2020 Q4 Form 10-K Financial Statement

#000156459021006094 Filed on February 16, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $367.1M $378.1M $280.1M
YoY Change 45.1% 42.22% 21.31%
Cost Of Revenue $256.0M $264.6M $198.8M
YoY Change 39.59% 40.25% 20.19%
Gross Profit $111.1M $113.5M $81.30M
YoY Change 59.69% 47.03% 24.23%
Gross Profit Margin 30.27% 30.02% 29.03%
Selling, General & Admin $56.70M $56.30M $49.90M
YoY Change 17.63% 24.07% 10.88%
% of Gross Profit 51.03% 49.61% 61.38%
Research & Development $23.40M $24.50M $21.10M
YoY Change 12.5% 25.4% 12.15%
% of Gross Profit 21.06% 21.59% 25.95%
Depreciation & Amortization $4.700M $3.300M $3.200M
YoY Change -2.08% 10.0% 0.0%
% of Gross Profit 4.23% 2.91% 3.94%
Operating Expenses $77.20M $81.33M $72.40M
YoY Change 10.6% 24.88% 11.18%
Operating Profit $33.92M $32.17M $8.901M
YoY Change -15729.49% 166.61% 2630.37%
Interest Expense $0.00 $100.0K $0.00
YoY Change -100.0% -95.45% -100.0%
% of Operating Profit 0.0% 0.31% 0.0%
Other Income/Expense, Net $400.0K -$417.0K $314.0K
YoY Change -75.0% 3.47% -35.52%
Pretax Income $33.50M $31.75M $9.230M
YoY Change 5483.33% 158.1% 478.68%
Income Tax $2.531M $6.200M $3.200M
% Of Pretax Income 7.56% 19.53% 34.67%
Net Earnings $30.95M $25.54M $5.983M
YoY Change -7468.57% 103.81% 613.11%
Net Earnings / Revenue 8.43% 6.75% 2.14%
Basic Earnings Per Share $1.02 $0.85 $0.20
Diluted Earnings Per Share $0.99 $0.83 $0.20
COMMON SHARES
Basic Shares Outstanding 30.04M 29.62M
Diluted Shares Outstanding 30.74M 30.07M

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $353.3M $306.8M $258.6M
YoY Change 80.53% 78.48% 18.46%
Cash & Equivalents $346.5M $300.5M $252.6M
Short-Term Investments $6.900M $6.300M $5.900M
Other Short-Term Assets $30.70M $31.60M $35.10M
YoY Change -14.25% 1.28% -9.3%
Inventory $172.1M $144.3M $150.6M
Prepaid Expenses
Receivables $337.1M $340.0M $277.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $893.2M $822.7M $721.7M
YoY Change 20.03% 13.21% -6.51%
LONG-TERM ASSETS
Property, Plant & Equipment $16.08M $15.31M $15.54M
YoY Change -9.07% -22.15% -26.28%
Goodwill $80.72M
YoY Change 0.0%
Intangibles $3.899M
YoY Change -61.41%
Long-Term Investments $8.400M $9.100M $9.900M
YoY Change 3.7% 12.35% 22.22%
Other Assets $82.75M $72.95M $72.34M
YoY Change 11.4% 0.44% 1.31%
Total Long-Term Assets $212.9M $205.6M $207.3M
YoY Change 0.55% -4.96% -6.01%
TOTAL ASSETS
Total Short-Term Assets $893.2M $822.7M $721.7M
Total Long-Term Assets $212.9M $205.6M $207.3M
Total Assets $1.106B $1.028B $929.0M
YoY Change 15.72% 9.04% -6.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $90.90M $87.70M $76.10M
YoY Change 12.88% 4.51% -29.83%
Accrued Expenses $218.4M $196.3M $163.1M
YoY Change 15.21% 20.18% -5.12%
Deferred Revenue $13.46M $10.88M
YoY Change 108.65% 87.25%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $365.1M $326.0M $270.3M
YoY Change 22.35% 19.64% -14.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.896M $56.00M $52.50M
YoY Change -13.67% 595.48% 563.97%
Total Long-Term Liabilities $6.896M $56.00M $52.50M
YoY Change -13.67% 595.48% 563.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $365.1M $326.0M $270.3M
Total Long-Term Liabilities $6.896M $56.00M $52.50M
Total Liabilities $416.7M $382.0M $322.8M
YoY Change 20.03% 19.03% -12.86%
SHAREHOLDERS EQUITY
Retained Earnings -$193.3M
YoY Change -13.2%
Common Stock $30.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $689.4M $646.3M $606.1M
YoY Change
Total Liabilities & Shareholders Equity $1.106B $1.028B $929.0M
YoY Change 15.72% 9.04% -6.4%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $30.95M $25.54M $5.983M
YoY Change -7468.57% 103.81% 613.11%
Depreciation, Depletion And Amortization $4.700M $3.300M $3.200M
YoY Change -2.08% 10.0% 0.0%
Cash From Operating Activities $46.10M $42.90M $63.20M
YoY Change -6.87% -264.37% 131.5%
INVESTING ACTIVITIES
Capital Expenditures -$4.200M -$2.500M -$2.300M
YoY Change 75.0% 4.17% -32.35%
Acquisitions
YoY Change
Other Investing Activities -$200.0K $0.00 -$6.100M
YoY Change -84.62% -100.0% -125.96%
Cash From Investing Activities -$4.400M -$2.500M -$8.400M
YoY Change 18.92% -7.41% -141.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.300M 7.500M -6.500M
YoY Change -118.22% -142.13% -64.67%
NET CHANGE
Cash From Operating Activities 46.10M 42.90M 63.20M
Cash From Investing Activities -4.400M -2.500M -8.400M
Cash From Financing Activities 4.300M 7.500M -6.500M
Net Change In Cash 46.00M 47.90M 48.30M
YoY Change 107.21% -202.79% 66.55%
FREE CASH FLOW
Cash From Operating Activities $46.10M $42.90M $63.20M
Capital Expenditures -$4.200M -$2.500M -$2.300M
Free Cash Flow $50.30M $45.40M $65.50M
YoY Change -3.08% -291.56% 113.36%

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CY2020 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
181150000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
13525000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-15059000
CY2020 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0
CY2019 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0
CY2018 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-88152000
CY2018 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
81814000
CY2020 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
290000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13525000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-103211000
CY2019 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
