0001564590-21-009444 | 10-K | XBRL Viewer

Leases (Tables)

12 Months Ended

Dec. 31, 2020

The components of operating lease costs were as follows (in thousands):

	Years Ended December 31,
	2020			2019		2018
Fixed lease cost ⁽¹⁾	$	17,407		$	6,876	$	7,188
Variable lease cost		3,648			1,095		—
Less: sublease income		(5,423	)		—		—
Total operating lease cost	$	15,632		$	7,971	$	7,188

(1) Includes short-term leases 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):

	Years Ended December 31,
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,770		$	6,183
ROU assets obtained in exchange for new lease liabilities:
Operating leases	$	5,775		$	5,612

	December 31, 2020			December 31, 2019
Weighted-average remaining lease term (years):
Operating leases	5.1			4.6
Weighted-average discount rate:
Operating leases		5.2	%		5.7	%

Schedule of Future Minimum Lease Payments and Related Lease Liabilities

Future minimum lease payments and related lease liabilities as of December 31, 2020 were as follows (in thousands):

	Operating Lease Payments (1)			Sublease Income			Net Operating Lease Payments
2021	$	21,825		$	(6,257	)	$	15,568
2022		18,420			(6,117	)		12,303
2023		16,776			(6,231	)		10,545
2024		15,719			(6,293	)		9,426
2025		14,635			(6,279	)		8,356
Thereafter		8,966			(935	)		8,031
Total lease payments		96,341			(32,112	)		64,229
Less: imputed interest		(12,205	)		—			(12,205	)
Present value of lease liabilities:	$	84,136		$	(32,112	)	$	52,024

Less: current obligations under leases (accrued liabilities)		17,893
Noncurrent operating lease liabilities	$	66,243

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

As of December 31, 2019, future minimum lease payments 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		(2,776	)
Present value of lease liabilities	$	19,259

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

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue:
Total revenue	$ 892,020	$ 280,067	$ 406,133
Operating expenses:
Research, development and other related costs	195,154	110,850	104,856
Selling, general and administrative	245,356	117,671	122,781
Depreciation expense	17,918	6,721	6,676
Amortization expense	156,826	99,946	108,450
Litigation expense	20,782	5,127	26,099
Total operating expenses	714,393	348,775	382,153
Operating income (loss)	177,627	(68,708)	23,980
Interest expense	(37,873)	(23,377)	(25,665)
Other income and expense, net	4,455	9,028	8,595
Loss on debt extinguishment	(8,300)	0	0
Income (loss) before taxes	135,909	(83,057)	6,910
Provision for (benefit from) income taxes	(7,887)	(19,024)	8,673
Net income (loss)	143,796	(64,033)	(1,763)
Less: Net loss attributable to noncontrolling interest	(2,966)	(1,503)	(1,474)
Net income (loss) attributable to the Company	$ 146,762	$ (62,530)	$ (289)
Income (loss) per share attributable to the Company:
Basic	$ 1.77	$ (1.27)	$ (0.01)
Diluted	$ 1.75	$ (1.27)	$ (0.01)
Weighted average number of shares used in per share calculations-basic	82,840	49,120	48,823
Weighted average number of shares used in per share calculations-diluted	83,856	49,120	48,823
Licensing, Services and Software
Revenue:
Total revenue	$ 876,603	$ 279,513	$ 404,940
Operating expenses:
Cost of revenue, excluding depreciation and amortization of intangible assets	57,280	8,129	12,713
Hardware
Revenue:
Total revenue	15,417	554	1,193
Operating expenses:
Cost of revenue, excluding depreciation and amortization of intangible assets	$ 21,077	$ 331	$ 578

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Available-for-sale debt securities, amortized cost	$ 86,963
Available-for-sale debt securities, allowance for credit losses	0
Allowance for credit losses	$ 7,336	$ 566
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	15,000,000	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)	350,000,000	150,000,000
Common stock, shares issued (in shares)	110,182,000	63,622,000
Common stock, shares outstanding (in shares)	104,775,000	49,620,000
Treasury stock, shares (in shares)	5,407,000	14,002,000

Revenue - Narrative (Details)	12 Months Ended
Revenue - Narrative (Details)	Dec. 31, 2020 segment RevenueModel
Revenue Recognition [Line Items]
Number of operating segments \| segment	2
Number of revenue models used for company licenses \| RevenueModel	3
Right to cancel subscription, period	30 days
Maximum
Revenue Recognition [Line Items]
Practical expedient, timing of revenue recognition differs from the timing of cash collection, period	1 year
Revenue recognition practical expedient amortization period	1 year
Practical expedient revenue expected to be recognized from unsatisfied performance obligations, duration	1 year

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Unamortized debt discount and issuance costs	$ 34,448	$ 9,321
Term B Loan Facility
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Unamortized debt discount and issuance costs	$ 34,400	$ 9,300

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement Of Stockholders Equity [Abstract]
Cash dividends paid on common stock, price per share	$ 0.50	$ 0.80	$ 0.80

Financial Instruments - Summary of Marketable Securities (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2020 USD ($)
Available-for-sale debt securities
Marketable Securities [Line Items]
Amortized costs	$ 86,963

Leases - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Operating Lease Payments
2020		$ 6,387
2021		4,558
2022		3,259
2023		3,235
2024		2,619
Thereafter		1,977
Total lease payments	$ 96,341	22,035
Less: imputed interest	(12,205)	(2,776)
Present value of lease liabilities:	84,136	19,259	$ 18,800
Current portion of operating lease liabilities	17,893	5,845
Noncurrent operating lease liabilities	$ 66,243	$ 13,414

Summary of Significant Accounting Policies - Identifiable Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2020
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

Fair Value

12 Months Ended

Dec. 31, 2020

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, 2019 and December 31, 2020.

The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of December 31, 2020 (in thousands):

	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds - equity securities (1)	$	3,849	$	3,849	$	—	$	—
Corporate bonds and notes - debt securities (2)		69,960		—		69,960		—
Treasury and agency notes and bills - debt securities (3)		32,299		—		32,299		—
Commercial paper - debt securities (3)		15,987		—		15,987		—
Total Assets	$	122,095	$	3,849	$	118,246	$	—

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

(2) Reported as AFS debt securities in the Consolidated Balance Sheet.

(3) Reported as cash and cash equivalents if purchased with an original maturity of three months or less at the date of purchase; otherwise reported as AFS debt securities in 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)	$	2,601	$	2,601	$	—	$	—
Marketable equity securities (2)		1,124		1,124		—		—
Corporate bonds and notes - debt securities (3)		41,746		—		41,746		—
Commercial paper - debt securities (3)		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 equity securities in the Consolidated Balance Sheet.

(3) Reported as AFS debt securities in the Consolidated Balance Sheet.

Financial Instruments Not Recorded at Fair Value

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

	December 31, 2020				December 31, 2019
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
2020 Term B Loan Facility ⁽¹⁾	$	839,302	$	842,579	$	—	$	—
2021 Convertible Notes		48		48		—		—
2018 Amended Term B Loan ⁽¹⁾		—		—		334,679		335,642
Total long-term debt, net	$	839,350	$	842,627	$	334,679	$	335,642

(1) Carrying amounts of long-term debt are net of unamortized debt discount and issuance costs of $34.4 million and $9.3 million as of December 31, 2020 and 2019, respectively. See “Note 11 – Debt” for additional information.

If reported at fair value in the Consolidated Balance Sheets, the Company’s debt would be classified within Level 2 of the fair value hierarchy. The fair value of the debt was estimated based on the quoted market prices for the same or similar issues.

Non-Recurring Fair Value Measurements

For purchase accounting related fair value measurements, see “Note 9 – Business Combination.”

- 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

Composition Of Certain Financial Statement Captions - Schedule of Other Income and Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Interest income from significant financing components	$ 892,020	$ 280,067	$ 406,133
Interest income from investments	1,338	2,359	1,074
Realized and unrealized gain (loss) on marketable equity securities	(707)	10	(2,217)
Other income	1,122	897	2,066
Other income and expense, net	4,455	9,028	8,595
Financing
Disaggregation of Revenue [Line Items]
Interest income from significant financing components	$ 2,702	$ 5,762	$ 7,672

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Goodwill and Identified Intangible Assets - Summary of Changes to Carrying Value of Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, beginning	$ 385,784
Goodwill acquired through the Mergers (1)	461,129
Purchase price adjustment related to the Mergers (2)	116
Goodwill, ending	$ 847,029

Goodwill and Identified Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
2021	$ 202,453
2022	154,014
2023	143,134
2024	104,330
2025	79,862
Thereafter	299,186
Finite-lived intangible assets, Net	$ 982,979	$ 232,275

Business Combination - Schedule of Preliminary Fair Value that Allocated to Assets and Liabilities (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Identifiable intangible assets:
Goodwill		$ 847,029	$ 385,784	$ 385,784
Minimum
Business Acquisition [Line Items]
Estimated Useful Life (years)		1 year
Maximum
Business Acquisition [Line Items]
Estimated Useful Life (years)		15 years
Trademarks and tradenames \| Minimum
Business Acquisition [Line Items]
Estimated Useful Life (years)		4 years
Trademarks and tradenames \| Maximum
Business Acquisition [Line Items]
Estimated Useful Life (years)		10 years
TiVo Merger
Business Acquisition [Line Items]
Cash and cash equivalents		$ 117,424
Accounts receivable		105,778
Unbilled contracts receivable		69,058
Other current assets		21,923
Long-term unbilled contracts receivable		129
Property and equipment		41,307
Operating lease right-of-use assets		71,444
Identifiable intangible assets:
Total identifiable intangible assets		878,000
Goodwill		461,245
Other long-term assets		43,559
Accounts payable		(13,258)
Accrued legal fees		(5,619)
Accrued liabilities		(79,601)
Current portion of deferred revenue		(29,291)
Current portion of long-term debt		(734,609)
Deferred revenue, less current portion		(24,319)
Long-term deferred tax liabilities		(27,528)
Long-term debt		(48)
Noncurrent operating lease liabilities		(59,291)
Other long-term liabilities		(7,969)
Total purchase price		828,334
TiVo Merger \| Preliminary Fair Value
Business Acquisition [Line Items]
Cash and cash equivalents		117,424
Accounts receivable		105,778
Unbilled contracts receivable		69,058
Other current assets		21,690
Long-term unbilled contracts receivable		129
Property and equipment		41,307
Operating lease right-of-use assets		71,444
Identifiable intangible assets:
Total identifiable intangible assets		878,000
Goodwill		461,129
Other long-term assets		43,700
Accounts payable		(13,258)
Accrued legal fees		(5,619)
Accrued liabilities		(79,071)
Current portion of deferred revenue		(29,291)
Current portion of long-term debt		(734,609)
Deferred revenue, less current portion		(24,319)
Long-term deferred tax liabilities		(27,949)
Long-term debt		(48)
Noncurrent operating lease liabilities		(59,291)
Other long-term liabilities		(7,870)
Total purchase price		828,334
TiVo Merger \| Measurement Period Adjustments
Business Acquisition [Line Items]
Other current assets		233
Identifiable intangible assets:
Goodwill		116
Other long-term assets		(141)
Accrued liabilities		(530)
Long-term deferred tax liabilities		421
Other long-term liabilities		$ (99)
TiVo Merger \| Patents
Business Acquisition [Line Items]
Estimated Useful Life (years)	10 years
Identifiable intangible assets:
Total identifiable intangible assets	$ 457,400
TiVo Merger \| Customer contracts and related relationships
Identifiable intangible assets:
Total identifiable intangible assets	$ 358,200
TiVo Merger \| Customer contracts and related relationships \| Minimum
Business Acquisition [Line Items]
Estimated Useful Life (years)	4 years
TiVo Merger \| Customer contracts and related relationships \| Maximum
Business Acquisition [Line Items]
Estimated Useful Life (years)	9 years
TiVo Merger \| Developed technology
Business Acquisition [Line Items]
Estimated Useful Life (years)	5 years
Identifiable intangible assets:
Total identifiable intangible assets	$ 34,800
TiVo Merger \| Content database
Business Acquisition [Line Items]
Estimated Useful Life (years)	9 years
Identifiable intangible assets:
Total identifiable intangible assets	$ 6,200
TiVo Merger \| Trademarks and tradenames
Identifiable intangible assets:
Total identifiable intangible assets	$ 21,400

Segment and Geographic Information - Additional Information (Details) - segment	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Number of principal businesses segment	2
Total Revenue \| Customer Two \| Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage (or more)	10.00%	10.00%	10.00%

Benefit Plan - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract]
Company contributions to 401(k) Plan	$ 4.2	$ 3.0	$ 2.9

Revenue - Schedule of Revenue Disaggregated by Product Category/End Market (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 892,020	$ 280,067	$ 406,133
Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	376,101	198,124	218,349
IP Licensing Revenue
Disaggregation of Revenue [Line Items]
Total revenue	515,919	81,943	187,784
Consumer Experience \| Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	173,719	116,130	135,354
Pay TV \| Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	131,920
Connected Car \| Product Revenue
Disaggregation of Revenue [Line Items]
Total revenue	$ 70,462	$ 81,994	$ 82,995

- Definition

+ References

+ Details

Financial Instruments - Fair Value and Gross Unrealized Losses Related to Individual Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	$ 66,125	$ 20,031
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(46)	(10)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value		8,753
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses		(3)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	66,125	28,784
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	(46)	(13)
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	53,137	20,031
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(42)	(10)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Fair Value		8,753
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 months or more, Gross Unrealized Losses		(3)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	53,137	28,784
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	(42)	$ (13)
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	12,988
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Gross Unrealized Losses	(4)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	12,988
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses	$ (4)

Commitments and Contingencies

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 16 – COMMITMENTS AND CONTINGENCIES

Purchase and Other Contractual Obligations

In the ordinary course of business, the Company enters into contractual agreements with third parties that include non-cancelable payment obligations, for which it is liable in future periods. These arrangements primarily include unconditional purchase obligations to service providers. Total future unconditional purchase obligations as of December 31, 2020 were as follows (in thousands):

2021	$	41,291
2022		25,654
2023		22,621
2024		10,698
2025		8,292
Thereafter		40,861
Total	$	149,417

Additionally, under certain other contractual arrangements, the Company may be obligated to pay up to $3.5 million, a majority of which is expected to be paid in 2021, if certain milestones are achieved.

On December 31, 2019, TiVo entered into a contract requiring the Company to generate a minimum number of Qualified Referred Subscribers (as defined in the contract) over a 30 month period. In the event that the aggregate number of Qualified Referred Subscribers generated by the Company within the specified time period is less than the minimum guaranteed subscribers, the Company is required to pay an amount equal to the shortfall between the number of Qualified Referred

Subscribers generated by the Company and the required minimum multiplied by a per Qualified Referred Subscribers fee, up to a maximum of $5.0 million. As of December 31, 2020, $2.6 million was accrued in the Consolidated Balance Sheets related to this contract.

Inventory Purchase Commitment

The Company uses contract manufacturers to provide manufacturing services for its products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate supply, the Company enters into agreements with its contract manufacturers that either allow them to procure inventory based on criteria as defined by the Company or that establish the parameters defining the Company’s requirements. A significant portion of the Company’s purchase commitments arising from these agreements consist of firm, non-cancelable and unconditional purchase commitments. In certain instances, these agreements allow the Company the option to cancel, reschedule or adjust the Company’s requirements based on its business needs prior to firm orders being placed. As of December 31, 2020, the Company had total purchase commitments for inventory of $4.2 million, of which $0.5 million was accrued in the Consolidated Balance Sheets.

Indemnifications

In the normal course of business, the Company provides indemnifications of varying scopes and amounts to certain of its licensees, customers, and business partners against claims made by third parties arising from the use of the Company's products, intellectual property, services or technologies. The Company cannot reasonably estimate the possible range of losses that may be incurred pursuant to its indemnification obligations, if any. Variables affecting any such assessment include, but are not limited to: the nature of the claim asserted; the relative merits of the claim; the financial ability of the party suing the indemnified party to engage in protracted litigation; the number of parties seeking indemnification; the nature and amount of damages claimed by the party suing the indemnified party; and the willingness of such party to engage in settlement negotiations. To date, no such claims have been filed against the Company and no liability has been recorded in the Company’s financial statements.

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

Contingencies

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

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

The existing and any future legal actions may harm the Company’s business. For example, legal actions could cause an existing licensee or strategic partner to cease making royalty or other payments to the Company, or to challenge the validity and enforceability of patents owned by the Company’s subsidiaries or the scope of license agreements with the Company’s subsidiaries, or could significantly damage the Company’s relationship with such licensee or strategic partner and, as a result, prevent the adoption of the Company’s other technologies by such licensee or strategic partner. Litigation could also severely disrupt or shut down the business operations of licensees or strategic partners of the Company’s subsidiaries, which in turn would significantly harm ongoing relations with them and cause the Company to lose royalty revenue.

The costs associated with legal proceedings are typically high, relatively unpredictable, and not completely within the Company’s control. These costs may be materially higher than expected, which could adversely affect the Company’s operating results and lead to volatility in the price of its common stock. Whether or not determined in the Company’s favor or ultimately settled, litigation diverts managerial, technical, legal, and financial resources from the Company’s business operations. Furthermore, an adverse decision in any of these legal actions could result in a loss of the Company’s proprietary rights, subject the Company to significant liabilities, require the Company to seek licenses from others, limit the value of the Company’s licensed technology or otherwise negatively impact the Company’s stock price or its business and consolidated financial results.

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020, 2019 and 2018 (in thousands):

	Years Ended December 31,
	2020				2019			2018
Revenue:
Product segment	$	376,101			$	198,124		$	218,349
IP Licensing segment		515,919				81,943			187,784
Total revenue		892,020				280,067			406,133
Operating expenses:
Product segment		351,913				186,562			185,370
IP Licensing segment		113,363				44,542			74,002
Unallocated operating expenses (1)		249,117		(2)		117,671			122,781
Total operating expenses		714,393				348,775			382,153
Operating income (loss):
Product segment		24,188				11,562			32,979
IP Licensing segment		402,556				37,401			113,782
Unallocated operating expenses (1)		(249,117	)			(117,671	)		(122,781	)
Total operating income (loss)	$	177,627			$	(68,708	)	$	23,980

(1)

Unallocated operating expenses consist primarily of selling, marketing, general and administrative expenses, such as administration, human resources, finance, information technology, corporate development and procurement. These expenses are not allocated because these amounts are not considered in evaluating the operating performance of the Company’s business segments.

(2)

Includes approximately $29.4 million in one-time transaction costs related to the Mergers and $14.3 million in post-merger severance and retention costs.

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

	Years Ended December 31,
	2020		2019		2018
Amortization and depreciation:
Product segment	$	111,129	$	93,402	$	93,582
IP Licensing segment		59,881		13,264		21,544
Unallocated		3,734		—		—
Total amortization and depreciation	$	174,744	$	106,666	$	115,126

Schedule of Geographic Revenue Information

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

	Years Ended December 31,
	2020					2019					2018
U.S.	$	548,857		62	%	$	74,469		26	%	$	53,245		13	%
Japan		114,195		13			85,833		31			88,513		22
Korea		110,782		12			74,790		27			209,245		51
Europe and Middle East		38,830		4			19,638		7			31,864		8
Other		79,356		9			25,337		9			23,266		6
	$	892,020	100%			$	280,067	100%			$	406,133	100%

Schedule of Property and Equipment, Net, by Geographical Area

As of December 31, 2020, 2019 and 2018, property and equipment, net, by geographic area are presented below (in thousands):

	December 31,
	2020		2019		2018
U.S.	$	54,818	$	28,273	$	29,123
Europe		4,842		4,391		1,533
Asia and other		3,547		213		381
Total	$	63,207	$	32,877	$	31,037

Financial Instruments - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Marketable Securities [Line Items]
Debt securities, Cost	$ 118,263	$ 45,782
Debt securities, Gross Unrealized Gains	29	33
Debt securities, Gross Unrealized Losses	(46)	(13)
Debt securities, Allowance for Credit Losses	0
Debt securities, Estimated Fair Values	118,246	45,802
Equity securities, Cost	3,849	6,006
Equity securities, Gross Unrealized Gains	0	0
Equity securities, Gross Unrealized Losses	0	(2,281)
Equity securities, Allowance for Credit Losses	0
Equity securities, Estimated Fair Values	3,849	3,725
Marketable securities, Cost	122,112	51,788
Marketable securities, Gross Unrealized Gains	29	33
Marketable securities, Gross Unrealized Losses	(46)	(2,294)
Marketable securities, Allowance for Credit Losses	0
Marketable securities, Estimated Fair Values	122,095	49,527
Available-for-sale debt securities
Marketable Securities [Line Items]
Marketable securities, Estimated Fair Values	86,947	45,802
Corporate bonds and notes
Marketable Securities [Line Items]
Debt securities, Cost	69,973	41,730
Debt securities, Gross Unrealized Gains	29	29
Debt securities, Gross Unrealized Losses	(42)	(13)
Debt securities, Allowance for Credit Losses	0
Debt securities, Estimated Fair Values	69,960	41,746
Commercial paper
Marketable Securities [Line Items]
Debt securities, Cost	15,991	4,052
Debt securities, Gross Unrealized Gains	0	4
Debt securities, Gross Unrealized Losses	(4)	0
Debt securities, Allowance for Credit Losses	0
Debt securities, Estimated Fair Values	15,987	4,056
Treasury and agency notes and bills
Marketable Securities [Line Items]
Debt securities, Cost	32,299
Debt securities, Gross Unrealized Gains	0
Debt securities, Gross Unrealized Losses	0
Debt securities, Allowance for Credit Losses	0
Debt securities, Estimated Fair Values	32,299
Money market funds
Marketable Securities [Line Items]
Equity securities, Cost	3,849	2,601
Equity securities, Gross Unrealized Gains	0	0
Equity securities, Gross Unrealized Losses	0	0
Equity securities, Allowance for Credit Losses	0
Equity securities, Estimated Fair Values	3,849	2,601
Cash and cash equivalents
Marketable Securities [Line Items]
Marketable securities, Estimated Fair Values	35,148
Marketable equity securities
Marketable Securities [Line Items]
Equity securities, Cost		3,405
Equity securities, Gross Unrealized Gains		0
Equity securities, Gross Unrealized Losses		(2,281)
Equity securities, Estimated Fair Values	$ 0	1,124
Equity securities
Marketable Securities [Line Items]
Marketable securities, Estimated Fair Values		$ 1,124

Income Taxes

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 15 – INCOME TAXES

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

	Years Ended December 31,
	2020			2019			2018
U.S.	$	140,428		$	(53,346	)	$	16,684
Foreign		(4,519	)		(29,711	)		(9,774	)
Total income (loss) before taxes from continuing operations	$	135,909		$	(83,057	)	$	6,910

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

	Years Ended December 31,
	2020			2019			2018
Current:
U.S. federal	$	15,175		$	68,772		$	290
Foreign		1,523			(42,147	)		22,668
State and local		10,124			94			10
Total current		26,822			26,719			22,968
Deferred:
U.S. federal		(28,154	)		(41,826	)		(10,766	)
Foreign		(1,132	)		(4,145	)		(3,191	)
State and local		(5,423	)		228			(338	)
Total deferred		(34,709	)		(45,743	)		(14,295	)
Provision for (benefit from) income taxes	$	(7,887	)	$	(19,024	)	$	8,673

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,
	2020			2019
Deferred tax assets
Net operating losses	$	144,064		$	10,142
Research tax credits		82,378			13,475
Foreign tax credits		106,795			—
Expenses not currently deductible		44,232			14,276
Basis difference in fixed and intangible assets		7,206			3,593
Deferred revenue		20,828			—
Capitalized research expenses		61,296			23,785
Lease liability		17,995			364
Gross deferred tax assets		484,794			65,635
Valuation allowance		(287,895	)		(37,243	)
Net deferred tax assets		196,899			28,392
Deferred tax liabilities
Revenue recognition		(7,733	)		(32,466	)
Operating leases		(17,535	)		(2,665	)
Acquired intangible assets, domestic		(185,662	)		(17,165	)
Acquired intangible assets, foreign		(33	)		(2,171	)
Other		(3,004	)		—
Net deferred tax liabilities	$	(17,068	)	$	(26,075	)

At December 31, 2020 and 2019, the Company had a valuation allowance of $287.9 million and $37.2 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 $250.7 million increase from the prior year is primarily comprised of a net $281.7 million increase as a result of the Mergers, offset by a net decrease of $31.0 million primarily from the utilization of tax attributes as a result of the Comcast license agreement.

