customer demand. The Company’s standard obligation to its direct customers generally provides for a full refund in the event that such product is not merchantable or is found to be damaged or defective. Certain distributors and retailers generally have the right to return product for stock rotation purposes as well. At the time the Company records the reduction to revenue, the Company includes within cost of revenue a write-down to reduce the carrying value of such products to net realizable value. In addition to channel returns, sales incentive programs offer certain reimbursement rights to qualified distributors and retailers for marketing expenditures. Distinct goods or service received in exchange for payment from a customer are accrued within operating expenses or cost of revenue as appropriate, otherwise expenditures are recorded as a reduction of revenue. The Company provides price protections in limited cases, with variable consideration assessed based on customary business practice such as anticipated price decreases, historical pricing information and customer claims processing. For products sold with third-party services where the Company obtains control of the products and/or service before transferring it to the customer, the Company recognizes revenue based on the gross amount billed to customers. The Company recognizes revenue on a net basis when the Company is acting as an agent between the customer and the vendor. The Company considers several factors in determining when it obtains control, such as determining the responsible party for fulfillment of the services, whether the Company has inventory risk before the service is transferred or if it has discretion to establish pricing for the third-party services. Contracts with Multiple Performance Obligations Some of the Company’s contracts with customers contain multiple promised goods or services. Such contracts may include hardware products with embedded software and other various software subscription services and support. For these contracts, the Company evaluates whether each deliverable is a distinct promise and if so, accounts for the promises separately as individual performance obligations. If a promised good or service is not distinct in accordance with the revenue guidance, the Company combines that good or service with the other promised goods or services in the arrangement and accounts for it as a distinct good. The embedded software on most of the hardware products is not considered distinct and therefore the combined hardware and incidental software are treated as one performance obligation and recognized at the point in time when control of product transfers to the customer. Services included with certain hardware products are considered distinct, as a customer can benefit from the product without these services and, therefore, the hardware and service are treated as separate performance obligations. Revenue is allocated among the performance obligations based on their relative standalone selling prices. Standalone selling prices are generally determined based on the prices charged to customers or using an adjusted market assessment. The estimated standalone selling price is directly observable from those sales based on a range of prices and may include using information such as prices charged for similar offerings, estimated costs to provide the performance obligation and other observable inputs. Deferred Revenue Deferred revenue consists of service and support fees due in advance of satisfying performance. The majority of the Company’s deferred revenue balance consists of the unrecognized portion of service revenue from its value-added services, including cyber security, parental controls and remote network management services as well as advanced technical support and extended warranty, which is recognized as revenue ratably over the contractual service period. Performance obligations expected to be fulfilled within one year are classified as current liabilities and the remaining are recorded as noncurrent liabilities. Warranties Hardware products regularly include warranties to the end customers that consist of bug fixes, minor updates such that the product continues to function according to published specs in a dynamic environment, and phone support. These standard warranties are assurance type warranties and do not offer any services beyond the assurance that the product will continue working as specified. Therefore, warranties are not considered separate performance obligations in the arrangement. Instead, the expected cost of product warranty is accrued as expense at the time we recognize revenue in accordance with authoritative guidance. Extended warranties are sold separately and include additional support services. The transaction price for extended warranties is accounted for as service revenue and recognized over the life of the contract. Shipping and Handling Shipping and handling fees billed to customers are included in Net revenue. Shipping and handling costs associated with inbound freight are included in Cost of revenue. In cases where the Company gives a freight allowance to the customer for their own inbound freight costs, such costs are appropriately recorded as a reduction in Net revenue. Shipping and handling costs associated with outbound freight are included in Sales and marketing expenses. The Company has elected to account for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products. Shipping and handling costs associated with outbound freight totaled $ 8.8 million, $ 16.9 million and $ 16.4 million in the years ended December 31, 2023, 2022 and 2021 respectively.
Research and development	Research and development Costs incurred in the research and development of new products are charged to expense as incurred.
Advertising costs	Advertising costs Advertising costs are expensed as incurred. Total advertising and promotional expenses were $ 28.9 million, $ 27.0 million, and $ 25.2 million in the years ended December 31, 2023, 2022 and 2021 respectively.
Income taxes	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. 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. The Tax Act introduced a new tax on global intangible low-taxed income (GILTI) effective as of January 1, 2018. The Company’s policy is to treat GILTI as a period cost if and when incurred.. In the ordinary course of business there is inherent uncertainty in assessing the Company’s income tax positions. The Company assesses its tax positions and records benefits for all years subject to examination based on management’s evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where it is more likely than not that a tax benefit will be sustained, the Company records the largest amount of tax benefit with a greater than 50 percent likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more likely than not that a tax benefit will be sustained, no tax benefit has been recorded in the financial statements. Where applicable, associated interest and penalties have also been recognized as a component of income tax expense.
Net income (loss) per share	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 per share is computed by dividing the net income 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 awards and performance shares, and issuances of shares under the Employee Stock Purchase Plan, which are reflected in diluted net income per share by application of the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted net income per share when their effect is anti-dilutive.
Stock-based compensation	Stock-based compensation The Company measures stock-based compensation at the grant date based on the fair value of the award. The fair value of stock options and the shares offered under the Employee Stock Purchase Plan (“ESPP”) is estimated using the Black-Scholes option pricing model. Estimated compensation cost relating to restricted stock units (“RSUs”) and performance shares is based on the closing fair market value of the Company’s common stock on the date of grant. The compensation expense for equity awards is recognized over the vesting period of the award under a straight-line vesting method. Forfeitures are accounted for as they occur. In addition, for performance shares, the Company evaluates the probability of achieving the performance conditions at the end of each reporting period and records the related stock-based compensation expense based on performance to date over the service period. All excess tax benefits and tax deficiencies arising from stock awards vesting or settlement are recorded as income tax expense or benefit rather than in equity. Refer to Note 10, Employee Benefit Plans, in Notes to Consolidated Financial Statements for a further discussion on stock-based compensation.
Comprehensive income (loss)	Comprehensive income (loss) Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting stockholder’s equity that the Company excluded from net income (loss), including gains and losses related to fair value of short-term investments and the effective portion of cash flow hedges that were outstanding as of the end of the year.
Foreign currency translation and re-measurement	Foreign currency translation and re-measurement The Company’s functional currency is the U.S. dollar for all of its international subsidiaries. Foreign currency transactions of international subsidiaries are re-measured into U.S. dollars at the end-of-period exchange rates for monetary assets and liabilities, and at historical exchange rates for non-monetary assets. Revenue is re-measured at average exchange rates in effect during each period. Expenses are re-measured at average exchange rates in effect during each period, except for expenses related to non-monetary assets, which are re-measured at historical exchange rates. Gains and losses arising from foreign currency transactions are included in Other income (expenses), net.
Recent accounting pronouncements	Recent accounting pronouncements Accounting Pronouncements Not Yet Effective In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for the Company for the year ended 2024 and early adoption is permitted. Upon adoption, the guidance should be applied retrospectively to all prior periods presented in the financial statements. The Company does not expect that the guidance will have material impacts on its financial position, results of operations or cash flows. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, which improves the transparency of income tax disclosures. ASU 2023-09 is effective for the Company for the year ended December 31, 2025 and early adoption is permitted. Upon adoption, the guidance should be applied retrospectively to all prior periods presented in the financial statements. The Company is evaluating the impact that the updated standard will have on our financial statement disclosures. With the exception of the new standards discussed above, there have been no other new accounting pronouncements that have significance, or potential significance, to the Company’s financial position, results of operations and cash flows.

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Estimated Useful Lives of Property and Equipment, Net	Property and equipment are stated at historical cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows: Computer equipment 2 years Furniture and fixtures 5 years Software 2 - 5 years Machinery and equipment 2 - 3 years Leasehold improvements Shorter of the lease term or 5 years

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Remaining Performance Obligations	The following table includes estimated revenue expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of December 31, 2023: (In thousands) Less than 1 year 1 to 2 years Beyond 2 years Total Performance obligations $ 58,983 $ 2,427 $ 2,486 $ 63,896
Schedule of Contract Balances	The following table reflects the contract balances: (In thousands) Balance Sheet Location December 31, 2023 December 31, 2022 Accounts receivable, net Accounts receivable, net $ 185,059 $ 277,485 Contract liabilities - current Deferred revenue $ 27,091 $ 21,128 Contract liabilities - non-current Other non-current liabilities $ 4,903 $ 3,897
Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel	In the following table, 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 table also includes reconciliations of the disaggregated revenue by reportable segment. The Company operates and reports in two segments: Connected Home, an d NETGEAR for Business (formerly known as Small and Medium Business, or SMB) . Sales and usage-based taxes are excluded from net revenue. Year Ended December 31, 2023 2022 2021 (In thousands) Connected NETGEAR Total Connected NETGEAR Total Connected NETGEAR Total Geographic regions (1) : Americas $ 358,304 $ 146,045 $ 504,349 $ 443,612 $ 173,599 $ 617,211 $ 651,936 $ 134,390 $ 786,326 EMEA 46,083 102,839 148,922 49,732 129,626 179,358 112,368 117,461 229,829 APAC 42,478 45,091 87,569 65,479 70,424 135,903 89,168 62,750 151,918 Total $ 446,865 $ 293,975 $ 740,840 $ 558,823 $ 373,649 $ 932,472 $ 853,472 $ 314,601 $ 1,168,073 Sales channels: Service provider $ 98,659 $ 579 $ 99,238 $ 148,331 $ 4,234 $ 152,565 $ 129,052 $ 2,481 $ 131,533 Non-service provider 348,206 293,396 641,602 410,492 369,415 779,907 724,420 312,120 1,036,540 Total $ 446,865 $ 293,975 $ 740,840 $ 558,823 $ 373,649 $ 932,472 $ 853,472 $ 314,601 $ 1,168,073

