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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of disaggregation of revenue | The following table presents the disaggregation of our revenue for the three and six months ended June 30, 2022 and 2021 (in thousands):
| Three months ended June 30, |  |  |  |
| 2022 |  | 2021 |  | Increase/(Decrease)
Variable patent royalty revenue | $ | 7,673 |  |  | $ | 7,323 |  |  | $ | 350 |  |  | 5 | %
Fixed-fee royalty revenue | 91,756 |  |  | 69,296 |  |  | 22,460 |  |  | 32 | %
Current patent royalties a | 99,429 |  |  | 76,619 |  |  | 22,810 |  |  | 30 | %
Non-current patent royalties b | 24,556 |  |  | 9,586 |  |  | 14,970 |  |  | 156 | %
Total patent royalties | 123,985 |  |  | 86,205 |  |  | 37,780 |  |  | 44 | %
Current technology solutions revenue a | 672 |  |  | 1,530 |  |  | (858) |  |  | (56) | %
Total revenue | $ | 124,657 |  |  | $ | 87,735 |  |  | $ | 36,922 |  |  | 42 | %
| Six months ended June 30, |  |  |  |
| 2022 |  | 2021 |  | Increase/(Decrease)
Variable patent royalty revenue | $ | 16,718 |  |  | $ | 14,419 |  |  | $ | 2,299 |  |  | 16 | %
Fixed-fee royalty revenue | 181,599 |  |  | 138,592 |  |  | 43,007 |  |  | 31 | %
Current patent royalties a | 198,317 |  |  | 153,011 |  |  | 45,306 |  |  | 30 | %
Non-current patent royalties b | 26,747 |  |  | 13,367 |  |  | 13,380 |  |  | 100 | %
Total patent royalties | 225,064 |  |  | 166,378 |  |  | 58,686 |  |  | 35 | %
Current technology solutions revenue a | 911 |  |  | 3,720 |  |  | (2,809) |  |  | (76) | %
Total revenue | $ | 225,975 |  |  | $ | 170,098 |  |  | $ | 55,877 |  |  | 33 | %
a. Recurring revenues are comprised of current patent royalties, inclusive of dynamic fixed-fee royalty payments, and current technology solutions revenue from the tables above. b. Non-recurring revenues are comprised of non-current patent royalties, which include past patent royalties and royalties from static agreements, as well as patent sales from the tables above.
Schedule of contracted revenue | Based on contracts signed and committed as of June 30, 2022, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of such contracts (in thousands):
| Revenue
Remainder of 2022 | $ | 148,513 |
2023 | 129,365 |
2024 | 80,951 |
2025 | 68,573 |
2026 and thereafter | 5,181 |
Total Revenue | $ | 432,583 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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