Altair Engineering (ALTR) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Jul. 17, 2023
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	ALTR
Entity Registrant Name	ALTAIR ENGINEERING INC.
Entity Central Index Key	0001701732
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	001-38263
Entity Tax Identification Number	38-2591828
Entity Address, Address Line One	1820 East Big Beaver Road
Entity Address, City or Town	Troy
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48083
City Area Code	248
Local Phone Number	614-2400
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Class A Common Stock $0.0001 par value per share
Security Exchange Name	NASDAQ
Class A Common Stock [Member]
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		54,072,791
Class B Common Stock [Member]
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		27,164,574

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 418,338	$ 316,146
Accounts receivable, net	124,260	170,279
Income tax receivable	14,505	11,259
Prepaid expenses and other current assets	29,678	29,142
Total current assets	586,781	526,826
Property and equipment, net	39,107	37,517
Operating lease right of use assets	30,284	33,601
Goodwill	453,093	449,048
Other intangible assets, net	94,642	107,609
Deferred tax assets	8,183	9,727
Other long-term assets	43,717	40,410
TOTAL ASSETS	1,255,807	1,204,738
CURRENT LIABILITIES:
Accounts payable	4,682	10,434
Accrued compensation and benefits	35,951	42,456
Current portion of operating lease liabilities	9,557	10,396
Other accrued expenses and current liabilities	66,044	56,371
Deferred revenue	121,853	113,081
Current portion of convertible senior notes, net	81,161	0
Total current liabilities	319,248	232,738
Convertible senior notes, net	225,320	305,604
Operating lease liabilities, net of current portion	21,337	24,065
Deferred revenue, non-current	26,694	31,379
Other long-term liabilities	42,993	41,216
TOTAL LIABILITIES	635,592	635,002
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued and outstanding	0	0
Additional paid-in capital	790,184	721,307
Accumulated deficit	(145,816)	(121,577)
Accumulated other comprehensive loss	(24,161)	(30,002)
TOTAL STOCKHOLDERS’ EQUITY	620,215	569,736
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,255,807	1,204,738
Class A Common Stock [Member]
STOCKHOLDERS’ EQUITY:
Common stock	5	5
Class B Common Stock [Member]
STOCKHOLDERS’ EQUITY:
Common stock	$ 3	$ 3

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	45,000,000	45,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	513,797,000	513,797,000
Common stock, shares issued	53,951,000	52,277,000
Common stock, shares outstanding	53,951,000	52,277,000
Class B Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	41,203,000	41,203,000
Common stock, shares issued	27,175,000	27,745,000
Common stock, shares outstanding	27,175,000	27,745,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total revenue	$ 141,161	$ 132,656	$ 307,195	$ 292,437
Total cost of revenue	30,797	29,523	63,532	61,126
Gross profit	110,364	103,133	243,663	231,311
Operating expenses:
Research and development	55,277	50,437	108,528	97,516
Sales and marketing	44,982	41,153	88,474	78,993
General and administrative	18,622	18,370	36,573	35,796
Amortization of intangible assets	7,625	6,208	15,439	12,111
Other operating expense (income), net	127	(5,767)	5,732	(6,548)
Total operating expenses	126,633	110,401	254,746	217,868
Operating (loss) income	(16,269)	(7,268)	(11,083)	13,443
Interest expense	1,528	700	3,054	1,285
Other (income) expense, net	(4,195)	21,907	(7,808)	23,975
Loss before income taxes	(13,602)	(29,875)	(6,329)	(11,817)
Income tax expense	8,678	3,899	17,910	10,429
Net loss	$ (22,280)	$ (33,774)	$ (24,239)	$ (22,246)
(Loss) income per share:
Net loss per share attributable to common stockholders, basic	$ (0.28)	$ (0.43)	$ (0.3)	$ (0.28)
Net loss per share attributable to common stockholders, diluted	$ (0.28)	$ (0.43)	$ (0.3)	$ (0.28)
Weighted average shares outstanding:
Weighted average number of shares used in computing net loss per share, basic	79,986	78,948	80,088	79,204
Weighted average number of shares used in computing net loss per share, diluted	79,986	78,948	80,088	79,204
Total Software and Related Services [Member]
Total revenue	$ 131,985	$ 124,269	$ 288,728	$ 274,227
Total cost of revenue	22,928	22,468	47,794	45,909
License [Member]
Total revenue	87,738	82,688	200,147	188,857
Total cost of revenue	3,981	4,120	8,805	8,807
Maintenance and Other Services [Member]
Total revenue	37,583	34,205	74,817	68,933
Total cost of revenue	13,639	12,884	28,065	25,603
Total Software [Member]
Total revenue	125,321	116,893	274,964	257,790
Total cost of revenue	17,620	17,004	36,870	34,410
Software Related Services [Member]
Total revenue	6,664	7,376	13,764	16,437
Total cost of revenue	5,308	5,464	10,924	11,499
Client Engineering Services [Member]
Total revenue	8,034	7,047	15,810	15,059
Total cost of revenue	6,767	5,914	13,391	12,555
Other [Member]
Total revenue	1,142	1,340	2,657	3,151
Total cost of revenue	$ 1,102	$ 1,141	$ 2,347	$ 2,662

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (22,280)	$ (33,774)	$ (24,239)	$ (22,246)
Other comprehensive (loss) income, net of tax:
Foreign currency translation (net of tax effect of $0 for all periods)	(1,340)	(15,949)	5,892	(20,112)
Retirement related benefit plans (net of tax effect of $(79), $7, $(79) and $7, respectively)	(70)	177	(51)	282
Total other comprehensive (loss) income	(1,410)	(15,772)	5,841	(19,830)
Comprehensive loss	$ (23,690)	$ (49,546)	$ (18,398)	$ (42,076)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax effect	$ 0	$ 0	$ 0	$ 0
Retirement related benefit plans, tax effect	$ (79)	$ 7	$ (79)	$ 7

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member] Class A Common Stock [Member]	Common Stock [Member] Class B Common Stock [Member]	Additional Paid-In Capital [Member]	Additional Paid-In Capital [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning balance at Dec. 31, 2021	$ 613,197		$ 5	$ 3	$ 724,226		$ (102,087)		$ (8,950)
Beginning balance (in shares) at Dec. 31, 2021			51,524,000	27,745,000
Net Income (Loss)	11,528						11,528
Issuance of common stock for employee stock purchase program	4,187				4,187
Issuance of common stock for employee stock purchase program (in shares)			77,000
Exercise of stock options	238				238
Exercise of stock options (in shares)			86,000
Vesting of restricted stock (in shares)			324,000
Stock-based compensation	19,403				19,403
Foreign currency translation, net of tax	(4,163)								(4,163)
Retirement related benefit plans, net of tax	105								105
Ending balance at Mar. 31, 2022	618,425	$ (26,070)	$ 5	$ 3	698,045	$ (50,009)	(66,620)	$ 23,939	(13,008)
Ending balance (in shares) at Mar. 31, 2022			52,011,000	27,745,000
Beginning balance at Dec. 31, 2021	613,197		$ 5	$ 3	724,226		(102,087)		(8,950)
Beginning balance (in shares) at Dec. 31, 2021			51,524,000	27,745,000
Net Income (Loss)	(22,246)
Foreign currency translation, net of tax	(20,112)
Retirement related benefit plans, net of tax	282
Ending balance at Jun. 30, 2022	558,172		$ 5	$ 3	687,338		(100,394)		(28,780)
Ending balance (in shares) at Jun. 30, 2022			52,191,000	27,745,000
Beginning balance at Mar. 31, 2022	618,425	$ (26,070)	$ 5	$ 3	698,045	$ (50,009)	(66,620)	$ 23,939	(13,008)
Beginning balance (in shares) at Mar. 31, 2022			52,011,000	27,745,000
Net Income (Loss)	(33,774)						(33,774)
Settlement of convertible senior notes	(29,756)				(29,756)
Repurchase and retirement of common stock	(4,387)				(4,387)
Repurchase and retirement of common stock, Shares			(85,000)
Reclassification of mezzanine equity to permanent equity	784				784
Exercise of stock options	1,452				1,452
Exercise of stock options (in shares)			222,000
Vesting of restricted stock (in shares)			43,000
Stock-based compensation	21,200				21,200
Foreign currency translation, net of tax	(15,949)								(15,949)
Retirement related benefit plans, net of tax	177								177
Ending balance at Jun. 30, 2022	558,172		$ 5	$ 3	687,338		(100,394)		(28,780)
Ending balance (in shares) at Jun. 30, 2022			52,191,000	27,745,000
Beginning balance at Dec. 31, 2022	569,736		$ 5	$ 3	721,307		(121,577)		(30,002)
Beginning balance (in shares) at Dec. 31, 2022			52,277,000	27,745,000
Net Income (Loss)	(1,959)						(1,959)
Issuance of common stock for acquisitions (in shares)			34,000
Repurchase and retirement of common stock	(4,256)				(4,256)
Repurchase and retirement of common stock, Shares			(91,000)
Issuance of common stock for employee stock purchase program	3,648				3,648
Issuance of common stock for employee stock purchase program (in shares)			92,000
Exercise of stock options	10,324				10,324
Exercise of stock options (in shares)			265,000
Vesting of restricted stock (in shares)			336,000
Conversion from Class B to Class A common stock			240,000	(240,000)
Stock-based compensation	22,161				22,161
Foreign currency translation, net of tax	7,232								7,232
Retirement related benefit plans, net of tax	19								19
Ending balance at Mar. 31, 2023	606,905		$ 5	$ 3	753,184		(123,536)		(22,751)
Ending balance (in shares) at Mar. 31, 2023			53,153,000	27,505,000
Beginning balance at Dec. 31, 2022	569,736		$ 5	$ 3	721,307		(121,577)		(30,002)
Beginning balance (in shares) at Dec. 31, 2022			52,277,000	27,745,000
Net Income (Loss)	(24,239)
Foreign currency translation, net of tax	5,892
Retirement related benefit plans, net of tax	(51)
Ending balance at Jun. 30, 2023	620,215		$ 5	$ 3	790,184		(145,816)		(24,161)
Ending balance (in shares) at Jun. 30, 2023			53,951,000	27,175,000
Beginning balance at Mar. 31, 2023	606,905		$ 5	$ 3	753,184		(123,536)		(22,751)
Beginning balance (in shares) at Mar. 31, 2023			53,153,000	27,505,000
Net Income (Loss)	(22,280)						(22,280)
Exercise of stock options	13,264				13,264
Exercise of stock options (in shares)			382,000
Vesting of restricted stock (in shares)			86,000
Conversion from Class B to Class A common stock			330,000	(330,000)
Stock-based compensation	23,736				23,736
Foreign currency translation, net of tax	(1,340)								(1,340)
Retirement related benefit plans, net of tax	(70)								(70)
Ending balance at Jun. 30, 2023	$ 620,215		$ 5	$ 3	$ 790,184		$ (145,816)		$ (24,161)
Ending balance (in shares) at Jun. 30, 2023			53,951,000	27,175,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES:
Net loss	$ (24,239)	$ (22,246)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	19,488	15,819
Stock-based compensation expense	45,897	39,814
Amortization of debt issuance costs	930	829
Deferred income taxes	2,015	(64)
Loss (gain) on mark-to-market adjustment of contingent consideration	7,987	(5,304)
Expense on repurchase of convertible senior notes	0	16,621
Other, net	405	229
Changes in assets and liabilities:
Accounts receivable, net	45,077	29,270
Prepaid expenses and other current assets	(3,166)	2,056
Other long-term assets	(2,516)	4,397
Accounts payable	(5,529)	(2,070)
Accrued compensation and benefits	(6,591)	(9,742)
Other accrued expenses and current liabilities	4,857	(61,648)
Deferred revenue	4,614	10,080
Net cash provided by operating activities	89,229	18,041
INVESTING ACTIVITIES:
Capital expenditures	(6,184)	(3,457)
Payments for acquisition of businesses, net of cash acquired	(721)	(37,660)
Other investing activities, net	(1,452)	(322)
Net cash used in investing activities	(8,357)	(41,439)
FINANCING ACTIVITIES:
Proceeds from the exercise of common stock options	23,507	1,689
Payments for repurchase and retirement of common stock	(6,255)	(4,387)
Proceeds from employee stock purchase plan contributions	3,797	4,431
Proceeds from issuance of convertible senior notes, net of discounts and commissions	0	224,265
Repurchase of convertible senior notes	0	(192,792)
Payments of debt issuance costs	0	(1,157)
Other financing activities	(48)	(131)
Net cash provided by financing activities	21,001	31,918
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(44)	(6,226)
Net increase in cash, cash equivalents and restricted cash	101,829	2,294
Cash, cash equivalents and restricted cash at beginning of year	316,958	414,012
Cash, cash equivalents and restricted cash at end of period	418,787	416,306
Supplemental disclosure of cash flow:
Interest paid	2,121	289
Income taxes paid	8,901	4,891
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment in accounts payable, other current liabilities and other liabilities	$ 427	$ 1,530