Balance Sheet Components (Table

Balance Sheet Components (Tables)	12 Months Ended
	Dec. 31, 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 December 31 , 2023, and December 31, 2022, were as follows: December 31, 2023 (In thousands) Amortized Cost Unrealized Unrealized Estimated U.S. treasury securities $ 98,326 $ 128 $ — $ 98,454 Convertible debt (1) 173 — — 173 Total $ 98,499 $ 128 $ — $ 98,627 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 consolidated balance sheets, $ 173,000 included in Short-term investments as of December 31, 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 December 31, 2023 and 2022, respectively: December 31, 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 $ 98,454 $ — $ — $ — $ 98,454 $ — Total $ 98,454 $ — $ — $ — $ 98,454 $ — 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) December 31, 2023 December 31, 2022 Raw materials $ 19,955 $ 4,549 Finished goods 228,896 295,065 Total $ 248,851 $ 299,614
Schedule of Property and Equipment, Net	Property and equipment, net (In thousands) December 31, 2023 December 31, 2022 Computer equipment $ 5,458 $ 9,648 Furniture, fixtures, and leasehold improvements 18,205 18,642 Software 25,760 30,610 Machinery and equipment 47,826 76,806 Total property and equipment, gross 97,249 135,706 Accumulated depreciation ( 88,976 ) ( 126,481 ) Total $ 8,273 $ 9,225
Schedule of Intangibles, Net	Intangibles, net December 31, 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 Goodwill	Goodwill (In thousands) Connected Home NETGEAR for Business Total As of December 31, 2021 $ 44,442 $ 36,279 $ 80,721 Goodwill impairment charge ( 44,442 ) — ( 44,442 ) As of December 31, 2022 — 36,279 36,279 As of December 31, 2023 $ — $ 36,279 $ 36,279
Schedule of Other Non-Current Assets	Other non-current assets (In thousands) December 31, 2023 December 31, 2022 Non-current deferred income taxes $ 3,343 $ 85,704 Long-term investments 8,367 7,879 Other 5,616 4,210 Total $ 17,326 $ 97,793
Schedule of Changes in Carrying Value of Long-term Equity Investments	Long-term 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 (in thousands): Carrying value, as of December 31, 2021 (1) $ 6,303 Impairment ( 250 ) Carrying value, as of December 31, 2022 (1) 6,053 Carrying value, as of December 31, 2023 $ 6,053 (1) The balances excluded the investment in limited partnership fund of $ 2.3 million , $ 1.7 million and $ 0.9 million, as of December 31, 2023, 2022 and 2021, respectively. Additionally, each of the balances as of December 31, 2022 and 2021 excluded an investment in convertible debt securities of $ 0.2 million.
Schedule of Other Accrued Liabilities	Other accrued liabilities (In thousands) December 31, 2023 December 31, 2022 Current operating lease liabilities $ 11,869 $ 11,012 Sales and marketing 75,535 98,690 Warranty obligations 5,738 6,320 Sales returns (1) 34,824 44,944 Freight and duty 2,837 7,243 Other 37,281 45,267 Total $ 168,084 $ 213,476 ________________________ (1) Inventory expected to be received from future sales returns amounted to $ 16.9 million and $ 21.8 million as of December 31, 2023 and 2022, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $ 9.7 million and $ 11.8 million as of December 31, 2023 and December 31, 2022, respectively.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of the Company's Derivative Instruments and the Line Items on the Consolidated Balance Sheets	The fair values of the Company’s derivative instruments and the line items on the consolidated balance sheets to which they were recorded were summarized as follows: Balance Sheet Balance Sheet (In thousands) Location December 31, December 31, Location December 31, December 31, Derivatives not designated as hedging instruments Prepaid expenses and other current assets $ 284 $ 636 Other accrued liabilities $ 1,672 $ 3,871 Derivatives designated as hedging instruments Prepaid expenses and other current assets 7 16 Other accrued liabilities 19 212 Total $ 291 $ 652 $ 1,691 $ 4,083

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Net Income (Loss) Per Share	Net income (loss) per share consisted of the following: Year Ended December 31, (In thousands, except per share data) 2023 2022 2021 Numerator: Net income (loss) $ ( 104,767 ) $ ( 68,987 ) $ 49,387 Denominator: Weighted average common shares - basic 29,355 29,007 30,241 Potentially dilutive common share equivalent — — 761 Weighted average common shares - dilutive 29,355 29,007 31,002 Basic net income (loss) per share $ ( 3.57 ) $ ( 2.38 ) $ 1.63 Diluted net income (loss) per share $ ( 3.57 ) $ ( 2.38 ) $ 1.59 Anti-dilutive employee stock-based awards, excluded 2,362 1,556 422

Other Income (Expenses), Net (T

Other Income (Expenses), Net (Tables)	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense)	Other income (expenses), net consisted of the following: Year Ended December 31, (In thousands) 2023 2022 2021 Interest income $ 6,842 $ 1,825 $ 157 Foreign currency transaction gain (loss), net ( 6 ) ( 2,335 ) ( 4,848 ) Foreign currency contract gain (loss), net 267 2,692 4,195 Gain (loss) on investments, net ( 8 ) ( 271 ) ( 1,362 ) Gain on litigation settlement 6,000 — — Other 1,044 ( 1,009 ) 765 Total $ 14,139 $ 902 $ ( 1,093 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes	Income before income taxes and the provision for income taxes consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) United States $ ( 33,944 ) $ ( 100,609 ) $ 42,219 International 14,808 18,587 23,285 Total $ ( 19,136 ) $ ( 82,022 ) $ 65,504
Schedule of Components of Income Tax Expense (Benefit)	Year Ended December 31, (In thousands) 2023 2022 2021 Current: U.S. Federal $ 358 $ 3,477 $ 6,198 State 599 1,329 644 Foreign 2,423 4,236 5,000 3,380 9,042 11,842 Deferred: U.S. Federal 65,880 ( 18,761 ) 4,607 State 15,629 ( 3,017 ) 595 Foreign 742 ( 299 ) ( 927 ) 82,251 ( 22,077 ) 4,275 Total $ 85,631 $ ( 13,035 ) $ 16,117
Schedule of Deferred Tax Assets and Liabilities	Net deferred tax assets consisted of the following: Year Ended December 31, (In thousands) 2023 2022 Deferred Tax Assets: Accruals and allowances $ 21,324 $ 22,394 Net operating loss carryforwards 1,770 1,275 Stock-based compensation 2,312 3,074 Operating lease liability 7,315 8,834 Deferred revenue 2,085 1,258 Tax credit carryforwards 935 607 Acquired intangibles 18,664 21,722 Capitalized Research and Development 50,670 33,299 Depreciation and amortization 1,088 1,632 Other 4,392 4,338 Total deferred tax assets 110,555 98,433 Deferred Tax Liabilities: Right of use asset ( 6,179 ) ( 7,695 ) Other ( 1,205 ) ( 984 ) Total deferred tax liabilities ( 7,384 ) ( 8,679 ) Valuation Allowance (1) ( 99,828 ) ( 4,050 ) Net deferred tax assets $ 3,343 $ 85,704 (1) Valuation allowance is presented gross. The valuation allowance net of the federal tax effect was $ 95.7 million and $ 4.0 million for the years ended December 31, 2023 and 2022, respectively .
Schedule of Effective Income Tax Rate Reconciliation	The effective tax rate differed from the applicable U.S. statutory federal income tax rate as follows: Year Ended December 31, 2023 2022 2021 Tax at federal statutory rate 21.0 % 21.0 % 21.0 % State, net of federal benefit ( 3.1 )% 1.7 % 1.4 % Impact of international operations 8.3 % 2.7 % ( 1.8 )% Stock-based compensation ( 2.3 )% ( 2.7 )% 2.9 % Tax credits 5.8 % 1.7 % ( 1.9 )% Valuation allowance ( 474.3 )% ( 0.3 )% 0.3 % Goodwill impairment — % ( 9.6 )% — % State Valuation Allowance Release — % — % — % Base Erosion Anti-Abuse Tax — % — % 3.7 % Transaction Costs — % — % ( 0.9 )% Recognition of previously unrecognized tax benefits ( 0.3 )% 1.8 % 0.0 % Non-deductible License fees ( 1.7 )% ( 0.3 )% 0.1 % Others ( 0.9 )% ( 0.1 )% ( 0.2 )% Provision for income taxes ( 447.5 )% 15.9 % 24.6 %
Schedule of Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (“UTB”) is as follows: (In thousands) Federal, State, Balance as of December 31, 2020 $ 9,542 Additions based on tax positions related to the current year 463 Additions for tax positions of prior years 50 Reductions due to lapse of applicable statutes ( 556 ) Adjustments due to foreign exchange rate movement ( 295 ) Balance as of December 31, 2021 9,204 Additions based on tax positions related to the current year 805 Additions for tax positions of prior years 8 Settlements ( 1,355 ) Reductions due to lapse of applicable statutes ( 554 ) Adjustments due to foreign exchange rate movement ( 174 ) Balance as of December 31, 2022 7,934 Additions based on tax positions related to the current year 426 Additions for tax positions of prior years 533 Reductions due to lapse of applicable statutes ( 507 ) Adjustments due to foreign exchange rate movement 232 Balance as of December 31, 2023 $ 8,618

