Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of December 31, 2023 and 2022 (in thousands):

	December 31, 2023		December 31, 2022
Prepaid income taxes	$	33,448	$	33,898
Prepaid sales and other taxes	40,843		31,285
Prepaid software and related service costs	29,155		28,022
Deferred commissions	44,383		37,316
Other prepaid expenses	26,316		39,520
Other current assets	41,969		14,999
Total	$	216,114	$	185,040

Incremental Costs to Obtain a Contract with a Customer

Deferred costs associated with obtaining customer contracts, specifically commission and incentive payments, as of December 31, 2023 and 2022 were as follows (in thousands):

	December 31, 2023		December 31, 2022
Deferred costs included in prepaid expenses and other current assets	$	44,383	$	37,316
Deferred costs included in other assets	42,738		29,069
Total deferred costs	$	87,121	$	66,385

Information related to incremental costs to obtain a contract with a customer for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):

	2023		2022		2021
Amortization expense related to deferred costs	$	50,414	$	52,691	$	58,433
Incremental costs capitalized	70,072		47,416		56,509

Amortization expense related to deferred costs is primarily included in sales and marketing expense in the consolidated statements of income.