Annual report [Section 13 and 15(d), not S-K Item 405]

Other Assets (Tables)

v3.25.0.1
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
Other assets consist of the following:
December 31,
2024 2023
(dollars in thousands)
Property and equipment, net (1)
$ 41,073  $ 12,663 
Warranty and general liability insurance receivables (2)
27,280  27,406 
Right-of-use asset 23,358  11,869 
Deferred tax asset, net 15,721  18,486 
Prepaid expenses 14,327  8,993 
Contract assets 3,860  5,954 
Project funds in escrow 2,306  2,388 
Prepaid income taxes 1,556  — 
Intangible asset, net 757  — 
Other 18,758  20,114 
Total other assets $ 148,996  $ 107,873 
(1)    Property and equipment is net of $22.1 million and $15.8 million accumulated depreciation as of December 31, 2024 and 2023, respectively.
(2)    Insurance recoveries not yet received from our insurers are recorded on a gross basis, without any reduction for the associated warranty liability. Refer to the Warranty section in Note 7 – Accrued Expenses and Other Liabilities for additional information.