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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Nonrecurring fair value measurements

No asset impairment charges were recorded during 2022 or 2021. Information regarding the impairment analyses completed during 2020 are 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 (Data 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

(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.

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, 2022												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:
Available-for-sale debt securities						Cash and cash equivalents						$	5,000					$	5,000					$	5,000					$	—					$	—
Available-for-sale debt securities						Funds held for customers						8,126						8,126						—						8,126						—
Derivative assets (Note 7)						Other current and non-current assets						3,593						3,593						—						3,593						—
Amortized cost:
Cash						Cash and cash equivalents						35,435						35,435						35,435						—						—
Cash						Funds held for customers						294,165						294,165						294,165						—						—
Cash						Other non-current assets						2,815						2,815						2,815						—						—
Loans and notes receivable from distributors						Other current and non-current assets						14,220						13,315						—						—						13,315
Long-term debt						Current portion of long-term debt and long-term debt						1,644,276						1,574,417						—						1,574,417						—

																								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:
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						—						—
Cash						Other non-current assets						2,772						2,772						2,772						—						—
Loans and notes receivable from distributors						Other current and non-current assets						21,518						22,344						—						—						22,344
Long-term debt						Current portion of long-term debt and long-term debt						1,682,949						1,728,515						—						1,728,515						—

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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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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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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

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-Publisher FASB
-Name Accounting Standards Codification
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