Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of Product Warranty Liability

Activity related to warranty claims are as follows:

	December 31, 2022		December 31, 2021
(in thousands)
Beginning balance	$	762	$	994
Adjustments to reserve	184		(10)
Warranty claims settled	(224)		(222)
Ending balance	$	722	$	762

Schedule of Cash, Cash Equivalents, and Cash Held on Behalf of Customer

Cash, cash equivalents, and cash held on behalf of customers consist of the following:

(in thousands)	December 31, 2022		December 31, 2021
Cash and cash equivalents
Cash	$	18,856	$	69,249
Money market funds	51,472		119,170
Cash held on behalf of customers	7,205		0
Total cash, cash equivalents, and cash held on behalf of customers	$	77,533	$	188,419

Schedule of Short-Term Investment

The carrying value of investment securities consist of the following:

(in thousands)	December 31, 2022		December 31, 2021
Short-term investments
Treasury Bills & Notes	$	40,290	$	—
Total Short-term Investments	$	40,290	$	—

Schedule of Amortization expense

Amortization expense for acquired developed technology and internally developed software was broken out as follows:

(in thousands)	2022		2021		2020
Amortization of acquired developed technology	$	15,307	$	11,978	$	3,457
Amortization of internally developed software	6,737		5,411		3,269

Amortization expense for identifiable intangible assets was allocated as follows:

(in thousands)	2022		2021		2020
Amortization of identifiable intangible assets recorded in cost of sales	$	22,044	$	17,389	$	6,726
Amortization expense recorded in operating expense	1,863		1,825		1,150
Impact of currency translation on intangible assets	(304)		—		—

Schedule of Components of Identifiable Intangible Assets

The components of identifiable intangible assets are:

	December 31,
(in thousands)	2022		2021		Estimated Useful Life	Weighted-Average Amortization Period
Acquired developed technology	$	119,800	$	109,100	3 - 7 years	4.75 years
Internally developed software costs	32,274		25,735		3 years	2.50 years
Customer relationships	12,360		12,360		7 years	4.33 years
Trade names	1,410		1,410		2 - 5 years	2.00 years
Non-competition agreements	30		30		1 year	1.00 year
	165,874		148,635
Impact of currency translation on intangible assets	304		—
Less: accumulated amortization	(63,386)		(39,479)
	$	102,792	$	109,156
Internally developed software costs not meeting general release threshold	2,105		3,407
Trademarks, trade names (non-amortizable)	6,200		6,200		Indefinite
	$	111,097	$	118,763

Schedule of Future Amortization of Intangible Assets

The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software costs not meeting the general release threshold, is as follows (in thousands):

2023	$	23,368
2024	21,323
2025	19,550
2026	17,737
2027	14,730
Thereafter	6,084
Total	$	102,792

Schedule of Reconciliation of Weighted Average Shares Outstanding for the Basic and Diluted Loss Per Share

The following is a reconciliation of the weighted average shares outstanding for the basic and diluted loss per share computations:

	December 31,
(in thousands, except per share data)	2022		2021		2020
Net loss	$	(69,319)	$	(75,799)	$	(36,562)
Basic:
Weighted average common shares	27,152		25,088		19,014
Loss per common share, basic	$	(2.55)	$	(3.02)	$	(1.92)
Diluted:
Weighted average common shares	27,152		25,088		19,014
Loss per common share, diluted	$	(2.55)	$	(3.02)	$	(1.92)

Schedule of Goodwill

The following table presents the goodwill activities for the periods presented:

(in thousands)
Beginning balance - December 31, 2020	$	41,214
Punchh Acquisition	417,559
ASC 805 measurement period adjustment	(1,467)
Balance - December 31, 2021	457,306
Q1 2022 Acquisition	1,212
MENU Acquisition	28,495
Punchh Acquisition ASC 805 measurement period adjustment	(1,085)
Foreign currency translation	834
Ending balance - December 31, 2022	$	486,762