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Non-cancellable Purchase Commitments Pertaining to Non-trade Activities	As of December 31, 2023, the Company’s non-cancellable purchase commitments pertaining to non-trade activities were as follows (in thousands): 2024 $ 1,823 2025 1,914 2026 2,010 2027 2,111 2028 2,216 Thereafter 3,031 Total $ 13,105
Schedule of Changes in Warranty Obligations	Changes in the Company’s warranty obligations, which is included in Other accrued liabilities on the consolidated balance sheets, were as follows: Year Ended December 31, (In thousands) 2023 2022 2021 Balance as of beginning of the period $ 6,320 $ 6,861 $ 9,240 Provision for warranty liability made 5,105 5,230 4,522 Settlements made ( 5,687 ) ( 5,771 ) ( 6,901 ) Balance as of the end of the period $ 5,738 $ 6,320 $ 6,861

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table sets forth the changes in accumulated other comprehensive income (loss) (“AOCI”) by component: (In thousands) Unrealized Unrealized Estimated tax Total Balance as of December 31, 2020 $ ( 2 ) $ ( 42 ) $ 9 $ ( 35 ) Other comprehensive income (loss) before reclassifications — 668 ( 126 ) 542 Less: Amount reclassified from accumulated other comprehensive income (loss) — 453 ( 95 ) 358 Net current period other comprehensive income (loss) — 215 ( 31 ) 184 Balance as of December 31, 2021 $ ( 2 ) $ 173 $ ( 22 ) $ 149 Other comprehensive income (loss) before reclassifications ( 320 ) ( 704 ) 188 ( 836 ) Less: Amount reclassified from accumulated other comprehensive income (loss) — ( 193 ) 41 ( 152 ) Net current period other comprehensive income (loss) ( 320 ) ( 511 ) 147 ( 684 ) Balance as of December 31, 2022 $ ( 322 ) $ ( 338 ) $ 125 $ ( 535 ) Other comprehensive income (loss) before reclassifications 448 2,337 ( 540 ) 2,245 Less: Amount reclassified from accumulated other comprehensive income (loss) — 1,992 ( 418 ) 1,574 Net current period other comprehensive income (loss) 448 345 ( 122 ) 671 Balance as of December 31, 2023 $ 126 $ 7 $ 3 $ 136
Schedule of Reclassification out of AOCI	The following table provides details about significant amounts reclassified out of each component of AOCI: Year Ended December 31, (In thousands) 2023 2022 2021 Amount Reclassified from AOCI Gains (losses) on cash flow hedge: Foreign currency forward contracts Affected line item in the statement of operations Net revenue $ 2,337 $ ( 218 ) $ 459 Cost of revenue ( 4 ) 3 ( 2 ) Research and development ( 33 ) ( 14 ) 31 Sales and marketing ( 246 ) 40 ( 30 ) General and administrative ( 62 ) ( 4 ) ( 5 ) Total before tax 1,992 ( 193 ) 453 Tax impact ( 418 ) 41 ( 95 ) Total, net of tax $ 1,574 $ ( 152 ) $ 358

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 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 Weighted Aggregate Outstanding as of December 31, 2022 872 $ 30.64 Expired ( 6 ) $ 21.79 Outstanding as of December 31, 2023 866 $ 30.70 4.05 $ — As of December 31, 2023 Vested and expected to vest 866 $ 30.70 4.05 $ — Exercisable Options 866 $ 30.70 4.05 $ —
Schedule of Ranges of Outstanding And Exercisable Stock Options	The following table summarizes significant ranges of outstanding and exercisable stock options as of December 31, 2023: Options Outstanding Options Exercisable Range of Exercise Prices Shares Weighted- Weighted- Shares Weighted- (In thousands) (In years) (In dollars) (In thousands) (In dollars) $ 18.58 - $ 18.58 17 1.42 $ 18.58 17 $ 18.58 $ 19.32 - $ 19.32 17 0.42 $ 19.32 17 $ 19.32 $ 19.99 - $ 19.99 2 0.31 $ 19.99 2 $ 19.99 $ 23.48 - $ 23.48 31 2.23 $ 23.48 31 $ 23.48 $ 25.37 - $ 25.37 152 3.11 $ 25.37 152 $ 25.37 $ 26.61 - $ 26.61 369 5.06 $ 26.61 369 $ 26.61 $ 38.32 - $ 38.32 25 4.59 $ 38.32 25 $ 38.32 $ 41.67 - $ 41.67 253 3.74 $ 41.67 253 $ 41.67 $ 18.58 - $ 41.67 866 4.05 $ 30.70 866 $ 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 Weighted Average Outstanding as of December 31, 2022 1,546 $ 27.82 Granted 773 $ 17.32 Vested ( 649 ) $ 27.36 Cancelled ( 103 ) $ 24.72 Outstanding as of December 31, 2023 1,567 $ 22.83 1.35 $ 22,844
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, 2020 141 $ 28.22 Granted 152 $ 37.58 Vested — — Cancelled — — Outstanding as of December 31, 2021 293 $ 33.07 Granted 145 $ 22.37 Vested — — Cancelled ( 8 ) $ 27.17 Outstanding as of December 31, 2022 430 $ 29.38 Granted 145 $ 14.44 Vested — — Cancelled ( 158 ) $ 27.85 Outstanding as of December 31, 2023 417 $ 24.76
Schedule of Weighted Average Assumptions	The following table sets forth the weighted-average assumptions used to estimate the fair value of purchase rights granted under the ESPP: Year Ended December 31, 2023 2022 2021 Expected life (in years) 0.5 0.5 0.5 Risk-free interest rate 5.19 % 2.25 % 0.05 % Expected volatility 35.8 % 39.6 % 40.8 % Dividend yield — — —
Schedule of Total Stock-Based Compensation Expense Resulting from Stock Options, RSUs, Performance Shares and the ESPP	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 consolidated statements of operations: Year Ended December 31, (In thousands) 2023 2022 2021 Cost of revenue $ 1,405 $ 1,353 $ 2,103 Research and development 3,935 4,177 5,161 Sales and marketing 5,336 5,603 7,628 General and administrative 7,262 6,601 11,103 Total $ 17,938 $ 17,734 $ 25,995

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income (loss) Before Income Taxes	Financial information for each reportable segment and a reconciliation of segment contribution income to income (loss) before income taxes is as follows: Year ended December 31, (In thousands) 2023 2022 2021 Net Revenue: Connected Home $ 446,865 $ 558,823 $ 853,472 NETGEAR for Business 293,975 373,649 314,601 Total net revenue $ 740,840 $ 932,472 $ 1,168,073 Contribution Income (loss): Connected Home $ 19,052 $ ( 8,539 ) $ 116,889 Contribution margin 4.3 % ( 1.5 )% 13.7 % NETGEAR for Business $ 58,532 $ 75,790 $ 62,136 Contribution margin 19.9 % 20.3 % 19.8 % Total segment contribution income $ 77,584 $ 67,251 $ 179,025 Corporate and unallocated costs ( 87,453 ) ( 82,888 ) ( 83,883 ) Amortization of intangibles (1) ( 257 ) ( 514 ) ( 1,897 ) Stock-based compensation expense ( 17,938 ) ( 17,734 ) ( 25,995 ) Change in fair value of contingent consideration — — 3,003 Goodwill impairment — ( 44,442 ) — Intangibles impairment ( 1,071 ) — — Restructuring and other charges ( 3,962 ) ( 4,577 ) ( 3,341 ) Litigation reserves, net ( 178 ) ( 20 ) ( 315 ) Other income (expenses), net (2) 14,139 902 ( 1,093 ) Income (loss) before income taxes $ ( 19,136 ) $ ( 82,022 ) $ 65,504 (1) Amounts excluded amortization expense related to patents within purchased intangibles in cost of revenue. (2) Amounts included gain/(loss), net from litigation settlement of $ 6.0 million for the year ended December 31, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 0.3 million, $ 2.7 million and $ 4.2 million, for the years ended December 31, 2023, 2022 and 2021, respectively.
Schedule of Net Revenue by Geography	The following table shows net revenue by geography: Year Ended December 31, (In thousands) 2023 2022 2021 United States (U.S.) $ 489,968 $ 598,649 $ 759,865 Americas (excluding U.S.) 14,381 18,562 26,461 EMEA (1) 148,922 179,358 229,829 APAC (1) 87,569 135,903 151,918 Total net revenue $ 740,840 $ 932,472 $ 1,168,073 _______________________ (1) No individual country, other than disclosed above, 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 represents 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) December 31, 2023 December 31, 2022 United States (U.S.) $ 25,051 $ 32,142 Americas (excluding U.S.) 4,782 2,367 EMEA 3,739 3,564 Singapore 6,218 4,032 APAC (excluding Singapore) (1) 5,768 7,988 Total $ 45,558 $ 50,093 _______________________ (1) No individual country, other than disclosed above, represented more than 10 % of the Company’s total long-lived assets in the periods presented.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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: December 31, 2023 (In thousands) Total Quoted market Significant Assets: Cash equivalents: money-market funds $ 25,986 $ 25,986 $ — Available-for-sale investments: U.S. treasury securities (1) 98,454 — 98,454 Trading securities: mutual funds (1) 8,304 8,304 — Available-for-sale investments: convertible debt securities (2) 173 — 173 Foreign currency forward contracts (3) 291 — 291 Total assets measured at fair value $ 133,208 $ 34,290 $ 98,918 Liabilities: Foreign currency forward contracts (4) $ 1,691 $ — $ 1,691 Total liabilities measured at fair value $ 1,691 $ — $ 1,691 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 consolidated balance sheets. (2) $ 173,000 included in Short-term investments and the remaining included in Other non-current assets on the Company’s consolidated balance sheets for the year ended December 31, 2022. (3) Included in Prepaid expenses and other current assets on the Company’s consolidated balance sheets . (4) Included in Other accrued liabilities on the Company’s 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 Charg_2

