Other Balance Sheet Items

12 Months Ended

Dec. 31, 2020

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,
	2020		2019
	(In thousands)
Prepaid registry fees	$	22,654	$	21,717
Prepaid expenses	17,920		19,818
Accounts receivable, net	4,642		1,524
Taxes receivable	3,572		1,111
Contingent consideration receivable	—		14,721
Other	2,245		1,639
Total other current assets	$	51,033	$	60,530

Property and Equipment, Net

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

	As of December 31,
	2020		2019
	(In thousands)
Computer equipment and software	$	415,086	$	470,237
Buildings and building improvements	250,431		248,885
Land	31,141		31,141
Office equipment and furniture	9,179		8,437
Capital work in progress	4,330		6,779
Leasehold improvements	1,458		1,458
Total cost	711,625		766,937
Less: accumulated depreciation	(466,054)		(516,654)
Total property and equipment, net	$	245,571	$	250,283

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,
	2020		2019
	(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,
	2020		2019
	(In thousands)
Operating lease right-of-use asset	$	11,277	$	9,133
Restricted cash	9,407		9,405
Long-term prepaid registry fees	7,997		7,753
Other tax receivable	969		6,927
Long-term prepaid expenses and other assets	8,308		6,594
Total other long-term assets	$	37,958	$	39,812

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, 2020 reflects amortization of $36.2 million during 2020 which was recorded in Cost of Revenues. Other tax receivables as of December 31, 2019 included indirect benefits related to the previously unrecognized tax benefits that were remeasured during 2020, as discussed in Note 10. “Income Taxes.”

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following: 

	As of December 31,
	2020		2019
	(In thousands)
Accounts payable and accrued expenses	$	12,340	$	15,907
Accrued employee compensation	54,596		49,869
Customer deposits	53,631		52,804
Taxes payable and other tax liabilities	27,194		30,308
Interest Payable	24,408		24,318
Accrued registry fees	13,090		11,529
Customer incentives payable	12,556		13,547
Other accrued liabilities	10,827		11,706
Total accounts payable and accrued liabilities	$	208,642	$	209,988

Long-term Tax and Other Liabilities

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

	As of December 31,
	2020		2019
	(In thousands)
Long-term tax liabilities	$	90,335	$	308,112
Long-term operating lease liabilities	5,159		4,564
Long-term tax and other liabilities	$	95,494	$	312,676

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”) as discussed in Note 10. “Income Taxes.” During 2020, the Company recognized an income tax benefit of $204.2 million, primarily as a result of the remeasurement of certain previously unrecognized income tax benefits as discussed in Note 10. “Income Taxes.”