Other Balance Sheet Items

9 Months Ended

Sep. 30, 2021

Balance Sheet Related Disclosures [Abstract]

Other Balance Sheet Items

Selected Balance Sheet Items

Other Current Assets

Other current assets consist of the following: 

	September 30,		December 31,
	2021		2020
	(In thousands)
Prepaid expenses	$	31,189	$	17,920
Prepaid registry fees	24,513		22,654
Accounts receivable, net	5,062		4,642
Taxes receivable	4,091		3,572
Other	1,134		2,245
Total other current assets	$	65,989	$	51,033

Other Long-Term Assets

Other long-term assets consist of the following: 

	September 30,		December 31,
	2021		2020
	(In thousands)
Long-term prepaid expenses	$	12,250	$	7,105
Operating lease right-of-use asset	9,625		11,277
Long-term prepaid registry fees	8,990		7,997
Restricted cash	5,630		9,407
Other	2,019		2,172
Total other long-term assets	$	38,514	$	37,958

The prepaid expenses included in Other current assets and Other long-term assets as of September 30, 2021 are primarily related to prepaid hardware and software maintenance expenses. The current and long-term prepaid registry fees in the tables above relate to the fees the Company pays to Internet Corporation for Assigned Names and Numbers (“ICANN”) for each annual increment 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 September 30, 2021 reflects amortization of $9.7 million and $28.5 million during the three and nine months ended September 30, 2021 which was recorded in Cost of Revenues.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following: 

	September 30,		December 31,
	2021		2020
	(In thousands)
Accounts payable and accrued expenses	$	6,233	$	12,340
Customer deposits	64,650		53,631
Accrued employee compensation	48,890		54,596
Interest payable	24,988		24,408
Taxes payable and other non-income tax liabilities	24,593		27,194
Accrued registry fees	14,717		13,090
Customer incentives payable	10,210		12,556
Other accrued liabilities	10,230		10,827
Total accounts payable and accrued liabilities	$	204,511	$	208,642

Customer deposits primarily relate to advance payments to cover domain name registration activity by registrars. Accrued employee compensation primarily consists of liabilities for employee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. Accrued employee incentive compensation as of December 31, 2020, was paid during the nine months ended September 30, 2021. Interest payable varies at each period-end based on the payment due dates for each senior note issuance. Taxes payable and other non-income tax liabilities reflect amounts accrued for the income tax provision and payments made during the period. Customer incentives payable includes amounts related to rebates and marketing programs payable to registrars. These amounts may vary from period to period due to the timing of payments.

Long-term Tax and Other Liabilities

Long-term tax and other liabilities consist of the following: 

	September 30,		December 31,
	2021		2020
	(In thousands)
Long-term tax liabilities	$	82,108	$	90,335
Long-term operating lease liability	2,761		5,159
Long-term tax and other liabilities	$	84,869	$	95,494

Long-term tax liabilities as of September 30, 2021 reflects a $7.7 million reclassification of a portion of the transition tax liability on accumulated foreign earnings from non-current to current as of September 30, 2021.