Avid Technology (AVID) 10-K 1 Mar 23 2022 FY Annual report Financial data

COVER

COVER - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 24, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-36254
Entity Registrant Name	Avid Technology, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-2977748
Entity Address, Address Line One	75 Blue Sky Drive
Entity Address, City or Town	Burlington
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01803
City Area Code	978
Local Phone Number	640-6789
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	AVID
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,078,422,056
Entity Common Stock, Shares Outstanding		43,777,450
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Document Description 10-K Part Portions of the Registrant’s Proxy Statement for the 2023 Annual Meeting of Stockholders III
Entity Central Index Key	0000896841
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
ICFR Auditor Attestation Flag	true

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor [Abstract]
Auditor Name	BDO USA, LLP
Auditor Location	Boston, Massachusetts
Auditor Firm ID	243

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net revenues:
Products	$ 417,413	$ 409,944	$ 360,466
Cost of revenues:
Total cost of revenues	142,975	144,140	132,146
Gross Profit, Total	274,438	265,804	228,320
Operating expenses:
Research and development	66,904	65,559	57,018
Marketing and selling	95,977	95,494	87,637
General and administrative	57,189	57,372	47,052
Restructuring costs, net	513	1,116	5,046
Total operating expenses	220,583	219,541	196,753
Operating income	53,855	46,263	31,567
Interest income	45	6	70
Interest expense	(9,395)	(7,155)	(20,071)
Other income (expense), net	832	4,841	868
(Loss) income before income taxes	45,337	43,955	12,434
Provision for (benefit from) income taxes	(9,904)	2,567	1,372
Net (loss) income	$ 55,241	$ 41,388	$ 11,062
Earnings Per Share, Basic	$ 1.24	$ 0.92	$ 0.25
Earnings Per Share, Diluted	$ 1.23	$ 0.89	$ 0.25
Weighted-average common shares outstanding - basic	44,531	45,101	43,822
Weighted-average common shares outstanding - diluted	44,856	46,303	44,878
Subscription services
Net revenues:
Products	$ 151,330	$ 108,443	$ 72,831
Cost of revenues:
Products	23,504	14,963	6,870
Maintenance services
Net revenues:
Products	109,845	122,411	124,175
Cost of revenues:
Products	19,913	22,981	21,651
Service
Net revenues:
Products	156,238	179,090	163,460
Cost of revenues:
Products	$ 99,558	$ 106,196	$ 103,625

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME Statement - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net (loss) income	$ 55,241	$ 41,388	$ 11,062
Other comprehensive income (loss):
Foreign currency translation adjustments	(1,767)	(2,436)	2,253
Comprehensive (loss) income	$ 53,474	$ 38,952	$ 13,315

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 35,247,000	$ 56,818,000
Restricted cash	2,413,000	2,416,000
Accounts receivable, net of allowances of $601 and $1,456 at December 31, 2022 and 2021, respectively	76,849,000	77,046,000
Inventories	20,981,000	19,922,000
Prepaid expenses	8,360,000	5,464,000
Contract assets	32,295,000	18,903,000
Other current assets	2,826,000	1,953,000
Total current assets	178,971,000	182,522,000
Property and equipment, net	23,684,000	16,028,000
Goodwill	32,643,000	32,643,000
Deferred tax assets, net	15,859,000	5,210,000
Other long-term assets	14,901,000	13,454,000
Total assets	287,453,000	274,000,000
Current liabilities:
Accounts payable	45,904,000	26,854,000
Accrued compensation and benefits	22,602,000	35,458,000
Accrued expenses and other current liabilities	36,031,000	37,552,000
Income taxes payable	62,000	868,000
Short-term debt	9,710,000	9,158,000
Deferred revenues	76,308,000	87,475,000
Total current liabilities	190,617,000	197,365,000
Long-term debt	172,958,000	160,806,000
Long-term deferred revenues	17,842,000	10,607,000
Operating Lease, Liability, Noncurrent	20,470,000	23,379,000
Operating Lease, Right-of-Use Asset	21,395,000	24,143,000
Other long-term liabilities	4,348,000	5,917,000
Total liabilities	406,235,000	398,074,000
Commitments and contingencies (Note J)
Stockholders' deficit:
Preferred stock, $0.01 par value, 1,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.01 par value, 100,000 shares authorized; 42,339 shares issued and 41,949 shares and 41,356 shares outstanding at December 31, 2018 and 2017, respectively	462,000	455,000
Additional paid-in capital	1,036,287,000	1,031,633,000
Accumulated deficit	(1,071,718,000)	(1,126,959,000)
Treasury stock at cost, net of reissuances, 391 and 983 shares at December 31, 2018 and 2017, respectively	(77,933,000)	(25,090,000)
Accumulated other comprehensive loss	(5,880,000)	(4,113,000)
Total stockholders' deficit	(118,782,000)	(124,074,000)
Total liabilities and stockholders' deficit	$ 287,453,000	$ 274,000,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Allowances for sales returns and doubtful accounts	$ 601	$ 1,456
Stockholders' deficit:
Commons stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	46,681,000	45,828,000
Common stock, shares outstanding	43,771,000	44,954,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balances at beginning of period at Dec. 31, 2019	$ (155,085)	$ 430	$ 1,027,824	$ (1,179,409)	$ 0	$ (3,930)
Balances at beginning of period (in shares) at Dec. 31, 2019		43,150			0
Stock issued pursuant to employee stock plans	$ (1,818)	$ 12	(1,830)		$ 0
Stock issued pursuant to employee stock plans (in shares)	1,270				0
Stock-based compensation	$ 10,664		10,664
Net (loss) income	11,062			11,062
Other comprehensive income (loss)	2,253					2,253
Balances at end of period at Dec. 31, 2020	(132,924)	$ 442	1,036,658	(1,168,347)	$ 0	(1,677)
Balances at end of period (in shares) at Dec. 31, 2020		44,420			0
Stock repurchased	(25,090)				$ (25,090)
Stock issued pursuant to employee stock plans	$ (18,749)	$ 13	(18,762)
Stock issued pursuant to employee stock plans (in shares)	1,408
Stock-based compensation	$ 13,737		13,737
Repurchase of common stock (in shares)					(874)
Net (loss) income	41,388
Other comprehensive income (loss)	(2,436)					(2,436)
Balances at end of period at Dec. 31, 2021	$ (124,074)	$ 455	1,031,633	(1,126,959)	$ (25,090)	(4,113)
Balances at end of period (in shares) at Dec. 31, 2021	44,954	45,828			(874)
Stock repurchased	$ (52,843)				$ (52,843)
Stock issued pursuant to employee stock plans	$ (11,894)	$ 7	(11,901)
Stock issued pursuant to employee stock plans (in shares)	853
Stock-based compensation	$ 16,555		16,555
Repurchase of common stock (in shares)					(2,037)
Net (loss) income	55,241
Other comprehensive income (loss)	(1,767)					(1,767)
Balances at end of period at Dec. 31, 2022	$ (118,782)	$ 462	$ 1,036,287	$ (1,071,718)	$ (77,933)	$ (5,880)
Balances at end of period (in shares) at Dec. 31, 2022	43,771	46,681			(2,911)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net (loss) income	$ 55,241	$ 41,388	$ 11,062
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	8,324	8,254	8,505
(Recovery) provision for doubtful accounts	1,056	694	1,298
(Gain) loss on disposal of fixed assets	0	2,579	0
Stock-based compensation expense	16,555	13,737	10,664
Non-cash provision for restructuring	495	956	5,046
Non-cash interest expense	516	515	3,651
Gain on forgiveness of PPP loan	0	(7,800)	0
Gain (Loss) on Disposition of Other Assets	548	0	0
Unrealized foreign currency transaction losses (gains)	(788)	(2,101)	1,570
Benefit from deferred taxes	(10,649)	1,591	827
Changes in operating assets and liabilities:
Accounts receivable	(859)	875	(6,124)
Inventories	(1,059)	6,646	2,598
Prepaid expenses and other current assets	(7,238)	(1,156)	6,176
Accounts payable	19,049	5,032	(18,141)
Accrued expenses, compensation and benefits and other liabilities	(16,066)	69	10,432
Income taxes payable	(805)	(796)	(281)
Deferred revenue and contract assets	(16,301)	(7,994)	2,272
Net cash provided by operating activities	48,019	62,489	39,555
Cash flows from investing activities:
Purchases of property and equipment	(15,251)	(6,819)	(5,692)
Net cash used in investing activities	(15,251)	(6,819)	(5,692)
Cash flows from financing activities:
Proceeds from revolving line of credit	44,000	0	22,000
Repayment on revolving line of credit	(44,000)	0	(22,000)
Proceeds from long-term debt	20,000	180,000	7,800
Repayment of debt	(6,871)	(210,456)	(2,250)
Payments for repurchase of common stock	(52,993)	(24,787)	0
Payments for repurchase of outstanding notes	0	0	(28,867)
Proceeds from the issuance of common stock under employee stock plans	928	808	547
Common stock repurchases for tax withholdings for net settlement of equity awards	(12,822)	(19,557)	(2,365)
Prepayment penalty on extinguishment of debt	0	(1,169)	0
Partial retirement of the convertible notes conversion feature and capped call option unwind	0	0	875
Payments for credit facility issuance costs	(942)	(2,574)	(289)
Net cash used in financing activities	(52,700)	(77,735)	(24,549)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,772)	(1,016)	1,748
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(21,704)	(23,081)	11,062
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	60,556	83,637	72,575
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	38,852	60,556	83,637
Supplemental information: [Abstract]
Cash and Cash Equivalents, at Carrying Value	35,247	56,818	79,899
Restricted cash	2,413	2,416	1,422
Restricted Cash, Noncurrent	1,192	1,322	2,316
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	38,852	60,556	83,637
Cash (refunded) paid for income taxes, net	1,697	1,034	(391)
Cash paid for interest	5,859	7,439	17,499
Non-cash transaction - property and equipment included in accounts payable or accruals	$ 806	$ 649	$ 0

BUSINESS (Notes)

