Prepaid Expenses and Other Assets

6 Months Ended

Jun. 30, 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):

	June 30,		December 31,
	2020		2019
Prepaid insurance	$	24,067	$	26,175
Lot option and escrow deposits		37,826		48,810
Performance deposits		5,776		6,299
Deferred financing costs on revolving line of credit, net		3,890		4,574
Restricted cash (1)		3,439		3,085
Secured note receivable		2,486		2,602
Right of use assets		18,008		18,854
Other assets and prepaid expenses		7,878		8,633
Mortgage loans held for investment and derivative assets		11,640		4,768
Amortizable intangible assets, net		85		208
Total prepaid expenses and other assets	$	115,095	$	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.