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (22,280)	$ (1,959)	$ (33,774)	$ 11,528	$ (24,239)	$ (22,246)

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	1. Organization and description of business Altair Engineering Inc. (“Altair” or the “Company”) is incorporated in the state of Delaware. The Company is a global leader in computational science and artificial intelligence enabling organizations across broad industry segments to drive smarter decisions in an increasingly connected world. Altair delivers software and cloud solutions in the areas of simulation, high-performance computing (“HPC”), data analytics, and artificial intelligence (“AI”). Altair’s products and services leverage computational science to drive innovation and intelligent decisions for a more connected, safe, and sustainable future. The Company is headquartered in Troy, Michigan. Basis of presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial information. Accordingly, the accompanying statements do not include all the information and notes required by GAAP for complete financial statements. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements (and notes thereto) for the year ended December 31, 2022, included in the most recent Annual Report on Form 10-K filed with the SEC. Change in Classification of Indirect Costs Beginning in the first quarter of 2023, the Company refined its classification of certain indirect costs to reflect the way management is now reviewing the information in decision making and to improve comparability with peers. These indirect costs include certain IT, facilities, and depreciation expenses that were previously reported primarily in General and administrative expense. These indirect costs have now been reclassified to Research and development, Sales and marketing, and General and administrative expenses based on global headcount. Management believes this refined methodology better reflects the nature of the costs and financial performance of the Company. As a result, the Company’s consolidated statements of operations have been recast for prior periods presented to reflect the effects of the changes to Research and development, Sales and marketing, and General and administrative expense. There was no net impact to total operating expenses, income from operations, net income or net income per share for any periods presented. The consolidated balance sheets, consolidated statements of comprehensive income, consolidated statements of changes in stockholders’ equity, and the consolidated statements of cash flows were not affected by changes in the presentation of these costs. The following table summarizes the changes made to the consolidated statement of operations for the three and six months ended June 30, 2022 (in thousands): Three Months Ended Six Months Ended Previously Reported Recast Previously Reported Recast Operating expenses: Research and development $ 46,477 $ 50,437 $ 89,571 $ 97,516 Sales and marketing 39,116 41,153 74,798 78,993 General and administrative 24,367 18,370 47,936 35,796 Amortization of intangible assets 6,208 6,208 12,111 12,111 Other operating income, net ( 5,767 ) ( 5,767 ) ( 6,548 ) ( 6,548 ) Total operating expenses $ 110,401 $ 110,401 $ 217,868 $ 217,868 Use of estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting periods. On an ongoing basis, management evaluates its significant estimates including the stand alone selling price, or SSP, for each distinct performance obligation included in customer contracts with multiple performance obligations, valuation of acquired intangible assets in business combinations, the incremental borrowing rate used in the valuation of lease liabilities, the determination of the period of benefit for capitalized costs to obtain a contract, fair value of convertible senior notes, provision for credit loss, tax valuation allowances, liabilities for uncertain tax provisions, impairment of goodwill and intangible assets, useful lives of intangible assets, and stock-based compensation. Actual results could differ from those estimates. Significant accounting policies There have been no material changes to our significant accounting policies as of and for the six months ended June 30, 2023, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2022.

Recent Accounting Guidance

Recent Accounting Guidance	6 Months Ended
	Jun. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Guidance	2. Recent accounting guidance Accounting standards not yet adopted Reference Rate Reform – In March 2020, the FASB issued ASU 2020-04. Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another rate that is expected to be discontinued. In October 2022, the FASB Board voted to amend the sunset date of ASU 2020-04 to December 31, 2024. The Company is currently evaluating the impact of this new guidance on its consolidated financial statements and related disclosures and does not expect this guidance to have a material effect on its consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	3. Revenue from contracts with customers Disaggregation of revenue The Company disaggregates its software revenue by type of performance obligation and timing of revenue recognition as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Term licenses and other $ 78,781 $ 72,485 $ 182,090 $ 166,530 Perpetual licenses 8,957 10,203 18,057 22,327 Maintenance 36,041 33,035 71,642 66,372 Professional software services 1,542 1,170 3,175 2,561 Software related services 6,664 7,376 13,764 16,437 Client engineering services 8,034 7,047 15,810 15,059 Other 1,142 1,340 2,657 3,151 Total revenue $ 141,161 $ 132,656 $ 307,195 $ 292,437 The Company derived approximately 12.8 % and 12.7 % of its total revenue through indirect sales channels for the six months ended June 30, 2023 and 2022, respectively. Costs to obtain a contract As of June 30, 2023, and December 31, 2022, respectively, capitalized costs to obtain a contract were $ 4.7 million and $ 3.9 million recorded in Prepaid and other current assets and $ 0.2 million and $ 0.4 million recorded in Other long-term assets in the Company’s consolidated balance sheets. Sales commissions were $ 2.1 million and $ 4.1 million, respectively, for the three and six months ended June 30, 2023, and $ 2.1 million and $ 4.2 million, respectively, for the three and six months ended June 30, 2022. Sales commissions were included in Sales and marketing expense in the Company’s consolidated statement of operations. Contract assets As of June 30, 2023, and December 31, 2022, respectively, contract assets were $ 7.4 million and $ 6.3 million included in Accounts receivable, and $ 3.3 million and $ 2.3 million included in Prepaid expenses and other current assets in the Company’s consolidated balance sheets. Deferred revenue Approximately $ 84.6 million of revenue recognized during the six months ended June 30, 2023, was included in deferred revenue at the beginning of the year. Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted revenue not yet recognized was $ 198.6 million and $ 147.6 million as of June 30, 2023 and 2022, respectively. Of the amount recorded as of June 30, 2023, the Company expects to recognize approximately 74 % over the next 12 months and the remainder thereafter.

