0001014473-20-000034 | 10-Q | XBRL Viewer

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Document and Entity Information Document - shares	9 Months Ended
Document and Entity Information Document - shares	Sep. 30, 2020	Oct. 16, 2020
Document And Entity Information [Abstract]
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	VRSN
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3221585
Entity Address, Postal Zip Code	20190
Document Transition Report	false
Document Quarterly Report	true
Entity Registrant Name	VERISIGN INC/CA
Entity Central Index Key	0001014473
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Entity File Number	000-23593
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		114,109,868
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Address, Address Line One	12061 Bluemont Way,
Entity Address, City or Town	Reston,
Entity Address, State or Province	VA
City Area Code	703
Local Phone Number	948-3200
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 145,701	$ 508,196
Marketable securities	1,004,658	709,863
Other Assets, Current	55,767	60,530
Total current assets	1,206,126	1,278,589
Property and equipment, net	248,587	250,283
Goodwill	52,527	52,527
Deferred Income Tax Assets, Net	76,903	87,798
Deposits to acquire Intangible Assets	145,000	145,000
Other long-term assets	35,163	39,812
Total long-term assets	558,180	575,420
Total assets	1,764,306	1,854,009
Current liabilities:
Accounts payable and accrued liabilities	198,342	209,988
Deferred revenues	779,666	755,178
Total current liabilities	978,008	965,166
Long-term deferred revenues	281,887	278,702
Senior Notes	1,789,453	1,787,565
Other long-term liabilities	101,206	312,676
Total long-term liabilities	2,172,546	2,378,943
Total liabilities	3,150,554	3,344,109
Commitments and contingencies
Stockholders' deficit:
Preferred stock-par value $.001 per share	0	0
Common Stocks, Including Additional Paid in Capital	14,436,409	14,990,011
Accumulated deficit	(15,819,916)	(16,477,490)
Accumulated other comprehensive loss	(2,741)	(2,621)
Total stockholders' deficit	(1,386,248)	(1,490,100)
Total liabilities and stockholders' deficit	$ 1,764,306	$ 1,854,009
Common Stock, Shares, Issued	353,730,000	353,157,000
Common stock, outstanding shares	114,262,000	116,715,000
Preferred stock, authorized shares	5,000	5,000
Preferred stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000,000,000	1,000,000,000
Common stock, par value	$ 0.001	$ 0.001

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	5,000	5,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000,000,000	1,000,000,000
Common Stock, Shares, Issued	353,730,000	353,157,000
Common stock, outstanding shares	114,262,000	116,715,000

Condensed Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues	$ 317,879	$ 308,421	$ 944,768	$ 921,118
Costs and expenses:
Cost of revenues	45,024	44,443	134,205	134,013
Sales and marketing	8,389	9,857	23,883	32,775
Research and development	19,708	14,619	55,268	45,704
General and administrative	38,109	33,886	111,719	101,065
Total costs and expenses	111,230	102,805	325,075	313,557
Operating income	206,649	205,616	619,693	607,561
Interest expense	(22,537)	(22,633)	(67,607)	(67,899)
Non-operating income (loss), net	775	10,498	15,262	34,137
Income before income taxes	184,887	193,481	567,348	573,799
Income tax expense	(13,908)	(39,568)	90,226	(109,825)
Net Income	170,979	153,913	657,574	463,974
Other comprehensive income (loss)	(383)	308	(120)	392
Comprehensive Income	$ 170,596	$ 154,221	$ 657,454	$ 464,366
Basic income (loss) per share
Net Income	$ 1.49	$ 1.30	$ 5.70	$ 3.90
Diluted income (loss) per share
Net Income	$ 1.49	$ 1.30	$ 5.68	$ 3.89
Shares used to compute net income per share
Basic	114,655	118,194	115,456	118,966
Diluted	114,831	118,569	115,699	119,410

Condensed Consolidated Statements of Stockholders' Deficit Statement - USD ($) $ in Thousands	Total	Common Stock Including Additional Paid in Capital [Member]	Accumulated Deficit [Member]	AOCI Attributable to Parent [Member]
Stockholders' Deficit	$ (1,385,474)	$ 15,707,126	$ (17,089,789)	$ (2,811)
Stock-based compensation expense		39,522
Stock Issued During Period, Value, Employee Stock Purchase Plan		13,152
Stock Repurchased During Period, Value		(583,485)
Net Income	463,974		463,974
Other Comprehensive Income (Loss), Net of Tax	392			392
Stockholders' Deficit	(1,425,167)	15,357,288	(16,779,728)	(2,727)
Stock-based compensation expense		13,081
Stock Issued During Period, Value, Employee Stock Purchase Plan		4,899
Stock Repurchased During Period, Value		(198,953)
Net Income			153,913
Other Comprehensive Income (Loss), Net of Tax	308			308
Stockholders' Deficit	(1,451,919)	15,176,315	(16,625,815)	(2,419)
Stockholders' Deficit	(1,490,100)	14,990,011	(16,477,490)	(2,621)
Stock-based compensation expense		37,526
Stock Issued During Period, Value, Employee Stock Purchase Plan		12,577
Stock Repurchased During Period, Value		(603,705)
Net Income	657,574		657,574
Other Comprehensive Income (Loss), Net of Tax	(120)			(120)
Stockholders' Deficit	(1,400,324)	14,592,929	(15,990,895)	(2,358)
Stock-based compensation expense		13,078
Stock Issued During Period, Value, Employee Stock Purchase Plan		4,281
Stock Repurchased During Period, Value		(173,879)
Net Income			170,979
Other Comprehensive Income (Loss), Net of Tax	(383)			(383)
Stockholders' Deficit	$ (1,386,248)	$ 14,436,409	$ (15,819,916)	$ (2,741)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 657,574	$ 463,974
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	34,463	34,327
Stock-based compensation	36,106	38,237
Accretion (Amortization) of Discounts and Premiums, Investments	(5,844)	(10,271)
Other Noncash Income (Expense)	2,638	(2,126)
Changes in operating assets and liabilities
Other assets	(11,107)	(12,123)
Accounts payable and accrued liabilities	(5,912)	(7,110)
Deferred revenues	27,673	24,563
Deferred Income Taxes	(195,353)	26,571
Net cash provided by operating activities	534,962	560,294
Net Cash Provided by (Used in) Investing Activities [Abstract]
Proceeds from maturities and sales of marketable securities	1,804,541	1,523,862
Purchases of marketable securities	(2,093,437)	(1,721,661)
Payments for (Proceeds from) Businesses and Interest in Affiliates	20,009	(8,530)
Purchases of property and equipment	(36,933)	(31,498)
Net cash used in investing activities	(305,820)	(237,827)
Cash flows from financing activities:
Proceeds from employee stock purchase plans	12,577	13,152
Repurchases of common stock	(603,705)	(583,485)
Net cash used in financing activities	(591,128)	(570,333)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(506)	(208)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(362,492)	(248,074)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	517,601	366,753
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	155,109	118,679
Supplemental cash flow disclosures:
Cash paid for interest	56,860	57,074
Cash paid for income taxes, net of refunds received	$ 105,258	$ 75,197

Basis Of Presentation	9 Months Ended
Basis Of Presentation	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	Basis of Presentation Interim Financial Statements The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by VeriSign, Inc. (“Verisign” or the “Company”) in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, do not include all information and notes normally provided in audited financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals and other adjustments) considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of, nor comparable to, the results of operations for any other interim period or for a full fiscal year. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes contained in Verisign’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Form 10-K”) filed with the SEC on February 14, 2020. Reclassifications Certain reclassifications have been made to prior period amounts to conform to current period presentation. Such reclassifications have no effect on net income as previously reported.

