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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
SEGMENT REPORTING |
| Nine Months Ended September 30,
| 2023 |  | 2022
| Intellectual Property Operations |  | Industrial Operations |  | Total |  | Intellectual Property Operations |  | Industrial Operations |  | Total
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
License fees | $ | 6,330 |  |  | $ | — |  |  | $ | 6,330 |  |  | $ | 16,997 |  |  | $ | — |  |  | $ | 16,997 |
Printers and parts | — |  |  | 9,640 |  |  | 9,640 |  |  | — |  |  | 11,715 |  |  | 11,715 |
Consumable products | — |  |  | 14,074 |  |  | 14,074 |  |  | — |  |  | 14,308 |  |  | 14,308 |
Services | — |  |  | 2,747 |  |  | 2,747 |  |  | — |  |  | 3,082 |  |  | 3,082 |
Total revenues | 6,330 |  |  | 26,461 |  |  | 32,791 |  |  | 16,997 |  |  | 29,105 |  |  | 46,102 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |
Inventor royalties | 863 |  |  | — |  |  | 863 |  |  | 1,092 |  |  | — |  |  | 1,092 |
Contingent legal fees | 890 |  |  | — |  |  | 890 |  |  | 2,314 |  |  | — |  |  | 2,314 |
Litigation and licensing expenses | 5,663 |  |  | — |  |  | 5,663 |  |  | 3,272 |  |  | — |  |  | 3,272 |
Amortization of patents | 7,802 |  |  | — |  |  | 7,802 |  |  | 7,802 |  |  | — |  |  | 7,802 |
Cost of sales | — |  |  | 13,530 |  |  | 13,530 |  |  | — |  |  | 13,432 |  |  | 13,432 |
Total cost of revenues | 15,218 |  |  | 13,530 |  |  | 28,748 |  |  | 14,480 |  |  | 13,432 |  |  | 27,912 |
Segment gross (loss) profit | (8,888) |  |  | 12,931 |  |  | 4,043 |  |  | 2,517 |  |  | 15,673 |  |  | 18,190 |
Other operating expenses: |  |  |  |  |  |  |  |  |  |  |
Engineering and development expenses | — |  |  | 593 |  |  | 593 |  |  | — |  |  | 491 |  |  | 491 |
Sales and marketing expenses | — |  |  | 5,385 |  |  | 5,385 |  |  | — |  |  | 6,429 |  |  | 6,429 |
Amortization of intangible assets | — |  |  | 1,299 |  |  | 1,299 |  |  | — |  |  | 1,299 |  |  | 1,299 |
General and administrative expenses | 5,317 |  |  | 5,444 |  |  | 10,761 |  |  | 5,050 |  |  | 6,431 |  |  | 11,481 |
Total other operating expenses | 5,317 |  |  | 12,721 |  |  | 18,038 |  |  | 5,050 |  |  | 14,650 |  |  | 19,700 |
Segment operating (loss) income | $ | (14,205) |  |  | $ | 210 |  |  | (13,995) |  |  | $ | (2,533) |  |  | $ | 1,023 |  |  | (1,510) |
Parent general and administrative expenses |  |  |  |  | 23,278 |  |  |  |  |  |  | 24,033 |
Operating loss |  |  |  |  | (37,273) |  |  |  |  |  |  | (25,543) |
Total other income (expense) |  |  |  |  | 31,344 |  |  |  |  |  |  | (81,216) |
Loss before income taxes |  |  |  |  | $ | (5,929) |  |  |  |  |  |  | $ | (106,759) |
| September 30, 2023 |  | December 31, 2022
| (In thousands)
Equity securities investments: |  |  |
Equity securities | $ | 64,511 |  |  | $ | 61,608 |
Equity securities without readily determinable fair value | 5,816 |  |  | 5,816 |
Equity method investments | 30,934 |  |  | 30,934 |
Total parent equity securities investments | 101,261 |  |  | 98,358 |
Other parent assets | 222,246 |  |  | 156,394 |
Segment total assets: |  |  |
Intellectual property operations | 158,603 |  |  | 176,119 |
Industrial operations | 47,037 |  |  | 52,057 |
Total assets | $ | 529,147 |  |  | $ | 482,928 |
The Company's revenues and long-lived tangible assets by geographic area are presented below. Intellectual Property Operations revenues are attributed to licensees domiciled in foreign jurisdictions. Printronix's net sales to external customers are attributed to geographic areas based upon the final destination of products shipped. The Company, primarily through its Printronix subsidiary, has identified three global regions for marketing its products and services: Americas, Europe, Middle East and Africa, and Asia-Pacific. Assets are summarized based on the location of held assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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