Xperi (XPER) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 03, 2023
Cover [Abstract]
Entity Registrant Name	XPERI INC.
Trading Symbol	XPER
Entity Central Index Key	0001788999
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		43,465,834
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-41486
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-4470363
Entity Address, Address Line One	2190 Gold Street
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95002
City Area Code	408
Local Phone Number	519-9100
Document Quarterly Report	true
Document Transition Report	false
Security12b Title	Common Stock (par value $0.001 per share)
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenue:	$ 130,390	$ 121,637	$ 384,101	$ 366,728
Operating expenses:
Cost of revenue, excluding depreciation and amortization of intangible assets	26,413	31,403	85,061	85,689
Research and development	56,436	57,070	166,993	158,641
Selling, general and administrative	59,620	56,702	173,893	156,894
Depreciation expense	4,248	4,990	12,543	15,697
Amortization expense	14,724	16,613	44,349	46,166
Goodwill impairment		354,000		354,000
Impairment of long-lived assets			1,096
Total operating expenses	161,441	520,778	483,935	817,087
Operating loss	(31,051)	(399,141)	(99,834)	(450,359)
Other expense, net	(1,336)	(527)	(60)	(301)
Loss before taxes	(32,387)	(399,668)	(99,894)	(450,660)
Provision for income taxes	9,685	2,024	14,481	12,500
Net loss	(42,072)	(401,692)	(114,375)	(463,160)
Less: net loss attributable to noncontrolling interest	(646)	(890)	(2,554)	(2,706)
Net loss attributable to the Company	$ (41,426)	$ (400,802)	$ (111,821)	$ (460,454)
Loss per share attributable to the Company:
Basic loss per share	$ (0.96)	$ (9.54)	$ (2.61)	$ (10.96)
Diluted loss per share	$ (0.96)	$ (9.54)	$ (2.61)	$ (10.96)
Weighted-average number of shares used in net loss per share calculations - basic	43,316	42,024	42,774	42,024
Weighted-average number of shares used in net loss per share calculations - diluted	43,316	42,024	42,774	42,024

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (42,072)	$ (401,692)	$ (114,375)	$ (463,160)
Other comprehensive loss:
Change in foreign currency translation adjustment	(46)	(914)	46	(4,363)
Unrealized loss on cash flow hedges	(2,273)		(1,420)
Comprehensive loss	(44,391)	(402,606)	(115,749)	(467,523)
Less: comprehensive loss attributable to noncontrolling interest	(646)	(890)	(2,554)	(2,706)
Comprehensive loss attributable to the Company	$ (43,745)	$ (401,716)	$ (113,195)	$ (464,817)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023		Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 131,530		$ 160,127
Accounts receivable, net	64,171		64,712
Unbilled contracts receivable, net	61,148		65,251
Prepaid expenses and other current assets	38,946		42,174
Total current assets	295,795		332,264
Unbilled contracts receivable, noncurrent	21,926		4,289
Property and equipment, net	44,600		47,827
Operating lease right-of-use assets	43,969		52,901
Intangible assets, net	220,356		264,376
Deferred tax assets	2,465		2,096
Other noncurrent assets	35,122		33,158
Total assets	664,233		736,911
Current liabilities:
Accounts payable	15,575		14,864
Accrued liabilities	109,924		110,014
Deferred revenue	25,979		25,363
Total current liabilities	151,478		150,241
Long-term debt	50,000		50,000
Deferred revenue, noncurrent	19,050		19,129
Operating lease liabilities, noncurrent	34,497	[1]	42,666
Deferred tax liabilities	12,246		12,899
Other noncurrent liabilities	10,507		12,990
Total liabilities	277,778		287,925
Commitments and contingencies (Note 14)
Equity:
Preferred stock: $0.001 par value; 6,000 shares authorized as of September 30, 2023 and December 31, 2022; no shares issued and outstanding as of September 30, 2023 and December 31, 2022
Common stock: $0.001 par value; 140,000 shares authorized as of September 30, 2023 and December 31, 2022; 43,387 and 42,066 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	43		42
Additional paid-in capital	1,189,289		1,136,330
Accumulated other comprehensive loss	(5,493)		(4,119)
Accumulated deficit	(780,656)		(668,835)
Total Company stockholders' equity	403,183		463,418
Noncontrolling interest	(16,728)		(14,432)
Total equity	386,455		448,986
Total liabilities and equity	$ 664,233		$ 736,911
[1] Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	6,000,000	6,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	140,000,000	140,000,000
Common stock, shares issued (in shares)	43,387,000	42,066,000
Common stock, shares outstanding (in shares)	43,387,000	42,066,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (114,375)	$ (463,160)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment	12,543	15,697
Amortization of intangible assets	44,349	46,166
Stock-based compensation expense	51,681	29,761
Goodwill impairment		354,000
Impairment of long-lived assets	1,096
Deferred income taxes	(1,022)	(451)
Other	(162)	(146)
Changes in operating assets and liabilities:
Accounts receivable	188	18,990
Unbilled contracts receivable	(13,556)	623
Prepaid expenses and other assets	1,264	(14,884)
Accounts payable	87	10,504
Accrued and other liabilities	(3,229)	(824)
Deferred revenue	537	(7,609)
Net cash used in operating activities	(20,599)	(11,333)
Cash flows from investing activities:
Purchases of property and equipment	(9,432)	(10,514)
Purchases of intangible assets	(149)	(110)
Net cash paid for acquisition		(50,473)
Net cash used in investing activities	(9,581)	(61,097)
Cash flows from financing activities:
Proceeds from issuance of common stock under employee stock purchase plan	5,850
Withholding taxes related to net share settlement of equity awards	(4,313)
Net proceeds from Former Parent capital contributions		83,235
Net transfers from Former Parent		52,802
Net cash provided by financing activities	1,537	136,037
Effect of exchange rate changes on cash and cash equivalents	46	(4,184)
Net (decrease) increase in cash and cash equivalents	(28,597)	59,423
Cash and cash equivalents at beginning of period	160,127	120,695
Cash and cash equivalents at end of period	131,530	180,118
Supplemental disclosure of cash flow information:
Interest paid	2,244
Income taxes paid, net of refunds	$ 15,504	9,460
Debt issued in connection with acquisition		$ 50,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Net Investment by Former Parent	Net Parent Company Investment	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Noncontrolling Interest
Beginning balance at Dec. 31, 2021	$ 1,015,957				$ 1,025,838	$ (676)		$ (9,205)
Change in ownership interest of the Company	(1,421)							(1,421)
Issuance of common stock and reclassification of net transfers from Former Parent (in shares)		42,024,000
Issuance of common stock and reclassification of net transfers from Former Parent		$ 42	$ 1,038,062		(1,038,104)
Net loss	(463,160)				(88,649)		$ (371,805)	(2,706)
Foreign currency translation adjustment	(4,363)					(4,363)
Net capital contribution from former parent	83,235		83,235
Net transfers from Former Parent	100,915				$ 100,915
Ending balance at Sep. 30, 2022	731,163	$ 42	1,121,297			(5,039)	(371,805)	(13,332)
Ending balance (in shares) at Sep. 30, 2022		42,024,000
Beginning balance at Jun. 30, 2022	1,014,347			$ 1,029,487		(4,125)		(11,015)
Change in ownership interest of the Company	(1,427)							(1,427)
Issuance of common stock and reclassification of net transfers from Former Parent (in shares)		42,024,000
Issuance of common stock and reclassification of net transfers from Former Parent		$ 42	1,038,062	(1,038,104)
Net loss	(401,692)			(28,997)			(371,805)	(890)
Foreign currency translation adjustment	(914)					(914)
Net capital contribution from former parent	83,235		83,235
Net transfers from Former Parent	37,614			$ 37,614
Ending balance at Sep. 30, 2022	731,163	$ 42	1,121,297			(5,039)	(371,805)	(13,332)
Ending balance (in shares) at Sep. 30, 2022		42,024,000
Beginning balance at Dec. 31, 2022	448,986	$ 42	1,136,330			(4,119)	(668,835)	(14,432)
Beginning balance (in shares) at Dec. 31, 2022		42,066,000
Change in ownership interest of the Company			(258)					258
Vesting of restricted stock units, net of tax withholding	(4,313)		(4,313)
Vesting of restricted stock units, net of tax withholding (in shares)		677,000
Issuance of common stock under employee stock purchase plan	5,850	$ 1	5,849
Issuance of common stock under employee stock purchase plan (in shares)		644,000
Stock-based compensation	51,681		51,681
Unrealized (loss) gain on cash flow hedges	(1,420)					(1,420)
Net loss	(114,375)						(111,821)	(2,554)
Foreign currency translation adjustment	46					46
Ending balance at Sep. 30, 2023	386,455	$ 43	1,189,289			(5,493)	(780,656)	(16,728)
Ending balance (in shares) at Sep. 30, 2023		43,387,000
Beginning balance at Jun. 30, 2023	414,410	$ 43	1,173,100			(3,174)	(739,230)	(16,329)
Beginning balance (in shares) at Jun. 30, 2023		43,213,000
Change in ownership interest of the Company			(247)					247
Vesting of restricted stock units, net of tax withholding	(1,186)		(1,186)
Vesting of restricted stock units, net of tax withholding (in shares)		174,000
Stock-based compensation	17,622		17,622
Unrealized (loss) gain on cash flow hedges	(2,273)					(2,273)
Net loss	(42,072)						(41,426)	(646)
Foreign currency translation adjustment	(46)					(46)
Ending balance at Sep. 30, 2023	$ 386,455	$ 43	$ 1,189,289			$ (5,493)	$ (780,656)	$ (16,728)
Ending balance (in shares) at Sep. 30, 2023		43,387,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (41,426)	$ (400,802)	$ (111,821)	$ (460,454)

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 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

