Revenue (Tables)

12 Months Ended

Dec. 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 for the years ended December 31, 2022, 2021 and 2020:

	2022								2021								2020
	Tech-enabled Services		Software Solutions		Print and Distribution		Total		Tech-enabled Services		Software Solutions		Print and Distribution		Total		Tech-enabled Services		Software Solutions		Print and Distribution		Total
Capital Markets - Software Solutions	$	—	$	180.2	$	—	$	180.2	$	—	$	181.0	$	—	$	181.0	$	—	$	133.2	$	—	$	133.2
Capital Markets - Compliance and Communications Management		305.1		—		105.2		410.3		443.1		—		118.4		561.5		314.4		—		109.6		424.0
Investment Companies - Software Solutions		—		99.4		—		99.4		—		89.0		—		89.0		—		67.0		—		67.0
Investment Companies - Compliance and Communications Management		75.8		—		67.9		143.7		76.4		—		85.4		161.8		94.8		—		175.5		270.3
Total net sales	$	380.9	$	279.6	$	173.1	$	833.6	$	519.5	$	270.0	$	203.8	$	993.3	$	409.2	$	200.2	$	285.1	$	894.5

Changes in Contract Liabilities

Contract liabilities consist of deferred revenue and progress billings, which are included in accrued liabilities on the audited Consolidated Balance Sheets. The Company recognized $33.2 million and $20.4 million of revenue during the years ended December 31, 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		156.3
Revenue recognized		(146.2	)
Balance at December 31, 2022	$	46.1

Balance at January 1, 2021	$	21.7
Deferral of revenue		138.5
Revenue recognized		(124.2	)
Balance at December 31, 2021	$	36.0