Other Balance Sheet Items

6 Months Ended

Jun. 30, 2023

Balance Sheet Related Disclosures [Abstract]

Other Balance Sheet Items

Selected Balance Sheet Items

Other Current Assets

Other current assets consist of the following: 

	June 30,		December 31,
	2023		2022
	(In millions)
Prepaid expenses	$	29.0	$	24.5
Prepaid registry fees	24.9		24.3
Accounts receivable, net	5.3		6.2
Taxes receivable	1.6		1.9
Other	1.0		1.4
Total other current assets	$	61.8	$	58.3

Other Long-Term Assets

Other long-term assets consist of the following: 

	June 30,		December 31,
	2023		2022
	(In millions)
Long-term prepaid registry fees	$	8.7	$	9.1
Operating lease right-of-use asset	5.6		7.2
Restricted cash	5.3		5.4
Long-term prepaid expenses	5.2		6.6
Other	3.1		2.3
Total other long-term assets	$	27.9	$	30.6

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.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following: 

	June 30,		December 31,
	2023		2022
	(In millions)
Accounts payable and accrued expenses	$	7.6	$	9.8
Customer deposits	68.9		72.0
Accrued employee compensation	44.5		59.0
Taxes payable	32.0		37.4
Interest payable	19.5		19.5
Accrued registry fees	13.6		12.7
Customer incentives payable	6.8		7.1
Other accrued liabilities	9.3		9.0
Total accounts payable and accrued liabilities	$	202.2	$	226.5

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, 2022 was paid during the six months ended June 30, 2023. Taxes payable reflects amounts accrued for the income tax provision and payments made during the period. This balance fluctuates from period to period due to the timing of income tax payments in the Company’s major tax jurisdictions.

Long-term Tax and Other Liabilities

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

	June 30,		December 31,
	2023		2022
	(In millions)
Long-term tax liabilities	$	42.1	$	60.5
Long-term operating lease liabilities	1.2		1.6
Long-term tax and other liabilities	$	43.3	$	62.1

Long-term tax liabilities as of June 30, 2023 reflects a $19.3 million reclassification to current liabilities of the next installment of the transition tax liability on accumulated foreign earnings resulting from the 2017 Tax Cuts and Jobs Act.