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OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)
 3 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)
Other Current Assets
The following table presents the detail of other current assets (in thousands):
        
March 31, 2020December 31, 2019
Inventory, net$54,719  $47,683  
Restricted cash34,315  38,873  
Processing costs receivable84,045  67,281  
Prepaid expenses31,433  22,758  
Accounts receivable, net31,515  33,863  
Other42,643  39,951  
Total$278,670  $250,409  
Accrued Expenses and Other Current Liabilities
The following table presents the detail of accrued expenses and other current liabilities (in thousands): 
March 31, 2020December 31, 2019
Accrued expenses$126,911  $128,387  
Accrued transaction losses (i)96,661  34,771  
Accounts payable29,831  42,116  
Deferred revenue, current40,392  38,104  
Square Payroll payable (ii)29,618  27,969  
Other69,321  26,494  
Total$392,734  $297,841  

(i) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations. In estimating the accrued transaction losses as of March 31, 2020, the Company has revised its estimates to reflect expected increased chargebacks from non-delivery of goods and services as well as increased failure rates of its sellers due to the COVID-19 outbreak. Additionally, the Company has also incorporated market related data to credit losses for similar historical periods of recessionary economic conditions and uncertainty in developing such estimates and assumptions. Given that substantially all the chargebacks are reported within a short time period after the transaction is processed, a reversion method was not considered to be necessary.

The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):
Three Months Ended
March 31,
20202019
Accrued transaction losses, beginning of the period$34,771  $33,682  
Provision for transaction losses79,303  19,808  
Charge-offs to accrued transaction losses(17,413) (17,443) 
Accrued transaction losses, end of the period$96,661  $36,047  

(ii) Square Payroll payable represents amounts received from Square Payroll product customers that will be utilized to settle the customers' employee payroll and related obligations.
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT)
Other Non-Current Assets

The following table presents the detail of other non-current assets (in thousands):

March 31, 2020December 31, 2019
Investment in non-marketable equity securities$110,000  $110,000  
Non-current lease prepayments (i)—  45,738  
Restricted cash13,286  12,715  
Other26,566  27,935  
Total$149,852  $196,388  

(i) The non-current lease prepayments as of December 31, 2019, have been reclassified to the operating lease right-of-use assets upon lease commencement during the quarter ended March 31, 2020.

Other Non-Current Liabilities
The following table presents the detail of other non-current liabilities (in thousands):
March 31, 2020December 31, 2019
Statutory liabilities (i)$56,371  $54,762  
Deferred revenue, non-current6,654  6,227  
Other17,836  33,472  
Total$80,861  $94,461  

(i) Statutory liabilities represent loss contingencies that may arise from the Company's interpretation and application of certain guidelines and rules issued by various federal, state, local, and foreign regulatory authorities.