Prepaid Expenses and Other Assets

9 Months Ended

Sep. 30, 2019

Prepaid Expenses and Other Assets [Abstract]

Prepaid Expenses and Other Assets

6. Prepaid Expenses and Other Assets

Prepaid expenses and other assets included the following (in thousands):

	September 30,		December 31,
	2019		2018
Prepaid insurance	$	29,311	$	20,226
Lot option and escrow deposits		50,758		51,038
Performance deposits		6,814		4,552
Deferred financing costs revolving line of credit, net		3,530		4,155
Restricted cash(1)		3,084		3,539
Secured note receivable		2,632		4,947
Right of use assets		16,760		—
Insurance receivable and other		17,036		51,940
Total prepaid expenses and other assets	$	129,925	$	140,397

⁽¹⁾ Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.