BUSINESS (Notes)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	BUSINESS Description of Business Avid Technology, Inc. (“Avid”, “we” or “us”) develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution. We are a leading technology provider that powers the media and entertainment industry. We do this by providing an open and efficient platform for digital media, along with a comprehensive set of tools and workflow solutions. Our solutions are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communications departments; and by independent video and audio creative professionals, as well as aspiring professionals. Projects produced using our tools, platform, and ecosystem include feature films, television programming, live events, news broadcasts, sports productions, commercials, music, video, and other digital media content. Subsequent Event On January 25, 2023, we announced a voluntary early retirement program, in order to realign the organization and enable further investment in key priority areas and proactively manage transitional planning. The program is currently made available to those employees in the US who were at least 58 years old with 4 or more years of service at Avid. Employees had until February 13, 2023 to opt in to the program. We are still in the process of evaluating the impact for those who opt in to the program.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies (Notes)	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include our accounts and our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated. Basis of Presentation and Use of Estimates Our preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from our estimates. Immaterial corrections from a previous year: During the fourth quarter of 2022, the Company recorded an adjustment of approximately $2.0 million to subscription revenue related to a correction of an immaterial error in our standalone selling prices related to the prior years. We determined the adjustment was not material to any prior periods presented in the accompanying consolidated financial statements and the notes hereto. Revenue Recognition We enter into contracts with customers that include various combinations of products and services, which are typically capable of being distinct and are accounted for as separate performance obligations. We account for a contract when (i) it has approval and commitment from both parties, (ii) the rights of the parties have been identified, (iii) payment terms have been identified, (iv) the contract has commercial substance, and (v) collectability is probable. We recognize revenue upon transfer of control of promised products or services to customers, which typically occurs upon shipment or delivery depending on the terms of the underlying contracts, in an amount that reflects the consideration we expect to receive in exchange for those products or services. See Note P for disaggregated revenue schedules and further discussion on revenue and deferred revenue performance obligations and the timing of revenue recognition. We often enter into contractual arrangements that have multiple performance obligations, one or more of which may be delivered subsequent to the delivery of other performance obligations. These arrangements may include a combination of products, maintenance, training, and professional services. We allocate the transaction price of the arrangement based on the relative estimated standalone selling price, or SSP, of each distinct performance obligation. Our process for determining SSP for each performance obligation involves significant management judgment. In determining SSP, we maximize observable inputs and consider a number of data points, including: • the pricing of standalone sales (in the limited instances where available); • the pricing established by management when setting prices for deliverables that are intended to be sold on a standalone basis; • contractually stated prices for deliverables that are intended to be sold on a standalone basis; • other pricing factors, such as the geographical region in which the products are sold and expected discounts based on the customer size and type. Determining SSP for performance obligations which we never sell separately also requires significant judgment. In estimating the SSP in these circumstances, we consider the likely price that would have resulted from established pricing practices had the deliverable been offered separately and the prices a customer would likely be willing to pay. We only include estimated amounts 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. We reduce transaction prices for estimated returns and other allowances that represent variable consideration and record a corresponding refund liability as a component of accrued expenses and other current liabilities. Other forms of contingent revenue or variable consideration are infrequent. While not a common practice for us, in the event we grant the customer the option to acquire additional products or services in an arrangement, we consider if the option provides a material right to the customer that it would not receive without entering into the contract (e.g., an incremental discount compared to the range of discounts typically given for similar products or services). If a material right is deemed to exist, we account for the option as a distinct performance obligation and recognize revenue when those future products or services are transferred or when the option expires. We also record as revenue all amounts billed to customers for shipping and handling costs and record the actual shipping costs as a component of cost of revenues. Reimbursements received from customers for out-of-pocket expenses are recorded as revenues, with related costs recorded as cost of revenues. We present revenues net of any taxes collected from customers and remitted to government authorities. Our contracts rarely contain significant financing components as payments from customers are due within a short period from when our performance obligations are satisfied. We are applying the practical expedient for the deferral of sales commissions and other contract acquisition costs, which are expensed as incurred, because the amortization period would be one year or less. Allowance for Sales Returns and Exchanges We maintain allowances for estimated potential sales returns and exchanges from our customers, which represents variable consideration under ASC 606. We record a provision for estimated returns and other allowances as a reduction of revenues in the same period that related revenues are recorded based on historical experience and specific customer analysis. Use of management estimates is required in connection with establishing and maintaining a sales allowance for expected returns and other credits. The allowance also includes rebates offered through our partner program. If actual returns differ from the estimates, additional allowances could be required. The following table sets forth the activity in the allowance for sales returns and exchanges for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Allowance for sales returns and exchanges – beginning of year $ 11,298 $ 9,306 $ 8,230 Additions and adjustments to the allowance 1,016 8,885 10,746 Deductions against the allowance (4,608) (6,893) (9,670) Allowance for sales returns and exchanges – end of year $ 7,706 $ 11,298 $ 9,306 The allowance for sales returns and exchanges reflects an estimate of amounts invoiced that will not be collected, as well as other allowances and credits that have been or are expected to offset the trade receivables. The allowance for sales returns and exchanges is recorded as a component of accrued expenses and other current liabilities as of December 31, 2022, December 31, 2021 and December 31, 2020. Trade Receivables and Allowances for Doubtful Accounts We classify our right to consideration in exchange for deliverables as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional (i.e. only the passage of time is required before payment is due). We present such receivables in accounts receivable, net of allowance for doubtful accounts, in our consolidated balance sheets. We maintain allowances for estimated losses from bad debt resulting from the inability of our customers to make required payments for products or services. When evaluating the adequacy of the allowances, we analyze accounts receivable balances, historical bad debt experience, customer concentrations, customer credit worthiness, and current economic trends. To date, actual bad debts have not differed materially from management’s estimates. The following table sets forth the activity in the allowance for doubtful accounts for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Allowance for doubtful accounts – beginning of year $ 1,456 $ 1,478 $ 958 Provision for doubtful accounts 1,056 694 1,298 Reduction in allowance for doubtful accounts (1,911) (716) (778) Allowance for doubtful accounts – end of year $ 601 $ 1,456 $ 1,478 Translation of Foreign Currencies The functional currency of each of our foreign subsidiaries is the local currency, except for the Irish manufacturing branch and Orad Hi-Tech Systems Ltd. (“Orad”) that we acquired in June 2015. The functional currency for both the Irish manufacturing branch and Orad is the U.S. dollar due to the extensive interrelationship of the operations of the Irish branch, Orad, and the U.S. parent, and the high volume of intercompany transactions among the two subsidiaries and the parent. The assets and liabilities of the subsidiaries whose functional currencies are currencies other than the U.S. dollar are translated into U.S. dollars at the current exchange rate in effect at the balance sheet date. Income and expense items for these entities are translated using rates that approximate those in effect during the period. Cumulative translation adjustments are included in accumulated other comprehensive income (loss), which is reflected as a separate component of stockholders’ deficit. We do not record tax provisions or benefits for the net changes in the foreign currency translation adjustment as we intend to permanently reinvest undistributed earnings in our foreign subsidiaries. The U.S. parent company, Irish manufacturing branch, and Orad, all of whose functional currency is the U.S. dollar, carry certain monetary assets and liabilities denominated in currencies other than the U.S. dollar. These assets and liabilities typically include cash, accounts receivable, and intercompany operating balances denominated in foreign currencies. These assets and liabilities are remeasured into the U.S. dollar at the current exchange rate in effect at the balance sheet date. Foreign currency transaction and remeasurement gains and losses are included within marketing and selling expenses in the results of operations. The U.S. parent company and various other wholly owned subsidiaries have long-term intercompany loan balances denominated in foreign currencies that are remeasured into the U.S. dollar at the current exchange rate in effect at the balance sheet date. Such loan balances are not expected to be settled in the foreseeable future. Any gains and losses relating to these loans are included in the accumulated other comprehensive income (loss), which is reflected as a separate component of stockholders’ deficit. We have significant international operations and, therefore, our revenues, earnings, cash flows, and financial position are exposed to foreign currency risk from foreign-currency-denominated receivables, payables, sales and expense transactions, and net investments in foreign operations. We derive more than half of our revenues from customers outside the United States. The business is, for the most part, transacted through international subsidiaries and generally in the currency of the end-user customers. Therefore, we are exposed to the risks that changes in foreign currency could adversely affect our revenues, net income, cash flow, and financial position. Foreign currency transaction and remeasurement losses and gains are included within marketing and selling expenses in the results of operations. For the year ended December 31, 2022, 2021, and 2020 we recorded net losses of $1.4 million, $1.3 million, and $0.4 million respectively, that resulted from foreign currency denominated transactions and the revaluation of foreign currency denominated assets and liabilities. Cash, Cash Equivalents, Marketable Securities and Restricted Cash We measure cash equivalents and marketable securities at fair value on a recurring basis. The cash equivalents and marketable securities consist primarily of money market investments, mutual funds, and insurance contracts held in deferred compensation plans. The money market investments and mutual funds held in our deferred compensation plan in the U.S. are reported at fair value within other current assets using quoted market prices with the gains and losses included as other income (expense) in our statement of operations. The insurance contracts held in the deferred compensation plans for employees in Israel and Germany are reported at fair value within other long-term assets using other observable inputs. Other than the investments held in our deferred compensation plans, we held no marketable securities at December 31, 2022 or 2021. Restricted cash consists of cash balances which are restricted as to withdrawal or usage and includes cash to collateralize bank letters of credit related primarily to security deposits on our facilities leases and our ongoing operations. Concentration of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist of cash, cash equivalents, restricted cash, and accounts receivable. We place our cash and cash equivalents with financial institutions that management believes to be of high credit quality. Concentrations of credit risk with respect to trade receivables are limited due to the large number of customers that make up our customer base and their dispersion across different regions. No individual customer accounted for 10% or more of our total net revenues or net accounts receivable in the periods presented. Inventories Inventories are stated at the lower of cost (determined on a first-in, first-out basis) or net realizable value. Management regularly reviews inventory quantities on hand and writes down inventory to our realizable value to reflect estimated obsolescence or lack of marketability based on assumptions about future inventory demand and market conditions. Inventory in the digital-media market, including our inventory, is subject to technological change or obsolescence; therefore, utilization of existing inventory may differ from our estimates. Property and Equipment, Internal Use Software, and Cloud Computing Arrangements Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset. We typically depreciate our property and equipment using the following minimum and maximum useful lives: Depreciable Life Minimum Maximum Computer and video equipment and software, including internal use software 2 years 5 years Manufacturing tooling and testbeds 3 years 5 years Office equipment 3 years 5 years Furniture, fixtures, and other 3 years 8 years We capitalize certain development costs incurred in connection with our internal use software. Costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct, are capitalized until the software is substantially complete and ready for its intended use. Capitalized costs are recorded as part of property and equipment. Maintenance and training costs are expensed as incurred. Internal use software is amortized on a straight-line basis over its estimated useful life, generally three years. We also enter into certain cloud-based software hosting arrangements that are accounted for as service contracts. For internal-use software obtained through a hosting arrangement that is in the nature of a service contract, we incur certain implementation costs such as integrating, configuring, and software customization, which are consistent with costs incurred during the application development stage for on-premise software. We apply the same guidance to determine costs that are eligible for capitalization. For these arrangements, we amortize the capitalized development costs straight-line over the fixed, noncancellable term of the associated hosting arrangement plus any reasonably certain renewal periods. We also apply the same impairment model to both internal-use software and capitalized implementation costs in a software hosting arrangement that is in the nature of a service contract. Leasehold improvements are amortized over the shorter of the useful life of the improvement or the remaining term of the lease. Expenditures for maintenance and repairs are expensed as incurred. Upon retirement or other disposition of assets, the cost and related accumulated depreciation are eliminated from the accounts and the resulting gain or loss is reflected in “other income, net” in the results of operations. Goodwill We concluded that we have only one reporting unit and stockholders’ deficit of $118.8 million as of December 31, 2022. According to the guidance, the goodwill of reporting units with zero or negative carrying values will not be impaired. Long-Lived Assets We periodically evaluate our long-lived assets for events and circumstances that indicate a potential impairment. If an impairment indicator is present, a long-lived asset is assessed for impairment when the undiscounted expected future cash flows derived from that asset are less than its carrying value. The cash flows used for this analysis take into consideration a number of factors including past operating results, budgets and economic projections, market trends, and product development cycles. The amount of any impairment would be equal to the difference between the estimated fair value of the asset, based on a discounted cash flow analysis, and its carrying value. Advertising Expenses All advertising costs are expensed as incurred and are classified as marketing and selling expenses. Advertising expenses for the years ended December 31, 2022, 2021, and 2020 were $2.7 million, $2.9 million, and $0.1 million, respectively. Research and Development Costs Research and development costs are expensed as incurred. Income Taxes We account for income taxes using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns. We record deferred tax assets and liabilities based on the net tax effects of tax credits, operating loss carryforwards, and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes compared to the amounts used for income tax purposes. Deferred tax assets are regularly reviewed for recoverability with consideration for such factors as historical losses, projected future taxable income, and the expected timing of the reversals of existing temporary differences. We are required to record a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. The IRA includes, among other things, a corporate alternative minimum tax (CAMT) that applies to certain applicable corporations with average financial statement income in excess of $1 billion. CAMT applies to years beginning in 2023. We do not currently expect a material impact (if any) of the CAMT. The IRA also includes a new U.S. federal 1% excise tax on publicly traded corporations that repurchase their stock, applicable to buybacks occurring on or after January 1, 2023. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. We account for uncertainty in income taxes recognized in our financial statements by applying a two-step process to determine the amount of tax benefit to be recognized. First, the tax position must be evaluated to determine the likelihood that it will be sustained upon examination by the taxing authorities, based on the technical merits of the position. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the financial statements. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized upon ultimate settlement. The provision for income taxes includes the effects of any resulting tax reserves (“unrecognized tax benefits”) that are considered appropriate, as well as the related net interest and penalties. Accounting for Stock-Based Compensation Our stock-based employee compensation plans allow us to grant stock awards, options, or other equity-based instruments, or a combination thereof, as part of our overall compensation strategy. For stock-based awards granted, we record stock-based compensation expense based on the grant date fair value over the requisite service periods for the individual awards, which generally equal the vesting periods. The vesting of stock-based award grants may be based on time, performance conditions, market conditions, or a combination of time, performance and market conditions. We account for forfeitures when they occur. Certain Company stock-based compensation awards contain provisions that allow for continued vesting into retirement. Stock-based awards are considered fully vested for expense attribution purposes when the employee's retention of the award is no longer contingent on providing subsequent service. Product Warranties We provide warranties on externally sourced and internally developed hardware. The warranty period for all of our products is generally 90 days to one year, but can extend up to five years depending on the manufacturer’s warranty or local law. For internally developed hardware and in cases where the warranty granted to customers for externally sourced hardware is greater than that provided by the manufacturer, we record an accrual for the related liability based on historical trends and actual material and labor costs. At the end of each quarter, we reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjusts the accrued amounts accordingly. Computation of Net Income Per Share Net income per share is presented for both basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is based on the weighted-average number of common shares outstanding during the period, excluding non-vested restricted stock held by employees. Diluted EPS is based on the weighted-average number of common and potential common shares outstanding during the period. Potential common shares result from the assumed exercise of outstanding stock options and non-vested restricted stock and restricted stock units, the proceeds and remaining unrecorded compensation expense of which are then assumed to have been used to repurchase outstanding common stock using the treasury stock method. For periods when we report net income, potential common shares with combined purchase prices and unamortized compensation costs in excess of our average common stock fair value for the related period or that are contingently issuable are considered anti-dilutive. Accounting for Restructuring Plans Based on our policies for the calculation and payment of severance benefits, we account for employee-related restructuring charges as an ongoing benefit arrangement in accordance with ASC Topic 712, Compensation - Nonretirement Postemployment Benefits . Related Party Transactions From time to time we enter into arrangements with parties which may be affiliated with us, executive officers, and members of our board of directors. These transactions are primarily comprised of sales transactions in the normal course of business and are immaterial to the financial statements for all periods presented. Leases We have entered into a number of facility leases to support our research and development activities, sales operations, and other corporate and administrative functions in North America, Europe, the Middle East, and Asia, which qualify as operating leases under U.S. GAAP. We also have a limited number of equipment leases that also qualify as operating leases. We determine if contracts with vendors represent a lease or have a lease component under U.S. GAAP at contract inception. During 2020, we also entered into a limited number of equipment leases that qualify as finance leases. Our leases have remaining terms ranging from less than one year to six years. We lease corporate office space in Burlington, Massachusetts, which expires in May 2028. Some of our leases include options to extend or terminate the lease prior to the end of the agreed upon lease term. For purposes of calculating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise such options. Operating lease right of use assets and liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the lease commencement date. As our leases generally do not provide an implicit rate, we use an estimated incremental borrowing rate in determining the present value of future payments. The incremental borrowing rate represents an estimate of the interest rate we would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease within a particular location and currency environment. The operating leases are included in “Right of use assets,” “Accrued expenses and other current liabilities,” and “Long-term lease liabilities” on our consolidated balance sheets. Finance lease right of use assets and liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the lease commencement date. Each lease agreement provides an implicit discount rate used to determine the present value of future payments. Lease costs are included within cost of revenues and operating expenses on the consolidated statements of operations, and the related cash payments are included in the operating cash flows on the consolidated statements of cash flows. Variable lease costs, finance lease costs, and sublease income are not material. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We have elected the following lease exceptions and practical expedients: Separation of lease and non-lease components Non-lease components are excluded from our right of use (“ROU”) assets and lease liabilities and expensed as incurred. Short-term policy We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and 12 months or less, and expense is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less, that do not include an option to purchase the underlying asset that we are reasonably certain to exercise, are not recorded on the consolidated balance sheets.

NET INCOME PER SHARE (Notes)

NET INCOME PER SHARE (Notes)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET INCOME PER SHARE Net income per common share is presented for both Basic EPS and Diluted EPS. Basic EPS is based on the weighted-average number of common shares outstanding during the period. Diluted EPS is based on the weighted-average number of common shares and common shares equivalents outstanding during the period. The potential common shares that were considered anti-dilutive securities were excluded from the diluted earnings per share calculations for the relevant periods either because the sum of the exercise price per share and the unrecognized compensation cost per share was greater than the average market price of our common stock for the relevant periods, or because they were considered contingently issuable. The contingently issuable potential common shares result from certain stock options and restricted stock units granted to our employees that vest based on performance conditions, market conditions, or a combination of performance and market conditions. The following table sets forth (in thousands) common shares considered anti-dilutive securities at December 31, 2022, 2021, and 2020: December 31, 2022 December 31, 2021 December 31, 2020 Options — — 4 Non-vested restricted stock units 782 941 737 Anti-dilutive potential common shares 782 941 741 The following table sets forth (in thousands) the basic and diluted weighted common shares outstanding at December 31, 2022, 2021, and 2020: 2022 2021 2020 Weighted common shares outstanding - basic 44,531 45,101 43,822 Net effect of common stock equivalents 325 1,202 1,056 Weighted common shares outstanding - diluted 44,856 46,303 44,878

FAIR VALUE MEASUREMENTS (Notes)

FAIR VALUE MEASUREMENTS (Notes)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Assets and Liabilities Measured at Fair Value on a Recurring Basis We measure deferred compensation investments on a recurring basis. At December 31, 2022 and 2021, our deferred compensation investments were classified as either Level 1 or Level 2 in the fair value hierarchy. Assets valued using quoted market prices in active markets and classified as Level 1 are money market and mutual funds. Assets valued based on other observable inputs and classified as Level 2 are insurance contracts. The assets held at fair value are included in “Other current assets” and “Other long-term assets” on our consolidated balance sheet as of December 31, 2022 and 2021 . The following tables summarize our deferred compensation investments measured at fair value on a recurring basis (in thousands): Fair Value Measurements at Reporting Date Using December 31, Quoted Prices in Significant Significant Financial Assets: Deferred compensation investments $ 376 $ 85 $ 291 $ — Fair Value Measurements at Reporting Date Using December 31, 2021 Quoted Prices in Significant Significant Financial Assets: Deferred compensation investments $ 408 $ 99 $ 309 $ — Financial Instruments Not Recorded at Fair Value The carrying amounts of our other financial assets and liabilities including cash, accounts receivable, accounts payable, and accrued liabilities approximate their respective fair values because of the relatively short period of time between their origination and their expected realization or settlement. The carrying value of the term loan is net of debt issuance costs and approximates its fair value.