Financial Instruments

9 Months Ended

Sep. 30, 2020

Financial Instruments, Owned, at Fair Value [Abstract]

Financial Instruments

Cash, Cash Equivalents, and Marketable Securities

The following table summarizes the Company’s cash, cash equivalents, and marketable securities and the fair value categorization of the financial instruments measured at fair value on a recurring basis:


	September 30,		December 31,
	2020		2019
	(In thousands)
Cash	$	27,162	$	33,238
Time deposits	4,078		3,924
Money market funds (Level 1)	123,869		149,624
Debt securities issued by the U.S. Treasury (Level 1)	1,004,658		1,040,678
Total	$	1,159,767	$	1,227,464

Cash and cash equivalents	$	145,701	$	508,196
Restricted cash (included in Other long-term assets)	9,408		9,405
Total Cash, cash equivalents, and restricted cash	155,109		517,601
Marketable securities	1,004,658		709,863
Total	$	1,159,767	$	1,227,464

The fair value of the debt securities held as of September 30, 2020 was $1.00 billion, including less than $0.1 million of gross and net unrealized gains. All of the debt securities held as of September 30, 2020 are scheduled to mature in less than one year.

Fair Value Measurements

The fair value of the Company’s investments in money market funds approximates their face value. Such instruments are included in Cash and cash equivalents. The fair value of the debt securities consisting of U.S. Treasury bills is based on their quoted market prices. Debt securities purchased with original maturities in excess of three months are included in Marketable securities. The fair value of all of these financial instruments are classified as Level 1 in the fair value hierarchy.

The Company’s other financial instruments include cash, accounts receivable, restricted cash, and accounts payable. As of September 30, 2020, the carrying value of these financial instruments approximated their fair value. The fair values of the senior notes due 2023, 2025, and 2027 were $757.9 million, $554.9 million, and $585.9 million, respectively, as of September 30, 2020. The fair values of these debt instruments are based on available market information from public data sources and are classified as Level 2.

Other Balance Sheet Items

9 Months Ended

Sep. 30, 2020

Balance Sheet Related Disclosures [Abstract]

Other Balance Sheet Items

Selected Balance Sheet Items

Other Current Assets

Other current assets consist of the following:


	September 30,		December 31,
	2020		2019
	(In thousands)
Prepaid expenses	$	22,032	$	19,818
Prepaid registry fees	22,578		21,717
Accounts receivable, net	6,356		1,524
Contingent consideration receivable	—		14,721
Other	4,801		2,750
Total other current assets	$	55,767	$	60,530

During the nine months ended September 30, 2020, the Company received $20.4 million of contingent consideration related to its divested security services business. The excess of the proceeds received over the balance of the receivable was recognized as a gain and included in Non-operating income, net.

Other Long-Term Assets

Other long-term assets consist of the following:


	September 30,		December 31,
	2020		2019
	(In thousands)
Operating lease right-of-use asset	$	11,184	$	9,133
Restricted cash	9,408		9,405
Long-term prepaid registry fees	7,942		7,753
Other tax receivable	1,254		6,927
Other	5,375		6,594
Total other long-term assets	$	35,163	$	39,812

The current and long-term prepaid registry fees in the tables above relate to the fees the Company pays to ICANN for each annual increment of .com domain name registrations and renewals which are deferred and amortized over the domain name registration term. The amount of prepaid registry fees as of September 30, 2020 reflects amortization of $9.1 million and $27.0 million during the three and nine months ended September 30, 2020 which was recorded in Cost of Revenues. Other tax receivables as of December 31, 2019 included indirect benefits related to the previously unrecognized tax benefits that were remeasured during the three months ended September 30, 2020, as discussed in Note 9. Income Taxes.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	September 30,		December 31,
	2020		2019
	(In thousands)
Accounts payable and accrued expenses	$	10,469	$	17,177
Taxes payable and other tax liabilities	34,176		33,435
Customer deposits	46,890		52,804
Accrued employee compensation	44,106		49,869
Interest payable	33,021		24,318
Accrued registry fees	12,419		11,529
Customer incentives payable	10,971		13,547
Other accrued liabilities	6,290		7,309
Total accounts payable and accrued liabilities	$	198,342	$	209,988

