Xperi Holding 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 26, 2021
Cover [Abstract]
Entity Registrant Name	XPERI HOLDING CORPORATION
Trading Symbol	XPER
Entity Central Index Key	0001803696
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		104,769,489
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-39304
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-4734590
Entity Address, Address Line One	3025 Orchard Parkway
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95134
City Area Code	408
Local Phone Number	321-6000
Document Quarterly Report	true
Document Transition Report	false
Security12b Title	Common Stock (par value $0.001 per share)
Security Exchange Name	NASDAQ

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue:
Total revenue	$ 222,272	$ 137,631	$ 443,868	$ 255,296
Operating expenses:
Research, development and other related costs	54,408	38,227	109,603	66,833
Selling, general and administrative	67,668	68,195	135,128	104,802
Depreciation expense	5,514	3,333	11,198	5,062
Amortization expense	52,242	32,044	104,437	54,553
Litigation expense	2,302	3,871	4,835	5,974
Total operating expenses	209,018	155,350	420,215	248,488
Operating income (loss)	13,254	(17,719)	23,653	6,808
Interest expense	(10,555)	(6,958)	(21,868)	(11,209)
Other income and expense, net	564	578	1,989	1,143
Loss on debt extinguishment	(8,012)	(8,300)	(8,012)	(8,300)
Loss before taxes	(4,749)	(32,399)	(4,238)	(11,558)
Benefit from income taxes	(2,876)	(9,299)	(6,891)	(7,243)
Net income (loss)	(1,873)	(23,100)	2,653	(4,315)
Less: net loss attributable to noncontrolling interest	(755)	(487)	(1,516)	(1,038)
Net income (loss) attributable to the Company	$ (1,118)	$ (22,613)	$ 4,169	$ (3,277)
Income (loss) per share attributable to the Company:
Basic	$ (0.01)	$ (0.33)	$ 0.04	$ (0.06)
Diluted	$ (0.01)	$ (0.33)	$ 0.04	$ (0.06)
Weighted average number of shares used in per share calculations-basic	104,906	69,160	104,923	59,462
Weighted average number of shares used in per share calculations-diluted	104,906	69,160	107,667	59,462
Licensing, Services and Software
Revenue:
Total revenue	$ 218,112	$ 135,996	$ 436,517	$ 253,483
Operating expenses:
Cost of revenue, excluding depreciation and amortization of intangible assets	22,418	8,252	43,832	9,792
Hardware
Revenue:
Total revenue	4,160	1,635	7,351	1,813
Operating expenses:
Cost of revenue, excluding depreciation and amortization of intangible assets	$ 4,466	$ 1,428	$ 11,182	$ 1,472

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (1,873)	$ (23,100)	$ 2,653	$ (4,315)
Other comprehensive income (loss), net of tax:
Change in foreign currency translation adjustment	80	155	(965)	155
Net unrealized loss on available-for-sale debt securities	34	342		68
Other comprehensive income (loss), net of tax	114	497	(965)	223
Comprehensive income (loss)	(1,759)	(22,603)	1,688	(4,092)
Less: comprehensive loss attributable to noncontrolling interest	(755)	(487)	(1,516)	(1,038)
Comprehensive income (loss) attributable to the Company	$ (1,004)	$ (22,116)	$ 3,204	$ (3,054)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 128,960	$ 170,188
Available-for-sale debt securities	70,201	86,947
Accounts receivable, net of allowance for credit losses of $4,131 and $7,336, respectively	123,999	115,975
Unbilled contracts receivable, net of allowance for credit losses of $3,274 and $2,231, respectively	126,549	132,431
Other current assets	70,501	40,763
Total current assets	520,210	546,304
Long-term unbilled contracts receivable	6,152	6,761
Property and equipment, net	65,963	63,207
Operating lease right-of-use assets	75,520	80,226
Intangible assets, net	908,245	1,004,379
Goodwill	851,088	847,029
Other long-term assets	149,616	153,270
Total assets	2,576,794	2,701,176
Current liabilities:
Accounts payable	14,352	13,045
Accrued legal fees	2,756	5,783
Accrued liabilities	90,846	129,035
Current portion of long-term debt, net	36,028	43,689
Deferred revenue	35,908	33,119
Total current liabilities	179,890	224,671
Deferred revenue, less current portion	29,285	39,775
Long-term deferred tax liabilities	24,441	24,754
Long-term debt, net	747,469	795,661
Noncurrent operating lease liabilities	61,279	66,243
Other long-term liabilities	100,160	98,953
Total liabilities	1,142,524	1,250,057
Commitments and contingencies (Note 15)
Company stockholders’ equity:
Preferred stock: $0.001 par value; (2021: authorized 15,000 shares; 2020: authorized 15,000 shares; and no shares issued and outstanding)
Common stock: $0.001 par value; (2021: authorized 350,000 shares, issued 111,902 shares, outstanding 104,578 shares; 2020: authorized 350,000 shares, issued 110,182, outstanding 104,775 shares)	112	110
Additional paid-in capital	1,303,768	1,268,471
Treasury stock at cost (2021: 7,324 shares; 2020: 5,407 shares)	(120,542)	(77,218)
Accumulated other comprehensive income	299	1,264
Retained earnings	257,905	264,250
Total Company stockholders’ equity	1,441,542	1,456,877
Noncontrolling interest	(7,272)	(5,758)
Total equity	1,434,270	1,451,119
Total liabilities and equity	$ 2,576,794	$ 2,701,176

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Accounts receivable allowance for credit losses	$ 4,131	$ 7,336
Unbilled contracts receivable allowance for credit losses	$ 3,274	$ 2,231
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
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)	350,000,000	350,000,000
Common stock, shares issued (in shares)	111,902,000	110,182,000
Common stock, shares outstanding (in shares)	104,578,000	104,775,000
Treasury stock, shares (in shares)	7,324,000	5,407,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ (1,873)	$ (23,100)	$ 2,653	$ (4,315)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation of property and equipment	5,514	3,333	11,198	5,062
Amortization of intangible assets	52,242	32,044	104,437	54,553
Stock-based compensation expense			28,054	16,456
Deferred income taxes			(1,796)	(28,933)
Loss on debt extinguishment	8,012	8,300	8,012	8,300
Other			8,289	4,775
Changes in operating assets and liabilities:
Accounts receivable			(9,260)	3,306
Unbilled contracts receivable			5,978	12,645
Other assets			(24,096)	(9,675)
Accounts payable			1,307	3,334
Accrued and other liabilities			(44,096)	(5,199)
Deferred revenue			(7,701)	6,933
Net cash from operating activities			82,979	67,242
Cash flows from investing activities:
Purchases of property and equipment			(4,858)	(1,892)
Proceeds from sale of property and equipment			19	19
Net cash received (paid) for mergers and acquisitions			(17,400)	117,424
Purchases of intangible assets			(92)	(519)
Purchases of short-term investments			(45,755)	0
Proceeds from sales of investments			44,321	7,189
Proceeds from maturities of investments			17,550	13,502
Net cash from investing activities			(6,215)	135,723
Cash flows from financing activities:
Dividends paid			(10,514)	(20,153)
Repayment of debt			(63,750)	(344,000)
Proceeds from debt, net of debt discount and issuance costs			(6,843)	1,011,343
Repayment of assumed debt from merger transaction			0	(734,609)
Proceeds from employee stock purchase program and exercise of stock options			7,247	4,765
Repurchases of common stock			(43,324)	(20,943)
Net cash from financing activities			(117,184)	(103,597)
Effect of exchange rate changes on cash and cash equivalents			(808)	94
Net increase (decrease) in cash and cash equivalents			(41,228)	99,462
Cash and cash equivalents at beginning of period			170,188	74,551	$ 74,551
Cash and cash equivalents at end of period	$ 128,960	$ 174,013	128,960	174,013	$ 170,188
Supplemental disclosure of cash flow information:
Interest paid			17,677	5,807
Income taxes paid, net of refunds			14,909	13,723
Stock issued in merger transaction			$ 0	$ 828,334

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interest
Beginning balance at Dec. 31, 2019	$ 545,100	$ 64	$ 768,284	$ (368,701)	$ (53)	$ 148,317	$ (2,811)
Beginning balance (in shares) at Dec. 31, 2019		49,620		14,002
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of subsidiary shares to noncontrolling interest			(5)				5
Net income (loss)	(4,315)					(3,277)	(1,038)
Other comprehensive income (loss)	223				223
Cash dividends paid on common stock	(20,153)					(20,153)
Issuance of common stock in connection with employee stock purchase plan	4,764		4,764
Issuance of common stock in connection with employee stock purchase plan, (in shares)		355
Issuance of restricted stock, net of shares canceled	1	$ 1
Issuance of restricted stock, net of shares canceled (in shares)		1,334
Repurchases of common stock, shares exchanged	(5,943)			$ (5,943)
Repurchases of common stock, shares exchanged (in shares)		(383)		383
Repurchases of common stock	(15,000)			$ (15,000)
Repurchases of common stock, (in shares)		(1,078)		1,078
Common stock issued in merger transaction	828,334	$ 58	828,276
Common stock issued in merger transaction (in shares)		58,300
Retirement of treasury stock		$ (14)	(372,058)	$ 372,072
Retirement of treasury stock (in shares)				(14,354)
Stock-based compensation expense	16,456		16,456
Ending balance at Jun. 30, 2020	1,349,467	$ 109	1,245,717	$ (17,572)	170	124,887	(3,844)
Ending balance (in shares) at Jun. 30, 2020		108,148		1,109
Beginning balance at Dec. 31, 2019	545,100	$ 64	768,284	$ (368,701)	(53)	148,317	(2,811)
Beginning balance (in shares) at Dec. 31, 2019		49,620		14,002
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchases of common stock	$ (70,100)
Repurchases of common stock, (in shares)	(4,900)
Ending balance at Dec. 31, 2020	$ 1,451,119	$ 110	1,268,471	$ (77,218)	1,264	264,250	(5,758)
Ending balance (in shares) at Dec. 31, 2020		104,775		5,407
Beginning balance at Mar. 31, 2020	561,651	$ 65	779,500	$ (371,845)	(327)	157,617	(3,359)
Beginning balance (in shares) at Mar. 31, 2020		50,530		14,186
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of subsidiary shares to noncontrolling interest			(2)				2
Net income (loss)	(23,100)					(22,613)	(487)
Other comprehensive income (loss)	497				497
Cash dividends paid on common stock	(10,117)					(10,117)
Issuance of common stock in connection with employee stock purchase plan	1,532		1,532
Issuance of common stock in connection with employee stock purchase plan, (in shares)		119
Issuance of restricted stock, net of shares canceled (in shares)		476
Repurchases of common stock, shares exchanged	(2,799)			$ (2,799)
Repurchases of common stock, shares exchanged (in shares)		(199)		199
Repurchases of common stock	(15,000)			$ (15,000)
Repurchases of common stock, (in shares)		(1,078)		1,078
Common stock issued in merger transaction	828,334	$ 58	828,276
Common stock issued in merger transaction (in shares)		58,300
Retirement of treasury stock		$ (14)	(372,058)	$ 372,072
Retirement of treasury stock (in shares)				(14,354)
Stock-based compensation expense	8,469		8,469
Ending balance at Jun. 30, 2020	1,349,467	$ 109	1,245,717	$ (17,572)	170	124,887	(3,844)
Ending balance (in shares) at Jun. 30, 2020		108,148		1,109
Beginning balance at Dec. 31, 2020	1,451,119	$ 110	1,268,471	$ (77,218)	1,264	264,250	(5,758)
Beginning balance (in shares) at Dec. 31, 2020		104,775		5,407
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of subsidiary shares to noncontrolling interest			(2)				2
Net income (loss)	2,653					4,169	(1,516)
Other comprehensive income (loss)	(965)				(965)
Cash dividends paid on common stock	(10,514)					(10,514)
Issuance of common stock in connection with exercise of stock options	760		760
Issuance of common stock in connection with exercise of stock options (in shares)		37
Issuance of common stock in connection with employee stock purchase plan	6,486	$ 1	6,485
Issuance of common stock in connection with employee stock purchase plan, (in shares)		633
Issuance of restricted stock, net of shares canceled	1	$ 1
Issuance of restricted stock, net of shares canceled (in shares)		1,050
Repurchases of common stock, shares exchanged	(8,343)			$ (8,343)
Repurchases of common stock, shares exchanged (in shares)		(392)		392
Repurchases of common stock	(34,981)			$ (34,981)
Repurchases of common stock, (in shares)		(1,525)		1,525
Stock-based compensation expense	28,054		28,054
Ending balance at Jun. 30, 2021	1,434,270	$ 112	1,303,768	$ (120,542)	299	257,905	(7,272)
Ending balance (in shares) at Jun. 30, 2021		104,578		7,324
Beginning balance at Mar. 31, 2021	1,436,877	$ 112	1,288,400	$ (109,577)	185	264,273	(6,516)
Beginning balance (in shares) at Mar. 31, 2021		104,875		6,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of subsidiary shares to noncontrolling interest			1				(1)
Net income (loss)	(1,873)					(1,118)	(755)
Other comprehensive income (loss)	114				114
Cash dividends paid on common stock	(5,250)					(5,250)
Issuance of common stock in connection with exercise of stock options	532		532
Issuance of common stock in connection with exercise of stock options (in shares)		26
Issuance of restricted stock, net of shares canceled (in shares)		176
Repurchases of common stock, shares exchanged	(991)			$ (991)
Repurchases of common stock, shares exchanged (in shares)		(45)		45
Repurchases of common stock	(9,974)			$ (9,974)
Repurchases of common stock, (in shares)		(454)		454
Stock-based compensation expense	14,835		14,835
Ending balance at Jun. 30, 2021	$ 1,434,270	$ 112	$ 1,303,768	$ (120,542)	$ 299	$ 257,905	$ (7,272)
Ending balance (in shares) at Jun. 30, 2021		104,578		7,324

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Stockholders Equity [Abstract]
Cash dividends paid on common stock, price per share	$ 0.05	$ 0.20	$ 0.10	$ 0.40

The Company and Basis of Presen

The Company and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
The Company and Basis of Presentation	NOTE 1 – THE COMPANY AND BASIS OF PRESENTATION On December 18, 2019, Xperi Corporation (“Xperi”) entered into an Agreement and Plan of Merger and Reorganization with TiVo Corporation (“TiVo”) to combine in an all-stock merger of equals transaction (the “Mergers”). Immediately following the consummation of the Mergers on June 1, 2020, (the “Merger Date”), Xperi Holding Corporation (the “Company”), a Delaware corporation founded in December 2019 under the name “XRAY-TWOLF HoldCo Corporation,” became the parent company of both Xperi and TiVo. The common stock of Xperi and TiVo were de-registered after completion of the Mergers. On June 2, 2020, Xperi Holding Corporation’s common stock, par value $0.001 per share, commenced trading on the Nasdaq Global Select Market (“Nasdaq”) under the ticker symbol “XPER.” Xperi was determined to be the accounting acquirer in the Mergers. As a result, the historical financial statements of Xperi for periods prior to the Mergers are considered to be the historical financial statements of Xperi Holding Corporation. As used herein, the “Company” refers to Xperi when referring to periods prior to June 1, 2020 and to Xperi Holding Corporation when referring to periods subsequent to June 1, 2020. The Company’s results of operations include the operations of TiVo after June 1, 2020, and TiVo’s assets and liabilities were recorded at their estimated fair values in the Company’s Condensed Consolidated Balance Sheets as of June 1, 2020 Xperi Holding Corporation is a leading consumer and entertainment product/solutions licensing company and one of the industry’s largest intellectual property (IP) licensing platforms, with a diverse portfolio of media and semiconductor intellectual property and more than 11,000 patents and patent applications worldwide. The Company invents, develops, and delivers technologies that enable extraordinary experiences. The Company’s technologies, delivered via its brands (DTS, HD Radio, IMAX Enhanced, Invensas, and TiVo), and by its subsidiary, Perceive Corporation, make entertainment more entertaining, and smart devices smarter. The Company’s technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for customers, partners and consumers. The Company shapes how millions of consumers access and experience entertainment content, and the Company’s innovations are found in billions of devices and hundreds of millions of interfaces around the globe. The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States (“U.S.”) and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The amounts as of December 31, 2020 have been derived from the Company’s annual audited financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2020, filed on February 26, 2021 (the “Form 10-K”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted in accordance with such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary (consisting of normal recurring adjustments) to state fairly the financial position of the Company and its results of operations and cash flows as of and for the periods presented. These financial statements should be read in conjunction with the annual audited financial statements and notes thereto as of and for the year ended December 31, 2020, included in the Form 10-K. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2021 or any future period and the Company makes no representations related thereto. In the fourth quarter of 2018, the Company funded a new subsidiary, Perceive Corporation (“Perceive”), which was created to focus on delivering edge inference solutions. As of June 30, 2021, the Company’s ownership interest in Perceive was approximately 81%. The operating results of Perceive have been consolidated in the Company’s condensed consolidated financial statements for all periods presented.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES There have been no significant changes in the Company’s significant accounting policies during the six months ended June 30, 2021, as compared to the significant accounting policies described in the Form 10-K. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the 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 estimation of variable consideration, judgment used to estimate the progress toward completion in the Company’s engineering services, the collectability of accounts receivable, other intangible assets and investments, the assessment of the recoverability of goodwill, the assessment of useful lives and recoverability of other intangible assets and long-lived assets, recognition and measurement of current and deferred income tax assets and liabilities, the assessment of unrecognized tax benefits, and purchase accounting resulting from business combinations, among others. Actual results experienced by the Company may differ from management’s estimates. The COVID-19 pandemic has resulted in a global slowdown of economic activity which has reduced demand for a broad variety of goods and services, while disrupting sales channels, marketing activities and supply chains. The Company’s business operations have been negatively impacted by the COVID-19 pandemic and related events, and the Company expects this disruption may continue to have a negative impact on its revenue and results of operations, even as governments ease restrictions and economic activities gradually resume. The full extent of the future impact of the COVID-19 pandemic on the Company’s operational and financial performance is currently uncertain and will depend on many factors outside the Company’s control, including, without limitation, the timing, extent, trajectory and duration of the pandemic; the availability, distribution and effectiveness of vaccines; the spread of new variants of COVID-19; the continued or renewed imposition of protective public safety measures; and the impact of the pandemic on the global economy and demand for consumer products. The impact of the COVID-19 pandemic and related events, including actions taken by various government authorities in response, have increased market volatility and make the estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes more difficult. As of the date of issuance of the financial statements, the Company is not aware of any specific event or circumstance that would require it to update its estimates, judgments or revise the carrying value of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Recently Adopted Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued The adoption did not have an impact on the Company’s consolidated financial Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting

Revenue

Revenue	6 Months Ended
	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Revenue	NOTE 3 – REVENUE Revenue Recognition General Revenue is recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services, which may include various combinations of goods and services which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of sales taxes collected from customers which are subsequently remitted to governmental authorities. In situations where foreign withholding taxes are withheld by the Company’s licensee, revenue is recognized gross of withholding taxes that are remitted directly by the licensee to a local tax authority. Arrangements with Multiple Performance Obligations Some of the Company’s contracts with customers contain multiple performance obligations. For these contracts, the individual performance obligations are separately accounted for if they are distinct. In an arrangement with multiple performance obligations, the transaction price is allocated among the separate performance obligations on a relative stand-alone selling price basis. The determination of stand-alone selling price considers market conditions, the size and scope of the contract, customer and geographic information, and other factors. When observable prices are not available, stand-alone selling price for separate performance obligations is based on the cost-plus-margin approach, considering overall pricing objectives. The allocation of transaction price among performance obligations in a contract may impact the amount and timing of revenue recognized in the Consolidated Statements of Operations during a given period. Contract Modifications Contracts may be modified due to changes in contract specifications or customer requirements. Contract modifications occur when the change in terms either creates new enforceable rights and obligations or changes existing enforceable rights and obligations. The effect of a contract modification for goods and services that are not distinct in the context of the contract on the transaction price is recognized as an adjustment to revenue on a cumulative catch-up basis. Contract modifications that result in goods or services that are distinct from the existing goods or services are accounted for as separate contracts if they are sold at their stand-alone selling price, or otherwise prospectively. Variable Consideration When a contract with a customer includes a variable transaction price, an estimate of the consideration which the Company expects to be entitled to for transferring the promised goods or services is made at contract inception. Depending on the terms of the contract, variable consideration is estimated using either the expected value approach or the most likely value approach. Under either approach to estimating variable consideration, the estimate considers all information (historical, current and forecast) that is reasonably available at contract inception. The amount of variable consideration is estimated at contract inception and updated as additional information becomes available. The estimate of variable consideration is included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Subsequent changes in the transaction price resulting from changes in the estimate of variable consideration are allocated to the performance obligations in the contract on the same basis as at contract inception. Certain payments to licensees, retailers and distributors, such as market development funds and revenue shares, are treated as a reduction of the transaction price, and therefore a reduction to revenue, unless the payment is in exchange for a distinct good or service that the licensee, retailer or distributor transfers to the Company. When variable consideration is in the form of a sales-based or usage-based royalty in exchange for a license of IP, or when a license of IP 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. Nature of Goods and Services The following is a discussion of the principal activities from which the Company generates its revenue. License Agreements The Company operates in two business segments. In its Product segment, the Company licenses its audio, digital radio, imaging, edge-based machine learning and multi-channel video user experience (“UX”) solutions. Within this segment, the Company groups its business into three categories based on the products delivered and customers served: Consumer Experience, Connected Car, and Pay-TV. In its IP Licensing segment, the Company licenses (i) its media patent portfolios (“Media IP licensing”) to multichannel video programming distributors, over-the-top video service providers, consumer electronics manufacturers, social media, and other new media companies and (ii) its semiconductor technologies and associated patent portfolios (“Semiconductor IP licensing”) to memory, sensors, radio frequency (“RF”) component, and foundry companies. The Company licenses its technologies and portfolios under three revenue models: (i) fixed-fee Media IP licensing, (ii) fixed-fee or minimum guarantee Product or Semiconductor IP licensing, and (iii) per-unit or per-subscriber royalty licenses. Fixed-fee Media IP licensing The Company's long-term fixed-fee Media IP licensing agreements, which are related to the TiVo businesses following the Mergers, provide its customers with rights to future patented technologies over the term of the agreement that are highly interdependent or highly interrelated to the patented technologies provided at the inception of the agreement. The Company treats these rights as a single performance obligation with revenue recognized on a straight-line basis over the term of the fixed-fee license agreement. At times, the Company enters into license agreements in which a licensee is released from past patent infringement claims or is granted a license to ship an unlimited number of units or for an unlimited number of subscribers over a future period for a fixed fee. In these arrangements, the Company allocates the transaction price between the release for past patent infringement claims and the future license. In determining the stand-alone selling price of the release for past patent infringement claims and the future license, the Company considers such factors as the number of units shipped in the past or the number of past subscribers and the relevant geographies of the shipped units or subscribers, the future number of subscribers or units, as well as the licensing rate the Company generally receives for per-subscriber or units shipped in the same geographies. As the release from past patent infringement claims is generally satisfied at execution of the agreement, the transaction price allocated to the release from past patent infringement claims is generally recognized in the period the agreement is executed and the amount of transaction price allocated to the future license is recognized ratably over the future license term. Fixed-fee or minimum guarantee Semiconductor IP or Product licensing The Company enters into Semiconductor IP or Product licenses that have fixed fee or minimum guarantee arrangements, whereby licensees pay a fixed fee for the right to incorporate the Company’s technology in the licensee'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. In most cases, the customer pays the fixed license fee in specified installments over the license term. For both fixed fee and minimum guarantee agreements for Semiconductor IP or Product licensing, the Company recognizes the full fixed fee as revenue at the beginning of the license term, when the licensee has the right to use the IP and begins to benefit from the license. If the contract term of a fixed fee or minimum guarantee arrangement is longer than one year, the Company also considers the scheduled payment arrangements to determine whether a significant financing component exists. In general, if the payment arrangements extend beyond the initial twelve months of the contract, the Company treats a portion of the payments as a significant financing component. The discount rate used for each arrangement reflects the rate that would be used in a separate financing transaction between the Company and the licensee at contract inception and takes into account the credit characteristics of the licensee and market interest rates as of the date of the agreement. As such, the amount of fixed fee revenue recognized at the beginning of the license term will be reduced by the calculated financing component. As payments are received from the licensee, the Company recognizes a portion of the financing component as interest income, reported as other income and expense in the Consolidated Statements of Operations. Per-unit or per-subscriber royalty licenses The Company recognizes revenue from per-unit or per-subscriber royalty licenses in the period in which the licensee's sales or production are estimated to have occurred, which results in an adjustment to revenue when actual sales or production are subsequently reported by the licensee, which is generally in the month or quarter following usage or shipment. The Company generally recognizes revenue from royalty licenses on a per-subscriber per-month model for licenses with service providers and a per-unit shipped or manufactured model for licenses with CE manufacturers and memory, sensors, RF component, and foundry companies. Compliance Audits The Company actively monitors and enforces its IP, 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 intellectual property without a license. As a result of these activities, the Company may, from time to time, recognize revenue from payments resulting from periodic compliance audits of licensees for underreporting royalties incurred in prior periods, as part of a settlement of a patent infringement dispute, or from legal judgments in a license dispute. These recoveries and settlements may cause revenue to be higher than expected during a particular reporting period and such recoveries may not occur in subsequent periods. The Company recognizes revenue from recoveries when a binding agreement has been executed and the Company concludes collection under that agreement is likely . Arrangements with Multiple System Operators for the TiVo Service The Company's arrangements with multiple system operators (“MSOs”) typically include software customization and set-up services, associated maintenance and support, limited training, post-contract support, TiVo-enabled DVRs, non-DVR Set-Top Boxes (“STBs”), and the TiVo service. The Company has two types of arrangements with MSOs that include technology deployment and engineering services. In instances where the Company hosts the TiVo service, non-refundable payments received for customization and set-up services are deferred and recognized as revenue ratably over the hosting term. The related cost of such services is capitalized to the extent it is deemed recoverable and amortized to cost of revenue over the same period as the related TiVo service revenue is recognized. The Company estimates the stand-alone selling prices for training, DVRs, non-DVR STBs and maintenance and support based on the price charged in stand-alone sales of the promised good or service. The stand-alone selling price for the TiVo service is determined by considering the size of the MSO and expected volume of deployment, market conditions, competitive landscape, internal costs and total gross margin objectives. For a term license to the TiVo service, the Company receives license fees for the hosted TiVo service on either a per-subscriber per-month basis or a fixed fee. The Company recognizes revenue from per-subscriber per-month licenses during the month the TiVo service is provided to the customer and recognizes revenue from fixed fee licenses ratably over the license period. In arrangements where the Company does not host the TiVo service, which includes engineering services that are essential to the functionality of the licensed technology or involve significant customization or modification of the software, the Company recognizes revenue as progress toward completion is made using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Project costs are primarily labor related to specific activities required for the project. Costs related to general infrastructure or uncommitted platform development are not included in the project cost estimates and are expensed as incurred. Estimating project costs requires forecasting costs, tracking progress toward completion and projecting the remaining effort to complete the project. These estimates are reassessed throughout the term of the arrangement, and revisions to estimates are recognized on a cumulative catch-up basis when the changed conditions become known. Provisions for losses are recorded when estimates indicate it is probable that a loss will be incurred for the contract. The Company generally recognizes revenue from license fees for the TiVo service that the Company does not host on a per-subscriber per-month basis due to the recognition constraint on intellectual property usage-based royalties. Subscription Services Subscription services revenue primarily consists of fees to provide customers with access to one or more of the Company's hosted products such as its iGuide interactive program guide (“IPG”), advanced search and recommendations, metadata and analytics products, including routine customer support. The Company generally receives per-subscriber per-month fees for its iGuide IPG and search and recommendations service and revenue is recorded in the month the customer uses the service. The Company generally receives a monthly or quarterly fee from its metadata or analytics licenses for the right to use the metadata or access its analytics platform and to receive regular updates. Revenue from the Company's metadata and analytics service is recognized ratably over the subscription period. TiVo-enabled DVRs and non-DVRs, including TiVo Stream 4K, and related TiVo Service The Company sells TiVo-enabled DVRs and non-DVRs and the related service directly to customers through sales programs via the TiVo.com website and licenses the sale of TiVo-enabled DVRs and non-DVRs through a limited number of retailers. All customers have the right to cancel their subscription to the TiVo service within 30 days of subscription activation for a full refund. After the initial subscription period for a DVR, all customers have various pricing options when they renew their subscription. The transaction price allocated to the DVR and non-DVR is recognized as revenue upon shipment to the customer and the transaction price allocated to the TiVo service is recognized as revenue ratably over the service period. Subscription revenue from lifetime subscriptions are recognized ratably over the estimated useful life of the DVR or non-DVR associated with the subscription. The estimated useful life for a DVR and non-DVR depends on a number of assumptions, including but not limited to, customer retention rates, the timing of new product introductions and historical experience. The Company periodically reassesses the estimated useful life of DVRs and non-DVRs. When the actual useful life of a DVR or a non-DVR materially differs from the Company's estimate, the estimated useful life of the DVR or non-DVR is adjusted, which could result in the recognition of revenue over a longer or shorter period of time. Significant Judgments Determining whether promises to transfer multiple goods and services in contracts with customers are considered distinct performance obligations that should be accounted for separately requires significant judgment, including related to the level of integration and interdependency between the performance obligations. In addition, judgment is necessary to allocate the transaction price to the distinct performance obligations, including whether there is a discount or significant financing component to be allocated based on the relative stand-alone selling price of the various performance obligations. Significant judgment is required to determine the stand-alone selling price for each distinct performance obligation when an observable price is not available. In instances where stand-alone selling price is not directly observable, such as when the Company does not sell the good or service separately, the stand-alone selling price is determined using a range of inputs that includes market conditions and other observable inputs. More than one stand-alone selling price may exist for individual goods and services due to the stratification of those goods and services, considering attributes such as the size of the customer and geographic region. Due to the nature of the work required to be performed on some performance obligations, significant judgment may be required to determine the transaction price. It is common for the Company's license agreements to contain provisions that can either increase or decrease the transaction price. These variable amounts are generally estimated based on usage. In addition to estimating variable consideration, significant judgment is necessary to identify forms of variable consideration, determine whether the variable consideration relates to a sales-based or usage-based royalty of intellectual property and determine whether, and when to include estimates of variable consideration in the transaction price. For certain licensees, royalty revenue is generated based on a licensee’s production or shipment of licensed products incorporating the Company’s intellectual property, technologies or software. Licensees with a per-unit or per-subscriber arrangement pay a per-unit royalty for each product manufactured or sold, or for each subscriber, as set forth in its license agreement. Licensees generally report manufacturing, sales or subscriber information in the month or quarter subsequent to when the production, shipment or subscription activity takes place. The Company estimates the royalties earned each quarter based on its forecast of manufacturing and sales activity by its licensees in that quarter. Any differences between actual royalties owed by a licensee and the Company’s estimate are recognized when the licensee’s royalty report is received. Estimating licensees’ 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 manufactured, shipped or subscribed by licensees, which could have a material impact on the amount of revenue recognized. Some hardware products are sold with a right of return and, in certain circumstances, credits or incentives may be provided to customers or resellers at the time of sale. Such credits and incentives are accounted for as variable consideration and recognized as a reduction to revenue. Estimates of returns, credits and incentives are made at contract inception and updated each reporting period. In contracts where the Company does not host the TiVo service and that include engineering services that are essential to the functionality of the licensed technology or involve significant customization or modification of software, or where the Company provides non-recurring engineering (“NRE”) services, the Company recognizes revenue as progress toward completion occurs using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Significant judgment is required to estimate the remaining effort to complete the project. These estimates are reassessed throughout the term of the arrangement. Management evaluates its estimates, inputs and assumptions related to revenue recognition on an ongoing basis. The use of different estimates, inputs or assumptions may materially affect the reported amounts of assets and liabilities as of the date of the financial statements and the results of operations for the reporting period. Practical Expedients and Exemptions The Company applies a practical expedient to not perform an evaluation of whether a contract includes a significant financing component when the timing of revenue recognition differs from the timing of cash collection by one year or less. The Company applies a practical expedient to expense costs to obtain a contract with a customer as incurred as a component of selling, general and administrative expenses when the amortization period would have been one year or less. The Company applies a practical expedient when disclosing revenue expected to be recognized from unsatisfied performance obligations to exclude contracts with customers with an original duration of less than one year; contracts for which revenue is recognized based on the amount which the Company has the right to invoice for services performed and amounts attributable to variable consideration arising from (i) a sales-based or usage-based royalty of an intellectual property license or (ii) when variable consideration is allocated entirely to a wholly unsatisfied performance obligation; or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation . Revenue Details The following information depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors by disaggregating revenue by product category/end market and geographic location (presented in “Note 16 - Segment and Geographic Information Revenue disaggregated by product category/end market was as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Consumer Experience $ 46,877 $ 30,043 $ 98,131 $ 68,794 Pay-TV 54,013 21,300 106,354 21,300 Connected Car 19,536 12,781 39,523 29,972 Product revenue $ 120,426 $ 64,124 $ 244,008 $ 120,066 IP Licensing revenue 101,846 73,507 199,860 135,230 Total revenue $ 222,272 $ 137,631 $ 443,868 $ 255,296 Contract Balances Contracts Assets Contract assets primarily consist of unbilled contracts receivable that are expected to be received from customers in future periods, where the revenue recognized to date (or cumulative adjustments to retained earnings in the initial period of adopting Topic 606) exceeds the amount billed. The amount of unbilled contracts receivable may not exceed their net realizable value and are classified as long-term assets if the payments are expected to be received more than one year from the reporting date. Contract assets also include the incremental costs of obtaining a contract with a customer, principally sales commissions when the renewal commission is not commensurate with the initial commission, and deferred engineering costs for significant software customization or modification and set-up services to the extent deemed recoverable. Contract assets were recorded in the Condensed Consolidated Balance Sheets as follows (in thousands): June 30, 2021 December 31, 2020 Unbilled contracts receivable $ 126,549 $ 132,431 Other current assets 1,029 1,208 Long-term unbilled contracts receivable 6,152 6,761 Other long-term assets 2,750 2,591 Total contract assets $ 136,480 $ 142,991 Contract Liabilities Contract liabilities are mainly comprised of deferred revenue related to consumer lifetime subscriptions for the TiVo service, multi-period licensing or cloud-based services, 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. Deferred revenue also includes amounts received related to professional services to be performed in the future. Deferred revenue arises when cash payments are received, including amounts which are refundable, in advance of performance obligations being completed. Allowance for Credit Losses The allowance for credit losses, which includes the allowance for accounts receivable and unbilled contracts receivable, represents the Company’s best estimate of lifetime expected credit losses inherent in those financial assets. The Company’s lifetime expected credit losses are determined using relevant information about past events (including historical experience), current conditions, and reasonable and supportable forecasts that affect collectability. The Company monitors its credit exposure through ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. In addition, the Company performs routine credit management activities such as timely account reconciliations, dispute resolution, and payment confirmations. The Company may employ collection agencies and legal counsel to pursue recovery of defaulted receivables . The Company’s long-term unbilled contracts receivable is derived from fixed-fee or minimum-guarantee arrangements, primarily with large well-capitalized companies. It is generally considered to be of high credit quality due to past collection history and the nature of the customers. The following table presents the activity in the allowance for credit losses for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 4,038 $ 2,884 $ 7,336 $ 2,231 Provision for credit losses 93 390 1,236 513 Charged-off/other adjustments — — (4,441 ) (1) 530 Balance at end of period $ 4,131 $ 3,274 $ 4,131 $ 3,274 (1) The charge off of accounts receivable in the three months ended March 31, 2021 was primarily related to a customer whose account had been substantially reserved for credit losses in 2020 due to deteriorating financial condition and delinquent payment history. Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 2,226 $ 283 $ 566 $ — Provision for credit losses 299 74 2,228 (2) 357 Charged-off/other adjustments (56 ) — (325 ) — Balance at end of period $ 2,469 $ 357 $ 2,469 $ 357 (2) The increase in provision for credit losses was based on assessment of then current conditions including the COVID-19 pandemic and anticipation of delayed or delinquent payments on existing accounts receivable as a result of declining financial health and liquidity positions of certain of the Company’s customers. Additional Disclosures The following table presents additional revenue and contract disclosures (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenue recognized in the period from: Amounts included in deferred revenue at the beginning of the period $ 6,936 $ 796 $ 18,152 $ 620 Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements)* $ 13,053 $ 7,078 $ 32,916 $ 54,222 *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. Licensee reporting adjustments 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 during the period for past royalties owed pursuant to expired or terminated IP license agreements. Remaining revenue under contracts with performance obligations represents the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied) under the Company’s fixed-fee IP, software-as-a-service agreements and engineering services contracts. The Company's remaining revenue under contracts with performance obligations was as follows (in thousands) : As of June 30, 2021 December 31, 2020 Revenue from contracts with performance obligations expected to be satisfied in: 2021 (remaining 6 months) $ 98,266 $ 152,008 2022 156,763 102,764 2023 141,044 91,636 2024 113,639 77,989 2025 106,423 76,028 Thereafter 13,646 429 Total $ 629,781 $ 500,854

Composition of Certain Financia

Composition of Certain Financial Statement Captions	6 Months Ended
	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Composition of Certain Financial Statement Captions	NOTE 4 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS Other current assets consisted of the following (in thousands): June 30, 2021 December 31, 2020 Income tax receivable* $ 28,911 $ 4,654 Prepaid expenses 23,094 20,393 Inventory** 9,345 9,819 Other 9,151 5,897 $ 70,501 $ 40,763 *The income tax receivable change relates to the application of a projected negative tax rate to year-to-date income. The balance is subject to change as year-to-date income changes. **All inventory is finished goods. Property and equipment, net, consisted of the following (in thousands): June 30, 2021 December 31, 2020 Equipment, furniture and other $ 74,244 $ 61,573 Building and improvements 18,309 18,309 Land 5,300 5,300 Leasehold improvements 26,121 25,776 123,974 110,958 Less: accumulated depreciation and amortization (58,011 ) (47,751 ) $ 65,963 $ 63,207 Other long-term assets consisted of the following (in thousands): June 30, 2021 December 31, 2020 Non-current income tax receivable $ 116,835 $ 122,993 Long-term deferred tax assets 8,525 7,042 Other assets 24,256 23,235 $ 149,616 $ 153,270 Accrued liabilities consisted of the following (in thousands): June 30, 2021 December 31, 2020 Employee compensation and benefits $ 30,362 $ 55,449 Accrued expenses 25,172 24,809 Current portion of operating lease liabilities 16,835 17,893 Accrued severance 4,639 5,332 Third-party royalties 5,453 5,906 Other 8,385 19,646 $ 90,846 $ 129,035 Other long-term liabilities consisted of the following (in thousands): June 30, 2021 December 31, 2020 Long-term income tax payable $ 95,952 $ 94,397 Other 4,208 4,556 $ 100,160 $ 98,953 Accumulated other comprehensive income consisted of the following (in thousands): June 30, 2021 December 31, 2020 Foreign currency translation adjustment, net of tax $ 380 $ 1,345 Unrealized loss on available-for-sale debt securities, net of tax (81 ) (81 ) $ 299 $ 1,264

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2021
Investments Debt And Equity Securities [Abstract]
Financial Instruments	NOTE 5 – FINANCIAL INSTRUMENTS The Company has investments in debt securities which include corporate bonds and notes, treasury and agency notes and bills, commercial paper, certificates of deposit, and in equity securities consisting of money market funds. The Company classifies its debt securities as available-for-sale (“AFS”), which are accounted for at fair value with credit related losses recognized as a provision for credit loss expense in its Condensed Consolidated Statements of Operations and all non-credit related unrealized gains and losses recognized in accumulated other comprehensive income or loss on the Condensed Consolidated Balance Sheets. Under ASU 2016-01 (Topic 321), equity securities are measured at fair value with unrealized gains and losses recognized in other income and expense, net, on the Condensed Consolidated Statements of Operations. The following is a summary of marketable securities at June 30, 2021 and December 31, 2020 (in thousands): June 30, 2021 Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Values Marketable securities Corporate bonds and notes $ 45,277 $ 3 $ (19 ) $ — $ 45,261 Commercial paper 24,940 1 (1 ) — 24,940 Total debt securities 70,217 4 (20 ) — 70,201 Money market funds 7,135 — — — 7,135 Total equity securities 7,135 — — — 7,135 Total marketable securities $ 77,352 $ 4 $ (20 ) $ — $ 77,336 Reported in: Cash and cash equivalents $ 7,135 Available-for-sale debt securities 70,201 Total marketable securities $ 77,336 December 31, 2020 Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit losses Estimated Fair Values Marketable securities Corporate bonds and notes $ 69,973 $ 29 $ (42 ) $ — $ 69,960 Commercial paper 15,991 — (4 ) — 15,987 Treasury and agency notes and bills 32,299 — — — 32,299 Total debt securities 118,263 29 (46 ) — 118,246 Money market funds 3,849 — — — 3,849 Total equity securities 3,849 — — — 3,849 Total marketable securities $ 122,112 $ 29 $ (46 ) $ — $ 122,095 Reported in: Cash and cash equivalents $ 35,148 Available-for-sale debt securities 86,947 Total marketable securities $ 122,095 At June 30, 2021 and December 31, 2020, the Company had $199.2 million and $257.1 million, respectively, in cash, cash equivalents and short-term investments. A significant portion of these amounts was held in marketable securities, as shown above. The remaining balance of $121.8 million and $135.0 million at June 30, 2021 and December 31, 2020, respectively, was cash held in operating accounts not included in the tables above. Debt Securities The gross realized gains and losses on sales of marketable debt securities were not material during the three and six months ended June 30, 2021 and 2020, respectively. Unrealized losses on AFS debt securities were $0.1 million and $0.1 million, net of tax, as of June 30, 2021 and December 31, 2020, respectively. The Company evaluated whether the decline in fair value has resulted from credit losses or other factors and concluded these amounts were related to temporary fluctuations in value of AFS securities and were due primarily to changes in interest rates and market conditions of the underlying securities. In addition, the contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. The Company does not intend to sell the debt securities and it is more-likely-than-not that it will not be required to sell the investments before recovery of their amortized cost bases. The Company did not recognize a provision for credit losses related to its AFS debt securities for the three and six months ended June 30, 2021 and 2020, respectively. The following table summarizes the fair value and gross unrealized losses related to individual AFS debt securities at June 30, 2021 and December 31, 2020, which have been in a continuous unrealized loss position, aggregated by investment category and length of time (in thousands): Less Than 12 Months 12 Months or More Total June 30, 2021 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and notes $ 32,064 $ (19 ) $ — $ — $ 32,064 $ (19 ) Commercial paper 7,445 (1 ) — — 7,445 (1 ) Total $ 39,509 $ (20 ) $ — $ — $ 39,509 $ (20 ) Less Than 12 Months 12 Months or More Total December 31, 2020 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and notes $ 53,137 $ (42 ) $ — $ — $ 53,137 $ (42 ) Commercial paper 12,988 (4 ) — — 12,988 (4 ) Total $ 66,125 $ (46 ) $ — $ — $ 66,125 $ (46 ) The estimated fair value of marketable debt securities by contractual maturity at June 30, 2021 is shown below (in thousands). Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. Estimated Fair Value Due in one year or less $ 50,756 Due in one to two years 19,445 Total $ 70,201 Non-marketable Equity Securities Investments in non-marketable equity securities are accounted for using either the equity method or the cost method. Investments in entities over which the Company has the ability to exercise significant influence, but does not hold a controlling interest, are accounted for using the equity method. Under the equity method, the Company records its proportionate share of income or loss in other income and expense, net, in the Condensed Consolidated Statements of Operations. Investments in entities over which the Company does not have the ability to exercise significant influence are accounted for using the cost method. The Company monitors its non-marketable securities portfolio for potential impairment. When the carrying amount of an investment in a non-marketable security exceeds its fair value and the decline in fair value is determined to be other-than-temporary, the loss is recorded in other income and expense, net, in the Condensed Consolidated Statements of Operations. Upon merging with TiVo on June 1, 2020, the Company assumed certain investments in non-marketable equity securities. As of June 30, 2021 and December 31, 2020, other long-term assets included equity securities accounted for under the equity method with a carrying amount of $4.6 million and $4.2 million, respectively, and equity securities without a readily determinable fair value with a carrying amount of $0.1 million and $0.1 million, respectively. No impairments or adjustments to the carrying amount of the Company's equity securities without a readily determinable fair value were recognized in the three and six months ended June 30, 2021 and 2020, respectively.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value	NOTE 6 – FAIR VALUE The Company follows the authoritative guidance for fair value measurement and the fair value option for financial assets and financial liabilities. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability, or an exit price, in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The established fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets. Level 2 Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. When applying fair value principles in the valuation of assets, the Company is required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company calculates the fair value of its Level 1 and Level 2 instruments based on the exchange traded price of similar or identical instruments, where available, or based on other observable inputs. There were no significant transfers into or out of Level 1 or Level 2 that occurred between December 31, 2020 and June 30, 2021. The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of June 30, 2021 (in thousands): Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities Money market funds - equity securities (1) $ 7,135 $ 7,135 $ — $ — Commercial paper - debt securities (2) 24,940 — 24,940 — Corporate bonds and notes - debt securities (2) 45,261 — 45,261 — Total Assets $ 77,336 $ 7,135 $ 70,201 $ — (1) Reported as cash and cash equivalents in the Condensed Consolidated Balance Sheets. (2) Reported as AFS debt securities in The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of December 31, 2020 (in thousands): Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities Money market funds - equity securities (1) $ 3,849 $ 3,849 $ — $ — Corporate bonds and notes - debt securities (2) 69,960 — 69,960 — Treasury and agency notes and bills - debt securities (3) 32,299 — 32,299 — Commercial paper - debt securities (3) 15,987 — 15,987 — Total Assets $ 122,095 $ 3,849 $ 118,246 $ — (1) Reported as cash and cash equivalents in the Condensed Consolidated Balance Sheets. (2) Reported as AFS debt securities in the Condensed Consolidated Balance Sheets. (3) Reported as cash and cash equivalents if purchased with an original maturity of three months or less at the date of purchase; otherwise reported as AFS debt securities in Financial Instruments Not Recorded at Fair Value The Company’s long-term debt is carried at amortized cost and is measured at fair value on a quarterly basis for disclosure purposes. June 30, 2021 December 31, 2020 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value 2020 Term B Loan Facility (1) $ — $ — $ 839,302 $ 842,579 Refinanced Tern B Loans (1) 783,449 781,490 — — 2021 Convertible Notes 48 48 48 48 Total long-term debt, net $ 783,497 $ 781,538 $ 839,350 $ 842,627 (1) Carrying amounts of long-term debt are net of unamortized debt discount and issuance costs of $26.6 million and $34.4 million as of June 30, 2021 and December 31, 2020, respectively. See “Note 9 – Debt ” for additional information. If reported at fair value in the Condensed Consolidated Balance Sheets, the Company’s debt would be classified within Level 2 of the fair value hierarchy. The fair value of the debt was estimated based on the quoted market prices for the same or similar issues . Non-recurring Fair Value Measurements For purchase accounting related fair value measurements, see “Note 7 – Business Combinations.”

