Other Long-Term Assets

12 Months Ended

Dec. 31, 2022

Other Long-Term Assets.

Other Long-Term Assets

Note 10 - Other Long-Term Assets

Other long-term assets consisted of the following at December 31 (in thousands):

	December 31, 2022		December 31, 2021
Cash surrender value of corporate-owned life insurance policies	$	4,274	$	5,276
Deferred commissions (1)		93,213		54,028
Restricted cash		54		57
Operating lease assets		38,370		23,270
Deferred implementation costs (2)		3,045		3,915
Prepaid expenses, deposits and other		20,660		11,701
Total other long-term assets	$	159,616	$	98,247

(1) Represents the incremental costs of obtaining contracts with customers, which consist primarily of sales commissions. These costs are ascribed to or allocated to the underlying performance obligations in the contracts and amortized

consistent with the recognition timing of the revenue for the underlying performance obligations. See Note 2 “Costs to Obtain a Contract”.

(2) During the year ended December 31, 2021, we completed an implementation of several software-as-a-service applications supporting our internal operations. Following the implementation, we placed $4.3 million of deferred implementation costs assets related to these applications into service.