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Prepaid and Other Assets
 12 Months Ended
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid and Other Assets
4. Prepaid and Other Assets
Prepaid and other current assets consist of the following:
 
   
December 31,
 
(in thousands)  
2020
   
2019
 
Inventory
 
$
 
44,185
 
 
$
 
 
25,163
 
Prepaid expenses
   31,792    25,136 
Taxes
   11,006    326 
Miscellaneous receivables
   9,244    9,500 
Interest rate cap
 
 
 
1,824
 
 
 
—
 
Workers’ compensation receivables
   881    1,109 
Other current assets
   6,711    8,186 
   
 
 
   
 
 
 
Total prepaid expenses and other current assets
  $105,643   $69,420 
   
 
 
   
 
 
 
 
   
December 31,
 
(in thousands)  
2020
   
2019
 
Operating lease
right-of-use
assets
  $49,773   $93,924 
Deposits
   6,986    8,364 
Contingent consideration receivable
   —      6,120 
Workers’ compensation receivable
   4,400    5,583 
Other long-term assets
   4,807    2,556 
   
 
 
   
 
 
 
Total other assets
  $65,966   $116,547 
   
 
 
   
 
 
 
Inventories are 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 the assumptions about future demand and market conditions.