The Company and Basis of Presen

The Company and Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Basis of Presentation	NOTE 1 – THE COMPANY AND BASIS OF PRESENTATION Xperi Spin-Off In June 2020, Xperi Holding Corporation (“Xperi Holding,” “Adeia,” or the “Former Parent”) announced plans to separate into two independent publicly-traded companies (the “Separation”), one comprising its intellectual property (“IP”) licensing business and one comprising its product business (“Xperi Product”). On October 1, 2022, the Former Parent completed the Separation (the “Spin-Off”) through a pro-rata distribution (the “Distribution”) of all the outstanding common stock of its product-related business (formerly known as Xperi Product, and hereinafter “Xperi Inc.”, “Xperi” or the “Company”) to the stockholders of record of the Former Parent as of the close of business on September 21, 2022 , the record date (the “Record Date”) for the Distribution. Each Xperi Holding stockholder of record received four shares of Xperi common stock, $ 0.001 par value, for every ten shares of Xperi Holding common stock, $ 0.001 par value, held by such stockholder as of the close of business on the Record Date. As a result of the Distribution, Xperi became an independent, publicly-traded company and its common stock is listed under the symbol “XPER” on the New York Stock Exchange. In connection with the Separation and the Distribution, Xperi Holding was renamed and continues as Adeia Inc. and also changed its stock symbol to “ADEA” on the Nasdaq Global Select Market. Description of Business Xperi is a leading consumer and entertainment technology company. The Company believes it creates extraordinary experiences at home and on the go for millions of consumers around the world, elevating content and how audiences connect with it in a way that is more intelligent, immersive and personal. Powering smart devices, connected cars, entertainment experiences and more, the Company has created a unified ecosystem that reaches highly engaged consumers, uncovering significant new business opportunities, now and in the future. The Company’s technologies are integrated into consumer devices and media platforms worldwide, driving increased value for partners, customers and consumers. The Company currently operates in one reportable business segment and segregates its revenue into four categories based on the markets served: Pay-TV, Consumer Electronics, Connected Car and Media Platform. Unaudited Interim Financial Statements The accompanying unaudited interim condensed consolidated financial statements have been prepared by the Company in accordance with generally accepted accounting principles (“GAAP”) in the United States and the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. The amounts as of December 31, 2022 have been derived from the Company’s annual audited financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2022, filed on March 6, 2023 (the “Form 10-K”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which consist of normal recurring adjustments, necessary to state fairly the financial position of the Company and its results of operations and cash flows as of and for the periods presented. These financial statements should be read in conjunction with the annual audited financial statements and notes thereto as of and for the year ended December 31, 2022, included in the Form 10-K. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023 or any future period and the Company makes no representations related thereto. In the Condensed Consolidated Balance Sheet as of December 31, 2022 included in this Form 10-Q filing, the Company has revised the long-term deferred tax liabilities and other long-term liabilities line items to correct an immaterial error in the classification of unrecognized tax benefits. The adjustment results in a $ 7.7 million decrease of long-term deferred tax liabilities and an increase in other long-term liabilities. The revision has no impact on total long-term liabilities as of December 31, 2022. In relation to this adjustment, the Company will revise its Consolidated Statement of Cash Flows for the year ended December 31, 2022 to decrease deferred income tax and increase accrued and other liabilities within the changes in operating assets and liabilities section by $ 7.7 million, with no changes to net cash flows from operating activities for 2022. The Company determined that the error was not material to any of its prior annual and interim period financial statements, and correcting it had no impact on the condensed consolidated financial statements for the three and nine months ended September 30, 2023. Basis of Presentation During the three months ended September 30, 2022, all of the assets and liabilities of the Xperi Product business had been transferred to a legal entity (the “Transfer”) under the common control of Xperi. Subsequent to this Transfer and through December 31, 2022, the Company’s financial statements and accompanying notes are prepared on a consolidated basis and include Xperi and its subsidiaries in which Xperi has a controlling financial interest. All intercompany balances and transactions are eliminated in consolidation. Prior to the Transfer, the financial statements and accompanying notes of the Xperi Product business were prepared on a combined basis and were derived from the consolidated financial statements and accounting records of the Former Parent as the Company was not historically held by a single legal entity. All intercompany balances and transactions within the combined businesses of the Company have been eliminated. The Condensed Consolidated Balance Sheets of Xperi and its subsidiaries for the pre-Transfer periods include Former Parent’s assets and liabilities that are specifically identifiable or otherwise attributable to the Company. In the fourth quarter of 2018, the Company funded a new subsidiary, Perceive Corporation (“Perceiv e”), which was created to focus on delivering edge inference solutions. As of September 30, 2023, the Company owned approximately 77 % of the outstanding equity interest of Perceive. The operating results of Perceive have been included in the Company’s condensed consolidated financial statements since the fourth quarter of 2018. Prior to the Separation, the Company was dependent on the Former Parent for all of its working capital and financing requirements as the Former Parent used a centralized approach to cash management and financing its operations. Financial transactions relating to the Company were accounted for as equity contributions from the Former Parent on the Condensed Consolidated Balance Sheets. Accordingly, none of the Former Parent’s cash and cash equivalents were allocated to the Company for any of the periods presented, unless those balances were directly attributable to the Company. The Company reflects transfers of cash to and from the Former Parent’s cash management system within equity as a component of Net investment by Former Parent on a combined basis and as a component of net capital contribution from Former Parent on a consolidated basis. Other than the debt incurred in connection with the acquisition of Vewd Software Holdings Limited (“Vewd”) discussed in Note 9, the Former Parent’s long-term debt has not been attributed to the Company for any of the periods presented because the Former Parent’s borrowings are not the legal obligation of the Company. The cash and cash equivalents, including the Company’s capitalization from Former Parent on September 30, 2022, is expected to be sufficient to support its operations, capital expenditures and income tax payments, in addition to any investments and other capital allocation needs for at least the next 12 months from the issuance date of these condensed consolidated financial statements. Prior to the Separation, the Condensed Consolidated Statements of Operations and Comprehensive Loss of the Company reflect allocations of general corporate expenses from the Former Parent, including, but not limited to, executive management, sales and marketing, finance, legal, information technology, employee benefits administration, stock-based compensation, treasury, risk management, procurement and other shared services. These allocations were made on a direct usage basis when identifiable, with the remainder allocated on a pro rata basis of billing, revenue, headcount or other measures as deemed appropriate. Management of the Company and Former Parent consider these allocations to be a reasonable reflection of the utilization of services by, or the benefits provided to, the Company. The allocations may not, however, reflect the expenses the Company would have incurred as a standalone company for the periods presented. Actual costs that may have been incurred if the Company had been a standalone company would depend on a number of factors, such as the chosen organizational structure, whether functions were outsourced or performed by employees and decisions with respect to areas such as facilities, information technology and operating infrastructure.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES There have been no significant changes in the Company’s significant accounting policies during the nine months ended September 30, 2023, as compared to the significant accounting policies described in the Form 10-K. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The accounting estimates and assumptions that require management’s most significant, challenging, and subjective judgment include the estimation of licensees’ quarterly royalties prior to receiving the royalty reports, the determination of stand-alone selling price and the transaction price in an arrangement with multiple performance obligations, the assessment of useful lives and recoverability of other intangible assets and long-lived assets, recognition and measurement of current and deferred income tax assets and liabilities, the assessment of unrecognized tax benefits, and purchase accounting resulting from business combinations. Actual results experienced by the Company may differ from management’s estimates. Concentration of Credit and Other Risks Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with large financial institutions, and at times, the deposits may exceed the federally insured limits. As part of its risk management processes, the Company performs periodic evaluations of the relative credit standing of these financial institutions. The Company has not sustained material credit losses from instruments held at these financial institutions. In addition, the Company has cash and cash equivalents held in international bank accounts that are denominated in various foreign currencies, and has established risk management strategies designed to minimize the impact of certain currency exchange rate fluctuations. The Company believes that any concentration of credit risk in its accounts receivable is substantially mitigated by its evaluation process, relatively short collection terms and the high level of credit worthiness of its customers. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary but generally requires no collateral. There were no individually significant customers accounting for 10% or more of total revenue for the three and nine months ended September 30, 2023 and 2022. As of September 30, 2023 and December 31, 2022, no single customer represented 10 % or more of the Company's net balance of accounts receivable. Recent Accounting Pronouncements There have been no recently issued accounting pronouncements that are expected to have a material impact on the Company’s condensed consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 3 – REVENUE Revenue Recognition General Revenue is recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services, which may include various combinations of goods and services which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of sales taxes collected from customers which are subsequently remitted to governmental authorities. Some of the Company’s contracts with customers contain multiple performance obligations. For these contracts, the individual performance obligations are separately accounted for if they are distinct. In an arrangement with multiple performance obligations, the transaction price is allocated among the separate performance obligations on a relative stand-alone selling price basis. The determination of stand-alone selling price considers market conditions, the size and scope of the contract, customer and geographic information, and other factors. When observable prices are not available, stand-alone selling price for separate performance obligations is generally based on the cost-plus-margin approach, considering overall pricing objectives. When variable consideration is in the form of a sales-based or usage-based royalty in exchange for a license of technology or when a license of technology is the predominant item to which the variable consideration relates, revenue is recognized at the later of when the subsequent sale or usage occurs or the performance obligation to which some or all of the sales-based or usage-based royalty has been allocated has been satisfied or partially satisfied. Description of Revenue-Generating Activities The Company derives the majority of its revenue from licensing its technologies and solutions to customers within the Pay-TV, Consumer Electronics, Connected Car and Media Platform product categories. Refer to Part I, Item 1 of the Form 10-K for detailed information regarding these product categories. Pay-TV Customers within the Pay-TV category are primarily multi-channel video service providers, consumer electronics (“CE”) manufacturers, and end consumers. Revenue in this category is primarily derived from licensing the Company’s Pay-TV solutions, including Electronic Program Guides, TiVo internet protocol television (“IPTV”) Solutions, Personalized Content Discovery and enriched Metadata. For these solutions, the Company provides on-going media or data delivery, either via on-premise licensed software, hosting or access to its platform. The Company generally receives fees on a per-subscriber per-month basis or as a monthly fee, and revenue is recognized during the month in which the solutions are provided to the customer. For most of the on-premise licensed software arrangements, substantially all functionality is obtained through the Company’s frequent updating of the technology, data and content. In these instances, the Company typically has a single performance obligation related to these ongoing activities in the underlying arrangement, and revenue is generally recognized over the period the solution is provided. Hosted solutions and access to our platform is considered a single performance obligation recognized over the period the solution is provided. Consumer Electronics The Company licenses its audio and imaging technologies to CE manufacturers or their supply chain partners. The Company generally recognizes royalty revenue from licenses based on units shipped or manufactured. Revenue is recognized in the period in which the customer’s sales or production are estimated to have occurred. This may result in an adjustment to revenue when actual sales or production are subsequently reported by the customer, generally in the month or quarter following sales or production. Estimating customers’ quarterly royalties prior to receiving the royalty reports requires the Company to make significant assumptions and judgments related to forecasted trends and growth rates used to estimate quantities shipped or manufactured by customers, which could have a material impact on the amount of revenue it reports on a quarterly basis. Certain customers enter into fixed fee or minimum guarantee agreements, whereby customers pay a fixed fee for the right to incorporate the Company’s technology in the customer’s products over the license term. In arrangements with a minimum guarantee, the fixed fee component corresponds to a minimum number of units or dollars that the customer must produce or pay, with additional per-unit fees for any units or dollars exceeding the minimum. The Company generally recognizes the full fixed fee as revenue at the beginning of the license term when the customer has the right to use the technology and begins to benefit from the license, net of the effect of any significant financing components calculated using customer-specific, risk-adjusted lending rates, with the related interest income being recognized over time on an effective rate basis. For minimum guarantee agreements where the customer exceeds the minimum, the Company recognizes revenue relating to any additional per-unit fees in the periods it estimates the customer will exceed the minimum and adjusts the revenue based on actual usage once that is reported by the customer. Connected Car The Company licenses its digital radio solutions, automotive infotainment and related offerings, and driver and occupant monitoring systems to automotive manufacturers or their supply chain partners. The Company generally recognizes royalty revenue from these licenses based on units shipped or manufactured, similar to the revenue recognition described above in “ Consumer Electronics ”. Certain customers may enter into fixed fee or minimum guarantee agreements, also similar to the revenue recognition described above in “ Consumer Electronics” . Automotive infotainment and related revenue is generally recognized over time as the customer obtains access to the solutions and underlying data. Media Platform The Company generates revenue from advertising, TV viewership data, and licensing of the Vewd app framework and core middleware solutions. Advertising revenue is generally recognized when the related advertisement is provided. TV viewership data revenue is generally recognized over time as the customer obtains the underlying data. License revenue for the Vewd solutions is generally recognized either on a per-unit royalty or a minimum guarantee or fixed fee basis, similar to as described in the “ Consumer Electronics ” section above. Hardware Products, Services and Settlements/Recoveries The Company sells hardware products, primarily to end consumers, within the Pay-TV, Media Platform and Consumer Electronics product categories. Hardware product revenue is generally recognized when the promised product is delivered. The Company also generates non-recurring engineering (“NRE”) revenue within all of its product categories. The Company recognizes NRE revenue as progress toward completion is made, generally using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Revenue from each of advertising, NRE services, and hardware products was less than 10 % of total revenue for all periods presented. The Company actively monitors and enforces its technology licenses, including seeking appropriate compensation from customers that have under-reported royalties owed under a license agreement and from third parties that utilize the Company’s technologies without a license. As a result of these activities, the Company may, from time to time, recognize revenue from periodic compliance audits of licensees for underreporting royalties incurred in prior periods, or from legal judgments in a license dispute. These settlements and recoveries may cause revenue to be higher than expected during a particular reporting period and such settlements and recoveries may not occur in subsequent periods. The Company recognizes revenue from settlements and recoveries when a binding agreement has been executed or a revised royalty report has been received and the Company concludes collection is probable. Practical Expedients and Exemptions The Company applies a practical expedient to not perform an evaluation of whether a contract includes a significant financing component when the timing of revenue recognition differs from the timing of cash collection by one year or less. The Company applies a practical expedient to expense costs to obtain a contract with a customer as incurred as a component of selling, general and administrative expenses when the amortization period would have been one year or less. The Company applies a practical expedient when disclosing revenue expected to be recognized from unsatisfied performance obligations to exclude contracts with customers with an original duration of one year or less; amounts attributable to variable consideration arising from (i) a sales-based or usage-based royalty of a technology license or (ii) when variable consideration is allocated entirely to a wholly unsatisfied performance obligation; or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation. Disaggregation of Revenue The Company’s revenue that is recognized over time consists primarily of per unit royalties, per-subscriber per-month or monthly license fees, single performance obligations satisfied over time, and NRE services. Revenue that is recognized at a point in time consists primarily of fixed fee or minimum guarantee contracts, hardware products, advertising and settlements/recoveries. The following table summarizes revenue by timing of recognition (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Recognized over time $ 104,827 $ 103,276 $ 303,911 $ 296,341 Recognized at a point in time 25,563 18,361 80,190 70,387 Total revenue $ 130,390 $ 121,637 $ 384,101 $ 366,728 The following table summarizes revenue by product category (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Pay-TV $ 60,319 $ 58,378 $ 178,644 $ 182,903 Consumer Electronics 32,298 33,561 100,749 101,145 Connected Car 23,393 20,224 67,415 60,798 Media Platform 14,380 9,474 37,293 21,882 Total revenue $ 130,390 $ 121,637 $ 384,101 $ 366,728 The following table summarizes revenue by geographic location (in thousands): Three Months Ended September 30, 2023 2022 U.S. $ 69,382 53 % $ 65,173 54 % Japan 22,622 17 13,801 11 China 6,813 5 12,713 11 Europe and Middle East 8,827 7 10,722 9 Latin America 8,646 7 5,310 4 Other 14,100 11 13,918 11 Total revenue $ 130,390 100 % $ 121,637 100 % Nine Months Ended September 30, 2023 2022 U.S. $ 203,674 53 % $ 203,253 55 % Japan 58,683 15 45,844 13 China 28,850 8 27,168 7 Europe and Middle East 27,409 7 29,458 8 Latin America 22,013 6 20,588 6 Other 43,472 11 40,417 11 Total revenue $ 384,101 100 % $ 366,728 100 % A significant portion of the Company’s revenue is derived from licensees headquartered outside of the U.S., principally in Asia, Europe and the Middle East, and Latin America, and it is expected that this revenue will continue to account for a significant portion of total revenue in future periods. Contract Balances Contract Assets Contract assets primarily consist of unbilled contracts receivable that are expected to be received from customers in future periods, where the revenue recognized to date exceeds the amount billed. The amount of unbilled contracts receivable may not exceed their net realizable value and is classified as noncurrent if the payments are expected to be received more than one year from the reporting date. Contract assets also include the incremental costs of obtaining a contract with a customer principally consisting of sales commissions and deferred engineering costs for non-recurring engineering. Contract assets were recorded in the Condensed Consolidated Balance Sheets as follows (in thousands): September 30, 2023 December 31, 2022 Unbilled contracts receivable, net $ 61,148 $ 65,251 Other current assets 504 848 Unbilled contracts receivable, noncurrent 21,926 4,289 Other noncurrent assets 719 978 Total contract assets $ 84,297 $ 71,366 Contract Liabilities Contract liabilities are mainly comprised of deferred revenue, which arises when cash payments are received, including amounts which are refundable, in advance of performance obligations being completed. Deferred revenue generally consists of prepaid licenses or other fees, amounts received related to NRE services to be performed in the future, and other offerings for which the Company is paid in advance while the promised good or service is transferred to the customer at a future date or over time. As of September 30, 2023 and December 31, 2022, the current and noncurrent balances of deferred revenue were $ 45.0 million an d $ 44.5 million, respectively. The following table presents additional revenue disclosures (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenue recognized in the period from: Amounts included in deferred revenue at the beginning of $ 4,003 $ 5,112 $ 16,269 $ 19,713 Performance obligations satisfied in previous periods (true (1)(2) $ 1,499 $ 4,435 $ 214 $ 25,301 (1) True ups represent the differences between the Company’s quarterly estimates of per-unit royalty revenue and actual production/sales-based royalties reported by licensees in the following period. Recoveries represent corrections or revisions to previously reported per-unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits. Settlements represent resolutions of litigation or disputes during the period for past royalties owed. (2) For the nine months ended September 30, 2022, the Company recorded revenue from both the settlement of a contract dispute with a large mobile imaging customer, and the execution of a long-term license agreement with the same large mobile imaging customer. The long-term license agreement was effective as of the expiration of the prior agreement, and the Company expected to record revenue from the license agreement in future periods. Remaining Performance Obligations Remaining revenue under contracts with performance obligations represents the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied or partially unsatisfied under certain of the Company’s fixed fee arrangements and engineering services contracts. As of September 30, 2023, the Company’s estimated remaining revenue under contracts with performance obligations was as follows (in thousands): Year Ending December 31: Amounts 2023 (remaining 3 months) $ 22,110 2024 40,542 2025 19,799 2026 6,017 2027 2,111 Thereafter 1,953 Total $ 92,532 Allowance for Credit Losses The allowance for credit losses, which includes the allowance for accounts receivable and unbilled contracts receivable, represents the Company’s best estimate of lifetime expected credit losses inherent in those financial assets. The Company’s lifetime expected credit losses are determined based on historical experience, relevant information about past events, current conditions, and reasonable and supportable forecasts that affect collectability. The Company monitors its credit exposure through ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. In addition, the Company performs routine credit management activities such as timely account reconciliations, dispute resolution, and payment confirmations. The Company may employ collection agencies and legal counsel to pursue recovery of defaulted receivables. The Company’s noncurrent unbilled contracts receivable is derived from multi-year fixed-fee or minimum-guarantee arrangements, primarily with large well-capitalized companies. These noncurrent unbilled contracts receivable are generally considered to be of high credit quality based on our past collection history and the nature of the customers. The following table presents the activity in the allowance for credit losses for the three and nine months ended September 30, 2023 and 2022 (in thousands): Three Months Ended September 30, 2023 2022 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 2,212 $ 325 $ 1,805 $ 306 Provision for credit losses 166 66 99 7 Recoveries/charge-off ( 121 ) ( 176 ) ( 133 ) — Ending balance $ 2,257 $ 215 $ 1,771 $ 313 Nine Months Ended September 30, 2023 2022 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 1,950 $ 369 $ 2,245 $ 480 Provision for credit losses 488 22 69 ( 167 ) Recoveries/charge-off ( 181 ) ( 176 ) ( 543 ) — Ending balance $ 2,257 $ 215 $ 1,771 $ 313

