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PREPAID AND OTHER CURRENT ASSETS
 6 Months Ended
Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID AND OTHER CURRENT ASSETS PREPAID AND OTHER CURRENT ASSETS
A summary of prepaid and other current assets as of June 30, 2022 and December 31, 2021 is as follows (in thousands):
June 30, 2022December 31, 2021
 (unaudited) 
Insurance receivable$39,000 $39,000 
Prepaid expenses16,225 12,645 
Other current assets15,199 8,223 
Total$70,424 $59,868 
The insurance receivable relates to the receivable from our third-party insurance providers for a legal claim that is recorded in other accrued liabilities, refer to Note 9 - Other Accrued Liabilities. These receivables will be covered by our third-party insurance providers for a litigation matter that has been settled, or are pending settlements 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. The other current assets primarily include items such as contract assets, receivables from third parties, and other accounts receivables.
As of June 30, 2022 the other current assets also includes the deferred financing cost amounting to $6.6 million due to all long term debts now classified as current (see Note 11 - Debt for additional details), and a portion of the MS segment’s land, building and leasehold improvement assets held for sale with a net book value of $0.9 million with anticipated sale closing prior to December 31, 2022. Historically these assets were presented in the other assets, net, and property, plant and equipment section respectively of the balance sheet, and comparative periods were not adjusted.