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Business Combinations	NOTE 7 – BUSINESS COMBINATIONS TiVo Effective June 1, 2020, Xperi and TiVo completed the merger of equals transaction (the “Merger”) contemplated by the Agreement and Plan of Merger and Reorganization, dated as of December 18, 2019, as amended on January 31, 2020, (the “Merger Agreement”), by and among Xperi, TiVo, XRAY-TWOLF HoldCo Corporation (“Xperi Holding”), XRAY Merger Sub Corporation (“Xperi Merger Sub”) and TWOLF Merger Sub Corporation (“TiVo Merger Sub”). Immediately prior to the consummation of the Merger, Xperi Holding changed its name to “Xperi Holding Corporation” (the “Company”). Pursuant to the Merger Agreement, (i) Xperi Merger Sub was merged with and into Xperi, with Xperi surviving the merger as a subsidiary of Xperi Holding Corporation (the “Xperi Merger”) and (ii) TiVo Merger Sub was merged with and into TiVo, with TiVo surviving the merger as a subsidiary of Xperi Holding Corporation (the “TiVo Merger” and together with the Xperi Merger, the “Mergers”). Immediately following the consummation of the Mergers, each of Xperi and TiVo became wholly-owned subsidiaries of the Company. The Mergers created a leading consumer and entertainment product/solutions and IP licensing company. The Company’s IP business includes one of the industry’s largest and most successful IP portfolios licensed to a diverse base of customers. On the product side, the Company offers a seamless end-to-end entertainment experience from creation to consumption, with greater scale, technology depth and breadth, and a platform relevant to one of the biggest challenges consumers of entertainment face today – how to quickly and easily find, watch and enjoy entertainment. The Company is currently contemplating and may pursue, subject to any required regulatory approvals, a separation of the Company’s product business and IP licensing business through a tax-efficient transaction, resulting in two independent, publicly traded companies. The Company is evaluating the optimal timing of the contemplated business separation and currently anticipates that such separation will not be completed earlier than the first half of 2022. Merger Consideration The consideration of $828.3 million for the Mergers was calculated as follows (amounts in thousands except exchange ratio and share price): TiVo common shares outstanding as of June 1, 2020 128,132 TiVo exchange ratio 0.455 Xperi Holding Corporation common stock issued in exchange 58,300 Xperi Common Stock closing share price on June 1, 2020 $ 14.00 $ 816,201 Fair value of replaced TiVo equity awards relating to pre-acquisition vesting of the equity award holders’ requisite service periods 12,133 Total merger consideration $ 828,334 Purchase Price Allocation Based on an evaluation of the provisions of ASC 805, “Business Combinations,” Xperi was determined to be the accounting acquirer in the Mergers. The Company has applied the acquisition method of accounting that requires, among other things, that identifiable assets acquired and liabilities assumed generally be recognized on the balance sheet at fair value as of the acquisition date. In determining the fair value, the Company utilized various forms of the income, cost and market approaches depending on the asset or liability being fair valued. The estimation of fair value required significant judgment related to future net cash flows (including revenue, operating expenses, and working capital), discount rates reflecting the risk inherent in each cash flow stream, competitive trends, market comparables, and other factors. Inputs were generally determined by taking into account historical data (supplemented by current and anticipated market conditions) and growth rates. The preliminary fair value estimates and assumptions to measure the assets acquired and liabilities assumed were subject to change as the Company obtained additional information during the measurement period. During the three months ended June 30, 2021, the Company completed its accounting for the Mergers with no further adjustments made to the fair value. The following table sets forth the purchase price allocation, as well as adjustments made during the measurement period ($ in thousands): Estimated Useful Life (years) Preliminary Fair Value (1) Measurement Period Adjustments (2) Final Fair Value (3) Cash and cash equivalents $ 117,424 $ — $ 117,424 Accounts receivable 105,778 — 105,778 Unbilled contracts receivable 69,058 — 69,058 Other current assets 21,690 233 21,923 Long-term unbilled contracts receivable 129 — 129 Property and equipment 41,307 — 41,307 Operating lease right-of-use assets 71,444 — 71,444 Identifiable intangible assets: Patents 10 457,400 Customer contracts and related relationships 4-9 358,200 Developed technology 5 34,800 Content database 9 6,200 Trademarks and tradenames N/A 21,400 Total identifiable intangible assets 878,000 — 878,000 Goodwill 461,129 116 461,245 Other long-term assets 43,700 (141 ) 43,559 Accounts payable (13,258 ) — (13,258 ) Accrued legal fees (5,619 ) — (5,619 ) Accrued liabilities (79,071 ) (530 ) (79,601 ) Current portion of deferred revenue (29,291 ) — (29,291 ) Current portion of long-term debt (734,609 ) — (734,609 ) Deferred revenue, less current portion (24,319 ) — (24,319 ) Long-term deferred tax liabilities (27,949 ) 421 (27,528 ) Long-term debt (48 ) — (48 ) Noncurrent operating lease liabilities (59,291 ) — (59,291 ) Other long-term liabilities (7,870 ) (99 ) (7,969 ) Total purchase price $ 828,334 $ — $ 828,334 (1) As previously reported in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2020. (2) All adjustments were recorded during the 12-month period following the Merger date. These measurement period adjustments primarily related to current indirect taxes payable, current and non-current income taxes receivable and payable, and deferred taxes as additional information was received and tax returns were finalized. All measurement period adjustments were offset against goodwill. (3) As of June 30, 2021. Transaction and Severance Costs In connection with the Mergers, the Company has incurred significant one-time expenses such as transaction and integration related costs (e.g. bankers fees, legal fees, consultant fees, etc.), lease impairment charges due to facilities consolidation, severance and retention costs (including stock-based compensation expense resulting from the contractually-required acceleration of equity instruments for departing executives). Total transaction and integration related costs were $0.1 million and $0.4 million for the three and six months ended June 30, 2021, respectively, and $24.4 million and $27.5 million for the three and six months ended June 30, 2020, respectively. Post-merger severance and retention costs amounted to $1.8 million and $6.4 million for the three and six months ended June 30, 2021, respectively, and $8.2 million and $8.2 million for the three and six months ended June 30, 2020, respectively. Supplemental Pro Forma Information The following unaudited pro forma financial information assumes the companies were combined as of January 1, 2019. The unaudited pro forma financial information as presented below is for informational purposes only and is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information. This is not necessarily indicative of the results of operations that would have been achieved if the Mergers had taken place on January 1, 2019, nor is it necessarily indicative of future results. Consequently, actual results could differ materially from the unaudited pro forma financial information presented below. The following table presents the pro forma operating results as if TiVo had been included in the Company's Consolidated Statements of Operations as of January 1, 2019 (unaudited, in thousands): Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 Revenue $ 230,983 $ 505,878 Net income (loss) attributable to Xperi Holding Corporation $ 32,445 $ (123,009 ) MobiTV On May 31, 2021, the Company completed its acquisition of certain assets and assumption of certain liabilities of MobiTV, Inc. (“MobiTV”, and the acquisition, the “MobiTV Acquisition”), a provider of application-based Pay TV video delivery solutions. The acquisition expands the Company’s IPTV Managed Service capabilities, which is expected to grow the addressable market for the Company’s IPTV products and further secure TiVo’s position as a leading provider of Pay TV solutions. The net purchase price for the MobiTV Acquisition was $17.4 million in cash. Preliminary Purchase Price Allocation The MobiTV Acquisition has been accounted for as a business combination, using the acquisition method. The following table presents the allocation of the purchase price to the identifiable assets acquired and liabilities assumed based on the fair values at the acquisition date, with any excess of the purchase price over the estimated fair value of the identifiable net assets acquired recorded to goodwill, all of which is expected to be deductible for tax purposes. The allocation of the purchase price was based upon a preliminary valuation and thus the estimates and assumptions used are subject to change. Based upon the fair values acquired, the purchase price allocation is as follows ($ in thousands): Estimated Useful Life (years) Estimated Fair Value Other current assets $ 390 Property and equipment 9,223 Operating lease right-of-use assets 1,186 Identifiable intangible assets: Patents 10 5,000 Technology 6 3,260 Total identifiable intangible assets 8,260 Goodwill 4,059 Other long-term assets 115 Accrued liabilities (5,288 ) Noncurrent operating lease liabilities (545 ) Total purchase price $ 17,400 The above allocation of the purchase price is provisional and is still subject to change within the measurement period, including potential adjustments relating to income taxes and indirect taxes as additional information is received. The final allocation of the purchase price is expected to be completed as soon as practicable, but no later than one year from the date of the acquisition. The results of operations and cash flows relating to the business acquired pursuant to the MobiTV Acquisition have been included in the Company’s condensed consolidated financial statements for periods subsequent to May 31, 2021, and the related assets and liabilities were recorded at their estimated fair values in the Company’s Condensed Consolidated Balance Sheet as of May 31, 2021. For the three and six months ended June 30, 2021, the acquired MobiTV business contributed $0.6 million of revenue and $1.1 million of operating loss, respectively, to the operating results of the Company. The operations acquired in the MobiTV Acquisition are included in the Company’s Product segment. Supplemental Pro Forma Information The following unaudited pro forma financial information assumes the MobiTV Acquisition was completed as of January 1, 2020. The unaudited pro forma financial information as presented below is for informational purposes only and is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information. This is not necessarily indicative of the results of operations that would have been achieved if the MobiTV Acquisition had taken place on January 1, 2020, nor is it necessarily indicative of future results. Consequently, actual results could differ materially from the unaudited pro forma financial information presented below. The following table presents the pro forma operating results as if the acquired operations of MobiTV had been included in the Company's Condensed Consolidated Statements of Operations as of January 1, 2020 (unaudited, in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Revenue $ 223,363 $ 139,351 $ 447,727 $ 257,933 Net loss attributable to Xperi Holding Corporation $ (8,606 ) $ (32,315 ) $ (14,868 ) $ (25,126 ) The unaudited supplemental pro forma information above includes the following pro forma adjustments: removal of certain elements of the historical MobiTV business that were not acquired, elimination of inter-company transactions between MobiTV and TiVo, adjustments for transaction related costs, and adjustments to reflect the impact of purchase accounting adjustments. The unaudited supplemental pro forma information above does not include any cost saving synergies from operating efficiencies.

Goodwill and Identified Intangi

Goodwill and Identified Intangible Assets	6 Months Ended
	Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Identified Intangible Assets	NOTE 8 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS Goodwill The changes to the carrying value of goodwill from January 1, 2021 through June 30, 2021 are reflected below (in thousands): December 31, 2020 $ 847,029 Goodwill acquired through a business acquisition (1) 4,059 June 30, 2021 $ 851,088 (2) (1) Related to the MobiTV Acquisition completed in June 2021. For more information regarding the transaction, see “Note 7 - Business Combinations.” (2) The Company's reporting units include the Product segment and the IP Licensing segment (defined further in “Note 16 - Segment and Geographic Information Goodwill at each reporting unit is evaluated for potential impairment annually, as of the beginning of the fourth quarter, and whenever events or changes in circumstances indicate the carrying amount of goodwill may not be recoverable. Identified Intangible Assets Identified intangible assets consisted of the following (in thousands): Average June 30, 2021 December 31, 2020 Life (Years) Gross Assets Accumulated Amortization Net Gross Assets Accumulated Amortization Net Finite-lived intangible assets Acquired patents / core technology (1) 3-15 $ 664,085 $ (196,056 ) $ 468,029 $ 659,085 $ (167,916 ) $ 491,169 Existing technology / content database (2) 5-10 251,445 (189,001 ) 62,444 248,110 (169,326 ) 78,784 Customer contracts and related relationships 3-9 650,132 (310,526 ) 339,606 650,171 (256,199 ) 393,972 Trademarks/trade name 4-10 40,083 (23,317 ) 16,766 40,083 (21,029 ) 19,054 Non-competition agreements 1 2,231 (2,231 ) — 2,231 (2,231 ) — Total finite-lived intangible assets 1,607,976 (721,131 ) 886,845 1,599,680 (616,701 ) 982,979 Indefinite-lived intangible assets TiVo Tradename/trademarks N/A 21,400 — 21,400 21,400 — 21,400 Total intangible assets $ 1,629,376 $ (721,131 ) $ 908,245 $ 1,621,080 $ (616,701 ) $ 1,004,379 (1) In June 2021, patents were acquired through the MobiTV Acquisition with a purchase price value equal to $5.0 million. See “Note 7 – Business Combinations.” (2) In June 2021, existing technology was acquired through the MobiTV Acquisition with a purchase price value equal to $3.3 million. See “Note 7 – Business Combinations.” As of June 30, 2021, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands): 2021 (remaining 6 months) $ 98,737 2022 155,140 2023 144,169 2024 105,256 2025 80,896 Thereafter 302,647 $ 886,845

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	NOTE 9 – DEBT The outstanding amounts of debt were as follows (in thousands): June 30, 2021 December 31, 2020 2020 Term B Loan Facility $ — $ 873,750 Refinanced Term B Loans 810,000 — 2021 Convertible Notes 48 48 Unamortized debt discount and issuance costs (26,551 ) (34,448 ) 783,497 839,350 Less: current portion, net of debt discount and issuance costs (36,028 ) (43,689 ) Total long-term debt, net of current portion $ 747,469 $ 795,661 2020 Term B Loan Facility On June 1, 2020, in connection with the consummation of the Mergers with TiVo five-year Term B Loan Facility was amortize d in aggregate quarterly amounts equal to (i) with respect to repayments occurring on or prior to June 1, 2023, 1.25 % of the original principal amount of the 2020 Term B Loan Facility and (ii) with respect to repayments occurring after June 1, 2023 and prior to June 1, 2025, 1.875 % of the original principal amount of the 2020 Term B Loan Facility, with the balance payable on the maturity date of the 2020 Term B Loan Facility (in each case subject to adjustment for prepayments). The 2020 Term B Loan Facility was scheduled to mature on June 1, 2025 . Upon the closing of the 2020 Credit Agreement, the Company borrowed $ 1,050 million under the 2020 Term B Loan Facility . Net proceeds were used on June 1, 2020, together with cash and cash equivalents, to refinance the existing indebtedness of the combined Company , including paydown of the TiVo 2019 Term Loan of $ 734.6 million. See “Note 7 – Business Combination s ” for additional information relating to the Mergers. Additionally, debt discount and issuance costs of approximately $ 39.7 million were incurred and capitalized in connection with the 2020 Term B Loan Facility in June 2020. The Company commenced repaying quarterly installments under the 2020 Term B Loan Facility in the third quarter of 2020, and also elected to make a voluntary principal payment of $ 150.0 million on December 31, 2020. Refinanced Term B Loans On June 8, 2021, the Company and the loan parties entered into Amendment No. 1 to the 2020 Credit Agreement (the “Amendment”). In connection with the Amendment, the Company made a voluntary prepayment of $50.6 million of the term loan outstanding under the 2020 Credit Agreement using cash on hand. The Amendment provided for, among other things, (i) a replacement of the outstanding term loans with a new tranche of term loans (the “Refinanced Term B Loans”) in an aggregate principal amount of $810.0 million, (ii) a reduction of the interest rate margin applicable to such loans to (x) in the case of base rate loans, 2.50% per annum and (y) in the case of Eurodollar loans, LIBOR plus a margin of 3.50% per annum, (iii) a prepayment premium of 1.00% in connection with any repricing transaction with respect to the Refinanced Term B Loans within six months of the closing date of the Amendment, (iv) an extension of the maturity to June 8, 2028, and (v) certain additional amendments, including amendments to provide the Company with additional flexibility under the covenant governing restricted payments. The obligations under the 2020 Credit Agreement, inclusive of any changes by the Amendment, continue to be guaranteed by Xperi, TiVo and certain other of the Company’s wholly-owned material domestic subsidiaries (collectively, the “Guarantors”) and continue to be secured by a lien on substantially all of the assets of the Company and the Guarantors. The 2020 Credit Agreement, as amended, contains customary events of default, upon the occurrence of which, after any applicable cure period, the lenders will have the ability to accelerate all outstanding loans thereunder. The 2020 Credit Agreement, as amended, also contains customary representations and warranties and affirmative and negative covenants that, among other things and subject to certain exceptions, restrict the ability of the Company and its subsidiaries to create or incur certain liens, incur or guarantee additional indebtedness, merge or consolidate with other companies, transfer or sell assets and make restricted payments. The Company was in compliance with all requirements as of June 30, 2021. The 2020 Credit Agreement, as amended, also requires the Company to make additional cash payments on an annual basis beginning in March 2023 based on certain leverage ratios and excess cash flow generated for the immediately preceding fiscal year. Certain lenders of the 2020 Term B Loan Facility participated in the Amendment and the changes in terms were not considered substantial. Accordingly, the Company accounted for the refinancing event for these lenders as a debt modification under ASC 470-50, “Debt — Modifications and Extinguishments.” Under its policy, the Company elected to continue to defer the unamortized debt discount and issuance costs for these continuing lenders related to the partial pay-down of the debt. Certain lenders of the 2020 Term B Loan Facility did not participate in the Amendment. Accordingly, the Company accounted for the refinancing event for these lenders as a debt extinguishment. As a result, the Company recorded an $8.0 million loss on debt extinguishment in the second quarter of 2021, related to the write-off of unamortized debt discount and issuance costs for the portions of the 2020 Term B Loan Facility considered to be extinguished. In connection with its entry into the Amendment, the Company incurred $6.8 million in debt financing costs, of which $4.2 million were capitalized in accordance with ASC 835-30 “Debt Issuance Costs” and, together with a portion of the unamortized debt discount and issuance costs from the 2020 Term B Loan Facility, are being amortized into interest expense over the term of the Amendment. Under ASC 470-50, the remaining $2.6 million, primarily related to third-party fees, were recorded as selling, general and administrative 2018 Amended Term B Loan On December 1, 2016, in connection with the consummation of the acquisition of DTS, the Company entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, Royal Bank of Canada, as administrative agent and collateral agent, and the lenders party thereto. The Credit Agreement provided for a $600.0 million seven-year On January 23, 2018, the Company and the loan parties entered into an amendment to the Credit Agreement (the 2018 “Amendment”). In connection with the 2018 Amendment, the Company made a voluntary prepayment of $100.0 million of the term loan outstanding under the Credit Agreement using cash on hand. The 2018 Amendment provided for, among other things, a replacement of the outstanding initial term loan with the new tranche term B-1 loan in a principal amount of $494.0 million. On June 1, 2020, the entire remaining balance of $344.0 million was paid off using proceeds from the 2020 Term B Loan Facility in connection with the Mergers. As a result of the refinancing transaction, the Company recorded a loss on early extinguishment of debt of $8.3 million, which consisted of unamortized debt discount and issuance costs, in its Condensed Consolidated Statements of Operations during the second quarter of 2020. 2019 Term Loan Facility In connection with the Mergers, the Company paid off the outstanding balance under TiVo’s 2019 Term Loan. The 2019 Term Loan Facility Agreement was entered into on November 22, 2019 between TiVo, as borrower, and the lenders party thereto and HPS Investment Partners, LLC as administrative agent and collateral agent. Under the 2019 Term Loan, TiVo borrowed $715.0 million, which was scheduled to mature on November 22, 2024. Under the 2019 Term Loan Facility Agreement, TiVo was required to pay a 3.0% prepayment premium if the loan was prepaid on or prior to November 22, 2020. Further, under the same Loan Facility Agreement, the Mergers triggered certain change of control conditions that constituted an event of default, thus requiring the debt to be repaid immediately following the consummation of the Mergers. Using the proceeds from the aforementioned 2020 Term B Loan Facility, the Company, on June 1, 2020, made a full repayment of the 2019 Term Loan along with the prepayment penalty for a total payoff amount of $734.6 million. 2021 Convertible Notes Upon consummation of the TiVo Merger on June 1, 2020, the Company assumed $48.0 thousand of Convertible Senior Notes that were issued by TiVo Solutions Inc. in September 2014 and mature October 1, 2021 (the “2021 Convertible Notes”). The 2021 Convertible Notes bear interest at an annual rate of 2.0%, payable semi-annually in arrears on April 1 and October 1 of each year. Interest Expense and Expected Principal Payments At June 30, 2021, $810.0 million in total debt was outstanding with an interest rate, including the amortization of debt discount and issuance costs, of 5.0%. There were also $26.6 million of unamortized debt discount and issuance costs recorded as a reduction from the carrying amount of the debt. Interest is payable monthly on the Refinanced Term B Loans. Interest expense was $10.6 million and $21.9 million for the three and six months ended June 30, 2021, respectively. Interest expense was $7.0 million and $11.2 million for the three and six months ended June 30, 2020, respectively. Amortized debt discount and issuance costs, which were included in interest expense, amounted to $1.9 million and $4.1 million for the three and six months ended June 30, 2021, respectively, and $1.2 million and $1.8 million for the three and six months ended June 30, 2020, respectively. As of June 30, 2021, future minimum principal payments for long-term debt are summarized as follows (in thousands): 2021 (remaining 6 months) $ 20,250 2022 40,500 2023 40,500 2024 40,500 2025 40,500 Thereafter 627,750 Total $ 810,000

