Xperi (XPER) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 30, 2024
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	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,806,972
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 119,591	$ 126,872	$ 238,435	$ 253,711
Operating expenses:
Cost of revenue, excluding depreciation and amortization of intangible assets	28,953	30,856	58,709	58,648
Research and development	45,123	55,701	95,562	110,557
Selling, general and administrative	53,102	56,497	109,455	114,273
Depreciation expense	3,278	4,202	6,862	8,295
Amortization expense	11,042	14,798	22,081	29,625
Impairment of long-lived assets				1,096
Total operating expenses	141,498	162,054	292,669	322,494
Operating loss	(21,907)	(35,182)	(54,234)	(68,783)
Interest and other income, net	1,290	1,658	2,332	2,766
Interest expense - debt	(748)	(750)	(1,496)	(1,490)
Gain on divestiture			22,934
Loss before taxes	(21,365)	(34,274)	(30,464)	(67,507)
Provision for income taxes	9,266	5,090	13,538	4,796
Net loss	(30,631)	(39,364)	(44,002)	(72,303)
Less: net loss attributable to noncontrolling interest	(332)	(969)	(583)	(1,908)
Net loss attributable to the Company	$ (30,299)	$ (38,395)	$ (43,419)	$ (70,395)
Loss per share attributable to the Company:
Basic loss per share	$ (0.67)	$ (0.9)	$ (0.97)	$ (1.66)
Diluted loss per share	$ (0.67)	$ (0.9)	$ (0.97)	$ (1.66)
Weighted-average number of shares used in net loss per share calculations - basic	45,331	42,770	44,926	42,499
Weighted-average number of shares used in net loss per share calculations - diluted	45,331	42,770	44,926	42,499

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (30,631)	$ (39,364)	$ (44,002)	$ (72,303)
Other comprehensive loss:
Change in foreign currency translation adjustment	59	(521)	(325)	92
Unrealized (loss) gain on cash flow hedges	(396)	(10)	(1,187)	853
Comprehensive loss	(30,968)	(39,895)	(45,514)	(71,358)
Less: comprehensive loss attributable to noncontrolling interest	(332)	(969)	(583)	(1,908)
Comprehensive loss attributable to the Company	$ (30,636)	$ (38,926)	$ (44,931)	$ (69,450)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024		Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 92,481			$ 142,085
Accounts receivable, net	56,866			55,984
Unbilled contracts receivable, net	80,679			64,114
Prepaid expenses and other current assets	36,365			38,874
Assets held for sale				15,860
Total current assets	266,391			316,917
Note receivable, noncurrent	28,571
Deferred consideration from divestiture	6,267
Unbilled contracts receivable, noncurrent	23,504			18,231
Property and equipment, net	42,241			41,569
Operating lease right-of-use assets	34,756			39,900
Intangible assets, net	184,898			206,895	[1]
Deferred tax assets	4,950			5,093
Other noncurrent assets	27,669			32,781
Assets held for sale, noncurrent				12,249
Total assets	619,247			673,635
Current liabilities:
Accounts payable	14,314			20,849
Accrued liabilities	90,469			109,961
Deferred revenue	27,728			28,111
Liabilities held for sale				6,191
Total current liabilities	132,511			165,112
Long-term debt	50,000			50,000
Deferred revenue, noncurrent	22,455			19,425
Operating lease liabilities, noncurrent	24,401	[2]		30,598
Deferred tax liabilities	7,003			6,983
Other noncurrent liabilities	12,797			4,577
Liabilities held for sale, noncurrent				9,805
Total liabilities	249,167			286,500
Commitments and contingencies (Note 13)
Equity:
Preferred stock: $0.001 par value; 6,000 shares authorized as of June 30, 2024 and December 31, 2023; no shares issued and outstanding as of June 30, 2024 and December 31, 2023
Common stock: $0.001 par value; 140,000 shares authorized as of June 30, 2024 and December 31, 2023; 45,746 and 44,211 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	46			44
Additional paid-in capital	1,241,931			1,212,501
Accumulated other comprehensive loss	(4,377)			(2,865)
Accumulated deficit	(848,867)			(805,448)
Total Company stockholders' equity	388,733			404,232
Noncontrolling interest	(18,653)			(17,097)
Total equity	370,080		$ 381,757	387,135
Total liabilities and equity	$ 619,247			$ 673,635
[1] Total intangible assets excluded certain finite-lived intangible assets with a gross amount of $ 35.2 million, which were fully amortized and classified as held for sale as of December 31, 2023 in connection with the Divestiture (as described in Note 6 — Divestiture ). 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	Jun. 30, 2024	Dec. 31, 2023
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)	45,746,000	44,211,000
Common stock, shares outstanding (in shares)	45,746,000	44,211,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss		$ (44,002)	$ (72,303)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain from divestiture		(22,934)
Depreciation of property and equipment		6,862	8,295
Amortization of intangible assets		22,081	29,625
Stock-based compensation expense		30,060	34,059
Impairment of long-lived assets			1,096
Deferred income taxes		163	(736)
Other		(2,001)	(105)
Changes in operating assets and liabilities:
Accounts receivable		(2,903)	(11,480)
Unbilled contracts receivable		(22,027)	(7,324)
Prepaid expenses and other assets		4,909	1,106
Accounts payable		(5,360)	(4,691)
Accrued and other liabilities		(19,404)	(20,428)
Deferred revenue		2,635	(1,743)
Net cash used in operating activities		(51,921)	(44,629)
Cash flows from investing activities:
Purchases of property and equipment		(2,307)	(2,470)
Capitalized internal-use software		(5,825)	(3,638)
Purchases of intangible assets		(84)	(91)
Net cash used in divestiture		(227)
Net cash used in investing activities		(8,443)	(6,199)
Cash flows from financing activities:
Proceeds from issuance of common stock under employee stock purchase plan		4,328	5,850
Withholding taxes related to net share settlement of equity awards		(5,929)	(3,127)
Net cash (used in) provided by financing activities		(1,601)	2,723
Effect of exchange rate changes on cash and cash equivalents		12	137
Net decrease in cash and cash equivalents		(61,953)	(47,968)
Cash and cash equivalents at beginning of period	[1]	154,434	160,127
Cash and cash equivalents at end of period		92,481	112,159
Supplemental disclosure of cash flow information:
Income taxes paid, net of refunds		9,204	10,109
Interest paid		1,504	$ 1,496
Noncash Investing and Financing Items [Abstract]
Note receivable in exchange for consideration from divestiture		27,676
Deferred Consideration from Divestiture		5,854
Costs capitalized for internal-use software included in accrued liabilities		$ 743
[1] Includes $ 12.3 million of cash and cash equivalents classified as held for sale at December 31, 2023.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) $ in Millions	Dec. 31, 2023 USD ($)
Statement of Cash Flows [Abstract]
Cash and cash equivalents classified as held for sale	$ 12.3

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Noncontrolling Interest
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			(11)			11
Vesting of restricted stock units, net of tax withholding	(3,127)		(3,127)
Vesting of restricted stock units, net of tax withholding (in shares)		503,000
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	34,059		34,059
Foreign currency translation adjustment	92			92
Unrealized gain (loss) on cash flow hedges	853			853
Net loss	(72,303)				(70,395)	(1,908)
Ending balance at Jun. 30, 2023	414,410	$ 43	1,173,100	(3,174)	(739,230)	(16,329)
Ending balance (in shares) at Jun. 30, 2023		43,213,000
Beginning balance at Mar. 31, 2023	430,574	$ 42	1,149,370	(2,643)	(700,835)	(15,360)
Beginning balance (in shares) at Mar. 31, 2023		42,497,000
Vesting of restricted stock units, net of tax withholding	(210)		(210)
Vesting of restricted stock units, net of tax withholding (in shares)		72,000
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	18,091		18,091
Foreign currency translation adjustment	(521)			(521)
Unrealized gain (loss) on cash flow hedges	(10)			(10)
Net loss	(39,364)				(38,395)	(969)
Ending balance at Jun. 30, 2023	414,410	$ 43	1,173,100	(3,174)	(739,230)	(16,329)
Ending balance (in shares) at Jun. 30, 2023		43,213,000
Beginning balance at Dec. 31, 2023	387,135	$ 44	1,212,501	(2,865)	(805,448)	(17,097)
Beginning balance (in shares) at Dec. 31, 2023		44,211,000
Change in ownership interest of the Company			973			(973)
Vesting of restricted stock units, net of tax withholding	(5,929)	$ 1	(5,930)
Vesting of restricted stock units, net of tax withholding (in shares)		957,000
Issuance of common stock under employee stock purchase plan	4,328	$ 1	4,327
Issuance of common stock under employee stock purchase plan (in shares)		578,000
Stock-based compensation	30,060		30,060
Foreign currency translation adjustment	(325)			(325)
Unrealized gain (loss) on cash flow hedges	(1,187)			(1,187)
Net loss	(44,002)				(43,419)	(583)
Ending balance at Jun. 30, 2024	370,080	$ 46	1,241,931	(4,377)	(848,867)	(18,653)
Ending balance (in shares) at Jun. 30, 2024		45,746,000
Beginning balance at Mar. 31, 2024	381,757	$ 45	1,221,709	(4,040)	(818,568)	(17,389)
Beginning balance (in shares) at Mar. 31, 2024		45,031,000
Change in ownership interest of the Company			932			(932)
Vesting of restricted stock units, net of tax withholding	(340)		(340)
Vesting of restricted stock units, net of tax withholding (in shares)		137,000
Issuance of common stock under employee stock purchase plan	4,328	$ 1	4,327
Issuance of common stock under employee stock purchase plan (in shares)		578,000
Stock-based compensation	15,303		15,303
Foreign currency translation adjustment	59			59
Unrealized gain (loss) on cash flow hedges	(396)			(396)
Net loss	(30,631)				(30,299)	(332)
Ending balance at Jun. 30, 2024	$ 370,080	$ 46	$ 1,241,931	$ (4,377)	$ (848,867)	$ (18,653)
Ending balance (in shares) at Jun. 30, 2024		45,746,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (30,299)	$ (38,395)	$ (43,419)	$ (70,395)

