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Segment Information (Tables)

12 Months Ended

Dec. 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 operating segments for the years ended December 31, 2024, 2023, and 2022, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements.

									Year Ended December 31, 2024
(In thousands)			Security Solutions						Digital Agreements						Corporate and Other						Total
Revenue			$	182,187					$	60,992					$	—					$	243,179
Cost of goods sold			49,319						19,281						3						68,603
Gross profit (1)			132,868						41,711						(3)						174,576
Gross margin			73%						68%						*						72%
Sales and marketing			24,684						15,658						4,204						44,546
Research and development			16,132						16,117						174						32,423
Other segment items (2)(4)			1,990						4,321						46,491						52,802
Operating income (loss) (3)(5)			90,062						5,615						(50,872)						44,805
Interest income, net																					1,807
Other income (expense), net																					(125)
Income (loss) before income taxes																					$	46,487

									Year Ended December 31, 2023
(In thousands)			Security Solutions						Digital Agreements						Corporate and Other						Total
Revenue			$	184,181					$	50,925					$	—					$	235,106
Cost of goods sold			64,207						13,183						1						77,391
Gross profit			119,974						37,742						(1)						157,715
Gross margin			65%						74%						*						67%
Sales and marketing			35,356						31,566						3,313						70,235
Research and development			18,894						18,687						839						38,420
Other segment items (2)(4)			5,534						6,014						66,383						77,931
Operating (loss) income (3)(5)			60,190						(18,525)						(70,536)						(28,871)
Interest income, net																					2,090
Other income (expense), net																					(532)
Income (loss) before income taxes																					$	(27,313)

									Year Ended December 31, 2022
(In thousands)			Security Solutions						Digital Agreements						Corporate and Other						Total
Revenue			$	170,605					$	48,401					$	—					$	219,006
Cost of goods sold			59,523						10,913						—						70,436
Gross profit			111,082						37,488						—						148,570
Gross margin			65%						77%						*						68%
Sales and marketing			42,135						16,305						2,509						60,949
Research and development			26,128						11,720						3,887						41,735
Other segment items (2)(4)			10,768						4,115						58,118						73,001
Operating income (loss) (3)(5)			32,051						5,348						(64,514)						(27,115)
Interest income, net																					595
Other income (expense), net																					14,827
Income (loss) before income taxes																					$	(11,693)

* Percentage not meaningful

(1) Digital Agreements gross profit includes an intangible asset write-off of $0.8 million and an internal capitalized software write-off of $0.7 million for the year ended December 31, 2024 (see Note 8, Intangible Assets, net and Note 9, Property and Equipment, net).

(2) Security Solutions other segment items includes general and administrative expense, restructuring and other related charges, and amortization of intangibles for the years ended December 31, 2024, 2023, and 2022.

(3) Security Solutions operating income includes $0.9 million, $0, and $1.7 million of total amortization and depreciation expense for the years ended December 31, 2024, 2023, and 2022, respectively.

Security Solutions operating income includes $2.0 million, $5.5 million, and $9.0 million of restructuring and other related charges for the years ended December 31, 2024, 2023, and 2022, respectively.

(4) Digital Agreements other segment items includes general and administrative expense, restructuring and other related charges, and amortization of intangibles for the years ended December 31, 2024, 2023, and 2022.

(5) Digital Agreements operating income includes $6.2 million, $3.7 million, and $2.3 million of total amortization and depreciation for the years ended December 31, 2024, 2023, and 2022, respectively.

Digital Agreements operating income includes $1.7 million, $3.7 million, and $1.9 million of restructuring and other related charges for the years ended December 31, 2024, 2023, and 2022, 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, 2024, 2023, and 2022.

									Years Ended December 31,
			2024												2023												2022
(In thousands)			Security Solutions						Digital Agreements						Security Solutions						Digital Agreements						Security Solutions						Digital Agreements
Subscription			$	80,555					$	58,848					$	60,550					$	45,886					$	47,124					$	42,029
Maintenance and support			38,342						1,736						42,240						4,143						42,894						5,451
Professional services and other (1)			4,439						408						5,425						896						7,087						921
Hardware products			58,851						—						75,966						—						73,500						—
Total Revenue			$	182,187					$	60,992					$	184,181					$	50,925					$	170,605					$	48,401

(1) Professional services and other includes perpetual software licenses revenue, which was immaterial for the year ended December 31, 2024 and approximately 1%, and 2% of total revenue for the years ended December 31, 2023 and 2022, respectively.

(In thousands)
						Europe, Middle East, Africa (EMEA)						Americas						Asia Pacific						Total
2024
Revenue						$	108,555					$	86,803					$	47,821					$	243,179
Long-lived assets						$	7,479					$	20,699					$	512					$	28,690
2023
Revenue						$	111,568					$	80,057					$	43,481					$	235,106
Long-lived assets						$	5,783					$	18,795					$	315					$	24,893
2022
Revenue						$	100,298					$	77,740					$	40,968					$	219,006
Long-lived assets						$	4,856					$	15,270					$	577					$	20,703

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

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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
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