v3.26.1
Other Current Assets
3 Months Ended
Mar. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets Other Current Assets
Other current assets consist of the following:
(in thousands)As of March 31,
2026
As of December 31,
2025
Capitalized contract costs
$290,773 $322,284 
Other
80,397 88,746 
Total other current assets
$371,170 $411,030 
Capitalized contract costs are included in other current assets and primarily represent costs to fulfill a contract that (1) directly relate to an existing or anticipated contract, (2) generate or enhance resources that will be used in satisfying performance obligations in the future and (3) are expected to be recovered through the contract. Capitalized contract costs, which are primarily comprised of prepaid insurance premiums, are generally expensed to the associated contract over the period of anticipated use on the project. During the three months ended March 31, 2026 and 2025, $53.0 million and $18.0 million, respectively, of previously capitalized contract costs were amortized and recognized as expense on the related contracts.