70790000
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
14352000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-16836000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
49459000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
28174000
CY2020 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
305000
CY2019 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1617000
CY2018 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
137058000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10296000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14230000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12251000
CY2020 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
6525000
CY2019 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
5484000
CY2018 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1091000
CY2020 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0
CY2019 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0
CY2018 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
624000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2019 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0
CY2018 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-71363000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16836000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
49459000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43189000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23800000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
75946000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5090000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6521000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8065000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16950000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5027000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6841000
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
3878000
CY2019 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
3617000
CY2018 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
5554000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-8062000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-73823000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-25670000
CY2020 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0
CY2019 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0
CY2018 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
170247000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8062000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-73823000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
144577000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
156252000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10839000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1823000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
346460000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
190208000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
201047000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
8218000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
8876000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
23220000
CY2020 ntgr Change In Accounts Payable And Other Accrued Liabilities Relating To Property And Equipment Additions
ChangeInAccountsPayableAndOtherAccruedLiabilitiesRelatingToPropertyAndEquipmentAdditions
846000
CY2019 ntgr Change In Accounts Payable And Other Accrued Liabilities Relating To Property And Equipment Additions
ChangeInAccountsPayableAndOtherAccruedLiabilitiesRelatingToPropertyAndEquipmentAdditions
-4360000
CY2018 ntgr Change In Accounts Payable And Other Accrued Liabilities Relating To Property And Equipment Additions
ChangeInAccountsPayableAndOtherAccruedLiabilitiesRelatingToPropertyAndEquipmentAdditions
2604000
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
5953000
CY2020 us-gaap Fiscal Period
FiscalPeriod
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;margin-left:1.92%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Fiscal periods</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
6200000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;margin-left:1.92%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of estimates</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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. <span style="color:#000000;">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.</span></p>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;margin-left:1.92%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of credit risk</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of December 31, 2020, Best Buy, Inc. and affiliates, Amazon and affiliates and Walmart and affiliates accounted for approximately 29%, 13% and 13% of the Company's total accounts receivable, respectively. As of December 31, 2019, Best Buy, Inc. and affiliates, Amazon and affiliates, and Walmart and affiliates accounted for 34%, 13% and 10% of the Company's total accounts receivable, respectively. No other customers accounted for 10% or greater of the Company's total accounts receivable.</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
74200000
CY2020 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
Service contracts are generally for 30 days or 12 months in length, billed either monthly or annually and generally in advance.