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. After considering both positive and negative evidence to assess the recoverability of the Company’s net deferred tax assets, the Company determined that it was not more-likely-than-not that it would realize its federal, certain state and certain foreign deferred tax assets given the substantial amount of tax attributes that will remain unutilized to offset reversing deferred tax liabilities as of December 31, 2020. The Company intends to continue maintaining a full valuation allowance on its federal deferred tax assets

until there is sufficient evidence to support the reversal of all or some portion of these allowances. However, given the Company’s current earnings and anticipated future earnings, the Company believes that there is a reasonable possibility that within the next 12 months, sufficient positive evidence may become available to allow the Company to reach a conclusion that a significant portion of the federal valuation allowance will no longer be needed. Release of the valuation allowance would result in the recognition of certain federal deferred tax assets and a decrease to income tax expense for the period the release is recorded. However, the exact timing and amount of the valuation allowance release are subject to change on the basis of the level of profitability that the Company is able to actually achieve.

As of December 31, 2020, the Company had federal net operating loss carryforwards of approximately $509.2 million and state net operating loss carryforwards of approximately $1,133.1 million (post-apportioned). All of the federal net operating loss carryforwards are carried over from TiVo. The state net operating loss carryforwards are carried over from acquired entities, including TiVo in 2020, 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 2021 and will continue to expire through 2035. 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 2039.

In addition, the Company has research tax credit carryforwards of approximately $82.9 million for federal purposes, which were carried over from prior years. The federal research tax credit will start to expire in 2021 and will continue to expire through 2040. The Company also has research tax credit carryforwards of approximately $82.2 million for state purposes and $0.6 million for foreign purposes, which do not expire. The Company has $128.1 million of foreign tax credit carryforwards which will begin to expire in 2021 and will continue to expire through 2030. 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 Cuts and Jobs 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,
	2020			2019			2018
U.S. federal statutory rate	$	28,541		$	(17,442	)	$	1,451
State, net of federal benefit		(1,530	)		281			59
Stock-based compensation expense		2,471			2,807			3,883
Executive compensation limitation		2,132			411			1,538
Research tax credit		(1,576	)		(2,038	)		248
Foreign withholding tax		9,391			10,328			33,063
Transaction costs		8,216			974			—
Foreign tax rate differential		921			1,907			474
Foreign tax credit		(2,647	)		(7,795	)		(33,554	)
Change in valuation allowance		(47,649	)		(8,238	)		7,721
U.S. tax reform		(1,845	)		(2,970	)		(6,333	)
Unrecognized tax benefits		3,049			2,994			300
Change in estimates		(1,355	)		(1,300	)		(10	)
Foreign exchange		(7,438	)		—			—
Others		1,432			1,057			(167	)
Total	$	(7,887	)	$	(19,024	)	$	8,673

At December 31, 2020, 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 $205.7 million. Substantially all of these earnings will not be taxable upon repatriation to the United States since under the Tax Cuts and Jobs 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 2019, the Company filed a refund claim for foreign taxes previously withheld from licensees in South Korea based on court rulings in South Korea and other business factors. These previously withheld foreign taxes were claimed as a foreign tax credit in the U.S. As a result of the 2019 refund claim and a planned refund claim for 2020, the

Company recorded $123.0 million and $65.2 million as a noncurrent income tax receivable at December 31, 2020 and 2019, respectively, $62.3 million and $48.2 million as a noncurrent income tax payable at December 31, 2020 and 2019, respectively, and $36.7 million and $17.0 million as a reduction in deferred tax assets at December 31, 2020 and 2019, respectively.

As of December 31, 2020, unrecognized tax benefits approximated $233.2 million, of which $100.4 million would affect the effective tax rate if recognized. 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. The Company believes that its unrecognized tax benefits as of December 31, 2020 will decrease by approximately $5.8 million within the next twelve months due to expiring statutes of limitation.

The reconciliation of the Company’s unrecognized tax benefits for the years ended December 31, 2020, 2019 and 2018 is as follows (in thousands):

	Years Ended December 31,
	2020			2019			2018
Total unrecognized tax benefits at January 1	$	87,294		$	33,552		$	33,506
Increases due to the Mergers		103,443			—			—
Increases for tax positions related to the current year		46,978			54,823			586
Increases for tax positions related to prior years		2,541			178			—
Decreases for tax positions related to prior years		(7,100	)		(1,259	)		(540	)
Total unrecognized tax benefits at December 31	$	233,156		$	87,294		$	33,552

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, 2020, 2019 and 2018, the Company recognized an insignificant amount of interest and penalties related to unrecognized tax benefits. Accrued interest and penalties were $2.5 million and $1.2 million as of December 31, 2020 and 2019, respectively.

At December 31, 2020, the Company’s 2016 through 2019 tax years are generally open and subject to potential examination in one or more jurisdictions. Earlier tax years for the Company and its subsidiaries are also open in certain jurisdictions which are currently subject to examination. In addition, in the U.S., any net operating losses or credits that were generated in prior years but not yet fully utilized in a year that is closed under the statute of limitations may also be subject to examination. The Company has submitted a withholding tax refund claim with the South Korean authorities and the final outcome is not anticipated to be settled within the next twelve months.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Summary of Significant Accounting Policies - Long-Lived Assets (Details)	12 Months Ended
	Dec. 31, 2020
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

Revenue - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	$ 566
Balance at end of period	7,336	$ 566
Accounts Receivable
Accounts Notes And Loans Receivable [Line Items]
Beginning balance	566	779	$ 1,181
Provision for credit losses	7,418	(74)	417
Recoveries/charged-off	(648)	(139)	(819)
Balance at end of period	7,336	$ 566	$ 779
Unbilled Contracts Receivable
Accounts Notes And Loans Receivable [Line Items]
Provision for credit losses	2,231
Balance at end of period	$ 2,231

Net Income (Loss) Per Share - Additional Information (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Shares of common stock excluded from the computation of net income (loss) per share	2.1	1.3	2.9

Revenue - Schedule of Revenue Recognized in Period (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue From Contract With Customer [Abstract]
Amounts included in deferred revenue at the beginning of the period	$ 720	$ 3,130	$ 2,347
Amounts included in deferred revenue acquired from the Mergers	20,271
Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements)	$ 296,031	$ 2,935	$ 1,323

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020 USD ($) customer	Dec. 31, 2019 USD ($) customer	Dec. 31, 2018 USD ($)
Summary of Significant Accounting Policies [Line Items]
Advertising expense \| $	$ 11.4	$ 5.0	$ 5.0
Aggregate trade receivables \| Credit Concentration Risk
Summary of Significant Accounting Policies [Line Items]
Number of customers, concentration of risk disclosure \| customer	2	3
Customer One \| Aggregate trade receivables \| Credit Concentration Risk
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage (or more)	17.00%	17.00%
Customer Two \| Aggregate trade receivables \| Credit Concentration Risk
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage (or more)	11.00%	14.00%
Customer Three \| Aggregate trade receivables \| Credit Concentration Risk
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage (or more)		11.00%

Composition Of Certain Financial Statement Captions - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Employee compensation and benefits	$ 55,449	$ 18,404
Third-party royalties	5,906	6,165
Accrued expenses	24,809	7,930
Accrued severance	5,332
Current portion of operating lease liabilities	$ 17,893	$ 5,845
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccruedLiabilitiesCurrent	us-gaap:AccruedLiabilitiesCurrent
Other	$ 19,646	$ 3,089
Accrued liabilities, total	$ 129,035	$ 41,433

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 01, 2016
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	$ 839,350	$ 334,679
2021 Convertible Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	873,800	344,000
2018 Amended Term B Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount			$ 600,000
Recurring
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	839,350	334,679
Total long-term debt, net - Estimated Fair Value	842,627	335,642
Recurring \| 2020 Term B Loan Facility
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	839,302	0
Total long-term debt, net - Estimated Fair Value	842,579	0
Recurring \| 2021 Convertible Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	48	0
Total long-term debt, net - Estimated Fair Value	48	0
Recurring \| 2018 Amended Term B Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total long-term debt, net - Carrying Amount	0	334,679
Total long-term debt, net - Estimated Fair Value	$ 0	$ 335,642

Stock-Based Compensation Expense - Schedule of Assumptions Used to Value Options Granted (Parenthetical) (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, options granted	0	0	0
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, options granted		0	0

Goodwill and Identified Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Identified Intangible Assets

NOTE 10 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS

The changes to the carrying value of goodwill from January 1, 2019 through December 31, 2020 are reflected below (in thousands):

December 31, 2018	$	385,784
December 31, 2019	$	385,784
Goodwill acquired through the Mergers (1)		461,129
Purchase price adjustment related to the Mergers (2)		116
December 31, 2020 (3)	$	847,029

(1) In connection with the TiVo Merger, the Company recorded $461.1 million of goodwill, representing the preliminary fair value as of the effective date of the Mergers. See “Note 9 – Business Combination” for additional details.

(2) Representing measurement period adjustments primarily related to current indirect taxes payable, current and non-current income taxes receivable and payable, and deferred taxes as additional information was received and tax returns were finalized. See “Note 9 – Business Combination” for additional details.

(3)

Of this amount, approximately $523.8 million is allocated to the Company’s Product reporting segment and approximately $323.2 million is allocated to its IP Licensing reporting segment.

Goodwill at each reporting unit is evaluated for potential impairment annually, as of the beginning of the fourth quarter, and whenever events or changes in circumstances indicate the carrying amount of goodwill may not be recoverable. The process of evaluating goodwill for potential impairment is subjective and requires significant estimates, assumptions and judgments particularly related to the identification of reporting units, the assignment of assets and liabilities to reporting units and estimating the fair value of each reporting unit.

During the first quarter of 2020, the COVID-19 pandemic rapidly spread globally and has created unprecedented disruptions in economic activity and financial markets. Due to resulting changes in macroeconomic conditions, industry outlook, and a meaningful decline in the Company’s share price, indicators of potential goodwill impairment were identified. The Company proceeded with a quantitative interim goodwill impairment test as of March 31, 2020. Based on the quantitative assessment, the Company concluded that the fair value of the reporting units exceeded the carrying amount for both Product Licensing and Semiconductor and IP Licensing. As a result, no goodwill impairment charges were recognized in the three months ended March 31, 2020.

During the fourth quarter of 2020, the COVID-19 pandemic continued to have a significant and negative impact on business and economic activities in the U.S. and around the world. The resulting global economic downturn had negatively impacted, and was expected to continue to negatively impact, the Company’s consolidated financial results for the remainder of 2020 and into 2021. Due to continued reduction in demand in certain markets and industries, including the automotive market, as well as declines in the Company’s share price, management concluded there were indicators of potential goodwill impairment. The Company proceeded with a quantitative annual goodwill impairment test using the financial information as of September 30, 2020. Based on the quantitative assessment, the Company concluded that the fair value of the reporting units exceeded the carrying amount for both the Product and IP Licensing reporting units. As a result, no goodwill impairment charges were recognized in the three months ended December 31, 2020. 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, 2020.

When performing 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 fair value using an income approach is estimated through the discounted cash flow method based on assumptions about future conditions such as revenue growth rates, operating expenses, EBITDA, discount rates, and other assumptions. Market approaches used by management include the market comparable method, which estimates the fair value based on revenue multiples from comparable companies in similar lines of business, and the market transaction method, which estimates the fair value of the reporting unit by utilizing comparable transactions and transaction multiples.

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

		December 31, 2020							December 31, 2019
	Average Life (Years)	Gross Assets		Accumulated Amortization			Net		Gross Assets		Accumulated Amortization			Net
Finite-lived intangible assets
Acquired patents / core technology (1)	3-15	$	659,085	$	(167,916	)	$	491,169	$	151,184	$	(135,952	)	$	15,232
Existing technology / content database (2) (3)	5-10		248,110		(169,326	)		78,784		206,878		(130,890	)		75,988
Customer contracts and related relationships (4)	3-9		650,171		(256,199	)		393,972		291,769		(174,741	)		117,028
Trademarks/trade name	4-10		40,083		(21,029	)		19,054		40,083		(16,056	)		24,027
Non-competition agreements	1		2,231		(2,231	)		—		2,231		(2,231	)		—
Total finite-lived intangible assets			1,599,680		(616,701	)		982,979		692,145		(459,870	)		232,275
Indefinite-lived intangible assets
TiVo Tradename/trademarks (5)	N/A		21,400		—			21,400		—		—			—
Total intangible assets		$	1,621,080	$	(616,701	)	$	1,004,379	$	692,145	$	(459,870	)	$	232,275

(1)

In June 2020, $457.4 million of patents was acquired through the Mergers. See “Note 9 – Business Combination.”

(2)

In June 2020, $34.8 million of existing (developed) technology was acquired through the Mergers. See “Note 9 – Business Combination.”

(3)

In June 2020, $6.2 million of content database was acquired through the Mergers. See “Note 9 – Business Combination.”

(4)

In June 2020, $358.2 million of customer contracts and related relationships was acquired through the Mergers. See “Note 9 – Business Combination.”

(5)

In June 2020, $21.4 million of TiVo tradename/trademarks was acquired through the Mergers. See “Note 9 – Business Combination.”

As of December 31, 2020, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands):

2021	$	202,453
2022		154,014
2023		143,134
2024		104,330
2025		79,862
Thereafter		299,186
	$	982,979

Business Combination - Schedule of Unaudited Pro Forma Financial Information (Details) - TiVo Merger - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Revenue	$ 1,142,603	$ 941,005
Net income (loss) attributable to Xperi Holding Corporation	$ 9,775	$ (562,153)

Segment and Geographic Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 892,020	$ 280,067	$ 406,133
Total operating expenses	714,393	348,775	382,153
Total operating income (loss)	177,627	(68,708)	23,980
Total amortization and depreciation	174,744	106,666	115,126
Unallocated	3,734
Operating Segments \| Product Licensing Segment
Segment Reporting Information [Line Items]
Total revenue	376,101	198,124	218,349
Total operating expenses	351,913	186,562	185,370
Total operating income (loss)	24,188	11,562	32,979
Total amortization and depreciation	111,129	93,402	93,582
Operating Segments \| IP Licensing Segment
Segment Reporting Information [Line Items]
Total revenue	515,919	81,943	187,784
Total operating expenses	113,363	44,542	74,002
Total operating income (loss)	402,556	37,401	113,782
Total amortization and depreciation	59,881	13,264	21,544
Unallocated Operating Expenses
Segment Reporting Information [Line Items]
Total operating expenses	249,117	117,671	122,781
Total operating income (loss)	$ (249,117)	$ (117,671)	$ (122,781)

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets
Net operating losses	$ 144,064	$ 10,142
Research tax credits	82,378	13,475
Foreign tax credits	106,795
Expenses not currently deductible	44,232	14,276
Basis difference in fixed and intangible assets	7,206	3,593
Deferred revenue	20,828
Capitalized research expenses	61,296	23,785
Lease liability	17,995	364
Gross deferred tax assets	484,794	65,635
Valuation allowance	(287,895)	(37,243)
Net deferred tax assets	196,899	28,392
Deferred tax liabilities
Revenue recognition	(7,733)	(32,466)
Operating leases	(17,535)	(2,665)
Acquired intangible assets, domestic	(185,662)	(17,165)
Acquired intangible assets, foreign	(33)	(2,171)
Other	(3,004)
Net deferred tax liabilities	$ (17,068)	$ (26,075)

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, 2020	Dec. 31, 2019	Dec. 31, 2018
Comcast Corporation
Concentration Risk [Line Items]
Concentration risk, percentage (or more)	27.00%
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%

Goodwill and Identified Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2020	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill impairment charges	$ 0	$ 0

Net Income (Loss) Per Share - Computation of Basic and Diluted Net Income (Loss) Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Denominator:
Weighted average common shares outstanding	82,840	49,120	48,823
Unvested common shares subject to repurchase (in shares)	0	0	0
Total common shares-basic (in shares)	82,840	49,120	48,823
Effect of dilutive securities:
Options (in shares)	1	0	0
Restricted stock awards and units (in shares)	1,015	0	0
Total common shares-diluted (in shares)	83,856	49,120	48,823

Composition of Certain Financial Statement Captions

12 Months Ended

Dec. 31, 2020

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,
	2020		2019
Prepaid income taxes	$	4,654	$	2,364
Prepaid expenses		20,393		8,802
Inventory		9,819		100
Other		5,897		2,469
	$	40,763	$	13,735

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

	December 31,
	2020			2019
Equipment, furniture and other	$	61,573		$	32,504
Building and improvements		18,309			18,258
Land		5,300			5,300
Leasehold improvements		25,776			8,103
		110,958			64,165
Less: Accumulated depreciation and amortization		(47,751	)		(31,288	)
	$	63,207		$	32,877

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

	December 31,
	2020		2019
Long-term deferred tax assets	$	7,042	$	3,660
Non-current income tax receivable (1)		122,993		64,570
Other assets		23,235		3,106
	$	153,270	$	71,336

(1)

See “Note 15 - Income Taxes” for detailed information concerning the year-over-year changes.

Accrued liabilities consisted of the following (in thousands):

	December 31,
	2020		2019
Employee compensation and benefits	$	55,449	$	18,404
Third-party royalties		5,906		6,165
Accrued expenses		24,809		7,930
Accrued severance		5,332		—
Current portion of operating lease liabilities		17,893		5,845
Other		19,646		3,089
	$	129,035	$	41,433

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

	December 31,
	2020		2019
Long-term income tax payable	$	94,397	$	76,767
Other		4,556		131
	$	98,953	$	76,898

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

	December 31,
	2020			2019
Unrealized gain (loss) on available-for-sale debt securities, net of tax	$	(81	)	$	(53	)
Foreign currency translation adjustment, net of tax		1,345			—
	$	1,264		$	(53	)

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

	Years Ended December 31,
	2020			2019		2018
Interest income from significant financing components	$	2,702		$	5,762	$	7,672
Interest income from investments		1,338			2,359		1,074
Realized and unrealized gain (loss) on marketable equity securities		(707	)		10		(2,217	)
Other income		1,122			897		2,066
	$	4,455		$	9,028	$	8,595

Goodwill and Identified Intangible Assets - Identified Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 1,621,080	$ 692,145
Finite-lived intangible assets, Gross Assets	1,599,680	692,145
Finite-lived intangible assets, Accumulated Amortization	(616,701)	(459,870)
Intangible assets, net	1,004,379	232,275
Finite-lived intangible assets, Net	$ 982,979	232,275
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	15 years
TiVo Tradename/trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, Gross Assets	$ 21,400
Indefinite-lived intangible assets, Net	21,400
Acquired patents / core technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	659,085	151,184
Finite-lived intangible assets, Accumulated Amortization	(167,916)	(135,952)
Finite-lived intangible assets, Net	$ 491,169	15,232
Acquired patents / core technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	3 years
Acquired patents / core technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	15 years
Existing technology / content database
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 248,110	206,878
Finite-lived intangible assets, Accumulated Amortization	(169,326)	(130,890)
Finite-lived intangible assets, Net	$ 78,784	75,988
Existing technology / content database \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	5 years
Existing technology / content database \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years
Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 650,171	291,769
Finite-lived intangible assets, Accumulated Amortization	(256,199)	(174,741)
Finite-lived intangible assets, Net	$ 393,972	117,028
Customer contracts and related relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	3 years
Customer contracts and related relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	9 years
Trademarks/trade name
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 40,083	40,083
Finite-lived intangible assets, Accumulated Amortization	(21,029)	(16,056)
Finite-lived intangible assets, Net	$ 19,054	24,027
Trademarks/trade name \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	4 years
Trademarks/trade name \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years
Non-competition agreements
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Assets	$ 2,231	2,231
Finite-lived intangible assets, Accumulated Amortization	$ (2,231)	(2,231)
Estimated Useful Life (years)	1 year
Finite-lived intangible assets, Net		$ 0

Business Combination - Schedule of Merger Consideration (Details) $ / shares in Units, $ in Thousands	Jun. 01, 2020 USD ($) $ / shares shares	Dec. 31, 2020 shares	Dec. 31, 2019 shares
Business Acquisition [Line Items]
TiVo common shares outstanding as of June 1, 2020 \| shares		104,775,000	49,620,000
TiVo Merger
Business Acquisition [Line Items]
TiVo exchange ratio	1
Equity interests issued and issuable \| $	$ 816,201
Fair value of replaced TiVo equity awards relating to pre-acquisition vesting of the equity award holders’ requisite service periods \| $	12,133
Total merger consideration \| $	$ 828,334
TiVo
Business Acquisition [Line Items]
TiVo exchange ratio	0.455
TiVo \| TiVo Merger
Business Acquisition [Line Items]
TiVo common shares outstanding as of June 1, 2020 \| shares	128,132,000
TiVo exchange ratio	0.455
Xperi
Business Acquisition [Line Items]
TiVo exchange ratio	1
Xperi \| TiVo Merger
Business Acquisition [Line Items]
Xperi Holding Corporation common stock issued in exchange \| shares	58,300,000
Xperi Common Stock closing share price on June 1, 2020 \| $ / shares	$ 14.00

Shareholders' Equity

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Shareholders' Equity

NOTE 13 – SHAREHOLDERS’ EQUITY

As more fully described in Note 9, Xperi and TiVo completed the Mergers on June 1, 2020 to form Xperi Holding Corporation. Upon completion of the Mergers, each share of common stock of Xperi was converted into the right to receive one fully paid and non-assessable share of Company Common Stock. Further upon completion of the Mergers, each share of TiVo Common Stock was converted into the right to receive 0.455 fully paid and non-assessable shares of the Company Common Stock (the “Exchange Ratio”), in addition to cash in lieu of any fractional shares of the Company Common Stock. Following the Mergers, Xperi Common Stock and TiVo Common Stock were delisted from Nasdaq. Since June 2, 2020, the shares of Company Common Stock have been listed for trading on Nasdaq under ticker symbol “XPER.”

As provided in the Merger Agreement, at the effective time of the Mergers, (i) all options and restricted stock unit awards relating to shares of Xperi Common Stock outstanding immediately prior to the effective time of the Mergers were generally automatically converted into options and restricted stock unit awards respectively, relating to shares of the Company Common Stock on a one-for-one basis and otherwise generally on the same terms and conditions (including vesting exercisability and/or settlement requirements) as applied to such options and awards under the applicable plans and award agreements immediately prior to the effective time of the Mergers, and (ii) all options and restricted stock unit awards relating to shares of TiVo Common Stock that were outstanding immediately prior to the effective time of the Mergers were generally automatically converted into options and restricted stock unit awards, respectively, relating to shares of the Company Common Stock after giving effect to appropriate adjustments to reflect the Mergers (including the Exchange Ratio) and otherwise generally on the same terms and conditions (including vesting exercisability and/or settlement requirements) as applied to such options and awards under the applicable plans and award agreements immediately prior to the effective time of the Mergers.

Equity Incentive Plans

Prior to the Merger Date, the Company had implemented and granted equity awards under the Xperi Corporation Seventh Amended and Restated 2003 Equity Incentive Plan. As of the effective date of the Mergers, no future grants will be made under the plan.

The 2020 EIP

In connection with the Mergers and immediately prior to June 1, 2020, the Company adopted the Xperi Holding Corporation 2020 Equity Incentive Plan (the “2020 EIP”).

Under the 2020 EIP, the Company may grant equity-based awards to employees, non-employee directors, and consultants for services rendered to the Company (or any parent or subsidiary) in the form of stock options, stock awards, restricted stock awards, restricted stock units, stock appreciation rights, dividend equivalents and performance awards (or any combination thereof). A total of 8,000,000 shares have been reserved for issuance under the 2020 EIP provided that each share issued pursuant to “full value” awards (i.e., stock awards, restricted stock awards, restricted stock units, performance awards and dividend equivalents) are counted against shares available for issuance under the 2020 EIP on a 1.5 to 1 ratio.

