VeriSign (VRSN) 10-Q 22 Jul 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2021	Jul. 16, 2021
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	Jun. 30, 2021
Entity File Number	000-23593
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		111,874,436
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

Condensed Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 216,497	$ 401,194
Marketable securities	906,492	765,713
Other Assets, Current	66,078	51,033
Total current assets	1,189,067	1,217,940
Property and equipment, net	247,694	245,571
Goodwill	52,527	52,527
Deferred Income Tax Assets, Net	66,441	67,914
Deposits to acquire Intangible Assets	145,000	145,000
Other long-term assets	40,651	37,958
Total long-term assets	552,313	548,970
Total assets	1,741,380	1,766,910
Current liabilities:
Accounts payable and accrued liabilities	175,350	208,642
Deferred revenues	822,984	780,051
Total current liabilities	998,334	988,693
Long-term deferred revenues	289,881	282,838
Senior Notes	1,784,654	1,790,083
Other long-term liabilities	86,296	95,494
Total long-term liabilities	2,160,831	2,168,415
Total liabilities	3,159,165	3,157,108
Commitments and contingencies
Stockholders' deficit:
Preferred stock-par value $.001 per share	0	0
Common Stocks, Including Additional Paid in Capital	13,949,525	14,275,160
Accumulated deficit	(15,364,476)	(15,662,602)
Accumulated other comprehensive loss	(2,834)	(2,756)
Total stockholders' deficit	(1,417,785)	(1,390,198)
Total liabilities and stockholders' deficit	$ 1,741,380	$ 1,766,910
Common Stock, Shares, Issued	354,071	353,789
Common stock, outstanding shares	112,001	113,470
Preferred stock, authorized shares	5,000	5,000
Preferred stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000,000	1,000,000
Common stock, par value	$ 0.001	$ 0.001

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2021	Dec. 31, 2020
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	1,000,000
Common Stock, Shares, Issued	354,071	353,789
Common stock, outstanding shares	112,001	113,470

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues	$ 329,405	$ 314,365	$ 653,026	$ 626,889
Costs and expenses:
Cost of revenues	47,796	43,608	94,764	89,181
Sales and marketing	10,221	8,890	18,705	15,494
Research and development	19,808	18,202	40,119	35,560
General and administrative	38,601	36,885	76,052	73,610
Total costs and expenses	116,426	107,585	229,640	213,845
Operating income	212,979	206,780	423,386	413,044
Interest expense	(23,064)	(22,535)	(45,598)	(45,070)
Non-operating income (loss), net	(2,041)	7,403	(1,597)	14,487
Income before income taxes	187,874	191,648	376,191	382,461
Income tax expense	(40,102)	(39,169)	(78,065)	104,134
Net Income	147,772	152,479	298,126	486,595
Other comprehensive income (loss)	(87)	(2,000)	(78)	263
Comprehensive Income	$ 147,685	$ 150,479	$ 298,048	$ 486,858
Basic income (loss) per share
Net Income	$ 1.31	$ 1.32	$ 2.64	$ 4.20
Diluted income (loss) per share
Net Income	$ 1.31	$ 1.32	$ 2.64	$ 4.19
Shares used to compute net income per share
Basic	112,387	115,347	112,757	115,861
Diluted	112,517	115,544	112,905	116,137

Condensed Consolidated Statem_2

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	$ (1,490,100)	$ 14,990,011	$ (16,477,490)	$ (2,621)
Stock-based compensation expense		24,448
Stock Issued During Period, Value, Employee Stock Purchase Plan		8,296
Stock Repurchased During Period, Value		(429,826)
Net Income	486,595		486,595
Other Comprehensive Income (Loss), Net of Tax	263			263
Stockholders' Deficit	(1,409,114)	14,734,618	(16,143,374)	(358)
Stock-based compensation expense		12,514
Stock Issued During Period, Value, Employee Stock Purchase Plan		0
Stock Repurchased During Period, Value		(154,203)
Net Income			152,479
Other Comprehensive Income (Loss), Net of Tax	(2,000)			(2,000)
Stockholders' Deficit	(1,400,324)	14,592,929	(15,990,895)	(2,358)
Stockholders' Deficit	(1,390,198)	14,275,160	(15,662,602)	(2,756)
Stock-based compensation expense		27,463
Stock Issued During Period, Value, Employee Stock Purchase Plan		8,101
Stock Repurchased During Period, Value		(361,199)
Net Income	298,126		298,126
Other Comprehensive Income (Loss), Net of Tax	(78)			(78)
Stockholders' Deficit	(1,403,760)	14,111,235	(15,512,248)	(2,747)
Stock-based compensation expense		14,075
Stock Issued During Period, Value, Employee Stock Purchase Plan		0
Stock Repurchased During Period, Value		(175,785)
Net Income			147,772
Other Comprehensive Income (Loss), Net of Tax	(87)			(87)
Stockholders' Deficit	$ (1,417,785)	$ 13,949,525	$ (15,364,476)	$ (2,834)