Taxes payable and other tax liabilities reflect amounts accrued for the income tax provision and payments made during the period. Customer deposits primarily relate to advance payments to cover domain name registration activity by registrars. Accrued employee compensation primarily consists of liabilities for employee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. Accrued employee incentive compensation as of December 31, 2019, was paid during the nine months ended September 30, 2020. Interest payable varies at each period-end based on the payment due dates for each Senior Note issuance. Customer incentives payable includes amounts related to rebates and marketing programs payable to registrars. These amounts may vary from period to period due to the timing of payments.

Long-term tax and other liabilities


	September 30,		December 31,
	2020		2019
	(In thousands)
Long-term tax liabilities	$	96,190	$	308,112
Long-term operating lease liability	5,016		4,564
Long-term tax and other liabilities	$	101,206	$	312,676

During the nine months ended September 30, 2020, the Company remeasured certain previously unrecognized income tax benefits, including those relating to the worthless stock deduction taken in 2013. These remeasurements resulted in the recognition of $191.8 million of income tax benefits in the nine months ended September 30, 2020, as discussed in Note 9. Income Taxes.

Stockholders' Deficit	9 Months Ended
Stockholders' Deficit	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Stockholders' (Deficit) Equity	Note 4. Stockholders’ Deficit Effective February 6, 2020, the Company’s Board of Directors authorized the repurchase of its common stock in the amount of $743.0 million, in addition to the $257.0 million that remained available for repurchases under the share repurchase program, for a total repurchase authorization of up to $1.00 billion under the program. The program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. During the three and nine months ended September 30, 2020, the Company repurchased 0.8 million and 2.8 million shares of its common stock, respectively, at an average stock price of $206.61 and $198.84, respectively. The aggregate cost of the repurchases in the three and nine months ended September 30, 2020 was $170.0 million and $564.9 million, respectively. As of September 30, 2020, there was approximately $505.6 million remaining available for future share repurchases under the share repurchase program. During the nine months ended September 30, 2020, the Company placed 0.2 million shares, at an average stock price of $209.90, and for an aggregate cost of $38.8 million, into treasury stock for purposes related to tax withholding upon vesting of Restricted Stock Units (“RSUs”). Since inception, the Company has repurchased 239.5 million shares of its common stock for an aggregate cost of $10.81 billion, which is presented as a reduction of Additional paid-in capital.

Calculation Of Net Income Per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Calculation Of Net Income Per Share Attributable To Verisign Stockholders

Calculation of Earnings per Share

The following table presents the computation of weighted-average shares used in the calculation of basic and diluted earnings per share:


	Three Months Ended September 30,			Nine Months Ended September 30,
	2020	2019	2020	2019
	(In thousands)
Weighted-average shares of common stock outstanding	114,655	118,194	115,456	118,966
Weighted-average potential shares of common stock outstanding:
Unvested RSUs and ESPP	176	375	243	444
Shares used to compute diluted earnings per share	114,831	118,569	115,699	119,410

The calculation of diluted weighted average shares outstanding excludes performance-based RSUs granted by the Company for which the relevant performance criteria have not been achieved. The number of potential shares excluded from the calculation was not significant in any period presented.

Revenue (Notes)

9 Months Ended

Sep. 30, 2020

Revenue Recognition [Abstract]

Revenue from Contract with Customer [Table Text Block]

Revenues

The Company generates revenues in the U.S.; Europe, the Middle East and Africa (“EMEA”); China; and certain other countries, including Canada, Australia, and Japan.

The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
U.S.	$	202,934	$	193,392	$	599,845	$	577,395
EMEA	54,034		51,480		159,103		155,221
China	27,463		30,647		86,676		88,337
Other	33,448		32,902		99,144		100,165
Total revenues	$	317,879	$	308,421	$	944,768	$	921,118

Revenues in the table above are attributed to the country of domicile and the respective regions in which registrars are located; however, this may differ from the regions where the registrars operate or where registrants are located. Revenues for each region may be impacted by registrars reincorporating, relocating, or from acquisitions or changes in affiliations of resellers. Revenues for each region may also be impacted by registrars domiciled in one region, registering domain names in another region.