Supplementary Information

Supplementary Information	6 Months Ended
	Jun. 30, 2023
Supplementary Information [Abstract]
Supplementary Information	4. Supplementary Information Acquisitions The Company finalized the valuation of the acquisition of Concept Engineering as of June 30, 2023. The Company finalized the valuation of three other prior year acquisitions as of March 31, 2023. There were no changes to the preliminary fair value of assets acquired and liabilities assumed, as previously reported. The Company recognized a $ 1.0 million loss and an $ 8.0 million loss, respectively, for the three and six months ended June 30, 2023, and a $ 5.3 million gain for both the three and six months ended June 30, 2022, from a mark-to-market adjustment of contingent consideration associated with a prior year acquisition. The mark-to-market adjustments were included in Other operating expense (income), net in the consolidated statements of operations. Cash, cash equivalents and restricted cash The Company considers all highly liquid investments with original or remaining maturities of 90 days or less at the date of purchase to be cash equivalents. Cash and cash equivalents are recorded at cost, which approximates fair value. Restricted cash is included in other long-term assets on the consolidated balance sheets. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets that sum to the total of the amounts reported in the consolidated statement of cash flows (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents $ 418,338 $ 316,146 Restricted cash included in other long-term assets 449 812 Total cash, cash equivalents, and restricted cash $ 418,787 $ 316,958 Restricted cash represents amounts required for the payment of potential health insurance claims and term deposits for bank guarantees. Property and equipment, net Property and equipment consisted of the following (in thousands): June 30, December 31, 2023 2022 Land $ 7,994 $ 7,994 Building and improvements 17,938 16,995 Computer equipment and software 46,884 45,340 Furniture, equipment and other 12,356 13,335 Leasehold improvements 7,354 8,766 Right-of-use assets under finance leases 2,066 2,122 Total property and equipment 94,592 94,552 Less: accumulated depreciation and amortization 55,485 57,035 Property and equipment, net $ 39,107 $ 37,517 Depreciation expense, including amortization of right-of-use assets under finance leases, was $ 2.1 million and $ 4.0 million for the three and six months ended June 30, 2023, respectively, and $ 1.9 million and $ 3.7 million for the three and six months ended June 30, 2022, respectively. Other liabilities The following table provides the details of other accrued expenses and current liabilities (in thousands): June 30, December 31, 2023 2022 Obligations for acquisition of businesses $ 21,561 $ 13,136 Income taxes payable 17,001 11,524 Accrued VAT 5,515 8,402 Employee stock purchase plan obligations 4,118 3,969 Accrued professional fees 3,147 3,637 Accrued royalties 2,072 2,593 Non-income tax liabilities 1,778 2,465 Billings in excess of cost 1,689 1,874 Defined contribution plan liabilities 1,348 1,393 Other current liabilities 7,815 7,378 Total $ 66,044 $ 56,371 The following table provides details of other long-term liabilities (in thousands): June 30, December 31, 2023 2022 Deferred tax liabilities $ 18,065 $ 16,775 Pension and other post retirement liabilities 13,258 12,273 Other long-term liabilities 11,670 12,168 Total $ 42,993 $ 41,216 Other (income) expense, net Other (income) expense, net consists of the following (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Interest income $ ( 3,984 ) $ ( 455 ) $ ( 6,869 ) $ ( 300 ) Foreign exchange (gain) loss ( 211 ) 5,741 ( 939 ) 7,654 Expense on repurchase of convertible senior notes — 16,621 — 16,621 Other (income) expense, net $ ( 4,195 ) $ 21,907 $ ( 7,808 ) $ 23,975

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	5. Goodwill and other intangible assets Goodwill The changes in the carrying amount of goodwill, which is attributable to the Software reportable segment, were as follows (in thousands): Balance as of December 31, 2022 $ 449,048 Effects of foreign currency translation and other 4,045 Balance as of June 30, 2023 $ 453,093 Other intangible assets A summary of other intangible assets is shown below (in thousands): June 30, 2023 Weighted average Gross carrying Accumulated amortization Net carrying amount Definite-lived intangible assets: Developed technology 4 - 6 years $ 138,095 $ 78,843 $ 59,252 Customer relationships 7 - 10 years 57,611 33,625 23,986 Other intangibles 4 - 10 years 1,454 428 1,026 Total definite-lived intangible assets 197,160 112,896 84,264 Indefinite-lived intangible assets: Trade names 10,378 10,378 Total other intangible assets $ 207,538 $ 112,896 $ 94,642 December 31, 2022 Weighted average Gross carrying Accumulated Net carrying Definite-lived intangible assets: Developed technology 4 - 6 years $ 135,703 $ 67,665 $ 68,038 Customer relationships 7 - 10 years 57,143 29,148 27,995 Other intangibles 4 - 10 years 1,448 298 1,150 Total definite-lived intangible assets 194,294 97,111 97,183 Indefinite-lived intangible assets: Trade names 10,426 10,426 Total other intangible assets $ 204,720 $ 97,111 $ 107,609 Amortization expense related to intangible assets was $ 7.6 million and $ 15.4 million for the three and six months ended June 30, 2023, respectively, and $ 6.2 million and $ 12.1 million for the three and six months ended June 30, 2022, respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	6. Debt Convertible senior notes 2027 Notes In June 2022, the Company issued $ 230.0 million aggregate principal amount of 1.750 % convertible senior notes due in 2027 (the "2027 Notes"), which includes the initial purchaser’s exercise in full of its option to purchase an additional $ 30.0 million principal amount of the 2027 Notes, in a private offering. The net proceeds from the issuance of the 2027 Notes was $ 224.3 million after deducting discounts, commissions and estimated issuance costs. The 2027 Notes bear interest at a rate of 1.750 % per year, payable semi-annually in arrears on June 15 and December 15 of each year, which commenced on December 15, 2022 . The 2027 Notes mature on June 15, 2027, unless, earlier repurchased or redeemed by the Company or converted pursuant to their terms. The 2027 Notes have an initial conversion rate of 13.9505 shares of the Company's Class A common stock per $1,000 principal amount of 2027 Notes, which is equivalent to an initial conversion price of approximately $ 71.68 per share of its Class A common stock. Refer to the Company’s consolidated financial statements for the year ended December 31, 2022, for details of the issuance of the 2027 Notes. The Company may settle the 2027 Notes in cash, shares of Class A common stock or a combination of cash and shares of the Class A common stock, at the Company’s election, in the manner and subject to the terms and conditions provided in the Indenture. During the period ended June 30, 2023, the conditions allowing holders of the 2027 Notes to convert were not met. Therefore, the 2027 Notes remained classified as long-term debt on the consolidated balance sheet as of June 30, 2023. 2024 Notes In June 2019, the Company issued $ 230.0 million aggregate principal amount of 0.25 % convertible senior notes due in 2024 (the "2024 Notes" and together with the 2027 Notes, the “Convertible Notes”), which includes the underwriters’ exercise in full of their option to purchase an additional $ 30.0 million principal amount of the 2024 Notes, in a public offering. The net proceeds from the issuance of the 2024 Notes were $ 221.9 million after deducting the underwriting discounts and commissions and estimated issuance costs. The 2024 Notes bear interest at a rate of 0.25 % per year, payable semi-annually in arrears on June 1 and December 1 of each year. The 2024 Notes mature on June 1, 2024 , unless, earlier repurchased or redeemed by the Company or converted pursuant to their terms. The 2024 Notes have an initial conversion rate of 21.5049 shares of the Company's Class A common stock per $1,000 principal amount of 2024 Notes, which is equivalent to an initial conversion price of approximately $ 46.50 per share of its Class A common stock. Refer to the Company’s consolidated financial statements for the year ended December 31, 2022, for details of the issuance of the 2024 Notes. During the year ended December 31, 2022, using proceeds from the issuance of the 2027 Notes, the Company entered into separate privately negotiated transactions with certain holders of the 2024 Notes to repurchase and retire $ 148.2 million aggregate principal amount of the 2024 Notes for an aggregate amount of $ 192.4 million of cash including accrued and unpaid interest. As of June 30, 2023, $ 81.8 million principal amount of the 2024 Notes remained outstanding. The Company may settle the 2024 Notes in cash, shares of Class A common stock or a combination of cash and shares of the Class A common stock, at the Company’s election, in the manner and subject to the terms and conditions provided in the indenture for the 2024 Notes. For at least twenty trading days during the last thirty consecutive trading days in the quarter ended June 30, 2023, the last reported sale price of the Company’s Class A common stock was greater than or equal to 130 % of the conversion price of the 2024 Notes. As a result, the 2024 Notes were convertible at the option of the holders and were classified as current liabilities on the consolidated balance sheet as of June 30, 2023. The net carrying value of the liability component of the 2027 and 2024 Notes was as follows (in thousands): June 30, 2023 December 31, 2022 2027 Notes 2024 Notes 2027 Notes 2024 Notes Principal $ 230,000 $ 81,754 $ 230,000 $ 81,754 Less: unamortized debt issuance costs 4,680 593 5,247 903 Net carrying amount $ 225,320 $ 81,161 $ 224,753 $ 80,851 The interest expense recognized related to the 2027 and 2024 Notes was as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Contractual interest expense $ 1,060 $ 194 $ 2,121 $ 338 Amortization of debt issuance costs and discount 435 406 899 818 Total $ 1,495 $ 600 $ 3,020 $ 1,156 As of June 30, 2023, the “if converted value” of the 2027 Notes exceeded the principal amount by $ 13.3 million, and the “if converted value” of the 2024 Notes exceeded the principal amount by $ 51.6 million. Credit agreement Revolving credit facility The Company has a $ 200.0 million credit facility with a maturity date of December 31, 2025 (“2019 Amended Credit Agreement”). As of June 30, 2023, there were no outstanding borrowings under the 2019 Amended Credit Agreement, there was $ 200.0 million available for future borrowing, and the Company was in compliance with all the financial covenants. The 2019 Amended Credit Agreement is available for general corporate purposes, including working capital, capital expenditures, and permitted acquisitions. For additional information about the 2019 Amended Credit Agreement, refer to the Company’s consolidated financial statements for the year ended December 31, 2022, included in our Annual Report on Form 10-K for the year ended December 31, 2022.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	7. Fair value measurements The accounting guidance for fair value, among other things, defines fair value, establishes a consistent framework for measuring fair value and expands disclosure for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The framework for measuring fair value consists of a three-level valuation hierarchy that prioritizes the inputs to valuation techniques used to measure fair value based upon whether such inputs are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions made by the reporting entity. The three-level hierarchy for the inputs to valuation techniques is briefly summarized as follows: Level 1 – Quoted prices in active markets for identical assets and liabilities at the measurement date; Level 2 – Observable inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3 – Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. An asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The carrying value of cash and cash equivalents, accounts receivable, net and accounts payable approximate fair value due to their short maturities. Interest on the Company’s line of credit is at a variable rate, and as such the debt obligation outstanding approximates fair value. The carrying value of the Company’s Convertible Notes are at face value less unamortized issuance costs. The estimated fair values of the Convertible Notes, which the Company has classified as Level 2 financial instruments, were determined based on quoted bid prices of the Convertible Notes on the last trading day of each reporting period. As of June 30, 2023, the estimated fair value of the 2027 Notes and 2024 Notes was $ 279.4 million and $ 133.6 million, respectively, and is presented for required disclosure purposes only. For further information on the Convertible Notes, see Note 6. – Debt.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	8. Stock-based compensation 2017 stock-based compensation plan In 2017, the Company’s board of directors adopted the 2017 Equity Incentive Plan (“2017 Plan”), which was approved by the Company’s stockholders. The 2017 Plan provides for the grant of incentive stock options to the Company’s employees and any parent and subsidiary corporations’ employees, and for the grant of nonstatutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, performance shares, other cash-based awards and other stock-based awards to the Company’s employees, directors and consultants and the Company’s parent, subsidiary, and affiliate corporations’ employees and consultants. The 2017 Plan has 16,999,318 authorized shares of the Company’s Class A common stock reserved for issuance. The following table summarizes the restricted stock units, or RSUs, awarded under the 2017 Plan for the period: Number of RSUs Outstanding as of December 31, 2022 1,230,774 Granted 374,034 Vested ( 422,442 ) Forfeited ( 16,459 ) Outstanding as of June 30, 2023 1,165,907 The weighted average grant date fair value of the RSUs was $ 65.23 and the RSUs generally vest in four equal annual installments. Total compensation cost related to nonvested awards not yet recognized as of June 30, 2023, totaled $ 88.4 million, and is expected to be recognized over a weighted average period of 2.5 years. The following table summarizes the stock option activity under the 2017 Plan for the period: Number of options Weighted average Weighted average Aggregate Outstanding as of December 31, 2022 7,491,491 $ 50.39 8.5 $ 11.5 Granted 1,017,785 $ 65.19 Exercised ( 522,126 ) $ 44.55 Forfeited ( 64,965 ) $ 57.03 Outstanding as of June 30, 2023 7,922,185 $ 52.63 8.3 $ 186.5 Exercisable as of June 30, 2023 2,819,969 $ 47.34 7.3 $ 81.0 The total intrinsic value of the 2017 Plan stock options exercised during the six months ended June 30, 2023, was $ 13.1 million. 2021 Employee Stock Purchase Plan The Company has an Employee Stock Purchase Plan (“ESPP”) which allows eligible employees to purchase shares of common stock through payroll deductions and is intended to qualify under Section 423 of the Internal Revenue Code. As of June 30, 2023, the Company had 2,922,942 shares of its common stock available for future issuances under the ESPP. The purchase price for each share of common stock purchased under the ESPP will be 85 % of the lower of (a) the fair market value per share on the first day of the applicable offering period or (b) the fair market value per share on the applicable purchase date. The Company issued 92,018 shares of common stock under the ESPP during the six months ended June 30, 2023. As of June 30, 2023 and December 31, 2022, respectively, $ 4.1 million and $ 4.0 million had been withheld on behalf of employees for future purchases under the ESPP due to the timing of payroll deductions and was reported in current liabilities. Stock-based compensation expense related to the ESPP was $ 0.6 million and $ 1.2 million of for the three and six months ended June 30, 2023, respectively, and $ 0.6 million and $ 1.3 million for the three and six months ended June 30, 2022, respectively. Stock-based compensation expense S tock-based compensation expense was recorded as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of revenue – software $ 2,572 $ 2,030 $ 5,324 $ 3,933 Research and development 9,943 8,979 18,686 16,337 Sales and marketing 7,581 7,664 15,172 14,699 General and administrative 3,640 2,527 6,715 4,845 Total stock-based compensation expense $ 23,736 $ 21,200 $ 45,897 $ 39,814