Restructuring and Other Charges (Tables)	12 Months Ended
	Dec. 31, 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: Employee Lease contract Total (In thousands) Balance as of December 31, 2020 $ 87 $ 227 $ 314 Additions 2,910 513 3,423 Cash payments ( 2,913 ) ( 578 ) ( 3,491 ) Adjustments ( 84 ) ( 139 ) ( 223 ) Balance as of December 31, 2021 - 23 23 Additions 4,600 - 4,600 Cash payments ( 2,714 ) - ( 2,714 ) Adjustments 26 ( 23 ) 3 Balance as of December 31, 2022 1,912 - 1,912 Additions 3,834 631 4,465 Cash payments ( 5,384 ) ( 579 ) ( 5,963 ) Adjustments ( 105 ) ( 22 ) ( 127 ) Balance as of December 31, 2023 $ 257 $ 30 $ 287

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Summary of Lease Cost and Supplemental Cash Flow Information	The components of lease cost were as follows: Year End December 31, 2023 2022 2021 (In Thousands) Operating lease cost $ 12,586 $ 11,067 $ 9,208 Short-term lease cost 305 297 563 Total lease cost (1) $ 12,891 $ 11,364 $ 9,771 _______________________ (1) Included in cost of revenue, sales and marketing, research and development and general and administration in the Company’s consolidated statement of operations. Supplemental cash flow information related to leases was as follows: Year End December 31, 2023 2022 2021 (In Thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows relating to operating leases $ 12,697 $ 9,907 $ 9,474 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 6,987 $ 26,511 $ 1,773
Summary of Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: As of December 31, 2023 2022 Weighted Average Remaining Lease Term (in years) Operating leases 4.6 4.6 Weighted Average Discount Rate Operating leases 5.8 % 4.9 %
Schedule of Operating Lease Liability Maturities	As of December 31, 2023, maturities of operating lease liabilities were as follows (in thousands): Operating Lease 2024 $ 13,814 2025 11,627 2026 8,452 2027 7,789 2028 1,451 Thereafter 5,422 Total lease payments 48,555 Less imputed interest ( 6,988 ) Total $ 41,567

The Company and Summary of Si_4

The Company and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Customer	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Significant Accounting Policies [Line Items]
Equity investments	$ 8,367	$ 7,879
Subscription contracts, typical length	Service contracts are generally for 30 days or 12 months in length, billed either monthly or annually and generally in advance.
Shipping and handling costs	$ 127,778	139,675	$ 145,961
Advertising and promotional expenses	28,900	27,000	25,200
Limited Partnership Fund
Significant Accounting Policies [Line Items]
Equity investments	2,300	1,700	900
Limited Partnership Fund | Fair Value Measured at Net Asset Value Per Share
Significant Accounting Policies [Line Items]
Equity investments	$ 2,300	1,700
Convertible Debt Securities [Member]
Significant Accounting Policies [Line Items]
Equity investments		$ 200	200
Minimum
Significant Accounting Policies [Line Items]
Finite-lived intangible asset, useful life (in years)	3 years
Maximum
Significant Accounting Policies [Line Items]
Finite-lived intangible asset, useful life (in years)	10 years
Accounts Receivable | Customer Concentration Risk
Significant Accounting Policies [Line Items]
Number of customer | Customer	0
Concentration risk, customer	No other customers accounted for 10% or greater of the Company’s total accounts receivable.
Accounts Receivable | Customer Concentration Risk | Minimum
Significant Accounting Policies [Line Items]
Concentration risk, percentage	10%
Accounts Receivable | Best Buy Inc | Customer Concentration Risk
Significant Accounting Policies [Line Items]
Concentration risk, percentage	21%	19%
Accounts Receivable | Amazon | Customer Concentration Risk
Significant Accounting Policies [Line Items]
Concentration risk, percentage	11%	16%
Accounts Receivable | AT&T | Customer Concentration Risk
Significant Accounting Policies [Line Items]
Concentration risk, percentage		16%
Shipping and Handling
Significant Accounting Policies [Line Items]
Shipping and handling costs	$ 8,800	$ 16,900	$ 16,400
Foreign Exchange Forward | Maximum
Significant Accounting Policies [Line Items]
Derivative, term of contract (in months)	6 months

The Company and Summary of Si_5

The Company and Summary of Significant Accounting Policies (Property and Equipment, Net Schedule of Estimated Useful Lives) (Details)	Dec. 31, 2023
Computer equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Software | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Software | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years

Revenue Recognition (Schedule o

Revenue Recognition (Schedule of Remaining Performance Obligations) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 63,896
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 58,983
Performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 2,427
Performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Performance obligations, amount	$ 2,486
Performance obligations, period

Revenue Recognition (Schedule_2

Revenue Recognition (Schedule of Remaining Performance Obligations) (Details 1) $ in Thousands	Dec. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, amount	$ 63,896

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Segment Region	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Revenue from Contract with Customer [Abstract]
Capitalized contract costs	$ 6,000,000	$ 5,300,000
Capitalized contract costs, impairment	0	0	$ 0
Revenue deferred due to unsatisfied performance obligations	48,400,000	38,500,000	31,900,000
Revenue recognized for satisfaction of performance obligations	41,400,000	33,100,000	28,900,000
Contract with Customer, Liability Included In Beginning Balance, Revenue Recognized	$ 21,500,000	$ 16,900,000	$ 13,600,000
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 Recognition (Schedule_3

Revenue Recognition (Schedule of Contract Balances) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 185,059	$ 277,485
Contract liabilities - current	27,091	21,128
Contract liabilities - non-current	$ 4,903	$ 3,897

