PAR Technology (PAR) 10-Q8 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2024	Nov. 07, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-09720
Entity Registrant Name	PAR TECHNOLOGY CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	16-1434688
Entity Address, Address Line One	PAR Technology Park
Entity Address, Address Line Two	8383 Seneca Turnpike
Entity Address, City or Town	New Hartford
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	13413-4991
City Area Code	315
Local Phone Number	738-0600
Title of 12(b) Security	Common Stock, $0.02 par value
Trading Symbol	PAR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		36,305,087
Entity Central Index Key	0000708821
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 105,804	$ 37,183
Cash held on behalf of customers	15,266	10,170
Short-term investments	12,578	37,194
Accounts receivable – net	60,298	42,679
Inventories	23,915	23,560
Other current assets	14,743	8,123
Current assets of discontinued operations	0	21,690
Total current assets	232,604	180,599
Property, plant and equipment – net	14,865	15,524
Goodwill	803,084	488,918
Intangible assets – net	226,051	93,969
Lease right-of-use assets	7,651	3,169
Other assets	15,019	17,642
Noncurrent assets of discontinued operations	0	2,785
Total Assets	1,299,274	802,606
Current liabilities:
Accounts payable	35,186	25,599
Accrued salaries and benefits	17,959	14,128
Accrued expenses	8,309	3,533
Customers payable	15,266	10,170
Lease liabilities – current portion	2,178	1,120
Customer deposits and deferred service revenue	30,444	9,304
Current liabilities of discontinued operations	0	16,378
Total current liabilities	109,342	80,232
Lease liabilities – net of current portion	5,559	2,145
Long-term debt	466,735	377,647
Deferred service revenue – noncurrent	1,733	4,204
Other long-term liabilities	23,198	3,603
Noncurrent liabilities of discontinued operations	0	1,710
Total liabilities	606,567	469,541
Shareholders’ equity:
Preferred stock, $0.02 par value, 1,000,000 shares authorized	0	0
Common stock, $0.02 par value, 116,000,000 shares authorized, 37,773,764 and 29,386,234 shares issued, 36,303,459 and 28,029,915 outstanding at September 30, 2024 and December 31, 2023, respectively	749	584
Additional paid in capital	972,811	625,154
Accumulated deficit	(258,886)	(274,956)
Accumulated other comprehensive loss	(118)	(939)
Treasury stock, at cost, 1,470,305 shares and 1,356,319 shares at September 30, 2024 and December 31, 2023, respectively	(21,849)	(16,778)
Total shareholders’ equity	692,707	333,065
Total Liabilities and Shareholders’ Equity	$ 1,299,274	$ 802,606

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.02	$ 0.02
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 0.02	$ 0.02
Common stock, authorized (in shares)	116,000,000	116,000,000
Common stock, issued (in shares)	37,773,764	29,386,234
Common stock, outstanding (in shares)	36,303,459	28,029,915
Treasury stock (in shares)	1,470,305	1,356,319

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues, net:
Total revenues, net	$ 96,754	$ 68,701	$ 244,977	$ 206,814
Cost of sales:
Total cost of sales	53,723	43,567	143,860	141,582
Gross margin	43,031	25,134	101,117	65,232
Operating expenses:
Sales and marketing	10,500	9,532	31,237	29,005
General and administrative	27,352	17,525	77,896	52,926
Research and development	17,821	14,660	49,826	43,863
Amortization of identifiable intangible assets	2,699	464	5,577	1,393
Adjustment to contingent consideration liability	0	0	(600)	(7,500)
Gain on insurance proceeds	(147)	0	(147)	(500)
Total operating expenses	58,225	42,181	163,789	119,187
Operating loss	(15,194)	(17,047)	(62,672)	(53,955)
Other expense, net	(1,400)	(262)	(1,710)	(116)
Interest expense, net	(3,417)	(1,750)	(6,755)	(5,152)
Loss from continuing operations before (provision for) benefit from income taxes	(20,011)	(19,059)	(71,137)	(59,223)
(Provision for) benefit from income taxes	(653)	(175)	6,520	(873)
Net loss from continuing operations	(20,664)	(19,234)	(64,617)	(60,096)
Net income from discontinued operations	832	3,718	80,687	8,973
Net income (loss)	$ (19,832)	$ (15,516)	$ 16,070	$ (51,123)
Net income (loss) per share (basic and diluted):
Continuing operations, basic (in dollars per share)	$ (0.58)	$ (0.70)	$ (1.90)	$ (2.19)
Continuing operations, diluted (in dollars per share)	(0.58)	(0.70)	(1.90)	(2.19)
Discontinued operations, basic (in dollars per share)	0.02	0.14	2.38	0.33
Discontinued operations, diluted (in dollars per share)	0.02	0.14	2.38	0.33
Total, basic (in dollars per share)	(0.56)	(0.56)	0.48	(1.86)
Total, diluted (in dollars per share)	$ (0.56)	$ (0.56)	$ 0.48	$ (1.86)
Weighted average shares outstanding, basic (in shares)	35,865	27,472	33,931	27,412
Weighted average shares outstanding, diluted (in shares)	35,865	27,472	33,931	27,412
Subscription service
Revenues, net:
Total revenues, net	$ 59,909	$ 31,363	$ 143,160	$ 89,700
Cost of sales:
Total cost of sales	26,789	15,497	66,424	46,655
Hardware
Revenues, net:
Total revenues, net	22,650	25,824	60,992	78,991
Cost of sales:
Total cost of sales	16,878	19,295	46,587	63,002
Professional service
Revenues, net:
Total revenues, net	14,195	11,514	40,825	38,123
Cost of sales:
Total cost of sales	$ 10,056	$ 8,775	$ 30,849	$ 31,925

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (19,832)	$ (15,516)	$ 16,070	$ (51,123)
Other comprehensive income (loss), net of applicable tax:
Foreign currency translation adjustments	3,790	1,417	821	(142)
Comprehensive income (loss)	$ (16,042)	$ (14,099)	$ 16,891	$ (51,265)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2022		28,590,000
Beginning balance at Dec. 31, 2022	$ 375,194	$ 570	$ 595,286	$ (205,204)	$ (1,365)	$ (14,093)
Treasury stock (in shares) at Dec. 31, 2022						1,271,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)		5,000
Issuance of common stock upon the exercise of stock options	52		52
Net issuance of restricted stock awards and restricted stock units (in shares)		160,000
Net issuance of restricted stock awards and restricted stock units	2	$ 2
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (in shares)						79,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(2,478)					$ (2,478)
Stock-based compensation	3,055		3,055
Foreign currency translation adjustments	(42)				(42)
Net income (loss)	(15,905)			(15,905)
Ending balance (in shares) at Mar. 31, 2023		28,755,000
Ending balance at Mar. 31, 2023	359,878	$ 572	598,393	(221,109)	(1,407)	$ (16,571)
Treasury stock (in shares) at Mar. 31, 2023						1,350,000
Beginning balance (in shares) at Dec. 31, 2022		28,590,000
Beginning balance at Dec. 31, 2022	375,194	$ 570	595,286	(205,204)	(1,365)	$ (14,093)
Treasury stock (in shares) at Dec. 31, 2022						1,271,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustments	(142)
Net income (loss)	(51,123)
Ending balance (in shares) at Sep. 30, 2023		28,878,000
Ending balance at Sep. 30, 2023	332,740	$ 574	606,836	(256,327)	(1,507)	$ (16,836)
Treasury stock (in shares) at Sep. 30, 2023						1,358,000
Beginning balance (in shares) at Dec. 31, 2022		28,590,000
Beginning balance at Dec. 31, 2022	$ 375,194	$ 570	595,286	(205,204)	(1,365)	$ (14,093)
Treasury stock (in shares) at Dec. 31, 2022						1,271,000
Ending balance (in shares) at Dec. 31, 2023	28,029,915	29,386,000
Ending balance at Dec. 31, 2023	$ 333,065	$ 584	625,154	(274,956)	(939)	$ (16,778)
Treasury stock (in shares) at Dec. 31, 2023	1,356,319					1,356,000
Beginning balance (in shares) at Mar. 31, 2023		28,755,000
Beginning balance at Mar. 31, 2023	$ 359,878	$ 572	598,393	(221,109)	(1,407)	$ (16,571)
Treasury stock (in shares) at Mar. 31, 2023						1,350,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)		9,000
Issuance of common stock upon the exercise of stock options	147		147
Net issuance of restricted stock awards and restricted stock units (in shares)		35,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (in shares)						6,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(205)					$ (205)
Stock-based compensation	3,615		3,615
Foreign currency translation adjustments	(1,517)				(1,517)
Net income (loss)	(19,702)			(19,702)
Ending balance (in shares) at Jun. 30, 2023		28,799,000
Ending balance at Jun. 30, 2023	342,216	$ 572	602,155	(240,811)	(2,924)	$ (16,776)
Treasury stock (in shares) at Jun. 30, 2023						1,356,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)		74,000
Issuance of common stock upon the exercise of stock options	711	$ 2	709
Net issuance of restricted stock awards and restricted stock units (in shares)		5,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (in shares)						2,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(60)					$ (60)
Stock-based compensation	3,972		3,972
Foreign currency translation adjustments	1,417				1,417
Net income (loss)	(15,516)			(15,516)
Ending balance (in shares) at Sep. 30, 2023		28,878,000
Ending balance at Sep. 30, 2023	$ 332,740	$ 574	606,836	(256,327)	(1,507)	$ (16,836)
Treasury stock (in shares) at Sep. 30, 2023						1,358,000
Beginning balance (in shares) at Dec. 31, 2023	28,029,915	29,386,000
Beginning balance at Dec. 31, 2023	$ 333,065	$ 584	625,154	(274,956)	(939)	$ (16,778)
Treasury stock (in shares) at Dec. 31, 2023	1,356,319					1,356,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)		107,000
Issuance of common stock upon the exercise of stock options	$ 1,105	$ 2	1,103
Net issuance of restricted stock awards and restricted stock units (in shares)		329,000
Net issuance of restricted stock awards and restricted stock units	0	$ 4	(4)
Issuance of common stock for acquisition (in shares)		442,000
Issuance of common stock for acquisition (see Note 3)	19,170	$ 9	19,161
Proceeds from private placement of common stock, net of issuance costs (in shares)		5,175,000
Proceeds from private placement of common stock, net of issuance costs	194,490	$ 104	194,386
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (in shares)						109,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(4,838)					$ (4,838)
Stock-based compensation	4,410		4,410
Foreign currency translation adjustments	(2,714)				(2,714)
Net income (loss)	(18,288)			(18,288)
Ending balance (in shares) at Mar. 31, 2024		35,439,000
Ending balance at Mar. 31, 2024	$ 526,400	$ 703	844,210	(293,244)	(3,653)	$ (21,616)
Treasury stock (in shares) at Mar. 31, 2024						1,465,000
Beginning balance (in shares) at Dec. 31, 2023	28,029,915	29,386,000
Beginning balance at Dec. 31, 2023	$ 333,065	$ 584	625,154	(274,956)	(939)	$ (16,778)
Treasury stock (in shares) at Dec. 31, 2023	1,356,319					1,356,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)	174,000
Foreign currency translation adjustments	$ 821
Net income (loss)	$ 16,070
Ending balance (in shares) at Sep. 30, 2024	36,303,459	37,774,000
Ending balance at Sep. 30, 2024	$ 692,707	$ 749	972,811	(258,886)	(118)	$ (21,849)
Treasury stock (in shares) at Sep. 30, 2024	1,470,305					1,470,000
Beginning balance (in shares) at Mar. 31, 2024		35,439,000
Beginning balance at Mar. 31, 2024	$ 526,400	$ 703	844,210	(293,244)	(3,653)	$ (21,616)
Treasury stock (in shares) at Mar. 31, 2024						1,465,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)		35,000
Issuance of common stock upon the exercise of stock options	432		432
Net issuance of restricted stock awards and restricted stock units (in shares)		85,000
Net issuance of restricted stock awards and restricted stock units	0	$ 2	(2)
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (in shares)						5,000
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(212)					$ (212)
Issuance of common stock for employee stock purchase plan (in shares)		15,000
Issuance of common stock for employee stock purchase plan	526		526
Stock-based compensation	7,240		7,240
Foreign currency translation adjustments	(255)				(255)
Net income (loss)	54,190			54,190
Ending balance (in shares) at Jun. 30, 2024		35,574,000
Ending balance at Jun. 30, 2024	588,321	$ 705	852,406	(239,054)	(3,908)	$ (21,828)
Treasury stock (in shares) at Jun. 30, 2024						1,470,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of stock options (in shares)		32,000
Issuance of common stock upon the exercise of stock options	502	$ 1	501
Net issuance of restricted stock awards and restricted stock units (in shares)		5,000
Issuance of common stock for acquisition (in shares)		2,163,000
Issuance of common stock for acquisition (see Note 3)	114,010	$ 43	113,967
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	(21)					$ (21)
Stock-based compensation	5,937		5,937
Foreign currency translation adjustments	3,790				3,790
Net income (loss)	$ (19,832)			(19,832)
Ending balance (in shares) at Sep. 30, 2024	36,303,459	37,774,000
Ending balance at Sep. 30, 2024	$ 692,707	$ 749	$ 972,811	$ (258,886)	$ (118)	$ (21,849)
Treasury stock (in shares) at Sep. 30, 2024	1,470,305					1,470,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Statement of Stockholders' Equity [Abstract]
Payments for common stock issuance costs	$ 5.5

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ (19,832)	$ (18,288)	$ (15,516)	$ (15,905)	$ 16,070	$ (51,123)
Net income from discontinued operations	(832)		(3,718)		(80,687)	(8,973)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization					26,702	20,133
Accretion of debt in interest expense, net					1,755	1,594
Accretion of discount on held to maturity investments in interest expense, net					283	0
Current expected credit losses					2,439	783
Provision for obsolete inventory					(14)	(1,271)
Stock-based compensation					16,583	10,544
Impairment loss					225	0
Adjustment to contingent consideration liability	0		0		(600)	(7,500)
Deferred income tax					(8,288)	0
Changes in operating assets and liabilities:
Accounts receivable					(11,696)	(2,767)
Inventories					(314)	14,601
Other current assets					(3,935)	(1,817)
Other assets					1,315	(395)
Accounts payable					4,960	1,960
Accrued salaries and benefits					3,490	(3,901)
Accrued expenses					(1,848)	123
Customer deposits and deferred service revenue					6,279	(1,292)
Customers payable					5,096	1,553
Other long-term liabilities					(2,253)	(186)
Cash used in operating activities - continuing operations					(24,438)	(27,934)
Cash provided by (used in) operating activities - discontinued operations					(4,183)	9,446
Net cash used in operating activities					(28,621)	(18,488)
Cash flows from investing activities:
Cash paid for acquisition, net of cash acquired					(293,570)	0
Capital expenditures					(791)	(4,650)
Capitalization of software costs					(4,004)	(3,364)
Proceeds from company-owned life insurance policies					3,266	0
Proceeds from sale of held to maturity investments					53,277	68,115
Purchases of held to maturity investments					(28,351)	(64,542)
Cash used in investing activities - continuing operations					(270,173)	(4,441)
Cash provided by (used in) investing activities - discontinued operations					92,075	(371)
Net cash used in investing activities					(178,098)	(4,812)
Cash flows from financing activities:
Proceeds from private placement of common stock, net of issuance costs					194,490	0
Proceeds from debt issuance, net of original issue discount					87,333	0
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock					(5,071)	(2,743)
Proceeds from employee stock purchase plan					526	0
Proceeds from exercise of stock options					2,039	912
Cash provided by (used in) financing activities - continuing operations					279,317	(1,831)
Cash provided by (used in) in financing activities - discontinued operations					0	0
Net cash provided by (used in) financing activities					279,317	(1,831)
Effect of exchange rate changes on cash and cash equivalents					933	(508)
Net increase (decrease) in cash and cash equivalents and cash held on behalf of customers					73,531	(25,639)
Cash and cash equivalents and cash held on behalf of customers at beginning of period		$ 47,539		$ 77,533	47,539	77,533	$ 77,533
Cash and cash equivalents and cash held on behalf of customers at end of period	121,070		51,894		121,070	51,894	47,539
Reconciliation of cash and cash equivalents and cash held on behalf of customers
Cash and cash equivalents	105,804		43,136		105,804	43,136
Cash held on behalf of customers	15,266		8,758		15,266	8,758	10,170
Total cash and cash equivalents and cash held on behalf of customers	$ 121,070		$ 51,894		121,070	51,894	47,539
Supplemental disclosures of cash flow information:
Cash paid for interest					3,713	4,022
Cash paid for income taxes					1,543	2,392
Capitalized software recorded in accounts payable					36	468
Capital expenditures in accounts payable					62	98
Common stock issued for acquisition					$ 133,181	$ 0
Cash and cash equivalents included in discontinued operations							$ 200

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Nature of Business PAR Technology Corporation (the “Company” or “PAR,” “we,” or “us”), through its consolidated subsidiaries, operates in one segment, Restaurant/Retail. We report aggregate financial information on a consolidated basis to our Chief Executive Officer, who is the Company’s chief operating decision maker. The Restaurant/Retail segment provides leading omnichannel cloud-based software and hardware solutions to the restaurant and retail industries. Our product and service offerings include point-of-sale, customer engagement and loyalty, digital ordering and delivery, operational intelligence technologies, payment processing, hardware, and related technologies, solutions, and services. We provide enterprise restaurants, franchisees, and other foodservice outlets with operational efficiencies through a data-driven network with integration capabilities from point-of-sale to the kitchen, to fulfillment. Our subscription services are grouped into two product lines: Engagement Cloud, which includes Punchh and PAR Retail (formerly Stuzo) products and services for customer loyalty and engagement, Plexure for international customer loyalty and engagement, and PAR Ordering (formerly MENU) for omnichannel digital ordering and delivery; and Operator Cloud, which includes PAR POS (formerly Brink POS) and TASK for front-of-house, PAR Payment Services and PAR Pay for payments, and Data Central for back-of-house. The accompanying consolidated financial statements include the Company's accounts and those of its consolidated subsidiaries. All intercompany transactions have been eliminated in consolidation. Basis of Presentation The accompanying financial statements of PAR Technology Corporation and its consolidated subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and the instructions to Form 10-Q and Regulation S-X pertaining to interim financial statements as promulgated by the SEC. In the opinion of management, the Company's financial statements include all normal and recurring adjustments necessary in order to make the financial statements not misleading and to provide a fair presentation of the Company's financial results for the interim period included in this Quarterly Report. Interim results are not necessarily indicative of results for the full year or any future periods. The information included in this Quarterly Report should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “2023 Annual Report”). The results of operations of the Company's Government segment are reported as discontinued operations in the condensed consolidated statements of operations for all periods presented and the related assets and liabilities associated with the discontinued operations are classified as assets and liabilities of discontinued operations in the condensed consolidated balance sheet as of December 31, 2023. All results and information in the condensed consolidated financial statements are presented as continuing operations and exclude the Government segment unless otherwise noted specifically as discontinued operations. Use of Estimates The preparation of the financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to these estimates and assumptions include revenue recognition, stock-based compensation, the recognition and measurement of assets acquired and liabilities assumed in business combinations at fair value, the carrying amount of property, plant, and equipment including right-to-use assets and liabilities, identifiable intangible assets and goodwill, valuation allowances for receivables, valuation of excess and obsolete inventories, and measurement of contingent consideration at fair value. Actual results could differ from those estimates. Cash and Cash Equivalents and Cash Held on Behalf of Customers Cash and cash equivalents and cash held on behalf of customers consist of the following: (in thousands) September 30, 2024 December 31, 2023 Cash and cash equivalents Cash $ 103,643 $ 37,143 Money market funds 2,161 40 Cash held on behalf of customers 15,266 10,170 Total cash and cash equivalents and cash held on behalf of customers $ 121,070 $ 47,353 The Company maintained bank balances that, at times, exceeded the federally insured limit during the nine months ended September 30, 2024. The Company did not experience losses relating to these deposits and management does not believe that the Company is exposed to any significant credit risk with respect to these amounts. Short-Term Investments The carrying value of investment securities consist of the following: (in thousands) September 30, 2024 December 31, 2023 Short-term investments Treasury bills and notes $ 11,985 $ 37,194 Short-term deposits 593 — Total short-term investments $ 12,578 $ 37,194 The Company did not have any material gains or losses on these securities during the nine months ended September 30, 2024. The estimated fair value of these securities approximated their carrying value as of September 30, 2024 and December 31, 2023. Discontinued Operations In determining whether a group of assets disposed of (or is to be disposed of) should be presented as a discontinued operation, the Company analyzes whether the group of assets disposed of represented a component of the entity; that is, whether it had historic operations and cash flows that were discrete both operationally and for financial reporting purposes. In addition, the Company considers whether the disposal represents a strategic shift that has or will have a major effect on the Company’s operations and financial results. The assets and liabilities of a discontinued operation, other than goodwill, are measured at the lower of carrying amount or fair value, less cost to sell. When a portion of a reporting unit that constitutes a business is to be disposed of, the goodwill associated with that business is included in the carrying amount of the business based on the relative fair values of the business to be disposed of and the portion of the reporting unit that will be retained. Interest is allocated to discontinued operations if the interest is directly attributable to the discontinued operations or is interest on debt that is required to be repaid as a result of the disposal. Other Assets Other assets include deferred implementation costs of $7.9 million and $8.8 million and deferred commissions of $3.6 million and $2.6 million at September 30, 2024 and December 31, 2023, respectively. The following table summarizes amortization expense for deferred implementation costs and deferred commissions: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Amortization of deferred implementation costs $ 1,569 $ 1,271 $ 4,612 $ 3,409 Amortization of deferred commissions 430 226 1,235 617 Other assets include the cash surrender value of life insurance related to the Company’s deferred compensation plan eligible to certain employees. The cash surrender value of the deferred compensation plan was cashed out during the three months ended September 30, 2024. The balance of the life insurance policies was zero and $3.3 million at September 30, 2024 and December 31, 2023, respectively. Other Long-Term Liabilities Other long-term liabilities include deferred tax liabilities of $22.7 million and $0.8 million at September 30, 2024 and December 31, 2023, respectively. Other long-term liabilities include amounts owed to employees that participated in the Company’s deferred compensation plan. Amounts owed to employees who participated in the deferred compensation plan were $0.1 million and $0.4 million at September 30, 2024 and December 31, 2023, respectively. Gain on Insurance Proceeds During the nine months ended September 30, 2024, and 2023 the Company received $0.1 million and $0.5 million, respectively, of insurance proceeds in connection with the settlement of legacy claims. Related Party Transactions During the nine months ended September 30, 2023, Ronald Shaich, the sole member of Act III Management LLC ("Act III Management"), served as a strategic advisor to the Company's board of directors pursuant to a strategic advisor agreement, which terminated on June 1, 2023. Keith Pascal, a director of the Company, is an employee of Act III Management and serves as its vice president and secretary. Mr. Pascal does not have an ownership interest in Act III Management. As of September 30, 2024 and December 31, 2023, the Company had zero accounts payable owed to Act III Management. During the three months ended September 30, 2024 and 2023, the Company paid Act III Management zero and during the nine months ended September 30, 2024 and 2023 the Company paid Act III Management zero and $0.1 million, respectively, for services performed under the strategic advisor agreement. In connection with the acquisition of TASK Group Holdings Limited (“TASK Group” and such acquisition, the "TASK Group Acquisition"), the Company leases an Australian office from the Houden Superannuation Fund. The trustees and beneficiaries of the Houden Superannuation Fund include two executives of TASK Group. The Australian office has been occupied by the TASK Group since 2005 with the last rent increase occurring in March 2021 based on an independent review of comparable market rent. During the three months ended September 30, 2024, the Company paid the Houden Superannuation Fund $0.1 million in rent. The Company had zero accounts payable owed to the Houden Superannuation Fund as of September 30, 2024. Impairment of Long-Lived Assets During the three months ended September 30, 2024, the Company recorded an impairment loss of $0.2 million included in general and administrative expense in the condensed consolidated statements of operations related to the discontinuance of the Brink POS trade name. Recently Adopted Accounting Pronouncements There were no recent accounting pronouncements or changes in accounting pronouncements during the nine months ended September 30, 2024 that are of significance or potential significance to the Company.

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Deferred Revenue Deferred revenue is as follows: (in thousands) September 30, 2024 December 31, 2023 Current $ 28,777 $ 7,250 Non-current 1,733 4,204 Total $ 30,510 $ 11,454 Most performance obligations greater than one year relate to service and support contracts that the Company expects to fulfill within 36 months. The Company expects to fulfill 100% of service and support contracts within 60 months. The changes in deferred revenue, inclusive of both current and long-term, are as follows: (in thousands) 2024 2023 Beginning balance - January 1 $ 11,454 $ 13,584 Acquired deferred revenue (Note 3) 12,391 — Recognition of deferred revenue (73,706) (19,074) Deferral of revenue 79,911 17,889 Impact of foreign currency translation on deferred revenue 460 — Ending balance - September 30 $ 30,510 $ 12,399 The above tables exclude customer deposits of $1.7 million and $2.0 million as of the nine months ended September 30, 2024 and 2023, respectively. During the three months ended September 30, 2024 and 2023, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $1.4 million and $2.7 million. During the nine months ended September 30, 2024 and 2023, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $6.3 million and $8.7 million. Disaggregated Revenue The Company disaggregates revenue from contracts with customers by major product line because the Company believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by contract terms and economic factors. Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Point in time Over time Point in time Over time Subscription service $ — $ 59,909 $ — $ 31,363 Hardware 22,650 — 25,824 — Professional service 5,263 8,932 4,272 7,242 Total $ 27,913 $ 68,841 $ 30,096 $ 38,605 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Point in time Over time Point in time Over time Subscription service $ — $ 143,160 $ — $ 89,700 Hardware 60,992 — 78,991 — Professional service 15,977 24,848 16,467 21,656 Total $ 76,969 $ 168,008 $ 95,458 $ 111,356

Acquisitions

Acquisitions	9 Months Ended
Acquisitions	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	Acquisitions TASK Group Acquisition On July 18, 2024 (New York Time), July 19, 2024 (Sydney Time) (the "TASK Closing Date"), the Company completed its acquisition of TASK Group, pursuant to a court-approved scheme of arrangement. On the TASK Closing Date, the Company paid TASK Group's shareholders approximately $131.5 million in cash consideration, and issued 2,163,393 shares of common stock at a price of $52.70 per share of Company common stock, for a total purchase consideration of $245.5 million. The Company acquired TASK Group to expand its footprint in the international foodservice vertical with TASK Group's Australia-based global foodservice transaction platform that offers international unified commerce solutions and loyalty and engagement solutions. The Company incurred acquisition expenses related to the TASK Group Acquisition of approximately $2.9 million which are included in general and administrative in the condensed consolidated statements of operations. The TASK Group Acquisition was accounted for as a business combination in accordance with Accounting Standards Codification ("ASC") Topic 805, Business Combinations . Accordingly, assets acquired and liabilities assumed have been accounted for at their preliminarily determined respective fair values as of the TASK Closing Date. The fair value determinations were based on management's estimates and assumptions, with the assistance of independent valuation and tax consultants. Preliminary fair values are subject to measurement period adjustments within the permitted measurement period (up to one year from the TASK Closing Date) as management finalizes its procedures and net working capital adjustments (if any) are settled. The following table presents management's preliminary purchase price allocation: (in thousands) Purchase price allocation Cash $ 4,179 Short-term investments 562 Accounts receivable 7,105 Property and equipment 1,030 Lease right-of-use assets 3,418 Developed technology 32,100 Customer relationships 48,000 Trade names 1,800 Prepaid and other acquired assets 1,916 Goodwill 181,442 Total assets 281,552 Accounts payable 4,212 Accrued expenses 3,502 Lease right-of-use liabilities 3,397 Deferred revenue 4,710 Deferred taxes 20,263 Consideration paid $ 245,468 Intangible Assets The Company identified three acquired intangible assets in the TASK Group Acquisition: developed technology; customer relationships; and trade names split across the TASK and Plexure product lines. The preliminary fair values of developed technology and customer relationship intangible assets were determined utilizing the “multi-period excess earnings method”, which method is predicated upon the calculation of the net present value of after-tax net cash flows respectively attributable to each asset. The Company applied a seven-year economic life and discount rate of 12.5% in determining the Plexure developed technology and a seven-year economic life and discount rate of 14.0% in determining the TASK developed technology preliminary intangible fair values. The Company applied a 10.0% estimated annual attrition rate and a discount rate of 14.0% for the TASK customer relationships and applied a 95.0% probability of renewal factor and a discount rate of 12.5% for the Plexure customer relationships intangible preliminary fair values. The preliminary fair value of trade names intangible was determined utilizing the “relief from royalty” approach, which is a form of the income approach that attributes savings recognized from not having to pay a royalty for the use of an asset. The Company applied a fair and reasonable royalty rate of 0.5% and a discount rate of 12.5% for the TASK trade name and a fair and reasonable royalty rate of 0.5% and a discount rate of 14.0% in determining the Plexure trade name intangible preliminary fair values. The estimated useful life of each of the foregoing identifiable intangible assets was preliminarily determined to be: seven years for developed technology; thirteen years for customer relationships; and eight years for the trade names. Goodwill Goodwill represents the excess of consideration transferred for the fair value of net identifiable assets acquired and is tested for impairment at least annually. The goodwill value represents expected synergies from the product acquired and other benefits. It is not deductible for income tax purposes. Deferred Taxes The Company determined the deferred tax position to be recorded at the time of the TASK Group Acquisition in accordance with ASC Topic 740, Income Taxes , resulting in recognition of $20.3 million in deferred tax liabilities for future reversal of taxable temporary differences primarily for intangible assets. Stuzo Acquisition On March 8, 2024, the Company acquired 100% of the outstanding equity interests of Stuzo Blocker, Inc., Stuzo Holdings, LLC and their subsidiaries (collectively, “Stuzo” and such acquisition, the “Stuzo Acquisition”), a digital engagement software provider to convenience and fuel retailers ("C-Stores"), for purchase consideration of approximately $170.5 million paid in cash (the "Cash Consideration"), subject to certain adjustments (including customary adjustments for Stuzo cash, debt, debt-like items, and net working capital), and $19.2 million paid in shares of Company common stock. 441,598 shares of common stock were issued as purchase consideration, determined using a fair value share price of $43.41. The Company acquired Stuzo to expand its footprint in the C-Stores market vertical with Stuzo's industry-leading guest engagement platform (PAR Retail) serving major brands in the space. $1.5 million of the Cash Consideration was deposited into an escrow account administered by a third party to fund potential post-closing adjustments and obligations. During the three months ended September 30, 2024, the escrow account was released in full. The Company incurred acquisition expenses related to the Stuzo Acquisition of approximately $2.9 million which are included in general and administrative in the condensed consolidated statements of operations. The Stuzo Acquisition was accounted for as a business combination in accordance with ASC Topic 805, Business Combinations . Accordingly, assets acquired and liabilities assumed have been accounted for at their preliminarily determined respective fair values as of March 8, 2024, (the "Stuzo Acquisition Date"). The fair value determinations were based on management's estimates and assumptions, with the assistance of independent valuation and tax consultants. Preliminary fair values are subject to measurement period adjustments within the permitted measurement period (up to one year from the Stuzo Acquisition Date) as management finalizes its procedures and net working capital adjustments (if any) are settled. During the three months ended September 30, 2024, preliminary fair values of assets and liabilities as of the Stuzo Acquisition Date were adjusted to reflect ongoing acquisition valuation analyses and net working capital adjustments. These adjustments included changes to accrued expenses and goodwill to reflect changes in underlying fair value assumptions. The Company is in the process of finalizing valuation assumptions for the intangibles and the sales tax liability exposure as of the Stuzo Acquisition Date. The following table presents management's current purchase price allocation and the initial purchase price allocation: (in thousands) Current purchase price allocation Initial purchase price allocation Cash $ 4,244 $ 4,244 Accounts receivable 1,262 2,208 Property and equipment 307 307 Developed technology 18,200 18,200 Customer relationships 39,400 39,000 Trademarks 5,400 6,600 Non-competition agreements 3,500 4,800 Prepaid and other acquired assets 774 774 Goodwill 136,602 132,140 Total assets 209,689 208,273 Accounts payable 317 317 Accrued expenses 4,053 4,459 Deferred revenue 7,680 5,443 Deferred taxes 7,934 8,349 Consideration paid $ 189,705 $ 189,705 Intangible Assets The Company identified four acquired intangible assets in the Stuzo Acquisition: developed technology; customer relationships; trademarks; and non-competition agreements. The preliminary fair values of developed technology and customer relationship intangible assets were determined utilizing the “multi-period excess earnings method”, which method is predicated upon the calculation of the net present value of after-tax net cash flows respectively attributable to each asset. The Company applied a seven-year economic life and discount rate of 12.5% in determining the Stuzo developed technology preliminary intangible fair value and applied a 7.0% estimated annual attrition rate and discount rate of 12.5% in determining the Stuzo customer relationships intangible preliminary fair value. The preliminary fair value of trademarks intangible was determined utilizing the “relief from royalty” approach, which is a form of the income approach that attributes savings recognized from not having to pay a royalty for the use of an asset. The Company applied a fair and reasonable royalty rate of 1.0% and discount rate of 12.5% in determining the trademarks intangible preliminary fair value. The preliminary fair value of the Stuzo non-competition agreements was determined utilizing the discounted earnings method. The estimated useful life of each of the foregoing identifiable intangible assets was preliminarily determined to be: seven years for developed technology; fifteen years for customer relationships related to SaaS platform and related support; five years for customer relationships related to managed platform development services; indefinite for the trademarks; and five years for the non-competition agreements. Goodwill Goodwill represents the excess of consideration transferred for the fair value of net identifiable assets acquired and is tested for impairment at least annually. The goodwill value represents expected synergies from the product acquired and other benefits. It is not deductible for income tax purposes. Deferred Taxes The Company determined the deferred tax position to be recorded at the time of the Stuzo Acquisition in accordance with ASC Topic 740, Income Taxes , resulting in recognition of $7.9 million in deferred tax liabilities for future reversal of taxable temporary differences primarily for intangible assets. The net deferred tax liability relating to the Stuzo Acquisition was determined by the Company to provide future taxable temporary differences that allow for the Company to utilize certain previously fully reserved deferred tax assets. Accordingly, the Company recognized a reduction to its valuation allowance resulting in a net tax benefit of $7.7 million for the nine months ended September 30, 2024. Pro Forma Financial Information - unaudited For the three and nine months ended September 30, 2024, the Stuzo Acquisition resulted in additional revenues of $10.7 million and $23.4 million, respectively, and income before income taxes of $1.6 million and $3.4 million, respectively; and the TASK Group Acquisition resulted in additional revenues of $9.6 million and $9.6 million, respectively, and loss before income taxes of $(0.1) million and $(0.1) million, respectively. The following table summarizes the Company's unaudited pro forma results of operations for the three and nine months ended September 30, 2024 and 2023 as if the TASK Group Acquisition and Stuzo Acquisition had occurred on January 1, 2023: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Total revenue $ 98,999 $ 90,968 $ 279,094 $ 273,100 Net loss from continuing operations (29,862) (19,642) (82,960) (51,922) The unaudited pro forma results presented above are for illustrative purposes only and do not reflect the realization of actual cost savings or any related integration costs. The unaudited pro forma results do not purport to be indicative of the results that would have been obtained, or to be a projection of results that may be obtained in the future. These unaudited pro forma results include certain adjustments, primarily due to increases in amortization expense due to the fair value adjustments of intangible assets, acquisition related costs and the impact of income taxes on the pro forma adjustments. $5.4 million of acquisition costs have been reflected in the 2023 pro forma results.