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income	$ 298,126	$ 486,595
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	23,577	22,841
Stock-based compensation	26,591	23,428
Other Noncash Income (Expense)	(4,398)	8,101
Changes in operating assets and liabilities
Other assets	(18,602)	(10,146)
Accounts payable and accrued liabilities	(36,787)	25,796
Deferred revenues	49,976	30,430
Deferred Income Taxes	(6,435)	(175,471)
Net cash provided by operating activities	340,844	395,372
Net Cash Provided by (Used in) Investing Activities [Abstract]
Proceeds from maturities and sales of marketable securities	1,482,952	995,194
Purchases of marketable securities	(1,623,566)	(1,167,680)
Payments for (Proceeds from) Businesses and Interest in Affiliates	0	20,009
Purchases of property and equipment	(24,270)	(21,891)
Net cash used in investing activities	(164,884)	(174,368)
Repayments of Debt, Maturing in More than Three Months	(750,000)	0
Proceeds from Debt, Net of Issuance Costs	742,329	0
Cash flows from financing activities:
Proceeds from employee stock purchase plans	8,101	8,296
Repurchases of common stock	(361,199)	(429,826)
Net cash used in financing activities	(360,769)	(421,530)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(364)	(965)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(185,173)	(201,491)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	410,601	517,601
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	225,428	316,110
Supplemental cash flow disclosures:
Cash paid for interest	48,718	43,708
Cash paid for income taxes, net of refunds received	$ 98,993	$ 26,472

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2021
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, 2020 (the “2020 Form 10-K”) filed with the SEC on February 19, 2021.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2021
Financial Instruments, Owned, at Fair Value [Abstract]
Financial Instruments	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: June 30, December 31, 2021 2020 (In thousands) Cash $ 28,078 $ 28,832 Time deposits 3,698 4,176 Money market funds (Level 1) 193,652 129,627 Debt securities issued by the U.S. Treasury (Level 1) 906,492 1,013,679 Total $ 1,131,920 $ 1,176,314 Cash and cash equivalents $ 216,497 $ 401,194 Restricted cash (included in Other long-term assets) 8,931 9,407 Total Cash, cash equivalents, and restricted cash 225,428 410,601 Marketable securities 906,492 765,713 Total $ 1,131,920 $ 1,176,314 The fair value of the debt securities held as of June 30, 2021, included less than $0.1 million of gross and net unrealized losses. All of the debt securities held as of June 30, 2021 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.

Other Balance Sheet Items

Other Balance Sheet Items	6 Months Ended
	Jun. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Other Balance Sheet Items	Selected Balance Sheet Items Other Current Assets Other current assets consist of the following: June 30, December 31, 2021 2020 (In thousands) Prepaid expenses $ 30,690 $ 17,920 Prepaid registry fees 23,974 22,654 Accounts receivable, net 4,956 4,642 Taxes receivable 4,829 3,572 Other 1,629 2,245 Total other current assets $ 66,078 $ 51,033 Other Long-Term Assets Other long-term assets consist of the following: June 30, December 31, 2021 2020 (In thousands) Long-term prepaid expenses $ 11,089 $ 7,105 Operating lease right-of-use asset 10,318 11,277 Restricted cash 8,931 9,407 Long-term prepaid registry fees 8,232 7,997 Other 2,081 2,172 Total other long-term assets $ 40,651 $ 37,958 The prepaid expenses included in Other current assets and Other long-term assets as of June 30, 2021 are primarily related to prepaid hardware and software maintenance expenses. The current and long-term prepaid registry fees in the tables above relate to the fees the Company pays to Internet Corporation for Assigned Names and Numbers (“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 June 30, 2021 reflects amortization of $9.5 million and $18.8 million during the three and six months ended June 30, 2021 which was recorded in Cost of Revenues. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following: June 30, December 31, 2021 2020 (In thousands) Accounts payable and accrued expenses $ 11,739 $ 12,340 Customer deposits 52,659 53,631 Accrued employee compensation 43,080 54,596 Interest payable 19,895 24,408 Taxes payable and other non-income tax liabilities 14,502 27,194 Accrued registry fees 14,216 13,090 Customer incentives payable 9,437 12,556 Other accrued liabilities 9,822 10,827 Total accounts payable and accrued liabilities $ 175,350 $ 208,642 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, 2020, was paid during the six months ended June 30, 2021. Interest payable varies at each period-end based on the payment due dates for each senior note issuance. Taxes payable and other tax liabilities reflect amounts accrued for the income tax provision and payments made during the period. 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 Long-term tax and other liabilities consist of the following: June 30, December 31, 2021 2020 (In thousands) Long-term tax liabilities $ 82,427 $ 90,335 Long-term operating lease liability 3,869 5,159 Long-term tax and other liabilities $ 86,296 $ 95,494