Revenue Recognition (Schedule_4

Revenue Recognition (Schedule of Net Revenue Disaggregated by Geographical Region and Sales Channel) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Total net revenue		$ 740,840	$ 932,472	$ 1,168,073
Service provider
Disaggregation of Revenue [Line Items]
Total net revenue		99,238	152,565	131,533
Non-service provider
Disaggregation of Revenue [Line Items]
Total net revenue		641,602	779,907	1,036,540
Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue		446,865	558,823	853,472
Connected Home | Service provider
Disaggregation of Revenue [Line Items]
Total net revenue		98,659	148,331	129,052
Connected Home | Non-service provider
Disaggregation of Revenue [Line Items]
Total net revenue		348,206	410,492	724,420
NETGEAR for Business
Disaggregation of Revenue [Line Items]
Total net revenue		293,975	373,649	314,601
NETGEAR for Business | Service provider
Disaggregation of Revenue [Line Items]
Total net revenue		579	4,234	2,481
NETGEAR for Business | Non-service provider
Disaggregation of Revenue [Line Items]
Total net revenue		293,396	369,415	312,120
Americas
Disaggregation of Revenue [Line Items]
Total net revenue		504,349	617,211	786,326
Americas | Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue		358,304	443,612	651,936
Americas | NETGEAR for Business
Disaggregation of Revenue [Line Items]
Total net revenue		146,045	173,599	134,390
EMEA
Disaggregation of Revenue [Line Items]
Total net revenue	[1]	148,922	179,358	229,829
EMEA | Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue		46,083	49,732	112,368
EMEA | NETGEAR for Business
Disaggregation of Revenue [Line Items]
Total net revenue		102,839	129,626	117,461
APAC
Disaggregation of Revenue [Line Items]
Total net revenue		87,569	135,903	151,918
APAC | Connected Home
Disaggregation of Revenue [Line Items]
Total net revenue		42,478	65,479	89,168
APAC | NETGEAR for Business
Disaggregation of Revenue [Line Items]
Total net revenue		$ 45,091	$ 70,424	$ 62,750
[1] No individual country, other than disclosed above, 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		Dec. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		$ 98,499	$ 74,472
Unrealized Gains		128	0
Unrealized Losses		0	(320)
Estimated Fair Value		98,627	74,152
U.S. Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		98,326	74,120
Unrealized Gains		128	0
Unrealized Losses		0	(320)
Estimated Fair Value		98,454	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 consolidated balance sheets, $ 173,000 included in Short-term investments as of December 31, 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 ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Short-term investments	$ 106,931,000	$ 80,925,000
Other non-current assets	17,326,000	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		12 Months Ended
	Oct. 01, 2023	Apr. 03, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Line Items]
Investments classified as available-for-sale in continuous unrealized loss position			$ 0	$ 320,000
Unrealized losses on available-for-sale securities			0	0	$ 0
Other-than-temporary impairments			0	0	0
Provisions for excess and obsolete inventory			3,168,000	3,657,000	3,877,000
Amortization expense			300,000	500,000	2,000,000
Intangible assets impairment charges			1,071,000	0	0
Equity securities without readily determinable fair value, cumulative downward adjustments for price change and impairment loss			0
Cumulative upward adjustments for price changes			300,000
Goodwill impairment charges			0	44,442,000	0
Goodwill			36,279,000	36,279,000	80,721,000
Connected Home
Balance Sheet Related Disclosures [Line Items]
Intangible assets impairment charges	$ 1,100,000
Goodwill impairment charges		$ 44,400,000	0	44,442,000	0
Goodwill			0	0	44,442,000
Accumulated goodwill impairment charges			44,400,000
NETGEAR for Business
Balance Sheet Related Disclosures [Line Items]
Goodwill impairment charges			0	0	0
Goodwill			36,279,000	$ 36,279,000	$ 36,279,000
Accumulated goodwill impairment charges			$ 0

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	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Estimated Fair Market Value, Less Than 12 Months	$ 98,454	$ 73,800
Gross Unrealized Losses, Less Than 12 Months	0	(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	98,454	73,800
Gross Unrealized Losses, Total	0	(320)
U.S. Treasury Securities
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Estimated Fair Market Value, Less Than 12 Months	98,454	73,800
Gross Unrealized Losses, Less Than 12 Months	0	(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	98,454	73,800
Gross Unrealized Losses, Total	$ 0	$ (320)

Balance Sheet Components (Sch_4

Balance Sheet Components (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Raw materials	$ 19,955	$ 4,549
Finished goods	228,896	295,065
Total	$ 248,851	$ 299,614

Balance Sheet Components (Sch_5

Balance Sheet Components (Schedule of Property and Equipment, Net) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Total property and equipment, gross	$ 97,249	$ 135,706
Accumulated depreciation	(88,976)	(126,481)
Total	8,273	9,225
Computer equipment
Total property and equipment, gross	5,458	9,648
Furniture, fixtures and leasehold improvements
Total property and equipment, gross	18,205	18,642
Software
Total property and equipment, gross	25,760	30,610
Machinery and equipment
Total property and equipment, gross	$ 47,826	$ 76,806

Balance Sheet Components (Prope

Balance Sheet Components (Property and Equipment, Other Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Depreciation and amortization	$ 6.9	$ 9.5	$ 11.7

Balance Sheet Components (Sch_6

Balance Sheet Components (Schedule of Intangibles, Net) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross	$ 70,144,000	$ 70,144,000
Accumulated Amortization	(69,073,000)	(68,815,000)
Intangibles impairment	(1,071,000)	0	$ 0
Net	0	1,329,000
Technology
Finite-Lived Intangible Assets [Line Items]
Gross	59,799,000	59,799,000
Accumulated Amortization	(58,906,000)	(58,692,000)
Intangibles impairment	(893,000)
Net	0	1,107,000
Other
Finite-Lived Intangible Assets [Line Items]
Gross	10,345,000	10,345,000
Accumulated Amortization	(10,167,000)	(10,123,000)
Intangibles impairment	(178,000)
Net	$ 0	$ 222,000

Balance Sheet Components (Sch_7

Balance Sheet Components (Schedule of Goodwill) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 03, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill, beginning balance	$ 80,721,000	$ 36,279,000	$ 80,721,000
Goodwill impairment charge		0	(44,442,000)	$ 0
Goodwill, ending balance		36,279,000	36,279,000	80,721,000
Connected Home
Goodwill [Line Items]
Goodwill, beginning balance	44,442,000	0	44,442,000
Goodwill impairment charge	(44,400,000)	0	(44,442,000)	0
Goodwill, ending balance		0	0	44,442,000
NETGEAR for Business
Goodwill [Line Items]
Goodwill, beginning balance	$ 36,279,000	36,279,000	36,279,000
Goodwill impairment charge		0	0	0
Goodwill, ending balance		$ 36,279,000	$ 36,279,000	$ 36,279,000

Balance Sheet Components (Sch_8

Balance Sheet Components (Schedule of Other Non-Current Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Non-current deferred income taxes	$ 3,343	$ 85,704
Long-term investments	8,367	7,879
Other	5,616	4,210
Total	$ 17,326	$ 97,793

Balance Sheet Components (Sch_9

Balance Sheet Components (Schedule of Changes in Carrying Value of Long-term Investments) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Beginning Balance	[1]	$ 6,053	$ 6,303
Impairment			(250)
Ending Balance		$ 6,053	$ 6,053	[1]
[1] The balances excluded the investment in limited partnership fund of $ 2.3 million , $ 1.7 million and $ 0.9 million, as of December 31, 2023, 2022 and 2021, respectively. Additionally, each of the balances as of December 31, 2022 and 2021 excluded an investment in convertible debt securities of $ 0.2 million.

Balance Sheet Components (Sc_10

Balance Sheet Components (Schedule of Changes in Carrying Value of Long-term Investments) (Parentheticals) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Line Items]
Equity investments	$ 8,367	$ 7,879
Limited partnership fund
Balance Sheet Related Disclosures [Line Items]
Equity investments	$ 2,300	1,700	$ 900
Convertible debt securities
Balance Sheet Related Disclosures [Line Items]
Equity investments		$ 200	$ 200

Balance Sheet Components (Sc_11

Balance Sheet Components (Schedule of Other Accrued Liabilities) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Current operating lease liabilities		$ 11,869	$ 11,012
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]		Total	Total
Sales and marketing		$ 75,535	$ 98,690
Warranty obligations		5,738	6,320
Sales returns	[1]	34,824	44,944
Freight and duty		2,837	7,243
Other		37,281	45,267
Total		$ 168,084	$ 213,476
[1] Inventory expected to be received from future sales returns amounted to $ 16.9 million and $ 21.8 million as of December 31, 2023 and 2022, respectively. Provisions to write down expected returned inventory to net realizable value amounted to $ 9.7 million and $ 11.8 million as of December 31, 2023 and December 31, 2022, respectively.

Balance Sheet Components (Sc_12

Balance Sheet Components (Schedule of Other Accrued Liabilities) (Parentheticals) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Inventory expected to be received from future sales returns	$ 16.9	$ 21.8
Provisions to write down expected returned inventory to net realizable value	$ 9.7	$ 11.8

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Derivative_instrument	Dec. 31, 2022 USD ($)	Dec. 31, 2021
Derivative [Line Items]
Gross amount assets	$ 291	$ 652
Foreign currency forward contracts | Derivatives Not Designated as Hedging Instruments
Derivative [Line Items]
Approximate number of derivatives per quarter | Derivative_instrument	8
Notional amount	$ 2,800
Foreign currency forward contracts | Cash Flow Hedges
Derivative [Line Items]
Approximate number of derivatives per quarter | Derivative_instrument	10
Notional amount	$ 5,500
Estimated term of reclassification from OCI to Income	12 months	12 months	12 months
Maximum | Foreign currency forward contracts
Derivative [Line Items]
Term of derivative contracts	6 months
Maximum | Foreign currency forward contracts | Derivatives Not Designated as Hedging Instruments
Derivative [Line Items]
Term of derivative contracts	3 months
Maximum | Foreign currency forward contracts | 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 Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized assets	$ 291	$ 652
Gross Amounts of recognized liabilities	1,691	4,083
Prepaid expenses and other current assets | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized assets	284	636
Prepaid expenses and other current assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized assets	7	16
Other accrued liabilities | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized liabilities	1,672	3,871
Other accrued liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of recognized liabilities	$ 19	$ 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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income (loss)	$ (104,767)	$ (68,987)	$ 49,387
Denominator:
Weighted average common shares - basic	29,355	29,007	30,241
Potentially dilutive common share equivalent	0	0	761
Weighted average common shares - dilutive	29,355	29,007	31,002
Basic net income (loss) per share	$ (3.57)	$ (2.38)	$ 1.63
Diluted net income (loss) per share	$ (3.57)	$ (2.38)	$ 1.59
Anti-dilutive employee stock-based awards, excluded	2,362	1,556	422

Other Income (Expenses), Net (D

Other Income (Expenses), Net (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Interest income		$ 6,842	$ 1,825	$ 157
Foreign currency transaction gain (loss), net		(6)	(2,335)	(4,848)
Foreign currency contract gain (loss), net		267	2,692	4,195
Gain (loss) on investments, net		(8)	(271)	(1,362)
Gain on litigation settlement		6,000	0	0
Other		1,044	(1,009)	765
Total	[1]	$ 14,139	$ 902	$ (1,093)
[1] Amounts included gain/(loss), net from litigation settlement of $ 6.0 million for the year ended December 31, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 0.3 million, $ 2.7 million and $ 4.2 million, for the years ended December 31, 2023, 2022 and 2021, respectively.