Discontinued Operations

Discontinued Operations	9 Months Ended
Discontinued Operations	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On June 7, 2024 (the “PGSC Closing Date”), the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Booz Allen Hamilton Inc. ("Booz Allen Hamilton") for the sale of PAR Government Systems Corporation ("PGSC"), a wholly owned subsidiary of the Company. Pursuant to the Purchase Agreement, on the Closing Date, Booz Allen Hamilton acquired 100% of the issued and outstanding shares of common stock of PGSC for a cash purchase price of $95.0 million, before customary post-closing adjustments based on PGSC’s indebtedness, working capital, cash, and transaction expenses at closing. At closing we entered into a transition services agreement with Booz Allen Hamilton pursuant to which the Company and Booz Allen Hamilton provide certain transitional services to each other as contemplated by and subject to the Purchase Agreement. The service period for the transitional services generally ends during the third quarter of 2025. On July 1, 2024 (the "RRC Closing Date"), the Company sold 100% of the issued and outstanding equity interests of Rome Research Corporation ("RRC"), a wholly-owned subsidiary of the Company, to NexTech Solutions Holdings, LLC ("NexTech") for a cash purchase price of $7.0 million, before customary post-closing adjustments based on RRC’s indebtedness, working capital, cash, and transaction expenses at closing. At closing we entered into a transition services agreement with NexTech pursuant to which the Company and NexTech provide certain transitional services to each other as contemplated by and subject to the transition services agreement. The service period for the transitional services generally ends during the third quarter of 2025. The sale of PGSC and RRC comprise the sale of 100% of the Company's Government segment. The Company recognized a pre-tax gain on sale of $77.2 million from the sale of PGSC and RRC in the nine months ended September 30, 2024. Pursuant to the Purchase Agreement, within 120 days following the PGSC Closing Date Booz Allen Hamilton is required to deliver to the Company a closing statement setting forth its determination of net working capital and any resulting net working capital surplus or deficit. To the extent there is an adjustment to net working capital, as agreed to by the Company and Booz Allen Hamilton pursuant to the Purchase Agreement, any such change will be recorded as an adjustment to the gain on sale of discontinued operations for the period such change occurs. Pursuant to the sale of RRC, $0.7 million of the cash purchase price was deposited into an escrow account administered by a third party to fund potential post-closing adjustments and obligations. As of September 30, 2024, the balance in the escrow account remained at $0.7 million. Within 90 days following the RRC Closing Date NexTech is required to deliver to the Company a closing statement setting forth its determination of net working capital and any resulting net working capital surplus or deficit. To the extent there is an adjustment to net working capital, as agreed to by the Company and NexTech pursuant to the sale, any such change will be recorded as an adjustment to the gain on sale of discontinued operations for the period such change occurs. As of September 30, 2024, the Company estimated the federal taxable gain on sale for PGSC and RRC to be $74.6 million, however, we expect to offset the taxable gain through the utilization of several tax benefits including $41.8 million of our net operating loss carryforwards, $22.4 million of our Section 163(j) interest expense limitation carryforwards, and $1.6 million of our research and development tax credits. Additionally, the income tax associated with the gain will be impacted by the final allocation of the sales price, which may be materially different from the Company’s estimates. The impact of changes in estimated income tax (if any) will be recorded as an adjustment to discontinued operations in the period such change in estimate occurs. The Company incurred expenses related to its disposition of PGSC and RRC of approximately $6.9 million which are included in net income from discontinued operations in the condensed consolidated statements of operations. The accounting requirements for reporting the disposition of PGSC and RRC as discontinued operations were met when the disposition of PGSC was completed and the sale of RRC was deemed probable. Accordingly, the historical results of PGSC and RRC have been presented as discontinued operations and, as such, have been excluded from continuing operations for all periods presented. The following table presents the major classes of assets and liabilities of discontinued operations for PGSC and RRC as of December 31, 2023: (in thousands) December 31, 2023 Accounts receivable – net $ 20,703 Other current assets 987 Total current assets 21,690 Noncurrent assets 2,785 Total assets of discontinued operations $ 24,475 Accounts payable 4,209 Accrued salaries and benefits 5,013 Accrued expenses 6,910 Other current liabilities 246 Total current liabilities 16,378 Noncurrent liabilities 1,710 Total liabilities of discontinued operations $ 18,088 The following table presents the major categories of income from discontinued operations: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Contract revenue $ — $ 38,433 $ 66,540 $ 101,301 Contract cost of sales — (34,506) (60,218) (91,970) Operating income from discontinued operations — 3,927 6,322 9,331 General and administrative expense 177 (67) (693) (80) Other expense, net — (111) — (221) Gain on sale of discontinued operations 451 — 77,205 — Income from discontinued operations before provision for income taxes 628 3,749 82,834 9,030 Benefit from (provision for) income taxes 204 (31) (2,147) (57) Net income from discontinued operations $ 832 $ 3,718 $ 80,687 $ 8,973 In accordance with ASC Topic 205, Presentation of Financial Statements , the Company adjusted contract cost of sales to exclude corporate overhead allocated to discontinued operations for all periods presented. The following table presents select non-cash operating and investing activities related to cash flows from discontinued operations: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Depreciation and amortization $ — $ 116 $ 200 $ 347 Capital expenditures — 156 233 370 Stock-based compensation 50 37 1,004 98

Accounts Receivable, net

Accounts Receivable, net	9 Months Ended
Accounts Receivable, net	Sep. 30, 2024
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net At September 30, 2024 and December 31, 2023, the Company had current expected credit losses of $3.6 million and $1.9 million, respectively, against accounts receivable. Changes in the current expected credit loss for the nine months ended September 30 were: (in thousands) 2024 2023 Beginning Balance - January 1 $ 1,949 $ 2,134 Provisions 2,439 783 Write-offs (763) (734) Ending Balance - September 30 $ 3,625 $ 2,183

Inventories, net

Inventories, net	9 Months Ended
Inventories, net	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net The components of inventory, adjusted for reserves, consisted of the following: (in thousands) September 30, 2024 December 31, 2023 Finished goods $ 15,389 $ 13,530 Work in process 185 216 Component parts 7,793 9,147 Service parts 548 667 Inventories, net $ 23,915 $ 23,560 At September 30, 2024 and December 31, 2023, the Company had excess and obsolescence reserves of $8.9 million and $9.0 million, respectively, against inventories.

Identifiable Intangible Assets

Identifiable Intangible Assets and Goodwill	9 Months Ended
Identifiable Intangible Assets and Goodwill	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Identifiable Intangible Assets and Goodwill	Identifiable Intangible Assets and Goodwill The Company's identifiable intangible assets represent intangible assets acquired in acquisitions and software development costs. The components of identifiable intangible assets are: (in thousands) September 30, 2024 December 31, 2023 Estimated Weighted-Average Amortization Period Acquired developed technology $ 173,889 $ 119,800 3 - 7 years 5.40 years Internally developed software costs 37,913 34,735 3 years 2.76 years Customer relationships 101,910 14,510 5 - 15 years 11.26 years Trade names 3,210 1,410 2 - 8 years 7.73 years Non-competition agreements 3,530 30 1 - 5 years 4.5 years 320,452 170,485 Impact of currency translation on intangible assets 1,376 1,399 Less: accumulated amortization (110,900) (87,001) 210,928 84,883 Internally developed software costs not meeting general release threshold 3,923 2,886 Trademarks, trade names (non-amortizable) 11,200 6,200 Indefinite $ 226,051 $ 93,969 Software costs placed into service during the three months ended September 30, 2024 and 2023, were $1.3 million and $0.3 million, respectively. Software costs placed into service during the nine months ended September 30, 2024 and 2023, were $3.2 million and $2.4 million, respectively. The following table summarizes amortization expense for acquired developed technology and internally developed software: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Amortization of acquired developed technology $ 5,660 $ 4,020 $ 14,628 $ 12,160 Amortization of internally developed software 1,168 1,460 3,591 4,606 Amortization of identifiable intangible assets recorded in cost of sales 6,828 5,480 18,219 16,766 Amortization expense recorded in operating expenses 2,699 464 5,577 1,393 Impact of foreign currency translation on intangible assets (484) 215 126 (126) The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software development costs not meeting the general release threshold is: (in thousands) 2024, remaining $ 9,910 2025 38,423 2026 36,411 2027 32,163 2028 22,123 Thereafter 71,898 Total $ 210,928 Goodwill carried is as follows: (in thousands) 2024 2023 Beginning balance - January 1 $ 488,918 $ 486,026 Stuzo Acquisition 136,602 — TASK Group Acquisition 181,442 — Foreign currency translation (3,878) 311 Ending balance - September 30 $ 803,084 $ 486,337

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt In connection with, and to partially fund the TASK Group Acquisition, on July 5, 2024, the Company entered into a credit agreement (the "Credit Agreement"), as the borrower, with certain of its U.S. subsidiaries, as guarantors, the lenders party thereto, Blue Owl Capital Corporation, as administrative agent and collateral agent, and Blue Owl Credit Advisors, LLC, as lead arranger and bookrunner, that provides for a term loan in an initial aggregate principal amount of $90.0 million (the "Credit Facility" and, the loans thereunder, the “Term Loans”). The Credit Facility matures on the earlier of (i) July 5, 2029 and (ii) the date on which the Company's 1.50% Convertible Senior Notes due 2027 (the "2027 Notes") become due and payable in accordance with their terms. The Term Loans bear interest at a rate equal to either of the following, as selected by the Company: (i) an alternate base rate plus an applicable margin of 4.50%, 4.00% or 3.50% based on a total net recurring revenue leverage ratio, or (ii) a secured overnight financing rate plus an applicable margin of 5.50%, 5.00% or 4.50% based on a total net recurring revenue leverage ratio. Voluntary prepayments of the Term Loans, as well as certain mandatory prepayments of the Term Loans, require payment of a prepayment premium of 4.0% during the first year of the Credit Facility, 3.0% during the second year of the Credit Facility, and 1.0% during the third year of the Credit Facility. Under the Credit Agreement, on a quarterly basis commencing with the fiscal quarter ended December 31, 2024, the Company is required to maintain liquidity of at least $20.0 million and a total net annual recurring revenue leverage ratio of no greater than 1.25 to 1.00. The following table summarizes information about the net carrying amounts of long-term debt as of September 30, 2024: (in thousands) 2026 Notes 2027 Notes Credit Facility Total Principal amount of notes outstanding $ 120,000 $ 265,000 $ 90,000 $ 475,000 Unamortized debt issuance cost (1,251) (4,551) (1,164) (6,966) Unamortized discount — — (1,299) (1,299) Total notes payable $ 118,749 $ 260,449 $ 87,537 $ 466,735 The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2023: (in thousands) 2026 Notes 2027 Notes Total Principal amount of notes outstanding $ 120,000 $ 265,000 $ 385,000 Unamortized debt issuance cost (1,811) (5,542) (7,353) Total notes payable $ 118,189 $ 259,458 $ 377,647 The following table summarizes interest expense recognized on the long-term debt: Three Months Nine Months Ended (in thousands) 2024 2023 2024 2023 Contractual interest expense $ 3,963 $ 2,554 $ 7,676 $ 6,016 Amortization of debt issuance costs 623 541 1,647 1,594 Amortization of discount 108 — 108 — Total interest expense $ 4,694 $ 3,095 $ 9,431 $ 7,610 The following table summarizes the future principal payments as of September 30, 2024: (in thousands) 2024, remaining $ — 2025 — 2026 120,000 2027 355,000 2028 — Thereafter — Total $ 475,000

Common Stock

Common Stock	9 Months Ended
Common Stock	Sep. 30, 2024
Equity [Abstract]
Common Stock	Common Stock In connection with, and to partially fund the Cash Consideration related to the Stuzo Acquisition, on March 7, 2024, the Company entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with funds and accounts advised by T. Rowe Price Investment Management, Inc., ADW Capital, Voss Capital, Greenhaven Road Capital, Jane Street, Progeny 3, Fund 1 Investments LLC, Newtyn Capital, Ghisallo Capital Management and Burkehill Global Management (collectively, the “Purchasers”) to raise approximately $200 million through a private placement of PAR common stock. Pursuant to the Securities Purchase Agreement, PAR issued and sold 5,174,638 shares of its common stock at a 10% discount to the Purchasers for a gross purchase price of approximately $200 million ($38.65 per share). Net proceeds from the Securities Purchase Agreement were approximately $194.4 million, net of issuance costs of $5.5 million. On January 2, 2024, the Company entered into a consulting agreement with PAR Act III, LLC ("PAR Act III") pursuant to which PAR Act III provides the Company with strategic consulting, merger and acquisition technology due diligence, and other professional and expert services that may be requested from time to time by the Company’s Chief Executive Officer through April 8, 2026. In consideration for the services provided under the consulting agreement, the Company amended its common stock purchase warrant issued to PAR Act III on April 8, 2021 (the "Warrant") to extend the termination date of the Warrant to April 8, 2028, subject to the consulting agreement remaining in effect through April 8, 2026. The issuance date fair value of the Warrant extension was determined to be $4.5 million based on using the Black-Scholes model with the following assumptions as of January 2, 2024: Original Warrant Modified Warrant Expected term 2.25 years 4.25 years Risk free interest rate 4.33 % 3.93 % Expected volatility 55.01 % 63.39 % Expected dividend yield None None Fair value (per warrant) $ 7.36 $ 16.21 In connection with the Company's private placement of its common stock on March 7, 2024 to partially fund the Stuzo Acquisition, an additional 6,312 shares of common stock are available for purchase under the Warrant, increasing the total to 510,287 shares of common stock available for purchase at an exercise price of $74.96 per share. The Warrant is accounted for as stock-based compensation to non-employees pursuant to ASC Topic 718, Stock Compensation, by way of ASC Topic 815, Derivatives and Hedging , due to the Warrant extension being in exchange for consulting services. The issuance date fair value of the Warrant extension of $4.5 million will be recognized as stock-based compensation expense ratably over the requisite service period for the Warrant extension ending April 8, 2026.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense, net of forfeitures and adjustments of zero and $0.1 million, was $5.9 million and $3.9 million for the three months ended September 30, 2024 and 2023, respectively. Stock-based compensation expense, net of forfeitures and adjustments of $0.2 million and $0.4 million, was $16.6 million and $10.5 million for the nine months ended September 30, 2024 and 2023, respectively. At September 30, 2024, the aggregate unrecognized compensation expense related to unvested equity awards was $32.3 million, which is expected to be recognized as compensation expense in fiscal years 2024 through 2027. A summary of stock option activity for the nine months ended September 30, 2024 is below: (in thousands, except for weighted average exercise price) Options outstanding Weighted Outstanding at January 1, 2024 920 $ 13.04 Exercised (174) 12.03 Canceled/forfeited (16) 13.22 Outstanding at September 30, 2024 730 $ 13.28 A summary of unvested restricted stock units activity for the nine months ended September 30, 2024 is below: (in thousands, except for weighted average award value) Restricted Stock Weighted Outstanding at January 1, 2024 839 $ 35.83 Granted 587 47.60 Vested (407) 33.95 Canceled/forfeited (94) 37.30 Outstanding at September 30, 2024 925 $ 42.49

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
Net Income (Loss) Per Share	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Net income (loss) per share is calculated in accordance with ASC Topic 260, Earnings per Share

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesFrom time to time, the Company is party to legal proceedings arising in the ordinary course of business. Based on information currently available, and based on its evaluation of such information, the Company believes the legal proceedings in which it is currently involved are not material or are not likely to result in a material adverse effect on the Company’s business, financial condition or results of operations, or cannot currently be estimated.

