0001564590-20-005044 | 10-K | XBRL Viewer

Leases (Tables)

12 Months Ended

Dec. 31, 2019

Lease cost is summarized in the table below (in thousands):

	Years Ended December 31,
	2019		2018		2017
Operating lease cost ⁽¹⁾	$	7,971	$	7,188	$	6,423

(1) Includes short-term leases and variable lease costs, which were immaterial.

Schedule of Other Information Related to Leases

Other information related to leases was as follows (in thousands, except lease term and discount rate):

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,183
ROU assets obtained in exchange for new lease liabilities:
Operating leases	$	5,612

	December 31, 2019
Weighted-average remaining lease term (years):
Operating leases	4.6
Weighted-average discount rate:
Operating leases		5.7	%

Schedule of Future Minimum Lease Payments and Related Lease Liabilities

Future minimum lease payments and related lease liabilities as of December 31, 2019 were as follows (in thousands):

	Operating Leases
2020	$	6,387
2021		4,558
2022		3,259
2023		3,235
2024		2,619
Thereafter		1,977
Total lease payments		22,035
Less: imputed interest ⁽¹⁾		(2,776	)
Present value of lease liabilities	$	19,259

Less: current obligations under leases (accrued liabilities)		5,845
Noncurrent operating lease liabilities	$	13,414

(1) Calculated using the interest rate for each lease.

Note: Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.

Schedule of Future Minimum Lease Payments

As of December 31, 2018, future minimum lease payments were as follows (in thousands):

	Operating Leases
2019	$	6,341
2020		5,292
2021		3,441
2022		3,047
2023		3,142
Thereafter		3,518
	$	24,781

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (64,033)	$ (1,763)	$ (56,558)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation of property and equipment	6,721	6,676	7,201
Amortization of intangible assets	99,946	108,450	111,930
Stock-based compensation expense	31,554	31,011	33,462
Deferred income tax	(38,611)	(15,578)	(18,294)
Other	2,654	5,322	3,786
Changes in operating assets and liabilities, net of business acquisitions:
Accounts receivable	6,191	(14,381)	(3,551)
Unbilled contracts receivable, net	130,359	25,503	48,168
Other assets	3,675	(950)	3,458
Accounts payable	1,886	(1,469)	(3,298)
Accrued and other liabilities	(8,679)	(8,915)	19,170
Deferred revenue	(2,410)	1,227	1,791
Net cash from operating activities	169,253	135,133	147,265
Cash flows from investing activities:
Purchases of property and equipment	(8,813)	(3,338)	(3,323)
Proceeds from sale of property and equipment	55	0	235
Purchases of short-term investments	(40,008)	(20,095)	(33,102)
Proceeds from sales of short-term investments	6,833	8,540	1,035
Proceeds from maturities of short-term investments	27,290	30,925	16,487
Acquisition of business, net of cash acquired	0	(500)	0
Purchases of intangible assets	(4,500)	(4,100)	(176)
Net cash from investing activities	(19,143)	11,432	(18,844)
Cash flows from financing activities:
Repayment of debt	(150,000)	(100,000)	(6,000)
Contingent consideration payments after acquisition	(1,200)	(419)	0
Dividend paid	(39,502)	(39,187)	(39,509)
Proceeds from exercise of stock options	695	8,008	4,873
Proceeds from employee stock purchase program	5,329	5,196	4,132
Repurchases of common stock	(4,506)	(44,798)	(19,283)
Net cash from financing activities	(189,184)	(171,200)	(55,787)
Net increase (decrease) in cash and cash equivalents	(39,074)	(24,635)	72,634
Cash and cash equivalents at beginning of period	113,625	138,260	65,626
Cash and cash equivalents at end of period	74,551	113,625	138,260
Supplemental disclosure of cash flow information:
Interest paid	20,891	23,134	28,068
Income taxes paid, net of refunds	$ 15,001	$ 23,679	$ 15,678

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue:
Total revenue	$ 280,067	$ 406,133	$ 373,732
Operating expenses:
Cost of revenue	8,460	13,291	6,308
Research, development and other related costs	112,345	106,406	105,849
Selling, general and administrative	122,897	127,907	144,649
Amortization expense	99,946	108,450	111,930
Litigation expense	5,127	26,099	36,496
Total operating expenses	348,775	382,153	405,232
Operating income (loss)	(68,708)	23,980	(31,500)
Interest expense	(23,377)	(25,665)	(28,292)
Other income and expense, net	9,028	8,595	1,449
Income (loss) before taxes	(83,057)	6,910	(58,343)
Provision for (benefit from) income taxes	(19,024)	8,673	(1,785)
Net loss	(64,033)	(1,763)	(56,558)
Less: Net loss attributable to noncontrolling interest	(1,503)	(1,474)
Net loss attributable to Xperi	$ (62,530)	$ (289)	$ (56,558)
Loss per share attributable to Xperi:
Basic	$ (1.27)	$ (0.01)	$ (1.15)
Diluted	$ (1.27)	$ (0.01)	$ (1.15)
Weighted average number of shares used in per share calculations-basic	49,120	48,823	49,251
Weighted average number of shares used in per share calculations-diluted	49,120	48,823	49,251
Royalty and License Fees
Revenue:
Total revenue	$ 280,067	$ 406,133	$ 373,732

Revenue - Revenue Recognized in Period (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue From Contract With Customer [Abstract]
Amounts included in deferred revenue at the beginning of the period	$ 3,130	$ 2,347
Performance obligations satisfied in previous periods (true ups and licensee reporting adjustments)	$ 2,935	$ 1,323

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Leases [Abstract]
Operating lease cost	$ 7,971	$ 7,188	$ 6,423

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended			58 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Statement Of Stockholders Equity [Abstract]
Cash dividends paid on common stock, price per share	$ 0.80	$ 0.80	$ 0.80	$ 0.20

Acquisitions, Goodwill and Identified Intangible Assets - Schedule of Changes to Carrying Value of Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
Acquisitions Goodwill And Identified Intangible Assets [Abstract]
Goodwill, beginning	$ 385,574
Goodwill acquired through a business acquisition	210
Goodwill, ending	$ 385,784

Recent Accounting Pronouncements (Narrative) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jan. 01, 2018

Mar. 31, 2019

Dec. 31, 2019

Jan. 01, 2019

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Cumulative impact of adjustment to retained earnings

$ (2,900)

$ (2,859)

^[1]

Operating lease, right-of-use asset

17,786

$ 17,600

Operating lease liability

19,259

$ 18,800

Retained Earnings

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Cumulative impact of adjustment to retained earnings

^[1]

$ (2,859)

ASU 2014-09 | Retained Earnings

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Cumulative impact of adjustment to retained earnings

$ 224,000

[1]	Refer to “Note 1 – The Company and Basis of Presentation.”

Fair Value

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value

NOTE 7 – FAIR VALUE

The Company follows the authoritative guidance for fair value measurement and the fair value option for financial assets and financial liabilities. The Company carries its financial instruments at fair value with the exception of its long-term debt. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability, or an exit price, in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The established fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value:

Level 1

Quoted prices in active markets for identical assets.

Level 2

Observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3

Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

When applying fair value principles in the valuation of assets, the Company is required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company calculates the fair value of its Level 1 and Level 2 instruments based on the exchange traded price of similar or identical instruments, where available, or based on other observable inputs. There were no significant transfers into or out of Level 1 or Level 2 that occurred between December 31, 2018 and December 31, 2019.

The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of December 31, 2019 (in thousands):

	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds - equity securities (1)	$	2,601	$	2,601	$	—	$	—
Marketable equity securities (2)		1,124		1,124		—		—
Corporate bonds and notes - debt securities (2)		41,746		—		41,746		—
Commercial paper - debt securities (2)		4,056		—		4,056		—
Total Assets	$	49,527	$	3,725	$	45,802	$	—

(1) Reported as cash and cash equivalents in the Consolidated Balance Sheet.

(2) Reported as short-term investments in the Consolidated Balance Sheet.

	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds - equity securities (1)	$	11,499	$	11,499	$	—	$	—
Marketable equity securities (2)		3,445		3,445		—		—
Commercial paper - debt securities (2)		2,999		—		2,999		—
Corporate bonds and notes - debt securities (2)		28,348		—		28,348		—
Treasury and agency notes and bills - debt securities (2)		5,947		—		5,947		—
Total Assets	$	52,238	$	14,944	$	37,294	$	—

(1) Reported as cash and cash equivalents in the Consolidated Balance Sheet.

(2) Reported as short-term investments in the Consolidated Balance Sheet.

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

The Company’s long-term debt is carried at historical cost and is measured at fair value on a quarterly basis for disclosure purposes. The carrying amounts and estimated fair values are as follows (in thousands):

December 31, 2019

December 31, 2018

Carrying

Amount

Estimated Fair

Value

Carrying

Amount

Estimated Fair

Value

Long-term debt, net ⁽¹⁾

334,679

335,642

482,193

450,083

(1) Carrying amounts of long-term debt are net of unamortized debt issuance costs of $9.3 million and $11.8 million as of December 31, 2019 and December 31, 2018, respectively. See “Note 10 – Debt” for additional information.

The Company’s long-term debt, net, is classified within Level 2. The fair value of the debt was estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the Company for debt of the same remaining maturities.

Non-Recurring Fair Value Measurements

The following table represents the activity in level 3 assets (in thousands):

	Assets held for sale		Other
Balance at December 31, 2017	$	—	$	5,944	(1)
Assets transferred		—		—
Assets sold		—		—
Assets received		—		—
Balance at December 31, 2018	$	—	$	5,944
Assets transferred		—		—
Assets sold		—		—
Assets received		—		—
Balance at December 31, 2019	$	—	$	5,944	(2)

(1) This amount represents the value of the patents that were received as part of licensing settlements with customers in 2014, 2016 and 2017. These assets were valued during the same year using a cost methodology based on an arms-length purchase price of bulk patent assets, with adjustments based on limited pick rights, the total available market, and remaining average patent life.

(2) The accumulated amortization associated with the patents was $4.0 million and $3.3 million as of December 31, 2019 and 2018, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Financial Instruments - Fair Value and Gross Unrealized Losses Related to Individual Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	$ 20,031	$ 8,487
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(10)	(2)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value	8,753	28,807
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses	(3)	(326)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	28,784	37,294
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	(13)	(328)
Corporate bonds and notes
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	20,031	5,488
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(10)	(2)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value	8,753	22,860
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses	(3)	(273)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	28,784	28,348
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	$ (13)	(275)
Treasury and agency notes and bills
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value		5,947
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses		(53)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		5,947
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses		(53)
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value		2,999
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		2,999
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses		$ 0

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Denominator:
Weighted average common shares outstanding (in shares)	49,120	48,823	49,253
Unvested common shares subject to repurchase (in shares)	0	0	(2)
Total common shares-basic (in shares)	49,120	48,823	49,251
Effect of dilutive securities:
Options (in shares)	0	0	0
Restricted stock awards and units (in shares)	0	0	0
Total common shares-diluted (in shares)	49,120	48,823	49,251

Shareholders' Equity - Summary of Restricted Stock Awards and Units (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Time-Based Restricted Stock Award and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards and units, beginning balance (shares)	2,149	2,014	1,696
Restricted stock awards and units, granted (shares)	1,266	1,087	1,049
Restricted stock awards and units, vested / earned (shares)	(865)	(695)	(581)
Restricted stock awards and units, canceled / forfeited (shares)	(179)	(257)	(150)
Restricted stock awards and units, ending balance (shares)	2,371	2,149	2,014
Performance-Based Restricted Stock Award and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards and units, beginning balance (shares)	757	1,119	384
Restricted stock awards and units, granted (shares)	4	44	919
Restricted stock awards and units, vested / earned (shares)	(118)	(176)	(94)
Restricted stock awards and units, canceled / forfeited (shares)	(89)	(230)	(90)
Restricted stock awards and units, ending balance (shares)	554	757	1,119
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock awards and units, beginning balance (shares)	2,906	3,133	2,080
Restricted stock awards and units, granted (shares)	1,270	1,131	1,968
Restricted stock awards and units, vested / earned (shares)	(983)	(871)	(675)
Restricted stock awards and units, canceled / forfeited (shares)	(268)	(487)	(240)
Restricted stock awards and units, ending balance (shares)	2,925	2,906	3,133
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value per share of restricted stock and units, beginning balance (USD per share)	$ 29.10	$ 33.35	$ 33.91
Weighted average grant date fair value per share of restricted stock and units, granted (USD per share)	22.79	21.85	32.60
Weighted average grant date fair value per share of restricted stock and units, vested / earned (USD per share)	30.62	34.84	33.70
Weighted average grant date fair value of restricted stock and units, canceled / forfeited (USD per share)	27.53	29.35	31.07
Weighted average grant date fair value per share of restricted stock and units, ending balance (USD per share)	$ 25.99	$ 29.10	$ 33.35

Acquisitions, Goodwill and Identified Intangible Assets - Estimated Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Acquisitions Goodwill And Identified Intangible Assets [Abstract]
2020	$ 88,793
2021	81,084
2022	32,645
2023	21,766
2024	5,463
Thereafter	2,524
Net	$ 232,275

Revenue - Performance Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 6,672	$ 5,369
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 5,337	$ 3,080
Performance obligations expected to be satisfied, expected timing	1 year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 990	$ 2,289
Performance obligations expected to be satisfied, expected timing	1 year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 345
Performance obligations expected to be satisfied, expected timing

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments on Recurring Basis (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Term B Loan Facility
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Unamortized debt issuance costs	$ 9.3	$ 11.8

Segment and Geographic Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment and Geographic Information

NOTE 16 – SEGMENT AND GEOGRAPHIC INFORMATION

The Company reports its financial results within two reportable segments: (1) Product Licensing and (2) Semiconductor and IP Licensing. There are certain corporate overhead costs that are not allocated to these reportable segments because these operating amounts are not considered in evaluating the operating performance of the Company’s business segments.

The Chief Executive Officer is also the Chief Operating Decision Maker (“CODM”) as defined by the authoritative guidance on segment reporting.

The Product Licensing segment is comprised of the Company’s audio and imaging businesses, which the Company licenses through the DTS, HD Radio, and IMAX Enhanced brands. These licenses typically include the delivery of software and/or hardware-based solutions to the Company’s customers or to their suppliers. Product Licensing revenue is derived primarily from sales into the home, automotive and mobile markets.

The Semiconductor and IP Licensing segment includes our Tessera, Invensas and Invensas Bonding Technologies subsidiaries, which license semiconductor packaging and interconnect technologies and associated IP. Semiconductor and IP Licensing revenue is derived from technology and IP licenses to semiconductor companies, foundries and packaging companies. The Company has a long history of developing and monetizing next-generation technologies, including chip-scale and multi-chip packaging solutions as well as low-temperature wafer and die bonding solutions. Today, the Company is actively developing and licensing 3D semiconductor packaging, interconnect and bonding solutions for semiconductors that are used in every day products such as smartphones, tablets, and laptops as well as servers used in datacenters. The Company also provides engineering services to its customers to assist them in their evaluation and adoption of the Company’s technologies including the transition into high volume production.

The Company does not identify or allocate assets by reportable segment, nor does the CODM evaluate reportable segments using discrete asset information. Reportable segments do not record inter-segment revenue and accordingly there are none to report. The Company does not allocate other income and expense to reportable segments. Although the CODM uses operating income to evaluate reportable segments, operating costs included in one segment may benefit other segments.

The following table sets forth the Company’s segment revenue, operating expenses and operating income (loss) for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	Years Ended December 31,
	2019			2018			2017
Revenue:
Product licensing segment	$	198,124		$	219,708		$	167,923
Semiconductor and IP licensing segment		81,943			186,425			205,809
Total revenue		280,067			406,133			373,732
Operating expenses:
Product licensing segment		181,804			180,727			172,745
Semiconductor and IP licensing segment		44,074			73,519			87,838
Unallocated operating expenses (1)		122,897			127,907			144,649
Total operating expenses		348,775			382,153			405,232
Operating income (loss):
Product licensing segment		16,320			38,981			(4,822	)
Semiconductor and IP licensing segment		37,869			112,906			117,971
Unallocated operating expenses (1)		(122,897	)		(127,907	)		(144,649	)
Total operating income (loss)	$	(68,708	)	$	23,980		$	(31,500	)

(1) Unallocated operating expenses consist primarily of selling, general and administrative expenses and stock-based compensation. These expenses are not allocated because these amounts are not considered in evaluating the operating performance of the Company’s business segments.

Amortization and depreciation are included in segment operating income (loss) as shown below (in thousands):

	Years Ended December 31,
	2019		2018		2017
Amortization and depreciation:
Product licensing segment	$	93,403	$	93,582	$	95,823
Semiconductor and IP licensing segment		13,264		21,544		23,308
Total amortization and depreciation	$	106,667	$	115,126	$	119,131

A significant portion of the Company’s revenue is derived from licensees headquartered outside of the U.S., principally in Asia, and it is expected that this revenue will continue to account for a significant portion of total revenues in future periods. The table below lists the geographic revenue from continuing operations for the periods indicated (in thousands):

	Years Ended December 31,
	2019					2018					2017
Japan	$	85,833		31	%	$	88,513		22	%	$	81,688		22	%
Korea		74,790		27			209,245		51			50,155		13
U.S.		74,469		26			53,245		13			164,846		44
Europe and Middle East		19,638		7			31,864		8			13,632		4
Other		25,337		9			23,266		6			63,411		17
	$	280,067	100%			$	406,133	100%			$	373,732	100%

For the years ended December 31, 2019, 2018, and 2017, two, two and two customers, respectively, each accounted for 10% or more of total revenue.

As of December 31, 2019, 2018 and 2017 property and equipment, net, by geographical area are presented below (in thousands):

	December 31,
	2019		2018		2017
U.S.	$	28,273	$	29,123	$	32,862
Europe		4,391		1,533		1,019
Asia and other		213		381		561
Total	$	32,877	$	31,037	$	34,442

Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) customer	Dec. 31, 2018 USD ($) customer
Concentration Risk [Line Items]
Allowance for doubtful accounts \| $	$ 566	$ 779
Aggregate trade receivables \| Credit Concentration Risk
Concentration Risk [Line Items]
Number of customers, concentration of risk disclosure \| customer	3	2
Customer One \| Aggregate trade receivables \| Credit Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage (or more)	17.00%	17.00%
Customer Two \| Aggregate trade receivables \| Credit Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage (or more)	14.00%	11.00%
Customer Three \| Aggregate trade receivables \| Credit Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage (or more)	11.00%

Financial Instruments - Estimated Fair Value of Marketable Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Due in one year or less	$ 29,491
Due in one to two years	16,311
Total	$ 45,802	$ 37,294

Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 15 – COMMITMENTS AND CONTINGENCIES

Leases

The Company leases office and research facilities and office equipment under operating leases which expire at various dates through 2028. The terms of some of the Company’s leases provide for rental payments on a graduated scale. Lease expense is recorded on a straight-line basis over the lease term. For further details, refer to “Note 8 – Leases.”

Purchase and Other Commitments

Under certain contractual arrangements, the Company may be obligated to pay up to approximately $10.7 million over an estimated period of approximately five years if certain milestones are achieved.

Contingencies

At each reporting period, the Company evaluates whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable under the provisions of the authoritative guidance that addresses accounting for contingencies. The Company is currently unable to predict the final outcome of lawsuits to which it is a party and therefore cannot determine the likelihood of loss nor estimate a range of possible loss. An adverse decision in any of these proceedings could significantly harm the Company’s business and consolidated financial position, results of operations or cash flows.

