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CONSOLIDATED FINANCIAL STATEMENT DETAILS | 12 Months Ended
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Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
CONSOLIDATED FINANCIAL STATEMENT DETAILS | CONSOLIDATED FINANCIAL STATEMENT DETAILS Cash and Cash Equivalents and Restricted Cash: The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Cash and cash equivalents | $ | 812,705 |  |  | $ | 390,565 |
Restricted cash included in other current assets | 407 |  |  | 504 |
Restricted cash included in other non-current assets | 449 |  |  | 409 |
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows | $ | 813,561 |  |  | $ | 391,478 |
Restricted cash included in other current assets at December 31, 2020 primarily consists of cash received from customers at ANGI through the Handy platform, representing funds collected for payment to service providers, which were not settled as of the period end. Restricted cash included in other current assets at December 31, 2019 primarily consists of a deposit related to corporate credit cards. Restricted cash included in other non-current assets at December 31, 2020 and 2019 consists of deposits related to leases.
| December 31,
| 2020 |  | 2019
| (In thousands)
Other current assets: |  |  |
Capitalized costs to obtain a contract with a customer | $ | 49,194 |  |  | $ | 35,103 |
Prepaid expenses | 17,742 |  |  | 21,790 |
Other | 5,022 |  |  | 10,866 |
Other current assets | $ | 71,958 |  |  | $ | 67,759 |
| December 31,
| 2020 |  | 2019
| (In thousands)
Capitalized software, leasehold improvements and equipment, net: |  |  |
Capitalized software and computer equipment | $ | 132,026 |  |  | $ | 105,956 |
Leasehold improvements | 31,864 |  |  | 32,559 |
Furniture and other equipment | 13,252 |  |  | 13,435 |
Projects in progress | 27,138 |  |  | 19,638 |
Capitalized software, leasehold improvements and equipment | 204,280 |  |  | 171,588 |
Accumulated depreciation and amortization | (95,438) |  |  | (68,227) |
Capitalized software, leasehold improvements and equipment, net | $ | 108,842 |  |  | $ | 103,361 |
| December 31,
| 2020 |  | 2019
| (In thousands)
Accrued expenses and other current liabilities: |  |  |
Accrued advertising expense | $ | 30,033 |  |  | $ | 29,682 |
Accrued employee compensation and benefits | 47,310 |  |  | 28,630 |
Current lease liabilities | 15,700 |  |  | 13,234 |
Other | 55,176 |  |  | 45,451 |
Accrued expenses and other current liabilities | $ | 148,219 |  |  | $ | 116,997 |
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Other income, net | $ | 1,218 |  |  | $ | 6,494 |  |  | $ | 17,741 |
Other income, net in 2020 principally includes interest income of $1.7 million, offset by other expense of $0.5 million. Other income, net in 2019 includes interest income of $8.0 million and net foreign currency exchange gains of $0.6 million, partially offset by a $1.8 million mark-to-market charge for an indemnification claim related to the Handy acquisition that will be settled in ANGI shares held in escrow. Other income, net in 2018 includes a gain of $13.2 million related to the sale of Felix and interest income of $4.8 million. Supplemental Disclosure of Non-Cash Transactions: On October 19, 2018, ANGI issued 8.6 million shares of its Class A common stock valued at $165.8 million in connection with the acquisition of Handy. On October 10, 2018, ANGI issued 5.1 million shares of its Class B common stock to IAC pursuant to the post-closing adjustment provision of the Angie’s List merger agreement. Supplemental Disclosure of Cash Flow Information:
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Cash paid (received) during the year for: |  |  |  |  |
Interest expense—third-party | $ | 5,367 |  |  | $ | 10,290 |  |  | $ | 12,148 |
Interest expense—related party | — |  |  | 54 |  |  | 155 |
Income tax payments, including amounts paid to IAC for ANGI Homeservices' share of IAC's consolidated tax liability | 1,789 |  |  | 12,224 |  |  | 332 |
Income tax refunds, including amounts received from IAC for ANGI Homeservices' share of IAC's consolidated tax liability | (3,506) |  |  | (957) |  |  | (172) |

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