INVENTORIES (Notes)

INVENTORIES (Notes)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Raw materials $ 7,984 $ 8,519 Work in process 288 304 Finished goods 12,709 11,099 Total $ 20,981 $ 19,922

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	Property and equipment consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Computer and video equipment and software $ 119,602 $ 133,294 Manufacturing tooling and testbeds 4,228 4,889 Office equipment 610 4,909 Furniture, fixtures and other 4,853 9,915 Leasehold improvements 27,834 37,034 157,127 190,041 Less: accumulated depreciation and amortization 133,443 174,013 Total $ 23,684 $ 16,028 We capitalize certain development costs incurred in connection with our internal use software. For the year ended December 31, 2022, we capitalized $8.8 million of contract labor and internal labor costs related to internal use software, and recorded the capitalized costs in computer and video equipment and software. There were $2.6 million of contract labor and internal labor costs capitalized for the year ended December 31, 2021. Internal use software is amortized on a straight line basis over its estimated useful life of three years, and we recorded amortization expense of $3.8 million, $3.1 million, and $3.1 million for the years ended December 31, 2022, 2021, and 2020 respectively. Depreciation and amortization expense related to property and equipment was $8.3 million, $8.3 million, and $8.5 million for the years ended December 31, 2022, 2021, and 2020 respectively.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Notes)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	GOODWILLThe acquisition of Orad resulted in goodwill of $32.6 million in 2015. Through the evaluation of the discrete financial information that is regularly reviewed by the chief operating decision makers (our chief executive officer and chief financial officer), we have determined that we have one reporting unit and operating segment. We have stockholders’ deficit of $118.8 million as of December 31, 2022. As the reporting unit has a negative carrying value, goodwill will not be impaired.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Notes)	12 Months Ended
	Dec. 31, 2022
Accrued Expenses and Other Current Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Consulting and professional fees $ 1,000 $ 1,320 Operating lease liabilities - short term 4,819 5,098 Accrued royalties 2,536 2,842 Accrued warranty 941 1,219 Employee restructuring 205 655 Sales return & allowance 7,706 11,298 Other (individual items less than 5% of total current liabilities) 18,824 15,120 Total $ 36,031 $ 37,552 Other long-term liabilities consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Finance lease liabilities 46 289 Deferred compensation 3,715 4,981 Other long-term liabilities 587 647 Total $ 4,348 $ 5,917

OTHER LONG-TERM LIABILITIES (No

OTHER LONG-TERM LIABILITIES (Notes)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
OTHER LONG-TERM LIABILITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Consulting and professional fees $ 1,000 $ 1,320 Operating lease liabilities - short term 4,819 5,098 Accrued royalties 2,536 2,842 Accrued warranty 941 1,219 Employee restructuring 205 655 Sales return & allowance 7,706 11,298 Other (individual items less than 5% of total current liabilities) 18,824 15,120 Total $ 36,031 $ 37,552 Other long-term liabilities consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Finance lease liabilities 46 289 Deferred compensation 3,715 4,981 Other long-term liabilities 587 647 Total $ 4,348 $ 5,917

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Notes)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments We entered into a long-term agreement to purchase a variety of information technology solutions from a third party in the second quarter of 2020, which included an unconditional commitment to purchase a minimum of $32.2 million of products and services over the initial five-year term of the agreement. We have purchase d $19.9 million p ursuant to this agreement as of December 31, 2022 to develop Azure-certified solutions which includes developing virtualized versions of many of our product offerings, allowing them to run in a private cloud, public cloud, or in hybrid deployments. We have letters of credit that are used as security deposits in connection with our leased Burlington, Massachusetts office space. In the event of default on the underlying leases, the landlords would, at December 31, 2022, be eligible to draw against the letters of credit to a maximum of $0.7 million in the aggregate. We also have letters of credit in connection with security deposits for other facility leases totaling $0.5 million in the aggregate, as well as letters of credit totaling $2.0 million that otherwise support our ongoing operations. These letters of credit have various terms and expire during 2023 and beyond, while some of the letters of credit may automatically renew based on the terms of the underlying agreements. We have future minimum lease commitments under non-cancelable leases totaling $31.3 million which are described in detail in Note H, Leases. Purchase Commitments and Sole-Source Suppliers As of December 31, 2022, we have entered into purchase commitments for certain inventory and other goods used in our normal operations. The purchase commitments covered by these agreements are for a period of less than 1 year and in the aggregate total $29.1 million as of December 31, 2022. We depend on sole-source suppliers for certain key hardware components of our products. Although we have procedures in place to mitigate the risks associated with our sole-sourced suppliers, we cannot be certain that we will be able to obtain sole-sourced components or finished goods from alternative suppliers or that we will be able to do so on commercially reasonable terms without a material impact on our results of operations or financial position. We procure product components and build inventory based on forecasts of product life cycle and customer demand. If we are unable to provide accurate forecasts or manage inventory levels in response to shifts in customer demand, we may have insufficient, excess, or obsolete product inventory. Contingencies Our industry is characterized by the existence of a large number of patents and frequent claims and litigation regarding patent and other intellectual property rights. In addition to the legal proceedings described above, we are involved in legal proceedings from time to time arising from the normal course of business activities, including claims of alleged infringement of intellectual property rights and contractual, commercial, employee relations, product or service performance, or other matters. We do not believe these matters will have a material adverse effect on our financial position or results of operations. However, the outcome of legal proceedings and claims brought against us is subject to significant uncertainty. Therefore, our financial position or results of operations may be negatively affected by the unfavorable resolution of one or more of these proceedings for the period in which a matter is resolved. Our results could be materially adversely affected if we are accused of, or found to be, infringing third parties’ intellectual property rights. Following the termination of our former Chairman and Chief Executive Officer on February 25, 2018, we received a notice alleging that we breached the former employee’s employment agreement. On April 16, 2019 we received an additional notice again alleging we breached the former employee’s employment agreement. We have since been in communications with our former Chairman and Chief Executive Officer’s counsel. While we intend to defend any claim vigorously, when and if a claim is actually filed, we are currently unable to estimate an amount or range of any reasonably possible losses that could occur as a result of this matter. On July 14, 2020, we sent a notice to a customer demanding sums that we believe are due to Avid pursuant to a contract. On October 7, 2020, the customer sent a notice to us denying any legal liability and demanding payment for breach of contract resulting from various alleged delays by us. While we intend to defend any claim vigorously when and if a claim is actually filed, we are currently unable to estimate an amount or range of any reasonably possible losses that could occur related to this matter. We consider all claims on a quarterly basis and based on known facts assesses whether potential losses are considered reasonably possible, probable, and estimable. Based upon this assessment, we then evaluate disclosure requirements and whether to accrue for such claims in our consolidated financial statements. We record a provision for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated and such amount is material. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Legal fees are recognized as incurred when the legal services are provided, and therefore are not recognized as part of a loss contingency accrual. At December 31, 2022 and as of the date of filing of these consolidated financial statements, we believe that, other than as set forth in this note, no provision for liability nor disclosure is required related to any claims because: (a) there is no reasonable possibility that a loss exceeding amounts already recognized (if any) may be incurred with respect to such claim; (b) a reasonably possible loss or range of loss cannot be estimated; or (c) such estimate is immaterial. Additionally, we provide indemnification to certain customers for losses incurred in connection with intellectual property infringement claims brought by third parties with respect to our products. These indemnification provisions generally offer perpetual coverage for infringement claims based upon the products covered by the agreement and the maximum potential amount of future payments we could be required to make under these indemnification provisions is theoretically unlimited. To date, we have not incurred material costs related to these indemnification provisions; accordingly, we believe the estimated fair value of these indemnification provisions is immaterial. Further, certain arrangements with customers include clauses whereby we may be subject to penalties for failure to meet certain performance obligations; however, we have not recorded any related material penalties to date. We provide warranties on externally sourced and internally developed hardware. For internally developed hardware and in cases where the warranty granted to customers for externally sourced hardware is greater than that provided by the manufacturer, we record an accrual for the related liability based on historical trends and actual material and labor costs. The following table sets forth the activity in the product warranty accrual account for the years ended December 31, 2022, 2021, and 2020 (in thousands): Accrual balance at January 1, 2020 $ 1,337 Accruals for product warranties 1,065 Cost of warranty claims (1,307) Accrual balance at December 31, 2020 1,095 Accruals for product warranties 1,349 Cost of warranty claims (1,225) Accrual balance at December 31, 2021 1,219 Accruals for product warranties 723 Cost of warranty claims (1,001) Accrual balance at December 31, 2022 $ 941

CAPITAL STOCK (Notes)

CAPITAL STOCK (Notes)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
CAPITAL STOCK	CAPITAL STOCK Preferred Stock We have authorized up to one million shares of preferred stock, $0.01 par value per share, for issuance. Each series of preferred stock shall have such rights, preferences, privileges, and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges, and liquidation preferences, as may be determined by our board of directors. Common Stock Repurchases On September 9, 2021, our board of directors approved the repurchase of up to $115.0 million of our outstanding shares. This authorization does not have a prescribed expiration date. As of December 31, 2022, approximately $37.1 million of the $115.0 million share repurchase authorization remained available. The Company has no obligation to repurchase any amount of its common stock, and the program may be suspended or discontinued at any time. For the year ended December 31, 2022, the Company repurchased 2,036,524 shares of its common stock for $52.8 million. These amounts may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled share repurchases at the end of a period. Stock Incentive Plans There is an aggregate of 10,540,000 of our shares of $0.01 par value per share common stock authorized and reserved for issuance under the Avid Technology, Inc. Amended and Restated 2014 Stock Incentive Plan (the “Plan”). The Plan was originally adopted by our board of directors on September 14, 2014 and approved by our stockholders on October 29, 2014. In connection with the approval of the Plan, our Amended and Restated 2005 Stock Incentive Plan has been closed; no additional awards may be granted under that 2005 plan. As of December 31, 2022, there were no remaining shares available for issuance under the 2005 plan. Under the Plan, we may grant stock awards or options to purchase our common stock to employees, officers, directors, and consultants. The exercise price for options generally must be no less than market price on the date of grant. Awards may be performance-based where vesting or exercisability is conditioned on achieving performance objectives, time-based, or a combination of both. Option grants become exercisable over various periods, typically three years to four years for employees and one year for non-employee directors, and have a maximum term of seven years to ten years. Restricted stock unit awards with time-based vesting typically vest over three years to four years for employees and one year for non-employee directors. Certain Company stock-based compensation awards contain provisions that allow for continued vesting into retirement. Stock-based awards are considered fully vested for expense attribution purposes when the employee's retention of the award is no longer contingent on providing subsequent service. We use the Black-Scholes option pricing model to estimate the fair value of stock option grants with time-based vesting. The Black-Scholes model relies on a number of key assumptions to calculate estimated fair value. The assumed dividend yield of zero is based on the fact that we have never paid cash dividends and has no present expectation to pay cash dividends. The expected volatility is based on actual historic stock volatility for periods equivalent to the expected term of the award. The assumed risk-free interest rate is the U.S. Treasury security rate with a term equal to the expected life of the option. The assumed expected life is based on company-specific historical experience considering the exercise behavior of past grants and models the pattern of aggregate exercises. The fair value of restricted stock unit awards with time-based vesting is based on the intrinsic value of the awards at the date of grant, as the awards have a purchase price of $0.01 per share. We also issue option grants or restricted stock unit awards with vesting based on market conditions. Performance-based restricted stock units will vest based on achievement of our relative total shareholder return against the Russell 2000 Index over a three-year period. The fair values and derived service periods for all grants that include vesting based on market conditions are estimated using the Monte Carlo valuation method. For stock option grants that include vesting based on performance conditions, the fair values are estimated using the Black-Scholes option pricing model. For restricted stock unit awards that include vesting based on performance conditions, the fair values are estimated based on the intrinsic values of the awards at the date of grant, as the awards have a purchase price of $0.01 per share. Information with respect to options granted under all stock option plans for the year ended December 31, 2022 was as follows: Total Number of Options Weighted- Weighted- Aggregate Options Outstanding at December 31, 2019 565,000 $7.57 1.17 571 Granted — — Exercised (319,000) 7.65 Forfeited or Expired — — Options Outstanding at December 31, 2020 246,000 $7.48 0.44 $ 1,358 Granted — — Exercised (246,000) 7.48 Forfeited or Expired — — Options outstanding at December 31, 2021 — $— 0 $ — Granted — — Exercised — — Forfeited or Expired — — Options outstanding at December 31, 2022 — $— 0.00 $ — Exercisable at: December 31, 2020 246,000 $7.48 0.44 $1,358 December 31, 2021 — $— 0.00 $— December 31, 2022 — $— 0.00 $— The cash received from stock options exercised during the year ended December 31, 2020 was $1.6 million. There was no cash received from stock options exercised during the years ended December 31, 2022 and 2021. Information with respect to non-vested time-based restricted stock units for the year ended December 31, 2022 was as follows: Number of Restricted Stock Units Weighted- Shares Retained to Cover Statutory Minimum Withholding Taxes Outstanding at December 31, 2019 2,087,933 $6.41 Granted 1,518,714 7.20 Vested (1,193,553) 6.33 403,798 Forfeited (298,215) 6.52 Outstanding at December 31, 2020 2,114,879 $7.01 Granted 458,469 29.01 Vested (1,466,907) 6.83 492,008 Forfeited (44,607) 10.43 Outstanding at December 31, 2021 1,061,834 $16.60 Granted 562,191 32.08 Vested (673,285) 15.09 246,274 Forfeited (162,523) 19.96 Outstanding at December 31, 2022 788,217 $28.24 Information with respect to non-vested performance-based restricted stock units for the year ended December 31, 2022 was as follows: Number of Performance-based Restricted Stock Units Weighted- Shares Retained to Cover Statutory Minimum Withholding Taxes Outstanding at December 31, 2019 554,265 $6.39 Granted 578,316 6.64 Vested (328,673) 5.80 133,596 Forfeited (150,480) 7.11 Outstanding at December 31, 2020 653,428 $6.74 Granted 397,048 15.07 Vested (471,112) 5.81 196,703 Forfeited — — Outstanding at December 31, 2021 579,364 $13.20 Granted 296,405 22.69 Vested (454,804) 10.19 200,208 Forfeited (126,954) 22.97 Outstanding at December 31, 2022 294,011 $23.20 The weighted-average grant date fair value of time and performance-based restricted stock units granted during the years ended December 31, 2022, 2021, and 2020 was $28.84, $22.54, and $7.05, respectively. The total weighted-average fair value of time and performance-based restricted stock units vested during the years ended December 31, 2022, 2021, and 2020 was $14.8 million, $12.8 million, and $9.5 million, respectively. Employee Stock Purchase Plan On February 27, 2008, the board of directors approved our Second Amended and Restated 1996 Employee Stock Purchase Plan (the “ESPP”). On May 27, 2008 our stockholders approved an increase of the number of shares of our common stock authorized for issuance under the Second Amended and Restated ESPP from 1,700,000 to 2,500,000 shares. In May 2018, we registered an aggregate of 650,000 of our shares of $0.01 par value per share common stock, which have been authorized and reserved for issuance under the Avid Technology, Inc. Second Amended and Restated ESPP. Our Second Amended and Restated ESPP offers our shares for purchase at a price equal to 85% of the closing price on the applicable offering period termination date. Shares issued under the ESPP are considered compensatory. Accordingly, we are required to measure fair value and record compensation expense for share purchase rights granted under the ESPP. In July 2015, the board of directors approved an amendment to the ESPP to change the subscription period from three We use the Black-Scholes option pricing model to calculate the fair value of shares issued under the ESPP. The Black-Scholes model relies on a number of key assumptions to calculate estimated fair values. The following table sets forth the weighted-average key assumptions and fair value results for shares issued under the ESPP during the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Expected dividend yield 0.00% 0.00% 0.00% Risk-free interest rate 1.50% 0.08% 0.82% Expected volatility 63.9% 62.9% 72.1% Expected life (in years) 0.50 0.49 0.50 Weighted-average fair value of shares issued (per share) $5.03 $3.77 $1.40 The following table sets forth the quantities and average prices of shares issued under the ESPP for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Shares issued under the ESPP 41,194 26,988 61,750 Average price of shares issued $22.32 $29.95 $8.67 We did not realize a material tax benefit from the tax deductions for stock option exercises, vested restricted stock units and shares issued under the ESPP during the years ended December 31, 2022, 2021, or 2020. Stock-Based Compensation Expense The following table sets forth Stock-based compensation expense by award type for the years ended December 31, 2022, 2021, and 2020, respectively (in thousands): Year Ended December 31, 2022 2021 2020 Share-based compensation expense by type: Time-based Restricted Stock Units $ 13,585 $ 10,010 $ 8,340 Performance-based Restricted Stock Units 2,779 3,575 2,211 ESPP 191 152 113 Total Share-based compensation expense $ 16,555 $ 13,737 $ 10,664 Stock-based compensation was included in the following captions in our consolidated statements of operations for the years ended December 31, 2022, 2021, and 2020, respectively (in thousands): Year Ended December 31, 2022 2021 2020 Cost of revenues $ 2,063 $ 1,800 $ 1,339 Research and development expenses 2,289 1,620 1,725 Marketing and selling expenses 3,088 2,484 2,176 General and administrative expenses 9,115 7,833 5,424 Total $ 16,555 $ 13,737 $ 10,664 At December 31, 2022, there was $17.9 million of total unrecognized compensation cost related to non-vested stock-based compensation awards granted under our stock-based compensation plans. We expect this amount to be amortized approximately as follows: $10.2 million in 2023, $6.1 million in 2024, and $1.5 million in 2025. At December 31, 2022, the weighted-average recognition period of the unrecognized compensation cost was approximately 1.1 years.