The Company and its subsidiaries are involved in litigation matters and claims in the normal course of business. In the past, the Company and its subsidiaries have litigated to enforce their respective patents and other intellectual property rights, to enforce the terms of license agreements, to protect trade secrets, to determine the validity and scope of the proprietary rights of others and to defend themselves or their customers against claims of infringement or invalidity. The Company expects to be involved, either directly or through its subsidiaries, in similar legal proceedings in the future, including proceedings regarding infringement of its patents, and proceedings to ensure proper and full payment of royalties by customers under the terms of its license agreements.

The existing and any future legal actions may harm the Company’s business. For example, an adverse decision in any of these legal actions could result in a loss of the Company’s proprietary rights; reduce or limit the value of the Company’s licensed technology; negatively impact the Company’s stock price, its business, consolidated financial position, results of operations, royalties, billings, or cash flows; subject the Company to significant liabilities; or require the Company to seek licenses from others. Furthermore, legal actions could cause an existing customer or strategic partner to cease making royalty or other payments to the Company, or to challenge the validity and enforceability of patents owned by the Company’s subsidiaries or the scope of license agreements with the Company’s subsidiaries, and could significantly damage the Company’s relationship with such customer or strategic partner and, as a result, prevent the adoption of the Company’s other technologies by such customer or strategic partner. Litigation could also severely disrupt or shut down the business operations of customers or strategic partners of the Company’s subsidiaries, which in turn would significantly harm ongoing relations with them and cause the Company to lose royalty revenue.

The costs associated with legal proceedings are typically high, relatively unpredictable, and not completely within the Company’s control. These costs may be materially higher than expected, which could adversely affect the Company’s operating results and lead to volatility in the price of its common stock. Whether or not determined in the Company’s favor or ultimately settled, litigation diverts managerial, technical, legal, and financial resources from the Company’s business operations.

Recent Accounting Pronouncements - Cumulative Effect of Changes made to Consolidated Balance Sheet for Adoption of Topic 842 (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Assets
Operating lease right-of-use assets	$ 17,786	$ 17,600
Liabilities
Accrued liabilities	41,433		$ 45,336
Noncurrent operating lease liabilities	$ 13,414
Accounting Standards Update 2016-02
Assets
Operating lease right-of-use assets		17,594
Liabilities
Accrued liabilities		49,194
Noncurrent operating lease liabilities		13,736
Adjustments Due to Topic 842 \| Accounting Standards Update 2016-02
Assets
Operating lease right-of-use assets		17,594
Liabilities
Accrued liabilities		3,858
Noncurrent operating lease liabilities		$ 13,736

Composition of Certain Financial Statement Captions - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Prepaid income taxes	$ 2,364	$ 6,768
Prepaid expenses	8,802	8,293
Other	2,569	2,373
Other current assets, total	$ 13,735	$ 17,434

Stock-Based Compensation Expense - Schedule of Assumptions Used to Value Options Granted (Parenthetical) (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Options granted (shares)	0	0	70,000

Composition of Certain Financial Statement Captions - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 64,165	$ 58,723
Less: Accumulated depreciation and amortization	(31,288)	(27,686)
Property and equipment, net	32,877	31,037	$ 34,442
Equipment, furniture and other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	32,504	28,798
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	18,258	18,258
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,300	5,300
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,103	$ 6,367

Summary of Significant Accounting Policies - Identifiable Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2019
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	15 years

Composition of Certain Financial Statement Captions - Schedule of Other Income and Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Interest income from significant financing components under Topic 606	$ 280,067	$ 406,133	$ 373,732
Interest income from investments	2,359	1,074
Realized and unrealized gain (loss) on marketable equity securities	10	(2,217)
Other income	897	2,066
Other income and expense, net	9,028	8,595	$ 1,449
Financing
Disaggregation of Revenue [Line Items]
Interest income from significant financing components under Topic 606	$ 5,762	$ 7,672

Leases - Additional Information (Details)	12 Months Ended
Leases - Additional Information (Details)	Dec. 31, 2019
Lessee Lease Description [Line Items]
Operating lease existence of option to extend	true
Operating lease description	The Company’s leases have remaining lease terms of one year to nine years, some of which may include options to extend the leases for five years or longer, and some of which may include options to terminate the leases within one year or less. Leases with an initial term of 12 months or less are not recorded on the balance sheet
Minimum
Lessee Lease Description [Line Items]
Remaining lease term	1 year
Lessee term of period to extend	5 years
Maximum
Lessee Lease Description [Line Items]
Remaining lease term	9 years

Segment and Geographic Information - Additional Information (Details) - segment	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Number of reportable segments	2
Total Revenue \| Customer Concentration Risk \| Customer Two
Segment Reporting Information [Line Items]
Concentration risk, percentage (or more)	10.00%	10.00%	10.00%

Debt

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt

NOTE 10 – DEBT

On December 1, 2016, in connection with the consummation of the acquisition of DTS, the Company entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, Royal Bank of Canada, as administrative agent and collateral agent, and the lenders party thereto. The Credit Agreement provided for a $600 million seven-year term B loan facility (the “Term B Loan Facility”) which matures on November 30, 2023. Upon the closing of the Credit Agreement, the Company borrowed $600 million under the Term B Loan facility. Net proceeds were used on December 1, 2016, together with cash and cash equivalents, to finance the acquisition of DTS.

On January 23, 2018, the Company and the loan parties entered into an amendment to the Credit Agreement (the “Amendment”). In connection with the Amendment, the Company made a voluntary prepayment of $100.0 million of the term loan outstanding under the Credit Agreement using cash on hand. The Amendment provided for, among other things, (i) a replacement of the outstanding initial term loan with the new tranche term B-1 loan (the “Amended Term B Loan”) in a principal amount of $494.0 million, (ii) a reduction of the interest rate margin applicable to such loan to (x) in the case of Eurodollar loans, 2.50% per annum and (y) in the case of base rate loans, 1.50% per annum, (iii) a prepayment premium of 1.00% in connection with any repricing transaction with respect to the Amended Term B Loan within six months of the closing date of the Amendment, and (iv) certain amendments to provide the Company with additional flexibility under the covenant governing restricted payments. Using cash on hand, the Company made three voluntary prepayments totaling $150.0 million during 2019.

The Company’s obligations under the Credit Agreement, as amended by the Amendment, continue to be guaranteed by substantially all of the Company’s subsidiaries, and secured by substantially all of the assets of the Company and its subsidiaries. The Credit Agreement contains customary events of default, upon the occurrence of which, after any applicable grace period, the lenders will have the ability to accelerate all outstanding loans thereunder. The Credit Agreement contains customary representations and warranties and affirmative and negative covenants that, among other things, restrict the ability of the Company to create or incur certain liens, incur or guarantee additional indebtedness, merge or consolidate with other companies, transfer or sell assets and make restricted payments. The Company was in compliance with all requirements during the year ended December 31, 2019.

At December 31, 2019, $344.0 million was outstanding with an interest rate, including the amortization of debt issuance costs, of 5.4%. Interest is payable monthly. There were also $9.3 million of unamortized debt issuance costs recorded as a reduction of the long-term portion of the debt. At December 31, 2018, $494 million was outstanding with unamortized debt issuance costs amounting to $11.8 million. Interest expense was $23.4 million and $25.7 million for the years ended December 31, 2019 and 2018, respectively. Amortized debt issuance costs, which were included in interest expense, amounted to $2.5 million and $2.5 million for the years ended December 31, 2019 and 2018, respectively.

As of December 31, 2019, future minimum principal payments for long-term debt, including the current portion, are summarized as follows (in thousands):

2020	$	—
2021		—
2022		—
2023		344,000
Thereafter		—
Total	$	344,000

Additional payments of debt principal must be made in the event of certain working capital conditions as outlined in the Credit Agreement. There are no penalties for these payments. There were no such additional payments made during the years ended December 31, 2019 and 2018, respectively.

As disclosed in “Note 1 – The Company and Basis of Presentation”, in connection with the planned merger with TiVo, the Company and TiVo intend to refinance each company’s debt on a combined basis upon closing of the transaction, which is currently expected in the second quarter of 2020. To meet this objective, the companies have secured $1.1 billion of committed financing as described in “Note 1.”

Debt - Narrative (Details) - USD ($)			12 Months Ended
Debt - Narrative (Details) - USD ($)	Jan. 23, 2018	Dec. 01, 2016	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 18, 2019
Line of Credit Facility [Line Items]
Borrowings			$ 344,000,000
Voluntary prepayment against the term loan	$ 100,000,000.0		150,000,000	$ 100,000,000	$ 6,000,000
Interest expense			23,377,000	25,665,000	$ 28,292,000
Term B Loan Facility
Line of Credit Facility [Line Items]
Borrowing capacity	$ 494,000,000.0	$ 600,000,000				$ 1,100,000,000
Debt instrument, maturity date		Nov. 30, 2023
Borrowings		$ 600,000,000	$ 344,000,000.0	494,000,000
Debt instrument, prepayment premium	1.00%
Interest rate			5.40%
Unamortized debt issuance costs			$ 9,300,000	11,800,000
Interest expense			23,400,000	25,700,000
Amortization of debt issuance costs			2,500,000	2,500,000
Penalties for additional payments of debt principal			0
Additional payments of debt principal			$ 0	$ 0
Term B Loan Facility \| Eurodollar
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Term B Loan Facility \| Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Term B Loan Facility \| Royal Bank of Canada
Line of Credit Facility [Line Items]
Borrowing capacity		$ 600,000,000
Loan facility, term		7 years

Benefit Plan - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Company contributions to 401(k) Plan	$ 3.0	$ 2.9	$ 2.4

Summary of Significant Accounting Policies - Long-Lived Assets (Details)	12 Months Ended
	Dec. 31, 2019
Equipment, furniture and other \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	1 year
Equipment, furniture and other \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Building and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years

Shareholders' Equity - Additional Information (Details)	12 Months Ended			58 Months Ended	149 Months Ended
Shareholders' Equity - Additional Information (Details)	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 $ / shares	Dec. 31, 2017 $ / shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount \| $	$ 450,000,000.0			$ 450,000,000.0	$ 450,000,000.0
Treasury stock, total repurchase during period (in shares) \| shares	0				13,279,000
Treasury stock, average price of share repurchased (in dollars per share) \| $ / shares					$ 26.25
Treasury stock, total cost of repurchased stock \| $					$ 348,600,000
Stock repurchase program, remaining amount available for repurchase \| $	$ 101,400,000			$ 101,400,000	$ 101,400,000
Dividends paid (usd per share) \| $ / shares	$ 0.80	$ 0.80	$ 0.80	$ 0.20
Cash dividends declared per share (in dollars per share) \| $ / shares	$ 0.80	$ 0.80	$ 0.80
Shares available for future grant \| shares	0			0	0
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	24 months
Shares reserved for grant (in shares) \| shares	1,052,000			1,052,000	1,052,000
Maximum employee subscription rate	20.00%			20.00%	20.00%
Purchase price of common stock, percent	85.00%
Maximum employee subscription amount \| $	$ 25,000			$ 25,000	$ 25,000
Rolling expiration period	24 months
Performance Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance awards, percentage of grant available to vest	0.00%
Performance Shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance awards, percentage of grant available to vest	100.00%
2003 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive stock options granted to employees at exercise price	110.00%
Voting power of all classes of stock of the Company	10.00%
Expiration period	10 years
Vesting period	4 years
2003 Plan \| Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive stock options granted to employees at exercise price	100.00%
Shares reserved for grant (in shares) \| shares	2,100,000			2,100,000	2,100,000
2003 Plan \| Non Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive stock options granted to employees at exercise price	85.00%
2003 Plan \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Reduction to shares reserved for grant, ratio	0.015

Stock-Based Compensation Expense - Schedule of Assumptions Used to Value Options Granted (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)	2 years	2 years	2 years
Employee stock purchase plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate	1.70%	2.20%	1.20%
Dividend yield	3.50%	3.60%	2.00%
Expected volatility	51.70%	39.40%	28.30%
Employee stock purchase plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate	2.50%	2.70%	1.30%
Dividend yield	5.40%	3.90%	2.50%
Expected volatility	53.40%	41.70%	30.80%
Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)			4 years 8 months 12 days
Risk-free interest rate			1.80%
Dividend yield			2.90%
Expected volatility			29.80%

Composition of Certain Financial Statement Captions

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Composition of Certain Financial Statement Captions

NOTE 5 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS

Other current assets consisted of the following (in thousands):

	December 31,
	2019		2018
Prepaid income taxes	$	2,364	$	6,768
Prepaid expenses		8,802		8,293
Other		2,569		2,373
	$	13,735	$	17,434

Property and equipment, net consisted of the following (in thousands):

	December 31,
	2019			2018
Equipment, furniture and other	$	32,504		$	28,798
Building and improvements		18,258			18,258
Land		5,300			5,300
Leasehold improvements		8,103			6,367
		64,165			58,723
Less: Accumulated depreciation and amortization		(31,288	)		(27,686	)
	$	32,877		$	31,037

Depreciation and amortization expense for the years ended December 31, 2019, 2018 and 2017 amounted to $6.7 million, $6.7 million and $7.2 million, respectively.

Other assets consisted of the following (in thousands):

	December 31,
	2019		2018
Non-current income tax receivable (1)	$	64,570	$	—
Other assets		3,106		3,081
	$	67,676	$	3,081

(1)

See “Note 14 - Income Taxes” for detailed information concerning the year-over-year changes.

Accrued liabilities consisted of the following (in thousands):

	December 31,
	2019		2018
Employee compensation and benefits	$	18,404	$	26,858
Third-party royalties		6,165		7,140
Accrued expenses		7,930		3,994
Current portion of operating lease liabilities		5,845		—
Other		3,089		7,344
	$	41,433	$	45,336

Other long-term liabilities consisted of the following (in thousands):

	December 31,
	2019		2018
Long-term income tax payable (1)	$	76,767	$	15,493
Other		131		130
	$	76,898	$	15,623

(1)

See “Note 14 - Income Taxes” for detailed information concerning the year-over-year changes.

Accumulated other comprehensive loss consisted of the following (in thousands):

	December 31,
	2019			2018
Net unrealized loss on available-for-sale debt securities, net of tax	$	(53	)	$	(328	)
	$	(53	)	$	(328	)

Other income and expense, net, consisted of the following (in thousands):

	Years Ended December 31,
	2019		2018
Interest income from significant financing components under Topic 606	$	5,762	$	7,672
Interest income from investments		2,359		1,074
Realized and unrealized gain (loss) on marketable equity securities		10		(2,217	)
Other income		897		2,066
	$	9,028	$	8,595

Shareholders' Equity - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of Shares Subject to Options
Number of Shares, Beginning balance (shares)	678	1,172	1,332
Number of Shares, Options granted (shares)			70
Number of Shares, Options exercised (shares)	(42)	(427)	(180)
Number of Shares, Options canceled / forfeited / expired (shares)	(31)	(67)	(50)
Number of Shares, Ending balance (shares)	605	678	1,172
Vested and expected to vest, number of shares subject to options	601
Exercisable, number of shares subject to options	560
Weighted Average Exercise Price Per Share
Weighted Average Exercise Price Per Share, Beginning balance (USD per share)	$ 26.39	$ 24.06	$ 24.41
Weighted Average Exercise Price Per Share, Options granted (USD per share)			22.45
Weighted Average Exercise Price Per Share, Options exercised (USD per share)	16.66	18.75	23.04
Weighted Average Exercise Price Per Share, Options canceled / forfeited / expired (USD per share)	33.61	34.43	34.73
Weighted Average Exercise Price Per Share, Ending balance (USD per share)	$ 26.68	$ 26.39	$ 24.06
Weighted Average Remaining Contractual Life and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Life (in years)	3 years 9 months 10 days
Vested and expected to vest, weighted average remaining contractual life (in years)	3 years 9 months 7 days
Exercisable, weighted average remaining contractual life (in years)	3 years 5 months 26 days
Aggregate Intrinsic Value	$ 130
Vested and expected to vest, aggregate intrinsic value	130
Exercisable, aggregate intrinsic value	$ 130

Acquisitions, Goodwill and Identified Intangible Assets - Identified Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (459,870)	$ (359,925)
Net	232,275
Intangible assets, gross	692,145	687,645
Intangible assets, net	$ 232,275	327,720
Minimum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	15 years
Acquired patents / core technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 151,184	146,684
Accumulated Amortization	(135,952)	(128,691)
Net	$ 15,232	17,993
Acquired patents / core technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	3 years
Acquired patents / core technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	15 years
Existing technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 206,878	206,878
Accumulated Amortization	(130,890)	(96,089)
Net	$ 75,988	110,789
Existing technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	5 years
Existing technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	10 years
Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 291,769	291,769
Accumulated Amortization	(174,741)	(121,831)
Net	$ 117,028	169,938
Customer contracts and related relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	3 years
Customer contracts and related relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	9 years
Trademarks/trade name
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 40,083	40,083
Accumulated Amortization	(16,056)	(11,083)
Net	$ 24,027	29,000
Trademarks/trade name \| Minimum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	4 years
Trademarks/trade name \| Maximum
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	10 years
Non-competition agreements
Finite-Lived Intangible Assets [Line Items]
Average Life (Years)	1 year
Finite-lived intangible assets, gross	$ 2,231	2,231
Accumulated Amortization	$ (2,231)	(2,231)
Net		$ 0

Stock-Based Compensation Expense

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation Expense

NOTE 13 – STOCK-BASED COMPENSATION EXPENSE

The effect of recording stock-based compensation expense for the years ended December 31, 2019, 2018 and 2017 is as follows (in thousands):

	Years Ended December 31,
	2019			2018			2017
Cost of revenue	$	—		$	—		$	—
Research, development and other related costs		14,643			13,168			13,277
Selling, general and administrative		16,911			17,843			20,185
Total stock-based compensation expense		31,554			31,011			33,462
Tax effect on stock-based compensation expense		(5,051	)		(4,869	)		(5,296	)
Net effect on net income	$	26,503		$	26,142		$	28,166

Stock-based compensation expense categorized by various equity components for the years ended December 31, 2019, 2018 and 2017 is summarized in the table below (in thousands):

	Years Ended December 31,
	2019		2018		2017
Employee stock options	$	219	$	438	$	1,980
Restricted stock awards and units		29,031		27,974		28,909
Employee stock purchase plan		2,304		2,599		2,573
Total stock-based compensation expense	$	31,554	$	31,011	$	33,462

During the years ended December 31, 2019, 2018 and 2017, the Company granted stock options covering zero, zero and 70,000 shares, respectively. The 2017 estimated per share fair value of the grant was $4.62 before estimated forfeitures.

The total fair value of restricted stock awards and units vested during the years ended December 31, 2019, 2018 and 2017 was $30.1 million, $30.4 million and $22.7 million, respectively.

The total intrinsic value of options exercised during the years ended December 31, 2019, 2018 and 2017 was $0.2 million, $1.0 million and $5.5 million, respectively. The intrinsic value is calculated as the difference between the market value on the date of exercise and the exercise price of the shares.

As of December 31, 2019, the unrecognized stock-based compensation balance after estimated forfeitures consisted of $0.1 million related to unvested stock options, to be recognized over an estimated weighted average amortization period of 1.5 years, and $40.3 million related to restricted stock awards and units, including performance-based awards and units, to be recognized over an estimated weighted average amortization period of 2.3 years.

