SEGMENT REPORTING

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

SEGMENT REPORTING

	Six Months Ended June 30,
	2023						2022
	Intellectual Property Operations		Industrial Operations		Total		Intellectual Property Operations		Industrial Operations		Total
	(In thousands)
Revenues:
License fees	$	4,570	$	—	$	4,570	$	10,677	$	—	$	10,677
Printers and parts	—		6,788		6,788		—		7,916		7,916
Consumable products	—		9,498		9,498		—		9,598		9,598
Services	—		1,851		1,851		—		2,033		2,033
Total revenues	4,570		18,137		22,707		10,677		19,547		30,224
Cost of revenues:
Inventor royalties	366		—		366		360		—		360
Contingent legal fees	544		—		544		1,304		—		1,304
Litigation and licensing expenses	3,637		—		3,637		2,333		—		2,333
Amortization of patents	5,201		—		5,201		5,201		—		5,201
Cost of sales	—		9,153		9,153		—		8,784		8,784
Total cost of revenues	9,748		9,153		18,901		9,198		8,784		17,982
Segment gross (loss) profit	(5,178)		8,984		3,806		1,479		10,763		12,242
Other operating expenses:
Engineering and development expenses	—		421		421		—		335		335
Sales and marketing expenses	—		3,772		3,772		—		4,310		4,310
Amortization of intangible assets	—		867		867		—		866		866
General and administrative expenses	3,499		3,877		7,376		3,523		4,675		8,198
Total other operating expenses	3,499		8,937		12,436		3,523		10,186		13,709
Segment operating (loss) income	$	(8,677)	$	47	(8,630)		$	(2,044)	$	577	(1,467)
Parent general and administrative expenses					13,223						12,711
Operating loss					(21,853)						(14,178)
Total other income (expense)					13,359						(121,656)
Loss before income taxes					$	(8,494)					$	(135,834)

	June 30, 2023		December 31, 2022
	(In thousands)
Equity securities investments:
Equity securities	$	52,853	$	61,608
Equity securities without readily determinable fair value	5,816		5,816
Equity method investments	30,934		30,934
Total parent equity securities investments	89,603		98,358
Other parent assets	236,915		156,394
Segment total assets:
Intellectual property operations	161,050		176,119
Industrial operations	47,140		52,057
Total assets	$	534,708	$	482,928

The Company's revenues and long-lived tangible assets by geographic area are presented below. Intellectual Property Operations revenues are attributed to licensees domiciled in foreign jurisdictions. Printronix's net sales to external customers are attributed to geographic areas based upon the final destination of products shipped. The Company, primarily through its Printronix subsidiary, has identified three global regions for marketing its products and services: Americas, Europe, Middle East and Africa, and Asia-Pacific. Assets are summarized based on the location of held assets.