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SUPPLEMENTAL CASH FLOW INFORMATION
 6 Months Ended
Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 4. SUPPLEMENTAL CASH FLOW INFORMATION

 

For the six months ended June 30, 2019 and 2018, the Company paid interest expense of $16.9 million and $31.0 million, respectively.

 

Cash and cash equivalents, and restricted cash for the six months ended June 30, 2019 and 2018 was $82.2 million and $92.8 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,  
    2019     2018  
Cash and cash equivalents   $ 37,644     $ 28,116  
Restricted cash (cash held in escrow)     29,538       49,760  
Restricted cash (certificate of deposits)     8,501       9,162  
Restricted cash (held with Trustee)     6,564       5,730  
    $ 82,247     $ 92,768  

 

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