NOTE 10 Supplemental Disclosures of Cash Flow Information and Non-Cash Financing and Investing Activities

Throughout 2020, the Company deferred $31.1 million in employer-only payroll tax payments as allowed under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES” Act), which was signed into law on March 27, 2020. During the first six months of 2021, there were no additional deferrals under the CARES Act. The cumulative deferred employer payroll taxes as of December 31, 2020 will be paid in two equal installments by December 31, 2021 and 2022, respectively, as permitted under the CARES Act.

During the second quarter of 2021, the Company received an $8.1 million reimbursement for capitalizable costs of public infrastructure improvements related to the construction of the Company’s headquarters in accordance with an economic development grant agreement between the Company and the City of Daytona Beach and Volusia County. The reimbursement has been reflected as a reduction to the additions to fixed asset line item on the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2021.

Cash paid during the period for interest and income taxes are summarized as follows:

	Six months ended June 30,
(in thousands)	2021		2020
Cash paid during the period for:
Interest	$	30,832	$	28,164
Income taxes, net of refunds	$	74,833	$	12,575

Significant non-cash investing and financing activities are summarized as follows:

	Six months ended June 30,
(in thousands)	2021		2020
Other payable issued for purchased customer accounts	$	1,883	$	2,165
Estimated acquisition earn-out payables and related charges	$	25,085	$	74,754
Common stock issued for agency acquisition	$	4,892	$	—
Notes payable issued or assumed for purchased customer accounts	$	1,355	$	—

The Company's restricted cash balance is composed of funds held in separate premium trust accounts as required by state law or, in some cases, by agreement with carrier partners. The following is a reconciliation of cash and cash equivalents inclusive of restricted cash as of June 30, 2021 and 2020.

	Balance as of June 30,
(in thousands)	2021		2020
Table to reconcile cash and cash equivalents inclusive of restricted cash
Cash and cash equivalents	$	850,230	$	623,240
Restricted cash		500,790		438,964
Total cash and cash equivalents inclusive of restricted cash at the end of the period	$	1,351,020	$	1,062,204