Composition of Certain Financia

Composition of Certain Financial Statement Captions	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Composition of Certain Financial Statement Captions	NOTE 4 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS Prepaid expenses and other current assets consisted of the following (in thousands): September 30, 2023 December 31, 2022 Prepaid income tax $ 1,758 $ 1,777 Prepaid expenses 19,572 20,001 Finished goods inventory 8,460 6,662 Other 9,156 13,734 Total $ 38,946 $ 42,174 Property and equipment, net, consisted of the following (in thousands): September 30, 2023 December 31, 2022 Equipment, furniture and other $ 87,120 $ 78,976 Building and improvements 18,331 18,331 Land 5,300 5,300 Leasehold improvements 16,497 17,038 Total property and equipment 127,248 119,645 Less: accumulated depreciation and amortization ( 82,648 ) ( 71,818 ) Property and equipment, net $ 44,600 $ 47,827 Accrued liabilities consisted of the following (in thousands): September 30, 2023 December 31, 2022 Employee compensation and benefits $ 43,163 $ 53,546 Third-party royalties 9,885 7,620 Accrued expenses 22,439 22,928 Current portion of operating lease liabilities 15,421 17,195 Accrued income tax 4,196 4,926 Other 14,820 3,799 Total $ 109,924 $ 110,014 Accumulated other comprehensive loss (“AOCL”) consisted of the following (in thousands): Three Months Ended September 30, 2023 2022 Unrealized Gains (Losses) on Cash Flow Hedges Foreign Currency Translation Adjustment Total Foreign Currency Translation Adjustment Total Beginning balance $ 759 $ ( 3,933 ) $ ( 3,174 ) $ ( 4,125 ) $ ( 4,125 ) Other comprehensive loss before reclassification ( 1,919 ) ( 46 ) ( 1,965 ) ( 914 ) ( 914 ) Amounts reclassified from accumulated other comprehensive loss into net loss ( 354 ) — ( 354 ) — — Net current period other comprehensive loss ( 2,273 ) ( 46 ) ( 2,319 ) ( 914 ) ( 914 ) Ending balance $ ( 1,514 ) $ ( 3,979 ) $ ( 5,493 ) $ ( 5,039 ) $ ( 5,039 ) Nine Months Ended September 30, 2023 2022 Unrealized Gains (Losses) on Cash Flow Hedges Foreign Currency Translation Adjustment Total Foreign Currency Translation Adjustment Total Beginning balance $ ( 94 ) $ ( 4,025 ) $ ( 4,119 ) $ ( 676 ) $ ( 676 ) Other comprehensive (loss) income before reclassification ( 738 ) 46 ( 692 ) ( 4,363 ) ( 4,363 ) Amounts reclassified from accumulated other comprehensive loss into net loss ( 682 ) — ( 682 ) — — Net current period other comprehensive (loss) income ( 1,420 ) 46 ( 1,374 ) ( 4,363 ) ( 4,363 ) Ending balance $ ( 1,514 ) $ ( 3,979 ) $ ( 5,493 ) $ ( 5,039 ) $ ( 5,039 )

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Financial Instruments	NOTE 5 – FINANCIAL INSTRUMENTS Non-marketable Equity Securities As of September 30, 2023 and December 31, 2022, other noncurrent assets included equity securities accounted for under the equity method with a carrying amount of $ 4.6 million and $ 4.4 million, respectively. No impairments to the carrying amount of the Company’s non-marketable equity securities were recognized in the three and nine months ended September 30, 2023 and 2022. Derivatives Instruments In the fourth quarter of 2022, the Company initiated a foreign exchange hedging strategy to hedge local currency expenses and reduce variability associated with anticipated cash flows. The Company’s derivative financial instruments consist of foreign currency forward contracts. The maturities of these instruments are generally less than twelve months. Fair values for derivative financial instruments are based on prices computed using third-party valuation models and are classified as Level 2 in accordance with the three-level hierarchy of fair value measurements. All the significant inputs to the third-party valuation models are observable in active markets. Inputs include current market-based parameters such as forward rates, yield curves and credit default swap pricing. For additional information related to the three-level hierarchy of fair value measurements, see Note 6— Fair Value. The notional and fair values of all derivative financial instruments were as follows (in thousands): September 30, 2023 December 31, 2022 Derivative instruments in cash flow hedges (foreign exchange contracts): Liabilities Accrued liabilities $ 1,216 $ 94 Notional value held to buy U.S. dollars in exchange for other currencies $ 1,094 $ — Notional value held to sell U.S. dollars in exchange for other currencies $ 66,244 $ 52,197 Undesignated derivative instruments (foreign exchange contracts): Liabilities Accrued liabilities $ — $ 41 Notional value held to sell U.S. dollars in exchange for other currencies $ — $ 7,402 All of the Company’s derivative financial instruments are eligible for netting arrangements that allow the Company and its counterparty to net settle amounts owed to each other. Derivative assets and liabilities that can be net settled under these arrangements have been presented in the Company's Condensed Consolidated Balance Sheets on a net basis. The gross amounts of the Company’s foreign currency forward contracts and the net amounts recorded in the Company’s Condensed Consolidated Balance Sheets were as follows (in thousands): September 30, 2023 December 31, 2022 Gross amount of recognized assets $ 218 $ — Gross amount of recognized liabilities ( 1,434 ) ( 135 ) Net amount presented in the Condensed Consolidated Balance Sheets $ ( 1,216 ) $ ( 135 ) Cash Flow Hedges The Company designates certain foreign currency forward contracts as hedging instruments pursuant to Accounting Standards Codification (“ASC”) No. 815—Derivatives and Hedging. The effective portion of the gain or loss on the derivatives are reported as a component of AOCL in stockholders’ equity and reclassified into earnings on the Condensed Consolidated Statements of Operations in the period upon which the hedged transactions are settled. For information on the unrealized gain or loss on the derivatives included in and reclassified out of the AOCL into Condensed Consolidated Statements of Operations, refer to Note 4— Composition of Certain Financial Statement Captions. The following table summarizes the gains recognized upon settlement of the hedged transactions in the Condensed Consolidated Statement of Operations for three and nine months ended September 30, 2023 (in thousands): Three Months Ended Nine Months Ended September 30, 2023 Research and development $ 307 $ 721 Selling, general and administrative 80 143 Total $ 387 $ 864 Undesignated Derivatives For derivatives that are not designated as hedge instruments, they are measured and reported at fair value as a derivative asset or liability in the Condensed Consolidated Balance Sheets with their corresponding change in the fair value recognized as gains or losses in other income (expense), net, in the Condensed Consolidated Statements of Operations. For the three months ended September 30, 2023, losses recognized on the undesignated derivatives were $ 0.2 million. For the nine months ended September 30, 2023, gains recognized on the undesignated derivatives were $ 0.5 million .

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value	NOTE 6 – FAIR VALUE The Company follows the authoritative guidance for fair value measurement and the fair value option for financial assets and financial liabilities. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability, or an exit price, in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The established fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets. Level 2 Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. When applying fair value principles in the valuation of assets, the Company is required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company calculates the fair value of its Level 1 and Level 2 instruments based on the exchange traded price of similar or identical instruments, where available, or based on other observable inputs. The Company’s derivative financial instruments, consisting of foreign currency forward contracts, are reported at fair value and classified as Level 2 (as described in Note 5— Financial Instruments ). Financial Instruments Not Recorded at Fair Value The Company’s long-term debt is carried at historical cost and is measured at fair value on a quarterly basis for disclosure purposes. The carrying amounts and estimated fair values were as follows (in thousands): September 30, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Senior Unsecured Promissory Note $ 50,000 $ 48,788 $ 50,000 $ 48,478 If reported at fair value in the Condensed Consolidated Balance Sheets, the Company’s debt would be classified within Level 2 of the fair value hierarchy. The fair value of the debt was estimated based on the quoted market prices for the same or similar issues. For more detail related to the senior unsecured promissory note, refer to Note 9— Debt. Non-Recurring Fair Value Measurements For purchase accounting related fair value measurements, see Note 7— Business Combination .

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2023
Business Combinations [Abstract]
Business Combination	NOTE 7 – BUSINESS COMBINATION On July 1, 2022, the Company completed the acquisition of Vewd (the “Vewd Acquisition”). Vewd is a leading global provider of OTT and hybrid TV solutions. The Vewd Acquisition established the Company as a leading independent streaming media platform through its TiVo brand and the largest independent provider of Smart TV middleware globally. The total consideration was approximately $ 102.9 million, consisting of approximately $ 52.9 million of cash and $ 50.0 million of deb t. Refer to Note 9— Debt for additional information on this debt. Purchase Price Allocation The Vewd Acquisition has been accounted for as a business combination, using the acquisition method. The following table presents the allocation of the purchase price to the identifiable assets acquired and liabilities assumed based on the fair values at the acquisition date with no measurement period adjustments identified (amounts in thousands, except estimated useful life): Estimated Useful Final Cash and cash equivalents $ 2,684 Accounts receivable 3,341 Unbilled contracts receivable 2,335 Other current assets 1,208 Property and equipment 443 Operating lease right-of-use assets 2,020 Identifiable intangible assets: Technology 7 $ 28,050 Customer relationships – large 7 4,900 Customer relationships – small 4 3,500 Non-compete agreements 2 870 Trade name 5 830 Total identifiable intangible assets 38,150 Goodwill 68,115 Other long-term assets 977 Accounts payable ( 869 ) Accrued liabilities ( 4,777 ) Deferred revenue ( 920 ) Long-term deferred tax liabilities ( 8,393 ) Noncurrent operating lease liabilities ( 1,094 ) Other long-term liabilities ( 307 ) Total purchase price $ 102,913 Vewd’s results of operations and cash flows have been included in the Company’s condensed consolidated financial statements for periods subsequent to July 1, 2022, and the related assets and liabilities were recorded at their estimated fair values in the Company’s Condensed Consolidated Balance Sheet as of July 1, 2022. Supplemental Pro Forma Information The following unaudited pro forma financial information assumes the Vewd Acquisition was completed as of January 1, 2021. The unaudited pro forma financial information as presented below is for informational purposes only and is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information. This is not necessarily indicative of the results of operations that would have been achieved if the Vewd Acquisition had taken place on January 1, 2021, nor is it necessarily indicative of future results. Consequently, actual results could differ materially from the unaudited pro forma financial information presented below. The following table presents the pro forma operating results as if the acquired operations of Vewd had been included in the Company's Condensed Consolidated Statements of Operations as of January 1, 2021 (unaudited, in thousands): Three Months Ended Nine Months Ended September 30, 2022 September 30, 2022 Revenue $ 121,637 $ 373,057 Net loss attributable to the Company $ ( 394,691 ) $ ( 468,457 ) The unaudited supplemental pro forma information above includes the following pro forma adjustments: adjustments for transaction related costs and severance and retention costs, adjustments for amortization of intangible assets, and elimination of inter-company transactions between Vewd and the Company. The unaudited supplemental pro forma information above does not include any cost saving synergies from operating efficiencies.

Goodwill And Intangible Assets,

Goodwill And Intangible Assets, Net	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets, Net	NOTE 8 – GOODWILL AND INTANGIBLE ASSETS, NET Goodwill impairment During the three months ended September 30, 2022, indicators of potential impairment for the Former Parent’s Product reporting unit were identified such that management concluded it was more-likely-than-not that goodwill was impaired and a quantitative interim goodwill impairment assessment should be performed as of September 30, 2022. Indicators of potential impairment included a sustained decline in the Former Parent’s stock price during the second half of the third quarter of 2022 reflective of rising interest rates and continued decline in macroeconomic conditions. The Company proceeded to perform a fair value analysis of the Product reporting unit using the market capitalization approach. Under this approach, management estimated the fair value of the Product reporting unit as of September 30, 2022 using quoted market prices of Xperi’s common stock, over its first ten trading days following the Separation, and a control premium representing the synergies a market participant would achieve upon obtaining control of Xperi. As a result of the fair value analysis, the Company recognized a goodwill impairment charge of $ 354.0 million during the three months ended September 30, 2022. Leveraging the aforementioned fair value assessment, the Company also completed its annual goodwill impairment test as of October 1, 2022 using the financial information as of September 30, 2022. During the three months ended December 31, 2022, sufficient indicators of potential impairment were identified such that management concluded it was more-likely-than-not that goodwill was impaired and a quantitative interim goodwill impairment test should be performed as of December 31, 2022. Indicators of potential impairment included a significant, sustained decline in the trading price of Xperi’s common stock during the fourth quarter of 2022. The Company proceeded to perform a fair value analysis of the Product reporting unit, the Company's only reporting unit, using the market capitalization approach. Under this approach, management estimated the fair value as of December 31, 2022 using quoted market prices of Xperi’s common stock as of December 30, 2022, the last trading date of 2022, and a control premium representing the synergies a market participant would achieve upon obtaining control of Xperi. As a result of the fair value analysis, a goodwill impairment charge of $ 250.6 million was recognized during the three months ended December 31, 2022. As a result of this impairment charge, the Company’s goodwill balance was completely written off as of December 31, 2022. Identified intangible assets consisted of the following (in thousands): September 30, 2023 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 22,189 $ ( 7,833 ) $ 14,356 Existing technology / content database 5 - 10 241,135 ( 200,281 ) 40,854 Customer contracts and related relationships 3 - 9 502,391 ( 365,086 ) 137,305 Trademarks/trade name 4 - 10 39,613 ( 33,498 ) 6,115 Non-compete agreements 1 - 2 3,101 ( 2,775 ) 326 Total finite-lived intangible assets 808,429 ( 609,473 ) 198,956 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets $ 829,829 $ ( 609,473 ) $ 220,356 December 31, 2022 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 22,189 $ ( 6,175 ) $ 16,014 Existing technology / content database 5 - 10 240,894 ( 190,671 ) 50,223 Customer contracts and related relationships 3 - 9 502,188 ( 335,981 ) 166,207 Trademarks/trade name 4 - 10 39,613 ( 29,733 ) 9,880 Non-competition agreements 1 - 2 3,101 ( 2,449 ) 652 Total finite-lived intangible assets 807,985 ( 565,009 ) 242,976 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets $ 829,385 $ ( 565,009 ) $ 264,376 As of September 30, 2023, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands): Year Ending December 31: 2023 (remaining 3 months) $ 13,401 2024 43,357 2025 34,810 2026 31,479 2027 30,636 Thereafter 45,273 Total future amortization $ 198,956