The 2020 EIP provides for option grants designed as either incentive stock options or nonstatutory options. Options generally are granted with an exercise price not less than the value of the common stock on the grant date and have a term of ten years from the date of grant and vest over a four-year period. The vesting criteria for restricted stock awards and restricted stock units is generally the passage of time or meeting certain performance-based objectives, and continued employment through the vesting period generally over four years for time-based awards. As of December 31, 2020, there were approximately 3.1 million shares reserved for future grant under the 2020 EIP.

Assumed Plans

On June 1, 2020, the Company assumed all then-outstanding stock options, awards, and shares available and reserved for issuance under all legacy Equity Incentive Plans of TiVo (collectively, the “Assumed Plans”). Stock options assumed from the Assumed Plans generally have vesting periods of four years and a contractual term of seven years. Awards of restricted stock and restricted stock units assumed from the Assumed Plans are generally subject to a four year vesting period. The number of shares subject to stock options and restricted stock unit awards outstanding under these plans are included in the tables below. Shares reserved under the Assumed Plans will be available for future grants. As of December 31, 2020, there were 7.6 million shares reserved for future grants under the Assumed 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, 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
Options granted		—		$	—
Options assumed		175		$	50.96
Options exercised		(7	)	$	13.47
Options canceled / forfeited / expired		(136	)	$	44.59
Balance at December 31, 2020		637		$	29.59		2.67	$	458
Vested and expected to vest at December 31, 2020		636					2.66	$	458
Exercisable at December 31, 2020		620					2.56	$	458

The following table summarizes information about stock options outstanding and exercisable under all of the Company’s plans at December 31, 2020:

	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		113		2.63	$	18.06		113	$	18.06
$19.34 - $19.73		79		2.56	$	19.53		79	$	19.53
$20.21 - $21.30		82		2.84	$	20.68		82	$	20.67
$22.19 - $22.24		15		3.30	$	22.19		15	$	22.19
$22.45 - $22.45		70		6.79	$	22.45		53	$	22.45
$22.52 - $38.65		96		3.83	$	32.48		96	$	32.48
$43.54 - $43.63		6		0.57	$	43.56		6	$	43.56
$43.77 - $43.77		108		0.13	$	43.77		108	$	43.77
$45.90 - $54.60		45		0.73	$	51.35		45	$	51.35
$54.69 - $54.69		23		1.16	$	54.69		23	$	54.69
$12.52 - $54.69		637		2.67	$	29.59		620	$	29.80

Restricted Stock Awards and Units

Information with respect to outstanding restricted stock awards and units as of December 31, 2020 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, 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
Awards and units granted		3,331			994			4,325		$	14.64
Awards and units assumed		2,185			253			2,438		$	13.99
Awards converted		11			(11	)		—		$	22.45
Awards and units vested / earned		(1,676	)		(487	)		(2,163	)	$	21.12
Awards and units canceled / forfeited		(560	)		(242	)		(802	)	$	19.96
Balance at December 31, 2020		5,662			1,061			6,723		$	16.63

Performance Awards and Units

Performance awards and units may be granted to employees or consultants based upon, among other things, the contributions, responsibilities and other compensation of the particular employee or consultant. The value and the vesting of such performance awards and units are generally linked to one or more performance goals or certain market conditions determined by the Company, in each case on a specified date or dates or over any period or periods determined by the Company, and may range from zero to 200 percent of the grant. For performance awards subject to a market vesting condition, the fair value per award is fixed at the grant date and the amount of compensation expense is not adjusted during the performance period regardless of changes in the level of achievement of the market condition.

Employee Stock Purchase Plans

Prior to the Mergers, the Company had implemented the Xperi Corporation 2003 Employee Stock Purchase Plan and the International Employee Stock Purchase Plan, both of which were terminated immediately prior to the effective time of the Mergers.

In connection with the Mergers and immediately prior to June 1, 2020, the Company adopted the Xperi Holding Corporation 2020 Employee Stock Purchase Plan (the “2020 ESPP”). The 2020 ESPP is implemented through consecutive overlapping 24-month offering periods, each of which is comprised of four six-month purchase periods. The first offering period commenced on September 1, 2020 and will end on August 31, 2022. Each subsequent offering period under the 2020 ESPP will be twenty-four (24) months long and will commence on each September 1 and March 1 during the term of the plan. Participants may contribute up to 100% of their base earnings and commissions through payroll deductions, and the accumulated deductions will be applied to the purchase of shares on each semi-annual purchase date. The purchase price per share will equal 85% of the fair market value per share on the start date of the offering period or, if lower, 85% of the fair market value per share on the semi-annual purchase date.

An eligible employee’s right to buy the Company’s common stock under the 2020 ESPP may not accrue at a rate in excess of $25,000 of the fair market value of such shares per calendar year for each calendar year of an offering period. If the fair market value per share of the Company’s common stock on any purchase date during an offering period is less than the fair market value per share on the start date of the 24-month offering period, then that offering period will automatically terminate and a new 24-month offering period will begin on the next business day. All participants in the terminated offering will be transferred to the new offering period.

As of December 31, 2020, there were 2.0 million shares reserved for grant under the Company’s 2020 ESPP.

Dividends

Stockholders of the Company’s common stock are entitled to receive dividends when declared by the Company’s Board of Directors. For the years ended December 31, 2020, 2019 and 2018, dividends declared were $0.50, $0.80, and $0.80 per common share, respectively.

The capacity to pay dividends in the future depends on many factors, including the Company's financial condition, results of operations, capital requirements, capital structure, industry practice and other business conditions that the Board of Directors considers relevant.

Stock Repurchase Programs

Following the termination of Xperi’s prior stock repurchase program after the closing of the Mergers, on June 12, 2020 the Board of Directors (the “Board”) of the Company authorized a new stock repurchase program providing for the repurchase of up to $150.0 million of the Company's Common Stock dependent on market conditions, share prices and other factors. As of December 31, 2020, the Company has repurchased a total of approximately 4.9 million shares of common stock, since inception of the plan, at an average price of $14.25 per share for a total cost of $70.1 million. The shares repurchased are recorded as treasury stock and are accounted for under the cost method. No expiration date has been specified for this plan. As of December 31, 2020, the total remaining amount available for repurchase was $79.9 million. The Company plans to continue to execute authorized repurchases from time to time under the plan.

In connection with the Mergers, all shares repurchased by the Company as of June 1, 2020 and recorded as treasury stock were canceled and retired. The Company accounts for stock repurchases using the cost method and records retirement of treasury stock as a reduction of the cumulative treasury stock paid-in capital balance. Once the cumulative balance is reduced to zero, any remaining difference resulting from the retirement of treasury stock is recorded as a reduction of retained earnings.

The Company issues restricted stock and restricted stock units (collectively, “restricted awards”) as part of the equity incentive plans described above. For the majority of restricted awards, shares are withheld to satisfy required withholding taxes at the vesting date. Shares withheld to satisfy required withholding taxes in connection with the vesting of restricted awards are treated as common stock repurchases in the consolidated financial statements because they reduce the number of shares that would have been issued on vesting. However, these withheld shares are not included in common stock repurchases under the Company's authorized share repurchase plan. During the years ended December 31, 2020, 2019 and 2018, the Company withheld 0.7 million, 0.2 million and 0.2 million shares of common stock to satisfy $10.5 million, $4.5 million and $3.4 million of required withholding taxes, respectively.

Debt - Schedule of Outstanding Amounts of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 01, 2020	Dec. 31, 2019	Dec. 01, 2016
Line Of Credit Facility [Line Items]
Long-term debt, Gross	$ 873,798
Unamortized debt discount and issuance costs	(34,448)		$ (9,321)
Long-term debt	839,350		334,679
Less: current portion, net of debt discount and issuance costs	(43,689)		0
Long-term debt, net	795,661		334,679
2020 Term B Loan Facility
Line Of Credit Facility [Line Items]
Long-term debt, Gross	873,750
Unamortized debt discount and issuance costs		$ (39,700)
2021 Convertible Notes
Line Of Credit Facility [Line Items]
Long-term debt, Gross	48
Unamortized debt discount and issuance costs	(34,400)		(9,300)
Long-term debt	$ 873,800		344,000
2018 Amended Term B Loan
Line Of Credit Facility [Line Items]
Long-term debt, Gross			$ 344,000
Long-term debt				$ 600,000

Financial Instruments

12 Months Ended

Dec. 31, 2020

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. The Company classifies its debt securities as available-for-sale (“AFS”), which are accounted for at fair value with credit related losses recognized as a provision for credit losses in its Consolidated Statements of Operations and all non-credit related unrealized gains and losses recognized in accumulated other comprehensive income or loss 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, in the Consolidated Statements of Operations.

The following is a summary of marketable securities at December 31, 2020 and December 31, 2019 (in thousands):

	December 31, 2020
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Allowance for Credit Losses		Estimated Fair Values
Marketable securities
Corporate bonds and notes	$	69,973	$	29	$	(42	)	$	—	$	69,960
Commercial paper		15,991		—		(4	)		—		15,987
Treasury and agency notes and bills		32,299		—		—			—		32,299
Total debt securities		118,263		29		(46	)		—		118,246
Money market funds		3,849		—		—			—		3,849
Total equity securities		3,849		—		—			—		3,849
Total marketable securities	$	122,112	$	29	$	(46	)	$	—	$	122,095
Reported in:
Cash and cash equivalents										$	35,148
Available-for-sale debt securities (1)											86,947
Total marketable securities										$	122,095

(1)

Amortized cost related to the balance reported as AFS debt securities was $86,963.

	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
Available-for-sale debt securities									45,802
Equity securities									1,124
Total marketable securities								$	49,527

At December 31, 2020 and December 31, 2019, the Company had $257.1 million and $121.5 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 $135.0 million and $72.0 million at December 31, 2020 and December 31, 2019, 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, 2020, 2019 and 2018.

Unrealized losses on AFS debt securities were $0.1 million and $0.1 million, net of tax, as of December 31, 2020 and December 31, 2019, respectively. The Company evaluated whether the decline in fair value has resulted from credit losses or other factors and concluded these amounts were related to temporary fluctuations in value of AFS securities and were due primarily to changes in interest rates and market conditions of the underlying securities. In addition, the contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. The Company does not intend to sell the debt securities and it is more-likely-than-not that it will not be required to sell the investments before recovery of their amortized cost bases. The Company did not recognize a provision for credit loss expense related to its AFS debt securities for the year ended December 31, 2020. No impairment charges were recorded on the AFS debt securities for the years ended December 31, 2019 and 2018, respectively.

The following table summarizes the fair value and gross unrealized losses related to individual AFS debt securities at December 31, 2020 and 2019, which have been in a continuous unrealized loss position, aggregated by investment category and length of time (in thousands):

December 31, 2020	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	$	53,137	$	(42	)	$	—	$	—	$	53,137	$	(42	)
Commercial paper		12,988		(4	)		—		—		12,988		(4	)
Total	$	66,125	$	(46	)	$	—	$	—	$	66,125	$	(46	)

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	)

The estimated fair value of marketable debt securities by contractual maturity at December 31, 2020 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	$	77,263
Due in one to two years		40,983
Due in two to three years		—
Total	$	118,246

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. In July 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. In June 2020, the Company sold the remaining 4.2 million shares of Onkyo stock, for which a realized loss of $0.7 million was recognized for the year ended December 31, 2020. There were no sales of the Onkyo investment in 2018, during which period an unrealized loss of $2.2 million was recognized.

Non-marketable Equity Securities

Investments in non-marketable equity securities are accounted for using either the equity method or the cost method. Investments in entities over which the Company has the ability to exercise significant influence, but does not hold a controlling interest, are accounted for using the equity method. Under the equity method, the Company records its proportionate share of income or loss in other income and expense, net, in the Consolidated Statements of Operations. Investments in entities over which the Company does not have the ability to exercise significant influence are accounted for using the cost method. The Company monitors its non-marketable securities portfolio for potential impairment. When the carrying amount of an investment in a non-marketable security exceeds its fair value and the decline in fair value is determined to be other-than-temporary, the loss is recorded in other income and expense, net, in the Consolidated Statements of Operations.

Upon merging with TiVo on June 1, 2020, the Company assumed certain investments in non-marketable equity. As of December 31, 2020, other long-term assets included equity securities accounted for under the equity method with a carrying amount of $4.2 million and equity securities without a readily determinable fair value with a carrying amount of $0.1 million, respectively. No impairments or adjustments to the carrying amount of the Company's equity securities without a readily determinable fair value were recognized in the year ended December 31, 2020. The Company had no investments in non-marketable equity as of 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 gains or losses were not significant in the years ended December 31, 2020 and 2019, respectively. There were no derivative instruments outstanding as of December 31, 2020 and 2019, respectively. The Company did not engage in derivative contracts in 2018.

Leases - Schedule of Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 16,770	$ 6,183
Operating lease, ROU assets obtained in exchange for new lease liabilities	$ 5,775	$ 5,612
Operating leases, weighted average remaining lease term (years)	5 years 1 month 6 days	4 years 7 months 6 days
Operating leases, weighted average discount rate	5.20%	5.70%

Income Taxes - Reconciliation of Statutory U.S. Federal Income Tax Rate to Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S. federal statutory rate	$ 28,541	$ (17,442)	$ 1,451
State, net of federal benefit	(1,530)	281	59
Stock-based compensation expense	2,471	2,807	3,883
Executive compensation limitation	2,132	411	1,538
Research tax credit	(1,576)	(2,038)	248
Foreign withholding tax	9,391	10,328	33,063
Transaction costs	8,216	974	0
Foreign tax rate differential	921	1,907	474
Foreign tax credit	(2,647)	(7,795)	(33,554)
Change in valuation allowance	(47,649)	(8,238)	7,721
U.S. tax reform	(1,845)	(2,970)	(6,333)
Unrecognized tax benefits	3,049	2,994	300
Change in estimates	(1,355)	(1,300)	(10)
Foreign exchange	(7,438)		0
Others	1,432	1,057	(167)
Provision for (benefit from) income taxes	$ (7,887)	$ (19,024)	$ 8,673

Revenue - Schedule of Contract Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Unbilled contracts receivable	$ 132,431	$ 121,826
Other current assets	1,208
Long-term unbilled contracts receivable	6,761	26,672
Other long-term assets	2,591
Total contract assets	$ 142,991	$ 148,498

Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income (Loss) Per Share

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

	Years Ended December 31,
	2020		2019		2018
Denominator:
Weighted average common shares outstanding		82,840		49,120		48,823
Unvested common shares subject to repurchase		—		—		-
Total common shares-basic		82,840		49,120		48,823
Effect of dilutive securities:
Options		1		—		—
Restricted stock awards and units		1,015		—		—
Total common shares-diluted		83,856		49,120		48,823

Stock-Based Compensation Expense - Stock-Based Compensation Expense Categorized by Equity Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 39,135	$ 31,554	$ 31,011
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,613	2,304	2,599
Employee stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	71	219	438
Restricted stock awards and units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 36,451	$ 29,031	$ 27,974

Fair Value (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets 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)	$	3,849	$	3,849	$	—	$	—
Corporate bonds and notes - debt securities (2)		69,960		—		69,960		—
Treasury and agency notes and bills - debt securities (3)		32,299		—		32,299		—
Commercial paper - debt securities (3)		15,987		—		15,987		—
Total Assets	$	122,095	$	3,849	$	118,246	$	—

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

(2) Reported as AFS debt securities 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)	$	2,601	$	2,601	$	—	$	—
Marketable equity securities (2)		1,124		1,124		—		—
Corporate bonds and notes - debt securities (3)		41,746		—		41,746		—
Commercial paper - debt securities (3)		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 equity securities in the Consolidated Balance Sheet.

(3) Reported as AFS debt securities 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, 2020				December 31, 2019
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
2020 Term B Loan Facility ⁽¹⁾	$	839,302	$	842,579	$	—	$	—
2021 Convertible Notes		48		48		—		—
2018 Amended Term B Loan ⁽¹⁾		—		—		334,679		335,642
Total long-term debt, net	$	839,350	$	842,627	$	334,679	$	335,642

Stock-Based Compensation Expense - Schedule of Assumptions Used to Value Options Granted (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
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	0.10%	1.70%	2.20%
Dividend yield	1.40%	3.50%	3.60%
Expected volatility	45.80%	51.70%	39.40%
Employee stock purchase plan \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions And Methodology [Abstract]
Risk-free interest rate	1.40%	2.50%	2.70%
Dividend yield	4.00%	5.40%	3.90%
Expected volatility	57.50%	53.40%	41.70%
Performance Stock Units
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions And Methodology [Abstract]
Expected life (in years)	3 years
Risk-free interest rate	0.20%
Dividend yield	1.40%
Expected volatility	51.30%

Business Combination - Schedule of Unaudited Supplemental Pro Forma Information and Adjustments of Mergers (Details) - TiVo Merger - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Adjustments Resulting From Purchase Accounting
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Estimated increase (decrease) to earnings	$ (4,823)	$ (7,191)
Adjustments for Transaction and Other Related Costs, Including Facilities Impairment Charges
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Estimated increase (decrease) to earnings	34,569	(24,651)
Adjustments for Severance and Retention Costs, Including Related Stock-based Compensation Expense
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Estimated increase (decrease) to earnings	15,865	(16,511)
Payoff of Historical Debt and New Debt Financing
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Estimated increase (decrease) to earnings	23,121	(18,098)
Adjustments For Income Taxes
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Estimated increase (decrease) to earnings	$ (13,605)	$ (21,519)

Stock-Based Compensation Expense - Additional Information (Details) - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jun. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of unvested equity awards assumed				$ 34.1
Total intrinsic value of options exercised	$ 0.1	$ 0.2	$ 1.0
Unrecognized stock-based compensation balance after estimated forfeitures related to unvested stock options	$ 0.1	$ 0.1
Estimated weighted average amortization period	2 years 8 months 12 days	2 years 3 months 18 days
Issuance of common stock in connection with employee common stock purchase plan (in shares)	355	386	306
Black Scholes Option Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	2 years
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, total fair value	$ 45.7	$ 30.1	$ 30.4
Unrecognized stock-based compensation balance after estimated forfeitures related to unvested stock options	$ 73.5	$ 40.3
Estimated weighted average amortization period	9 months 18 days	1 year 6 months
TiVo Merger
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of unvested equity awards assumed				$ 22.0
Recognized stock based compensation expense of unvested equity awards assumed	$ 5.8

Shareholders' Equity - Summary of Restricted Stock Awards and Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
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)	2,371,000	2,149,000	2,014,000
Restricted stock awards and units, granted (shares)	3,331,000	1,266,000	1,087,000
Restricted stock awards and units, assumed (shares)	2,185,000
Restricted stock awards and units, converted (shares)	11,000
Restricted stock awards and units, vested / earned (shares)	(1,676,000)	(865,000)	(695,000)
Restricted stock awards and units, canceled / forfeited (shares)	(560,000)	(179,000)	(257,000)
Restricted stock awards and units, ending balance (shares)	5,662,000	2,371,000	2,149,000
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)	554,000	757,000	1,119,000
Restricted stock awards and units, granted (shares)	994,000	4,000	44,000
Restricted stock awards and units, assumed (shares)	253,000
Restricted stock awards and units, converted (shares)	(11,000)
Restricted stock awards and units, vested / earned (shares)	(487,000)	(118,000)	(176,000)
Restricted stock awards and units, canceled / forfeited (shares)	(242,000)	(89,000)	(230,000)
Restricted stock awards and units, ending balance (shares)	1,061,000	554,000	757,000
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)	2,925,000	2,906,000	3,133,000
Restricted stock awards and units, granted (shares)	4,325,000	1,270,000	1,131,000
Restricted stock awards and units, assumed (shares)	2,438,000
Restricted stock awards and units, vested / earned (shares)	(2,163,000)	(983,000)	(871,000)
Restricted stock awards and units, canceled / forfeited (shares)	(802,000)	(268,000)	(487,000)
Restricted stock awards and units, ending balance (shares)	6,723,000	2,925,000	2,906,000
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)	$ 25.99	$ 29.10	$ 33.35
Weighted average grant date fair value per share of restricted stock and units, granted (USD per share)	$ 14.64	22.79	21.85
Weighted average grant date fair value per share of restricted stock and units, assumed (usd per share)	13.99
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Converted In Period Weighted Average Grant Date Fair Value	$ 22.45
Weighted average grant date fair value per share of restricted stock and units, vested / earned (USD per share)	21.12	30.62	34.84
Weighted average grant date fair value of restricted stock and units, canceled / forfeited (USD per share)	19.96	27.53	29.35
Weighted average grant date fair value per share of restricted stock and units, ending balance (USD per share)	$ 16.63	$ 25.99	$ 29.10

Stock-Based Compensation Expense (Tables)

12 Months Ended

Dec. 31, 2020

Effect of Recording Stock-Based Compensation Expense

The effect of recording stock-based compensation expense for the years ended December 31, 2020, 2019 and 2018 is as follows (in thousands):

	Years Ended December 31,
	2020			2019			2018
Cost of licensing, services and software revenue, excluding depreciation and amortization of intangible assets	$	781		$	—		$	—
Research, development and other related costs		13,592			14,643			13,168
Selling, general and administrative		24,762			16,911			17,843
Total stock-based compensation expense		39,135			31,554			31,011
Tax effect on stock-based compensation expense		(2,116	)		(5,051	)		(4,869	)
Net effect on net income (loss)	$	37,019		$	26,503		$	26,142

Stock-Based Compensation Expense Categorized by Equity Components

Stock-based compensation expense categorized by various equity components for the years ended December 31, 2020, 2019 and 2018 is summarized in the table below (in thousands):

	Years Ended December 31,
	2020		2019		2018
Restricted stock awards and units	$	36,451	$	29,031	$	27,974
Employee stock purchase plan		2,613		2,304		2,599
Employee stock options		71		219		438
Total stock-based compensation expense	$	39,135	$	31,554	$	31,011

Employee Stock Purchase Plan

Schedule of Assumptions Used to Value Options Granted

The following assumptions were used to value the ESPP shares:

	Years Ended December 31,
	2020		2019		2018
Expected life (years)		2.0		2.0		2.0
Risk-free interest rate	0.1 - 1.4%		1.7 - 2.5%		2.2 - 2.7%
Dividend yield	1.4 - 4.0%		3.5 - 5.4%		3.6 - 3.9%
Expected volatility	45.8 - 57.5%		51.7 - 53.4%		39.4 - 41.7%

Performance Stock Units

Schedule of Assumptions Used to Value Options Granted

The following assumptions were used to value the performance stock units subject to market conditions granted in the year ended December 31, 2020:

	Year Ended December 31, 2020
Expected life (years)		3.0
Risk-free interest rate		0.2	%
Dividend yield		1.4	%
Expected volatility		51.3	%

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2020	Feb. 08, 2021	Jun. 30, 2020
Cover [Abstract]
Entity Registrant Name	XPERI HOLDING CORPORATION
Trading Symbol	XPER
Entity Central Index Key	0001803696
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		104,791,729
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 976,687,119
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-39304
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-4734590
Entity Address, Address Line One	3025 Orchard Parkway
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95134
City Area Code	408
Local Phone Number	321-6000
Document Annual Report	true
ICFR Auditor Attestation Flag	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: Portions of the registrant’s Proxy Statement for the registrant’s 2021 Annual Meeting of Stockholders will be filed with the Commission within 120 days after the close of the registrant’s 2020 fiscal year and are incorporated by reference in Part III of this Annual Report on Form 10-K to the extent stated herein.

