ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2017

Accounts Payable and Accrued Liabilities [Abstract]

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

As of December 31, 2017 and 2016, accounts payable and accrued liabilities consisted of the following:



	2017		2016

	(in thousands)
Customer deposits	$	397,085	$	303,353
Compensation and benefits	102,187		94,190
Unearned revenue	101,029		69,437
Payment network fees	97,304		87,591
Trade accounts payable	47,391		28,178
Commissions payable to third parties	35,855		39,370
Income taxes payable⁽¹⁾	35,405		16,810
Unclaimed property	26,468		15,156
Third-party processing fees	24,267		24,971
Current portion of accrued buyout liability⁽²⁾	20,739		19,392
Other	151,877		106,439
	$	1,039,607	$	804,887

⁽¹⁾The 2017 U.S. Tax Act creates a territorial tax system (with a one-time mandatory "transition" tax on previously deferred foreign earnings), effective January 1, 2018. The transition tax on those deemed repatriated earnings may be paid over eight years. We recorded income taxes payable of $63.7 million on previously deferred foreign earnings, of which $55.7 million is included in other noncurrent liabilities on the consolidated balance sheet as of December 31, 2017 since those payments are not due within the next 12 months.

⁽²⁾The noncurrent portion of accrued buyout liability of $64.1 million and $58.6 million is included in other noncurrent liabilities on the consolidated balance sheets as of December 31, 2017 and 2016, respectively.