Cash, Cash Equivalents and Term Deposit

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Term Deposit

Cash, Cash Equivalents and Term Deposit

Cash and cash equivalents were held in the following geographic regions:

(In thousands)	March 31, 2023		December 31, 2022
North America	$	7,244	$	6,825
People's Republic of China ("PRC")	13,981		15,633
Asia (excluding the PRC)	14,892		18,850
Europe	9,363		13,042
South America	11,426		12,390
Total cash and cash equivalents	$	56,906	$	66,740

On January 25, 2022, we entered into an $8.6 million, one-year term deposit cash account with Banco Santander (Brasil) S.A., denominated in Brazilian Real. The term deposit earned interest at a variable annual rate based upon the Brazilian CDI overnight interbank rate. As of December 31, 2022, all of this term deposit was redeemed.