Geographic Information and Cust

Geographic Information and Customer Concentration	9 Months Ended
Geographic Information and Customer Concentration	Sep. 30, 2024
Segment Reporting [Abstract]
Geographic Information and Customer Concentration	Geographic Information and Customer Concentration The following table represents revenues by country based on the location of the revenue: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 United States $ 81,638 $ 62,279 $ 219,353 $ 190,223 International 15,116 6,422 25,624 16,591 Total $ 96,754 $ 68,701 $ 244,977 $ 206,814 The following table represents assets by country based on the location of the assets: (in thousands) September 30, 2024 December 31, 2023 United States $ 984,773 $ 767,894 International 314,501 34,712 Total $ 1,299,274 $ 802,606 Customers comprising 10% or more of the Company’s total revenues are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 McDonald’s Corporation 18 % 11 % 13 % 12 % Yum! Brands, Inc. 8 % 14 % 9 % 14 % Dairy Queen 7 % 10 % 8 % 11 % All Others 67 % 65 % 70 % 63 % Total 100 % 100 % 100 % 100 % No other customer within "All Others" represented 10% or more of the Company’s total revenue for the three and nine months ended September 30, 2024 or 2023.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments have been recorded at fair value using available market information and valuation techniques. The fair value hierarchy is based upon three levels of input, which are: Level 1 — quoted prices in active markets for identical assets or liabilities (observable) Level 2 — inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in inactive markets, or other inputs that are observable market data for essentially the full term of the asset or liability (observable) Level 3 — unobservable inputs that are supported by little or no market activity, but are significant to determining the fair value of the asset or liability (unobservable) The Company’s financial instruments primarily consist of cash and cash equivalents, cash held on behalf of customers, short-term investments, debt instruments and deferred compensation assets and liabilities. The carrying amounts of cash and cash equivalents, cash held on behalf of customers, and short-term investments as of September 30, 2024 and December 31, 2023 were considered representative of their fair values because of their short-term nature and are classified as Level 1 of the fair value hierarchy. Debt instruments are recorded at principal amount net of unamortized debt issuance cost and discount (refer to "Note 8 - Debt" for additional information). The estimated fair value of the 2.875% Convertible Senior Notes due 2026 (the "2026 Notes"), 1.50% Convertible Senior Notes due 2027 (the "2027 Notes"), and the Credit Facility at September 30, 2024 was $161.5 million, $264.4 million, and $88.7 million respectively. As the Credit Facility has a variable interest rate and has no equity component, the book value of the Credit Facility is equal to the fair value. The estimated fair value of the 2026 Notes and 2027 Notes at December 31, 2023 was $145.6 million and $236.1 million respectively. The valuation techniques used to determine the fair value of the Company's long-term debt are classified in Level 2 of the fair value hierarchy as they are derived from broker quotations. Deferred compensation assets and liabilities primarily relate to the Company’s deferred compensation plan, which allows for pre-tax salary deferrals for certain employees. Changes in the fair value of the deferred compensation liabilities are derived using quoted prices in active markets of the asset selections made by plan participants. Deferred compensation liabilities are classified in Level 2, the fair value classification as defined under FASB ASC Topic 820, Fair Value Measurements , because their inputs are derived principally from observable market data by correlation to the hypothetical investments. The Company holds insurance investments to partially offset the Company’s liabilities under its deferred compensation plan, which are recorded at fair value each period using the cash surrender value of the insurance investments. The cash surrender value of the life insurance policy was zero and $3.3 million at September 30, 2024 and December 31, 2023, respectively, and is included in other assets on the condensed consolidated balance sheets. Amounts owed to employees participating in the deferred compensation plan at September 30, 2024 were $0.1 million compared to $0.4 million at December 31, 2023 and are included in other long-term liabilities on the condensed consolidated balance sheets. The Company uses a Monte Carlo simulation of a discounted cash flow model to determine the fair value of the earn-out liability associated with the acquisition of MENU Technologies AG (the "MENU Acquisition"). Significant inputs used in the simulation are not observable in the market and thus the liability represents a Level 3 fair value measurement as defined in ASC 820. Ultimately, the liability will be equivalent to the amount paid, and the difference between the fair value estimate and amount paid will be recorded in earnings. The amount paid that is less than or equal to the liability on the acquisition date will be reflected as cash used in financing activities in the Company's condensed consolidated statements of cash flows. Any amount paid in excess of the liability on the acquisition date will be reflected as cash used in operating activities. During the three months ended June 30, 2024, the Company determined that there would be no earn-out payment related to the MENU Acquisition. As such, the Company reduced the fair value of the earn-out liability to zero. The earn-out period expired on July 31, 2024 with no payment made. The following table presents the changes in the estimated fair values of the Company’s liabilities for contingent consideration measured using significant unobservable inputs (Level 3) for the nine months ended September 30: (in thousands) 2024 2023 Balance at January 1 $ 600 $ 9,800 Change in fair value of contingent consideration (600) (7,500) Balance at September 30 $ — $ 2,300 The balance of the fair value of the liability was recorded within "Accrued expenses" in the condensed consolidated balance sheets. The change in fair value of contingent consideration was recorded within " Adjustment to contingent consideration liability The following table provides quantitative information associated with the fair value measurement of the Company’s liabilities for contingent consideration as of December 31, 2023: Contingency Type Maximum Payout (1) (undiscounted) (in thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Average or Range Revenue based payments $ 5,600 $ 600 Monte Carlo Revenue volatility 25.0 % Discount rate 11.5 % Projected year of payments 2024 (1)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ (19,832)	$ 54,190	$ (18,288)	$ (15,516)	$ (19,702)	$ (15,905)	$ 16,070	$ (51,123)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements of PAR Technology Corporation and its consolidated subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and the instructions to Form 10-Q and Regulation S-X pertaining to interim financial statements as promulgated by the SEC. In the opinion of management, the Company's financial statements include all normal and recurring adjustments necessary in order to make the financial statements not misleading and to provide a fair presentation of the Company's financial results for the interim period included in this Quarterly Report. Interim results are not necessarily indicative of results for the full year or any future periods. The information included in this Quarterly Report should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “2023 Annual Report”).
Use of Estimates	Use of Estimates The preparation of the financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to these estimates and assumptions include revenue recognition, stock-based compensation, the recognition and measurement of assets acquired and liabilities assumed in business combinations at fair value, the carrying amount of property, plant, and equipment including right-to-use assets and liabilities, identifiable intangible assets and goodwill, valuation allowances for receivables, valuation of excess and obsolete inventories, and measurement of contingent consideration at fair value. Actual results could differ from those estimates.
Cash and Cash Equivalents and Cash Held on Behalf of Customers	Cash and Cash Equivalents and Cash Held on Behalf of Customers The Company maintained bank balances that, at times, exceeded the federally insured limit during the nine months ended September 30, 2024. The Company did not experience losses relating to these deposits and management does not believe that the Company is exposed to any significant credit risk with respect to these amounts.
Discontinued Operations	Discontinued Operations In determining whether a group of assets disposed of (or is to be disposed of) should be presented as a discontinued operation, the Company analyzes whether the group of assets disposed of represented a component of the entity; that is, whether it had historic operations and cash flows that were discrete both operationally and for financial reporting purposes. In addition, the Company considers whether the disposal represents a strategic shift that has or will have a major effect on the Company’s operations and financial results. The assets and liabilities of a discontinued operation, other than goodwill, are measured at the lower of carrying amount or fair value, less cost to sell. When a portion of a reporting unit that constitutes a business is to be disposed of, the goodwill associated with that business is included in the carrying amount of the business based on the relative fair values of the business to be disposed of and the portion of the reporting unit that will be retained. Interest is allocated to discontinued operations if the interest is directly attributable to the discontinued operations or is interest on debt that is required to be repaid as a result of the disposal.
Other assets	Other Assets Other assets include deferred implementation costs of $7.9 million and $8.8 million and deferred commissions of $3.6 million and $2.6 million at September 30, 2024 and December 31, 2023, respectively. The following table summarizes amortization expense for deferred implementation costs and deferred commissions: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Amortization of deferred implementation costs $ 1,569 $ 1,271 $ 4,612 $ 3,409 Amortization of deferred commissions 430 226 1,235 617
Other Long-Term Liabilities	Other Long-Term Liabilities Other long-term liabilities include deferred tax liabilities of $22.7 million and $0.8 million at September 30, 2024 and December 31, 2023, respectively.
Related Party Transactions	Related Party Transactions During the nine months ended September 30, 2023, Ronald Shaich, the sole member of Act III Management LLC ("Act III Management"), served as a strategic advisor to the Company's board of directors pursuant to a strategic advisor agreement, which terminated on June 1, 2023. Keith Pascal, a director of the Company, is an employee of Act III Management and serves as its vice president and secretary. Mr. Pascal does not have an ownership interest in Act III Management. As of September 30, 2024 and December 31, 2023, the Company had zero accounts payable owed to Act III Management. During the three months ended September 30, 2024 and 2023, the Company paid Act III Management zero and during the nine months ended September 30, 2024 and 2023 the Company paid Act III Management zero and $0.1 million, respectively, for services performed under the strategic advisor agreement. In connection with the acquisition of TASK Group Holdings Limited (“TASK Group” and such acquisition, the "TASK Group Acquisition"), the Company leases an Australian office from the Houden Superannuation Fund. The trustees and beneficiaries of the Houden Superannuation Fund include two executives of TASK Group. The Australian office has been occupied by the TASK Group since 2005 with the last rent increase occurring in March 2021 based on an independent review of comparable market rent. During the three months ended September 30, 2024, the Company paid the Houden Superannuation Fund $0.1 million in rent. The Company had zero accounts payable owed to the Houden Superannuation Fund as of September 30, 2024.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements There were no recent accounting pronouncements or changes in accounting pronouncements during the nine months ended September 30, 2024 that are of significance or potential significance to the Company.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents and Cash Held on Behalf of Customers	Cash and cash equivalents and cash held on behalf of customers consist of the following: (in thousands) September 30, 2024 December 31, 2023 Cash and cash equivalents Cash $ 103,643 $ 37,143 Money market funds 2,161 40 Cash held on behalf of customers 15,266 10,170 Total cash and cash equivalents and cash held on behalf of customers $ 121,070 $ 47,353
Schedule of Short-Term Investment	The carrying value of investment securities consist of the following: (in thousands) September 30, 2024 December 31, 2023 Short-term investments Treasury bills and notes $ 11,985 $ 37,194 Short-term deposits 593 — Total short-term investments $ 12,578 $ 37,194
Schedule of Amortization Expense for Deferred Implementation Costs and Deferred Commissions	The following table summarizes amortization expense for deferred implementation costs and deferred commissions: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Amortization of deferred implementation costs $ 1,569 $ 1,271 $ 4,612 $ 3,409 Amortization of deferred commissions 430 226 1,235 617