Net Income(Loss) Per Share

Net Income(Loss) Per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	NOTE 10 – NET INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted shares (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Denominator: Weighted average shares of common stock outstanding 104,906 69,160 104,923 59,462 Less: shares of restricted stock subject to repurchase — — — — Total common shares-basic 104,906 69,160 104,923 59,462 Effect of dilutive securities: Options — — 29 — Restricted stock awards and units — — 2,715 — Total common shares-diluted 104,906 69,160 107,667 59,462 Basic net income (loss) per share is computed using the weighted average number of shares of common stock outstanding during the period, excluding any unvested restricted stock awards that are subject to repurchase. Diluted net income per share is computed using the treasury stock method to calculate the weighted average number of shares of common stock and, if dilutive, potential common shares outstanding during the period. Potentially dilutive common shares include unvested restricted stock awards and units and incremental common shares issuable upon the exercise of stock options, less shares repurchased from assumed proceeds. The assumed proceeds calculation includes actual proceeds to be received from the employee upon exercise and the average unrecognized stock compensation cost during the period. For the three months ended June 30, 2021, there was no difference in the weighted average number of common shares used for the calculation of basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. A total of 5.8 million shares, subject to stock options and restricted stock awards and units, were excluded from the computation of diluted net loss per share for the three months ended June 30, 2021, because including them would have been anti-dilutive. For the six months ended June 30, 2021, in the calculation of net income per share, 2.1 million shares, subject to stock options and restricted stock awards and units, were excluded from the computation of diluted net income per share as they were anti-dilutive. For the three and six months ended June 30, 2020, there was no difference in the weighted average number of common shares used for the calculation of basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. A total of 4.7 million and 3.8 million shares, subject to stock options and restricted stock awards and units, were excluded from the computation of diluted net loss per share for the three and six months ended June 30, 2020, respectively, because including them would have been anti-dilutive.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stockholders' Equity	NOTE 11 – STOCKHOLDERS’ EQUITY As described in Note 7, Xperi and TiVo completed the Mergers on June 1, 2020 to form Xperi Holding Corporation. Upon completion of the Mergers, each share of common stock of Xperi was converted into the right to receive one fully paid and non-assessable share of Company Common Stock. Further upon completion of the Mergers, each share of TiVo Common Stock was converted into the right to receive 0.455 fully paid and non-assessable shares of the Company Common Stock (the “Exchange Ratio”), in addition to cash in lieu of any fractional shares of the Company Common Stock. Following the Mergers, Xperi Common Stock and TiVo Common Stock were delisted from Nasdaq. Since June 2, 2020, the shares of Company Common Stock have been listed for trading on Nasdaq under ticker symbol “XPER.” Equity Incentive Plans Prior to the Merger Date, the Company had implemented and granted equity awards under the Xperi Corporation Seventh Amended and Restated 2003 Equity Incentive Plan. As of the effective date of the Mergers, no future grants will be made under the plan. The 2020 EIP In connection with the Mergers and immediately prior to June 1, 2020, the Company adopted the Xperi Holding Corporation 2020 Equity Incentive Plan (the “2020 EIP”). Under the 2020 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, restricted stock units, stock appreciation rights, dividend equivalents and performance awards (or any combination thereof). A total of 8,000,000 shares have been reserved for issuance under the 2020 EIP provided that each share issued pursuant to “full value” awards (i.e., stock awards, restricted stock awards, restricted stock units, performance awards and dividend equivalents) are counted against shares available for issuance under the 2020 EIP on a 1.5 to 1 ratio . The 2020 EIP provides for option grants designed as either incentive stock options or nonstatutory options. Options generally are granted with an exercise price not less than the value of the common stock on the grant date and have a term of ten years from the date of grant and vest over a four-year Assumed Plans On June 1, 2020, the Company assumed all then-outstanding stock options, awards, and shares available and reserved for issuance under all legacy Equity Incentive Plans of TiVo (collectively, the “Assumed Plans”). Stock options assumed from the Assumed Plans generally have vesting periods of four years and a contractual term of seven years. Awards of restricted stock and restricted stock units assumed from the Assumed Plans are generally subject to a four year vesting period. The number of shares subject to stock options and restricted stock unit awards outstanding under these plans are included in the tables below. Shares reserved under the Assumed Plans will be available for future grants. As of June 30, 2021, there were 5.3 million shares reserved for future grants under both the 2020 EIP and the Assumed Plans. A summary of the stock option activity is presented below (in thousands, except per share amounts): Options Outstanding Number of Shares Subject to Options Weighted Average Exercise Price Per Share Balance at December 31, 2020 637 $ 29.59 Options granted — — Options exercised (37 ) $ 20.28 Options canceled / forfeited / expired (140 ) $ 44.91 Balance at June 30, 2021 460 $ 25.71 Restricted Stock Awards and Units Information with respect to outstanding restricted stock awards and units as of June 30, 2021 Restricted Stock and Restricted Stock Units Number of Shares Subject to Time- based Vesting Number of Shares Subject to Performance- based Vesting Total Number of Shares Weighted Average Grant Date Fair Value Per Share Balance at December 31, 2020 5,662 1,061 6,723 $ 16.63 Awards and units granted 2,999 645 3,644 $ 23.59 Awards and units vested / earned (1,050 ) — (1,050 ) $ 20.61 Awards and units canceled / forfeited (505 ) (42 ) (547 ) $ 16.49 Balance at June 30, 2021 7,106 1,664 8,770 $ 19.05 Performance Awards and Units Performance awards and units may be granted to employees or consultants based upon, among other things, the contributions, responsibilities and other compensation of the particular employee or consultant. The value and the vesting of such performance awards and units are generally linked to one or more performance goals or certain market conditions determined by the 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 percent of the gran t. For performance awards subject to a market vesting condition (“market-based PSUs”) , 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 . Employee Stock Purchase Plans Prior to the Mergers, the Company had implemented the Xperi Corporation 2003 Employee Stock Purchase Plan and the International Employee Stock Purchase Plan, both of which were terminated immediately prior to the effective time of the Mergers. In connection with the Mergers and immediately prior to June 1, 2020, the Company adopted the Xperi Holding Corporation 2020 Employee Stock Purchase Plan (the “2020 ESPP”). The 2020 ESPP is implemented through consecutive overlapping 24-month offering periods, each of which is comprised of four six-month purchase periods. The first offering period commenced on September 1, 2020 and will end on August 31, 2022. Each subsequent offering period under the 2020 ESPP will be twenty-four (24) months long and will commence on each September 1 and March 1 during the term of the plan. Participants may contribute up to 100% of their base earnings and commissions through payroll deductions, and the accumulated deductions will be applied to the purchase of shares on each semi-annual purchase date. The purchase price per share will equal 85% of the fair market value per share on the start date of the offering period or, if lower, 85% of the fair market value per share on the semi-annual purchase date. An eligible employee’s right to buy the Company’s common stock under the 2020 ESPP may not accrue at a rate in excess of $25,000 of the fair market value of such shares per calendar year for each calendar year of an offering period. If the fair market value per share of the Company’s common stock on any purchase date during an offering period is less than the fair market value per share on the start date of the 24-month offering period, then that offering period will automatically terminate and a new 24-month offering period will begin on the next business day. All participants in the terminated offering will be transferred to the new offering period. As of June 30, 2021 Stock Repurchase Programs Following the termination of Xperi’s prior stock repurchase program after the closing of the Mergers, on June 12, 2020 the Board of Directors (the “Board”) of the Company authorized a new stock repurchase program providing for the repurchase of up to $150.0 million of the Company's Common Stock dependent on market conditions, share prices and other factors. On April 22, 2021, the Board authorized an additional $100.0 million of purchases under the existing stock repurchase plan. As of June 30, 2021, the Company has repurchased a total of approximately 6.4 million shares of common stock, since inception of the plan, at an average price of $16.30 per share for a total cost of $105.1 million. As of December 31, 2020, the Company had repurchased a total of approximately 4.9 million shares of common stock, since inception of the plan, at an average price of $14.25 per share for a total cost of $70.1 million. The shares repurchased are recorded as treasury stock and are accounted for under the cost method. No expiration date has been specified for this plan. As of June 30, 2021, the total remaining amount available for repurchase under this plan was $144.9 million. The Company expects to continue to execute authorized repurchases from time to time under the plan. The Company issues restricted stock units as part of the equity incentive plans described above. For the majority of restricted awards, shares are withheld to satisfy required withholding taxes at the vesting date. Shares withheld to satisfy required withholding taxes in connection with the vesting of restricted awards are treated as common stock repurchases in the condensed consolidated financial statements because they reduce the number of shares that would have been issued on vesting. However, these withheld shares are not included in common stock repurchases under the Company's authorized share repurchase plan. During the three months ended June 30, 2021 and 2020, the Company withheld 0.1 million and 0.2 million shares of common stock to satisfy $1.0 million and $2.8 million of required withholding taxes, respectively. During the six months ended June 30, 2021 and 2020, the Company withheld 0.4 million and 0.4 million shares of common stock to satisfy $8.3 million and $5.9 million of required withholding taxes, respectively.

Stock-Based Compensation Expens

Stock-Based Compensation Expense	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation Expense	NOTE 12 – STOCK-BASED COMPENSATION EXPENSE The effect of recording stock-based compensation (“SBC”) expense for the three and six months ended June 30, 2021 and 2020 is as follows (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Cost of licensing, services and software revenue $ 529 $ 73 $ 852 $ 73 Research, development and other related costs 4,810 2,838 9,157 5,874 Selling, general and administrative 9,496 5,558 18,045 10,509 Total stock-based compensation expense 14,835 8,469 28,054 16,456 Tax effect on stock-based compensation expense (180 ) (353 ) (334 ) (1,495 ) Net effect on net income (loss) $ 14,655 $ 8,116 $ 27,720 $ 14,961 SBC expense categorized by various equity components for the three and six months ended June 30, 2021 and 2020 is summarized in the table below (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Restricted stock awards and units $ 13,400 $ 8,147 $ 25,330 $ 15,440 Employee stock purchase plan 1,414 296 2,684 986 Employee stock options 21 26 40 30 Total stock-based compensation expense $ 14,835 $ 8,469 $ 28,054 $ 16,456 There were no options granted in the three and six months ended June 30, 2021 and 2020. The following assumptions were used to value the restricted stock units subject to market conditions granted during the period: March 2021 July 2020* Expected life (years) 3.0 3.0 Risk-free interest rate 0.3 % 0.2 % Dividend yield 1.0 % 1.4 % Expected volatility 47.9 % 51.3 % *There were no market-based PSUs granted prior to July 2020. ESPP grants occur in March and September. Prior to the Mergers, the final ESPP grant under the legacy ESPP program was in February 2020. The following assumptions were used to value the ESPP shares for these grants: March 2021 September 2020 February 2020 Expected life (years) 2.0 2.0 2.0 Risk-free interest rate 0.1 % 0.1 % 1.4 % Dividend yield 1.2 % 1.4 % 4.0 % Expected volatility 52.0 % 57.5 % 45.8 %

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 13 – INCOME TAXES For the three months ended June 30, 2021, the Company recorded an income tax benefit of $2.9 million on pretax loss of $4.7 million and for the six months ended June 30, 2021, the Company recorded an income tax benefit of $6.9 million on a pretax loss of $4.2 million, which resulted in an effective tax rate of 162.6% for the six months ended June 30, 2021. The income tax benefit for the three and six months ended June 30, 2021 was primarily related to foreign withholding taxes, U.S. federal base erosion and anti-abuse tax (“BEAT”) and unrealized foreign exchange loss from the prior year South Korea refund claims. The Company’s effective tax rate was based on the projected 2021 GAAP U.S. pretax loss and is significantly higher than the 21% U.S. federal tax rate. The Company’s effective tax rate is the result of the most significant components of income tax expense, primarily driven by foreign withholding and BEAT . For the three months ended June 30, 2020, the Company recorded an income tax benefit of $9.3 million on a pretax loss of $32.4 million and for the six months ended June 30, 2020, the Company recorded an income tax benefit of $7.2 million on a pretax loss of $11.6 million, which resulted in an effective tax rate of 62.7% for the six months ended June 30, 2020. The tax benefit of $7.2 million is comprised of a $10.5 million tax benefit related to the five month pre-merger period and a tax expense of $3.3 million related to the one month post-merger period. The five month pre-merger income tax benefit of $10.5 million was primarily related to a net decrease in valuation allowance as a result of the Mergers, deduction from foreign-derived intangible income, releases of unrecognized tax benefits due to the lapse of applicable statutes of limitation offset by tax expense from operating income, shortfalls from stock-based compensation, certain non-deductible expenses, and unrealized foreign exchange losses from the prior period South Korea refund claim. The one month post-merger income tax expense of $3.3 million was primarily related to income tax expense from foreign operations, foreign withholding taxes and U.S. federal minimum tax. As of June 30, 2021, gross unrecognized tax benefits increased $1.6 million to $228.7 million compared to $227.2 million as of December 31, 2020. This was included in long-term deferred tax and other long-term liabilities on the Condensed Consolidated Balance Sheets. Of this amount, $96.0 million would affect the effective tax rate if recognized. As of June 30, 2020, gross unrecognized tax benefits of $184.0 million were included in long-term deferred tax and other long-term liabilities on the Condensed Consolidated Balance Sheets. Of this amount, $99.6 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. The Company recognized interest and penalties related to unrecognized tax benefits of $0.8 million and an insignificant amount for the six months ended June 30, 2021 and 2020, respectively. Accrued interest and penalties were $3.4 million and $2.5 million as of June 30, 2021 and December 31, 2020, respectively. As of June 30, 2021, the Company’s 2016 through 2020 tax years are generally open and subject to potential examination in one or more jurisdictions. Earlier tax years for the Company and its subsidiaries are also open in certain jurisdictions which are currently subject to examination. In addition, in the U.S., 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 examination. The Company has submitted withholding tax refund claims with the South Korean authorities, and the final outcome is not anticipated to be settled within the next twelve months.

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	NOTE 14 – LEASES The Company leases office and research facilities, data centers and office equipment under operating leases which expire through 2029. The Company’s leases have remaining lease terms of one year to eight years, some of which may include options to extend the leases for five years or longer, and some of which may include options to terminate the leases within the next 6 years or less. 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. As a practical expedient, the Company elected, for all office and facility leases, not to separate nonlease components (e.g., common-area maintenance costs) from lease components (e.g., fixed payments including rent) and instead to account for each separate lease component and its associated non-lease components as a single lease component. As most of the leases do not provide an implicit rate, the Company generally, for purposes of discounting lease payments, uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. 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. The components of operating lease costs were as follows (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Fixed lease cost (1) $ 5,528 $ 3,323 $ 10,994 $ 5,156 Variable lease cost 1,187 594 2,552 941 Less: sublease income (3,157 ) (843 ) (5,346 ) (843 ) Total operating lease cost $ 3,558 $ 3,074 $ 8,200 $ 5,254 (1) Includes short-term leases, which were immaterial. Other information related to leases was as follows (in thousands, except lease term and discount rate): Three Months Ended, Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,761 $ 3,088 $ 11,316 $ 4,726 ROU assets obtained in exchange for new lease liabilities: Operating leases $ 3,478 $ 3,673 $ 3,478 $ 3,673 June 30, 2021 December 31, 2020 Weighted-average remaining lease term (years): Operating leases 4.8 5.1 Weighted-average discount rate: Operating leases 5.1 % 5.2 % Future minimum lease payments and related lease liabilities as of June 30, 2021 were as follows (in thousands): Operating Lease Payments (1) Sublease Income Net Operating Lease Payments 2021 (remaining 6 months) $ 10,258 $ (3,189 ) $ 7,069 2022 19,597 (7,404 ) 12,193 2023 17,620 (7,533 ) 10,087 2024 16,589 (7,610 ) 8,979 2025 15,009 (7,386 ) 7,623 Thereafter 9,420 (935 ) 8,485 Total lease payments 88,493 (34,057 ) 54,436 Less: imputed interest (10,379 ) — (10,379 ) Present value of lease liabilities: $ 78,114 $ (34,057 ) $ 44,057 Less: current obligations under leases (accrued liabilities) 16,835 Noncurrent operating lease liabilities $ 61,279 (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. As of December 31, 2020, future minimum lease payments were as follows (in thousands): Operating Lease Payments Sublease Income Net Operating Lease Payments 2021 $ 21,825 $ (6,257 ) $ 15,568 2022 18,420 (6,117 ) 12,303 2023 16,776 (6,231 ) 10,545 2024 15,719 (6,293 ) 9,426 2025 14,635 (6,279 ) 8,356 Thereafter 8,966 (935 ) 8,031 Total lease payments 96,341 (32,112 ) 64,229 Less: imputed interest (12,205 ) — (12,205 ) Present value of lease liabilities: $ 84,136 $ (32,112 ) $ 52,024 Less: current obligations under leases (accrued liabilities) 17,893 Noncurrent operating lease liabilities $ 66,243

