XML 40 R28.htm IDEA: XBRL DOCUMENT v3.24.0.1
Revenue (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023, 2022 and 2021:

 

2023

 

 

2022

 

 

2021

 

 

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

$

 

 

$

185.9

 

 

$

 

 

$

185.9

 

 

$

 

 

$

180.2

 

 

$

 

 

$

180.2

 

 

$

 

 

$

181.0

 

 

$

 

 

$

181.0

 

Capital Markets - Compliance and Communications Management

 

264.9

 

 

 

 

 

 

90.5

 

 

 

355.4

 

 

 

305.1

 

 

 

 

 

 

105.2

 

 

 

410.3

 

 

 

443.1

 

 

 

 

 

 

118.4

 

 

 

561.5

 

Investment Companies - Software Solutions

 

 

 

 

106.8

 

 

 

 

 

 

106.8

 

 

 

 

 

 

99.4

 

 

 

 

 

 

99.4

 

 

 

 

 

 

89.0

 

 

 

 

 

 

89.0

 

Investment Companies - Compliance and Communications Management

 

72.0

 

 

 

 

 

 

77.1

 

 

 

149.1

 

 

 

75.8

 

 

 

 

 

 

67.9

 

 

 

143.7

 

 

 

76.4

 

 

 

 

 

 

85.4

 

 

 

161.8

 

Total net sales

$

336.9

 

 

$

292.7

 

 

$

167.6

 

 

$

797.2

 

 

$

380.9

 

 

$

279.6

 

 

$

173.1

 

 

$

833.6

 

 

$

519.5

 

 

$

270.0

 

 

$

203.8

 

 

$

993.3

 

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 $41.7 million and $33.2 million of revenue during the years ended December 31, 2023 and 2022, respectively, that was included in the deferred revenue balances at the beginning of the respective periods. Changes in contract liabilities were as follows:

 

 

December 31,

 

 

 

2023

 

 

2022

 

Balance, beginning of year

 

$

46.1

 

 

$

36.0

 

Deferral of revenue

 

 

162.3

 

 

 

156.3

 

Revenue recognized

 

 

(160.5

)

 

 

(146.2

)

Disposition

 

 

(1.1

)

 

 

 

Balance, end of year

 

$

46.8

 

 

$

46.1