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Note 11 - Other Assets and Liabilities | 6 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Other Assets and Other Liabilities [Text Block] |
11. | Other assets and liabilities
Other assets consisted of the following as of June 30, 2022 and December 31, 2021 (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Cash surrender value of life insurance policies |  | $ | 10,199 |  |  | $ | 18,857 |
Prepayments |  |  | 22,457 |  |  |  | 19,891 |
Value-added tax receivables |  |  | 22,523 |  |  |  | 22,524 |
Collateral deposits |  |  | 1,855 |  |  |  | 1,599 |
Deposits |  |  | 6,825 |  |  |  | 7,331 |
Other |  |  | 4,802 |  |  |  | 9,197 |
Total |  | $ | 68,661 |  |  | $ | 79,399 |
Current |  |  | 51,636 |  |  |  | 52,938 |
Non – current |  |  | 17,025 |  |  |  | 26,461 |
Total |  | $ | 68,661 |  |  | $ | 79,399 |
Other liabilities consisted of the following as of June 30, 2022 and December 31, 2021 (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Deferred revenue |  | $ | 13,001 |  |  | $ | 17,038 |
Other tax and social security |  |  | 27,067 |  |  |  | 27,893 |
Income tax liabilities – non-current portion |  |  | 47,697 |  |  |  | 45,741 |
Deferred compensation plan |  |  | 7,234 |  |  |  | 9,339 |
Other |  |  | 44,290 |  |  |  | 49,739 |
Total |  | $ | 139,289 |  |  | $ | 149,750 |
Current |  |  | 61,890 |  |  |  | 74,213 |
Non – current |  |  | 77,399 |  |  |  | 75,537 |
Total |  | $ | 139,289 |  |  | $ | 149,750 |
Cash Surrender Value of Life Insurance Policies We had $10.2 million and $18.9 million of cash surrender value of life insurance policies as of June 30, 2022 and December 31, 2021, respectively, that are held within a trust established to settle payment of future executive deferred compensation benefit obligations. The decrease in the cash surrender value of life insurance policies as of June 30, 2022 as compared to December 31, 2021 was primarily due to a cash distribution from the trust to reimburse the Company for benefits paid pursuant to the executive deferred compensation benefit plan, the impact of which is included in “Proceeds from sale / maturity of investments” on the condensed consolidated statements of cash flows. Loss associated with these policies is included in “Other income, net” on our condensed consolidated statements of operations. Loss on changes in the cash surrender value of life insurance policies was $0.1 million and $0.2 million for the three and six months ended June 30, 2022, respectively.

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