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholders' (Deficit) Equity	Note 4. Stockholders’ Deficit Effective February 11, 2021, the Company’s Board of Directors authorized the repurchase of its common stock in the amount of $747.0 million, in addition to the $253.0 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 six months ended June 30, 2021, the Company repurchased 0.8 million and 1.7 million shares of its common stock, respectively, at an average stock price of $216.48 and $206.29, respectively. The aggregate cost of the repurchases in the three and six months ended June 30, 2021 was $172.5 million and $345.1 million, respectively. As of June 30, 2021, there was approximately $737.5 million remaining available for future share repurchases under the share repurchase program. During the six months ended June 30, 2021, the Company placed 0.1 million shares, at an average stock price of $203.95, and for an aggregate cost of $16.1 million, into treasury stock for purposes related to tax withholding upon vesting of Restricted Stock Units (“RSUs”). Since inception, the Company has repurchased 242.1 million shares of its common stock for an aggregate cost of $11.34 billion, which is presented as a reduction of Additional paid-in capital.

Calculation Of Net Income Per S

Calculation Of Net Income Per Share	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) Weighted-average shares of common stock outstanding 112,387 115,347 112,757 115,861 Weighted-average potential shares of common stock outstanding: Unvested RSUs and ESPP 130 197 148 276 Shares used to compute diluted earnings per share 112,517 115,544 112,905 116,137 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)

Revenue (Notes)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) U.S. $ 211,010 $ 199,408 $ 418,072 $ 396,911 EMEA 57,714 52,964 114,102 105,069 China 24,935 29,026 50,367 59,213 Other 35,746 32,967 70,485 65,696 Total revenues $ 329,405 $ 314,365 $ 653,026 $ 626,889 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 six months ended June 30, 2021 was primarily driven by amounts billed in the first half of 2021 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 $510.5 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 June 30, 2021 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

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) Cost of revenues $ 1,680 $ 1,555 $ 3,289 $ 3,203 Sales and marketing 1,132 843 2,039 1,728 Research and development 1,981 1,780 3,927 3,456 General and administrative 8,824 7,809 17,336 15,041 Total stock-based compensation expense $ 13,617 $ 11,987 $ 26,591 $ 23,428 The following table presents the nature of the Company’s total stock-based compensation: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) RSUs $ 10,186 $ 9,102 $ 19,878 $ 18,189 Performance-based RSUs 2,836 2,327 5,426 4,044 ESPP 1,053 1,085 2,159 2,215 Capitalization (included in Property and equipment, net) (458) (527) (872) (1,020) Total stock-based compensation expense $ 13,617 $ 11,987 $ 26,591 $ 23,428

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt Disclosure	Debt On June 8, 2021, the Company issued $750.0 million of 2.700% senior unsecured notes due June 15, 2031 (“2031 Notes”). The 2031 Notes were issued at 99.712% of par value. The Company will pay interest on the notes semi-annually on June 15 and December 15, commencing on December 15, 2021. The total discount and issuance costs of $8.9 million are presented on the balance sheet as a reduction of the debt obligation and are being amortized to Interest expense over the 10-year term of the notes. On June 23, 2021, the Company used the net proceeds from the 2031 Notes and cash on hand, to redeem all of its $750.0 million aggregate principal amount of outstanding 4.625% senior notes due 2023 (“2023 Notes”). The redemption of the 2023 Notes resulted in a loss on debt extinguishment of $2.1 million related to the unamortized debt issuance costs on the notes. The loss on extinguishment is included in Non-operating (loss) income during the three and six months ended June 30, 2021.

