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Fair value measurements (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Fair value measurements

Information regarding the asset impairment analyses completed during the nine months ended September 30, 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						4,479						—						—						4,479						5,108
Other assets						11,210						—						—						11,210						7,514
Goodwill(2)																														71,449
Total																														$	101,749

(1) The impairment charge consisted of $8,397 related to customer lists, $6,932 related to internal-use software and $2,349 related to other intangible assets.

(2) Amount presented here has been revised from what was previously reported to correct the error described in Note 1.

Fair value of financial instruments

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

																								Fair value measurements using
												September 30, 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):
Available-for-sale debt securities						Funds held for customers						13,302						13,302						—						13,302						—
Derivative liability (Note 7)						Other non-current liabilities						(4,716)						(4,716)						—						(4,716)						—
Amortized cost:
Cash						Cash and cash equivalents						121,064						121,064						121,064						—						—
Cash						Funds held for customers						129,180						129,180						129,180						—						—
Loans and notes receivable from distributors						Other current and non-current assets						21,729						21,683						—						—						21,683
Long-term debt						Current portion of long-term debt and long-term debt						1,776,167						1,821,713						—						1,821,713						—

																								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 7)						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
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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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
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