Revenue (Tables)

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Schedule of Revenue Disaggregated by Product Category/End Market

Revenue disaggregated by product category/end market was as follows (in thousands):

	Years Ended December 31,
	2020		2019		2018
Consumer Experience	$	173,719	$	116,130	$	135,354
Pay-TV		131,920		—		—
Connected Car		70,462		81,994		82,995
Product revenue		376,101		198,124		218,349
IP Licensing revenue		515,919		81,943		187,784
Total revenue	$	892,020	$	280,067	$	406,133

Schedule of Contract Assets

Contract assets were recorded in the Consolidated Balance Sheets as follows (in thousands):

	December 31, 2020		December 31, 2019
Unbilled contracts receivable	$	132,431	$	121,826
Other current assets		1,208		—
Long-term unbilled contracts receivable	$	6,761		26,672
Other long-term assets		2,591		—
Total contract assets	$	142,991	$	148,498

Schedule of Allowance for Credit Losses

The following table presents the activity in the allowance for credit losses for the year ended December 31, 2020, 2019 and 2018 (in thousands):

	Years Ended December 31,
	2020							2019					2018
	Accounts Receivable				Unbilled Contracts Receivable			Accounts Receivable			Unbilled Contracts Receivable		Accounts Receivable			Unbilled Contracts Receivable
Beginning balance	$	566			$	—		$	779		$	—	$	1,181		$	—
Provision for credit losses		7,418		*		2,231	*		(74	)		—		417			—
Recoveries/charged-off		(648	)			—			(139	)		—		(819	)		—
Balance at end of period	$	7,336			$	2,231		$	566		$	—	$	779		$	—

* The increase in provision for credit losses was based on assessment of current conditions including the COVID-19 pandemic and anticipation of delayed or delinquent payments on existing accounts receivable as a result of the declining financial health and liquidity positions of certain of the Company’s customers, as well as U.S. restrictions on trade with certain Chinese customers, and certain late payments and collection related issues.

Schedule of Revenue Recognized in Period

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

	Years Ended December 31,
	2020			2019		2018
Revenue recognized in the period from:
Amounts included in deferred revenue at the beginning of the period	$	720		$	3,130	$	2,347
Amounts included in deferred revenue acquired from the Mergers	$	20,271		$	—	$	—
Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements) (1)	$	296,031	(2)	$	2,935	$	1,323

(1) True ups represent the differences between the Company’s quarterly estimates of per-unit royalty revenue and actual production/sales-based royalties reported by licensees in the following period. Licensee reporting adjustments represent corrections or revisions to previously reported per-unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits. Settlements represent resolutions of litigation during the period for past royalties owed pursuant to expired or terminated IP license agreements.

(2) Includes past royalty revenue from Comcast Corporation (“Comcast”). On November 9, 2020, the Company entered into a patent license agreement (the “Agreement”) with Comcast and the Company resolved all of the outstanding litigation with Comcast. The Agreement is effective as of the expiration of Comcast’s prior agreement in 2016 and its term continues into 2031. In connection with the Agreement, the Company recorded revenue from past royalties in the fourth quarter of 2020 and expects to record revenue from the prospective license into 2031.

Schedule of Remaining Performance Obligations

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

	December 31,
	2020		2019
Revenue from contracts with performance obligations expected to be satisfied in:
2021	$	152,008	$	5,337
2022		102,764		990
2023		91,636		345
2024		77,989		—
2025		76,028		—
Thereafter		429		—
Total	$	500,854	$	6,672

Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

NOTE 12 – NET INCOME (LOSS) PER SHARE

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

	Years Ended December 31,
	2020		2019		2018
Denominator:
Weighted average common shares outstanding		82,840		49,120		48,823
Unvested common shares subject to repurchase		—		—		-
Total common shares-basic		82,840		49,120		48,823
Effect of dilutive securities:
Options		1		—		—
Restricted stock awards and units		1,015		—		—
Total common shares-diluted		83,856		49,120		48,823

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

For the year ended December 31, 2020, 2.1 million shares subject to stock options and restricted stock awards and units were excluded from the computation of diluted net income per share as they were anti-dilutive.

For each of the years ended December 31, 2019 and 2018, 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 and 2.9 million shares subject to stock options and restricted stock awards and units were excluded for the years ended December 31, 2019 and 2018, respectively, from the computation of diluted net loss per share because including them would have been anti-dilutive.

Schedule II Valuation and Qualifying (Details) - Valuation Allowance of Deferred Tax Assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 37,243	$ 41,942	$ 32,032
Charged (Credited) to Expenses	(50,838)	(4,699)	2,794
Charged (Credited) to Other Accounts	301,490		7,116
Balance at End of Year	$ 287,895	$ 37,243	$ 41,942

Leases - Schedule of Future Minimum Lease Payments and Related Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Operating Lease Payments
2021	$ 21,825
2022	18,420
2023	16,776
2024	15,719
2025	14,635
Thereafter	8,966
Total lease payments	96,341	$ 22,035
Less: imputed interest	(12,205)	(2,776)
Present value of lease liabilities:	84,136	19,259	$ 18,800
Current portion of operating lease liabilities	17,893	5,845
Noncurrent operating lease liabilities	66,243	$ 13,414
Sublease Income
2021	(6,257)
2022	(6,117)
2023	(6,231)
2024	(6,293)
2025	(6,279)
Thereafter	(935)
Total lease payments	(32,112)
Present value of lease liabilities:	(32,112)
Net Operating Lease Payments
2021	15,568
2022	12,303
2023	10,545
2024	9,426
2025	8,356
Thereafter	8,031
Total lease payments	64,229
Less: imputed interest	(12,205)
Present value of lease liabilities:	$ 52,024

Stock-Based Compensation Expense - Effect of Recording Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 39,135	$ 31,554	$ 31,011
Tax effect on stock-based compensation expense	(2,116)	(5,051)	(4,869)
Net effect on net income (loss)	37,019	26,503	26,142
Cost of licensing, services and software revenue, excluding depreciation and amortization of intangible assets
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	781	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	13,592	14,643	13,168
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 24,762	$ 16,911	$ 17,843

Segment and Geographic Information - Schedule of Geographic Revenue Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 892,020	$ 280,067	$ 406,133
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	$ 114,195	$ 85,833	$ 88,513
Japan \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	13.00%	31.00%	22.00%
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 110,782	$ 74,790	$ 209,245
Korea \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	12.00%	27.00%	51.00%
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 548,857	$ 74,469	$ 53,245
U.S. \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	62.00%	26.00%	13.00%
Europe and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 38,830	$ 19,638	$ 31,864
Europe and Middle East \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	4.00%	7.00%	8.00%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Foreign revenues	$ 79,356	$ 25,337	$ 23,266
Other \| Total Revenue \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percentage (or more)	9.00%	9.00%	6.00%

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 143,796	$ (64,033)	$ (1,763)
Other comprehensive income (loss), net of tax:
Change in foreign currency translation adjustment	1,345
Net unrealized gains (losses) on available-for-sale debt securities	(28)	275	(25)
Other comprehensive income (loss), net of tax	1,317	275	(25)
Comprehensive income (loss)	145,113	(63,758)	(1,788)
Less: Comprehensive loss attributable to noncontrolling interest	(2,966)	(1,503)	(1,474)
Comprehensive income (loss) attributable to the Company	$ 148,079	$ (62,255)	$ (314)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- 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 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: 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=121641772&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 6: 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 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 11: 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=120311839&loc=d3e8736-108599

Reference 12: 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=120311839&loc=d3e8933-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 16: 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=121586364&loc=d3e3000-108585

Reference 17: 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 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 20: 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=120409616&loc=SL4591552-111686

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Subsequent Events - Additional Information (Details) - $ / shares		12 Months Ended
	Feb. 03, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Subsequent Event [Line Items]
Cash dividends declared per share (in dollars per share)		$ 0.50	$ 0.80	$ 0.80
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.05
Dividends declaration date	Feb. 03, 2021
Dividends payable date	Mar. 30, 2021
Dividends record date	Mar. 16, 2021

Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling Interest
Beginning balance at Dec. 31, 2017	$ 435,576		$ 60	$ 686,660	$ (319,397)	$ (303)	$ 68,556
Beginning balance (in shares) at Dec. 31, 2017			49,103		11,505
Cumulative-effect adjustment from adoption of ASU at Dec. 31, 2017		$ 224,128						$ 224,128
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of subsidiary shares to noncontrolling interest				(179)					$ 179
Net income (loss)	(1,763)						(289)		(1,474)
Other comprehensive income (loss), net of tax	(25)					(25)
Cash dividends paid on common stock ($0.80 per share)	(39,187)						(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
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		306
Issuance of restricted stock, net of shares canceled	$ 1		$ 1
Issuance of restricted stock, net of shares cancelled (in shares)			871
Repurchases of common stock, shares exchanged	(3,429)				$ (3,429)
Repurchases of common stock, shares exchanged (in shares)			(162)		162
Repurchases of common stock	(41,369)				$ (41,369)
Repurchases of common stock (in shares)			(2,137)		2,137
Stock-based compensation expense	31,011			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		13,804
Cumulative-effect adjustment from adoption of ASU at Dec. 31, 2018		$ (2,859)						$ (2,859)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of subsidiary shares to noncontrolling interest				13					(13)
Net income (loss)	(64,033)						(62,530)		(1,503)
Other comprehensive income (loss), net of tax	275					275
Cash dividends paid on common stock ($0.80 per share)	(39,502)						(39,502)
Issuance of common stock in connection with exercise of stock options	694			694
Issuance of common stock in connection with exercise of stock options (in shares)			42
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		386
Issuance of restricted stock, net of shares canceled	$ 1		$ 1
Issuance of restricted stock, net of shares cancelled (in shares)			982
Repurchases of common stock, shares exchanged	(4,506)				$ (4,506)
Repurchases of common stock, shares exchanged (in shares)			(198)		198
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		14,002
Cumulative-effect adjustment from adoption of ASU at Dec. 31, 2019	148,317
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of subsidiary shares to noncontrolling interest				(19)					19
Net income (loss)	143,796						146,762		(2,966)
Other comprehensive income (loss), net of tax	1,317					1,317
Cash dividends paid on common stock ($0.80 per share)	(30,829)						(30,829)
Issuance of common stock in connection with exercise of stock options	89			89
Issuance of common stock in connection with exercise of stock options (in shares)			7
Issuance of common stock in connection with employee stock purchase plan	$ 4,764			4,764
Issuance of common stock in connection with employee common stock purchase plan (in shares)	355		355
Issuance of restricted stock, net of shares canceled	$ 2		$ 2
Issuance of restricted stock, net of shares cancelled (in shares)			2,083
Repurchases of common stock, shares exchanged	(10,508)				$ (10,508)
Repurchases of common stock, shares exchanged (in shares)			(671)		671
Repurchases of common stock	$ (70,081)				$ (70,081)
Repurchases of common stock (in shares)	(4,900)		(4,919)		4,919
Common stock issued in merger transaction	$ 828,334		$ 58	828,276
Common stock issued in merger transaction (in shares)			58,300
Retirement of treasury stock			$ (14)	(372,058)	$ 372,072
Retirement of treasury stock (in shares)					(14,185)
Stock-based compensation expense	39,135			39,135
Ending balance at Dec. 31, 2020	$ 1,451,119		$ 110	$ 1,268,471	$ (77,218)	$ 1,264	$ 264,250		$ (5,758)
Ending balance (in shares) at Dec. 31, 2020			104,775		5,407

Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Outstanding Amounts of Debt

The outstanding amounts of debt were as follows (in thousands):

	December 31, 2020			December 31, 2019
2020 Term B Loan Facility	$	873,750		$	—
2021 Convertible Notes		48			—
2018 Amended Term B Loan		—			344,000
Unamortized debt discount and issuance costs		(34,448	)		(9,321	)
		839,350			334,679
Less: current portion, net of debt discount and issuance costs		(43,689	)		—
Total long-term debt, net of current portion	$	795,661		$	334,679

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

As of December 31, 2020, future minimum principal payments for long-term debt, including the current portion, are summarized as follows (in thousands):

2021	$	52,548
2022		52,500
2023		72,188
2024		78,750
2025		617,812
Total	$	873,798

Segment and Geographic Information

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment and Geographic Information

NOTE 17 – SEGMENT AND GEOGRAPHIC INFORMATION

In connection with the Mergers, the Company re-evaluated its reportable segments. The Company concluded that it has two reportable segments for financial reporting purposes: (1) Product and (2) Intellectual Property (“IP”) Licensing. There are certain corporate overhead costs that are not allocated to these reportable segments because these operating amounts are not considered in evaluating the operating performance of the Company’s business segments.

Reportable segments are identified based on the Company's organizational structure and information reviewed by the Company’s chief operating decision maker ("CODM") to evaluate performance and allocate resources. The Company’s Chief Executive Officer is also the CODM as defined by the authoritative guidance on segment reporting.

The Product segment consists primarily of licensing Company-developed audio, digital radio, imaging, edge-based machine learning and multi-channel video user experience (“UX”) solutions. Audio, digital radio, imaging solutions and edge-based machine learning include the delivery of software and/or hardware-based solutions to the Company’s consumer electronics (“CE”) customers, automotive manufacturers or their supply chain partners. UX products and services revenue is primarily derived from multi-channel video service providers and CE manufacturers, licensing the TiVo service and selling TiVo-enabled devices like the Stream 4K, Personalized Content Discovery, enriched Metadata, viewership data and advertising.

The IP Licensing segment consists primarily of licensing the Company’s innovations to leading companies in the media and semiconductor industries. Licensing arrangements include access to one or more of the Company’s foundational patent portfolios and may also include access to some of its industry-leading technologies and proven know-how. In media, the Company’s licensees include multichannel video programming distributors, OTT video service providers, consumer electronics manufacturers, social media, and other new media companies. In semiconductor, the Company’s licensees include memory, sensors, RF component, and foundry companies.

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

The following table sets forth the Company’s segment revenue, operating expenses and operating income (loss) for the years ended December 31, 2020, 2019 and 2018 (in thousands):

	Years Ended December 31,
	2020				2019			2018
Revenue:
Product segment	$	376,101			$	198,124		$	218,349
IP Licensing segment		515,919				81,943			187,784
Total revenue		892,020				280,067			406,133
Operating expenses:
Product segment		351,913				186,562			185,370
IP Licensing segment		113,363				44,542			74,002
Unallocated operating expenses (1)		249,117		(2)		117,671			122,781
Total operating expenses		714,393				348,775			382,153
Operating income (loss):
Product segment		24,188				11,562			32,979
IP Licensing segment		402,556				37,401			113,782
Unallocated operating expenses (1)		(249,117	)			(117,671	)		(122,781	)
Total operating income (loss)	$	177,627			$	(68,708	)	$	23,980

(1)

(2)

Includes approximately $29.4 million in one-time transaction costs related to the Mergers and $14.3 million in post-merger severance and retention costs.

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

	Years Ended December 31,
	2020		2019		2018
Amortization and depreciation:
Product segment	$	111,129	$	93,402	$	93,582
IP Licensing segment		59,881		13,264		21,544
Unallocated		3,734		—		—
Total amortization and depreciation	$	174,744	$	106,666	$	115,126

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 for the periods indicated (in thousands):

	Years Ended December 31,
	2020					2019					2018
U.S.	$	548,857		62	%	$	74,469		26	%	$	53,245		13	%
Japan		114,195		13			85,833		31			88,513		22
Korea		110,782		12			74,790		27			209,245		51
Europe and Middle East		38,830		4			19,638		7			31,864		8
Other		79,356		9			25,337		9			23,266		6
	$	892,020	100%			$	280,067	100%			$	406,133	100%

For the years ended December 31, 2020, 2019 and 2018, one, two, and two customers, respectively, each accounted for 10% or more of total revenue.

As of December 31, 2020, 2019 and 2018, property and equipment, net, by geographic area are presented below (in thousands):

	December 31,
	2020		2019		2018
U.S.	$	54,818	$	28,273	$	29,123
Europe		4,842		4,391		1,533
Asia and other		3,547		213		381
Total	$	63,207	$	32,877	$	31,037

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: 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=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Investments Debt And Equity Securities [Abstract]

Summary of Marketable Securities

The following is a summary of marketable securities at December 31, 2020 and December 31, 2019 (in thousands):

	December 31, 2020
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Allowance for Credit Losses		Estimated Fair Values
Marketable securities
Corporate bonds and notes	$	69,973	$	29	$	(42	)	$	—	$	69,960
Commercial paper		15,991		—		(4	)		—		15,987
Treasury and agency notes and bills		32,299		—		—			—		32,299
Total debt securities		118,263		29		(46	)		—		118,246
Money market funds		3,849		—		—			—		3,849
Total equity securities		3,849		—		—			—		3,849
Total marketable securities	$	122,112	$	29	$	(46	)	$	—	$	122,095
Reported in:
Cash and cash equivalents										$	35,148
Available-for-sale debt securities (1)											86,947
Total marketable securities										$	122,095

(1)

Amortized cost related to the balance reported as AFS debt securities was $86,963.

	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
Available-for-sale debt securities									45,802
Equity securities									1,124
Total marketable securities								$	49,527

Fair Value and Gross Unrealized Losses Related to Individual Available-for-Sale Debt Securities

December 31, 2020	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	$	53,137	$	(42	)	$	—	$	—	$	53,137	$	(42	)
Commercial paper		12,988		(4	)		—		—		12,988		(4	)
Total	$	66,125	$	(46	)	$	—	$	—	$	66,125	$	(46	)

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	)

Estimated Fair Value of Marketable Debt Securities by Contractual Maturity

	Estimated Fair Value
Due in one year or less	$	77,263
Due in one to two years		40,983
Due in two to three years		—
Total	$	118,246

Business Combination

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Business Combination

NOTE 9 – BUSINESS COMBINATION

Effective June 1, 2020, Xperi and TiVo completed the previously announced merger of equals transaction (the “Merger”) contemplated by the Agreement and Plan of Merger and Reorganization, dated as of December 18, 2019, as amended on January 31, 2020, (the “Merger Agreement”), by and among Xperi, TiVo, XRAY-TWOLF HoldCo Corporation (“Xperi Holding”), XRAY Merger Sub Corporation (“Xperi Merger Sub”) and TWOLF Merger Sub Corporation (“TiVo Merger Sub”). Immediately prior to the consummation of the Merger, Xperi Holding changed its name to “Xperi Holding Corporation” (the “Company”). Pursuant to the Merger Agreement, (i) Xperi Merger Sub was merged with and into Xperi, with Xperi surviving the merger as a subsidiary of Xperi Holding Corporation (the “Xperi Merger”) and (ii) TiVo Merger Sub was merged with and into TiVo, with TiVo surviving the merger as a subsidiary of Xperi Holding Corporation (the “TiVo Merger” and together with the Xperi Merger, the “Mergers”). Immediately following the consummation of the Mergers, each of Xperi and TiVo became wholly-owned subsidiaries of the Company.

Upon completion of the Xperi Merger, each share of common stock, par value $0.001 per share, of Xperi (the “Xperi Common Stock”) (excluding any shares of Xperi Common Stock that were held in treasury immediately prior to the effective time of the Xperi Merger, which were automatically canceled and retired for no consideration) was converted into the right to receive one fully paid and non-assessable share of common stock, par value $0.001 per share, of the Company (“Company Common Stock”). Upon completion of the TiVo Merger, (i) each share of common stock, par value $0.001 per share, of TiVo (the “TiVo Common Stock”) (excluding any shares of TiVo Common Stock that were held in treasury immediately prior to the effective time of the TiVo Merger, which were automatically canceled and retired for no consideration) was converted into the right to receive 0.455 fully paid and non-assessable shares of common stock of the Company (the “Exchange Ratio”), in addition to cash in lieu of any fractional shares of the Company Common Stock.

As provided in the Merger Agreement, at the effective time of the Mergers, (i) all options, restricted shares, restricted stock unit awards and other equity awards relating to shares of Xperi Common Stock outstanding immediately prior to the effective time of the Mergers were generally automatically converted into options, restricted shares, restricted stock unit awards and other equity awards, respectively, relating to shares of Company Common Stock after giving effect to appropriate adjustments to reflect the Mergers and otherwise generally on the same terms and conditions as applied under the applicable plans and award agreements immediately prior to the effective time of the Mergers, and (ii) all options, restricted shares, restricted stock unit awards and other equity awards relating to shares of TiVo Common Stock that were outstanding immediately prior to the effective time of the Mergers (including Exchange Ratio) were generally automatically converted into options, restricted stock unit awards, restricted shares and other equity awards, respectively, relating to shares of Company Common Stock after giving effect to appropriate adjustments to reflect the Mergers and otherwise generally on the same terms and conditions as applied under the applicable plans and award agreements immediately prior to the effective time of the Mergers.

Following the Mergers, Xperi Common Stock and TiVo Common Stock were delisted from the Nasdaq Global Select Market (“Nasdaq”) and deregistered under the Securities Exchange Act of 1934, as amended. Since June 2, 2020, the shares of the Company’s common stock have been listed for trading on Nasdaq under the ticker symbol “XPER.”

The Mergers created a leading consumer and entertainment product/solutions and IP licensing company. The Company’s IP business includes one of the industry’s largest and most successful IP portfolios licensed to a diverse base of customers. On the product side, the Company offers a seamless end-to-end entertainment experience from creation to consumption; with greater scale, technology depth and breadth, and a platform relevant to one of the biggest challenges consumers of entertainment face today – how to quickly and easily find, watch and enjoy entertainment.

The Company is currently contemplating and may pursue, subject to any required regulatory approvals, a separation of the Company’s product business and IP licensing business through a tax-efficient transaction, resulting in two independent, publicly traded companies. The Company is currently evaluating the optimal timing of the contemplated business separation.

Merger Consideration

The merger consideration of $828.3 million was calculated as follows (amounts in thousands except exchange ratio and share price):

TiVo common shares outstanding as of June 1, 2020		128,132
TiVo exchange ratio		0.455
Xperi Holding Corporation common stock issued in exchange		58,300
Xperi Common Stock closing share price on June 1, 2020	$	14.00
			$	816,201
Fair value of replaced TiVo equity awards relating to pre-acquisition vesting of the equity award holders’ requisite service periods				12,133
Total merger consideration			$	828,334

Assumed TiVo Equity Awards

In connection with the Mergers, the Company assumed unvested TiVo equity incentive awards with a fair value of $34.1 million, of which $12.1 million related to pre-acquisition services and was included in the purchase price, and $22.0 million related to post-acquisition services. The Company valued the restricted stock units at the Company’s closing stock price and stock options using a Black-Scholes pricing model as of the date of acquisition. The fair value relating to post-acquisition services was expected to be amortized as stock-based compensation expense over an estimated weighted average remaining service period of 2.5 years after the Mergers.

Purchase Price Allocation

Based on an evaluation of the provisions of ASC 805, “Business Combinations,” Xperi was determined to be the accounting acquirer in the Mergers. The Company has applied the acquisition method of accounting that requires, among other things, that identifiable assets acquired and liabilities assumed generally be recognized on the balance sheet at fair value as of the acquisition date. In determining the fair value, the Company utilized various forms of the income, cost and market approaches depending on the asset or liability being fair valued. The estimation of fair value required significant judgment related to future net cash flows (including revenue, operating expenses, and working capital), discount rates reflecting the risk inherent in each cash flow stream, competitive trends, market comparables and other factors. Inputs were generally determined by taking into account historical data (supplemented by current and anticipated market conditions) and growth rates.

The initial allocation of the purchase price was based on preliminary valuations and assumptions. During the fourth quarter of 2020, the Company recorded certain measurement period adjustments shown below.