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net (loss) income per share	9. Net loss per share Basic net loss per share attributable to common stockholders is computed using the weighted average number of shares of common stock outstanding for the period, excluding dilutive securities, stock options, RSUs, and ESPP shares. Diluted net loss per share attributable to common stockholders is based upon the weighted average number of shares of common stock outstanding for the period and potentially dilutive common shares, including the effect of dilutive securities, stock options, RSUs and ESPP shares under the treasury stock method. The Company applies the if-converted method for convertible instruments when calculating diluted earnings per share. Under the if-converted method, shares related to convertible senior notes, to the extent dilutive, are assumed to be converted into common stock at the beginning of the period. The following table sets forth the computation of the numerators and denominators used in the basic and diluted net loss per share amounts (in thousands, except per share data): Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net loss $ ( 22,280 ) $ ( 33,774 ) $ ( 24,239 ) $ ( 22,246 ) Interest expense related to Convertible Notes, net of tax — — — — Numerator for diluted loss per share $ ( 22,280 ) $ ( 33,774 ) $ ( 24,239 ) $ ( 22,246 ) Denominator: Denominator for basic loss per share— 79,986 78,948 80,088 79,204 Effect of dilutive securities, stock options, RSUs and — — — — Denominator for dilutive loss per share 79,986 78,948 80,088 79,204 Net loss per share attributable to common $ ( 0.28 ) $ ( 0.43 ) $ ( 0.30 ) $ ( 0.28 ) Anti-dilutive shares excluded from the computation of diluted net loss per share were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Stock options and ESPP shares 3,430 2,366 3,679 2,345 Convertible shares 4,967 4,967 4,967 4,967 Total shares excluded from calculation 8,397 7,333 8,646 7,312

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	10. Income taxes The Company’s income tax expense and effective tax rate for the three and six months ended June 30, 2023 and 2022, were as follows (in thousands, except percentages): Three Months Ended Six Months Ended 2023 2022 2023 2022 Income tax expense $ 8,678 $ 3,899 $ 17,910 $ 10,429 Effective tax rate ( 64 %) ( 13 %) ( 283 %) ( 88 %) The tax rate is affected by the Company being a U.S. resident taxpayer, the tax rates in the U.S. and other jurisdictions in which the Company operates, the relative amount of income earned by jurisdiction and the relative amount of losses or income for which no benefit or expense is recognized due to a valuation allowance. The change in the effective tax rate for the six months ended June 30, 2023, was primarily due to a change to Internal Revenue Code (“IRC”) Section 174 which became effective for tax years beginning on or after January 1, 2022. Under the new rules, the Company is required to capitalize and amortize research and development expenses over five years for research activities conducted in the U.S. and over fifteen years for research activities conducted outside of the U.S. The capitalization of research and development expenses resulted in an increase to the Company’s taxable income and foreign derived intangible income (“FDII”), resulting in a corresponding increase in the Company’s FDII deduction. However, no tax benefit is recognized for the deferred tax asset established for these capitalized research and development expenses due to the Company’s valuation allowance position in the U.S. The Company's effective tax rate for the six months ended June 30, 2023 and 2022 also includes net discrete expense of $ 11.6 million and $ 3.4 million, respectively, primarily related to changes in tax laws, withholding taxes on royalties, current tax expense from capitalized research and development expense, changes in reserves, changes in accruals for unremitted earnings and other adjustments.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	11. Accumulated other comprehensive loss The components of accumulated other comprehensive loss were as follows (in thousands): Foreign currency translation Retirement related Total Balance as of December 31, 2022 $ ( 30,484 ) $ 482 $ ( 30,002 ) Other comprehensive income before reclassification 5,892 ( 1 ) 5,891 Amounts reclassified from accumulated other comprehensive income — 29 29 Tax effects — ( 79 ) ( 79 ) Other comprehensive income 5,892 ( 51 ) 5,841 Balance as of June 30, 2023 $ ( 24,592 ) $ 431 $ ( 24,161 )

