Prepaid Expenses and Other Assets

6 Months Ended

Jun. 30, 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):

	June 30,		December 31,
	2022		2021
Prepaid insurance	$	31,903	$	37,814
Lot option and escrow deposits		66,765		61,649
Performance deposits		11,813		11,196
Deferred financing costs on revolving line of credit, net		5,040		5,135
Restricted cash (1)		19,788		5,931
Right of use assets		15,448		16,939
Mortgage loans held for investment at fair value		14,509		10,631
Mortgage loans held for investment at amortized cost		6,846		2,825
Derivative assets and mortgage servicing rights		27,458		19,645
Other assets and prepaid expenses		58,145		28,322
Total prepaid expenses and other assets	$	257,715	$	200,087

(1)Restricted cash consists of restricted cash related to land purchases, 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.