PREPAID AND OTHER CURRENT ASSETS

3 Months Ended

Mar. 31, 2023

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

A summary of prepaid and other current assets as of March 31, 2023 and December 31, 2022 is as follows (in thousands):


	March 31, 2023		December 31, 2022
	(unaudited)
Insurance receivable	$	39,000	$	39,000
Prepaid expenses	15,009		15,238
Other current assets	8,693		11,441
Total	$	62,702	$	65,679

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 are covered by our third-party insurance providers for any litigation matter that has been settled, or 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 software implementation costs, other receivables, and other accounts receivables.

As of March 31, 2023, the other current assets include deferred financing cost of $1.4 million due to all long-term debt now being classified as current. Other current assets also include deferred financing fees amounting to $0.7 million in connection with the Substitute Reimbursement Facility (as defined below), see Note 11 - Debt for additional details.