SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2019

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 4. SUPPLEMENTAL CASH FLOW INFORMATION

For the three months ended March 31, 2019 and 2018, the Company paid interest expense of $8.9 million and $13.3 million, respectively.

Cash and cash equivalents, and restricted cash for the three months ended March 31, 2019 and 2018 was $80.1 million and $96.3 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:

	March 31,
	2019		2018
Cash and cash equivalents	$	28,156	$	40,894
Restricted cash (cash held in escrow)		33,709		38,800
Restricted cash (certificate of deposits)		11,876		10,652
Restricted cash (held with Trustee)		6,398		5,948
	$	80,139	$	96,294

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.