Prepaid Expenses and Other Assets

3 Months Ended

Mar. 31, 2020

Prepaid Expenses and Other Assets [Abstract]

Prepaid Expenses and Other Assets

5. Prepaid Expenses and Other Assets

Prepaid expenses and other assets included the following (in thousands):

	March 31,		December 31,
	2020		2019
Prepaid insurance	$	27,497	$	26,175
Lot option and escrow deposits		43,637		48,810
Right of use assets		17,538		18,854
Performance deposits		5,776		6,299
Deferred financing costs revolving line of credit, net		4,231		4,574
Restricted cash(1)		2,561		3,085
Secured notes receivable		2,571		2,602
Other assets and prepaid expenses		7,714		8,633
Mortgage loans held for investment and derivative assets		9,349		4,768
Amortizable intangible assets, net		143		208
Total prepaid expenses and other assets	$	121,017	$	124,008

⁽¹⁾ Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain pledge balances associated with our mortgage repurchase facilities.