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Other Balance Sheet Items | 12 Months Ended
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Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract] |
Other Balance Sheet Items | Other Balance Sheet Items Other Current Assets Other current assets consist of the following:
| As of December 31,
| 2019 |  | 2018
| (In thousands)
Prepaid registry fees | $ | 21,717 |  |  | $ | 20,696 |
Prepaid expenses | 19,818 |  |  | 14,109 |
Contingent consideration receivable | 14,721 |  |  | — |
Accounts receivable, net | 1,524 |  |  | 6,029 |
Income taxes receivable | 1,111 |  |  | 4,451 |
Other | 1,639 |  |  | 2,080 |
Total other current assets | $ | 60,530 |  |  | $ | 47,365 |
Property and Equipment, Net The following table presents the detail of property and equipment, net:
| As of December 31,
| 2019 |  | 2018
| (In thousands)
Computer equipment and software | $ | 470,237 |  |  | $ | 461,829 |
Buildings and building improvements | 248,885 |  |  | 247,870 |
Land | 31,141 |  |  | 31,141 |
Capital work in progress | 6,779 |  |  | 2,013 |
Office equipment and furniture | 8,437 |  |  | 6,912 |
Leasehold improvements | 1,458 |  |  | 1,403 |
Total cost | 766,937 |  |  | 751,168 |
Less: accumulated depreciation | (516,654 | ) |  | (497,263 | )
Total property and equipment, net | $ | 250,283 |  |  | $ | 253,905 |
Substantially all of the Company’s property and equipment were held in the U.S. for both periods presented. Goodwill The following table presents the detail of goodwill:
| As of December 31,
| 2019 |  | 2018
| (In thousands)
Goodwill, gross | $ | 1,537,843 |  |  | $ | 1,537,843 |
Accumulated goodwill impairment | (1,485,316 | ) |  | (1,485,316 | )
Total goodwill | $ | 52,527 |  |  | $ | 52,527 |
There was no impairment of goodwill or other long-lived assets recognized in any of the periods presented. Deposits to Acquire Intangible Assets The Company’s Deposit to acquire intangible assets represents the $145.0 million paid for the future assignment to the Company of contractual rights to the .web gTLD, pending resolution of objections by other applicants, and approval from ICANN. Upon assignment of the contractual rights, the Company will record the total investment as an indefinite-lived intangible asset. Other Long-Term Assets Other long-term assets consist of the following:
| As of December 31,
| 2019 |  | 2018
| (In thousands)
Restricted cash | $ | 9,405 |  |  | $ | 9,338 |
Long-term prepaid registry fees | 7,753 |  |  | 7,779 |
Other tax receivable | 6,927 |  |  | 5,673 |
Operating lease right-of-use asset | 9,133 |  |  | — |
Contingent consideration receivable | — |  |  | 14,721 |
Other | 6,594 |  |  | 3,535 |
Total other long-term assets | $ | 39,812 |  |  | $ | 41,046 |
The prepaid registry fees in the tables above relate to the fees the Company pays to ICANN for each annual term 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 December 31, 2019 reflects amortization of $34.6 million during 2019 which was recorded in Cost of Revenues. The operating lease right-of-use asset as of December 31, 2019 in the table above reflects amounts recognized in 2019 pursuant to the adoption of ASC 842, Leases. The contingent consideration receivable in the tables above relate to the estimated amount due from Neustar in the first quarter of 2020. The receivable was reclassified from Other long-term assets as of December 31, 2018 to Other current assets as of December 31, 2019. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following:
| As of December 31,
| 2019 |  | 2018
| (In thousands)
Accounts payable and accrued expenses | $ | 15,907 |  |  | $ | 17,263 |
Customer deposits, net | 52,804 |  |  | 57,025 |
Accrued employee compensation | 49,869 |  |  | 54,746 |
Taxes payable and other tax liabilities | 30,308 |  |  | 18,961 |
Interest Payable | 24,318 |  |  | 24,318 |
Customer incentives payable | 13,547 |  |  | 13,771 |
Accrued registry fees | 11,529 |  |  | 11,029 |
Payables to buyer | 331 |  |  | 9,875 |
Other accrued liabilities | 11,375 |  |  | 8,220 |
Total accounts payable and accrued liabilities | $ | 209,988 |  |  | $ | 215,208 |
Payables to buyer in the table above relate to amounts due to Neustar for estimated collections from customers of the divested security services business of any billings after the closing date and until the customer contracts are assigned to Neustar. Long-term tax and other liabilities
| As of December 31,
| 2019 |  | 2018
| (In thousands)
Long-term tax liabilities | $ | 308,112 |  |  | $ | 281,621 |
Long-term operating lease liabilities | 4,564 |  |  | — |
Long-term tax and other liabilities | $ | 312,676 |  |  | $ | 281,621 |
Long-term tax liabilities include accruals for unrecognized tax benefits and the long-term portion of the U.S. income taxes payable on the Company’s accumulated foreign earnings (“Transition Tax”) as discussed in Note 10. Income Taxes. Long-term operating lease liabilities as of December 31, 2019 in the table above relate to the lease obligations recorded as a result of the adoption of ASC 842, Leases, during 2019.

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