XML 59 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1

Segment Information (Tables)

12 Months Ended

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 includes $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

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.

+ 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

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration