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Revenue (Tables)
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Total revenues consisted of the following:
Three Months Ended March 31,
20242023
Vertical Software segment
Software and service subscriptions$16,936 $16,809 
Move-related transactions6,474 7,769 
Post-move transactions4,085 4,049 
Total Vertical Software segment revenue27,495 28,627 
Insurance segment
Insurance and warranty premiums, commissions and policy fees(1)
87,948 58,742 
Total Insurance segment revenue87,948 58,742 
Total revenue
$115,443 $87,369 
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(1)Revenue recognized during the three months ended March 31, 2024 and 2023, includes revenue of $83.4 million and $51.0 million, respectively, which is accounted for separately from the revenue from contracts with customers.
Summary of the Activity Impacting the Contract Assets
A summary of the activity impacting the contract assets during the three months ended March 31, 2024, is presented below:
Contract Assets
Balance at December 31, 2023$17,393 
Estimated lifetime value of commissions on insurance policies sold by carriers159 
Cash receipts(262)
Sale of business (Note 15)
(16,982)
Balance at March 31, 2024$308 
Summary of the Activity Impacting Deferred Revenue
A summary of the activity impacting Vertical Software segment deferred revenue balances during the three months ended March 31, 2024, is presented below:
Balance at December 31, 2023$3,715 
Revenue recognized(4,590)
Additional amounts deferred5,481 
Balance at March 31, 2024$4,606