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 15 – 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, 2021, the Company’s total future unconditional purchase obligations were approximately $137.3 million. Additionally, under certain other contractual arrangements, the Company may be obligated to pay up to $2.3 million, a majority of which is expected to be paid by 2022, if certain milestones are achieved. On December 31, 2019, TiVo entered into a contract requiring the Company to generate a minimum number of Qualified Referred Subscribers (as defined in the contract) over a 30 month period. In the event that the aggregate number of Qualified Referred Subscribers generated by the Company within the specified time period is less than the minimum guaranteed subscribers, the Company was required to pay an amount equal to the shortfall between the number of Qualified Referred Subscribers generated by the Company and the required minimum multiplied by a per Qualified Referred Subscribers fee, up to a maximum of $5.0 million. During the second quarter of 2021, the Company renegotiated the contract and agreed to the revised terms by removing the commitment to pay a shortfall in the number of Qualified Referred Subscribers as previously defined. As part of the contract revision, the Company agreed to, on or before June 30, 2022, promote the other party’s TV services by purchasing and displaying a certain number of video ad impressions over the course of three or more campaigns. The cost of the impressions is estimated at $0.8 million and was accrued in the Company’s Condensed Consolidated Balance Sheets as of June 30, 2021. Inventory Purchase Commitment The Company uses contract manufacturers to provide manufacturing services for its products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate supply, the Company enters into agreements with its contract manufacturers that either allow them to procure inventory based on criteria as defined by the Company or that establish the parameters defining the Company’s requirements. A significant portion of the Company’s purchase commitments arising from these agreements consist of firm, non-cancelable and unconditional purchase commitments. In certain instances, these agreements allow the Company the option to cancel, reschedule or adjust the Company’s requirements based on its business needs prior to firm orders being placed. As of June 30, 2021, the Company had total purchase commitments for inventory of $11.8 million, of which $1.1 million was accrued in the Condensed Consolidated Balance Sheet. 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 nature of the claim asserted; the relative merits of the claim; the financial ability of the party suing the indemnified party 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. To date, no such claims have been filed against the Company 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 immaterial. 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, should they occur. Contingencies At each reporting period, the Company evaluates whether or not a potential loss amount or a potential range of losses is probable and reasonably estimable under the provisions of the authoritative guidance that addresses accounting for contingencies. The Company is currently unable to predict the final outcome of lawsuits to which it is a party and therefore cannot determine the likelihood of loss nor estimate a range of possible losses. An adverse decision in any of these proceedings could significantly harm the Company’s business and consolidated financial position, results of operations or cash flows. The Company and its subsidiaries are involved in litigation matters and claims in the normal course of business. In the past, the Company and its subsidiaries have litigated to enforce their respective patents and other intellectual property rights, to enforce the terms of license agreements, to protect trade secrets, to determine the validity and scope of the proprietary rights of others and to defend itself or its customers against claims of infringement or invalidity. The Company expects it or its subsidiaries will be involved in similar legal proceedings in the future, including proceedings regarding infringement of its patents, and proceedings to ensure proper and full payment of royalties by licensees under the terms of its license agreements. The existing and any future legal actions may harm the Company’s business. For example, legal actions could cause an existing licensee or strategic partner to cease making royalty or other payments to the Company, or to challenge the validity and enforceability of patents owned by the Company’s subsidiaries or the scope of license agreements with the Company’s subsidiaries, or could significantly damage the Company’s relationship with such licensee or strategic partner and, as a result, prevent the adoption of the Company’s other technologies by such licensee or strategic partner. Litigation could also severely disrupt or shut down the business operations of licensees or strategic partners of the Company’s subsidiaries, which in turn would significantly harm ongoing relations with them and cause the Company to lose royalty revenue. The costs associated with legal proceedings are typically high, relatively unpredictable, and not completely within the Company’s control. These costs may be materially higher than expected, which could adversely affect the Company’s operating results and lead to volatility in the price of its common stock. Whether or not determined in the Company’s favor or ultimately settled, litigation diverts managerial, technical, legal, and financial resources from the Company’s business operations. Furthermore, an adverse decision in any of these 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.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 16 – SEGMENT AND GEOGRAPHIC INFORMATION The Company reports its financial results within two reportable segments: (1) Product and (2) Intellectual Property (“IP”) Licensing. There are certain corporate overhead costs that are not allocated to these reportable segments because these operating amounts are not considered in evaluating the operating performance of the Company’s business segments. Reportable segments are identified based on the Company's organizational structure and information reviewed by the Company’s chief operating decision maker (“CODM”) to evaluate performance and allocate resources. The Company’s Chief Executive Officer is also the CODM as defined by the authoritative guidance on segment reporting. The Product segment consists primarily of licensing Company-developed audio, digital radio, imaging, edge-based machine learning and multi-channel video user experience (“UX”) solutions. Audio, digital radio, imaging solutions and edge-based machine learning include the delivery of software and/or hardware-based solutions to the Company’s consumer electronics (“CE”) customers, automotive manufacturers or their supply chain partners. UX products and services revenue is primarily derived from multi-channel video service providers and CE manufacturers, licensing the TiVo service and selling TiVo-enabled devices like the Stream 4K, Personalized Content Discovery, enriched Metadata, viewership data and advertising . The IP Licensing segment consists primarily of licensing the Company’s innovations to leading companies in the media and semiconductor industries. Licensing arrangements include access to one or more of the Company’s foundational patent portfolios and may also include access to some of its industry-leading technologies and proven know-how. In media, the Company’s licensees include multichannel video programming distributors, OTT video service providers, consumer electronics manufacturers, social media, and other new media companies. In semiconductor, the Company’s licensees include memory, sensors, RF component, and foundry companies. The Company does not identify or allocate assets by reportable segment, nor does the CODM evaluate reportable segments using discrete asset information. Reportable segments do not record inter-segment revenue and accordingly there are none to report. The Company does not allocate other income and expense to reportable segments. Although the CODM uses operating income to evaluate reportable segments, operating costs included in one segment may benefit other segments. The following table sets forth the Company’s segment revenue, operating expenses and operating income (loss) for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Revenue: Product segment $ 120,426 $ 64,124 $ 244,008 $ 120,066 IP Licensing segment 101,846 73,507 199,860 135,230 Total revenue 222,272 137,631 443,868 255,296 Operating expenses: Product segment 105,047 66,557 213,579 112,794 IP Licensing segment 34,875 20,449 68,442 30,744 Unallocated operating expenses (1) 69,096 68,344 138,194 104,950 Total operating expenses 209,018 155,350 420,215 248,488 Operating income (loss): Product segment 15,379 (2,433 ) 30,429 7,272 IP Licensing segment 66,971 53,058 131,418 104,486 Unallocated operating expenses (1) (69,096 ) (68,344 ) (138,194 ) (104,950 ) Total operating income (loss) $ 13,254 $ (17,719 ) $ 23,653 $ 6,808 (1) Unallocated operating expenses consist primarily of selling, marketing, general and administrative expenses, such as administration, human resources, finance, information technology, corporate development and procurement. These expenses are not allocated because these amounts are not considered in evaluating the operating performance of the Company’s business segments. A significant portion of the Company’s revenue is derived from licensees headquartered outside of the U.S., principally in Asia, and it is expected that this revenue will continue to account for a significant portion of total revenue in future periods. The table below lists the geographic revenue for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 U.S. $ 141,510 64 % $ 43,049 31 % $ 273,008 62 % $ 66,094 26 % Japan 24,258 11 14,032 10 50,702 11 65,354 26 South Korea 15,273 7 60,974 45 33,786 8 88,557 35 Europe and Middle East 14,849 6 6,982 5 31,270 7 11,430 4 Other 26,382 12 12,594 9 55,102 12 23,861 9 $ 222,272 100 % $ 137,631 100 % $ 443,868 100 % $ 255,296 100 % For the three months ended June 30, 2021 and 2020, there were no customers and one customer, respectively, that each accounted for 10% or more of total revenue. For the six months ended June 30, 2021 and 2020, there were no customers and two customers, respectively, that each accounted for 10 % or more of total revenue. A s of June 30 , 2021 and December 31, 20 20 , there were one customer and two customers , respectively, that each accounted for 10 % or more of total accounts receivable.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 17 - SUBSEQUENT EVENTS On July 26, 2021, the Board declared a cash dividend of $0.05 per share of common stock, payable on September 14, 2021 to the stockholders of record at the close of business on August 24, 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Accounting	The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States (“U.S.”) and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The amounts as of December 31, 2020 have been derived from the Company’s annual audited financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2020, filed on February 26, 2021 (the “Form 10-K”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted in accordance with such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary (consisting of normal recurring adjustments) to state fairly the financial position of the Company and its results of operations and cash flows as of and for the periods presented. These financial statements should be read in conjunction with the annual audited financial statements and notes thereto as of and for the year ended December 31, 2020, included in the Form 10-K.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the 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 estimation of variable consideration, judgment used to estimate the progress toward completion in the Company’s engineering services, the collectability of accounts receivable, other intangible assets and investments, the assessment of the recoverability of goodwill, the assessment of useful lives and recoverability of other intangible assets and long-lived assets, recognition and measurement of current and deferred income tax assets and liabilities, the assessment of unrecognized tax benefits, and purchase accounting resulting from business combinations, among others. Actual results experienced by the Company may differ from management’s estimates. The COVID-19 pandemic has resulted in a global slowdown of economic activity which has reduced demand for a broad variety of goods and services, while disrupting sales channels, marketing activities and supply chains. The Company’s business operations have been negatively impacted by the COVID-19 pandemic and related events, and the Company expects this disruption may continue to have a negative impact on its revenue and results of operations, even as governments ease restrictions and economic activities gradually resume. The full extent of the future impact of the COVID-19 pandemic on the Company’s operational and financial performance is currently uncertain and will depend on many factors outside the Company’s control, including, without limitation, the timing, extent, trajectory and duration of the pandemic; the availability, distribution and effectiveness of vaccines; the spread of new variants of COVID-19; the continued or renewed imposition of protective public safety measures; and the impact of the pandemic on the global economy and demand for consumer products. The impact of the COVID-19 pandemic and related events, including actions taken by various government authorities in response, have increased market volatility and make the estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes more difficult. As of the date of issuance of the financial statements, the Company is not aware of any specific event or circumstance that would require it to update its estimates, judgments or revise the carrying value of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known.
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued The adoption did not have an impact on the Company’s consolidated financial Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting
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. In situations where foreign withholding taxes are withheld by the Company’s licensee, revenue is recognized gross of withholding taxes that are remitted directly by the licensee to a local tax authority. Arrangements with Multiple Performance Obligations Some of the Company’s contracts with customers contain multiple performance obligations. For these contracts, the individual performance obligations are separately accounted for if they are distinct. In an arrangement with multiple performance obligations, the transaction price is allocated among the separate performance obligations on a relative stand-alone selling price basis. The determination of stand-alone selling price considers market conditions, the size and scope of the contract, customer and geographic information, and other factors. When observable prices are not available, stand-alone selling price for separate performance obligations is based on the cost-plus-margin approach, considering overall pricing objectives. The allocation of transaction price among performance obligations in a contract may impact the amount and timing of revenue recognized in the Consolidated Statements of Operations during a given period. Contract Modifications Contracts may be modified due to changes in contract specifications or customer requirements. Contract modifications occur when the change in terms either creates new enforceable rights and obligations or changes existing enforceable rights and obligations. The effect of a contract modification for goods and services that are not distinct in the context of the contract on the transaction price is recognized as an adjustment to revenue on a cumulative catch-up basis. Contract modifications that result in goods or services that are distinct from the existing goods or services are accounted for as separate contracts if they are sold at their stand-alone selling price, or otherwise prospectively. Variable Consideration When a contract with a customer includes a variable transaction price, an estimate of the consideration which the Company expects to be entitled to for transferring the promised goods or services is made at contract inception. Depending on the terms of the contract, variable consideration is estimated using either the expected value approach or the most likely value approach. Under either approach to estimating variable consideration, the estimate considers all information (historical, current and forecast) that is reasonably available at contract inception. The amount of variable consideration is estimated at contract inception and updated as additional information becomes available. The estimate of variable consideration is included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Subsequent changes in the transaction price resulting from changes in the estimate of variable consideration are allocated to the performance obligations in the contract on the same basis as at contract inception. Certain payments to licensees, retailers and distributors, such as market development funds and revenue shares, are treated as a reduction of the transaction price, and therefore a reduction to revenue, unless the payment is in exchange for a distinct good or service that the licensee, retailer or distributor transfers to the Company. When variable consideration is in the form of a sales-based or usage-based royalty in exchange for a license of IP, or when a license of IP 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. Nature of Goods and Services The following is a discussion of the principal activities from which the Company generates its revenue. License Agreements The Company operates in two business segments. In its Product segment, the Company licenses its audio, digital radio, imaging, edge-based machine learning and multi-channel video user experience (“UX”) solutions. Within this segment, the Company groups its business into three categories based on the products delivered and customers served: Consumer Experience, Connected Car, and Pay-TV. In its IP Licensing segment, the Company licenses (i) its media patent portfolios (“Media IP licensing”) to multichannel video programming distributors, over-the-top video service providers, consumer electronics manufacturers, social media, and other new media companies and (ii) its semiconductor technologies and associated patent portfolios (“Semiconductor IP licensing”) to memory, sensors, radio frequency (“RF”) component, and foundry companies. The Company licenses its technologies and portfolios under three revenue models: (i) fixed-fee Media IP licensing, (ii) fixed-fee or minimum guarantee Product or Semiconductor IP licensing, and (iii) per-unit or per-subscriber royalty licenses. Fixed-fee Media IP licensing The Company's long-term fixed-fee Media IP licensing agreements, which are related to the TiVo businesses following the Mergers, provide its customers with rights to future patented technologies over the term of the agreement that are highly interdependent or highly interrelated to the patented technologies provided at the inception of the agreement. The Company treats these rights as a single performance obligation with revenue recognized on a straight-line basis over the term of the fixed-fee license agreement. At times, the Company enters into license agreements in which a licensee is released from past patent infringement claims or is granted a license to ship an unlimited number of units or for an unlimited number of subscribers over a future period for a fixed fee. In these arrangements, the Company allocates the transaction price between the release for past patent infringement claims and the future license. In determining the stand-alone selling price of the release for past patent infringement claims and the future license, the Company considers such factors as the number of units shipped in the past or the number of past subscribers and the relevant geographies of the shipped units or subscribers, the future number of subscribers or units, as well as the licensing rate the Company generally receives for per-subscriber or units shipped in the same geographies. As the release from past patent infringement claims is generally satisfied at execution of the agreement, the transaction price allocated to the release from past patent infringement claims is generally recognized in the period the agreement is executed and the amount of transaction price allocated to the future license is recognized ratably over the future license term. Fixed-fee or minimum guarantee Semiconductor IP or Product licensing The Company enters into Semiconductor IP or Product licenses that have fixed fee or minimum guarantee arrangements, whereby licensees pay a fixed fee for the right to incorporate the Company’s technology in the licensee'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. In most cases, the customer pays the fixed license fee in specified installments over the license term. For both fixed fee and minimum guarantee agreements for Semiconductor IP or Product licensing, the Company recognizes the full fixed fee as revenue at the beginning of the license term, when the licensee has the right to use the IP and begins to benefit from the license. If the contract term of a fixed fee or minimum guarantee arrangement is longer than one year, the Company also considers the scheduled payment arrangements to determine whether a significant financing component exists. In general, if the payment arrangements extend beyond the initial twelve months of the contract, the Company treats a portion of the payments as a significant financing component. The discount rate used for each arrangement reflects the rate that would be used in a separate financing transaction between the Company and the licensee at contract inception and takes into account the credit characteristics of the licensee and market interest rates as of the date of the agreement. As such, the amount of fixed fee revenue recognized at the beginning of the license term will be reduced by the calculated financing component. As payments are received from the licensee, the Company recognizes a portion of the financing component as interest income, reported as other income and expense in the Consolidated Statements of Operations. Per-unit or per-subscriber royalty licenses The Company recognizes revenue from per-unit or per-subscriber royalty licenses in the period in which the licensee's sales or production are estimated to have occurred, which results in an adjustment to revenue when actual sales or production are subsequently reported by the licensee, which is generally in the month or quarter following usage or shipment. The Company generally recognizes revenue from royalty licenses on a per-subscriber per-month model for licenses with service providers and a per-unit shipped or manufactured model for licenses with CE manufacturers and memory, sensors, RF component, and foundry companies. Compliance Audits The Company actively monitors and enforces its IP, 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 intellectual property without a license. As a result of these activities, the Company may, from time to time, recognize revenue from payments resulting from periodic compliance audits of licensees for underreporting royalties incurred in prior periods, as part of a settlement of a patent infringement dispute, or from legal judgments in a license dispute. These recoveries and settlements may cause revenue to be higher than expected during a particular reporting period and such recoveries may not occur in subsequent periods. The Company recognizes revenue from recoveries when a binding agreement has been executed and the Company concludes collection under that agreement is likely . Arrangements with Multiple System Operators for the TiVo Service The Company's arrangements with multiple system operators (“MSOs”) typically include software customization and set-up services, associated maintenance and support, limited training, post-contract support, TiVo-enabled DVRs, non-DVR Set-Top Boxes (“STBs”), and the TiVo service. The Company has two types of arrangements with MSOs that include technology deployment and engineering services. In instances where the Company hosts the TiVo service, non-refundable payments received for customization and set-up services are deferred and recognized as revenue ratably over the hosting term. The related cost of such services is capitalized to the extent it is deemed recoverable and amortized to cost of revenue over the same period as the related TiVo service revenue is recognized. The Company estimates the stand-alone selling prices for training, DVRs, non-DVR STBs and maintenance and support based on the price charged in stand-alone sales of the promised good or service. The stand-alone selling price for the TiVo service is determined by considering the size of the MSO and expected volume of deployment, market conditions, competitive landscape, internal costs and total gross margin objectives. For a term license to the TiVo service, the Company receives license fees for the hosted TiVo service on either a per-subscriber per-month basis or a fixed fee. The Company recognizes revenue from per-subscriber per-month licenses during the month the TiVo service is provided to the customer and recognizes revenue from fixed fee licenses ratably over the license period. In arrangements where the Company does not host the TiVo service, which includes engineering services that are essential to the functionality of the licensed technology or involve significant customization or modification of the software, the Company recognizes revenue as progress toward completion is made using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Project costs are primarily labor related to specific activities required for the project. Costs related to general infrastructure or uncommitted platform development are not included in the project cost estimates and are expensed as incurred. Estimating project costs requires forecasting costs, tracking progress toward completion and projecting the remaining effort to complete the project. These estimates are reassessed throughout the term of the arrangement, and revisions to estimates are recognized on a cumulative catch-up basis when the changed conditions become known. Provisions for losses are recorded when estimates indicate it is probable that a loss will be incurred for the contract. The Company generally recognizes revenue from license fees for the TiVo service that the Company does not host on a per-subscriber per-month basis due to the recognition constraint on intellectual property usage-based royalties. Subscription Services Subscription services revenue primarily consists of fees to provide customers with access to one or more of the Company's hosted products such as its iGuide interactive program guide (“IPG”), advanced search and recommendations, metadata and analytics products, including routine customer support. The Company generally receives per-subscriber per-month fees for its iGuide IPG and search and recommendations service and revenue is recorded in the month the customer uses the service. The Company generally receives a monthly or quarterly fee from its metadata or analytics licenses for the right to use the metadata or access its analytics platform and to receive regular updates. Revenue from the Company's metadata and analytics service is recognized ratably over the subscription period. TiVo-enabled DVRs and non-DVRs, including TiVo Stream 4K, and related TiVo Service The Company sells TiVo-enabled DVRs and non-DVRs and the related service directly to customers through sales programs via the TiVo.com website and licenses the sale of TiVo-enabled DVRs and non-DVRs through a limited number of retailers. All customers have the right to cancel their subscription to the TiVo service within 30 days of subscription activation for a full refund. After the initial subscription period for a DVR, all customers have various pricing options when they renew their subscription. The transaction price allocated to the DVR and non-DVR is recognized as revenue upon shipment to the customer and the transaction price allocated to the TiVo service is recognized as revenue ratably over the service period. Subscription revenue from lifetime subscriptions are recognized ratably over the estimated useful life of the DVR or non-DVR associated with the subscription. The estimated useful life for a DVR and non-DVR depends on a number of assumptions, including but not limited to, customer retention rates, the timing of new product introductions and historical experience. The Company periodically reassesses the estimated useful life of DVRs and non-DVRs. When the actual useful life of a DVR or a non-DVR materially differs from the Company's estimate, the estimated useful life of the DVR or non-DVR is adjusted, which could result in the recognition of revenue over a longer or shorter period of time. Significant Judgments Determining whether promises to transfer multiple goods and services in contracts with customers are considered distinct performance obligations that should be accounted for separately requires significant judgment, including related to the level of integration and interdependency between the performance obligations. In addition, judgment is necessary to allocate the transaction price to the distinct performance obligations, including whether there is a discount or significant financing component to be allocated based on the relative stand-alone selling price of the various performance obligations. Significant judgment is required to determine the stand-alone selling price for each distinct performance obligation when an observable price is not available. In instances where stand-alone selling price is not directly observable, such as when the Company does not sell the good or service separately, the stand-alone selling price is determined using a range of inputs that includes market conditions and other observable inputs. More than one stand-alone selling price may exist for individual goods and services due to the stratification of those goods and services, considering attributes such as the size of the customer and geographic region. Due to the nature of the work required to be performed on some performance obligations, significant judgment may be required to determine the transaction price. It is common for the Company's license agreements to contain provisions that can either increase or decrease the transaction price. These variable amounts are generally estimated based on usage. In addition to estimating variable consideration, significant judgment is necessary to identify forms of variable consideration, determine whether the variable consideration relates to a sales-based or usage-based royalty of intellectual property and determine whether, and when to include estimates of variable consideration in the transaction price. For certain licensees, royalty revenue is generated based on a licensee’s production or shipment of licensed products incorporating the Company’s intellectual property, technologies or software. Licensees with a per-unit or per-subscriber arrangement pay a per-unit royalty for each product manufactured or sold, or for each subscriber, as set forth in its license agreement. Licensees generally report manufacturing, sales or subscriber information in the month or quarter subsequent to when the production, shipment or subscription activity takes place. The Company estimates the royalties earned each quarter based on its forecast of manufacturing and sales activity by its licensees in that quarter. Any differences between actual royalties owed by a licensee and the Company’s estimate are recognized when the licensee’s royalty report is received. Estimating licensees’ 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 manufactured, shipped or subscribed by licensees, which could have a material impact on the amount of revenue recognized. Some hardware products are sold with a right of return and, in certain circumstances, credits or incentives may be provided to customers or resellers at the time of sale. Such credits and incentives are accounted for as variable consideration and recognized as a reduction to revenue. Estimates of returns, credits and incentives are made at contract inception and updated each reporting period. In contracts where the Company does not host the TiVo service and that include engineering services that are essential to the functionality of the licensed technology or involve significant customization or modification of software, or where the Company provides non-recurring engineering (“NRE”) services, the Company recognizes revenue as progress toward completion occurs using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Significant judgment is required to estimate the remaining effort to complete the project. These estimates are reassessed throughout the term of the arrangement. Management evaluates its estimates, inputs and assumptions related to revenue recognition on an ongoing basis. The use of different estimates, inputs or assumptions may materially affect the reported amounts of assets and liabilities as of the date of the financial statements and the results of operations for the reporting period. Practical Expedients and Exemptions The Company applies a practical expedient to not perform an evaluation of whether a contract includes a significant financing component when the timing of revenue recognition differs from the timing of cash collection by one year or less. The Company applies a practical expedient to expense costs to obtain a contract with a customer as incurred as a component of selling, general and administrative expenses when the amortization period would have been one year or less. The Company applies a practical expedient when disclosing revenue expected to be recognized from unsatisfied performance obligations to exclude contracts with customers with an original duration of less than one year; contracts for which revenue is recognized based on the amount which the Company has the right to invoice for services performed and amounts attributable to variable consideration arising from (i) a sales-based or usage-based royalty of an intellectual property license or (ii) when variable consideration is allocated entirely to a wholly unsatisfied performance obligation; or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation .