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Summary of Significant Accounting Policies	NOTE 1 – DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Xperi Inc. (“Xperi” or the “Company”) is a leading consumer and entertainment technology company. The Company creates extraordinary experiences at home and on the go for millions of consumers around the world, enabling audiences to connect with content in a way that is more intelligent, immersive, and personal. Powering smart devices, connected cars, entertainment experiences and more, the Company brings together ecosystems designed to reach highly-engaged consumers, allowing it and its ecosystem partners to uncover significant new business opportunities, now and in the future. The Company’s technologies are integrated into consumer devices and a variety of media platforms worldwide, driving increased value for its partners, customers, and consumers. The Company operates in one reportable business segment and groups its business into four categories: Pay-TV, Consumer Electronics, Connected Car and Media Platform. 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 “Separation Date”), 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 Former Parent stockholder of record received four shares of Xperi common stock, $ 0.001 par value, for every ten shares of the Former Parent’s 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, the Former Parent was renamed and continues as Adeia Inc. and also changed its stock symbol to “ADEA” on the Nasdaq Global Select Market. Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The Company’s financial statements were prepared on a consolidated basis and include the accounts of the Company and its wholly owned subsidiaries, as well as an entity in which the Company has a controlling financial interest. All intercompany accounts and transactions have been eliminated in consolidation. In the fourth quarter of 2018, the Company funded a new subsidiary, Perceive Corporation (“Perceive”), which was created to focus on edge inference hardware and software technologies. As of June 30, 2024, the Company owned approximately 76.2 % of the outstanding equity interest of Perceive. Unaudited Interim Financial Statements The accompanying unaudited interim condensed consolidated financial statements are presented in accordance with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. The amounts as of December 31, 2023 have been derived from the Company’s annual audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2023, filed on March 1, 2024 (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 interim 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 unaudited interim condensed consolidated financial statements should be read in conjunction with the Form 10-K. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024 or any future period and the Company makes no representations related thereto. 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 fair value of note receivable and deferred consideration in connection with the Divestiture (as described in Note 6— Divestiture ), capitalization of internal-use software, loss contingencies related to indemnification liability, the assessm ent 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 valuation of performance-based awards with a market condition. 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, accounts receivable, unbilled contracts receivable, a note receivable and deferred consideration from divestiture. 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 and unbilled contracts receivable are substantially mitigated by its evaluation processes 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 was one individually significant customer with revenue exceeding 10% of total revenue for the three months ended June 30, 2024, whereas no single customer exceeded 10% of total revenue in all other comparative periods presented . As of June 30, 2024 and December 31, 2023, no si ngle custome r represented 10 % or more of the Company’s net balance of accounts receivable. As described in Note 6, in the first quarter of 2024, the Company received a note receivable and deferred consideration from Tobii AB (“Tobii”) as part of the consideration for divesting its AutoSense in-cabin safety business and related imaging solutions (the “Divestiture”). Both of these instruments are potentially exposed to credit risk arising from default on repayment from Tobii. The credit risk associated with the note receivable is mitigated by establishing a floating lien and security interest in certain of Tobii’s assets, rights, and properties, whereas the deferred consideration is not secured by any collateral. The Company uses certain techniques, such as internally generated cash flow projections on the principal and interest of each instrument, to determine the likelihood that the note receivable or deferred consideration will be repaid. Further, the Company assesses each instrument for credit losses and provides a reserve when full payment on the instruments may not occur as expected. Based on the results of the internally generated cash flow projections, the Company expects Tobii to make full payment on both instruments in accordance with the underlying agreement. Accordingly, no allowance for credit losses was recorded as of June 30, 2024. Recent Accounting Pronouncements Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standard Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires significant segment expenses and other segment related items to be disclosed on an interim and annual basis. The new disclosure requirements are also applicable to companies with a single reportable segment. This guidance is effective on a retrospective basis for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on the disclosures within its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires disclosure of specific categories in the effective tax rate reconciliation and additional information for reconciling items that meet a quantitative threshold and further disaggregation of income taxes paid for individually significant jurisdictions. This guidance is effective on a prospective or retrospective basis for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on the disclosures within its consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 2 – 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 standalone selling price (“SSP”) basis. The determination of SSP considers market conditions, the size and scope of the contract, customer and geographic information, and other factors. When observable prices are not available, SSP 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 video-over-broadband (“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. There are certain fixed fee on-premise licensed software arrangements where revenue is recognized immediately upon the delivery of the licensed technology. Hosted solutions and access to our platform is considered a single performance obligation with revenue being recognized over the period the solution is provided. Consumer Electronics The Company licenses its audio 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. If applicable, revenue is recognized 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 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 is made toward completion, 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. 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 licensing contracts, hardware products, advertising and settlements/recoveries. The following table summarizes revenue by timing of recognition (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Recognized over time $ 87,173 $ 98,870 $ 183,855 $ 199,083 Recognized at a point in time 32,418 28,002 54,580 54,628 Total revenue $ 119,591 $ 126,872 $ 238,435 $ 253,711 The following table summarizes revenue by product category (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Pay-TV $ 60,752 $ 58,031 $ 117,558 $ 118,325 Consumer Electronics 17,164 31,716 43,292 68,451 Connected Car 31,423 23,474 55,771 44,022 Media Platform 10,252 13,651 21,814 22,913 Total revenue $ 119,591 $ 126,872 $ 238,435 $ 253,711 The following table summarizes revenue by geographic location (in thousands): Three Months Ended June 30, 2024 2023 U.S. $ 55,832 47 % $ 69,133 54 % Japan 13,873 11 18,566 15 South Korea 16,653 14 6,354 5 Europe and Middle East 9,467 8 8,416 7 Latin America 13,000 11 6,744 5 China 3,545 3 10,527 8 Other 7,221 6 7,132 6 Total revenue $ 119,591 100 % $ 126,872 100 % Six Months Ended June 30, 2024 2023 U.S. $ 115,631 48 % $ 134,292 53 % Japan 25,910 11 36,061 14 South Korea 23,599 10 14,410 6 Europe and Middle East 22,942 10 18,582 7 Latin America 19,917 8 13,367 5 China 16,332 7 22,037 9 Other 14,104 6 14,962 6 Total revenue $ 238,435 100 % $ 253,711 100 % A significant portion of the Company’s revenue is derived from licensees headquartered outside of the U.S., principally in Asia, Europe, 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 A contract asset represents a right to consideration that is conditional upon factors other than the passage of time. Contract assets primarily consist of unbilled contracts receivable that are expected to be received from customers in future periods, where revenue is recognized upon the completion of performance obligations, but in advance of billings. 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 Liabilities Contract liabilities are mainly comprised of deferred revenue, which arises when cash payments are received in advance of performance obligations being satisfied. 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. The following table presents additional revenue disclosures (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenue recognized in the period from: Amounts included in deferred revenue at the beginning of $ 6,336 $ 5,547 $ 13,602 $ 12,266 Performance obligations satisfied in previous periods (true (1) $ 353 $ 597 $ 3,362 $ ( 1,285 ) (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. Remaining Performance Obligations Remaining performance obligations represent contracted revenue associated with certain non-cancelable fixed fee arrangements and engineering services contracts that have not yet been recognized. As of June 30, 2024, the Company’s remaining performance obligations and the period over which they are expected to be recognized were as follows (in thousands): Year Ending December 31: Amounts 2024 (remaining 6 months) $ 35,897 2025 37,782 2026 15,669 2027 5,383 2028 3,102 Thereafter 1,991 Total $ 99,824 Allowance for Credit Losses The following table presents the activity in the allowance for credit losses for the three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, 2024 2023 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 2,868 $ 245 $ 2,067 $ 350 Provision for credit losses ( 856 ) 103 186 ( 25 ) Recoveries/charge-off ( 858 ) — ( 41 ) — Ending balance $ 1,154 $ 348 $ 2,212 $ 325 Six Months Ended June 30, 2024 2023 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 1,906 $ 190 $ 1,950 $ 369 Provision for credit losses ( 58 ) 161 322 ( 44 ) Recoveries/charge-off ( 694 ) ( 3 ) ( 60 ) — Ending balance $ 1,154 $ 348 $ 2,212 $ 325

Composition of Certain Financia

Composition of Certain Financial Statement Captions	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Composition of Certain Financial Statement Captions	NOTE 3 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS Prepaid expenses and other current assets consisted of the following (in thousands): June 30, 2024 December 31, 2023 Prepaid expenses $ 22,542 $ 19,913 Prepaid income taxes 5,686 4,813 Finished goods inventory 5,043 7,279 Other 3,094 6,869 Total $ 36,365 $ 38,874 Property and equipment, net consisted of the following (in thousands): June 30, 2024 December 31, 2023 Computer equipment and software $ 54,348 $ 52,740 Capitalized internal-use software 17,806 11,224 Office equipment and furniture 11,465 11,074 Building 17,876 17,876 Land 5,300 5,300 Leasehold improvements 13,319 11,758 Construction in progress 326 3,319 Total property and equipment 120,440 113,291 Less: accumulated depreciation and amortization (1) ( 78,199 ) ( 71,722 ) Property and equipment, net $ 42,241 $ 41,569 (1) Includes $ 2.6 million and $ 1.6 million as of June 30, 2024 and December 31, 2023, respectively, of accumulated amortization associated with capitalized internal-use software. The following table summarizes the capitalization and amortization of internal-use software for the three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Costs capitalized associated with internal-use software $ 3,303 $ 1,743 $ 6,582 $ 3,638 Amortization of capitalized internal-use software 522 468 1,016 560 Accrued liabilities consisted of the following (in thousands): June 30, 2024 December 31, 2023 Employee compensation and benefits $ 26,664 $ 44,095 Accrued expenses 18,292 24,307 Current portion of operating lease liabilities 14,739 14,760 Third-party royalties 9,152 8,478 Accrued other taxes 7,765 6,464 Accrued income taxes 7,581 1,991 Other 6,276 9,866 Total $ 90,469 $ 109,961

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Financial Instruments	NOTE 4 – FINANCIAL INSTRUMENTS Non-marketable Equity Securities As of June 30, 2024 and December 31, 2023, other noncurrent assets included equity securities accounted for under the equity method with a carrying amount of $ 4.3 million and $ 4.9 million, respectively. No impairments to the carrying amount of the Company’s non-marketable equity securities were recognized in the three and six months ended June 30, 2024 and 2023. Derivatives Instruments The Company uses 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. 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. 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 accumulated other comprehensive loss (“AOCL”) in stockholders’ equity and reclassified into earnings on the Condensed Consolidated Statements of Operations (Unaudited) in the period upon which the hedged transactions are settled. The notional and fair values of all derivative financial instruments were as follows (in thousands): Location in Balance Sheet June 30, 2024 December 31, 2023 Derivative instruments designated as cash flow hedges: Fair value — foreign exchange contract assets, net amount Prepaid expenses and other current assets $ — $ 1,184 Fair value — foreign exchange contract liabilities, net amount Accrued liabilities $ 152 $ — Notional value held to buy U.S. dollars in exchange for other currencies $ 1,001 $ 738 Notional value held to sell U.S. dollars in exchange for other currencies $ 53,146 $ 45,468 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): June 30, 2024 December 31, 2023 Gross amount of recognized assets $ 268 $ 1,300 Gross amount of recognized liabilities ( 420 ) ( 116 ) Net derivative (liabilities) assets $ ( 152 ) $ 1,184 The changes in AOCL related to the cash flow hedges consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 243 $ 769 $ 1,034 $ ( 94 ) Other comprehensive (loss) gain before reclassification ( 280 ) 322 ( 702 ) 1,181 Amounts reclassified from accumulated other comprehensive loss into net loss ( 115 ) ( 332 ) ( 484 ) ( 328 ) Net current period other comprehensive (loss) gain ( 395 ) ( 10 ) ( 1,186 ) 853 Ending balance $ ( 152 ) $ 759 $ ( 152 ) $ 759 The following table summarizes the total gains recognized upon settlement of the hedged transactions in the Condensed Consolidated Statement of Operations for three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Research and development $ 135 $ 403 $ 484 $ 414 Selling, general and administrative ( 24 ) 59 83 63 Total $ 111 $ 462 $ 567 $ 477 Undesignated Derivatives For derivatives that were not designated as hedge instruments, they were measured and reported at fair value as a derivative asset or liability in the Condensed Consolidated Balance Sheets with their corresponding changes in the fair value recognized as gains or losses in interest and other income, net in the Condensed Consolidated Statements of Operations. These instruments were all re-designated as foreign currency cash flow hedges in July 2023. For the three and six months ended June 30, 2023, gains on the undesignated derivatives were $ 0.5 million and $ 0.7 million, respectively .

