Other Balance Sheet Items

12 Months Ended

Dec. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Details of Certain Balance Sheet Accounts Disclosure Block

Note 3. Selected Balance Sheet Items

Other Current Assets

Other current assets consist of the following: 

	As of December 31,
	2021		2020
	(In thousands)
Prepaid expenses	$	24,756	$	17,920
Prepaid registry fees	24,240		22,654
Taxes receivable	7,669		3,572
Accounts receivable, net	5,284		4,642
Other	981		2,245
Total other current assets	$	62,930	$	51,033

Property and Equipment, Net

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

	As of December 31,
	2021		2020
	(In thousands)
Computer equipment and software	$	400,628	$	415,086
Buildings and building improvements	254,549		250,431
Land	31,141		31,141
Office equipment and furniture	10,104		9,179
Capital work in progress	3,088		4,330
Leasehold improvements	1,476		1,458
Total cost	700,986		711,625
Less: accumulated depreciation	(449,763)		(466,054)
Total property and equipment, net	$	251,223	$	245,571

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,
	2021		2020
	(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,
	2021		2020
	(In thousands)
Long-term prepaid expenses	$	10,976	$	7,105
Long-term prepaid registry fees	8,693		7,997
Operating lease right-of-use asset	8,418		11,277
Restricted cash	5,329		9,407
Other	2,144		2,172
Total other long-term assets	$	35,560	$	37,958

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, 2021 reflects amortization of $38.3 million during 2021 which was recorded in Cost of Revenues.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following: 

	As of December 31,
	2021		2020
	(In thousands)
Accounts payable and accrued expenses	$	8,997	$	12,340
Customer deposits	77,329		53,631
Accrued employee compensation	58,499		54,596
Taxes payable	26,793		27,194
Interest payable	19,500		24,408
Customer incentives payable	13,297		12,556
Accrued registry fees	12,844		13,090
Other accrued liabilities	9,321		10,827
Total accounts payable and accrued liabilities	$	226,580	$	208,642

Long-term Tax and Other Liabilities

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

	As of December 31,
	2021		2020
	(In thousands)
Long-term tax liabilities	$	76,148	$	90,335
Long-term operating lease liabilities	2,485		5,159
Long-term tax and other liabilities	$	78,633	$	95,494

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”)