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Schedule of Revenue Disaggregated by Product Category/End Market	Revenue disaggregated by product category/end market was as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Consumer Experience $ 46,877 $ 30,043 $ 98,131 $ 68,794 Pay-TV 54,013 21,300 106,354 21,300 Connected Car 19,536 12,781 39,523 29,972 Product revenue $ 120,426 $ 64,124 $ 244,008 $ 120,066 IP Licensing revenue 101,846 73,507 199,860 135,230 Total revenue $ 222,272 $ 137,631 $ 443,868 $ 255,296
Schedule of Contract Assets	Contract assets were recorded in the Condensed Consolidated Balance Sheets as follows (in thousands): June 30, 2021 December 31, 2020 Unbilled contracts receivable $ 126,549 $ 132,431 Other current assets 1,029 1,208 Long-term unbilled contracts receivable 6,152 6,761 Other long-term assets 2,750 2,591 Total contract assets $ 136,480 $ 142,991
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, 2021 and 2020 (in thousands): Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 4,038 $ 2,884 $ 7,336 $ 2,231 Provision for credit losses 93 390 1,236 513 Charged-off/other adjustments — — (4,441 ) (1) 530 Balance at end of period $ 4,131 $ 3,274 $ 4,131 $ 3,274 (1) The charge off of accounts receivable in the three months ended March 31, 2021 was primarily related to a customer whose account had been substantially reserved for credit losses in 2020 due to deteriorating financial condition and delinquent payment history. Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Accounts Receivable Unbilled Contracts Receivable Accounts Receivable Unbilled Contracts Receivable Beginning balance $ 2,226 $ 283 $ 566 $ — Provision for credit losses 299 74 2,228 (2) 357 Charged-off/other adjustments (56 ) — (325 ) — Balance at end of period $ 2,469 $ 357 $ 2,469 $ 357 (2) The increase in provision for credit losses was based on assessment of then current conditions including the COVID-19 pandemic and anticipation of delayed or delinquent payments on existing accounts receivable as a result of declining financial health and liquidity positions of certain of the Company’s customers.
Schedule of Revenue Recognized in Period	The following table presents additional revenue and contract disclosures (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenue recognized in the period from: Amounts included in deferred revenue at the beginning of the period $ 6,936 $ 796 $ 18,152 $ 620 Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements)* $ 13,053 $ 7,078 $ 32,916 $ 54,222 *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. Licensee reporting adjustments 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 during the period for past royalties owed pursuant to expired or terminated IP license agreements.
Schedule of Remaining Performance Obligations	The Company's remaining revenue under contracts with performance obligations was as follows (in thousands) : As of June 30, 2021 December 31, 2020 Revenue from contracts with performance obligations expected to be satisfied in: 2021 (remaining 6 months) $ 98,266 $ 152,008 2022 156,763 102,764 2023 141,044 91,636 2024 113,639 77,989 2025 106,423 76,028 Thereafter 13,646 429 Total $ 629,781 $ 500,854

Composition of Certain Financ_2

Composition of Certain Financial Statement Captions (Tables)	6 Months Ended
	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following (in thousands): June 30, 2021 December 31, 2020 Income tax receivable* $ 28,911 $ 4,654 Prepaid expenses 23,094 20,393 Inventory** 9,345 9,819 Other 9,151 5,897 $ 70,501 $ 40,763 *The income tax receivable change relates to the application of a projected negative tax rate to year-to-date income. The balance is subject to change as year-to-date income changes. **All inventory is finished goods.
Schedule of Property and Equipment, Net	Property and equipment, net, consisted of the following (in thousands): June 30, 2021 December 31, 2020 Equipment, furniture and other $ 74,244 $ 61,573 Building and improvements 18,309 18,309 Land 5,300 5,300 Leasehold improvements 26,121 25,776 123,974 110,958 Less: accumulated depreciation and amortization (58,011 ) (47,751 ) $ 65,963 $ 63,207
Schedule of Other Long Term Assets	Other long-term assets consisted of the following (in thousands): June 30, 2021 December 31, 2020 Non-current income tax receivable $ 116,835 $ 122,993 Long-term deferred tax assets 8,525 7,042 Other assets 24,256 23,235 $ 149,616 $ 153,270
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following (in thousands): June 30, 2021 December 31, 2020 Employee compensation and benefits $ 30,362 $ 55,449 Accrued expenses 25,172 24,809 Current portion of operating lease liabilities 16,835 17,893 Accrued severance 4,639 5,332 Third-party royalties 5,453 5,906 Other 8,385 19,646 $ 90,846 $ 129,035
Schedule of Other Long-Term Liabilities	Other long-term liabilities consisted of the following (in thousands): June 30, 2021 December 31, 2020 Long-term income tax payable $ 95,952 $ 94,397 Other 4,208 4,556 $ 100,160 $ 98,953
Schedule of Accumulated Other Comprehensive Income	Accumulated other comprehensive income consisted of the following (in thousands): June 30, 2021 December 31, 2020 Foreign currency translation adjustment, net of tax $ 380 $ 1,345 Unrealized loss on available-for-sale debt securities, net of tax (81 ) (81 ) $ 299 $ 1,264

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Investments Debt And Equity Securities [Abstract]
Summary of Marketable Securities	The following is a summary of marketable securities at June 30, 2021 and December 31, 2020 (in thousands): June 30, 2021 Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Values Marketable securities Corporate bonds and notes $ 45,277 $ 3 $ (19 ) $ — $ 45,261 Commercial paper 24,940 1 (1 ) — 24,940 Total debt securities 70,217 4 (20 ) — 70,201 Money market funds 7,135 — — — 7,135 Total equity securities 7,135 — — — 7,135 Total marketable securities $ 77,352 $ 4 $ (20 ) $ — $ 77,336 Reported in: Cash and cash equivalents $ 7,135 Available-for-sale debt securities 70,201 Total marketable securities $ 77,336 December 31, 2020 Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit losses Estimated Fair Values Marketable securities Corporate bonds and notes $ 69,973 $ 29 $ (42 ) $ — $ 69,960 Commercial paper 15,991 — (4 ) — 15,987 Treasury and agency notes and bills 32,299 — — — 32,299 Total debt securities 118,263 29 (46 ) — 118,246 Money market funds 3,849 — — — 3,849 Total equity securities 3,849 — — — 3,849 Total marketable securities $ 122,112 $ 29 $ (46 ) $ — $ 122,095 Reported in: Cash and cash equivalents $ 35,148 Available-for-sale debt securities 86,947 Total marketable securities $ 122,095
Fair Value and Gross Unrealized Losses Related to Individual Available-for-Sale Debt Securities	The following table summarizes the fair value and gross unrealized losses related to individual AFS debt securities at June 30, 2021 and December 31, 2020, which have been in a continuous unrealized loss position, aggregated by investment category and length of time (in thousands): Less Than 12 Months 12 Months or More Total June 30, 2021 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and notes $ 32,064 $ (19 ) $ — $ — $ 32,064 $ (19 ) Commercial paper 7,445 (1 ) — — 7,445 (1 ) Total $ 39,509 $ (20 ) $ — $ — $ 39,509 $ (20 ) Less Than 12 Months 12 Months or More Total December 31, 2020 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and notes $ 53,137 $ (42 ) $ — $ — $ 53,137 $ (42 ) Commercial paper 12,988 (4 ) — — 12,988 (4 ) Total $ 66,125 $ (46 ) $ — $ — $ 66,125 $ (46 )
Estimated Fair Value of Marketable Debt Securities by Contractual Maturity	The estimated fair value of marketable debt securities by contractual maturity at June 30, 2021 is shown below (in thousands). Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. Estimated Fair Value Due in one year or less $ 50,756 Due in one to two years 19,445 Total $ 70,201

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets Measured on Recurring Basis	The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of June 30, 2021 (in thousands): Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities Money market funds - equity securities (1) $ 7,135 $ 7,135 $ — $ — Commercial paper - debt securities (2) 24,940 — 24,940 — Corporate bonds and notes - debt securities (2) 45,261 — 45,261 — Total Assets $ 77,336 $ 7,135 $ 70,201 $ — (1) Reported as cash and cash equivalents in the Condensed Consolidated Balance Sheets. (2) Reported as AFS debt securities in The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of December 31, 2020 (in thousands): Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Marketable securities Money market funds - equity securities (1) $ 3,849 $ 3,849 $ — $ — Corporate bonds and notes - debt securities (2) 69,960 — 69,960 — Treasury and agency notes and bills - debt securities (3) 32,299 — 32,299 — Commercial paper - debt securities (3) 15,987 — 15,987 — Total Assets $ 122,095 $ 3,849 $ 118,246 $ — (1) Reported as cash and cash equivalents in the Condensed Consolidated Balance Sheets. (2) Reported as AFS debt securities in the Condensed Consolidated Balance Sheets. (3) Reported as cash and cash equivalents if purchased with an original maturity of three months or less at the date of purchase; otherwise reported as AFS debt securities in
Schedule of Carrying Amounts and Estimated Fair Values	The carrying amounts and estimated fair values are as follows (in thousands): June 30, 2021 December 31, 2020 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value 2020 Term B Loan Facility (1) $ — $ — $ 839,302 $ 842,579 Refinanced Tern B Loans (1) 783,449 781,490 — — 2021 Convertible Notes 48 48 48 48 Total long-term debt, net $ 783,497 $ 781,538 $ 839,350 $ 842,627 (1) Carrying amounts of long-term debt are net of unamortized debt discount and issuance costs of $26.6 million and $34.4 million as of June 30, 2021 and December 31, 2020, respectively. See “Note 9 – Debt ” for additional information.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2021
TiVo Merger
Schedule of Merger Consideration	The consideration of $828.3 million for the Mergers was calculated as follows (amounts in thousands except exchange ratio and share price): TiVo common shares outstanding as of June 1, 2020 128,132 TiVo exchange ratio 0.455 Xperi Holding Corporation common stock issued in exchange 58,300 Xperi Common Stock closing share price on June 1, 2020 $ 14.00 $ 816,201 Fair value of replaced TiVo equity awards relating to pre-acquisition vesting of the equity award holders’ requisite service periods 12,133 Total merger consideration $ 828,334
Schedule of Estimated Fair Value that Allocated to Assets and Liabilities	The following table sets forth the purchase price allocation, as well as adjustments made during the measurement period ($ in thousands): Estimated Useful Life (years) Preliminary Fair Value (1) Measurement Period Adjustments (2) Final Fair Value (3) Cash and cash equivalents $ 117,424 $ — $ 117,424 Accounts receivable 105,778 — 105,778 Unbilled contracts receivable 69,058 — 69,058 Other current assets 21,690 233 21,923 Long-term unbilled contracts receivable 129 — 129 Property and equipment 41,307 — 41,307 Operating lease right-of-use assets 71,444 — 71,444 Identifiable intangible assets: Patents 10 457,400 Customer contracts and related relationships 4-9 358,200 Developed technology 5 34,800 Content database 9 6,200 Trademarks and tradenames N/A 21,400 Total identifiable intangible assets 878,000 — 878,000 Goodwill 461,129 116 461,245 Other long-term assets 43,700 (141 ) 43,559 Accounts payable (13,258 ) — (13,258 ) Accrued legal fees (5,619 ) — (5,619 ) Accrued liabilities (79,071 ) (530 ) (79,601 ) Current portion of deferred revenue (29,291 ) — (29,291 ) Current portion of long-term debt (734,609 ) — (734,609 ) Deferred revenue, less current portion (24,319 ) — (24,319 ) Long-term deferred tax liabilities (27,949 ) 421 (27,528 ) Long-term debt (48 ) — (48 ) Noncurrent operating lease liabilities (59,291 ) — (59,291 ) Other long-term liabilities (7,870 ) (99 ) (7,969 ) Total purchase price $ 828,334 $ — $ 828,334 (1) As previously reported in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2020. (2) All adjustments were recorded during the 12-month period following the Merger date. These measurement period adjustments primarily related to current indirect taxes payable, current and non-current income taxes receivable and payable, and deferred taxes as additional information was received and tax returns were finalized. All measurement period adjustments were offset against goodwill. (3) As of June 30, 2021.
Schedule of Unaudited Pro Forma Financial Information	The following table presents the pro forma operating results as if TiVo had been included in the Company's Consolidated Statements of Operations as of January 1, 2019 (unaudited, in thousands): Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 Revenue $ 230,983 $ 505,878 Net income (loss) attributable to Xperi Holding Corporation $ 32,445 $ (123,009 )
MobiTV
Schedule of Estimated Fair Value that Allocated to Assets and Liabilities	The MobiTV Acquisition has been accounted for as a business combination, using the acquisition method. The following table presents the allocation of the purchase price to the identifiable assets acquired and liabilities assumed based on the fair values at the acquisition date, with any excess of the purchase price over the estimated fair value of the identifiable net assets acquired recorded to goodwill, all of which is expected to be deductible for tax purposes. The allocation of the purchase price was based upon a preliminary valuation and thus the estimates and assumptions used are subject to change. Based upon the fair values acquired, the purchase price allocation is as follows ($ in thousands): Estimated Useful Life (years) Estimated Fair Value Other current assets $ 390 Property and equipment 9,223 Operating lease right-of-use assets 1,186 Identifiable intangible assets: Patents 10 5,000 Technology 6 3,260 Total identifiable intangible assets 8,260 Goodwill 4,059 Other long-term assets 115 Accrued liabilities (5,288 ) Noncurrent operating lease liabilities (545 ) Total purchase price $ 17,400
Schedule of Unaudited Pro Forma Financial Information	The following unaudited pro forma financial information assumes the MobiTV Acquisition was completed as of January 1, 2020. The unaudited pro forma financial information as presented below is for informational purposes only and is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information. This is not necessarily indicative of the results of operations that would have been achieved if the MobiTV Acquisition had taken place on January 1, 2020, nor is it necessarily indicative of future results. Consequently, actual results could differ materially from the unaudited pro forma financial information presented below. The following table presents the pro forma operating results as if the acquired operations of MobiTV had been included in the Company's Condensed Consolidated Statements of Operations as of January 1, 2020 (unaudited, in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Revenue $ 223,363 $ 139,351 $ 447,727 $ 257,933 Net loss attributable to Xperi Holding Corporation $ (8,606 ) $ (32,315 ) $ (14,868 ) $ (25,126 )

Goodwill and Identified Intan_2

Goodwill and Identified Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes to Carrying Value of Goodwill	The changes to the carrying value of goodwill from January 1, 2021 through June 30, 2021 are reflected below (in thousands): December 31, 2020 $ 847,029 Goodwill acquired through a business acquisition (1) 4,059 June 30, 2021 $ 851,088 (2) (1) Related to the MobiTV Acquisition completed in June 2021. For more information regarding the transaction, see “Note 7 - Business Combinations.” (2) The Company's reporting units include the Product segment and the IP Licensing segment (defined further in “Note 16 - Segment and Geographic Information
Identified Intangible Assets	Identified intangible assets consisted of the following (in thousands): Average June 30, 2021 December 31, 2020 Life (Years) Gross Assets Accumulated Amortization Net Gross Assets Accumulated Amortization Net Finite-lived intangible assets Acquired patents / core technology (1) 3-15 $ 664,085 $ (196,056 ) $ 468,029 $ 659,085 $ (167,916 ) $ 491,169 Existing technology / content database (2) 5-10 251,445 (189,001 ) 62,444 248,110 (169,326 ) 78,784 Customer contracts and related relationships 3-9 650,132 (310,526 ) 339,606 650,171 (256,199 ) 393,972 Trademarks/trade name 4-10 40,083 (23,317 ) 16,766 40,083 (21,029 ) 19,054 Non-competition agreements 1 2,231 (2,231 ) — 2,231 (2,231 ) — Total finite-lived intangible assets 1,607,976 (721,131 ) 886,845 1,599,680 (616,701 ) 982,979 Indefinite-lived intangible assets TiVo Tradename/trademarks N/A 21,400 — 21,400 21,400 — 21,400 Total intangible assets $ 1,629,376 $ (721,131 ) $ 908,245 $ 1,621,080 $ (616,701 ) $ 1,004,379 (1) In June 2021, patents were acquired through the MobiTV Acquisition with a purchase price value equal to $5.0 million. See “Note 7 – Business Combinations.” (2) In June 2021, existing technology was acquired through the MobiTV Acquisition with a purchase price value equal to $3.3 million. See “Note 7 – Business Combinations.”
Estimated Future Amortization Expense	As of June 30, 2021, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands): 2021 (remaining 6 months) $ 98,737 2022 155,140 2023 144,169 2024 105,256 2025 80,896 Thereafter 302,647 $ 886,845

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Outstanding Amounts of Debt	The outstanding amounts of debt were as follows (in thousands): June 30, 2021 December 31, 2020 2020 Term B Loan Facility $ — $ 873,750 Refinanced Term B Loans 810,000 — 2021 Convertible Notes 48 48 Unamortized debt discount and issuance costs (26,551 ) (34,448 ) 783,497 839,350 Less: current portion, net of debt discount and issuance costs (36,028 ) (43,689 ) Total long-term debt, net of current portion $ 747,469 $ 795,661
Summarize of Future Minimum Principal Payments for Long-term Debt	As of June 30, 2021, future minimum principal payments for long-term debt are summarized as follows (in thousands): 2021 (remaining 6 months) $ 20,250 2022 40,500 2023 40,500 2024 40,500 2025 40,500 Thereafter 627,750 Total $ 810,000

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	The following table sets forth the computation of basic and diluted shares (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Denominator: Weighted average shares of common stock outstanding 104,906 69,160 104,923 59,462 Less: shares of restricted stock subject to repurchase — — — — Total common shares-basic 104,906 69,160 104,923 59,462 Effect of dilutive securities: Options — — 29 — Restricted stock awards and units — — 2,715 — Total common shares-diluted 104,906 69,160 107,667 59,462

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock Option Activity	A summary of the stock option activity is presented below (in thousands, except per share amounts): Options Outstanding Number of Shares Subject to Options Weighted Average Exercise Price Per Share Balance at December 31, 2020 637 $ 29.59 Options granted — — Options exercised (37 ) $ 20.28 Options canceled / forfeited / expired (140 ) $ 44.91 Balance at June 30, 2021 460 $ 25.71
Summary of Restricted Stock Awards and Units	Information with respect to outstanding restricted stock awards and units as of June 30, 2021 Restricted Stock and Restricted Stock Units Number of Shares Subject to Time- based Vesting Number of Shares Subject to Performance- based Vesting Total Number of Shares Weighted Average Grant Date Fair Value Per Share Balance at December 31, 2020 5,662 1,061 6,723 $ 16.63 Awards and units granted 2,999 645 3,644 $ 23.59 Awards and units vested / earned (1,050 ) — (1,050 ) $ 20.61 Awards and units canceled / forfeited (505 ) (42 ) (547 ) $ 16.49 Balance at June 30, 2021 7,106 1,664 8,770 $ 19.05

