XML 34 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

Revenue (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue by Product Category and Market | The following table summarizes revenue by market (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Pay-TV |  | $ | 58,031 |  |  | $ | 60,371 |  |  | $ | 118,325 |  |  | $ | 124,525 |
Consumer Electronics |  |  | 31,716 |  |  |  | 39,493 |  |  |  | 68,451 |  |  |  | 67,583 |
Connected Car |  |  | 23,474 |  |  |  | 20,855 |  |  |  | 44,022 |  |  |  | 40,574 |
Media Platform |  |  | 13,651 |  |  |  | 5,484 |  |  |  | 22,913 |  |  |  | 12,410 |
Total revenue |  | $ | 126,872 |  |  | $ | 126,203 |  |  | $ | 253,711 |  |  | $ | 245,092 |
Schedule of Geographic Revenue Information | The following table summarizes revenue by geographic location (in thousands):
|  | Three Months Ended June 30, |
|  | 2023 |  |  | 2022 |
U.S. |  | $ | 69,133 |  |  |  | 54 | % |  | $ | 78,409 |  |  |  | 62 | %
Japan |  |  | 18,566 |  |  |  | 15 |  |  |  | 16,494 |  |  |  | 13 |
China |  |  | 10,527 |  |  |  | 8 |  |  |  | 4,163 |  |  |  | 3 |
Europe and Middle East |  |  | 8,416 |  |  |  | 7 |  |  |  | 7,048 |  |  |  | 6 |
Other |  |  | 20,230 |  |  |  | 16 |  |  |  | 20,089 |  |  |  | 16 |
Total revenue |  | $ | 126,872 |  |  |  | 100 | % |  | $ | 126,203 |  |  |  | 100 | %
|  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
U.S. |  | $ | 134,292 |  |  |  | 53 | % |  | $ | 138,080 |  |  |  | 56 | %
Japan |  |  | 36,061 |  |  |  | 14 |  |  |  | 32,044 |  |  |  | 13 |
China |  |  | 22,037 |  |  |  | 9 |  |  |  | 14,455 |  |  |  | 6 |
Europe and Middle East |  |  | 18,582 |  |  |  | 7 |  |  |  | 18,736 |  |  |  | 8 |
Other |  |  | 42,739 |  |  |  | 17 |  |  |  | 41,777 |  |  |  | 17 |
Total revenue |  | $ | 253,711 |  |  |  | 100 | % |  | $ | 245,092 |  |  |  | 100 | %
Schedule of Contract Assets | Contract assets were recorded in the Condensed Consolidated Balance Sheets as follows (in thousands):
|  | June 30, 2023 |  |  | December 31, 2022 |
Unbilled contracts receivable, net |  | $ | 60,068 |  |  | $ | 65,251 |
Other current assets |  |  | 534 |  |  |  | 848 |
Unbilled contracts receivable, noncurrent |  |  | 16,840 |  |  |  | 4,289 |
Other noncurrent assets |  |  | 799 |  |  |  | 978 |
Total contract assets |  | $ | 78,241 |  |  | $ | 71,366 |
Schedule of Revenue Recognized in Period | The following table presents additional revenue disclosures (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenue recognized in the period from: |  |  |  |  |  |  |  |  |  |  |  |
Amounts included in deferred revenue at the beginning of the period |  | $ | 5,547 |  |  | $ | 6,269 |  |  | $ | 12,266 |  |  | $ | 14,601 |
Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements) (1)(2) |  | $ | 597 |  |  | $ | 20,830 |  |  | $ | (1,285 | ) |  | $ | 20,866 |
(1) True ups represent the differences between the Company’s quarterly estimates of per-unit royalty revenue and actual production/sales-based royalties reported by licensees in the following period. Licensee reporting adjustments represent corrections or revisions to previously reported per-unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits. Settlements represent resolutions of litigation or disputes during the period for past royalties owed. (2) For the three and six months ended June 30, 2022, the Company recorded revenue from both the settlement of a contract dispute with a large mobile imaging customer, and the execution of a long-term license agreement with a leading consumer electronics and over-the-top service provider. The long-term license agreement was effective as of the expiration of the prior agreement, and the Company expected to record revenue from the license agreement in future periods.
Schedule of Remaining Performance Obligations | Company’s remaining revenue under contracts with performance obligations was as follows (in thousands):
Year Ending December 31: |  | Amounts |
2023 (remaining 6 months) |  | $ | 32,688 |
2024 |  |  | 30,962 |
2025 |  |  | 17,592 |
2026 |  |  | 6,173 |
2027 |  |  | 1,633 |
Thereafter |  |  | 1,412 |
Total |  | $ | 90,460 |
Schedule of Allowance for Credit Losses | The following table presents the activity in the allowance for credit losses for the three and six months ended June 30, 2023 and 2022 (in thousands):
|  | Three Months Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | Accounts Receivable |  |  | Unbilled Contracts Receivable |  |  | Accounts Receivable |  |  | Unbilled Contracts Receivable |
Beginning balance |  | $ | 2,067 |  |  | $ | 350 |  |  | $ | 1,962 |  |  | $ | 369 |
Provision for credit losses |  |  | 186 |  |  |  | (25 | ) |  |  | 201 |  |  |  | (63 | )
Recoveries/charge-off |  |  | (41 | ) |  |  | — |  |  |  | (358 | ) |  |  | — |
Ending balance |  | $ | 2,212 |  |  | $ | 325 |  |  | $ | 1,805 |  |  | $ | 306 |
|  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | Accounts Receivable |  |  | Unbilled Contracts Receivable |  |  | Accounts Receivable |  |  | Unbilled Contracts Receivable |
Beginning balance |  | $ | 1,950 |  |  | $ | 369 |  |  | $ | 2,245 |  |  | $ | 480 |
Provision for credit losses |  |  | 322 |  |  |  | (44 | ) |  |  | 21 |  |  |  | (174 | )
Recoveries/charge-off |  |  | (60 | ) |  |  | — |  |  |  | (461 | ) |  |  | — |
Ending balance |  | $ | 2,212 |  |  | $ | 325 |  |  | $ | 1,805 |  |  | $ | 306 |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contract with customer asset. + References No definition available. + Details
Name: | xper_ContractWithCustomerAssetTableTextBlock
Namespace Prefix: | xper_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration