OneSpan (OSPN) 10-K 28 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 25, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-24389
Entity Registrant Name	OneSpan Inc.
Entity Tax Identification Number	36-4169320
Entity Address, Address Line One	121 West Wacker Drive, Suite 2050
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60601
City Area Code	312
Local Phone Number	766-4001
Title of 12(b) Security	Common Stock, par value $.001 per share
Trading Symbol	OSPN
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 471,211,321
Entity Common Stock, Shares Outstanding		40,001,325
Entity Central Index Key	0001044777
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Incorporation, State or Country Code	DE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Chicago, IL
Auditor Firm ID	185

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 96,501	$ 63,380
Short-term investments	2,328	35,108
Accounts receivable, net of allowances of $1,600 in 2022 and $1,419 in 2021	65,132	56,612
Inventories, net	12,054	10,345
Prepaid expenses	6,222	7,594
Contract assets	4,520	4,694
Other current assets	10,783	9,356
Total current assets	197,540	187,089
Property and equipment, net	12,681	10,757
Operating lease right-of-use assets	8,022	9,197
Goodwill	90,514	96,174
Intangible assets, net of accumulated amortization	12,482	21,270
Deferred income taxes	1,901	3,786
Other assets	11,942	13,998
Total assets	335,082	342,271
Current liabilities
Accounts payable	17,357	8,204
Deferred revenue	64,637	54,617
Accrued wages and payroll taxes	18,345	16,607
Short-term income taxes payable	2,438	1,103
Other accrued expenses	7,664	7,668
Deferred compensation	373	877
Total current liabilities	110,814	89,076
Long-term deferred revenue	6,269	9,125
Long-term lease liabilities	8,442	10,180
Other long-term liabilities	2,484	7,770
Long-term income taxes payable	2,565	5,054
Deferred income taxes	1,197	1,286
Total liabilities	131,771	122,491
Stockholders' equity
Preferred stock: 500 shares authorized, none issued and outstanding at December 31, 2022 and 2021	0	0
Common stock: $.001 par value per share, 75,000 shares authorized; 40,764 and 40,593 shares issued; 39,726 and 40,001 shares outstanding at December 31, 2022 and 2021, respectively	40	40
Additional paid-in capital	107,305	100,250
Treasury stock, at cost, 1,038 and 592 shares outstanding at December 31, 2022 and 2021, respectively	(18,222)	(12,501)
Retained earnings	128,738	143,173
Accumulated other comprehensive loss	(14,550)	(11,182)
Total stockholders' equity	203,311	219,780
Total liabilities and stockholders' equity	$ 335,082	$ 342,271

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,600	$ 1,419
Preferred stock, shares authorized (in shares)	500	500
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	75,000	75,000
Common stock, shares issued (in shares)	40,764	40,593
Common stock, shares outstanding (in shares)	39,726	40,001
Treasury stock, shares outstanding (in shares)	1,038	592

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue
Total revenue	$ 219,006	$ 214,481	$ 215,691
Cost of goods sold
Total cost of goods sold	70,436	71,546	67,632
Gross profit	148,570	142,935	148,059
Operating costs
Sales and marketing	60,949	62,730	56,663
Research and development	41,735	47,414	41,194
General and administrative	55,552	53,031	46,338
Impairment of intangible assets	3,828	0	0
Restructuring and other related charges	9,482	0	0
Amortization of intangible assets	4,139	5,888	9,122
Total operating costs	175,685	169,063	153,317
Operating loss	(27,115)	(26,128)	(5,258)
Interest income (expense), net	595	(1)	404
Other income (expense), net	14,827	(14)	1,434
Loss before income taxes	(11,693)	(26,143)	(3,420)
Provision for income taxes	2,741	4,441	2,035
Net loss	$ (14,434)	$ (30,584)	$ (5,455)
Net loss per share
Basic (in dollars per share)	$ (0.36)	$ (0.77)	$ (0.14)
Diluted (in dollars per share)	$ (0.36)	$ (0.77)	$ (0.14)
Weighted average common shares outstanding
Basic (in shares)	40,143	39,614	40,035
Diluted (in shares)	40,143	39,614	40,035
Product and license
Revenue
Total revenue	$ 121,426	$ 120,358	$ 132,986
Cost of goods sold
Total cost of goods sold	45,106	46,196	46,013
Services and other
Revenue
Total revenue	97,580	94,123	82,705
Cost of goods sold
Total cost of goods sold	$ 25,330	$ 25,350	$ 21,619

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (14,434)	$ (30,584)	$ (5,455)
Other comprehensive loss
Cumulative translation adjustment, net of tax	(7,245)	(2,997)	4,534
Pension adjustment, net of tax	3,859	2,056	(1,459)
Unrealized losses on available-for-sale securities	18	(21)	0
Comprehensive loss	$ (17,802)	$ (31,546)	$ (2,380)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative effect of change related to adoption of ASU 2016-13, net of tax	Common Stock	Treasury - Common Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings Cumulative effect of change related to adoption of ASU 2016-13, net of tax	Accumulated Other Comprehensive Income (Loss)
Common stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2019			40,207
Beginning balance at Dec. 31, 2019	$ 262,294	$ (254)	$ 40	$ 0	$ 96,109	$ 179,440	$ (254)	$ (13,295)
Treasury stock, beginning balance (in shares) at Dec. 31, 2019				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(5,455)					(5,455)
Foreign currency translation adjustment, net of tax	4,534							4,534
Stock-based compensation (in shares)			242
Stock-based compensation	4,740				4,740
Tax payments for stock issuances (in shares)			(96)
Tax payments for stock issuances	(2,030)				(2,030)
Pension adjustment, net of tax	(1,459)							(1,459)
Repurchase of common shares (in shares)			(250)	250
Repurchase of common shares	(5,030)			$ (5,030)
Unrealized losses on available-for-sale securities	0
Common stock, shares outstanding, ending balance (in shares) at Dec. 31, 2020			40,103
Ending balance at Dec. 31, 2020	257,340		$ 40	$ (5,030)	98,819	173,731		(10,220)
Treasury stock, ending balance (in shares) at Dec. 31, 2020				250
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(30,584)					(30,584)
Foreign currency translation adjustment, net of tax	(2,971)					26		(2,997)
Stock-based compensation (in shares)			385
Stock-based compensation	4,354				4,354
Tax payments for stock issuances (in shares)			(145)
Tax payments for stock issuances	(2,923)				(2,923)
Pension adjustment, net of tax	2,056							2,056
Repurchase of common shares (in shares)			(342)	342
Repurchase of common shares	(7,471)			$ (7,471)
Unrealized losses on available-for-sale securities	$ (21)							(21)
Common stock, shares outstanding, ending balance (in shares) at Dec. 31, 2021	40,001		40,001
Ending balance at Dec. 31, 2021	$ 219,780		$ 40	$ (12,501)	100,250	143,173		(11,182)
Treasury stock, ending balance (in shares) at Dec. 31, 2021	592			592
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (14,434)					(14,434)
Foreign currency translation adjustment, net of tax	(7,246)							(7,245)
Stock-based compensation (in shares)			263
Stock-based compensation	8,642				8,642
Tax payments for stock issuances (in shares)			(92)
Tax payments for stock issuances	(1,587)				(1,587)
Pension adjustment, net of tax	$ 3,859							3,859
Repurchase of common shares (in shares)	(400)		(446)	446
Repurchase of common shares	$ (5,721)			$ (5,721)
Unrealized losses on available-for-sale securities	$ 18							18
Common stock, shares outstanding, ending balance (in shares) at Dec. 31, 2022	39,726		39,726
Ending balance at Dec. 31, 2022	$ 203,311		$ 40	$ (18,222)	$ 107,305	$ 128,738		$ (14,550)
Treasury stock, ending balance (in shares) at Dec. 31, 2022	1,038			1,038

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss from operations	$ (14,434)	$ (30,584)	$ (5,455)
Adjustments to reconcile net loss from operations to net cash provided by (used in) operations:
Depreciation and amortization of intangible assets	7,066	8,926	12,003
Impairment of intangible assets	3,828	0	0
Gains on sale of equity-method investment	(14,810)	0	0
Deferred tax benefit	1,637	2,823	(1,487)
Stock-based compensation	8,642	4,354	4,740
Allowance for doubtful accounts	184	(2,705)	1,611
Changes in operating assets and liabilities:
Accounts receivable	(9,705)	2,047	5,181
Inventories, net	(2,168)	2,209	6,725
Contract assets	52	3,787	(191)
Accounts payable	9,261	2,716	(5,237)
Income taxes payable	(1,140)	(2,525)	(5,642)
Accrued expenses	2,197	3,089	(3,124)
Deferred compensation	(504)	(725)	574
Deferred revenue	8,173	9,713	8,342
Other assets and liabilities	(4,065)	(5,870)	(3,118)
Net cash (used in) provided by operating activities	(5,786)	(2,745)	14,922
Cash flows from investing activities:
Purchase of short-term investments	(15,812)	(59,925)	(34,060)
Maturities of short-term investments	48,550	51,149	32,630
Additions to property and equipment	(4,996)	(2,169)	(3,101)
Additions to intangible assets	(29)	(35)	(133)
Sale of equity-method investment	18,874	0	0
Net cash provided by (used in) investing activities	46,587	(10,980)	(4,664)
Cash flows from financing activities:
Repurchase of common stock	(5,721)	(7,471)	(5,030)
Tax payments for restricted stock issuances	(1,587)	(2,923)	(2,030)
Net cash used in financing activities	(7,308)	(10,394)	(7,060)
Effect of exchange rate changes on cash	(372)	(895)	914
Net increase (decrease) in cash	33,121	(25,014)	4,112
Cash, cash equivalents, and restricted cash, beginning of period	64,227	89,241	85,129
Cash, cash equivalents, and restricted cash, end of period	97,348	64,227	89,241
Supplemental cash flow disclosures:
Cash paid for income taxes	2,025	7,700	9,442
Cash paid for interest	0	0	0
Restricted cash	$ 800	$ 800	$ 900

Description of the Company and

Description of the Company and Basis of Presentation	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Company and Basis of Presentation	Description of the Company and Basis of Presentation Description of the Company Transformation Plan In May 2022, the Company announced a three-year strategic transformation plan that begins on January 1, 2023. The Company expects this transformation plan will enable it to build on its strong solution portfolio and market position, enhance its enterprise go-to-market strategy, accelerate revenue growth, and drive efficiencies to support margin expansion and increased profitability. In conjunction with the strategic transformation plan and to enable a more efficient capital deployment model, effective with the quarter ended June 30, 2022, the Company began reporting under the following two lines of business, which are its reportable operating segments: Digital Agreements and Security Solutions. The Company plans to manage Digital Agreements for accelerated growth and market share gains and Security Solutions for cash flow given its more modest growth profile. For further information regarding the Company’s reportable segments, see Note 3, Segment Information . While the Company’s consolidated results will not be impacted, the Company has recast its segment information during 2022 for comparable presentation. Principles of Consolidation Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Foreign Currency Translation and Transactions

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Cash and Cash Equivalents and Restricted Cash at December 31, 2022 and 2021. Short-term Investments The Company’s short-term investments are in debt securities which consist of U.S treasury bills and notes, U.S. government agency notes, corporate notes, and high-quality commercial paper with maturities at acquisition of more than three months and less than twelve months. The Company classifies its investments in debt securities as available-for-sale. In accordance with Accounting Standards Update "ASU" No. 2016-13, credit impairments are recorded through an allowance and are recorded through a charge to the consolidated statement of operations. Unrealized gains or losses not related to credit impairments are recorded in “Accumulated other comprehensive loss” on the consolidated balance sheets. The Company reviews available-for-sale debt securities for impairments related to credit losses and other factors each quarter. As of December 31, 2022 and 2021, the unrealized gains and losses were not material. Credit Losses Reasonable assurance of collection is a requirement for revenue recognition. Credit limit adjustments for existing customers may result from the periodic review of outstanding accounts receivable. The Company records trade accounts receivable at invoice values, which are generally equal to fair value. In accordance with ASU No. 2016-13, the Company evaluates its allowance based on expected losses rather than incurred losses, which is known as the current expected credit loss (“CECL”) model. The allowance is determined using the loss rate approach and is measured on a collective (pool) basis when similar risk characteristics exist. Where financial instruments do not share risk characteristics, they are evaluated on an individual basis. The allowance is based on relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Fair Value of Financial Instruments At December 31, 2022 and 2021, the Company's financial instruments were Cash and cash equivalents, Short-term investments, Accounts receivable, Accounts payable, and Accrued liabilities. The estimated fair value of financial instruments has been determined by using available market information and appropriate valuation methodologies, as defined in Accounting Standards Codification "ASC" 820, Fair Value Measurements . The fair values of the financial instruments were not materially different from their carrying amounts at December 31, 2022 and 2021. See Note 9, Fair Value Measurements, for additional detail. Inventories Inventories, consisting principally of hardware and component parts, are stated at the lower of cost or net realizable value. Cost is determined using the first-in-first-out (FIFO) method. The Company writes down inventory when it appears that the carrying cost of the inventory may not be recovered through subsequent sale of the inventory. The Company analyzes the quantity of inventory on hand, the quantity sold in the past year, the anticipated sales volume in the form of sales to new customers as well as sales to previous customers, the expected sales price and the cost of making the sale when evaluating the valuation of inventory. If the sales volume or sales price of a specific model declines significantly, additional write downs may be required. Property and Equipment, net Property and equipment, net, is stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets ranging from three the lesser of the remaining lease term or 10 years. Additions and improvements are capitalized, while expenditures for maintenance and repairs are charged to operations as incurred. Gains or losses resulting from sales or retirements are recorded as incurred, at which time related costs and accumulated depreciation are removed from the accounts. Accounting for Leases All of the Company's leases are operating leases. The Company records leases in accordance with ASC Topic 842, Leases. The Company elected the following practical expedients: • The package of practical expedients permitted under the transition guidance within the new standard. The practical expedient package applies to leases commenced prior to adoption of the new standard and permits companies not to reassess whether existing or expired contracts contain a lease, the lease classification, and any initial direct costs for existing leases. • The short-term lease practical expedient, which allowed the Company to exclude short-term leases from recognition in the consolidated balance sheets; • The Company has lease agreements that contain lease and non-lease components. For automobile leases, lease and non-lease components are accounted for together. For office leases, the components are accounted for separately using a relative standalone selling basis; and • The Company applies the portfolio approach to automobile leases with similar characteristics that commence in the same period. The difference between the asset and liability is a result of lease incentives, such as tenant improvement allowances, and deferred rent on the consolidated balance sheet at transition. See Note 11, Leases, for additional information. Goodwill Goodwill represents the excess of purchase price over the fair value of net identifiable assets acquired in a business combination. The Company assesses the impairment of goodwill annually or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The annual impairment test date is October 1. The Company’s impairment assessment begins with a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. The qualitative assessment includes comparing the overall financial performance of the reporting unit against the planned results. Additionally, the reporting unit’s fair value is assessed in light of certain events and circumstances, including macroeconomic conditions, industry and market considerations, cost factors, and other relevant entity- and reporting unit specific events. The selection and assessment of qualitative factors used to determine whether it is more likely than not that the fair value of a reporting unit exceeds the carrying value involves significant judgments. If it is determined under the qualitative assessment that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the estimated fair value of the reporting unit is compared with its carrying value. An impairment charge is recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. As a result of the transformation plan and new reportable operating segments, the Company allocated the goodwill balance to each of its reporting units and respective reportable operating segments on May 17, 2022. Prior to the transformation plan, the Company operated under one reporting unit. See Note 1, Description of the Company and Basis of Presentation, for additional information. No goodwill impairment was recorded during the years ended December 31, 2022, 2021, and 2020. Long-Lived and Intangible Assets Finite-lived intangible assets include proprietary technology, customer relationships, and other intangible assets. Intangible assets other than patents with definite lives are amortized over the useful life, generally three proprietary technology and five Long-lived assets, including property, plant and equipment, operating lease right-of-use assets, finite-lived intangible assets being amortized and capitalized software costs for internal use, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset group may not be recoverable. An impairment loss shall be recognized if the carrying amount of a long-lived asset group exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset group exceeds its fair value. Long-lived assets held for sale are reported at the lower of carrying value or fair value less cost to sell. Equity Method Investment On January 31, 2022, the Company sold its equity interest in Promon AS (Promon) for $18.9 million and recorded the gain on sale of $14.8 million in “Other income (expense), net”, on the consolidated statement of operations for the year ended December 31, 2022. Promon is a technology company headquartered in Norway that specializes in mobile app security, whose solutions focus largely on Runtime Application Self-Protection (RASP). Prior to January 31, 2022, the Company held a 17% interest in Promon and applied the equity method of accounting to its investment in Promon because it exercised significant influence on, but did not hold a controlling interest in, the investee. Under the equity method of accounting, the Company’s proportionate share of the net earnings (losses) of Promon was reported in “Other income (expense), net”, on the consolidated statements of operations. The impact of the proportionate share of net earnings (losses) was immaterial for the years ended December 31, 2022, 2021, and 2020, as were the relative size of Promon’s assets and operations in relation to the Company’s. The Company intends to continue to purchase and integrate Promon’s RASP technology into its customer software solutions. Share Repurchase Program On May 12, 2022, the Board of Directors terminated the stock repurchase program adopted on September 10, 2020 and adopted a new stock repurchase program under which the Company is authorized to repurchase up to $50.0 million of its issued and outstanding common stock. Share purchases under the program will take place in open market transactions or in privately negotiated transactions and may be made from time to time depending on market conditions, share price, trading volume, and other factors. The timing of the repurchases and the amount of stock repurchased in each transaction is subject to OneSpan’s sole discretion and will depend upon market and business conditions, applicable legal and credit requirements and other corporate considerations. The authorization is effective until May 11, 2024 unless the total amount has been used or authorization has been cancelled. During the year ended December 31, 2022, the Company repurchased 0.4 million shares of the Company’s stock for $5.7 million in the aggregate at an average cost of $12.83 per share under its repurchase program. Revenue Recognition • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when, or as, we satisfy a performance obligation. Revenues are recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services, which excludes any sales incentives and amounts collected on behalf of third parties. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight before control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in "Cost of goods sold". Nature of Goods and Services Subscription : Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. Maintenance and support : Maintenance and support agreements generally call for the Company to provide software updates and technical support, respectively, to customers. The annual fee for maintenance and technical support is recognized ratably over the term of the maintenance and support agreement as this is the period the services are delivered. Customer payments are normally in advance for annual service. Professional Services and other Revenue : Professional services revenues are primarily comprised of implementing, automating and extending business processes, technology infrastructure, and software applications. Professional services revenues are recognized over time as services are rendered, usually over a period of time that is generally less than a few months. Most projects are performed on a time and materials basis while a portion of revenues is derived from projects performed on a fixed fee. For time and material contracts, revenues are generally recognized and invoiced by multiplying the number of hours expended in the performance of the contract by the contractual hourly rates. For fixed fee contracts, revenues are generally recognized using an input method based on the ratio of hours expended to total estimated hours to complete the services. Customer payments normally correspond with delivery. Professional services and other revenue includes perpetual licenses revenue, which was less than 3% of revenue for the year ended December 31, 2022 and less than 6% for the year ended December 31, 2021. Perpetual licenses grant the customer unlimited access to the software. Hardware products : Revenue from the sale of security hardware is recorded upon shipment, which is the point at which control of the goods are transferred and the performance obligations are completed, unless there are specific terms that would suggest control is transferred at a later date (e.g. delivery). No significant obligations or contingencies typically exist with regard to delivery, customer acceptance or rights of return at the time revenue is recognized. Customer invoices and subsequent payments normally correspond with delivery. The Company also enters into separate service agreements with certain hardware customers to perform In these situations, revenue is recognized prior to physical delivery of a good (i.e. “bill-and-hold arrangements). The Company evaluates bill-and-hold arrangement, and records revenue accordingly when the following criteria is met: • The reason for the bill-and-hold arrangement is substantive; • The product is identified separately as belonging to the customer; • The product currently is ready for physical transfer to the customer; • The Company does not have the ability to use the product or to direct it to another customer. Multiple-Element Arrangements In the Company's typical multiple-element arrangement, the primary deliverables include: 1. A client component (i.e. an item that is used by the person being authenticated in the form of either a new standalone hardware device or software that is downloaded onto a device that the customer already owns); 2. Server system software that is installed on the customer’s systems (i.e. software on the server system that verifies the identity of the person being authenticated) or licenses for additional users on the server system software if the server system software had been installed previously; and 3. Post contract support (PCS) in the form of maintenance on the server system software or support. The Company's multiple-element arrangements may also include other items that are usually delivered prior to the recognition of any revenue and are incidental to the overall transaction such as initialization of the hardware device, customization of the hardware device itself or the packaging in which it is delivered, deployment services where the Company delivers the device to its customer’s end-use customer or employee and, in some limited cases, professional services to assist with the initial implementation of a new customer. Significant Judgments The Company enters into contracts to deliver a combination of hardware devices, software licenses, subscriptions, maintenance and support and, in some situations, professional services. The Company evaluates the nature of the goods or services promised in these arrangements to identify the distinct performance obligations. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment depending on the terms and conditions of the respective customer arrangement. When a hardware client device and licenses to server software are sold in a contract, they are treated as a single performance obligation because the software license is deemed to be a component of the hardware that is integral to the functionality of the hardware that is used by customers for identity authentication. When a software client device is sold in a contract server software, the licenses are considered a single performance obligation to deliver the authentication solution to the customer. In either of these types of arrangements, maintenance and support and professional services are typically distinct separate performance obligations from the hardware or software solutions. Contracts to deliver subscription services typically do not include multiple performance obligations; however, in certain limited cases customers may purchase professional services that are distinct performance obligations. For contracts that contain multiple performance obligations, the transaction price is allocated to the separate performance obligations based on their estimated relative standalone selling price. Judgment is required to determine the stand-alone selling price (“SSP”) of each distinct performance obligation. We determine SSP for maintenance and support and professional services based on observable inputs; specifically, the range of prices charged to customers to renew annual maintenance and support contracts and the range of hourly rates we charge customers in standalone professional services contracts. In instances where SSP is not directly observable, and when we sell at a highly variable price range, such as for transactions involving software licenses or subscriptions, we determine the SSP for those performance obligations using the residual approach. Cost of Goods Sold Included in "Product and license cost of goods sold" are direct product costs and direct costs to deliver and provide software licenses. Cost of goods sold related to service and other revenues are primarily costs related to cloud subscription solutions, including personnel and equipment costs, and personnel costs of employees providing professional services and maintenance support. Research and Development Costs Other costs for research and development, principally the design and development of hardware, and the design and development of software prior to the determination of technological feasibility, are expensed as incurred on a project-by-project basis. Stock-Based Compensation Stock Compensation . ASC 718, Stock Compensation, requires the Company to estimate the fair value of restricted stock granted to employees, directors and others to record compensation expense equal to the estimated fair value. Compensation expense is recorded on a straight-line basis over the vesting period for time-based awards and performance and market-based awards with cliff vesting provisions and on a graded basis for performance and market-based awards with graded vesting provisions. Forfeitures are recorded as incurred. Retirement Benefits Other Income (Expense), Net Other income (expense), net, consists primarily of exchange gains (losses) on transactions that are denominated in currencies other than the Company’s subsidiaries’ functional currencies, subsidies received from foreign governments in support of the Company's research and development in those countries and other miscellaneous non-operational income and expenses. Income Taxes from uncertain tax positions. The Company’s provision for income taxes is significantly affected by shifts in the geographic mix of its pre-tax earnings across tax jurisdictions, changes in tax laws and regulations, and tax planning opportunities available in each tax jurisdiction. Recently Issued Accounting Pronouncements In November 2021, the FASB issued ASU 2021-10, Government Assistance: Disclosures by Business Entities about Government Assistance ("ASU 2021-10") , which requires business entities to disclose certain information about certain government assistance they receive. ASU 2021-10 is effective for annual periods beginning after December 15, 2021. The adoption of this standard did not have a material impact on the Company's consolidated financial statements. From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the issued standards that are not yet effective will not have a material impact on the consolidated financial statements upon adoption.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information In May 2022, the Company announced a three-year strategic transformation plan begins on January 1, 2023. The Company expects this transformation plan that will enable it to build on its strong solution portfolio and market position, enhance its enterprise go-to-market strategy, accelerate revenue growth, and drive efficiencies to support margin expansion and increased profitability. In conjunction with the strategic transformation plan and to enable a more efficient capital deployment model, effective with the quarter ended June 30, 2022, the Company began reporting under the following two lines of business, which are its reportable operating segments: Digital Agreements and Security Solutions. The Company expects to manage Digital Agreements for accelerated growth and market share gains and Security Solutions for cash flow given its more modest growth profile. Segments are defined as components of a company that engage in business activities from which they may earn revenues and incur expenses, and for which separate financial information is available and is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate resources and in assessing performance. The Company’s CODM is its Chief Executive Officer. • Digital Agreements. Digital Agreements consists of solutions that enable the Company’s clients to secure and automate business processes associated with their digital agreement and customer transaction lifecycles that require consent, non-repudiation and compliance. These solutions, which are largely cloud-based, include the Company’s OneSpan Sign e-signature solution and its recently introduced OneSpan Notary and Virtual Room solutions. As the transformation plan progresses, the Company expects to include other cloud-based security modules associated with the secure transaction lifecycle of identity verification, authentication, virtual interactions and transactions, and secure digital storage in the Digital Agreements segment. This segment also includes costs attributable to our next-generation transaction-cloud platform. • Security Solutions. Security Solutions consists of a broad portfolio of software products and/or software development kits (SDKs) that are used to build applications designed to defend against attacks on digital transactions across online environments, devices and applications. These solutions, which are largely on-premises software products, include identity verification, multi-factor authentication and transaction signing, such as mobile application security, mobile software tokens, and Digipass authenticators that are not cloud-connected devices. Segment operating income consists of the revenues generated by a segment, less the direct costs of revenue, sales and marketing, research and development expenses, amortization expense, and restructuring and other related charges that are incurred directly by a segment. The Company recorded $2.3 million and $1.8 million of amortization expense in Digital Agreements operating income and Security Solutions operating income, respectively, during the year ended December 31, 2022. During the year ended December 31, 2021, the Company recorded $2.5 million and $3.3 million of amortization expense in Digital Agreements operating income and Security Solutions operating income, respectively. The Company recorded $5.9 million and $3.1 million of amortization expense in Digital Agreements operating income and Security Solutions operating income, respectively, during the year ended December 31, 2020.Unallocated corporate costs include costs related to administrative functions that are performed in a centralized manner that are not attributable to a particular segment. The tables below set forth information about the Company’s operating segments for the years ended December 31, 2022, 2021, and 2020, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements. Years Ended December 31, 2022 2021 2020 (In thousands, except percentages) Digital Agreements Revenue $ 48,401 $ 40,551 $ 29,633 Gross profit $ 37,488 $ 29,557 $ 20,361 Gross margin 77 % 73 % 69 % Operating income $ 5,348 $ (1,612) $ (7,559) Security Revenue $ 170,605 $ 173,930 $ 186,058 Gross profit $ 111,082 $ 113,378 $ 127,698 Gross margin 65 % 65 % 69 % Operating income $ 32,051 $ 35,395 $ 55,295 Total Company: Revenue $ 219,006 $ 214,481 $ 215,691 Gross profit $ 148,570 $ 142,935 $ 148,059 Gross margin 68 % 67 % 69 % Statements of operations reconciliation: Segment operating income $ 37,399 $ 33,783 $ 47,736 Corporate operating expenses not allocated at the segment level 64,514 59,911 52,994 Operating loss $ (27,115) $ (26,128) $ (5,258) Interest income, net 595 (1) 404 Other income (expense), net 14,827 (14) 1,434 Loss before income taxes $ (11,693) $ (26,143) $ (3,420) 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, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 Digital Agreements Security Solutions Digital Agreements Security Solutions Digital Agreements Security Solutions (In thousands) Subscription (1) $ 42,029 $ 47,124 $ 33,283 $ 35,224 $ 22,632 $ 29,757 Maintenance and support 5,451 42,894 5,709 45,567 5,035 44,193 Professional services and other (2) 921 7,087 1,494 13,703 1,966 30,259 Hardware products — 73,500 65 79,436 — 81,849 Total Revenue $ 48,401 $ 170,605 $ 40,551 $ 173,930 $ 29,633 $ 186,058 1. Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. 2. Professional services and other includes perpetual software licenses revenue, which was approximately 2%, 5%, and 12% of total revenue for the years ended December 31, 2022, 2021, and 2020, respectively. Goodwill and Other . Asset information by segment is not reported to or reviewed by the CODM to allocate resources, and therefore, the Company has not disclosed asset information for the segments. The Company classifies sales by customers’ locations in three geographic regions: 1) EMEA, which includes Europe, the Middle East, and Africa; 2) the Americas, which includes sales in North, Central, and South America and Canada; and 3) Asia Pacific, which also includes Australia and New Zealand. (In thousands) Europe, Americas Asia Pacific Total 2022 Revenue $ 100,298 $ 77,740 $ 40,968 $ 219,006 Gross profit 68,040 52,738 27,792 148,570 Long-lived assets 4,856 15,270 577 20,703 2021 Revenue $ 104,878 $ 68,646 $ 40,957 $ 214,481 Gross profit 69,893 45,747 27,295 142,935 Long-lived assets 5,978 13,634 342 19,954 2020 Revenue $ 117,086 $ 53,171 $ 45,434 $ 215,691 Gross profit 78,456 37,532 32,071 148,059 Long-lived assets 7,482 14,968 741 23,191 For the years 2022, 2021, and 2020, the top 10 customers contributed 23%, 22% and 21%, respectively, of total worldwide revenue. The majority of the Company's hardware products are assembled by four independent factories in China and one independent factory in Romania.

Inventories, net

Inventories, net	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net Inventories, net, consisting principally of hardware and component parts, are stated at the lower of cost or net realizable value. Cost is determined using the FIFO method. Inventories, net, are comprised of the following as of December 31, 2022 and 2021: December 31, (In thousands) 2022 2021 Component parts $ 6,762 $ 3,841 Work-in-process and finished goods 5,292 6,504 Total $ 12,054 $ 10,345

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenues The following tables present the Company's revenues disaggregated by major products and services, geographical region and timing of revenue recognition. Revenue by major products and services Years Ended December 31, 2022 2021 2020 (In thousands) Subscription (1) $ 89,153 $ 68,507 $ 52,389 Maintenance and support 48,345 51,276 49,228 Professional services and other (2) 8,008 15,197 32,225 Hardware products 73,500 79,501 81,849 Total Revenue $ 219,006 $ 214,481 $ 215,691 1. Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. 2. Professional services and other includes perpetual software licenses revenue, which was approximately 2%, 5%, and 12% of total revenue for the years ended December 31, 2022, 2021, and 2020, respectively. Revenue by location of customer for the years ended December 31, 2022, 2021, and 2020 (In thousands, except percentages) EMEA Americas APAC Total Total Revenue: 2022 $ 100,298 $ 77,740 $ 40,968 $ 219,006 2021 $ 104,878 $ 68,646 $ 40,957 $ 214,481 2020 $ 117,086 $ 53,171 $ 45,434 $ 215,691 Percent of Total: 2022 46 % 35 % 19 % 100 % 2021 49 % 32 % 19 % 100 % 2020 54 % 25 % 21 % 100 % Timing of revenue recognition Years Ended December 31, (In thousands) 2022 2021 2020 Products and Licenses transferred at a point in time $ 121,426 $ 120,358 $ 132,986 Services transferred over time 97,580 94,123 82,705 Total Revenue $ 219,006 $ 214,481 $ 215,691 Contract balances The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of December 31, 2022 and 2021: (In thousands) December 31, 2022 2021 Receivables, inclusive of trade and unbilled $ 65,132 $ 56,612 Contract Assets (current and non-current) $ 4,642 $ 4,889 Contract Liabilities (Deferred Revenue current and non-current) $ 70,907 $ 63,742 Contract assets relate primarily to multi-year term license arrangements and the remaining contractual billings. These contract assets are transferred to receivables when the right to billing occurs, which is normally over 3-5 years. The contract liabilities primarily relate to the advance consideration received from customers for subscription and maintenance services. Revenue is recognized for these services over time. As a practical expedient, the Company does not adjust the promised amount of consideration for the effects of a significant financing component when it is expected, at contract inception, that the period between the Company's transfer of a promised product or service to a customer and when the customer pays for that product or service will be one year or less. Extended payment terms are not typically included in contracts with customers. Revenue recognized during the year ended December 31, 2022 included $52.8 million that was included on the December 31, 2021 consolidated balance sheet in contract liabilities. Deferred revenue increased in the same period due to timing of annual renewals. Transaction price allocated to the remaining performance obligations table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2022: (In thousands) 2023 2024 2025 Beyond 2025 Total Future revenue related to current unsatisfied performance obligations $ 44,407 $ 19,574 $ 7,872 $ 5,336 $ 77,189 The Company applies practical expedients and does not disclose information about remaining performance obligations (a) that have original expected durations of one year or less, or (b) where revenue is recognized as invoiced. Costs of obtaining a contract The Company incurs incremental costs related to commissions, which can be directly tied to obtaining a contract. The Company capitalizes commissions associated with certain new contracts and amortizes the costs over a period of up to seven years, which is the determined benefit period based on the transfer of goods or services. The Company determined the period of benefit by taking into consideration the customer contracts, its technology and other factors, including customer attrition. Commissions are earned upon invoicing to the customer. For contracts with multiple year payment terms, because the commissions that are payable after year 1 are payable based on continued employment, they are expensed when incurred . Commissions and amortization expense are included in “Sales and marketing” expense in the consolidated statements of operations. Applying the practical expedient, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period for the assets that the Company otherwise would have recognized is one year or less. These costs are included in the “Sales and marketing” caption in the consolidated statements of operations. The following tables provide information related to the capitalized costs and amortization recognized in the current and prior period: December 31, (In thousands) 2022 2021 Capitalized costs to obtain contracts, current $ 2,929 $ 2,134 Capitalized costs to obtain contracts, non-current $ 10,571 $ 8,675 (In thousands) Years Ended December 31, 2022 2021 Amortization of capitalized costs to obtain contracts $ 2,404 $ 1,555 Impairments of capitalized costs to obtain contracts $ — $ —

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following tables present the changes in goodwill during 2022 and 2021: Digital Agreements Security Solutions Total In thousands Net balance at December 31, 2020 $ — $ — $ 97,552 Net foreign currency translation — — (1,378) Net balance at December 31, 2021 — — 96,174 Goodwill reallocation 20,966 75,208 — Net foreign currency translation (1,234) (4,426) (5,660) Net balance at December 31, 2022 $ 19,732 $ 70,782 $ 90,514 Goodwill reallocation: As a result of the transformation plan and new reportable operating segments, the Company allocated the goodwill balance to each reporting unit and respective reportable operating segments on May 17, 2022 (see Note 1, Description of the Company and Basis of Presentation ). Additionally, the Company performed a goodwill impairment test on the goodwill balances of each of the reporting units of its reportable operating segments as of May 17, 2022, by comparing the fair value of each reporting unit to its carrying value, including the allocated goodwill. The Company concluded that there was no indication of goodwill impairment for any of the reporting units as of May 17, 2022. No impairment of goodwill was recorded during the years ended December 31, 2022, 2021, or 2020.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets December 31, 2022 2021 (In thousands) Useful Life (in years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Acquired technology 3 to 7 $ 42,022 $ 41,894 $ 43,034 $ 42,281 Customer relationships 5 to 12 34,386 23,323 39,814 20,653 Patents and trademarks 10 to 20 13,518 12,227 13,549 12,193 Total $ 89,926 $ 77,444 $ 96,397 $ 75,127 Amortization expense was $4.1 million, $5.9 million, and $9.1 million for the years ended December 31, 2022, 2021, and 2020, respectively. Certain intangible assets are denominated in local currencies and are subject to currency fluctuations. There were no additional impairments of intangible assets recorded during the years ended December 31, 2022, 2021, and 2020. The estimated future amortization expense of intangible assets as of December 31, 2022, is as follows: 2023 $ 2,338 2024 2,335 2025 2,334 2026 2,328 2027 2,123 Thereafter 263 Subject to amortization 11,721 Trademarks 761 Total intangible assets $ 12,482

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net December 31, (In thousands) Useful Life (in years) 2022 2021 Office equipment and software 3-5 $ 14,451 $ 14,327 Leasehold improvements 10 9,927 10,296 Furniture and fixtures 5 4,260 4,223 Capitalized software 3 4,007 — Total 32,645 28,846 Accumulated depreciation (19,964) (18,089) Property and equipment, net $ 12,681 $ 10,757

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair values of cash equivalents, "Receivables, net", and "Accounts payable" approximate their carrying amounts due to their short duration. The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing base upon its own market assumptions. The estimated fair value of financial instruments has been determined by using available market information and appropriate valuation methodologies, as defined in ASC 820, Fair Value Measurements . The fair value hierarchy consists of the following three levels: • Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs are quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market-corroborated inputs which are derived primarily from or corroborated by observable market data. • Level 3 – Inputs are derived from valuation techniques in which one or more significant inputs or value drivers are unobservable. The following tables summarize the Company’s financial assets by level in the fair value hierarchy, which are measured at fair value on a recurring basis, as of December 31, 2022 and 2021: Fair Value Measurement at Reporting Date Using (In thousands) December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Corporate Notes / Bonds $ 2,328 — $ 2,328 — Commercial Paper $ 6,743 — $ 6,743 — Money Market Funds $ 28,388 — $ 28,388 — Fair Value Measurement at Reporting Date Using (In thousands) December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Treasury Notes $ 4,038 — $ 4,038 — Corporate Notes / Bonds $ 9,585 — $ 9,585 — Commercial Paper $ 8,996 — $ 8,996 — U.S. Treasury Bills $ 9,990 — $ 9,990 — U.S. Government Agencies $ 2,499 — $ 2,499 — The Company classifies its investments in debt securities as available-for-sale. The Company reviews available-for-sale debt securities for impairments related to losses and other factors each quarter. The unrealized gains and losses on the available-for-sale debt securities were not material as of December 31, 2022 and 2021. The Company’s non-financial assets and liabilities, which include goodwill and long-lived assets held and used, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur, or if an annual impairment test is required, the Company would evaluate the non-financial assets and liabilities for impairment. If an impairment was to occur, the asset or liability would be recorded at its estimated fair value. During the year ended December 31, 2022, the Company recorded an impairment of its Dealflo customer relationships intangible asset in the amount of $3.8 million, which was the entire remaining value of the asset. See Note 7, Intangible Assets, for additional information. No impairment was recorded during the year ended December 31, 2021.

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2022
Credit Loss [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The change in the allowance for credit losses during the years ended December 31, 2021 and 2022 were as follows: (In thousands) Balance at December 31, 2020 4,135 Provision (16) Write-offs (2,689) Net foreign currency translation (11) Balance at December 31, 2021 $ 1,419 Provision 517 Write-offs (334) Net foreign currency translation (2) Balance at December 31, 2022 $ 1,600 During the years ended December 31, 2022 and 2021, the Company wrote off $0.3 million and $2.7 million, respectively, of accounts receivable that were fully reserved for and no longer deemed collectible.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases The Company leases certain real estate and automobiles. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the consolidated balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company determines if an arrangement is a lease at inception. All of the Company's leases are operating leases. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Company’s leases do not provide an implicit rate of return, the Company uses its imputed collateralized rate based on the information available at the commencement date in determining the present value of lease payments. Operating lease ROU assets are comprised of the lease liability plus prepaid rents and are reduced by lease incentives or deferred rents. The Company has lease agreements with non-lease components which are not bifurcated. Some of the Company's leases include one or more options to renew, with renewal terms that can extend the lease from one Operating lease cost details for the years ended December 31, 2022, 2021, and 2020 are as follows: Years Ended December 31, 2022 2021 2020 (In thousands) Building rent $ 2,117 $ 2,564 $ 2,978 Automobile rentals 1,180 1,505 1,576 Total net operating lease costs $ 3,297 $ 4,069 $ 4,554 Short-term lease costs and variable lease costs recognized during the years ended December 31, 2022, 2021, and 2020 are immaterial. Supplemental consolidated balance sheet information related to operating leases as of December 31, 2022 and 2021, is as follows: December 31, 2022 2021 (In thousands) Leases Assets $ 8,022 $ 9,197 Operating lease right-of-use assets $ 8,022 $ 9,197 Liabilities Current Operating lease liabilities $ 2,258 $ 2,476 Noncurrent Operating lease liabilities 8,442 10,180 Total lease liabilities $ 10,700 $ 12,656 The weighted average remaining lease term for operating leases is 5.7 years. The weighted-average discount rate for operating leases is 5%. Supplemental consolidated cash flow information related to leases is as follows: Years Ended December 31, 2022 2021 2020 (In thousands) Supplemental cash flow and other information related to leases: Operating cash payments from operating leases $ 3,346 $ 3,630 $ 3,835 ROU assets obtained in exchange for new operating lease liabilities $ 1,172 $ 589 $ 3,549 Maturities of the Company's operating leases as of December 31, 2022 are as follows: (In thousands) 2023 $ 2,743 2024 2,082 2025 1,778 2026 1,698 2027 1,530 Later years 2,713 Less imputed interest (1,844) Total lease liabilities $ 10,700

Quarterly Results of Operations

Quarterly Results of Operations (unaudited)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results of Operations (unaudited)	Quarterly Results of Operations (unaudited) The quarterly results of operations are summarized in the following select income statement line items (in thousands, except per share data): First Second Third Fourth 2022 Total revenues $ 52,447 $ 52,790 $ 57,147 $ 56,622 Gross profit 36,678 35,506 38,431 37,955 Operating costs 45,921 43,744 44,056 41,964 Operating income (loss) (9,243) (8,238) (5,625) (4,009) Provision (benefit) for income taxes 1,173 472 600 496 Net income (loss) 5,214 (9,350) (7,201) (3,097) Net income/(loss) per share: Basic $ 0.13 $ (0.23) $ (0.18) $ (0.08) Diluted $ 0.13 $ (0.23) $ (0.18) $ (0.08) 2021 Total revenues $ 50,775 $ 52,277 $ 52,276 $ 59,153 Gross profit 34,242 34,831 36,395 37,467 Operating costs 43,536 43,690 38,411 43,426 Operating income (loss) (9,294) (8,859) (2,016) (5,959) Provision (benefit) for income taxes (501) (1,143) (762) 6,847 Net income (loss) (9,151) (6,685) (975) (13,773) Net income/(loss) per share: Basic $ (0.23) $ (0.17) $ (0.02) $ (0.36) Diluted $ (0.23) $ (0.17) $ (0.02) $ (0.36)

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income (loss) before income taxes was generated in the following jurisdictions: Years Ended December 31, 2022 2021 2020 (In thousands) U.S. $ (9,569) $ (15,056) $ 1,046 Non-U.S. (2,124) (11,087) (4,466) Total $ (11,693) $ (26,143) $ (3,420) For the years ended December 31, 2022, 2021, and 2020, domestic income excludes intercompany dividend income of $0 million, $0 million, and $38.0 million, respectively. The provision (benefit) for income taxes consists of the following: Years Ended December 31, 2022 2021 2020 (In thousands) Current: Federal $ 122 $ (11) $ 1,715 State 32 (23) 49 Foreign 1,665 2,478 1,758 Total current 1,819 2,444 3,522 Deferred: Federal (349) 3,774 1,385 State 35 (3) (24) Foreign 1,236 (1,774) (2,848) Total deferred 922 1,997 (1,487) Total $ 2,741 $ 4,441 $ 2,035 For 2022, 2021, and 2020, the Company's U.S. federal statutory rate was 21%. The differences between the income tax provisions computed using the statutory federal income tax rate and the provisions for income taxes reported in the consolidated statements of operations are as follows: Years Ended December 31, 2022 2021 2020 (In thousands) Expected tax at statutory rate $ (2,456) $ (5,490) $ (718) Foreign taxes at other rates 3,373 307 (309) Valuation allowance changes 4,370 15,019 2,617 Global intangible low-taxed income inclusion — — 339 State income taxes, net of federal benefit (322) (811) 32 Uncertain tax positions (515) 12 235 Research credits (2,568) (3,466) (1,029) Disallowed expenses and other 859 (1,130) 868 Total $ 2,741 $ 4,441 $ 2,035 Significant components of the Company's deferred tax assets and liabilities as of December 31, 2022 and 2021, are as follows: December 31, 2022 2021 (In thousands) Deferred tax assets: Stock and long-term compensation plans $ 923 $ 1,337 Foreign NOL & other carryforwards 41,154 38,153 US and state NOL carryforwards 5,654 5,539 Deferred revenue 863 2,068 Pension liability 498 1,547 Amortization and depreciation 526 257 Lease liability 2,641 3,171 Capitalized research and development 487 — Accrued expenses and other 1,427 1,157 Total gross deferred tax assets 54,173 53,229 Less: Valuation allowance (39,177) (34,979) Net deferred income tax assets $ 14,996 $ 18,250 Deferred tax liabilities: Accruals $ 319 $ 231 Tax on unremitted foreign earnings 1,249 1,357 Right of use asset 2,531 2,872 Intangible assets 3,009 5,225 Tax on credits 3,736 3,439 Contract acquisition costs 3,448 2,626 Deferred tax liabilities $ 14,292 $ 15,750 Net deferred tax assets $ 704 $ 2,500 Deferred tax assets and liabilities are netted by tax jurisdiction. At December 31, 2022, the Company had foreign and state net operating loss (NOL) carryforwards and other foreign deductible carryforwards as shown in the following table: Carryforward Expiration (In thousands) NOL Carryforward Canada $ 24,804 2034-2039 United States 17,989 None United Kingdom 9,569 None Switzerland 14,319 2028-2029 Other foreign 5,886 None Canada province 25,502 2034-2039 U.S. states 27,680 2023-2042 $ 125,749 Other Carryforwards United States credit $ 828 2032 Canada 47,526 None Canada province 61,657 None Capital loss 383 None Canada credits 9,809 2025-2042 Canada province credits 3,980 2036-2042 $ 124,183 $ 249,932 The valuation allowance against the net deferred tax assets as of December 31, 2022 and 2021 was $39.2 million and $35.0 million, respectively. The Company recorded changes in valuation allowance of $4.4 million and $15.0 million, during the years ended December 31, 2022 and 2021, respectively, against deferred tax assets that, based on the Company's assessment are considered not to be more likely than not to be realized. The increase in the valuation allowance in 2022 reflects Net Operating Losses (“NOLs”), other deduction carryforwards, and credits for which the realization is not more likely than not. The change in valuation allowance also reflects other factors including, but not limited to, changes in the Company's assessment of the ability to use existing deferred tax assets, including NOLs and other deduction carryforwards. The Company assesses the need for a valuation allowance on a regular basis, weighing all positive and negative evidence to determine whether a deferred tax asset will be fully or partially realized. In evaluating the realizability of deferred tax assets, significant pieces of negative evidence such as 3-year cumulative losses are considered. The Company also reviewed reversal patterns of temporary differences to determine if the Company would have sufficient taxable income due to the reversal of temporary differences to support the realization of deferred tax assets. In 2022 and 2021, the Company made the decision to establish a valuation allowance against certain deferred tax assets in jurisdictions that were not previously valued as the deferred tax assets were no longer more likely than not to be realized. The Company continues to maintain a valuation allowance against certain deferred tax assets in other jurisdictions where assets had been previously valued. For all other remaining deferred tax assets, the Company believes it is still more likely than not that the results of future operations or tax planning strategies will generate sufficient taxable income to realize the deferred tax assets. The Company's policy is to record interest and penalties on income taxes as income tax expense, It recorded expense of less than $0.1 million in 2022 and 2021, and $0.1 million during 2020. ASC 740, Income Taxes sets a “more-likely-than-not” criterion for recognizing the tax benefit of uncertain tax positions. As of December 31, 2022, 2021, and 2020, the Company had reserves of $0 million, $0.5 million, and $0.5 million, respectively. December 31, 2022 2021 2020 (In thousands) Reserve at beginning of year $ 512 $ 500 $ 2,923 Increases related to prior year tax positions — 12 277 Decreases related to prior year tax positions (512) — (37) Settlement — — (2,663) Total $ — $ 512 $ 500 The Company files income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions, and is subject to examination of its income tax returns by the IRS and other tax authorities. The Company reduced an uncertain tax position in the U.S. upon filing of an accounting method change and receiving audit protection. The Company believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company's tax audits are resolved in a manner not consistent with the Company's expectations, there could be a requirement to adjust the provision for income taxes in the period such resolution occurs. Included in the balance of unrecognized tax benefits as of December 31, 2022 is $0, of tax benefits that, if recognized, would affect the effective tax rate. The Company's primary tax jurisdictions and the earliest tax year subject to audit are presented in the following table. Australia 2014 Austria 2016 Belgium 2018 Canada 2018 Netherlands 2017 Singapore 2017 Switzerland 2020 United Kingdom 2020 United States 2017

Stock Compensation Plans

Stock Compensation Plans	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans	Stock Compensation Plans The Company has a share-based compensation plan, the OneSpan Inc. 2019 Omnibus Incentive Plan (“Plan”), under which the Board of Directors may grant share-based awards including restricted stock units (RSUs) and performance restricted stock units (PSUs). The Plan may provide performance incentives to employees and non-employee directors, consultants and other key persons of the Company. The plan is administered by the Compensation Committee as appointed by the Board of Directors and is intended to be a non-qualified plan. As of December 31, 2022, the remaining number of shares allowed to be issued under the Plan was 1.9 million shares of the Company’s common stock, representing 4% of the issued and outstanding shares of the Company as of such date. The following table details long-term compensation plan and stock-based compensation expense for the years ended December 31, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 (In thousands) Stock-based compensation $ 8,642 $ 4,354 $ 4,740 Other long-term incentive plan compensation 171 848 1,262 Total compensation $ 8,813 $ 5,202 $ 6,002 Time-Based Restricted Stock Awards (sharecounts in thousands) Non-forfeited time-based restricted stock awards granted to certain executive officers and other employees under the VASCO Data Security International, Inc. 2009 Equity Plan became fully vested during the year ended December 31, 2022. Certain shares became subject to forfeiture when the service requirement was not met. Compensation expense was less than $0.1 million, $0.3 million, and $0.7 million for 2022, 2021, and 2020, respectively. Tax benefit related to the compensation expense was less than $0.1 million, $0.1 million, and $0.2 million for 2022, 2021, and 2020, respectively. The following table summarizes the time-based restricted stock activity for the year ended December 31, 2022. (In thousands) Shares Weighted- Weighted- Outstanding at January 1, 2022 7 0.42 $ 16.23 Shares vested (3) 16.17 Shares forfeited (4) 17.75 Outstanding at December 31, 2022 — — $ — There was no unamortized future compensation expense for time-based restricted stock awards at December 31, 2022. Time-Based Restricted Stock Units (sharecounts in thousands) Under the OneSpan Inc. 2019 Omnibus Incentive Plan, the Company grants certain eligible employees RSUs that settle in Company stock. RSUs granted to non-employee directors vest on the first anniversary date of the grant. Awards granted vest in equal semi-annual installments over one (In thousands) Shares Weighted- Weighted- Unearned, January 1, 2022 559 3.08 $ 19.30 Shares vested (308) 17.19 Shares awarded 2,064 11.97 Shares forfeited (245) 15.06 Unearned, December 31, 2022 2,070 2.95 $ 12.82 The unamortized future compensation expense for time-based restricted stock awards was $19.4 million at December 31, 2022. Performance-Based Restricted Stock Units settled in stock (sharecounts in thousands) Performance-based restricted stock units granted to executive officers and certain other employees were subject to achievement of one one The restricted stock units subject to achievement of future performance criteria awarded during the year ended December 31, 2022 will be earned if the performance criteria and service period are met at the end of the one to three year performance period. Compensation expense in 2022, 2021, and 2020 was $1.6 million, $0.3 million, and $1.1 million. Tax benefit related to the compensation expense was less than $0.1 million, $0.1 million, and $0.2 million for 2022, 2021, and 2020, respectively. The following table summarizes activity related to unvested performance restricted stock shares during 2022: (In thousands) Total Weighted- Weighted- Unearned, January 1, 2022 121 3.29 $ 17.30 Shares vested (50) 19.88 Shares awarded 370 11.37 Shares forfeited (52) 13.31 Unearned, December 31, 2022 389 2.76 $ 12.60 Unamortized future compensation expense for performance-based restricted stock was $3.1 million at December 31, 2022. Market-Based Restricted Stock Units settled in stock (sharecounts in thousands) Market-based restricted stock units granted to executive officers and certain other employees were subject to achievement of three year market-based performance criteria established by the Board of Directors. Under certain grants, earned shares related to three-year targets cliff vest upon fulfillment of the market-based performance criteria and completion of the three-year period. Shares are subject to forfeiture if the performance criteria and service period are not met. Compensation expense for the years ended December 31, 2022 and 2021 was $0.5 million and less than $0.1 million, respectively, and the related tax benefit was less than $0.1 million and $0 million, respectively. The following table summarizes activity related to unvested market and service restricted stock units settled in stock: (In thousands) Shares Weighted- Weighted- Unearned, January 1, 2022 283 3.43 $ 19.06 Shares awarded — — Shares forfeited — — Unearned, December 31, 2022 283 3.43 $ 19.06 Unamortized future compensation expense for market-based restricted stock was $2.2 million at December 31, 2022.

Earnings per Common Share (shar

Earnings per Common Share (sharecounts in thousands)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings per Common Share (sharecounts in thousands)	Earnings per Common Share (sharecounts in thousands) Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of common stock equivalents to the extent they are not anti-dilutive. Because the Company is in a net loss position for the years ended December 31, 2022, 2021 and 2020, diluted net loss per share for these periods exclude the effects of all common stock equivalents, which are anti-dilutive. A reconciliation of the shares included in the basic and fully diluted earnings per share calculations is as follows: Years Ended December 31, (In thousands, except per share data) 2022 2021 2020 Net loss $ (14,434) $ (30,584) $ (5,455) Weighted average common shares outstanding: Basic 40,143 39,614 40,035 Incremental shares with dilutive effect: Restricted stock awards — — — Diluted 40,143 39,614 40,035 Net loss per share: Basic $ (0.36) $ (0.77) $ (0.14) Diluted $ (0.36) $ (0.77) $ (0.14)

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans U.S. Plan The Company maintains a defined contribution pension plan for U.S. employees established pursuant to Section 401(k) of the Internal Revenue Code. The plan allows voluntary employee contributions and discretionary employer contributions. For the years ended December 31, 2022, 2021, and 2020, the Company expensed contributions of $0.3 million, $0.3 million, and $0.3 million, respectively. Non-U.S. Plans The Company is subject to national mandatory pension systems and other compulsory plans,or makes contributions to social pension funds based on local regulations. When the Company's obligation is limited to the payment of the contribution into these plans or funds, the recognition of such liabilities is not required. In addition, the Company has, in some countries, defined benefit plans consisting of final retirement salary and committed pension payments. In Switzerland, the pension plan is a cash balance plan where contributions are expressed as a percentage of the pensionable salary. Contributions to Swiss plans are paid by the employees and the employer. The pension plan guarantees the amount accrued on the members’ savings accounts, as well as a minimum interest on those savings accounts. The plan assets are held in guaranteed investment contracts. The Company also maintains a pension plan for Belgian employees, in compliance with Belgian law. Contributions to Belgium plans are paid by the employees and the employer. Certain features of the plans require them to be categorized as defined benefit plans under ASC 715 due to Belgian social legislation, which prescribes a minimum annual return of 1.8% on employer contributions and 1.8% for employee contributions. The plan assets are held in guaranteed investment contracts. The Company also includes a liability related to obligations to provide retirement benefits to employees who retire from the Company’s French subsidiary, as required by law. Per French regulations, each employee is entitled to a lump sum payment upon retirement based on years of service and salary at retirement. Benefit rights vest upon the statutory retirement age of 62. The obligation recorded represents the present value of amounts the Company expects to pay. Components of net periodic pension cost included in earnings: Years Ended December 31, 2022 2021 2020 (In thousands) Service cost (gross) $ 1,107 $ 1,587 $ 1,549 Interest cost 138 53 106 Expected return on plan assets (288) (302) (271) Amortization of unrecognized actuarial gain (90) (12) (40) Net periodic pension cost $ 867 $ 1,326 $ 1,344 The net unfunded status of the Non-U.S. pension plans as of December 31, 2022 and 2021, is as follows: December 31, (In thousands) 2022 2021 Fair value of plan assets $ 15,415 $ 17,394 Projected benefit obligation (17,715) (24,855) Net unfunded benefit obligation $ (2,300) $ (7,461) Net unfunded benefit obligation is recorded as other long-term liabilities in the consolidated balance sheets. The change in the fair value of plan assets is as follows: Years Ended December 31, 2022 2021 (In thousands) Fair value of plan assets at January 1 $ 17,394 $ 17,290 Employee contributions 437 499 Actual return on plan assets (288) 46 Benefits (paid), net of transfers (2,361) (492) Employer contributions 911 1,049 Foreign exchange adjustment (678) (998) Fair value of plan assets at December 31 $ 15,415 $ 17,394 The change in benefit obligations is as follows: Years Ended December 31, 2022 2021 (In thousands) Benefit obligations at January 1 $ 24,855 $ 27,431 Gross service cost 1,107 1,587 Interest cost 138 53 Employee contributions 437 499 Actuarial (gains)/losses (4,676) (2,185) Benefits (paid), net of transfers (2,361) (432) Curtailments & settlements (799) (492) Foreign exchange adjustment (986) (1,606) Benefit obligations at December 31 $ 17,715 $ 24,855 The decrease in benefit obligations at December 31, 2022 compared to December 31, 2021 was primarily driven by benefits paid, actuarial gains and foreign exchange adjustments, driven by the weakened Euro and Swiss Franc currencies. The decrease in benefit obligations at December 31, 2021 compared to December 31, 2020 was primarily driven by an increase in actuarial gains and the impact of foreign exchange adjustments. The Company's investment policy meets the responsibility under local social legislation and aligns plan assets with liabilities, while minimizing risk. For the years ended December 31, 2022 and 2021, plan assets are invested in guaranteed investment contracts. Fair value of guaranteed investment contracts is surrender value. Fair value for the year ended December 31, 2022 was determined using Level 3 inputs as defined by ASC 820, Fair Value Measurements . Changes in plan assets are attributable to benefit payments and contributions as the Company has not actively traded assets during the years ended December 31, 2022 and 2021. Other The accumulated benefit obligation for the plans were $16.8 million and $22.9 million as of December 31, 2022 and 2021, respectively. The Company expects to pay approximately $1.0 million of contributions over the next twelve months. The amounts reclassified out of other comprehensive income during the years ended December 31, 2022, 2021, and 2020 were not material. Actuarial Assumptions Certain actuarial assumptions such as the discount rate and the long-term rate of return on plan assets have a significant effect on the amounts reported for net periodic cost and the benefit obligation. The assumed discount rates reflect the prevailing market rates of a universe of high-quality, non-callable, corporate bonds currently available that, if the obligation were settled at the measurement date, would provide the necessary future cash flows to pay the benefit obligation when due. In determining the long-term return on plan assets, the Company considers long-term rates of return of comparable low risk investments, such as Euro AA bonds. The following weighted-average assumptions between all plans were utilized in the pension calculations: December 31, 2022 2021 (%) Discount rates 2.15 - 3.50 0.20 - 0.90 Inflation 1.25 - 2.20 0.90 - 1.90 Expected return on plan assets 2.00 - 2.50 1.25 - 2.00 Rate of salary increases 2.25 - 3.20 1.90 - 2.80 Projected future pension benefits as of December 31, 2022 (in thousands): 2023 $ 662 2024 $ 426 2025 $ 643 2026 $ 1,204 2027 $ 474 Beyond $ 5,628

Geographic, Customer and Suppli

Geographic, Customer and Supplier Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Geographic, Customer and Supplier Information	Segment Information In May 2022, the Company announced a three-year strategic transformation plan begins on January 1, 2023. The Company expects this transformation plan that will enable it to build on its strong solution portfolio and market position, enhance its enterprise go-to-market strategy, accelerate revenue growth, and drive efficiencies to support margin expansion and increased profitability. In conjunction with the strategic transformation plan and to enable a more efficient capital deployment model, effective with the quarter ended June 30, 2022, the Company began reporting under the following two lines of business, which are its reportable operating segments: Digital Agreements and Security Solutions. The Company expects to manage Digital Agreements for accelerated growth and market share gains and Security Solutions for cash flow given its more modest growth profile. Segments are defined as components of a company that engage in business activities from which they may earn revenues and incur expenses, and for which separate financial information is available and is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate resources and in assessing performance. The Company’s CODM is its Chief Executive Officer. • Digital Agreements. Digital Agreements consists of solutions that enable the Company’s clients to secure and automate business processes associated with their digital agreement and customer transaction lifecycles that require consent, non-repudiation and compliance. These solutions, which are largely cloud-based, include the Company’s OneSpan Sign e-signature solution and its recently introduced OneSpan Notary and Virtual Room solutions. As the transformation plan progresses, the Company expects to include other cloud-based security modules associated with the secure transaction lifecycle of identity verification, authentication, virtual interactions and transactions, and secure digital storage in the Digital Agreements segment. This segment also includes costs attributable to our next-generation transaction-cloud platform. • Security Solutions. Security Solutions consists of a broad portfolio of software products and/or software development kits (SDKs) that are used to build applications designed to defend against attacks on digital transactions across online environments, devices and applications. These solutions, which are largely on-premises software products, include identity verification, multi-factor authentication and transaction signing, such as mobile application security, mobile software tokens, and Digipass authenticators that are not cloud-connected devices. Segment operating income consists of the revenues generated by a segment, less the direct costs of revenue, sales and marketing, research and development expenses, amortization expense, and restructuring and other related charges that are incurred directly by a segment. The Company recorded $2.3 million and $1.8 million of amortization expense in Digital Agreements operating income and Security Solutions operating income, respectively, during the year ended December 31, 2022. During the year ended December 31, 2021, the Company recorded $2.5 million and $3.3 million of amortization expense in Digital Agreements operating income and Security Solutions operating income, respectively. The Company recorded $5.9 million and $3.1 million of amortization expense in Digital Agreements operating income and Security Solutions operating income, respectively, during the year ended December 31, 2020.Unallocated corporate costs include costs related to administrative functions that are performed in a centralized manner that are not attributable to a particular segment. The tables below set forth information about the Company’s operating segments for the years ended December 31, 2022, 2021, and 2020, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements. Years Ended December 31, 2022 2021 2020 (In thousands, except percentages) Digital Agreements Revenue $ 48,401 $ 40,551 $ 29,633 Gross profit $ 37,488 $ 29,557 $ 20,361 Gross margin 77 % 73 % 69 % Operating income $ 5,348 $ (1,612) $ (7,559) Security Revenue $ 170,605 $ 173,930 $ 186,058 Gross profit $ 111,082 $ 113,378 $ 127,698 Gross margin 65 % 65 % 69 % Operating income $ 32,051 $ 35,395 $ 55,295 Total Company: Revenue $ 219,006 $ 214,481 $ 215,691 Gross profit $ 148,570 $ 142,935 $ 148,059 Gross margin 68 % 67 % 69 % Statements of operations reconciliation: Segment operating income $ 37,399 $ 33,783 $ 47,736 Corporate operating expenses not allocated at the segment level 64,514 59,911 52,994 Operating loss $ (27,115) $ (26,128) $ (5,258) Interest income, net 595 (1) 404 Other income (expense), net 14,827 (14) 1,434 Loss before income taxes $ (11,693) $ (26,143) $ (3,420) 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, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 Digital Agreements Security Solutions Digital Agreements Security Solutions Digital Agreements Security Solutions (In thousands) Subscription (1) $ 42,029 $ 47,124 $ 33,283 $ 35,224 $ 22,632 $ 29,757 Maintenance and support 5,451 42,894 5,709 45,567 5,035 44,193 Professional services and other (2) 921 7,087 1,494 13,703 1,966 30,259 Hardware products — 73,500 65 79,436 — 81,849 Total Revenue $ 48,401 $ 170,605 $ 40,551 $ 173,930 $ 29,633 $ 186,058 1. Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. 2. Professional services and other includes perpetual software licenses revenue, which was approximately 2%, 5%, and 12% of total revenue for the years ended December 31, 2022, 2021, and 2020, respectively. Goodwill and Other . Asset information by segment is not reported to or reviewed by the CODM to allocate resources, and therefore, the Company has not disclosed asset information for the segments. The Company classifies sales by customers’ locations in three geographic regions: 1) EMEA, which includes Europe, the Middle East, and Africa; 2) the Americas, which includes sales in North, Central, and South America and Canada; and 3) Asia Pacific, which also includes Australia and New Zealand. (In thousands) Europe, Americas Asia Pacific Total 2022 Revenue $ 100,298 $ 77,740 $ 40,968 $ 219,006 Gross profit 68,040 52,738 27,792 148,570 Long-lived assets 4,856 15,270 577 20,703 2021 Revenue $ 104,878 $ 68,646 $ 40,957 $ 214,481 Gross profit 69,893 45,747 27,295 142,935 Long-lived assets 5,978 13,634 342 19,954 2020 Revenue $ 117,086 $ 53,171 $ 45,434 $ 215,691 Gross profit 78,456 37,532 32,071 148,059 Long-lived assets 7,482 14,968 741 23,191 For the years 2022, 2021, and 2020, the top 10 customers contributed 23%, 22% and 21%, respectively, of total worldwide revenue. The majority of the Company's hardware products are assembled by four independent factories in China and one independent factory in Romania.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company leases office space and automobiles under operating lease agreements. See Note 11, Leases, for future minimum rental payments required under non-cancelable leases. At December 31, 2022, the Company has purchase obligations of $24.6 million, including $5.3 million of inventory purchase obligations which are expected to be consummated in the next 12 months, $17.4 million of committed hosting arrangements which will be used in the next one one The Company is subject to certain legal proceedings and claims incidental to the operations of its business. The Company is also subject to certain other legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated. The Company currently does not anticipate that these matters, if resolved against the Company, will have a material adverse impact on its financial results or financial condition. The Company accrues loss contingencies when losses become probable and are reasonably estimable. If the reasonable estimate of the loss is a range and no amount within the range is a better estimate, the minimum amount of the range is recorded as a liability. As of December 31, 2022, the Company has recorded an accrual of $1.5 million for loss contingencies, which represents the better estimate within the probable range of $1.5 million and $2.0 million, related to all probable losses where a reasonable estimate could be made. The Company does not accrue for contingent losses that, in the judgment of the Company, are considered to be reasonably possible, but not probable. As of December 31, 2022, the Company does not have any reasonably possible losses for which an estimate can be made. Although the Company intends to defend its legal matters vigorously, the ultimate outcome of these matters is uncertain. However, the Company does not expect the potential losses, if any, to have a material adverse impact on its operating results, cash flows, or financial condition.

Restructuring and Other Related

Restructuring and Other Related Charges	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	Restructuring and Other Related Charges In December 2021, the Board approved a restructuring plan (“Plan”) designed to advance the Company’s operating model, streamline its business, improve efficiency, and enhance its capital resources. As part of the first phase of the Plan, the Company reduced headcount by eliminating positions in certain areas of its organization. The first phase of the Plan began and was substantially completed during the three months ended March 31, 2022. In May 2022, the Board approved additional actions related to the Plan through the year ending December 31, 2025. This second phase of the Plan consists primarily of headcount-related actions and is designed to achieve the same objectives as the first phase of the Plan. In connection with the Plan, the Company incurred severance, retention pay, and related benefit costs. The Company recorded $9.5 million in “Restructuring and other related charges” in the consolidated statement of operations for the year ended December 31, 2022. Expense of $1.9 million and $5.1 million was recognized in Digital Agreements operating income and Security Solutions operating income, respectively, during the year ended December 31, 2022. In total, there were approximately 100 employees, across multiple functions, whose positions were made redundant. The table below sets forth the changes in the carrying amount of the restructuring charge liability for the year ended December 31, 2022. (In thousands) Restructuring Charge Liability Balance as of December 31, 2021 $ — Additions 9,482 Payments (5,886) Balance as of December 31, 2022 $ 3,596

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Agreements with Related Parties The Company entered into an agreement to provide e-signature and secure agreement automation services to Cox Automotive in the fourth quarter of 2021. Marianne Johnson is an Executive Vice President and the Chief Product Officer at Cox Automotive. Ms. Johnson has served on the OneSpan Board of Directors since March 2020. The amount of revenue recognized for e-signature and secure agreement automation services during the years ended December 31, 2022 and 2021 was $0.7 million and $0.3 million, respectively, and is included in subscription revenue. The amount receivable as of December 31, 2022 and 2021 was $1 million and $0 million, respectively. The Company purchases subscription SMS services from Twilio, Inc. From February 2015 through August 2022, Marc Boroditsky was the Chief Revenue Officer of Twilio, Inc. Mr. Boroditsky has served on the OneSpan Board of Directors since June 2020. The total amount paid to Twilio, Inc. during the year ended December 31, 2022 was $1.0 million and is included in "Cost of goods sold". The amount payable at December 31, 2022 was $0.2 million. The total amount paid to Twilio, Inc. during the year ended December 31, 2021 was $0.8 million and the amount payable at December 31, 2021 was less than $0.1 million. The Company purchases cloud operations services from Cloudflare Inc. Mr. Boroditsky has served as the President of Revenue at Cloudflare Inc. since November 2022. The total amount paid to Cloudflare Inc. during the year ended December 31, 2022 was $0.2 million and is included in "Cost of goods sold". The amount payable at December 31, 2022 was less than $0.1 million. During the year ended December 31, 2021, the Company paid Cloudflare Inc. $0.1 million, and had no accounts payable due at December 31, 2021.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events ProvenDB is a developer of secure storage that leverages blockchain technology in order to prevent data tampering or alteration of documents. The technology acquired in the acquisition is expected to provide a foundational architecture for future blockchain-based digital solutions, including secure storage. Pursuant to the Purchase Agreement, the Company agreed to purchase ProvenDB for an aggregate purchase price of $2.0 million, of which $1.8 million was paid upfront, and $0.2 million will be held and paid within 12 months of the acquisition date, to account for potential net working capital adjustments. The Company estimates that most of the purchase price will be allocated to capitalized software development and related technology costs. The Company's consolidated balance sheet as of December 31, 2022 and the Company's consolidated statement of operations and consolidated statement of cash flows for the year ended December 31, 2022 do not reflect the impacts of ProvenDB as the acquisition was completed after the balance sheet date.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	SCHEDULE II ONESPAN INC. VALUATION AND QUALIFYING ACCOUNTS Credit losses for trade receivables. Beginning Provision Chargeoffs Foreign Ending Years Ended December 31, 2022 $ 1,419 517 (334) (2) $ 1,600 2021 $ 4,135 (16) (2,689) (11) $ 1,419 2020 $ 2,812 (1) 2,306 (994) 11 $ 4,135 (1) Includes the $288 impact of the initial ASU No. 2016-13 adoption on January 1, 2020. See accompanying independent auditors’ report.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Description of the Company	Description of the Company
Transformation Plan	Transformation Plan In May 2022, the Company announced a three-year strategic transformation plan that begins on January 1, 2023. The Company expects this transformation plan will enable it to build on its strong solution portfolio and market position, enhance its enterprise go-to-market strategy, accelerate revenue growth, and drive efficiencies to support margin expansion and increased profitability. In conjunction with the strategic transformation plan and to enable a more efficient capital deployment model, effective with the quarter ended June 30, 2022, the Company began reporting under the following two lines of business, which are its reportable operating segments: Digital Agreements and Security Solutions. The Company plans to manage Digital Agreements for accelerated growth and market share gains and Security Solutions for cash flow given its more modest growth profile. For further information regarding the Company’s reportable segments, see Note 3, Segment Information .
Principles of Consolidation	Principles of Consolidation
Estimates and Assumptions	Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Foreign Currency Translation and Transactions	Foreign Currency Translation and TransactionsThe financial position and results of the operations of the majority of the Company’s foreign subsidiaries are measured using the local currency as the functional currency. Accordingly, assets and liabilities are translated into U.S. Dollars using current exchange rates as of the balance sheet date. Revenue and expenses are translated at average exchange rates prevailing during the year. Translation adjustments arising from differences in exchange rates are charged or credited to other comprehensive income (loss).
Cash and Cash Equivalents	Cash and Cash Equivalents and Restricted Cash at December 31, 2022 and 2021.
Short Term Investments	Short-term Investments The Company’s short-term investments are in debt securities which consist of U.S treasury bills and notes, U.S. government agency notes, corporate notes, and high-quality commercial paper with maturities at acquisition of more than three months and less than twelve months. The Company classifies its investments in debt securities as available-for-sale. In accordance with Accounting Standards Update "ASU" No. 2016-13, credit impairments are recorded through an allowance and are recorded through a charge to the consolidated statement of operations. Unrealized gains or losses not related to credit impairments are recorded in “Accumulated other comprehensive loss” on the consolidated balance sheets. The Company reviews available-for-sale debt securities for impairments related to credit losses and other factors each quarter. As of December 31, 2022 and 2021, the unrealized gains and losses were not material.
Credit Losses	Credit Losses Reasonable assurance of collection is a requirement for revenue recognition. Credit limit adjustments for existing customers may result from the periodic review of outstanding accounts receivable. The Company records trade accounts receivable at invoice values, which are generally equal to fair value. In accordance with ASU No. 2016-13, the Company evaluates its allowance based on expected losses rather than incurred losses, which is known as the current expected credit loss (“CECL”) model. The allowance is determined using the loss rate approach and is measured on a collective (pool) basis when similar risk characteristics exist. Where financial instruments do not share risk characteristics, they are evaluated on an individual basis. The allowance is based on relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts.
Fair Value of Financial Instruments	Fair Value of Financial Instruments At December 31, 2022 and 2021, the Company's financial instruments were Cash and cash equivalents, Short-term investments, Accounts receivable, Accounts payable, and Accrued liabilities. The estimated fair value of financial instruments has been determined by using available market information and appropriate valuation methodologies, as defined in Accounting Standards Codification "ASC" 820, Fair Value Measurements . The fair values of the financial instruments were not materially different from their carrying amounts at December 31, 2022 and 2021. See Note 9, Fair Value Measurements, for additional detail.
Inventories	Inventories Inventories, consisting principally of hardware and component parts, are stated at the lower of cost or net realizable value. Cost is determined using the first-in-first-out (FIFO) method. The Company writes down inventory when it appears that the carrying cost of the inventory may not be recovered through subsequent sale of the inventory. The Company analyzes the quantity of inventory on hand, the quantity sold in the past year, the anticipated sales volume in the form of sales to new customers as well as sales to previous customers, the expected sales price and the cost of making the sale when evaluating the valuation of inventory. If the sales volume or sales price of a specific model declines significantly, additional write downs may be required.
Property and Equipment, net	Property and Equipment, net Property and equipment, net, is stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets ranging from three
Accounting for Leases	Accounting for Leases All of the Company's leases are operating leases. The Company records leases in accordance with ASC Topic 842, Leases. The Company elected the following practical expedients: • The package of practical expedients permitted under the transition guidance within the new standard. The practical expedient package applies to leases commenced prior to adoption of the new standard and permits companies not to reassess whether existing or expired contracts contain a lease, the lease classification, and any initial direct costs for existing leases. • The short-term lease practical expedient, which allowed the Company to exclude short-term leases from recognition in the consolidated balance sheets; • The Company has lease agreements that contain lease and non-lease components. For automobile leases, lease and non-lease components are accounted for together. For office leases, the components are accounted for separately using a relative standalone selling basis; and • The Company applies the portfolio approach to automobile leases with similar characteristics that commence in the same period. The difference between the asset and liability is a result of lease incentives, such as tenant improvement allowances, and deferred rent on the consolidated balance sheet at transition. See Note 11, Leases, for additional information.
Goodwill	Goodwill Goodwill represents the excess of purchase price over the fair value of net identifiable assets acquired in a business combination. The Company assesses the impairment of goodwill annually or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The annual impairment test date is October 1. The Company’s impairment assessment begins with a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. The qualitative assessment includes comparing the overall financial performance of the reporting unit against the planned results. Additionally, the reporting unit’s fair value is assessed in light of certain events and circumstances, including macroeconomic conditions, industry and market considerations, cost factors, and other relevant entity- and reporting unit specific events. The selection and assessment of qualitative factors used to determine whether it is more likely than not that the fair value of a reporting unit exceeds the carrying value involves significant judgments. If it is determined under the qualitative assessment that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the estimated fair value of the reporting unit is compared with its carrying value. An impairment charge is recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. As a result of the transformation plan and new reportable operating segments, the Company allocated the goodwill balance to each of its reporting units and respective reportable operating segments on May 17, 2022. Prior to the transformation plan, the Company operated under one reporting unit. See Note 1, Description of the Company and Basis of Presentation, for additional information.
Long-Lived and Intangible Assets	Long-Lived and Intangible Assets Finite-lived intangible assets include proprietary technology, customer relationships, and other intangible assets. Intangible assets other than patents with definite lives are amortized over the useful life, generally three proprietary technology and five Long-lived assets, including property, plant and equipment, operating lease right-of-use assets, finite-lived intangible assets being amortized and capitalized software costs for internal use, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset group may not be recoverable. An impairment loss shall be recognized if the carrying amount of a long-lived asset group exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset group exceeds its fair value. Long-lived assets held for sale are reported at the lower of carrying value or fair value less cost to sell.
Equity Method Investment	Equity Method Investment On January 31, 2022, the Company sold its equity interest in Promon AS (Promon) for $18.9 million and recorded the gain on sale of $14.8 million in “Other income (expense), net”, on the consolidated statement of operations for the year ended December 31, 2022. Promon is a technology company headquartered in Norway that specializes in mobile app security, whose solutions focus largely on Runtime Application Self-Protection (RASP). Prior to January 31, 2022, the Company held a 17% interest in Promon and applied the equity method of accounting to its investment in Promon because it exercised significant influence on, but did not hold a controlling interest in, the investee. Under the equity method of accounting, the Company’s proportionate share of the net earnings (losses) of Promon was reported in “Other income (expense), net”, on the consolidated statements of operations. The impact of the proportionate share of net earnings (losses) was immaterial for the years ended December 31, 2022, 2021, and 2020, as were the relative size of Promon’s assets and operations in relation to the Company’s. The Company intends to continue to purchase and integrate Promon’s RASP technology into its customer software solutions.
Share Repurchase Program	Share Repurchase Program On May 12, 2022, the Board of Directors terminated the stock repurchase program adopted on September 10, 2020 and adopted a new stock repurchase program under which the Company is authorized to repurchase up to $50.0 million of its issued and outstanding common stock. Share purchases under the program will take place in open market transactions or in privately negotiated transactions and may be made from time to time depending on market conditions, share price, trading volume, and other factors. The timing of the repurchases and the amount of stock repurchased in each transaction is subject to OneSpan’s sole discretion and will depend upon market and business conditions, applicable legal and credit requirements and other corporate considerations. The authorization is effective until May 11, 2024 unless the total amount has been used or authorization has been cancelled.
Revenue Recognition	Revenue Recognition • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when, or as, we satisfy a performance obligation. Revenues are recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services, which excludes any sales incentives and amounts collected on behalf of third parties. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight before control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in "Cost of goods sold". Nature of Goods and Services Subscription : Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. Maintenance and support : Maintenance and support agreements generally call for the Company to provide software updates and technical support, respectively, to customers. The annual fee for maintenance and technical support is recognized ratably over the term of the maintenance and support agreement as this is the period the services are delivered. Customer payments are normally in advance for annual service. Professional Services and other Revenue : Professional services revenues are primarily comprised of implementing, automating and extending business processes, technology infrastructure, and software applications. Professional services revenues are recognized over time as services are rendered, usually over a period of time that is generally less than a few months. Most projects are performed on a time and materials basis while a portion of revenues is derived from projects performed on a fixed fee. For time and material contracts, revenues are generally recognized and invoiced by multiplying the number of hours expended in the performance of the contract by the contractual hourly rates. For fixed fee contracts, revenues are generally recognized using an input method based on the ratio of hours expended to total estimated hours to complete the services. Customer payments normally correspond with delivery. Professional services and other revenue includes perpetual licenses revenue, which was less than 3% of revenue for the year ended December 31, 2022 and less than 6% for the year ended December 31, 2021. Perpetual licenses grant the customer unlimited access to the software. Hardware products : Revenue from the sale of security hardware is recorded upon shipment, which is the point at which control of the goods are transferred and the performance obligations are completed, unless there are specific terms that would suggest control is transferred at a later date (e.g. delivery). No significant obligations or contingencies typically exist with regard to delivery, customer acceptance or rights of return at the time revenue is recognized. Customer invoices and subsequent payments normally correspond with delivery. The Company also enters into separate service agreements with certain hardware customers to perform In these situations, revenue is recognized prior to physical delivery of a good (i.e. “bill-and-hold arrangements). The Company evaluates bill-and-hold arrangement, and records revenue accordingly when the following criteria is met: • The reason for the bill-and-hold arrangement is substantive; • The product is identified separately as belonging to the customer; • The product currently is ready for physical transfer to the customer; • The Company does not have the ability to use the product or to direct it to another customer. Multiple-Element Arrangements In the Company's typical multiple-element arrangement, the primary deliverables include: 1. A client component (i.e. an item that is used by the person being authenticated in the form of either a new standalone hardware device or software that is downloaded onto a device that the customer already owns); 2. Server system software that is installed on the customer’s systems (i.e. software on the server system that verifies the identity of the person being authenticated) or licenses for additional users on the server system software if the server system software had been installed previously; and 3. Post contract support (PCS) in the form of maintenance on the server system software or support. The Company's multiple-element arrangements may also include other items that are usually delivered prior to the recognition of any revenue and are incidental to the overall transaction such as initialization of the hardware device, customization of the hardware device itself or the packaging in which it is delivered, deployment services where the Company delivers the device to its customer’s end-use customer or employee and, in some limited cases, professional services to assist with the initial implementation of a new customer. Significant Judgments The Company enters into contracts to deliver a combination of hardware devices, software licenses, subscriptions, maintenance and support and, in some situations, professional services. The Company evaluates the nature of the goods or services promised in these arrangements to identify the distinct performance obligations. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment depending on the terms and conditions of the respective customer arrangement. When a hardware client device and licenses to server software are sold in a contract, they are treated as a single performance obligation because the software license is deemed to be a component of the hardware that is integral to the functionality of the hardware that is used by customers for identity authentication. When a software client device is sold in a contract server software, the licenses are considered a single performance obligation to deliver the authentication solution to the customer. In either of these types of arrangements, maintenance and support and professional services are typically distinct separate performance obligations from the hardware or software solutions. Contracts to deliver subscription services typically do not include multiple performance obligations; however, in certain limited cases customers may purchase professional services that are distinct performance obligations. For contracts that contain multiple performance obligations, the transaction price is allocated to the separate performance obligations based on their estimated relative standalone selling price. Judgment is required to determine the stand-alone selling price (“SSP”) of each distinct performance obligation. We determine SSP for maintenance and support and professional services based on observable inputs; specifically, the range of prices charged to customers to renew annual maintenance and support contracts and the range of hourly rates we charge customers in standalone professional services contracts. In instances where SSP is not directly observable, and when we sell at a highly variable price range, such as for transactions involving software licenses or subscriptions, we determine the SSP for those performance obligations using the residual approach.
Cost of Goods Sold	Cost of Goods Sold Included in "Product and license cost of goods sold" are direct product costs and direct costs to deliver and provide software licenses. Cost of goods sold related to service and other revenues are primarily costs related to cloud subscription solutions, including personnel and equipment costs, and personnel costs of employees providing professional services and maintenance support.
Research and Development Costs	Research and Development Costs Other costs for research and development, principally the design and development of hardware, and the design and development of software prior to the determination of technological feasibility, are expensed as incurred on a project-by-project basis.
Stock-Based Compensation	Stock-Based Compensation Stock Compensation . ASC 718, Stock Compensation, requires the Company to estimate the fair value of restricted stock granted to employees, directors and others to record compensation expense equal to the estimated fair value. Compensation expense is recorded on a straight-line basis over the vesting period for time-based awards and performance and market-based awards with cliff vesting provisions and on a graded basis for performance and market-based awards with graded vesting provisions. Forfeitures are recorded as incurred.
Retirement Benefits	Retirement Benefits
Other Income (Expense), Net	Other Income (Expense), NetOther income (expense), net, consists primarily of exchange gains (losses) on transactions that are denominated in currencies other than the Company’s subsidiaries’ functional currencies, subsidies received from foreign governments in support of the Company's research and development in those countries and other miscellaneous non-operational income and expenses.
Income Taxes	Income Taxes from uncertain tax positions. The Company’s provision for income taxes is significantly affected by shifts in the geographic mix of its pre-tax earnings across tax jurisdictions, changes in tax laws and regulations, and tax planning opportunities available in each tax jurisdiction.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2021, the FASB issued ASU 2021-10, Government Assistance: Disclosures by Business Entities about Government Assistance ("ASU 2021-10") , which requires business entities to disclose certain information about certain government assistance they receive. ASU 2021-10 is effective for annual periods beginning after December 15, 2021. The adoption of this standard did not have a material impact on the Company's consolidated financial statements. From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the issued standards that are not yet effective will not have a material impact on the consolidated financial statements upon adoption.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022, 2021, and 2020, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements. Years Ended December 31, 2022 2021 2020 (In thousands, except percentages) Digital Agreements Revenue $ 48,401 $ 40,551 $ 29,633 Gross profit $ 37,488 $ 29,557 $ 20,361 Gross margin 77 % 73 % 69 % Operating income $ 5,348 $ (1,612) $ (7,559) Security Revenue $ 170,605 $ 173,930 $ 186,058 Gross profit $ 111,082 $ 113,378 $ 127,698 Gross margin 65 % 65 % 69 % Operating income $ 32,051 $ 35,395 $ 55,295 Total Company: Revenue $ 219,006 $ 214,481 $ 215,691 Gross profit $ 148,570 $ 142,935 $ 148,059 Gross margin 68 % 67 % 69 % Statements of operations reconciliation: Segment operating income $ 37,399 $ 33,783 $ 47,736 Corporate operating expenses not allocated at the segment level 64,514 59,911 52,994 Operating loss $ (27,115) $ (26,128) $ (5,258) Interest income, net 595 (1) 404 Other income (expense), net 14,827 (14) 1,434 Loss before income taxes $ (11,693) $ (26,143) $ (3,420)
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, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 Digital Agreements Security Solutions Digital Agreements Security Solutions Digital Agreements Security Solutions (In thousands) Subscription (1) $ 42,029 $ 47,124 $ 33,283 $ 35,224 $ 22,632 $ 29,757 Maintenance and support 5,451 42,894 5,709 45,567 5,035 44,193 Professional services and other (2) 921 7,087 1,494 13,703 1,966 30,259 Hardware products — 73,500 65 79,436 — 81,849 Total Revenue $ 48,401 $ 170,605 $ 40,551 $ 173,930 $ 29,633 $ 186,058 1. Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. 2. Professional services and other includes perpetual software licenses revenue, which was approximately 2%, 5%, and 12% of total revenue for the years ended December 31, 2022, 2021, and 2020, respectively. (In thousands) Europe, Americas Asia Pacific Total 2022 Revenue $ 100,298 $ 77,740 $ 40,968 $ 219,006 Gross profit 68,040 52,738 27,792 148,570 Long-lived assets 4,856 15,270 577 20,703 2021 Revenue $ 104,878 $ 68,646 $ 40,957 $ 214,481 Gross profit 69,893 45,747 27,295 142,935 Long-lived assets 5,978 13,634 342 19,954 2020 Revenue $ 117,086 $ 53,171 $ 45,434 $ 215,691 Gross profit 78,456 37,532 32,071 148,059 Long-lived assets 7,482 14,968 741 23,191

Inventories, net (Tables)

Inventories, net (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Summary of inventories, net	Inventories, net, are comprised of the following as of December 31, 2022 and 2021: December 31, (In thousands) 2022 2021 Component parts $ 6,762 $ 3,841 Work-in-process and finished goods 5,292 6,504 Total $ 12,054 $ 10,345

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenues disaggregated by geography, major product line and timing of revenue recognition	The following tables present the Company's revenues disaggregated by major products and services, geographical region and timing of revenue recognition. Revenue by major products and services Years Ended December 31, 2022 2021 2020 (In thousands) Subscription (1) $ 89,153 $ 68,507 $ 52,389 Maintenance and support 48,345 51,276 49,228 Professional services and other (2) 8,008 15,197 32,225 Hardware products 73,500 79,501 81,849 Total Revenue $ 219,006 $ 214,481 $ 215,691 1. Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. 2. Professional services and other includes perpetual software licenses revenue, which was approximately 2%, 5%, and 12% of total revenue for the years ended December 31, 2022, 2021, and 2020, respectively. Revenue by location of customer for the years ended December 31, 2022, 2021, and 2020 (In thousands, except percentages) EMEA Americas APAC Total Total Revenue: 2022 $ 100,298 $ 77,740 $ 40,968 $ 219,006 2021 $ 104,878 $ 68,646 $ 40,957 $ 214,481 2020 $ 117,086 $ 53,171 $ 45,434 $ 215,691 Percent of Total: 2022 46 % 35 % 19 % 100 % 2021 49 % 32 % 19 % 100 % 2020 54 % 25 % 21 % 100 % Timing of revenue recognition Years Ended December 31, (In thousands) 2022 2021 2020 Products and Licenses transferred at a point in time $ 121,426 $ 120,358 $ 132,986 Services transferred over time 97,580 94,123 82,705 Total Revenue $ 219,006 $ 214,481 $ 215,691
Schedule of changes in contract assets and contract liabilities	The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of December 31, 2022 and 2021: (In thousands) December 31, 2022 2021 Receivables, inclusive of trade and unbilled $ 65,132 $ 56,612 Contract Assets (current and non-current) $ 4,642 $ 4,889 Contract Liabilities (Deferred Revenue current and non-current) $ 70,907 $ 63,742
Schedule of estimated revenue expected to be recognized in the future	The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2022: (In thousands) 2023 2024 2025 Beyond 2025 Total Future revenue related to current unsatisfied performance obligations $ 44,407 $ 19,574 $ 7,872 $ 5,336 $ 77,189
Schedule of information related to the capitalized costs and amortization recognized in the current and prior period	The following tables provide information related to the capitalized costs and amortization recognized in the current and prior period: December 31, (In thousands) 2022 2021 Capitalized costs to obtain contracts, current $ 2,929 $ 2,134 Capitalized costs to obtain contracts, non-current $ 10,571 $ 8,675 (In thousands) Years Ended December 31, 2022 2021 Amortization of capitalized costs to obtain contracts $ 2,404 $ 1,555 Impairments of capitalized costs to obtain contracts $ — $ —