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and contingencies World Programming The Company acquired World Programming Limited and a related company (collectively, “World Programming”) in December 2021. In 2018, SAS Institute, Inc. (“SAS”) filed litigation in the United States District Court for the Eastern District of Texas (the “Texas Court”) asserting that World Programming infringed SAS copyrights and patents. SAS voluntarily dismissed with prejudice its patent claims, and the Texas Court entered judgment in favor of World Programming on the copyright claims. SAS appealed the Texas Court judgment to the United States Court of Appeals for the Federal Circuit (the “Court of Appeals”). Oral arguments were held before the Court of Appeal on January 13, 2022. On April 6, 2023, the Court of Appeals issued its decision in favor of World Programing by affirming the Texas Court’s dismissal of SAS’s copyright claims. As of the date of this report, the period in which SAS is eligible to file a petition for a writ of certiorari has not expired. Other legal proceedings From time to time, the Company may be subject to legal proceedings and claims in the ordinary course of business. The Company has received, and may in the future continue to receive, claims from third parties asserting, among other things, infringement of their intellectual property rights. Future litigation may be necessary to defend the Company, its partners, and its customers by determining the scope, enforceability, and validity of third-party proprietary rights, or to establish and enforce the Company’s proprietary rights. Effects of proceedings The results of any current or future litigation cannot be predicted with certainty and regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources and other factors.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	13. Segment information The Company defines its operating segments as components of its business where separate financial information is available and used by the chief operating decision maker (“CODM”) in deciding how to allocate resources to its segments and in assessing performance. The Company’s CODM is its Chief Executive Officer. The Company has identified two reportable segments for financial reporting purposes: Software and Client Engineering Services. The primary measure of segment operating performance is Adjusted EBITDA, which is defined as net income (loss) adjusted for income tax expense (benefit), interest expense, interest income and other, depreciation and amortization, stock-based compensation expense, restructuring charges, asset impairment charges and other special items as determined by management. Adjusted EBITDA includes an allocation of corporate headquarters costs. The following tables are in thousands: Three months ended June 30, 2023 Software CES All other Total Revenue $ 131,985 $ 8,034 $ 1,142 $ 141,161 Adjusted EBITDA $ 17,707 $ 633 $ ( 1,284 ) $ 17,056 Three months ended June 30, 2022 Software CES All other Total Revenue $ 124,269 $ 7,047 $ 1,340 $ 132,656 Adjusted EBITDA $ 16,531 $ 406 $ ( 497 ) $ 16,440 Six months ended June 30, 2023 Software CES All other Total Revenue $ 288,728 $ 15,810 $ 2,657 $ 307,195 Adjusted EBITDA $ 60,479 $ 1,042 $ ( 1,410 ) $ 60,111 Six months ended June 30, 2022 Software CES All other Total Revenue $ 274,227 $ 15,059 $ 3,151 $ 292,437 Adjusted EBITDA $ 62,715 $ 1,204 $ ( 889 ) $ 63,030 Three Months Ended Six Months Ended 2023 2022 2023 2022 Reconciliation of Adjusted EBITDA to U.S. GAAP Adjusted EBITDA $ 17,056 $ 16,440 $ 60,111 $ 63,030 Stock-based compensation expense ( 23,736 ) ( 21,200 ) ( 45,897 ) ( 39,814 ) Interest expense ( 1,528 ) ( 700 ) ( 3,054 ) ( 1,285 ) Depreciation and amortization ( 9,738 ) ( 8,133 ) ( 19,488 ) ( 15,819 ) Special adjustments, interest income and other (1) 4,344 ( 16,282 ) 1,999 ( 17,929 ) Loss before income taxes $ ( 13,602 ) $ ( 29,875 ) $ ( 6,329 ) $ ( 11,817 ) (1) The three months ended June 30, 2023, includes a $ 1.0 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, $ 4.0 million of interest income, and $ 1.3 million currency gains on acquisition-related intercompany loans. The three months ended June 30, 2022, includes $ 16.6 million expense on repurchase of convertible senior notes, $ 5.4 million currency losses on acquisition-related intercompany loans, and a $ 5.3 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition. The six months ended June 30, 2023, includes an $ 8.0 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, $ 6.9 million of interest income, and $ 3.1 million currency gains on acquisition-related intercompany loans. The six months ended June 30, 2022, includes $ 16.6 million expense on repurchase of convertible senior notes, $ 6.9 million currency losses on acquisition-related intercompany loans and a $ 5.3 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition.

Organization and Description _2

Organization and Description of Business (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial information. Accordingly, the accompanying statements do not include all the information and notes required by GAAP for complete financial statements. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements (and notes thereto) for the year ended December 31, 2022, included in the most recent Annual Report on Form 10-K filed with the SEC.
Change in Presentation of Costs	Change in Classification of Indirect Costs Beginning in the first quarter of 2023, the Company refined its classification of certain indirect costs to reflect the way management is now reviewing the information in decision making and to improve comparability with peers. These indirect costs include certain IT, facilities, and depreciation expenses that were previously reported primarily in General and administrative expense. These indirect costs have now been reclassified to Research and development, Sales and marketing, and General and administrative expenses based on global headcount. Management believes this refined methodology better reflects the nature of the costs and financial performance of the Company. As a result, the Company’s consolidated statements of operations have been recast for prior periods presented to reflect the effects of the changes to Research and development, Sales and marketing, and General and administrative expense. There was no net impact to total operating expenses, income from operations, net income or net income per share for any periods presented. The consolidated balance sheets, consolidated statements of comprehensive income, consolidated statements of changes in stockholders’ equity, and the consolidated statements of cash flows were not affected by changes in the presentation of these costs. The following table summarizes the changes made to the consolidated statement of operations for the three and six months ended June 30, 2022 (in thousands): Three Months Ended Six Months Ended Previously Reported Recast Previously Reported Recast Operating expenses: Research and development $ 46,477 $ 50,437 $ 89,571 $ 97,516 Sales and marketing 39,116 41,153 74,798 78,993 General and administrative 24,367 18,370 47,936 35,796 Amortization of intangible assets 6,208 6,208 12,111 12,111 Other operating income, net ( 5,767 ) ( 5,767 ) ( 6,548 ) ( 6,548 ) Total operating expenses $ 110,401 $ 110,401 $ 217,868 $ 217,868
Use of Estimates	Use of estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting periods. On an ongoing basis, management evaluates its significant estimates including the stand alone selling price, or SSP, for each distinct performance obligation included in customer contracts with multiple performance obligations, valuation of acquired intangible assets in business combinations, the incremental borrowing rate used in the valuation of lease liabilities, the determination of the period of benefit for capitalized costs to obtain a contract, fair value of convertible senior notes, provision for credit loss, tax valuation allowances, liabilities for uncertain tax provisions, impairment of goodwill and intangible assets, useful lives of intangible assets, and stock-based compensation. Actual results could differ from those estimates.
Significant Accounting Policies	Significant accounting policies There have been no material changes to our significant accounting policies as of and for the six months ended June 30, 2023, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2022.
Recent Accounting Guidance	Accounting standards not yet adopted Reference Rate Reform – In March 2020, the FASB issued ASU 2020-04. Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another rate that is expected to be discontinued. In October 2022, the FASB Board voted to amend the sunset date of ASU 2020-04 to December 31, 2024. The Company is currently evaluating the impact of this new guidance on its consolidated financial statements and related disclosures and does not expect this guidance to have a material effect on its consolidated financial statements.

Organization and Description _3

Organization and Description of Business (Policies) (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Changes Made to the Consolidated Statement of Income	The following table summarizes the changes made to the consolidated statement of operations for the three and six months ended June 30, 2022 (in thousands): Three Months Ended Six Months Ended Previously Reported Recast Previously Reported Recast Operating expenses: Research and development $ 46,477 $ 50,437 $ 89,571 $ 97,516 Sales and marketing 39,116 41,153 74,798 78,993 General and administrative 24,367 18,370 47,936 35,796 Amortization of intangible assets 6,208 6,208 12,111 12,111 Other operating income, net ( 5,767 ) ( 5,767 ) ( 6,548 ) ( 6,548 ) Total operating expenses $ 110,401 $ 110,401 $ 217,868 $ 217,868

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The Company disaggregates its software revenue by type of performance obligation and timing of revenue recognition as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Term licenses and other $ 78,781 $ 72,485 $ 182,090 $ 166,530 Perpetual licenses 8,957 10,203 18,057 22,327 Maintenance 36,041 33,035 71,642 66,372 Professional software services 1,542 1,170 3,175 2,561 Software related services 6,664 7,376 13,764 16,437 Client engineering services 8,034 7,047 15,810 15,059 Other 1,142 1,340 2,657 3,151 Total revenue $ 141,161 $ 132,656 $ 307,195 $ 292,437

Supplementary Information (Tabl

Supplementary Information (Tables)	6 Months Ended
	Jun. 30, 2023
Supplementary Information [Abstract]
Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets that sum to the total of the amounts reported in the consolidated statement of cash flows (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents $ 418,338 $ 316,146 Restricted cash included in other long-term assets 449 812 Total cash, cash equivalents, and restricted cash $ 418,787 $ 316,958
Summary of Property and Equipment	Property and equipment consisted of the following (in thousands): June 30, December 31, 2023 2022 Land $ 7,994 $ 7,994 Building and improvements 17,938 16,995 Computer equipment and software 46,884 45,340 Furniture, equipment and other 12,356 13,335 Leasehold improvements 7,354 8,766 Right-of-use assets under finance leases 2,066 2,122 Total property and equipment 94,592 94,552 Less: accumulated depreciation and amortization 55,485 57,035 Property and equipment, net $ 39,107 $ 37,517
Summary of Other Accrued Expenses and Current Liabilities	The following table provides the details of other accrued expenses and current liabilities (in thousands): June 30, December 31, 2023 2022 Obligations for acquisition of businesses $ 21,561 $ 13,136 Income taxes payable 17,001 11,524 Accrued VAT 5,515 8,402 Employee stock purchase plan obligations 4,118 3,969 Accrued professional fees 3,147 3,637 Accrued royalties 2,072 2,593 Non-income tax liabilities 1,778 2,465 Billings in excess of cost 1,689 1,874 Defined contribution plan liabilities 1,348 1,393 Other current liabilities 7,815 7,378 Total $ 66,044 $ 56,371
Summary of Other Long-term Liabilities	The following table provides details of other long-term liabilities (in thousands): June 30, December 31, 2023 2022 Deferred tax liabilities $ 18,065 $ 16,775 Pension and other post retirement liabilities 13,258 12,273 Other long-term liabilities 11,670 12,168 Total $ 42,993 $ 41,216
Schedule of Other (income) Expense, Net	Other (income) expense, net consists of the following (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Interest income $ ( 3,984 ) $ ( 455 ) $ ( 6,869 ) $ ( 300 ) Foreign exchange (gain) loss ( 211 ) 5,741 ( 939 ) 7,654 Expense on repurchase of convertible senior notes — 16,621 — 16,621 Other (income) expense, net $ ( 4,195 ) $ 21,907 $ ( 7,808 ) $ 23,975