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	NOTE 9 – DEBT In connection with the Vewd Acquisition as disclosed in Note 7, on July 1, 2022, TiVo Product Holdco LLC, which was subsequently renamed Xperi Inc., issued a senior unsecured promissory note (the “Promissory Note”) to the sellers of Vewd in a principal amount of $ 50.0 million. Indebtedness outstanding under the Promissory Note bears an interest rate of 6.00 % per annum, payable in cash on a quarterly basis. If a certain qualified spin-off transaction occurs, the interest rate will be increased to the greater of (a) 6.00 % and (b) the sum of (i) the highest interest rate payable under any credit facility or bonds, debentures, notes or similar instruments where the issuer or any guarantor borrows money or guarantees obligations on a secured basis on or after the date of such spin-off transaction, plus (ii) 2.00 %. It was determined that the Spin-Off completed on October 1, 2022 did not trigger any change in the interest rate of the debt. The Promissory Note matures on July 1, 2025 . The Company may, at any time and on any one or more occasions, prepay all or any portion of the outstanding principal amount, plus accrued and unpaid interest, if any, under the Promissory Note without premium or penalty. In addition, the Promissory Note has mandatory prepayment provisions upon certain change of control or asset sale events. The Promissory Note includes certain covenants that restrict the Company and each guarantor’s ability to, among other things, incur certain indebtedness or engage in any material line of business substantially different from those lines of business conducted by such entities on the closing date of the acquisition. The Promissory Note does not contain any financial covenants. As of September 30, 2023, $ 50.0 million in principal balance was outstanding. Interest expense on the Promisso ry Note was $ 0.7 million and $ 2.2 million for the three and nine months ended September 30, 2023, respectively.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 10 – NET LOSS PER SHARE On October 1, 2022, 42,023,632 shares of the Company’s common stock, par value $ 0.001 per share, were distributed to the Former Parent’s stockholders of record as of September 21, 2022 . This share amount is utilized for the calculation of basic and diluted earnings per share for all periods presented prior to the Separation and such shares are treated as issued and outstanding for purposes of calculating historical loss per share. For periods prior to the Separation, it is assumed that there are no dilutive equity instruments as there were no Xperi Inc. stock-based awards outstanding prior to the Separation. For periods subsequent to the Separation, actual outstanding shares are used to calculate both basic and diluted weighted- average number of common shares outstanding. Potentially dilutive common shares, such as common shares issuable upon exercise of stock options and vesting of restricted stock awards and units are typically reflected in the computation of diluted net income per share by application of the treasury stock method. Due to the net losses reported, these potentially dilutive securities were excluded from the computation of diluted net loss per share, since their effect would be anti-dilutive. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amount): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net loss attributable to the Company - basic and diluted $ ( 41,426 ) $ ( 400,802 ) $ ( 111,821 ) $ ( 460,454 ) Denominator: Weighted-average number of shares used to compute net loss per share attributable to the Company - basic and diluted 43,316 42,024 42,774 42,024 Net loss per share attributable to the Company - basic and diluted $ ( 0.96 ) $ ( 9.54 ) $ ( 2.61 ) $ ( 10.96 ) The following potentially dilutive shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three and Nine Months Ended September 30, 2023 Options 119 Restricted stock awards and units 7,260 ESPP 430 Total 7,809

Stockholders' Equity And Stock-

Stockholders' Equity And Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stockholders' Equity And Stock-Based Compensation	NOTE 11 – STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION Equity Incentive Plans In connection with the Separation and on October 1, 2022, the Company adopted the Xperi Inc. 2022 Equity Incentive Plan (the “2022 EIP”). Under the 2022 EIP, the Company may grant equity-based awards to employees, non-employee directors, and consultants for services rendered to the Company (or any parent or subsidiary) in the form of stock options, stock awards, restricted stock awards (“RSA”), restricted stock units (“RSU”), stock appreciation rights, dividend equivalents and performance awards, or any combination thereof. The 2022 EIP provides for option grants designated as either incentive stock options or non-statutory options. Options have been granted with an exercise price not less than the value of the common stock on the grant date and generally have a term of ten years from the date of grant and vest over a four-year period. The vesting criteria for RSUs has historically been the passage of time or meeting certain performance-based objectives, and continued service through the vesting period over three or four years for time-based awards or three years for performance-based awards. As of September 30, 2023, there were approximately 4.1 million shares reserved for future grants under the 2022 EIP. Employee Stock Purchase Plans In connection with the Separation and on October 1, 2022, the Company adopted the Xperi Inc. 2022 Employee Stock Purchase Plan (the “2022 ESPP”). The 2022 ESPP is implemented through consecutive overlapping 24 -month offering periods, each of which is comprised of four purchase periods that are generally six months in length. Each offering period under the 2022 ESPP is 24 months long and commences on each December 1 and June 1 during the term of the plan. Participants may contribute up to 100 % of their after tax base earnings and commissions through payroll deductions up to the limit imposed by the Internal Revenue Service (”IRS”), and the accumulated deductions will be applied to the purchase of shares on each semi-annual purchase date. The purchase price per share will equal 85 % of the fair market value per share on the start date of the offering period or, if lower, 85 % of the fair market value per share on the semi-annual purchase date. An eligible employee’s right to buy the Company’s common stock under the 2022 ESPP may not accrue at a rate in excess of the $ 25,000 limit imposed by the IRS on the fair market value of such shares per calendar year. If the fair market value per share of the Company’s common stock on any purchase date during an offering period is less than the fair market value per share on the start date of the 24 -month offering period, then that offering period will automatically terminate and a new 24 -month offering period will begin on the next business day. All participants in the terminated offering will be transferred to the new offering period. On September 27, 2023, the 2022 ESPP was amended to reduce the length of the offering periods from 24 months to 12 months and reduce an employee’s maximum participant contribution from 100 % to 15 % of their after tax base earnings and commissions through payroll deductions. The amendment will take effect in the fourth quarter of 2023. On May 31, 2023, the Company issued 644,342 shares under the 2022 ESPP, net of shares withheld to satisfy withholding tax requirements for certain employees, for an aggregate net proceeds of $ 5.9 million. The following table summarizes the valuation assumptions used in estimating the fair value of the 2022 ESPP for the offering period in effect using Black-Scholes option pricing model: Nine Months Ended September 30, 2023 Expected life (years) 0.5 — 2.0 Risk-free interest rate 4.33 % — 5.44 % Dividend yield —% Expected volatility 44.11 % — 51.19 % Stock Options Stock option activity for the nine months ended September 30, 2023 is as follows (in thousands, except per share amounts): Number of Weighted Balance at December 31, 2022 146 $ 25.48 Options exercised — $ — Options canceled / forfeited / expired ( 27 ) $ 21.42 Balance at September 30, 2023 119 $ 26.39 There were no stock options granted during the nine months ended September 30, 2023. Restricted Stock Units Information with respect to outstanding restricted stock units (including both time-based vesting and performance-based vesting) as of September 30, 2023 is as follows (in thousands, except per share amounts): Number of Number of Total Weighted Balance at December 31, 2022 3,713 891 4,604 $ 20.35 Granted 3,137 1,008 4,145 $ 11.67 Vested / released ( 1,058 ) — ( 1,058 ) $ 19.47 Canceled / forfeited ( 218 ) ( 213 ) ( 431 ) $ 21.22 Balance at September 30, 2023 5,574 1,686 7,260 $ 15.47 Performance-Based Awards From time to time, the Company may grant performance-based restricted stock units (“PSU”) to senior executives, certain employees and consultants. The value and the vesting of such PSUs are generally linked to one or more performance goals or certain market conditions determined by th e Company, in each case on a specified date or dates or over any period or periods determined by the Company, and may range from zero to 200 % of the grant. For PSUs subject to a market condition, the fair value per award is fixed at the grant date and the amount of compensation expense is not adjusted during the performance period regardless of changes in the level of achievement of the market condition. During the second quarter of 2023, in accordance with the Employee Matters Agreement executed by the Company and the Former Parent in connection with the Separation, the Company modified certain vesting conditions related to market-based PSUs granted in 2022, resulting in a total incremental compensation expense of $ 2.9 million, which will be recognized over the remaining requisite service period through April 2025. The following assumptions were used to value the market-based PSUs granted during the period: Three Months Ended September 30, Nine Months Ended September 30, 2023 Expected life (years) 1.5 1.5 — 2.8 Risk-free interest rate 4.96 % 4.54 % — 4.96 % Dividend yield — % — % Expected volatility 46.14 % 46.14 % — 49.02 % Stock-Based Compensation Prior to the Separation, the stock-based compensation expense was only based on the expense for employees specifically identifiable to Xperi. Consequently, the amounts presented are not necessarily indicative of future awards and do not necessarily reflect the costs that the Company would have incurred as an independent company. The effect of recording stock-based compensation expense for the three and nine months ended September 30, 2023 and 2022 is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenue, excluding depreciation and amortization of intangible assets $ 806 $ 779 $ 2,525 $ 2,177 Research and development 6,584 5,515 18,540 16,295 Selling, general and administrative 10,232 4,291 30,616 11,289 Total stock-based compensation expense $ 17,622 $ 10,585 $ 51,681 $ 29,761 Stock-based compensation expense categorized by award type for the three and nine months ended September 30, 2023 and 2022 is summarized in the table below (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Restricted stock awards and units $ 16,294 $ 10,001 $ 47,980 $ 27,370 Employee stock purchase plan 1,328 584 3,701 2,391 Total stock-based compensation expense $ 17,622 $ 10,585 $ 51,681 $ 29,761 In addition, for the three and nine months ended September 30, 2022, the Company recognized $ 2.4 million and $ 6.9 million of stock-based compensation expense in operating results, respectively, as part of the corporate and shared functional employees expenses allocation.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12 – INCOME TAXES For the three and nine months ended September 30, 2023, the Company recorded an income tax expense of $ 9.7 million and $ 14.5 million on a pretax loss of $ 32.4 million and $ 99.9 million, respectively, which resulted in an effective tax rate of ( 29.9 )% and ( 14.5 )%, respectively. The income tax expense for the three and nine months ended September 30, 2023 was primarily related to foreign withholding taxes, foreign income taxes, U.S. federal income taxes, and state income taxes. For the three and nine months ended September 30, 2022, the Company recorded an income tax expense of $ 2.0 million and $ 12.5 million on a pretax loss of $ 399.7 million and $ 450.7 million, respectively, which resulted in an effective tax rate of ( 0.5 )% and ( 2.8 )%, respectively. The income tax expense for the three months ended September 30, 2022 was primarily related to foreign withholding taxes and state income taxes, partially offset by a tax benefit due to goodwill impairment; whereas for the nine months ended September 30, 2022, it was primarily related to foreign withholding taxes, state income taxes, and foreign income taxes, partially offset by a tax benefit due to goodwill impairment. As of September 30, 2023, gross unrecognized tax benefits of $ 19.3 million decreased by $ 0.1 million compared to December 31, 2022. Of the $ 19.3 million, $ 8.7 million would affect the effective tax rate, if recognized. The Company is unable to reasonably estimate the timing of the long-term payments or the amount by which the liability will increase or decrease. It is the Company’s policy to classify accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes. Recognition of interest and penalties related to unrecognized tax benefits was immaterial for the three and nine months ended September 30, 2023, whereas no interest and penalties were recognized for the three and nine months ended September 30, 2022. Accrued interest and penalties were immaterial as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023, the Company’s 2018 through 2023 tax years are generally open and subject to potential examination in one or more jurisdictions. In addition, in the United States, any net operating losses or credits that were generated in prior years but not yet fully utilized in a year that is closed under the statute of limitations may also be subject to examinatio n. On July 21, 2023, the U.S. Treasury Department issued Notice 2023-55 announcing temporary relief for taxpayers from certain provisions in the final foreign tax credit regulations released in 2022. The Company expects that the effect of this notice will be a net income tax benefit due to an increase in the Company’s foreign tax credits, partially offset by a decrease of its deductible withholding tax expense for the current year and for the year ended December 31, 2022.

