Other Long-Term Assets

Other long-term assets consisted of the following at March 31, 2017 and December 31, 2016 (in thousands):



	2017		2016
Cash surrender value of corporate-owned life insurance policies (Note 1)	$	3,518	$	3,240
Prepaid commissions ⁽ⁱ⁾	5,777		5,302
Restricted cash ⁽ⁱⁱ⁾	3,317		3,317
Prepaid expenses, deposits and other ⁽ⁱⁱⁱ⁾	2,169		2,058
Total other long-term assets	$	14,781	$	13,917

⁽ⁱ⁾Prepaid commissions represent customer acquisition costs to secure long-term contracts. The Company capitalizes incremental and direct costs related to a specific contract and recognizes as expense over the term of the contract.

⁽ⁱⁱ⁾ As of March 31, 2017 and December 31, 2016, restricted cash primarily consisted of $2.7 million of sales proceeds related to a long-term contract with a specific customer. These proceeds are held in escrow until certain billing milestones are achieved, and then specified amounts are transferred to the Company's operating accounts. Restricted also contained $0.6 million related to a performance guarantee related to an international customer sales contract.

⁽ⁱⁱⁱ⁾ Included in long-term assets as of March 31, 2017 and December 31, 2016 was $1.8 million of funds deposited in escrow related to contingent consideration in connection with a business combination (see Note 15). The funds will be held in escrow and released to selling shareholders if certain conditions are subsequently met. If the conditions are not met, the funds will be released back to the Company.