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value	NOTE 5 – 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 and liabilities, 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 (as described in Note 4— Financial Instruments ), consisting of foreign currency forward contracts, are reported at fair value on a recurring basis and classified as Level 2. Financial Instruments Not Recorded at Fair Value The following table presents the fair value hierarchy for the Company’s assets and liabilities recorded at their carrying amount, but for which the fair value is disclosed (in thousands): June 30, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Assets: Note receivable, noncurrent $ 28,571 $ 28,571 $ — $ — Deferred consideration from divestiture 6,267 5,716 — — Total assets $ 34,838 $ 34,287 $ — $ — Liabilities: Senior unsecured promissory note $ 50,000 $ 49,696 $ 50,000 $ 49,659 The fair value of the note receivable, including accrued interest, and the deferred consideration resulting from the Divestiture (as described in Note 6— Divestiture ) were estimated based on an income and market approach with valuation inputs such as the U.S. Treasury constant maturity yields, comparable bond yields, and credit spreads over the term of the same or similarly issued instruments. They are classified within Level 2 of the fair value hierarchy. The fair value of the Company’s debt (as described in Note 8— Debt) was estimated based on an income and market approach with valuation inputs such as the U.S. Treasury constant maturity yields, comparable bond yields, and credit spreads over the term of the same or similarly issued instruments. The Company classifies its debt within Level 2 of the fair value hierarchy.

Divestiture

Divestiture	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Divestiture	NOTE 6 – DIVESTITURE In December 2023, the Company entered into a definitive agreement with Tobii pursuant to the Divestiture. The Divestiture represented a 100 % equity sale transaction of two of the Company’s wholly-owned subsidiaries and was expected to streamline the Company’s business to further focus its business on entertainment-related products and services. All of the assets and liabilities associated with the Divestiture were classified as held for sale as of December 31, 2023. The Divestiture was completed on January 31, 2024 (the “Closing Date”) for total consideration of $ 44.3 million, comprising $ 10.8 million of cash, a note receivable from Tobii (the “Tobii Note”) of $ 27.7 million, and deferred consideration (as described under Deferred Consideration below) totaling $ 15.0 million, which was estimated to have a fair value of $ 5.8 million based on a present value factor on the Closing Date. The $ 10.8 million of cash included in the total consideration represents the cash balance that was transferred to Tobii on the Closing Date to support operations during the transition and was subsequently returned to the Company, and as such, this amount is included in the assets sold as of January 31, 2024 and in the total consideration received. As previously disclosed in the Form 10-K, Tobii was required to pay the Company the acquired closing cash balance, less certain adjustments, promptly after the Closing Date. In addition, there may be potential earnout payments (as described under Contingent Consideration below) payable in 2031, contingent upon the future success of the divested AutoSense in-cabin safety business. In connection with the Divestiture, the Company also recorded a liability of $ 7.1 million for potential indemnification of certain pre-Closing matters. As of the Closing Date, the Company derecognized the carrying amounts of the following assets and liabilities (in thousands): January 31, 2024 Current Noncurrent Total Assets: Cash and cash equivalents $ 11,025 $ — $ 11,025 Accounts receivable, net 3,392 — 3,392 Unbilled contracts receivable, net 1,398 5,320 6,718 Prepaid expenses and other current assets 812 — 812 Property and equipment, net — 2,291 2,291 Operating lease right-of-use assets — 3,272 3,272 Other noncurrent assets — 2,887 2,887 Total assets held for sale (1) $ 16,627 $ 13,770 $ 30,397 Liabilities: Accounts payable $ 248 $ — $ 248 Accrued liabilities 4,933 — 4,933 Deferred revenue 1,114 — 1,114 Operating lease liabilities, noncurrent — 2,708 2,708 Other noncurrent liabilities — 7,064 7,064 Total liabilities held for sale $ 6,295 $ 9,772 $ 16,067 Net assets held for sale $ 10,332 $ 3,998 $ 14,330 (1) Total assets held for sale also included certain fully amortized finite-lived intangible assets with an original cost of $ 35.2 million. Upon the completion of the Divestiture, the Company recognized a gain of $ 22.9 million in the first quarter of 2024. The Divestiture did not represent a strategic shift that would have a major effect on the Company’s consolidated results of operations, and therefore, its results of operations were not reported as discontinued operations. Note Receivable from Tobii AB The Tobii Note, with a fixed interest rate of 8 % per annum, matures on April 1, 2029 and is payable in three annual installments. Tobii may, at any time and on any one or more occasions, prepay all or any portion of the outstanding principal amount, along with accrued interest, without any penalty. In the event of default, an additional interest of 2 % per annum may be applied to the outstanding balance of the Tobii Note, and the Company has the right to demand full or partial payment on the outstanding balance with unpaid interest. The Tobii Note is secured by a floating lien and security interest in certain of Tobii’s assets, rights, and properties, and contains customary affirmative and negative covenants including the restrictions on incurring certain indebtedness, and certain change of control and asset sale events, but does not include any financial covenants. The Tobii Note has the following scheduled principal repayments (in thousands): Date of Principal Payment: Amount April 1, 2027 $ 10,000 April 1, 2028 10,000 April 1, 2029 7,676 Total principal payments $ 27,676 The Company elected to present accrued interest within the carrying amount of note receivable, noncurrent, in the Condensed Consolidated Balance Sheets. As of June 30, 2024, the carrying amount of the Tobii Note is as follows (in thousands): June 30, 2024 Outstanding principal amount $ 27,676 Add: interest accrued to date 895 Carrying amount—note receivable, noncurrent $ 28,571 For the three and six months ended June 30, 2024, the Company recognized interest income of $ 0.5 million and $ 0.9 million, respectively. Deferred Consideration The deferred consideration consists of guaranteed future cash payments, which are scheduled to be made by Tobii in four annual payments as follows (in thousands): Date of Payment: Amount February 15, 2028 $ 3,000 February 15, 2029 2,250 February 15, 2030 4,500 February 15, 2031 5,250 Total future payments $ 15,000 At the Closing Date, there was $ 9.2 million of discount on the deferred consideration to be accreted as interest income up to the date of the final payment. For the three and six months ended June 30, 2024, the Company accreted $ 0.3 million and $ 0.4 million of the discount as interest income, respectively. As of June 30, 2024, the net carrying amount of the deferred consideration is as follows (in thousands): June 30, 2024 Total deferred consideration $ 15,000 Less: unamortized discount on deferred consideration ( 8,733 ) Net carrying amount $ 6,267 Contingent Consideration The earnout represents potential incremental cash consideration, and the payment is contingent upon the achievement of certain targeted shipments, between January 1, 2024 and December 31, 2030, of qualified automotive products featuring the AutoSense in-cabin safety technology and the related imaging solutions. At the Closing Date, the Company elected to apply the gain contingency guidance under ASC 450— Contingencies , as it could not reasonably estimate shipment amounts. As a result, the Company deferred the recognition of the contingent consideration until it becomes realized or realizable.

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	NOTE 7 – INTANGIBLE ASSETS, NET Identified intangible assets consisted of the following (in thousands): June 30, 2024 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 17,281 $ ( 4,583 ) $ 12,698 Existing technology / content database 5 - 10 219,908 ( 187,891 ) 32,017 Customer contracts and related relationships 3 - 9 493,579 ( 377,146 ) 116,433 Trademarks/trade name 4 - 10 39,313 ( 36,963 ) 2,350 Non-compete agreements 1 - 2 3,101 ( 3,101 ) — Total finite-lived intangible assets 773,182 ( 609,684 ) 163,498 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets $ 794,582 $ ( 609,684 ) $ 184,898 December 31, 2023 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 17,281 $ ( 3,478 ) $ 13,803 Existing technology / content database 5 - 10 219,717 ( 181,713 ) 38,004 Customer contracts and related relationships 3 - 9 493,685 ( 365,074 ) 128,611 Trademarks/trade name 4 - 10 39,313 ( 34,453 ) 4,860 Non-compete agreements 1 - 2 3,101 ( 2,884 ) 217 Total finite-lived intangible assets 773,097 ( 587,602 ) 185,495 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets (1) $ 794,497 $ ( 587,602 ) $ 206,895 (1) Total intangible assets excluded certain finite-lived intangible assets with a gross amount of $ 35.2 million, which were fully amortized and classified as held for sale as of December 31, 2023 in connection with the Divestiture (as described in Note 6 — Divestiture ). As of June 30, 2024, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands): Year Ending December 31: Amounts 2024 (remaining 6 months) $ 21,291 2025 34,826 2026 31,495 2027 30,652 2028 30,315 Thereafter 14,919 Total future amortization $ 163,498

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	NOTE 8 – DEBT In connection with the acquisition of Vewd Software Holdings Limited (“Vewd”) on July 1, 2022, the Company 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 the Company on the closing date of the acquisition. The Promissory Note does not contain any financial covenants. As of June 30, 2024, $ 50.0 million in principal balance was outstanding. Interest expense on the Promisso ry Note was $ 0.8 million for both the three months ended June 30, 2024 and 2023, and $ 1.5 million for the both six months ended June 30, 2024 and 2023.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 9 – NET LOSS PER SHARE Basic net loss per share attributable to the Company is computed by dividing the net loss attributable to the Company by the number of weighted-average outstanding common shares in the period. Potentially dilutive common shares, such as common shares issuable upon exercise of stock options, vesting of restricted stock units (“RSUs”), and shares purchased under the Employee Stock Purchase Plan (“ESPP”) 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 attributable to the Company, since their effect would be anti-dilutive. The following table sets forth the computation of basic and diluted net loss per share attributable the Company (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to the Company - basic and diluted $ ( 30,299 ) $ ( 38,395 ) $ ( 43,419 ) $ ( 70,395 ) Denominator: Weighted-average number of shares used to compute net loss per share attributable to the Company - basic and diluted 45,331 42,770 44,926 42,499 Net loss per share attributable to the Company - basic and diluted $ ( 0.67 ) $ ( 0.90 ) $ ( 0.97 ) $ ( 1.66 ) 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 Six Months Ended June 30, 2024 2023 Options 57 120 Restricted stock units 7,998 7,345 ESPP 92 83 Total 8,147 7,548

