Other Balance Sheet Items

Other Current Assets

Other current assets consist of the following:



	March 31,		December 31,
	2018		2017
	(In thousands)
Prepaid registry fees	$	20,450	$	—
Prepaid expenses	17,296		15,787
Accounts receivable, net	6,117		5,111
Income taxes receivable	3,996		6,347
Other	4,207		4,157
Total other current assets	$	52,066	$	31,402

Other Long-Term Assets

Other long-term assets consist of the following:



	March 31,		December 31,
	2018		2017
	(In thousands)
Prepaid registry fees	$	7,730	$	—
Restricted cash	9,295		9,288
Other tax receivable	5,673		5,673
Other	3,609		3,642
Total other long-term assets	$	26,307	$	18,603

The current and long-term prepaid registry fees in the tables above relate to the fees the Company pays to ICANN for each annual increment of .com domain name registrations and renewals which are capitalized and amortized over the domain name registration term, upon adoption of ASU 2014-09 as discussed in Note 1. The amount of prepaid registry fees as of March 31, 2018 reflects amortization of $8.1 million during the three months ended March 31, 2018 which was recorded in Cost of Revenues.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:



	March 31,		December 31,
	2018		2017
	(In thousands)
Accounts payable	$	8,921	$	20,923
Accrued employee compensation	25,935		51,481
Customer deposits, net	58,190		63,617
Interest payable	40,895		47,357
Income taxes payable and other tax liabilities	16,119		13,477
Other accrued liabilities	31,507		22,748
Total accounts payable and accrued liabilities	$	181,567	$	219,603

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, 2017, was paid during the three months ended March 31, 2018. Interest payable includes coupon and contingent interest on the Subordinated Convertible Debentures, and interest payable on the 2023 Senior Notes the 2025 Senior Notes, and the 2027 Senior Notes. Income taxes payable and other tax liabilities as of December 31, 2017 primarily consisted of foreign income taxes payable, which were paid during the three months ended March 31, 2018. Income taxes payable and other tax liabilities as of March 31, 2018 includes the current portion of taxes payable on accumulated foreign earnings triggered by the 2017 Tax Cuts and Jobs Act (“Tax Act”), which was included in Deferred tax liabilities as of December 31, 2017.