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Other Balance Sheet Items
 9 Months Ended
Sep. 30, 2024
Balance Sheet Related Disclosures [Abstract]  
Other Balance Sheet Items Selected Balance Sheet Items
Other Current Assets
Other current assets consist of the following: 
September 30,December 31,
20242023
 (In millions)
Prepaid expenses$31.4 $23.3 
Prepaid registry fees24.4 23.8 
Taxes receivable9.8 7.3 
Accounts receivable, net6.0 6.3 
Other0.9 1.2 
Total other current assets$72.5 $61.9 
Other Long-Term Assets
Other long-term assets consist of the following: 
September 30,December 31,
20242023
(In millions)
Operating lease right-of-use asset$10.1 $7.4 
Long-term prepaid expenses9.8 4.8 
Long-term prepaid registry fees8.3 8.3 
Restricted cash5.4 5.4 
Other3.0 3.1 
Total other long-term assets$36.6 $29.0 
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.
Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consist of the following: 
September 30,December 31,
20242023
 (In millions)
Accounts payable and accrued expenses$8.4 $12.5 
Customer deposits77.1 77.2 
Taxes payable61.4 49.5 
Accrued employee compensation54.2 61.2 
Interest payable24.6 19.5 
Accrued registry fees13.0 12.3 
Customer incentives payable6.9 6.5 
Current operating lease liabilities5.8 5.1 
Foreign currency forward contracts0.3 10.7 
Other accrued liabilities3.8 2.9 
Total accounts payable and accrued liabilities$255.5 $257.4 
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. 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, 2023 was paid during the nine months ended September 30, 2024. Interest payable varies at each period-end based on the payment due dates for each senior note issuance. The liability related to the unrealized loss on foreign currency forward contracts as of December 31, 2023 was remeasured and paid upon settlement of the forward contract during the nine months ended September 30, 2024.
Senior Notes
Current and long-term senior notes as of September 30, 2024 reflects the classification of $299.7 million of the Company’s $500.0 million senior notes due April 1, 2025 (“2025 Senior Notes”), net of unamortized debt issuance costs, as current liabilities, and the remaining $200.0 million as long-term liabilities. Under existing market conditions, the Company intends to refinance all of its 2025 Senior Notes through the issuance of new long-term debt. As of September 30, 2024, the Company has $200.0 million in borrowing capacity under its credit facility which matures in 2028. If a suitable refinancing arrangement is not available due to a change in market conditions, the Company intends to utilize the credit facility to repay $200.0 million of the 2025 Senior Notes.
Long-term Tax and Other Liabilities
Long-term tax and other liabilities consist of the following:
September 30,December 31,
20242023
(In millions)
Long-term tax liabilities$11.8 $34.1 
Long-term operating lease liabilities4.4 2.2 
Long-term tax and other liabilities$16.2 $36.3 
Long-term tax liabilities as of September 30, 2024 reflects a $24.1 million reclassification to current liabilities of the final installment of the transition tax liability on accumulated foreign earnings resulting from the 2017 Tax Cuts and Jobs Act.