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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023, 2022, and 2021, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements.
| Years Ended December 31,
(In thousands, except percentages) | 2023 |  | 2022 |  |  | 2021
Digital Agreements |  |  |  |  |  |
Revenue | $ | 50,925 |  |  | $ | 48,401 |  |  |  | $ | 40,551 |
Gross profit | $ | 37,742 |  |  | $ | 37,488 |  |  |  | $ | 29,557 |
Gross margin | 74 | % |  | 77 | % |  |  | 73 | %
Operating (loss) income (1) | $ | (18,525) |  |  | $ | 5,348 |  |  |  | $ | (1,612) |
Security Solutions |  |  |  |  |  |
Revenue | $ | 184,181 |  |  | $ | 170,605 |  |  |  | $ | 173,930 |
Gross profit | $ | 119,974 |  |  | $ | 111,082 |  |  |  | $ | 113,378 |
Gross margin | 65 | % |  | 65 | % |  |  | 65 | %
Operating income (2) | $ | 60,190 |  |  | $ | 32,051 |  |  |  | $ | 35,395 |
Total Company: |  |  |  |  |  |
Revenue | $ | 235,106 |  |  | $ | 219,006 |  |  |  | $ | 214,481 |
Gross profit | $ | 157,715 |  |  | $ | 148,570 |  |  |  | $ | 142,935 |
Gross margin | 67 | % |  | 68 | % |  |  | 67 | %
Statements of operations reconciliation: |  |  |  |  |  |
Segment operating income | $ | 41,665 |  |  | $ | 37,399 |  |  |  | $ | 33,783 |
Corporate operating expenses not allocated at the segment level | 70,536 |  |  | 64,514 |  |  |  | 59,911 |
Operating loss | $ | (28,871) |  |  | $ | (27,115) |  |  |  | $ | (26,128) |
Interest income, net | 2,090 |  |  | 595 |  |  |  | (1) |
Other income (expense), net | (532) |  |  | 14,827 |  |  |  | (14) |
Loss before income taxes | $ | (27,313) |  |  | $ | (11,693) |  |  |  | $ | (26,143) |
(1) Digital Agreements operating income includ es $2.3 million, $2.3 million, and $2.5 million of amortization of intangible assets expense for the years ended December 31, 2023, 2022, and 2021, respectively. (2) Security Solutions operating income includes $0, $1.8 million, and $3.3 million of amortization of intangible assets expense for the years ended December 31, 2023, 2022, and 2021, respectively.
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, 2023, 2022, and 2021.
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
(In thousands) | Digital Agreements |  | Security Solutions |  | Digital Agreements |  | Security Solutions |  | Digital Agreements |  | Security Solutions
Subscription (1) | $ | 45,886 |  |  | $ | 60,550 |  |  | $ | 42,029 |  |  | $ | 47,124 |  |  | $ | 33,283 |  |  | $ | 35,224 |
Maintenance and support | 4,143 |  |  | 42,240 |  |  | 5,451 |  |  | 42,894 |  |  | 5,709 |  |  | 45,567 |
Professional services and other (2) | 896 |  |  | 5,425 |  |  | 921 |  |  | 7,087 |  |  | 1,494 |  |  | 13,703 |
Hardware products | — |  |  | 75,966 |  |  | — |  |  | 73,500 |  |  | 65 |  |  | 79,436 |
Total Revenue | $ | 50,925 |  |  | $ | 184,181 |  |  | $ | 48,401 |  |  | $ | 170,605 |  |  | $ | 40,551 |  |  | $ | 173,930 |
(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 1%, 2%, and 5% of total revenue for the years ended December 31, 2023, 2022, and 2021, respectively.
(In thousands) |  |  |  |  |  |  |  |
|  | Europe, Middle East, Africa (EMEA) |  | Americas |  | Asia Pacific |  | Total
2023 |  |  |  |  |  |  |  |
Revenue |  | $ | 111,568 |  |  | $ | 80,057 |  |  | $ | 43,481 |  |  | $ | 235,106 |
Gross profit |  | $ | 74,843 |  |  | $ | 53,704 |  |  | $ | 29,168 |  |  | $ | 157,715 |
Long-lived assets |  | $ | 5,783 |  |  | $ | 18,795 |  |  | $ | 315 |  |  | $ | 24,893 |
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 |

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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