v3.19.3

CUSTOMER FUNDS (Tables)

9 Months Ended

Sep. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Assets Underlying Customer Funds

The following table presents the assets underlying customer funds (in thousands):

	September 30, 2019				December 31, 2018
Cash	$	407,719			$	158,697
Cash Equivalents:
Money market funds	388				18
U.S. agency securities	21,667				39,991
U.S. government securities	6,999				35,349
Short-term debt securities:
U.S. agency securities	1,654				27,291
U.S. government securities	222,172				72,671
Total	$	660,599			$	334,017

Investments within Customer Funds

The Company's investments within customer funds as of December 31, 2018 are as follows (in thousands):

	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Short-term debt securities:
U.S. agency securities	$	27,293			$	2			$	(4	)		$	27,291
U.S. government securities	72,662				12				(3		)		72,671
Total	$	99,955			$	14			$	(7	)		$	99,962

The Company's investments within customer funds as of September 30, 2019 are as follows (in thousands):

	Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Short-term debt securities:
U.S. agency securities	$	1,657			$	—			$	(3	)		$	1,654
U.S. government securities	222,193				39				(60		)		222,172
Total	$	223,850			$	39			$	(63	)		$	223,826

Contractual Maturities of Investments within Customer Funds

The contractual maturities of the Company's short-term and long-term investments as of September 30, 2019 are as follows (in thousands):

	Amortized Cost				Fair Value
Due in one year or less	$	557,380			$	557,656
Due in one to five years	564,889				564,508
Total	$	1,122,269			$	1,122,164

The contractual maturities of the Company's investments within customer funds as of September 30, 2019 are as follows (in thousands):

	Amortized Cost				Fair Value
Due in one year or less	$	223,850			$	223,826
Total	$	223,850			$	223,826

X

- Definition

Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration