Other Balance Sheet Items

6 Months Ended

Jun. 30, 2011

Other Balance Sheet Items

Other Balance Sheet Items

Note 4. Other Balance Sheet Items

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	June 30, 2011		December 31, 2010
	(In thousands)
Prepaid expenses	$	16,452	$	9,939
Deferred tax assets		82,344		69,807
Non-trade receivables		12,810		14,158
Receivables from buyers		818		8,198
Other		3,450		115
Total prepaid expenses and other current assets	$	115,874	$	102,217

The Company recognized additional deferred tax assets, due to net operating losses, during the six months ended June 30, 2011. Non-trade receivables primarily consist of income tax receivables and value added tax receivables. As of December 31, 2010, Receivables from buyers primarily represents amounts due from Symantec for services performed on its behalf under transition services agreements. During the six months ended June 30, 2011, the Company received substantially the entire amount included in Receivables from buyers as of December 31, 2010.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:

	June 30, 2011		December 31, 2010
	(In thousands)
Accounts payable	$	13,076	$	16,727
Accrued employee compensation		36,784		52,628
Customer deposits, net		19,964		18,681
Payables to buyers		1,308		11,337
Taxes payable, deferred and other tax liabilities		33,873		38,168
Accrued restructuring costs		11,376		17,460
Other accrued liabilities		40,614		40,234
Total accounts payable and accrued liabilities	$	156,995	$	195,235

Accrued employee compensation primarily consists of liabilities for employee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. As of December 31, 2010, Payables to buyers primarily consists of amounts due to Symantec for certain post-closing purchase price adjustments related to the sale of the Authentication Services business and accrued bonus for employees associated with the Authentication Services business, substantially the entire amount of which was paid during the six months ended June 30, 2011. Accrued bonus as of December 31, 2010, included in Accrued employee compensation was paid during the six months ended June 30, 2011. As of June 30, 2011, Accrued restructuring costs primarily represents restructuring costs related to the sale of the Authentication Services business. Other accrued liabilities include miscellaneous vendor payables and interest on the Convertible Debentures which is paid semi-annually in arrears on August 15 and February 15.