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Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

Revenue disaggregated by recurring and non-recurring nature was as follows (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Recurring revenue		$	82,269			$	81,606			$	165,045			$	165,972
Non-recurring revenue			5,081				1,611				5,710				34,552
Total revenue		$	87,350			$	83,217			$	170,755			$	200,524

Revenue disaggregated by market vertical was as follows (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Media		$	83,626			$	80,645			$	164,063			$	163,279
Semiconductor			3,724				2,572				6,692				37,245
Total revenue		$	87,350			$	83,217			$	170,755			$	200,524

Schedule of Contract Assets

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

		June 30, 2024				December 31, 2023
Unbilled contracts receivable		$	89,187			$	74,919
Other current assets			682				620
Long-term unbilled contracts receivable			63,943				73,843
Other long-term assets			932				1,007
Total contract assets		$	154,744			$	150,389

Schedule of Revenue Recognized in Period

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

		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Revenue recognized in the period from:
Amounts included in deferred revenue at the beginning of the period		$	1,703			$	4,107			$	3,708			$	8,889
Performance obligations satisfied in previous periods (1)		$	4,864			$	1,131			$	5,076			$	1,884

(1) Performance obligations satisfied in previous periods consist mainly of fees associated with releases for past patent infringement, settlements of litigation during the period, and revenue from past royalties owed pursuant to expired or terminated IP license agreements. For long-term and multi-year revenue contracts, the Company recorded revenue from the releases for past infringement during the three months and six months ended June 30, 2024 and 2023 and expects to record revenue from the prospective license in future periods.

Schedule of Remaining Performance Obligations

Remaining revenue under contracts with performance obligations represents the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied) under certain of the Company’s fixed fee arrangements (in thousands).

		As of June 30, 2024
Revenue from contracts with performance obligations expected to be satisfied in:
2024 (remaining 6 months)		$	81,267
2025			160,750
2026			63,986
2027			50,145
2028			43,256
Thereafter			59,649
Total		$	459,053

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Contract with customer asset.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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