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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Reconciliation of segment information to the totals reported in the accompanying consolidated financial statements

The tables below set forth information about the Company’s operating segments for the years ended December 31, 2022, 2021, and 2020, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements.

			Years Ended December 31,
			2022						2021									2020
(In thousands, except percentages)
Digital Agreements
Revenue			$	48,401					$	40,551								$	29,633
Gross profit			$	37,488					$	29,557								$	20,361
Gross margin			77		%				73		%							69		%
Operating income			$	5,348					$	(1,612)								$	(7,559)
Security
Revenue			$	170,605					$	173,930								$	186,058
Gross profit			$	111,082					$	113,378								$	127,698
Gross margin			65		%				65		%							69		%
Operating income			$	32,051					$	35,395								$	55,295
Total Company:
Revenue			$	219,006					$	214,481								$	215,691
Gross profit			$	148,570					$	142,935								$	148,059
Gross margin			68		%				67		%							69		%
Statements of operations reconciliation:
Segment operating income			$	37,399					$	33,783								$	47,736
Corporate operating expenses not allocated at the segment level			64,514						59,911									52,994
Operating loss			$	(27,115)					$	(26,128)								$	(5,258)
Interest income, net			595						(1)									404
Other income (expense), net			14,827						(14)									1,434
Loss before income taxes			$	(11,693)					$	(26,143)								$	(3,420)

Information regarding geographic areas

The following tables illustrate the disaggregation of revenues by category and services, including a reconciliation of the disaggregated revenues to revenues from the Company's two operating segments for the years ended December 31, 2022, 2021, and 2020.

			Years Ended December 31,
			2022												2021												2020
			Digital Agreements						Security Solutions						Digital Agreements						Security Solutions						Digital Agreements						Security Solutions
(In thousands)
Subscription (1)			$	42,029					$	47,124					$	33,283					$	35,224					$	22,632					$	29,757
Maintenance and support			5,451						42,894						5,709						45,567						5,035						44,193
Professional services and other (2)			921						7,087						1,494						13,703						1,966						30,259
Hardware products			—						73,500						65						79,436						—						81,849
Total Revenue			$	48,401					$	170,605					$	40,551					$	173,930					$	29,633					$	186,058

1.Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively.

2.Professional services and other includes perpetual software licenses revenue, which was approximately 2%, 5%, and 12% of total revenue for the years ended December 31, 2022, 2021, and 2020, respectively.

(In thousands)						Europe, Middle East, Africa (EMEA)						Americas						Asia Pacific						Total
2022
Revenue						$	100,298					$	77,740					$	40,968					$	219,006
Gross profit						68,040						52,738						27,792						148,570
Long-lived assets						4,856						15,270						577						20,703
2021
Revenue						$	104,878					$	68,646					$	40,957					$	214,481
Gross profit						69,893						45,747						27,295						142,935
Long-lived assets						5,978						13,634						342						19,954
2020
Revenue						$	117,086					$	53,171					$	45,434					$	215,691
Gross profit						78,456						37,532						32,071						148,059
Long-lived assets						7,482						14,968						741						23,191

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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