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill activity	The following tables present the changes in goodwill during 2022 and 2021: Digital Agreements Security Solutions Total In thousands Net balance at December 31, 2020 $ — $ — $ 97,552 Net foreign currency translation — — (1,378) Net balance at December 31, 2021 — — 96,174 Goodwill reallocation 20,966 75,208 — Net foreign currency translation (1,234) (4,426) (5,660) Net balance at December 31, 2022 $ 19,732 $ 70,782 $ 90,514

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of indefinite-lived intangible assets	Intangible assets as of December 31, 2022 and 2021 consist of the following: December 31, 2022 2021 (In thousands) Useful Life (in years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Acquired technology 3 to 7 $ 42,022 $ 41,894 $ 43,034 $ 42,281 Customer relationships 5 to 12 34,386 23,323 39,814 20,653 Patents and trademarks 10 to 20 13,518 12,227 13,549 12,193 Total $ 89,926 $ 77,444 $ 96,397 $ 75,127
Expected amortization of intangible assets	The estimated future amortization expense of intangible assets as of December 31, 2022, is as follows: 2023 $ 2,338 2024 2,335 2025 2,334 2026 2,328 2027 2,123 Thereafter 263 Subject to amortization 11,721 Trademarks 761 Total intangible assets $ 12,482

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of major classes of property and equipment	The following table presents the major classes of property and equipment, net, as of December 31, 2022 and 2021: December 31, (In thousands) Useful Life (in years) 2022 2021 Office equipment and software 3-5 $ 14,451 $ 14,327 Leasehold improvements 10 9,927 10,296 Furniture and fixtures 5 4,260 4,223 Capitalized software 3 4,007 — Total 32,645 28,846 Accumulated depreciation (19,964) (18,089) Property and equipment, net $ 12,681 $ 10,757

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of assets that are measured at fair value on a recurring basis	The following tables summarize the Company’s financial assets by level in the fair value hierarchy, which are measured at fair value on a recurring basis, as of December 31, 2022 and 2021: Fair Value Measurement at Reporting Date Using (In thousands) December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Corporate Notes / Bonds $ 2,328 — $ 2,328 — Commercial Paper $ 6,743 — $ 6,743 — Money Market Funds $ 28,388 — $ 28,388 — Fair Value Measurement at Reporting Date Using (In thousands) December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Treasury Notes $ 4,038 — $ 4,038 — Corporate Notes / Bonds $ 9,585 — $ 9,585 — Commercial Paper $ 8,996 — $ 8,996 — U.S. Treasury Bills $ 9,990 — $ 9,990 — U.S. Government Agencies $ 2,499 — $ 2,499 —

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2022
Credit Loss [Abstract]
Schedule change in the allowance for credit losses	The change in the allowance for credit losses during the years ended December 31, 2021 and 2022 were as follows: (In thousands) Balance at December 31, 2020 4,135 Provision (16) Write-offs (2,689) Net foreign currency translation (11) Balance at December 31, 2021 $ 1,419 Provision 517 Write-offs (334) Net foreign currency translation (2) Balance at December 31, 2022 $ 1,600

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of operating lease costs	Operating lease cost details for the years ended December 31, 2022, 2021, and 2020 are as follows: Years Ended December 31, 2022 2021 2020 (In thousands) Building rent $ 2,117 $ 2,564 $ 2,978 Automobile rentals 1,180 1,505 1,576 Total net operating lease costs $ 3,297 $ 4,069 $ 4,554
Schedule of supplemental consolidated balance sheet information related to our operating leases	Supplemental consolidated balance sheet information related to operating leases as of December 31, 2022 and 2021, is as follows: December 31, 2022 2021 (In thousands) Leases Assets $ 8,022 $ 9,197 Operating lease right-of-use assets $ 8,022 $ 9,197 Liabilities Current Operating lease liabilities $ 2,258 $ 2,476 Noncurrent Operating lease liabilities 8,442 10,180 Total lease liabilities $ 10,700 $ 12,656
Schedule of supplemental consolidated cash flow information related to leases	Supplemental consolidated cash flow information related to leases is as follows: Years Ended December 31, 2022 2021 2020 (In thousands) Supplemental cash flow and other information related to leases: Operating cash payments from operating leases $ 3,346 $ 3,630 $ 3,835 ROU assets obtained in exchange for new operating lease liabilities $ 1,172 $ 589 $ 3,549
Schedule of maturities of operating leases	Maturities of the Company's operating leases as of December 31, 2022 are as follows: (In thousands) 2023 $ 2,743 2024 2,082 2025 1,778 2026 1,698 2027 1,530 Later years 2,713 Less imputed interest (1,844) Total lease liabilities $ 10,700

Quarterly Results of Operatio_2

Quarterly Results of Operations (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly results of operations	The quarterly results of operations are summarized in the following select income statement line items (in thousands, except per share data): First Second Third Fourth 2022 Total revenues $ 52,447 $ 52,790 $ 57,147 $ 56,622 Gross profit 36,678 35,506 38,431 37,955 Operating costs 45,921 43,744 44,056 41,964 Operating income (loss) (9,243) (8,238) (5,625) (4,009) Provision (benefit) for income taxes 1,173 472 600 496 Net income (loss) 5,214 (9,350) (7,201) (3,097) Net income/(loss) per share: Basic $ 0.13 $ (0.23) $ (0.18) $ (0.08) Diluted $ 0.13 $ (0.23) $ (0.18) $ (0.08) 2021 Total revenues $ 50,775 $ 52,277 $ 52,276 $ 59,153 Gross profit 34,242 34,831 36,395 37,467 Operating costs 43,536 43,690 38,411 43,426 Operating income (loss) (9,294) (8,859) (2,016) (5,959) Provision (benefit) for income taxes (501) (1,143) (762) 6,847 Net income (loss) (9,151) (6,685) (975) (13,773) Net income/(loss) per share: Basic $ (0.23) $ (0.17) $ (0.02) $ (0.36) Diluted $ (0.23) $ (0.17) $ (0.02) $ (0.36)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income from continuing operations before income taxes	Income (loss) before income taxes was generated in the following jurisdictions: Years Ended December 31, 2022 2021 2020 (In thousands) U.S. $ (9,569) $ (15,056) $ 1,046 Non-U.S. (2,124) (11,087) (4,466) Total $ (11,693) $ (26,143) $ (3,420)
Provision for income taxes	The provision (benefit) for income taxes consists of the following: Years Ended December 31, 2022 2021 2020 (In thousands) Current: Federal $ 122 $ (11) $ 1,715 State 32 (23) 49 Foreign 1,665 2,478 1,758 Total current 1,819 2,444 3,522 Deferred: Federal (349) 3,774 1,385 State 35 (3) (24) Foreign 1,236 (1,774) (2,848) Total deferred 922 1,997 (1,487) Total $ 2,741 $ 4,441 $ 2,035
Differences between income tax provisions and provisions for income taxes	The differences between the income tax provisions computed using the statutory federal income tax rate and the provisions for income taxes reported in the consolidated statements of operations are as follows: Years Ended December 31, 2022 2021 2020 (In thousands) Expected tax at statutory rate $ (2,456) $ (5,490) $ (718) Foreign taxes at other rates 3,373 307 (309) Valuation allowance changes 4,370 15,019 2,617 Global intangible low-taxed income inclusion — — 339 State income taxes, net of federal benefit (322) (811) 32 Uncertain tax positions (515) 12 235 Research credits (2,568) (3,466) (1,029) Disallowed expenses and other 859 (1,130) 868 Total $ 2,741 $ 4,441 $ 2,035
Deferred income tax balances	Significant components of the Company's deferred tax assets and liabilities as of December 31, 2022 and 2021, are as follows: December 31, 2022 2021 (In thousands) Deferred tax assets: Stock and long-term compensation plans $ 923 $ 1,337 Foreign NOL & other carryforwards 41,154 38,153 US and state NOL carryforwards 5,654 5,539 Deferred revenue 863 2,068 Pension liability 498 1,547 Amortization and depreciation 526 257 Lease liability 2,641 3,171 Capitalized research and development 487 — Accrued expenses and other 1,427 1,157 Total gross deferred tax assets 54,173 53,229 Less: Valuation allowance (39,177) (34,979) Net deferred income tax assets $ 14,996 $ 18,250 Deferred tax liabilities: Accruals $ 319 $ 231 Tax on unremitted foreign earnings 1,249 1,357 Right of use asset 2,531 2,872 Intangible assets 3,009 5,225 Tax on credits 3,736 3,439 Contract acquisition costs 3,448 2,626 Deferred tax liabilities $ 14,292 $ 15,750 Net deferred tax assets $ 704 $ 2,500
Summary of net operating loss carryforwards	At December 31, 2022, the Company had foreign and state net operating loss (NOL) carryforwards and other foreign deductible carryforwards as shown in the following table: Carryforward Expiration (In thousands) NOL Carryforward Canada $ 24,804 2034-2039 United States 17,989 None United Kingdom 9,569 None Switzerland 14,319 2028-2029 Other foreign 5,886 None Canada province 25,502 2034-2039 U.S. states 27,680 2023-2042 $ 125,749 Other Carryforwards United States credit $ 828 2032 Canada 47,526 None Canada province 61,657 None Capital loss 383 None Canada credits 9,809 2025-2042 Canada province credits 3,980 2036-2042 $ 124,183 $ 249,932
Schedule of reserves for uncertain tax position	December 31, 2022 2021 2020 (In thousands) Reserve at beginning of year $ 512 $ 500 $ 2,923 Increases related to prior year tax positions — 12 277 Decreases related to prior year tax positions (512) — (37) Settlement — — (2,663) Total $ — $ 512 $ 500
Summary of income tax examinations	The Company's primary tax jurisdictions and the earliest tax year subject to audit are presented in the following table. Australia 2014 Austria 2016 Belgium 2018 Canada 2018 Netherlands 2017 Singapore 2017 Switzerland 2020 United Kingdom 2020 United States 2017

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of compensation expense	The following table details long-term compensation plan and stock-based compensation expense for the years ended December 31, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 (In thousands) Stock-based compensation $ 8,642 $ 4,354 $ 4,740 Other long-term incentive plan compensation 171 848 1,262 Total compensation $ 8,813 $ 5,202 $ 6,002
Summary of restricted stock activity	The following table summarizes the time-based restricted stock activity for the year ended December 31, 2022. (In thousands) Shares Weighted- Weighted- Outstanding at January 1, 2022 7 0.42 $ 16.23 Shares vested (3) 16.17 Shares forfeited (4) 17.75 Outstanding at December 31, 2022 — — $ — (In thousands) Shares Weighted- Weighted- Unearned, January 1, 2022 559 3.08 $ 19.30 Shares vested (308) 17.19 Shares awarded 2,064 11.97 Shares forfeited (245) 15.06 Unearned, December 31, 2022 2,070 2.95 $ 12.82 The following table summarizes activity related to unvested performance restricted stock shares during 2022: (In thousands) Total Weighted- Weighted- Unearned, January 1, 2022 121 3.29 $ 17.30 Shares vested (50) 19.88 Shares awarded 370 11.37 Shares forfeited (52) 13.31 Unearned, December 31, 2022 389 2.76 $ 12.60 The following table summarizes activity related to unvested market and service restricted stock units settled in stock: (In thousands) Shares Weighted- Weighted- Unearned, January 1, 2022 283 3.43 $ 19.06 Shares awarded — — Shares forfeited — — Unearned, December 31, 2022 283 3.43 $ 19.06

Earnings per Common Share (sh_2

Earnings per Common Share (sharecounts in thousands) (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Details of earnings per share calculations	A reconciliation of the shares included in the basic and fully diluted earnings per share calculations is as follows: Years Ended December 31, (In thousands, except per share data) 2022 2021 2020 Net loss $ (14,434) $ (30,584) $ (5,455) Weighted average common shares outstanding: Basic 40,143 39,614 40,035 Incremental shares with dilutive effect: Restricted stock awards — — — Diluted 40,143 39,614 40,035 Net loss per share: Basic $ (0.36) $ (0.77) $ (0.14) Diluted $ (0.36) $ (0.77) $ (0.14)

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of net periodic pension cost	Components of net periodic pension cost included in earnings: Years Ended December 31, 2022 2021 2020 (In thousands) Service cost (gross) $ 1,107 $ 1,587 $ 1,549 Interest cost 138 53 106 Expected return on plan assets (288) (302) (271) Amortization of unrecognized actuarial gain (90) (12) (40) Net periodic pension cost $ 867 $ 1,326 $ 1,344
Summary of net unfunded status of pension plans	The net unfunded status of the Non-U.S. pension plans as of December 31, 2022 and 2021, is as follows: December 31, (In thousands) 2022 2021 Fair value of plan assets $ 15,415 $ 17,394 Projected benefit obligation (17,715) (24,855) Net unfunded benefit obligation $ (2,300) $ (7,461)
Schedule of change in the fair value of plan assets	The change in the fair value of plan assets is as follows: Years Ended December 31, 2022 2021 (In thousands) Fair value of plan assets at January 1 $ 17,394 $ 17,290 Employee contributions 437 499 Actual return on plan assets (288) 46 Benefits (paid), net of transfers (2,361) (492) Employer contributions 911 1,049 Foreign exchange adjustment (678) (998) Fair value of plan assets at December 31 $ 15,415 $ 17,394
Schedule of change in benefit obligations	The change in benefit obligations is as follows: Years Ended December 31, 2022 2021 (In thousands) Benefit obligations at January 1 $ 24,855 $ 27,431 Gross service cost 1,107 1,587 Interest cost 138 53 Employee contributions 437 499 Actuarial (gains)/losses (4,676) (2,185) Benefits (paid), net of transfers (2,361) (432) Curtailments & settlements (799) (492) Foreign exchange adjustment (986) (1,606) Benefit obligations at December 31 $ 17,715 $ 24,855
Summary of weighted average assumptions	The following weighted-average assumptions between all plans were utilized in the pension calculations: December 31, 2022 2021 (%) Discount rates 2.15 - 3.50 0.20 - 0.90 Inflation 1.25 - 2.20 0.90 - 1.90 Expected return on plan assets 2.00 - 2.50 1.25 - 2.00 Rate of salary increases 2.25 - 3.20 1.90 - 2.80
Schedule of projected future pension benefits	Projected future pension benefits as of December 31, 2022 (in thousands): 2023 $ 662 2024 $ 426 2025 $ 643 2026 $ 1,204 2027 $ 474 Beyond $ 5,628

Geographic, Customer and Supp_2

Geographic, Customer and Supplier Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
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, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 Digital Agreements Security Solutions Digital Agreements Security Solutions Digital Agreements Security Solutions (In thousands) Subscription (1) $ 42,029 $ 47,124 $ 33,283 $ 35,224 $ 22,632 $ 29,757 Maintenance and support 5,451 42,894 5,709 45,567 5,035 44,193 Professional services and other (2) 921 7,087 1,494 13,703 1,966 30,259 Hardware products — 73,500 65 79,436 — 81,849 Total Revenue $ 48,401 $ 170,605 $ 40,551 $ 173,930 $ 29,633 $ 186,058 1. Subscription includes cloud and on-premises subscription revenue, previously referred to as “subscription” and “term-based software licenses”, respectively. 2. Professional services and other includes perpetual software licenses revenue, which was approximately 2%, 5%, and 12% of total revenue for the years ended December 31, 2022, 2021, and 2020, respectively. (In thousands) Europe, Americas Asia Pacific Total 2022 Revenue $ 100,298 $ 77,740 $ 40,968 $ 219,006 Gross profit 68,040 52,738 27,792 148,570 Long-lived assets 4,856 15,270 577 20,703 2021 Revenue $ 104,878 $ 68,646 $ 40,957 $ 214,481 Gross profit 69,893 45,747 27,295 142,935 Long-lived assets 5,978 13,634 342 19,954 2020 Revenue $ 117,086 $ 53,171 $ 45,434 $ 215,691 Gross profit 78,456 37,532 32,071 148,059 Long-lived assets 7,482 14,968 741 23,191

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of restructuring charge liability	The table below sets forth the changes in the carrying amount of the restructuring charge liability for the year ended December 31, 2022. (In thousands) Restructuring Charge Liability Balance as of December 31, 2021 $ — Additions 9,482 Payments (5,886) Balance as of December 31, 2022 $ 3,596

Description of the Company an_2

Description of the Company and Basis of Presentation - Foreign Currency Translation and Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Maximum
Foreign Currency Translation and Transactions [Line Items]
Gain (loss) from foreign currency transactions	$ (1.9)	$ 0.1	$ 0.1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Line Items]
Restricted cash	$ 0.8	$ 0.8	$ 0.9
Letter of Credit
Cash and Cash Equivalents [Line Items]
Restricted cash	$ 0.8

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Property and Equipment, net (Details)	12 Months Ended
	Dec. 31, 2022
Leasehold improvements
Property and Equipment
Useful life (in years)	10 years
Minimum
Property and Equipment
Useful life (in years)	3 years
Maximum
Property and Equipment
Useful life (in years)	10 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Goodwill (Details)		12 Months Ended
	Apr. 30, 2022 reporting_unit	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Accounting Policies [Abstract]
Number of reporting units | reporting_unit	1
Goodwill impairment | $		$ 0	$ 0	$ 0

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Long-Lived and Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2022
Patents
Impairment of Long-Lived and Intangible Assets
Estimated useful lives of assets	20 years
Capitalized software
Impairment of Long-Lived and Intangible Assets
Estimated useful lives of assets	3 years
Minimum | Proprietary Technology
Impairment of Long-Lived and Intangible Assets
Estimated useful lives of assets	3 years
Minimum | Customer relationships
Impairment of Long-Lived and Intangible Assets
Estimated useful lives of assets	5 years
Maximum | Proprietary Technology
Impairment of Long-Lived and Intangible Assets
Estimated useful lives of assets	7 years
Maximum | Customer relationships
Impairment of Long-Lived and Intangible Assets
Estimated useful lives of assets	12 years

