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Consolidated Financial Statement Details | 9 Months Ended
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Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Consolidated Financial Statement Details |
7. Consolidated Financial Statement Details
Restricted cash
(dollars in thousands) | September 30, 2022 | December 31, 2021
Restricted cash due to customers | $ | 342,452 |  | $ | 593,296 |
Letters of credit for operating leases | — |  | 2,186 |
Real estate escrow balances and other | 1,476 |  | 1,134 |
Total restricted cash | $ | 343,928 |  | $ | 596,616 |
Prepaid expenses and other assets
(dollars in thousands) | September 30, 2022 | December 31, 2021
Costs of obtaining contracts(1)(2) | $ | 72,673 |  | $ | 78,465 |
Derivative instruments | 34,584 |  | 7,160 |
Prepaid software maintenance and subscriptions(3) | 27,392 |  | 28,880 |
Implementation costs for cloud computing arrangements, net(4)(5) | 10,461 |  | 11,892 |
Receivables for probable insurance recoveries(6)(7) | — |  | 18,202 |
Prepaid insurance | 7,155 |  | 5,363 |
Unbilled accounts receivable | 7,109 |  | 5,443 |
Taxes, prepaid and receivable | 4,042 |  | 3,986 |
Deferred tax assets | 1,471 |  | 1,546 |
Other assets | 14,128 |  | 11,835 |
Total prepaid expenses and other assets | 179,015 |  | 172,772 |
Less: Long-term portion | 95,376 |  | 77,266 |
Prepaid expenses and other current assets | $ | 83,639 |  | $ | 95,506 |
(1)Amortization expense from costs of obtaining contracts was $8.4 million and $25.4 million for the three and nine months ended September 30, 2022, respectively, and $8.8 million and $26.9 million for the three and nine months ended September 30, 2021. (2)The current portion of costs of obtaining contracts as of September 30, 2022 and December 31, 2021 was $28.6 million and $30.2 million, respectively. (3)The current portion of prepaid software maintenance and subscriptions as of September 30, 2022 and December 31, 2021 was $24.8 million and $24.7 million, respectively. (4)These costs primarily relate to the multi-year implementations of our new global enterprise resource planning and customer relationship management systems. (5)Amortization expense from capitalized cloud computing implementation costs was insignificant for the three months ended September 30, 2022 and 2021, respectively, and $1.6 million and $1.3 million for the nine months ended September 30, 2022 and 2021, respectively. Accumulated amortization for these costs was $4.6 million and $3.0 million as of September 30, 2022 and December 31, 2021, respectively. (6)All receivables for probable insurance recoveries were classified as current. (7)See discussion of the Security Incident at Note 10 to these condensed consolidated financial statements. Accrued expenses and other liabilities
(dollars in thousands) | September 30, 2022 | December 31, 2021
Taxes payable(1) | $ | 28,133 |  | $ | 19,777 |
Accrued legal costs(2) | 15,051 |  | 11,724 |
Operating lease liabilities, current portion | 8,144 |  | 9,170 |
Customer credit balances | 7,488 |  | 8,403 |
Accrued commissions and salaries | 4,503 |  | 7,872 |
Contingent consideration liability(3) | 2,710 |  | — |
Accrued vacation costs | 2,369 |  | 2,234 |
Accrued health care costs | 2,305 |  | 3,042 |
Accrued transaction-based costs related to payments services | 2,142 |  | 5,427 |
Accrued bonuses | 1,705 |  | 5,829 |
Unrecognized tax benefit | 1,671 |  | 1,248 |
Amounts payable to former EVERFI option holders(4) | — |  | 17,404 |
Other liabilities | 8,025 |  | 9,310 |
Total accrued expenses and other liabilities | 84,246 |  | 101,440 |
Less: Long-term portion | 5,775 |  | 1,344 |
Accrued expenses and other current liabilities | $ | 78,471 |  | $ | 100,096 |
(1)We deferred payments of the employer's portion of Social Security taxes during 2020 under the Coronavirus, Aid, Relief and Economic Security Act, half of which was due by t he end of calendar year 2021 with the remainder due by the end of calendar year 2022. (2)All accrued legal costs are classified as current. (3)See discussion of our acquisition of Kilter at Note 3 to these condensed consolidated financial statements. (4)Represents amounts that had not been paid by EVERFI to its former option holders as of December 31, 2021, solely due to the timing of the acquisition on the last day of 2021. See Note 3 to these condensed consolidated financial statements for additional information regarding our acquisition of EVERFI. Other income, net
| Three months ended September 30, |  | Nine months ended September 30,
(dollars in thousands) | 2022 | 2021 |  | 2022 | 2021
Interest income | $ | 671 |  | $ | 82 |  |  | $ | 908 |  | $ | 311 |
Currency revaluation gains (losses) | 2,991 |  | 609 |  |  | 5,843 |  | (558) |
Other income, net | 792 |  | 171 |  |  | 1,957 |  | 586 |
Other income, net | $ | 4,454 |  | $ | 862 |  |  | $ | 8,708 |  | $ | 339 |

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