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Leases	NOTE 13 – LEASES The Company leases office and research facilities, data centers and office equipment under operating leases with various expiration dates thr ough 2030. Certain leases offer the option to renew for up to ten years and to terminate before the expiration date. Leases with an initial term of 12 months or less are not recorded on the balance sheets ; expense for these leases is recognized on a straight-line basis over the lease term. Variable lease payments are expensed as incurred and are not included within the lease liability and right-of-use assets calculation. The Company subleases certain real estate to third parties. The sublease portfolio consists of operating leases for previously exited office space. Certain subleases include variable payments for operating costs. The subleases are generally co-terminus with the head lease, or shorter. Subleases do not include any residual value guarantees or restrictions or covenants imposed by the leases. Income from subleases is recognized as a reduction to selling, general and administrative expenses. As a result of optimizing its global real estate footprint and decisions to vacate and sublease certain offices following the Spin-Off, the Company recorded impairment charges of $ 1.1 million to r educe the carrying amount of certain operating lease right-of-use (“ROU”) assets and property and equipment, including leasehold improvements, during the nine months ended September 30, 2023. The Company determined that it may not be able to fully recover the carrying amount of the leased offices due to a change in the manner in which the offices are being used, a significant decrease in the expected market price of the leased asset, and expected delays in subleasing the space based on the current real estate leasing market. The Company estimated the fair value using a discounted cash flows approach with assumptions such as expectations of cash flows from projected sublease income, occupancy estimates and its outlook for the local real estate market. The components of operating lease costs were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Fixed lease cost (1) $ 4,996 $ 5,133 $ 15,479 $ 15,057 Variable lease cost 1,334 1,593 4,278 4,076 Less: sublease income ( 2,522 ) ( 2,293 ) ( 7,795 ) ( 7,105 ) Total operating lease cost $ 3,808 $ 4,433 $ 11,962 $ 12,028 (1) Includes short-term leases expensed on a straight-line basis. The following table presents supplemental cash flow information arising from lease transactions (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cash payments included in the measurement of operating lease liabilities $ 4,979 $ 4,982 $ 15,187 $ 14,882 Operating ROU assets obtained in exchange for lease obligations $ 978 $ 5,268 $ 4,991 $ 8,371 The weighted-average remaining term of the Company’s operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows: September 30, December 31, 2022 Weighted-average remaining lease term (in years) 3.47 3.69 Weighted-average discount rate 5.2 % 5.1 % Future minimum lease payments and related lease liabilities as of September 30, 2023 were as follows (in thousands): Year Ending December 31: Operating Lease Payments (1) Sublease Income Net Operating Lease Payments 2023 (remaining 3 months) $ 3,781 $ ( 1,958 ) $ 1,823 2024 18,399 ( 7,849 ) 10,550 2025 16,796 ( 7,671 ) 9,125 2026 8,827 ( 1,055 ) 7,772 2027 3,819 — 3,819 Thereafter 3,399 — 3,399 Total lease payments 55,021 $ ( 18,533 ) $ 36,488 Less: imputed interest ( 5,103 ) Present value of operating lease liabilities $ 49,918 Less: operating lease liabilities, current portion ( 15,421 ) Noncurrent operating lease liabilities $ 34,497 (1) Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 14 – COMMITMENTS AND CONTINGENCIES Purchase and Other Contractual Obligations In the ordinary course of business, the Company enters into contractual agreements with third parties that include non-cancelable payment obligations, for which it is liable in future periods. These arrangements primarily include unconditional purchase obligations to service providers. As of September 30, 2023, the Company’s total future unconditional purchase obligations were approximately $ 87.4 million. Additionally, under certain other contractual arrangements, the Company may be obligated to pay up to $ 5.3 million, a majority of which is expected to be paid within the next three years , if certain milestones are achieved. Inventory Purchase Commitment The Company uses contract manufacturers to provide manufacturing services for its products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate supply, the Company enters into agreements with its contract manufacturers that either allow them to procure inventory based on criteria as defined by the Company or that establish the parameters defining the Company’s requirements. A significant portion of the Company’s purchase commitments arising from these agreements consist of firm, non-cancelable and unconditional purchase commitments. In certain instances, these agreements allow the Company the option to cancel, reschedule or adjust the Company’s requirements based on its business needs prior to firm orders being placed. As of September 30, 2023, the Company had total purchase commitments for inventory of $ 0.6 million . Indemnifications In the normal course of business, the Company provides indemnifications of varying scopes and amounts to certain of its licensees, customers, and business partners against claims made by third parties arising from the use of the Company's products, intellectual property, services or technologies. The Company cannot reasonably estimate the possible range of losses that may be incurred pursuant to its indemnification obligations, if any. Variables affecting any such assessment include, but are not limited to: the scope of the contractual indemnification obligation; the nature of the third party claim asserted; the relative merits of the third party claim; the financial ability of the third party claimant to engage in protracted litigation; the number of parties seeking indemnification; the nature and amount of damages claimed by the party suing the indemnified party; and the willingness of such party to engage in settlement negotiations. The Company has received requests for indemnification, but to date none has been material and no liability has been recorded in the Company’s financial statements. As permitted under Delaware law, the Company has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at the Company’s request in such capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company believes, given the absence of any such payments in the Company’s history, and the estimated low probability of such payments in the future, that the estimated fair value of these indemnification agreements is not material. In addition, the Company has directors’ and officers’ liability insurance coverage that is intended to reduce its financial exposure and may enable the Company to recover any payments under the indemnification agreements, should they occur. Contingencies The Company and its subsidiaries have been involved in litigation matters and claims in the normal course of business. In the past, the Company or its subsidiaries have litigated to enforce their respective patents and other intellectual property rights, to enforce the terms of license agreements, to determine infringement or validity of intellectual property rights, and to defend themselves or their customers against claims of infringement or breach of contract. The Company expects it or its subsidiaries will be involved in similar legal proceedings in the future, including proceedings to ensure proper and full payment of royalties by licensees under the terms of their license agreements. An adverse decision in any legal actions could result in a loss of the Company’s proprietary rights, subject the Company to significant liabilities, require the Company to seek licenses from others, limit the value of the Company’s licensed technology or otherwise negatively impact the Company’s stock price or its business and consolidated financial results.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	NO TE 15 – RELATED PARTY TRANSACTIONS For periods prior to the Separation, the Condensed Consolidated Financial Statements have been prepared on a standalone basis and were derived from the condensed consolidated financial statements and accounting records of the Former Parent. The following disclosure summarizes activity prior to the Separation between the Company and the Former Parent, including affiliates of the Former Parent that were not part of the Separation. Allocation of Corporate Expenses Prior to Separation, the Condensed Consolidated Financial Statements included expenses for certain management and support functions which were provided on a centralized basis within the Former Parent, as described in Note 1— The Company and Basis of Presentation . These management and support functions include, but are not limited to, executive management, sales and marketing, finance, legal, information technology, employee benefits administration, stock-based compensation, treasury, risk management, procurement and other shared services. These allocations were made on a direct usage basis when identifiable, with the remainder allocated on a pro rata basis of billing, revenue, headcount or other measures of the Company and the Former Parent. For the three months ended September 30, 2022, the amount of these allocations from the Former Parent was $ 16.8 million, which included $ 0.8 million for depreciation expenses and $ 16.0 million for selling, general and administrative expenses. For the nine months ended September 30, 2022, the amount of these allocations from the Former Parent was $ 47.6 million, which included $ 3.0 million for depreciation expenses and $ 44.6 million for selling, general and administrative expenses. Management believes these cost allocations are a reasonable reflection of the utilization of services provided to, or the benefit derived by, the Company during the periods presented. The allocations may not, however, be indicative of the actual expenses that would have been incurred had the Company operated as a standalone public company. Actual costs that may have been incurred if the Company had been a standalone public company would depend on a number of factors, such as the chosen organizational structure, whether functions were outsourced or performed by Company’s employees, and strategic decisions made in areas such as selling, information technology and infrastructure. Net Investment by Former Parent As a result of the Company consolidating its financial results, as described in Note 1, net investment by Former Parent in the Condensed Consolidated Balance Sheets and Statements of Equity was fully settled. As such, there was no balance in net Investment by Former Parent at December 31, 2022. Prior to the Company consolidating its financial results, net investment by Former Parent in the historical Balance Sheets and Statements of Equity represented the Former Parent's historical investment in the Company, the net effect of transactions with and allocations from the Former Parent, and the Company’s accumulated deficit.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation During the three months ended September 30, 2022, all of the assets and liabilities of the Xperi Product business had been transferred to a legal entity (the “Transfer”) under the common control of Xperi. Subsequent to this Transfer and through December 31, 2022, the Company’s financial statements and accompanying notes are prepared on a consolidated basis and include Xperi and its subsidiaries in which Xperi has a controlling financial interest. All intercompany balances and transactions are eliminated in consolidation. Prior to the Transfer, the financial statements and accompanying notes of the Xperi Product business were prepared on a combined basis and were derived from the consolidated financial statements and accounting records of the Former Parent as the Company was not historically held by a single legal entity. All intercompany balances and transactions within the combined businesses of the Company have been eliminated. The Condensed Consolidated Balance Sheets of Xperi and its subsidiaries for the pre-Transfer periods include Former Parent’s assets and liabilities that are specifically identifiable or otherwise attributable to the Company. In the fourth quarter of 2018, the Company funded a new subsidiary, Perceive Corporation (“Perceiv e”), which was created to focus on delivering edge inference solutions. As of September 30, 2023, the Company owned approximately 77 % of the outstanding equity interest of Perceive. The operating results of Perceive have been included in the Company’s condensed consolidated financial statements since the fourth quarter of 2018. Prior to the Separation, the Company was dependent on the Former Parent for all of its working capital and financing requirements as the Former Parent used a centralized approach to cash management and financing its operations. Financial transactions relating to the Company were accounted for as equity contributions from the Former Parent on the Condensed Consolidated Balance Sheets. Accordingly, none of the Former Parent’s cash and cash equivalents were allocated to the Company for any of the periods presented, unless those balances were directly attributable to the Company. The Company reflects transfers of cash to and from the Former Parent’s cash management system within equity as a component of Net investment by Former Parent on a combined basis and as a component of net capital contribution from Former Parent on a consolidated basis. Other than the debt incurred in connection with the acquisition of Vewd Software Holdings Limited (“Vewd”) discussed in Note 9, the Former Parent’s long-term debt has not been attributed to the Company for any of the periods presented because the Former Parent’s borrowings are not the legal obligation of the Company. The cash and cash equivalents, including the Company’s capitalization from Former Parent on September 30, 2022, is expected to be sufficient to support its operations, capital expenditures and income tax payments, in addition to any investments and other capital allocation needs for at least the next 12 months from the issuance date of these condensed consolidated financial statements. Prior to the Separation, the Condensed Consolidated Statements of Operations and Comprehensive Loss of the Company reflect allocations of general corporate expenses from the Former Parent, including, but not limited to, executive management, sales and marketing, finance, legal, information technology, employee benefits administration, stock-based compensation, treasury, risk management, procurement and other shared services. These allocations were made on a direct usage basis when identifiable, with the remainder allocated on a pro rata basis of billing, revenue, headcount or other measures as deemed appropriate. Management of the Company and Former Parent consider these allocations to be a reasonable reflection of the utilization of services by, or the benefits provided to, the Company. The allocations may not, however, reflect the expenses the Company would have incurred as a standalone company for the periods presented. Actual costs that may have been incurred if the Company had been a standalone company would depend on a number of factors, such as the chosen organizational structure, whether functions were outsourced or performed by employees and decisions with respect to areas such as facilities, information technology and operating infrastructure.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The accounting estimates and assumptions that require management’s most significant, challenging, and subjective judgment include the estimation of licensees’ quarterly royalties prior to receiving the royalty reports, the determination of stand-alone selling price and the transaction price in an arrangement with multiple performance obligations, the assessment of useful lives and recoverability of other intangible assets and long-lived assets, recognition and measurement of current and deferred income tax assets and liabilities, the assessment of unrecognized tax benefits, and purchase accounting resulting from business combinations. Actual results experienced by the Company may differ from management’s estimates.
Concentration of Credit and Other Risks	Concentration of Credit and Other Risks Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with large financial institutions, and at times, the deposits may exceed the federally insured limits. As part of its risk management processes, the Company performs periodic evaluations of the relative credit standing of these financial institutions. The Company has not sustained material credit losses from instruments held at these financial institutions. In addition, the Company has cash and cash equivalents held in international bank accounts that are denominated in various foreign currencies, and has established risk management strategies designed to minimize the impact of certain currency exchange rate fluctuations. The Company believes that any concentration of credit risk in its accounts receivable is substantially mitigated by its evaluation process, relatively short collection terms and the high level of credit worthiness of its customers. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary but generally requires no collateral. There were no individually significant customers accounting for 10% or more of total revenue for the three and nine months ended September 30, 2023 and 2022. As of September 30, 2023 and December 31, 2022, no single customer represented 10 % or more of the Company's net balance of accounts receivable.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There have been no recently issued accounting pronouncements that are expected to have a material impact on the Company’s condensed consolidated financial statements.
Revenue Recognition	Revenue Recognition General Revenue is recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services, which may include various combinations of goods and services which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of sales taxes collected from customers which are subsequently remitted to governmental authorities. Some of the Company’s contracts with customers contain multiple performance obligations. For these contracts, the individual performance obligations are separately accounted for if they are distinct. In an arrangement with multiple performance obligations, the transaction price is allocated among the separate performance obligations on a relative stand-alone selling price basis. The determination of stand-alone selling price considers market conditions, the size and scope of the contract, customer and geographic information, and other factors. When observable prices are not available, stand-alone selling price for separate performance obligations is generally based on the cost-plus-margin approach, considering overall pricing objectives. When variable consideration is in the form of a sales-based or usage-based royalty in exchange for a license of technology or when a license of technology is the predominant item to which the variable consideration relates, revenue is recognized at the later of when the subsequent sale or usage occurs or the performance obligation to which some or all of the sales-based or usage-based royalty has been allocated has been satisfied or partially satisfied. Description of Revenue-Generating Activities The Company derives the majority of its revenue from licensing its technologies and solutions to customers within the Pay-TV, Consumer Electronics, Connected Car and Media Platform product categories. Refer to Part I, Item 1 of the Form 10-K for detailed information regarding these product categories. Pay-TV Customers within the Pay-TV category are primarily multi-channel video service providers, consumer electronics (“CE”) manufacturers, and end consumers. Revenue in this category is primarily derived from licensing the Company’s Pay-TV solutions, including Electronic Program Guides, TiVo internet protocol television (“IPTV”) Solutions, Personalized Content Discovery and enriched Metadata. For these solutions, the Company provides on-going media or data delivery, either via on-premise licensed software, hosting or access to its platform. The Company generally receives fees on a per-subscriber per-month basis or as a monthly fee, and revenue is recognized during the month in which the solutions are provided to the customer. For most of the on-premise licensed software arrangements, substantially all functionality is obtained through the Company’s frequent updating of the technology, data and content. In these instances, the Company typically has a single performance obligation related to these ongoing activities in the underlying arrangement, and revenue is generally recognized over the period the solution is provided. Hosted solutions and access to our platform is considered a single performance obligation recognized over the period the solution is provided. Consumer Electronics The Company licenses its audio and imaging technologies to CE manufacturers or their supply chain partners. The Company generally recognizes royalty revenue from licenses based on units shipped or manufactured. Revenue is recognized in the period in which the customer’s sales or production are estimated to have occurred. This may result in an adjustment to revenue when actual sales or production are subsequently reported by the customer, generally in the month or quarter following sales or production. Estimating customers’ quarterly royalties prior to receiving the royalty reports requires the Company to make significant assumptions and judgments related to forecasted trends and growth rates used to estimate quantities shipped or manufactured by customers, which could have a material impact on the amount of revenue it reports on a quarterly basis. Certain customers enter into fixed fee or minimum guarantee agreements, whereby customers pay a fixed fee for the right to incorporate the Company’s technology in the customer’s products over the license term. In arrangements with a minimum guarantee, the fixed fee component corresponds to a minimum number of units or dollars that the customer must produce or pay, with additional per-unit fees for any units or dollars exceeding the minimum. The Company generally recognizes the full fixed fee as revenue at the beginning of the license term when the customer has the right to use the technology and begins to benefit from the license, net of the effect of any significant financing components calculated using customer-specific, risk-adjusted lending rates, with the related interest income being recognized over time on an effective rate basis. For minimum guarantee agreements where the customer exceeds the minimum, the Company recognizes revenue relating to any additional per-unit fees in the periods it estimates the customer will exceed the minimum and adjusts the revenue based on actual usage once that is reported by the customer. Connected Car The Company licenses its digital radio solutions, automotive infotainment and related offerings, and driver and occupant monitoring systems to automotive manufacturers or their supply chain partners. The Company generally recognizes royalty revenue from these licenses based on units shipped or manufactured, similar to the revenue recognition described above in “ Consumer Electronics ”. Certain customers may enter into fixed fee or minimum guarantee agreements, also similar to the revenue recognition described above in “ Consumer Electronics” . Automotive infotainment and related revenue is generally recognized over time as the customer obtains access to the solutions and underlying data. Media Platform The Company generates revenue from advertising, TV viewership data, and licensing of the Vewd app framework and core middleware solutions. Advertising revenue is generally recognized when the related advertisement is provided. TV viewership data revenue is generally recognized over time as the customer obtains the underlying data. License revenue for the Vewd solutions is generally recognized either on a per-unit royalty or a minimum guarantee or fixed fee basis, similar to as described in the “ Consumer Electronics ” section above. Hardware Products, Services and Settlements/Recoveries The Company sells hardware products, primarily to end consumers, within the Pay-TV, Media Platform and Consumer Electronics product categories. Hardware product revenue is generally recognized when the promised product is delivered. The Company also generates non-recurring engineering (“NRE”) revenue within all of its product categories. The Company recognizes NRE revenue as progress toward completion is made, generally using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Revenue from each of advertising, NRE services, and hardware products was less than 10 % of total revenue for all periods presented. The Company actively monitors and enforces its technology licenses, including seeking appropriate compensation from customers that have under-reported royalties owed under a license agreement and from third parties that utilize the Company’s technologies without a license. As a result of these activities, the Company may, from time to time, recognize revenue from periodic compliance audits of licensees for underreporting royalties incurred in prior periods, or from legal judgments in a license dispute. These settlements and recoveries may cause revenue to be higher than expected during a particular reporting period and such settlements and recoveries may not occur in subsequent periods. The Company recognizes revenue from settlements and recoveries when a binding agreement has been executed or a revised royalty report has been received and the Company concludes collection is probable. Practical Expedients and Exemptions The Company applies a practical expedient to not perform an evaluation of whether a contract includes a significant financing component when the timing of revenue recognition differs from the timing of cash collection by one year or less. The Company applies a practical expedient to expense costs to obtain a contract with a customer as incurred as a component of selling, general and administrative expenses when the amortization period would have been one year or less. The Company applies a practical expedient when disclosing revenue expected to be recognized from unsatisfied performance obligations to exclude contracts with customers with an original duration of one year or less; amounts attributable to variable consideration arising from (i) a sales-based or usage-based royalty of a technology license or (ii) when variable consideration is allocated entirely to a wholly unsatisfied performance obligation; or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Product Category and Timing of Recognition	The following table summarizes revenue by timing of recognition (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Recognized over time $ 104,827 $ 103,276 $ 303,911 $ 296,341 Recognized at a point in time 25,563 18,361 80,190 70,387 Total revenue $ 130,390 $ 121,637 $ 384,101 $ 366,728 The following table summarizes revenue by product category (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Pay-TV $ 60,319 $ 58,378 $ 178,644 $ 182,903 Consumer Electronics 32,298 33,561 100,749 101,145 Connected Car 23,393 20,224 67,415 60,798 Media Platform 14,380 9,474 37,293 21,882 Total revenue $ 130,390 $ 121,637 $ 384,101 $ 366,728
Schedule of Geographic Revenue Information	The following table summarizes revenue by geographic location (in thousands): Three Months Ended September 30, 2023 2022 U.S. $ 69,382 53 % $ 65,173 54 % Japan 22,622 17 13,801 11 China 6,813 5 12,713 11 Europe and Middle East 8,827 7 10,722 9 Latin America 8,646 7 5,310 4 Other 14,100 11 13,918 11 Total revenue $ 130,390 100 % $ 121,637 100 % Nine Months Ended September 30, 2023 2022 U.S. $ 203,674 53 % $ 203,253 55 % Japan 58,683 15 45,844 13 China 28,850 8 27,168 7 Europe and Middle East 27,409 7 29,458 8 Latin America 22,013 6 20,588 6 Other 43,472 11 40,417 11 Total revenue $ 384,101 100 % $ 366,728 100 %
Schedule of Contract Assets	Contract assets were recorded in the Condensed Consolidated Balance Sheets as follows (in thousands): September 30, 2023 December 31, 2022 Unbilled contracts receivable, net $ 61,148 $ 65,251 Other current assets 504 848 Unbilled contracts receivable, noncurrent 21,926 4,289 Other noncurrent assets 719 978 Total contract assets $ 84,297 $ 71,366
Schedule of Revenue Recognized in Period	The following table presents additional revenue disclosures (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenue recognized in the period from: Amounts included in deferred revenue at the beginning of $ 4,003 $ 5,112 $ 16,269 $ 19,713 Performance obligations satisfied in previous periods (true (1)(2) $ 1,499 $ 4,435 $ 214 $ 25,301 (1) True ups represent the differences between the Company’s quarterly estimates of per-unit royalty revenue and actual production/sales-based royalties reported by licensees in the following period. Recoveries represent corrections or revisions to previously reported per-unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits. Settlements represent resolutions of litigation or disputes during the period for past royalties owed. (2) For the nine months ended September 30, 2022, the Company recorded revenue from both the settlement of a contract dispute with a large mobile imaging customer, and the execution of a long-term license agreement with the same large mobile imaging customer. The long-term license agreement was effective as of the expiration of the prior agreement, and the Company expected to record revenue from the license agreement in future periods.
Schedule of Remaining Performance Obligations	Company’s estimated remaining revenue under contracts with performance obligations was as follows (in thousands): Year Ending December 31: Amounts 2023 (remaining 3 months) $ 22,110 2024 40,542 2025 19,799 2026 6,017 2027 2,111 Thereafter 1,953 Total $ 92,532
Schedule of Allowance for Credit Losses	The following table presents the activity in the allowance for credit losses for the three and nine months ended September 30, 2023 and 2022 (in thousands): Three Months Ended September 30, 2023 2022 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 2,212 $ 325 $ 1,805 $ 306 Provision for credit losses 166 66 99 7 Recoveries/charge-off ( 121 ) ( 176 ) ( 133 ) — Ending balance $ 2,257 $ 215 $ 1,771 $ 313 Nine Months Ended September 30, 2023 2022 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 1,950 $ 369 $ 2,245 $ 480 Provision for credit losses 488 22 69 ( 167 ) Recoveries/charge-off ( 181 ) ( 176 ) ( 543 ) — Ending balance $ 2,257 $ 215 $ 1,771 $ 313