Deferred Revenues

As payment for domain name registrations and renewals are due in advance of our performance, we record these amounts as deferred revenues. The increase in the deferred revenues balance for the nine months ended September 30, 2020 was primarily driven by amounts billed in the first nine months of 2020 for domain name registrations and renewals to be recognized as revenues in future periods, offset by refunds for domain name renewals deleted during the 45-day grace period, and $644.0 million of revenues recognized that were included in the deferred revenues balance at the beginning of the period. The balance of deferred revenues as of September 30, 2020 represents our aggregate remaining performance obligations. Amounts included in current deferred revenues are all expected to be recognized in revenues within 12 months, except for a portion of deferred revenues that relates to domain name renewals that are deleted in the 45-day grace period following the transaction. The long-term deferred revenues amounts will be recognized in revenues over several years and in some cases up to 10 years.

Stock-Based Compensation

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation

Stock-based Compensation

Stock-based compensation is classified in the Condensed Consolidated Statements of Comprehensive Income in the same expense line items as cash compensation. The following table presents the classification of stock-based compensation:


	Three Months Ended September 30,									Nine Months Ended September 30,
			2020			2019			2020			2019
	(In thousands)
Cost of revenues	$	1,558		$	1,725		$	4,761		$	5,064
Sales and marketing	830			864			2,558			2,866
Research and development	1,810			1,513			5,266			4,744
General and administrative	8,480			8,518			23,521			25,563
Total stock-based compensation expense	$	12,678		$	12,620		$	36,106		$	38,237

The following table presents the nature of the Company’s total stock-based compensation:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
RSUs	$	10,871	$	10,650	$	29,060	$	28,318
Performance-based RSUs	1,102		1,222		5,146		7,554
ESPP	1,105		1,209		3,320		3,650
Capitalization (included in Property and equipment, net)	(400)		(461)		(1,420)		(1,285)
Total stock-based compensation expense	$	12,678	$	12,620	$	36,106	$	38,237

Non-operating (loss) income

9 Months Ended

Sep. 30, 2020

Non-operating (loss) income, net [Abstract]

Other Income and Other Expense Disclosure

Non-operating Income, Net

The following table presents the components of Non-operating income, net:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
Interest income	$	805	$	6,457	$	7,500	$	21,045
Transition services income	—		3,750		2,100		11,850
Gain on sale of business	(9)		64		5,602		817
Other, net	(21)		227		$	60	$	425
Total non-operating income, net	$	775	$	10,498	$	15,262	$	34,137

The lower interest income during the three and nine months ended September 30, 2020 reflects a decline in interest rates on our investments in debt securities. The transition services income relates to the divested security services business. The transition services agreement ended in February 2020. The gain on sale of business in 2020 represents the excess of the contingent consideration received related to the divested security services business compared to the estimated receivable.

Income Taxes

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Income Taxes

The following table presents Income tax expense (benefit) and the effective tax rate:


	Three Months Ended September 30,									Nine Months Ended September 30,
	2020			2019			2020			2019
	(Dollars in thousands)
Income tax expense (benefit)	$	13,908		$	39,568		$	(90,226)		$	109,825
Effective tax rate	8		%	20		%	(16)		%	19		%

The effective tax rate for each of the periods in the table above differed from the statutory federal rate of 21% due to a lower foreign effective tax rate and excess tax benefits related to stock-based compensation, offset by state income taxes and U.S. taxes on foreign earnings, net of foreign tax credits.