Stockholders' Equity And Stock-

Stockholders' Equity And Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stockholders' Equity And Stock-Based Compensation	NOTE 10 – 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, RSUs, 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. Stock options have been granted with an exercise price not less than the value of the common stock on the grant date, and have 10-year contractual terms 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 June 30, 2024, there were approximately 4.6 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 (as amended, the “2022 ESPP”). The 2022 ESPP originally provided consecutive overlapping 24-month offering periods, with four purchase periods that were generally six months in length, commencing on each December 1 and June 1 during the term of the 2022 ESPP. The 2022 ESPP was subsequently amended, and commencing December 1, 2023, the length of the offering periods was reduced from 24 months to 12 months and the employee’s maximum participant contribution was reduced from 100 % to 15 % of the employee’s after-tax base earnings and commissions up to the limit imposed by the Internal Revenue Service. 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. The 2022 ESPP includes a reset provision 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 12 -month offering period. Upon occurrence of the reset, the existing offering period will automatically terminate and a new 12 -month offering period will begin on the next business day. All participants in the terminated offering will be transferred to the new offering period. The reset provision under the 2022 ESPP was triggered on May 31, 2024, and it was considered a modification in accordance with ASC 718— Stock Based Compensation , with the incremental fair value of $ 2.0 million to be recognized on a straight-line basis over the new 12 -month offering period. On May 31, 2024, the Company issued 577,826 shares under the 2022 ESPP, net of shares withheld to satisfy withholding tax requirements for certain employees, for aggregate net proceeds of $ 4.3 million. As of June 30, 2024, there were 3.1 million shares reserved for future issuance under the 2022 ESPP. The following table summarizes the valuation assumptions used in estimating the fair value of the 2022 ESPP for the offering periods in effect using the Black-Scholes option pricing model: Six Months Ended June 30, 2024 2023 Expected life (years) 0.5 — 1.0 0.5 — 2.0 Risk-free interest rate 5.14 % — 5.39 % 4.33 % — 5.44 % Dividend yield 0.00 % 0.00 % Expected volatility 44.38 % — 45.01 % 44.11 % — 51.19 % Stock Options Stock option activity for the six months ended June 30, 2024 is as follows (in thousands, except per share amounts): Number of Weighted Balance at December 31, 2023 106 $ 26.87 Options exercised — $ — Options canceled / forfeited / expired ( 49 ) $ 21.99 Balance at June 30, 2024 57 $ 31.10 There were no stock options granted during the six months ended June 30, 2024. Restricted Stock Units Information with respect to outstanding RSUs (including both time-based vesting and performance-based vesting) for the six months ended June 30, 2024 is as follows (in thousands, except per share amounts): Number of Number of Total Weighted Balance at December 31, 2023 5,396 1,671 7,067 $ 15.51 Granted 2,496 670 3,166 $ 11.23 Vested / released ( 1,468 ) ( 14 ) ( 1,482 ) $ 14.51 Canceled / forfeited ( 562 ) ( 191 ) ( 753 ) $ 18.27 Balance at June 30, 2024 5,862 2,136 7,998 $ 13.74 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 market conditions, 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. The Company uses the closing trading price of its common stock on the date of grant as the fair value of awards or RSUs and PSUs that are based on Company-designated performance targets. For PSUs that are based on market conditions (the “market-based PSUs”), fair value is estimated by using a Monte Carlo simulation on the date of grant. The following assumptions were used to value the market-based PSUs granted during the period: Six Months Ended June 30, 2024 2023 Expected life (years) 3.0 2.8 Risk-free interest rate 4.21 % 4.54 % Dividend yield 0.00 % 0.00 % Expected volatility 43.93 % 49.02 % Stock-Based Compensation Total stock-based compensation expense for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue, excluding depreciation and amortization of intangible assets $ 858 $ 927 $ 1,602 $ 1,719 Research and development 5,831 6,405 10,164 11,956 Selling, general and administrative 8,614 10,759 18,294 20,384 Total stock-based compensation expense $ 15,303 $ 18,091 $ 30,060 $ 34,059 Stock-based compensation expense categorized by award type for the three and six months ended June 30, 2024 and 2023 is summarized in the table below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 RSUs $ 11,160 $ 11,609 $ 20,345 $ 22,364 PSUs 2,775 5,097 7,029 9,322 ESPP 1,368 1,385 2,686 2,373 Total stock-based compensation expense $ 15,303 $ 18,091 $ 30,060 $ 34,059 As of June 30, 2024, unrecognized stock-based compensation expense related to unvested equity-based awards is as follows (amounts in thousands): June 30, 2024 Unrecognized Stock-Based Compensation Weighted-Average Period to Recognize Expense RSUs $ 65,209 2.0 PSUs 18,373 2.0 ESPP 4,932 0.6 Total unrecognized stock-based compensation expense $ 88,514

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 11 – INCOME TAXES For the three and six months ended June 30, 2024, the Company recorded an income tax expense of $ 9.3 million and $ 13.6 million on a pretax loss of $ 21.4 million and $ 30.5 million, respectively; which resulted in an effective tax rate of ( 43.4 )% and ( 44.4 )%, respectively. The income tax expense for the three and six months ended June 30 , 2024 was primarily related to foreign withholding taxes, foreign income taxes, U.S. federal income taxes, and state income taxes. For the three and six months ended June 30, 2023, the Company recorded an income tax expense of $ 5.1 million and $ 4.8 million on a pretax loss of $ 34.3 million and $ 67.5 million, respectively; which resulted in an effective tax rate of ( 14.9 )% and ( 7.1 )%, respectively. The income tax benefit for the three and six months ended June 30, 2023 was primarily related to foreign withholding taxes, foreign income taxes, U.S. federal income taxes, and state income taxes. As of June 30, 2024, gross unrecognized tax benefits of $ 16.2 million decreased by $ 7.4 million compared to December 31, 2023. Of the total decrease, $ 6.9 million related to the Divestiture completed in January 2024. Of the $ 16.2 million gross unrecognized tax benefits, $ 2.2 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 six months ended June 30, 2024 and 2023. As of June 30, 2024 and December 31, 2023, accrued interest and penalties were $ 0.1 million and $ 0.4 million, respectively. As of June 30, 2024, the Company’s 2019 through 2024 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.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	NOTE 12 – LEASES The Company leases office and research facilities, data centers and office equipment under operating leases with various expiration dates thr o ugh 2030. Certain leases offer the op tion 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. Due to the change in how the office facilities were being used, a significant decrease in the expected market price of the operating lease right-of-use (“ROU”) assets, and expected delays in subleasing the office facilities based on the condition of the commercial real estate market, the Company recorded impairment charges of $ 1.1 million in the six months ended June 30, 2023 to reduce the carrying amount of certain operating ROU assets and property and equipment, including related leasehold improvements. There were no impairment charges recorded in the three and six months ended June 30, 2024. The components of operating lease costs were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Fixed lease cost (1) $ 4,250 $ 5,325 $ 8,536 $ 10,483 Variable lease cost 896 1,457 1,949 2,944 Less: sublease income ( 2,147 ) ( 2,593 ) ( 4,078 ) ( 5,273 ) Total operating lease cost $ 2,999 $ 4,189 $ 6,407 $ 8,154 (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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cash payments included in the measurement of operating lease liabilities $ 4,428 $ 5,000 $ 8,924 $ 10,208 Operating ROU assets obtained in exchange for lease obligations $ 2,024 $ 4,013 $ 2,024 $ 4,013 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: June 30, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.05 3.37 Weighted-average discount rate 5.4 % 5.3 % Future minimum lease payments and related lease liabilities as of June 30, 2024 were as follows (in thousands): Year Ending December 31: Operating Lease Payments (1) Sublease Income Net Operating Lease Payments 2024 (remaining 6 months) $ 7,840 $ ( 3,024 ) $ 4,816 2025 16,744 ( 6,333 ) 10,411 2026 10,345 ( 1,563 ) 8,782 2027 4,410 ( 368 ) 4,042 2028 2,202 ( 379 ) 1,823 Thereafter 1,232 ( 291 ) 941 Total lease payments 42,773 $ ( 11,958 ) $ 30,815 Less: imputed interest ( 3,633 ) Present value of operating lease liabilities $ 39,140 Less: operating lease liabilities, current portion ( 14,739 ) Noncurrent operating lease liabilities $ 24,401 (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	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 13 – 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 June 30, 2024, the Company’s total future unconditional purchase obligations were approximately $ 134.9 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 from its insurers, 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. Although considerable uncertainty exists, the Company does not anticipate that the disposition of any of these matters will have a material effect on its business or consolidated financial statements.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	NO TE 14 – SUBSEQUENT EVENTS In February 2024, the Company began to explore strategic alternatives, including, but not limited to, the sale of substantially all the assets of the Perceive subsidiary (the “Perceive Assets”), which had a total carrying value of approximately $ 7.5 million as of June 30, 2024. The Company concluded that the criteria for presentation of the Perceive Assets as held-for-sale included in ASC 360— Property, Plant and Equipment were met after the balance sheet date of June 30, 2024 but prior to the issuance of these financial statements. Accordingly, the Company plans to reclassify the related Perceive Assets as held-for-sale during the third quarter of 2024. The potential disposition of the Perceive Assets is not considered a strategic shift that will have a major effect on the Company’s consolidated results of operations, and therefore is not considered to be discontinued operations.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The Company’s financial statements were prepared on a consolidated basis and include the accounts of the Company and its wholly owned subsidiaries, as well as an entity in which the Company has a controlling financial interest. All intercompany accounts and transactions have been eliminated in consolidation. In the fourth quarter of 2018, the Company funded a new subsidiary, Perceive Corporation (“Perceive”), which was created to focus on edge inference hardware and software technologies. As of June 30, 2024, the Company owned approximately 76.2 % of the outstanding equity interest of Perceive.
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 fair value of note receivable and deferred consideration in connection with the Divestiture (as described in Note 6— Divestiture ), capitalization of internal-use software, loss contingencies related to indemnification liability, the assessm ent 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 valuation of performance-based awards with a market condition. 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, accounts receivable, unbilled contracts receivable, a note receivable and deferred consideration from divestiture. 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 and unbilled contracts receivable are substantially mitigated by its evaluation processes 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 was one individually significant customer with revenue exceeding 10% of total revenue for the three months ended June 30, 2024, whereas no single customer exceeded 10% of total revenue in all other comparative periods presented . As of June 30, 2024 and December 31, 2023, no si ngle custome r represented 10 % or more of the Company’s net balance of accounts receivable. As described in Note 6, in the first quarter of 2024, the Company received a note receivable and deferred consideration from Tobii AB (“Tobii”) as part of the consideration for divesting its AutoSense in-cabin safety business and related imaging solutions (the “Divestiture”). Both of these instruments are potentially exposed to credit risk arising from default on repayment from Tobii. The credit risk associated with the note receivable is mitigated by establishing a floating lien and security interest in certain of Tobii’s assets, rights, and properties, whereas the deferred consideration is not secured by any collateral. The Company uses certain techniques, such as internally generated cash flow projections on the principal and interest of each instrument, to determine the likelihood that the note receivable or deferred consideration will be repaid. Further, the Company assesses each instrument for credit losses and provides a reserve when full payment on the instruments may not occur as expected. Based on the results of the internally generated cash flow projections, the Company expects Tobii to make full payment on both instruments in accordance with the underlying agreement. Accordingly, no allowance for credit losses was recorded as of June 30, 2024.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standard Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires significant segment expenses and other segment related items to be disclosed on an interim and annual basis. The new disclosure requirements are also applicable to companies with a single reportable segment. This guidance is effective on a retrospective basis for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on the disclosures within its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires disclosure of specific categories in the effective tax rate reconciliation and additional information for reconciling items that meet a quantitative threshold and further disaggregation of income taxes paid for individually significant jurisdictions. This guidance is effective on a prospective or retrospective basis for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on the disclosures within its 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 standalone selling price (“SSP”) basis. The determination of SSP considers market conditions, the size and scope of the contract, customer and geographic information, and other factors. When observable prices are not available, SSP 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 video-over-broadband (“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. There are certain fixed fee on-premise licensed software arrangements where revenue is recognized immediately upon the delivery of the licensed technology. Hosted solutions and access to our platform is considered a single performance obligation with revenue being recognized over the period the solution is provided. Consumer Electronics The Company licenses its audio 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. If applicable, revenue is recognized 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 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 is made toward completion, 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.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Product Category and Timing of Recognition	The following table summarizes revenue by timing of recognition (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Recognized over time $ 87,173 $ 98,870 $ 183,855 $ 199,083 Recognized at a point in time 32,418 28,002 54,580 54,628 Total revenue $ 119,591 $ 126,872 $ 238,435 $ 253,711 The following table summarizes revenue by product category (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Pay-TV $ 60,752 $ 58,031 $ 117,558 $ 118,325 Consumer Electronics 17,164 31,716 43,292 68,451 Connected Car 31,423 23,474 55,771 44,022 Media Platform 10,252 13,651 21,814 22,913 Total revenue $ 119,591 $ 126,872 $ 238,435 $ 253,711
Schedule of Geographic Revenue Information	The following table summarizes revenue by geographic location (in thousands): Three Months Ended June 30, 2024 2023 U.S. $ 55,832 47 % $ 69,133 54 % Japan 13,873 11 18,566 15 South Korea 16,653 14 6,354 5 Europe and Middle East 9,467 8 8,416 7 Latin America 13,000 11 6,744 5 China 3,545 3 10,527 8 Other 7,221 6 7,132 6 Total revenue $ 119,591 100 % $ 126,872 100 % Six Months Ended June 30, 2024 2023 U.S. $ 115,631 48 % $ 134,292 53 % Japan 25,910 11 36,061 14 South Korea 23,599 10 14,410 6 Europe and Middle East 22,942 10 18,582 7 Latin America 19,917 8 13,367 5 China 16,332 7 22,037 9 Other 14,104 6 14,962 6 Total revenue $ 238,435 100 % $ 253,711 100 %
Schedule of Revenue Recognized in Period	The following table presents additional revenue disclosures (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenue recognized in the period from: Amounts included in deferred revenue at the beginning of $ 6,336 $ 5,547 $ 13,602 $ 12,266 Performance obligations satisfied in previous periods (true (1) $ 353 $ 597 $ 3,362 $ ( 1,285 ) (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.
Schedule of Remaining Performance Obligations	Company’s remaining performance obligations and the period over which they are expected to be recognized were as follows (in thousands): Year Ending December 31: Amounts 2024 (remaining 6 months) $ 35,897 2025 37,782 2026 15,669 2027 5,383 2028 3,102 Thereafter 1,991 Total $ 99,824
Schedule of Allowance for Credit Losses	The following table presents the activity in the allowance for credit losses for the three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, 2024 2023 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 2,868 $ 245 $ 2,067 $ 350 Provision for credit losses ( 856 ) 103 186 ( 25 ) Recoveries/charge-off ( 858 ) — ( 41 ) — Ending balance $ 1,154 $ 348 $ 2,212 $ 325 Six Months Ended June 30, 2024 2023 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 1,906 $ 190 $ 1,950 $ 369 Provision for credit losses ( 58 ) 161 322 ( 44 ) Recoveries/charge-off ( 694 ) ( 3 ) ( 60 ) — Ending balance $ 1,154 $ 348 $ 2,212 $ 325

