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Revenue (Tables)

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Schedule of Revenue Disaggregated by Product Category/End Market

Revenue disaggregated by product category/end market was as follows (in thousands):

	Years Ended December 31,
	2020		2019		2018
Consumer Experience	$	173,719	$	116,130	$	135,354
Pay-TV		131,920		—		—
Connected Car		70,462		81,994		82,995
Product revenue		376,101		198,124		218,349
IP Licensing revenue		515,919		81,943		187,784
Total revenue	$	892,020	$	280,067	$	406,133

Schedule of Contract Assets

Contract assets were recorded in the Consolidated Balance Sheets as follows (in thousands):

	December 31, 2020		December 31, 2019
Unbilled contracts receivable	$	132,431	$	121,826
Other current assets		1,208		—
Long-term unbilled contracts receivable	$	6,761		26,672
Other long-term assets		2,591		—
Total contract assets	$	142,991	$	148,498

Schedule of Allowance for Credit Losses

The following table presents the activity in the allowance for credit losses for the year ended December 31, 2020, 2019 and 2018 (in thousands):

	Years Ended December 31,
	2020							2019					2018
	Accounts Receivable				Unbilled Contracts Receivable			Accounts Receivable			Unbilled Contracts Receivable		Accounts Receivable			Unbilled Contracts Receivable
Beginning balance	$	566			$	—		$	779		$	—	$	1,181		$	—
Provision for credit losses		7,418		*		2,231	*		(74	)		—		417			—
Recoveries/charged-off		(648	)			—			(139	)		—		(819	)		—
Balance at end of period	$	7,336			$	2,231		$	566		$	—	$	779		$	—

* The increase in provision for credit losses was based on assessment of current conditions including the COVID-19 pandemic and anticipation of delayed or delinquent payments on existing accounts receivable as a result of the declining financial health and liquidity positions of certain of the Company’s customers, as well as U.S. restrictions on trade with certain Chinese customers, and certain late payments and collection related issues.

Schedule of Revenue Recognized in Period

The following table presents additional revenue and contract disclosures (in thousands):

	Years Ended December 31,
	2020			2019		2018
Revenue recognized in the period from:
Amounts included in deferred revenue at the beginning of the period	$	720		$	3,130	$	2,347
Amounts included in deferred revenue acquired from the Mergers	$	20,271		$	—	$	—
Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements) (1)	$	296,031	(2)	$	2,935	$	1,323

(1) True ups represent the differences between the Company’s quarterly estimates of per-unit royalty revenue and actual production/sales-based royalties reported by licensees in the following period. Licensee reporting adjustments represent corrections or revisions to previously reported per-unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits. Settlements represent resolutions of litigation during the period for past royalties owed pursuant to expired or terminated IP license agreements.

(2) Includes past royalty revenue from Comcast Corporation (“Comcast”). On November 9, 2020, the Company entered into a patent license agreement (the “Agreement”) with Comcast and the Company resolved all of the outstanding litigation with Comcast. The Agreement is effective as of the expiration of Comcast’s prior agreement in 2016 and its term continues into 2031. In connection with the Agreement, the Company recorded revenue from past royalties in the fourth quarter of 2020 and expects to record revenue from the prospective license into 2031.

Schedule of Remaining Performance Obligations

The Company’s remaining revenue under contracts with performance obligations was as follows (in thousands):

	December 31,
	2020		2019
Revenue from contracts with performance obligations expected to be satisfied in:
2021	$	152,008	$	5,337
2022		102,764		990
2023		91,636		345
2024		77,989		—
2025		76,028		—
Thereafter		429		—
Total	$	500,854	$	6,672