EMPLOYEE BENEFIT PLANS (Notes)

EMPLOYEE BENEFIT PLANS (Notes)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Employee Benefit Plans We have a Section 401(k) plan, which we refer to as the 401(k) plan, that covers substantially all U.S. employees. The 401(k) plan allows employees to make contributions up to a specified percentage of their compensation. We may, upon resolution by our board of directors, make discretionary contributions to the plan. Our contributions to the 401(k) plan totaled $1.9 million in 2022, $0.7 million in 2021, and $0.5 million in 2020. In addition, we have various retirement and post-employment plans covering certain international employees. Certain plans allow us to match employee contributions up to a specified percentage as defined by the plans. Our contributions to these plans totaled $1.4 million, $1.4 million, and $1.4 million in 2022, 2021, and 2020 respectively. Deferred Compensation Plans We maintain a nonqualified deferred compensation plan (the “Deferred Plan”). The Deferred Plan covers senior management and members of the board of directors. In November 2013, the board of directors determined to indefinitely suspend the Deferred Plan and not offer participants the opportunity to participate in the Deferred Plan as of 2014. The benefits payable under the Deferred Plan represent an unfunded and unsecured contractual obligation to pay the value of the deferred compensation in the future, adjusted to reflect deemed investment performance. Payouts are generally made upon termination of employment with us. The assets of the Deferred Plan, as well as the corresponding obligations, were approximately $0.1 million and $0.1 million at December 31, 2022 and 2021, respectively, and were recorded in “other current assets” and “accrued compensation and benefits” at those dates. In connection with the acquisition of a business in 2010, we assumed the assets and liabilities of a deferred compensation arrangement for a single individual in Germany. The arrangement represents a contractual obligation to pay a fixed value, periodically adjusted for inflation, and paid in euros for a period specified in the contract. In connection with the acquisition of Orad, we assumed the assets and liabilities of a deferred compensation arrangement for employees in Israel. Our assets and

INCOME TAXES (Notes)

INCOME TAXES (Notes)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income before income taxes and the components of the income tax (benefit) provision consisted of the following for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Income from operations before income taxes: United States $ 31,322 $ 31,085 $ 9,182 Foreign 14,015 12,870 3,252 Total income from operations before income taxes $ 45,337 $ 43,955 $ 12,434 Provision for (Benefit from) income taxes: Current tax expense (benefit): Federal $ — $ — $ — State 121 119 133 Foreign benefit of net operating losses (880) (1,616) (883) Other foreign 1,283 2,612 1,295 Total current tax expense 524 1,115 545 Deferred tax (benefit) expense: Federal — — — State — — — Other foreign (10,428) 1,452 827 Total deferred tax (benefit) expense (10,428) 1,452 827 Total (benefit from) provision for income taxes $ (9,904) $ 2,567 $ 1,372 Net deferred tax assets (liabilities) consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Deferred tax assets: Tax credit and loss carryforwards $ 230,253 $ 247,658 Allowances for bad debts 42 45 Difference in accounting for: Revenues 10,563 3,515 Costs and expenses 27,350 27,093 Inventories 1,289 1,529 Long-term lease liabilities 5,365 6,093 Gross deferred tax assets 274,862 285,933 Valuation allowance (252,874) (273,877) Deferred tax assets after valuation allowance 21,988 12,056 Deferred tax liabilities: Difference in accounting for: Costs and expenses (826) (779) Inventories — (46) Right of use asset (5,312) (6,021) Gross deferred tax liabilities (6,138) (6,846) Net deferred tax assets $ 15,850 $ 5,210 Recorded as: Deferred tax assets, net 15,859 5,210 Deferred tax liabilities, net (9) — Net deferred tax assets $ 15,850 $ 5,210 Deferred tax assets and liabilities reflect the net tax effects of the tax credits and net operating loss carryforwards and the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The ultimate realization of the net deferred tax assets is dependent upon the generation of sufficient future taxable income in the applicable tax jurisdictions. Management believes the remaining deferred tax assets, based largely on the long history of U.S. tax losses, warrant a valuation allowance based on the weight of available negative evidence. We have experienced recent profitability in the U.S.; however w e intend to continue maintaining a full valuation allowance on our U.S. deferred tax assets until there is sufficient positive evidence to allow us to reach a conclusion that a significant portion of the valuation allowance will no longer be needed. Any such release of the valuation allowance, or a portion thereof, would result in a material non-cash income tax benefit in the quarter the realizability of the respective deferred taxes were deemed to be more likely than not and would increase non-cash income tax expense in the periods subsequent to the reversal. For U.S. federal and state income tax purposes at December 31, 2022, we had tax credit carryforwards of $46.9 million, which will expire between 2023 and 2042, federal net operating loss carryforwards of $616.4 million and state net operating loss carryforwards of $328.1 million, the majority of which will expire between 2023 and 2037. The federal net operating loss and tax credit amounts are subject to annual limitations under Section 382 change of ownership rules of the Internal Revenue Code. We completed an assessment at September 19, 2022 regarding whether there may have been a Section 382 ownership change and concluded that it is more likely than not that none of our net operating loss and tax credit amounts are subject to any Section 382 limitation. Our Section 382 conclusion remains unchanged at December 31, 2022. Additionally, we have foreign net operating loss carryforwards of $107.5 million and capital loss carryforwards of $1.5 million, each with an indefinite carryforward period and tax credit carryforwards of $6.0 million that begin to expire in 2031. We have determined there is uncertainty regarding the realization of a portion of these assets and have recorded a valuation allowance against $49.3 million of net operating losses, $1.5 million of capital losses and $6.0 million of tax credits at December 31, 2022. Our assessment of the valuation allowance on the U.S. and foreign deferred tax assets could change in the future based on our levels of pre-tax income and other tax related adjustments. Reversal of the valuation allowance in whole or in part would result in a non-cash reduction in income tax expense during the period of reversal. The following table sets forth a reconciliation of our income tax provision (benefit) to the statutory U.S. federal tax amount for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Statutory tax $ 9,521 $ 9,230 $ 2,611 Tax credits utilized and expired 838 892 1,356 Foreign operations 4,155 1,526 981 Change in uncertain tax positions (11,323) — (474) Non-deductible expenses and other 630 294 304 Stock based compensation (3,115) (7,542) (430) Non-deductible executive compensation 2,630 3,464 551 Non-taxable income from PPP loan forgiveness — (1,638) — Change in valuation allowance (13,240) (3,659) (3,527) (Benefit from) provision for income taxes $ (9,904) $ 2,567 $ 1,372 The increase in our statutory tax is driven by the increase in our income from operations before taxes. The change in our tax credits is driven by expiring U.S. research and development tax credits exceeding current year tax credits generated. Changes in the jurisdictional mix of our foreign profitability and, in 2022, increases in our U.S. foreign income inclusion - also known as global intangible low-taxed income (GILTI) - largely driven by the 2022 U.S. tax law change requiring the capitalization of R&D costs – drives the change in the taxes on foreign operations. The 2022 decrease in our uncertain tax positions relates to the recognition of an uncertain tax benefit associated with our German subsidiary’s net operating loss carryforwards due to the expiration of the statute of limitations associated with the issue. The change in our stock-based compensation was related to the increased deduction resulting from the increase in the market value of our stock compared to the book expense determined at the grant date. The change in the non-deductible executive compensation was primarily related to the change in the value of stock compensation awarded to our executives. The decreases in our valuation allowance were primarily driven by the decreases of U.S. net deferred tax assets. In 2022 the decrease in our net deferred tax assets was driven by higher U.S. taxable income largely associated with the 2022 U.S. tax law change requiring the capitalization of R&D costs. The higher taxable income allowed us to utilize interest expense carryforward deductions and to utilize net operating losses that would have expired in 2022 and 2023. These deferred tax asset utilizations were largely, but not entirely, substituted with new deferred tax assets representing future R&D amortization deductions. As a result of Tax Cuts and Jobs Act (TCJA) and the current U.S. taxation of deemed repatriated earnings, the additional taxes that might be payable upon repatriation of foreign earnings are not significant. However, we do not have any current plans to repatriate these earnings because the underlying cash will be used to fund the ongoing operations of the foreign subsidiaries. A tax position must be more likely than not to be sustained before being recognized in the financial statements. It also requires the accrual of interest and penalties as applicable on unrecognized tax positions. At January 1, 2020, our unrecognized tax benefits and related accrued interest and penalties related to an audit issue at our subsidiary in Israel in the amount of $1.8 million and $11.2 million related to German net operating loss carryforwards utilizable in our subsequently reorganized German subsidiary. During 2020, we reversed the accrual for the unrecognized tax position related to the audit issue at our subsidiary in Israel due to the settlement of the issue. The total decreases to the value of our unrecognized tax benefits during 2020, including the impacts of any foreign currency revaluations, were $(0.8) million. The balance of the unrecognized benefit at December 31, 2020 relates only to the unrecognized tax position related to our German subsidiary net operating loss carryforward. During 2021, we had a decrease in our unrecognized tax positions of $(0.5) million of which $0.4 million related to a withholding tax issue in our Irish subsidiary and $(0.9) million related to foreign currency revaluations. During 2022, the decrease of $11.2 million was primarily due to the expiration of the statute of limitations associated with net operating loss carryforwards at our German subsidiary. The balance of the unrecognized benefit at December 31, 2022 relates only Irish withholding tax issue, which would not affect our income tax provision or effective rate if recognized. The following table sets forth a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended December 31, 2022, 2021, and 2020 (in thousands): Unrecognized tax benefits at January 1, 2020 $ 13,011 Decreases for tax positions taken during a prior period (818) Unrecognized tax benefits at December 31, 2020 12,193 Decreases for tax positions taken during a prior period (524) Unrecognized tax benefits at December 31, 2021 11,669 Decreases due to expiration of statute of limitations (11,233) Unrecognized tax benefits at December 31, 2022 $ 436 We recognize interest and penalties related to uncertain tax positions in income tax expense. There were no accrued interest and penalties related to uncertain tax positions at December 31, 2022 and 2021. The tax years 2011 and forward remain open to examination by taxing authorities in the jurisdictions in which we operate. The most significant operating jurisdictions include: the United States, Ireland, the Netherlands, Germany, Israel, Japan, and the United Kingdom.

RESTRUCTURING COSTS AND ACCRUAL

RESTRUCTURING COSTS AND ACCRUALS (Notes)	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
RESTRUCTURING COSTS AND ACCRUALS	RESTRUCTURING COSTS AND ACCRUALS 2020 Restructuring Plan In October 2020, we committed to a restructuring plan in order to undergo a strategic reorganization of our business. We are making significant changes in business operations to better support our strategy and overall performance. The 2020 restructuring plan is complete as of December 31, 2022. During the year ended December 31, 2022, we recorded restructuring costs of $0.5 million. The restructuring charges for the year ended December 31, 2022 were a result of severance costs related to approximately three positions eliminated during 2022. During the year ended December 31, 2021, we recorded restructuring costs of $1.1 million. The restructuring charges for the year ended December 31, 2021 were a result of severance costs related to approximately 24 positions eliminated during 2021. During the year ended December 31, 2020, we recorded restructuring costs of $5 million. The restructuring charges for the year ended December 31, 2020 were a result of severance costs related to approximately 93 positions eliminated during 2020. Restructuring Summary The following table sets forth restructuring expenses recognized for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Employee $ 513 $ 1,116 $ 4,949 Facility — — 97 Total restructuring charges, net $ 513 $ 1,116 $ 5,046 The following table sets forth the activity in the restructuring accruals for the years ended December 31, 2022, 2021, and 2020 (in thousands). Employee- Accrual balance at December 31, 2019 $ 155 Restructuring charges and revisions 4,949 Cash payments (1,461) Foreign exchange impact on ending balance 44 Accrual balance at December 31, 2020 3,687 Restructuring charges and revisions 954 Cash payments (3,947) Foreign exchange impact on ending balance (39) Accrual balance at December 31, 2021 $ 655 Restructuring charges and revisions 513 Cash payments (948) Foreign exchange impact on ending balance (15) Current accrual balance at December 31, 2022 $ 205 The employee-related accruals at December 31, 2022 represent severance costs to former employees that will be paid out within 12 months, and are, therefore, included in the caption “ accrued expenses and other current liabilities