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Performance Obligations	Deferred revenue is as follows: (in thousands) September 30, 2024 December 31, 2023 Current $ 28,777 $ 7,250 Non-current 1,733 4,204 Total $ 30,510 $ 11,454 The changes in deferred revenue, inclusive of both current and long-term, are as follows: (in thousands) 2024 2023 Beginning balance - January 1 $ 11,454 $ 13,584 Acquired deferred revenue (Note 3) 12,391 — Recognition of deferred revenue (73,706) (19,074) Deferral of revenue 79,911 17,889 Impact of foreign currency translation on deferred revenue 460 — Ending balance - September 30 $ 30,510 $ 12,399
Schedule of Disaggregated Revenue	The Company disaggregates revenue from contracts with customers by major product line because the Company believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by contract terms and economic factors. Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Point in time Over time Point in time Over time Subscription service $ — $ 59,909 $ — $ 31,363 Hardware 22,650 — 25,824 — Professional service 5,263 8,932 4,272 7,242 Total $ 27,913 $ 68,841 $ 30,096 $ 38,605 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Point in time Over time Point in time Over time Subscription service $ — $ 143,160 $ — $ 89,700 Hardware 60,992 — 78,991 — Professional service 15,977 24,848 16,467 21,656 Total $ 76,969 $ 168,008 $ 95,458 $ 111,356

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
Acquisition (Tables)	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Pro Forma Financial Information	The following table presents management's preliminary purchase price allocation: (in thousands) Purchase price allocation Cash $ 4,179 Short-term investments 562 Accounts receivable 7,105 Property and equipment 1,030 Lease right-of-use assets 3,418 Developed technology 32,100 Customer relationships 48,000 Trade names 1,800 Prepaid and other acquired assets 1,916 Goodwill 181,442 Total assets 281,552 Accounts payable 4,212 Accrued expenses 3,502 Lease right-of-use liabilities 3,397 Deferred revenue 4,710 Deferred taxes 20,263 Consideration paid $ 245,468 The following table presents management's current purchase price allocation and the initial purchase price allocation: (in thousands) Current purchase price allocation Initial purchase price allocation Cash $ 4,244 $ 4,244 Accounts receivable 1,262 2,208 Property and equipment 307 307 Developed technology 18,200 18,200 Customer relationships 39,400 39,000 Trademarks 5,400 6,600 Non-competition agreements 3,500 4,800 Prepaid and other acquired assets 774 774 Goodwill 136,602 132,140 Total assets 209,689 208,273 Accounts payable 317 317 Accrued expenses 4,053 4,459 Deferred revenue 7,680 5,443 Deferred taxes 7,934 8,349 Consideration paid $ 189,705 $ 189,705
Schedule of Pro Forma Financial Information	The following table summarizes the Company's unaudited pro forma results of operations for the three and nine months ended September 30, 2024 and 2023 as if the TASK Group Acquisition and Stuzo Acquisition had occurred on January 1, 2023: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Total revenue $ 98,999 $ 90,968 $ 279,094 $ 273,100 Net loss from continuing operations (29,862) (19,642) (82,960) (51,922)

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
Discontinued Operations (Tables)	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Carrying Amount of Net Assets Classified as Held for Sale	The following table presents the major classes of assets and liabilities of discontinued operations for PGSC and RRC as of December 31, 2023: (in thousands) December 31, 2023 Accounts receivable – net $ 20,703 Other current assets 987 Total current assets 21,690 Noncurrent assets 2,785 Total assets of discontinued operations $ 24,475 Accounts payable 4,209 Accrued salaries and benefits 5,013 Accrued expenses 6,910 Other current liabilities 246 Total current liabilities 16,378 Noncurrent liabilities 1,710 Total liabilities of discontinued operations $ 18,088 The following table presents the major categories of income from discontinued operations: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Contract revenue $ — $ 38,433 $ 66,540 $ 101,301 Contract cost of sales — (34,506) (60,218) (91,970) Operating income from discontinued operations — 3,927 6,322 9,331 General and administrative expense 177 (67) (693) (80) Other expense, net — (111) — (221) Gain on sale of discontinued operations 451 — 77,205 — Income from discontinued operations before provision for income taxes 628 3,749 82,834 9,030 Benefit from (provision for) income taxes 204 (31) (2,147) (57) Net income from discontinued operations $ 832 $ 3,718 $ 80,687 $ 8,973 The following table presents select non-cash operating and investing activities related to cash flows from discontinued operations: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Depreciation and amortization $ — $ 116 $ 200 $ 347 Capital expenditures — 156 233 370 Stock-based compensation 50 37 1,004 98

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	9 Months Ended
Accounts Receivable, net (Tables)	Sep. 30, 2024
Receivables [Abstract]
Schedule of Accounts Receivable, Allowance for Credit Loss	Changes in the current expected credit loss for the nine months ended September 30 were: (in thousands) 2024 2023 Beginning Balance - January 1 $ 1,949 $ 2,134 Provisions 2,439 783 Write-offs (763) (734) Ending Balance - September 30 $ 3,625 $ 2,183

Inventories, net (Tables)

Inventories, net (Tables)	9 Months Ended
Inventories, net (Tables)	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Components of Inventory	The components of inventory, adjusted for reserves, consisted of the following: (in thousands) September 30, 2024 December 31, 2023 Finished goods $ 15,389 $ 13,530 Work in process 185 216 Component parts 7,793 9,147 Service parts 548 667 Inventories, net $ 23,915 $ 23,560

Identifiable Intangible Asset_2

Identifiable Intangible Assets and Goodwill (Tables)	9 Months Ended
Identifiable Intangible Assets and Goodwill (Tables)	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Components of Identifiable Intangible Assets	The components of identifiable intangible assets are: (in thousands) September 30, 2024 December 31, 2023 Estimated Weighted-Average Amortization Period Acquired developed technology $ 173,889 $ 119,800 3 - 7 years 5.40 years Internally developed software costs 37,913 34,735 3 years 2.76 years Customer relationships 101,910 14,510 5 - 15 years 11.26 years Trade names 3,210 1,410 2 - 8 years 7.73 years Non-competition agreements 3,530 30 1 - 5 years 4.5 years 320,452 170,485 Impact of currency translation on intangible assets 1,376 1,399 Less: accumulated amortization (110,900) (87,001) 210,928 84,883 Internally developed software costs not meeting general release threshold 3,923 2,886 Trademarks, trade names (non-amortizable) 11,200 6,200 Indefinite $ 226,051 $ 93,969
Schedule of Amortization Expense	The following table summarizes amortization expense for acquired developed technology and internally developed software: Three Months Ended September 30, Nine Months Ended (in thousands) 2024 2023 2024 2023 Amortization of acquired developed technology $ 5,660 $ 4,020 $ 14,628 $ 12,160 Amortization of internally developed software 1,168 1,460 3,591 4,606 Amortization of identifiable intangible assets recorded in cost of sales 6,828 5,480 18,219 16,766 Amortization expense recorded in operating expenses 2,699 464 5,577 1,393 Impact of foreign currency translation on intangible assets (484) 215 126 (126)
Schedule of Expected 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 development costs not meeting the general release threshold is: (in thousands) 2024, remaining $ 9,910 2025 38,423 2026 36,411 2027 32,163 2028 22,123 Thereafter 71,898 Total $ 210,928
Schedule of Goodwill	Goodwill carried is as follows: (in thousands) 2024 2023 Beginning balance - January 1 $ 488,918 $ 486,026 Stuzo Acquisition 136,602 — TASK Group Acquisition 181,442 — Foreign currency translation (3,878) 311 Ending balance - September 30 $ 803,084 $ 486,337

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes information about the net carrying amounts of long-term debt as of September 30, 2024: (in thousands) 2026 Notes 2027 Notes Credit Facility Total Principal amount of notes outstanding $ 120,000 $ 265,000 $ 90,000 $ 475,000 Unamortized debt issuance cost (1,251) (4,551) (1,164) (6,966) Unamortized discount — — (1,299) (1,299) Total notes payable $ 118,749 $ 260,449 $ 87,537 $ 466,735 The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2023: (in thousands) 2026 Notes 2027 Notes Total Principal amount of notes outstanding $ 120,000 $ 265,000 $ 385,000 Unamortized debt issuance cost (1,811) (5,542) (7,353) Total notes payable $ 118,189 $ 259,458 $ 377,647
Summary of Equity and Liability Components of the Notes	The following table summarizes interest expense recognized on the long-term debt: Three Months Nine Months Ended (in thousands) 2024 2023 2024 2023 Contractual interest expense $ 3,963 $ 2,554 $ 7,676 $ 6,016 Amortization of debt issuance costs 623 541 1,647 1,594 Amortization of discount 108 — 108 — Total interest expense $ 4,694 $ 3,095 $ 9,431 $ 7,610
Schedule of Maturities of Long-term Debt	The following table summarizes the future principal payments as of September 30, 2024: (in thousands) 2024, remaining $ — 2025 — 2026 120,000 2027 355,000 2028 — Thereafter — Total $ 475,000

Common Stock (Tables)

Common Stock (Tables)	9 Months Ended
Common Stock (Tables)	Sep. 30, 2024
Equity [Abstract]
Schedule of Assumptions for Fair Value of Options at the Date of the Grant	The issuance date fair value of the Warrant extension was determined to be $4.5 million based on using the Black-Scholes model with the following assumptions as of January 2, 2024: Original Warrant Modified Warrant Expected term 2.25 years 4.25 years Risk free interest rate 4.33 % 3.93 % Expected volatility 55.01 % 63.39 % Expected dividend yield None None Fair value (per warrant) $ 7.36 $ 16.21

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity for the nine months ended September 30, 2024 is below: (in thousands, except for weighted average exercise price) Options outstanding Weighted Outstanding at January 1, 2024 920 $ 13.04 Exercised (174) 12.03 Canceled/forfeited (16) 13.22 Outstanding at September 30, 2024 730 $ 13.28
Schedule of Unvested Restricted Stock Units Activity	A summary of unvested restricted stock units activity for the nine months ended September 30, 2024 is below: (in thousands, except for weighted average award value) Restricted Stock Weighted Outstanding at January 1, 2024 839 $ 35.83 Granted 587 47.60 Vested (407) 33.95 Canceled/forfeited (94) 37.30 Outstanding at September 30, 2024 925 $ 42.49

Geographic Information and Cu_2

Geographic Information and Customer Concentration (Tables)	9 Months Ended
Geographic Information and Customer Concentration (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Information of the Company's Segments	The following table represents revenues by country based on the location of the revenue: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 United States $ 81,638 $ 62,279 $ 219,353 $ 190,223 International 15,116 6,422 25,624 16,591 Total $ 96,754 $ 68,701 $ 244,977 $ 206,814
Schedule of Revenue by Geographic Area	The following table represents assets by country based on the location of the assets: (in thousands) September 30, 2024 December 31, 2023 United States $ 984,773 $ 767,894 International 314,501 34,712 Total $ 1,299,274 $ 802,606
Schedule of Revenue by Major Customers	Customers comprising 10% or more of the Company’s total revenues are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 McDonald’s Corporation 18 % 11 % 13 % 12 % Yum! Brands, Inc. 8 % 14 % 9 % 14 % Dairy Queen 7 % 10 % 8 % 11 % All Others 67 % 65 % 70 % 63 % Total 100 % 100 % 100 % 100 %

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Changes in Fair Value of the Company's Level 3 Liabilities , That Are Measured Using Significant Unobservable Inputs (Level 3)	The following table presents the changes in the estimated fair values of the Company’s liabilities for contingent consideration measured using significant unobservable inputs (Level 3) for the nine months ended September 30: (in thousands) 2024 2023 Balance at January 1 $ 600 $ 9,800 Change in fair value of contingent consideration (600) (7,500) Balance at September 30 $ — $ 2,300
Schedule of Fair Value, Liabilities Measured on Recurring Basis	The following table provides quantitative information associated with the fair value measurement of the Company’s liabilities for contingent consideration as of December 31, 2023: Contingency Type Maximum Payout (1) (undiscounted) (in thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Average or Range Revenue based payments $ 5,600 $ 600 Monte Carlo Revenue volatility 25.0 % Discount rate 11.5 % Projected year of payments 2024 (1)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($) reporting_unit	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Number of operating segments (in reporting units) \| reporting_unit		1
Number of reportable segments (in reporting units) \| reporting_unit		1
Deferred costs and other assets	$ 7,900,000	$ 7,900,000		$ 8,800,000
Deferred commission	3,600,000	3,600,000		2,600,000
Life insurance balance	0	0		3,300,000
Deferred tax liabilities	22,700,000	22,700,000		800,000
Deferred compensation liability	100,000	100,000		400,000
Proceeds from insurance settlement		100,000	$ 500,000
Impairment loss	200,000
Developed Technology Rights \| Director
Related Party Transaction [Line Items]
Accounts payable	0	0		$ 0
Master Development Agreement \| Director
Related Party Transaction [Line Items]
Amount paid for services to act III management	0	0	$ 100,000
Houden Superannuation \| Director
Related Party Transaction [Line Items]
Accounts payable	0	$ 0
Rent paid	$ 100,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Cash and Cash Equivalents and Cash Held on Behalf of Customers (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Accounting Policies [Abstract]
Cash	$ 103,643	$ 37,143
Money market funds	2,161	40
Cash held on behalf of customers	15,266	10,170	$ 8,758
Total cash and cash equivalents and cash held on behalf of customers	$ 121,070	$ 47,353

