PREPAID EXPENSES

Prepaid expenses and other current assets consist of the following (in thousands):



	March 31, 2019		December 31, 2018
Chassis converter pool agreements	$	22,869	$	22,273
Assets held for sale	3,009		3,039
Income tax receivables	205		9,872
Restricted cash	—		—
Insurance premiums & maintenance agreements	10,612		3,313
All other	15,974		12,764
	$	52,669	$	51,261

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 and businesses the Company has sold or intends to sell within one year. Insurance premiums and maintenance agreements are charged to expenses 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 over time as services are completed.

Restricted cash in 2018 included balances that resulted from the sale of certain branch assets that served as collateral to secure the Company’s long-term debt. The restriction lapsed when collateral assets were 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.



	March 31, 2019		March 31, 2018
Cash and cash equivalents	$	151,916	$	152,529
Restricted cash included in prepaid expenses and other	—		6,412
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	151,916	$	158,941