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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

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
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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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
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