Composition of Certain Financ_2

Composition of Certain Financial Statement Captions (Tables)	6 Months Ended
	Jun. 30, 2024
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): June 30, 2024 December 31, 2023 Prepaid expenses $ 22,542 $ 19,913 Prepaid income taxes 5,686 4,813 Finished goods inventory 5,043 7,279 Other 3,094 6,869 Total $ 36,365 $ 38,874
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): June 30, 2024 December 31, 2023 Computer equipment and software $ 54,348 $ 52,740 Capitalized internal-use software 17,806 11,224 Office equipment and furniture 11,465 11,074 Building 17,876 17,876 Land 5,300 5,300 Leasehold improvements 13,319 11,758 Construction in progress 326 3,319 Total property and equipment 120,440 113,291 Less: accumulated depreciation and amortization (1) ( 78,199 ) ( 71,722 ) Property and equipment, net $ 42,241 $ 41,569 (1) Includes $ 2.6 million and $ 1.6 million as of June 30, 2024 and December 31, 2023, respectively, of accumulated amortization associated with capitalized internal-use software. The following table summarizes the capitalization and amortization of internal-use software for the three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Costs capitalized associated with internal-use software $ 3,303 $ 1,743 $ 6,582 $ 3,638 Amortization of capitalized internal-use software 522 468 1,016 560
Schedule of Capitalization and Amortization of Internal-use Software	The following table summarizes the capitalization and amortization of internal-use software for the three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Costs capitalized associated with internal-use software $ 3,303 $ 1,743 $ 6,582 $ 3,638 Amortization of capitalized internal-use software 522 468 1,016 560
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following (in thousands): June 30, 2024 December 31, 2023 Employee compensation and benefits $ 26,664 $ 44,095 Accrued expenses 18,292 24,307 Current portion of operating lease liabilities 14,739 14,760 Third-party royalties 9,152 8,478 Accrued other taxes 7,765 6,464 Accrued income taxes 7,581 1,991 Other 6,276 9,866 Total $ 90,469 $ 109,961

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
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): Location in Balance Sheet June 30, 2024 December 31, 2023 Derivative instruments designated as cash flow hedges: Fair value — foreign exchange contract assets, net amount Prepaid expenses and other current assets $ — $ 1,184 Fair value — foreign exchange contract liabilities, net amount Accrued liabilities $ 152 $ — Notional value held to buy U.S. dollars in exchange for other currencies $ 1,001 $ 738 Notional value held to sell U.S. dollars in exchange for other currencies $ 53,146 $ 45,468 The
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): June 30, 2024 December 31, 2023 Gross amount of recognized assets $ 268 $ 1,300 Gross amount of recognized liabilities ( 420 ) ( 116 ) Net derivative (liabilities) assets $ ( 152 ) $ 1,184
Schedule of Accumulated Other Comprehensive Loss (AOCL)	The changes in AOCL related to the cash flow hedges consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 243 $ 769 $ 1,034 $ ( 94 ) Other comprehensive (loss) gain before reclassification ( 280 ) 322 ( 702 ) 1,181 Amounts reclassified from accumulated other comprehensive loss into net loss ( 115 ) ( 332 ) ( 484 ) ( 328 ) Net current period other comprehensive (loss) gain ( 395 ) ( 10 ) ( 1,186 ) 853 Ending balance $ ( 152 ) $ 759 $ ( 152 ) $ 759
Summary of the Total Gains Recognized upon Settlement of the Hedged Transactions	The following table summarizes the total gains recognized upon settlement of the hedged transactions in the Condensed Consolidated Statement of Operations for three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Research and development $ 135 $ 403 $ 484 $ 414 Selling, general and administrative ( 24 ) 59 83 63 Total $ 111 $ 462 $ 567 $ 477

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Carrying Amounts and Estimated Fair Values	The following table presents the fair value hierarchy for the Company’s assets and liabilities recorded at their carrying amount, but for which the fair value is disclosed (in thousands): June 30, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Assets: Note receivable, noncurrent $ 28,571 $ 28,571 $ — $ — Deferred consideration from divestiture 6,267 5,716 — — Total assets $ 34,838 $ 34,287 $ — $ — Liabilities: Senior unsecured promissory note $ 50,000 $ 49,696 $ 50,000 $ 49,659

Divestiture (Tables)

Divestiture (Tables)	6 Months Ended
	Jun. 30, 2024
Business Acquisition [Line Items]
Summary of Carrying Amounts of Assets and Liabilities Classified as Held for Sale	As of the Closing Date, the Company derecognized the carrying amounts of the following assets and liabilities (in thousands): January 31, 2024 Current Noncurrent Total Assets: Cash and cash equivalents $ 11,025 $ — $ 11,025 Accounts receivable, net 3,392 — 3,392 Unbilled contracts receivable, net 1,398 5,320 6,718 Prepaid expenses and other current assets 812 — 812 Property and equipment, net — 2,291 2,291 Operating lease right-of-use assets — 3,272 3,272 Other noncurrent assets — 2,887 2,887 Total assets held for sale (1) $ 16,627 $ 13,770 $ 30,397 Liabilities: Accounts payable $ 248 $ — $ 248 Accrued liabilities 4,933 — 4,933 Deferred revenue 1,114 — 1,114 Operating lease liabilities, noncurrent — 2,708 2,708 Other noncurrent liabilities — 7,064 7,064 Total liabilities held for sale $ 6,295 $ 9,772 $ 16,067 Net assets held for sale $ 10,332 $ 3,998 $ 14,330 (1) Total assets held for sale also included certain fully amortized finite-lived intangible assets with an original cost of $ 35.2 million.
Schedule of Carrying Amount of Note	The Company elected to present accrued interest within the carrying amount of note receivable, noncurrent, in the Condensed Consolidated Balance Sheets. As of June 30, 2024, the carrying amount of the Tobii Note is as follows (in thousands): June 30, 2024 Outstanding principal amount $ 27,676 Add: interest accrued to date 895 Carrying amount—note receivable, noncurrent $ 28,571
Schedule of Deferred Cash Consideration	The deferred consideration consists of guaranteed future cash payments, which are scheduled to be made by Tobii in four annual payments as follows (in thousands): Date of Payment: Amount February 15, 2028 $ 3,000 February 15, 2029 2,250 February 15, 2030 4,500 February 15, 2031 5,250 Total future payments $ 15,000
Schedule of Net Carrying Amount of Deferred Consideration	As of June 30, 2024, the net carrying amount of the deferred consideration is as follows (in thousands): June 30, 2024 Total deferred consideration $ 15,000 Less: unamortized discount on deferred consideration ( 8,733 ) Net carrying amount $ 6,267
Tobii AB
Business Acquisition [Line Items]
Schedule of Principal Payments	The Tobii Note has the following scheduled principal repayments (in thousands): Date of Principal Payment: Amount April 1, 2027 $ 10,000 April 1, 2028 10,000 April 1, 2029 7,676 Total principal payments $ 27,676 The Company elected to present accrued interest within the carrying amount of note receivable, noncurrent, in the Condensed Consolidated Balance Sheets. As of June 30, 2024, the carrying amount of the Tobii Note is as follows (in thousands): June 30, 2024 Outstanding principal amount $ 27,676 Add: interest accrued to date 895 Carrying amount—note receivable, noncurrent $ 28,571

