v3.26.1
Other Current and Noncurrent Assets
 3 Months Ended
Mar. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current and Noncurrent Assets Other Current and Noncurrent Assets
The following table presents the components of prepaid expenses and other current assets, net, for the periods presented:
March 31, 2026December 31, 2025
(in thousands)
Prepayments to suppliers
$52,409 $39,294 
Other current assets
17,188 13,916 
Total
$69,597 $53,210 
Prepayments to suppliers include capitalized costs related to the implementation of cloud computing arrangements that are service contracts and are amortized on a straight-line basis over the term of the associated hosting arrangements. As of March 31, 2026 and December 31, 2025 the gross capitalized implementation costs were $24.7 million and $25.6 million, respectively, and amortization expense related to these costs was $2.1 million and $2.0 million for the three months ended March 31, 2026 and March 31, 2025, respectively.
Other current assets include an indemnification receivable of $5.5 million related to a legal matter, restricted cash, and other non-trade receivables. As of March 31, 2026 and December 31, 2025, restricted cash was $0.3 million and $0.3 million, respectively.
Other noncurrent assets as of March 31, 2026 and December 31, 2025 of $46.8 million and $45.7 million, respectively, are primarily comprised of the indemnification asset of $37.2 million, recorded against certain tax liabilities related to the Iponweb Acquisition.