PRODUCT AND GEOGRAPHIC INFORMAT

PRODUCT AND GEOGRAPHIC INFORMATION (Notes)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
PRODUCT AND GEOGRAPHIC INFORMATION	REVENUE Revenue Components and Performance Obligations Subscription Services We offer subscription versions of many of our software products with monthly, annual and multi-year terms. While we are beginning to offer subscription versions for most of our product portfolio in connection with our cloud strategy, current subscription sales primarily consist of our Media Composer, Pro Tools, and Sibelius offerings. We sell these products to customers under standard terms and conditions and payment is due upfront, except for webstore transactions which are typically billed monthly. Contract assets for annual and multi-year subscriptions billed monthly are recorded on our balance sheet upon customer commitment, net of expected early cancellations where we estimate variable consideration based on historical experience. Subscription services have several performance obligations, including a right to use the software and stand-ready performance obligations to (i) provide unspecified bug fixes and software enhancements, or Software Updates, and (ii) call support when and if needed. The allocated revenue related to the right to use the licensed software is recognized at a point in time once control has been transferred and the customer has the ability to access the software. Stand-ready performance obligations related to Software Updates and call support are satisfied over time and revenue is recognized ratably over the term of the subscription. Maintenance Services We offer maintenance contracts, which are typically annual, for our integrated solutions. Maintenance contracts for individual products are sold bundled with initial product offerings or as renewals once initial contracts have lapsed. Maintenance contracts are also sold on an enterprise basis where a customer purchases maintenance for all Avid products owned. Maintenance contracts are provided under our standard terms and conditions and payment is due in advance of the maintenance being provided. Maintenance contracts include stand-ready performance obligations to provide (i) Software Updates, (ii) call support, and (iii) hardware maintenance. Maintenance contract performance obligations are satisfied over time and revenue is recognized ratably over the term of the contract. Historically, for many of our products, we had an ongoing practice of making when-and-if-available Software Updates available to customers free of charge for a period of time after initial sales to customers. The expectation created by this practice represents an implied performance obligation of a form of post-contract maintenance support (“Implied Maintenance Release PCS”) which represents a performance obligation. While we have ceased providing Implied Maintenance Release PCS on new product offerings, we continue to provide Implied Maintenance Release PCS for older products that were predominately sold in prior years. Revenue attributable to Implied Maintenance Release PCS performance obligations is recognized over time on a ratable basis over the period that Implied Maintenance Release PCS is expected to be provided, which is typically six years. Integrated Solutions We offer a wide range of video and audio products and solutions. Our video solutions consist of storage and workflow solutions, our media management solutions, and our video creative tools, which include our Media Composer, NEXIS, Airspeed, Maestro, and MediaCentral product lines that consist of software licenses or integrated hardware and software solutions. Our audio solutions consist of sales of digital audio software and workstation solutions and our control surfaces, consoles and live-sound systems, which include our Pro Tools, Pro Tools HD, Pro Tools | S6, VENUE | S6L, and Sibelius product lines that consist of software licenses or integrated hardware and software solutions. We sell these products to customers under a contract or signed quote and payment terms are generally 30 to 60 days from delivery. Each individual product sold to a customer represents a distinct performance obligation for us and revenue is recognized at the point in time when control of the product transfers, which is typically when the product is shipped to the customer or, in the case of certain software licenses, when the software license term commences and is accessible by the customer. Professional Services, Training, and Other We sell a variety of professional services, training, and other services that complement product and maintenance offerings. Professional services consist primarily of standard configuration, commissioning (i.e., setting up equipment purchased) and on-air support (i.e., monitoring a customer’s production environment available during initial system go-live, live sporting events, etc.) and providing customization services for some of our products. We also offer training and certification programs for many of our products and workflows. Other revenues include shipping and handling charges and reimbursable travel expenses. We sell professional services, training and other services under a contract or signed quote, and for larger projects, statements of work that outline the customer’s specifications and requirements. Services are primarily sold on a time and materials basis, however, fixed fee arrangements are also executed from time to time. Payments are generally billed upon completion of the service or, for larger projects, on an installment basis as services are rendered. While the nature of service deliverables can vary significantly, each service deliverable generally represents a distinct performance obligation and revenue is recognized over time, typically in proportion of the total hours incurred as a percentage of total estimated hours required to complete the project. Enterprise Agreements From time to time, we enter into enterprise wide agreements whereby the customer agrees to purchase specified products and services from us over an extended period of time, often for a single fixed contractual price. For such agreements, management identifies each performance obligation in the contract and allocates the total contract price to each performance obligation based on relative estimated SSP. Once the transaction price is allocated to individual performance obligations, the components are recognized in the respective categories of revenue above consistent with the timing of the recognition of performance obligations described therein. Disaggregated Revenue and Geography Information The following is a summary of our revenues by type for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Subscription services $ 151,330 $ 108,443 $ 72,831 Maintenance services 109,845 122,411 124,175 Integrated solutions 123,277 131,073 112,904 Perpetual Licenses 11,091 23,793 27,858 Professional services, training and other services 21,870 24,224 22,698 Total net revenues $ 417,413 $ 409,944 $ 360,466 The following table sets forth our revenues by geographic region for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Revenues: United States $ 178,023 $ 173,717 $ 143,518 Other Americas 31,046 20,399 24,026 Europe, Middle East and Africa 150,976 160,390 142,370 Asia-Pacific 57,368 55,438 50,552 Total net revenues $ 417,413 $ 409,944 $ 360,466 Contract Asset Contract asset activity for the years ended December 31, 2022 and 2021 was as follows (in thousands): December 31, 2022 December 31, 2021 Contract asset at beginning of period $ 25,397 $ 18,579 Revenue in excess of billings 86,362 66,455 Customer billings (73,994) (59,637) Contract asset at end of period 37,765 25,397 Less: current portion 32,295 18,903 Long-term portion $ 5,470 $ 6,494 The increase in contract assets during the year ended December 31, 2022 is due to the timing of payments due under our enterprise network agreements which predominately are payable annually, whereas performance obligations are fulfilled on a continuous basis partially offset by continued growth in our subscription offerings. The long-term portion of contract assets is included in “other long-term assets” in our consolidated balance sheet for the year ended December 31, 2022. Deferred Revenue Deferred revenue activity for the years ended December 31, 2022 and 2021 was as follows (in thousands): December 31, 2022 December 31, 2021 Deferred revenue at beginning of period $ 98,082 $ 99,258 Billings deferred 81,515 81,517 Recognition of prior deferred revenue (85,447) (82,693) Deferred revenue at end of period $ 94,150 $ 98,082 A summary of the performance obligations included in deferred revenue as of December 31, 2022 is as follows (in thousands): December 31, 2022 Product $ 7,040 Subscription 17,730 Maintenance Contracts 64,759 Implied Maintenance Release PCS 4,028 Professional services, training and other 593 Deferred revenue at December 31, 2022 $ 94,150 Remaining Performance Obligations For transaction prices allocated to remaining performance obligations, we apply practical expedients and do not disclose quantitative or qualitative information for remaining performance obligations (i) that have original expected durations of one year or less and (ii) where we recognize revenue equal to what we have the right to invoice and that amount corresponds directly with the value to the customer of our performance to date. We have remaining performance obligations of $4.0 million attributable to Implied Maintenance Release PCS recorded in deferred revenue as of December 31, 2022. We expect to recognize revenue for these remaining performance obligations of $1.6 million, $1.1 million, $0.7 million, $0.4 million, and $0.2 million for the years ended December 31, 2023, 2024, 2025, 2026, and 2027, respectively, and an immaterial amount thereafter. A s of December 31, 2022, we had approximately $20.4 million of transaction price allocated to remaining performance obligations for certain enterprise agreements that have not yet been invoiced and are therefore not recorded as deferred revenue on our balance sheet. Unbilled remaining performance obligations represent obligations we have to deliver for specific products and services in the future where there is not yet an enforceable right to invoice the customer. Our unbilled remaining performance obligations do not include contractually committed minimum purchases that are common in our strategic purchase agreements with resellers since our specific obligations to deliver products or services is not yet known, as customers may satisfy such commitments by purchasing an unknown combination of current or future product offerings. While the timing of fulfilling individual performance obligations under the contracts can vary based on customer requirements, we expect to recognize the $24.4 million in installments through 2027. Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations due to contract breach, contract amendments and changes in the expected timing of delivery.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include our accounts and our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated. Basis of Presentation and Use of Estimates Our preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from our estimates. Immaterial corrections from a previous year: During the fourth quarter of 2022, the Company recorded an adjustment of approximately $2.0 million to subscription revenue related to a correction of an immaterial error in our standalone selling prices related to the prior years. We determined the adjustment was not material to any prior periods presented in the accompanying consolidated financial statements and the notes hereto.
Revenue [Policy Text Block]	Revenue Recognition We enter into contracts with customers that include various combinations of products and services, which are typically capable of being distinct and are accounted for as separate performance obligations. We account for a contract when (i) it has approval and commitment from both parties, (ii) the rights of the parties have been identified, (iii) payment terms have been identified, (iv) the contract has commercial substance, and (v) collectability is probable. We recognize revenue upon transfer of control of promised products or services to customers, which typically occurs upon shipment or delivery depending on the terms of the underlying contracts, in an amount that reflects the consideration we expect to receive in exchange for those products or services. See Note P for disaggregated revenue schedules and further discussion on revenue and deferred revenue performance obligations and the timing of revenue recognition. We often enter into contractual arrangements that have multiple performance obligations, one or more of which may be delivered subsequent to the delivery of other performance obligations. These arrangements may include a combination of products, maintenance, training, and professional services. We allocate the transaction price of the arrangement based on the relative estimated standalone selling price, or SSP, of each distinct performance obligation. Our process for determining SSP for each performance obligation involves significant management judgment. In determining SSP, we maximize observable inputs and consider a number of data points, including: • the pricing of standalone sales (in the limited instances where available); • the pricing established by management when setting prices for deliverables that are intended to be sold on a standalone basis; • contractually stated prices for deliverables that are intended to be sold on a standalone basis; • other pricing factors, such as the geographical region in which the products are sold and expected discounts based on the customer size and type. Determining SSP for performance obligations which we never sell separately also requires significant judgment. In estimating the SSP in these circumstances, we consider the likely price that would have resulted from established pricing practices had the deliverable been offered separately and the prices a customer would likely be willing to pay. We only include estimated amounts 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. We reduce transaction prices for estimated returns and other allowances that represent variable consideration and record a corresponding refund liability as a component of accrued expenses and other current liabilities. Other forms of contingent revenue or variable consideration are infrequent. While not a common practice for us, in the event we grant the customer the option to acquire additional products or services in an arrangement, we consider if the option provides a material right to the customer that it would not receive without entering into the contract (e.g., an incremental discount compared to the range of discounts typically given for similar products or services). If a material right is deemed to exist, we account for the option as a distinct performance obligation and recognize revenue when those future products or services are transferred or when the option expires. We also record as revenue all amounts billed to customers for shipping and handling costs and record the actual shipping costs as a component of cost of revenues. Reimbursements received from customers for out-of-pocket expenses are recorded as revenues, with related costs recorded as cost of revenues. We present revenues net of any taxes collected from customers and remitted to government authorities. Our contracts rarely contain significant financing components as payments from customers are due within a short period from when our performance obligations are satisfied. We are applying the practical expedient for the deferral of sales commissions and other contract acquisition costs, which are expensed as incurred, because the amortization period would be one year or less. Allowance for Sales Returns and Exchanges We maintain allowances for estimated potential sales returns and exchanges from our customers, which represents variable consideration under ASC 606. We record a provision for estimated returns and other allowances as a reduction of revenues in the same period that related revenues are recorded based on historical experience and specific customer analysis. Use of management estimates is required in connection with establishing and maintaining a sales allowance for expected returns and other credits. The allowance also includes rebates offered through our partner program. If actual returns differ from the estimates, additional allowances could be required. The following table sets forth the activity in the allowance for sales returns and exchanges for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Allowance for sales returns and exchanges – beginning of year $ 11,298 $ 9,306 $ 8,230 Additions and adjustments to the allowance 1,016 8,885 10,746 Deductions against the allowance (4,608) (6,893) (9,670) Allowance for sales returns and exchanges – end of year $ 7,706 $ 11,298 $ 9,306 The allowance for sales returns and exchanges reflects an estimate of amounts invoiced that will not be collected, as well as other allowances and credits that have been or are expected to offset the trade receivables. The allowance for sales returns and exchanges is recorded as a component of accrued expenses and other current liabilities as of December 31, 2022, December 31, 2021 and December 31, 2020. Trade Receivables and Allowances for Doubtful Accounts We classify our right to consideration in exchange for deliverables as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional (i.e. only the passage of time is required before payment is due). We present such receivables in accounts receivable, net of allowance for doubtful accounts, in our consolidated balance sheets. We maintain allowances for estimated losses from bad debt resulting from the inability of our customers to make required payments for products or services. When evaluating the adequacy of the allowances, we analyze accounts receivable balances, historical bad debt experience, customer concentrations, customer credit worthiness, and current economic trends. To date, actual bad debts have not differed materially from management’s estimates. The following table sets forth the activity in the allowance for doubtful accounts for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Allowance for doubtful accounts – beginning of year $ 1,456 $ 1,478 $ 958 Provision for doubtful accounts 1,056 694 1,298 Reduction in allowance for doubtful accounts (1,911) (716) (778) Allowance for doubtful accounts – end of year $ 601 $ 1,456 $ 1,478
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Translation of Foreign Currencies The functional currency of each of our foreign subsidiaries is the local currency, except for the Irish manufacturing branch and Orad Hi-Tech Systems Ltd. (“Orad”) that we acquired in June 2015. The functional currency for both the Irish manufacturing branch and Orad is the U.S. dollar due to the extensive interrelationship of the operations of the Irish branch, Orad, and the U.S. parent, and the high volume of intercompany transactions among the two subsidiaries and the parent. The assets and liabilities of the subsidiaries whose functional currencies are currencies other than the U.S. dollar are translated into U.S. dollars at the current exchange rate in effect at the balance sheet date. Income and expense items for these entities are translated using rates that approximate those in effect during the period. Cumulative translation adjustments are included in accumulated other comprehensive income (loss), which is reflected as a separate component of stockholders’ deficit. We do not record tax provisions or benefits for the net changes in the foreign currency translation adjustment as we intend to permanently reinvest undistributed earnings in our foreign subsidiaries. The U.S. parent company, Irish manufacturing branch, and Orad, all of whose functional currency is the U.S. dollar, carry certain monetary assets and liabilities denominated in currencies other than the U.S. dollar. These assets and liabilities typically include cash, accounts receivable, and intercompany operating balances denominated in foreign currencies. These assets and liabilities are remeasured into the U.S. dollar at the current exchange rate in effect at the balance sheet date. Foreign currency transaction and remeasurement gains and losses are included within marketing and selling expenses in the results of operations. The U.S. parent company and various other wholly owned subsidiaries have long-term intercompany loan balances denominated in foreign currencies that are remeasured into the U.S. dollar at the current exchange rate in effect at the balance sheet date. Such loan balances are not expected to be settled in the foreseeable future. Any gains and losses relating to these loans are included in the accumulated other comprehensive income (loss), which is reflected as a separate component of stockholders’ deficit. We have significant international operations and, therefore, our revenues, earnings, cash flows, and financial position are exposed to foreign currency risk from foreign-currency-denominated receivables, payables, sales and expense transactions, and net investments in foreign operations. We derive more than half of our revenues from customers outside the United States. The business is, for the most part, transacted through international subsidiaries and generally in the currency of the end-user customers. Therefore, we are exposed to the risks that changes in foreign currency could adversely affect our revenues, net income, cash flow, and financial position. Foreign currency transaction and remeasurement losses and gains are included within marketing and selling expenses in the results of operations. For the year ended December 31, 2022, 2021, and 2020 we recorded net losses of $1.4 million, $1.3 million, and $0.4 million respectively, that resulted from foreign currency denominated transactions and the revaluation of foreign currency denominated assets and liabilities.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents, Marketable Securities and Restricted Cash We measure cash equivalents and marketable securities at fair value on a recurring basis. The cash equivalents and marketable securities consist primarily of money market investments, mutual funds, and insurance contracts held in deferred compensation plans. The money market investments and mutual funds held in our deferred compensation plan in the U.S. are reported at fair value within other current assets using quoted market prices with the gains and losses included as other income (expense) in our statement of operations. The insurance contracts held in the deferred compensation plans for employees in Israel and Germany are reported at fair value within other long-term assets using other observable inputs. Other than the investments held in our deferred compensation plans, we held no marketable securities at December 31, 2022 or 2021. Restricted cash consists of cash balances which are restricted as to withdrawal or usage and includes cash to collateralize bank letters of credit related primarily to security deposits on our facilities leases and our ongoing operations.
Concentration of Credit Risk [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist of cash, cash equivalents, restricted cash, and accounts receivable. We place our cash and cash equivalents with financial institutions that management believes to be of high credit quality. Concentrations of credit risk with respect to trade receivables are limited due to the large number of customers that make up our customer base and their dispersion across different regions. No individual customer accounted for 10% or more of our total net revenues or net accounts receivable in the periods presented.
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost (determined on a first-in, first-out basis) or net realizable value. Management regularly reviews inventory quantities on hand and writes down inventory to our realizable value to reflect estimated obsolescence or lack of marketability based on assumptions about future inventory demand and market conditions. Inventory in the digital-media market, including our inventory, is subject to technological change or obsolescence; therefore, utilization of existing inventory may differ from our estimates.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment, Internal Use Software, and Cloud Computing Arrangements Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset. We typically depreciate our property and equipment using the following minimum and maximum useful lives: Depreciable Life Minimum Maximum Computer and video equipment and software, including internal use software 2 years 5 years Manufacturing tooling and testbeds 3 years 5 years Office equipment 3 years 5 years Furniture, fixtures, and other 3 years 8 years We capitalize certain development costs incurred in connection with our internal use software. Costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct, are capitalized until the software is substantially complete and ready for its intended use. Capitalized costs are recorded as part of property and equipment. Maintenance and training costs are expensed as incurred. Internal use software is amortized on a straight-line basis over its estimated useful life, generally three years. We also enter into certain cloud-based software hosting arrangements that are accounted for as service contracts. For internal-use software obtained through a hosting arrangement that is in the nature of a service contract, we incur certain implementation costs such as integrating, configuring, and software customization, which are consistent with costs incurred during the application development stage for on-premise software. We apply the same guidance to determine costs that are eligible for capitalization. For these arrangements, we amortize the capitalized development costs straight-line over the fixed, noncancellable term of the associated hosting arrangement plus any reasonably certain renewal periods. We also apply the same impairment model to both internal-use software and capitalized implementation costs in a software hosting arrangement that is in the nature of a service contract. Leasehold improvements are amortized over the shorter of the useful life of the improvement or the remaining term of the lease. Expenditures for maintenance and repairs are expensed as incurred. Upon retirement or other disposition of assets, the cost and related accumulated depreciation are eliminated from the accounts and the resulting gain or loss is reflected in “other income, net” in the results of operations.
Acquisition-Related Intangible Assets and Goodwill Policy [Policy Text Block]	GoodwillWe concluded that we have only one reporting unit and stockholders’ deficit of $118.8 million as of December 31, 2022.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets We periodically evaluate our long-lived assets for events and circumstances that indicate a potential impairment. If an impairment indicator is present, a long-lived asset is assessed for impairment when the undiscounted expected future cash flows derived from that asset are less than its carrying value. The cash flows used for this analysis take into consideration a number of factors including past operating results, budgets and economic projections, market trends, and product development cycles. The amount of any impairment would be equal to the difference between the estimated fair value of the asset, based on a discounted cash flow analysis, and its carrying value.
Advertising Cost [Policy Text Block]	Advertising Expenses All advertising costs are expensed as incurred and are classified as marketing and selling expenses. Advertising expenses for the years ended December 31, 2022, 2021, and 2020 were $2.7 million, $2.9 million, and $0.1 million, respectively.
Research, Development, and Computer Software, Policy [Policy Text Block]	Research and Development CostsResearch and development costs are expensed as incurred.
Income Tax, Policy [Policy Text Block]	Income Taxes We account for income taxes using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns. We record deferred tax assets and liabilities based on the net tax effects of tax credits, operating loss carryforwards, and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes compared to the amounts used for income tax purposes. Deferred tax assets are regularly reviewed for recoverability with consideration for such factors as historical losses, projected future taxable income, and the expected timing of the reversals of existing temporary differences. We are required to record a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. The IRA includes, among other things, a corporate alternative minimum tax (CAMT) that applies to certain applicable corporations with average financial statement income in excess of $1 billion. CAMT applies to years beginning in 2023. We do not currently expect a material impact (if any) of the CAMT. The IRA also includes a new U.S. federal 1% excise tax on publicly traded corporations that repurchase their stock, applicable to buybacks occurring on or after January 1, 2023. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. We account for uncertainty in income taxes recognized in our financial statements by applying a two-step process to determine the amount of tax benefit to be recognized. First, the tax position must be evaluated to determine the likelihood that it will be sustained upon examination by the taxing authorities, based on the technical merits of the position. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the financial statements. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized upon ultimate settlement. The provision for income taxes includes the effects of any resulting tax reserves (“unrecognized tax benefits”) that are considered appropriate, as well as the related net interest and penalties.
Share-based Payment Arrangement [Policy Text Block]	Accounting for Stock-Based Compensation Our stock-based employee compensation plans allow us to grant stock awards, options, or other equity-based instruments, or a combination thereof, as part of our overall compensation strategy. For stock-based awards granted, we record stock-based compensation expense based on the grant date fair value over the requisite service periods for the individual awards, which generally equal the vesting periods. The vesting of stock-based award grants may be based on time, performance conditions, market conditions, or a combination of time, performance and market conditions. We account for forfeitures when they occur. Certain Company stock-based compensation awards contain provisions that allow for continued vesting into retirement. Stock-based awards are considered fully vested for expense attribution purposes when the employee's retention of the award is no longer contingent on providing subsequent service.
Standard Product Warranty, Policy [Policy Text Block]	Product Warranties We provide warranties on externally sourced and internally developed hardware. The warranty period for all of our products is generally 90 days to one year, but can extend up to five years depending on the manufacturer’s warranty or local law. For internally developed hardware and in cases where the warranty granted to customers for externally sourced hardware is greater than that provided by the manufacturer, we record an accrual for the related liability based on historical trends and actual material and labor costs. At the end of each quarter, we reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjusts the accrued amounts accordingly.
Earnings Per Share, Policy [Policy Text Block]	Computation of Net Income Per ShareNet income per share is presented for both basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is based on the weighted-average number of common shares outstanding during the period, excluding non-vested restricted stock held by employees. Diluted EPS is based on the weighted-average number of common and potential common shares outstanding during the period. Potential common shares result from the assumed exercise of outstanding stock options and non-vested restricted stock and restricted stock units, the proceeds and remaining unrecorded compensation expense of which are then assumed to have been used to repurchase outstanding common stock using the treasury stock method. For periods when we report net income, potential common shares with combined purchase prices and unamortized compensation costs in excess of our average common stock fair value for the related period or that are contingently issuable are considered anti-dilutive.
Accounting for Restructuring Plans [Policy Text Block]	Accounting for Restructuring Plans Based on our policies for the calculation and payment of severance benefits, we account for employee-related restructuring charges as an ongoing benefit arrangement in accordance with ASC Topic 712, Compensation - Nonretirement Postemployment Benefits .
Related Party Transactions Disclosure [Text Block]	Related Party Transactions From time to time we enter into arrangements with parties which may be affiliated with us, executive officers, and members of our board of directors. These transactions are primarily comprised of sales transactions in the normal course of business and are immaterial to the financial statements for all periods presented.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Pronouncement In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”). ASU 2020-04 is intended to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This guidance is effective beginning on March 12, 2020, and the Company adopted ASU 2020-04 as of January 1, 2022. The Company has determined the impact of this adoption was not material to our consolidated financial statements and related disclosures.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Allowance for Sales Returns and Exchanges (Tables)	12 Months Ended
	Dec. 31, 2022
Allowance for sales returns and exchanges [Abstract]
Allowance for Sales Returns and Exchanges [Table Text Block]	The following table sets forth the activity in the allowance for sales returns and exchanges for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Allowance for sales returns and exchanges – beginning of year $ 11,298 $ 9,306 $ 8,230 Additions and adjustments to the allowance 1,016 8,885 10,746 Deductions against the allowance (4,608) (6,893) (9,670) Allowance for sales returns and exchanges – end of year $ 7,706 $ 11,298 $ 9,306
Allowance for Doubtful Accounts [Table Text Block]	The following table sets forth the activity in the allowance for doubtful accounts for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Allowance for doubtful accounts – beginning of year $ 1,456 $ 1,478 $ 958 Provision for doubtful accounts 1,056 694 1,298 Reduction in allowance for doubtful accounts (1,911) (716) (778) Allowance for doubtful accounts – end of year $ 601 $ 1,456 $ 1,478
Property Plant and Equipment Useful Lives [Table Text Block]	Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset. We typically depreciate our property and equipment using the following minimum and maximum useful lives: Depreciable Life Minimum Maximum Computer and video equipment and software, including internal use software 2 years 5 years Manufacturing tooling and testbeds 3 years 5 years Office equipment 3 years 5 years Furniture, fixtures, and other 3 years 8 years

