5.	PREPAID EXPENSES

Prepaid expenses and other current assets as of March 31, 2018 and December 31, 2017 consists of the following (in thousands):

	March 31,		December 31,
	2018		2017
Chassis converter pool agreements	$	13,883	$	18,326
Insurance premiums &; maintenance agreements		7,861		6,860
Assets held for sale		7,200		10,777
Restricted cash		6,412		-
Income tax receivables		5,041		10,821
All other		14,770		10,515
	$	55,167	$	57,299

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 related to the Company’s former branch locations, as well as certain locations acquired through the Supreme acquisition. Insurance premiums and maintenance agreements are charged to expense over the contractual life, which is generally one year or less. Additionally, prepaid expenses include costs in excess of billings on contracts for which the Company recognizes revenue on a percentage of completion basis are included.

Restricted cash includes balances that resulted from the sale of certain branch assets that served as collateral to secure the Company’s long-term debt. The restriction will lapse when collateral assets are purchased. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows (in thousands):

	March 31,		March 31,
	2018		2017
Cash and cash equivalents	$	152,529	$	211,215
Restricted cash included in prepaid expenses and other		6,412		3,072
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	158,941	$	214,287