Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Revenue Recognition [Abstract]

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

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

	Three Months Ended June 30,
	2022								2021
	Tech-enabled Services		Software Solutions		Print and Distribution		Total		Tech-enabled Services		Software Solutions		Print and Distribution		Total
Capital Markets - Software Solutions	$	—	$	46.3	$	—	$	46.3	$	—	$	43.8	$	—	$	43.8
Capital Markets - Compliance and Communications Management		110.9		—		39.1		150.0		113.8		—		39.3		153.1
Investment Companies - Software Solutions		—		25.3		—		25.3		—		22.8		—		22.8
Investment Companies - Compliance and Communications Management		22.4		—		22.2		44.6		20.2		—		27.6		47.8
Total net sales	$	133.3	$	71.6	$	61.3	$	266.2	$	134.0	$	66.6	$	66.9	$	267.5

	Six Months Ended June 30,
	2022								2021
	Tech-enabled Services		Software Solutions		Print and Distribution		Total		Tech-enabled Services		Software Solutions		Print and Distribution		Total
Capital Markets - Software Solutions	$	—	$	91.0	$	—	$	91.0	$	—	$	82.3	$	—	$	82.3
Capital Markets - Compliance and Communications Management		182.0		—		71.6		253.6		209.8		—		81.8		291.6
Investment Companies - Software Solutions		—		50.4		—		50.4		—		44.6		—		44.6
Investment Companies - Compliance and Communications Management		43.0		—		39.2		82.2		42.7		—		51.6		94.3
Total net sales	$	225.0	$	141.4	$	110.8	$	477.2	$	252.5	$	126.9	$	133.4	$	512.8

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. The Company recognized $10.0 million and $5.5 million of revenue during the three months ended June 30, 2022 and 2021, respectively, that was included in the deferred revenue balances at the beginning of the respective periods. The Company recognized $26.1 million and $15.9 million of revenue during the six months ended June 30, 2022 and 2021, respectively, that was included in the deferred revenue balances at the beginning of the respective periods. Changes in contract liabilities were as follows:

Balance at January 1, 2022	$	36.0
Deferral of revenue		78.8
Revenue recognized		(65.9	)
Balance at June 30, 2022	$	48.9

Balance at January 1, 2021	$	21.7
Deferral of revenue		59.4
Revenue recognized		(48.7	)
Balance at June 30, 2021	$	32.4