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share	The potential common shares that were considered anti-dilutive securities were excluded from the diluted earnings per share calculations for the relevant periods either because the sum of the exercise price per share and the unrecognized compensation cost per share was greater than the average market price of our common stock for the relevant periods, or because they were considered contingently issuable. The contingently issuable potential common shares result from certain stock options and restricted stock units granted to our employees that vest based on performance conditions, market conditions, or a combination of performance and market conditions. The following table sets forth (in thousands) common shares considered anti-dilutive securities at December 31, 2022, 2021, and 2020: December 31, 2022 December 31, 2021 December 31, 2020 Options — — 4 Non-vested restricted stock units 782 941 737 Anti-dilutive potential common shares 782 941 741

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Financial assets and liabilities measured at fair value on a recurring basis	The following tables summarize our deferred compensation investments measured at fair value on a recurring basis (in thousands): Fair Value Measurements at Reporting Date Using December 31, Quoted Prices in Significant Significant Financial Assets: Deferred compensation investments $ 376 $ 85 $ 291 $ — Fair Value Measurements at Reporting Date Using December 31, 2021 Quoted Prices in Significant Significant Financial Assets: Deferred compensation investments $ 408 $ 99 $ 309 $ —

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Raw materials $ 7,984 $ 8,519 Work in process 288 304 Finished goods 12,709 11,099 Total $ 20,981 $ 19,922

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Table Text Block]	Property and equipment consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Computer and video equipment and software $ 119,602 $ 133,294 Manufacturing tooling and testbeds 4,228 4,889 Office equipment 610 4,909 Furniture, fixtures and other 4,853 9,915 Leasehold improvements 27,834 37,034 157,127 190,041 Less: accumulated depreciation and amortization 133,443 174,013 Total $ 23,684 $ 16,028

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Finance Lease, Liability, Fiscal Year Maturity	The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheets as of December 31, 2022 (in thousands): Year Ending December 31, Operating Leases Finance Leases 2023 6,199 219 2024 5,443 46 2025 5,483 — 2026 5,544 — 2027 5,056 — Thereafter 1,805 — Total future minimum lease payments 29,530 265 Less effects of discounting (4,241) (2) Total lease liabilities $ 25,289 $ 263 Operating Leases December 31, 2022 Right of use assets $ 21,395 Accrued expenses and other current liabilities 4,819 Long-term lease liabilities 20,470 Total lease liabilities $ 25,289 Finance Leases December 31, 2022 Other assets $ 254 Accrued expenses and other current liabilities 217 Other long-term liabilities 46 Total lease liabilities $ 263
Lessee, Operating Lease, Liability, Maturity	The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheets as of December 31, 2022 (in thousands): Year Ending December 31, Operating Leases Finance Leases 2023 6,199 219 2024 5,443 46 2025 5,483 — 2026 5,544 — 2027 5,056 — Thereafter 1,805 — Total future minimum lease payments 29,530 265 Less effects of discounting (4,241) (2) Total lease liabilities $ 25,289 $ 263 Operating Leases December 31, 2022 Right of use assets $ 21,395 Accrued expenses and other current liabilities 4,819 Long-term lease liabilities 20,470 Total lease liabilities $ 25,289 Finance Leases December 31, 2022 Other assets $ 254 Accrued expenses and other current liabilities 217 Other long-term liabilities 46 Total lease liabilities $ 263 Year Ending December 31, Operating Leases 2023 $ 6,901 2024 $ 5,984 2025 $ 6,008 2026 $ 5,579 2027 $ 5,060 Thereafter $ 1,805 Total $ 31,337

OTHER LONG-TERM LIABILITIES (Ta

OTHER LONG-TERM LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Other long-term liabilities	Other long-term liabilities consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Finance lease liabilities 46 289 Deferred compensation 3,715 4,981 Other long-term liabilities 587 647 Total $ 4,348 $ 5,917

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Product warranty accrual activity	The following table sets forth the activity in the product warranty accrual account for the years ended December 31, 2022, 2021, and 2020 (in thousands): Accrual balance at January 1, 2020 $ 1,337 Accruals for product warranties 1,065 Cost of warranty claims (1,307) Accrual balance at December 31, 2020 1,095 Accruals for product warranties 1,349 Cost of warranty claims (1,225) Accrual balance at December 31, 2021 1,219 Accruals for product warranties 723 Cost of warranty claims (1,001) Accrual balance at December 31, 2022 $ 941

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock option plans	Information with respect to options granted under all stock option plans for the year ended December 31, 2022 was as follows: Total Number of Options Weighted- Weighted- Aggregate Options Outstanding at December 31, 2019 565,000 $7.57 1.17 571 Granted — — Exercised (319,000) 7.65 Forfeited or Expired — — Options Outstanding at December 31, 2020 246,000 $7.48 0.44 $ 1,358 Granted — — Exercised (246,000) 7.48 Forfeited or Expired — — Options outstanding at December 31, 2021 — $— 0 $ — Granted — — Exercised — — Forfeited or Expired — — Options outstanding at December 31, 2022 — $— 0.00 $ — Exercisable at: December 31, 2020 246,000 $7.48 0.44 $1,358 December 31, 2021 — $— 0.00 $— December 31, 2022 — $— 0.00 $—
Non-vested restricted stock and restricted stock units	Information with respect to non-vested time-based restricted stock units for the year ended December 31, 2022 was as follows: Number of Restricted Stock Units Weighted- Shares Retained to Cover Statutory Minimum Withholding Taxes Outstanding at December 31, 2019 2,087,933 $6.41 Granted 1,518,714 7.20 Vested (1,193,553) 6.33 403,798 Forfeited (298,215) 6.52 Outstanding at December 31, 2020 2,114,879 $7.01 Granted 458,469 29.01 Vested (1,466,907) 6.83 492,008 Forfeited (44,607) 10.43 Outstanding at December 31, 2021 1,061,834 $16.60 Granted 562,191 32.08 Vested (673,285) 15.09 246,274 Forfeited (162,523) 19.96 Outstanding at December 31, 2022 788,217 $28.24
Employee stock purchase plan	The following table sets forth the weighted-average key assumptions and fair value results for shares issued under the ESPP during the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Expected dividend yield 0.00% 0.00% 0.00% Risk-free interest rate 1.50% 0.08% 0.82% Expected volatility 63.9% 62.9% 72.1% Expected life (in years) 0.50 0.49 0.50 Weighted-average fair value of shares issued (per share) $5.03 $3.77 $1.40 The following table sets forth the quantities and average prices of shares issued under the ESPP for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Shares issued under the ESPP 41,194 26,988 61,750 Average price of shares issued $22.32 $29.95 $8.67
Allocated share-based compensation expense	December 31, 2022, 2021, and 2020, respectively (in thousands): Year Ended December 31, 2022 2021 2020 Share-based compensation expense by type: Time-based Restricted Stock Units $ 13,585 $ 10,010 $ 8,340 Performance-based Restricted Stock Units 2,779 3,575 2,211 ESPP 191 152 113 Total Share-based compensation expense $ 16,555 $ 13,737 $ 10,664 Stock-based compensation was included in the following captions in our consolidated statements of operations for the years ended December 31, 2022, 2021, and 2020, respectively (in thousands): Year Ended December 31, 2022 2021 2020 Cost of revenues $ 2,063 $ 1,800 $ 1,339 Research and development expenses 2,289 1,620 1,725 Marketing and selling expenses 3,088 2,484 2,176 General and administrative expenses 9,115 7,833 5,424 Total $ 16,555 $ 13,737 $ 10,664

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Before Income Taxes and Components of Income Tax Provision	Income before income taxes and the components of the income tax (benefit) provision consisted of the following for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Income from operations before income taxes: United States $ 31,322 $ 31,085 $ 9,182 Foreign 14,015 12,870 3,252 Total income from operations before income taxes $ 45,337 $ 43,955 $ 12,434 Provision for (Benefit from) income taxes: Current tax expense (benefit): Federal $ — $ — $ — State 121 119 133 Foreign benefit of net operating losses (880) (1,616) (883) Other foreign 1,283 2,612 1,295 Total current tax expense 524 1,115 545 Deferred tax (benefit) expense: Federal — — — State — — — Other foreign (10,428) 1,452 827 Total deferred tax (benefit) expense (10,428) 1,452 827 Total (benefit from) provision for income taxes $ (9,904) $ 2,567 $ 1,372
Net Deferred Tax Assets (Liabilities)	Net deferred tax assets (liabilities) consisted of the following at December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Deferred tax assets: Tax credit and loss carryforwards $ 230,253 $ 247,658 Allowances for bad debts 42 45 Difference in accounting for: Revenues 10,563 3,515 Costs and expenses 27,350 27,093 Inventories 1,289 1,529 Long-term lease liabilities 5,365 6,093 Gross deferred tax assets 274,862 285,933 Valuation allowance (252,874) (273,877) Deferred tax assets after valuation allowance 21,988 12,056 Deferred tax liabilities: Difference in accounting for: Costs and expenses (826) (779) Inventories — (46) Right of use asset (5,312) (6,021) Gross deferred tax liabilities (6,138) (6,846) Net deferred tax assets $ 15,850 $ 5,210 Recorded as: Deferred tax assets, net 15,859 5,210 Deferred tax liabilities, net (9) — Net deferred tax assets $ 15,850 $ 5,210
Reconciliation of Income Tax Provision to Statutory Rate	The following table sets forth a reconciliation of our income tax provision (benefit) to the statutory U.S. federal tax amount for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Statutory tax $ 9,521 $ 9,230 $ 2,611 Tax credits utilized and expired 838 892 1,356 Foreign operations 4,155 1,526 981 Change in uncertain tax positions (11,323) — (474) Non-deductible expenses and other 630 294 304 Stock based compensation (3,115) (7,542) (430) Non-deductible executive compensation 2,630 3,464 551 Non-taxable income from PPP loan forgiveness — (1,638) — Change in valuation allowance (13,240) (3,659) (3,527) (Benefit from) provision for income taxes $ (9,904) $ 2,567 $ 1,372
Reconciliation of Unrecognized Tax Benefits	The following table sets forth a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended December 31, 2022, 2021, and 2020 (in thousands): Unrecognized tax benefits at January 1, 2020 $ 13,011 Decreases for tax positions taken during a prior period (818) Unrecognized tax benefits at December 31, 2020 12,193 Decreases for tax positions taken during a prior period (524) Unrecognized tax benefits at December 31, 2021 11,669 Decreases due to expiration of statute of limitations (11,233) Unrecognized tax benefits at December 31, 2022 $ 436

RESTRUCTURING COSTS AND ACCRU_2

RESTRUCTURING COSTS AND ACCRUALS (Tables)	12 Months Ended
	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring and Related Costs [Table Text Block]	Restructuring Summary The following table sets forth restructuring expenses recognized for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Employee $ 513 $ 1,116 $ 4,949 Facility — — 97 Total restructuring charges, net $ 513 $ 1,116 $ 5,046 The following table sets forth the activity in the restructuring accruals for the years ended December 31, 2022, 2021, and 2020 (in thousands). Employee- Accrual balance at December 31, 2019 $ 155 Restructuring charges and revisions 4,949 Cash payments (1,461) Foreign exchange impact on ending balance 44 Accrual balance at December 31, 2020 3,687 Restructuring charges and revisions 954 Cash payments (3,947) Foreign exchange impact on ending balance (39) Accrual balance at December 31, 2021 $ 655 Restructuring charges and revisions 513 Cash payments (948) Foreign exchange impact on ending balance (15) Current accrual balance at December 31, 2022 $ 205