Stock-Based Compensation Expe_2

Stock-Based Compensation Expense (Tables)	6 Months Ended
	Jun. 30, 2021
Effect of Recording Stock-Based Compensation Expense	The effect of recording stock-based compensation (“SBC”) expense for the three and six months ended June 30, 2021 and 2020 is as follows (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Cost of licensing, services and software revenue $ 529 $ 73 $ 852 $ 73 Research, development and other related costs 4,810 2,838 9,157 5,874 Selling, general and administrative 9,496 5,558 18,045 10,509 Total stock-based compensation expense 14,835 8,469 28,054 16,456 Tax effect on stock-based compensation expense (180 ) (353 ) (334 ) (1,495 ) Net effect on net income (loss) $ 14,655 $ 8,116 $ 27,720 $ 14,961
Stock-Based Compensation Expense Categorized by Equity Components	SBC expense categorized by various equity components for the three and six months ended June 30, 2021 and 2020 is summarized in the table below (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Restricted stock awards and units $ 13,400 $ 8,147 $ 25,330 $ 15,440 Employee stock purchase plan 1,414 296 2,684 986 Employee stock options 21 26 40 30 Total stock-based compensation expense $ 14,835 $ 8,469 $ 28,054 $ 16,456
Employee Stock Purchase Plan
Schedule of Assumptions Used to Value Awards Granted	The following assumptions were used to value the ESPP shares for these grants: March 2021 September 2020 February 2020 Expected life (years) 2.0 2.0 2.0 Risk-free interest rate 0.1 % 0.1 % 1.4 % Dividend yield 1.2 % 1.4 % 4.0 % Expected volatility 52.0 % 57.5 % 45.8 %
Restricted Stock Units
Schedule of Assumptions Used to Value Awards Granted	The following assumptions were used to value the restricted stock units subject to market conditions granted during the period: March 2021 July 2020* Expected life (years) 3.0 3.0 Risk-free interest rate 0.3 % 0.2 % Dividend yield 1.0 % 1.4 % Expected volatility 47.9 % 51.3 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Operating Lease Costs	The components of operating lease costs were as follows (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Fixed lease cost (1) $ 5,528 $ 3,323 $ 10,994 $ 5,156 Variable lease cost 1,187 594 2,552 941 Less: sublease income (3,157 ) (843 ) (5,346 ) (843 ) Total operating lease cost $ 3,558 $ 3,074 $ 8,200 $ 5,254 (1) Includes short-term leases, which were immaterial.
Schedule of Other Information Related to Leases	Other information related to leases was as follows (in thousands, except lease term and discount rate): Three Months Ended, Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,761 $ 3,088 $ 11,316 $ 4,726 ROU assets obtained in exchange for new lease liabilities: Operating leases $ 3,478 $ 3,673 $ 3,478 $ 3,673 June 30, 2021 December 31, 2020 Weighted-average remaining lease term (years): Operating leases 4.8 5.1 Weighted-average discount rate: Operating leases 5.1 % 5.2 %
Schedule of Future Minimum Lease Payments and Related Lease Liabilities	Future minimum lease payments and related lease liabilities as of June 30, 2021 were as follows (in thousands): Operating Lease Payments (1) Sublease Income Net Operating Lease Payments 2021 (remaining 6 months) $ 10,258 $ (3,189 ) $ 7,069 2022 19,597 (7,404 ) 12,193 2023 17,620 (7,533 ) 10,087 2024 16,589 (7,610 ) 8,979 2025 15,009 (7,386 ) 7,623 Thereafter 9,420 (935 ) 8,485 Total lease payments 88,493 (34,057 ) 54,436 Less: imputed interest (10,379 ) — (10,379 ) Present value of lease liabilities: $ 78,114 $ (34,057 ) $ 44,057 Less: current obligations under leases (accrued liabilities) 16,835 Noncurrent operating lease liabilities $ 61,279 (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. As of December 31, 2020, future minimum lease payments were as follows (in thousands): Operating Lease Payments Sublease Income Net Operating Lease Payments 2021 $ 21,825 $ (6,257 ) $ 15,568 2022 18,420 (6,117 ) 12,303 2023 16,776 (6,231 ) 10,545 2024 15,719 (6,293 ) 9,426 2025 14,635 (6,279 ) 8,356 Thereafter 8,966 (935 ) 8,031 Total lease payments 96,341 (32,112 ) 64,229 Less: imputed interest (12,205 ) — (12,205 ) Present value of lease liabilities: $ 84,136 $ (32,112 ) $ 52,024 Less: current obligations under leases (accrued liabilities) 17,893 Noncurrent operating lease liabilities $ 66,243

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	The following table sets forth the Company’s segment revenue, operating expenses and operating income (loss) for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Revenue: Product segment $ 120,426 $ 64,124 $ 244,008 $ 120,066 IP Licensing segment 101,846 73,507 199,860 135,230 Total revenue 222,272 137,631 443,868 255,296 Operating expenses: Product segment 105,047 66,557 213,579 112,794 IP Licensing segment 34,875 20,449 68,442 30,744 Unallocated operating expenses (1) 69,096 68,344 138,194 104,950 Total operating expenses 209,018 155,350 420,215 248,488 Operating income (loss): Product segment 15,379 (2,433 ) 30,429 7,272 IP Licensing segment 66,971 53,058 131,418 104,486 Unallocated operating expenses (1) (69,096 ) (68,344 ) (138,194 ) (104,950 ) Total operating income (loss) $ 13,254 $ (17,719 ) $ 23,653 $ 6,808 (1) Unallocated operating expenses consist primarily of selling, marketing, general and administrative expenses, such as administration, human resources, finance, information technology, corporate development and procurement. These expenses are not allocated because these amounts are not considered in evaluating the operating performance of the Company’s business segments.
Schedule of Geographic Revenue Information	The table below lists the geographic revenue for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 U.S. $ 141,510 64 % $ 43,049 31 % $ 273,008 62 % $ 66,094 26 % Japan 24,258 11 14,032 10 50,702 11 65,354 26 South Korea 15,273 7 60,974 45 33,786 8 88,557 35 Europe and Middle East 14,849 6 6,982 5 31,270 7 11,430 4 Other 26,382 12 12,594 9 55,102 12 23,861 9 $ 222,272 100 % $ 137,631 100 % $ 443,868 100 % $ 255,296 100 %

The Company and Basis of Pres_2

The Company and Basis of Presentation - Narrative (Details)	6 Months Ended
	Jun. 30, 2021Patent$ / shares	Dec. 31, 2020$ / shares	Jun. 02, 2020$ / shares
Organization Consolidation And Presentation [Line Items]
Effective date of merger	Jun. 1, 2020
Common stock, par value (in dollars per share) | $ / shares	$ 0.001	$ 0.001	$ 0.001
Perceive Corporation
Organization Consolidation And Presentation [Line Items]
Ownership interest, percentage	81.00%
Minimum
Organization Consolidation And Presentation [Line Items]
Number of patents and applications | Patent	11,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - Accounting Standards Update 2019-12	Jun. 30, 2021
Summary of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle accounting standards update adoption date	Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true

Revenue - Additional Informatio

Revenue - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021segmentRevenueModel
Revenue Recognition [Line Items]
Number of operating segments | segment	2
Number of revenue models used for company licenses | RevenueModel	3
Right to cancel subscription, period	30 days
Maximum
Revenue Recognition [Line Items]
Practical expedient, timing of revenue recognition differs from the timing of cash collection, period	1 year
Revenue recognition practical expedient amortization period	1 year
Practical expedient revenue expected to be recognized from unsatisfied performance obligations, duration	1 year

Revenue - Schedule of Revenue D

Revenue - Schedule of Revenue Disaggregated by Product Category/End Market (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenue	$ 222,272	$ 137,631	$ 443,868	$ 255,296
Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	120,426	64,124	244,008	120,066
IP Licensing Revenue
Disaggregation of Revenue [Line Items]
Total revenue	101,846	73,507	199,860	135,230
Consumer Experience | Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	46,877	30,043	98,131	68,794
Pay TV | Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	54,013	21,300	106,354	21,300
Connected Car | Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	$ 19,536	$ 12,781	$ 39,523	$ 29,972

Revenue - Schedule of Contract

Revenue - Schedule of Contract Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Unbilled contracts receivable	$ 126,549	$ 132,431
Other current assets	1,029	1,208
Long-term unbilled contracts receivable	6,152	6,761
Other long-term assets	2,750	2,591
Total contract assets	$ 136,480	$ 142,991

Revenue - Schedule of Allowance

Revenue - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	$ 4,038	$ 2,226	$ 7,336	$ 566
Provision for credit losses	93	299	1,236	2,228
Charged-off/other adjustments		(56)	(4,441)	(325)
Balance at end of period	4,131	2,469	4,131	2,469
Unbilled Contracts Receivable
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	2,884	283	2,231
Provision for credit losses	390	74	513	357
Charged-off/other adjustments			530
Balance at end of period	$ 3,274	$ 357	$ 3,274	$ 357

Revenue - Schedule of Revenue R

Revenue - Schedule of Revenue Recognized in Period (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Amounts included in deferred revenue at the beginning of the period	$ 6,936	$ 796	$ 18,152	$ 620
Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements)	$ 13,053	$ 7,078	$ 32,916	$ 54,222

Revenue - Schedule of Remaining

Revenue - Schedule of Remaining Performance Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 629,781	$ 500,854
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations		$ 152,008
Performance obligations expected to be satisfied, expected timing		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 98,266
Performance obligations expected to be satisfied, expected timing	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations		$ 102,764
Performance obligations expected to be satisfied, expected timing		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 156,763
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations		$ 91,636
Performance obligations expected to be satisfied, expected timing		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 141,044
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations		$ 77,989
Performance obligations expected to be satisfied, expected timing		1 year
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	$ 113,639
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations		$ 76,028
Performance obligations expected to be satisfied, expected timing		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 106,423
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		$ 429
Performance obligations expected to be satisfied, expected timing
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 13,646
Performance obligations expected to be satisfied, expected timing

Revenue - Schedule of Remaini_2

Revenue - Schedule of Remaining Performance Obligations (Details 1) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 629,781	$ 500,854

Composition Of Certain Financ_3

Composition Of Certain Financial Statement Captions - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Income tax receivable	$ 28,911	$ 4,654
Prepaid expenses	23,094	20,393
Inventory	9,345	9,819
Other	9,151	5,897
Other current assets, total	$ 70,501	$ 40,763

Composition Of Certain Financ_4

Composition Of Certain Financial Statement Captions - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 123,974	$ 110,958
Less: accumulated depreciation and amortization	(58,011)	(47,751)
Property and equipment, net	65,963	63,207
Equipment, furniture and other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	74,244	61,573
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	18,309	18,309
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,300	5,300
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 26,121	$ 25,776

Composition Of Certain Financ_5

Composition Of Certain Financial Statement Captions - Schedule of Other Long Term Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Non-current income tax receivable	$ 116,835	$ 122,993
Long-term deferred tax assets	8,525	7,042
Other assets	24,256	23,235
Other long-term assets, total	$ 149,616	$ 153,270

Composition Of Certain Financ_6

Composition Of Certain Financial Statement Captions -Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Employee compensation and benefits	$ 30,362	$ 55,449
Accrued expenses	25,172	24,809
Current portion of operating lease liabilities	$ 16,835	$ 17,893
Operating Lease Liability Current Statement Of Financial Position Extensible List	Accrued liabilities, total	Accrued liabilities, total
Accrued severance	$ 4,639	$ 5,332
Third-party royalties	5,453	5,906
Other	8,385	19,646
Accrued liabilities, total	$ 90,846	$ 129,035

Composition of Certain Financ_7

Composition of Certain Financial Statement Captions - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Long-term income tax payable	$ 95,952	$ 94,397
Other	4,208	4,556
Other long-term liabilities, total	$ 100,160	$ 98,953

Composition Of Certain Financ_8

Composition Of Certain Financial Statement Captions - Schedule of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Foreign currency translation adjustment, net of tax	$ 380	$ 1,345
Unrealized loss on available-for-sale debt securities, net of tax	(81)	(81)
Accumulated other comprehensive income	$ 299	$ 1,264

Financial Instruments - Summary

Financial Instruments - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Marketable Securities [Line Items]
Debt securities, Cost	$ 70,217	$ 118,263
Debt securities, Gross Unrealized Gains	4	29
Debt securities, Gross Unrealized Losses	(20)	(46)
Debt securities, Allowance for Credit Losses	0	0	$ 0
Debt securities, Estimated Fair Values	70,201	118,246
Equity securities, Cost	7,135	3,849
Equity securities, Gross Unrealized Gains	0	0
Equity securities, Gross Unrealized Losses	0	0
Equity securities, Allowance for Credit Losses	0	0
Equity securities, Estimated Fair Values	7,135	3,849
Marketable securities, Cost	77,352	122,112
Marketable securities, Gross Unrealized Gains	4	29
Marketable securities, Gross Unrealized Losses	(20)	(46)
Marketable securities, Allowance for Credit Losses	0	0
Marketable securities, Estimated Fair Values	77,336	122,095
Corporate bonds and notes
Marketable Securities [Line Items]
Debt securities, Cost	45,277	69,973
Debt securities, Gross Unrealized Gains	3	29
Debt securities, Gross Unrealized Losses	(19)	(42)
Debt securities, Allowance for Credit Losses	0	0
Debt securities, Estimated Fair Values	45,261	69,960
Commercial paper
Marketable Securities [Line Items]
Debt securities, Cost	24,940	15,991
Debt securities, Gross Unrealized Gains	1	0
Debt securities, Gross Unrealized Losses	(1)	(4)
Debt securities, Allowance for Credit Losses	0	0
Debt securities, Estimated Fair Values	24,940	15,987
Treasury and agency notes and bills
Marketable Securities [Line Items]
Debt securities, Cost		32,299
Debt securities, Gross Unrealized Gains		0
Debt securities, Gross Unrealized Losses		0
Debt securities, Allowance for Credit Losses		0
Debt securities, Estimated Fair Values		32,299
Money market funds
Marketable Securities [Line Items]
Equity securities, Cost	7,135	3,849
Equity securities, Gross Unrealized Gains	0	0
Equity securities, Gross Unrealized Losses	0	0
Equity securities, Allowance for Credit Losses	0	0
Equity securities, Estimated Fair Values	7,135	3,849
Cash and cash equivalents
Marketable Securities [Line Items]
Marketable securities, Estimated Fair Values	7,135	35,148
Available-for-sale debt securities
Marketable Securities [Line Items]
Marketable securities, Estimated Fair Values	$ 70,201	$ 86,947

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Schedule Of Investments [Line Items]
Cash, cash equivalents and short -term investments	$ 199,200,000		$ 199,200,000		$ 257,100,000
Unrealized losses net of tax on available-for-sale debt securities	100,000		100,000		100,000
Provision for credit losses related available for sale debt securities	0	$ 0	0	$ 0	0
TiVo Merger | Non-marketable Equity Securities
Schedule Of Investments [Line Items]
Equity securities accounted for under equity method	4,600,000		4,600,000		4,200,000
Equity securities without a readily determinable fair value	100,000		100,000		100,000
Non-marketable equity securities, without a readily determinable fair value, impairments or adjustments	0	$ 0	0	$ 0
Operating Accounts
Schedule Of Investments [Line Items]
Cash, cash equivalents and short -term investments	$ 121,800,000		$ 121,800,000		$ 135,000,000

Financial Instruments - Fair Va

Financial Instruments - Fair Value and Gross Unrealized Losses Related to Individual Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	$ 39,509	$ 66,125
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(20)	(46)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	39,509	66,125
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	(20)	(46)
Corporate bonds and notes
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	32,064	53,137
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(19)	(42)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	32,064	53,137
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	(19)	(42)
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	7,445	12,988
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(1)	(4)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	7,445	12,988
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	$ (1)	$ (4)

Financial Instruments - Estimat

Financial Instruments - Estimated Fair Value of Marketable Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]
Due in one year or less	$ 50,756
Due in one to two years	19,445
Total	$ 70,201	$ 118,246

Fair Value - Schedule of Fair V

Fair Value - Schedule of Fair Value Assets Measured on Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 77,336	$ 122,095
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,135	3,849
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	70,201	118,246
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Money market funds - equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,135	3,849
Money market funds - equity securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,135	3,849
Money market funds - equity securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Money market funds - equity securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Treasury and agency notes and bills - Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		32,299
Treasury and agency notes and bills - Debt securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		0
Treasury and agency notes and bills - Debt securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		32,299
Treasury and agency notes and bills - Debt securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		0
Commercial paper - debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	24,940	15,987
Commercial paper - debt securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial paper - debt securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	24,940	15,987
Commercial paper - debt securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate bonds and notes - Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	45,261	69,960
Corporate bonds and notes - Debt securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate bonds and notes - Debt securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	45,261	69,960
Corporate bonds and notes - Debt securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

Fair Value - Schedule of Carryi

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	$ 783,497	$ 839,350
2021 Convertible Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	810,000
Recurring
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	783,497	839,350
Total long-term debt, net - Estimated Fair Value	781,538	842,627
Recurring | 2020 Term B Loan Facility
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	0	839,302
Total long-term debt, net - Estimated Fair Value	0	842,579
Recurring | Refinanced Term B Loans
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	783,449	0
Total long-term debt, net - Estimated Fair Value	781,490	0
Recurring | 2021 Convertible Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	48	48
Total long-term debt, net - Estimated Fair Value	$ 48	$ 48

Fair Value - Schedule of Carr_2

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Unamortized debt discount and issuance costs	$ 26,551	$ 34,448
Term B Loan Facility
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Unamortized debt discount and issuance costs	$ 26,600	$ 34,400

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands	Jun. 01, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	May 31, 2021
Business Acquisition [Line Items]
Total revenue		$ 222,272	$ 137,631	$ 443,868	$ 255,296
Operating loss		13,254	(17,719)	$ 23,653	6,808
TiVo Merger
Business Acquisition [Line Items]
Merger effective date				Jun. 1, 2020
Merger agreement date				Dec. 18, 2019
Merger agreement amended date				Jan. 31, 2020
Merger consideration	$ 828,334
Total transaction and integration related costs		100	24,400	$ 400	27,500
Post-merger severance cost		1,800	$ 8,200	6,400	$ 8,200
Purchase price		828,334		828,334
MobiTV
Business Acquisition [Line Items]
Purchase price		17,400		17,400		$ 17,400
Total revenue		600		600
Operating loss		$ (1,100)		$ (1,100)

Business Combinations - Schedul

Business Combinations - Schedule of Merger Consideration (Details) $ / shares in Units, $ in Thousands	Jun. 01, 2020USD ($)$ / sharesshares	Jun. 30, 2021shares	Dec. 31, 2020shares
Business Acquisition [Line Items]
TiVo common shares outstanding as of June 1, 2020 | shares		104,578,000	104,775,000
TiVo Merger
Business Acquisition [Line Items]
Equity interests issued and issuable | $	$ 816,201
Fair value of replaced TiVo equity awards relating to pre-acquisition vesting of the equity award holders’ requisite service periods | $	12,133
Total merger consideration | $	$ 828,334
TiVo
Business Acquisition [Line Items]
TiVo exchange ratio	0.455
TiVo | TiVo Merger
Business Acquisition [Line Items]
TiVo common shares outstanding as of June 1, 2020 | shares	128,132,000
TiVo exchange ratio	0.455
Xperi
Business Acquisition [Line Items]
TiVo exchange ratio	1
Xperi | TiVo Merger
Business Acquisition [Line Items]
Xperi Holding Corporation common stock issued in exchange | shares	58,300,000
Xperi Common Stock closing share price on June 1, 2020 | $ / shares	$ 14

Business Combinations - Sched_2

Business Combinations - Schedule of Preliminary Fair Value that Allocated to Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Jun. 01, 2020	Jun. 30, 2021	May 31, 2021	Dec. 31, 2020	Jun. 30, 2020
Identifiable intangible assets:
Goodwill			$ 851,088		$ 847,029
Trademarks and tradenames | Minimum
Business Acquisition [Line Items]
Estimated Useful Life (years)			4 years
Trademarks and tradenames | Maximum
Business Acquisition [Line Items]
Estimated Useful Life (years)			10 years
TiVo Merger
Business Acquisition [Line Items]
Cash and cash equivalents			$ 117,424
Accounts receivable			105,778
Unbilled contracts receivable			69,058
Other current assets			21,923
Long-term unbilled contracts receivable			129
Property and equipment			41,307
Operating lease right-of-use assets			71,444
Identifiable intangible assets:
Total identifiable intangible assets			878,000
Goodwill			461,245
Other long-term assets			43,559
Accounts payable			(13,258)
Accrued legal fees			(5,619)
Accrued liabilities			(79,601)
Current portion of deferred revenue			(29,291)
Current portion of long-term debt			(734,609)
Deferred revenue, less current portion			(24,319)
Long-term deferred tax liabilities			(27,528)
Long-term debt			(48)
Noncurrent operating lease liabilities			(59,291)
Other long-term liabilities			(7,969)
Total purchase price			828,334
TiVo Merger | Preliminary Fair Value
Business Acquisition [Line Items]
Cash and cash equivalents						$ 117,424
Accounts receivable						105,778
Unbilled contracts receivable						69,058
Other current assets						21,690
Long-term unbilled contracts receivable						129
Property and equipment						41,307
Operating lease right-of-use assets						71,444
Identifiable intangible assets:
Total identifiable intangible assets						878,000
Goodwill						461,129
Other long-term assets						43,700
Accounts payable						(13,258)
Accrued legal fees						(5,619)
Accrued liabilities						(79,071)
Current portion of deferred revenue						(29,291)
Current portion of long-term debt						(734,609)
Deferred revenue, less current portion						(24,319)
Long-term deferred tax liabilities						(27,949)
Long-term debt						(48)
Noncurrent operating lease liabilities						(59,291)
Other long-term liabilities						(7,870)
Total purchase price						$ 828,334
TiVo Merger | Measurement Period Adjustments
Business Acquisition [Line Items]
Other current assets				$ 233
Identifiable intangible assets:
Goodwill				116
Other long-term assets				(141)
Accrued liabilities				(530)
Long-term deferred tax liabilities				421
Other long-term liabilities				(99)
TiVo Merger | Patents
Business Acquisition [Line Items]
Estimated Useful Life (years)		10 years
Identifiable intangible assets:
Total identifiable intangible assets		$ 457,400
TiVo Merger | Customer contracts and related relationships
Identifiable intangible assets:
Total identifiable intangible assets		$ 358,200
TiVo Merger | Customer contracts and related relationships | Minimum
Business Acquisition [Line Items]
Estimated Useful Life (years)		4 years
TiVo Merger | Customer contracts and related relationships | Maximum
Business Acquisition [Line Items]
Estimated Useful Life (years)		9 years
TiVo Merger | Developed technology
Business Acquisition [Line Items]
Estimated Useful Life (years)		5 years
Identifiable intangible assets:
Total identifiable intangible assets		$ 34,800
TiVo Merger | Content database
Business Acquisition [Line Items]
Estimated Useful Life (years)		9 years
Identifiable intangible assets:
Total identifiable intangible assets		$ 6,200
TiVo Merger | Trademarks and tradenames
Identifiable intangible assets:
Total identifiable intangible assets		$ 21,400
MobiTV
Business Acquisition [Line Items]
Other current assets			390
Property and equipment			9,223
Operating lease right-of-use assets			1,186
Identifiable intangible assets:
Total identifiable intangible assets			8,260
Goodwill			4,059
Other long-term assets			115
Accrued liabilities			(5,288)
Noncurrent operating lease liabilities			(545)
Total purchase price			$ 17,400	$ 17,400
MobiTV | Patents
Business Acquisition [Line Items]
Estimated Useful Life (years)	10 years
Identifiable intangible assets:
Total identifiable intangible assets	$ 5,000
MobiTV | Technology
Business Acquisition [Line Items]
Estimated Useful Life (years)	6 years
Identifiable intangible assets:
Total identifiable intangible assets	$ 3,260