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ (33,944)	$ (100,609)	$ 42,219
International	14,808	18,587	23,285
Income (loss) before income taxes	$ (19,136)	$ (82,022)	$ 65,504

Income Taxes (Schedule of Provi

Income Taxes (Schedule of Provision For Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
U.S. Federal	$ 358	$ 3,477	$ 6,198
State	599	1,329	644
Foreign	2,423	4,236	5,000
Current, Total	3,380	9,042	11,842
Deferred:
U.S. Federal	65,880	(18,761)	4,607
State	15,629	(3,017)	595
Foreign	742	(299)	(927)
Deferred, Total	82,251	(22,077)	4,275
Provision for income taxes	$ 85,631	$ (13,035)	$ 16,117

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets:
Accruals and allowances		$ 21,324	$ 22,394
Net operating loss carryforwards		1,770	1,275
Stock-based compensation		2,312	3,074
Operating lease liability		7,315	8,834
Deferred revenue		2,085	1,258
Tax credit carryforwards		935	607
Acquired intangibles		18,664	21,722
Capitalized Research and Development		50,670	33,299
Depreciation and amortization		1,088	1,632
Other		4,392	4,338
Total deferred tax assets		110,555	98,433
Deferred Tax Liabilities:
Right of use asset		(6,179)	(7,695)
Other		(1,205)	(984)
Total deferred tax liabilities		(7,384)	(8,679)
Valuation Allowance	[1]	(99,828)	(4,050)
Net deferred tax assets		3,343	85,704
Valuation allowance, net of federal tax		$ 95,700	$ 4,000
[1] Valuation allowance is presented gross. The valuation allowance net of the federal tax effect was $ 95.7 million and $ 4.0 million for the years ended December 31, 2023 and 2022, respectively

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Line Items]
Valuation allowance	[1]	$ 99,828,000	$ 4,050,000
Valuation allowance increased		95,700,000
Net current period other comprehensive income (loss)		122,000	147,000	$ 31,000
Possible reduction in liabilities for uncertain tax positions		700,000
Unrecognized tax benefits that would impact effective tax rate		6,200,000
Unrecognized tax benefits, income tax penalties and interest expense		100,000	0	$ 200,000
Unrecognized tax benefits, income tax penalties and interest accrued		2,600,000	$ 2,400,000
Undistributed earnings		8,500,000
Associated tax without consideration of foreign tax credit		1,800,000
US Federal
Income Tax Disclosure [Line Items]
Operating loss carryforwards		$ 300,000
Operating loss carryforwards expiration year		2035
ITALY | Earliest Tax Year
Income Tax Disclosure [Line Items]
Income tax examination, year under examination					2004
ITALY | Latest Tax Year
Income Tax Disclosure [Line Items]
Income tax examination, year under examination					2012
State of California
Income Tax Disclosure [Line Items]
Operating loss carryforwards		$ 900,000
State of California | Tax Year 2016
Income Tax Disclosure [Line Items]
Income tax examination, year under examination		2016
State of California | Tax Year 2017
Income Tax Disclosure [Line Items]
Income tax examination, year under examination		2017
State of California | Tax Year 2018
Income Tax Disclosure [Line Items]
Income tax examination, year under examination		2018
[1] Valuation allowance is presented gross. The valuation allowance net of the federal tax effect was $ 95.7 million and $ 4.0 million for the years ended December 31, 2023 and 2022, respectively

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Tax at federal statutory rate	21%	21%	21%
State, net of federal benefit	(3.10%)	1.70%	1.40%
Impact of international operations	8.30%	2.70%	(1.80%)
Stock-based compensation	(2.30%)	(2.70%)	2.90%
Tax credits	5.80%	1.70%	(1.90%)
Valuation allowance	(474.30%)	(0.30%)	0.30%
Goodwill impairment	0%	9.60%	0%
State Valuation Allowance Release	0%	0%	0%
Base Erosion Anti-Abuse Tax	0%	0%	3.70%
Transaction costs	0%	0%	(0.90%)
Recognition of previously unrecognized tax benefits	(0.30%)	1.80%	0%
Non-deductible License fees	(1.70%)	(0.30%)	0.10%
Others	(0.90%)	(0.10%)	(0.20%)
Provision for income taxes	(447.50%)	15.90%	24.60%

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 7,934	$ 9,204	$ 9,542
Additions based on tax positions related to the current year	426	805	463
Additions for tax positions of prior years	533	8	50
Settlements		(1,355)
Reductions due to lapse of applicable statutes	(507)	(554)	(556)
Adjustments due to foreign exchange rate movement	232	(174)	(295)
Ending balance	$ 8,618	$ 7,934	$ 9,204

Commitments and Contingencies_2

Commitments and Contingencies (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Claim Patent	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Loss Contingencies [Line Items]
Non-cancelable purchase commitments with suppliers	$ 42,600,000	$ 105,100,000
Additional purchase orders beyond contractual termination periods	323,700,000
Losses incurred related to purchase commitments	3,500,000	$ 5,500,000	$ 3,100,000
Liabilities recorded for director and officer indemnification agreements	0
Liabilities recorded for customers, distributors, and resellers indemnification agreements	$ 0
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
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
Huawei v. NETGEAR Inc.
Loss Contingencies [Line Items]
Number of patents | Patent	2
Number of patent infringement cases | Patent	2
46 to 60 Days
Loss Contingencies [Line Items]
Percentage of cancelable orders	50%
31 to 45 Days
Loss Contingencies [Line Items]
Percentage of cancelable orders	25%
Maximum | 46 to 60 Days
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date	60 days
Maximum | 31 to 45 Days
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date	45 days
Minimum | 46 to 60 Days
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date	46 days
Minimum | 31 to 45 Days
Loss Contingencies [Line Items]
Required notice period prior to expected shipment date	31 days

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Non-cancellable Purchase Commitments Pertaining to Non-trade Activities (Details) - Non -Trade Activities $ in Thousands	Dec. 31, 2023 USD ($)
Purchase Obligation Fiscal Year Maturity [Line Items]
2024	$ 1,823
2025	1,914
2026	2,010
2027	2,111
2028	2,216
Thereafter	3,031
Total	$ 13,105

Commitments and Contingencies_4

Commitments and Contingencies (Schedule of Changes in Warranty Obligations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance as of beginning of the period	$ 6,320	$ 6,861	$ 9,240
Provision for warranty liability made	5,105	5,230	4,522
Settlements made	(5,687)	(5,771)	(6,901)
Balance as of the end of the period	$ 5,738	$ 6,320	$ 6,861

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Shares remaining authorized for repurchase (in shares)	2,500,000
Stock repurchased (in shares)	0	1,000,000	2,100,000
Cost of stock repurchased		$ 24,377	$ 75,000
RSU withholdings (in shares)	198,000	202,000	204,000
RSU withholdings	$ 2,793	$ 4,807	$ 7,660

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Estimated tax benefit (provision)
Beginning balance	$ 125,000	$ (22,000)	$ 9,000
Other comprehensive income (loss) before reclassifications	(540,000)	188,000	(126,000)
Less: Amount reclassified from accumulated other comprehensive income (loss)	(418,000)	41,000	(95,000)
Net current period other comprehensive income (loss)	122,000	147,000	31,000
Ending balance	3,000	125,000	(22,000)
AOCI, after tax
Beginning balance	620,855,000	696,815,000	689,384,000
Other comprehensive income (loss) before reclassifications	2,245,000	(836,000)	542,000
Less: Amount reclassified from accumulated other comprehensive income (loss)	1,574,000	(152,000)	358,000
Net current period other comprehensive income (loss)	671,000	(684,000)	184,000
Ending balance	535,495,000	620,855,000	696,815,000
Unrealized gains (losses) on available-for-sale investments
AOCI, before tax
Beginning balance	(322,000)	(2,000)	(2,000)
Other comprehensive income (loss) before reclassifications	448,000	(320,000)	0
Less: Amount reclassified from accumulated other comprehensive income (loss)	0	0	0
Net current period other comprehensive income (loss)	448,000	(320,000)	0
Ending balance	126,000	(322,000)	(2,000)
Unrealized gains (losses) on derivatives
AOCI, before tax
Beginning balance	(338,000)	173,000	(42,000)
Other comprehensive income (loss) before reclassifications	2,337,000	(704,000)	668,000
Less: Amount reclassified from accumulated other comprehensive income (loss)	1,992,000	(193,000)	453,000
Net current period other comprehensive income (loss)	345,000	(511,000)	215,000
Ending balance	7,000	(338,000)	173,000
AOCI
AOCI, after tax
Beginning balance	(535,000)	149,000	(35,000)
Ending balance	$ 136,000	$ (535,000)	$ 149,000

