Other Balance Sheet Items

Other Current Assets

Other current assets consist of the following:



	March 31,		December 31,
	2019		2018
	(In thousands)
Prepaid registry fees	$	21,503	$	20,696
Contingent consideration receivable	14,721		—
Prepaid expenses	13,824		14,109
Accounts receivable, net	5,995		6,029
Income taxes receivable	4,697		4,451
Other	1,537		2,080
Total other current assets	$	62,277	$	47,365

Other Long-Term Assets

Other long-term assets consist of the following:



	March 31,		December 31,
	2019		2018
	(In thousands)
Restricted cash	$	9,355	$	9,338
Operating lease right-of-use asset	8,115		—
Long-term prepaid registry fees	7,945		7,779
Other tax receivable	5,673		5,673
Contingent consideration receivable	—		14,721
Other	3,365		3,535
Total other long-term assets	$	34,453	$	41,046

As a result of the adoption of ASC 842, Leases, in the first quarter of 2019, the Company recorded right-of-use assets for operating leases of $8.1 million as of March 31, 2019. The current and long-term prepaid registry fees in the tables above relate to the fees the Company pays to ICANN for each annual increment of .com domain name registrations and renewals which are deferred and amortized over the domain name registration term. The amount of prepaid registry fees as of March 31, 2019 reflects amortization of $8.5 million during the three months ended March 31, 2019 which was recorded in Cost of Revenues.

The contingent consideration receivable in the tables above related to the estimated amount due from Neustar, Inc. (“Neustar”) in the first quarter of 2020, was reclassified from Other long-term assets as of December 31, 2018 to Other current assets as of March 31, 2019.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:



	March 31,		December 31,
	2019		2018
	(In thousands)
Accounts payable	$	7,028	$	10,445
Customer deposits, net	52,653		57,025
Interest payable	33,171		24,318
Accrued employee compensation	25,811		54,746
Taxes payable and other tax liabilities	25,079		18,961
Accrued registry fees	12,357		11,029
Payables to buyer	6,709		9,875
Current operating lease liability	3,183		—
Other accrued liabilities	18,005		28,809
Total accounts payable and accrued liabilities	$	183,996	$	215,208

Customer deposits primarily relate to advance payments to cover domain name registration activity by registrars. The balance of customer deposits can fluctuate significantly due to the timing of payments from large customers. Interest payable varies at each period-end based on the payment due dates for each Senior Note issuance. Accrued employee compensation primarily consists of liabilities for employee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. Accrued employee incentive compensation as of December 31, 2018, was paid during the three months ended March 31, 2019. Taxes payable and other tax liabilities as of March 31, 2019 includes approximately $13.1 million of foreign withholding taxes payable related to the repatriation of funds held by foreign subsidiaries in the first quarter of 2019. Payables to buyer relate to amounts due to Neustar for estimated collections from Security Services customers of any billings after the closing date and until the customer contracts are assigned to Neustar. Other liabilities include amounts payable to registrars related to rebates and marketing programs as well as other miscellaneous liabilities. These amounts may vary from period to period due to the timing of payments.

Long-term tax and other liabilities



	March 31,		December 31,
	2019		2018
	(In thousands)
Long-term tax liabilities	$	304,187	$	281,621
Long-term operating lease liability	4,932		—
Long-term tax and other liabilities	$	309,119	$	281,621

Long-term tax liabilities as of March 31, 2019 also reflects the reclassification of unrecognized tax benefits during the three months ended March 31, 2019, as deferred tax assets related to tax credits and loss carryforwards are no longer available to offset the liabilities. The current and long-term lease liabilities in the tables above relate to the lease obligations recorded as a result of the adoption of ASC 842, Leases, during the first quarter of 2019.