Non-operating (loss) income

Non-operating (loss) income	6 Months Ended
	Jun. 30, 2021
Non-operating (loss) income, net [Abstract]
Other Income and Other Expense Disclosure	Non-operating (Loss) Income, Net The following table presents the components of Non-operating income, net: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) Loss on extinguishment of debt $ (2,149) $ — $ (2,149) $ — Interest income 111 2,274 327 6,695 Gain on sale of business — 5,153 — 5,611 Transition services income — — — 2,100 Other, net (3) (24) 225 81 Total non-operating (loss) income, net $ (2,041) $ 7,403 $ (1,597) $ 14,487

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents Income tax expense (benefit) and the effective tax rate: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 (Dollars in thousands) Income tax expense (benefit) $ 40,102 $ 39,169 $ 78,065 $ (104,134) Effective tax rate 21 % 20 % 21 % (27) % When compared to the statutory federal rate of 21%, the effective tax rates above reflect a lower effective tax rate on foreign income and excess tax benefits related to stock-based compensation, which are offset by state income taxes. The effective tax rate for the six months ended June 30, 2020 also reflected the remeasurement of unrecognized tax benefits discussed below. During the three months ended March 31, 2020, the Company remeasured its previously unrecognized income tax benefits relating to the worthless stock deduction taken in 2013. The remeasurement, which resulted in the recognition of a $167.8 million benefit in the first quarter of 2020, was based on Internal Revenue Service (“IRS”) written confirmation indicating no examination adjustment would be proposed. Notwithstanding this written confirmation, the Company’s U.S. federal income tax returns remain under examination by the IRS for 2010 through 2014.

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Financial Instruments, Owned, at Fair Value [Abstract]
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: June 30, December 31, 2021 2020 (In thousands) Cash $ 28,078 $ 28,832 Time deposits 3,698 4,176 Money market funds (Level 1) 193,652 129,627 Debt securities issued by the U.S. Treasury (Level 1) 906,492 1,013,679 Total $ 1,131,920 $ 1,176,314 Cash and cash equivalents $ 216,497 $ 401,194 Restricted cash (included in Other long-term assets) 8,931 9,407 Total Cash, cash equivalents, and restricted cash 225,428 410,601 Marketable securities 906,492 765,713 Total $ 1,131,920 $ 1,176,314

Other Balance Sheet Items (Tabl

Other Balance Sheet Items (Tables)	6 Months Ended
	Jun. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Other Current Assets	Other current assets consist of the following: June 30, December 31, 2021 2020 (In thousands) Prepaid expenses $ 30,690 $ 17,920 Prepaid registry fees 23,974 22,654 Accounts receivable, net 4,956 4,642 Taxes receivable 4,829 3,572 Other 1,629 2,245 Total other current assets $ 66,078 $ 51,033
Schedule of Other Assets, Noncurrent [Table Text Block]	Other long-term assets consist of the following: June 30, December 31, 2021 2020 (In thousands) Long-term prepaid expenses $ 11,089 $ 7,105 Operating lease right-of-use asset 10,318 11,277 Restricted cash 8,931 9,407 Long-term prepaid registry fees 8,232 7,997 Other 2,081 2,172 Total other long-term assets $ 40,651 $ 37,958
Components Of Accounts Payable And Accrued Liabilities	Accounts payable and accrued liabilities consist of the following: June 30, December 31, 2021 2020 (In thousands) Accounts payable and accrued expenses $ 11,739 $ 12,340 Customer deposits 52,659 53,631 Accrued employee compensation 43,080 54,596 Interest payable 19,895 24,408 Taxes payable and other non-income tax liabilities 14,502 27,194 Accrued registry fees 14,216 13,090 Customer incentives payable 9,437 12,556 Other accrued liabilities 9,822 10,827 Total accounts payable and accrued liabilities $ 175,350 $ 208,642
Other Noncurrent Liabilities [Table Text Block]	Long-term tax and other liabilities consist of the following: June 30, December 31, 2021 2020 (In thousands) Long-term tax liabilities $ 82,427 $ 90,335 Long-term operating lease liability 3,869 5,159 Long-term tax and other liabilities $ 86,296 $ 95,494

