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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
 12 Months Ended
Dec. 31, 2024
Accounts Payable and Accrued Liabilities [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
 
As of December 31, 2024 and 2023, accounts payable and accrued liabilities consisted of the following:
 
 20242023
 (in thousands)
Funds held for customers$938,416 $817,180 
Trade accounts payable320,085 290,437 
Compensation and benefits248,970 276,441 
Contract liabilities242,769 229,686 
Payment network fees222,621 246,102 
Income taxes209,037 139,825 
Interest171,220 166,039 
Third-party commissions87,431 93,387 
Operating leases71,607 81,696 
Miscellaneous taxes and withholdings69,523 59,601 
Third-party processing fees36,251 29,593 
Unclaimed property24,413 22,560 
Audit and legal22,995 22,748 
Current portion of accrued buyout liability(1)
14,358 13,719 
Other400,228 335,965 
$3,079,924 $2,824,979 

(1) The noncurrent portion of accrued buyout liability of $23.5 million and $69.1 million is included in other noncurrent liabilities in the consolidated balance sheets as of December 31, 2024 and 2023, respectively.

During the year ended December 31, 2024, certain actions were taken to align our workforce to our new operating model. During the year ended December 31, 2024, we recognized charges for employee termination benefits of $99.6 million, which included $19.4 million of share-based compensation expense. These charges are presented within selling, general and administrative expenses in our consolidated statements of income and included within Corporate expenses for segment reporting purposes. At December 31, 2024, accounts payable and accrued liabilities in the consolidated balance sheet included obligations totaling $6.3 million for employee termination benefits, which are expected to be paid within the next 12 months.