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Fair value measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Fair value measurements

sset impairment analyses completed during the quarter ended March 31, 2020 was as follows:

												Fair value measurements using
						Fair value as of measurement date						Quoted prices in active markets for identical assets						Significant other observable inputs						Significant unobservable inputs						Impairment charge
(in thousands)												(Level 1)						(Level 2)						(Level 3)
Intangible assets (Cloud Solutions Web Hosting reporting unit)(1)						$	2,172					$	—					$	—					$	2,172					$	17,678
Small business distributor						7,622						—						—						7,622						2,752
Other assets						1,412						—						—						1,412						2,227
Goodwill																														67,673
Total																														$	90,330

Fair value of financial instruments

Information regarding the fair values of our financial instruments was as follows:

																								Fair value measurements using
												March 31, 2021												Quoted prices in active markets for identical assets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)
(in thousands)						Balance sheet location						Carrying value						Fair value
Measured at fair value through comprehensive income (loss):
Cash equivalents						Funds held for customers						$	12,000					$	12,000					$	12,000					$	—					$	—
Available-for-sale debt securities						Funds held for customers						13,391						13,391						—						13,391						—
Derivative liability (Note 6)						Other non-current liabilities						(6,231)						(6,231)						—						(6,231)						—
Amortized cost:
Cash						Cash and cash equivalents						125,440						125,440						125,440						—						—
Cash						Funds held for customers						97,075						97,075						97,075						—						—
Loans and notes receivable from distributors						Other current and non-current assets						28,886						28,843						—						—						28,843
Long-term debt						Long-term debt						840,000						840,000						—						840,000						—

																								Fair value measurements using
												December 31, 2020												Quoted prices in active markets for identical assets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)
(in thousands)						Balance sheet location						Carrying value						Fair value
Measured at fair value through comprehensive income (loss):
Cash equivalents						Funds held for customers						$	15,000					$	15,000					$	15,000					$	—					$	—
Available-for-sale debt securities						Funds held for customers						13,462						13,462						—						13,462						—
Derivative liability (Note 6)						Other non-current liabilities						(7,210)						(7,210)						—						(7,210)						—
Amortized cost:
Cash						Cash and cash equivalents						123,122						123,122						123,122						—						—
Cash						Funds held for customers						91,287						91,287						91,287						—						—
Loans and notes receivable from distributors						Other current and non-current assets						37,076						36,950						—						—						36,950
Long-term debt						Long-term debt						840,000						840,000						—						840,000						—

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- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
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