Calculation Of Net Income Per_2

Calculation Of Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) Weighted-average shares of common stock outstanding 112,387 115,347 112,757 115,861 Weighted-average potential shares of common stock outstanding: Unvested RSUs and ESPP 130 197 148 276 Shares used to compute diluted earnings per share 112,517 115,544 112,905 116,137

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) U.S. $ 211,010 $ 199,408 $ 418,072 $ 396,911 EMEA 57,714 52,964 114,102 105,069 China 24,935 29,026 50,367 59,213 Other 35,746 32,967 70,485 65,696 Total revenues $ 329,405 $ 314,365 $ 653,026 $ 626,889

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) Cost of revenues $ 1,680 $ 1,555 $ 3,289 $ 3,203 Sales and marketing 1,132 843 2,039 1,728 Research and development 1,981 1,780 3,927 3,456 General and administrative 8,824 7,809 17,336 15,041 Total stock-based compensation expense $ 13,617 $ 11,987 $ 26,591 $ 23,428
Nature Of Total Stock-Based Compensation	The following table presents the nature of the Company’s total stock-based compensation: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) RSUs $ 10,186 $ 9,102 $ 19,878 $ 18,189 Performance-based RSUs 2,836 2,327 5,426 4,044 ESPP 1,053 1,085 2,159 2,215 Capitalization (included in Property and equipment, net) (458) (527) (872) (1,020) Total stock-based compensation expense $ 13,617 $ 11,987 $ 26,591 $ 23,428

Non-operating (loss) income (Ta

Non-operating (loss) income (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (In thousands) Loss on extinguishment of debt $ (2,149) $ — $ (2,149) $ — Interest income 111 2,274 327 6,695 Gain on sale of business — 5,153 — 5,611 Transition services income — — — 2,100 Other, net (3) (24) 225 81 Total non-operating (loss) income, net $ (2,041) $ 7,403 $ (1,597) $ 14,487

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 (Dollars in thousands) Income tax expense (benefit) $ 40,102 $ 39,169 $ 78,065 $ (104,134) Effective tax rate 21 % 20 % 21 % (27) %

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Cash	$ 28,078	$ 28,832
Time deposits	3,698	4,176
Money Market Funds (level 1)	193,652	129,627
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	906,492	1,013,679
Total	1,131,920	1,176,314
Included in Cash and cash equivalents	216,497	401,194
Restricted Cash Equivalents, Noncurrent	8,931	9,407
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	225,428	410,601	$ 316,110	$ 517,601
Included in Marketable securities	$ 906,492	$ 765,713

Financial Instruments Financial

Financial Instruments Financial Instruments narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	$ 906,492	$ 1,013,679
Debt instrument fair value senior notes 2025	568,200
Debt instrument fair value senior notes 2027	586,500
Debt instrument fair value senior notes 2031	761,600
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	906,492	$ 1,013,679
Debt securities gross unrealized losses	$ 100

Other Balance Sheet Items (Othe

Other Balance Sheet Items (Other Current Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Prepaid registry fees, current	$ 23,974	$ 22,654
Prepaid expenses	30,690	17,920
Accounts Receivable, Net	4,956	4,642
Income Taxes Receivable, Current	4,829	3,572
Other Assets, Miscellaneous, Current	1,629	2,245
Other Assets, Current	$ 66,078	$ 51,033

Other Balance Sheet Items Other

Other Balance Sheet Items Other Balance Sheet Items (Other long-term assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Restricted Cash	$ 8,931	$ 9,407
Operating Lease, Right-of-Use Asset	10,318	11,277
Prepaid Expense, Noncurrent	11,089	7,105
Prepaid registry fees, noncurent	8,232	7,997
Other Assets, Miscellaneous, Noncurrent	2,081	2,172
Other Assets, Noncurrent	$ 40,651	$ 37,958

Other Balance Sheet Items (Comp

Other Balance Sheet Items (Components Of Accounts Payable And Accrued Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Accounts payable	$ 11,739	$ 12,340
Accrued employee compensation	43,080	54,596
Taxes Payable	14,502	27,194
Interest Payable	19,895	24,408
Deposits	52,659	53,631
accrued fees	14,216	13,090
customer incentives payable	9,437	12,556
Other accrued liabilities	9,822	10,827
Total accounts payable and accrued liabilities	$ 175,350	$ 208,642

Other Balance Sheet Items Non-C

Other Balance Sheet Items Non-Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
other tax liabilities, noncurrent	$ 82,427	$ 90,335
Operating Lease, Liability, Noncurrent	3,869	5,159
Other long-term liabilities	$ 86,296	$ 95,494

