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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Disaggregation of Revenue | License revenues were comprised of the following for the periods presented:
|  |  | Years Ended December 31,
|  |  |  |  | 2023 |  | 2022
|  |  |  |  | (In thousands)
Paid-up license revenue agreements |  |  |  |  | $ | 87,835 |  |  | $ | 17,788 |
Recurring License Revenue Agreements |  |  |  |  | 1,321 |  |  | 1,720 |
Total |  |  |  |  | $ | 89,156 |  |  | $ | 19,508 |
Printronix's net revenues were comprised of the following for the periods presented:
|  |  | Years Ended December 31,
|  |  |  |  | 2023 |  | 2022
|  |  |  |  | (In thousands)
Printers, consumables and parts |  |  |  |  | $ | 31,604 |  |  | $ | 35,432 |
Services |  |  |  |  | 3,494 |  |  | 4,283 |
Total |  |  |  |  | $ | 35,098 |  |  | $ | 39,715 |
Benchmark's revenue from November 13, 2023 through December 31, 2023 were comprised of the following (in thousands):
Oil sales | $ | 256 |  |  |
Natural gas sales | 372 |  |  |
Natural gas liquids sales | 220 |  |  |
Total | $ | 848 |  |  |
Summary of Cost of Revenues | Cost of revenues were comprised of the following for the periods presented:
|  |  | Years Ended December 31,
|  |  |  |  | 2023 |  | 2022
|  |  |  |  | (In thousands)
Inventor royalties |  |  |  |  | $ | 1,025 |  |  | $ | 1,212 |
Contingent legal fees |  |  |  |  | 10,998 |  |  | 2,444 |
Litigation and licensing expenses |  |  |  |  | 10,771 |  |  | 3,970 |
Amortization of patents |  |  |  |  | 11,370 |  |  | 10,403 |
Total |  |  |  |  | $ | 34,164 |  |  | $ | 18,029 |
Summary of Product Warranty Liability | The following is a summary of the accrued warranty liabilities, which are included in accrued expenses and other current liabilities, and other long-term liabilities in the consolidated balance sheets:
| Years Ended December 31,
| 2023 |  | 2022
| (In thousands)
Beginning balance | $ | 131 |  |  | $ | 222 |
Estimated future warranty expense | 65 |  |  | 25 |
Warranty claims settled | (100) |  |  | (116) |
Ending balance | $ | 96 |  |  | $ | 131 |
Schedule of Useful Lives of Property and Equipment | Depreciation and amortization is computed on a straight-line basis over the following estimated useful lives of the assets:
Machinery and equipment | 2 to 10 years
Furniture and fixtures | 3 to 5 years
Computer hardware and software | 3 to 5 years
Leasehold improvements | 2 to 5 years (Lesser of lease term or useful life of improvement)

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