XML 21 R11.htm IDEA: XBRL DOCUMENT v3.21.2
SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION
 6 Months Ended
Jun. 30, 2021
Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]  
SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION SUPPLEMENTAL CONDENSED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION
The following table summarizes other income (expense), net for the three and six months ended June 30, 2021 and 2020 (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2021202020212020
Interest income$1,327 $1,430 $2,482 $3,986 
Interest expense(5,473)(8,009)(10,589)(14,967)
Impairment and other changes in fair value of investments4,245 — 4,245 (8,089)
Loss on extinguishment of debt(5,090)— (5,090)— 
Foreign currency gains (losses), net and other (1)
2,064 4,884 24,148 (1,612)
Other income (expense), net$(2,927)$(1,695)$15,196 $(20,682)
(1)Includes a $32.3 million cumulative foreign currency translation adjustment gain that was reclassified into earnings for the six months ended June 30, 2021 as a result of the substantial liquidation of our subsidiary in Japan as part of our restructuring actions. See Note 9, Restructuring and Related Charges, for additional information.
The following table summarizes prepaid expenses and other current assets as of June 30, 2021 and December 31, 2020 (in thousands):
June 30, 2021December 31, 2020
Prepaid expenses$20,956 $18,038 
Income taxes receivable6,674 5,437 
Other17,256 16,966 
Total prepaid expenses and other current assets$44,886 $40,441 
The following table summarizes other non-current assets as of June 30, 2021 and December 31, 2020 (in thousands):
June 30, 2021December 31, 2020
Deferred income tax$11,615 $11,593 
Debt issue costs, net957 1,852 
Deferred contract acquisition costs6,771 5,315 
Deferred cloud implementation costs10,760 10,402 
Other4,592 5,165 
Total other non-current assets$34,695 $34,327 
The following table summarizes accrued merchant and supplier payables as of June 30, 2021 and December 31, 2020 (in thousands):
June 30, 2021December 31, 2020
Accrued merchant payables$255,306 $303,260 
Accrued supplier payables (1)
34,577 107,703 
Total accrued merchant and supplier payables$289,883 $410,963 
(1)Includes payables to suppliers of inventories and providers of shipping and fulfillment services.
The following table summarizes accrued expenses and other current liabilities as of June 30, 2021 and December 31, 2020 (in thousands):
June 30, 2021December 31, 2020
Refund reserve$29,692 $33,173 
Compensation and benefits50,367 54,958 
Accrued marketing16,389 15,299 
Restructuring-related liabilities16,873 13,746 
Customer credits75,530 61,006 
Income taxes payable2,263 7,862 
Deferred revenue5,786 11,223 
Operating and finance lease obligations34,433 37,755 
Deferred cloud computing contract incentive3,000 3,000 
Other (1)
48,589 56,977 
Total accrued expenses and other current liabilities$282,922 $294,999 
(1)Includes $2.9 million in certain payroll taxes under the Coronavirus Aid, Relief and Economic Security ("CARES") Act. These amounts are due by December 31, 2021.
The following table summarizes other non-current liabilities as of June 30, 2021 and December 31, 2020 (in thousands):
June 30, 2021December 31, 2020
Contingent income tax liabilities$26,356 $25,593 
Deferred income taxes3,492 3,170 
Deferred cloud computing contract incentive2,750 4,250 
Other (1)
10,006 11,415 
Total other non-current liabilities$42,604 $44,428 
(1)Includes $2.9 million in certain payroll taxes under the CARES Act. These amounts are due by December 31, 2022.