Prepaids and Other Current Assets
|3 Months Ended|
Mar. 31, 2022
|Prepaid Expense and Other Assets, Current [Abstract]|
|PREPAIDS AND OTHER CURRENT ASSETS||
NOTE 4 – PREPAIDS AND OTHER CURRENT ASSETS
Prepaids and other current assets consisted of the following:
During the three months ended March 31, 2022 and 2021, the Company prepaid $5.1 million and $10.1 million, respectively, in insurance premiums related to renewals of various insurance policies.
The Company has insurance coverage in place covering, among other things, property damage up to certain specified amounts. During the three months ended March 31, 2022, the Company received $12.0 million from insurance reimbursements, of which $11.1 million was accrued for as of December 31, 2021. During the three months ended March 31, 2021, the Company received $6.4 million from insurance reimbursements.