Other Balance Sheet Items

12 Months Ended

Dec. 31, 2019

Balance Sheet Related Disclosures [Abstract]

Other Current Assets

Other current assets consist of the following:



	As of December 31,
	2019		2018
	(In thousands)
Prepaid registry fees	$	21,717	$	20,696
Prepaid expenses	19,818		14,109
Contingent consideration receivable	14,721		—
Accounts receivable, net	1,524		6,029
Income taxes receivable	1,111		4,451
Other	1,639		2,080
Total other current assets	$	60,530	$	47,365

Property and Equipment, Net

The following table presents the detail of property and equipment, net:



	As of December 31,
	2019			2018
	(In thousands)
Computer equipment and software	$	470,237		$	461,829
Buildings and building improvements	248,885			247,870
Land	31,141			31,141
Capital work in progress	6,779			2,013
Office equipment and furniture	8,437			6,912
Leasehold improvements	1,458			1,403
Total cost	766,937			751,168
Less: accumulated depreciation	(516,654		)	(497,263		)
Total property and equipment, net	$	250,283		$	253,905

Substantially all of the Company’s property and equipment were held in the U.S. for both periods presented.

Goodwill

The following table presents the detail of goodwill:



	As of December 31,
	2019			2018
	(In thousands)
Goodwill, gross	$	1,537,843		$	1,537,843
Accumulated goodwill impairment	(1,485,316		)	(1,485,316		)
Total goodwill	$	52,527		$	52,527

There was no impairment of goodwill or other long-lived assets recognized in any of the periods presented.

Deposits to Acquire Intangible Assets

The Company’s Deposit to acquire intangible assets represents the $145.0 million paid for the future assignment to the Company of contractual rights to the .web gTLD, pending resolution of objections by other applicants, and approval from ICANN. Upon assignment of the contractual rights, the Company will record the total investment as an indefinite-lived intangible asset.

Other Long-Term Assets

Other long-term assets consist of the following:



	As of December 31,
	2019		2018
	(In thousands)
Restricted cash	$	9,405	$	9,338
Long-term prepaid registry fees	7,753		7,779
Other tax receivable	6,927		5,673
Operating lease right-of-use asset	9,133		—
Contingent consideration receivable	—		14,721
Other	6,594		3,535
Total other long-term assets	$	39,812	$	41,046

The prepaid registry fees in the tables above relate to the fees the Company pays to ICANN for each annual term of .com domain name registrations and renewals which are deferred and amortized over the domain name registration term. The amount of prepaid registry fees as of December 31, 2019 reflects amortization of $34.6 million during 2019 which was recorded in Cost of Revenues. The operating lease right-of-use asset as of December 31, 2019 in the table above reflects amounts recognized in 2019 pursuant to the adoption of ASC 842, Leases. The contingent consideration receivable in the tables above relate to the estimated amount due from Neustar in the first quarter of 2020. The receivable was reclassified from Other long-term assets as of December 31, 2018 to Other current assets as of December 31, 2019.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:



	As of December 31,
	2019		2018
	(In thousands)
Accounts payable and accrued expenses	$	15,907	$	17,263
Customer deposits, net	52,804		57,025
Accrued employee compensation	49,869		54,746
Taxes payable and other tax liabilities	30,308		18,961
Interest Payable	24,318		24,318
Customer incentives payable	13,547		13,771
Accrued registry fees	11,529		11,029
Payables to buyer	331		9,875
Other accrued liabilities	11,375		8,220
Total accounts payable and accrued liabilities	$	209,988	$	215,208

Payables to buyer in the table above relate to amounts due to Neustar for estimated collections from customers of the divested security services business of any billings after the closing date and until the customer contracts are assigned to Neustar.

Long-term tax and other liabilities



	As of December 31,
	2019		2018
	(In thousands)
Long-term tax liabilities	$	308,112	$	281,621
Long-term operating lease liabilities	4,564		—
Long-term tax and other liabilities	$	312,676	$	281,621

Long-term tax liabilities include accruals for unrecognized tax benefits and the long-term portion of the U.S. income taxes payable on the Company’s accumulated foreign earnings (“Transition Tax”) as discussed in Note 10. Income Taxes. Long-term operating lease liabilities as of December 31, 2019 in the table above relate to the lease obligations recorded as a result of the adoption of ASC 842, Leases, during 2019.