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Short-Term Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Total short-term investments	$ 12,578	$ 37,194
Treasury bills and notes
Summary of Investment Holdings [Line Items]
Total short-term investments	11,985	37,194
Short-term deposits
Summary of Investment Holdings [Line Items]
Total short-term investments	$ 593	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Amortization Expense for Deferred Implementation Costs and Deferred Commissions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Amortization of deferred implementation costs	$ 1,569	$ 1,271	$ 4,612	$ 3,409
Amortization of deferred commissions	$ 430	$ 226	$ 1,235	$ 617

Revenue Recognition - Performan

Revenue Recognition - Performance Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations	$ 30,510	$ 11,454	$ 12,399	$ 13,584
Current
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations	28,777	7,250
Non-current
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations	$ 1,733	$ 4,204

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Customer deposits	$ 1.7	$ 2	$ 1.7	$ 2
Recognition of deferred revenue	$ 1.4	$ 2.7	$ 6.3	$ 8.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Disaggregation of Revenue [Line Items]
Performance obligations, period	60 months		60 months
Performance obligation, percentage	100%		100%
Non-current \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Disaggregation of Revenue [Line Items]
Performance obligations, period	36 months		36 months

Revenue Recognition - Deferred

Revenue Recognition - Deferred Revenue for Long-term (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue, Remaining Performance Obligation [Roll Forward]
Beginning balance - January 1	$ 11,454	$ 13,584
Acquired deferred revenue (Note 3)	12,391	0
Recognition of deferred revenue	(73,706)	(19,074)
Deferral of revenue	79,911	17,889
Impact of foreign currency translation on deferred revenue	460	0
Ending balance - September 30	$ 30,510	$ 12,399

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 96,754	$ 68,701	$ 244,977	$ 206,814
Point in Time
Disaggregation of Revenue [Line Items]
Revenue	27,913	30,096	76,969	95,458
Over Time
Disaggregation of Revenue [Line Items]
Revenue	68,841	38,605	168,008	111,356
Subscription service
Disaggregation of Revenue [Line Items]
Revenue	59,909	31,363	143,160	89,700
Subscription service \| Point in Time
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Subscription service \| Over Time
Disaggregation of Revenue [Line Items]
Revenue	59,909	31,363	143,160	89,700
Hardware
Disaggregation of Revenue [Line Items]
Revenue	22,650	25,824	60,992	78,991
Hardware \| Point in Time
Disaggregation of Revenue [Line Items]
Revenue	22,650	25,824	60,992	78,991
Hardware \| Over Time
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Professional service
Disaggregation of Revenue [Line Items]
Revenue	14,195	11,514	40,825	38,123
Professional service \| Point in Time
Disaggregation of Revenue [Line Items]
Revenue	5,263	4,272	15,977	16,467
Professional service \| Over Time
Disaggregation of Revenue [Line Items]
Revenue	$ 8,932	$ 7,242	$ 24,848	$ 21,656

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ / shares in Units, $ in Thousands			3 Months Ended		9 Months Ended
	Jul. 18, 2024 USD ($) intangibleAsset $ / shares shares	Mar. 08, 2024 USD ($) intangibleAsset $ / shares shares	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Business Acquisition [Line Items]
Income tax expense (benefit)			$ 653	$ 175	$ (6,520)	$ 873
TASK Group Holdings Limited
Business Acquisition [Line Items]
Business acquisition, cash paid	$ 131,500
Equity interest issued (in shares) \| shares	2,163,393
Business acquisition, share price (in dollars per share) \| $ / shares	$ 52.70
Total purchase consideration	$ 245,500
Transaction costs			2,900		2,900
Number of acquired intangible assets \| intangibleAsset	3
Deferred taxes	$ 20,263
Revenue of acquiree			9,600		9,600
Net income of acquiree			(100)		(100)
TASK Group Holdings Limited \| Developed Technology Rights
Business Acquisition [Line Items]
Estimated Useful Life	7 years
Estimated useful lives	7 years
TASK Group Holdings Limited \| Developed Technology Rights \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input	14%
TASK Group Holdings Limited \| Customer relationships
Business Acquisition [Line Items]
Estimated useful lives	13 years
TASK Group Holdings Limited \| Customer relationships \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input	14%
TASK Group Holdings Limited \| Customer relationships \| Measurement Input, Annual Attrition Rate
Business Acquisition [Line Items]
Fair value measurement input	10%
TASK Group Holdings Limited \| Trade names
Business Acquisition [Line Items]
Estimated useful lives	8 years
TASK Group Holdings Limited \| Trade names \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input	12.50%
Plexure Developed Technology \| Developed Technology Rights
Business Acquisition [Line Items]
Estimated Useful Life	7 years
Plexure Developed Technology \| Developed Technology Rights \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input	12.50%
Plexure Developed Technology \| Customer relationships \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input	12.50%
Plexure Developed Technology \| Customer relationships \| Measurement Input, Probability Of Renewal Factor
Business Acquisition [Line Items]
Fair value measurement input	95%
Plexure Developed Technology \| Trade names \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input	14%
Plexure Developed Technology \| Trade names \| Measurement Input, Relief From Royalty Rate
Business Acquisition [Line Items]
Fair value measurement input	0.50%
Stuzo Acquisition
Business Acquisition [Line Items]
Business acquisition, cash paid		$ 170,500
Equity interest issued (in shares) \| shares		441,598
Business acquisition, share price (in dollars per share) \| $ / shares		$ 43.41
Transaction costs		$ 2,900
Number of acquired intangible assets \| intangibleAsset		4
Deferred taxes		$ 8,349	7,934		7,934
Income tax expense (benefit)					(7,700)
Percentage of interest acquired of limited liability company		100%
Business combination, consideration transferred, equity interests issued and issuable		$ 19,200
Escrow deposit		$ 1,500
Revenue of acquiree			10,700		23,400
Net income of acquiree			$ 1,600		$ 3,400
Stuzo Acquisition \| Developed Technology Rights
Business Acquisition [Line Items]
Estimated Useful Life		7 years
Estimated useful lives		7 years
Stuzo Acquisition \| Developed Technology Rights \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input		12.50%
Stuzo Acquisition \| Customer relationships \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input		12.50%
Stuzo Acquisition \| Customer relationships \| Measurement Input, Annual Attrition Rate
Business Acquisition [Line Items]
Fair value measurement input		7%
Stuzo Acquisition \| Customer Relationships Related to SAAS Platform
Business Acquisition [Line Items]
Estimated useful lives		15 years
Stuzo Acquisition \| Non-competition agreements
Business Acquisition [Line Items]
Estimated useful lives		5 years
Stuzo Acquisition \| Customer Relationships Related To Managed Platform Development Services
Business Acquisition [Line Items]
Estimated useful lives		5 years
Stuzo Acquisition \| Trademarks \| Measurement Input, Discount Rate
Business Acquisition [Line Items]
Fair value measurement input		12.50%
Stuzo Acquisition \| Trademarks \| Measurement Input, Relief From Royalty Rate
Business Acquisition [Line Items]
Fair value measurement input		1%

Acquisitions - Recognized Ident

Acquisitions - Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jul. 18, 2024	Mar. 08, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 803,084			$ 488,918	$ 486,337	$ 486,026
TASK Group Holdings Limited
Acquired Finite-Lived Intangible Assets [Line Items]
Cash		$ 4,179
Short-term investments		562
Accounts receivable		7,105
Property and equipment		1,030
Lease right-of-use assets		3,418
Prepaid and other acquired assets		1,916
Goodwill		181,442
Total assets		281,552
Accounts payable		4,212
Accrued expenses		3,502
Lease right-of-use liabilities		3,397
Deferred revenue		4,710
Deferred taxes		20,263
Consideration paid		245,468
TASK Group Holdings Limited \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets		32,100
TASK Group Holdings Limited \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets		48,000
TASK Group Holdings Limited \| Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets		$ 1,800
Stuzo Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Cash	4,244		$ 4,244
Accounts receivable	1,262		2,208
Property and equipment	307		307
Prepaid and other acquired assets	774		774
Goodwill	136,602		132,140
Total assets	209,689		208,273
Accounts payable	317		317
Accrued expenses	4,053		4,459
Deferred revenue	7,680		5,443
Deferred taxes	7,934		8,349
Consideration paid	189,705		189,705
Stuzo Acquisition \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	18,200		18,200
Stuzo Acquisition \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	39,400		39,000
Stuzo Acquisition \| Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	5,400		6,600
Stuzo Acquisition \| Non-competition agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	$ 3,500		$ 4,800

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended		12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Net income (loss)	$ (19,832)	$ 54,190	$ (18,288)	$ (15,516)	$ (19,702)	$ (15,905)	$ 16,070	$ (51,123)
Acquisition-related Costs
Business Acquisition [Line Items]
Net income (loss)									$ 5,400
Stuzo And TASK Group Holdings Limited Acquisitions
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	98,999			90,968			279,094	273,100
Business Acquisition, Pro Forma Net Income (Loss)	$ (29,862)			$ (19,642)			$ (82,960)	$ (51,922)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations, Disposed of by Sale $ in Thousands		3 Months Ended		9 Months Ended
	Jul. 07, 2024	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jul. 01, 2024 USD ($)	Jun. 07, 2024 USD ($)
PGSC and RRC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, wholly-owned percentage						1
Pre tax gain on sale		$ 451	$ 0	$ 77,205	$ 0
Separation expenses				6,900
PGSC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, wholly-owned percentage							1
Post closing adjustment period	120 days
Purchase price							$ 95,000
Gain on sale		74,600		74,600
Operating loss carryforwards		41,800		41,800
Interest expense limitation carryforwards		22,400		22,400
Research and development tax credit		1,600		$ 1,600
RRC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, wholly-owned percentage						1
Post closing adjustment period				90 days
Purchase price						$ 7,000
Purchase price						$ 700
Escrow deposit		$ 700		$ 700

Discontinued Operations - Sched

Discontinued Operations - Schedule of Carrying Amount of Net Assets Classified as Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets	$ 0	$ 21,690
Noncurrent assets	0	2,785
Total current liabilities	0	16,378
Noncurrent liabilities	$ 0	1,710
Discontinued Operations, Disposed of by Sale \| PGSC and RRC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable – net		20,703
Other current assets		987
Total current assets		21,690
Noncurrent assets		2,785
Total assets of discontinued operations		24,475
Accounts payable		4,209
Accrued salaries and benefits		5,013
Accrued expenses		6,910
Other current liabilities		246
Total current liabilities		16,378
Noncurrent liabilities		1,710
Total liabilities of discontinued operations		$ 18,088

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Major Categories of Income from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income from discontinued operations	$ 832	$ 3,718	$ 80,687	$ 8,973
Discontinued Operations, Disposed of by Sale \| PGSC and RRC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract revenue	0	38,433	66,540	101,301
Contract cost of sales	0	(34,506)	(60,218)	(91,970)
Operating income from discontinued operations	0	3,927	6,322	9,331
Other expense, net	0	(111)	0	(221)
Gain on sale of discontinued operations	451	0	77,205	0
Income from discontinued operations before provision for income taxes	628	3,749	82,834	9,030
Benefit from (provision for) income taxes	204	(31)	(2,147)	(57)
Net income from discontinued operations	832	3,718	80,687	8,973
Discontinued Operations, Disposed of by Sale \| PGSC and RRC Including Adjustments
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
General and administrative expense	$ 177	$ (67)	$ (693)	$ (80)

Discontinued Operations - Infor

Discontinued Operations - Information Related to Cash Flows from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Depreciation and amortization	$ 0	$ 116	$ 200	$ 347
Capital expenditures	0	156	233	370
Stock-based compensation	$ 50	$ 37	$ 1,004	$ 98

Accounts Receivable, net - Narr

Accounts Receivable, net - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
Allowances for doubtful accounts	$ 3,625	$ 1,949	$ 2,183	$ 2,134

