Other Balance Sheet Items

9 Months Ended

Sep. 30, 2022

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,
	2022		2021
	(In millions)
Prepaid expenses	$	30.2	$	24.8
Prepaid registry fees	24.7		24.2
Taxes receivable	7.7		7.7
Accounts receivable, net	5.2		5.3
Other	0.5		0.9
Total other current assets	$	68.3	$	62.9

Other Long-Term Assets

Other long-term assets consist of the following: 

	September 30,		December 31,
	2022		2021
	(In millions)
Long-term prepaid registry fees	$	9.5	$	8.7
Operating lease right-of-use asset	8.5		8.4
Long-term prepaid expenses	7.3		11.0
Restricted cash	5.3		5.3
Other	2.1		2.3
Total other long-term assets	$	32.7	$	35.7

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, 2022 reflects amortization of $9.9 million and $29.6 million during the three and nine months ended September 30, 2022 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,
	2022		2021
	(In millions)
Accounts payable and accrued expenses	$	7.9	$	9.0
Customer deposits	55.6		77.3
Accrued employee compensation	47.9		58.5
Taxes payable	32.9		26.8
Interest payable	24.6		19.5
Accrued registry fees	14.9		12.9
Customer incentives payable	6.2		13.3
Other accrued liabilities	9.0		9.3
Total accounts payable and accrued liabilities	$	199.0	$	226.6

The balance of Customer deposits varies from period to period due to the timing of payments from certain large customers. 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, 2021 was paid during the nine months ended September 30, 2022. Customer incentives payable includes amounts related to rebates payable to registrars. These amounts may vary from period to period due to the timing of payments and the amount of rebates earned.

Long-term Tax and Other Liabilities

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

	September 30,		December 31,
	2022		2021
	(In millions)
Long-term tax liabilities	$	62.9	$	76.1
Long-term operating lease liabilities	2.0		2.5
Long-term tax and other liabilities	$	64.9	$	78.6

Long-term tax liabilities as of September 30, 2022 reflects a $14.5 million reclassification from long-term to current of the next installment of the transition tax liability on accumulated foreign earnings resulting from the 2017 Tax Cuts and Jobs Act.