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill Attributable to Software Reporting Segment	The changes in the carrying amount of goodwill, which is attributable to the Software reportable segment, were as follows (in thousands): Balance as of December 31, 2022 $ 449,048 Effects of foreign currency translation and other 4,045 Balance as of June 30, 2023 $ 453,093
Schedule of Other Intangible Assets	A summary of other intangible assets is shown below (in thousands): June 30, 2023 Weighted average Gross carrying Accumulated amortization Net carrying amount Definite-lived intangible assets: Developed technology 4 - 6 years $ 138,095 $ 78,843 $ 59,252 Customer relationships 7 - 10 years 57,611 33,625 23,986 Other intangibles 4 - 10 years 1,454 428 1,026 Total definite-lived intangible assets 197,160 112,896 84,264 Indefinite-lived intangible assets: Trade names 10,378 10,378 Total other intangible assets $ 207,538 $ 112,896 $ 94,642 December 31, 2022 Weighted average Gross carrying Accumulated Net carrying Definite-lived intangible assets: Developed technology 4 - 6 years $ 135,703 $ 67,665 $ 68,038 Customer relationships 7 - 10 years 57,143 29,148 27,995 Other intangibles 4 - 10 years 1,448 298 1,150 Total definite-lived intangible assets 194,294 97,111 97,183 Indefinite-lived intangible assets: Trade names 10,426 10,426 Total other intangible assets $ 204,720 $ 97,111 $ 107,609

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Convertible Notes	The net carrying value of the liability component of the 2027 and 2024 Notes was as follows (in thousands): June 30, 2023 December 31, 2022 2027 Notes 2024 Notes 2027 Notes 2024 Notes Principal $ 230,000 $ 81,754 $ 230,000 $ 81,754 Less: unamortized debt issuance costs 4,680 593 5,247 903 Net carrying amount $ 225,320 $ 81,161 $ 224,753 $ 80,851
Schedule of Interest Expense Related to Convertible Notes	The interest expense recognized related to the 2027 and 2024 Notes was as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Contractual interest expense $ 1,060 $ 194 $ 2,121 $ 338 Amortization of debt issuance costs and discount 435 406 899 818 Total $ 1,495 $ 600 $ 3,020 $ 1,156

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Summary of Stock Option Activity	The following table summarizes the stock option activity under the 2017 Plan for the period: Number of options Weighted average Weighted average Aggregate Outstanding as of December 31, 2022 7,491,491 $ 50.39 8.5 $ 11.5 Granted 1,017,785 $ 65.19 Exercised ( 522,126 ) $ 44.55 Forfeited ( 64,965 ) $ 57.03 Outstanding as of June 30, 2023 7,922,185 $ 52.63 8.3 $ 186.5 Exercisable as of June 30, 2023 2,819,969 $ 47.34 7.3 $ 81.0
Summary of Stock-Based Compensation	tock-based compensation expense was recorded as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of revenue – software $ 2,572 $ 2,030 $ 5,324 $ 3,933 Research and development 9,943 8,979 18,686 16,337 Sales and marketing 7,581 7,664 15,172 14,699 General and administrative 3,640 2,527 6,715 4,845 Total stock-based compensation expense $ 23,736 $ 21,200 $ 45,897 $ 39,814
2017 Plan [Member]
Summary of Restricted Stock Units Awarded	The following table summarizes the restricted stock units, or RSUs, awarded under the 2017 Plan for the period: Number of RSUs Outstanding as of December 31, 2022 1,230,774 Granted 374,034 Vested ( 422,442 ) Forfeited ( 16,459 ) Outstanding as of June 30, 2023 1,165,907

Net (loss) income per share (Ta

Net (loss) income per share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Computation of Numerators and Denominators Used in Basic and Diluted Net (loss) Income Per Share Amounts	The following table sets forth the computation of the numerators and denominators used in the basic and diluted net loss per share amounts (in thousands, except per share data): Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net loss $ ( 22,280 ) $ ( 33,774 ) $ ( 24,239 ) $ ( 22,246 ) Interest expense related to Convertible Notes, net of tax — — — — Numerator for diluted loss per share $ ( 22,280 ) $ ( 33,774 ) $ ( 24,239 ) $ ( 22,246 ) Denominator: Denominator for basic loss per share— 79,986 78,948 80,088 79,204 Effect of dilutive securities, stock options, RSUs and — — — — Denominator for dilutive loss per share 79,986 78,948 80,088 79,204 Net loss per share attributable to common $ ( 0.28 ) $ ( 0.43 ) $ ( 0.30 ) $ ( 0.28 )
Schedule of Anti-dilutive shares excluded from the computation of diluted net loss per share	Anti-dilutive shares excluded from the computation of diluted net loss per share were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Stock options and ESPP shares 3,430 2,366 3,679 2,345 Convertible shares 4,967 4,967 4,967 4,967 Total shares excluded from calculation 8,397 7,333 8,646 7,312

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense and Effective Tax Rate	The Company’s income tax expense and effective tax rate for the three and six months ended June 30, 2023 and 2022, were as follows (in thousands, except percentages): Three Months Ended Six Months Ended 2023 2022 2023 2022 Income tax expense $ 8,678 $ 3,899 $ 17,910 $ 10,429 Effective tax rate ( 64 %) ( 13 %) ( 283 %) ( 88 %)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss were as follows (in thousands): Foreign currency translation Retirement related Total Balance as of December 31, 2022 $ ( 30,484 ) $ 482 $ ( 30,002 ) Other comprehensive income before reclassification 5,892 ( 1 ) 5,891 Amounts reclassified from accumulated other comprehensive income — 29 29 Tax effects — ( 79 ) ( 79 ) Other comprehensive income 5,892 ( 51 ) 5,841 Balance as of June 30, 2023 $ ( 24,592 ) $ 431 $ ( 24,161 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables are in thousands: Three months ended June 30, 2023 Software CES All other Total Revenue $ 131,985 $ 8,034 $ 1,142 $ 141,161 Adjusted EBITDA $ 17,707 $ 633 $ ( 1,284 ) $ 17,056 Three months ended June 30, 2022 Software CES All other Total Revenue $ 124,269 $ 7,047 $ 1,340 $ 132,656 Adjusted EBITDA $ 16,531 $ 406 $ ( 497 ) $ 16,440 Six months ended June 30, 2023 Software CES All other Total Revenue $ 288,728 $ 15,810 $ 2,657 $ 307,195 Adjusted EBITDA $ 60,479 $ 1,042 $ ( 1,410 ) $ 60,111 Six months ended June 30, 2022 Software CES All other Total Revenue $ 274,227 $ 15,059 $ 3,151 $ 292,437 Adjusted EBITDA $ 62,715 $ 1,204 $ ( 889 ) $ 63,030
Reconciliation of U.S. GAAP (Loss) Income Before Income Taxes to Adjusted EBITDA	Three Months Ended Six Months Ended 2023 2022 2023 2022 Reconciliation of Adjusted EBITDA to U.S. GAAP Adjusted EBITDA $ 17,056 $ 16,440 $ 60,111 $ 63,030 Stock-based compensation expense ( 23,736 ) ( 21,200 ) ( 45,897 ) ( 39,814 ) Interest expense ( 1,528 ) ( 700 ) ( 3,054 ) ( 1,285 ) Depreciation and amortization ( 9,738 ) ( 8,133 ) ( 19,488 ) ( 15,819 ) Special adjustments, interest income and other (1) 4,344 ( 16,282 ) 1,999 ( 17,929 ) Loss before income taxes $ ( 13,602 ) $ ( 29,875 ) $ ( 6,329 ) $ ( 11,817 ) (1) The three months ended June 30, 2023, includes a $ 1.0 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, $ 4.0 million of interest income, and $ 1.3 million currency gains on acquisition-related intercompany loans. The three months ended June 30, 2022, includes $ 16.6 million expense on repurchase of convertible senior notes, $ 5.4 million currency losses on acquisition-related intercompany loans, and a $ 5.3 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition. The six months ended June 30, 2023, includes an $ 8.0 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, $ 6.9 million of interest income, and $ 3.1 million currency gains on acquisition-related intercompany loans. The six months ended June 30, 2022, includes $ 16.6 million expense on repurchase of convertible senior notes, $ 6.9 million currency losses on acquisition-related intercompany loans and a $ 5.3 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition.

Organization and Description _4

Organization and Description of Business (Policies) - Schedule of Changes Made to the Consolidated Statement Of Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Research and development	$ 55,277	$ 50,437	$ 108,528	$ 97,516
Sales and marketing	44,982	41,153	88,474	78,993
General and administrative	18,622	18,370	36,573	35,796
Amortization of intangible assets	7,625	6,208	15,439	12,111
Other operating expense (income), net	127	(5,767)	5,732	(6,548)
Total operating expenses	$ 126,633	110,401	$ 254,746	217,868
Previously Reported [Member]
Research and development		46,477		89,571
Sales and marketing		39,116		74,798
General and administrative		24,367		47,936
Amortization of intangible assets		6,208		12,111
Other operating expense (income), net		(5,767)		(6,548)
Total operating expenses		110,401		217,868
Recast [Member]
Research and development		50,437		97,516
Sales and marketing		41,153		78,993
General and administrative		18,370		35,796
Amortization of intangible assets		6,208		12,111
Other operating expense (income), net		(5,767)		(6,548)
Total operating expenses		$ 110,401		$ 217,868

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Total revenue	$ 141,161	$ 132,656	$ 307,195	$ 292,437
Term Licenses and Other [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	78,781	72,485	182,090	166,530
Perpetual Licenses [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	8,957	10,203	18,057	22,327
Maintenance [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	36,041	33,035	71,642	66,372
Professional Software Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	1,542	1,170	3,175	2,561
Software Related Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	6,664	7,376	13,764	16,437
Client Engineering Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	8,034	7,047	15,810	15,059
Other [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 1,142	$ 1,340	$ 2,657	$ 3,151