Other Balance Sheet Items Oth_2

Other Balance Sheet Items Other Balance Sheet Items (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)
Balance Sheet Related Disclosures [Abstract]
Amortization of Other Deferred Charges	$ 9,500	$ 18,800
Tax Cuts and Jobs Act, Transition Tax for Accumulated Foreign Earnings, Liability, Current	$ 7,700	$ 7,700

Stockholders' Deficit (Narrativ

Stockholders' Deficit (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Feb. 11, 2021	Feb. 06, 2020
Treasury Stock Repurchase Programs [Line Items]
Additional share repurchase amount authorized		$ 747
Remaining common stock available for repurchase	$ 737.5	$ 737.5		$ 253
Common stock, held in treasury	242.1	242.1
Common stock repurchased	$ 11,340	$ 11,340
Share Buyback Program [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock authorized to repurchase			$ 1,000
Common stock repurchase, share	0.8	1.7
Average stock price	$ 216.48	$ 206.29
Aggregate cost of share	$ 172.5	$ 345.1
Restricted Stock Units [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock repurchase, share		0.1
Average stock price		$ 203.95
Aggregate cost of share		$ 16.1

Calculation Of Net Income Per_3

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Weighted-average number of common shares outstanding	112,387	115,347	112,757	115,861
Unvested RSUs and ESPP	130	197	148	276
Shares used to compute diluted net income per share	112,517	115,544	112,905	116,137

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 329,405	$ 314,365	$ 653,026	$ 626,889
US [Member]
Disaggregation of Revenue [Line Items]
Revenues	211,010	199,408	418,072	396,911
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues	57,714	52,964	114,102	105,069
China [Member]
Disaggregation of Revenue [Line Items]
Revenues	24,935	29,026	50,367	59,213
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 35,746	$ 32,967	$ 70,485	$ 65,696

Revenue Revenue (Narrative deta

Revenue Revenue (Narrative detail) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue, Revenue Recognized	$ 510.5

Stock-Based Compensation (Class

Stock-Based Compensation (Classification Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 13,617	$ 11,987	$ 26,591	$ 23,428
Cost Of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,680	1,555	3,289	3,203
Sales And Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,132	843	2,039	1,728
Research And Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,981	1,780	3,927	3,456
General And Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 8,824	$ 7,809	$ 17,336	$ 15,041

Stock-Based Compensation (Natur

Stock-Based Compensation (Nature Of Total Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Amount Capitalized	$ (458)	$ (527)	$ (872)	$ (1,020)
Stock-based compensation	13,617	11,987	26,591	23,428
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	10,186	9,102	19,878	18,189
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	2,836	2,327	5,426	4,044
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,053	$ 1,085	$ 2,159	$ 2,215

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 23, 2021
Extinguishment of Debt [Line Items]
Gain (Loss) on Extinguishment of Debt	$ (2,149)	$ 0	$ (2,149)	$ 0
Due 2031 [Member]
Extinguishment of Debt [Line Items]
Debt Issuance Costs, Gross	8,900		8,900
Debt Instrument, Face Amount	$ 750,000		$ 750,000
Debt Instrument, Interest Rate, Stated Percentage	2.70%		2.70%
debt instrument, issue percentage	99.712%		99.712%
Due 2023 [Member]
Extinguishment of Debt [Line Items]
Gain (Loss) on Extinguishment of Debt	$ (2,100)
Debt Instrument, Face Amount					$ 750,000
Debt Instrument, Interest Rate, Stated Percentage					4.625%

Non-operating (loss) income (De

Non-operating (loss) income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Non-operating (loss) income, net [Abstract]
Gain (Loss) on Extinguishment of Debt	$ (2,149)	$ 0	$ (2,149)	$ 0
Interest Income	111	2,274	327	6,695
Gain (Loss) on Disposition of Business	0	5,153	0	5,611
income from transition services	0	0	0	2,100
Other Nonoperating Income (Expense)	(3)	(24)	225	81
Nonoperating (loss) Income	$ (2,041)	$ 7,403	$ (1,597)	$ 14,487

Income Taxes (Income Tax Expens

Income Taxes (Income Tax Expense From Continuing Operations And Effective Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense from continuing operations	$ 40,102	$ 39,169	$ 78,065	$ (104,134)
Effective tax rate	21.00%	20.00%	21.00%	(27.00%)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities		$ 167,800
Statutory federal rate	21.00%