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FINANCIAL STATEMENT DETAILS
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
FINANCIAL STATEMENT DETAILS FINANCIAL STATEMENT DETAILS
Cash and Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:
December 31, 2024December 31, 2023December 31, 2022December 31, 2021
(In thousands)
Cash and cash equivalents$416,434 $364,044 $321,155 $428,136 
Restricted cash included in other current assets— — 107 156 
Restricted cash included in other non-current assets111 257 371 693 
Restricted cash included in other non-current assets of discontinued operations— — 503 500 
Total cash and cash equivalents, and restricted cash as shown on the statement of cash flows$416,545 $364,301 $322,136 $429,485 
Restricted cash included in “Other current assets” in the balance sheet at December 31, 2022 primarily consisted of cash reserved to fund insurance claims.
Restricted cash included in “Other current assets” in the balance sheet at December 31, 2021 primarily consisted of funds collected from service providers for disputed payments which were not settled as of the period end in addition to cash reserved to fund insurance claims.
Restricted cash included in “Other non-current assets” in the balance sheets for all periods presented above primarily consisted of deposits related to leases.
Credit Losses
The following table presents the changes in the allowance for credit losses:
Year Ended December 31,
20242023
(In thousands)
Balance at January 1$24,684 $38,846 
Current period provision for credit losses57,261 79,385 
Write-offs charged against the allowance for credit loss(68,647)(98,820)
Recoveries collected5,338 5,102 
Other1,868 171 
Balance at December 31$20,504 $24,684 
Other Current AssetsDecember 31,
20242023
(In thousands)
Capitalized sales commissions$24,874 $34,927 
Prepaid expenses13,077 21,485 
Other4,030 15,663 
Other current assets$41,981 $72,075 
Capitalized software, leasehold improvements and equipment, netDecember 31,
 20242023
 (In thousands)
Capitalized software and computer equipment$266,540 $275,377 
Leasehold improvements14,194 27,140 
Furniture and other equipment5,930 10,387 
Projects in progress34,348 11,980 
Capitalized software, leasehold improvements and equipment321,012 324,884 
Accumulated depreciation and amortization(241,448)(215,357)
Capitalized software, leasehold improvements and equipment, net$79,564 $109,527 
Accrued expenses and other current liabilitiesDecember 31,
20242023
(In thousands)
Accrued employee compensation and benefits$57,665 $59,765 
Accrued advertising expense31,639 25,648 
Current lease liabilities12,824 17,797 
Other69,223 76,119 
Accrued expenses and other current liabilities$171,351 $179,329 
Other income, net
Year Ended December 31,
 202420232022
 (In thousands)
Interest income$19,582 $17,149 $4,529 
Foreign exchange (losses) gains(681)1,238 (3,364)
Other(540)40 4 
Other income, net$18,361 $18,427 $1,169 
Supplemental Disclosure of Cash Flow Information:
 Year Ended December 31,
 202420232022
 (In thousands)
Cash (paid) received during the year for:   
Interest expense—third-party$(19,375)$(19,375)$(19,375)
Income tax payments, including amounts paid to IAC for Angi’s share of IAC's consolidated tax liability$(20,859)$(4,957)$(1,551)
Income tax refunds$3,062 $282 $396