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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
 12 Months Ended
Dec. 31, 2020
Accounts Payable and Accrued Liabilities [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
 
As of December 31, 2020 and 2019, accounts payable and accrued liabilities consisted of the following: 
 20202019
 (in thousands)
Funds held for customers$645,863 $392,375 
Contract liabilities217,938 193,405 
Compensation and benefits194,090 212,016 
Payment network fees166,880 154,789 
Trade accounts payable128,721 148,084 
Operating lease liabilities103,706 88,812 
Third-party commissions74,391 68,592 
Miscellaneous taxes and withholdings68,048 48,738 
Interest62,865 61,296 
Audit and legal44,146 26,080 
Unclaimed property32,497 26,331 
Third-party processing fees24,619 28,041 
Settlement of common share repurchases20,000 17,200 
Current portion of accrued buyout liability(1)
16,180 14,817 
Income taxes payable13,517 56,426 
Other247,923 285,164 
$2,061,384 $1,822,166 

(1) The noncurrent portion of accrued buyout liability of $30.7 million and $34.2 million is included in other noncurrent liabilities on the consolidated balance sheets as of December 31, 2020 and 2019, respectively.

At December 31, 2020 and 2019, accounts payable and accrued liabilities in the consolidated balance sheet included obligations totaling $48.4 million and $37.3 million, respectively, for employee termination benefits resulting from Merger-related integration activities. During the year ended December 31, 2020, we recognized charges for employee termination benefits of $83.3 million, which included $6.7 million of share-based compensation expense. During the year ended December 31, 2019, we recognized charges for employee termination benefits of $57.1 million, which included $17.3 million of share-based compensation expense. As of December 31, 2020, the cumulative amount of recognized charges for employee termination benefits resulting from Merger-related integration activities was $140.4 million, which included $24.0 million of share-based compensation expense. 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 and related expenses may be incurred as Merger-related integration activities continue in 2021.