As of December 31, 2018, the unrecognized stock-based compensation balance after estimated forfeitures related to unvested stock options was $0.3 million to be recognized over an estimated weighted average amortization period of 2.0 years and $40.6 million related to restricted stock awards and units, including performance-based awards and units, to be recognized over an estimated weighted average amortization period of 2.2 years.

The Company uses the Black-Scholes option pricing model to determine the estimated fair value of options. The fair value of each option grant is determined on the date of grant and the expense is recorded on a straight-line basis. The assumptions used in the model include expected life, volatility, risk-free interest rate, and dividend yield. The Company’s determinations of these assumptions are outlined below.

Expected life – The expected life assumption is based on analysis of the Company’s historical employee exercise patterns. The expected life of options granted under the ESPP represents the offering period of two years.

Volatility – Volatility is calculated using the historical volatility of the Company’s common stock for a term consistent with the expected life. Historical volatility of the Company’s common stock is also utilized for the ESPP.

Risk-free interest rate – The risk-free interest rate assumption is based on the U.S. Treasury rate for issues with remaining terms similar to the expected life of the options.

Dividend yield – Expected dividend yield is calculated based on cash dividends declared by the Board for the previous four quarters and dividing that result by the average closing price of the Company’s common stock for the quarter. Cash dividends are not paid on options, restricted stock units or unvested restricted stock awards.

In addition, the Company estimates forfeiture rates. Forfeitures are estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from those estimates. Historical data is used to estimate pre-vesting option forfeitures and record stock-based compensation expense only for those awards that are expected to vest.

The following assumptions were used to value the awards granted:

	Years Ended December 31,
	2019*		2018*		2017
Expected life (in years)		—		—		4.7
Risk-free interest rate		—		—	1.8%
Dividend yield		—		—	2.9%
Expected volatility		—		—	29.8%

*There were no options granted during the years ended December 31, 2019 and 2018.

The following assumptions were used to value the ESPP shares:

	Years Ended December 31,
	2019		2018		2017
Expected life (years)		2.0		2.0		2.0
Risk-free interest rate	1.7 - 2.5%		2.2 - 2.7%		1.2 - 1.3%
Dividend yield	3.5 - 5.4%		3.6 - 3.9%		2.0 - 2.5%
Expected volatility	51.7 - 53.4%		39.4 - 41.7%		28.3 - 30.8%

For the years ended December 31, 2019, 2018 and 2017, an aggregate of 386,000, 306,000 and 164,000 common shares, respectively, were purchased pursuant to the ESPP.

Modifications

From time to time, the Company enters into consulting agreements with its departing employees. Some of these agreements may include continued vesting of the departing employees’ stock awards and an extension of the exercise period from the standard 90 days from employment termination date to the termination of the consulting agreement. There were no modifications in 2019 and 2018, respectively. In 2017, there was one modification with the impact on the Company’s financial statements deemed not to be material.

Stock-Based Compensation Expense - Effect of Recording Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 31,554	$ 31,011	$ 33,462
Tax effect on stock-based compensation expense	(5,051)	(4,869)	(5,296)
Net effect on net income	26,503	26,142	28,166
Cost of revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	0	0	0
Research, development and other related costs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	14,643	13,168	13,277
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 16,911	$ 17,843	$ 20,185

Financial Instruments

12 Months Ended

Dec. 31, 2019

Investments Debt And Equity Securities [Abstract]

Financial Instruments

NOTE 6 – FINANCIAL INSTRUMENTS

The Company has investments in debt securities which include corporate bonds and notes, treasury and agency notes and bills, commercial paper, certificates of deposit, and in equity securities consisting of money market funds and common equity securities of a publicly traded Japanese company. The Company classifies its debt securities as available-for-sale, which are accounted for at fair value with unrealized gains and losses recognized in accumulated other comprehensive income or loss, net of tax, on the Consolidated Balance Sheets. Under ASU 2016-01 (Topic 321), equity securities are measured at fair value with unrealized gains and losses recognized in other income and expense, net, on the Consolidated Statements of Operations.

The following is a summary of marketable securities at December 31, 2019 and December 31, 2018 (in thousands):

	December 31, 2019
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Values
Marketable securities
Corporate bonds and notes	$	41,730	$	29	$	(13	)	$	41,746
Commercial paper		4,052		4		—			4,056
Total debt securities		45,782		33		(13	)		45,802
Money market funds		2,601		—		—			2,601
Marketable equity securities		3,405		—		(2,281	)		1,124
Total equity securities		6,006		—		(2,281	)		3,725
Total marketable securities	$	51,788	$	33	$	(2,294	)	$	49,527
Reported in:
Cash and cash equivalents								$	2,601
Short-term investments									46,926
Total marketable securities								$	49,527

	December 31, 2018
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Values
Marketable securities
Corporate bonds and notes	$	28,623	$	—	$	(275	)	$	28,348
Commercial paper		2,999		—		—			2,999
Treasury and agency notes and bills		6,000		—		(53	)		5,947
Total debt securities		37,622		—		(328	)		37,294
Money market funds		11,499		—		—			11,499
Marketable equity securities		5,662		—		(2,217	)		3,445
Total marketable securities	$	17,161	$	—	$	(2,217	)	$	14,944
Total marketable securities	$	54,783	$	—	$	(2,545	)	$	52,238
Reported in:
Cash and cash equivalents								$	11,499
Short-term investments									40,739
Total marketable securities								$	52,238

At December 31, 2019 and December 31, 2018, the Company had $121.5 million and $154.4 million, respectively, in cash, cash equivalents and short-term investments. A significant portion of these amounts was held in marketable securities, as shown above. The remaining balance of $72.0 million and $102.1 million at December 31, 2019 and December 31, 2018, respectively, was cash held in operating accounts not included in the tables above.

Debt Securities

The gross realized gains and losses on sales of marketable debt securities were not significant during the years ended December 31, 2019, 2018 and 2017.

Unrealized losses on marketable debt securities were $0.1 million and $0.3 million, net of tax, as of December 31, 2019 and December 31, 2018, respectively. These amounts were related to temporary fluctuations in the value of available-for-sale securities and were due primarily to changes in interest rates and market and credit conditions of the underlying securities. Certain investments with a temporary decline in value are not considered to be other-than-temporarily impaired as of December 31, 2019 because the Company has the intent and ability to hold these investments to allow for recovery, does not anticipate having to sell these securities with unrealized losses and continues to receive interest at the maximum contractual rate. For the years ended December 31, 2019, 2018 and 2017, respectively, the Company did not record any impairment charges related to its marketable securities.

The following table summarizes the fair value and gross unrealized losses related to individual available-for-sale debt securities at December 31, 2019 and 2018, which have been in a continuous unrealized loss position, aggregated by investment category and length of time (in thousands):

December 31, 2019	Less Than 12 Months					12 Months or More					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Corporate bonds and notes	$	20,031	$	(10	)	$	8,753	$	(3	)	$	28,784	$	(13	)
Total	$	20,031	$	(10	)	$	8,753	$	(3	)	$	28,784	$	(13	)

December 31, 2018	Less Than 12 Months					12 Months or More					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Corporate bonds and notes	$	5,488	$	(2	)	$	22,860	$	(273	)	$	28,348	$	(275	)
Treasury and agency notes and bills		—		—			5,947		(53	)		5,947		(53	)
Commercial paper		2,999		—			—		—			2,999		—
Total	$	8,487	$	(2	)	$	28,807	$	(326	)	$	37,294	$	(328	)

The estimated fair value of marketable debt securities by contractual maturity at December 31, 2019 is shown below (in thousands). Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without call or prepayment penalties.

	Estimated Fair Value
Due in one year or less	$	29,491
Due in one to two years		16,311
Due in two to three years		—
Total	$	45,802

Equity Securities

On September 19, 2018, the Company purchased seven million common shares of Onkyo Corporation (“Onkyo”), a publicly traded Japanese company and a long-standing customer of the Company, pursuant to the Capital Alliance Agreement (“Agreement”) entered into between the two parties on September 3, 2018. Upon making the investment, the Company held a 6.3% ownership interest in Onkyo. Due to changes in business expectations, the Company determined not to continue discussions on the business alliance. On July 5, 2019, the Company sold approximately 2.8 million shares of Onkyo stock, for which a realized gain of $0.9 million was recognized for the year ended December 31, 2019. There were no sales of the Onkyo investment during 2018. The Company intends to sell the remaining shares over time depending on market conditions.

The Company recorded unrealized losses on its Onkyo investment of $0.9 million and $2.2 million during the years ended December 31, 2019 and 2018, respectively, and none for the year ended December 31, 2017. Cumulative unrealized losses on the investment amounted to $2.3 million through December 31, 2019.

Derivatives

In the first quarter of 2019, the Company began to use derivative financial instruments to manage foreign currency exchange rate risk. The Company does not enter into derivative transactions for trading purposes. Cash flows from the derivative programs are classified as cash flows from operating activities in the Consolidated Statements of Cash Flows.

The Company’s derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts, which are used primarily to hedge balance sheet and certain expenditure exposures. These instruments are generally short-term in nature, with typical maturities of less than one year, and are subject to fluctuations in foreign exchange rates. Fair values for derivative financial instruments are based on prices computed using third-party valuation models and are classified as Level 2 in accordance with the three-level hierarchy of fair value measurements. All significant inputs to the third-party valuation models are observable in active markets. Inputs include current market-based parameters such as forward rates, yield curves and credit default swap pricing. For additional information related to the three-level hierarchy of fair value measurements, see “Note 7 – Fair Value.”

Under the Company’s policy election, these derivatives are not designated as hedge instruments, and are measured and reported at fair value. Changes in the fair value of these undesignated derivatives are reported in other income and expense, net, on the Consolidated Statements of Operations. Realized losses were not significant in the year ended December 31, 2019. There were no derivative instruments outstanding as of December 31, 2019. The Company did not engage in derivative contracts in 2018 and 2017.

Leases - Schedule of Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Operating Leases
2019	$ 6,341
2020	5,292
2021	3,441
2022	3,047
2023	3,142
Thereafter	3,518
Total	$ 24,781

Schedule II Valuation and Qualifying (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Valuation Allowance of Deferred Tax Assets
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 41,942	$ 32,032	$ 12,847
Charged (Credited) to Expenses	(4,699)	2,794	13,925
Charged (Credited) to Other Accounts		7,116	5,260
Balance at End of Year	37,243	41,942	32,032
Allowance for Doubtful Accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	779	1,181	0
Charged (Credited) to Expenses	(74)	417	2,404
Charged (Credited) to Other Accounts	(139)	(819)	(1,223)
Balance at End of Year	$ 566	$ 779	$ 1,181

Revenue - Performance Obligations (Details 1) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 6,672	$ 5,369

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

A summary of the stock option activity is presented below (in thousands, except per share amounts):

	Options Outstanding
	Number of Shares Subject to Options			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Balance at December 31, 2016		1,332		$	24.41
Options granted		70		$	22.45
Options exercised		(180	)	$	23.04
Options canceled / forfeited / expired		(50	)	$	34.73
Balance at December 31, 2017		1,172		$	24.06
Options granted		—		$	—
Options exercised		(427	)	$	18.75
Options canceled / forfeited / expired		(67	)	$	34.43
Balance at December 31, 2018		678		$	26.39
Options granted		—		$	—
Options exercised		(42	)	$	16.66
Options canceled / forfeited / expired		(31	)	$	33.61
Balance at December 31, 2019		605		$	26.68		3.78	$	130
Vested and expected to vest at December 31, 2019		601					3.77	$	130
Exercisable at December 31, 2019		560					3.49	$	130

Summary of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable under all of the Company’s plans at December 31, 2019:

	Options Outstanding						Options Exercisable
Range of Exercise Prices per Share	Number Outstanding (in thousands)		Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price per Share		Number Exercisable (in thousands)		Weighted Average Exercise Price per Share
$12.52 - $19.24		127		3.44	$	17.86		127	$	17.86
$19.34 - $20.43		139		3.65	$	19.92		139	$	19.92
$20.63 - $22.45		122		5.76	$	22.16		87	$	22.05
$22.52 - $38.65		97		5.20	$	32.30		87	$	33.39
$43.77 - $43.77		120		1.13	$	43.77		120	$	43.77
$12.52 - $43.77		605		3.78	$	26.68		560	$	26.97

Summary of Restricted Stock Awards and Units

Information with respect to outstanding restricted stock awards and units as of December 31, 2019 is as follows (in thousands, except per share amounts):

	Restricted Stock and Restricted Stock Units
	Number of Shares Subject to Time- based Vesting			Number of Shares Subject to Performance- based Vesting			Total Number of Shares			Weighted Average Grant Date Fair Value Per Share
Balance at December 31, 2016		1,696			384			2,080		$	33.91
Awards and units granted		1,049			919			1,968		$	32.60
Awards and units vested / earned		(581	)		(94	)		(675	)	$	33.70
Awards and units canceled / forfeited		(150	)		(90	)		(240	)	$	31.07
Balance at December 31, 2017		2,014			1,119			3,133		$	33.35
Awards and units granted		1,087			44			1,131		$	21.85
Awards and units vested / earned		(695	)		(176	)		(871	)	$	34.84
Awards and units canceled / forfeited		(257	)		(230	)		(487	)	$	29.35
Balance at December 31, 2018		2,149			757			2,906		$	29.10
Awards and units granted		1,266			4			1,270		$	22.79
Awards and units vested / earned		(865	)		(118	)		(983	)	$	30.62
Awards and units canceled / forfeited		(179	)		(89	)		(268	)	$	27.53
Balance at December 31, 2019		2,371			554			2,925		$	25.99

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Payments for certain milestones achieved	$ 10.7
Estimated payment period for contractual obligation	5 years

Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds - equity securities (1)	$	2,601	$	2,601	$	—	$	—
Marketable equity securities (2)		1,124		1,124		—		—
Corporate bonds and notes - debt securities (2)		41,746		—		41,746		—
Commercial paper - debt securities (2)		4,056		—		4,056		—
Total Assets	$	49,527	$	3,725	$	45,802	$	—

(1) Reported as cash and cash equivalents in the Consolidated Balance Sheet.

(2) Reported as short-term investments in the Consolidated Balance Sheet.

	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds - equity securities (1)	$	11,499	$	11,499	$	—	$	—
Marketable equity securities (2)		3,445		3,445		—		—
Commercial paper - debt securities (2)		2,999		—		2,999		—
Corporate bonds and notes - debt securities (2)		28,348		—		28,348		—
Treasury and agency notes and bills - debt securities (2)		5,947		—		5,947		—
Total Assets	$	52,238	$	14,944	$	37,294	$	—

(1) Reported as cash and cash equivalents in the Consolidated Balance Sheet.

(2) Reported as short-term investments in the Consolidated Balance Sheet.

Schedule of Carrying Amounts and Estimated Fair Values

The carrying amounts and estimated fair values are as follows (in thousands):

December 31, 2019

December 31, 2018

Carrying

Amount

Estimated Fair

Value

Carrying

Amount

Estimated Fair

Value

Long-term debt, net ⁽¹⁾

334,679

335,642

482,193

450,083

Fair Value Measurements, Nonrecurring

The following table represents the activity in level 3 assets (in thousands):

	Assets held for sale		Other
Balance at December 31, 2017	$	—	$	5,944	(1)
Assets transferred		—		—
Assets sold		—		—
Assets received		—		—
Balance at December 31, 2018	$	—	$	5,944
Assets transferred		—		—
Assets sold		—		—
Assets received		—		—
Balance at December 31, 2019	$	—	$	5,944	(2)

(2) The accumulated amortization associated with the patents was $4.0 million and $3.3 million as of December 31, 2019 and 2018, respectively.

Segment and Geographic Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total revenue	$ 280,067	$ 406,133	$ 373,732
Total operating expenses	348,775	382,153	405,232
Total operating income (loss)	(68,708)	23,980	(31,500)
Total amortization and depreciation	106,667	115,126	119,131
Operating Segments \| Product Licensing Segment
Segment Reporting Information [Line Items]
Total revenue	198,124	219,708	167,923
Total operating expenses	181,804	180,727	172,745
Total operating income (loss)	16,320	38,981	(4,822)
Total amortization and depreciation	93,403	93,582	95,823
Operating Segments \| Semiconductor and IP Licensing Segment
Segment Reporting Information [Line Items]
Total revenue	81,943	186,425	205,809
Total operating expenses	44,074	73,519	87,838
Total operating income (loss)	37,869	112,906	117,971
Total amortization and depreciation	13,264	21,544	23,308
Unallocated Operating Expenses
Segment Reporting Information [Line Items]
Total operating expenses	122,897	127,907	144,649
Total operating income (loss)	$ (122,897)	$ (127,907)	$ (144,649)

Summary of Future Minimum Principal Payments for Long-term Debt, Including Current Portion (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Debt Disclosure [Abstract]
2023	$ 344,000
Total	$ 344,000

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Total unrecognized tax benefits at January 1	$ 33,552	$ 33,506	$ 30,088
Gross increases and decreases due to tax positions taken in prior periods		(540)	2,457
Gross increases and decreases due to tax positions taken in the current period	54,048	586	961
Gross increases and decreases due to settlements with taxing authorities		0	0
Gross increases and decreases due to lapses in applicable statutes of limitations	(306)	0	0
Total unrecognized tax benefits at December 31	$ 87,294	$ 33,552	$ 33,506

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Income Tax Contingency [Line Items]
Valuation allowance	$ 37,243		$ 41,942
Valuation allowance change in amount	(4,700)
Provisional tax expense		$ 5,600
Remeasurement of U.S. deferred taxes		13,500
Accumulated undistributed earnings generated by foreign subsidiaries	107,300
Income tax receivable, noncurrent	64,570
Unrecognized tax benefits	87,294	33,506	33,552	$ 30,088
Unrecognized tax benefits that would impact the effective income tax rate	82,900		21,300
Unrecognized tax benefits, period decrease	(4,300)
Accrued interest and tax penalties related to unrecognized tax benefits	1,200		$ 900
Korea and Other Business Factors
Income Tax Contingency [Line Items]
Valuation allowance change in amount	(17,000)
Net foreign exchange loss	700
Other Assets \| Korea and Other Business Factors
Income Tax Contingency [Line Items]
Income tax receivable, noncurrent	65,200
Other Long-Term Liabilities \| Korea and Other Business Factors
Income Tax Contingency [Line Items]
Unrecognized tax benefit, non-current	48,200
U.S. Federal Capitalized Research Expenses
Income Tax Contingency [Line Items]
Valuation allowance change in amount	23,200
Federal
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 3,100
Operating loss carryforwards, begin to expire year	2026
Federal \| Research Tax Credit Carryforward \| DTS Inc. & Subsidiaries And Ziptronix Inc.
Income Tax Contingency [Line Items]
Tax credit carryforward	$ 1,700
Tax credit carryforward expiration start year	2034
Tax credit carryforward expiration end year	2035
State
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 66,400
Operating loss carryforwards, begin to expire year	2021
Operating loss carryforwards, expiration end year	2035
State \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward	$ 15,400
Foreign \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward	600
Federal Tax Credits and Remeasurement
Income Tax Contingency [Line Items]
Valuation allowance change in amount	$ (27,900)
Remeasurement of U.S. deferred taxes		$ 7,900
Income tax rate	21.00%

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Components of Income (Loss) Before Income Taxes

The components of total income (loss) before taxes from continuing operations are as follows (in thousands):