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Identified Intangible Assets	Identified intangible assets consisted of the following (in thousands): June 30, 2024 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 17,281 $ ( 4,583 ) $ 12,698 Existing technology / content database 5 - 10 219,908 ( 187,891 ) 32,017 Customer contracts and related relationships 3 - 9 493,579 ( 377,146 ) 116,433 Trademarks/trade name 4 - 10 39,313 ( 36,963 ) 2,350 Non-compete agreements 1 - 2 3,101 ( 3,101 ) — Total finite-lived intangible assets 773,182 ( 609,684 ) 163,498 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets $ 794,582 $ ( 609,684 ) $ 184,898 December 31, 2023 Average Life Gross Amount Accumulated Net Carrying Value Finite-lived intangible assets: Acquired patents 3 - 10 $ 17,281 $ ( 3,478 ) $ 13,803 Existing technology / content database 5 - 10 219,717 ( 181,713 ) 38,004 Customer contracts and related relationships 3 - 9 493,685 ( 365,074 ) 128,611 Trademarks/trade name 4 - 10 39,313 ( 34,453 ) 4,860 Non-compete agreements 1 - 2 3,101 ( 2,884 ) 217 Total finite-lived intangible assets 773,097 ( 587,602 ) 185,495 Indefinite-lived intangible assets: TiVo tradename/trademarks N/A 21,400 — 21,400 Total intangible assets (1) $ 794,497 $ ( 587,602 ) $ 206,895 (1) Total intangible assets excluded certain finite-lived intangible assets with a gross amount of $ 35.2 million, which were fully amortized and classified as held for sale as of December 31, 2023 in connection with the Divestiture (as described in Note 6 — Divestiture ).
Estimated Future Amortization Expense	As of June 30, 2024, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands): Year Ending December 31: Amounts 2024 (remaining 6 months) $ 21,291 2025 34,826 2026 31,495 2027 30,652 2028 30,315 Thereafter 14,919 Total future amortization $ 163,498

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
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 attributable the Company (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to the Company - basic and diluted $ ( 30,299 ) $ ( 38,395 ) $ ( 43,419 ) $ ( 70,395 ) Denominator: Weighted-average number of shares used to compute net loss per share attributable to the Company - basic and diluted 45,331 42,770 44,926 42,499 Net loss per share attributable to the Company - basic and diluted $ ( 0.67 ) $ ( 0.90 ) $ ( 0.97 ) $ ( 1.66 )
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 Six Months Ended June 30, 2024 2023 Options 57 120 Restricted stock units 7,998 7,345 ESPP 92 83 Total 8,147 7,548

Stockholders' Equity And Stoc_2

Stockholders' Equity And Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Stock Option Activity	Stock option activity for the six months ended June 30, 2024 is as follows (in thousands, except per share amounts): Number of Weighted Balance at December 31, 2023 106 $ 26.87 Options exercised — $ — Options canceled / forfeited / expired ( 49 ) $ 21.99 Balance at June 30, 2024 57 $ 31.10
Summary of Restricted Stock Awards and Units	Information with respect to outstanding RSUs (including both time-based vesting and performance-based vesting) for the six months ended June 30, 2024 is as follows (in thousands, except per share amounts): Number of Number of Total Weighted Balance at December 31, 2023 5,396 1,671 7,067 $ 15.51 Granted 2,496 670 3,166 $ 11.23 Vested / released ( 1,468 ) ( 14 ) ( 1,482 ) $ 14.51 Canceled / forfeited ( 562 ) ( 191 ) ( 753 ) $ 18.27 Balance at June 30, 2024 5,862 2,136 7,998 $ 13.74
Summary of Stock-Based Compensation Expense	Total stock-based compensation expense for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue, excluding depreciation and amortization of intangible assets $ 858 $ 927 $ 1,602 $ 1,719 Research and development 5,831 6,405 10,164 11,956 Selling, general and administrative 8,614 10,759 18,294 20,384 Total stock-based compensation expense $ 15,303 $ 18,091 $ 30,060 $ 34,059
Stock-Based Compensation Expense Categorized by Award Type	Stock-based compensation expense categorized by award type for the three and six months ended June 30, 2024 and 2023 is summarized in the table below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 RSUs $ 11,160 $ 11,609 $ 20,345 $ 22,364 PSUs 2,775 5,097 7,029 9,322 ESPP 1,368 1,385 2,686 2,373 Total stock-based compensation expense $ 15,303 $ 18,091 $ 30,060 $ 34,059
Summary of Unrecognized Stock-based Compensation Expense	As of June 30, 2024, unrecognized stock-based compensation expense related to unvested equity-based awards is as follows (amounts in thousands): June 30, 2024 Unrecognized Stock-Based Compensation Weighted-Average Period to Recognize Expense RSUs $ 65,209 2.0 PSUs 18,373 2.0 ESPP 4,932 0.6 Total unrecognized stock-based compensation expense $ 88,514
Employee Stock Purchase Plan
Schedule of Assumptions Used to Value Awards Granted	The following table summarizes the valuation assumptions used in estimating the fair value of the 2022 ESPP for the offering periods in effect using the Black-Scholes option pricing model: Six Months Ended June 30, 2024 2023 Expected life (years) 0.5 — 1.0 0.5 — 2.0 Risk-free interest rate 5.14 % — 5.39 % 4.33 % — 5.44 % Dividend yield 0.00 % 0.00 % Expected volatility 44.38 % — 45.01 % 44.11 % — 51.19 %
Market-Based Performance Stock Units
Schedule of Assumptions Used to Value Awards Granted	The following assumptions were used to value the market-based PSUs granted during the period: Six Months Ended June 30, 2024 2023 Expected life (years) 3.0 2.8 Risk-free interest rate 4.21 % 4.54 % Dividend yield 0.00 % 0.00 % Expected volatility 43.93 % 49.02 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Operating Lease Costs	The components of operating lease costs were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Fixed lease cost (1) $ 4,250 $ 5,325 $ 8,536 $ 10,483 Variable lease cost 896 1,457 1,949 2,944 Less: sublease income ( 2,147 ) ( 2,593 ) ( 4,078 ) ( 5,273 ) Total operating lease cost $ 2,999 $ 4,189 $ 6,407 $ 8,154 (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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cash payments included in the measurement of operating lease liabilities $ 4,428 $ 5,000 $ 8,924 $ 10,208 Operating ROU assets obtained in exchange for lease obligations $ 2,024 $ 4,013 $ 2,024 $ 4,013
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: June 30, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 3.05 3.37 Weighted-average discount rate 5.4 % 5.3 %
Schedule of Future Minimum Lease Payments and Related Lease Liabilities	Future minimum lease payments and related lease liabilities as of June 30, 2024 were as follows (in thousands): Year Ending December 31: Operating Lease Payments (1) Sublease Income Net Operating Lease Payments 2024 (remaining 6 months) $ 7,840 $ ( 3,024 ) $ 4,816 2025 16,744 ( 6,333 ) 10,411 2026 10,345 ( 1,563 ) 8,782 2027 4,410 ( 368 ) 4,042 2028 2,202 ( 379 ) 1,823 Thereafter 1,232 ( 291 ) 941 Total lease payments 42,773 $ ( 11,958 ) $ 30,815 Less: imputed interest ( 3,633 ) Present value of operating lease liabilities $ 39,140 Less: operating lease liabilities, current portion ( 14,739 ) Noncurrent operating lease liabilities $ 24,401 (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 Presen

The Company and Basis of Presentation - Additional Information (Details)		3 Months Ended		6 Months Ended	12 Months Ended
	Oct. 01, 2022 $ / shares shares	Jun. 30, 2024 USD ($) Business Customer $ / shares shares	Jun. 30, 2023 Customer	Jun. 30, 2024 USD ($) Customer Segment Business $ / shares shares	Dec. 31, 2023 USD ($) Customer $ / shares shares	Jan. 31, 2024 USD ($)	Sep. 21, 2022 $ / shares
Organization Consolidation And Presentation [Line Items]
Common stock, par value (in dollars per share) | $ / shares		$ 0.001		$ 0.001	$ 0.001
Deferred cash consideration		$ 15,000,000		$ 15,000,000
Common stock shares distributed | shares		45,746,000		45,746,000	44,211,000
Number of reportable business segments | Segment				1
Number of business category | Business		4		4
Carrying amounts of not receivable, including accrued interest		$ 28,571,000		$ 28,571,000
Carrying amounts of deferred consideration		6,267,000		6,267,000
Long-term deferred tax liabilities		7,003,000		7,003,000	$ 6,983,000
Other long-term liabilities		12,797,000		12,797,000	$ 4,577,000
Tobii AB
Organization Consolidation And Presentation [Line Items]
Allowance for credit losses		$ 0		$ 0
Tobii AB | Senior Secured Promissory Note
Organization Consolidation And Presentation [Line Items]
Deferred cash consideration						$ 15,000,000
Debt instrument, principal amount						$ 27,700,000
Xperi Holding
Organization Consolidation And Presentation [Line Items]
Number of independent publicly traded companies | Business		2		2
Number of intellectual property licensing business | Business		1		1
Number of product business | Business		1		1
Perceive Corporation
Organization Consolidation And Presentation [Line Items]
Ownership interest, percentage		76.20%		76.20%
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
Credit Concentration Risk | Revenue
Organization Consolidation And Presentation [Line Items]
Number of customers, concentration of risk disclosure | Customer		1	0
Credit Concentration Risk | Accounts Receivable
Organization Consolidation And Presentation [Line Items]
Number of customers, concentration of risk disclosure | Customer				0	0
Credit Concentration Risk | Accounts Receivable | No Single Customer
Organization Consolidation And Presentation [Line Items]
Concentration risk, percentage (or more)				10%	10%

Revenue - Additional Informatio

Revenue - Additional Information (Details) - Total Revenue - Product Concentration Risk [Member]	6 Months Ended
	Jun. 30, 2024
Advertising
Revenue Recognition [Line Items]
Concentration Risk Percentage	10%
NRE services
Revenue Recognition [Line Items]
Concentration Risk Percentage	10%
Hardware Products
Revenue Recognition [Line Items]
Concentration Risk Percentage	10%

Revenue - Schedule of Revenue b

Revenue - Schedule of Revenue by Timing of Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 119,591	$ 126,872	$ 238,435	$ 253,711
Recognized over time
Disaggregation of Revenue [Line Items]
Revenue	87,173	98,870	183,855	199,083
Recognized at a point in time
Disaggregation of Revenue [Line Items]
Revenue	$ 32,418	$ 28,002	$ 54,580	$ 54,628

