Other Current and Noncurrent Assets |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current and Noncurrent Assets | Other Current and Noncurrent Assets The following table presents the components of prepaid expenses and other current assets, net, for the periods presented:
Prepayments to suppliers include capitalized costs related to the implementation of cloud computing arrangements that are service contracts and are amortized on a straight-line basis over the term of the associated hosting arrangements. As of June 30, 2026 and December 31, 2025 the capitalized implementation costs were $25.7 million and $25.6 million, respectively, and amortization expense related to these costs was $4.1 million and $4.1 million for the six months ended June 30, 2026 and June 30, 2025, respectively. Other current assets include an indemnification receivable of $5.5 million related to a legal matter, restricted cash, and other non-trade receivables. As of June 30, 2026 and December 31, 2025, restricted cash was $0.1 million and $0.3 million, respectively. Other noncurrent assets as of June 30, 2026 and December 31, 2025 of $46.0 million and $45.7 million, respectively, are primarily comprised of the indemnification asset of $37.2 million, recorded against certain tax liabilities related to the Iponweb Acquisition in 2022.
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