Other Balance Sheet Items

3 Months Ended

Mar. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Selected Balance Sheet Items

Other Current Assets

Other current assets consist of the following:


	March 31,		December 31,
	2021		2020
	(In thousands)
Prepaid registry fees	$	23,532	$	22,654
Prepaid expenses	22,996		17,920
Accounts receivable, net	5,135		4,642
Taxes receivable	1,180		3,572
Other	1,531		2,245
Total other current assets	$	54,374	$	51,033

Other Long-Term Assets

Other long-term assets consist of the following:


	March 31,		December 31,
	2021		2020
	(In thousands)
Operating lease right-of-use asset	$	10,979	$	11,277
Long-term prepaid expenses	10,368		7,105
Restricted cash	9,407		9,407
Long-term prepaid registry fees	8,231		7,997
Other tax receivable	969		969
Other	1,154		1,203
Total other long-term assets	$	41,108	$	37,958

The current and long-term prepaid registry fees in the tables above relate to the fees the Company pays to Internet Corporation for Assigned Names and Numbers (“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, 2021 reflects amortization of $9.3 million during the three months ended March 31, 2021 which was recorded in Cost of Revenues.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	March 31,		December 31,
	2021		2020
	(In thousands)
Accounts payable and accrued expenses	$	11,253	$	12,340
Customer deposits	46,595		53,631
Taxes payable and other tax liabilities	45,227		27,194
Interest payable	33,105		24,408
Accrued employee compensation	32,789		54,596
Accrued registry fees	14,481		13,090
Customer incentives payable	8,473		12,556
Other accrued liabilities	9,540		10,827
Total accounts payable and accrued liabilities	$	201,463	$	208,642

Customer deposits primarily relate to advance payments to cover domain name registration activity by registrars. Taxes payable and other tax liabilities reflect amounts accrued for the income tax provision and payments made during the period. 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, 2020, was paid during the three months ended March 31, 2021. Customer incentives payable includes amounts related to rebates and marketing programs payable to registrars. These amounts may vary from period to period due to the timing of payments.