v3.26.3
Other Balance Sheet Items
 9 Months Ended
Sep. 30, 2026
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,
20262025
(In millions)
Prepaid expenses$35.7 $28.1 
Prepaid registry fees28.9 26.6 
Taxes receivable22.0 7.2 
Accounts receivable, net9.6 7.7 
Other1.2 2.4 
Total other current assets$97.4 $72.0 
Property and Equipment, Net
Certain assets included in Property and equipment, net were classified as held for sale as of September 30, 2026 and December 31, 2025. These assets are not material and are not presented separately. During the nine months ended September 30, 2026, the Company recognized a loss of $7.5 million in Selling, general and administrative expenses to adjust the carrying value of these assets to their estimated fair value less costs to sell.
Intangible Assets
In July 2026, the .web generic top-level domain (“gTLD”) was delegated into the global Domain Name System (“DNS”) root zone, with Verisign as the designated registry operator. Upon entry into the Registry Agreement for the .web gTLD, the Company reclassified $145.2 million of Deposits to acquire intangible assets as of December 31, 2025 to Intangible assets as of September 30, 2026. The Company capitalized an additional aggregate amount of $26.2 million for certain other acquisition costs, which were individually not material. The intangible asset has an indefinite life and therefore is not subject to amortization but will be tested for impairment on an annual basis.
Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consist of the following: 
September 30,December 31,
20262025
(In millions)
Accounts payable and accrued expenses$13.9 $13.8 
Customer deposits82.7 92.6 
Accrued employee compensation62.3 77.2 
Taxes payable60.8 64.0 
Interest payable22.1 15.1 
Customer incentives payable19.2 13.2 
Accrued registry fees14.5 13.4 
Current operating lease liabilities5.9 5.8 
Other accrued liabilities5.4 2.9 
Total accounts payable and accrued liabilities$286.8 $298.0 
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, 2025 was paid during the nine months ended September 30, 2026.