The table below presents the estimated fair value that was allocated to TiVo’s assets and liabilities based upon fair values as determined by the Company ($ in thousands):

	Estimated Useful Life (years)		Preliminary Fair Value (1)			Measurement Period Adjustments (2)			Adjusted Fair Value
Cash and cash equivalents			$	117,424		$	—		$	117,424
Accounts receivable				105,778						105,778
Unbilled contracts receivable				69,058						69,058
Other current assets				21,690			233			21,923
Long-term unbilled contracts receivable				129						129
Property and equipment				41,307						41,307
Operating lease right-of-use assets				71,444						71,444
Identifiable intangible assets:
Patents	10	457,400
Customer contracts and related relationships	4-9	358,200
Developed technology	5	34,800
Content database	9	6,200
Trademarks and tradenames	N/A	21,400
Total identifiable intangible assets				878,000						878,000
Goodwill				461,129			116			461,245
Other long-term assets				43,700			(141	)		43,559
Accounts payable				(13,258	)					(13,258	)
Accrued legal fees				(5,619	)					(5,619	)
Accrued liabilities				(79,071	)		(530	)		(79,601	)
Current portion of deferred revenue				(29,291	)					(29,291	)
Current portion of long-term debt				(734,609	)					(734,609	)
Deferred revenue, less current portion				(24,319	)					(24,319	)
Long-term deferred tax liabilities				(27,949	)		421			(27,528	)
Long-term debt				(48	)					(48	)
Noncurrent operating lease liabilities				(59,291	)					(59,291	)
Other long-term liabilities				(7,870	)		(99	)		(7,969	)
Total purchase price			$	828,334		$	—		$	828,334

(1) As previously reported in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2020.

(2) All adjustments were recorded in the fourth quarter of 2020. These measurement period adjustments primarily related to current indirect taxes payable, current and non-current income taxes receivable and payable, and deferred taxes as additional information was received and tax returns were finalized. All measurement period adjustments were offset against goodwill.

The above allocation of the purchase price is provisional and is still subject to change within the measurement period, including potential adjustments to current indirect taxes payable as additional information is received. The final allocation of the purchase price is expected to be completed as soon as practicable, but no later than one year from the date of the Mergers.

The following is a description of the methods used to determine the fair values of significant assets and liabilities.

Identifiable Intangible Assets

Identifiable intangible assets primarily consist of patents, developed technology, customer relationships, trademarks and tradenames, and content database. In determining the fair value, the Company utilized various forms of the income, cost and market approaches depending on the asset or liability being fair valued. The estimation of fair value required significant judgment related to cash flow forecasts, discount rates reflecting the risk inherent in each cash flow stream, competitive trends, market comparables and other factors. Inputs were generally determined using historical data supplemented by current and anticipated market conditions, and growth rates. Customer contracts and relationships relating to the IP business segment were valued using a “with and without” method. Significant assumptions used in this discounted cash flow analysis are the revenue growth rate, cost of sales, and the discount rate. Patents and other customer contracts and relationships relating to the Product business segment were valued using an excess earnings method. Significant assumptions used in the discounted cash flow analysis for (i) other customer contracts and relationships were the revenue growth rate, EBITDA margins, and the discount rate and (ii) patents were the revenue growth rate, EBITDA margins, and the discount rate. Trademark and tradename,

developed technology, and content database intangible assets were valued using a relief-from-royalty method. The significant assumptions used in the discounted cash flow analysis for (i) trademarks and tradenames were the royalty rates, revenue growth rates, and discount rate, and (ii) developed technology and content database were the royalty rates.

Long-term Debt

On the Merger date, TiVo had outstanding debt under the 2019 Term Loan Facility Agreement (“TiVo 2019 Term Loan”), pursuant to which TiVo was required to pay a 3.0% prepayment premium if the loan was prepaid on or prior to November 22, 2020. Under the 2019 Term Loan Facility Agreement, the Mergers triggered certain change of control conditions that constitute an event of default, thus requiring the debt to be paid immediately following the consummation of the Mergers. In connection with the consummation of the Mergers, the Company, on June 1, 2020, paid the full amount of the outstanding loan balance, including the 3.0% prepayment penalty. See “Note 11 – Debt” for additional information.

Fair value of the TiVo 2019 Term Loan was measured based on the par value of principal outstanding plus prepayment premium, which is equal to the amount that was paid by Xperi immediately following the consummation of the Mergers. The fair value of the TiVo 2019 Term Loan would be classified in Level 2 of the fair value hierarchy.

Goodwill

The excess of the consideration transferred over the fair value of assets acquired and liabilities assumed was recognized as goodwill. The goodwill is generated from operational synergies and cost savings the Company expects to achieve from the combined operations, as well as the expected benefits from future technologies that do not meet the definition of an identifiable intangible asset and TiVo’s knowledgeable and experienced workforce. See Note 10 for the allocation of goodwill to the reportable segments. Of the total goodwill acquired, $14.1 million is expected to be deductible for tax purposes; the remainder of the goodwill is not expected to be deductible for tax purposes.

TiVo Results of Operations

TiVo’s results of operations and cash flows have been included in the Company’s consolidated financial statements for periods subsequent to June 1, 2020, and TiVo’s assets and liabilities were recorded at their estimated fair values in the Company’s Consolidated Balance Sheets as of June 1, 2020. For the year ended December 31, 2020, TiVo contributed $593.6 million of revenue and $263.8 million of operating income, respectively, to the operating results of the Company.

Transaction and Severance Costs

In connection with the Mergers, the Company incurred, during the year ended December 31, 2020, significant one-time expenses such as transaction related costs (e.g. bankers fees, legal fees, consultant fees, etc.), lease impairment charges due to facilities consolidation, severance and retention costs (including stock-based compensation expense resulting from the contractually-required acceleration of equity instruments for departing executives). Total transaction related costs and lease impairment charges were $29.4 million and $2.4 million, respectively, in 2020. In addition, post-merger severance and retention costs (including related stock-based compensation expense) amounted to $14.3 million in 2020. The Company may incur additional expenses for integration, severance and retention, and the impairment of right-of-use assets due to facilities consolidation in future periods.

Supplemental Pro Forma Information

The following unaudited pro forma financial information assumes the companies were combined as of January 1, 2019. The unaudited pro forma financial information as presented below is for informational purposes only and is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information. This is not necessarily indicative of the results of operations that would have been achieved if the Mergers had taken place on January 1, 2019, nor is it necessarily indicative of future results. Consequently, actual results could differ materially from the unaudited pro forma financial information presented below. The following table presents the pro forma operating results as if TiVo had been included in the Company's Consolidated Statements of Operations as of January 1, 2019 (unaudited, in thousands):

	Years Ended December 31,
	2020		2019
Revenue	$	1,142,603	$	941,005
Net income (loss) attributable to Xperi Holding Corporation	$	9,775	$	(562,153	)

The unaudited supplemental pro forma information above includes the estimated impact of purchase accounting and other material, nonrecurring adjustments directly attributable to the Mergers. These pro forma adjustments primarily include the following (in thousands):

	Years Ended December 31,
	2020			2019
Estimated increase (decrease) to earnings due to revenue adjustments resulting from purchase accounting	$	(4,823	)	$	(7,191	)
Estimated increase (decrease) to earnings to adjust for transaction and other related costs, including facilities impairment charges, incurred in connection with the Mergers	$	34,569		$	(24,651	)
Estimated increase (decrease) to earnings to adjust for severance and retention costs, including related stock-based compensation expense, incurred in connection with the Mergers	$	15,865		$	(16,511	)
Estimated increase (decrease) to earnings to reflect payoff of historical debt and issuance of new debt financing in connection with the Mergers	$	23,121		$	(18,098	)
Estimated decrease to earnings due to pro forma adjustments for income taxes (1)(2)	$	(13,605	)	$	(21,519	)

(1)

For the year ended December 31, 2020, the pro forma tax adjustments primarily reflect the assumption that the combined company placed a valuation allowance on its federal and state deferred tax assets prior to 2020 and the applicability of Base Erosion and Anti-Abuse Tax (“BEAT”) to Xperi tax expense for the period prior to the Mergers.

(2)

For the year ended December 31, 2019, the pro forma tax adjustments primarily reflect the assumption that the combined company placed a valuation allowance on its federal and state deferred tax assets prior to 2019 and the applicability of BEAT to Xperi’s tax expense.

The unaudited supplemental pro forma information above does not include any cost saving synergies from operating efficiencies.

Benefit Plan

12 Months Ended

Dec. 31, 2020

Compensation And Retirement Disclosure [Abstract]

Benefit Plan

NOTE 18 – 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, 2020, 2019 and 2018, the Company contributed approximately $4.2 million, $3.0 million, and $2.9 million, respectively, to the 401(k) plan.

Leases

12 Months Ended

Dec. 31, 2020

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, data centers and office equipment under operating leases which expire through 2029. 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 the next 6 years or less. Leases with an initial term of 12 months or less are not recorded on the balance sheets; expense for these leases is recognized on a straight-line basis over the lease term. Variable lease payments are expensed as incurred and are not included within the lease liability and right-of-use assets calculation. As a practical expedient, the Company elected, for all office and

facility leases, not to separate nonlease components (e.g., common-area maintenance costs) from lease components (e.g., fixed payments including rent) and instead to account for each separate lease component and its associated non-lease components as a single lease component. As most of the leases do not provide an implicit rate, the Company generally, for purposes of discounting lease payments, uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date.

The Company subleases certain real estate to third parties. The sublease portfolio consists of operating leases for previously exited office space. Certain subleases include variable payments for operating costs. The subleases are generally co-terminus with the head lease, or shorter. Subleases do not include any residual value guarantees or restrictions or covenants imposed by the leases. Income from subleases is recognized as a reduction to selling, general and administrative expenses.

The components of operating lease costs were as follows (in thousands):

	Years Ended December 31,
	2020			2019		2018
Fixed lease cost ⁽¹⁾	$	17,407		$	6,876	$	7,188
Variable lease cost		3,648			1,095		—
Less: sublease income		(5,423	)		—		—
Total operating lease cost	$	15,632		$	7,971	$	7,188

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

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

	Years Ended December 31,
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,770		$	6,183
ROU assets obtained in exchange for new lease liabilities:
Operating leases	$	5,775		$	5,612

	December 31, 2020			December 31, 2019
Weighted-average remaining lease term (years):
Operating leases	5.1			4.6
Weighted-average discount rate:
Operating leases		5.2	%		5.7	%

Future minimum lease payments and related lease liabilities as of December 31, 2020 were as follows (in thousands):

	Operating Lease Payments (1)			Sublease Income			Net Operating Lease Payments
2021	$	21,825		$	(6,257	)	$	15,568
2022		18,420			(6,117	)		12,303
2023		16,776			(6,231	)		10,545
2024		15,719			(6,293	)		9,426
2025		14,635			(6,279	)		8,356
Thereafter		8,966			(935	)		8,031
Total lease payments		96,341			(32,112	)		64,229
Less: imputed interest		(12,205	)		—			(12,205	)
Present value of lease liabilities:	$	84,136		$	(32,112	)	$	52,024

Less: current obligations under leases (accrued liabilities)		17,893
Noncurrent operating lease liabilities	$	66,243

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

As of December 31, 2019, future minimum lease payments 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		(2,776	)
Present value of lease liabilities	$	19,259

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

Stock-Based Compensation Expense

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation Expense

NOTE 14 – STOCK-BASED COMPENSATION EXPENSE

The effect of recording stock-based compensation expense for the years ended December 31, 2020, 2019 and 2018 is as follows (in thousands):

	Years Ended December 31,
	2020			2019			2018
Cost of licensing, services and software revenue, excluding depreciation and amortization of intangible assets	$	781		$	—		$	—
Research, development and other related costs		13,592			14,643			13,168
Selling, general and administrative		24,762			16,911			17,843
Total stock-based compensation expense		39,135			31,554			31,011
Tax effect on stock-based compensation expense		(2,116	)		(5,051	)		(4,869	)
Net effect on net income (loss)	$	37,019		$	26,503		$	26,142

In connection with the Mergers, the Company assumed unvested TiVo equity awards with a fair value of $34.1 million, of which $22.0 million related to post-acquisition services. For the year ended December 31, 2020, the Company recognized $5.8 million associated with the unvested TiVo equity awards assumed. See “Note 9 – Business Combination” for additional detail.

Stock-based compensation expense categorized by various equity components for the years ended December 31, 2020, 2019 and 2018 is summarized in the table below (in thousands):

	Years Ended December 31,
	2020		2019		2018
Restricted stock awards and units	$	36,451	$	29,031	$	27,974
Employee stock purchase plan		2,613		2,304		2,599
Employee stock options		71		219		438
Total stock-based compensation expense	$	39,135	$	31,554	$	31,011

The total fair value of restricted stock awards and units vested during the years ended December 31, 2020, 2019 and 2018 was $45.7 million, $30.1 million and $30.4 million, respectively.

The total intrinsic value of options exercised during the years ended December 31, 2020, 2019 and 2018 was $0.1 million, $0.2 million and $1.0 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, 2020, 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 0.8 years, and $73.5 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 2.7 years.

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.

The Company uses the Black-Scholes option pricing model to determine the estimated fair value of options and ESPP shares. 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.

There were no stock options granted during the years ended December 31, 2020, 2019 and 2018.

The following assumptions were used to value the ESPP shares:

	Years Ended December 31,
	2020		2019		2018
Expected life (years)		2.0		2.0		2.0
Risk-free interest rate	0.1 - 1.4%		1.7 - 2.5%		2.2 - 2.7%
Dividend yield	1.4 - 4.0%		3.5 - 5.4%		3.6 - 3.9%
Expected volatility	45.8 - 57.5%		51.7 - 53.4%		39.4 - 41.7%

For the years ended December 31, 2020, 2019 and 2018, an aggregate of 355,000, 386,000 and 306,000 common shares, respectively, were purchased pursuant to the ESPP.

The Company uses a Monte Carlo simulation to determine the grant date fair value of performance stock units subject to market conditions, or market-based PSUs. The following assumptions were used to value the performance stock units subject to market conditions granted in the year ended December 31, 2020:

	Year Ended December 31, 2020
Expected life (years)		3.0
Risk-free interest rate		0.2	%
Dividend yield		1.4	%
Expected volatility		51.3	%

There were no market-based PSUs granted during the years ended December 31, 2019 and 2018.

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 the years ended December 31, 2020, 2019 and 2018, respectively.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 170,188	$ 74,551
Available-for-sale debt securities, at fair value (amortized cost and allowance for credit losses of $86,963 and $0, respectively, at December 31, 2020)	86,947	45,802
Equity securities	3,849	3,725
Accounts receivable, net of allowance for credit losses of $7,336 and $566, respectively	115,975	24,177
Unbilled contracts receivable	132,431	121,826
Other current assets	40,763	13,735
Total current assets	546,304	281,215
Long-term unbilled contracts receivable	6,761	26,672
Property and equipment, net	63,207	32,877
Operating lease right-of-use assets	80,226	17,786
Intangible assets, net	1,004,379	232,275
Goodwill	847,029	385,784
Other long-term assets	153,270	71,336
Total assets	2,701,176	1,047,945
Current liabilities:
Accounts payable	13,045	4,650
Accrued legal fees	5,783	1,316
Accrued liabilities	129,035	41,433
Current portion of long-term debt	43,689	0
Deferred revenue	33,119	720
Total current liabilities	224,671	48,119
Deferred revenue, less current portion	39,775	0
Long-term deferred tax liabilities	24,754	29,735
Long-term debt, net	795,661	334,679
Noncurrent operating lease liabilities	66,243	13,414
Other long-term liabilities	98,953	76,898
Total liabilities	1,250,057	502,845
Commitments and contingencies (Note 16)
Company stockholders’ equity:
Preferred stock: $0.001 par value; authorized (2020: 15,000 shares; 2019: 10,000 shares) and no shares issued and outstanding
Common stock: $0.001 par value; (2020: authorized 350,000 shares, issued 110,182 shares, outstanding 104,775 shares; 2019: authorized 150,000 shares, issued 63,622 shares, outstanding 49,620 shares)	110	64
Additional paid-in capital	1,268,471	768,284
Treasury stock at cost (2020: 5,407 shares; 2019: 14,002 shares)	(77,218)	(368,701)
Accumulated other comprehensive income (loss)	1,264	(53)
Retained earnings	264,250	148,317
Total Company stockholders’ equity	1,456,877	547,911
Noncontrolling interest	(5,758)	(2,811)
Total equity	1,451,119	545,100
Total liabilities and equity	2,701,176	1,047,945
Equity securities
Current assets:
Equity securities	$ 0	$ 1,124

Revenue - Schedule of Remaining Performance Obligations (Details 1) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 500,854	$ 6,672

Segment and Geographic Information - Schedule of Segment Reporting Information by Segment (Parenthetical) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020 USD ($)
Segment Reporting [Abstract]
One-time transaction costs related to the Mergers	$ 29.4
Post-merger severance and retention costs	$ 14.3

Leases - Schedule of Operating Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Fixed lease cost	$ 17,407	$ 6,876	$ 7,188
Variable lease cost	3,648	1,095
Less: sublease income	(5,423)
Total operating lease cost	$ 15,632	$ 7,971	$ 7,188

Financial Instruments - Estimated Fair Value of Marketable Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Due in one year or less	$ 77,263
Due in one to two years	40,983
Total	$ 118,246	$ 45,802

Debt

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Debt

NOTE 11 – DEBT

The outstanding amounts of debt were as follows (in thousands):

	December 31, 2020			December 31, 2019
2020 Term B Loan Facility	$	873,750		$	—
2021 Convertible Notes		48			—
2018 Amended Term B Loan		—			344,000
Unamortized debt discount and issuance costs		(34,448	)		(9,321	)
		839,350			334,679
Less: current portion, net of debt discount and issuance costs		(43,689	)		—
Total long-term debt, net of current portion	$	795,661		$	334,679

2020 Term B Loan Facility

On June 1, 2020, in connection with the consummation of the Mergers with TiVo, the Company entered into a Credit Agreement (the “2020 Credit Agreement”) by and among the Company, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent. The 2020 Credit Agreement provides for a five-year senior secured term loan B facility in an aggregate principal amount of $1,050 million (the “2020 Term B Loan Facility”). The interest rate applicable to loans outstanding under the 2020 Term B Loan Facility is equal to, at the Company’s option, either (i) a base rate plus a margin of 3.00% per annum or (ii) LIBOR plus a margin of 4.00% per annum. Commencing on September 30, 2020, the 2020 Term B Loan Facility will amortize in equal quarterly installments in aggregate quarterly amounts equal to (i) with respect to repayments occurring on or prior to June 1, 2023, 1.25% of the original principal amount of the 2020 Term B Loan Facility and (ii) with respect to repayments occurring after June 1, 2023 and prior to June 1, 2025, 1.875% of the original principal amount of the 2020 Term B Loan Facility, with the balance payable on the maturity date of the 2020 Term B Loan Facility (in each case subject to adjustment for prepayments). The 2020 Term B Loan Facility will mature on June 1, 2025. Upon the closing of the 2020 Credit Agreement, the Company borrowed $1,050 million under the 2020 Term B Loan Facility. Net proceeds were used on June 1, 2020, together with cash and cash equivalents, to refinance the existing indebtedness of the combined Company (the “Debt Financing”), including paydown of the TiVo 2019 Term Loan of $734.6 million. See “Note 9 – Business Combination” for additional information relating to the Mergers. Additionally, debt discount and issuance costs of approximately $39.7 million were incurred and capitalized in connection with the 2020 Term B Loan Facility in June 2020.

The Company commenced repaying quarterly installments under the 2020 Term B Loan Facility in the third quarter of 2020, and also elected to make a voluntary principal payment of $150.0 million on December 31, 2020. As outlined in the 2020 Credit Agreement, additional cash payments must be made on an annual basis beginning March 31, 2022 based on certain leverage ratios and excess cash flow generated for the immediately preceding fiscal year. The voluntary principal payment made on December 31, 2020 may be applied against required additional paydowns, if any, beginning March 31, 2022.

The obligations under the 2020 Credit Agreement are guaranteed by Xperi, TiVo and certain other of the Company’s wholly-owned material domestic subsidiaries (collectively, the “Guarantors”) pursuant to the Guaranty, dated as of June 1, 2020 (the “Guaranty”), among Xperi, TiVo, the other Guarantors party thereto and Bank of America, N.A., as administrative agent. The

obligations under the 2020 Credit Agreement are secured by a lien on substantially all of the assets of the Company and the Guarantors pursuant to the Security Agreement, dated as of June 1, 2020 (the “Security Agreement”), among the Company, Xperi, TiVo, the other pledgors party thereto and Bank of America, N.A., as collateral agent.

The 2020 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 2020 Credit Agreement also contains customary representations and warranties and affirmative and negative covenants that, among other things, restrict the ability of the Company and its subsidiaries to create or incur certain liens, incur or guarantee additional indebtedness, merge or consolidate with other companies, transfer or sell assets and make restricted payments. These covenants are subject to a number of limitations and exceptions set forth in the Credit Agreement. The Company was in compliance with all requirements as of December 31, 2020.

2018 Amended Term B Loan

On December 1, 2016, in connection with the consummation of the acquisition of DTS, the Company entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, Royal Bank of Canada, as administrative agent and collateral agent, and the lenders party thereto. The Credit Agreement provided for a $600.0 million seven-year term B loan facility (the “Term B Loan Facility”) which was scheduled to mature on November 30, 2023. Upon the closing of the Credit Agreement, the Company borrowed $600.0 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 “2018 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 2018 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. On June 1, 2020, the entire remaining balance of $344.0 million was paid off by using the proceeds from the 2020 Term B Loan Facility as part of the TiVo Merger transaction. As a result of the refinancing transaction, the Company recorded a loss on early extinguishment of debt of $8.3 million, which consisted of unamortized debt discount and issuance costs, in its Consolidated Statements of Operations for the year ended December 31, 2020.

2019 Term Loan Facility

In connection with the Mergers, the Company paid off all outstanding balance under the TiVo 2019 Term Loan. The 2019 Term Loan Facility Agreement was entered into on November 22, 2019 between TiVo, as borrower, and the lenders party thereto and HPS Investment Partners, LLC as administrative agent and collateral agent. Under the 2019 Term Loan, TiVo borrowed $715.0 million, which matures on November 22, 2024.

Under the 2019 Term Loan Facility Agreement, TiVo was required to pay a 3.0% prepayment premium if the loan was prepaid on or prior to November 22, 2020. Further under the same Loan Facility Agreement, the Mergers triggered certain change of control conditions that constitute an event of default, thus requiring the debt to be repaid immediately following the consummation of the Mergers. Using the proceeds from the aforementioned 2020 Term B Loan Facility, the Company, on June 1, 2020, made a full repayment of the 2019 Term Loan along with the prepayment penalty for a total payoff amount of $734.6 million.

2021 Convertible Notes

Upon consummation of the TiVo Merger on June 1, 2020, the Company assumed $48.0 thousand of Convertible Senior Notes that were issued by TiVo Solutions Inc. (“TiVo Solutions”) in September 2014 and mature October 1, 2021 (the “2021 Convertible Notes”). The 2021 Convertible Notes bear interest at an annual rate of 2.0%, payable semi-annually in arrears on April 1 and October 1 of each year.

Interest Expense and Expected Principal Payments

At December 31, 2020, $873.8 million was outstanding with an interest rate, including the amortization of debt discount and issuance costs, of 5.1%. Interest is payable monthly. There were also $34.4 million of unamortized debt discount and issuance costs recorded as a reduction of the long-term portion of the debt. At December 31, 2019, $344.0 million was outstanding with unamortized debt discount and issuance costs amounting to $9.3 million. Interest expense was $37.9 million, $23.4 million and $25.7 million for the years ended December 31, 2020, 2019 and 2018, respectively. Amortized debt discount and issuance costs, which were included in interest expense, amounted to $6.3 million, $2.5 million and $2.5 million for the years ended December 31, 2020, 2019 and 2018, respectively.