Summary of Significant Accoun_7

Summary of Significant Accounting policies - Equity Method Investments (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 30, 2022
Equity Method Investments
Gains on sale of equity-method investment		$ 14,810	$ 0	$ 0
Investment In Promon AS
Equity Method Investments
Equity interest, amount sold	$ 18,900
Gains on sale of equity-method investment		$ 14,800
Ownership percentage					17%

Summary of Significant Accoun_8

Summary of Significant Accounting policies - Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	May 12, 2022
Accounting Policies [Abstract]
Amount the company can repurchase				$ 50,000
Treasury stock, repurchased (in shares)	0.4
Treasury stock, repurchased	$ 5,721	$ 7,471	$ 5,030
Treasury stock, repurchased average cost per share (in dollars per share)	$ 12.83

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Research and Development Costs (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets
Capitalized internal-use software	$ 4
Capitalized software
Finite-Lived Intangible Assets
Estimated useful lives of assets	3 years

Segment Information - Narrative

Segment Information - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Geographic, Customer and Supplier Information
Amortization of intangible assets	$ 4.1	$ 5.9	$ 9.1
Digital Agreements
Geographic, Customer and Supplier Information
Amortization of intangible assets	2.3	2.5	5.9
Security Solutions
Geographic, Customer and Supplier Information
Amortization of intangible assets	$ 1.8	$ 3.3	$ 3.1

Segment Information - Sales Det

Segment Information - Sales Details of Customers Locations in Four Geographic Regions (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Geographic, Customer and Supplier Information
Total revenue	$ 56,622	$ 57,147	$ 52,790	$ 52,447	$ 59,153	$ 52,276	$ 52,277	$ 50,775	$ 219,006	$ 214,481	$ 215,691
Gross profit	37,955	38,431	35,506	36,678	37,467	36,395	34,831	34,242	$ 148,570	$ 142,935	$ 148,059
Gross margin									68%	67%	69%
Operating income (loss)	(4,009)	(5,625)	(8,238)	(9,243)	(5,959)	(2,016)	(8,859)	(9,294)	$ (27,115)	$ (26,128)	$ (5,258)
Corporate operating expenses not allocated at the segment level	$ 41,964	$ 44,056	$ 43,744	$ 45,921	$ 43,426	$ 38,411	$ 43,690	$ 43,536	175,685	169,063	153,317
Interest income (expense), net									595	(1)	404
Other income (expense), net									14,827	(14)	1,434
Loss before income taxes									(11,693)	(26,143)	(3,420)
Digital Agreements
Geographic, Customer and Supplier Information
Total revenue									48,401	40,551	29,633
Gross profit									$ 37,488	$ 29,557	$ 20,361
Gross margin									77%	73%	69%
Operating income (loss)									$ 5,348	$ (1,612)	$ (7,559)
Security Solutions
Geographic, Customer and Supplier Information
Total revenue									170,605	173,930	186,058
Gross profit									$ 111,082	$ 113,378	$ 127,698
Gross margin									65%	65%	69%
Operating income (loss)									$ 32,051	$ 35,395	$ 55,295
Operating Segments
Geographic, Customer and Supplier Information
Operating income (loss)									37,399	33,783	47,736
Corporate operating expenses not allocated at the segment level									$ 64,514	$ 59,911	$ 52,994

Segment Information - Informati

Segment Information - Information Regarding Geographic Areas (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($) segment	Dec. 31, 2019 segment
Segment Reporting [Abstract]
Number of operating segments | segment									2	3	3	3
Geographic, Customer and Supplier Information
Total revenues	$ 56,622	$ 57,147	$ 52,790	$ 52,447	$ 59,153	$ 52,276	$ 52,277	$ 50,775	$ 219,006	$ 214,481	$ 215,691
Percent of total									100%	100%	100%
Subscription
Geographic, Customer and Supplier Information
Total revenues									$ 89,153	$ 68,507	$ 52,389
Professional services and other
Geographic, Customer and Supplier Information
Total revenues									$ 8,008	$ 15,197	$ 32,225
Professional services and other | Maximum
Geographic, Customer and Supplier Information
Percent of total									2%	5%	12%
Digital Agreements
Geographic, Customer and Supplier Information
Total revenues									$ 48,401	$ 40,551	$ 29,633
Digital Agreements | Subscription
Geographic, Customer and Supplier Information
Total revenues									42,029	33,283	22,632
Digital Agreements | Maintenance and support
Geographic, Customer and Supplier Information
Total revenues									5,451	5,709	5,035
Digital Agreements | Professional services and other
Geographic, Customer and Supplier Information
Total revenues									921	1,494	1,966
Digital Agreements | Hardware products
Geographic, Customer and Supplier Information
Total revenues									0	65	0
Security Solutions
Geographic, Customer and Supplier Information
Total revenues									170,605	173,930	186,058
Security Solutions | Subscription
Geographic, Customer and Supplier Information
Total revenues									47,124	35,224	29,757
Security Solutions | Maintenance and support
Geographic, Customer and Supplier Information
Total revenues									42,894	45,567	44,193
Security Solutions | Professional services and other
Geographic, Customer and Supplier Information
Total revenues									7,087	13,703	30,259
Security Solutions | Hardware products
Geographic, Customer and Supplier Information
Total revenues									$ 73,500	$ 79,436	$ 81,849

Inventories, net - Summary of i

Inventories, net - Summary of inventories, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Component parts	$ 6,762	$ 3,841
Work-in-process and finished goods	5,292	6,504
Total	$ 12,054	$ 10,345

Revenue - Disaggregation of rev

Revenue - Disaggregation of revenues (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue
Total revenues	$ 56,622	$ 57,147	$ 52,790	$ 52,447	$ 59,153	$ 52,276	$ 52,277	$ 50,775	$ 219,006	$ 214,481	$ 215,691
Percent of total									100%	100%	100%
Products and Licenses transferred at a point in time
Revenue
Total revenues									$ 121,426	$ 120,358	$ 132,986
Services transferred over time
Revenue
Total revenues									97,580	94,123	82,705
EMEA
Revenue
Total revenues									$ 100,298	$ 104,878	$ 117,086
Percent of total									46%	49%	54%
Americas
Revenue
Total revenues									$ 77,740	$ 68,646	$ 53,171
Percent of total									35%	32%	25%
APAC
Revenue
Total revenues									$ 40,968	$ 40,957	$ 45,434
Percent of total									19%	19%	21%
Subscription
Revenue
Total revenues									$ 89,153	$ 68,507	$ 52,389
Maintenance and support
Revenue
Total revenues									48,345	51,276	49,228
Professional services and other
Revenue
Total revenues									$ 8,008	$ 15,197	$ 32,225
Professional services and other | Maximum
Revenue
Percent of total									2%	5%	12%
Hardware products
Revenue
Total revenues									$ 73,500	$ 79,501	$ 81,849

Revenue - Contract balances (De

Revenue - Contract balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Contract balances
Receivables, inclusive of trade and unbilled	$ 65,132	$ 56,612
Contract Assets (current and non-current)	4,642	4,889
Contract Liabilities (Deferred Revenue current and non-current)	$ 70,907	63,742
Contract liabilities increase due to annual renewals		$ 52,800
Minimum
Contract balances
The amount of time contract assets are transferred to receivables	3 years
Maximum
Contract balances
The amount of time contract assets are transferred to receivables	5 years

Revenue - Performance obligatio

Revenue - Performance obligations (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Revenue
Future revenue related to current unsatisfied performance obligations	$ 77,189
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue
Future revenue related to current unsatisfied performance obligations	$ 44,407
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue
Future revenue related to current unsatisfied performance obligations	$ 19,574
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue
Future revenue related to current unsatisfied performance obligations	$ 7,872
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue
Future revenue related to current unsatisfied performance obligations	$ 5,336
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Revenue - Costs of obtaining a

Revenue - Costs of obtaining a contract (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Amortization period	7 years
Capitalized costs to obtain contracts, current	$ 2,929	$ 2,134
Capitalized costs to obtain contracts, non-current	10,571	8,675
Amortization of capitalized costs to obtain contracts	2,404	1,555
Impairments of capitalized costs to obtain contracts	$ 0	$ 0

Goodwill - Schedule of goodwill

Goodwill - Schedule of goodwill activity (Details) - USD ($)		12 Months Ended
	May 17, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Net balance at beginning of period		$ 96,174,000	$ 97,552,000
Net foreign currency translation		(5,660,000)	(1,378,000)
Goodwill reallocation		0
Net balance at end of period		90,514,000	96,174,000	$ 97,552,000
Goodwill impairment		0	0	0
Digital Agreements
Goodwill [Roll Forward]
Net balance at beginning of period		0	0
Net foreign currency translation		(1,234,000)	0
Goodwill reallocation		20,966,000
Net balance at end of period		19,732,000	0	0
Goodwill impairment	$ 0
Security Solutions
Goodwill [Roll Forward]
Net balance at beginning of period		0	0
Net foreign currency translation		(4,426,000)	0
Goodwill reallocation		75,208,000
Net balance at end of period		$ 70,782,000	$ 0	$ 0
Goodwill impairment	$ 0

Intangible Assets - Schedule of

Intangible Assets - Schedule of intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Intangible assets, net
Gross Carrying Amount	$ 89,926	$ 96,397
Accumulated Amortization	77,444	75,127
Acquired technology
Intangible assets, net
Gross Carrying Amount	42,022	43,034
Accumulated Amortization	$ 41,894	42,281
Acquired technology | Minimum
Finite-Lived Intangible Assets
Estimated useful lives of assets	3 years
Acquired technology | Maximum
Finite-Lived Intangible Assets
Estimated useful lives of assets	7 years
Customer relationships
Intangible assets, net
Gross Carrying Amount	$ 34,386	39,814
Accumulated Amortization	$ 23,323	20,653
Customer relationships | Minimum
Finite-Lived Intangible Assets
Estimated useful lives of assets	5 years
Customer relationships | Maximum
Finite-Lived Intangible Assets
Estimated useful lives of assets	12 years
Patents and trademarks
Intangible assets, net
Gross Carrying Amount	$ 13,518	13,549
Accumulated Amortization	$ 12,227	$ 12,193
Patents and trademarks | Minimum
Finite-Lived Intangible Assets
Estimated useful lives of assets	10 years
Patents and trademarks | Maximum
Finite-Lived Intangible Assets
Estimated useful lives of assets	20 years

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets
Amortization of intangible assets	$ 4,100,000	$ 5,900,000	$ 9,100,000
Impairment of intangible assets	0	$ 0	$ 0
Customer relationships
Finite-Lived Intangible Assets
Impairment of intangible assets	$ 3,800,000

Intangible Assets - Expected am

Intangible Assets - Expected amortization of intangible assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2023	$ 2,338
2024	2,335
2025	2,334
2026	2,328
2027	2,123
Thereafter	263
Subject to amortization	11,721
Trademarks	761
Total intangible assets	$ 12,482	$ 21,270

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property and Equipment
Total	$ 32,645	$ 28,846
Accumulated depreciation	(19,964)	(18,089)
Property and equipment, net	12,681	10,757
Depreciation expense	$ 2,900	3,000	$ 2,900
Minimum
Property and Equipment
Useful life (in years)	3 years
Maximum
Property and Equipment
Useful life (in years)	10 years
Office equipment and software
Property and Equipment
Total	$ 14,451	14,327
Office equipment and software | Minimum
Property and Equipment
Useful life (in years)	3 years
Office equipment and software | Maximum
Property and Equipment
Useful life (in years)	5 years
Leasehold improvements
Property and Equipment
Useful life (in years)	10 years
Total	$ 9,927	10,296
Furniture and fixtures
Property and Equipment
Useful life (in years)	5 years
Total	$ 4,260	4,223
Capitalized software
Property and Equipment
Useful life (in years)	3 years
Total	$ 4,007	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of intangible assets	$ 0	$ 0	$ 0
Customer relationships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of intangible assets	3,800,000
Fair Value, Recurring | Corporate Notes / Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2,328,000	9,585,000
Fair Value, Recurring | Corporate Notes / Bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Fair Value, Recurring | Corporate Notes / Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2,328,000	9,585,000
Fair Value, Recurring | Corporate Notes / Bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Fair Value, Recurring | Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	6,743,000	8,996,000
Fair Value, Recurring | Commercial Paper | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Fair Value, Recurring | Commercial Paper | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	6,743,000	8,996,000
Fair Value, Recurring | Commercial Paper | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Fair Value, Recurring | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	28,388,000
Fair Value, Recurring | Money Market Funds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Fair Value, Recurring | Money Market Funds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	28,388,000
Fair Value, Recurring | Money Market Funds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 0
Fair Value, Recurring | U.S. Treasury Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		4,038,000
Fair Value, Recurring | U.S. Treasury Notes | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Fair Value, Recurring | U.S. Treasury Notes | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		4,038,000
Fair Value, Recurring | U.S. Treasury Notes | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Fair Value, Recurring | U.S. Treasury Bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		9,990,000
Fair Value, Recurring | U.S. Treasury Bills | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Fair Value, Recurring | U.S. Treasury Bills | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		9,990,000
Fair Value, Recurring | U.S. Treasury Bills | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Fair Value, Recurring | U.S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		2,499,000
Fair Value, Recurring | U.S. Government Agencies | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Fair Value, Recurring | U.S. Government Agencies | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		2,499,000
Fair Value, Recurring | U.S. Government Agencies | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		$ 0

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Changes in the allowance for credit losses
Beginning Balance	$ 1,419	$ 4,135
Provision	517	(16)
Write-offs	(334)	(2,689)
Net foreign currency translation	(2)	(11)
Ending Balance	$ 1,600	$ 1,419

Leases - Narrative (Details)

Leases - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 option
Lessee, Lease, Description [Line Items]
Initial term of lease	12 months
Number of options to renew lease	1
Weighted average remaining lease term	5 years 8 months 12 days
Weighted-average discount rate	5%
Minimum
Lessee, Lease, Description [Line Items]
Renewal terms to extend the lease	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal terms to extend the lease	5 years

Leases - Operating lease costs

Leases - Operating lease costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Total net operating lease costs	$ 3,297	$ 4,069	$ 4,554
Building rent
Lessee, Lease, Description [Line Items]
Total net operating lease costs	2,117	2,564	2,978
Automobile rentals
Lessee, Lease, Description [Line Items]
Total net operating lease costs	$ 1,180	$ 1,505	$ 1,576

Leases - Supplemental consolida

Leases - Supplemental consolidated balance sheet information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Supplemental unaudited consolidated balance sheet information
Operating lease right-of-use assets	$ 8,022	$ 9,197
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other accrued expenses	Other accrued expenses
Operating lease liabilities, current	$ 2,258	$ 2,476
Operating lease liabilities, noncurrent	8,442	10,180
Total lease liabilities	$ 10,700	$ 12,656

Leases - Supplemental consoli_2

Leases - Supplemental consolidated cash flow information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating cash payments from operating leases	$ 3,346	$ 3,630	$ 3,835
ROU assets obtained in exchange for new operating lease liabilities	$ 1,172	$ 589	$ 3,549

Leases - Maturities of our oper

Leases - Maturities of our operating leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Maturities of operating leases
2023	$ 2,743
2024	2,082
2025	1,778
2026	1,698
2027	1,530
Later years	2,713
Less imputed interest	(1,844)
Total lease liabilities	$ 10,700	$ 12,656

Quarterly Results of Operatio_3

Quarterly Results of Operations (unaudited) - Schedule of quarterly results of operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revision of Previously Issued Financial Statements
Total revenues	$ 56,622	$ 57,147	$ 52,790	$ 52,447	$ 59,153	$ 52,276	$ 52,277	$ 50,775	$ 219,006	$ 214,481	$ 215,691
Gross profit	37,955	38,431	35,506	36,678	37,467	36,395	34,831	34,242	148,570	142,935	148,059
Operating costs	41,964	44,056	43,744	45,921	43,426	38,411	43,690	43,536	175,685	169,063	153,317
Operating income (loss)	(4,009)	(5,625)	(8,238)	(9,243)	(5,959)	(2,016)	(8,859)	(9,294)	(27,115)	(26,128)	(5,258)
Provision (benefit) for income taxes	496	600	472	1,173	6,847	(762)	(1,143)	(501)
Net income (loss)	$ (3,097)	$ (7,201)	$ (9,350)	$ 5,214	$ (13,773)	$ (975)	$ (6,685)	$ (9,151)	$ (14,434)	$ (30,584)	$ (5,455)
Net income/(loss) per share:
Basic (in dollars per share)	$ (0.08)	$ (0.18)	$ (0.23)	$ 0.13	$ (0.36)	$ (0.02)	$ (0.17)	$ 0.23	$ (0.36)	$ (0.77)	$ (0.14)
Diluted (in dollars per share)	$ (0.08)	$ (0.18)	$ (0.23)	$ 0.13	$ (0.36)	$ (0.02)	$ (0.17)	$ 0.23	$ (0.36)	$ (0.77)	$ (0.14)
Product and license
Revision of Previously Issued Financial Statements
Total revenues									$ 121,426	$ 120,358	$ 132,986

Income Taxes - Income from cont

Income Taxes - Income from continuing operations before income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S.	$ (9,569)	$ (15,056)	$ 1,046
Non-U.S.	(2,124)	(11,087)	(4,466)
Loss before income taxes	$ (11,693)	$ (26,143)	$ (3,420)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Intercompany dividend income	$ 0	$ 0	$ 38,000
Statutory tax rate percentage	21%	21%	21%
Deferred tax assets, valuation allowance	$ 39,177	$ 34,979
Increase in valuation allowance	4,400	15,000
Accrued interest or penalties for income tax liabilities	100	100	$ 100
Unrecognized tax benefits	0	$ 512	$ 500	$ 2,923
Uncertain tax positions that would impact of effective tax rate	$ 0

Income Taxes - Provision for in

Income Taxes - Provision for income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ 122	$ (11)	$ 1,715
State	32	(23)	49
Foreign	1,665	2,478	1,758
Total current	1,819	2,444	3,522
Deferred:
Federal	(349)	3,774	1,385
State	35	(3)	(24)
Foreign	1,236	(1,774)	(2,848)
Total deferred	922	1,997	(1,487)
Total	$ 2,741	$ 4,441	$ 2,035

