Segment and Geographic Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment and Geographic Information

NOTE 18 – SEGMENT AND GEOGRAPHIC INFORMATION

As a result of the Separation, the Company changed its operational structure in the fourth quarter of 2022, resulting in one reportable segment: Intellectual Property ("IP") Licensing. 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.

A portion of the Company’s revenue is derived from licensees headquartered outside of the U.S., and it is expected that this revenue will continue to account for a portion of total revenue in future periods. The table below lists the geographic revenue for the periods indicated (in thousands):

	Years Ended December 31,
	2022				2021				2020
U.S.	$	366,527	84	%	$	299,253	76	%	$	365,819	71	%
Japan		13,830	3	%		18,025	5	%		6,106	1	%
South Korea		20,539	5	%		28,082	7	%		124,867	24	%
Europe and Middle East		6,058	1	%		8,201	2	%		2,348	1	%
Other		31,979	7	%		37,651	10	%		16,779	3	%
	$	438,933	100	%	$	391,212	100	%	$	515,919	100	%

For the years ended December 31, 2022, 2021 and 2020, three, two and two customers, respectively, each accounted for 10% or more of total revenue. 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,
	2022			2021			2020
Customer A		16	%		18	%	*
Customer B		13	%	*			*
Customer C		11	%		14	%		46	%
Customer D	*			*				14	%

* denotes less than 10% of total revenue.

At December 31, 2022, the Company had two customers representing 36% and 29% of aggregate accounts receivable, respectively. At December 31, 2021, the Company had three customers representing 28%, 20% and 10% of aggregate accounts receivable, respectively.

As of December 31, 2022 and 2021, property and equipment, net, was all located in the U.S.