Annual report pursuant to Section 13 and 15(d)

Other Assets (Tables)

v3.22.4
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
Other assets consist of the following:
December 31,
2022 2021
(dollars in thousands)
Deferred tax asset, net $ 13,569  $ 7,270 
Property and equipment, net (1)
9,533  6,601 
Right-of-use asset 15,589  12,593 
Contract assets 7,180  6,133 
Prepaid income taxes —  645 
Intangible asset, net 44  910 
Prepaid expenses 4,896  5,309 
Project funds in escrow 44,159  821 
Warranty and general liability insurance receivables (2)
27,109  — 
Other 11,889  3,716 
Total other assets $ 133,968  $ 43,998 
(1)    Property and equipment is net of $11.5 million and $11.8 million accumulated depreciation as of December 31, 2022 and 2021, respectively.
(2)    Insurance recoveries not yet received from our insurers are recorded on a gross basis, without any reduction for the associated warranty expense, within other assets on our consolidated balance sheets. Refer to the Warranty section in Note 9 – Accrued Expenses and Other Liabilities for additional information.