Income Taxes - Statutory tax ra

Income Taxes - Statutory tax rate reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Expected tax at statutory rate	$ (2,456)	$ (5,490)	$ (718)
Foreign taxes at other rates	3,373	307	(309)
Valuation allowance changes	4,370	15,019	2,617
Global intangible low-taxed income inclusion	0	0	339
State income taxes, net of federal benefit	(322)	(811)	32
Uncertain tax positions	(515)	12	235
Research credits	(2,568)	(3,466)	(1,029)
Disallowed expenses and other	859	(1,130)	868
Total	$ 2,741	$ 4,441	$ 2,035

Income Taxes - Deferred income

Income Taxes - Deferred income tax balances (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Stock and long-term compensation plans	$ 923,000	$ 1,337,000
Foreign NOL & other carryforwards	41,154,000	38,153,000
US and state NOL carryforwards	5,654,000	5,539,000
Deferred revenue	863,000	2,068,000
Pension liability	498,000	1,547,000
Amortization and depreciation	526,000	257,000
Lease liability	2,641,000	3,171,000
Capitalized research and development	487,000	0
Accrued expenses and other	1,427,000	1,157,000
Total gross deferred tax assets	54,173,000	53,229,000
Less: Valuation allowance	(39,177,000)	(34,979,000)
Net deferred income tax assets	14,996,000	18,250,000
Deferred tax liabilities:
Accruals	319,000	231,000
Tax on unremitted foreign earnings	1,249,000	1,357,000
Right of use asset	2,531,000	2,872,000
Intangible assets	3,009,000	5,225,000
Tax on credits	3,736,000	3,439,000
Contract acquisition costs	3,448,000	2,626,000
Deferred tax liabilities	14,292,000	15,750,000
Deferred tax assets	$ 704,000	$ 2,500,000

Income Taxes - Summary of net o

Income Taxes - Summary of net operating loss carryforwards (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 125,749
Total NOL and Other Carryforwards	249,932
Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Tax credit carryforward, other	124,183
Capital Loss Carryforward
Deferred tax assets, operating loss, and other carryforwards
Tax credit carryforward, other	383
Canada
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	24,804
Canada | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Tax credit carryforward, other	$ 47,526
Canada | Earliest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2034
Canada | Latest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2039
United States
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 17,989
United States | Earliest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2023
United States | Latest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2042
United Kingdom
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 9,569
Switzerland
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 14,319
Switzerland | Earliest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2028
Switzerland | Latest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2029
Other foreign
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 5,886
Canada province
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	25,502
Canada province | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Tax credit carryforward, other	$ 61,657
Canada province | Earliest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2034
Canada province | Latest Tax Year
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2039
U.S. states
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 27,680
United States credit | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 828
Operating loss carryforward expiration	2032
Canada credits | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Tax credit carryforward, other	$ 9,809
Canada credits | Earliest Tax Year | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Tax credit carryforward expiration	2025
Canada credits | Latest Tax Year | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Tax credit carryforward expiration	2042
Canada province credits | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Foreign and state, net operating loss (NOL) carryforwards	$ 3,980
Canada province credits | Earliest Tax Year | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2036
Canada province credits | Latest Tax Year | Other Carryforwards
Deferred tax assets, operating loss, and other carryforwards
Operating loss carryforward expiration	2042

Income Taxes - Valuation allowa

Income Taxes - Valuation allowances, uncertain tax positions and accrued interest and penalties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in reserve for uncertain tax benefits
Reserve at beginning of year	$ 512	$ 500	$ 2,923
Increases related to prior year tax positions	0	12	277
Decreases related to prior year tax positions	(512)	0	(37)
Settlement	0	0	(2,663)
Total	$ 0	$ 512	$ 500

Income Taxes - Summary of incom

Income Taxes - Summary of income tax examinations (Details) - Earliest Tax Year	12 Months Ended
	Dec. 31, 2022
Australia
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2014
Austria
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2016
Belgium
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2018
Canada
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2018
Netherlands
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2017
Singapore
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2017
Switzerland
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2020
United Kingdom
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2020
United States
Earliest tax year subject to audit, by jurisdiction
Earliest tax year subject to audit	2017

Stock Based Compensation - Narr

Stock Based Compensation - Narrative (Details) - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 8,813,000	$ 5,202,000	$ 6,002,000
Unamortized future compensation expense	2,200,000
Restricted Stock, subject to time-based criteria
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	100,000	300,000	700,000
Tax benefit related to compensation expense	100,000	100,000	200,000
Unamortized future compensation expense	$ 0
Restricted Stock, subject to time-based criteria | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	25%
Time-Based Restricted Stock Units settled in stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 6,900,000	3,700,000	2,500,000
Tax benefit related to compensation expense	200,000	100,000	500,000
Unamortized future compensation expense	19,400,000
Restricted Stock, subject to performance criteria
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized future compensation expense	$ 3,100,000
Restricted Stock, subject to performance criteria | Tranche Two | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	1 year
Restricted Stock, subject to performance criteria | Tranche Two | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
Performance-Based Restricted Stock, earned
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1,600,000	300,000	1,100,000
Tax benefit related to compensation expense	$ 100,000	100,000	$ 200,000
Performance-Based Restricted Stock, earned | Tranche Two | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	1 year
Performance-Based Restricted Stock, earned | Tranche Two | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
Market-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 500,000	100,000
Tax benefit related to compensation expense	$ 100,000	$ 0
Market-Based Restricted Stock Units | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Performance period	3 years
Officer | Time-Based Restricted Stock Units settled in stock | Share-based Payment Arrangement, Employee | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	1 year
Officer | Time-Based Restricted Stock Units settled in stock | Share-based Payment Arrangement, Employee | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	4 years
2019 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation awards issued (in shares)	1,900
Percentage of shares issued and outstanding	4%

Stock Based Compensation - Allo

Stock Based Compensation - Allocation of compensation expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	$ 8,642	$ 4,354	$ 4,740
Other long-term incentive plan compensation	171	848	1,262
Total compensation	$ 8,813	$ 5,202	$ 6,002

Stock Compensation Plans - Time

Stock Compensation Plans - Time-based restricted stock award activity (Details) - Restricted Stock, subject to time-based criteria - $ / shares shares in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Shares
Beginning balance (in shares)		7
Shares vested (in shares)		(3)
Shares forfeited (in shares)	(4)
Ending balance (in shares)	0	0	7
Weighted- average remaining term (years)
Outstanding (years)			5 months 1 day
Weighted- average grant date fair value
Beginning balance (in dollars per share)		$ 16.23
Shares vested (in dollars per share)		16.17
Shares forfeited (in dollars per share)	$ 17.75
Ending balance (in dollars per share)	$ 0	$ 0	$ 16.23

Stock Compensation Plans - Ti_2

Stock Compensation Plans - Time-based restricted stock unit activity (Details) - Time-Based Restricted Stock Units settled in stock - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shares
Beginning balance (in shares)	559
Shares vested (in shares)	(308)
Shares awarded (in shares)	2,064
Shares forfeited (in shares)	(245)
Ending balance (in shares)	2,070	559
Weighted- average remaining term (years)
Outstanding (years)	2 years 11 months 12 days	3 years 29 days
Weighted- average grant date fair value
Beginning balance (in dollars per share)	$ 19.30
Shares vested (in dollars per share)	17.19
Shares awarded (per share)	11.97
Shares forfeited (in dollars per share)	15.06
Ending balance (in dollars per share)	$ 12.82	$ 19.30

Stock Compensation Plans - Perf

Stock Compensation Plans - Performance-based restricted stock activity (Details) - Restricted Stock, subject to performance criteria - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shares
Beginning balance (in shares)	121
Shares vested (in shares)	(50)
Shares awarded (in shares)	370
Shares forfeited (in shares)	(52)
Ending balance (in shares)	389	121
Weighted- average remaining term (years)
Outstanding (years)	2 years 9 months 3 days	3 years 3 months 14 days
Weighted- average grant date fair value
Beginning balance (in dollars per share)	$ 17.30
Shares vested (in dollars per share)	19.88
Shares awarded (per share)	11.37
Shares forfeited (in dollars per share)	13.31
Ending balance (in dollars per share)	$ 12.60	$ 17.30

Stock Compensation Plans - Mark

Stock Compensation Plans - Market and service restricted stock units (Details) - Market-Based Restricted Stock Units - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shares
Beginning balance (in shares)	283
Shares awarded (in shares)	0
Shares forfeited (in shares)	0
Ending balance (in shares)	283	283
Weighted- average remaining term (years)
Outstanding (years)	3 years 5 months 4 days	3 years 5 months 4 days
Weighted- average grant date fair value
Beginning balance (in dollars per share)	$ 19.06
Shares awarded (per share)	0
Shares forfeited (in dollars per share)	0
Ending balance (in dollars per share)	$ 19.06	$ 19.06

Earnings per Common Share (sh_3

Earnings per Common Share (sharecounts in thousands) - Details of earnings per share calculations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ (3,097)	$ (7,201)	$ (9,350)	$ 5,214	$ (13,773)	$ (975)	$ (6,685)	$ (9,151)	$ (14,434)	$ (30,584)	$ (5,455)
Weighted average common shares outstanding:
Basic (in shares)									40,143	39,614	40,035
Incremental shares with dilutive effect:
Restricted stock awards (in shares)									0	0	0
Diluted (in shares)									40,143	39,614	40,035
Basic (in dollars per share)	$ (0.08)	$ (0.18)	$ (0.23)	$ 0.13	$ (0.36)	$ (0.02)	$ (0.17)	$ 0.23	$ (0.36)	$ (0.77)	$ (0.14)
Diluted (in dollars per share)	$ (0.08)	$ (0.18)	$ (0.23)	$ 0.13	$ (0.36)	$ (0.02)	$ (0.17)	$ 0.23	$ (0.36)	$ (0.77)	$ (0.14)

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) age	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
UNITED STATES
Defined contribution pension plan
Employer match, contributions	$ 0.3	$ 0.3	$ 0.3
Foreign Plan
Defined contribution pension plan
Required rate of return under Belgian law, employer contributions	1.80%
Required rate of return under Belgian law, employee contributions	1.80%
Benefit rights vests upon statutory retirement age | age	62
Accumulated benefit obligation	$ 16.8	$ 22.9
Expected employer contributions over the next twelve months	$ 1

Employee Benefit Plans - Net pe

Employee Benefit Plans - Net periodic pension costs (Details) - Foreign Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Service cost (gross)	$ 1,107	$ 1,587	$ 1,549
Interest cost	138	53	106
Expected return on plan assets	(288)	(302)	(271)
Amortization of unrecognized actuarial gain	(90)	(12)	(40)
Net periodic pension cost	$ 867	$ 1,326	$ 1,344

Employee Benefit Plans - Net un

Employee Benefit Plans - Net unfunded status (Details) - Foreign Plan - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 15,415	$ 17,394	$ 17,290
Projected benefit obligation	(17,715)	(24,855)	$ (27,431)
Net unfunded benefit obligation	$ (2,300)	$ (7,461)

Employee Benefit Plans - Change

Employee Benefit Plans - Change in fair value of plan assets (Details) - Foreign Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in fair value of plan assets
Fair value of plan assets, beginning balance	$ 17,394	$ 17,290
Employee contributions	437	499
Actual return on plan assets	(288)	46
Benefits (paid), net of transfers	(2,361)	(492)
Employer contributions	911	1,049
Foreign exchange adjustment	(678)	(998)
Fair value of plan assets, ending balance	$ 15,415	$ 17,394

Employee Benefit Plans - Chan_2

Employee Benefit Plans - Change in benefit obligation (Details) - Foreign Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in benefit obligations
Benefit obligations, beginning balance	$ 24,855	$ 27,431
Gross service cost	1,107	1,587	$ 1,549
Interest cost	138	53	106
Employee contributions	437	499
Actuarial (gains)/losses	(4,676)	(2,185)
Benefits (paid), net of transfers	(2,361)	(432)
Curtailments & settlements	(799)	(492)
Foreign exchange adjustment	(986)	(1,606)
Benefit obligations, ending balance	$ 17,715	$ 24,855	$ 27,431

Employee Benefit Plans - Actuar

Employee Benefit Plans - Actuarial assumptions (Details) - Foreign Plan	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Minimum
Defined Benefit Plan Disclosure [Line Items]
Discount rates	2.15%	0.20%
Inflation	1.25%	0.90%
Expected return on plan assets	2%	1.25%
Rate of salary increases	2.25%	1.90%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Discount rates	3.50%	0.90%
Inflation	2.20%	1.90%
Expected return on plan assets	2.50%	2%
Rate of salary increases	3.20%	2.80%

Employee Benefit Plans - Projec

Employee Benefit Plans - Projected future pension benefit payments (Details) - Foreign Plan $ in Thousands	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2023	$ 662
2024	426
2025	643
2026	1,204
2027	474
Beyond	$ 5,628

Geographic, Customer and Supp_3

Geographic, Customer and Supplier Information - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 factory segment customer	Dec. 31, 2021 segment customer	Dec. 31, 2020 customer segment	Dec. 31, 2019 segment
Major customers
Number of operating segments | segment	2	3	3	3
China
Major customers
Number of independent factories	4
Romania
Major customers
Number of independent factories	1
Revenue Benchmark | Customer Concentration Risk
Major customers
Number of customers | customer	10	10	10
Revenue Benchmark | Customer Concentration Risk | Top Ten Customers
Major customers
Percentage of revenue contributed by customer	23%	22%	21%

Geographic, Customer and Supp_4

Geographic, Customer and Supplier Information - Sales details of customers locations in four geographic regions (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Geographic, Customer and Supplier Information
Total revenue	$ 56,622	$ 57,147	$ 52,790	$ 52,447	$ 59,153	$ 52,276	$ 52,277	$ 50,775	$ 219,006	$ 214,481	$ 215,691
Gross margin	37,955	$ 38,431	$ 35,506	$ 36,678	37,467	$ 36,395	$ 34,831	$ 34,242	148,570	142,935	148,059
Long-lived assets	20,703				19,954				20,703	19,954	23,191
Operating Segments | Europe, Middle East, Africa (EMEA)
Geographic, Customer and Supplier Information
Total revenue									100,298	104,878	117,086
Gross margin									68,040	69,893	78,456
Long-lived assets	4,856				5,978				4,856	5,978	7,482
Operating Segments | Americas
Geographic, Customer and Supplier Information
Total revenue									77,740	68,646	53,171
Gross margin									52,738	45,747	37,532
Long-lived assets	15,270				13,634				15,270	13,634	14,968
Operating Segments | Asia Pacific
Geographic, Customer and Supplier Information
Total revenue									40,968	40,957	45,434
Gross margin									27,792	27,295	32,071
Long-lived assets	$ 577				$ 342				$ 577	$ 342	$ 741

Commitments and Contingencies -

Commitments and Contingencies - Rent expense and purchase obligations (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Rent expense and inventory purchase commitments
Purchase obligations	$ 24.6
Liabilities accrued	1.5
Minimum
Rent expense and inventory purchase commitments
Loss contingency, estimate of possible loss	1.5
Maximum
Rent expense and inventory purchase commitments
Loss contingency, estimate of possible loss	2
Inventories
Rent expense and inventory purchase commitments
Purchase obligations expected to be consummated in the next 12 months	$ 5.3
Unrecorded unconditional purchase obligation, term	12 months
Hosting arrangements
Rent expense and inventory purchase commitments
Purchase obligations will be used in the next one to three years	$ 17.4
Hosting arrangements | Minimum
Rent expense and inventory purchase commitments
Long-term purchase commitment, period	1 year
Hosting arrangements | Maximum
Rent expense and inventory purchase commitments
Long-term purchase commitment, period	2 years
Other software agreements
Rent expense and inventory purchase commitments
Purchase obligations will be used in the next one to three years	$ 2
Other software agreements | Minimum
Rent expense and inventory purchase commitments
Long-term purchase commitment, period	1 year
Other software agreements | Maximum
Rent expense and inventory purchase commitments
Long-term purchase commitment, period	3 years

Restructuring and Other Relat_3

Restructuring and Other Related Charges - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) employee	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 9,482	$ 0	$ 0
Number of employees, positions made redundant | employee	100
Digital Agreements
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 1,900
Security Solutions
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	5,100
Accrued Wages and Payroll Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charge liability	$ 3,600

Restructuring and Other Relat_4

Restructuring and Other Related Charges - Schedule of restructuring charge liability (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 0
Additions	9,482
Payments	(5,886)
Ending balance	$ 3,596

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Twilio Inc.
Related Party
Related party transaction, due from (to) related party		$ (100,000)
Officer | Cox Automotive | Sales
Related Party
Revenue from related parties	$ 700,000	300,000
Officer | Twilio Inc.
Related Party
Related party transaction, due from (to) related party	(200,000)
Officer | Twilio Inc. | Cost of Sales
Related Party
Related party transaction, due from (to) related party	(1,000,000)	(800,000)
Executive Vice President | Cox Automotive
Related Party
Related party transaction, due from (to) related party	1,000,000	0
President | Cloudfare Inc.
Related Party
Related party transaction, due from (to) related party		0
President | Cloudfare Inc. | Maximum
Related Party
Related party transaction, due from (to) related party	(100,000)
President | Cloudfare Inc. | Cost of Sales
Related Party
Related party transaction, due from (to) related party	$ (200,000)	$ (100,000)

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - ProvenDB $ in Millions	Feb. 22, 2023 USD ($)
Subsequent Event [Line Items]
Aggregate purchase price	$ 2
Aggregate amount paid upfront	1.8
Aggregate amount held for net working capital adjustments	$ 0.2

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Standards Update 2016-13
Change in allowance for doubtful accounts for trade receivables
Beginning Balance		$ 288
Ending Balance			$ 288
SEC Schedule, 12-09, Allowance, Credit Loss
Change in allowance for doubtful accounts for trade receivables
Beginning Balance	$ 1,419	4,135	2,812
Provision for Bad Debts	517	(16)	2,306
Chargeoffs	(334)	(2,689)	(994)
Foreign Currency Translation	(2)	(11)	11
Ending Balance	$ 1,600	1,419	4,135
SEC Schedule, 12-09, Allowance, Credit Loss | Accounting Standards Update 2016-13
Change in allowance for doubtful accounts for trade receivables
Beginning Balance		$ 4,135
Ending Balance			$ 4,135

Uncategorized Items - ospn-2022

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]