Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2016

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Prepaid Expenses and Other Assets

4. PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other assets consist of the following as of December 31 (in thousands):

	2016		2015
Prepaid expenses	$	6,209	$	1,897
Income tax receivable		4,024		5,134
Assets held for sale		—		6,154
Other		167		224
Total prepaid expenses and other assets	$	10,400	$	13,409

At December 31, 2015, assets held for sale consisted of assets at the idle Olive Branch, Mississippi facility (Olive Branch assets) consisting of land and buildings and measured at the lower of their carrying amount or fair value less cost to sell. Fair value was determined using the Level 3 fair value hierarchy classification and was based on management’s best estimate of market participants’ pricing of the assets, including input from broker and industry specialists, and considered the condition of the assets.