Cash, cash equivalents and restricted cash

12 Months Ended

Dec. 31, 2017

Cash, cash equivalents and restricted cash

Cash, cash equivalents and restricted cash

Note 3. Cash, cash equivalents and restricted cash

	December 31,
	2017			2016
	(dollars in thousands)
Cash and cash equivalents	$	133,407	$	70,791
Short-term and long-term restricted cash		7,473		6,864
Total cash, cash equivalents and restricted cash	$	140,880	$	77,655

As of December 31, 2017, the Company had $7.5 million in restricted cash which relates to a $5.9 million letter of credit associated with the security deposit for the sale leaseback transaction, a $0.8 million letter of credit relating to workers’ compensation insurance, a $0.7 million letter of credit associated with a bank guarantee and a $0.1 million deposit relating to customs activity.