As of December 31, 2020, future minimum principal payments for long-term debt, including the current portion, are summarized as follows (in thousands):

2021	$	52,548
2022		52,500
2023		72,188
2024		78,750
2025		617,812
Total	$	873,798

Composition Of Certain Financial Statement Captions - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 110,958	$ 64,165
Less: Accumulated depreciation and amortization	(47,751)	(31,288)
Property and equipment, net	63,207	32,877	$ 31,037
Equipment, furniture and other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	61,573	32,504
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	18,309	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	$ 25,776	$ 8,103

Schedule II Valuation and Qualifying

12 Months Ended

Dec. 31, 2020

Valuation And Qualifying Accounts [Abstract]

Schedule II Valuation and Qualifying Accounts

Schedule II. Valuation and Qualifying Accounts for the Years Ended December 31, 2020, 2019 and 2018

(in thousands):

	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
2018	$	32,032	$	2,794		$	7,116	$	41,942
2019	$	41,942	$	(4,699	)	$	—	$	37,243
2020	$	37,243	$	(50,838	)	$	301,490	$	287,895

The Company And Basis Of Presentation

12 Months Ended

Dec. 31, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

The Company and Basis of Presentation

NOTE 1 – THE COMPANY AND BASIS OF PRESENTATION

On December 18, 2019, Xperi Corporation (“Xperi”) entered into an Agreement and Plan of Merger and Reorganization with TiVo Corporation (“TiVo”) to combine in an all-stock merger of equals transaction (the “Mergers”). Immediately following the consummation of the Mergers on June 1, 2020, (the “Merger Date”), Xperi Holding Corporation (the “Company”), a Delaware corporation founded in December 2019 under the name “XRAY-TWOLF HoldCo Corporation,” became the parent company of both Xperi and TiVo. The common stock of Xperi and TiVo were de-registered after completion of the Mergers. On June 2, 2020, Xperi Holding Corporation’s common stock, par value $0.001 per share, commenced trading on the Nasdaq Global Select Market (“Nasdaq”) under the ticker symbol “XPER.” See “Note 9 – Business Combination” for a more detailed description of the Mergers.

Xperi was determined to be the accounting acquirer in the Mergers. As a result, the historical financial statements of Xperi for periods prior to the Mergers are considered to be the historical financial statements of Xperi Holding Corporation. As used herein, the “Company” refers to Xperi when referring to periods prior to June 1, 2020 and to Xperi Holding Corporation when referring to periods subsequent to June 1, 2020. The Company’s results of operations include the operations of TiVo after June 1, 2020, and TiVo’s assets and liabilities were recorded at their estimated fair values in the Company’s Consolidated Balance Sheets as of June 1, 2020. See “Note 9 – Business Combination” for additional information on the Mergers.

Xperi Holding Corporation is a leading consumer and entertainment product/solutions licensing company and one of the industry’s largest intellectual property (IP) licensing platforms, with a diverse portfolio of media and semiconductor intellectual property and more than 11,000 patents and patent applications worldwide. The Company invents, develops, and delivers technologies that enable extraordinary experiences. The Company’s technologies, delivered via its brands (DTS, HD Radio, IMAX Enhanced, Invensas, and TiVo), and by its subsidiary, Perceive Corporation, make entertainment more entertaining, and smart devices smarter. The Company’s technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for customers, partners and consumers. The Company shapes how millions of consumers access and experience entertainment content, and the Company’s innovations are found in billions of devices and hundreds of millions of interfaces around the globe.

The Company has two principal segments, a product segment and an IP licensing segment. The Product segment consists primarily of licensing Company-developed audio, digital radio, imaging, edge-based machine learning and multi-channel video user experience (“UX”) solutions. Audio, digital radio, imaging solutions and edge-based machine learning include the delivery of software and/or hardware-based solutions to the Company’s consumer electronics (“CE”) customers, automotive manufacturers or their supply chain partners. UX products and services revenue is primarily derived from multi-channel video service providers and CE manufacturers, licensing the TiVo service and selling TiVo-enabled devices like the Stream 4K, Personalized Content Discovery, enriched Metadata, viewership data and advertising.

The IP Licensing segment consists primarily of licensing the Company’s innovations to leading companies in the media and semiconductor industries. Licensing arrangements include access to one or more of the Company’s foundational patent portfolios and may also include access to some of its industry-leading technologies and proven know-how. In media, the Company’s licensees include multichannel video programming distributors (MVPDs), over-the-top (OTT) video service providers, consumer electronics manufacturers, social media, and other new media companies. In semiconductor, the Company’s licensees include memory, sensors, RF component, and foundry companies.

The consolidated financial statements include the accounts of Xperi Holding Corporation, its wholly owned subsidiaries, and a majority-owned subsidiary. In the fourth quarter of 2018, the Company funded a new subsidiary, Perceive Corporation (“Perceive”), which was created to focus on delivering edge inference solutions. As of December 31, 2020, the Company owned approximately 81% of Perceive. The operating results of Perceive 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.

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

Reclassification

As a result of the Mergers, certain reclassifications of prior period amounts have been made to improve comparability and conform to the current period presentation. Presentation changes were made to the Consolidated Statements of Operations. In addition, certain reclassifications of prior period data have been made in the Notes to Consolidated Financial Statements to conform to the current period presentation.

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Contingency [Line Items]
Valuation allowance	$ 287,895	$ 37,243
Valuation allowance change in amount	(250,700)
Accumulated undistributed earnings generated by foreign subsidiaries	205,700
Income tax receivable, noncurrent	122,993	64,570
Long-term income tax payable	94,397	76,767
Unrecognized tax benefits	233,156	87,294	$ 33,552	$ 33,506
Unrecognized tax benefits that would impact the effective income tax rate	100,400	82,900
Unrecognized tax benefits, period decrease	(5,800)
Accrued interest and tax penalties related to unrecognized tax benefits	2,500	1,200
South Korea and Other Business Factors
Income Tax Contingency [Line Items]
Valuation allowance change in amount	(36,700)	(17,000)
Income tax receivable, noncurrent	123,000	65,200
Long-term income tax payable	62,300	$ 48,200
Federal
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 509,200
Operating loss carryforwards, begin to expire year	2021
Operating loss carryforwards, expiration end year	2035
State
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 1,133,100
Operating loss carryforwards, begin to expire year	2021
Operating loss carryforwards, expiration end year	2039
State \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward	$ 82,200
Foreign
Income Tax Contingency [Line Items]
Tax credit carryforward	$ 128,100
Tax credit carryforward expiration start year	2021
Tax credit carryforward expiration end year	2030
Foreign \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward	$ 600
TiVo Merger
Income Tax Contingency [Line Items]
Valuation allowance change in amount	(281,700)
DTS Inc. & Subsidiaries And Ziptronix Inc. \| Federal \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward	$ 82,900
Tax credit carryforward expiration start year	2021
Tax credit carryforward expiration end year	2040
Comcast
Income Tax Contingency [Line Items]
Valuation allowance change in amount	$ 31,000

Recent Accounting Pronouncements

12 Months Ended

Dec. 31, 2020

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

Recent Accounting Pronouncements

NOTE 3 – 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 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.

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. The current expected credit loss model is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect collectability. Current expected credit losses, and subsequent adjustments, represent an estimate of lifetime expected credit losses that are recorded as an allowance deducted from the amortized cost of the financial instrument. The updated guidance also amends the other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments for credit-related losses through an allowance and eliminating the length of time a security has been in an unrealized loss position as a consideration in the determination of whether a credit loss exists. On January 1, 2020, the Company adopted the new standard using a modified retrospective transition approach for the provisions related to application of the current expected credit loss model to financial instruments and using a prospective transition approach for the provisions related to credit losses on available-for-sale debt securities. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. For additional detail, refer to “Note 4 – Revenue.”

In August 2018, the FASB issued ASU 2018-15, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract” (“ASU 2018-15”) modifying the requirements for capitalizing costs incurred to implement a hosting arrangement that is a service contract. The modified requirements were intended to align the cost capitalization requirements for hosting arrangements with the cost capitalization requirements for internal-use software. The Company adopted the standard on January 1, 2020 and applied the modified requirements prospectively to all implementation costs incurred after the date of adoption. The adoption did not have a material impact on the Company’s consolidated financial statements.

Recent Accounting Pronouncements

In December 2019, the 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 for goodwill in non-business combination transactions, intraperiod tax allocation exception to the incremental approach, and interim period accounting for enacted changes in tax law. ASU 2019-12 is effective for the Company in the first quarter of the year ending December 31, 2021. The Company does not expect that the adoption of the standard will have a material impact on its consolidated financial statements.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”). ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in ASU 2020-04 apply only to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04 is effective beginning on March 12, 2020 and may be applied prospectively through December 31, 2022. The Company is currently assessing the potential impact of the standard on its consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-URI http://asc.fasb.org/topic&trid=2122394

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=112272810&loc=SL108384541-122693

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (g)(1)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 11.M.Q2)
-URI http://asc.fasb.org/extlink&oid=112272810&loc=d3e31137-122693

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
-SubTopic 20
-Section 65
-Paragraph 2
-Subparagraph (f)(3)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(1)

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(2)

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (e)(3)

+ Details

Composition Of Certain Financial Statement Captions - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Prepaid income taxes	$ 4,654	$ 2,364
Prepaid expenses	20,393	8,802
Inventory	9,819	100
Other	5,897	2,469
Other current assets, total	$ 40,763	$ 13,735

Debt - Summary of Future Minimum Principal Payments for Long-term Debt, Including Current Portion (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Debt Disclosure [Abstract]
2021	$ 52,548
2022	52,500
2023	72,188
2024	78,750
2025	617,812
Total	$ 873,798

The Company and Basis of Presentation - Narrative (Details)	12 Months Ended
	Dec. 31, 2020 Patent business segment $ / shares	Jun. 02, 2020 $ / shares	Dec. 31, 2019 $ / shares
Organization Consolidation And Presentation [Line Items]
Effective date of merger	Jun. 01, 2020
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001	$ 0.001
Number of principal segment \| segment	2
Perceive Corporation
Organization Consolidation And Presentation [Line Items]
Ownership interest, percentage	81.00%
Product Business And Intellectual Property Licensing Business
Organization Consolidation And Presentation [Line Items]
Number of principal segment \| business	2
Minimum
Organization Consolidation And Presentation [Line Items]
Number of patents and applications \| Patent	11,000

Summary Of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Basis of Accounting

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

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The accounting estimates and assumptions that require management’s most significant, challenging, and subjective judgment include the estimation of licensees’ quarterly royalties prior to receiving the royalty reports, the determination of stand-alone selling price and the transaction price in an arrangement with multiple performance obligations, the estimation of variable consideration, judgment used to estimate the progress toward completion in the Company’s engineering services, the collectability of accounts receivable, other intangible assets and investments, the assessment of the recoverability of goodwill, the assessment of useful lives and recoverability of other intangible assets and long-lived assets, recognition and measurement of current and deferred income tax assets and liabilities, the assessment of unrecognized tax benefits, and purchase accounting resulting from business combinations, among others. Actual results experienced by the Company may differ from management’s estimates.

The COVID-19 pandemic has resulted in a global slowdown of economic activity which is likely to reduce the future demand for a broad variety of goods and services, while also disrupting sales channels, marketing activities and supply chains for an unknown period of time until the virus is fully contained. The Company’s business operations have been negatively impacted by the COVID-19 pandemic and related events and the Company expects this disruption to continue to have a negative impact on its revenue and results of operations, the size and duration of which is currently difficult to predict. The impact to date has included a decline in demand in various markets and industries, particularly the automotive market. Although the Company is unable to predict the full impact and duration of COVID-19 on its business, the Company is actively managing its financial expenditures in response to the current uncertainty.

The impact of the COVID-19 pandemic and related events, including actions taken by various government authorities in response, have increased market volatility and make the estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes more difficult. As of the date of issuance of the financial statements, the Company is not aware of any specific event or circumstance that would require it to update its estimates, judgments or revise the carrying value of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known.

Revenue Recognition

General

Revenue is recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services, which may include various combinations of goods and services which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of sales taxes collected from customers which are subsequently remitted to governmental authorities. In situations where foreign withholding taxes are withheld by the Company’s licensee, revenue is recognized gross of withholding taxes that are remitted directly by the licensee to a local tax authority.

Arrangements with Multiple Performance Obligations

Some of the Company’s contracts with customers contain multiple performance obligations. For these contracts, the individual performance obligations are separately accounted for if they are distinct. In an arrangement with multiple performance obligations, the transaction price is allocated among the separate performance obligations on a relative stand-alone selling price basis. The determination of stand-alone selling price considers market conditions, the size and scope of the contract, customer and geographic information, and other factors. When observable prices are not available, stand-alone selling price for separate performance obligations is based on the cost-plus-margin approach, considering overall pricing objectives. The allocation of transaction price among performance obligations in a contract may impact the amount and timing of revenue recognized in the Consolidated Statements of Operations during a given period.

Contract Modifications

Contracts may be modified due to changes in contract specifications or customer requirements. Contract modifications occur when the change in terms either creates new enforceable rights and obligations or changes existing enforceable rights and obligations. The effect of a contract modification for goods and services that are not distinct in the context of the contract on the transaction price is recognized as an adjustment to revenue on a cumulative catch-up basis. Contract modifications that result in goods or services that are distinct from the existing goods or services are accounted for as separate contracts if they are sold at their stand-alone selling price, or otherwise prospectively.

Variable Consideration

When a contract with a customer includes a variable transaction price, an estimate of the consideration which the Company expects to be entitled to for transferring the promised goods or services is made at contract inception. Depending on the terms of the contract, variable consideration is estimated using either the expected value approach or the most likely value approach. Under either approach to estimating variable consideration, the estimate considers all information (historical, current and forecast) that is reasonably available at contract inception. The amount of variable consideration is estimated at contract inception and updated as additional information becomes available. The estimate of variable consideration is included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Subsequent changes in the transaction price resulting from changes in the estimate of variable consideration are allocated to the performance obligations in the contract on the same basis

as at contract inception. Certain payments to licensees, retailers and distributors, such as market development funds and revenue shares, are treated as a reduction of the transaction price, and therefore a reduction to revenue, unless the payment is in exchange for a distinct good or service that the licensee, retailer or distributor transfers to the Company.

When variable consideration is in the form of a sales-based or usage-based royalty in exchange for a license of IP, or when a license of IP is the predominant item to which the variable consideration relates, revenue is recognized at the later of when the subsequent sale or usage occurs or the performance obligation to which some or all of the sales-based or usage-based royalty has been allocated has been satisfied or partially satisfied.

Nature of Goods and Services

The following is a discussion of the principal activities from which the Company generates its revenue.

License Agreements

The Company operates in two business segments. In its Product segment, the Company licenses its audio, digital radio, imaging, edge-based machine learning and multi-channel video user experience (“UX”) solutions. Within this segment, the Company groups its business into three categories based on the products delivered and customers served: Consumer Experience, Connected Car, and Pay-TV. In its IP Licensing segment, the Company licenses (i) its media patent portfolios (“Media IP licensing”) to multichannel video programming distributors, over-the-top video service providers, consumer electronics manufacturers, social media, and other new media companies and (ii) its semiconductor technologies and associated patent portfolios (“Semiconductor IP licensing”) to memory, sensors, RF component, and foundry companies.

The Company licenses its technologies and portfolios under three revenue models: (i) fixed-fee Media IP licensing, (ii) fixed-fee or minimum guarantee Product or Semiconductor IP licensing, and (iii) per-unit or per-subscriber royalty licenses.

Fixed-fee Media IP licensing

The Company's long-term fixed-fee Media IP licensing agreements, which are related to the TiVo businesses following the Mergers, provide its customers with rights to future patented technologies over the term of the agreement that are highly interdependent or highly interrelated to the patented technologies provided at the inception of the agreement. The Company treats these rights as a single performance obligation with revenue recognized on a straight-line basis over the term of the fixed-fee license agreement.

At times, the Company enters into license agreements in which a licensee is released from past patent infringement claims or is granted a license to ship an unlimited number of units or for an unlimited number of subscribers over a future period for a fixed fee. In these arrangements, the Company allocates the transaction price between the release for past patent infringement claims and the future license. In determining the stand-alone selling price of the release for past patent infringement claims and the future license, the Company considers such factors as the number of units shipped in the past or the number of past subscribers and the relevant geographies of the shipped units or subscribers, the future number of subscribers or units, as well as the licensing rate the Company generally receives for per-subscriber or units shipped in the same geographies. As the release from past patent infringement claims is generally satisfied at execution of the agreement, the transaction price allocated to the release from past patent infringement claims is generally recognized in the period the agreement is executed and the amount of transaction price allocated to the future license is recognized ratably over the future license term.

Fixed-fee or minimum guarantee Semiconductor IP or Product licensing

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

If the contract term of a fixed fee or minimum guarantee arrangement is longer than one year, the Company also considers the scheduled payment arrangements to determine whether a significant financing component exists. In general, if the payment arrangements extend beyond the initial twelve months of the contract, the Company treats a portion of the payments as a significant financing component. The discount rate used for each arrangement reflects the rate that would be used in a separate financing transaction between the Company and the licensee at contract inception and takes into account the credit

characteristics of the licensee and market interest rates as of the date of the agreement. As such, the amount of fixed fee revenue recognized at the beginning of the license term will be reduced by the calculated financing component. As payments are received from the licensee, the Company recognizes a portion of the financing component as interest income, reported as other income and expense in the Consolidated Statements of Operations.

Per-unit or per-subscriber royalty licenses

The Company recognizes revenue from per-unit or per-subscriber royalty licenses in the period in which the licensee's sales or production are estimated to have occurred, which results in an adjustment to revenue when actual sales or production are subsequently reported by the licensee, which is generally in the month or quarter following usage or shipment. The Company generally recognizes revenue from royalty licenses on a per-subscriber per-month model for licenses with service providers and a per-unit shipped or manufactured model for licenses with CE manufacturers and memory, sensors, RF component, and foundry companies.

Compliance Audits

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

Arrangements with Multiple System Operators for the TiVo Service

The Company's arrangements with multiple system operators (“MSOs”) typically include software customization and set-up services, associated maintenance and support, limited training, post-contract support, TiVo-enabled DVRs, non-DVR Set-Top Boxes (“STBs”), and the TiVo service.

The Company has two types of arrangements with MSOs that include technology deployment and engineering services. In instances where the Company hosts the TiVo service, non-refundable payments received for customization and set-up services are deferred and recognized as revenue ratably over the hosting term. The related cost of such services is capitalized to the extent it is deemed recoverable and amortized to cost of revenue over the same period as the related TiVo service revenue is recognized. The Company estimates the stand-alone selling prices for training, DVRs, non-DVR STBs and maintenance and support based on the price charged in stand-alone sales of the promised good or service. The stand-alone selling price for the TiVo service is determined by considering the size of the MSO and expected volume of deployment, market conditions, competitive landscape, internal costs and total gross margin objectives. For a term license to the TiVo service, the Company receives license fees for the hosted TiVo service on either a per-subscriber per-month basis or a fixed fee. The Company recognizes revenue from per-subscriber per-month licenses during the month the TiVo service is provided to the customer and recognizes revenue from fixed fee licenses ratably over the license period.

In arrangements where the Company does not host the TiVo service, which includes engineering services that are essential to the functionality of the licensed technology or involve significant customization or modification of the software, the Company recognizes revenue as progress toward completion is made using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Project costs are primarily labor related to specific activities required for the project. Costs related to general infrastructure or uncommitted platform development are not included in the project cost estimates and are expensed as incurred. Estimating project costs requires forecasting costs, tracking progress toward completion and projecting the remaining effort to complete the project. These estimates are reassessed throughout the term of the arrangement, and revisions to estimates are recognized on a cumulative catch-up basis when the changed conditions become known. Provisions for losses are recorded when estimates indicate it is probable that a loss will be incurred for the contract. The Company generally recognizes revenue from license fees for the TiVo service that the Company does not host on a per-subscriber per-month basis due to the recognition constraint on intellectual property usage-based royalties.

Subscription Services

Subscription services revenue primarily consists of fees to provide customers with access to one or more of the Company's hosted products such as its iGuide interactive program guide (“IPG”), advanced search and recommendations, metadata and analytics products, including routine customer support. The Company generally receives per-subscriber per-month fees for its

iGuide IPG and search and recommendations service and revenue is recorded in the month the customer uses the service. The Company generally receives a monthly or quarterly fee from its metadata or analytics licenses for the right to use the metadata or access its analytics platform and to receive regular updates. Revenue from the Company's metadata and analytics service is recognized ratably over the subscription period.

TiVo-enabled DVRs and non-DVRs, including TiVo Stream 4K, and related TiVo Service

The Company sells TiVo-enabled DVRs and non-DVRs and the related service directly to customers through sales programs via the TiVo.com website and licenses the sale of TiVo-enabled DVRs and non-DVRs through a limited number of retailers. All customers have the right to cancel their subscription to the TiVo service within 30 days of subscription activation for a full refund. After the initial subscription period for a DVR, all customers have various pricing options when they renew their subscription.

The transaction price allocated to the DVR and non-DVR is recognized as revenue upon shipment to the customer and the transaction price allocated to the TiVo service is recognized as revenue ratably over the service period. Subscription revenue from lifetime subscriptions are recognized ratably over the estimated useful life of the DVR or non-DVR associated with the subscription. The estimated useful life for a DVR and non-DVR depends on a number of assumptions, including, but not limited to, customer retention rates, the timing of new product introductions and historical experience. The Company periodically reassesses the estimated useful life of DVRs and non-DVRs. When the actual useful life of a DVR or a non-DVR materially differs from the Company's estimate, the estimated useful life of the DVR or non-DVR is adjusted, which could result in the recognition of revenue over a longer or shorter period of time.

Significant Judgments

Determining whether promises to transfer multiple goods and services in contracts with customers are considered distinct performance obligations that should be accounted for separately requires significant judgment, including related to the level of integration and interdependency between the performance obligations. In addition, judgment is necessary to allocate the transaction price to the distinct performance obligations, including whether there is a discount or significant financing component to be allocated based on the relative stand-alone selling price of the various performance obligations.

Significant judgment is required to determine the stand-alone selling price for each distinct performance obligation when an observable price is not available. In instances where stand-alone selling price is not directly observable, such as when the Company does not sell the good or service separately, the stand-alone selling price is determined using a range of inputs that includes market conditions and other observable inputs. More than one stand-alone selling price may exist for individual goods and services due to the stratification of those goods and services, considering attributes such as the size of the customer and geographic region.

Due to the nature of the work required to be performed on some performance obligations, significant judgment may be required to determine the transaction price. It is common for the Company's license agreements to contain provisions that can either increase or decrease the transaction price. These variable amounts are generally estimated based on usage. In addition to estimating variable consideration, significant judgment is necessary to identify forms of variable consideration, determine whether the variable consideration relates to a sales-based or usage-based royalty of intellectual property and determine whether, and when to include estimates of variable consideration in the transaction price.

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

Some hardware products are sold with a right of return and, in certain circumstances, credits or incentives may be provided to customers or resellers at the time of sale. Such credits and incentives are accounted for as variable consideration and recognized as a reduction to revenue. Estimates of returns, credits and incentives are made at contract inception and updated each reporting period.

In contracts where the Company does not host the TiVo service and that include engineering services that are essential to the functionality of the licensed technology or involve significant customization or modification of software, or where the Company provides non-recurring engineering (“NRE”) services, the Company recognizes revenue as progress toward completion occurs using an input method based on the ratio of costs incurred to date to total estimated costs of the project. Significant judgment is required to estimate the remaining effort to complete the project. These estimates are reassessed throughout the term of the arrangement.

Management evaluates its estimates, inputs and assumptions related to revenue recognition on an ongoing basis. The use of different estimates, inputs or assumptions may materially affect the reported amounts of assets and liabilities as of the date of the financial statements and the results of operations for the reporting period.

Practical Expedients and Exemptions

The Company applies a practical expedient to not perform an evaluation of whether a contract includes a significant financing component when the timing of revenue recognition differs from the timing of cash collection by one year or less.

The Company applies a practical expedient to expense costs to obtain a contract with a customer as incurred as a component of selling, general and administrative expenses when the amortization period would have been one year or less.

The Company applies a practical expedient when disclosing revenue expected to be recognized from unsatisfied performance obligations to exclude contracts with customers with an original duration of less than one year; contracts for which revenue is recognized based on the amount which the Company has the right to invoice for services performed and amounts attributable to variable consideration arising from (i) a sales-based or usage-based royalty of an intellectual property license or (ii) when variable consideration is allocated entirely to a wholly unsatisfied performance obligation; or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation.

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

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 publicly traded companies. The Company classifies all investments as current as the securities are available for use, if needed, for current operations.