Revenue - Schedule of Revenue_2

Revenue - Schedule of Revenue by Product Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 119,591	$ 126,872	$ 238,435	$ 253,711
Pay TV
Disaggregation of Revenue [Line Items]
Total revenue	60,752	58,031	117,558	118,325
Consumer Electronics
Disaggregation of Revenue [Line Items]
Total revenue	17,164	31,716	43,292	68,451
Connected Car
Disaggregation of Revenue [Line Items]
Total revenue	31,423	23,474	55,771	44,022
Media Platform
Disaggregation of Revenue [Line Items]
Total revenue	$ 10,252	$ 13,651	$ 21,814	$ 22,913

Revenue - Schedule of Geographi

Revenue - Schedule of Geographic Revenue Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 119,591	$ 126,872	$ 238,435	$ 253,711
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	$ 55,832	$ 69,133	$ 115,631	$ 134,292
U.S. | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	47%	54%	48%	53%
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 13,873	$ 18,566	$ 25,910	$ 36,061
Japan | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	11%	15%	11%	14%
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 16,653	$ 6,354	$ 23,599	$ 14,410
South Korea | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	14%	5%	10%	6%
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 9,467	$ 8,416	$ 22,942	$ 18,582
Europe and Middle East | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	8%	7%	10%	7%
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 3,545	$ 10,527	$ 16,332	$ 22,037
China | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	3%	8%	7%	9%
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 13,000	$ 6,744	$ 19,917	$ 13,367
Latin America | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	11%	5%	8%	5%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 14,104	$ 14,962	$ 7,221	$ 7,132
Other | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	6%	6%	6%	6%

Revenue - Schedule of Revenue R

Revenue - Schedule of Revenue Recognized in Period (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Amounts included in deferred revenue at the beginning of the period		$ 6,336	$ 5,547	$ 13,602	$ 12,266
Performance obligations satisfied in previous periods (true ups, recoveries and settlements)	[1]	$ 353	$ 597	$ 3,362	$ (1,285)
[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.

Revenue - Schedule of Remaining

Revenue - Schedule of Remaining Performance Obligations (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 99,824
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 35,897
Performance obligations expected to be satisfied, expected timing	9 months
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	$ 37,782
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	$ 15,669
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	$ 5,383
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	$ 3,102
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2029-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 1,991
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	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 99,824

Revenue - Schedule of Allowance

Revenue - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	$ 2,868	$ 2,067	$ 1,906	$ 1,950
Provision for credit losses	(856)	186	(58)	322
Recoveries/charge-off	(858)	(41)	(694)	(60)
Ending balance	1,154	2,212	1,154	2,212
Unbilled Contracts Receivable
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	245	350	190	369
Provision for credit losses	103	(25)	161	(44)
Recoveries/charge-off			(3)
Ending balance	$ 348	$ 325	$ 348	$ 325

Composition of Certain Financ_3

Composition of Certain Financial Statement Captions - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 22,542	$ 19,913
Prepaid income tax	5,686	4,813
Finished goods inventory	5,043	7,279
Other	3,094	6,869
Total	$ 36,365	$ 38,874

Composition of Certain Financ_4

Composition of Certain Financial Statement Captions - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 120,440	$ 113,291
Less: accumulated depreciation and amortization	(78,199)	(71,722)
Property and equipment, net	42,241	41,569
Computer equipment and software
Property, Plant and Equipment [Line Items]
Total property and equipment	54,348	52,740
Capitalized internal-use software
Property, Plant and Equipment [Line Items]
Total property and equipment	17,806	11,224
Office equipment and furniture
Property, Plant and Equipment [Line Items]
Total property and equipment	11,465	11,074
Building
Property, Plant and Equipment [Line Items]
Total property and equipment	17,876	17,876
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	13,319	11,758
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 326	$ 3,319

Composition of Certain Financ_5

Composition of Certain Financial Statement Captions - Schedule of Property and Equipment, Net (Parenthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated amortization associated with capitalized internal-use software	$ 2.6	$ 1.6

Composition of Certain Financ_6

Composition of Certain Financial Statement Captions - Schedule of Capitalization and Amortization of Internal-Use Software (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Costs capitalized associated with internal-use software	$ 3,303	$ 1,743	$ 6,582	$ 3,638
Amortization of capitalized internal-use software	$ 522	$ 468	$ 1,016	$ 560

Composition of Certain Financ_7

Composition of Certain Financial Statement Captions - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024		Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Employee compensation and benefits	$ 26,664		$ 44,095
Accrued expenses	18,292		24,307
Current portion of operating lease liabilities	$ 14,739	[1]	$ 14,760
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total		Total
Third-party royalties	$ 9,152		$ 8,478
Accrued other taxes	7,765		6,464
Accrued income taxes	7,581		1,991
Other	6,276		9,866
Total	$ 90,469		$ 109,961
[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.

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Undesignated Derivative Instruments
Schedule Of Investments [Line Items]
Gains on derivatives	$ 500,000		$ 700,000
TiVo Merger | Non-marketable Equity Securities
Schedule Of Investments [Line Items]
Equity securities accounted for under equity method	4,300,000		4,300,000		$ 4,900,000
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 - Designated Derivative Instruments - Cash Flow Hedging [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Fair value-foreign exchange contract assets, net amount		$ 1,184
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]		Prepaid Expense and Other Assets, Current
Accrued liabilities	$ 152
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current
Total notional value	$ 1,001	$ 738
Total notional value	$ 53,146	$ 45,468

Financial Instruments - Sched_2

Financial Instruments - Schedule of Gross Amounts of Foreign Currency Forward Contracts (Details) - Foreign Exchange Contracts - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Gross amount of recognized assets	$ 268	$ 1,300
Gross amount of recognized liabilities	(420)	(116)
Net derivative (liabilities) assets	$ (152)	$ 1,184

Financial Instruments - Sched_3

Financial Instruments - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 381,757	$ 430,574	$ 387,135	$ 448,986
Ending balance	370,080	414,410	370,080	414,410
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(4,040)	(2,643)	(2,865)	(4,119)
Ending balance	(4,377)	(3,174)	(4,377)	(3,174)
Accumulated Other Comprehensive Loss | Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	243	769	1,034	(94)
Other comprehensive (loss) gain before reclassification	(280)	322	(702)	1,181
Amounts reclassified from accumulated other comprehensive loss into net loss	(115)	(332)	(484)	(328)
Net current period other comprehensive (loss) gain	(395)	(10)	(1,186)	853
Ending balance	$ (152)	$ 759	$ (152)	$ 759

Financial Instruments - Summary

Financial Instruments - Summary of the Total Gains Recognized upon Settlement of the Hedged Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivatives, Fair Value [Line Items]
Gain on fair value hedges	$ 111	$ 462	$ 567	$ 477
Research and development
Derivatives, Fair Value [Line Items]
Gain on fair value hedges	135	403	484	414
Selling, general and administrative
Derivatives, Fair Value [Line Items]
Gain on fair value hedges	$ (24)	$ 59	$ 83	$ 63

Fair Value - Schedule of Carryi

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Total assets, net - Carrying Amount	$ 619,247	$ 673,635
Liabilities:
Total long-term debt, net - Carrying Amount	27,676
Recurring
Assets:
Total assets, net - Carrying Amount	34,838
Total assets, net - Estimated Fair Value	34,287
Recurring | Note Receivable, Noncurrent
Assets:
Total assets, net - Carrying Amount	28,571
Total assets, net - Estimated Fair Value	28,571
Recurring | Deferred Consideration From Divestiture
Assets:
Total assets, net - Carrying Amount	6,267
Total assets, net - Estimated Fair Value	5,716
Recurring | Senior Unsecured Promissory Note
Liabilities:
Total long-term debt, net - Carrying Amount	50,000	50,000
Total long-term debt, net - Estimated Fair Value	$ 49,696	$ 49,659

Divestiture - Additional Inform

Divestiture - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity sale percetage		100%
Business divestiture, indemnification liability	$ 7,100
Gain on divestiture				$ 22,900	$ 22,934
Recognized interest income			$ 500		900
Deferred cash consideration			15,000		15,000
Discount on deferred consideration					9,200
Discount on Interest income			$ 300		$ 400
Purchaser
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration	44,300
Business divestiture, cash received	10,800
Interest rate			8%		8%
Additional interest rate per annum			2%		2%
Purchaser | Senior Secured Promissory Note
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt instrument, principal amount	27,700
Fair value divestiture	5,800
Deferred cash consideration	$ 15,000

Divestiture - Summary of the Ca

Divestiture - Summary of the Carrying Amounts of Assets and Liabilities Classified as Held for Sale (Details) - USD ($) $ in Thousands		Jan. 31, 2024	Dec. 31, 2023
Assets Current:
Total assets held for sale			$ 15,860
Assets Noncurrent:
Total assets held for sale			12,249
Liabilities Current:
Total liabilities held for sale			6,191
Liabilities Noncurrent:
Total liabilities to be disposed of			$ 9,805
Purchaser | Divestiture
Assets Current:
Cash and cash equivalents		$ 11,025
Accounts receivable, net		3,392
Unbilled contracts receivable, net		1,398
Prepaid expenses and other current assets		812
Total assets held for sale	[1]	16,627
Assets Noncurrent:
Unbilled contracts receivable, net		5,320
Property and equipment, net		2,291
Operating lease right-of-use assets		3,272
Other noncurrent assets		2,887
Total assets held for sale	[1]	13,770
Assets Total:
Unbilled contracts receivable, net		6,718
Total assets held for sale	[1]	30,397
Liabilities Current:
Accounts payable		248
Accrued liabilities		4,933
Deferred revenue		1,114
Total liabilities held for sale		6,295
Liabilities Noncurrent:
Operating lease liabilities, noncurrent		2,708
Other noncurrent liabilities		7,064
Total liabilities to be disposed of		9,772
Liabilities Total:
Total liabilities to be disposed of		16,067
Net assets held for sale, Current		10,332
Net assets held for sale, Noncurrent		3,998
Net assets held for sale		$ 14,330
[1] Total assets held for sale also included certain fully amortized finite-lived intangible assets with an original cost of $ 35.2 million.

