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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Fair Value Disclosures [Abstract] |
Nonrecurring fair value measurements | No asset impairment charges were recorded during 2021. Information regarding the impairment analyses completed during 2020 and 2019 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) |
2020 analyses: |  |  |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |  | 71,449 |
Total |  |  |  |  |  |  |  |  |  | $ | 101,749 |
2019 analyses: |  |  |  |  |  |  |  |  |  |
Intangible assets (Small Business Services Web Services)(2) |  | $ | 8,379 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,379 |  |  | $ | 31,316 |
Customer list |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,923 |
Goodwill |  |  |  |  |  |  |  |  |  | 387,851 |
Total |  |  |  |  |  |  |  |  |  | $ | 421,090 |
(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) The impairment charge consisted of $14,441 related to trade names, $11,655 related to customer lists and $5,220 related to technology-based intangible assets.
Fair value of financial instruments | Information regarding the fair values of our financial instruments was as follows:
|  |  |  |  |  |  |  | Fair value measurements using
|  | Balance sheet location |  | December 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) |  |  | Carrying value |  | Fair value |  |  |
Measured at fair value through comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale debt securities |  | Funds held for customers |  | $ | 13,307 |  |  | $ | 13,307 |  |  | $ | — |  |  | $ | 13,307 |  |  | $ | — |
Derivative liability (Note 7) |  | Other non-current liabilities |  | (3,028) |  |  | (3,028) |  |  | — |  |  | (3,028) |  |  | — |
Amortized cost: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | Cash and cash equivalents |  | 41,231 |  |  | 41,231 |  |  | 41,231 |  |  | — |  |  | — |
Cash |  | Funds held for customers |  | 241,488 |  |  | 241,488 |  |  | 241,488 |  |  | — |  |  | — |
Loans and notes receivable from distributors |  | Other current and non-current assets |  | 21,518 |  |  | 22,344 |  |  | — |  |  | — |  |  | 22,344 |
Long-term debt(1) |  | Current portion of long-term debt and long-term debt |  | 1,682,949 |  |  | 1,728,515 |  |  | — |  |  | 1,728,515 |  |  | — |
(1) The carrying value of long-term debt is net of unamortized discount and debt issuance costs of $19,176.
|  |  |  |  |  |  |  | Fair value measurements using
|  | Balance sheet location |  | 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) |  |  | 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 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&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=123874694&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=123874694&loc=d3e19207-110258 + Details
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