Composition of Certain Financ_2

Composition of Certain Financial Statement Captions (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Prepaid Expenses And Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): September 30, 2023 December 31, 2022 Prepaid income tax $ 1,758 $ 1,777 Prepaid expenses 19,572 20,001 Finished goods inventory 8,460 6,662 Other 9,156 13,734 Total $ 38,946 $ 42,174
Schedule of Property and Equipment, Net	Property and equipment, net, consisted of the following (in thousands): September 30, 2023 December 31, 2022 Equipment, furniture and other $ 87,120 $ 78,976 Building and improvements 18,331 18,331 Land 5,300 5,300 Leasehold improvements 16,497 17,038 Total property and equipment 127,248 119,645 Less: accumulated depreciation and amortization ( 82,648 ) ( 71,818 ) Property and equipment, net $ 44,600 $ 47,827
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following (in thousands): September 30, 2023 December 31, 2022 Employee compensation and benefits $ 43,163 $ 53,546 Third-party royalties 9,885 7,620 Accrued expenses 22,439 22,928 Current portion of operating lease liabilities 15,421 17,195 Accrued income tax 4,196 4,926 Other 14,820 3,799 Total $ 109,924 $ 110,014
Schedule of Accumulated Other Comprehensive Loss (AOCL)	Accumulated other comprehensive loss (“AOCL”) consisted of the following (in thousands): Three Months Ended September 30, 2023 2022 Unrealized Gains (Losses) on Cash Flow Hedges Foreign Currency Translation Adjustment Total Foreign Currency Translation Adjustment Total Beginning balance $ 759 $ ( 3,933 ) $ ( 3,174 ) $ ( 4,125 ) $ ( 4,125 ) Other comprehensive loss before reclassification ( 1,919 ) ( 46 ) ( 1,965 ) ( 914 ) ( 914 ) Amounts reclassified from accumulated other comprehensive loss into net loss ( 354 ) — ( 354 ) — — Net current period other comprehensive loss ( 2,273 ) ( 46 ) ( 2,319 ) ( 914 ) ( 914 ) Ending balance $ ( 1,514 ) $ ( 3,979 ) $ ( 5,493 ) $ ( 5,039 ) $ ( 5,039 ) Nine Months Ended September 30, 2023 2022 Unrealized Gains (Losses) on Cash Flow Hedges Foreign Currency Translation Adjustment Total Foreign Currency Translation Adjustment Total Beginning balance $ ( 94 ) $ ( 4,025 ) $ ( 4,119 ) $ ( 676 ) $ ( 676 ) Other comprehensive (loss) income before reclassification ( 738 ) 46 ( 692 ) ( 4,363 ) ( 4,363 ) Amounts reclassified from accumulated other comprehensive loss into net loss ( 682 ) — ( 682 ) — — Net current period other comprehensive (loss) income ( 1,420 ) 46 ( 1,374 ) ( 4,363 ) ( 4,363 ) Ending balance $ ( 1,514 ) $ ( 3,979 ) $ ( 5,493 ) $ ( 5,039 ) $ ( 5,039 )

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Notional and Fair Values of All Derivative Instruments	The notional and fair values of all derivative financial instruments were as follows (in thousands): September 30, 2023 December 31, 2022 Derivative instruments in cash flow hedges (foreign exchange contracts): Liabilities Accrued liabilities $ 1,216 $ 94 Notional value held to buy U.S. dollars in exchange for other currencies $ 1,094 $ — Notional value held to sell U.S. dollars in exchange for other currencies $ 66,244 $ 52,197 Undesignated derivative instruments (foreign exchange contracts): Liabilities Accrued liabilities $ — $ 41 Notional value held to sell U.S. dollars in exchange for other currencies $ — $ 7,402
Schedule of Gross Amounts of Foreign Currency Forward Contracts	The gross amounts of the Company’s foreign currency forward contracts and the net amounts recorded in the Company’s Condensed Consolidated Balance Sheets were as follows (in thousands): September 30, 2023 December 31, 2022 Gross amount of recognized assets $ 218 $ — Gross amount of recognized liabilities ( 1,434 ) ( 135 ) Net amount presented in the Condensed Consolidated Balance Sheets $ ( 1,216 ) $ ( 135 )
Summary of the Gains Recognized upon Settlement of the Hedged Transactions	The following table summarizes the gains recognized upon settlement of the hedged transactions in the Condensed Consolidated Statement of Operations for three and nine months ended September 30, 2023 (in thousands): Three Months Ended Nine Months Ended September 30, 2023 Research and development $ 307 $ 721 Selling, general and administrative 80 143 Total $ 387 $ 864

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Carrying Amounts and Estimated Fair Values	The carrying amounts and estimated fair values were as follows (in thousands): September 30, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Senior Unsecured Promissory Note $ 50,000 $ 48,788 $ 50,000 $ 48,478 If reported at fair value in the Condensed Consolidated Balance Sheets, the Company’s debt would be classified within Level 2 of the fair value hierarchy. The fair value of the debt was estimated based on the quoted market prices for the same or similar issues. For more detail related to the senior unsecured promissory note, refer to Note 9— Debt.

Business Combination (Tables)

Business Combination (Tables) - Vewd	9 Months Ended
	Sep. 30, 2023
Business Acquisition [Line Items]
Schedule of Estimated Fair Value that Allocated to Assets and Liabilities	The following table presents the allocation of the purchase price to the identifiable assets acquired and liabilities assumed based on the fair values at the acquisition date with no measurement period adjustments identified (amounts in thousands, except estimated useful life): Estimated Useful Final Cash and cash equivalents $ 2,684 Accounts receivable 3,341 Unbilled contracts receivable 2,335 Other current assets 1,208 Property and equipment 443 Operating lease right-of-use assets 2,020 Identifiable intangible assets: Technology 7 $ 28,050 Customer relationships – large 7 4,900 Customer relationships – small 4 3,500 Non-compete agreements 2 870 Trade name 5 830 Total identifiable intangible assets 38,150 Goodwill 68,115 Other long-term assets 977 Accounts payable ( 869 ) Accrued liabilities ( 4,777 ) Deferred revenue ( 920 ) Long-term deferred tax liabilities ( 8,393 ) Noncurrent operating lease liabilities ( 1,094 ) Other long-term liabilities ( 307 ) Total purchase price $ 102,913
Schedule of Unaudited Pro Forma Financial Information	The following table presents the pro forma operating results as if the acquired operations of Vewd had been included in the Company's Condensed Consolidated Statements of Operations as of January 1, 2021 (unaudited, in thousands): Three Months Ended Nine Months Ended September 30, 2022 September 30, 2022 Revenue $ 121,637 $ 373,057 Net loss attributable to the Company $ ( 394,691 ) $ ( 468,457 )

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Identified Intangible Assets	Identified intangible assets consisted of the following (in thousands): September 30, 2023 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 22,189 $ ( 7,833 ) $ 14,356 Existing technology / content database 5 - 10 241,135 ( 200,281 ) 40,854 Customer contracts and related relationships 3 - 9 502,391 ( 365,086 ) 137,305 Trademarks/trade name 4 - 10 39,613 ( 33,498 ) 6,115 Non-compete agreements 1 - 2 3,101 ( 2,775 ) 326 Total finite-lived intangible assets 808,429 ( 609,473 ) 198,956 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets $ 829,829 $ ( 609,473 ) $ 220,356 December 31, 2022 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 22,189 $ ( 6,175 ) $ 16,014 Existing technology / content database 5 - 10 240,894 ( 190,671 ) 50,223 Customer contracts and related relationships 3 - 9 502,188 ( 335,981 ) 166,207 Trademarks/trade name 4 - 10 39,613 ( 29,733 ) 9,880 Non-competition agreements 1 - 2 3,101 ( 2,449 ) 652 Total finite-lived intangible assets 807,985 ( 565,009 ) 242,976 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets $ 829,385 $ ( 565,009 ) $ 264,376
Estimated Future Amortization Expense	As of September 30, 2023, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands): Year Ending December 31: 2023 (remaining 3 months) $ 13,401 2024 43,357 2025 34,810 2026 31,479 2027 30,636 Thereafter 45,273 Total future amortization $ 198,956

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amount): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net loss attributable to the Company - basic and diluted $ ( 41,426 ) $ ( 400,802 ) $ ( 111,821 ) $ ( 460,454 ) Denominator: Weighted-average number of shares used to compute net loss per share attributable to the Company - basic and diluted 43,316 42,024 42,774 42,024 Net loss per share attributable to the Company - basic and diluted $ ( 0.96 ) $ ( 9.54 ) $ ( 2.61 ) $ ( 10.96 )
Schedule of Potentially Dilutive Shares Were Excluded From Calculation of Diluted Net Loss Per Share	The following potentially dilutive shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three and Nine Months Ended September 30, 2023 Options 119 Restricted stock awards and units 7,260 ESPP 430 Total 7,809

