Other Current and Long-Term Assets

12 Months Ended

Dec. 31, 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)	December 31, 2022		December 31, 2021
Customer acquisition costs	$	50,776	$	48,942
Taxes receivable	48,430		19,464
Contract assets, net (1)	41,854		37,772
Prepaid expenses	41,742		41,997
Cross currency swap contracts	8,135		—
Deferred sales commissions	6,472		6,475
Foreign currency exchange contracts	5,185		6,512
Other	17,895		12,661
Other current assets	$	220,489	$	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)	December 31, 2022		December 31, 2021
Contract assets, net (1)	$	148,971	$	122,160
Customer acquisition costs	107,205		109,392
Deferred income taxes	55,215		24,784
Equity investments	30,250		5,250
Investment in long-term product supply arrangements	25,250		13,348
Deferred sales commissions	12,718		13,019
Taxes receivable	717		1,806
Other	37,403		40,641
Other long-term assets	$	417,729	$	330,400

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