Segment Information Reportable segments are identified based on the Company's organizational structure and information reviewed by the Companys chief operating decision maker ("CODM") to evaluate performance and allocate resources. The Company's operations are organized into two reportable segments for financial reporting purposes: Product and Intellectual Property Licensing . The Product segment consists primarily of licensing Company-developed UX products and services to multi-channel video service providers and CE manufacturers, licensing the TiVo service and selling TiVo-enabled devices, licensing metadata and advanced media and advertising solutions, including viewership data, sponsored discovery and in-guide advertising. The Product segment also includes legacy Analog Content Protection, VCR Plus+ and media recognition products. The Intellectual Property Licensing segment consists primarily of licensing the Company's patent portfolio to U.S. and international pay TV providers (directly and through their suppliers), mobile device manufacturers, CE manufacturers and OTT video providers. Segment results are derived from the Company's internal management reporting system. The accounting policies used to derive segment results are substantially the same as those used by the consolidated company. Intersegment revenues and expenses have been eliminated from segment financial information as transactions between reportable segments are excluded from the measure of segment profitability reviewed by the CODM. In addition, certain costs are not allocated to the segments as they are considered corporate costs. Corporate costs primarily include general and administrative costs such as corporate management, finance, legal and human resources. The CODM uses an Adjusted EBITDA (as defined below) measure to evaluate the performance of, and allocate resources to, the segments. Segment balance sheets are not used by the CODM to allocate resources or assess performance. Segment results were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Product Platform Solutions $ 65,731 $ 72,208 $ 136,768 $ 168,148 Software and Services 19,242 19,619 39,144 38,098 Other 234 960 598 3,393 Revenues, net 85,207 92,787 176,510 209,639 Adjusted Operating Expenses (1) 77,668 81,467 160,558 170,933 Adjusted EBITDA (2) 7,539 11,320 15,952 38,706 Intellectual Property Licensing US Pay TV Providers 41,996 49,217 84,113 99,132 CE Manufacturers 7,730 8,927 16,348 17,895 New Media, International Pay TV Providers and Other 41,239 21,929 57,436 36,031 Revenues, net 90,965 80,073 157,897 153,058 Adjusted Operating Expenses (1) 21,359 24,972 43,166 50,329 Adjusted EBITDA (2) 69,606 55,101 114,731 102,729 Corporate Adjusted Operating Expenses (1) 14,524 14,512 30,621 30,560 Adjusted EBITDA (2) (14,524 ) (14,512 ) (30,621 ) (30,560 ) Consolidated Total Revenues, net 176,172 172,860 334,407 362,697 Adjusted Operating Expenses (1) 113,551 120,951 234,345 251,822 Adjusted EBITDA (2) 62,621 51,909 100,062 110,875 Depreciation 5,327 5,773 10,691 10,914 Amortization of intangible assets 28,184 40,809 56,362 82,221 Restructuring and asset impairment charges 2,676 1,101 4,489 5,647 Equity-based compensation 8,932 6,731 17,311 18,755 Separation costs 3,315  4,447  Transition and integration costs 558 7,041 1,153 9,451 Earnout amortization  536  1,494 CEO transition cash costs 1,000 (1,600 ) 1,000 (975 ) Remeasurement of contingent consideration  281  1,171 Operating income (loss) 12,629 (8,763 ) 4,609 (17,803 ) Interest expense (12,475 ) (12,171 ) (24,636 ) (23,805 ) Interest income and other, net 1,515 544 3,290 2,110 (Loss) gain on interest rate swaps (3,364 ) 1,841 (5,085 ) 6,152 Loss on debt extinguishment (101 )  (300 )  Loss from continuing operations before income taxes $ (1,796 ) $ (18,549 ) $ (22,122 ) $ (33,346 ) (1) Adjusted Operating Expenses are defined as operating expenses excluding Depreciation , Amortization of intangible assets , Restructuring and asset impairment charges , Equity-based compensation , Separation costs , Transition and integration costs , retention earn-outs payable to former shareholders of acquired businesses, CEO transition cash costs and Remeasurement of contingent consideration . (2) Adjusted EBITDA is defined as operating loss excluding Depreciation , Amortization of intangible assets , Restructuring and asset impairment charges , Equity-based compensation , Separation costs , Transition and integration costs , retention earn-outs payable to former shareholders of acquired businesses, CEO transition cash costs and Remeasurement of contingent consideration .