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue From Contracts With Customers [Line Items]
Percentage of net revenues through indirect channels			12.80%	12.70%
Deferred revenue, revenue recognized			$ 84.6
Contracted revenue not yet recognized	$ 198.6	$ 147.6	$ 198.6	$ 147.6
Contracted revenue recognize percentage	74%		74%
Sales and Marketing Expense [Member]
Revenue From Contracts With Customers [Line Items]
Sales commissions	$ 2.1	$ 2.1	$ 4.1	$ 4.2
Prepaid and Other Current Assets [Member]
Revenue From Contracts With Customers [Line Items]
Capitalized contract cost net, current	4.7		4.7		$ 3.9
Contract assets	3.3		3.3		2.3
Other Long-Term Assets [Member]
Revenue From Contracts With Customers [Line Items]
Capitalized contract cost net, noncurrent	0.2		0.2		0.4
Accounts Receivable [Member]
Revenue From Contracts With Customers [Line Items]
Contract assets	$ 7.4		$ 7.4		$ 6.3

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Additional Information (Detail)1	Jun. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-01
Revenue From Contracts With Customers [Line Items]
Revenue, remaining contractual obligation, expected to recognize, period	12 months

Supplementary Information - Rec

Supplementary Information - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Supplementary Information [Abstract]
Cash and cash equivalents	$ 418,338	$ 316,146
Restricted cash included in other long-term assets	449	812
Total cash, cash equivalents, and restricted cash	$ 418,787	$ 316,958	$ 416,306	$ 414,012

Supplementary Information - Sum

Supplementary Information - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 94,592	$ 94,552
Less: accumulated depreciation and amortization	55,485	57,035
Property and equipment, net	39,107	37,517
Land [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	7,994	7,994
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	17,938	16,995
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	46,884	45,340
Furniture Equipment and Other [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	12,356	13,335
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	7,354	8,766
Right-of-Use Assets Under Finance Leases [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 2,066	$ 2,122

Supplementary Information - Add

Supplementary Information - Additional Information (Detail) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023 USD ($)	Mar. 31, 2023 Business	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Noncash or Part Noncash Acquisitions [Line Items]
Number of prior business acquistions for which valuation is finalized | Business		3
Depreciation expense, including amortization of right-of-use assets under finance leases	$ 2,100		$ 1,900	$ 4,000	$ 3,700
Loss (gain) on mark-to-market adjustment of contingent consideration	$ (1,000)		$ 5,300	$ (7,987)	$ 5,304

Supplementary Information - S_2

Supplementary Information - Summary of Other Accrued Expenses and Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Obligations for acquisition of businesses	$ 21,561	$ 13,136
Income taxes payable	17,001	11,524
Accrued VAT	5,515	8,402
Employee stock purchase plan obligations	4,118	3,969
Accrued professional fees	3,147	3,637
Accrued royalties	2,072	2,593
Non-income tax liabilities	1,778	2,465
Billings in excess of cost	1,689	1,874
Defined contribution plan liabilities	1,348	1,393
Other current liabilities	7,815	7,378
Total	$ 66,044	$ 56,371

Supplementary Information - S_3

Supplementary Information - Summary of Other Long-term Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Deferred tax liabilities	$ 18,065	$ 16,775
Pension and other post retirement liabilities	13,258	12,273
Other long-term liabilities	11,670	12,168
Total	$ 42,993	$ 41,216

Supplementary Information - Sch

Supplementary Information - Schedule of Other (Income) Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Supplementary Information [Abstract]
Interest income	$ (3,984)	$ (455)	$ (6,869)	$ (300)
Foreign exchange (gain) loss	(211)	5,741	(939)	7,654
Expense on repurchase of convertible senior notes	0	16,621	0	16,621
Other expense, net	$ (4,195)	$ 21,907	$ (7,808)	$ 23,975

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill Attributable to Software Reportable Segment (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning Balance	$ 449,048
Effects of foreign currency translation and other	4,045
Ending Balance	$ 453,093

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Summary Of Other Intangible Assets [Line Items]
Gross carrying amount	$ 197,160	$ 194,294
Accumulated amortization	112,896	97,111
Net carrying amount	84,264	97,183
Gross carrying amount	207,538	204,720
Net carrying amount	94,642	107,609
Developed Technology [Member]
Summary Of Other Intangible Assets [Line Items]
Gross carrying amount	138,095	135,703
Accumulated amortization	78,843	67,665
Net carrying amount	$ 59,252	$ 68,038
Developed Technology [Member] | Minimum [Member]
Summary Of Other Intangible Assets [Line Items]
Weighted-average useful life of acquired finite-lived intangible assets	4 years	4 years
Developed Technology [Member] | Maximum [Member]
Summary Of Other Intangible Assets [Line Items]
Weighted-average useful life of acquired finite-lived intangible assets	6 years	6 years
Customer Relationships [Member]
Summary Of Other Intangible Assets [Line Items]
Gross carrying amount	$ 57,611	$ 57,143
Accumulated amortization	33,625	29,148
Net carrying amount	$ 23,986	$ 27,995
Customer Relationships [Member] | Minimum [Member]
Summary Of Other Intangible Assets [Line Items]
Weighted-average useful life of acquired finite-lived intangible assets	7 years	7 years
Customer Relationships [Member] | Maximum [Member]
Summary Of Other Intangible Assets [Line Items]
Weighted-average useful life of acquired finite-lived intangible assets	10 years	10 years
Other Intangibles [Member]
Summary Of Other Intangible Assets [Line Items]
Gross carrying amount	$ 1,454	$ 1,448
Accumulated amortization	428	298
Net carrying amount	$ 1,026	$ 1,150
Other Intangibles [Member] | Minimum [Member]
Summary Of Other Intangible Assets [Line Items]
Weighted-average useful life of acquired finite-lived intangible assets	4 years	4 years
Other Intangibles [Member] | Maximum [Member]
Summary Of Other Intangible Assets [Line Items]
Weighted-average useful life of acquired finite-lived intangible assets	10 years	10 years
Trade Names [Member]
Summary Of Other Intangible Assets [Line Items]
Net carrying amount	$ 10,378	$ 10,426
Gross carrying amount	$ 10,378	$ 10,426

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 7,625	$ 6,208	$ 15,439	$ 12,111

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2019	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Mar. 31, 2022
Debt Instrument [Line Items]
Accumulated deficit				$ (145,816)		$ (121,577)
Additional paid-in capital				790,184		721,307
Current portion of convertible senior notes, net				81,161		0
Convertible Senior Notes Due in 2024 [Member]
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount		$ 230,000		$ 81,754		81,754
Debt instrument interest rate		0.25%
Additional principal amount of notes to underwriters		$ 30,000
Net proceeds from issuance of costs		$ 221,900
Debt instrument frequency of periodic payment				semi-annually
Debt instrument maturity date		Jun. 01, 2024
Debt instrument, description				The 2024 Notes bear interest at a rate of 0.25% per year, payable semi-annually in arrears on June 1 and December 1 of each year.
Debt instrument, convertible, terms of conversion feature				The 2024 Notes have an initial conversion rate of 21.5049 shares of the Company's Class A common stock per $1,000 principal amount of 2024 Notes, which is equivalent to an initial conversion price of approximately $46.50 per share of its Class A common stock.
Debt instrument, convertible, threshold percentage of conversion price				130%
Debt instrument repurchased face amount						148,200
Repayments of notes payable				$ 192,400
Fair value expense recognized			$ 16,600		$ 16,600
Debt instrument, convertible, "if-converted value" in excess of the principal amount				51,600
Convertible Senior Notes Due in 2024 [Member] | Class A Common Stock [Member]
Debt Instrument [Line Items]
Debt instrument convertible initial conversion price per share of common stock		$ 46.5
Convertible senior notes due in 2027 [Member]
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount	$ 230,000		$ 230,000	$ 230,000	$ 230,000	$ 230,000
Debt instrument interest rate	1.75%		1.75%		1.75%		1.75%
Additional principal amount of notes to initial purchaser's	$ 30,000		$ 30,000		$ 30,000
Net proceeds from issuance of costs	$ 224,300
Interest payment commencement date				Dec. 15, 2022
Debt instrument, description				The 2027 Notes bear interest at a rate of 1.750% per year, payable semi-annually in arrears on June 15 and December 15 of each year, which commenced on December 15, 2022.
Debt instrument, convertible, terms of conversion feature				The 2027 Notes have an initial conversion rate of 13.9505 shares of the Company's Class A common stock per $1,000 principal amount of 2027 Notes, which is equivalent to an initial conversion price of approximately $71.68 per share of its Class A common stock.
Debt instrument, convertible, "if-converted value" in excess of the principal amount				$ 13,300
Convertible senior notes due in 2027 [Member] | Class A Common Stock [Member]
Debt Instrument [Line Items]
Debt instrument convertible initial conversion price per share of common stock				$ 71.68
Twenty Nineteen Credit Agreement
Debt Instrument [Line Items]
Maturity date				Dec. 31, 2025
Credit facility				$ 200,000
Secured Credit Agreement [Member]
Debt Instrument [Line Items]
Loan outstanding				0
Amount available for future borrowing				$ 200,000

Debt - Schedule of Convertible

Debt - Schedule of Convertible Notes (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2019
Debt Instrument [Line Items]
Net carrying amount	$ 225,320	$ 305,604
Convertible Senior Notes Due in 2024 [Member]
Debt Instrument [Line Items]
Principal	81,754	81,754		$ 230,000
Less: unamortized debt issuance costs	593	903
Net carrying amount	81,161	80,851
Convertible senior notes due in 2027 [Member]
Debt Instrument [Line Items]
Principal	230,000	230,000	$ 230,000
Less: unamortized debt issuance costs	4,680	5,247
Net carrying amount	$ 225,320	$ 224,753

