XML 30 R13.htm IDEA: XBRL DOCUMENT v3.25.1
PREPAID EXPENSES AND OTHER CURRENT ASSETS
 12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS PREPAID EXPENSES AND OTHER CURRENT ASSETS
A summary of prepaid expenses and other current assets as of December 31, 2024 and 2023 is as follows (in thousands):
December 31,
 20242023
Insurance receivables
$39,000 $39,000 
Prepaid expenses15,817 18,398 
Other current assets3,826 8,594 
Prepaid expenses and other current assets
$58,643 $65,992 
The insurance receivable relates to receivables from our third-party insurance providers for a legal claim that is recorded in other accrued liabilities, refer to Note 9 - Other Accrued Liabilities. Insurance receivables will be collected from our third-party insurance providers for litigation matters that have been settled, or are pending settlement, and where the deductibles have been satisfied. The prepaid expenses primarily relate to prepaid insurance and other expenses that have been paid in advance of the coverage period.
As of December 31, 2024 and 2023, other current assets include deferred financing fees of $1.6 million and $1.8 million, respectively, in connection with that certain Substitute Insurance Reimbursement Facility Agreement (as amended), other accounts receivable of $1.2 million and $4.4 million, respectively, primarily related to 2023 insurance rebates, and the current portion of software implementation cost of $0.9 million and $1.7 million, respectively.