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SUPPLEMENTAL CASH FLOW INFORMATION

6 Months Ended

Jun. 30, 2018

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 3. SUPPLEMENTAL CASH FLOW INFORMATION

For the six months ended June 30, 2018 and 2017, the Company paid interest expense of $31.0 million and $28.1 million, respectively.

Cash and cash equivalents, and restricted cash for the six months ended June 30, 2018 and 2017 was $92.8 million and $95.8 million, respectively. The following is a reconciliation of the Company’s cash and cash equivalents, and restricted cash to the total presented in the consolidated statement of cash flows:

		June 30,
		2018				2017
Cash and cash equivalents		$	28,116			$	58,260
Restricted cash (cash held in escrow)			49,760				33,448
Restricted cash (certificate of deposits)			9,162				-
Restricted cash (held with Trustee)			5,730				4,137
		$	92,768			$	95,845

Amounts included in restricted cash represent funds required to be set aside to meet contractual obligations with certain financial institutions for the payment of reserve replacement and tax and insurance escrow. In addition, restricted cash includes funds with the Bond’s Trustee for payment of interest.