Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2024

Prepaid Expense and Other Assets, Current [Abstract]

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	December 31,
(in thousands)	2024	2023
Insurance recovery receivable (1)	$14,900	$12,900
Income taxes receivable	—	3,537
Reimbursable third-party payments (2)	22,944	15,481
Other prepaid expenses and other current assets (3)	27,131	24,968
Total prepaid expenses and other current assets	$64,975	$56,886

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(1)Represents a receivable for the probable recovery related to an incurred loss in connection with certain

contingencies. Loss recoveries are recognized when a loss has been incurred and the recovery is probable. This

determination is based on our analysis of the underlying insurance policies, historical experience with insurers, and

ongoing review of the solvency of insurers, among other factors.

(2)Represents payments we make to third parties on behalf of, and reimbursable from, certain customers.

(3)Other current assets were not material as of December 31, 2024 and 2023.