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Other Assets
6 Months Ended
Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

5.  Other Assets

Other long‑term assets and gTLD deposits consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2014

 

2013

Deposits for gTLD applications

    

$

23,343 

    

$

21,252 

Other

 

 

1,710 

 

 

1,998 

Other assets

 

$

25,053 

 

$

23,250 

 

We paid $11.5 million during the six months ended June 30, 2014 and $3.9 million during the year ended December 31, 2013 for certain gTLD applications under the New gTLD Program. Payments for gTLD applications represent amounts paid directly to ICANN or third parties in the pursuit of gTLD operator rights, the majority of which was paid to Donuts Inc. as described in Note 7— Commitments and Contingencies.

 

The net gain related to the withdrawals of our interest in certain gTLD applications was $0.9 million for the three months ended June 30, 2014, and $5.7 million for the six months ended June 30, 2014. For the three and six month periods ended June 30, 2013, the net gain related to the withdrawals of our interest in certain gTLD applications was $1.2 million. We recorded these gains in gain on other assets, net on the condensed combined statements of operations

 

Other assets include $1.2 million as of June 30, 2014 and $0.9 million as of December 31, 2013, of restricted cash comprising a collateralized letter of credit connected with our applications under the New gTLD Program. The restrictions require the cash to be maintained in a bank account for a minimum of five years from the delegation of the gTLDs.