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Composition of Certain Balance Sheet Accounts | 9 Months Ended
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Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Composition of Certain Balance Sheet Accounts |
8. | Composition of Certain Balance Sheet Accounts
Prepaid expenses and other current assets as of September 30, 2020 and December 31, 2019 were as follows (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Contract assets |  | $ | 1,670 |  |  | $ | 540 |
Restricted cash |  |  | 560 |  |  |  | 560 |
Other |  |  | 4,218 |  |  |  | 5,713 |
Total prepaid expenses and other current assets |  | $ | 6,448 |  |  | $ | 6,813 |
Property and equipment as of September 30, 2020 and December 31, 2019 were as follows (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Office equipment, furniture, fixtures and other |  | $ | 10,650 |  |  | $ | 10,526 |
Leasehold improvements |  |  | 12,012 |  |  |  | 12,012 |
Network equipment |  |  | 139,049 |  |  |  | 138,727 |
|  |  | 161,711 |  |  |  | 161,265 |
Accumulated depreciation |  |  | (97,404 | ) |  |  | (92,082 | )
Total property and equipment, net |  | $ | 64,307 |  |  | $ | 69,183 |
Other non-current assets as of September 30, 2020 and December 31, 2019 were as follows (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Contract assets, net of allowances of $320 and $0, respectively (1) |  | $ | 8,719 |  |  | $ | 2,588 |
Restricted cash |  |  | 5,101 |  |  |  | 7,099 |
Other |  |  | 1,542 |  |  |  | 2,434 |
Total other non-current assets |  | $ | 15,362 |  |  | $ | 12,121 |
(1) | Allowances for contract assets as of September 30, 2020 is due to the adoption of ASC 326. See Note 10, “Composition of Certain Reserves and Allowances,” for additional information.
Accrued liabilities as of September 30, 2020 and December 31, 2019 were as follows (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Accrued interest |  | $ | 43,427 |  |  | $ | 17,048 |
Operating leases |  |  | 7,197 |  |  |  | 7,580 |
Employee compensation and benefits (1) |  |  | 11,296 |  |  |  | 9,818 |
Taxes |  |  | 1,950 |  |  |  | 5,037 |
Current portion of ABL Credit Facility (2) |  |  | 6,000 |  |  |  | - |
Warranty reserve |  |  | 2,050 |  |  |  | 2,500 |
Other |  |  | 5,981 |  |  |  | 6,087 |
Total accrued liabilities |  | $ | 77,901 |  |  | $ | 48,070 |
(1) | Includes certain amounts expected to be paid in Gogo common stock for employees classified within discontinued operations. See Note, 17 “Employee Retirement and Postretirement Benefits,” for additional information.
(2) | See Note 11, “Long-Term Debt and Other Liabilities,” for additional information.
Other non-current liabilities as of September 30, 2020 and December 31, 2019 were as follows (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Asset retirement obligations |  | $ | 4,296 |  |  | $ | 4,093 |
Deferred tax liabilities |  |  | 2,474 |  |  |  | 2,340 |
Employee compensation (1) |  |  | 1,308 |  |  |  | - |
Other |  |  | 2,825 |  |  |  | 1,098 |
Total other non-current liabilities |  | $ | 10,903 |  |  | $ | 7,531 |
(1) | Includes certain amounts expected to be paid in Gogo common stock for employees classified within discontinued operations. See Note, 17 “Employee Retirement and Postretirement Benefits,” for additional information.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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