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Segment Information (Tables)

3 Months Ended

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

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-Name Accounting Standards Codification
-Topic 280
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-Section 50
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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.

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