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Net revenue	$ 740,840	$ 932,472	$ 1,168,073
Cost of revenue	491,588	681,923	802,236
Research and development	83,295	88,443	92,967
Sales and marketing	127,778	139,675	145,961
General and administrative	66,243	56,316	59,659
Tax impact	(85,631)	13,035	(16,117)
Total, net of tax	(104,767)	(68,987)	49,387
Amount Reclassified from AOCI
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Net revenue	2,337	(218)	459
Cost of revenue	(4)	3	(2)
Research and development	(33)	(14)	31
Sales and marketing	(246)	40	(30)
General and administrative	(62)	(4)	(5)
Total before tax	1,992	(193)	453
Tax impact	(418)	41	(95)
Total, net of tax	$ 1,574	$ (152)	$ 358

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($)			1 Months Ended			12 Months Ended
	Jan. 31, 2019	May 31, 2018	Apr. 30, 2022	May 31, 2020	Apr. 30, 2016	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation						$ 17,938,000	$ 17,734,000	$ 25,995,000
2006 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration date						Apr. 13, 2016
A2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in number of shares of common stock authorized	3,100,000	1,700,000		2,000,000	2,500,000	2,000,000
Additional shares available for issuance (in shares)					699,827
Number of shares reserved for future grant (in shares)						2,400,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in number of shares of common stock authorized			1,000,000
Number of shares reserved for future grant (in shares)						800,000
Maximum percentage of compensation contributed by employees (in percentage)						10%
Purchase percentage of stock at fair market value (in percentage)						85%
Number of shares authorized (in shares)			3,000,000
Stock-based compensation						$ 1,100,000	1,300,000	1,700,000
Shares purchased under ESPP						257,000
Weighted average price of shares purchased under ESPP (in dollars per share)						$ 13.98
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost capitalized in inventory						$ 900,000	900,000	900,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, exercises in period, intrinsic value						0	200,000	6,700,000
Options, vested in period, total fair value						$ 700,000	1,300,000	2,300,000
Employee Stock Option | A2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term						4 years
Expiration period						10 years
Employee Stock Option | Target Shares Granted | A2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term						12 months
Employee Stock Option | Remaining Tranche | A2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term						3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term						3 years
Performance Shares | A2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term						3 years
Performance Shares | Target Shares Granted | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage vest of performance shares						0%
Performance Shares | Target Shares Granted | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage vest of performance shares						150%
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU aggregate intrinsic value, vested						$ 9,200,000	14,600,000	24,300,000
RSU fair value, vested						17,800,000	$ 21,500,000	$ 20,400,000
Total unrecognized compensation						$ 27,800,000
Weighted-average period of recognition of stock based compensation						2 years 2 months 12 days
Restricted Stock Units (RSUs) | A2016 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term						4 years

Employee Benefit Plans (Schedul

Employee Benefit Plans (Schedule of Stock Option Activity) (Details) - Employee Stock Option $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / 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
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Vested and expected to vest (in shares) | shares	866
Exercisable (in shares) | shares	866
Beginning balance (in dollars per share) | $ / shares	$ 30.64
Expired (in dollar per share) | $ / shares	21.79
Ending balance (in dollars per share) | $ / shares	30.70
Vested and expected to vest, weighted average exercise price (in dollars per share) | $ / shares	30.7
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 30.7
Outstanding, Weighted Average Remaining Contractual Term	4 years 18 days
Vested and expected to vest, weighted average remaining contractual term	4 years 18 days
Exercisable, weighted average remaining contractual term	4 years 18 days
Outstanding, Intrinsic Value | $	$ 0
Vested and expected to vest, aggregate intrinsic value | $	0
Exercisable, intrinsic value | $	$ 0

Employee Benefit Plans (Sched_2

Employee Benefit Plans (Schedule of Ranges of Outstanding And Exercisable Stock Options) (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2023 $ / shares shares
18.58 - $18.58
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	$ 18.58
Exercise price, upper range (USD per share)	$ 18.58
Number of outstanding options (in shares) | shares	17
Outstanding options, weighted-average remaining contractual life	1 year 5 months 1 day
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 18.58
Number of exercisable options (in shares) | shares	17
Exercisable options, weighted-average exercise price (in dollars per share)	$ 18.58
$19.32 - $19.32
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	19.32
Exercise price, upper range (USD per share)	$ 19.32
Number of outstanding options (in shares) | shares	17
Outstanding options, weighted-average remaining contractual life	5 months 1 day
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 19.32
Number of exercisable options (in shares) | shares	17
Exercisable options, weighted-average exercise price (in dollars per share)	$ 19.32
$19.99 - $19.99
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	19.99
Exercise price, upper range (USD per share)	$ 19.99
Number of outstanding options (in shares) | shares	2
Outstanding options, weighted-average remaining contractual life	3 months 21 days
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 19.99
Number of exercisable options (in shares) | shares	2
Exercisable options, weighted-average exercise price (in dollars per share)	$ 19.99
$23.48 - $23.48
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	23.48
Exercise price, upper range (USD per share)	$ 23.48
Number of outstanding options (in shares) | shares	31
Outstanding options, weighted-average remaining contractual life	2 years 2 months 23 days
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 23.48
Number of exercisable options (in shares) | shares	31
Exercisable options, weighted-average exercise price (in dollars per share)	$ 23.48
$25.37 - $25.37
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	25.37
Exercise price, upper range (USD per share)	$ 25.37
Number of outstanding options (in shares) | shares	152
Outstanding options, weighted-average remaining contractual life	3 years 1 month 9 days
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 25.37
Number of exercisable options (in shares) | shares	152
Exercisable options, weighted-average exercise price (in dollars per share)	$ 25.37
$26.61 - $26.61
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	26.61
Exercise price, upper range (USD per share)	$ 26.61
Number of outstanding options (in shares) | shares	369
Outstanding options, weighted-average remaining contractual life	5 years 21 days
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 26.61
Number of exercisable options (in shares) | shares	369
Exercisable options, weighted-average exercise price (in dollars per share)	$ 26.61
$38.32 - $38.32
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	38.32
Exercise price, upper range (USD per share)	$ 38.32
Number of outstanding options (in shares) | shares	25
Outstanding options, weighted-average remaining contractual life	4 years 7 months 2 days
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 38.32
Number of exercisable options (in shares) | shares	25
Exercisable options, weighted-average exercise price (in dollars per share)	$ 38.32
$41.67 - $41.67
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	41.67
Exercise price, upper range (USD per share)	$ 41.67
Number of outstanding options (in shares) | shares	253
Outstanding options, weighted-average remaining contractual life	3 years 8 months 26 days
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 41.67
Number of exercisable options (in shares) | shares	253
Exercisable options, weighted-average exercise price (in dollars per share)	$ 41.67
$18.58 - $41.67
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower range (USD per share)	18.58
Exercise price, upper range (USD per share)	$ 41.67
Number of outstanding options (in shares) | shares	866
Outstanding options, weighted-average remaining contractual life	4 years 18 days
Outstanding options, weighted- average exercise price per share (in dollars per share)	$ 30.7
Number of exercisable options (in shares) | shares	866
Exercisable options, weighted-average exercise price (in dollars per share)	$ 30.7

Employee Benefit Plans (Sched_3

Employee Benefit Plans (Schedule of RSU Activity) (Details) - Restricted Stock Units (RSUs) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Number of Shares
Beginning balance (in shares) | shares	1,546
Granted (in shares) | shares	773
Vested (in shares) | shares	(649)
Cancelled (in shares) | shares	(103)
Ending balance (in shares) | shares	1,567
Weighted Average Grant Date Fair Value Per Share
Beginning Balance (in dollars per share) | $ / shares	$ 27.82
Granted (in dollars per share) | $ / shares	17.32
Vested (in dollars per share) | $ / shares	27.36
Cancelled (in dollars per share) | $ / shares	24.72
Ending Balance (in dollars per share) | $ / shares	$ 22.83
Weighted Average Remaining Contractual Term	1 year 4 months 6 days
Average Intrinsic Value | $	$ 22,844

Employee Benefit Plans (Sched_4

Employee Benefit Plans (Schedule of Performance Shares Activity) (Details) - Performance Shares - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted Average Grant Date Fair Value Per Share
Beginning Balance (in dollars per share)	$ 29.38	$ 33.07	$ 28.22
Granted (in dollars per share)	14.44	22.37	37.58
Vested (in dollars per share)	0	0	0
Cancelled (in dollars per share)	27.85	27.17	0
Ending Balance (in dollars per share)	$ 24.76	$ 29.38	$ 33.07
Number of Shares
Beginning balance (in shares)	430,000	293,000	141,000
Granted (in shares)	145,000	145,000	152,000
Vested (in shares)	0	0	0
Cancelled (in shares)	(158,000)	(8,000)	0
Ending balance (in shares)	417,000	430,000	293,000

