Revenue (Tables)

3 Months Ended

Mar. 31, 2022

Revenue Recognition [Abstract]

Schedule of Disaggregation of Revenue between Tech-Enabled Services, Software Solutions and Print and Distribution by Reportable Segment

The following table disaggregates revenue between tech-enabled services, software solutions and print and distribution by reportable segment:

	Three Months Ended March 31,
	2022								2021
	Tech-enabled Services		Software Solutions		Print and Distribution		Total		Tech-enabled Services		Software Solutions		Print and Distribution		Total
Capital Markets - Software Solutions	$	—	$	44.7	$	—	$	44.7	$	—	$	38.5	$	—	$	38.5
Capital Markets - Compliance and Communications Management		71.1		—		32.5		103.6		96.0		—		42.5		138.5
Investment Companies - Software Solutions		—		25.1		—		25.1		—		21.8		—		21.8
Investment Companies - Compliance and Communications Management		20.6		—		17.0		37.6		22.5		—		24.0		46.5
Total net sales	$	91.7	$	69.8	$	49.5	$	211.0	$	118.5	$	60.3	$	66.5	$	245.3

Changes in Contract Liabilities

Contract liabilities consist of deferred revenue and progress billings which are included in accrued liabilities on the Unaudited Condensed Consolidated Balance Sheets. During the three months ended March 31, 2022 and March 31, 2021, the Company recognized $16.1 million and $10.4 million of revenue that was included in the deferred revenue balance as of January 1, 2022 and January 1, 2021, respectively. Changes in contract liabilities were as follows:

Balance at January 1, 2022	$	36.0
Deferral of revenue		34.2
Revenue recognized		(27.9	)
Balance at March 31, 2022	$	42.3

Balance at January 1, 2021	$	21.7
Deferral of revenue		25.7
Revenue recognized		(17.5	)
Balance at March 31, 2021	$	29.9