Additionally, the Company remeasured certain previously unrecognized income tax benefits, which resulted in the recognition of $24.0 million and $191.8 million of income tax benefits in the three and nine months ended September 30, 2020, respectively. The most significant portion of these tax benefits related to the worthless stock deduction taken in 2013, which resulted in the recognition of a $167.8 million benefit in the first quarter of 2020. These remeasurements were based on written confirmations from Internal Revenue Service (“IRS”), received in the first and third quarters of 2020, indicating no examination adjustments would be proposed related to the worthless stock deduction or certain other matters reviewed as part of the audit of the Company’s federal income tax returns for 2010 through 2014. Notwithstanding these written confirmations, the Company’s U.S. federal income tax returns for those years remain under examination by the IRS.

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Financial Instruments, Owned, at Fair Value [Abstract]

Cash, Cash Equivalents, And Marketable Securities


	September 30,		December 31,
	2020		2019
	(In thousands)
Cash	$	27,162	$	33,238
Time deposits	4,078		3,924
Money market funds (Level 1)	123,869		149,624
Debt securities issued by the U.S. Treasury (Level 1)	1,004,658		1,040,678
Total	$	1,159,767	$	1,227,464

Cash and cash equivalents	$	145,701	$	508,196
Restricted cash (included in Other long-term assets)	9,408		9,405
Total Cash, cash equivalents, and restricted cash	155,109		517,601
Marketable securities	1,004,658		709,863
Total	$	1,159,767	$	1,227,464

Other Balance Sheet Items (Tables)

9 Months Ended

Sep. 30, 2020

Balance Sheet Related Disclosures [Abstract]

Other Current Assets

Other current assets consist of the following:


	September 30,		December 31,
	2020		2019
	(In thousands)
Prepaid expenses	$	22,032	$	19,818
Prepaid registry fees	22,578		21,717
Accounts receivable, net	6,356		1,524
Contingent consideration receivable	—		14,721
Other	4,801		2,750
Total other current assets	$	55,767	$	60,530

Schedule of Other Assets, Noncurrent [Table Text Block]

Other long-term assets consist of the following:


	September 30,		December 31,
	2020		2019
	(In thousands)
Operating lease right-of-use asset	$	11,184	$	9,133
Restricted cash	9,408		9,405
Long-term prepaid registry fees	7,942		7,753
Other tax receivable	1,254		6,927
Other	5,375		6,594
Total other long-term assets	$	35,163	$	39,812

Components Of Accounts Payable And Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	September 30,		December 31,
	2020		2019
	(In thousands)
Accounts payable and accrued expenses	$	10,469	$	17,177
Taxes payable and other tax liabilities	34,176		33,435
Customer deposits	46,890		52,804
Accrued employee compensation	44,106		49,869
Interest payable	33,021		24,318
Accrued registry fees	12,419		11,529
Customer incentives payable	10,971		13,547
Other accrued liabilities	6,290		7,309
Total accounts payable and accrued liabilities	$	198,342	$	209,988

Other Noncurrent Liabilities [Table Text Block]

Long-term tax and other liabilities


	September 30,		December 31,
	2020		2019
	(In thousands)
Long-term tax liabilities	$	96,190	$	308,112
Long-term operating lease liability	5,016		4,564
Long-term tax and other liabilities	$	101,206	$	312,676

Calculation Of Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares [Table Text Block]

The following table presents the computation of weighted-average shares used in the calculation of basic and diluted earnings per share:


	Three Months Ended September 30,			Nine Months Ended September 30,
	2020	2019	2020	2019
	(In thousands)
Weighted-average shares of common stock outstanding	114,655	118,194	115,456	118,966
Weighted-average potential shares of common stock outstanding:
Unvested RSUs and ESPP	176	375	243	444
Shares used to compute diluted earnings per share	114,831	118,569	115,699	119,410

Revenue (Tables)

9 Months Ended

Sep. 30, 2020

Revenue Recognition [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
U.S.	$	202,934	$	193,392	$	599,845	$	577,395
EMEA	54,034		51,480		159,103		155,221
China	27,463		30,647		86,676		88,337
Other	33,448		32,902		99,144		100,165
Total revenues	$	317,879	$	308,421	$	944,768	$	921,118