Accounts Receivable, net - Acco

Accounts Receivable, net - Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,949	$ 2,134
Provisions	2,439	783
Write-offs	(763)	(734)
Ending balance	$ 3,625	$ 2,183

Inventories, net - Schedule of

Inventories, net - Schedule of Components of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 15,389	$ 13,530
Work in process	185	216
Component parts	7,793	9,147
Service parts	548	667
Inventories, net	$ 23,915	$ 23,560

Inventories, net - Narrative (D

Inventories, net - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Recorded inventory write-downs	$ 8.9	$ 9

Identifiable Intangible Asset_3

Identifiable Intangible Assets and Goodwill - Components of Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 320,452	$ 170,485
Impact of currency translation on intangible assets	1,376	1,399
Less: accumulated amortization	(110,900)	(87,001)
Total	210,928	84,883
Indefinite-lived Intangible Assets [Line Items]
Intangible assets – net	226,051	93,969
Internally developed software costs not meeting general release threshold
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross	3,923	2,886
Trademarks, trade names (non-amortizable)
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross	11,200	6,200
Acquired developed technology
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 173,889	119,800
Weighted-Average Amortization Period	5 years 4 months 24 days
Acquired developed technology \| Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	3 years
Acquired developed technology \| Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	7 years
Internally developed software costs
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 37,913	34,735
Estimated Useful Life	3 years
Weighted-Average Amortization Period	2 years 9 months 3 days
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 101,910	14,510
Weighted-Average Amortization Period	11 years 3 months 3 days
Customer relationships \| Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	5 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	15 years
Trade names
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 3,210	1,410
Weighted-Average Amortization Period	7 years 8 months 23 days
Trade names \| Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	2 years
Trade names \| Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	8 years
Non-competition agreements
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 3,530	$ 30
Weighted-Average Amortization Period	4 years 6 months
Non-competition agreements \| Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	1 year
Non-competition agreements \| Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Estimated Useful Life	5 years

Identifiable Intangible Asset_4

Identifiable Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized software development costs	$ 1.3	$ 0.3	$ 3.2	$ 2.4

Identifiable Intangible Asset_5

Identifiable Intangible Assets and Goodwill - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Indefinite-lived Intangible Assets [Line Items]
Research and development	$ 17,821	$ 14,660	$ 49,826	$ 43,863
Amortization of identifiable intangible assets	2,699	464	5,577	1,393
Impact of foreign currency translation on intangible assets	(484)	215	126	(126)
Amortization of identifiable intangible assets recorded in cost of sales
Indefinite-lived Intangible Assets [Line Items]
Amortization of identifiable intangible assets	6,828	5,480	18,219	16,766
Amortization expense recorded in operating expenses
Indefinite-lived Intangible Assets [Line Items]
Amortization of identifiable intangible assets	2,699	464	5,577	1,393
Amortization of acquired developed technology
Indefinite-lived Intangible Assets [Line Items]
Research and development	5,660	4,020	14,628	12,160
Amortization of internally developed software
Indefinite-lived Intangible Assets [Line Items]
Research and development	$ 1,168	$ 1,460	$ 3,591	$ 4,606

Identifiable Intangible Asset_6

Identifiable Intangible Assets and Goodwill - Expected Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Future amortization of intangible assets [Abstract]
2024, remaining	$ 9,910
2025	38,423
2026	36,411
2027	32,163
2028	22,123
Thereafter	71,898
Total	$ 210,928	$ 84,883

Identifiable Intangible Asset_7

Identifiable Intangible Assets and Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Goodwill [Roll Forward]
Beginning balance	$ 488,918	$ 486,026
Foreign currency translation	(3,878)	311
Ending balance	803,084	486,337
Stuzo Acquisition
Goodwill [Roll Forward]
Acquisition	136,602	0
Ending balance	136,602
TASK Group Acquisition
Goodwill [Roll Forward]
Acquisition	$ 181,442	$ 0

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Jul. 05, 2024	Sep. 30, 2024
Secured Debt
Debt Instrument [Line Items]
Prepayment premium , credit facility, year one, percentage	4%
Prepayment premium , premium , credit facility, year two, percentage	3%
Prepayment, premium , credit facility, year three, percentage	1%
Liquidity requirement	$ 20,000,000
Secured Debt \| Maximum
Debt Instrument [Line Items]
Net annual recurring revenue leverage ratio	1.25
Secured Debt \| Variable Rate Component One \| Base rate
Debt Instrument [Line Items]
Variable rate	4.50%
Secured Debt \| Variable Rate Component One \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate	5.50%
Secured Debt \| Variable Rate Component Two \| Base rate
Debt Instrument [Line Items]
Variable rate	4%
Secured Debt \| Variable Rate Component Two \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate	5%
Secured Debt \| Variable Rate Component Three \| Base rate
Debt Instrument [Line Items]
Variable rate	3.50%
Secured Debt \| Variable Rate Component Three \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate	4.50%
Convertible Notes \| 2027 Notes
Debt Instrument [Line Items]
Stated interest rate		1.50%
Line of Credit \| Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 90,000,000

Debt - Equity and Liability Com

Debt - Equity and Liability Components of the Notes (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Principal amount of notes outstanding	$ 475,000	$ 385,000
Unamortized debt issuance cost	(6,966)	(7,353)
Unamortized discount	(1,299)
Total notes payable	466,735	377,647
Convertible Notes \| 2026 Notes
Debt Instrument [Line Items]
Principal amount of notes outstanding	120,000	120,000
Unamortized debt issuance cost	(1,251)	(1,811)
Unamortized discount	0
Total notes payable	118,749	118,189
Convertible Notes \| 2027 Notes
Debt Instrument [Line Items]
Principal amount of notes outstanding	265,000	265,000
Unamortized debt issuance cost	(4,551)	(5,542)
Unamortized discount	0
Total notes payable	260,449	$ 259,458
Line of Credit \| Credit Facility
Debt Instrument [Line Items]
Principal amount of notes outstanding	90,000
Unamortized debt issuance cost	(1,164)
Unamortized discount	(1,299)
Total notes payable	$ 87,537

Debt - Summary of Information a

Debt - Summary of Information about the Equity and Liability Components of Notes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Disclosure [Abstract]
Contractual interest expense	$ 3,963	$ 2,554	$ 7,676	$ 6,016
Amortization of debt issuance costs	623	541	1,647	1,594
Amortization of discount	108	0	108	0
Total interest expense	$ 4,694	$ 3,095	$ 9,431	$ 7,610

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Notes (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2024, remaining	$ 0
2025	0
2026	120,000
2027	355,000
2028	0
Thereafter	0
Total	$ 475,000	$ 385,000

Common Stock - Narrative (Detai

Common Stock - Narrative (Details) $ / shares in Units, $ in Millions		3 Months Ended
	Mar. 07, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($)	Jan. 02, 2024 USD ($)
Subsidiary, Sale of Stock [Line Items]
Payments for common stock issuance costs		$ 5.5
Number of shares of common stock available for purchase (in shares) \| shares	510,287
Warrant, exercise price (in dollars per share) \| $ / shares	$ 74.96
Warrant
Subsidiary, Sale of Stock [Line Items]
Derivative, fair value			$ 4.5
Private Placement
Subsidiary, Sale of Stock [Line Items]
Sale of stock, consideration received on transaction	$ 200
Sale of stock, consideration received for gross purchase price ratio	0.10
Proceeds from issuance of private placement	$ 194.4
Payments for common stock issuance costs	$ 5.5
Number of shares of common stock available for purchase (in shares) \| shares	6,312
Private Placement \| PAR Common Stock
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares	5,174,638
Consideration received per transaction	$ 200
Sale of stock (in dollars per share) \| $ / shares	$ 38.65

Common Stock - Fair Value of Wa

Common Stock - Fair Value of Warrants, Measurement Assumptions (Details) - Private Placement	Jan. 02, 2024 $ / shares	Apr. 08, 2021 $ / shares
Subsidiary, Sale of Stock [Line Items]
Expected term	4 years 3 months	2 years 3 months
Risk free interest rate
Subsidiary, Sale of Stock [Line Items]
Risk Free interest rate and expected volatility	0.0393	0.0433
Expected volatility
Subsidiary, Sale of Stock [Line Items]
Risk Free interest rate and expected volatility	0.6339	0.5501
Fair value (per warrant)
Subsidiary, Sale of Stock [Line Items]
Fair value (per warrant) (in usd per share)	$ 16.21	$ 7.36

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, value of forfeitures	$ 0	$ 0.1	$ 0.2	$ 0.4
Share-based payment arrangement, expense	5.9	$ 3.9	16.6	$ 10.5
Unrecognized compensation expense	$ 32.3		$ 32.3
Two Thousand Twenty One Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares remaining available for grant (in shares)	330,000		330,000
Shares purchased for grant (in shares)			15,251

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Activity (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Options outstanding
Beginning balance (in shares) \| shares	920
Exercised (in shares) \| shares	(174)
Canceled/forfeited (in shares) \| shares	(16)
Ending balance (in shares) \| shares	730
Weighted average exercise price
Beginning balance (in dollars per share) \| $ / shares	$ 13.04
Exercised (in dollars per share) \| $ / shares	12.03
Canceled/forfeited (in dollars per share) \| $ / shares	13.22
Ending balance (in dollars per share) \| $ / shares	$ 13.28
Restricted Stock Units
Restricted Stock Unit Awards
Beginning balance (in shares) \| shares	839
Granted (in shares) \| shares	587
Vested (in shares) \| shares	(407)
Canceled/forfeited (in shares) \| shares	(94)
Ending balance (in shares) \| shares	925
Weighted average award value
Beginning balance (in dollars per share) \| $ / shares	$ 35.83
Granted (in dollars per share) \| $ / shares	47.60
Vested (in dollars per share) \| $ / shares	33.95
Canceled/forfeited (in dollars per share) \| $ / shares	37.30
Ending balance (in dollars per share) \| $ / shares	$ 42.49

Net Income (Loss) Per Share (De

Net Income (Loss) Per Share (Details) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	730	929
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	925	862

Geographic Information and Cu_3

Geographic Information and Customer Concentration (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 96,754	$ 68,701	$ 244,977	$ 206,814
United States
Segment Reporting Information [Line Items]
Revenue	81,638	62,279	219,353	190,223
International
Segment Reporting Information [Line Items]
Revenue	$ 15,116	$ 6,422	$ 25,624	$ 16,591

Geographic Information and Cu_4

Geographic Information and Customer Concentration (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 1,299,274	$ 802,606
United States
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	984,773	767,894
International
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 314,501	$ 34,712

Geographic Information and Cu_5

Geographic Information and Customer Concentration (Details) - Revenue - Customer Concentration Risk	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue, Major Customer [Line Items]
Concentration risk, percentage	100%	100%	100%	100%
McDonald’s Corporation
Revenue, Major Customer [Line Items]
Concentration risk, percentage	18%	11%	13%	12%
Yum! Brands, Inc.
Revenue, Major Customer [Line Items]
Concentration risk, percentage	8%	14%	9%	14%
Dairy Queen
Revenue, Major Customer [Line Items]
Concentration risk, percentage	7%	10%	8%	11%
All Others
Revenue, Major Customer [Line Items]
Concentration risk, percentage	67%	65%	70%	63%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Life insurance balance	$ 0	$ 3.3
Amounts owed to employees participating in the deferred compensation plan	$ 0.1	0.4
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [extensible enumeration]	Adjustment to contingent consideration liability
2026 Notes \| Convertible Notes
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Stated interest rate	2.875%
2026 Notes \| Convertible Notes \| Fair Value, Inputs, Level 2
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of debt	$ 161.5	145.6
2027 Notes \| Convertible Notes
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Stated interest rate	1.50%
2027 Notes \| Convertible Notes \| Fair Value, Inputs, Level 2
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of debt	$ 264.4	$ 236.1
Credit Facility \| Convertible Notes \| Fair Value, Inputs, Level 2
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of debt	$ 88.7

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Changes in the Estimated Fair Values of the Company’s Liabilities for Contingent Consideration Measured Using Significant Unobservable Inputs (Level 3) (Details) - Obligations - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 600	$ 9,800
Change in fair value of contingent consideration	(600)	(7,500)
Ending balance	$ 0	$ 2,300

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Contingent Consideration Liability (Details) - Revenue based payments $ in Thousands	Dec. 31, 2023 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration liability	$ 5,600
Fair Value	$ 600
Revenue volatility
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Weighted Average or Range	0.250
Discount rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Weighted Average or Range	0.115