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
20600000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
21300000
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
24700000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
81926000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2102000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1153000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
85181000
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2900000
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1500000
CY2020 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2019 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2020Q4 ntgr Deferred Commissions
DeferredCommissions
0
CY2019Q4 ntgr Deferred Commissions
DeferredCommissions
0
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
337052000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
277168000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
13458000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6450000
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3165000
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2061000
CY2020 ntgr Contract With Customer Liability Increase Due To Unsatisfied Performance Obligations
ContractWithCustomerLiabilityIncreaseDueToUnsatisfiedPerformanceObligations
25000000.0
CY2019 ntgr Contract With Customer Liability Increase Due To Unsatisfied Performance Obligations
ContractWithCustomerLiabilityIncreaseDueToUnsatisfiedPerformanceObligations
14500000
CY2020 ntgr Revenue Recognized For Satisfaction Of Performance Obligations
RevenueRecognizedForSatisfactionOfPerformanceObligations
16900000
CY2019 ntgr Revenue Recognized For Satisfaction Of Performance Obligations
RevenueRecognizedForSatisfactionOfPerformanceObligations
17900000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6500000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9900000
CY2020 ntgr Number Of Geographic Regions
NumberOfGeographicRegions
3
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1255202000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
998763000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1058816000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1255202000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
998763000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1058816000
CY2018 ntgr Distribution Of Shares Outstanding Conversion Ratio
DistributionOfSharesOutstandingConversionRatio
1.980295
ntgr Professional Fees Including Discontinued Operations
ProfessionalFeesIncludingDiscontinuedOperations
34200000
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
6300000
CY2020Q4 us-gaap Business Combination Assets And Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationAssetsAndLiabilitiesArisingFromContingenciesAmountRecognized
3000000.0
CY2019Q4 us-gaap Business Combination Assets And Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationAssetsAndLiabilitiesArisingFromContingenciesAmountRecognized
5900000
CY2019 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
223000
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7756000
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
28871000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
164356000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
206618000
CY2020Q4 us-gaap Inventory Net
InventoryNet
172112000
CY2019Q4 us-gaap Inventory Net
InventoryNet
235489000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
7900000
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
3900000
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
2900000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
130879000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
116008000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
114799000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
98325000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16080000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17683000
CY2020 us-gaap Depreciation
Depreciation
12700000
CY2019 us-gaap Depreciation
Depreciation
12300000
CY2018 us-gaap Depreciation
Depreciation
10500000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126944000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
123045000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
514000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126944000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
116840000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10104000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6200000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000.0
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8300000
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2044000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
527000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
514000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
300000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3899000
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
68323000
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
58930000
CY2020Q4 us-gaap Long Term Investments
LongTermInvestments
8395000
CY2019Q4 us-gaap Long Term Investments
LongTermInvestments
8147000
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6032000
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
7202000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
82750000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
74279000
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
2886000
CY2019 ntgr Equity Securities Without Readily Determinable Fair Value Amount Additions
EquitySecuritiesWithoutReadilyDeterminableFairValueAmountAdditions
5484000
CY2019Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
8147000
CY2020 ntgr Equity Securities Without Readily Determinable Fair Value Amount Additions
EquitySecuritiesWithoutReadilyDeterminableFairValueAmountAdditions
5850000
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
6239000
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
7758000
CY2020Q4 ntgr Equity Securities Without Readily Determinable Fair Value Downward Price Change And Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceChangeAndImpairmentLossCumulativeAmount
7900000
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount
200000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9149000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9357000
CY2020Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
83561000
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
85605000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
9240000
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
10556000
CY2020Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
66972000
CY2019Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
52612000
CY2020Q4 ntgr Accrued Freight Charges
AccruedFreightCharges
14885000
CY2019Q4 ntgr Accrued Freight Charges
AccruedFreightCharges
5633000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
34568000
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0
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744000
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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7800000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-1400000
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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