Marketable Debt Securities

The Company classifies its debt securities as available-for-sale (“AFS”), which are accounted for at fair value. For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more-likely-than-not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in accumulated other comprehensive income or loss on the Consolidated Balance Sheets.

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.

Non-Marketable Equity Investments

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. 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 amortized 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, 2020, the Company had two customers representing 17% and 11% of aggregate trade receivables, respectively. At December 31, 2019, the Company had three customers representing 17%, 14% 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,
	2020			2019			2018
Comcast Corporation		27	%	*			*
SK hynix Inc.	*				17	%		12	%
Intel Corporation	*				11	%	*
Samsung Electronics, Co. Ltd.	*			*				38	%

*	denotes less than 10% of total revenue.

The Company’s TiVo service is enabled using a DVR manufactured by a third-party. The Company also outsources to third parties certain supply-chain activities related to inventory warehousing, order fulfillment, distribution and other direct sales logistics. The Company cannot be sure that these parties will perform their obligations as expected or that any revenue, cost savings or other benefits will be derived from the efforts of these parties. If any of these parties breaches or terminates their agreement with the Company or otherwise fails to perform their obligations in a timely manner, the Company may be delayed or prevented from commercializing its products and services.

Allowance for Credit Losses

The allowance for credit losses, which includes the allowance for accounts receivable and unbilled contracts receivable, represents the Company’s best estimate of lifetime expected credit losses inherent in those financial assets. The Company’s lifetime expected credit losses are determined using relevant information about past events (including historical experience), current conditions, and reasonable and supportable forecasts that affect collectability. The Company monitors its credit exposure through ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. In addition, the Company performs routine credit management activities such as timely account reconciliations, dispute resolution, and payment confirmations. The Company may employ collection agencies and legal counsel to pursue recovery of defaulted receivables. See “Note 4 – Revenue” for a further discussion of the allowance for credit losses.

Inventory

Inventories consist primarily of finished DVRs, non-DVRs, including TiVo Stream 4K, and accessories and are stated at the lower of cost or net realizable value on an aggregate basis. Cost is computed using standard cost, which approximates actual cost on a first-in, first-out basis. Adjustments to reduce the carrying amount of inventory to the lower of cost or net realizable value are made, if required, for excess or obsolete goods, which includes a review of, among other factors, demand requirements and market conditions.

Business Combinations

The Company accounts for business combinations using the acquisition method of accounting in accordance with ASC 805, “Business Combinations.” Identifiable assets acquired and liabilities assumed are recorded at their acquisition date fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Acquisition related costs are expensed as incurred. Upon acquisition, the accounts and results of operations are consolidated as of and subsequent to the acquisition date.

When determining the fair values of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets. The Company utilizes commonly accepted valuation techniques, such as the income approach and the cost approach, as appropriate, in establishing the fair value of intangible assets. Typically, key assumptions include projections of cash flows that arise from identifiable intangible assets of acquired businesses as well as discount rates based on an analysis of the weighted average cost of capital, adjusted for specific risks associated with the assets. See “Note 9 – Business Combination” for additional detail.

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 fair value using an income approach is estimated through the discounted cash flow method based on assumptions about future conditions such as revenue growth rates, operating expenses, EBITDA, discount rates, and other assumptions. Market approaches used by management include the market comparable method, which estimates the fair value based on revenue multiples from comparable companies in similar lines of business, and the market transaction method, which estimates the fair value of the reporting unit by utilizing comparable transactions and transaction multiples. 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 TiVo tradenames and trademarks 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 10 – Goodwill and Identified Intangible Assets.”

Debt Discount and Issuance Costs

Debt discount and issuance costs are presented in the consolidated balance sheet as a deduction from the carrying amount of both the short-term debt and 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 discount and issuance costs when it voluntarily 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.”

Research, Development and Other Related Costs

Research, development (“R&D”) and other related costs are comprised primarily of employee-related costs, stock-based compensation expense, 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, equipment depreciation and an allocation of facilities costs. All research, development and other related costs are expensed as incurred.

Stock-based Compensation Expense

Stock-based compensation is measured at the grant date based on the estimated fair value of the award and is recognized as expense on a straight-line basis, net of estimated forfeitures, over the requisite service or performance period. Forfeiture rates are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. 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 uses the closing trading price of its common stock on the date of grant as the fair value of awards of restricted stock units (“RSUs”), and performance stock units (“PSUs”) that are based on company-designated performance targets. For performance stock units that are based on market conditions, or market-based PSUs, fair value is estimated by using a Monte Carlo simulation on the date of grant. The Company estimates the grant-date fair value of stock options and stock to be issued under the employee stock purchase plan (“ESPP”) using the Black-Scholes pricing model. See “Note 14 – Stock-based Compensation Expense” for additional detail.

Performance-based 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 the Company’s 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. 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. For market-based PSUs, the fair value per award is fixed at the grant date and the amount of compensation expense is not adjusted during the performance period regardless of changes in the level of achievement of the market condition unless it is due to termination.

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 15 – Income Taxes” for additional detail.

Advertising Costs

Advertising costs are expensed as incurred and are presented within selling, general and administrative expense in the Consolidated Statements of Operations. Advertising expenses for the years ended December 31, 2020, 2019 and 2018, were $11.4 million, $5.0 million and $5.0 million, respectively.

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 maintains a directors’ and officers’ liability insurance policy that is intended to reduce its financial exposure and may enable the Company to recover any payments, should they occur.

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 16 – 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 Transactions

Foreign Currency Translation

The Company predominantly uses the U.S. dollar as its functional currency. Certain non-U.S. subsidiaries designate a local currency as their functional currency. The translation of assets and liabilities into U.S. dollars for subsidiaries with a functional currency other than the U.S. dollar is performed using exchange rates in effect at the balance sheet date. The translation of revenues and expenses into U.S. dollars for subsidiaries with a functional currency other than the U.S. dollar is performed using the average exchange rate for the respective period. Gains or losses from cumulative translation adjustments, net of tax, are included as a component of accumulated other comprehensive income (loss) in the Consolidated Balance Sheets. The Company records net foreign exchange transaction gains and losses resulting from the conversion of the transaction currency to the functional currency within other income and expense, net.

Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Recent Accounting Pronouncements

Income Taxes - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current:
U.S. federal	$ 15,175	$ 68,772	$ 290
Foreign	1,523	(42,147)	22,668
State and local	10,124	94	10
Total current	26,822	26,719	22,968
Deferred:
U.S. federal	(28,154)	(41,826)	(10,766)
Foreign	(1,132)	(4,145)	(3,191)
State and local	(5,423)	228	(338)
Total deferred	(34,709)	(45,743)	(14,295)
Provision for (benefit from) income taxes	$ (7,887)	$ (19,024)	$ 8,673

Revenue - Schedule of Remaining Performance Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 500,854	$ 6,672
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 152,008	$ 5,337
Performance obligations expected to be satisfied, expected timing	1 year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 102,764	$ 990
Performance obligations expected to be satisfied, expected timing	1 year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 91,636	$ 345
Performance obligations expected to be satisfied, expected timing	1 year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 77,989
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 76,028
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 429
Performance obligations expected to be satisfied, expected timing	1 year

Subsequent Events

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

NOTE 19 – SUBSEQUENT EVENTS

Declaration of a Cash Dividend

On February 3, 2021, the Board declared a cash dividend of $0.05 per share of common stock, payable on March 30, 2021, for the stockholders of record at the close of business on March 16, 2021.

Shareholders' Equity - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of Shares Subject to Options
Number of Shares, Beginning balance (shares)	605	678	1,172
Number of Shares, Options assumed (shares)	175
Number of Shares, Options exercised (shares)	(7)	(42)	(427)
Number of Shares, Options canceled / forfeited / expired (shares)	(136)	(31)	(67)
Number of Shares, Ending balance (shares)	637	605	678
Vested and expected to vest, number of shares subject to options	636
Exercisable, number of shares subject to options	620
Weighted Average Exercise Price Per Share
Weighted Average Exercise Price Per Share, Beginning balance (USD per share)	$ 26.68	$ 26.39	$ 24.06
Weighted Average Exercise Price Per Share, Options assumed (USD per share)	50.96
Weighted Average Exercise Price Per Share, Options exercised (USD per share)	13.47	16.66	18.75
Weighted Average Exercise Price Per Share, Options canceled / forfeited / expired (USD per share)	44.59	33.61	34.43
Weighted Average Exercise Price Per Share, Ending balance (USD per share)	$ 29.59	$ 26.68	$ 26.39
Weighted Average Remaining Contractual Life and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Life (in years)	2 years 8 months 1 day
Vested and expected to vest, weighted average remaining contractual life (in years)	2 years 7 months 28 days
Exercisable, weighted average remaining contractual life (in years)	2 years 6 months 21 days
Aggregate Intrinsic Value	$ 458
Vested and expected to vest, aggregate intrinsic value	458
Exercisable, aggregate intrinsic value	$ 458

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income (loss)	$ 143,796	$ (64,033)	$ (1,763)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation of property and equipment	17,918	6,721	6,676
Amortization of intangible assets	156,826	99,946	108,450
Stock-based compensation expense	39,135	31,554	31,011
Deferred income tax	(34,670)	(38,611)	(15,578)
Loss on debt extinguishment	8,300	0	0
Other	19,500	2,654	5,322
Changes in operating assets and liabilities, net of business acquisitions:
Accounts receivable	7,091	6,191	(14,381)
Unbilled contracts receivable, net	76,262	130,359	25,503
Other assets	(41,948)	3,675	(950)
Accounts payable	(4,863)	1,886	(1,469)
Accrued and other liabilities	21,692	(8,679)	(8,915)
Deferred revenue	18,564	(2,410)	1,227
Net cash from operating activities	427,603	169,253	135,133
Cash flows from investing activities:
Purchases of property and equipment	(7,379)	(8,813)	(3,338)
Proceeds from sale of property and equipment		55
Net cash received (paid) for mergers and acquisitions	117,424	0	(500)
Purchases of short-term investments	(77,178)	(40,008)	(20,095)
Proceeds from sales of short-term investments	11,225	6,833	8,540
Proceeds from maturities of short-term investments	24,683	27,290	30,925
Purchases of intangible assets	(50,935)	(4,500)	(4,100)
Net cash from investing activities	17,840	(19,143)	11,432
Cash flows from financing activities:
Repayment of debt	(520,250)	(150,000)	(100,000)
Repayment of assumed debt from merger transaction	(734,609)	0	0
Proceeds from debt, net	1,010,286
Contingent consideration payments after acquisition	0	(1,200)	(419)
Dividend paid	(30,829)	(39,502)	(39,187)
Proceeds from exercise of stock options	91	695	8,008
Proceeds from employee stock purchase program	4,764	5,329	5,196
Repurchases of common stock	(80,589)	(4,506)	(44,798)
Net cash from financing activities	(351,136)	(189,184)	(171,200)
Effect of exchange rate changes on cash and cash equivalents	1,330
Net increase (decrease) in cash and cash equivalents	95,637	(39,074)	(24,635)
Cash and cash equivalents at beginning of period	74,551	113,625	138,260
Cash and cash equivalents at end of period	170,188	74,551	113,625
Supplemental disclosure of cash flow information:
Interest paid	31,240	20,891	23,134
Income taxes paid, net of refunds	43,066	15,001	23,679
Stock issued in merger transaction	$ 828,334	$ 0	$ 0

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

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, 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
Options granted		—		$	—
Options assumed		175		$	50.96
Options exercised		(7	)	$	13.47
Options canceled / forfeited / expired		(136	)	$	44.59
Balance at December 31, 2020		637		$	29.59		2.67	$	458
Vested and expected to vest at December 31, 2020		636					2.66	$	458
Exercisable at December 31, 2020		620					2.56	$	458

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, 2020:

	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		113		2.63	$	18.06		113	$	18.06
$19.34 - $19.73		79		2.56	$	19.53		79	$	19.53
$20.21 - $21.30		82		2.84	$	20.68		82	$	20.67
$22.19 - $22.24		15		3.30	$	22.19		15	$	22.19
$22.45 - $22.45		70		6.79	$	22.45		53	$	22.45
$22.52 - $38.65		96		3.83	$	32.48		96	$	32.48
$43.54 - $43.63		6		0.57	$	43.56		6	$	43.56
$43.77 - $43.77		108		0.13	$	43.77		108	$	43.77
$45.90 - $54.60		45		0.73	$	51.35		45	$	51.35
$54.69 - $54.69		23		1.16	$	54.69		23	$	54.69
$12.52 - $54.69		637		2.67	$	29.59		620	$	29.80

Summary of Restricted Stock Awards and Units

Information with respect to outstanding restricted stock awards and units as of December 31, 2020 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, 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
Awards and units granted		3,331			994			4,325		$	14.64
Awards and units assumed		2,185			253			2,438		$	13.99
Awards converted		11			(11	)		—		$	22.45
Awards and units vested / earned		(1,676	)		(487	)		(2,163	)	$	21.12
Awards and units canceled / forfeited		(560	)		(242	)		(802	)	$	19.96
Balance at December 31, 2020		5,662			1,061			6,723		$	16.63

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Total unrecognized tax benefits at January 1	$ 87,294	$ 33,552	$ 33,506
Increases due to the Mergers	103,443		0
Increases for tax positions related to the current year	46,978	54,823	586
Increases for tax positions related to prior years	2,541	178	0
Decreases for tax positions related to prior years	(7,100)	(1,259)	(540)
Total unrecognized tax benefits at December 31	$ 233,156	$ 87,294	$ 33,552

Composition Of Certain Financial Statement Captions (Tables)

12 Months Ended

Dec. 31, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Other Current Assets

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

	December 31,
	2020		2019
Prepaid income taxes	$	4,654	$	2,364
Prepaid expenses		20,393		8,802
Inventory		9,819		100
Other		5,897		2,469
	$	40,763	$	13,735

Schedule of Property and Equipment, Net

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

	December 31,
	2020			2019
Equipment, furniture and other	$	61,573		$	32,504
Building and improvements		18,309			18,258
Land		5,300			5,300
Leasehold improvements		25,776			8,103
		110,958			64,165
Less: Accumulated depreciation and amortization		(47,751	)		(31,288	)
	$	63,207		$	32,877

Schedule of Other Long Term Assets

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

	December 31,
	2020		2019
Long-term deferred tax assets	$	7,042	$	3,660
Non-current income tax receivable (1)		122,993		64,570
Other assets		23,235		3,106
	$	153,270	$	71,336

(1)

See “Note 15 - 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,
	2020		2019
Employee compensation and benefits	$	55,449	$	18,404
Third-party royalties		5,906		6,165
Accrued expenses		24,809		7,930
Accrued severance		5,332		—
Current portion of operating lease liabilities		17,893		5,845
Other		19,646		3,089
	$	129,035	$	41,433

Schedule of Other Long-Term Liabilities

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

	December 31,
	2020		2019
Long-term income tax payable	$	94,397	$	76,767
Other		4,556		131
	$	98,953	$	76,898

Schedule of Accumulated Other Comprehensive Income (Loss)

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

	December 31,
	2020			2019
Unrealized gain (loss) on available-for-sale debt securities, net of tax	$	(81	)	$	(53	)
Foreign currency translation adjustment, net of tax		1,345			—
	$	1,264		$	(53	)

Schedule of Other Income and Expense, Net

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

	Years Ended December 31,
	2020			2019		2018
Interest income from significant financing components	$	2,702		$	5,762	$	7,672
Interest income from investments		1,338			2,359		1,074
Realized and unrealized gain (loss) on marketable equity securities		(707	)		10		(2,217	)
Other income		1,122			897		2,066
	$	4,455		$	9,028	$	8,595

Income Taxes - Components of Income (loss) Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S.	$ 140,428	$ (53,346)	$ 16,684
Foreign	(4,519)	(29,711)	(9,774)
Total income (loss) before taxes from continuing operations	$ 135,909	$ (83,057)	$ 6,910

Goodwill and Identified Intangible Assets - Summary of Changes to Carrying Value of Goodwill (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 847,029	$ 385,784	$ 385,784
Product Licensing Segment
Goodwill [Line Items]
Goodwill	523,800
IP Licensing Segment
Goodwill [Line Items]
Goodwill	323,200
TiVo Merger
Goodwill [Line Items]
Goodwill before measurement period adjustment	461,100
Goodwill	$ 461,245

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020			2019			2018
U.S.	$	140,428		$	(53,346	)	$	16,684
Foreign		(4,519	)		(29,711	)		(9,774	)
Total income (loss) before taxes from continuing operations	$	135,909		$	(83,057	)	$	6,910

Components of Provision for Income Taxes

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

	Years Ended December 31,
	2020			2019			2018
Current:
U.S. federal	$	15,175		$	68,772		$	290
Foreign		1,523			(42,147	)		22,668
State and local		10,124			94			10
Total current		26,822			26,719			22,968
Deferred:
U.S. federal		(28,154	)		(41,826	)		(10,766	)
Foreign		(1,132	)		(4,145	)		(3,191	)
State and local		(5,423	)		228			(338	)
Total deferred		(34,709	)		(45,743	)		(14,295	)
Provision for (benefit from) income taxes	$	(7,887	)	$	(19,024	)	$	8,673

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,
	2020			2019
Deferred tax assets
Net operating losses	$	144,064		$	10,142
Research tax credits		82,378			13,475
Foreign tax credits		106,795			—
Expenses not currently deductible		44,232			14,276
Basis difference in fixed and intangible assets		7,206			3,593
Deferred revenue		20,828			—
Capitalized research expenses		61,296			23,785
Lease liability		17,995			364
Gross deferred tax assets		484,794			65,635
Valuation allowance		(287,895	)		(37,243	)
Net deferred tax assets		196,899			28,392
Deferred tax liabilities
Revenue recognition		(7,733	)		(32,466	)
Operating leases		(17,535	)		(2,665	)
Acquired intangible assets, domestic		(185,662	)		(17,165	)
Acquired intangible assets, foreign		(33	)		(2,171	)
Other		(3,004	)		—
Net deferred tax liabilities	$	(17,068	)	$	(26,075	)

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,
	2020			2019			2018
U.S. federal statutory rate	$	28,541		$	(17,442	)	$	1,451
State, net of federal benefit		(1,530	)		281			59
Stock-based compensation expense		2,471			2,807			3,883
Executive compensation limitation		2,132			411			1,538
Research tax credit		(1,576	)		(2,038	)		248
Foreign withholding tax		9,391			10,328			33,063
Transaction costs		8,216			974			—
Foreign tax rate differential		921			1,907			474
Foreign tax credit		(2,647	)		(7,795	)		(33,554	)
Change in valuation allowance		(47,649	)		(8,238	)		7,721
U.S. tax reform		(1,845	)		(2,970	)		(6,333	)
Unrecognized tax benefits		3,049			2,994			300
Change in estimates		(1,355	)		(1,300	)		(10	)
Foreign exchange		(7,438	)		—			—
Others		1,432			1,057			(167	)
Total	$	(7,887	)	$	(19,024	)	$	8,673

Reconciliation of Unrecognized Tax Benefits

The reconciliation of the Company’s unrecognized tax benefits for the years ended December 31, 2020, 2019 and 2018 is as follows (in thousands):

	Years Ended December 31,
	2020			2019			2018
Total unrecognized tax benefits at January 1	$	87,294		$	33,552		$	33,506
Increases due to the Mergers		103,443			—			—
Increases for tax positions related to the current year		46,978			54,823			586
Increases for tax positions related to prior years		2,541			178			—
Decreases for tax positions related to prior years		(7,100	)		(1,259	)		(540	)
Total unrecognized tax benefits at December 31	$	233,156		$	87,294		$	33,552

Business Combination - Additional Information (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Jun. 01, 2020 USD ($) $ / shares	Dec. 31, 2020 USD ($) $ / shares	Dec. 31, 2019 USD ($) $ / shares	Dec. 31, 2018 USD ($)	Jun. 02, 2020 $ / shares
Business Acquisition [Line Items]
Common stock, par value \| $ / shares		$ 0.001	$ 0.001		$ 0.001
Total revenue		$ 892,020	$ 280,067	$ 406,133
Operating income		177,627	$ (68,708)	$ 23,980
Post-merger severance cost		$ 14,300
Xperi
Business Acquisition [Line Items]
Common stock, conversion ratio	1
TiVo
Business Acquisition [Line Items]
Common stock, conversion ratio	0.455
TiVo Merger
Business Acquisition [Line Items]
Merger effective date		Jun. 01, 2020
Merger agreement date		Dec. 18, 2019
Merger agreement amended date		Jan. 31, 2020
Common stock, par value \| $ / shares	$ 0.001
Common stock, conversion ratio	1
Merger consideration	$ 828,334
Unvested equity incentive awards assumed, fair value	34,100
Unvested equity incentive awards assumed, pre-acquisition services	12,100
Unvested equity incentive awards assumed, post-acquisition services	$ 22,000
Estimated weighted average remaining service period	2 years 6 months
Goodwill expected to be deductible for tax purposes	$ 14,100
Total revenue		$ 593,600
Operating income		263,800
Transaction related costs		29,400
Lease impairment charges		2,400
Post-merger severance cost		$ 14,300
TiVo Merger \| 2019 Term Loan
Business Acquisition [Line Items]
Percentage of prepayment premium		3.00%
Percentage of prepayment penalty		3.00%
TiVo Merger \| Xperi
Business Acquisition [Line Items]
Common stock, par value \| $ / shares	$ 0.001
TiVo Merger \| TiVo
Business Acquisition [Line Items]
Common stock, par value \| $ / shares	$ 0.001
Common stock, conversion ratio	0.455

Shareholders' Equity - Additional Information (Details)		12 Months Ended
Shareholders' Equity - Additional Information (Details)	Jun. 01, 2020 shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares	Jun. 12, 2020 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock conversion terms		Upon completion of the Mergers, each share of common stock of Xperi was converted into the right to receive one fully paid and non-assessable share of Company Common Stock. Further upon completion of the Mergers, each share of TiVo Common Stock was converted into the right to receive 0.455 fully paid and non-assessable shares of the Company Common Stock (the “Exchange Ratio”), in addition to cash in lieu of any fractional shares of the Company Common Stock.
Dividends declared, per share \| $ / shares		$ 0.50	$ 0.80	$ 0.80
Stock repurchase program, authorized amount \| $					$ 150,000,000.0
Treasury stock, total repurchase during period (in shares)		4,900,000
Treasury stock, average price of share repurchased (in dollars per share) \| $ / shares		$ 14.25
Treasury stock, total cost of repurchased stock \| $		$ 70,100,000
Stock repurchase program, remaining amount available for repurchase \| $		$ 79,900,000
Tax withholding on restricted stock units (in shares)		700,000	200,000	200,000
Tax withholding on restricted stock units \| $		$ 10,500,000	$ 4,500,000	$ 3,400,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for grant (in shares)		2,000,000.0
Expiration period		24 months
Maximum employee subscription rate		100.00%
Purchase price of common stock, percent		85.00%
Maximum employee subscription amount \| $		$ 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		200.00%
Xperi Corporation Seventh Amended and Restated 2003 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for grant (in shares)	0
2020 EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
Vesting period		4 years
Share based compensation full value awards counted against shares available for issuance ratio		1.5
Number of shares reserved for issuance		8,000,000
2020 EIP \| Time-based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
2020 EIP \| Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for grant (in shares)		3,100,000
Assumed Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for grant (in shares)		7,600,000
Expiration period	7 years
Vesting period	4 years
Assumed Plans \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Xperi
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, conversion ratio	1
TiVo
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, conversion ratio	0.455