	Years Ended December 31,
	2019			2018			2017
U.S.	$	(53,346	)	$	16,684		$	8
Foreign		(29,711	)		(9,774	)		(58,351	)
Total income (loss) before taxes from continuing operations	$	(83,057	)	$	6,910		$	(58,343	)

Components of Provision for Income Taxes

The provision for (benefit from) income taxes consisted of the following (in thousands):

	Years Ended December 31,
	2019			2018			2017
Current:
U.S. federal	$	68,772		$	290		$	(79	)
Foreign		(42,147	)		22,668			16,871
State and local		94			10			77
Total current		26,719			22,968			16,869
Deferred:
U.S. federal		(41,826	)		(10,766	)		(8,390	)
Foreign		(4,145	)		(3,191	)		(10,463	)
State and local		228			(338	)		199
Total deferred		(45,743	)		(14,295	)		(18,654	)
Provision for (benefit from) income taxes	$	(19,024	)	$	8,673		$	(1,785	)

Component of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	December 31,
	2019			2018
Deferred tax assets
Net operating losses	$	10,142		$	10,368
Research tax credits		13,475			14,717
Foreign tax credits		—			27,092
Expenses not currently deductible		14,640			14,623
Basis difference in fixed and intangible assets		3,593			3,494
Capitalized research expenses		23,785			8,965
Gross deferred tax assets		65,635			79,259
Valuation allowance		(37,243	)		(41,942	)
Net deferred tax assets		28,392			37,317
Deferred tax liabilities
Revenue recognition		(32,466	)		(63,367	)
Operating leases		(2,665	)		—
Acquired intangible assets, domestic		(17,165	)		(27,323	)
Acquired intangible assets, foreign		(2,171	)		(7,944	)
Net deferred tax liabilities	$	(26,075	)	$	(61,317	)

Reconciliation of Statutory U.S. Federal Income Tax Rate to Company's Effective Tax

A reconciliation of the statutory U.S. federal income tax rate to the Company’s effective tax rate is as follows:

	Years Ended December 31,
	2019			2018			2017
U.S. federal statutory rate	$	(17,442	)	$	1,451		$	(20,420	)
State, net of federal benefit		281			59			49
Stock-based compensation expense		2,807			3,883			1,706
Executive compensation limitation		411			1,538			—
Research tax credit		(2,038	)		248			(1,851	)
Foreign withholding tax		10,328			33,063			14,719
Transaction costs		974			—			—
Foreign tax rate differential		1,907			474			12,112
Foreign tax credit		(7,795	)		(33,554	)		(13,343	)
Change in valuation allowance		(8,238	)		7,721			13,497
U.S. tax reform		(2,970	)		(6,333	)		(7,868	)
Unrecognized tax benefits		2,994			300			108
Change in estimates		(1,300	)		(10	)		(608	)
Others		1,057			(167	)		114
Total	$	(19,024	)	$	8,673		$	(1,785	)

Reconciliation of Unrecognized Tax Benefits

The reconciliation of the Company’s unrecognized tax benefits for the years ended December 31, 2019, 2018 and 2017 is as follows (in thousands):

	Years Ended December 31,
	2019			2018			2017
Total unrecognized tax benefits at January 1	$	33,552		$	33,506		$	30,088
Gross increases and decreases due to tax positions taken in prior periods		—			(540	)		2,457
Gross increases and decreases due to tax positions taken in the current period		54,048			586			961
Gross increases and decreases due to settlements with taxing authorities		—			—			—
Gross increases and decreases due to lapses in applicable statutes of limitations		(306	)		—			—
Total unrecognized tax benefits at December 31	$	87,294		$	33,552		$	33,506

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2019	Feb. 07, 2020	Jun. 30, 2019
Cover [Abstract]
Entity Registrant Name	XPERI CORPORATION
Trading Symbol	XPER
Entity Central Index Key	0001690666
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		49,861,846
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 732,852,355
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-37956
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-4465732
Entity Address, Address Line One	3025 Orchard Parkway
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95134
City Area Code	408
Local Phone Number	321-6000
Document Annual Report	true
Document Transition Report	false
Security12b Title	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE: None.

Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

Schedule of Revenue Recognized in Period

The following table presents additional revenue and contract disclosures (in thousands):

	Years Ended December 31,
	2019		2018
Revenue recognized in the period from:
Amounts included in deferred revenue at the beginning of the period	$	3,130	$	2,347
Performance obligations satisfied in previous periods (true ups and licensee reporting adjustments)*	$	2,935	$	1,323

*True ups represent the differences between the Company’s quarterly estimates of per unit royalty revenue and actual production/sales-based royalties reported by licensees in the following period. Licensee reporting adjustments represent corrections or revisions to previously reported per unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits.

Schedule of Remaining Performance Obligations

The Company’s remaining revenue under contracts with performance obligations was as follows (in thousands):

	December 31,
	2019		2018
Revenue from contracts with performance obligations expected to be satisfied in:
One year or less	$	5,337	$	3,080
More than one year but less than two years		990		2,289
More than two years		345		—
Total	$	6,672	$	5,369

Shareholders' Equity

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Shareholders' Equity

NOTE 12 – SHAREHOLDERS’ EQUITY

Stock Repurchase Programs

In August 2007, the Company’s Board of Directors (“the Board”) authorized a plan to repurchase the Company’s outstanding shares of common stock dependent on market conditions, share price and other factors. As of December 31, 2019, the total amount authorized for repurchases is $450.0 million. As of December 31, 2019, the Company had repurchased a total of approximately 13,279,000 shares of common stock, since inception of the plan, at an average price of $26.25 per share for a total cost of $348.6 million. There were no repurchases during the year ended December 31, 2019. The shares repurchased are recorded as treasury stock and are accounted for under the cost method. No expiration date has been specified for this plan. As of December 31, 2019, the total amount available for repurchase was $101.4 million.

Stock Option Plans

The 2003 Plan

In February 2003, the Board adopted and the Company’s stockholders approved the 2003 Equity Incentive Plan (“2003 Plan”). Under the 2003 Plan, incentive stock options may be granted to the Company’s employees at an exercise price of no less than 100% of the fair value on the date of grant, and non-statutory stock options may be granted to the Company’s employees, non-employee directors and consultants at an exercise price of no less than 85% of the fair value. In both cases, when the optionees own stock representing more than 10% of the voting power of all classes of stock of the Company, the exercise price shall be no less than 110% of the fair value on the date of grant. Options, restricted stock awards, and restricted stock units granted under this plan generally have a term of ten years from the date of grant and vest over a four-year period. Restricted stock, performance awards, dividend equivalents, deferred stock, stock payments and stock appreciation rights may also be granted under the 2003 Plan either alone, in addition to, or in tandem with any options granted thereunder. Restricted stock awards and units are full-value awards that reduce the number of shares reserved for grant under this plan by one and one-half shares for each share granted. The vesting criteria for restricted stock awards and units is generally the passage of time or meeting certain performance-based objectives, and continued employment through the vesting period generally over four years. As of December 31, 2019, there were approximately 2.1 million shares reserved for future grant under this plan.

A summary of the stock option activity is presented below (in thousands, except per share amounts):

	Options Outstanding
	Number of Shares Subject to Options			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Balance at December 31, 2016		1,332		$	24.41
Options granted		70		$	22.45
Options exercised		(180	)	$	23.04
Options canceled / forfeited / expired		(50	)	$	34.73
Balance at December 31, 2017		1,172		$	24.06
Options granted		—		$	—
Options exercised		(427	)	$	18.75
Options canceled / forfeited / expired		(67	)	$	34.43
Balance at December 31, 2018		678		$	26.39
Options granted		—		$	—
Options exercised		(42	)	$	16.66
Options canceled / forfeited / expired		(31	)	$	33.61
Balance at December 31, 2019		605		$	26.68		3.78	$	130
Vested and expected to vest at December 31, 2019		601					3.77	$	130
Exercisable at December 31, 2019		560					3.49	$	130

The following table summarizes information about stock options outstanding and exercisable under all of the Company’s plans at December 31, 2019:

	Options Outstanding						Options Exercisable
Range of Exercise Prices per Share	Number Outstanding (in thousands)		Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price per Share		Number Exercisable (in thousands)		Weighted Average Exercise Price per Share
$12.52 - $19.24		127		3.44	$	17.86		127	$	17.86
$19.34 - $20.43		139		3.65	$	19.92		139	$	19.92
$20.63 - $22.45		122		5.76	$	22.16		87	$	22.05
$22.52 - $38.65		97		5.20	$	32.30		87	$	33.39
$43.77 - $43.77		120		1.13	$	43.77		120	$	43.77
$12.52 - $43.77		605		3.78	$	26.68		560	$	26.97

Restricted Stock Awards and Units

Information with respect to outstanding restricted stock awards and units as of December 31, 2019 is as follows (in thousands, except per share amounts):

	Restricted Stock and Restricted Stock Units
	Number of Shares Subject to Time- based Vesting			Number of Shares Subject to Performance- based Vesting			Total Number of Shares			Weighted Average Grant Date Fair Value Per Share
Balance at December 31, 2016		1,696			384			2,080		$	33.91
Awards and units granted		1,049			919			1,968		$	32.60
Awards and units vested / earned		(581	)		(94	)		(675	)	$	33.70
Awards and units canceled / forfeited		(150	)		(90	)		(240	)	$	31.07
Balance at December 31, 2017		2,014			1,119			3,133		$	33.35
Awards and units granted		1,087			44			1,131		$	21.85
Awards and units vested / earned		(695	)		(176	)		(871	)	$	34.84
Awards and units canceled / forfeited		(257	)		(230	)		(487	)	$	29.35
Balance at December 31, 2018		2,149			757			2,906		$	29.10
Awards and units granted		1,266			4			1,270		$	22.79
Awards and units vested / earned		(865	)		(118	)		(983	)	$	30.62
Awards and units canceled / forfeited		(179	)		(89	)		(268	)	$	27.53
Balance at December 31, 2019		2,371			554			2,925		$	25.99

Performance Awards and Units

Performance awards and units may be granted to employees or consultants based upon, among other things, the contributions, responsibilities and other compensation of the particular employee or consultant. The value and the vesting of such performance awards and units are generally linked to one or more performance goals or other specific performance goals determined by the Company, in each case on a specified date or dates or over any period or periods determined by the Company, and range from zero to 100 percent of the grant.

Employee Stock Purchase Plans

In August 2003, the Board adopted the 2003 Employee Stock Purchase Plan (the “ESPP”), which was approved by the Company’s stockholders in September 2003 and became effective February 1, 2004. Subsequently, the Board adopted the International Employee Stock Purchase Plan (the “International ESPP”) in June 2008.

The ESPP has a series of consecutive, overlapping 24-month offering periods. The first offering period commenced February 1, 2004, the effective date of the ESPP, as determined by the Board of Directors.

Individuals who own less than 5% of the Company’s voting stock, are scheduled to work more than 20 hours per week and whose customary employment is for more than five months in any calendar year may join an offering period on the first day of the offering period or the beginning of any semi-annual purchase period within that period. Individuals who become eligible employees after the start date of an offering period may join the ESPP at the beginning of any subsequent semi-annual purchase period.

Participants may contribute up to 20% of their cash earnings through payroll deductions, and the accumulated deductions will apply to the purchase of shares on each semi-annual purchase date. The purchase price per share will equal 85% of the fair market value per share on the participant’s entry date into the offering period or, if lower, 85% of the fair market value per share on the semi-annual purchase date.

An eligible employee’s right to buy the Company’s common stock under the ESPP may not accrue at a rate in excess of $25,000 of the fair market value of such shares per calendar year for each calendar year of an offering period. If the fair market value per share of the Company’s common stock on any purchase date is less than the fair market value per share on the start date of the 24-month offering period, then that offering period will automatically terminate and a new 24-month offering period will begin on the next business day. All participants in the terminated offering will be transferred to the new offering period.

As of December 31, 2019, there were approximately 1,052,000 shares reserved for grant under the ESPP and the International ESPP, collectively.

Dividends

Stockholders of the Company’s common stock are entitled to receive dividends when declared by the Company’s Board of Directors. The Company has paid a quarterly dividend of $0.20 per share since March 2015. Dividends declared were $0.80 per common share in each of 2019, 2018 and 2017.

Assumed Plans

Certain stock awards plans were assumed in the DTS acquisition during December 2016. The awards outstanding under these plans are included in the tables above. No future grants will be made under these plans.

Acquisitions, Goodwill and Identified Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Acquisitions Goodwill And Identified Intangible Assets [Abstract]
Merger agreement date	Dec. 18, 2019
Amortization expense	$ 99,946	$ 108,450	$ 111,930

Income Taxes - Reconciliation of Statutory U.S. Federal Income Tax Rate to Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S. federal statutory rate	$ (17,442)	$ 1,451	$ (20,420)
State, net of federal benefit	281	59	49
Stock-based compensation expense	2,807	3,883	1,706
Executive compensation limitation	411	1,538	0
Research tax credit	(2,038)	248	(1,851)
Foreign withholding tax	10,328	33,063	14,719
Transaction costs	974	0	0
Foreign tax rate differential	1,907	474	12,112
Foreign tax credit	(7,795)	(33,554)	(13,343)
Change in valuation allowance	(8,238)	7,721	13,497
U.S. tax reform	(2,970)	(6,333)	(7,868)
Unrecognized tax benefits	2,994	300	108
Change in estimates	(1,300)	(10)	(608)
Others	1,057	(167)	114
Provision for (benefit from) income taxes	$ (19,024)	$ 8,673	$ (1,785)

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 74,551	$ 113,625
Short-term investments	46,926	40,739
Accounts receivable, net of allowance for doubtful accounts of $566 and $779 respectively	24,177	30,294
Unbilled contracts receivable	121,826	195,436
Other current assets	13,735	17,434
Total current assets	281,215	397,528
Long-term unbilled contracts receivable	26,672	86,280
Property and equipment, net	32,877	31,037
Operating lease right-of-use assets	17,786
Intangible assets, net	232,275	327,720
Long-term deferred tax assets	3,660	3,677
Goodwill	385,784	385,784
Other assets	67,676	3,081
Total assets	1,047,945	1,235,107
Current liabilities:
Accounts payable	4,650	2,764
Accrued legal fees	1,316	2,920
Accrued liabilities	41,433	45,336
Deferred revenue	720	3,130
Total current liabilities	48,119	54,150
Long-term deferred tax liabilities	29,735	64,994
Long-term debt, net	334,679	482,193
Noncurrent operating lease liabilities	13,414
Other long-term liabilities	76,898	15,623
Total liabilities	502,845	616,960
Commitments and contingencies (Note 15)
Xperi stockholders’ equity:
Preferred stock: $0.001 par value; 10,000 shares authorized and no shares issued and outstanding	0	0
Common stock: $0.001 par value; 150,000 shares authorized; 63,622 and 62,212 shares issued, respectively, and 49,620 and 48,408 shares outstanding, respectively	64	62
Additional paid-in capital	768,284	730,695
Treasury stock at cost; 14,002 and 13,804 shares of common stock at each period end, respectively	(368,701)	(364,195)
Accumulated other comprehensive loss	(53)	(328)
Retained earnings	148,317	253,208
Total Xperi stockholders’ equity	547,911	619,442
Noncontrolling interest	(2,811)	(1,295)
Total equity	545,100	618,147
Total liabilities and equity	$ 1,047,945	$ 1,235,107

Consolidated Statements of Equity - USD ($)
$ in Thousands

Total

Common Stock

Additional Paid-In Capital

Treasury Stock

Accumulated Other Comprehensive Income (Loss)

Retained Earnings

Noncontrolling Interest

Beginning balance at Dec. 31, 2016

$ 507,785

$ 59

$ 644,194

$ (300,114)

$ (148)

$ 163,794

Beginning balance (in shares) at Dec. 31, 2016

48,854,000

10,742,000

Cumulative-effect adjustment from adoption of ASU (ASU 2016-09) at Dec. 31, 2016

829

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net loss

(56,558)

Other comprehensive loss, net of tax

(155)

Cash dividends paid on common stock ($0.80 per share)

(39,509)

Issuance of common stock in connection with exercise of stock options

4,872

Issuance of common stock in connection with exercise of stock options (in shares)

180,000

Issuance of common stock in connection with employee stock purchase plan

$ 4,132

4,132

Issuance of common stock in connection with employee common stock purchase plan (in shares)

164,000

Issuance of restricted stock, net of shares canceled

$ 1

Issuance of restricted stock, net of shares cancelled (in shares)

668,000

Repurchases of common stock, shares exchanged

(3,944)

$ (3,944)

Repurchases of common stock, shares exchanged (in shares)

(109,000)

109,000

Repurchases of common stock

(15,339)

$ (15,339)

Repurchases of common stock (in shares)

(654,000)

654,000

Stock-based compensation expense

33,462

Ending balance at Dec. 31, 2017

435,576

$ 60

686,660

$ (319,397)

(303)

68,556

Ending balance (in shares) at Dec. 31, 2017

49,103,000

11,505,000

Cumulative-effect adjustment from adoption of ASU (ASU 2014-09) at Dec. 31, 2017

224,128

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Issuance of subsidiary shares to noncontrolling interest

(179)

$ 179

Net loss

(1,763)

(289)

(1,474)

Other comprehensive loss, net of tax

(25)

Cash dividends paid on common stock ($0.80 per share)

(39,187)

Issuance of common stock in connection with exercise of stock options

8,008

$ 1

8,007

Issuance of common stock in connection with exercise of stock options (in shares)

427,000

Issuance of common stock in connection with employee stock purchase plan

$ 5,196

5,196

Issuance of common stock in connection with employee common stock purchase plan (in shares)

306,000

Issuance of restricted stock, net of shares canceled

$ 1

Issuance of restricted stock, net of shares cancelled (in shares)

871,000

Repurchases of common stock, shares exchanged

(3,429)

$ (3,429)

Repurchases of common stock, shares exchanged (in shares)

(162,000)

162,000

Repurchases of common stock

(41,369)

$ (41,369)

Repurchases of common stock (in shares)

(2,137,000)

2,137,000

Stock-based compensation expense

31,011

Ending balance at Dec. 31, 2018

618,147

$ 62

730,695

$ (364,195)

(328)

253,208

(1,295)

Ending balance (in shares) at Dec. 31, 2018

48,408,000

13,804,000

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Issuance of subsidiary shares to noncontrolling interest

(13)

Net loss

(64,033)

(62,530)

(1,503)

Other comprehensive loss, net of tax

275

Other

^[1]

(2,859)

Cash dividends paid on common stock ($0.80 per share)

(39,502)

Issuance of common stock in connection with exercise of stock options

694

Issuance of common stock in connection with exercise of stock options (in shares)

42,000

Issuance of common stock in connection with employee stock purchase plan

$ 5,329

$ 1

5,328

Issuance of common stock in connection with employee common stock purchase plan (in shares)

386,000

Issuance of restricted stock, net of shares canceled

$ 1

Issuance of restricted stock, net of shares cancelled (in shares)

982,000

Repurchases of common stock, shares exchanged

$ (4,506)

Repurchases of common stock, shares exchanged (in shares)

(198,000)

198,000

Repurchases of common stock (in shares)

Stock-based compensation expense

$ 31,554

31,554

Ending balance at Dec. 31, 2019

$ 545,100

$ 64

$ 768,284

$ (368,701)

$ (53)

$ 148,317

$ (2,811)

Ending balance (in shares) at Dec. 31, 2019

49,620,000

14,002,000

[1]	Refer to “Note 1 – The Company and Basis of Presentation.”

Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted shares (in thousands):

	Years Ended December 31,
	2019		2018		2017
Denominator:
Weighted average common shares outstanding		49,120		48,823		49,253
Unvested common shares subject to repurchase		—		—		(2	)
Total common shares-basic		49,120		48,823		49,251
Effect of dilutive securities:
Options		—		—		—
Restricted stock awards and units		—		—		—
Total common shares-diluted		49,120		48,823		49,251

Benefit Plan

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Benefit Plan

NOTE 17 – BENEFIT PLAN

The Company maintains a 401(k) retirement savings plan that allows voluntary contributions by all eligible U.S. employees upon their hire date. Eligible employees may elect to contribute up to the maximum amount allowed under Internal Revenue Service regulations. The Company can make discretionary contributions under the 401(k) plan. During the years ended December 31, 2019, 2018 and 2017, the Company contributed approximately $3.0 million, $2.9 million, and $2.4 million, respectively, to the 401(k) plan.

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Investments Debt And Equity Securities [Abstract]

Summary of Marketable Securities

The following is a summary of marketable securities at December 31, 2019 and December 31, 2018 (in thousands):

	December 31, 2019
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Values
Marketable securities
Corporate bonds and notes	$	41,730	$	29	$	(13	)	$	41,746
Commercial paper		4,052		4		—			4,056
Total debt securities		45,782		33		(13	)		45,802
Money market funds		2,601		—		—			2,601
Marketable equity securities		3,405		—		(2,281	)		1,124
Total equity securities		6,006		—		(2,281	)		3,725
Total marketable securities	$	51,788	$	33	$	(2,294	)	$	49,527
Reported in:
Cash and cash equivalents								$	2,601
Short-term investments									46,926
Total marketable securities								$	49,527

	December 31, 2018
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Values
Marketable securities
Corporate bonds and notes	$	28,623	$	—	$	(275	)	$	28,348
Commercial paper		2,999		—		—			2,999
Treasury and agency notes and bills		6,000		—		(53	)		5,947
Total debt securities		37,622		—		(328	)		37,294
Money market funds		11,499		—		—			11,499
Marketable equity securities		5,662		—		(2,217	)		3,445
Total marketable securities	$	17,161	$	—	$	(2,217	)	$	14,944
Total marketable securities	$	54,783	$	—	$	(2,545	)	$	52,238
Reported in:
Cash and cash equivalents								$	11,499
Short-term investments									40,739
Total marketable securities								$	52,238

Schedule of Gross Unrealized Losses on Investments

December 31, 2019	Less Than 12 Months					12 Months or More					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Corporate bonds and notes	$	20,031	$	(10	)	$	8,753	$	(3	)	$	28,784	$	(13	)
Total	$	20,031	$	(10	)	$	8,753	$	(3	)	$	28,784	$	(13	)

December 31, 2018	Less Than 12 Months					12 Months or More					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Corporate bonds and notes	$	5,488	$	(2	)	$	22,860	$	(273	)	$	28,348	$	(275	)
Treasury and agency notes and bills		—		—			5,947		(53	)		5,947		(53	)
Commercial paper		2,999		—			—		—			2,999		—
Total	$	8,487	$	(2	)	$	28,807	$	(326	)	$	37,294	$	(328	)

Estimated Fair Value of Marketable Debt Securities by Contractual Maturity

	Estimated Fair Value
Due in one year or less	$	29,491
Due in one to two years		16,311
Due in two to three years		—
Total	$	45,802

Acquisitions, Goodwill and Identified Intangible Assets

12 Months Ended

Dec. 31, 2019

Acquisitions Goodwill And Identified Intangible Assets [Abstract]

Acquisitions, Goodwill and Identified Intangible Assets

NOTE 9 – ACQUISITIONS, GOODWILL AND IDENTIFIED INTANGIBLE ASSETS

On December 18, 2019, the Company entered into a Merger Agreement with TiVo in an all-stock merger of equals transaction. See “Note 1 – The Company and Basis of Presentation.”

In 2019, the Company assessed goodwill impairment for its segments by performing a qualitative assessment. No impairment of goodwill was indicated as the Company concluded that it was more likely than not that the fair value of its reporting units exceeded its carrying amount. In addition, there have been no significant events or circumstances affecting the valuation of goodwill subsequent to the impairment testing performed in the fourth quarter of the year ended December 31, 2019.

The changes to the carrying value of goodwill from January 1, 2018 through December 31, 2019 are reflected below (in thousands):

December 31, 2017	$	385,574
Goodwill acquired through a business acquisition		210	(1)
December 31, 2018	$	385,784
December 31, 2019	$	385,784	(2)

(1) Related to the acquisition of an emerging technology company in May 2018.

(2) Of this amount, approximately $378.1 million is allocated to the Company’s Product Licensing reporting segment and approximately $7.7 million is allocated to its Semiconductor and IP Licensing reporting segment.

Identified intangible assets consisted of the following (in thousands):

		December 31, 2019							December 31, 2018
	Average Life (Years)	Gross Assets		Accumulated Amortization			Net		Gross Assets		Accumulated Amortization			Net
Acquired patents / core technology	3-15	$	151,184	$	(135,952	)	$	15,232	$	146,684	$	(128,691	)	$	17,993
Existing technology	5-10		206,878		(130,890	)		75,988		206,878		(96,089	)		110,789
Customer contracts and related relationships	3-9		291,769		(174,741	)		117,028		291,769		(121,831	)		169,938
Trademarks/trade name	4-10		40,083		(16,056	)		24,027		40,083		(11,083	)		29,000
Non-competition agreements	1		2,231		(2,231	)		—		2,231		(2,231	)		—
Total intangible assets		$	692,145	$	(459,870	)	$	232,275	$	687,645	$	(359,925	)	$	327,720

Amortization expense for the years ended December 31, 2019, 2018, and 2017 amounted to $99.9 million, $108.5 million and $111.9 million, respectively. As of December 31, 2019, the estimated future amortization expense of intangible assets is as follows (in thousands):

2020	$	88,793
2021		81,084
2022		32,645
2023		21,766
2024		5,463
Thereafter		2,524
	$	232,275

Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

NOTE 18 – SUBSEQUENT EVENTS

Declaration of a Cash Dividend

On January 30, 2020, the Board declared a cash dividend of $0.20 per share of common stock, payable on March 25, 2020, for the stockholders of record at the close of business on March 4, 2020.

Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

NOTE 8 - LEASES

Under Topic 842, a contract is a lease, or contains a lease, if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. To determine whether a contract conveys the right to control the use of an identified asset for a period of time, an entity shall assess whether, throughout the period of use, the entity has both of the following: (a) the right to obtain substantially all of the economic benefits from use of the identified asset; and (b) the right to direct the use of the identified asset.

The Company leases office and research facilities and office equipment under operating leases which expire at various dates through 2028. The Company’s leases have remaining lease terms of one year to nine years, some of which may include options to extend the leases for five years or longer, and some of which may include options to terminate the leases within one year or less. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. As a practical expedient, the Company elected, for all office and facility leases, not to separate nonlease components (e.g., common-area maintenance costs) from lease components (e.g., fixed payments including rent) and instead to account for each separate lease component and its associated non-lease components as a single lease component. The Company uses its incremental borrowing rate for purposes of discounting lease payments.

Lease cost is summarized in the table below (in thousands):

	Years Ended December 31,
	2019		2018		2017
Operating lease cost ⁽¹⁾	$	7,971	$	7,188	$	6,423

(1) Includes short-term leases and variable lease costs, which were immaterial.

Other information related to leases was as follows (in thousands, except lease term and discount rate):

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,183
ROU assets obtained in exchange for new lease liabilities:
Operating leases	$	5,612

	December 31, 2019
Weighted-average remaining lease term (years):
Operating leases	4.6
Weighted-average discount rate:
Operating leases		5.7	%

Future minimum lease payments and related lease liabilities as of December 31, 2019 were as follows (in thousands):

	Operating Leases
2020	$	6,387
2021		4,558
2022		3,259
2023		3,235
2024		2,619
Thereafter		1,977
Total lease payments		22,035
Less: imputed interest ⁽¹⁾		(2,776	)
Present value of lease liabilities	$	19,259

Less: current obligations under leases (accrued liabilities)		5,845
Noncurrent operating lease liabilities	$	13,414

(1) Calculated using the interest rate for each lease.

Note: Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.

As of December 31, 2018, future minimum lease payments were as follows (in thousands):

	Operating Leases
2019	$	6,341
2020		5,292
2021		3,441
2022		3,047
2023		3,142
Thereafter		3,518
	$	24,781

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 14 – INCOME TAXES

The components of total income (loss) before taxes from continuing operations are as follows (in thousands):

	Years Ended December 31,
	2019			2018			2017
U.S.	$	(53,346	)	$	16,684		$	8
Foreign		(29,711	)		(9,774	)		(58,351	)
Total income (loss) before taxes from continuing operations	$	(83,057	)	$	6,910		$	(58,343	)

The provision for (benefit from) income taxes consisted of the following (in thousands):

	Years Ended December 31,
	2019			2018			2017
Current:
U.S. federal	$	68,772		$	290		$	(79	)
Foreign		(42,147	)		22,668			16,871
State and local		94			10			77
Total current		26,719			22,968			16,869
Deferred:
U.S. federal		(41,826	)		(10,766	)		(8,390	)
Foreign		(4,145	)		(3,191	)		(10,463	)
State and local		228			(338	)		199
Total deferred		(45,743	)		(14,295	)		(18,654	)
Provision for (benefit from) income taxes	$	(19,024	)	$	8,673		$	(1,785	)

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	December 31,
	2019			2018
Deferred tax assets
Net operating losses	$	10,142		$	10,368
Research tax credits		13,475			14,717
Foreign tax credits		—			27,092
Expenses not currently deductible		14,640			14,623
Basis difference in fixed and intangible assets		3,593			3,494
Capitalized research expenses		23,785			8,965
Gross deferred tax assets		65,635			79,259
Valuation allowance		(37,243	)		(41,942	)
Net deferred tax assets		28,392			37,317
Deferred tax liabilities
Revenue recognition		(32,466	)		(63,367	)
Operating leases		(2,665	)		—
Acquired intangible assets, domestic		(17,165	)		(27,323	)
Acquired intangible assets, foreign		(2,171	)		(7,944	)
Net deferred tax liabilities	$	(26,075	)	$	(61,317	)

At December 31, 2019 and 2018, the Company had a valuation allowance of $37.2 million and $41.9 million, respectively, related to federal, state, and foreign deferred tax assets that the Company believes will not be realizable on a more-likely-than-not basis. The $4.7 million decrease from the prior year is primarily comprised of $27.9 million attributable to a decrease in valuation allowance recorded against tax credits, offset by $23.2 million increase in valuation allowance primarily related to U.S. federal capitalized research expenses.

The need for a valuation allowance requires an assessment of both positive and negative evidence when determining whether it is more likely than not that deferred tax assets are recoverable. Such assessment is required on a jurisdiction-by-jurisdiction basis. In making such assessment, significant weight is given to evidence that can be objectively verified such as recent earnings (or loss) history, carryback of certain tax attributes and reversals of existing taxable temporary differences. Lesser weight is given to subjective evidence such as tax-planning strategies and projected future income based on management’s assumptions. After considering both positive and negative evidence, the Company released valuation allowance on U.S. federal tax credits since it was more likely than not that these tax attributes would be utilized as a result of the foreign tax refund filing. Additionally, the Company increased its valuation allowance on deferred tax assets primarily related to U.S. federal capitalized research expenses, U.S. state deferred tax assets, and certain foreign deferred tax assets based on its recent financial results and having insufficient objectively verifiable future sources of income.

In the future, the Company may release valuation allowance and recognize certain deferred tax assets depending on achievement of future profitability in relevant jurisdictions or implementation of tax planning strategies that enable the Company to utilize deferred tax assets that would otherwise be unused. Any release of valuation allowance could have the effect of decreasing the income tax provision in the period the valuation allowance is released. The Company continues to monitor the likelihood that it will be able to recover its deferred tax assets, including those for which a valuation allowance is recorded. There can be no assurance that the Company will generate profits or implement tax strategies in future periods enabling it to fully realize its deferred tax assets. The timing of recording a valuation allowance or the reversal of such valuation allowance is subject to objective factors that cannot be readily predicted in advance. Adjustments could be required in the future if the Company concludes that it is more likely than not that deferred tax assets are not recoverable. A provision for a valuation allowance could have the effect of increasing the income tax provision in the period the valuation allowance is provided.

As of December 31, 2019, the Company had federal net operating loss carryforwards of approximately $3.1 million and state net operating loss carryforwards of approximately $66.4 million. Substantially all of the federal net operating loss carryforwards are carried over from the acquired entity, DTS in 2016. The state net operating loss carryforwards are carried over from acquired entities, DTS in 2016, Ziptronix in 2015, and Siimpel Corporation in 2010. The federal net operating loss carryforwards, if not utilized, will begin to expire on various dates beginning in 2026. The state net operating loss carryforwards, if not utilized, will begin to expire on various dates beginning in 2021, and will continue to expire through 2035.

In addition, the Company has research tax credit carryforwards of approximately $1.7 million for federal purposes, which was carried over from prior years. The federal research tax credit will start to expire in 2034 and will continue to expire through 2035. The Company also has research tax credit carryforwards of approximately $15.4 million for state purposes and $0.6 million for foreign purposes, which do not expire. Under the provisions of the Internal Revenue Code, substantial ownership changes may limit the amount of net operating loss and tax credit carryforwards that can be utilized annually in the future to offset taxable income. In addition, for losses generated after December 31, 2017, the Tax Act modified the maximum deduction of net operating loss, eliminated carryback, and provided an indefinite carryforward.

A reconciliation of the statutory U.S. federal income tax rate to the Company’s effective tax rate is as follows:

	Years Ended December 31,
	2019			2018			2017
U.S. federal statutory rate	$	(17,442	)	$	1,451		$	(20,420	)
State, net of federal benefit		281			59			49
Stock-based compensation expense		2,807			3,883			1,706
Executive compensation limitation		411			1,538			—
Research tax credit		(2,038	)		248			(1,851	)
Foreign withholding tax		10,328			33,063			14,719
Transaction costs		974			—			—
Foreign tax rate differential		1,907			474			12,112
Foreign tax credit		(7,795	)		(33,554	)		(13,343	)
Change in valuation allowance		(8,238	)		7,721			13,497
U.S. tax reform		(2,970	)		(6,333	)		(7,868	)
Unrecognized tax benefits		2,994			300			108
Change in estimates		(1,300	)		(10	)		(608	)
Others		1,057			(167	)		114
Total	$	(19,024	)	$	8,673		$	(1,785	)

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (“Tax Act”) was signed into law. The Tax Act introduced a broad range of tax reform measures that significantly changed the federal income tax laws. As of December 31, 2017, the Company recorded a provisional tax expense in the Statement of Operations of approximately $5.6 million, comprised of approximately $13.5 million tax expense from recording additional valuation allowance against federal tax credits due to certain provisions of the Tax Act, offset by approximately $7.9 million of tax benefit from the remeasurement of U.S. deferred taxes using the 21% tax rate at which the Company expects them to reverse in the future. The one-time transition tax on post-1986 foreign unremitted earnings did not have a material impact on the Company’s effective tax rate. The Company continues to monitor supplemental legislation and technical interpretations of the tax law that may cause the final impact from the Tax Act to differ from the amounts previously recorded.

At December 31, 2019, the Company asserts that it will not permanently reinvest its foreign earnings outside the U.S. The Company anticipates that the cash from its foreign earnings may be used domestically to fund operations, settle a portion of the outstanding debt obligation, or used for other business needs. The accumulated undistributed earnings generated by its foreign subsidiaries was approximately $107.3 million. Substantially all of these earnings will not be taxable upon repatriation to the United States since under the Tax Act they will be treated as previously taxed income from the one-time transition tax, Global Intangible Low-Taxed Income or dividends-received deduction. The withholding taxes related to the distributable cash of the Company’s foreign subsidiaries are not expected to be material.

During the fourth quarter of fiscal 2019, the Company filed a refund claim for foreign taxes previously withheld by licensees in Korea based on recent court rulings in Korea and other business factors. These withheld foreign taxes were claimed as a foreign tax credit in the U.S. As a result of the refund claim, the Company recorded a non-current income tax receivable of $65.2 million in other assets, an unrecognized tax benefit of $48.2 million recorded in other long-term liabilities, and a reduction in deferred tax assets of $17.0 million. At December 31, 2019, the Company recorded a foreign exchange loss of $0.7 million.

As of December 31, 2019, unrecognized tax benefits approximated $87.3 million, of which $82.9 million would affect the effective tax rate if recognized. As of December 31, 2018, unrecognized tax benefits approximated $33.6 million, of which $21.3 million would affect the effective tax rate if recognized. The Company believes that its unrecognized tax benefits as of December 31, 2019 will decrease by approximately $4.3 million within the next twelve months due to expiring statute of limitations. The Company anticipates that the unrecognized tax benefit, related to a future Korean withholding tax refund claim, will continue to increase in the next twelve months due to additional taxes withheld on royalty payments by Korean licensees. The increase in the unrecognized tax benefit would more-likely-than-not be offset by the income tax receivable from the future Korean withholding tax refund claim and therefore, do not expect a significant impact on the Company’s tax provision.

The reconciliation of the Company’s unrecognized tax benefits for the years ended December 31, 2019, 2018 and 2017 is as follows (in thousands):

	Years Ended December 31,
	2019			2018			2017
Total unrecognized tax benefits at January 1	$	33,552		$	33,506		$	30,088
Gross increases and decreases due to tax positions taken in prior periods		—			(540	)		2,457
Gross increases and decreases due to tax positions taken in the current period		54,048			586			961
Gross increases and decreases due to settlements with taxing authorities		—			—			—
Gross increases and decreases due to lapses in applicable statutes of limitations		(306	)		—			—
Total unrecognized tax benefits at December 31	$	87,294		$	33,552		$	33,506

It is the Company’s policy to classify accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes. For the years ended December 31, 2019, 2018, and 2017, the Company recognized an insignificant amount of interest and penalties related to unrecognized tax benefits. Accrued interest and penalties were $1.2 million and $0.9 million, for the years ended December 31, 2019 and 2018, respectively.

