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Quarterly Results Of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results Of Operations (Unaudited) | NOTE 21 – QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table sets forth the Company's unaudited quarterly Consolidated Statements of Operations for each of the quarters indicated and has been retrospectively adjusted to reflect Xperi Inc.'s historical financial results as discontinued operations. The information for each quarter has been derived from the Company's unaudited condensed consolidated financial statements and has been prepared on a basis consistent with these audited consolidated financial statements, and reflect, in the opinion of management, all adjustments of a normal, recurring nature that are necessary for a fair presentation of the financial information contained in those statements. The following quarterly financial data should be read in conjunction with our consolidated financial statements (in thousands, except per share amounts):
|  | Three Months Ended |
|  | Dec 31, 2022 |  |  | Sep 30, 2022 |  |  | Jun 30, 2022 |  |  | Mar 31, 2022 |  |  | Dec 31, 2021 |  |  | Sep 30, 2021 |  |  | Jun 30, 2021 |  |  | Mar 31, 2021 |
Revenue |  | $ | 103,290 |  |  | $ | 89,296 |  |  | $ | 107,815 |  |  | $ | 138,532 |  |  | $ | 89,705 |  |  | $ | 101,647 |  |  | $ | 101,846 |  |  | $ | 98,014 |
Total operating expenses |  |  | 70,047 |  |  |  | 73,654 |  |  |  | 73,094 |  |  |  | 69,078 |  |  |  | 72,738 |  |  |  | 64,160 |  |  |  | 70,385 |  |  |  | 64,901 |
Operating income from continuing operations |  |  | 33,243 |  |  |  | 15,642 |  |  |  | 34,721 |  |  |  | 69,454 |  |  |  | 16,967 |  |  |  | 37,487 |  |  |  | 31,461 |  |  |  | 33,113 |
Income from continuing operations before income taxes |  |  | 18,640 |  |  |  | 4,058 |  |  |  | 25,712 |  |  |  | 61,362 |  |  |  | 7,354 |  |  |  | 29,249 |  |  |  | 13,564 |  |  |  | 22,644 |
Provision for (benefit from) income taxes |  |  | (55,090 | ) |  |  | 10,401 |  |  |  | 10,552 |  |  |  | 5,517 |  |  |  | (11,314 | ) |  |  | 8,676 |  |  |  | (387 | ) |  |  | 7,853 |
Net income from continuing operations |  |  | 73,730 |  |  |  | (6,343 | ) |  |  | 15,160 |  |  |  | 55,845 |  |  |  | 18,668 |  |  |  | 20,573 |  |  |  | 13,951 |  |  |  | 14,791 |
Net loss attributable to discontinued operations, net of tax |  |  | — |  |  |  | (382,585 | ) |  |  | (20,785 | ) |  |  | (30,902 | ) |  |  | (33,227 | ) |  |  | (65,640 | ) |  |  | (15,069 | ) |  |  | (9,504 | )
Net income (loss) attributable to the Company |  | $ | 73,730 |  |  | $ | (388,928 | ) |  | $ | (5,625 | ) |  | $ | 24,943 |  |  | $ | (14,559 | ) |  | $ | (45,067 | ) |  | $ | (1,118 | ) |  | $ | 5,287 |
Income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.70 |  |  | $ | (0.06 | ) |  | $ | 0.15 |  |  | $ | 0.54 |  |  | $ | 0.18 |  |  | $ | 0.20 |  |  | $ | 0.13 |  |  | $ | 0.14 |
Discontinued operations |  |  | — |  |  |  | (3.66 | ) |  |  | (0.20 | ) |  |  | (0.30 | ) |  |  | (0.32 | ) |  |  | (0.63 | ) |  |  | (0.14 | ) |  |  | (0.09 | )
Net income (loss) |  | $ | 0.70 |  |  | $ | (3.72 | ) |  | $ | (0.05 | ) |  | $ | 0.24 |  |  | $ | (0.14 | ) |  | $ | (0.43 | ) |  | $ | (0.01 | ) |  | $ | 0.05 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.65 |  |  | $ | (0.06 | ) |  | $ | 0.14 |  |  | $ | 0.53 |  |  | $ | 0.18 |  |  | $ | 0.19 |  |  | $ | 0.13 |  |  | $ | 0.14 |
Discontinued operations |  |  | — |  |  |  | (3.61 | ) |  |  | (0.20 | ) |  |  | (0.29 | ) |  |  | (0.31 | ) |  |  | (0.61 | ) |  |  | (0.14 | ) |  |  | (0.09 | )
Net income (loss) |  | $ | 0.65 |  |  | $ | (3.67 | ) |  | $ | (0.06 | ) |  | $ | 0.24 |  |  | $ | (0.13 | ) |  | $ | (0.42 | ) |  | $ | (0.01 | ) |  | $ | 0.05 |
Weighted average number of shares-basic |  |  | 105,135 |  |  |  | 104,510 |  |  |  | 104,001 |  |  |  | 103,679 |  |  |  | 104,249 |  |  |  | 104,849 |  |  |  | 104,906 |  |  |  | 104,940 |
Weighted average number of shares-diluted |  |  | 113,392 |  |  |  | 105,850 |  |  |  | 105,160 |  |  |  | 105,332 |  |  |  | 105,915 |  |  |  | 106,910 |  |  |  | 107,267 |  |  |  | 107,776 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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