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Consolidated Financial Statement Details | 6 Months Ended
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Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Consolidated Financial Statement Details |
5. Consolidated Financial Statement Details
Restricted cash
(dollars in thousands) | June 30, 2023 | December 31, 2022
Restricted cash due to customers | $ | 760,114 |  | $ | 700,611 |
Real estate escrow balances and other | 1,175 |  | 1,629 |
Total restricted cash | $ | 761,289 |  | $ | 702,240 |
Prepaid expenses and other assets
(dollars in thousands) | June 30, 2023 | December 31, 2022
Costs of obtaining contracts(1)(2) | $ | 68,366 |  | $ | 74,272 |
Prepaid software maintenance and subscriptions(3) | 31,587 |  | 34,766 |
Derivative instruments | 26,978 |  | 32,117 |
Implementation costs for cloud computing arrangements, net(4)(5) | 10,237 |  | 10,189 |
Prepaid insurance | 8,340 |  | 4,902 |
Unbilled accounts receivable | 5,082 |  | 5,775 |
Taxes, prepaid and receivable | 1,389 |  | 1,855 |
Deferred tax assets | 1,156 |  | 1,153 |
Other assets | 12,716 |  | 10,929 |
Total prepaid expenses and other assets | 165,851 |  | 175,958 |
Less: Long-term portion | 84,254 |  | 94,304 |
Prepaid expenses and other current assets | $ | 81,597 |  | $ | 81,654 |
(1)Amortization expense from costs of obtaining contracts was $8.1 million and $16.4 million for the three and six months ended June 30, 2023, respectively, and $8.5 million and $17.0 million for the three and six months ended June 30, 2022, respectively. (2)The current portion of costs of obtaining contracts as of June 30, 2023 and December 31, 2022 was $27.3 million and $29.1 million, respectively. (3)The current portion of prepaid software maintenance and subscriptions as of June 30, 2023 and December 31, 2022 was $28.0 million and $31.7 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 June 30, 2023 and 2022, respectively, and $1.1 million and $1.1 million for the six months ended June 30, 2023 and 2022, respectively. Accumulated amortization for these costs was $6.3 million and $5.2 million as of June 30, 2023 and December 31, 2022, respectively. Accrued expenses and other liabilities
(dollars in thousands) | June 30, 2023 | December 31, 2022
Accrued legal costs(1) | $ | 55,888 |  | $ | 28,448 |
Taxes payable | 14,305 |  | 16,667 |
Customer credit balances | 7,588 |  | 8,257 |
Operating lease liabilities, current portion | 7,330 |  | 7,723 |
Accrued commissions and salaries | 4,329 |  | 6,944 |
Accrued health care costs | 2,932 |  | 2,467 |
Derivative instruments | 2,467 |  | 323 |
Accrued vacation costs | 2,004 |  | 2,156 |
Accrued transaction-based costs related to payments services | 1,545 |  | 5,059 |
Contingent consideration liability | 1,379 |  | 2,710 |
Other liabilities | 7,736 |  | 9,542 |
Total accrued expenses and other liabilities | 107,503 |  | 90,296 |
Less: Long-term portion | 4,756 |  | 4,294 |
Accrued expenses and other current liabilities | $ | 102,747 |  | $ | 86,002 |
(1)All accrued legal costs are classified as current. See Note 8 to these unaudited, condensed consolidated financial statements for additional information about our loss contingency accruals and other legal expenses. Other income, net
| Three months ended June 30, |  | Six months ended June 30,
(dollars in thousands) | 2023 | 2022 |  | 2023 | 2022
Interest income | $ | 2,308 |  | $ | 114 |  |  | $ | 3,544 |  | $ | 237 |
Currency revaluation (losses) gains | (535) |  | 2,271 |  |  | (779) |  | 2,853 |
Other income, net | 1,005 |  | 748 |  |  | 2,020 |  | 1,164 |
Other income, net | $ | 2,778 |  | $ | 3,133 |  |  | $ | 4,785 |  | $ | 4,254 |

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