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Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenue by Product Category and Timing of Recognition

The following table summarizes revenue by timing of recognition (in thousands):


	Year Ended December 31,
	2024		2023		2022
Recognized over time	$	362,713	$	410,865	$	401,668
Recognized at a point in time		130,975		110,469		100,592
Total revenue	$	493,688	$	521,334	$	502,260

The following table summarizes revenue by product category (in thousands):


	Year Ended December 31,
	2024		2023		2022
Pay-TV	$	259,712	$	244,708	$	249,457
Consumer Electronics		81,993		132,355		128,395
Connected Car		111,144		94,864		84,201
Media Platform		40,839		49,407		40,207
Total revenue	$	493,688	$	521,334	$	502,260

Schedule of Geographic Revenue Information

The following table summarizes revenue by geographic location (in thousands):


	Year Ended December 31,
	2024				2023				2022
U.S.	$	237,829	48	%	$	267,998	51	%	$	278,920	56	%
Japan		80,773	16			83,138	16			65,551	13
Europe and Middle East		46,442	9			41,113	8			42,846	9
Latin America		38,772	8			31,863	6			27,212	5
South Korea		36,926	8			27,099	5			27,870	5
China		24,824	5			35,809	7			30,932	6
Other		28,122	6			34,314	7			28,929	6
Total revenue	$	493,688	100	%	$	521,334	100	%	$	502,260	100	%

Schedule of Revenue Recognized in Period

The following table presents additional revenue disclosures (in thousands):


	Year Ended December 31,
	2024		2023		2022
Revenue recognized in the period from:
Amounts included in deferred revenue at the beginning of the period	$	25,202	$	20,620	$	24,307
Performance obligations satisfied in previous periods (true ups, recoveries, and settlements) (1)(2)	$	9,999	$	11,863	$	30,561

(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 that are generally received in the following period, and may include other changes in estimates. Recoveries 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 disputes or litigation during the period for past royalties owed.

(2)

For the year ended December 31, 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 the same large mobile imaging customer. 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 performance obligations and the period over which they are expected to be recognized were as follows (in thousands):


Year Ending December 31:	Amounts
2025	$	57,544
2026		30,564
2027		16,308
2028		7,139
2029		2,077
Thereafter		144
Total	$	113,776

Schedule of Allowance for Credit Losses

The following table presents the activity in the allowance for credit losses for the years ended December 31, 2024, 2023 and 2022 (in thousands):


	Year Ended December 31,
	2024					2023						2022
	Accounts Receivable			Unbilled Contracts Receivable		Accounts Receivable			Unbilled Contracts Receivable			Accounts Receivable			Unbilled Contracts Receivable
Beginning balance	$	1,906		$	190	$	1,950		$	369		$	2,255		$	468
Provision for credit losses		(172	)		308		497			52			799			(99	)
Recoveries/charge-off		(788	)		1		(541	)		(231	)		(1,104	)		—
Balance at end of period	$	946		$	499	$	1,906		$	190		$	1,950		$	369