Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2025

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

4. Prepaid Expenses and Other Assets

Prepaid expenses and other current assets consist of the following:


	December 31,
(in thousands)	2025		2024
Inventory and supplies	$	5,796	$	8,061
Prepaid expenses		75,862		39,473
Prepaid income taxes		2,186		2,120
Other receivables		8,214		11,626
Consideration receivable from divestitures		27,665		22,530
Other current assets		5,846		3,108
Total prepaid expenses and other current assets	$	125,569	$	86,918

Inventory is stated at the lower of cost and net realizable value. Costs are determined on the first-in, first-out basis. The Company records write-downs of inventories which are obsolete or in excess of anticipated demand or net realizable value based on a consideration of marketability, historical sales and demand forecasts which consider assumptions about future demand and market conditions.

Other assets consist of the following:


	December 31,
(in thousands)		2025		2024
Operating lease right-of-use assets		$	22,261	$	25,932
Deposits			3,079		3,394
Workers' compensation receivable			4,838		3,605
Consideration receivable from divestitures			—		25,166
Other long-term assets			7,799		3,810
Total other assets		$	37,977	$	61,907