Stockholders' Equity And Stoc_2

Stockholders' Equity And Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Summary of Stock Option Activity	Stock option activity for the nine months ended September 30, 2023 is as follows (in thousands, except per share amounts): Number of Weighted Balance at December 31, 2022 146 $ 25.48 Options exercised — $ — Options canceled / forfeited / expired ( 27 ) $ 21.42 Balance at September 30, 2023 119 $ 26.39
Summary of Restricted Stock Awards and Units	Information with respect to outstanding restricted stock units (including both time-based vesting and performance-based vesting) as of September 30, 2023 is as follows (in thousands, except per share amounts): Number of Number of Total Weighted Balance at December 31, 2022 3,713 891 4,604 $ 20.35 Granted 3,137 1,008 4,145 $ 11.67 Vested / released ( 1,058 ) — ( 1,058 ) $ 19.47 Canceled / forfeited ( 218 ) ( 213 ) ( 431 ) $ 21.22 Balance at September 30, 2023 5,574 1,686 7,260 $ 15.47
Summary of Stock-Based Compensation Expense	The effect of recording stock-based compensation expense for the three and nine months ended September 30, 2023 and 2022 is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenue, excluding depreciation and amortization of intangible assets $ 806 $ 779 $ 2,525 $ 2,177 Research and development 6,584 5,515 18,540 16,295 Selling, general and administrative 10,232 4,291 30,616 11,289 Total stock-based compensation expense $ 17,622 $ 10,585 $ 51,681 $ 29,761
Stock-Based Compensation Expense Categorized by Award Type	Stock-based compensation expense categorized by award type for the three and nine months ended September 30, 2023 and 2022 is summarized in the table below (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Restricted stock awards and units $ 16,294 $ 10,001 $ 47,980 $ 27,370 Employee stock purchase plan 1,328 584 3,701 2,391 Total stock-based compensation expense $ 17,622 $ 10,585 $ 51,681 $ 29,761
Employee Stock Purchase Plan
Schedule of Valuation Assumptions Used in Estimating Fair Value and Awards Granted	The following table summarizes the valuation assumptions used in estimating the fair value of the 2022 ESPP for the offering period in effect using Black-Scholes option pricing model: Nine Months Ended September 30, 2023 Expected life (years) 0.5 — 2.0 Risk-free interest rate 4.33 % — 5.44 % Dividend yield —% Expected volatility 44.11 % — 51.19 %
Market-Based Performance Stock Units
Schedule of Valuation Assumptions Used in Estimating Fair Value and Awards Granted	The following assumptions were used to value the market-based PSUs granted during the period: Three Months Ended September 30, Nine Months Ended September 30, 2023 Expected life (years) 1.5 1.5 — 2.8 Risk-free interest rate 4.96 % 4.54 % — 4.96 % Dividend yield — % — % Expected volatility 46.14 % 46.14 % — 49.02 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of Operating Lease Costs	The components of operating lease costs were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Fixed lease cost (1) $ 4,996 $ 5,133 $ 15,479 $ 15,057 Variable lease cost 1,334 1,593 4,278 4,076 Less: sublease income ( 2,522 ) ( 2,293 ) ( 7,795 ) ( 7,105 ) Total operating lease cost $ 3,808 $ 4,433 $ 11,962 $ 12,028 (1) Includes short-term leases expensed on a straight-line basis.
Schedule of Supplemental Cash Flow Information arising from Lease Transactions	The following table presents supplemental cash flow information arising from lease transactions (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cash payments included in the measurement of operating lease liabilities $ 4,979 $ 4,982 $ 15,187 $ 14,882 Operating ROU assets obtained in exchange for lease obligations $ 978 $ 5,268 $ 4,991 $ 8,371
Schedule of Weighted-average Remaining Term of Operating Leases and Weighted-average of Discount Rate of Present Value of Operating Lease Liabilities	The weighted-average remaining term of the Company’s operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows: September 30, December 31, 2022 Weighted-average remaining lease term (in years) 3.47 3.69 Weighted-average discount rate 5.2 % 5.1 %
Schedule of Future Minimum Lease Payments and Related Lease Liabilities	Future minimum lease payments and related lease liabilities as of September 30, 2023 were as follows (in thousands): Year Ending December 31: Operating Lease Payments (1) Sublease Income Net Operating Lease Payments 2023 (remaining 3 months) $ 3,781 $ ( 1,958 ) $ 1,823 2024 18,399 ( 7,849 ) 10,550 2025 16,796 ( 7,671 ) 9,125 2026 8,827 ( 1,055 ) 7,772 2027 3,819 — 3,819 Thereafter 3,399 — 3,399 Total lease payments 55,021 $ ( 18,533 ) $ 36,488 Less: imputed interest ( 5,103 ) Present value of operating lease liabilities $ 49,918 Less: operating lease liabilities, current portion ( 15,421 ) Noncurrent operating lease liabilities $ 34,497 (1) Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.

The Company and Basis of Pres_2

The Company and Basis of Presentation - Additional Information (Details) $ / shares in Units, $ in Thousands		9 Months Ended	12 Months Ended
	Oct. 01, 2022 $ / shares shares	Sep. 30, 2023 USD ($) Business Segment $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Sep. 21, 2022 $ / shares
Organization Consolidation And Presentation [Line Items]
Common stock, par value (in dollars per share) | $ / shares		$ 0.001	$ 0.001
Common stock shares distributed | shares		43,387,000	42,066,000
Number of reportable business segments | Segment		1
Number of business category | Business		4
Long-term deferred tax liabilities		$ 12,246	$ 12,899
Other long-term liabilities		$ 10,507	12,990
Decrease deferred income tax			(7,700)
Increase accrued and other liabilities			7,700
Unrecognized Tax Benefits
Organization Consolidation And Presentation [Line Items]
Long-term deferred tax liabilities			(7,700)
Other long-term liabilities			$ 7,700
Xperi Holding
Organization Consolidation And Presentation [Line Items]
Number of independent publicly traded companies | Business		2
Number of intellectual property licensing business | Business		1
Number of product business | Business		1
Perceive Corporation
Organization Consolidation And Presentation [Line Items]
Ownership interest, percentage		77%
Spin-Off | Xperi Holding
Organization Consolidation And Presentation [Line Items]
Record date of outstanding common stock distribution for spinoff	Sep. 21, 2022
Number of shares received for every ten common stock shares held on record date | shares	4
Number of common stock shares considered as one unit for issue of shares in spinoff | shares	10
Common stock, par value (in dollars per share) | $ / shares	$ 0.001			$ 0.001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - Credit Concentration Risk - Customer	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Aggregate trade receivables
Summary of Significant Accounting Policies [Line Items]
Number of customers, concentration of risk disclosure	0	0
Aggregate trade receivables | Customer One
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage (or more)	10%	10%
Revenue
Summary of Significant Accounting Policies [Line Items]
Number of customers, concentration of risk disclosure	0		0

Revenue - Schedule of Revenue b

Revenue - Schedule of Revenue by Timing of Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 130,390	$ 121,637	$ 384,101	$ 366,728
Recognized over time
Disaggregation of Revenue [Line Items]
Total revenue	104,827	103,276	303,911	296,341
Recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	$ 25,563	$ 18,361	$ 80,190	$ 70,387

Revenue - Schedule of Revenue_2

Revenue - Schedule of Revenue by Product Category (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 130,390	$ 121,637	$ 384,101	$ 366,728
Pay TV
Disaggregation of Revenue [Line Items]
Total revenue	60,319	58,378	178,644	182,903
Consumer Electronics
Disaggregation of Revenue [Line Items]
Total revenue	32,298	33,561	100,749	101,145
Connected Car
Disaggregation of Revenue [Line Items]
Total revenue	23,393	20,224	67,415	60,798
Media Platform
Disaggregation of Revenue [Line Items]
Total revenue	$ 14,380	$ 9,474	$ 37,293	$ 21,882

Revenue - Schedule of Geographi

Revenue - Schedule of Geographic Revenue Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 130,390	$ 121,637	$ 384,101	$ 366,728
Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	100%	100%	100%	100%
U.S
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 69,382	$ 65,173	$ 203,674	$ 203,253
U.S | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	53%	54%	53%	55%
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 22,622	$ 13,801	$ 58,683	$ 45,844
Japan | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	17%	11%	15%	13%
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 6,813	$ 12,713	$ 28,850	$ 27,168
China | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	5%	11%	8%	7%
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 8,827	$ 10,722	$ 27,409	$ 29,458
Europe and Middle East | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	7%	9%	7%	8%
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 8,646	$ 5,310	$ 22,013	$ 20,588
Latin America | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	7%	4%	6%	6%
Asia and other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 14,100	$ 13,918	$ 43,472	$ 40,417
Asia and other | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	11%	11%	11%	11%

Revenue - Schedule of Contract

Revenue - Schedule of Contract Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Unbilled contracts receivable, net	$ 61,148	$ 65,251
Other current assets	504	848
Unbilled contracts receivable, noncurrent	21,926	4,289
Other noncurrent assets	719	978
Total contract assets	$ 84,297	$ 71,366

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Revenue Recognition [Line Items]
Deferred revenue, current and noncurrent	$ 45	$ 44.5
Total Revenue | Product Concentration Risk [Member] | Advertising
Revenue Recognition [Line Items]
Concentration Risk Percentage	10%
Total Revenue | Product Concentration Risk [Member] | NRE services
Revenue Recognition [Line Items]
Concentration Risk Percentage	10%
Total Revenue | Product Concentration Risk [Member] | Hardware Products
Revenue Recognition [Line Items]
Concentration Risk Percentage	10%

Revenue - Schedule of Revenue R

Revenue - Schedule of Revenue Recognized in Period (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Amounts included in deferred revenue at the beginning of the period		$ 4,003	$ 5,112	$ 16,269	$ 19,713
Performance obligations satisfied in previous periods (trueups, recoveries and settlements)	[1],[2]	$ 1,499	$ 4,435	$ 214	$ 25,301
[1] For the nine months ended September 30, 2022, the Company recorded revenue from both the settlement of a contract dispute with a large mobile imaging customer, and the execution of a long-term license agreement with the same large mobile imaging customer. The long-term license agreement was effective as of the expiration of the prior agreement, and the Company expected to record revenue from the license agreement in future periods. True ups represent the differences between the Company’s quarterly estimates of per-unit royalty revenue and actual production/sales-based royalties reported by licensees in the following period. Recoveries represent corrections or revisions to previously reported per-unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits. Settlements represent resolutions of litigation or disputes during the period for past royalties owed.

Revenue - Schedule of Remaining

Revenue - Schedule of Remaining Performance Obligations (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 92,532
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-10-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 22,110
Performance obligations expected to be satisfied, expected timing	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 40,542
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 19,799
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 6,017
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 2,111
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2028-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 1,953
Performance obligations expected to be satisfied, expected timing	1 year

Revenue - Schedule of Remaini_2

Revenue - Schedule of Remaining Performance Obligations (Details 1) $ in Thousands	Sep. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 92,532

Revenue - Schedule of Allowance

Revenue - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accounts Receivable
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	$ 2,212	$ 1,805	$ 1,950	$ 2,245
Provision for credit losses	166	99	488	69
Recoveries/charge-off	(121)	(133)	(181)	(543)
Ending balance	2,257	1,771	2,257	1,771
Unbilled Contracts Receivable
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	325	306	369	480
Provision for credit losses	66	7	22	(167)
Recoveries/charge-off	(176)		(176)
Ending balance	$ 215	$ 313	$ 215	$ 313

Composition of Certain Financ_3

Composition of Certain Financial Statement Captions - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid Income Tax	$ 1,758	$ 1,777
Prepaid expenses	19,572	20,001
Finished goods inventory	8,460	6,662
Other	9,156	13,734
Total	$ 38,946	$ 42,174

Composition of Certain Financ_4

Composition of Certain Financial Statement Captions - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 127,248	$ 119,645
Less: accumulated depreciation and amortization	(82,648)	(71,818)
Property and equipment, net	44,600	47,827
Equipment, furniture and other
Property, Plant and Equipment [Line Items]
Total property and equipment	87,120	78,976
Building and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	18,331	18,331
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	5,300	5,300
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 16,497	$ 17,038

Composition of Certain Financ_5

Composition of Certain Financial Statement Captions - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023		Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Employee compensation and benefits	$ 43,163		$ 53,546
Third-party royalties	9,885		7,620
Accrued expenses	22,439		22,928
Current portion of operating lease liabilities	$ 15,421	[1]	$ 17,195
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total		Total
Accrued income tax	$ 4,196		$ 4,926
Other	14,820		3,799
Total	$ 109,924		$ 110,014
[1] Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.

Composition of Certain Financ_6

Composition of Certain Financial Statement Captions - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 414,410	$ 1,014,347	$ 448,986	$ 1,015,957
Other comprehensive (loss) income before reclassification	(1,965)	(914)	(692)	(4,363)
Amounts reclassified from accumulated other comprehensive loss into net loss	(354)		(682)
Net current period other comprehensive (loss) income	(2,319)	(914)	(1,374)	(4,363)
Ending balance	386,455	731,163	386,455	731,163
Unrealized Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	759		(94)
Other comprehensive (loss) income before reclassification	(1,919)		(738)
Amounts reclassified from accumulated other comprehensive loss into net loss	(354)		(682)
Net current period other comprehensive (loss) income	(2,273)		(1,420)
Ending balance	(1,514)		(1,514)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(3,933)	(4,125)	(4,025)	(676)
Other comprehensive (loss) income before reclassification	(46)	(914)	46	(4,363)
Net current period other comprehensive (loss) income	(46)	(914)	46	(4,363)
Ending balance	(3,979)	(5,039)	(3,979)	(5,039)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(3,174)	(4,125)	(4,119)	(676)
Ending balance	$ (5,493)	$ (5,039)	$ (5,493)	$ (5,039)

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Undesignated Derivative Instruments
Schedule Of Investments [Line Items]
Gains on derivatives	$ 200,000		$ 500,000
TiVo Merger | Non-marketable Equity Securities
Schedule Of Investments [Line Items]
Equity securities accounted for under equity method	4,600,000		4,600,000		$ 4,400,000
Impairment charges related to non-marketable equity securities	$ 0	$ 0	$ 0	$ 0

Financial Instruments - Schedul

Financial Instruments - Schedule of Notional and Fair Values of All Derivative Instruments (Details) - Foreign Exchange Contracts - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Designated Derivative Instruments | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Accrued liabilities	$ 1,216	$ 94
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Notional value held to buy U.S. dollars in exchange for other currencies	$ 1,094
Notional value held to sell U.S. dollars in exchange for other currencies	$ 66,244	$ 52,197
Undesignated Derivative Instruments
Derivatives, Fair Value [Line Items]
Accrued liabilities		$ 41
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]		Accrued Liabilities, Current
Notional value held to sell U.S. dollars in exchange for other currencies		$ 7,402

Financial Instruments - Sched_2

Financial Instruments - Schedule of Gross Amounts of Foreign Currency Forward Contracts (Details) - Foreign Exchange Contracts - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Gross amount of recognized assets	$ 218
Gross amount of recognized liabilities	(1,434)	$ (135)
Net liability presented in the Consolidated Balance Sheets	$ (1,216)	$ (135)

Financial Instruments - Summary

Financial Instruments - Summary of the Gains Recognized upon Settlement of the Hedged Transactions (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Derivatives, Fair Value [Line Items]
Gain on fair value hedges	$ 387	$ 864
Research and development
Derivatives, Fair Value [Line Items]
Gain on fair value hedges	307	721
Selling, general and administrative
Derivatives, Fair Value [Line Items]
Gain on fair value hedges	$ 80	$ 143

Fair Value - Schedule of Carryi

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values (Details) - Recurring - Senior Unsecured Promissory Note - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	$ 50,000	$ 50,000
Total long-term debt, net - Estimated Fair Value	$ 48,788	$ 48,478

Business Combination - Addition

Business Combination - Additional Information (Details) - Vewd $ in Thousands	Jul. 01, 2022 USD ($)
Business Acquisition [Line Items]
Purchase price	$ 102,913
Cash included in the total consideration	52,900
Debt included in the total consideration	$ 50,000

