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FINANCIAL STATEMENT DETAILS | 6 Months Ended
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Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
FINANCIAL STATEMENT DETAILS | FINANCIAL STATEMENT DETAILS Cash and Cash Equivalents and Restricted Cash The reconciliation of cash and cash equivalents and restricted cash reported within the accompanying consolidated balance sheet to the total amounts shown in the accompanying consolidated statement of cash flows is as follows:
| June 30, 2022 |  | December 31, 2021 |  | June 30, 2021 |  | December 31, 2020
| (In thousands)
Cash and cash equivalents | $ | 268,078 |  |  | $ | 321,900 |  |  | $ | 331,024 |  |  | $ | 110,011 |
Restricted cash included in Prepaid expenses and other current assets | 342 |  |  | 445 |  |  | 228 |  |  | 26 |
Total cash and cash equivalents and restricted cash as shown in the accompanying consolidated statement of cash flows | $ | 268,420 |  |  | $ | 322,345 |  |  | $ | 331,252 |  |  | $ | 110,037 |
Restricted cash at June 30, 2022 and December 31, 2021 primarily consisted of deposits related to a lease and corporate credit cards. Restricted cash at June 30, 2021 primarily consisted of a deposit related to a lease. Restricted cash at December 31, 2020 primarily consisted of a deposit related to corporate credit cards. Credit Losses The changes in the allowance for credit losses for the six months ended June 30, 2022 and 2021 are as follows:
| 2022 |  | 2021
| (In thousands)
Balance at beginning of period | $ | 1,324 |  |  | $ | 476 |
Provision for credit losses | 7,015 |  |  | 280 |
Write-offs charged against the allowance | (917) |  |  | (522) |
Recoveries collected | 578 |  |  | 282 |
Currency translation adjustment | (10) |  |  | — |
Balance at end of period | $ | 7,990 |  |  | $ | 516 |
The increase in the allowance for credit losses for the six months ended June 30, 2022 was due primarily to the implementation of a new billing system b eginning in the fourth quarter of 2021 that led to an increase in aged accounts receivable balances, as well as growth in the sales-assisted business. Accumulated Amortization and Depreciation Accumulated amortization and depreciation within the accompanying consolidated balance sheet are as follows:
Asset Category | June 30, 2022 |  | December 31, 2021
| (In thousands)
ROU assets included in Other non-current assets | $ | 7,697 |  |  | $ | 8,548 |
Leasehold improvements and equipment | $ | 510 |  |  | $ | 1,591 |
Intangible assets with definite lives | $ | 42,324 |  |  | $ | 39,692 |
Other income, net The components of "Other income, net" are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands)
Foreign exchange gains (losses), net | $ | 755 |  |  | $ | 121 |  |  | $ | 1,055 |  |  | $ | (29) |
Interest income | 417 |  |  | 21 |  |  | 458 |  |  | 41 |
Gain on sale of an asset | — |  |  | — |  |  | — |  |  | 10,217 |
Other income, net | $ | 1,172 |  |  | $ | 142 |  |  | $ | 1,513 |  |  | $ | 10,229 |
For the six months ended June 30, 2021, Gain on sale of an asset related to the sale of Vimeo’s retained interest in its former hardware business. Geographic Concentrations Geographic information about revenue and long-lived assets is presented below. Revenue by geography is based on where the customer is located. The United States was the only country for which revenue was greater than 10% of Vimeo's total revenue for the three and six months ended June 30, 2022 and 2021.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands)
Revenue: |  |  |  |  |  |  |
United States | $ | 56,050 |  |  | $ | 48,920 |  |  | $ | 109,881 |  |  | $ | 94,715 |
All other countries | 54,927 |  |  | 47,126 |  |  | 109,450 |  |  | 90,753 |
Total | $ | 110,977 |  |  | $ | 96,046 |  |  | $ | 219,331 |  |  | $ | 185,468 |
Long-lived assets, excluding goodwill, intangible assets with definite lives and ROU assets, at June 30, 2022 and December 31, 2021 relate to "Leasehold improvements and equipment, net."
| June 30, 2022 |  | December 31, 2021
| (In thousands)
Leasehold improvements and equipment, net: |  |  |
United States | $ | 553 |  |  | $ | 1,901 |
All other countries | 944 |  |  | 967 |
Total | $ | 1,497 |  |  | $ | 2,868 |

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