ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2018

Accounts Payable and Accrued Liabilities [Abstract]

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

As of December 31, 2018 and 2017, accounts payable and accrued liabilities consisted of the following:



	2018		2017

	(in thousands)
Customer deposits	$	406,117	$	397,085
Contract liabilities⁽¹⁾	146,947		101,029
Compensation and benefits	117,739		102,187
Payment network fees	96,495		97,304
Trade accounts payable	76,229		47,391
Income taxes payable⁽²⁾	51,108		35,405
Commissions payable to third parties	24,998		35,855
Third-party processing fees	24,987		24,267
Unclaimed property	24,369		26,468
Current portion of accrued buyout liability⁽³⁾	14,011		20,739
Other	193,703		151,877
	$	1,176,703	$	1,039,607

⁽¹⁾Following the adoption of ASC 606 on January 1, 2018, amounts previously reported as unearned revenue are now a component of contract liabilities.

⁽²⁾The 2017 U.S. Tax Act created a territorial tax system (with a one-time mandatory "transition" tax on previously deferred foreign earnings), effective January 1, 2018. In 2017, upon the enactment of the new tax law, we recognized an estimate for income taxes payable of $63.7 million on previously deferred foreign earnings, of which $55.7 million was included in other noncurrent liabilities on the consolidated balance sheet at December 31, 2017. As of December 31, 2018, we have no liability for the transition tax on previously deferred foreign earnings.

⁽³⁾The noncurrent portion of accrued buyout liability of $59.4 million and $64.1 million is included in other noncurrent liabilities on the consolidated balance sheets as of December 31, 2018 and 2017, respectively.