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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$748,181 $650,946 
Trade accounts payable249,610 206,980 
Compensation and benefits222,470 246,109 
Contract liabilities197,564 183,625 
Payment network fees221,349 244,744 
Income taxes206,917 136,395 
Interest171,220 166,039 
Third-party commissions86,955 92,827 
Operating leases58,036 64,371 
Miscellaneous taxes and withholdings57,883 53,055 
Third-party processing fees36,251 29,593 
Unclaimed property24,328 22,552 
Audit and legal15,575 16,723 
Current portion of accrued buyout liability(1)
14,358 13,719 
Other315,462 255,845 
$2,626,159 $2,383,523 

(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.