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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
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 reportable operating segments for the three months ended March 31, 2024 and 2023, along with the items necessary to reconcile the segment information to the totals reported in the accompanying condensed consolidated financial statements.
| Three Months Ended March 31, |  |
(In thousands, except percentages) | 2024 |  | 2023 |  |  |  |
Digital Agreements |  |  |  |  |  |  |
Revenue | $ | 14,414 |  |  | $ | 11,552 |  |  |  |  |
Gross profit | $ | 9,892 |  |  | $ | 8,448 |  |  |  |  |
Gross margin | 69 | % |  | 73 | % |  |  |  |
Operating loss (1) | $ | (265) |  |  | $ | (6,033) |  |  |  |  |
Security Solutions |  |  |  |  |  |  |
Revenue | $ | 50,429 |  |  | $ | 46,055 |  |  |  |  |
Gross profit | $ | 37,503 |  |  | $ | 30,838 |  |  |  |  |
Gross margin | 74 | % |  | 67 | % |  |  |  |
Operating income | $ | 25,878 |  |  | $ | 15,631 |  |  |  |  |
Total Company: |  |  |  |  |  |  |
Revenue | $ | 64,843 |  |  | $ | 57,607 |  |  |  |  |
Gross profit | $ | 47,395 |  |  | $ | 39,286 |  |  |  |  |
Gross margin | 73 | % |  | 68 | % |  |  |  |
Statements of Operations reconciliation: |  |  |  |  |  |  |
Segment operating income | $ | 25,613 |  |  | $ | 9,598 |  |  |  |  |
Corporate operating expenses not allocated at the segment level | 11,503 |  |  | 17,728 |  |  |  |  |
Operating income (loss) | $ | 14,110 |  |  | $ | (8,130) |  |  |  |  |
Interest income, net | 101 |  |  | 503 |  |  |  |  |
Other income (expense), net | 291 |  |  | (40) |  |  |  |  |
Income (loss) before income taxes | $ | 14,502 |  |  | $ | (7,667) |  |  |  |  |
(1) Digital Agreements operating loss includes $0.6 million of amortization of intangible assets expense for both the three months ended March 31, 2024 and 2023.
Reconciliation of the disaggregated revenues to revenues from our two operating segments | 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 reportable operating segments for the three months ended March 31, 2024 and 2023:
| Three Months Ended March 31,
| 2024 |  | 2023
(In thousands) | Digital Agreements |  | Security Solutions |  | Digital Agreements |  | Security Solutions
Subscription | $ | 13,812 |  |  | $ | 26,182 |  |  | $ | 10,348 |  |  | $ | 19,608 |
Maintenance and support | 505 |  |  | 10,066 |  |  | 996 |  |  | 10,165 |
Professional services and other (1) | 97 |  |  | 1,605 |  |  | 208 |  |  | 1,416 |
Hardware products | — |  |  | 12,576 |  |  | — |  |  | 14,866 |
Total Revenue | $ | 14,414 |  |  | $ | 50,429 |  |  | $ | 11,552 |  |  | $ | 46,055 |
(1) Professional services and other includes perpetual software licenses revenue, which was approximately 1% of total revenue for both the three months ended March 31, 2024 and 2023.

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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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