Other Current and Long-Term Assets

9 Months Ended

Sep. 30, 2022

Other Assets, Noncurrent [Abstract]

Other Current and Long-Term Assets

OTHER CURRENT AND LONG-TERM ASSETS

Other current assets consisted of the following:

(in thousands)	September 30, 2022		December 31, 2021
Customer acquisition costs	$	49,834	$	48,942
Contract assets, net (1)	42,255		37,772
Prepaid expenses	39,696		41,997
Taxes receivable	22,570		19,464
Foreign currency exchange contracts	22,331		6,512
Cross currency swap contracts	15,994		—
Deferred sales commissions	6,438		6,475
Other assets	17,518		12,661
Other current assets	$	216,636	$	173,823

(1) Contract assets, net, are net of allowances for credit loss. Refer to "Note 6. Credit Losses."

Other long-term assets consisted of the following:

(in thousands)	September 30, 2022		December 31, 2021
Contract assets, net (1)	$	141,492	$	122,160
Customer acquisition costs	104,997		109,392
Deferred income taxes	51,935		24,784
Equity investments	30,250		5,250
Investment in long-term product supply arrangements	21,510		13,348
Deferred sales commissions	12,586		13,019
Taxes receivable	539		1,806
Other assets	40,131		40,641
Other long-term assets	$	403,440	$	330,400

(1) Contract assets, net, are net of allowances for credit loss. Refer to "Note 6. Credit Losses."