PRODUCT AND GEOGRAPHIC INFORM_2

PRODUCT AND GEOGRAPHIC INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following is a summary of our revenues by type for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Subscription services $ 151,330 $ 108,443 $ 72,831 Maintenance services 109,845 122,411 124,175 Integrated solutions 123,277 131,073 112,904 Perpetual Licenses 11,091 23,793 27,858 Professional services, training and other services 21,870 24,224 22,698 Total net revenues $ 417,413 $ 409,944 $ 360,466
Schedule of Revenues and Long-lived Assets By Geographic Areas	The following table sets forth our revenues by geographic region for the years ended December 31, 2022, 2021, and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Revenues: United States $ 178,023 $ 173,717 $ 143,518 Other Americas 31,046 20,399 24,026 Europe, Middle East and Africa 150,976 160,390 142,370 Asia-Pacific 57,368 55,438 50,552 Total net revenues $ 417,413 $ 409,944 $ 360,466
Contract with Customer, Asset and Liability [Table Text Block]	Contract Asset Contract asset activity for the years ended December 31, 2022 and 2021 was as follows (in thousands): December 31, 2022 December 31, 2021 Contract asset at beginning of period $ 25,397 $ 18,579 Revenue in excess of billings 86,362 66,455 Customer billings (73,994) (59,637) Contract asset at end of period 37,765 25,397 Less: current portion 32,295 18,903 Long-term portion $ 5,470 $ 6,494 The increase in contract assets during the year ended December 31, 2022 is due to the timing of payments due under our enterprise network agreements which predominately are payable annually, whereas performance obligations are fulfilled on a continuous basis partially offset by continued growth in our subscription offerings. The long-term portion of contract assets is included in “other long-term assets” in our consolidated balance sheet for the year ended December 31, 2022.
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	Deferred Revenue Deferred revenue activity for the years ended December 31, 2022 and 2021 was as follows (in thousands): December 31, 2022 December 31, 2021 Deferred revenue at beginning of period $ 98,082 $ 99,258 Billings deferred 81,515 81,517 Recognition of prior deferred revenue (85,447) (82,693) Deferred revenue at end of period $ 94,150 $ 98,082 A summary of the performance obligations included in deferred revenue as of December 31, 2022 is as follows (in thousands): December 31, 2022 Product $ 7,040 Subscription 17,730 Maintenance Contracts 64,759 Implied Maintenance Release PCS 4,028 Professional services, training and other 593 Deferred revenue at December 31, 2022 $ 94,150 Remaining Performance Obligations For transaction prices allocated to remaining performance obligations, we apply practical expedients and do not disclose quantitative or qualitative information for remaining performance obligations (i) that have original expected durations of one year or less and (ii) where we recognize revenue equal to what we have the right to invoice and that amount corresponds directly with the value to the customer of our performance to date. We have remaining performance obligations of $4.0 million attributable to Implied Maintenance Release PCS recorded in deferred revenue as of December 31, 2022. We expect to recognize revenue for these remaining performance obligations of $1.6 million, $1.1 million, $0.7 million, $0.4 million, and $0.2 million for the years ended December 31, 2023, 2024, 2025, 2026, and 2027, respectively, and an immaterial amount thereafter.

LONG-TERM DEBT AND CREDIT AGREE

LONG-TERM DEBT AND CREDIT AGREEMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Long Term Debt Instruments [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consisted of the following (in thousands): December 31, 2022 December 31, 2021 Term loan, net of unamortized debt issuance costs and debt discount of $2,485 and $2,059 at December 31, 2022 and 2021, respectively $ 181,853 $ 168,941 Other long-term debt 815 1,023 Total debt 182,668 169,964 Less: current portion 9,710 9,158 Total long-term debt $ 172,958 $ 160,806
Schedule of Maturities of Long-term Debt [Table Text Block]	The following table summarizes the maturities of our borrowing obligations as of December 31, 2022 (in thousands): Fiscal Year Term Loan Other Long-Term Debt Total 2023 $ 9,550 $ 160 $ 9,710 2024 13,131 171 13,302 2025 17,907 184 18,091 2026 19,100 197 19,297 2027 124,650 103 124,753 Thereafter — — — Total before unamortized discount 184,338 815 185,153 Less: unamortized discount and issuance costs (2,485) — (2,485) Less: current portion of long-term debt (9,550) (160) (9,710) Total long-term debt $ 172,303 $ 655 $ 172,958

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Allowance for Sales Returns and Exchanges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Sales Returns and Exchanges	$ 7,706	$ 11,298	$ 9,306	$ 8,230
Additions to the allowance	1,016	8,885	10,746
Deductions against the allowance	$ (4,608)	$ (6,893)	$ (9,670)

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 601	$ 1,456	$ 1,478	$ 958
Bad debt (recovery) expense	1,056	694	1,298
Increase (reduction) in allowance for doubtful accounts	$ (1,911)	$ (716)	$ (778)

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Operating Lease, Right-of-Use Asset	$ 21,395	$ 24,143
Foreign Currency Transaction and Translation Gains/Losses, Selling and Marketing Expense	$ 1,400	1,300	$ 400
Number of Reporting Units	1
Accounts Receivable Percentage Not Attained by Individual Customer	10%
Operating Lease, Liability	$ 25,289
Marketing and selling	95,977	95,494	87,637
Advertising Expense	$ 2,700	$ 2,900	$ 100
Maximum [Member]
Extended Product Warranty Description	five years
Minimum [Member]
Extended Product Warranty Description	90 days

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Computer and video equipment and software [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	2 years
Computer and video equipment and software [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	5 years
Manufacturing tooling and testbeds [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Manufacturing tooling and testbeds [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	5 years
Office equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Office equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	5 years
Furniture, fixtures and other [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Furniture, fixtures and other [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	8 years
Software Development [Member]
Internal Use Software, Useful Life	3 years

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Leases (Details)	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Discount Rate, Percent	5.90%
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	6 years

NET INCOME PER SHARE (Details)

NET INCOME PER SHARE (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average common shares outstanding - basic	44,531	45,101	43,822
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	325	1,202	1,056
Anti-dilutive potential common shares (in thousands of shares)	782	941	741
Weighted-average common shares outstanding - diluted	44,856	46,303	44,878
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive potential common shares (in thousands of shares)	0	0	4
Non-vested restricted stock units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive potential common shares (in thousands of shares)	782	941	737

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial Assets:
Deferred compensation assets	$ 376	$ 408
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Deferred compensation assets	85	99
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Deferred compensation assets	291	309
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Deferred compensation assets	$ 0	$ 0

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory [Line Items]
Raw materials	$ 7,984	$ 8,519
Work in process	288	304
Finished Goods	12,709	11,099
Total inventory	20,981	19,922
Finished goods, consigned	$ 1,400	$ 1,900

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 157,127	$ 190,041
Accumulated depreciation and amortization	133,443	174,013
Property and equipment, net	23,684	16,028
Capitalized Computer Software, Additions	8,800	2,600
Capitalized Computer Software, Amortization	3,800	3,800	$ 3,100
Annual depreciation and amortization	$ 8,300	8,300	$ 8,500
Internal Use Software [Domain]
Property, Plant and Equipment [Line Items]
Capitalized Computer Software, Useful Life	3 years
Computer and video equipment and software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 119,602	133,294
Manufacturing tooling and testbeds [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,228	4,889
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	610	4,909
Furniture, fixtures and other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,853	9,915
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 27,834	$ 37,034

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 23, 2015 USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of Reporting Units	1
Goodwill and intangible assets impairments [Abstract]
Goodwill	$ 32,643	$ 32,643
Business Combination, Recognized Goodwill			$ 32,600

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Discount Rate, Percent	5.90%
Operating Lease, Weighted Average Remaining Lease Term	5 years 1 month 6 days
Lease, Cost	$ 5,800	$ 7,100	$ 9,100
Operating Lease, Payments	6,200	7,600	9,000
Lessee, Operating Lease, Liability, Payments, Due Next Rolling Twelve Months	6,199
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two	5,443
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Three	5,483
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Four	5,544
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Five	5,056
Lessee, Operating Lease, Liability, Payments, Due after Rolling Year Five	1,805
Less effects of discounting	(4,241)
Operating Lease, Liability	25,289
Operating Lease, Liability, Current	4,819	5,098
Operating Lease, Liability, Noncurrent	20,470	$ 23,379
2022	6,901
2023	5,984
2024	6,008
2025	5,579
2026	5,060
Thereafter	1,805
Total	31,337
Total	29,530
Finance Lease, Liability, Payments, Due Next Twelve Months	219
Finance Lease, Liability, Payments, Due in Rolling Year Two	46
Finance Lease, Liability, Payments, Due in Rolling Year Three	0
Finance Lease, Liability, Payment, Due	265
Finance Lease, Liability, Undiscounted Excess Amount	(2)
Finance Lease, Liability	$ 263
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other long-term assets	Other long-term assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance Lease, Liability, Current	$ 217
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Finance Lease, Liability, Noncurrent	$ 46	$ 289
Finance Lease, Weighted Average Discount Rate, Percent				230%
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	1,900	500
Sublease Income	500	600	800
Payments for Rent	$ 8,100	$ 9,000	$ 10,200
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 254
Operating Lease, Right-of-Use Asset	21,395	$ 24,143
Short-Term Lease, Cost	2,400	$ 1,800
Operating Leases on Vacated Facilities [Member]
Lessee, Lease, Description [Line Items]
Effect on Future Cash Flows, Amount	$ 1,300

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accrued Expenses and Other Current Liabilities Disclosure [Abstract]
Accrued Professional Fees, Current	$ 1,000	$ 1,320
Operating Lease, Liability, Current	4,819	5,098
Accrued Royalties, Current	2,536	2,842
Product Warranty Accrual, Current	941	1,219
Restructuring Reserve	205	655
Allowance for Sales Returns and Exchanges	7,706	11,298	$ 9,306	$ 8,230
Other Accrued Liabilities, Current	18,824	15,120
Accrued expenses and other current liabilities	$ 36,031	$ 37,552

OTHER LONG-TERM LIABILITIES (De

OTHER LONG-TERM LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Finance lease liabilities	$ 46	$ 289
Deferred compensation	3,715	4,981
Other long-term liabilities	587	647
Total	$ 4,348	$ 5,917

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended			36 Months Ended
	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Apr. 30, 2020
Loss Contingencies [Line Items]
Long-term Purchase Commitment, Amount	$ 32,200				$ 19,900
Long-term Purchase Commitment, Period	5 years
Restructuring Reserve		$ 205	$ 655
Lessee, Operating Lease, Liability, Payments, Due		29,530
Lessee, Operating Lease, Liability, Non-Cancellable, to be Paid		$ 31,337
Purchase Commitments [Abstract]
Maximum Purchase Commitment Period (in Years)		1 year
Aggregate total of non-cancelable purchase commitments		$ 29,100
Product warranty accrual [Roll Forward]
Accrual balance at beginning of year		1,219	1,095	$ 1,337
Accruals for product warranties		723	1,349	1,065
Cost of warranty claims		(1,001)	(1,225)	(1,307)
Accrual balance at end of period		941	$ 1,219	$ 1,095
Standby Letters of Credit [Member] | Office Space - Burlington, Massachusetts [Member]
Loss Contingencies [Line Items]
Letters of Credit Outstanding, Amount		700
Standby Letters of Credit [Member] | Office Space - Other Facilities [Member]
Loss Contingencies [Line Items]
Letters of Credit Outstanding, Amount		500
Standby Letters of Credit [Member] | Other Operating Obligations [Member]
Loss Contingencies [Line Items]
Letters of Credit Outstanding, Amount		2,000
Operating Leases on Vacated Facilities [Member]
Loss Contingencies [Line Items]
Effect on Future Cash Flows, Amount		1,300
Aggregate obligation of vacated facilies		$ 1,300

CAPITAL STOCK Preferred Stock (

CAPITAL STOCK Preferred Stock (Details) - $ / shares shares in Thousands	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	1,000	1,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01

CAPITAL STOCK (Details)

CAPITAL STOCK (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2014	Jun. 30, 2011	Mar. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	10,540,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01	$ 0.01
Stock Incentive Plans [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Non-employee Director [Member]
Stock Incentive Plans [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				2,500,000	1,700,000
Shares available for issuance	451,000

CAPITAL STOCK CAPITAL STOCK, St

CAPITAL STOCK CAPITAL STOCK, Stock Repurchase (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity, Class of Treasury Stock [Line Items]
Treasury Stock, Shares, Acquired	2,036,524
Stock Repurchase Program, Authorized Amount	$ 115,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	37,100
Payments for Repurchase of Common Stock	52,993	$ 24,787	$ 0
Stock Repurchased During Period, Value	$ 52,843	$ 25,090

CAPITAL STOCK, Stock Options (D

CAPITAL STOCK, Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock Option Activity [Roll Forward]
Cash received from the exercise of stock options			$ 1,600
Non-employee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Payment Arrangement, Option [Member]
Stock Option Activity [Roll Forward]
Options outstanding at beginning of period (in shares)	0	246,000	565,000
Granted (in shares)	0	0	0
Exercised (in shares)		(246,000)	(319,000)
Forfeited or canceled (in shares)		0	0
Options outstanding at end of period (in shares)	0	0	246,000	565,000
Weighted-average exercise price, options outstanding at beginning of period (in dollars per share)	$ 0	$ 7.48	$ 7.57
Weighted-average exercise price, options granted (in dollars per share)	0	0	0
Weighted-average exercise price, options exercised (in dollars per share)	0	7.48	7.65
Weighted-average exercise price, options forfeited or canceled (in dollars per share)	0	0	0
Weighted-average exercise price, options outstanding at end of period (in dollars per share)	$ 0	$ 0	$ 7.48	$ 7.57
Weighted-average remaining contractual term of options outstanding (in years)	0 years	0 years	5 months 8 days	1 year 2 months 1 day
Aggregate intrinsic value options outstanding	$ 0	$ 0	$ 1,358	$ 571
Share-based Payment Arrangement, Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	7 years
Share-based Payment Arrangement, Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years

CAPITAL STOCK, Restricted Stock

CAPITAL STOCK, Restricted Stock and Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Par or Stated Value Per Share	$ 0.01
Non-employee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Restricted Stock Units (RSUs) [Member]
Non-Vested Restricted Stock and Restricted Stock Units Activity [Roll Forward]
Weighted-average grant date fair value, granted (in dollars per share)	$ 28.84	$ 22.54	$ 7.05
Fair value of restricted stock and stock units vested during the period	$ 14.8	$ 12.8	$ 9.5
Restricted Stock Units (RSUs) [Member] | Time Based RSUs
Non-Vested Restricted Stock and Restricted Stock Units Activity [Roll Forward]
Non-vested at beginning of period (in shares)	1,061,834	2,114,879	2,087,933
Granted (in shares)	562,191	458,469	1,518,714
Vested (in shares)	(673,285)	(1,466,907)	(1,193,553)
Forfeited (in shares)	(162,523)	(44,607)	(298,215)
Non-vested at end of period (in shares)	788,217	1,061,834	2,114,879
Weighted-average grant date fair value, granted (in dollars per share)	$ 32.08	$ 29.01	$ 7.20
Weighted-average grant date fair value, vested (in dollars per share)	15.09	6.83	6.33
Weighted-average grant date fair value, forfeited (in dollars per share)	19.96	10.43	6.52
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 28.24	$ 16.60	$ 7.01	$ 6.41
Restricted Stock Units (RSUs) [Member] | Time-Based Vesting [Member]
Non-Vested Restricted Stock and Restricted Stock Units Activity [Roll Forward]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	246,274	492,008	403,798
Restricted Stock Units (RSUs) [Member] | Performance-Based Vesting [Member]
Non-Vested Restricted Stock and Restricted Stock Units Activity [Roll Forward]
Non-vested at beginning of period (in shares)	579,364	653,428	554,265
Granted (in shares)	296,405	397,048	578,316
Vested (in shares)	(454,804)	(471,112)	(328,673)
Forfeited (in shares)	(126,954)	0	(150,480)
Non-vested at end of period (in shares)	294,011	579,364	653,428
Weighted-average grant date fair value, granted (in dollars per share)	$ 22.69	$ 15.07	$ 6.64
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	200,208	196,703	133,596
Weighted-average grant date fair value, vested (in dollars per share)	$ 10.19	$ 5.81	$ 5.80
Weighted-average grant date fair value, forfeited (in dollars per share)	22.97	0	7.11
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 23.20	$ 13.20	$ 6.74	$ 6.39
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years