Composition Of Certain Financial Statement Captions - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Unrealized gain (loss) on available-for-sale debt securities, net of tax	$ (81)	$ (53)
Foreign currency translation adjustment, net of tax	1,345
Accumulated other comprehensive income (loss)	$ 1,264	$ (53)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Shareholders' Equity - Summary of Stock Options Outstanding and Exercisable (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2020 $ / 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	113
Weighted Average Remaining Contractual Life (in years)	2 years 7 months 17 days
Weighted Average Exercise Price per Share	$ 18.06
Number Exercisable (in thousands) \| shares	113
Weighted Average Exercise Price per Share	$ 18.06
$19.34 - $19.73
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	$ 19.73
Number Outstanding (in thousands) \| shares	79
Weighted Average Remaining Contractual Life (in years)	2 years 6 months 21 days
Weighted Average Exercise Price per Share	$ 19.53
Number Exercisable (in thousands) \| shares	79
Weighted Average Exercise Price per Share	$ 19.53
$20.21 - $21.30
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	20.21
Range of Exercise Prices, Upper End	$ 21.30
Number Outstanding (in thousands) \| shares	82
Weighted Average Remaining Contractual Life (in years)	2 years 10 months 2 days
Weighted Average Exercise Price per Share	$ 20.68
Number Exercisable (in thousands) \| shares	82
Weighted Average Exercise Price per Share	$ 20.67
$22.19 - $22.24
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	22.19
Range of Exercise Prices, Upper End	$ 22.24
Number Outstanding (in thousands) \| shares	15
Weighted Average Remaining Contractual Life (in years)	3 years 3 months 18 days
Weighted Average Exercise Price per Share	$ 22.19
Number Exercisable (in thousands) \| shares	15
Weighted Average Exercise Price per Share	$ 22.19
$22.45 - $22.45
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	22.45
Range of Exercise Prices, Upper End	$ 22.45
Number Outstanding (in thousands) \| shares	70
Weighted Average Remaining Contractual Life (in years)	6 years 9 months 14 days
Weighted Average Exercise Price per Share	$ 22.45
Number Exercisable (in thousands) \| shares	53
Weighted Average Exercise Price per Share	$ 22.45
$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	96
Weighted Average Remaining Contractual Life (in years)	3 years 9 months 29 days
Weighted Average Exercise Price per Share	$ 32.48
Number Exercisable (in thousands) \| shares	96
Weighted Average Exercise Price per Share	$ 32.48
$43.54 - $43.63
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	43.54
Range of Exercise Prices, Upper End	$ 43.63
Number Outstanding (in thousands) \| shares	6
Weighted Average Remaining Contractual Life (in years)	6 months 25 days
Weighted Average Exercise Price per Share	$ 43.56
Number Exercisable (in thousands) \| shares	6
Weighted Average Exercise Price per Share	$ 43.56
$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	108
Weighted Average Remaining Contractual Life (in years)	1 month 17 days
Weighted Average Exercise Price per Share	$ 43.77
Number Exercisable (in thousands) \| shares	108
Weighted Average Exercise Price per Share	$ 43.77
$45.90 - $54.60
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	45.90
Range of Exercise Prices, Upper End	$ 54.60
Number Outstanding (in thousands) \| shares	45
Weighted Average Remaining Contractual Life (in years)	8 months 23 days
Weighted Average Exercise Price per Share	$ 51.35
Number Exercisable (in thousands) \| shares	45
Weighted Average Exercise Price per Share	$ 51.35
$54.69 - $54.69
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Low End	54.69
Range of Exercise Prices, Upper End	$ 54.69
Number Outstanding (in thousands) \| shares	23
Weighted Average Remaining Contractual Life (in years)	1 year 1 month 28 days
Weighted Average Exercise Price per Share	$ 54.69
Number Exercisable (in thousands) \| shares	23
Weighted Average Exercise Price per Share	$ 54.69
$12.52 - $54.69
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	$ 54.69
Number Outstanding (in thousands) \| shares	637
Weighted Average Remaining Contractual Life (in years)	2 years 8 months 1 day
Weighted Average Exercise Price per Share	$ 29.59
Number Exercisable (in thousands) \| shares	620
Weighted Average Exercise Price per Share	$ 29.80

Business Combination (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Merger Consideration

The merger consideration of $828.3 million was calculated as follows (amounts in thousands except exchange ratio and share price):

TiVo common shares outstanding as of June 1, 2020		128,132
TiVo exchange ratio		0.455
Xperi Holding Corporation common stock issued in exchange		58,300
Xperi Common Stock closing share price on June 1, 2020	$	14.00
			$	816,201
Fair value of replaced TiVo equity awards relating to pre-acquisition vesting of the equity award holders’ requisite service periods				12,133
Total merger consideration			$	828,334

Schedule of Estimated Fair Value that Allocated to Assets and Liabilities

The table below presents the estimated fair value that was allocated to TiVo’s assets and liabilities based upon fair values as determined by the Company ($ in thousands):

	Estimated Useful Life (years)		Preliminary Fair Value (1)			Measurement Period Adjustments (2)			Adjusted Fair Value
Cash and cash equivalents			$	117,424		$	—		$	117,424
Accounts receivable				105,778						105,778
Unbilled contracts receivable				69,058						69,058
Other current assets				21,690			233			21,923
Long-term unbilled contracts receivable				129						129
Property and equipment				41,307						41,307
Operating lease right-of-use assets				71,444						71,444
Identifiable intangible assets:
Patents	10	457,400
Customer contracts and related relationships	4-9	358,200
Developed technology	5	34,800
Content database	9	6,200
Trademarks and tradenames	N/A	21,400
Total identifiable intangible assets				878,000						878,000
Goodwill				461,129			116			461,245
Other long-term assets				43,700			(141	)		43,559
Accounts payable				(13,258	)					(13,258	)
Accrued legal fees				(5,619	)					(5,619	)
Accrued liabilities				(79,071	)		(530	)		(79,601	)
Current portion of deferred revenue				(29,291	)					(29,291	)
Current portion of long-term debt				(734,609	)					(734,609	)
Deferred revenue, less current portion				(24,319	)					(24,319	)
Long-term deferred tax liabilities				(27,949	)		421			(27,528	)
Long-term debt				(48	)					(48	)
Noncurrent operating lease liabilities				(59,291	)					(59,291	)
Other long-term liabilities				(7,870	)		(99	)		(7,969	)
Total purchase price			$	828,334		$	—		$	828,334

(1) As previously reported in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2020.

Schedule of Unaudited Pro Forma Financial Information

	Years Ended December 31,
	2020		2019
Revenue	$	1,142,603	$	941,005
Net income (loss) attributable to Xperi Holding Corporation	$	9,775	$	(562,153	)

Schedule of Unaudited Supplemental Pro Forma Information and Adjustments of Mergers

	Years Ended December 31,
	2020			2019
Estimated increase (decrease) to earnings due to revenue adjustments resulting from purchase accounting	$	(4,823	)	$	(7,191	)
Estimated increase (decrease) to earnings to adjust for transaction and other related costs, including facilities impairment charges, incurred in connection with the Mergers	$	34,569		$	(24,651	)
Estimated increase (decrease) to earnings to adjust for severance and retention costs, including related stock-based compensation expense, incurred in connection with the Mergers	$	15,865		$	(16,511	)
Estimated increase (decrease) to earnings to reflect payoff of historical debt and issuance of new debt financing in connection with the Mergers	$	23,121		$	(18,098	)
Estimated decrease to earnings due to pro forma adjustments for income taxes (1)(2)	$	(13,605	)	$	(21,519	)

(1)

(2)

Recent Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative net of tax adjustment	$ 1,451,119	$ 545,100		$ 618,147		$ 435,576
Operating lease, right-of-use asset	80,226	17,786	$ 17,600
Operating lease liability	$ 84,136	19,259	$ 18,800
Accounting Standards Update 2014-09
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle accounting standards update adoption date	Jan. 01, 2018
Change in accounting principle, accounting standards update, immaterial effect [true false]	false
Accounting Standards Update 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle accounting standards update adoption date	Jan. 01, 2019
Change in accounting principle, accounting standards update, immaterial effect [true false]	false
Accounting Standards Update 2016-13
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle accounting standards update adoption date	Jan. 01, 2020
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
Accounting Standards Update 2018-15
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle accounting standards update adoption date	Jan. 01, 2020
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
Retained Earnings
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative net of tax adjustment	$ 264,250	$ 148,317		$ 253,208		$ 68,556
Retained Earnings \| Accounting Standards Update 2014-09 \| Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative net of tax adjustment					$ 224,000

Composition Of Certain Financial Statement Captions - Schedule of Other Long Term Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Long-term deferred tax assets	$ 7,042	$ 3,660
Non-current income tax receivable	122,993	64,570
Other assets	23,235	3,106
Other long-term assets, total	$ 153,270	$ 71,336

Commitments and Contingencies - Schedule of Future Payments under Noncancelable Unconditional Purchase Obligations (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Commitments And Contingencies Disclosure [Abstract]
2021	$ 41,291
2022	25,654
2023	22,621
2024	10,698
2025	8,292
Thereafter	40,861
Total	$ 149,417

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

Revenue Recognition

Cash and Cash Equivalents

Short-term Investments

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 publicly traded companies. The Company classifies all investments as current as the securities are available for use, if needed, for current operations.

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.

Non-Marketable Equity Investments

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,
	2020			2019			2018
Comcast Corporation		27	%	*			*
SK hynix Inc.	*				17	%		12	%
Intel Corporation	*				11	%	*
Samsung Electronics, Co. Ltd.	*			*				38	%

*	denotes less than 10% of total revenue.

Allowance for Credit Losses

Inventory

Business Combinations

Goodwill and Identified Intangible Assets

For further discussion of goodwill and identified intangible assets, see “Note 10 – Goodwill and Identified Intangible Assets.”

Debt Discount and Issuance Costs

Treasury Stock

Leases

Research, Development and Other Related Costs

Stock-based Compensation Expense

Income Taxes

Advertising Costs

Indemnification

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 maintains a directors’ and officers’ liability insurance policy that is intended to reduce its financial exposure and may enable the Company to recover any payments, should they occur.

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

Goodwill and Identified Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Changes to Carrying Value of Goodwill

The changes to the carrying value of goodwill from January 1, 2019 through December 31, 2020 are reflected below (in thousands):

December 31, 2018	$	385,784
December 31, 2019	$	385,784
Goodwill acquired through the Mergers (1)		461,129
Purchase price adjustment related to the Mergers (2)		116
December 31, 2020 (3)	$	847,029

(3)

Of this amount, approximately $523.8 million is allocated to the Company’s Product reporting segment and approximately $323.2 million is allocated to its IP Licensing reporting segment.

Identified Intangible Assets

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

		December 31, 2020							December 31, 2019
	Average Life (Years)	Gross Assets		Accumulated Amortization			Net		Gross Assets		Accumulated Amortization			Net
Finite-lived intangible assets
Acquired patents / core technology (1)	3-15	$	659,085	$	(167,916	)	$	491,169	$	151,184	$	(135,952	)	$	15,232
Existing technology / content database (2) (3)	5-10		248,110		(169,326	)		78,784		206,878		(130,890	)		75,988
Customer contracts and related relationships (4)	3-9		650,171		(256,199	)		393,972		291,769		(174,741	)		117,028
Trademarks/trade name	4-10		40,083		(21,029	)		19,054		40,083		(16,056	)		24,027
Non-competition agreements	1		2,231		(2,231	)		—		2,231		(2,231	)		—
Total finite-lived intangible assets			1,599,680		(616,701	)		982,979		692,145		(459,870	)		232,275
Indefinite-lived intangible assets
TiVo Tradename/trademarks (5)	N/A		21,400		—			21,400		—		—			—
Total intangible assets		$	1,621,080	$	(616,701	)	$	1,004,379	$	692,145	$	(459,870	)	$	232,275

(1)

In June 2020, $457.4 million of patents was acquired through the Mergers. See “Note 9 – Business Combination.”

(2)

In June 2020, $34.8 million of existing (developed) technology was acquired through the Mergers. See “Note 9 – Business Combination.”

(3)

In June 2020, $6.2 million of content database was acquired through the Mergers. See “Note 9 – Business Combination.”

(4)

In June 2020, $358.2 million of customer contracts and related relationships was acquired through the Mergers. See “Note 9 – Business Combination.”

(5)

In June 2020, $21.4 million of TiVo tradename/trademarks was acquired through the Mergers. See “Note 9 – Business Combination.”

Estimated Future Amortization Expense

As of December 31, 2020, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands):

2021	$	202,453
2022		154,014
2023		143,134
2024		104,330
2025		79,862
Thereafter		299,186
	$	982,979

Financial Instruments - Additional Information (Details)			1 Months Ended		12 Months Ended
	Jul. 05, 2019 shares	Sep. 19, 2018 shares	Jun. 30, 2020 USD ($) shares	Jul. 31, 2019 USD ($)	Dec. 31, 2020 USD ($) Derivative	Dec. 31, 2019 USD ($) Derivative	Dec. 31, 2018 USD ($) Derivative shares
Schedule Of Investments [Line Items]
Cash, cash equivalents and short -term investments					$ 257,100,000	$ 121,500,000
Unrealized loss net of tax on marketable debt securities					100,000	100,000
Impairment charges related to marketable debt securities						$ 0	$ 0
Provision for credit loss expense related available for sale debt securities					$ 0
Derivative, number of instruments held \| Derivative					0	0	0
TiVo Merger \| Non-marketable Equity Securities
Schedule Of Investments [Line Items]
Equity securities accounted for under equity method					$ 4,200,000
Equity securities without a readily determinable fair value					100,000
Non-marketable equity securities, without a readily determinable fair value, impairments or adjustments					0	$ 0
Onkyo Corporation
Schedule Of Investments [Line Items]
Number of common shares purchased \| shares		7,000,000
Ownership interest, percentage		6.30%
Number of investment shares sold \| shares	2,800,000		4,200,000				0
Equity securities, realized gains or losses on sales			$ 700,000	$ 900,000
Operating Accounts
Schedule Of Investments [Line Items]
Cash, cash equivalents and short -term investments					$ 135,000,000.0	$ 72,000,000.0

Composition of Certain Financial Statement Captions - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Long-term income tax payable	$ 94,397	$ 76,767
Other	4,556	131
Other long-term liabilities, total	$ 98,953	$ 76,898

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020			2019			2018
Comcast Corporation		27	%	*			*
SK hynix Inc.	*				17	%		12	%
Intel Corporation	*				11	%	*
Samsung Electronics, Co. Ltd.	*			*				38	%

*	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

Commitments and Contingencies - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Line Items]
Obligation under other contractual arrangements	$ 3,500,000
Accrued liabilities	129,035,000	$ 41,433,000
Purchase commitments	149,417,000
Inventory
Commitments And Contingencies Disclosure [Line Items]
Accrued liabilities	500,000
Purchase commitments	4,200,000
Qualified Referred Subscribers
Commitments And Contingencies Disclosure [Line Items]
Each qualified referred subscribers fee maximum	5,000,000.0
Accrued liabilities	$ 2,600,000

Revenue

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenue

NOTE 4 – REVENUE

Revenue Recognition

General

Arrangements with Multiple Performance Obligations

Contract Modifications

Variable Consideration

Nature of Goods and Services

The following is a discussion of the principal activities from which the Company generates its revenue.

License Agreements

Fixed-fee Media IP licensing

Fixed-fee or minimum guarantee Semiconductor IP or Product licensing

Per-unit or per-subscriber royalty licenses

Compliance Audits

Arrangements with Multiple System Operators for the TiVo Service

Subscription Services

TiVo-enabled DVRs and non-DVRs, including TiVo Stream 4K, and related TiVo Service

Significant Judgments

Practical Expedients and Exemptions

Revenue Details

The following information depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors by disaggregating revenue by product category/end market and geographic location (presented in “Note 17 - Segment and Geographic Information”). This information includes revenue recognized from contracts with customers and revenue from other sources, including past royalty revenues.

Revenue disaggregated by product category/end market was as follows (in thousands):

	Years Ended December 31,
	2020		2019		2018
Consumer Experience	$	173,719	$	116,130	$	135,354
Pay-TV		131,920		—		—
Connected Car		70,462		81,994		82,995
Product revenue		376,101		198,124		218,349
IP Licensing revenue		515,919		81,943		187,784
Total revenue	$	892,020	$	280,067	$	406,133

Contract Balances

Contracts Assets

Contract assets primarily consist of unbilled contracts receivable that are expected to be received from customers in future periods, where the revenue recognized to date (or cumulative adjustments to retained earnings in the initial period of adopting Topic 606) exceeds the amount billed. The amount of unbilled contracts receivable may not exceed their net realizable value and are classified as long-term assets if the payments are expected to be received more than one year from the reporting date. Contract assets also include the incremental costs of obtaining a contract with a customer, principally sales commissions when the renewal commission is not commensurate with the initial commission, and deferred engineering costs for significant software customization or modification and set-up services to the extent deemed recoverable.

Contract assets were recorded in the Consolidated Balance Sheets as follows (in thousands):

	December 31, 2020		December 31, 2019
Unbilled contracts receivable	$	132,431	$	121,826
Other current assets		1,208		—
Long-term unbilled contracts receivable	$	6,761		26,672
Other long-term assets		2,591		—
Total contract assets	$	142,991	$	148,498

Contract Liabilities

Contract liabilities are mainly comprised of deferred revenue related to consumer lifetime subscriptions for the TiVo service, multi-period licensing or cloud-based services, and other offerings for which the Company is paid in advance while the promised good or service is transferred to the customer at a future date or over time. Deferred revenue also includes amounts received related to professional services to be performed in the future. Deferred revenue arises when cash payments are received, including amounts which are refundable, in advance of performance obligations being completed.

Allowance for Credit Losses

The Company’s long-term unbilled contracts receivable is derived from fixed-fee or minimum-guarantee Semiconductor IP or Product licensing arrangements, primarily with large well-capitalized companies. It is considered to be of high credit quality due to past collection history and the nature of the customers.

The following table presents the activity in the allowance for credit losses for the year ended December 31, 2020, 2019 and 2018 (in thousands):

	Years Ended December 31,
	2020							2019					2018
	Accounts Receivable				Unbilled Contracts Receivable			Accounts Receivable			Unbilled Contracts Receivable		Accounts Receivable			Unbilled Contracts Receivable
Beginning balance	$	566			$	—		$	779		$	—	$	1,181		$	—
Provision for credit losses		7,418		*		2,231	*		(74	)		—		417			—
Recoveries/charged-off		(648	)			—			(139	)		—		(819	)		—
Balance at end of period	$	7,336			$	2,231		$	566		$	—	$	779		$	—

Additional Disclosures

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

	Years Ended December 31,
	2020			2019		2018
Revenue recognized in the period from:
Amounts included in deferred revenue at the beginning of the period	$	720		$	3,130	$	2,347
Amounts included in deferred revenue acquired from the Mergers	$	20,271		$	—	$	—
Performance obligations satisfied in previous periods (true ups, licensee reporting adjustments and settlements) (1)	$	296,031	(2)	$	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 fixed-fee IP, software-as-a-service agreements and engineering services contracts.

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

	December 31,
	2020		2019
Revenue from contracts with performance obligations expected to be satisfied in:
2021	$	152,008	$	5,337
2022		102,764		990
2023		91,636		345
2024		77,989		—
2025		76,028		—
Thereafter		429		—
Total	$	500,854	$	6,672

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Schedule of Future Payments under Noncancelable Unconditional Purchase Obligations

2021	$	41,291
2022		25,654
2023		22,621
2024		10,698
2025		8,292
Thereafter		40,861
Total	$	149,417

Debt - Narrative (Details) - USD ($)				12 Months Ended
Debt - Narrative (Details) - USD ($)	Jun. 01, 2020	Jan. 23, 2018	Dec. 01, 2016	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Line Of Credit Facility [Line Items]
Repayment of assumed debt from merger transaction				$ 734,609,000	$ 0	$ 0
Unamortized debt discount and issuance costs				34,448,000	9,321,000
Voluntary prepayment against the term loan				520,250,000	150,000,000	100,000,000
Borrowings				839,350,000	334,679,000
Loss on debt extinguishment				8,300,000	0	0
Interest expense				37,873,000	23,377,000	25,665,000
TiVo Merger
Line Of Credit Facility [Line Items]
Debt assumed				48,000
2020 Term B Loan Facility
Line Of Credit Facility [Line Items]
Loan facility, term	5 years
Borrowing capacity	$ 1,050,000,000
Debt instrument, maturity date	Jun. 01, 2025
Repayment of assumed debt from merger transaction	$ 734,600,000
Unamortized debt discount and issuance costs	39,700,000
Voluntary prepayment against the term loan				150,000,000.0
Repayments of Long-term Debt	$ 344,000,000.0
Loss on debt extinguishment				8,300,000
2020 Term B Loan Facility \| Repayments Prior to June 1, 2023
Line Of Credit Facility [Line Items]
Interest rate on original principal amount	1.25%
2020 Term B Loan Facility \| Repayments After June 1, 2023 and Prior to June 1, 2025
Line Of Credit Facility [Line Items]
Interest rate on original principal amount	1.875%
2020 Term B Loan Facility \| Base Rate
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.00%
2020 Term B Loan Facility \| London Interbank Offered Rate (LIBOR)
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
2018 Amended Term B Loan
Line Of Credit Facility [Line Items]
Borrowing capacity		$ 494,000,000.0	$ 600,000,000.0
Debt instrument, maturity date			Nov. 30, 2023
Voluntary prepayment against the term loan		$ 100,000,000.0			150,000,000.0
Borrowings			$ 600,000,000.0
Debt instrument, prepayment premium		1.00%
2018 Amended Term B Loan \| Royal Bank of Canada
Line Of Credit Facility [Line Items]
Loan facility, term			7 years
Borrowing capacity			$ 600,000,000.0
2018 Amended Term B Loan \| Base Rate
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.50%
2018 Amended Term B Loan \| Eurodollar
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2.50%
2019 Term Loan \| TiVo Merger
Line Of Credit Facility [Line Items]
Debt instrument, maturity date	Nov. 22, 2024
Debt instrument, prepayment premium	3.00%
Outstanding borrowings	$ 715,000,000.0
Repayment of debt and prepayment penalty	$ 734,600,000
2021 Convertible Notes
Line Of Credit Facility [Line Items]
Unamortized debt discount and issuance costs				34,400,000	9,300,000
Borrowings				$ 873,800,000	344,000,000.0
Interest rate				5.10%
Interest expense				$ 37,900,000	23,400,000	25,700,000
Amortized costs				$ 6,300,000	$ 2,500,000	$ 2,500,000
2021 Convertible Notes \| TiVo Merger
Line Of Credit Facility [Line Items]
Interest rate	2.00%
Debt assumed	$ 48,000.0

Leases - Additional Information (Details)	12 Months Ended
Leases - Additional Information (Details)	Dec. 31, 2020
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 the next 6 years or less. Leases with an initial term of 12 months or less are not recorded on the balance sheets
Minimum
Lessee Lease Description [Line Items]
Remaining lease term	1 year
Lessee term of period to extend	5 years
Maximum
Lessee Lease Description [Line Items]
Remaining lease term	9 years

Goodwill and Identified Intangible Assets - Identified Intangible Assets (Parenthetical) (Details) - TiVo Merger $ in Millions	6 Months Ended
	Jun. 30, 2020 USD ($)
TiVo Tradename/trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets acquired	$ 21.4
Patents
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	457.4
Developed technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	34.8
Content database
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	6.2
Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 358.2

Segment and Geographic Information - Schedule of Property and Equipment, Net, by Geographical Area (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Property and equipment, net	$ 63,207	$ 32,877	$ 31,037
U.S.
Segment Reporting Information [Line Items]
Property and equipment, net	54,818	28,273	29,123
Europe
Segment Reporting Information [Line Items]
Property and equipment, net	4,842	4,391	1,533
Asia and other
Segment Reporting Information [Line Items]
Property and equipment, net	$ 3,547	$ 213	$ 381

Fair Value - Schedule of Fair Value Assets Measured on Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 122,095	$ 49,527
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	3,849	3,725
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	118,246	45,802
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	3,849	2,601
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	3,849	2,601
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
Commercial paper - debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	15,987	4,056
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	15,987	4,056
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	69,960	41,746
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	69,960	41,746
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	32,299
Treasury and agency notes and bills - Debt securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Treasury and agency notes and bills - Debt securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	32,299
Treasury and agency notes and bills - Debt securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0
Marketable equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		1,124
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
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
Marketable equity securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 0