SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Dec. 31, 2018

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 4. SUPPLEMENTAL CASH FLOW INFORMATION

 For the years ended December 31, 2018 and 2017, the Company paid interest expense of approximately $57.9 million and $39.7 million, respectively.

Cash and cash equivalents, and restricted cash for fiscal year ended 2018 and 2017 was $106.6 million and $88.5 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: 

	December 31,
	2018		2017
Cash and cash equivalents	$	36,428	$	33,778
Restricted cash (cash held in escrow)		37,928		44,687
Restricted cash (certificate of deposits)		9,687		5,651
Restricted cash (held with Trustee)		22,572		4,422
	$	106,615	$	88,538

Amounts included in restricted cash represent funds required to meet contractual obligations with certain financial institutions for the payment of reserve replacement deposits and tax and insurance escrow. In addition, restricted cash includes funds to the Bond’s Trustee for payment of principal and interests.