Divestiture - Summary of the _2

Divestiture - Summary of the Carrying Amounts of Assets and Liabilities Classified as Held for Sale (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Finite-lived intangible assets, Gross Amount	$ 773,182	$ 773,097
Assets held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Finite-lived intangible assets, Gross Amount		$ 35,200

Divestiture - Schedule of Princ

Divestiture - Schedule of Principal Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Maturities of Long-Term Debt [Abstract]
April 1, 2027	$ 10,000
April 1, 2028	10,000
April 1, 2029	7,676
Net carrying amount	$ 27,676

Divestiture - Schedule of Carry

Divestiture - Schedule of Carrying Amount of Note (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Long-Term Investments [Abstract]
Outstanding principal amount	$ 27,676
Add: interest accrued to date	895
Carrying amount-note receivable, noncurrent	$ 28,571

Divestiture - Schedule of Net C

Divestiture - Schedule of Net Carrying Amount (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Instruments [Abstract]
Net carrying amount	$ 27,676

Divestiture - Schedule of Defer

Divestiture - Schedule of Deferred Cash Consideration (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Discontinued Operations and Disposal Groups [Abstract]
February 15, 2028	$ 3,000
February 15, 2029	2,250
February 15, 2030	4,500
February 15, 2031	5,250
Total future payments	$ 15,000

Divestiture - Schedule of the N

Divestiture - Schedule of the Net Carrying Amount of the Deferred Consideration (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Total deferred consideration	$ 15,000
unamortized discount on deferred consideration	(8,733)
Net carrying amount	$ 6,267

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Amount	$ 773,182	$ 773,097
Assets held for sale
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Amount		$ 35,200

Intangible Assets, Net - Identi

Intangible Assets, Net - Identified Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 794,582	$ 794,497	[1]
Finite-lived intangible assets, Gross Amount	773,182	773,097
Finite-lived intangible assets, Accumulated Amortization	(609,684)	(587,602)	[1]
Intangible assets, net	184,898	206,895	[1]
Finite-lived intangible assets, Net	163,498	185,495
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 Amount	17,281	17,281
Finite-lived intangible assets, Accumulated Amortization	(4,583)	(3,478)
Finite-lived intangible assets, Net	$ 12,698	$ 13,803
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 Amount	$ 219,908	$ 219,717
Finite-lived intangible assets, Accumulated Amortization	(187,891)	(181,713)
Finite-lived intangible assets, Net	$ 32,017	$ 38,004
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 Amount	$ 493,579	$ 493,685
Finite-lived intangible assets, Accumulated Amortization	(377,146)	(365,074)
Finite-lived intangible assets, Net	$ 116,433	$ 128,611
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 Amount	$ 39,313	$ 39,313
Finite-lived intangible assets, Accumulated Amortization	(36,963)	(34,453)
Finite-lived intangible assets, Net	$ 2,350	$ 4,860
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-compete agreements
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Amount	$ 3,101	$ 3,101
Finite-lived intangible assets, Accumulated Amortization	$ (3,101)	(2,884)
Finite-lived intangible assets, Net		$ 217
Non-compete agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	1 year	1 year
Non-compete agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	2 years	2 years
[1] Total intangible assets excluded certain finite-lived intangible assets with a gross amount of $ 35.2 million, which were fully amortized and classified as held for sale as of December 31, 2023 in connection with the Divestiture (as described in Note 6 — Divestiture ).

Intangible Assets, Net - Estima

Intangible Assets, Net - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (remaining 6 months)	$ 21,291
2025	34,826
2026	31,495
2027	30,652
2028	30,315
Thereafter	14,919
Finite-lived intangible assets, Net	$ 163,498	$ 185,495

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Line Of Credit Facility [Line Items]
Long-Term Debt		$ 27,676		$ 27,676
Promissory Note
Line Of Credit Facility [Line Items]
Interest expense		800	$ 800	1,500	$ 1,500
Vewd | Promissory Note
Line Of Credit Facility [Line Items]
Debt instrument, principal amount	$ 50,000
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		$ 50,000		$ 50,000

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss attributable to the Company - basic	$ (30,299)	$ (38,395)	$ (43,419)	$ (70,395)
Net loss attributable to the Company - diluted	$ (30,299)	$ (38,395)	$ (43,419)	$ (70,395)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to the Company - basic	45,331	42,770	44,926	42,499
Weighted-average number of shares used to compute net loss per share attributable to the Company - diluted	45,331	42,770	44,926	42,499
Net loss per share attributable to the Company - basic	$ (0.67)	$ (0.9)	$ (0.97)	$ (1.66)
Net loss per share attributable to the Company - diluted	$ (0.67)	$ (0.9)	$ (0.97)	$ (1.66)

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	8,147	7,548	8,147	7,548
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	57	120	57	120
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	7,998	7,345	7,998	7,345
ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive common stock equivalents	92	83	92	83

Stockholders' Equity And Stoc_3

Stockholders' Equity And Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
	May 31, 2024	Dec. 01, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized			$ 15,303	$ 18,091	$ 30,060	$ 34,059
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%
Purchase price of common stock, percent					85%
Rolling expiration period	12 months	24 months			12 months
Shares reserved for grant (in shares)			3,100,000		3,100,000
Number of shares issued	577,826
Aggregate net proceeds from ESPP	$ 4,300
Stock-based compensation expense recognized			$ 1,368	1,385	$ 2,686	2,373
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized			$ 2,775	$ 5,097	$ 7,029	$ 9,322
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%
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)			4,600,000		4,600,000
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
Incremental stock-based compensation expense modification	$ 2,000

Stockholders' Equity And Stoc_4

Stockholders' Equity And Stock-Based Compensation - Summary of Stock Option Activity (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Number of Shares Subject to Options
Number of Shares, Beginning balance (shares) | shares	106
Number of Shares, Options canceled / forfeited / expired (shares) | shares	(49)
Number of Shares, Ending balance (shares) | shares	57
Weighted Average Exercise Price Per Share
Weighted Average Exercise Price Per Share, Beginning balance (USD per share) | $ / shares	$ 26.87
Weighted Average Exercise Price Per Share, Options canceled / forfeited / expired (USD per share) | $ / shares	21.99
Weighted Average Exercise Price Per Share, Ending balance (USD per share) | $ / shares	$ 31.1

Stockholders' Equity And Stoc_5

Stockholders' Equity And Stock-Based Compensation - Summary of Restricted Stock Awards and Units (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / 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)	5,396
Granted	2,496
Vested / released	(1,468)
Canceled / forfeited	(562)
Restricted stock units, ending balance (shares)	5,862
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)	1,671
Granted	670
Vested / released	(14)
Canceled / forfeited	(191)
Restricted stock units, ending balance (shares)	2,136
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)	7,067
Granted	3,166
Vested / released	(1,482)
Canceled / forfeited	(753)
Restricted stock units, ending balance (shares)	7,998
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	$ 15.51
Weighted average grant date fair value per share of restricted stock units, granted (USD per share) | $ / shares	11.23
Weighted average grant date fair value per share of restricted stock units, vested / earned (USD per share) | $ / shares	14.51
Weighted average grant date fair value of restricted stock units, canceled / forfeited (USD per share) | $ / shares	18.27
Weighted average grant date fair value per share of restricted stock units, ending balance (USD per share) | $ / shares	$ 13.74

Stockholders' Equity And Stoc_6

Stockholders' Equity And Stock-Based Compensation - Schedule of Assumptions Used to Value Awards Granted (Details)	6 Months Ended
	Jun. 30, 2024	Jun. 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	5.14%	4.33%
Risk-free interest rate, maximum	5.39%	5.44%
Dividend yield	0%	0%
Expected volatility, minimum	44.38%	44.11%
Expected volatility, maximum	45.01%	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	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)	1 year	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)	3 years	2 years 9 months 18 days
Risk-free interest rate	4.21%	4.54%
Dividend yield	0%	0%
Expected volatility	43.93%	49.02%

Stockholder's Equity And Stock-

Stockholder's Equity And Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 15,303	$ 18,091	$ 30,060	$ 34,059
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	858	927	1,602	1,719
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	5,831	6,405	10,164	11,956
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 8,614	$ 10,759	$ 18,294	$ 20,384

Stockholder's Equity And Stoc_2

Stockholder's Equity And Stock-Based Compensation - Stock-Based Compensation Expense Categorized by Award Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 15,303	$ 18,091	$ 30,060	$ 34,059
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,368	1,385	2,686	2,373
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	11,160	11,609	20,345	22,364
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 2,775	$ 5,097	$ 7,029	$ 9,322

Stockholder's Equity And Stoc_3

Stockholder's Equity And Stock-Based Compensation - Summary of Unrecognized Stock-based Compensation Expense (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 88,514
RSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 65,209
Weighted-Average Period to Recognize Expense	2 years
PSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 18,373
Weighted-Average Period to Recognize Expense	2 years
ESPP
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 4,932
Weighted-Average Period to Recognize Expense	7 months 6 days

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Provision for (benefit from) income taxes	$ 9,266	$ 5,090	$ 13,538	$ 4,796
Effective tax rate (percent)	43.40%	14.90%	44.40%	7.10%
Income (loss) before taxes	$ (21,365)	$ (34,274)	$ (30,464)	$ (67,507)
Decrease in gross unrecognized tax benefits			7,400
Gross unrecognized tax benefits	16,200		16,200
Decrease in divestiture			6,900
Unrecognized tax benefits that would impact the effective income tax rate	2,200		2,200
Accrued interest and tax penalties related to unrecognized tax benefits	$ 100		$ 100		$ 400
Income tax examination description			As of June 30, 2024, the Company’s 2019 through 2024 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) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
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	$ 0	$ 0	$ 1,100,000
Maximum
Lessee Lease Description [Line Items]
Lessee term of period to renew	10 years	10 years

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Fixed lease cost	[1]	$ 4,250	$ 5,325	$ 8,536	$ 10,483
Variable lease cost		896	1,457	1,949	2,944
Less: sublease income		(2,147)	(2,593)	(4,078)	(5,273)
Total operating lease cost		$ 2,999	$ 4,189	$ 6,407	$ 8,154
[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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Cash payments included in the measurement of operating lease liabilities	$ 4,428	$ 5,000	$ 8,924	$ 10,208
Operating ROU assets obtained in exchange for lease obligations	$ 2,024	$ 4,013	$ 2,024	$ 4,013

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)	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term ( in years)	3 years 18 days	3 years 4 months 13 days
Weighted-average discount rate	5.40%	5.30%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments and Related Lease Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2024		Dec. 31, 2023
Operating Lease Payments
2024 (remaining 6 months)	[1]	$ 7,840
2025	[1]	16,744
2026	[1]	10,345
2027	[1]	4,410
2028	[1]	2,202
Thereafter	[1]	1,232
Total lease payments	[1]	42,773
Less: imputed interest	[1]	(3,633)
Present value of operating lease liabilities	[1]	39,140
Less: operating lease liabilities, current portion		(14,739)	[1]	$ (14,760)
Noncurrent operating lease liabilities		24,401	[1]	$ 30,598
Sublease Income
2024 (remaining 6 months)		(3,024)
2025		(6,333)
2026		(1,563)
2027		(368)
2028		(379)
Thereafter		(291)
Total lease payments		(11,958)
Net Operating Lease Payments
2024 (remaining 6 months)		4,816
2025		10,411
2026		8,782
2027		4,042
2028		1,823
Thereafter		941
Total lease payments		$ 30,815
[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	Jun. 30, 2024 USD ($)
Commitments And Contingencies Disclosure [Line Items]
Purchase commitments	$ 134.9

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ in Millions	Jun. 30, 2024 USD ($)
Subsequent Event [Line Items]
Perceive subsidiary assets carrying value	$ 7.5