Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2023

Prepaid Expense and Other Assets, Current [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:


	December 31,
(in thousands)	2023		2022
Insurance recovery receivable (1)	$	12,900	$	—
Income taxes receivable	3,537		4,524
Reimbursable third-party payments (2)	15,481		—
Prepaid software implementation costs	—		5,751
Other prepaid expenses and other current assets (3)	24,968		35,105
Total prepaid expenses and other current assets	$	56,886	$	45,380

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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, 2023 and 2022.