Employee Benefit Plans (Sched_5

Employee Benefit Plans (Schedule of Valuation and Expense Information) (Details) - ESPP	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	6 months	6 months	6 months
Risk-free interest rate	5.19%	2.25%	0.05%
Expected volatility	35.80%	39.60%	40.80%
Dividend yield	0%	0%	0%

Employee Benefit Plans (Sched_6

Employee Benefit Plans (Schedule of Total Stock-Based Compensation Expense Resulting from Stock Options, RSUs, Performance Shares and the ESPP) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 17,938	$ 17,734	$ 25,995
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	1,405	1,353	2,103
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	3,935	4,177	5,161
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	5,336	5,603	7,628
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 7,262	$ 6,601	$ 11,103

Segment Information (Narrative)

Segment Information (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 Segment Customer	Dec. 31, 2022 Customer	Dec. 31, 2021 Customer
Segment Reporting Information [Line Items]
Number of operating segments	2
Number of reportable segments	2
Connected Home | Net revenue
Segment Reporting Information [Line Items]
Number of customer | Customer	2	2	2
Connected Home | Net revenue | Customer A | Customer Concentration Risk | Sales Revenue
Segment Reporting Information [Line Items]
Concentration risk, percentage	17%	15%	15%
Connected Home | Net revenue | Customer B | Customer Concentration Risk | Sales Revenue
Segment Reporting Information [Line Items]
Concentration risk, percentage	12%	11%	13%

Segment Information (Schedule o

Segment Information (Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income (loss) Before Income Taxes) (Details) - USD ($)		3 Months Ended		12 Months Ended
		Oct. 01, 2023	Apr. 03, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total net revenue				$ 740,840,000	$ 932,472,000	$ 1,168,073,000
Total segment contribution income				77,584,000	67,251,000	179,025,000
Corporate and unallocated costs				(87,453,000)	(82,888,000)	(83,883,000)
Amortization of intangibles	[1]			(257,000)	(514,000)	(1,897,000)
Stock-based compensation expense				(17,938,000)	(17,734,000)	(25,995,000)
Change in fair value of contingent consideration				0	0	3,003,000
Goodwill impairment charge				0	(44,442,000)	0
Intangibles impairment				(1,071,000)	0	0
Restructuring and other charges				(3,962,000)	(4,577,000)	(3,341,000)
Litigation reserves, net				(178,000)	(20,000)	(315,000)
Other income (expenses), net	[2]			14,139,000	902,000	(1,093,000)
Income (loss) before income taxes				(19,136,000)	(82,022,000)	65,504,000
Connected Home
Segment Reporting Information [Line Items]
Total net revenue				446,865,000	558,823,000	853,472,000
Total segment contribution income				$ 19,052,000	$ (8,539,000)	$ 116,889,000
Segment contribution margin				4.30%	(1.50%)	13.70%
Goodwill impairment charge			$ (44,400,000)	$ 0	$ (44,442,000)	$ 0
Intangibles impairment		$ (1,100,000)
NETGEAR for Business
Segment Reporting Information [Line Items]
Total net revenue				293,975,000	373,649,000	314,601,000
Total segment contribution income				$ 58,532,000	$ 75,790,000	$ 62,136,000
Segment contribution margin				19.90%	20.30%	19.80%
Goodwill impairment charge				$ 0	$ 0	$ 0
[1] Amounts excluded amortization expense related to patents within purchased intangibles in cost of revenue. Amounts included gain/(loss), net from litigation settlement of $ 6.0 million for the year ended December 31, 2023, and gain/(loss), net from derivatives not designated as hedging instruments of $ 0.3 million, $ 2.7 million and $ 4.2 million, for the years ended December 31, 2023, 2022 and 2021, respectively.

Segment Information (Schedule_2

Segment Information (Schedule of Reportable Segments and Reconciliation of Segment Contribution Income to Income (Loss) Before Income Taxes) (Parenthetical) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting [Abstract]
Amount from litigation settlements	$ 6
Gain/(loss), net from derivatives not designated as hedging instruments	$ 0.3	$ 2.7	$ 4.2

Segment Information (Schedule_3

Segment Information (Schedule of Net Revenue by Geographic Areas) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total net revenue		$ 740,840	$ 932,472	$ 1,168,073
United States (U.S.)
Segment Reporting Information [Line Items]
Total net revenue		489,968	598,649	759,865
Americas (excluding U.S.)
Segment Reporting Information [Line Items]
Total net revenue		14,381	18,562	26,461
EMEA
Segment Reporting Information [Line Items]
Total net revenue	[1]	148,922	179,358	229,829
APAC
Segment Reporting Information [Line Items]
Total net revenue		$ 87,569	$ 135,903	$ 151,918
[1] No individual country, other than disclosed above, 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	12 Months Ended
	Dec. 31, 2023
EMEA
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of net revenue	10%
APAC
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of net revenue	10%

Segment Information (Schedule_5

Segment Information (Schedule of Long-Lived Asset by Geographic Region) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		$ 45,558	$ 50,093
United States (U.S.)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		25,051	32,142
Americas (excluding U.S.)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		4,782	2,367
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		3,739	3,564
Singapore
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		6,218	4,032
APAC (excluding Singapore)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	[1]	$ 5,768	$ 7,988
[1] No individual country, other than disclosed above, 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)	12 Months Ended
	Dec. 31, 2023
Maximum | APAC (excluding Singapore)
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of total long-lived assets owned	10%

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Valuation of Company's Financial Instruments by Various Levels) (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value		$ 133,208	$ 107,494
Liabilities measured at fair value		1,691	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		34,290	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		98,918	74,804
Liabilities measured at fair value		1,691	4,083
Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value		25,986	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		25,986	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
U.S. Treasury Securities | Available-for-sale Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	98,454
U.S. Treasury Securities | Available-for-sale Investments | 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
U.S. Treasury Securities | Available-for-sale Investments | 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]	98,454
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
Trading securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]	8,304	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]	8,304	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
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
Corporate Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	[1]		73,800
Corporate Equity 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
Corporate Equity 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]		73,800
Foreign currency forward contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	[3]	291	652
Liabilities measured at fair value	[4]	1,691	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]	291	652
Liabilities measured at fair value	[4]	$ 1,691	$ 4,083
[1] Included in Short-term investments on the Company’s consolidated balance sheets. $ 173,000 included in Short-term investments and the remaining included in Other non-current assets on the Company’s consolidated balance sheets for the year ended December 31, 2022. Included in Prepaid expenses and other current assets on the Company’s consolidated balance sheets Included in Other accrued liabilities on the Company’s 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 ($)	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 106,931,000	$ 80,925,000
Other non-current assets	17,326,000	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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost And Reserve [Line Items]
Beginning balance	$ 1,912	$ 23	$ 314
Additions	$ 4,465	$ 4,600	$ 3,423
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Cash payments	$ (5,963)	$ (2,714)	$ (3,491)
Adjustments	(127)	(3)	(223)
Ending balance	287	1,912	23
Employee Termination Charges
Restructuring Cost And Reserve [Line Items]
Beginning balance	1,912	0	87
Additions	3,834	4,600	2,910
Cash payments	(5,384)	(2,714)	(2,913)
Adjustments	(105)	26	(84)
Ending balance	257	1,912	0
Lease Contract Termination and Other Charges
Restructuring Cost And Reserve [Line Items]
Beginning balance	0	23	227
Additions	631	0	513
Cash payments	(579)	0	(578)
Adjustments	(22)	(23)	(139)
Ending balance	$ 30	$ 0	$ 23

Leases (Narrative) (Details)

Leases (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lease expiration date	December 2037
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	14 years
Operating lease, renewal term option	5 years
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	1 year

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease cost		$ 12,586	$ 11,067	$ 9,208
Short-term Lease, Cost		305	297	563
Total lease cost	[1]	$ 12,891	$ 11,364	$ 9,771
[1] Included in cost of revenue, sales and marketing, research and development and general and administration in the Company’s consolidated statement of operations.

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows relating to operating leases	$ 12,697	$ 9,907	$ 9,474
Lease liabilities arising from obtaining right-of-use assets:
Operating leases	$ 6,987	$ 26,511	$ 1,773

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information) (Details)	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Remaining Lease Term (in years)
Operating leases	4 years 7 months 6 days	4 years 7 months 6 days
Weighted Average Discount Rate
Operating leases	5.80%	4.90%

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities - Topic 842) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 13,814
2025	11,627
2026	8,452
2027	7,789
2028	1,451
Thereafter	5,422
Total lease payments	48,555
Less imputed interest	(6,988)
Total	$ 41,567

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for doubtful accounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	$ 397	$ 399	$ 1,081
Other	0	0	0
Additions	0	0	12
Deductions	(59)	(2)	(694)
Balance at end of year	$ 338	$ 397	$ 399