Annual report pursuant to Section 13 and 15(d)

Other Assets (Tables)

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Other Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
Other assets consist of the following:
December 31,
2023 2022
(dollars in thousands)
Deferred tax asset, net $ 18,486  $ 13,569 
Property and equipment, net (1)
12,663  9,533 
Right-of-use asset 11,869  15,589 
Contract assets 5,954  7,180 
Intangible asset, net —  44 
Prepaid expenses 8,993  4,896 
Project funds in escrow 2,388  44,159 
Warranty and general liability insurance receivables (2)
27,406  27,109 
Investment in unconsolidated joint ventures 19  41 
Other 20,095  11,889 
Total other assets $ 107,873  $ 134,009 
(1)    Property and equipment is net of $15.8 million and $11.5 million accumulated depreciation as of December 31, 2023 and 2022, 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 8 – Accrued Expenses and Other Liabilities for additional information.