Fair value measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair value measurements

Asset impairment analyses completed during the quarter ended March 31, 2020 were as follows:

			Fair value measurements using
	Fair value as of measurement date		Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs		Impairment charge
(in thousands)			(Level 1)		(Level 2)		(Level 3)
Customer lists	$	—	$	—	$	—	$	—	$	8,397
Internal-use software	2,172		—		—		2,172		6,932
Small business distributor	7,622		—		—		7,622		2,752
Assets held for sale	1,412		—		—		1,412		2,227
Trade names	—		—		—		—		2,182
Technology-based intangibles	—		—		—		—		167
Goodwill									67,673
Total									$	90,330

Fair value of financial instruments

Information regarding the fair values of our financial instruments was as follows:

								Fair value measurements using
		March 31, 2020						Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)			Significant unobservable inputs (Level 3)
(in thousands)	Balance sheet location	Carrying value			Fair value
Measured at fair value through comprehensive (loss) income:
Cash equivalents	Funds held for customers	$	11,000		$	11,000		$	11,000	$	—		$	—
Available-for-sale debt securities	Funds held for customers	15,281			15,281			—		15,281			—
Derivative liability (Note 6)	Other non-current liabilities	(8,289		)	(8,289		)	—		(8,289		)	—
Amortized cost:
Cash	Cash and cash equivalents	310,146			310,146			310,146		—			—
Cash	Funds held for customers	64,657			64,657			64,657		—			—
Loans and notes receivable from Safeguard distributors	Other current and non-current assets	59,227			60,572			—		—			60,572
Long-term debt	Long-term debt	1,140,000			1,140,000			—		1,140,000			—

								Fair value measurements using
		December 31, 2019						Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)			Significant unobservable inputs (Level 3)
(in thousands)	Balance sheet location	Carrying value			Fair value
Measured at fair value through comprehensive (loss) income:
Cash equivalents	Funds held for customers	$	18,000		$	18,000		$	18,000	$	—		$	—
Available-for-sale debt securities	Funds held for customers	16,450			16,450			—		16,450			—
Derivative liability (Note 6)	Other non-current liabilities	(1,480		)	(1,480		)	—		(1,480		)	—
Amortized cost:
Cash	Cash and cash equivalents	73,620			73,620			73,620		—			—
Cash	Funds held for customers	83,191			83,191			83,191		—			—
Loans and notes receivable from Safeguard distributors	Other current and non-current assets	70,383			68,887			—		—			68,887
Long-term debt	Long-term debt	883,500			883,500			—		883,500			—