XML 26 R13.htm IDEA: XBRL DOCUMENT v3.20.2
PREPAID EXPENSES AND OTHER
 9 Months Ended
Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER PREPAID EXPENSES AND OTHER
Prepaid expenses and other current assets consist of the following (in thousands):
September 30,
2020		December 31,
2019
Chassis converter pool agreements$11,213 $10,164 
Assets held for sale3,020 3,020 
Income tax receivables9,526 8,701 
Insurance premiums & maintenance agreements6,214 3,217 
All other14,561 16,120 
$44,534 $41,222 
Chassis converter pool agreements represent chassis transferred to the Company on a restricted basis by the manufacturer, who retains the sole authority to authorize commencement of work on the chassis and to make certain other decisions with respect to the chassis including the terms and pricing of sales to the manufacturer’s dealers. Assets held for sale are primarily related to the Company’s remaining retail location and unused land parcels, which are actively being marketed for sale. Insurance premiums and maintenance agreements are charged to expenses over the contractual life, which is generally one year or less. Additionally, prepaid expenses include contract assets related to contracts for which the Company recognizes revenue over time as services are completed. There is no restricted cash included in prepaid expenses and other current assets as of September 30, 2020 and December 31, 2019.