ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2019

Accounts Payable and Accrued Liabilities [Abstract]

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

As of December 31, 2019 and 2018, accounts payable and accrued liabilities consisted of the following:



	2019		2018

	(in thousands)

Funds held for customers	$	392,375	$	454,588
Compensation and benefits	266,967		117,739
Contract liabilities	193,405		146,947
Payment network fees	154,789		96,495
Trade accounts payable	148,084		76,229
Operating lease liabilities	88,812		—
Interest	61,296		1,671
Income taxes payable	56,426		51,108
Miscellaneous taxes and withholdings	48,738		15,436
Third-party processing fees	28,041		24,987
Unclaimed property	26,331		24,369
Audit and legal fees	26,080		7,543
Settlement of common share repurchases	17,200		4,000
Current portion of accrued buyout liability⁽¹⁾	14,817		14,011
Third-party commissions	13,641		24,998
Other	285,164		116,582
	$	1,822,166	$	1,176,703

⁽¹⁾The noncurrent portion of accrued buyout liability of $34.2 million and $59.4 million is included in other noncurrent liabilities on the consolidated balance sheets as of December 31, 2019 and 2018, respectively.

At December 31, 2019, accrued liabilities (compensation and benefits) included obligations totally $37.3 million for one-time employee termination benefits resulting from Merger-related integration activities. During the year ended December 31, 2019, we recognized charges of $57.1 million for actions taken to date, which included $17.3 million of share-based compensation expense based on accelerated vesting periods for equity awards held by terminated employees. These charges are recorded within selling, general and administrative expenses in our consolidated statements of income and included within Corporate expenses for segment reporting purposes. New obligations may arise as Merger-related integration activities continue in 2020.