Prepaid Expenses and Other Assets

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
Prepaid insurance	$	35,968	$	37,814
Lot option and escrow deposits		67,068		61,649
Performance deposits		11,606		11,196
Deferred financing costs on revolving line of credit, net		5,411		5,135
Restricted cash (1)		9,111		5,931
Right of use assets		16,899		16,939
Other assets and prepaid expenses		46,362		28,322
Mortgage loans held for investment		16,509		13,456
Derivative assets and mortgage servicing rights		27,633		19,645
Total prepaid expenses and other assets	$	236,567	$	200,087

(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.