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PREPAID EXPENSES
 6 Months Ended
Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES PREPAID EXPENSES
Prepaid expenses and other current assets consist of the following (in thousands):
 
June 30,
2019
 
December 31,
2018
Chassis converter pool agreements
$
11,704

 
$
22,273

Assets held for sale
3,009

 
3,039

Income tax receivables
205

 
9,872

Insurance premiums & maintenance agreements
11,184

 
3,313

All other
14,448

 
12,764

 
$
40,550

 
$
51,261


Chassis converter pool agreements represent chassis transferred to the Company on a restricted basis by the manufacturer, who retains the sole authority to authorize commencement of work on the chassis and to make certain other decisions with respect to the chassis including the terms and pricing of sales to the manufacturer’s dealers. Assets held for sale are related to the Company’s former branch locations and businesses the Company has sold or intends to sell within one year. Insurance premiums and maintenance agreements are charged to expenses over the contractual life, which is generally one year or less. Additionally, prepaid expenses include costs in excess of billings on contracts for which the Company recognizes revenue over time as services are completed. There is no restricted cash included in prepaid expenses and other for the periods ending June 30, 2019 and December 31, 2018.