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Classification Of Stock-Based Compensation

The following table presents the classification of stock-based compensation:


	Three Months Ended September 30,									Nine Months Ended September 30,
			2020			2019			2020			2019
	(In thousands)
Cost of revenues	$	1,558		$	1,725		$	4,761		$	5,064
Sales and marketing	830			864			2,558			2,866
Research and development	1,810			1,513			5,266			4,744
General and administrative	8,480			8,518			23,521			25,563
Total stock-based compensation expense	$	12,678		$	12,620		$	36,106		$	38,237

Nature Of Total Stock-Based Compensation

The following table presents the nature of the Company’s total stock-based compensation:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
RSUs	$	10,871	$	10,650	$	29,060	$	28,318
Performance-based RSUs	1,102		1,222		5,146		7,554
ESPP	1,105		1,209		3,320		3,650
Capitalization (included in Property and equipment, net)	(400)		(461)		(1,420)		(1,285)
Total stock-based compensation expense	$	12,678	$	12,620	$	36,106	$	38,237

Non-operating (loss) income (Tables)

9 Months Ended

Sep. 30, 2020

Non-operating (loss) income, net [Abstract]

Schedule of Other Nonoperating Income (Expense) [Table Text Block]

The following table presents the components of Non-operating income, net:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
Interest income	$	805	$	6,457	$	7,500	$	21,045
Transition services income	—		3,750		2,100		11,850
Gain on sale of business	(9)		64		5,602		817
Other, net	(21)		227		$	60	$	425
Total non-operating income, net	$	775	$	10,498	$	15,262	$	34,137

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Income Tax Expense From Continuing Operations And The Effective Tax Rate

The following table presents Income tax expense (benefit) and the effective tax rate:


	Three Months Ended September 30,									Nine Months Ended September 30,
	2020			2019			2020			2019
	(Dollars in thousands)
Income tax expense (benefit)	$	13,908		$	39,568		$	(90,226)		$	109,825
Effective tax rate	8		%	20		%	(16)		%	19		%

Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Cash	$ 27,162	$ 33,238
Time deposits	4,078	3,924
Money Market Funds (level 1)	123,869	149,624
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	1,004,658	1,040,678
Total	1,159,767	1,227,464
Included in Cash and cash equivalents	145,701	508,196
Restricted Cash Equivalents, Noncurrent	9,408	9,405
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	155,109	517,601	$ 118,679	$ 366,753
Included in Marketable securities	$ 1,004,658	$ 709,863

Financial Instruments Financial Instruments narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	$ 1,004,658	$ 1,040,678
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	1,004,658	$ 1,040,678
Debt securities gross unrealized gains	100
Debt instrument fair value senior notes 2023	757,900
Debt instrument fair value senior notes 2025	554,900
Debt instrument fair value senior notes 2027	$ 585,900

Other Balance Sheet Items (Other Current Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Prepaid registry fees, current	$ 22,578	$ 21,717
Estimated contingent consideration receivable	0	14,721
Prepaid expenses	22,032	19,818
Accounts Receivable, Net	6,356	1,524
Other Assets, Miscellaneous, Current	4,801	2,750
Other Assets, Current	$ 55,767	$ 60,530

Other Balance Sheet Items Other Balance Sheet Items (Other long-term assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Restricted Cash	$ 9,408	$ 9,405
Operating Lease, Right-of-Use Asset	11,184	9,133
Prepaid registry fees, noncurent	7,942	7,753
Income Taxes Receivable, Noncurrent	1,254	6,927
Other Assets, Miscellaneous, Noncurrent	5,375	6,594
Other Assets, Noncurrent	$ 35,163	$ 39,812

Other Balance Sheet Items (Components Of Accounts Payable And Accrued Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Accounts payable	$ 10,469	$ 17,177
Accrued employee compensation	44,106	49,869
Taxes Payable	34,176	33,435
Interest Payable	33,021	24,318
Deposits, net	46,890	52,804
accrued fees	12,419	11,529
Other accrued liabilities	6,290	7,309
customer incentives payable	(10,971)	(13,547)
Total accounts payable and accrued liabilities	$ 198,342	$ 209,988

