XML 25 R10.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Other Balance Sheet Items | 12 Months Ended
--- | ---
Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract] |
Details of Certain Balance Sheet Accounts Disclosure Block | Note 3. Selected Balance Sheet Items Other Current Assets Other current assets consist of the following:
| As of December 31,
| 2023 |  | 2022
| (In millions)
Prepaid registry fees | $ | 23.8 |  |  | $ | 24.3 |
Prepaid expenses | 23.3 |  |  | 24.5 |
Taxes receivable | 7.3 |  |  | 1.9 |
Accounts receivable, net | 6.3 |  |  | 6.2 |
Other | 1.2 |  |  | 1.4 |
Total other current assets | $ | 61.9 |  |  | $ | 58.3 |
Property and Equipment, Net The following table presents the detail of property and equipment, net:
| As of December 31,
| 2023 |  | 2022
| (In millions)
Computer equipment and software | $ | 409.0 |  |  | $ | 402.7 |
Buildings and building improvements | 261.3 |  |  | 257.5 |
Land | 37.9 |  |  | 31.1 |
Office equipment and furniture | 11.0 |  |  | 10.4 |
Capital work in progress | 16.1 |  |  | 3.6 |
Leasehold improvements | 1.6 |  |  | 1.5 |
Total cost | 736.9 |  |  | 706.8 |
Less: accumulated depreciation | (503.7) |  |  | (474.8) |
Total property and equipment, net | $ | 233.2 |  |  | $ | 232.0 |
In July 2023, the Company purchased a building in Reston, Virginia to be used as its future corporate headquarters for $19.8 million. Based on a valuation of the property, $13.0 million of the total purchase price was allocated to the building which is included in capital work in progress in the table above due to ongoing construction. The remaining $6.8 million was allocated to land. 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,
| 2023 |  | 2022
| (In millions)
Goodwill, gross | $ | 1,537.8 |  |  | $ | 1,537.8 |
Accumulated goodwill impairment | (1,485.3) |  |  | (1,485.3) |
Total goodwill | $ | 52.5 |  |  | $ | 52.5 |
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,
| 2023 |  | 2022
| (In millions)
Long-term prepaid registry fees | $ | 8.3 |  |  | $ | 9.1 |
Operating lease right-of-use asset | 7.4 |  |  | 7.2 |
Restricted cash | 5.4 |  |  | 5.4 |
Long-term prepaid expenses | 4.8 |  |  | 6.6 |
Other | 3.1 |  |  | 2.3 |
Total other long-term assets | $ | 29.0 |  |  | $ | 30.6 |
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, 2023 reflects amortization of $39.5 million during 2023 which was recorded in Cost of Revenues. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following:
| As of December 31,
| 2023 |  | 2022
| (In millions)
Accounts payable and accrued expenses | $ | 12.5 |  |  | $ | 9.8 |
Customer deposits | 77.2 |  |  | 72.0 |
Accrued employee compensation | 61.2 |  |  | 59.0 |
Taxes payable | 49.5 |  |  | 37.4 |
Interest payable | 19.5 |  |  | 19.5 |
Accrued registry fees | 12.3 |  |  | 12.7 |
Unrealized loss on foreign currency forward contracts | 10.7 |  |  | 0.1 |
Customer incentives payable | 6.5 |  |  | 7.1 |
Current operating lease liabilities | 5.1 |  |  | 5.5 |
Other accrued liabilities | 2.9 |  |  | 3.4 |
Total accounts payable and accrued liabilities | $ | 257.4 |  |  | $ | 226.5 |
The balance of customer deposits varies from period to period due to the timing of payments from certain large customers. Taxes payable reflects amounts accrued for the income tax provision and payments made during the period. This balance fluctuates from period to period due to the timing of income tax payments in the Company’s major tax jurisdictions. Long-term Tax and Other Liabilities Long-term tax and other liabilities consist of the following:
| As of December 31,
| 2023 |  | 2022
| (In millions)
Long-term tax liabilities | $ | 34.1 |  |  | $ | 60.5 |
Long-term operating lease liabilities | 2.2 |  |  | 1.6 |
Long-term tax and other liabilities | $ | 36.3 |  |  | $ | 62.1 |
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”) resulting from the 2017 Tax Cuts and Jobs Act.

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Details of Certain Balance Sheet Accounts Disclosure Block + References No definition available. + Details
Name: | vrsn_DetailsOfCertainBalanceSheetAccountsDisclosureBlockTextBlock
Namespace Prefix: | vrsn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration