Cash, cash equivalents and restricted cash

3 Months Ended

Mar. 31, 2017

Cash, cash equivalents and restricted cash

Cash, cash equivalents and restricted cash

Note 5. Cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows.

	March 31,
	2017			2016
	(dollars in thousands)
Cash and cash equivalents	$	69,429	$	67,571
Long-term restricted cash		6,792		6,863
Total cash, cash equivalents and long-term restricted cash	$	76,221	$	74,434

The restricted cash balances of $6.8 million as of March 31, 2017 relates to a $5.9 million letter of credit associated to the security deposit for the sale leaseback transaction, a $0.8 million letter of credit relating to workers’ compensation insurance and a $0.1 million deposit relating to customs activity. The restricted cash balance of $6.9 million as of March 31, 2016 includes the $5.9 million letter of credit associated to the security deposit for the sale leaseback transaction, a $0.9 million letter of credit relating to workers’ compensation insurance and a $0.1 million deposit relating to customs activity.