At December 31, 2019, the Company’s 2014 through 2018 tax years were open and subject to potential examination in one or more jurisdictions. In addition, in the U.S., any net operating losses or credits that were generated in prior years but not yet fully utilized in a year that is closed under the statute of limitations may also be subject to examination. The Internal Revenue Service is currently in the process of completing the examination of one of the Company’s domestic subsidiaries for tax year 2014. The Company estimates that the financial outcome of this examination will not be material to its Statement of Operations. In addition, the Company has submitted a withholding tax refund claim with the Korean authorities and the final outcome is not anticipated to be settled within the next twelve months.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 566	$ 779
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	63,622,000	62,212,000
Common stock, shares outstanding (in shares)	49,620,000	48,408,000
Treasury stock, shares (in shares)	14,002,000	13,804,000

Composition of Certain Financial Statement Captions - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Non-current income tax receivable	$ 64,570
Other assets	3,106	$ 3,081
Other assets, total	$ 67,676	$ 3,081

Leases - Schedule of Future Minimum Lease Payments and Related Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
Operating Leases
2020	$ 6,387
2021	4,558
2022	3,259
2023	3,235
2024	2,619
Thereafter	1,977
Total lease payments	22,035
Less: imputed interest	(2,776)
Present value of lease liabilities	19,259	$ 18,800
Current portion of operating lease liabilities	5,845
Noncurrent operating lease liabilities	$ 13,414

Fair Value - Fair Value Measurements, Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring - Significant Unobservable Inputs (Level 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Assets held for sale
Fair Value, Assets Measured on NonRecurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning period	$ 0	$ 0
Assets transferred	0	0
Assets sold	0	0
Assets received	0	0
Balance, ending period	0	0
Other
Fair Value, Assets Measured on NonRecurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning period	5,944	5,944
Assets transferred	0	0
Assets sold	0	0
Assets received	0	0
Balance, ending period	$ 5,944	$ 5,944

Net Loss Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Net Loss Per Share

NOTE 11 – NET LOSS PER SHARE

The following table sets forth the computation of basic and diluted shares (in thousands):

	Years Ended December 31,
	2019		2018		2017
Denominator:
Weighted average common shares outstanding		49,120		48,823		49,253
Unvested common shares subject to repurchase		—		—		(2	)
Total common shares-basic		49,120		48,823		49,251
Effect of dilutive securities:
Options		—		—		—
Restricted stock awards and units		—		—		—
Total common shares-diluted		49,120		48,823		49,251

Basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period, excluding any unvested restricted stock awards that are subject to repurchase. Diluted net income (loss) per share is computed using the treasury stock method to calculate the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential dilutive common shares include unvested restricted stock awards and units and incremental common shares issuable upon the exercise of stock options, less shares from assumed proceeds. The assumed proceeds calculation includes actual proceeds to be received from the employee upon exercise and the average unrecognized stock compensation cost during the period.

For each of the years ended December 31, 2019, 2018 and 2017, there was no difference in the weighted average number of common shares used for the calculation of basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. A total of 1.3 million, 2.9 million and 3.0 million shares subject to stock options and restricted stock awards and units were excluded for the years ended December 31, 2019, 2018 and 2017, respectively, from the computation of diluted net loss per share because including them would have been anti-dilutive.

Composition of Certain Financial Statement Captions - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Long-term income tax payable	$ 76,767	$ 15,493
Other	131	130
Other long-term liabilities, total	$ 76,898	$ 15,623

Summary Of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Basis of Accounting

The consolidated financial statements include the accounts of Xperi Corporation, its wholly owned subsidiaries, and a majority-owned subsidiary. In the fourth quarter of 2018, the Company funded a new subsidiary focused on delivering a new machine learning-based hardware and software platform, and issued shares to non-controlling interests in such subsidiary. At the end of the fourth quarter of 2018, this subsidiary was approximately 85% owned by the Company. As a result of issuing new shares in such entity to noncontrolling interests during 2019, the Company’s ownership interest in such entity decreased to approximately 83% as of December 31, 2019. The operating results of such entity have been consolidated in the Company’s consolidated financial statements since the fourth quarter of 2018. The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States (“U.S.”). All significant intercompany balances and transactions are eliminated in consolidation.

Fiscal Period

The Company’s fiscal year ends on December 31. The Company employs a calendar month-end reporting period for its quarterly reporting.

Reclassification

Certain reclassifications have been made to prior period balances in order to conform to the current period’s presentation.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The accounting estimates and assumptions that require management’s most significant, difficult, and subjective judgment include the estimation of licensees’ quarterly royalties prior to receiving the royalty reports, the collectability of accounts receivable, the fair value measurements of goodwill, other intangible assets and investments, the assessment of the recoverability of goodwill, the assessment of useful lives and recoverability of other intangible assets and long-lived assets, recognition and measurement of current and deferred income tax assets and liabilities, the assessment of unrecognized tax benefits and the valuation and recognition of stock-based compensation expense, and business combinations, among others. Actual results experienced by the Company may differ from management’s estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less at the date of purchase to be cash equivalents. Cash and cash equivalents are maintained with various financial institutions.

Short-Term Investments

Short-term Investments

Marketable Debt Securities

The Company classifies its debt securities as available-for-sale, which are accounted for at fair value with unrealized gains and losses recognized in accumulated other comprehensive income or loss, net of tax, on the Consolidated Balance Sheets. The Company evaluates its debt securities periodically for possible other-than-temporary impairment and reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer, and the Company’s ability and intent to hold the security until maturity on a more-likely-than-not basis. If the declines in the fair value of the investments are determined to be other-than-temporary, the Company reports the credit loss portion of such decline in other income and expense, net, and the remaining noncredit loss portion in accumulated other comprehensive income. The cost of securities sold is based on the specific identification method. Interest and dividend income and realized gains or losses are included in other income and expense, net.

Marketable Equity Securities

Marketable equity securities are measured at fair value with unrealized gains and losses recognized in other income and expense, net, on the Consolidated Statements of Operations.

Fair Value of Financial Instruments

The carrying amount of cash equivalents, accounts receivable, accounts payable and accrued liabilities approximates fair value due to the short-term nature of these instruments. Long-term debt is carried at historical cost and measured at fair value on a quarterly basis for disclosure purposes. See “Note 7 – Fair Value” for further information.

Concentration of Credit and Other Risks

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash equivalents, short-term investments and accounts receivable. The Company follows a corporate investment policy which sets credit, maturity and concentration limits and regularly monitors the composition, market risk and maturities of these investments. The Company believes that any concentration of credit risk in its accounts receivable is substantially mitigated by the Company’s evaluation process, relatively short collection terms and the high level of credit worthiness of its customers. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary but generally requires no collateral.

At December 31, 2019, the Company had three customers representing 17%, 14% and 11% of aggregate trade receivables, respectively. At December 31, 2018, the Company had two customers representing 17% and 11% of aggregate trade receivables, respectively.

The following table sets forth revenue generated from customers which comprise 10% or more of total revenue for the periods indicated:

	Years Ended December 31,
	2019			2018			2017
SK hynix Inc.		17	%		12	%	*
Intel Corporation		11	%	*			*
Samsung Electronics, Co. Ltd.	*				38	%	*
Micron Technology, Inc.	*			*				11	%
Amkor Technologies, Inc.	*			*				10	%

* denotes less than 10% of total revenue.

Allowance for Doubtful Accounts

The Company continually monitors customer payments and maintains a reserve for estimated losses resulting from its customers’ inability to make required payments. In determining the reserve, the Company evaluates the collectibility of its accounts receivable based upon a variety of factors. In cases where the Company becomes aware of circumstances that may impair a specific customer’s ability to meet its financial obligations, the Company records a specific allowance against amounts due. For all other customers, the Company recognizes allowances for doubtful accounts based on its historical write-off experience in conjunction with the length of time the receivables are past due, customer creditworthiness, geographic risk and the current business environment. Actual future losses from uncollectible accounts may differ from the Company’s estimates. The allowance for doubtful accounts balance was $0.6 million and $0.8 million as of December 31, 2019 and December 31, 2018, respectively.

Goodwill and Identified Intangible Assets

Goodwill. Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible and identified intangible assets acquired under a business combination. Goodwill also includes acquired assembled workforce, which does not qualify as an identifiable intangible asset. The Company reviews impairment of goodwill annually in the fourth quarter, or more frequently if events or circumstances indicate that the goodwill might be impaired. The Company first assesses qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. If, after assessing the totality of events or circumstances, the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the quantitative goodwill impairment test is unnecessary.

If, based on the qualitative assessment, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the Company proceeds to perform the quantitative goodwill impairment test. The Company first determines the fair value of a reporting unit using weighted results derived from an income approach and a market approach. The income approach is estimated through the discounted cash flow method based on assumptions about future conditions such as future revenue growth rates, new product and technology introductions, gross margins, operating expenses, discount rates, future economic and market conditions, and other assumptions. The market approach estimates the fair value of the Company’s equity by utilizing the market comparable method which is based on revenue multiples from comparable companies in similar lines of business. The Company then compares the derived fair value of a reporting unit with its carrying amount. If the carrying value of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit.

Identified intangible assets. Identified finite-lived intangible assets consist of acquired patents, existing technology, customer relationships, trademarks and trade names, non-compete agreements resulting from business combinations, and acquired patents under asset purchase agreements. The Company’s identified intangible assets are amortized on a straight-line basis over their estimated useful lives, ranging from 1 to 15 years. The Company makes judgments about the recoverability of finite-lived intangible assets whenever facts and circumstances indicate that the useful life is shorter than originally estimated or that the carrying amount of assets may not be recoverable. If such facts and circumstances exist, the Company assesses recoverability by comparing the projected undiscounted net cash flows associated with the related asset or group of assets over their remaining lives against their respective carrying amounts. Impairments, if any, are based on the excess of the carrying amount over the fair value of those assets. If the useful life is shorter than originally estimated, the Company would accelerate the rate of amortization and amortize the remaining carrying value over the new shorter useful life.

Identified indefinite-lived intangible assets include in-process research and development (IPR&D) resulting from business combinations. The Company evaluates the carrying value of indefinite-lived intangible assets on an annual basis, and an impairment charge would be recognized to the extent that the carrying amount of such assets exceeds their estimated fair value.

For further discussion of goodwill and identified intangible assets, see “Note 9 – Acquisitions, Goodwill and Identified Intangible Assets.”

Debt Issuance Costs

Debt issuance costs are presented in the consolidated balance sheet as a deduction from the carrying amount of the long-term debt, and are amortized over the term of the associated debt to interest expense using the effective interest method. In addition, the Company elects to continue to defer the unamortized debt issuance costs when it pays down a portion of the debt as the prepayment is factored into the terms agreed to on the debt.

Treasury Stock

The Company accounts for stock repurchases using the cost method. For reissuance of treasury stock, to the extent that the reissuance price is more than the cost, the excess is recorded as an increase to capital in excess of par value. If the reissuance price is less than the cost, the difference is recorded in capital in excess of par value to the extent there is a cumulative treasury stock paid-in capital balance. Once the cumulative balance is reduced to zero, any remaining difference resulting from the sale of treasury stock below cost is recorded as a reduction of retained earnings.

Leases

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, accrued liabilities, and noncurrent operating lease liabilities in the Company’s consolidated balance sheets. The ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the leases do not provide an implicit rate, the Company generally uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. As a practical expedient, the Company elected, for all office and facility leases, not to separate nonlease components from lease components and instead to account for each separate lease component and its associated non-lease components as a single lease component. For additional information regarding the Company's leases, refer to “Note 8 – Leases.”

Revenue Recognition

The Company derives its revenue primarily from royalty and license fees for rights to use the Company’s intellectual property and technologies (“IP”). Revenue is recognized upon transfer of control of promised products, services or IP rights to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products, services or licensing of the IP rights. See “Note 4 – Revenue” for a detailed discussion on revenue and revenue recognition.

Revenue Recognition

Certain licensees have entered into fixed fee or minimum guarantee arrangements, whereby licensees pay a fixed fee for the right to incorporate the Company’s technology in the licensee's products over the license term. In arrangements with a minimum guarantee, the fixed fee component corresponds to a minimum number of units or dollars that the customer must produce or pay, with additional per-unit fees for any units or dollars exceeding the minimum. In most cases, the customer pays the fixed license fee in specified installments over the license term. For both fixed fee and minimum guarantee agreements, the Company recognizes the full fixed fee as revenue at the beginning of the license term, when the licensee has the right to use the IP and begins to benefit from the license.

If the contract term of a fixed fee or minimum guarantee arrangement is longer than one year, the Company also considers the scheduled payment arrangements to determine whether a significant financing component exists. In general, if the payment arrangements extend beyond the initial twelve months of the contract, the Company treats a portion of the payments as a significant financing component. When the payments are expected to be received within one year or less, the Company does not adjust the promised amount of consideration for the effects of a financing component. The discount rate used for each arrangement reflects the rate that would be used in a separate financing transaction between the Company and the licensee at contract inception and takes into account the credit characteristics of the licensee and market interest rates as of the date of the agreement. As such, the amount of fixed fee revenue recognized at the beginning of the license term will be reduced by the

calculated financing component. As payments are received from the licensee, the Company recognizes a portion of the financing component as interest income, reported as other income and expense in the Consolidated Statements of Operations.

For certain licensees, royalty revenues are generated based on a licensee’s production or shipment of licensed products incorporating the Company’s IP, technologies or software. Licensees with a per-unit arrangement pay a per-unit royalty for each product manufactured or sold, as set forth in its license agreement. Licensees generally report manufacturing or sales information in the quarter subsequent to when the production or shipment activity takes place. The Company estimates the royalties earned each quarter based on its forecast of manufacturing and sales activity incurred by its licensees in that quarter. Any differences between actual royalties owed by a licensee and the Company’s quarterly estimate are recognized in the following quarter, when the licensee’s royalty report is received. Estimating licensees’ quarterly royalties prior to receiving the royalty reports requires the Company to make significant assumptions and judgments related to forecasted trends and growth rates used to estimate quantities shipped by customers, which could have a material impact on the amount of revenue it reports on a quarterly basis.

The Company actively monitors and enforces its IP, including seeking appropriate compensation from customers that have under-reported royalties owed under a license agreement and from third parties that utilize the Company’s intellectual property without a license. As a result of these activities, the Company may, from time to time, recognize revenue from payments resulting from periodic compliance audits of licensees for underreporting royalties incurred in prior periods, as part of a settlement of a patent infringement dispute, or from legal judgments in a license dispute. These recoveries and settlements may cause revenue to be higher than expected during a particular reporting period and such recoveries may not occur in subsequent periods. The Company recognizes revenue from recoveries when a binding agreement has been executed and the Company concludes collection under that agreement is likely.

In some instances, the Company may enter into license agreements containing multiple performance obligations that include engineering services in addition to a technology or software license. For such arrangements where all components are capable of being distinct and accounted for as separate performance obligations, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on the prices ordinarily charged to customers, or in some cases by applying a reasonable cost-plus margin. The consideration for engineering services is recognized as the underlying performance obligations are satisfied. Generally, the Company satisfies performance obligations over time and therefore recognizes revenue over time by measuring the progress toward completion of the performance obligation at each reporting period.

From time to time, the Company enters into arrangements with licensees in which the Company pays consideration to the licensee. Such payments can take the form of marketing development funds or various rebate incentives. The Company typically accounts for consideration paid to its licensees as a reduction to the transaction price and revenue, unless the payment to the licensee is in exchange for a distinct good or service that the licensee transfers to the Company. In cases where the consideration paid to the licensee is variable, the Company estimates the variable consideration based on the terms of the arrangement and expectations of future outcomes. The Company recognizes the reduction to revenue when it recognizes revenue for transfer of control of promised products, services or IP rights to the licensee.

Contract Balances

Unbilled Contracts Receivable

Timing of revenue recognition may differ significantly from the timing of invoicing to customers. Accounts receivable, net, includes amounts billed and currently due from customers. Unbilled contracts receivable represents unbilled amounts expected to be received from customers in future periods, where the revenue recognized to date (or cumulative adjustments to retained earnings in the initial period of adopting Topic 606) exceeds the amount billed, and right to payment is subject to the underlying contractual terms. Unbilled contracts receivable amounts may not exceed their net realizable value and are classified as long-term assets if the payments are expected to be received more than one year from the reporting date.

Deferred Revenue

Deferred revenue includes payments made by licensees for which the corresponding performance obligations have not yet been fully satisfied by the Company and typically arises where performance obligations are satisfied over time.

Practical Expedients

The Company expenses sales commissions when incurred because the amortization period generally would have been one year or less. In addition, sales commissions have historically not been a significant expense and are not contemplated to be significant in the future. Sales commissions are recorded in selling, general and administrative expenses in the Consolidated Statement of Operations.

Indemnification

The Company provides indemnification of varying scope to certain customers against claims of intellectual property infringement made by third parties arising from the use of the Company’s technologies. In accordance with authoritative guidance for accounting for guarantees, the Company evaluates estimated losses for such indemnification. The Company considers such factors as the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss. To date, no such claims have been filed against the Company and no liability has been recorded in the Company’s financial statements.

As permitted under Delaware law, the Company has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at the Company’s request in such capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company believes, given the absence of any such payments in the Company’s history, and the estimated low probability of such payments in the future, that the estimated fair value of these indemnification agreements is immaterial. In addition, the Company has directors’ and officers’ liability insurance coverage that is intended to reduce its financial exposure and may enable the Company to recover any payments, should they occur.

Research, Development and Other Related Costs

Research and development (“R&D”) is conducted primarily in-house and targets development of audio and image enhancement technologies, chip-scale, multi-chip and wafer level packaging, circuitry, 3D-IC architectures, wafer and die bonding technologies and new machine learning based hardware and software solutions, including semiconductor chip design and fabrication costs. Research, development and other related costs include expenses associated with applications engineering necessary to port and integrate our technologies and products on third party silicon and into end devices. These costs consist primarily of compensation and related costs for personnel, engineering consulting expenses associated with new product and technology development, product commercialization, quality assurance and testing costs, as well as costs related to patent applications and examinations, product "tear downs" and reverse engineering, materials, supplies and equipment depreciation. All research, development and other related costs are expensed as incurred.

Stock-based Compensation Expense

The Company accounts for stock-based compensation expense in accordance with the authoritative guidance on share-based payments. Under the provisions of the guidance, stock-based compensation expense is measured at the grant date based on the fair value of the option using a Black-Scholes option pricing model and is recognized as expense on a straight-line basis over the requisite service period, which is generally the vesting period.

The authoritative guidance also requires that the Company measure and recognize stock-based compensation expense upon modification of the term of a stock award. The stock-based compensation expense for such modification is the sum of any unamortized expense of the award before modification and the modification expense. The modification expense is the incremental amount of the fair value of the award before the modification and the fair value of the award after the modification, measured on the date of modification. In the event the modification results in a longer requisite period than in the original award, the Company has elected to apply the pool method where the aggregate of the unamortized expense and the modification expense is amortized over the new requisite period on a straight-line basis. In addition, any forfeiture will be based on the original requisite period prior to the modification.

Calculating stock-based compensation expense requires the input of highly subjective assumptions, including the expected term of the stock-based awards, stock price volatility, and the pre-vesting option forfeiture rate. The Company estimates the expected life of options granted based on historical exercise patterns, which are believed to be representative of future behavior. The Company estimates the volatility of the Company’s common stock on the date of grant based on historical volatility. The assumptions used in calculating the fair value of stock-based awards represent the Company’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and the Company uses different assumptions, its stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate and only recognize expense for those shares expected to vest. The Company estimates the forfeiture rate based on historical experience of its stock-based awards that are granted, exercised and cancelled. If the actual forfeiture rate is materially different from the estimate, stock-based compensation expense could be significantly different from what was recorded in the current period. The Company also grants performance share units (PSUs) to employees or consultants. PSU awards will vest if certain employee-specific or company-designated performance targets are achieved. If minimum performance thresholds are achieved, each PSU award will convert into Xperi common stock at a defined ratio depending on the degree of achievement of the performance target designated by each individual award. If minimum performance thresholds are not achieved, then no shares will be issued. Based upon the expected levels of achievement, stock-based compensation is recognized on a straight-line basis over the PSUs’ requisite service periods. The expected levels of achievement are reassessed over the requisite service periods and, to the extent that the expected levels of achievement change, stock-based compensation is adjusted in the period of change and recorded on the statements of operations and the remaining unrecognized stock-based compensation is recorded over the remaining requisite service period. See “Note 13 – Stock-based Compensation Expense” for additional detail.

Income Taxes

The Company must make certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments are used in the calculation of tax credits, tax benefits, tax deductions, and in the calculation of certain deferred taxes and tax liabilities. Significant changes to these estimates may result in an increase or decrease to the Company’s tax provision in a subsequent period.