Business Combinations - Sched_3

Business Combinations - Schedule of Unaudited Pro Forma Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
TiVo Merger
Business Acquisition [Line Items]
Revenue		$ 230,983		$ 505,878
Net income (loss) attributable to Xperi Holding Corporation		32,445		(123,009)
MobiTV
Business Acquisition [Line Items]
Revenue	$ 223,363	139,351	$ 447,727	257,933
Net income (loss) attributable to Xperi Holding Corporation	$ (8,606)	$ (32,315)	$ (14,868)	$ (25,126)

Goodwill and Identified Intan_3

Goodwill and Identified Intangible Assets - Summary of Changes to Carrying Value of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, beginning	$ 847,029
Goodwill acquired through a business acquisition	4,059
Goodwill, ending	$ 851,088

Goodwill and Identified Intan_4

Goodwill and Identified Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill	$ 851,088	$ 847,029
Product Licensing Segment
Goodwill [Line Items]
Goodwill	527,800
IP Licensing Segment
Goodwill [Line Items]
Goodwill	$ 323,300

Goodwill and Identified Intan_5

Goodwill and Identified Intangible Assets - Identified Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 1,629,376	$ 1,621,080
Finite-lived intangible assets, Gross Assets	1,607,976	1,599,680
Finite-lived intangible assets, Accumulated Amortization	(721,131)	(616,701)
Intangible assets, net	908,245	1,004,379
Finite-lived intangible assets, Net	886,845	982,979
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 / core technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	664,085	659,085
Finite-lived intangible assets, Accumulated Amortization	(196,056)	(167,916)
Finite-lived intangible assets, Net	$ 468,029	491,169
Acquired patents / core technology | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	3 years
Acquired patents / core technology | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	15 years
Existing technology / content database
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 251,445	248,110
Finite-lived intangible assets, Accumulated Amortization	(189,001)	(169,326)
Finite-lived intangible assets, Net	$ 62,444	78,784
Existing technology / content database | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	5 years
Existing technology / content database | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	10 years
Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 650,132	650,171
Finite-lived intangible assets, Accumulated Amortization	(310,526)	(256,199)
Finite-lived intangible assets, Net	$ 339,606	393,972
Customer contracts and related relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	3 years
Customer contracts and related relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	9 years
Trademarks/trade name
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 40,083	40,083
Finite-lived intangible assets, Accumulated Amortization	(23,317)	(21,029)
Finite-lived intangible assets, Net	$ 16,766	19,054
Trademarks/trade name | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	4 years
Trademarks/trade name | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Average Life (Years)	10 years
Non-competition agreements
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 2,231	2,231
Finite-lived intangible assets, Accumulated Amortization	$ (2,231)	(2,231)
Finite-lived intangible assets, Average Life (Years)	1 year
Finite-lived intangible assets, Net		$ 0

Goodwill and Identified Intan_6

Goodwill and Identified Intangible Assets - Identified Intangible Assets (Parenthetical) (Details) - MobiTV $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Patents
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 5
Developed technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 3.3

Goodwill and Identified Intan_7

Goodwill and Identified Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
2021 (remaining 6 months)	$ 98,737
2022	155,140
2023	144,169
2024	105,256
2025	80,896
Thereafter	302,647
Finite-lived intangible assets, Net	$ 886,845	$ 982,979

Debt - Schedule of Outstanding

Debt - Schedule of Outstanding Amounts of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 01, 2020
Line Of Credit Facility [Line Items]
Long-term debt, Gross	$ 810,000
Unamortized debt discount and issuance costs	(26,551)	$ (34,448)
Long-term debt	783,497	839,350
Less: current portion, net of debt discount and issuance costs	(36,028)	(43,689)
Long-term debt, net	747,469	795,661
2020 Term B Loan Facility
Line Of Credit Facility [Line Items]
Long-term debt, Gross		873,750
Unamortized debt discount and issuance costs	(4,200)		$ (39,700)
Refinanced Term B Loans
Line Of Credit Facility [Line Items]
Long-term debt, Gross	810,000
2021 Convertible Notes
Line Of Credit Facility [Line Items]
Long-term debt, Gross	48	$ 48
Unamortized debt discount and issuance costs	(26,600)
Long-term debt	$ 810,000

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	Jun. 08, 2021	Jun. 01, 2020	Jan. 23, 2018	Dec. 01, 2016	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Line Of Credit Facility [Line Items]
Repayment of assumed debt from merger transaction							$ 0	$ 734,609,000
Unamortized debt discount and issuance costs					$ 26,551,000		26,551,000		$ 34,448,000
Voluntary prepayment against the term loan							63,750,000	344,000,000
Loss on debt extinguishment					8,012,000	$ 8,300,000	8,012,000	8,300,000
Borrowings					783,497,000		783,497,000		839,350,000
Interest expense					10,555,000	6,958,000	21,868,000	11,209,000
TiVo Merger
Line Of Credit Facility [Line Items]
Debt assumed					48,000		48,000
2020 Term B Loan Facility
Line Of Credit Facility [Line Items]
Loan facility, term		5 years
Borrowing capacity		$ 1,050,000,000
Debt instrument, maturity date		Jun. 1, 2025
Repayment of assumed debt from merger transaction		$ 734,600,000
Unamortized debt discount and issuance costs		39,700,000			4,200,000		4,200,000
Voluntary prepayment against the term loan									$ 150,000,000
Loss on debt extinguishment					8,000,000	8,300,000
Debt issuance cost					6,800,000		6,800,000
Debt issuance remaining third party fees					2,600,000
Repayments of Long-term Debt		$ 344,000,000
2020 Term B Loan Facility | Repayments Prior to June 1, 2023
Line Of Credit Facility [Line Items]
Interest rate on original principal amount		1.25%
2020 Term B Loan Facility | Repayments After June 1, 2023 and Prior to June 1, 2025
Line Of Credit Facility [Line Items]
Interest rate on original principal amount		1.875%
2020 Term B Loan Facility | Base Rate
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		3.00%
2020 Term B Loan Facility | London Interbank Offered Rate (LIBOR)
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		4.00%
Refinanced Term B Loans
Line Of Credit Facility [Line Items]
Borrowing capacity	$ 810,000,000
Debt instrument, maturity date	Jun. 8, 2028
Voluntary prepayment against the term loan	$ 50,600,000
Debt instrument, prepayment premium	1.00%
Interest expense					10,600,000	7,000,000	21,900,000	11,200,000
Amortized costs					1,900,000	$ 1,200,000	4,100,000	$ 1,800,000
Refinanced Term B Loans | Base Rate
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Refinanced Term B Loans | Eurodollar, London Interbank Offered Rate (LIBOR)
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.50%
2018 Amended Term B Loan
Line Of Credit Facility [Line Items]
Borrowing capacity			$ 494,000,000
Debt instrument, maturity date				Nov. 30, 2023
Voluntary prepayment against the term loan			$ 100,000,000
2018 Amended Term B Loan | Royal Bank of Canada
Line Of Credit Facility [Line Items]
Loan facility, term				7 years
Borrowing capacity				$ 600,000,000
2019 Term Loan Facility | TiVo Merger
Line Of Credit Facility [Line Items]
Debt instrument, maturity date		Nov. 22, 2024
Debt instrument, prepayment premium		3.00%
Outstanding borrowings		$ 715,000,000
Repayment of debt and prepayment penalty		$ 734,600,000
2021 Convertible Notes
Line Of Credit Facility [Line Items]
Unamortized debt discount and issuance costs					$ 26,600,000		$ 26,600,000
Interest rate					5.00%		5.00%
Borrowings					$ 810,000,000		$ 810,000,000
2021 Convertible Notes | TiVo Merger
Line Of Credit Facility [Line Items]
Interest rate		2.00%
Debt assumed		$ 48,000

Debt - Summarize of Future Mini

Debt - Summarize of Future Minimum Principal Payments for Long-term Debt (Details) $ in Thousands	Jun. 30, 2021USD ($)
Debt Disclosure [Abstract]
2021 (remaining 6 months)	$ 20,250
2022	40,500
2023	40,500
2024	40,500
2025	40,500
Thereafter	627,750
Total	$ 810,000

Net Income(Loss) Per Share - Co

Net Income(Loss) Per Share - Computation of Basic and Diluted Net Income Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Denominator:
Weighted average shares of common stock outstanding	104,906	69,160	104,923	59,462
Less: shares of restricted stock subject to repurchase (in shares)	0	0	0	0
Total common shares-basic (in shares)	104,906	69,160	104,923	59,462
Effect of dilutive securities:
Options (in shares)	0	0	29	0
Restricted stock awards and units (in shares)	0	0	2,715	0
Total common shares-diluted (in shares)	104,906	69,160	107,667	59,462

Net Income (Loss) Per Share - A

Net Income (Loss) Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Shares of common stock excluded from the computation of net income (loss) per share	5.8	4.7	2.1	3.8

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details)	Jun. 01, 2020shares	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)shares	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)shares	Dec. 31, 2020USD ($)$ / sharesshares	Jun. 30, 2021USD ($)$ / sharesshares	Apr. 22, 2021USD ($)	Jun. 12, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock conversion terms				Upon completion of the Mergers, each share of common stock of Xperi was converted into the right to receive one fully paid and non-assessable share of Company Common Stock. Further upon completion of the Mergers, each share of TiVo Common Stock was converted into the right to receive 0.455 fully paid and non-assessable shares of the Company Common Stock (the “Exchange Ratio”), in addition to cash in lieu of any fractional shares of the Company Common Stock.
Stock repurchase program, authorized amount | $								$ 100,000,000	$ 150,000,000
Treasury stock, total repurchase during period (in shares)						4,900,000	6,400,000
Treasury stock, average price of share repurchased (in dollars per share) | $ / shares						$ 14.25	$ 16.30
Treasury stock, total cost of repurchased stock | $		$ 9,974,000	$ 15,000,000	$ 34,981,000	$ 15,000,000	$ 70,100,000	$ 105,100,000
Stock repurchase program, remaining amount available for repurchase | $		$ 144,900,000		$ 144,900,000			$ 144,900,000
Tax withholding on restricted stock units (in shares)		100,000	200,000	400,000	400,000
Tax withholding on restricted stock units | $		$ 1,000,000	$ 2,800,000	$ 8,300,000	$ 5,900,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for grant (in shares)		1,400,000		1,400,000			1,400,000
Expiration period				24 months
Rolling expiration period				24 months
Maximum employee subscription rate		100.00%		100.00%			100.00%
Purchase price of common stock, percent				85.00%
Maximum employee subscription amount | $		$ 25,000		$ 25,000			$ 25,000
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance awards, percentage of grant available to vest				0.00%
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance awards, percentage of grant available to vest				200.00%
Xperi Corporation Seventh Amended and Restated 2003 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for grant (in shares)	0
2020 EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period				10 years
Vesting period				4 years
Share based compensation full value awards counted against shares available for issuance ratio				1.5
Number of shares reserved for issuance		8,000,000		8,000,000			8,000,000
2020 EIP | Time-based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years
Assumed Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	7 years
Vesting period	4 years
Assumed Plans | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
2020 EIP and Assumed Plans | Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for grant (in shares)		5,300,000		5,300,000			5,300,000
Xperi
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, conversion ratio	1
TiVo
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, conversion ratio	0.455

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Stock Option Activity (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of Shares Subject to Options
Number of Shares, Beginning balance (shares) | shares	637
Number of Shares, Options exercised (shares) | shares	(37)
Number of Shares, Options canceled / forfeited / expired (shares) | shares	(140)
Number of Shares, Ending balance (shares) | shares	460
Weighted Average Exercise Price Per Share
Weighted Average Exercise Price Per Share, Beginning balance (USD per share) | $ / shares	$ 29.59
Weighted Average Exercise Price Per Share, Options exercised (USD per share) | $ / shares	20.28
Weighted Average Exercise Price Per Share, Options canceled / forfeited / expired (USD per share) | $ / shares	44.91
Weighted Average Exercise Price Per Share, Ending balance (USD per share) | $ / shares	$ 25.71

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Restricted Stock Awards and Units (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Time-Based Restricted Stock Award and 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 awards and units, beginning balance (shares)	5,662
Restricted stock awards and units, granted (shares)	2,999
Restricted stock awards and units, vested / earned (shares)	(1,050)
Restricted stock awards and units, canceled / forfeited (shares)	(505)
Restricted stock awards and units, ending balance (shares)	7,106
Performance-Based Restricted Stock Award and 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 awards and units, beginning balance (shares)	1,061
Restricted stock awards and units, granted (shares)	645
Restricted stock awards and units, canceled / forfeited (shares)	(42)
Restricted stock awards and units, ending balance (shares)	1,664
Restricted Stock and 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 awards and units, beginning balance (shares)	6,723
Restricted stock awards and units, granted (shares)	3,644
Restricted stock awards and units, vested / earned (shares)	(1,050)
Restricted stock awards and units, canceled / forfeited (shares)	(547)
Restricted stock awards and units, ending balance (shares)	8,770
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 and units, beginning balance (USD per share) | $ / shares	$ 16.63
Weighted average grant date fair value per share of restricted stock and units, granted (USD per share) | $ / shares	23.59
Weighted average grant date fair value per share of restricted stock and units, vested / earned (USD per share) | $ / shares	20.61
Weighted average grant date fair value of restricted stock and units, canceled / forfeited (USD per share) | $ / shares	16.49
Weighted average grant date fair value per share of restricted stock and units, ending balance (USD per share) | $ / shares	$ 19.05

Stock-Based Compensation Expe_3

Stock-Based Compensation Expense - Effect of Recording Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 14,835	$ 8,469	$ 28,054	$ 16,456
Tax effect on stock-based compensation expense	(180)	(353)	(334)	(1,495)
Net effect on net income (loss)	14,655	8,116	27,720	14,961
Cost of licensing, services and software revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	529	73	852	73
Research, development and other related costs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4,810	2,838	9,157	5,874
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 9,496	$ 5,558	$ 18,045	$ 10,509

Stock-Based Compensation Expe_4

Stock-Based Compensation Expense - Stock-Based Compensation Expense Categorized by Equity Components (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 14,835	$ 8,469	$ 28,054	$ 16,456
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,414	296	2,684	986
Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	21	26	40	30
Restricted Stock Awards and Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 13,400	$ 8,147	$ 25,330	$ 15,440

Stock-Based Compensation Expe_5

Stock-Based Compensation Expense - Additional Information (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of shares, options granted	0	0	0	0

Stock-Based Compensation Expe_6

Stock-Based Compensation Expense - Schedule of Assumptions Used to Value Awards Granted (Details)	1 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Jul. 31, 2020	Feb. 29, 2020
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)	2 years	2 years		2 years
Risk-free interest rate	0.10%	0.10%		1.40%
Dividend yield	1.20%	1.40%		4.00%
Expected volatility	52.00%	57.50%		45.80%
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)	3 years		3 years
Risk-free interest rate	0.30%		0.20%
Dividend yield	1.00%		1.40%
Expected volatility	47.90%		51.30%

Stock-Based Compensation Expe_7

Stock-Based Compensation Expense - Schedule of Assumptions Used to Value Awards Granted (Parenthetical) (Details) - shares	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, options granted		0	0	0	0
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, options granted	0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	May 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Provision for (benefit from) income taxes	$ 3,300	$ (2,876)	$ (9,299)	$ (10,500)	$ (6,891)	$ (7,243)
Effective tax rate (percent)					162.60%	62.70%
Loss before taxes		(4,700)	(32,400)		$ (4,200)	$ (11,600)
U.S. federal tax rate					21.00%
Increase in gross unrecognized tax benefits					$ 1,600
Gross unrecognized tax benefits	184,000	228,700	184,000		228,700	184,000	$ 227,200
Unrecognized tax benefits that would impact the effective income tax rate	$ 99,600	96,000	$ 99,600		96,000	$ 99,600
Interest and tax penalties related to unrecognized tax benefits					800
Accrued interest and tax penalties related to unrecognized tax benefits		$ 3,400			$ 3,400		$ 2,500

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021
Lessee Lease Description [Line Items]
Operating lease existence of option to extend	true
Operating lease description	The Company’s leases have remaining lease terms of one year to eight years, some of which may include options to extend the leases for five years or longer, and some of which may include options to terminate the leases within the next 6 years or less. Leases with an initial term of 12 months or less are not recorded on the balance sheets
Minimum
Lessee Lease Description [Line Items]
Remaining lease term	1 year
Lessee term of period to extend	5 years
Maximum
Lessee Lease Description [Line Items]
Remaining lease term	8 years

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Fixed lease cost	$ 5,528	$ 3,323	$ 10,994	$ 5,156
Variable lease cost	1,187	594	2,552	941
Less: sublease income	(3,157)	(843)	(5,346)	(843)
Total operating lease cost	$ 3,558	$ 3,074	$ 8,200	$ 5,254

Leases - Schedule of Other Info

Leases - Schedule of Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Leases [Abstract]
Operating cash flows from operating leases	$ 5,761	$ 3,088	$ 11,316	$ 4,726
Operating lease, ROU assets obtained in exchange for new lease liabilities	$ 3,478	$ 3,673	$ 3,478	$ 3,673
Operating leases, weighted average remaining lease term (years)	4 years 9 months 18 days		4 years 9 months 18 days		5 years 1 month 6 days
Operating leases, weighted average discount rate	5.10%		5.10%		5.20%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments and Related Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Operating Lease Payments
2021 (remaining 6 months)	$ 10,258
2022	19,597	$ 21,825
2023	17,620	18,420
2024	16,589	16,776
2025	15,009	15,719
2025		14,635
Thereafter	9,420
Thereafter		8,966
Total lease payments	88,493	96,341
Less: imputed interest	(10,379)	(12,205)
Present value of lease liabilities:	78,114	84,136
Current portion of operating lease liabilities	16,835	17,893
Noncurrent operating lease liabilities	61,279	66,243
Sublease Income
2021 (remaining 6 months)	(3,189)
2022	(7,404)	(6,257)
2023	(7,533)	(6,117)
2024	(7,610)	(6,231)
2025	(7,386)	(6,293)
2025		(6,279)
Thereafter	(935)
Thereafter		(935)
Total lease payments	(34,057)	(32,112)
Present value of lease liabilities:	(34,057)	(32,112)
Net Operating Lease Payments
2021 (remaining 6 months)	7,069
2022	12,193	15,568
2023	10,087	12,303
2024	8,979	10,545
2025	7,623	9,426
2025		8,356
Thereafter	8,485
Thereafter		8,031
Total lease payments	54,436	64,229
Less: imputed interest	(10,379)	(12,205)
Present value of lease liabilities:	$ 44,057	$ 52,024

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	1 Months Ended
	Dec. 31, 2019	Jun. 30, 2021	Dec. 31, 2020
Commitments And Contingencies Disclosure [Line Items]
Purchase commitments		$ 137,300,000
Obligation under other contractual arrangements		2,300,000
Accrued liabilities		90,846,000	$ 129,035,000
Inventory
Commitments And Contingencies Disclosure [Line Items]
Purchase commitments		11,800,000
Accrued liabilities		1,100,000
Qualified Referred Subscribers
Commitments And Contingencies Disclosure [Line Items]
Each qualified referred subscribers fee maximum	$ 5,000,000
Accrued liabilities		$ 800,000

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) - segment	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Number of principal businesses segment			2
Total Revenue | Customer One | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage (or more)		10.00%		10.00%
Total Revenue | No Customer | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage (or more)	10.00%		10.00%
Total Accounts Receivable | Customer One | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage (or more)					10.00%
Total Accounts Receivable | No Customer | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage (or more)			10.00%

Segment and Geographic Inform_4

Segment and Geographic Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Total revenue	$ 222,272	$ 137,631	$ 443,868	$ 255,296
Total operating expenses	209,018	155,350	420,215	248,488
Operating income (loss)	13,254	(17,719)	23,653	6,808
Operating Segments | Product Licensing Segment
Segment Reporting Information [Line Items]
Total revenue	120,426	64,124	244,008	120,066
Total operating expenses	105,047	66,557	213,579	112,794
Operating income (loss)	15,379	(2,433)	30,429	7,272
Operating Segments | IP Licensing Segment
Segment Reporting Information [Line Items]
Total revenue	101,846	73,507	199,860	135,230
Total operating expenses	34,875	20,449	68,442	30,744
Operating income (loss)	66,971	53,058	131,418	104,486
Unallocated Operating Expenses
Segment Reporting Information [Line Items]
Total operating expenses	69,096	68,344	138,194	104,950
Operating income (loss)	$ (69,096)	$ (68,344)	$ (138,194)	$ (104,950)

Segment and Geographic Inform_5

Segment and Geographic Information - Schedule of Geographic Revenue Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 222,272	$ 137,631	$ 443,868	$ 255,296
Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	100.00%	100.00%	100.00%	100.00%
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 141,510	$ 43,049	$ 273,008	$ 66,094
U.S. | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	64.00%	31.00%	62.00%	26.00%
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 24,258	$ 14,032	$ 50,702	$ 65,354
Japan | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	11.00%	10.00%	11.00%	26.00%
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 15,273	$ 60,974	$ 33,786	$ 88,557
South Korea | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	7.00%	45.00%	8.00%	35.00%
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 14,849	$ 6,982	$ 31,270	$ 11,430
Europe and Middle East | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	6.00%	5.00%	7.00%	4.00%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 26,382	$ 12,594	$ 55,102	$ 23,861
Other | Total Revenue | Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	12.00%	9.00%	12.00%	9.00%

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event	Jul. 26, 2021$ / shares
Subsequent Event [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.05
Dividends declaration date	Jul. 26, 2021
Dividends payable date	Sep. 14, 2021
Dividends record date	Aug. 24, 2021