Other Balance Sheet Items Other Balance Sheet Items (Long-term tax and other liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Long-term tax and other liabilities Disclosure [Abstract]
other tax liabilities, noncurrent	$ 96,190	$ 308,112
Operating Lease, Liability, Noncurrent	5,016	4,564
Other long-term liabilities	$ 101,206	$ 312,676

Other Balance Sheet Items Other Balance Sheet Items (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2020
Amortization of Other Deferred Charges	$ 9.1		$ 27.0
Contingent consideration proceeds			20.4
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions		$ 167.8	$ 191.8

Stockholders' Deficit (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Feb. 06, 2020
Treasury Stock Repurchase Programs [Line Items]
Additional share repurchase amount authorized		$ 743.0
Remaining common stock available for repurchase	$ 505.6	$ 505.6	$ 257.0
Common stock, held in treasury	239.5	239.5
Common stock repurchased	$ 10,810.0	$ 10,810.0
Share Buyback Program [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock authorized to repurchase			$ 1,000.0
Common stock repurchase, share	0.8	2.8
Average stock price	$ 206.61	$ 198.84
Aggregate cost of share	$ 170.0	$ 564.9
Restricted Stock Units [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock repurchase, share		0.2
Average stock price		$ 209.90
Aggregate cost of share		$ 38.8

Calculation Of Net Income Per Share (Weighted-Average Shares Used In Calculation Of Basic And Diluted EPS) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Weighted-average number of common shares outstanding	114,655	118,194	115,456	118,966
Unvested RSUs and ESPP	176	375	243	444
Shares used to compute diluted net income per share	114,831	118,569	115,699	119,410

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Revenue (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 317,879	$ 308,421	$ 944,768	$ 921,118
US [Member]
Disaggregation of Revenue [Line Items]
Revenues	202,934	193,392	599,845	577,395
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues	54,034	51,480	159,103	155,221
China [Member]
Disaggregation of Revenue [Line Items]
Revenues	27,463	30,647	86,676	88,337
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 33,448	$ 32,902	$ 99,144	$ 100,165

Revenue Revenue (Narrative detail) (Details) $ in Millions	9 Months Ended
Revenue Revenue (Narrative detail) (Details) $ in Millions	Sep. 30, 2020 USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue, Revenue Recognized	$ 644.0

Stock-Based Compensation (Classification Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 12,678	$ 12,620	$ 36,106	$ 38,237
Cost Of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,558	1,725	4,761	5,064
Sales And Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	830	864	2,558	2,866
Research And Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,810	1,513	5,266	4,744
General And Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 8,480	$ 8,518	$ 23,521	$ 25,563

Stock-Based Compensation (Nature Of Total Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Amount Capitalized	$ (400)	$ (461)	$ (1,420)	$ (1,285)
Stock-based compensation	12,678	12,620	36,106	38,237
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	10,871	10,650	29,060	28,318
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	1,102	1,222	5,146	7,554
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,105	$ 1,209	$ 3,320	$ 3,650

Non-operating (loss) income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Non-operating (loss) income, net [Abstract]
Interest Income	$ 805	$ 6,457	$ 7,500	$ 21,045
income from transition services	0	3,750	2,100	11,850
Gain (Loss) on Disposition of Business	(9)	64	5,602	817
Other Nonoperating Income (Expense)	(21)	227	60	425
Nonoperating (loss) Income	$ 775	$ 10,498	$ 15,262	$ 34,137

Income Taxes (Income Tax Expense From Continuing Operations And Effective Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense from continuing operations	$ 13,908	$ 39,568	$ (90,226)	$ 109,825
Effective tax rate	8.00%	20.00%	(16.00%)	19.00%

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities		$ 167.8	$ 191.8
Statutory federal rate	21.00%