The provision for income taxes was comprised of the Company’s current tax liability and changes in deferred income tax assets and liabilities. The calculation of the current tax liability involves dealing with uncertainties in the application of complex tax laws and regulations and in determining the liability for tax positions, if any, taken on the Company’s tax returns in accordance with authoritative guidance on accounting for uncertainty in income taxes. Deferred income taxes are determined based on the differences between the financial reporting and tax basis of assets and liabilities. The Company must assess the likelihood that it will be able to recover the Company’s deferred tax assets. If recovery is not likely on a more-likely-than-not basis, the Company must increase its provision for income taxes by recording a valuation allowance against the deferred tax assets that it estimates will not ultimately be recoverable. However, should there be a change in the Company’s ability to recover its deferred tax assets, the provision for income taxes would fluctuate in the period of such change. See “Note 14 – Income Taxes” for additional detail.

Contingencies

From time to time, the Company may be involved in legal and administrative proceedings and claims of various types. The Company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated. Management reviews these estimates in each accounting period as additional information becomes known and adjusts the loss provision when appropriate. If the loss is not probable or cannot be reasonably estimated, a liability is not recorded in the consolidated financial statements. If a loss is probable but the amount of loss cannot be reasonably estimated, the Company discloses the loss contingency and an estimate of possible loss or range of loss (unless such an estimate cannot be made). The Company does not recognize gain contingencies until they are realized. Legal costs incurred in connection with loss contingencies are expensed as incurred. See “Note 15 – Commitments and Contingencies,” for further information regarding the Company’s pending litigation.

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the related assets’ estimated useful lives:

Equipment, furniture and other		1 to 5 years
Leasehold improvements		Lesser of related lease term or 5 years
Building and improvements		Up to 30 years

Expenditures that materially increase asset life are capitalized, while ordinary maintenance and repairs are expensed as incurred.

Foreign Currency Translation

The functional currency of substantially all of the Company’s subsidiaries is the U.S. dollar. Certain subsidiaries have monetary assets and liabilities that are denominated in a currency that is different than the functional currency. The gains and losses resulting from the remeasurement and translation of monetary assets denominated in a currency that is different than the functional currency are reflected in the determination of net income (loss).

Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” Topic 606 supersedes the revenue recognition requirements in Topic 605 “Revenue Recognition” (Topic 605), and requires entities to recognize revenue when control of goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for the goods or services. On January 1, 2018, the Company adopted the new standard using the modified retrospective method, under which the Company recorded a $224 million cumulative net of tax adjustment to the opening balance of retained earnings on January 1, 2018. The adjustment was determined by measuring the impact of the new standard on existing contracts that were not completed as of December 31, 2017. Prior period comparative information has not been restated and continues to be reported under Topic 605 in effect for those periods. This new standard had a material impact on the Company’s revenue and its consolidated statement of operations and balance sheet as of and for the year ended December 31, 2018, and is expected to have a material impact on an ongoing basis, with no impact on the timing of customer billings or on cash flows. See “Note 4 – Revenue” for further discussion.

In June 2018, the FASB issued ASU No. 2018-07, “Stock-based Compensation: Improvements to Nonemployee Share-based Payment Accounting,” which amends the existing accounting standards for share-based payments to nonemployees. This ASU aligns much of the guidance on measuring and classifying nonemployee awards with that of awards to employees. Under the new guidance, the measurement of nonemployee equity awards is fixed on the grant date. The effective date for the standard is for interim periods in fiscal years beginning after December 15, 2018, with early adoption permitted, but no earlier than the Company's adoption date of Topic 606. The new guidance is required to be applied retrospectively with the cumulative effect recognized at the date of initial application. The Company adopted this standard as of January 1, 2019. The adoption of this standard did not have a material impact on the Company's consolidated financial statements.

In February 2016, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,” which expands strategies that qualify for hedge accounting, changes how many hedging relationships are presented in the financial statements, and simplifies the application of hedge accounting in certain situations. On January 1, 2019, the Company adopted the amendments to Topic 815. Adoption did not have a material impact on the Company’s consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, "Leases" (Topic 842), which generally requires companies to recognize operating and financing lease liabilities and corresponding right-of-use (ROU) assets on the balance sheet. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. On January 1, 2019, the Company adopted the new standard using the modified retrospective transition approach and elected the transition option, under which the Company initially applied the transition requirements to all leases that existed at December 31, 2018, with any residual effects of initially applying Topic 842 recognized as a cumulative effect adjustment to the opening balance of retained earnings on January 1, 2019.

The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed it to carry forward the historical lease classification. Under the optional transition method, the Company opted to continue to apply the legacy guidance in ASC 840, Leases, including its disclosure requirements, in the comparative periods presented in the year it adopted the new leases standard, and therefore did not restate prior period results.

The most significant impact from adopting Topic 842 was the initial recognition of operating lease ROU assets and operating lease liabilities of $17.6 million and $18.8 million, respectively, as of January 1, 2019. Operating lease liabilities consist of both current and noncurrent portions with the current portion included in the balance of accrued liabilities. The standard did not materially impact the Company’s Consolidated Statements of Operations and had no impact on cash flows.

The cumulative effect of the changes made to the Company's Consolidated Balance Sheet as of January 1, 2019 for the adoption of Topic 842 was as follows (in thousands):

	Balance at December 31, 2018		Adjustments due to Topic 842			Balance at January 1, 2019
Assets
Operating lease right-of-use assets	$	—	$	17,594		$	17,594
Liabilities
Accrued liabilities	$	45,336	$	3,858	(1)	$	49,194
Noncurrent operating lease liabilities	$	—	$	13,736		$	13,736

(1) Consists of a debit adjustment of $1.2 million to deferred rent to eliminate the existing balance and a credit adjustment of $5.1 million to record the current portion of operating lease liabilities.

Recent Accounting Pronouncements

In September 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”), which introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. The company will adopt ASU 2016-13 in the first quarter of 2020 by using the modified retrospective approach to record a cumulative-effect adjustment in retained earnings in the Consolidated Balance Sheet. The Company has completed its initial assessment and currently expects the cumulative-effect adjustment it records in retained earnings in its Consolidated Balance Sheet as of January 1, 2020 will not be material.

On December 18, 2019, FASB released ASU 2019-12, “Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). The purpose of the update is to reduce the complexity pertaining to certain areas in accounting for income taxes. Key amendments from ASU 2019-12 include, but are not limited to, the accounting for hybrid tax regimes, step-up in tax basis goodwill in non-business combination transactions, intraperiod tax allocation exception to the incremental approach and interim period accounting for enacted changes in tax law. The effective date of the amendments for public corporations is for fiscal years beginning after December 15, 2020. Although early adoption is permitted, the Company will not early adopt. The Company will continue to analyze the financial impact of ASU 2019-12.

The Company And Basis Of Presentation

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

The Company and Basis of Presentation

NOTE 1 – THE COMPANY AND BASIS OF PRESENTATION

Xperi Corporation (the “Company”) licenses its innovative products, technologies and inventions to global electronics companies which, in turn, integrate the technologies into their own consumer electronics and semiconductor products. The Company’s technologies and inventions are widely adopted and used every day by millions of people. The Company’s audio technologies have shipped in billions of devices for the home, mobile and automotive markets. The Company's imaging technologies have been embedded in billions of smartphones and other mobile devices. The Company's semiconductor packaging and interconnect technologies have been licensed to more than 100 customers and have shipped in over 100 billion semiconductor chips.

The Company’s fiscal year ends on December 31. The Company employs a calendar month-end reporting period for its quarterly reporting.

In the first quarter of 2019, the Company recorded an out-of-period adjustment to decrease current unbilled receivables and decrease retained earnings by $2.9 million to correct an error that originated in the first quarter of 2018 in connection with its adoption of Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers.” The adjustment relates to an error in the Company’s interpretation of the payment terms of a contract entered into in a prior year. The Company determined that the error was not material to any of its prior annual and interim period financial statements, and the impact of correcting it is not considered to be material to the financial statements for the year ended December 31, 2019.

On December 18, 2019, the Company entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with TiVo Corporation (“TiVo”) to combine in an all-stock merger of equals transaction (the “Mergers”). The Mergers are expected to close and become effective (the “Effective Time”) during the second quarter of 2020, subject to regulatory approvals, the approval by the shareholders of each company, and other customary closing conditions.

Subject to the terms and conditions of the Merger Agreement, each share of Company common stock (“Xperi Common Stock”) issued and outstanding immediately prior to the Effective Time, excluding any shares of Xperi Common Stock that are held in treasury, will be converted into the right to receive one share of common stock of the combined company and each share of TiVo common stock (“TiVo Common Stock”) issued and outstanding immediately prior to the Effective Time, excluding any shares of TiVo Common Stock that are held in treasury, will be converted into the right to receive 0.455 shares of common stock of the combined company. On a pro forma, fully diluted basis, it is expected that immediately following the Effective Time, Xperi stockholders will own approximately 46.5% of the combined company and TiVo stockholders will own approximately 53.5% of the combined company.

In connection with the Merger Agreement, the Company and TiVo obtained a debt commitment letter from Bank of America, N.A., Royal Bank of Canada, and Barclays Bank PLC to provide a senior secured first lien term loan B facility in an aggregate principal amount of $1,100 million (the “Debt Financing”), subject to the terms and conditions set forth therein. The proceeds from the Debt Financing may be used (i) to pay fees and expenses incurred in connection with the Mergers and the related transactions, (ii) to accomplish the refinancing of existing indebtedness of the Company and TiVo, and (iii) to the extent of any remaining amounts, for working capital and other general corporate purposes.

Reclassification

Certain reclassifications have been made to prior period balances in order to conform to the current period’s presentation.

Subsequent Events - Additional Information (Details) - $ / shares		12 Months Ended
	Jan. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Cash dividends declared per share (in dollars per share)		$ 0.80	$ 0.80	$ 0.80
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.20
Dividends declaration date	Jan. 30, 2020
Dividends payable date	Mar. 25, 2020
Dividends record date	Mar. 04, 2020

Recent Accounting Pronouncements

12 Months Ended

Dec. 31, 2019

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

Recent Accounting Pronouncements

NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS

Recently Adopted Accounting Pronouncements

The cumulative effect of the changes made to the Company's Consolidated Balance Sheet as of January 1, 2019 for the adoption of Topic 842 was as follows (in thousands):

	Balance at December 31, 2018		Adjustments due to Topic 842			Balance at January 1, 2019
Assets
Operating lease right-of-use assets	$	—	$	17,594		$	17,594
Liabilities
Accrued liabilities	$	45,336	$	3,858	(1)	$	49,194
Noncurrent operating lease liabilities	$	—	$	13,736		$	13,736

Recent Accounting Pronouncements

Composition of Certain Financial Statement Captions - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Employee compensation and benefits	$ 18,404	$ 26,858
Third-party royalties	6,165	7,140
Accrued expenses	7,930	3,994
Current portion of operating lease liabilities	5,845
Other	3,089	7,344
Accrued liabilities, total	$ 41,433	$ 45,336

Stock-Based Compensation Expense - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Grants in period, net of forfeitures	0	0	70,000
Grants in period, estimated fair value (usd per share)			$ 4.62
Total intrinsic value of options exercised	$ 0.2	$ 1.0	$ 5.5
Unrecognized stock-based compensation balance after estimated forfeitures related to unvested stock options	$ 0.1	$ 0.3
Estimated weighted average amortization period	2 years 3 months 18 days	2 years 2 months 12 days
Issuance of common stock in connection with employee common stock purchase plan (in shares)	386,000	306,000	164,000
Black Scholes Option Pricing Model
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Expected life (in years)	2 years
Restricted stock awards and units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted stock awards, total fair value	$ 30.1	$ 30.4	$ 22.7
Unrecognized stock-based compensation balance after estimated forfeitures related to unvested stock options	$ 40.3	$ 40.6
Estimated weighted average amortization period	1 year 6 months	2 years

Summary of Significant Accounting Policies - Summary of Customers Comprising 10% or More of Total Revenues (Details) - Total Revenue - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SK hynix Inc.
Concentration Risk [Line Items]
Concentration risk, percentage (or more)	17.00%	12.00%
Intel Corporation
Concentration Risk [Line Items]
Concentration risk, percentage (or more)	11.00%
Samsung Electronics, Co. Ltd.
Concentration Risk [Line Items]
Concentration risk, percentage (or more)		38.00%
Micron Technology, Inc.
Concentration Risk [Line Items]
Concentration risk, percentage (or more)			11.00%
Amkor Technologies, Inc.
Concentration Risk [Line Items]
Concentration risk, percentage (or more)			10.00%

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Customers Comprising 10% or More of Total Revenues

The following table sets forth revenue generated from customers which comprise 10% or more of total revenue for the periods indicated:

	Years Ended December 31,
	2019			2018			2017
SK hynix Inc.		17	%		12	%	*
Intel Corporation		11	%	*			*
Samsung Electronics, Co. Ltd.	*				38	%	*
Micron Technology, Inc.	*			*				11	%
Amkor Technologies, Inc.	*			*				10	%

* denotes less than 10% of total revenue.

Schedule of Estimated Useful Life

Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the related assets’ estimated useful lives:

Equipment, furniture and other		1 to 5 years
Leasehold improvements		Lesser of related lease term or 5 years
Building and improvements		Up to 30 years

Segment and Geographic Information - Schedule of Property and Equipment, Net, by Geographical Area (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Property and equipment, net	$ 32,877	$ 31,037	$ 34,442
U.S.
Segment Reporting Information [Line Items]
Property and equipment, net	28,273	29,123	32,862
Europe
Segment Reporting Information [Line Items]
Property and equipment, net	4,391	1,533	1,019
Asia and other
Segment Reporting Information [Line Items]
Property and equipment, net	$ 213	$ 381	$ 561

Composition of Certain Financial Statement Captions - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Depreciation and amortization of property and equipment	$ 6.7	$ 6.7	$ 7.2

Schedule II Valuation and Qualifying

12 Months Ended

Dec. 31, 2019

Valuation And Qualifying Accounts [Abstract]

Schedule II Valuation and Qualifying Accounts

Schedule II. Valuation and Qualifying Accounts for the Years Ended December 31, 2019, 2018 and 2017

	Balance at Beginning of Year		Charged (Credited) to Expenses			Charged (Credited) to Other Accounts		Balance at End of Year
Deferred income tax asset:
Valuation allowance
2017	$	12,847	$	13,925		$	5,260	$	32,032
2018	$	32,032	$	2,794		$	7,116	$	41,942
2019	$	41,942	$	(4,699	)	$	—	$	37,243

	Balance at Beginning of Year		Charged (Credited) to Expenses			Charged (Credited) to Other Accounts			Balance at End of Year
Accounts receivable:
Allowance for doubtful accounts
2017	$	—	$	2,404		$	(1,223	)	$	1,181
2018	$	1,181	$	417		$	(819	)	$	779
2019	$	779	$	(74	)	$	(139	)	$	566

Income Taxes - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
U.S. federal	$ 68,772	$ 290	$ (79)
Foreign	(42,147)	22,668	16,871
State and local	94	10	77
Total current	26,719	22,968	16,869
Deferred:
U.S. federal	(41,826)	(10,766)	(8,390)
Foreign	(4,145)	(3,191)	(10,463)
State and local	228	(338)	199
Total deferred	(45,743)	(14,295)	(18,654)
Provision for (benefit from) income taxes	$ (19,024)	$ 8,673	$ (1,785)

Consolidated Statements Of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (64,033)	$ (1,763)	$ (56,558)
Other comprehensive income (loss):
Net unrealized gains (losses) on available-for-sale debt securities, net of tax	275	(25)	(155)
Other comprehensive income (loss)	275	(25)	(155)
Comprehensive loss	(63,758)	(1,788)	(56,713)
Less: Comprehensive loss attributable to noncontrolling interest	(1,503)	(1,474)
Comprehensive loss attributable to Xperi	$ (62,255)	$ (314)	$ (56,713)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
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-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686

+ Details

Stock-Based Compensation Expense (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Effect of Recording Stock-Based Compensation Expense

The effect of recording stock-based compensation expense for the years ended December 31, 2019, 2018 and 2017 is as follows (in thousands):

	Years Ended December 31,
	2019			2018			2017
Cost of revenue	$	—		$	—		$	—
Research, development and other related costs		14,643			13,168			13,277
Selling, general and administrative		16,911			17,843			20,185
Total stock-based compensation expense		31,554			31,011			33,462
Tax effect on stock-based compensation expense		(5,051	)		(4,869	)		(5,296	)
Net effect on net income	$	26,503		$	26,142		$	28,166

Stock-Based Compensation Expense Categorized by Equity Components

Stock-based compensation expense categorized by various equity components for the years ended December 31, 2019, 2018 and 2017 is summarized in the table below (in thousands):

	Years Ended December 31,
	2019		2018		2017
Employee stock options	$	219	$	438	$	1,980
Restricted stock awards and units		29,031		27,974		28,909
Employee stock purchase plan		2,304		2,599		2,573
Total stock-based compensation expense	$	31,554	$	31,011	$	33,462

Schedule of Assumptions Used to Value Options Granted

The following assumptions were used to value the awards granted:

	Years Ended December 31,
	2019*		2018*		2017
Expected life (in years)		—		—		4.7
Risk-free interest rate		—		—	1.8%
Dividend yield		—		—	2.9%
Expected volatility		—		—	29.8%

*There were no options granted during the years ended December 31, 2019 and 2018.

The following assumptions were used to value the ESPP shares:

	Years Ended December 31,
	2019		2018		2017
Expected life (years)		2.0		2.0		2.0
Risk-free interest rate	1.7 - 2.5%		2.2 - 2.7%		1.2 - 1.3%
Dividend yield	3.5 - 5.4%		3.6 - 3.9%		2.0 - 2.5%
Expected volatility	51.7 - 53.4%		39.4 - 41.7%		28.3 - 30.8%

Composition of Certain Financial Statement Captions (Tables)

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Other Current Assets

Other current assets consisted of the following (in thousands):

	December 31,
	2019		2018
Prepaid income taxes	$	2,364	$	6,768
Prepaid expenses		8,802		8,293
Other		2,569		2,373
	$	13,735	$	17,434

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

	December 31,
	2019			2018
Equipment, furniture and other	$	32,504		$	28,798
Building and improvements		18,258			18,258
Land		5,300			5,300
Leasehold improvements		8,103			6,367
		64,165			58,723
Less: Accumulated depreciation and amortization		(31,288	)		(27,686	)
	$	32,877		$	31,037

Schedule of Other Assets

Other assets consisted of the following (in thousands):

	December 31,
	2019		2018
Non-current income tax receivable (1)	$	64,570	$	—
Other assets		3,106		3,081
	$	67,676	$	3,081

(1)

See “Note 14 - Income Taxes” for detailed information concerning the year-over-year changes.

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

	December 31,
	2019		2018
Employee compensation and benefits	$	18,404	$	26,858
Third-party royalties		6,165		7,140
Accrued expenses		7,930		3,994
Current portion of operating lease liabilities		5,845		—
Other		3,089		7,344
	$	41,433	$	45,336

Schedule of Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):

	December 31,
	2019		2018
Long-term income tax payable (1)	$	76,767	$	15,493
Other		131		130
	$	76,898	$	15,623

(1)

See “Note 14 - Income Taxes” for detailed information concerning the year-over-year changes.