Business Combination - Schedule

Business Combination - Schedule of Purchase Price Allocation (Details) - Vewd $ in Thousands	Jul. 01, 2022 USD ($)
Business Acquisition [Line Items]
Cash and cash equivalents	$ 2,684
Accounts receivable	3,341
Unbilled contracts receivable	2,335
Other current assets	1,208
Property and equipment	443
Operating lease right-of-use assets	2,020
Identifiable intangible assets:
Identifiable intangible assets	38,150
Goodwill	68,115
Other long-term assets	977
Accounts payable	(869)
Accrued liabilities	(4,777)
Deferred revenue	(920)
Long-term deferred tax liabilities	(8,393)
Noncurrent operating lease liabilities	(1,094)
Other long-term liabilities	(307)
Total purchase price	$ 102,913
Technology
Business Acquisition [Line Items]
Estimated Useful Life (years)	7 years
Identifiable intangible assets:
Identifiable intangible assets	$ 28,050
Customer Relationships - Large
Business Acquisition [Line Items]
Estimated Useful Life (years)	7 years
Identifiable intangible assets:
Identifiable intangible assets	$ 4,900
Customer Relationships - Small
Business Acquisition [Line Items]
Estimated Useful Life (years)	4 years
Identifiable intangible assets:
Identifiable intangible assets	$ 3,500
Non-competition agreements
Business Acquisition [Line Items]
Estimated Useful Life (years)	2 years
Identifiable intangible assets:
Identifiable intangible assets	$ 870
Trade name
Business Acquisition [Line Items]
Estimated Useful Life (years)	5 years
Identifiable intangible assets:
Identifiable intangible assets	$ 830

Business Combination - Schedu_2

Business Combination - Schedule of Unaudited Pro Forma Financial Information (Details) - MobiTV - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Business Acquisition [Line Items]
Revenue	$ 121,637	$ 373,057
Net loss attributable to the Company	$ (394,691)	$ (468,457)

Goodwill And Intangible Asset_3

Goodwill And Intangible Assets, Net - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 Days
Goodwill and Intangible Assets Disclosure [Abstract]
Number of trading days | Days				10
Goodwill impairment charge | $	$ 250,600	$ 354,000	$ 354,000

Goodwill And Intangible Asset_4

Goodwill And Intangible Assets, Net - Identified Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 829,829	$ 829,385
Finite-lived intangible assets, Gross Assets	808,429	807,985
Finite-lived intangible assets, Accumulated Amortization	(609,473)	(565,009)
Intangible assets, net	220,356	264,376
Finite-lived intangible assets, Net	198,956	242,976
TiVo tradename/trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, Gross Assets	21,400	21,400
Indefinite-lived intangible assets, Net	21,400	21,400
Acquired patents
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	22,189	22,189
Finite-lived intangible assets, Accumulated Amortization	(7,833)	(6,175)
Finite-lived intangible assets, Net	$ 14,356	$ 16,014
Acquired patents | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	3 years	3 years
Acquired patents | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years	10 years
Existing technology / content database
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 241,135	$ 240,894
Finite-lived intangible assets, Accumulated Amortization	(200,281)	(190,671)
Finite-lived intangible assets, Net	$ 40,854	$ 50,223
Existing technology / content database | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	5 years	5 years
Existing technology / content database | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years	10 years
Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 502,391	$ 502,188
Finite-lived intangible assets, Accumulated Amortization	(365,086)	(335,981)
Finite-lived intangible assets, Net	$ 137,305	$ 166,207
Customer contracts and related relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	3 years	3 years
Customer contracts and related relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	9 years	9 years
Trademarks/trade name
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 39,613	$ 39,613
Finite-lived intangible assets, Accumulated Amortization	(33,498)	(29,733)
Finite-lived intangible assets, Net	$ 6,115	$ 9,880
Trademarks/trade name | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	4 years	4 years
Trademarks/trade name | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years	10 years
Non-competition agreements
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 3,101	$ 3,101
Finite-lived intangible assets, Accumulated Amortization	(2,775)	(2,449)
Finite-lived intangible assets, Net	$ 326	$ 652
Non-competition agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	1 year	1 year
Non-competition agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	2 years	2 years

Goodwill And Intangible Asset_5

Goodwill And Intangible Assets, Net - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023 (remaining 3 months)	$ 13,401
2024	43,357
2025	34,810
2026	31,479
2027	30,636
Thereafter	45,273
Finite-lived intangible assets, Net	$ 198,956	$ 242,976

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
	Jul. 01, 2022	Sep. 30, 2023	Sep. 30, 2023
Promissory Note
Line Of Credit Facility [Line Items]
Interest expense		$ 0.7	$ 2.2
Vewd | Promissory Note
Line Of Credit Facility [Line Items]
Debt instrument, principal amount	$ 50
Interest rate	6%
Debt instrument, basis spread on variable rate	2%
Debt instrument, maturity date	Jul. 01, 2025
2021 Convertible Notes
Line Of Credit Facility [Line Items]
Long-Term Debt		$ 50	$ 50

Net Loss Per Share - Additional

Net Loss Per Share - Additional Information (Details) - $ / shares	Oct. 01, 2022	Sep. 30, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, shares issued (in shares)		43,387,000	42,066,000
Common stock, par value		$ 0.001	$ 0.001
Spin-Off | Xperi Inc.
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, shares issued (in shares)	42,023,632
Common stock, par value	$ 0.001
Record date of outstanding common stock distribution for spinoff	Sep. 21, 2022

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net loss attributable to the Company - basic	$ (41,426)	$ (400,802)	$ (111,821)	$ (460,454)
Net loss attributable to the Company - diluted	$ (41,426)	$ (400,802)	$ (111,821)	$ (460,454)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to the Company - basic	43,316	42,024	42,774	42,024
Weighted-average number of shares used to compute net loss per share attributable to the Company - diluted	43,316	42,024	42,774	42,024
Net loss per share attributable to the Company - basic	$ (0.96)	$ (9.54)	$ (2.61)	$ (10.96)
Net loss per share attributable to the Company - diluted	$ (0.96)	$ (9.54)	$ (2.61)	$ (10.96)

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Potentially Dilutive Shares Were Excluded From Calculation of Diluted Net Loss Per Share (Details) - shares shares in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	7,809	7,809
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	119	119
Restricted Stock Awards and Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	7,260	7,260
ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	430	430

Stockholders' Equity And Stoc_3

Stockholders' Equity And Stock-Based Compensation (Additional Information) (Details) - USD ($)			3 Months Ended			9 Months Ended
	Sep. 27, 2023	May 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense recognized			$ 17,622,000		$ 10,585,000	$ 51,681,000	$ 29,761,000
Number of shares, options granted						0
Employee Stock Purchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiration period						24 months
Maximum employee subscription rate	100%		100%			100%
Purchase price of common stock, percent						85%
Maximum employee subscription amount			$ 25,000,000			$ 25,000,000
Rolling expiration period	24 months					24 months
Number of shares issued		644,342,000
Aggregate net proceeds from ESPP		$ 5,900,000
Stock-based compensation expense recognized			$ 1,328,000		584,000	$ 3,701,000	2,391,000
Performance Shares | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Grant Available To Vest						0%
Performance Shares | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Grant Available To Vest						200%
Former Parents PSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Incremental compensation expense modification, description						During the second quarter of 2023, in accordance with the Employee Matters Agreement executed by the Company and the Former Parent in connection with the Separation, the Company modified certain vesting conditions related to market-based PSUs granted in 2022, resulting in a total incremental compensation expense of $2.9 million, which will be recognized over the remaining requisite service period through April 2025.
Incremental compensation expense recognized over requisite service period through 2025				$ 2,900,000
Corporate and Shared Functional Employees
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense recognized					$ 2,400,000		$ 6,900,000
2022 EIP
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expiration period						10 years
Vesting period						4 years
Shares reserved for grant (in shares)			4,100,000			4,100,000
2022 EIP | Performance Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period						3 years
2022 EIP | Time-based Awards | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period						3 years
2022 EIP | Time-based Awards | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period						4 years
Amendment 2022 ESPP | Employee Stock Purchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Maximum employee subscription rate	15%
Rolling expiration period	12 months

Stockholders' Equity And Stoc_4

Stockholders' Equity And Stock-Based Compensation - Schedule of Valuation Assumptions Used in Estimating Fair Value and Awards Granted (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate, minimum		4.33%
Risk-free interest rate, maximum		5.44%
Expected volatility, minimum		44.11%
Expected volatility, maximum		51.19%
Employee Stock Purchase Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)		6 months
Employee Stock Purchase Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)		2 years
Market-Based Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)	1 year 6 months
Risk-free interest rate	4.96%
Expected volatility	46.14%
Market-Based Performance Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)		2 years 9 months 18 days
Risk-free interest rate		4.96%
Expected volatility		49.02%
Market-Based Performance Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)		1 year 6 months
Risk-free interest rate		4.54%
Expected volatility		46.14%

Stockholder's Equity And Stock-

Stockholder's Equity And Stock-Based Compensation - Summary of Stock Option Activity (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Number of Shares Subject to Options
Number of Shares, Beginning balance (shares) | shares	146
Number of Shares, Options canceled / forfeited / expired (shares) | shares	(27)
Number of Shares, Ending balance (shares) | shares	119
Weighted Average Exercise Price Per Share
Weighted Average Exercise Price Per Share, Beginning balance (USD per share) | $ / shares	$ 25.48
Weighted Average Exercise Price Per Share, Options canceled / forfeited / expired (USD per share) | $ / shares	21.42
Weighted Average Exercise Price Per Share, Ending balance (USD per share) | $ / shares	$ 26.39

Stockholder's Equity And Stoc_2

Stockholder's Equity And Stock-Based Compensation - Summary of Restricted Stock Awards and Units (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Time Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock units, beginning balance (shares)	3,713
Granted	3,137
Vested / released	(1,058)
Canceled / forfeited	(218)
Restricted stock units, ending balance (shares)	5,574
Performance Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock units, beginning balance (shares)	891
Granted	1,008
Canceled / forfeited	(213)
Restricted stock units, ending balance (shares)	1,686
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock units, beginning balance (shares)	4,604
Granted	4,145
Vested / released	(1,058)
Canceled / forfeited	(431)
Restricted stock units, ending balance (shares)	7,260
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value per share of restricted stock units, beginning balance (USD per share) | $ / shares	$ 20.35
Weighted average grant date fair value per share of restricted stock units, granted (USD per share) | $ / shares	11.67
Weighted average grant date fair value per share of restricted stock units, vested / earned (USD per share) | $ / shares	19.47
Weighted average grant date fair value of restricted stock units, canceled / forfeited (USD per share) | $ / shares	21.22
Weighted average grant date fair value per share of restricted stock units, ending balance (USD per share) | $ / shares	$ 15.47

Stockholder's Equity And Stoc_3

Stockholder's Equity And Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 17,622	$ 10,585	$ 51,681	$ 29,761
Cost of revenue, excluding depreciation and amortization of intangible assets
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	806	779	2,525	2,177
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	6,584	5,515	18,540	16,295
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 10,232	$ 4,291	$ 30,616	$ 11,289

Stockholder's Equity And Stoc_4

Stockholder's Equity And Stock-Based Compensation - Stock-Based Compensation Expense Categorized by Award Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation expense	$ 17,622	$ 10,585	$ 51,681	$ 29,761
Employee Stock Purchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation expense	1,328	584	3,701	2,391
Restricted Stock and Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation expense	$ 16,294	$ 10,001	$ 47,980	$ 27,370

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Provision for (benefit from) income taxes	$ 9,685,000	$ 2,024,000	$ 14,481,000	$ 12,500,000
Effective tax rate (percent)	(29.90%)	(0.50%)	(14.50%)	(2.80%)
Income (loss) before taxes	$ (32,387,000)	$ (399,668,000)	$ (99,894,000)	$ (450,660,000)
Decrease in gross unrecognized tax benefits			100,000
Gross unrecognized tax benefits	19,300,000		19,300,000
Unrecognized tax benefits that would impact the effective income tax rate	8,700,000		8,700,000
Interest and tax penalties related to unrecognized tax benefits	$ 0		$ 0
Income tax examination description			As of September 30, 2023, the Company’s 2018 through 2023 tax years are generally open and subject to potential examination in one or more jurisdictions. In addition, in the United States, any net operating losses or credits that were generated in prior years but not yet fully utilized in a year that is closed under the statute of limitations may also be subject to examinatio

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Lessee Lease Description [Line Items]
Operating lease existence of option to renew	true
Operating lease description	The Company leases office and research facilities, data centers and office equipment under operating leases with various expiration dates through 2030. Certain leases offer the option to renew for up to ten years and to terminate before the expiration date. Leases with an initial term of 12 months or less are not recorded on the balance sheets
Impairment charges on operating lease ROU assets and property and equipment including leasehold impariments	$ 1.1
Maximum
Lessee Lease Description [Line Items]
Lessee term of period to renew	10 years

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Fixed lease cost	[1]	$ 4,996	$ 5,133	$ 15,479	$ 15,057
Variable lease cost		1,334	1,593	4,278	4,076
Less: sublease income		(2,522)	(2,293)	(7,795)	(7,105)
Total operating lease cost		$ 3,808	$ 4,433	$ 11,962	$ 12,028
[1] Includes short-term leases expensed on a straight-line basis.

Leases - Schedule Of Cash Flow

Leases - Schedule Of Cash Flow Supplemental Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Cash payments included in the measurement of operating lease liabilities	$ 4,979	$ 4,982	$ 15,187	$ 14,882
Operating ROU assets obtained in exchange for lease obligations	$ 978	$ 5,268	$ 4,991	$ 8,371

Leases - Schedule of Weighted-a

Leases - Schedule of Weighted-average Remaining Term of Operating Leases and Weighted-average of Discount Rate of Present Value of Operating Lease Liabilities (Details)	Sep. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted-average remaining lease term ( in years)	3 years 5 months 19 days	3 years 8 months 8 days
Weighted-average discount rate	5.20%	5.10%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments and Related Lease Liabilities (Details) - USD ($) $ in Thousands		Sep. 30, 2023		Dec. 31, 2022
Operating Lease Payments
2023 (remaining 3 months)		$ 3,781
2024		18,399
2025		16,796
2026		8,827
2027		3,819
Thereafter		3,399
Total lease payments	[1]	55,021
Less: imputed interest	[1]	(5,103)
Present value of lease liabilities:	[1]	49,918
Less: current obligations under leases (accrued liabilities)		(15,421)	[1]	$ (17,195)
Operating lease liabilities, noncurrent		34,497	[1]	$ 42,666
Sublease Income
2023 (remaining 3 months)		(1,958)
2024		(7,849)
2025		(7,671)
2026		(1,055)
Total lease payments		(18,533)
Net Operating Lease Payments
2023 (remaining 3 months)		1,823
2024		10,550
2025		9,125
2026		7,772
2027		3,819
Thereafter		3,399
Total lease payments		$ 36,488
[1] Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Commitments And Contingencies Disclosure [Line Items]
Purchase commitments	$ 87.4
Other Contractual Arrangements
Commitments And Contingencies Disclosure [Line Items]
Contractual obligation expected payment period	3 years
Other Contractual Arrangements | Maximum
Commitments And Contingencies Disclosure [Line Items]
Contractual obligation	$ 5.3
Inventory
Commitments And Contingencies Disclosure [Line Items]
Purchase commitments	$ 0.6

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Depreciation expense	$ 4,248	$ 4,990	$ 12,543	$ 15,697
Selling, general and administrative	$ 59,620	56,702	$ 173,893	156,894
Parent
Related Party Transaction [Line Items]
Amount of allocations from parent		16,800		47,600
Depreciation expense		800		3,000
Selling, general and administrative		$ 16,000		$ 44,600