Debt - Schedule of Interest Exp

Debt - Schedule of Interest Expense Recognized Related to Convertible Notes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Amortization of debt issuance costs and discount			$ 930	$ 829
Convertible Senior Notes Due in 2024 and 2027 [Member]
Debt Instrument [Line Items]
Contractual interest expense	$ 1,060	$ 194	2,121	338
Amortization of debt issuance costs and discount	435	406	899	818
Total	$ 1,495	$ 600	$ 3,020	$ 1,156

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Millions	Jun. 30, 2023 USD ($)
Convertible senior notes due in 2027 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of convertible notes	$ 279.4
Convertible Senior Notes Due in 2024 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of convertible notes	$ 133.6

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 shares	Jun. 30, 2022 USD ($)	Mar. 31, 2022 shares	Jun. 30, 2023 USD ($) Installment $ / shares shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Sep. 27, 2017 shares
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation cost related to nonvested awards not yet recognized | $	$ 88.4				$ 88.4
2021 Employee Stock Purchase Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of purchase price for each share of common stock purchased of lower of fair market value per share on first day of applicable offering period					85%
Stock-based compensation expense | $	$ 0.6		$ 0.6		$ 1.2	$ 1.3
2021 Employee Stock Purchase Plan [Member] | The Timing of Payroll Deductions [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amount withheld on behalf of employees for a future purchase | $					$ 4.1		$ 4
2021 Employee Stock Purchase Plan [Member] | Common Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance | shares	2,922,942				2,922,942
Issuance of common stock for employee stock purchase program (in shares) | shares					92,018
Class A Common Stock [Member] | Common Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of common stock for employee stock purchase program (in shares) | shares		92,000		77,000
2017 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised | $					$ 13.1
2017 Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value of RSUs | $ / shares	$ 65.23				$ 65.23
Number of vesting equal annual installments | Installment					4
Weighted average period of recognition					2 years 6 months
2017 Plan [Member] | Class A Common Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance | shares								16,999,318

Stock-based Compensation - Summ

Stock-based Compensation - Summary of Restricted Stock Units Awarded (Detail) - Two Thousand And Seventeen Equity Incentive Plan [Member] - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of RSUs, Outstanding Beginning Balance	1,230,774
Number of RSUs, Granted	374,034
Number of RSUs, Vested	(422,442)
Number of RSUs, Forfeited	(16,459)
Number of RSUs, Outstanding Ending Balance	1,165,907

Stock-based Compensation - Su_2

Stock-based Compensation - Summary of Stock Option Activity under 2017 Plan (Detail) - 2017 Plan [Member] $ / shares in Units, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of options, Outstanding, Beginning Balance | shares	7,491,491
Number of options, Granted | shares	1,017,785
Number of options, Exercised | shares	(522,126)
Number of options, Forfeited | shares	(64,965)
Number of options, Outstanding, Ending Balance | shares	7,922,185	7,491,491
Number of options, Exercisable | shares	2,819,969
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price per share, Outstanding, Beginning Balance | $ / shares	$ 50.39
Weighted average exercise price per share, Granted | $ / shares	65.19
Weighted average exercise price per share, Exercised | $ / shares	44.55
Weighted average exercise price per share, Forfeited | $ / shares	57.03
Weighted average exercise price per share, Outstanding, Ending Balance | $ / shares	52.63	$ 50.39
Weighted average exercise price per share, Exercisable | $ / shares	$ 47.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted average remaining contractual term (years), Outstanding	8 years 3 months 18 days	8 years 6 months
Weighted average remaining contractual term (years), Exercisable	7 years 3 months 18 days
Aggregate intrinsic value, Outstanding | $	$ 186.5	$ 11.5
Aggregate intrinsic value, Exercisable | $	$ 81

Stock-based Compensation - Su_3

Stock-based Compensation - Summary of Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 23,736	$ 21,200	$ 45,897	$ 39,814
Cost of Revenue - Software [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,572	2,030	5,324	3,933
Research and development [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	9,943	8,979	18,686	16,337
Sales and marketing [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	7,581	7,664	15,172	14,699
General and administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 3,640	$ 2,527	$ 6,715	$ 4,845

Net (Loss) Income Per Share - C

Net (Loss) Income Per Share - Computation of Numerators and Denominators Used in Basic and Diluted Net (Loss) Income Per Share Amounts (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net Income (Loss)	$ (22,280)	$ (1,959)	$ (33,774)	$ 11,528	$ (24,239)	$ (22,246)
Interest expense related to Convertible Notes, net of tax	0		0		0	0
Numerator for diluted (loss) income per share	$ (22,280)		$ (33,774)		$ (24,239)	$ (22,246)
Denominator:
Denominator for basic (loss) income per share - weighted average shares	79,986		78,948		80,088	79,204
Effect of dilutive securities, stock options, RSUs and ESPP shares	0		0		0	0
Denominator for dilutive (loss) income per share	79,986		78,948		80,088	79,204
Net loss per share attributable to common stockholders, basic	$ (0.28)		$ (0.43)		$ (0.3)	$ (0.28)
Net loss per share attributable to common stockholders, diluted	$ (0.28)		$ (0.43)		$ (0.3)	$ (0.28)

Net (loss) income per share - S

Net (loss) income per share - Schedule of Anti-dilutive Shares Excluded from Computation of Diluted Net Loss Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	8,397	7,333	8,646	7,312
Stock Options and ESPP [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,430	2,366	3,679	2,345
Convertible Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,967	4,967	4,967	4,967

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense and Effective Tax Rate (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 8,678	$ 3,899	$ 17,910	$ 10,429
Effective tax rate	(64.00%)	(13.00%)	(283.00%)	(88.00%)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Net discrete expense (benefit)	$ 11.6	$ 3.4

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 606,905	$ 618,425	$ 569,736	$ 613,197
Total other comprehensive (loss) income	(1,410)	(15,772)	5,841	(19,830)
Ending balance	620,215	558,172	620,215	558,172
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(30,484)
Other comprehensive income before reclassification			5,892
Amounts reclassified from accumulated other comprehensive income			0
Tax effects			0
Total other comprehensive (loss) income			5,892
Ending balance	(24,592)		(24,592)
Retirement Related Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(482)
Other comprehensive income before reclassification			(1)
Amounts reclassified from accumulated other comprehensive income			29
Tax effects			(79)
Total other comprehensive (loss) income			(51)
Ending balance	431		431
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(22,751)	(13,008)	(30,002)	(8,950)
Other comprehensive income before reclassification			5,891
Amounts reclassified from accumulated other comprehensive income			29
Tax effects			(79)
Total other comprehensive (loss) income			5,841
Ending balance	$ (24,161)	$ (28,780)	$ (24,161)	$ (28,780)

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2023 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 141,161	$ 132,656	$ 307,195	$ 292,437
Adjusted EBITDA	17,056	16,440	60,111	63,030
Software [Member]
Segment Reporting Information [Line Items]
Revenue	131,985	124,269	288,728	274,227
Adjusted EBITDA	17,707	16,531	60,479	62,715
CES [Member]
Segment Reporting Information [Line Items]
Revenue	8,034	7,047	15,810	15,059
Adjusted EBITDA	633	406	1,042	1,204
All Other [Member]
Segment Reporting Information [Line Items]
Revenue	1,142	1,340	2,657	3,151
Adjusted EBITDA	$ (1,284)	$ (497)	$ (1,410)	$ (889)

Segment Information - Reconcili

Segment Information - Reconciliation of U.S. GAAP Loss Before Income Taxes to Adjusted EBITDA (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting [Abstract]
Adjusted EBITDA		$ 17,056	$ 16,440	$ 60,111	$ 63,030
Stock-based compensation expense		(23,736)	(21,200)	(45,897)	(39,814)
Interest expense		(1,528)	(700)	(3,054)	(1,285)
Depreciation and amortization		(9,738)	(8,133)	(19,488)	(15,819)
Special adjustments, interest income and other	[1]	4,344	(16,282)	1,999	(17,929)
Loss before income taxes		$ (13,602)	$ (29,875)	$ (6,329)	$ (11,817)
[1] The three months ended June 30, 2023, includes a $ 1.0 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, $ 4.0 million of interest income, and $ 1.3 million currency gains on acquisition-related intercompany loans. The three months ended June 30, 2022, includes $ 16.6 million expense on repurchase of convertible senior notes, $ 5.4 million currency losses on acquisition-related intercompany loans, and a $ 5.3 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition. The six months ended June 30, 2023, includes an $ 8.0 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, $ 6.9 million of interest income, and $ 3.1 million currency gains on acquisition-related intercompany loans. The six months ended June 30, 2022, includes $ 16.6 million expense on repurchase of convertible senior notes, $ 6.9 million currency losses on acquisition-related intercompany loans and a $ 5.3 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition.

Segment Information - Reconci_2

Segment Information - Reconciliation of U.S. GAAP Income (Loss) Before Income Taxes to Adjusted EBITDA (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Loss (gain) on mark-to-market adjustment of contingent consideration	$ (1,000)	$ 5,300	$ (7,987)	$ 5,304
Interest income	4,000		6,900
Currency gains on acquisition-related intercompany loans	1,300		3,100
Currency losses on acquisition-related intercompany loans		5,400		6,900
World Programming [Member]
Segment Reporting Information [Line Items]
Loss (gain) on mark-to-market adjustment of contingent consideration	$ 1,000		$ 8,000
Gain on mark-to-market adjustment of contingent consideration		5,300		5,300
Convertible Senior Notes Due in 2024 [Member]
Segment Reporting Information [Line Items]
Fair value expense recognized		$ 16,600		$ 16,600