Schedule of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consisted of the following (in thousands):

	December 31,
	2019			2018
Net unrealized loss on available-for-sale debt securities, net of tax	$	(53	)	$	(328	)
	$	(53	)	$	(328	)

Schedule of Other Income and Expense, Net

Other income and expense, net, consisted of the following (in thousands):

	Years Ended December 31,
	2019		2018
Interest income from significant financing components under Topic 606	$	5,762	$	7,672
Interest income from investments		2,359		1,074
Realized and unrealized gain (loss) on marketable equity securities		10		(2,217	)
Other income		897		2,066
	$	9,028	$	8,595

Segment and Geographic Information - Schedule of Geographic Revenue Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 280,067	$ 406,133	$ 373,732
Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	100.00%	100.00%	100.00%
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 85,833	$ 88,513	$ 81,688
Japan \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	31.00%	22.00%	22.00%
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 74,790	$ 209,245	$ 50,155
Korea \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	27.00%	51.00%	13.00%
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 74,469	$ 53,245	$ 164,846
U.S. \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	26.00%	13.00%	44.00%
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 19,638	$ 31,864	$ 13,632
Europe and Middle East \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	7.00%	8.00%	4.00%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 25,337	$ 23,266	$ 63,411
Other \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	9.00%	6.00%	17.00%

Net Loss Per Share - Additional Information (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Shares of common stock excluded from the computation of net loss per share	1.3	2.9	3.0

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

The following table sets forth the Company’s segment revenue, operating expenses and operating income (loss) for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	Years Ended December 31,
	2019			2018			2017
Revenue:
Product licensing segment	$	198,124		$	219,708		$	167,923
Semiconductor and IP licensing segment		81,943			186,425			205,809
Total revenue		280,067			406,133			373,732
Operating expenses:
Product licensing segment		181,804			180,727			172,745
Semiconductor and IP licensing segment		44,074			73,519			87,838
Unallocated operating expenses (1)		122,897			127,907			144,649
Total operating expenses		348,775			382,153			405,232
Operating income (loss):
Product licensing segment		16,320			38,981			(4,822	)
Semiconductor and IP licensing segment		37,869			112,906			117,971
Unallocated operating expenses (1)		(122,897	)		(127,907	)		(144,649	)
Total operating income (loss)	$	(68,708	)	$	23,980		$	(31,500	)

Amortization and depreciation are included in segment operating income (loss) as shown below (in thousands):

	Years Ended December 31,
	2019		2018		2017
Amortization and depreciation:
Product licensing segment	$	93,403	$	93,582	$	95,823
Semiconductor and IP licensing segment		13,264		21,544		23,308
Total amortization and depreciation	$	106,667	$	115,126	$	119,131

Schedule of Geographic Revenue Information

The table below lists the geographic revenue from continuing operations for the periods indicated (in thousands):

	Years Ended December 31,
	2019					2018					2017
Japan	$	85,833		31	%	$	88,513		22	%	$	81,688		22	%
Korea		74,790		27			209,245		51			50,155		13
U.S.		74,469		26			53,245		13			164,846		44
Europe and Middle East		19,638		7			31,864		8			13,632		4
Other		25,337		9			23,266		6			63,411		17
	$	280,067	100%			$	406,133	100%			$	373,732	100%

Schedule of Property and Equipment, Net, by Geographical Area

As of December 31, 2019, 2018 and 2017 property and equipment, net, by geographical area are presented below (in thousands):

	December 31,
	2019		2018		2017
U.S.	$	28,273	$	29,123	$	32,862
Europe		4,391		1,533		1,019
Asia and other		213		381		561
Total	$	32,877	$	31,037	$	34,442

Acquisitions, Goodwill and Identified Intangible Assets - Schedule of Changes to Carrying Value of Goodwill (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Line Items]
Goodwill	$ 385,784	$ 385,784	$ 385,574
Product Licensing Segment
Goodwill [Line Items]
Goodwill	378,100
Semiconductor and IP Licensing Segment
Goodwill [Line Items]
Goodwill	$ 7,700

Income Taxes - Components of Income (loss) Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S.	$ (53,346)	$ 16,684	$ 8
Foreign	(29,711)	(9,774)	(58,351)
Total income (loss) before taxes from continuing operations	$ (83,057)	$ 6,910	$ (58,343)

Financial Instruments - Additional Information (Details) shares in Millions		12 Months Ended
	Jul. 05, 2019 shares	Dec. 31, 2019 USD ($) Derivative shares	Dec. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($)
Schedule Of Investments [Line Items]
Cash, cash equivalents and short -term investments		$ 121,500,000	$ 154,400,000
Unrealized loss net of tax on marketable debt securities		100,000	300,000
Impairment charges related to marketable debt securities		$ 0	$ 0	$ 0
Derivative, Number of Instruments Held \| Derivative		0
Onkyo Corporation
Schedule Of Investments [Line Items]
Number of common shares purchased \| shares		7.0
Ownership interest, percentage		6.30%
Number of investment shares sold \| shares	2.8		0.0
Equity securities, realized gains or losses on sales		$ 900,000
Marketable equity securities, unrealized losses		(900,000)	$ (2,200,000)	$ 0
Cumulative unrealized losses on the investment		2,300,000
Operating Accounts
Schedule Of Investments [Line Items]
Cash, cash equivalents and short -term investments		$ 72,000,000.0	$ 102,100,000

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets
Net operating losses	$ 10,142	$ 10,368
Research tax credits	13,475	14,717
Foreign tax credits		27,092
Expenses not currently deductible	14,640	14,623
Basis difference in fixed and intangible assets	3,593	3,494
Capitalized research expenses	23,785	8,965
Gross deferred tax assets	65,635	79,259
Valuation allowance	(37,243)	(41,942)
Net deferred tax assets	28,392	37,317
Deferred tax liabilities
Revenue recognition	(32,466)	(63,367)
Operating leases	(2,665)
Acquired intangible assets, domestic	(17,165)	(27,323)
Acquired intangible assets, foreign	(2,171)	(7,944)
Net deferred tax liabilities	$ (26,075)	$ (61,317)

Acquisitions, Goodwill and Identified Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Acquisitions Goodwill And Identified Intangible Assets [Abstract]

Schedule of Changes to Carrying Value of Goodwill

The changes to the carrying value of goodwill from January 1, 2018 through December 31, 2019 are reflected below (in thousands):

December 31, 2017	$	385,574
Goodwill acquired through a business acquisition		210	(1)
December 31, 2018	$	385,784
December 31, 2019	$	385,784	(2)

(1) Related to the acquisition of an emerging technology company in May 2018.

Identified Intangible Assets

Identified intangible assets consisted of the following (in thousands):

		December 31, 2019							December 31, 2018
	Average Life (Years)	Gross Assets		Accumulated Amortization			Net		Gross Assets		Accumulated Amortization			Net
Acquired patents / core technology	3-15	$	151,184	$	(135,952	)	$	15,232	$	146,684	$	(128,691	)	$	17,993
Existing technology	5-10		206,878		(130,890	)		75,988		206,878		(96,089	)		110,789
Customer contracts and related relationships	3-9		291,769		(174,741	)		117,028		291,769		(121,831	)		169,938
Trademarks/trade name	4-10		40,083		(16,056	)		24,027		40,083		(11,083	)		29,000
Non-competition agreements	1		2,231		(2,231	)		—		2,231		(2,231	)		—
Total intangible assets		$	692,145	$	(459,870	)	$	232,275	$	687,645	$	(359,925	)	$	327,720

Estimated Future Amortization Expense

As of December 31, 2019, the estimated future amortization expense of intangible assets is as follows (in thousands):

2020	$	88,793
2021		81,084
2022		32,645
2023		21,766
2024		5,463
Thereafter		2,524
	$	232,275

Recent Accounting Pronouncements - Cumulative Effect of Changes made to Consolidated Balance Sheet for Adoption of Topic 842 (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Current portion of operating lease liabilities	$ 5,845
Adjustments Due to Topic 842 \| Accounting Standards Update 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Deferred rent		$ 1,200
Current portion of operating lease liabilities		$ 5,100

Composition of Certain Financial Statement Captions - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Net unrealized loss on available-for-sale debt securities, net of tax	$ (53)	$ (328)
Accumulated other comprehensive income (loss)	$ (53)	$ (328)

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

Cash and Cash Equivalents

Short-term Investments

Marketable Debt Securities

Marketable Equity Securities

Marketable equity securities are measured at fair value with unrealized gains and losses recognized in other income and expense, net, on the Consolidated Statements of Operations.

Fair Value of Financial Instruments

Concentration of Credit and Other Risks

The following table sets forth revenue generated from customers which comprise 10% or more of total revenue for the periods indicated:

	Years Ended December 31,
	2019			2018			2017
SK hynix Inc.		17	%		12	%	*
Intel Corporation		11	%	*			*
Samsung Electronics, Co. Ltd.	*				38	%	*
Micron Technology, Inc.	*			*				11	%
Amkor Technologies, Inc.	*			*				10	%

* denotes less than 10% of total revenue.

Allowance for Doubtful Accounts

Goodwill and Identified Intangible Assets

For further discussion of goodwill and identified intangible assets, see “Note 9 – Acquisitions, Goodwill and Identified Intangible Assets.”

Debt Issuance Costs

Treasury Stock

Leases

Revenue Recognition

Indemnification

Research, Development and Other Related Costs

Stock-based Compensation Expense

Income Taxes

Contingencies

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the related assets’ estimated useful lives:

Equipment, furniture and other		1 to 5 years
Leasehold improvements		Lesser of related lease term or 5 years
Building and improvements		Up to 30 years

Expenditures that materially increase asset life are capitalized, while ordinary maintenance and repairs are expensed as incurred.

Foreign Currency Translation

Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary of Future Minimum Principal Payments for Long-term Debt, Including Current Portion

As of December 31, 2019, future minimum principal payments for long-term debt, including the current portion, are summarized as follows (in thousands):

2020	$	—
2021		—
2022		—
2023		344,000
Thereafter		—
Total	$	344,000

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt, net	$ 334,679	$ 482,193
Recurring
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt, net	334,679	482,193
Long-term debt, net - Estimated Fair Value	$ 335,642	$ 450,083

Financial Instruments - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Debt securities, Cost	$ 45,782	$ 37,622
Debt securities, Gross Unrealized Gains	33	0
Debt securities, Gross Unrealized Losses	(13)	(328)
Debt securities, Estimated Fair Values	45,802	37,294
Equity securities, Cost	6,006	17,161
Equity securities, Gross Unrealized Gains	0	0
Equity securities, Gross Unrealized Losses	(2,281)	(2,217)
Equity securities, Estimated Fair Values	3,725	14,944
Marketable securities, Cost	51,788	54,783
Marketable securities, Gross Unrealized Gains	33	0
Marketable securities, Gross Unrealized Losses	(2,294)	(2,545)
Marketable securities, Estimated Fair Values	49,527	52,238
Corporate bonds and notes
Marketable Securities [Line Items]
Debt securities, Cost	41,730	28,623
Debt securities, Gross Unrealized Gains	29	0
Debt securities, Gross Unrealized Losses	(13)	(275)
Debt securities, Estimated Fair Values	41,746	28,348
Commercial paper
Marketable Securities [Line Items]
Debt securities, Cost	4,052	2,999
Debt securities, Gross Unrealized Gains	4	0
Debt securities, Gross Unrealized Losses	0	0
Debt securities, Estimated Fair Values	4,056	2,999
Treasury and agency notes and bills
Marketable Securities [Line Items]
Debt securities, Cost		6,000
Debt securities, Gross Unrealized Gains		0
Debt securities, Gross Unrealized Losses		(53)
Debt securities, Estimated Fair Values		5,947
Money market funds
Marketable Securities [Line Items]
Equity securities, Cost	2,601	11,499
Equity securities, Gross Unrealized Gains	0	0
Equity securities, Gross Unrealized Losses	0	0
Equity securities, Estimated Fair Values	2,601	11,499
Marketable equity securities
Marketable Securities [Line Items]
Equity securities, Cost	3,405	5,662
Equity securities, Gross Unrealized Gains	0	0
Equity securities, Gross Unrealized Losses	(2,281)	(2,217)
Equity securities, Estimated Fair Values	1,124	3,445
Cash and cash equivalents
Marketable Securities [Line Items]
Marketable securities, Estimated Fair Values	2,601	11,499
Short-term Investments
Marketable Securities [Line Items]
Marketable securities, Estimated Fair Values	$ 46,926	$ 40,739

Recent Accounting Pronouncements (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Cumulative Effect of Changes made to Consolidated Balance Sheet for Adoption of Topic 842

The cumulative effect of the changes made to the Company's Consolidated Balance Sheet as of January 1, 2019 for the adoption of Topic 842 was as follows (in thousands):

	Balance at December 31, 2018		Adjustments due to Topic 842			Balance at January 1, 2019
Assets
Operating lease right-of-use assets	$	—	$	17,594		$	17,594
Liabilities
Accrued liabilities	$	45,336	$	3,858	(1)	$	49,194
Noncurrent operating lease liabilities	$	—	$	13,736		$	13,736

Revenue

12 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

Revenue

NOTE 4 – REVENUE

Revenue Recognition

Revenue is recognized gross of withholding taxes that are remitted directly by the Company’s licensees to a local tax authority.

For additional detail on the Company’s revenue disaggregated by geographic location, refer to “Note 16 - Segment and Geographic Information.”

Contract Balances

Unbilled Contracts Receivable

Deferred Revenue

Additional Disclosures Under Topic 606

The following table presents additional revenue and contract disclosures (in thousands):

	Years Ended December 31,
	2019		2018
Revenue recognized in the period from:
Amounts included in deferred revenue at the beginning of the period	$	3,130	$	2,347
Performance obligations satisfied in previous periods (true ups and licensee reporting adjustments)*	$	2,935	$	1,323

Remaining revenue under contracts with performance obligations represents the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied) under the Company’s engineering services contracts. The Company’s remaining revenue under contracts with performance obligations was as follows (in thousands):

	December 31,
	2019		2018
Revenue from contracts with performance obligations expected to be satisfied in:
One year or less	$	5,337	$	3,080
More than one year but less than two years		990		2,289
More than two years		345		—
Total	$	6,672	$	5,369

Practical Expedients

The Company and Basis of Presentation - Narrative (Details)

3 Months Ended

12 Months Ended

Dec. 18, 2019

USD ($)

Mar. 31, 2019

USD ($)

Dec. 31, 2019

USD ($)

customer

semiconductor_chip

Dec. 31, 2018

Jan. 23, 2018

USD ($)

Dec. 01, 2016

USD ($)

Organization Consolidation And Presentation [Line Items]

Other

$ (2,900,000)

$ (2,859,000)

^[1]

Common stock, conversion ratio

Term B Loan Facility

Organization Consolidation And Presentation [Line Items]

Debt Financing

$ 1,100,000,000

$ 494,000,000.0

$ 600,000,000

Research Entity

Organization Consolidation And Presentation [Line Items]

Ownership interest, percentage

83.00%

85.00%

TiVo

Organization Consolidation And Presentation [Line Items]

Ownership interest, percentage

53.50%

Common stock, conversion ratio

0.455

Xperi

Organization Consolidation And Presentation [Line Items]

Ownership interest, percentage

46.50%

Minimum

Organization Consolidation And Presentation [Line Items]

Number of customers with licenses | customer

100

Number of semiconductor chips | semiconductor_chip

100,000,000,000

[1]	Refer to “Note 1 – The Company and Basis of Presentation.”

Stock-Based Compensation Expense - Stock-Based Compensation Expense Categorized by Equity Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 31,554	$ 31,011	$ 33,462
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,304	2,599	2,573
Employee stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	219	438	1,980
Restricted stock awards and units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 29,031	$ 27,974	$ 28,909

Leases - Schedule of Other Information Related to Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 6,183
Operating lease, ROU assets obtained in exchange for new lease liabilities	$ 5,612
Operating leases, weighted average remaining lease term (years)	4 years 7 months 6 days
Operating leases, weighted average discount rate	5.70%

Shareholders' Equity - Summary of Stock Options Outstanding and Exercisable (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2019 $ / shares shares
$12.52 - $19.24
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	$ 12.52
Range of Exercise Prices, Upper End	$ 19.24
Number Outstanding (in thousands) \| shares	127
Weighted Average Remaining Contractual Life (in years)	3 years 5 months 8 days
Weighted Average Exercise Price per Share	$ 17.86
Number Exercisable (in thousands) \| shares	127
Weighted Average Exercise Price per Share	$ 17.86
$19.34 - $20.43
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	19.34
Range of Exercise Prices, Upper End	$ 20.43
Number Outstanding (in thousands) \| shares	139
Weighted Average Remaining Contractual Life (in years)	3 years 7 months 24 days
Weighted Average Exercise Price per Share	$ 19.92
Number Exercisable (in thousands) \| shares	139
Weighted Average Exercise Price per Share	$ 19.92
$20.63 - $22.45
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	20.63
Range of Exercise Prices, Upper End	$ 22.45
Number Outstanding (in thousands) \| shares	122
Weighted Average Remaining Contractual Life (in years)	5 years 9 months 3 days
Weighted Average Exercise Price per Share	$ 22.16
Number Exercisable (in thousands) \| shares	87
Weighted Average Exercise Price per Share	$ 22.05
$22.52 - $38.65
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	22.52
Range of Exercise Prices, Upper End	$ 38.65
Number Outstanding (in thousands) \| shares	97
Weighted Average Remaining Contractual Life (in years)	5 years 2 months 12 days
Weighted Average Exercise Price per Share	$ 32.30
Number Exercisable (in thousands) \| shares	87
Weighted Average Exercise Price per Share	$ 33.39
$43.77 - $43.77
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	43.77
Range of Exercise Prices, Upper End	$ 43.77
Number Outstanding (in thousands) \| shares	120
Weighted Average Remaining Contractual Life (in years)	1 year 1 month 17 days
Weighted Average Exercise Price per Share	$ 43.77
Number Exercisable (in thousands) \| shares	120
Weighted Average Exercise Price per Share	$ 43.77
$12.52 - $43.77
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	12.52
Range of Exercise Prices, Upper End	$ 43.77
Number Outstanding (in thousands) \| shares	605
Weighted Average Remaining Contractual Life (in years)	3 years 9 months 10 days
Weighted Average Exercise Price per Share	$ 26.68
Number Exercisable (in thousands) \| shares	560
Weighted Average Exercise Price per Share	$ 26.97

Fair Value - Fair Value Measurements, Nonrecurring (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accumulated amortization	$ 459,870	$ 359,925
Fair Value, Measurements, Nonrecurring \| Significant Unobservable Inputs (Level 3) \| Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accumulated amortization	$ 4,000	$ 3,300

Fair Value - Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 49,527	$ 52,238
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,725	14,944
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	45,802	37,294
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Money market funds - equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,601	11,499
Money market funds - equity securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,601	11,499
Money market funds - equity securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Money market funds - equity securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Marketable equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,124	3,445
Marketable equity securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,124	3,445
Marketable equity securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Marketable equity securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial paper - debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,056	2,999
Commercial paper - debt securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial paper - debt securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,056	2,999
Commercial paper - debt securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate bonds and notes - Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	41,746	28,348
Corporate bonds and notes - Debt securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate bonds and notes - Debt securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	41,746	28,348
Corporate bonds and notes - Debt securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	0
Treasury and agency notes and bills - Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		5,947
Treasury and agency notes and bills - Debt securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		0
Treasury and agency notes and bills - Debt securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		5,947
Treasury and agency notes and bills - Debt securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 0