CAPITAL STOCK, Employee Stock P

CAPITAL STOCK, Employee Stock Purchase Plan (Details) - USD ($)		1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Jul. 31, 2015	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2011	Mar. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				10,540,000
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized							2,500,000	1,700,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant				451,000
Weighted-average assumptions and fair value of shares issued under the ESPP
Expected dividend yield (in hundredths)				0%	0%	0%
Risk-free interest rate (in hundredths)				1.50%	0.08%	0.82%
Expected volatility (in hundredths)				63.90%	62.90%	72.10%
Expected life (in years)				6 months	5 months 26 days	6 months
Weighted-average fair value of shares issued (in dollars per share)				$ 5.03	$ 3.77	$ 1.40
Shares issued under the ESPP (in shares)				41,194	26,988	61,750
Average price of shares issued (in dollars per share)				$ 22.32	$ 29.95	$ 8.67
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized			650,000
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent				85%
Share-Based Compensation Arrangement By Share-Based Payment Award, Maximum Employee Subscription Salary				$ 5,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Offering Period	3 months	6 months

CAPITAL STOCK, Allocated Share-

CAPITAL STOCK, Allocated Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock-Based Compensation Expense [Abstract]
Allocated share-based compensation expense	$ 16,555	$ 13,737	$ 10,664
Expected future amortization of unrecognized compensation cost [Abstract]
2017	10,200
2018	6,100
2019	1,500
Total unrecognized compensation cost related to non-vested stock-based compensation awards	$ 17,900
Weighted-average recognition period of total unrecognized compensation cost (in years)	1 year 1 month 6 days
Cost of Products Revenues [Member]
Stock-Based Compensation Expense [Abstract]
Allocated share-based compensation expense	$ 2,063	1,800	1,339
Research and Development Expense [Member]
Stock-Based Compensation Expense [Abstract]
Allocated share-based compensation expense	2,289	1,620	1,725
Marketing and Selling Expense [Member]
Stock-Based Compensation Expense [Abstract]
Allocated share-based compensation expense	3,088	2,484	2,176
General and Administrative Expense [Member]
Stock-Based Compensation Expense [Abstract]
Allocated share-based compensation expense	9,115	7,833	5,424
Restricted Stock Units (RSUs) [Member] | Time Based RSUs
Stock-Based Compensation Expense [Abstract]
Employee Benefits and Share-based Compensation	13,585	10,010	8,340
Restricted Stock Units (RSUs) [Member] | Performance-Based Vesting [Member]
Stock-Based Compensation Expense [Abstract]
Employee Benefits and Share-based Compensation	2,779	3,575	2,211
Employee Stock Purchase Plan [Member]
Stock-Based Compensation Expense [Abstract]
Employee Benefits and Share-based Compensation	$ 191	$ 152	$ 113
Minimum [Member] | Share-based Payment Arrangement, Option [Member]
Stock-Based Compensation Expense [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	7 years
Maximum [Member] | Share-based Payment Arrangement, Option [Member]
Stock-Based Compensation Expense [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
401(k) Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contributions to the plan	$ 1.9	$ 0.7	$ 0.5
Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contributions to international employees retirement and post-employment plans	$ 1.4	$ 1.4	$ 1.4

EMPLOYEE BENEFIT PLANS Deferred

EMPLOYEE BENEFIT PLANS Deferred Compensation Plans (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Management and Directors Deferred Compensation Plan [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Assets of the deferred compensation plan	$ 0.1	$ 0.1
Acquired Individual Deferred Compensation Arrangement [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Assets of the deferred compensation plan	0.3	0.3
Liabilities of deferred compensation plan	$ 3.7	$ 5

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Income Tax Provision to Statutory Tax Rate [Abstract]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount		$ 9,521	$ 9,230	$ 2,611
Effective Income Tax Rate Reconciliation, Tax Credit, Amount		838	892	1,356
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount		4,155	1,526	981
Effective Income Tax Rate Reconciliation, Tax Contingency, Uncertain Tax Positions		(11,323)	0	(474)
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount		630	294	304
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Amount		2,630	3,464	551
Effective Income Tax Rate Reconciliation, Non-taxable Income From PPP Loan Forgiveness, Amount		0	1,638	0
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount		13,240	3,659	3,527
Provision for (benefit from) income taxes		(9,904)	2,567	1,372
Income (loss) from operations before income taxes:
United States		31,322	31,085	9,182
Foreign		14,015	12,870	3,252
(Loss) income before income taxes		45,337	43,955	12,434
Current tax expense (benefit):
Net cash payments for income taxes		1,697	1,034	(391)
Federal		0	0	0
State		121	119	133
Foreign benefit of net operating losses		(880)	(1,616)	(883)
Other foreign		1,283	2,612	1,295
Total current tax expense (benefit)		524	1,115	545
Deferred tax (benefit) expense:
Federal		0	0	0
Other foreign		(10,428)	1,452	827
Total deferred tax (benefit) expense		(10,428)	1,452	827
Provision for (benefit from) income taxes		(9,904)	2,567	1,372
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Increases for tax positions taken during a prior period				818
Decreases for tax positions taken during a prior period		(11,233)	(524)	(800)
Unrecognized tax benefits at end of period		$ 436	11,669	$ 12,193
ISRAEL
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Decreases for tax positions taken during a prior period			(400)
Foreign [Member]
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Decreases for tax positions taken during a prior period			$ (900)
Foreign [Member] | ISRAEL
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Decreases for tax positions taken during a prior period	$ (1,800)
Foreign [Member] | GERMANY
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Decreases for tax positions taken during a prior period	$ (11,200)

INCOME TAXES Deferred Tax Asset

INCOME TAXES Deferred Tax Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Asset (Liability) [Line Items]
Deferred Tax Assets, Capital Loss Carryforwards	$ 1,500
Tax credit and net operating loss carryforwards	230,253	$ 247,658
Allowances for bad debts	42	45
Revenues	10,563	3,515
Costs and expenses	27,350	27,093
Inventories	1,289	1,529
Deferred Tax Assets, Other	5,365	6,093
Gross deferred tax assets	274,862	285,933
Valuation allowance	(252,874)	(273,877)
Deferred tax assets after valuation allowance	21,988	12,056
Costs and expenses	(826)	(779)
Acquired intangible assets	0	(46)
Net deferred tax assets (liabilities)	15,850	5,210
Deferred Tax Liabilities, Leasing Arrangements	(5,312)	(6,021)
Gross deferred tax liabilities	(6,138)	(6,846)
Deferred Tax Assets (Liabilities), Net	15,859	5,210
Long-term deferred tax liabilities, net	(9)	0
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Amount	2,630	3,464	$ 551
Effective Income Tax Rate Reconciliation, Non-taxable Income From PPP Loan Forgiveness, Amount	0	(1,638)	0
Effective Income Tax Rate Reconciliation, Stock Based Compensation, Amount	(3,115)	$ (7,542)	$ (430)
US Federal and State [Member]
Deferred Tax Asset (Liability) [Line Items]
Tax credit carryforwards	46,900
Net operating loss carryforwards	616,400
Foreign [Member]
Deferred Tax Asset (Liability) [Line Items]
Tax credit carryforwards	6,000
Net operating loss carryforwards	107,500
Valuation allowance, tax credits	6,000
Valuation allowance, net operating losses	$ 49,300

INCOME TAXES Deferred Tax Liabi

INCOME TAXES Deferred Tax Liability Not Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Asset (Liability) [Line Items]
Unrecognized Tax Benefits	$ 436	$ 11,669	$ 12,193	$ 13,011
Decreases for tax positions taken during a prior period	$ (11,233)	$ (524)	(800)
Increases for tax positions taken during a prior period			$ (818)

RESTRUCTURING COSTS AND ACCRU_3

RESTRUCTURING COSTS AND ACCRUALS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) position	Dec. 31, 2021 USD ($) position	Dec. 31, 2020 USD ($) position
Restructuring and Related Activities [Abstract]
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 513	$ 1,116	$ 5,046
Restructuring accrual [Roll Forward]
Accrual balance at beginning of year	655
Accrual balance at end of year	205	655
Restructuring charges	$ 513	$ 1,116	$ 5,046
Number of positions eliminated | position	3	24	93
Fixed asset write-off	$ 495	$ 956	$ 5,046
Employee-Related [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	513	1,116	4,949
Restructuring and Related Cost, Incurred Cost	513	954	4,949
Restructuring accrual [Roll Forward]
Accrual balance at beginning of year	655	3,687	155
Payments for Restructuring	(948)	(3,947)	(1,461)
Foreign exchange impact on ending balance	(15)	(39)	44
Accrual balance at end of year	205	655	3,687
Facilities-Related [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 0	$ 0	$ 97

PRODUCT AND GEOGRAPHIC INFORM_3

PRODUCT AND GEOGRAPHIC INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ 417,413	$ 409,944	$ 360,466
United States [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	178,023	173,717	143,518
Other Americas [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	31,046	20,399	24,026
Europe, Middle East and Africa [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	150,976	160,390	142,370
Asia-Pacific [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	57,368	55,438	50,552
Subscription services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	151,330	108,443	72,831
Maintenance services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	109,845	122,411	124,175
Service
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	156,238	179,090	163,460
Integrated solutions
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	11,091	131,073	112,904
Perpetual Licenses
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	123,277	23,793	27,858
Professional services, training and other services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	21,870	24,224	22,698
Support services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	109,845	122,411	124,175
Subscription services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ 151,330	$ 108,443	$ 72,831

REVENUE Revenue from Contract w

REVENUE Revenue from Contract with Customer (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Capitalized Contract Cost [Line Items]
Contract with Customer, Asset, after Allowance for Credit Loss	$ 37,765	$ 25,397	$ 18,579
Contract with Customer, Asset, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress	86,362	66,455
Contract with Customer, Asset, Reclassified to Receivable	(73,994)	(59,637)
Contract with Customer, Asset, Net, Noncurrent	5,470	6,494
Contract assets	$ 32,295	$ 18,903

REVENUE Deferred Revenue Activi

REVENUE Deferred Revenue Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2027	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2020
Deferred Revenue Arrangement [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 20,400
Deferred Revenue	94,150	$ 98,082						$ 99,258
Deferred Revenue, Additions	81,515	81,517
Deferred Revenue, Revenue Recognized	(85,447)	$ (82,693)
Revenue, Remaining Performance Obligation, Amount, Installments	24,400
Subscription services
Deferred Revenue Arrangement [Line Items]
Revenue, Remaining Performance Obligation, Amount	7,040
Subscription Arrangement [Member]
Deferred Revenue Arrangement [Line Items]
Revenue, Remaining Performance Obligation, Amount	17,730
Software Service, Support and Maintenance Arrangement [Member]
Deferred Revenue Arrangement [Line Items]
Revenue, Remaining Performance Obligation, Amount	64,759
Nonsoftware Service, Support and Maintenance Arrangement [Member]
Deferred Revenue Arrangement [Line Items]
Revenue, Remaining Performance Obligation, Amount	4,028
Nonsoftware Service, Support and Maintenance Arrangement [Member] | Forecast [Member]
Deferred Revenue Arrangement [Line Items]
Revenue, Remaining Performance Obligation, Amount			$ 200	$ 400	$ 700	$ 1,100	$ 1,600
Software License Arrangement [Member]
Deferred Revenue Arrangement [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 593

LONG TERM DEBT AND CREDIT AGREE

LONG TERM DEBT AND CREDIT AGREEMENT (Details) - USD ($)			12 Months Ended
	Oct. 06, 2022	Jan. 05, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Other Long-term Debt, Noncurrent			$ 815,000	$ 1,023,000
Term Loan, net			181,853,000	168,941,000
Short-term Debt, Fair Value			9,710,000	9,158,000
Long-term Debt			172,958,000	160,806,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net			$ 2,485,000	2,059,000
Debt Instrument, Interest Rate, Effective Percentage			4.43%
Repayments of Lines of Credit			$ 44,000,000	0	$ 22,000,000
Debt, Long-term and Short-term, Combined Amount			182,668,000	169,964,000
Cash paid for interest			5,859,000	7,439,000	17,499,000
Proceeds from revolving line of credit			$ 44,000,000	$ 0	$ 22,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		$ 2,500,000
Extinguishment of Debt, Amount	$ 19,000,000
Line of Credit Facility, Maximum Borrowing Capacity		70,000,000
Cerberus Business Finance LLC [Member]
Line of Credit Facility [Line Items]
Unamortized Debt Issuance Expense		2,600,000
Gain (Loss) on Extinguishment of Debt		(3,700,000)
Extinguishment of Debt, Amount		$ 201,000,000

LONG-TERM DEBT AND CREDIT AGR_2

LONG-TERM DEBT AND CREDIT AGREEMENT Carrying Value of Long Term Debt (Details) - USD ($)	Jan. 05, 2021	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months		$ 9,710,000
Long-term Debt, Maturities, Repayments of Principal in Year Two		13,302,000
Long-term Debt, Maturities, Repayments of Principal in Year Three		18,091,000
Long-term Debt, Maturities, Repayments of Principal in Year Four		19,297,000
Long-term Debt, Maturities, Repayments of Principal in Year Five		124,753,000
Term Loan, net		181,853,000	$ 168,941,000
Other Long-term Debt, Noncurrent		815,000	1,023,000
Total debt		185,153,000
Long-term Debt		172,958,000	160,806,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		(2,485,000)	(2,059,000)
Long-term Debt, Maturities, Repayments of Principal after Year Five		0
Short-term Debt, Fair Value		(9,710,000)	$ (9,158,000)
Cerberus Business Finance LLC [Member]
Debt Instrument [Line Items]
Extinguishment of Debt, Amount	$ 201,000,000
Unamortized Debt Issuance Expense	$ 2,600,000
Cerberus Business Finance LLC [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months		9,550,000
Long-term Debt, Maturities, Repayments of Principal in Year Two		13,131,000
Long-term Debt, Maturities, Repayments of Principal in Year Three		17,907,000
Long-term Debt, Maturities, Repayments of Principal in Year Four		19,100,000
Long-term Debt, Maturities, Repayments of Principal in Year Five		124,650,000
Total debt		184,338,000
Long-term Debt		172,303,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		(2,485,000)
Long-term Debt, Maturities, Repayments of Principal after Year Five		0
Short-term Debt, Fair Value		(9,550,000)
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months		160,000
Long-term Debt, Maturities, Repayments of Principal in Year Two		171,000
Long-term Debt, Maturities, Repayments of Principal in Year Three		184,000
Long-term Debt, Maturities, Repayments of Principal in Year Four		197,000
Long-term Debt, Maturities, Repayments of Principal in Year Five		103,000
Total debt		815,000
Long-term Debt		655,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		0
Long-term Debt, Maturities, Repayments of Principal after Year Five		0
Short-term Debt, Fair Value		$ (160,000)

LONG-TERM DEBT AND CREDIT AGR_3

LONG-TERM DEBT AND CREDIT AGREEMENT Unamortized Debt Issuance Costs and Discounts (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Jan. 05, 2021
Debt Instrument [Line Items]
Convertible Note unamortized issue discount and debt issuance costs	$ 2,485	$ 2,059
Cerberus Business Finance LLC [Member]
Debt Instrument [Line Items]
Term loan unamortized debt issuance costs			$ 2,600

LONG-TERM DEBT AND CREDIT AGR_4

LONG-TERM DEBT AND CREDIT AGREEMENT - Credit Agreement (Details) - USD ($)				12 Months Ended
	Oct. 06, 2022	Feb. 25, 2022	Jan. 05, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2022
Line of Credit Facility [Line Items]
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net				$ 2,485,000	$ 2,059,000
Repayments of Lines of Credit				44,000,000	0	$ 22,000,000
Interest Expense				$ 9,395,000	$ 7,155,000	$ 20,071,000
Debt Instrument, Interest Rate, Effective Percentage				4.43%
Debt Issuance Costs, Gross				$ 500,000
Term Loan and Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest Expense				$ 7,800,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 70,000,000
Extinguishment of Debt, Amount	$ 19,000,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net			2,500,000
Debt Instrument, Increase (Decrease) in Borrowing Capacity	50,000,000
Debt Instrument, Unused Borrowing Capacity, Amount	120,000,000
Debt Issuance Costs, Gross							$ 400,000
Line of Credit [Member] | Secured Debt [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000,000		180,000,000
Debt Instrument, Interest Rate, Increase (Decrease)		0.25%
Cerberus Business Finance LLC [Member]
Line of Credit Facility [Line Items]
Extinguishment of Debt, Amount			201,000,000
Gain (Loss) on Extinguishment of Debt			(3,700,000)
Unamortized Debt Issuance Expense			2,600,000
Debt Instrument, Prepayment Penalty			$ 1,100,000