SUPPLEMENTAL CASH FLOW INFORMATION

9 Months Ended

Sep. 30, 2018

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 4. SUPPLEMENTAL CASH FLOW INFORMATION

For the nine months ended September 30, 2018 and 2017, the Company paid interest expense of $ 39.5 million and $36.4 million, respectively.

Cash and cash equivalents, and restricted cash for the nine months ended September 30, 2018 and 2017 was $96.5 million and $100.7 million, respectively. The following is a reconciliation of the Company’s cash and cash equivalents, and restricted cash to the total presented in the consolidated statement of cash flows:

	September 30,
	2018		2017
Cash and cash equivalents	$	23,763	$	52,328
Restricted cash (cash held in escrow)		57,135		38,407
Restricted cash (certificate of deposits)		9,155		5,650
Restricted cash (held with Trustee)		6,398		4,345
	$	96,451	$	100,730

Amounts included in restricted cash represent funds required to be set aside to meet contractual obligations with certain financial institutions for the payment of reserve replacement, tax and insurance escrow. In addition, restricted cash includes funds held with the Trustee for payment of bonds interest and other bond related expenses.