Prepaid Expenses and Other Assets

6 Months Ended

Jun. 30, 2021

Prepaid Expenses and Other Assets [Abstract]

Prepaid Expenses and Other Assets

5. Prepaid Expenses and Other Assets

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

	June 30,		December 31,
	2021		2020
Prepaid insurance	$	22,060	$	18,699
Lot option and escrow deposits		52,749		39,985
Performance deposits		10,104		9,372
Deferred financing costs on revolving line of credit, net		5,727		3,206
Restricted cash (1)		5,259		4,080
Secured note receivable		2,380		2,434
Right of use assets		14,012		16,175
Other assets and prepaid expenses		8,327		8,082
Mortgage loans held for investment		10,823		8,727
Derivative assets and mortgage servicing rights		15,843		11,870
Total prepaid expenses and other assets	$	147,284	$	122,630

(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.