Cash, cash equivalents and restricted cash

3 Months Ended

Mar. 31, 2018

Cash, cash equivalents and restricted cash

Cash, cash equivalents and restricted cash

Note 6. 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 amounts shown in the statement of cash flows.

	March 31,
	2018			2017
	(in thousands)
Cash and cash equivalents	$	140,957	$	69,429
Short-term and long-term restricted cash		7,514		6,792
Total cash, cash equivalents and restricted cash	$	148,471	$	76,221

The restricted cash balance of $7.5 million as of March 31, 2018 which relates to (i) $5.9 million letter of credit associated with a security deposit for the lease of our corporate headquarters in Beverly, Massachusetts, (ii) $0.8 million letter of credit relating to workers’ compensation insurance, (iii) $0.7 million bank guarantee on a customer prepayment and (iv) $0.1 million deposit relating to customs activity. The restricted cash balance of $6.8 million as of March 31, 2017 includes the same items except for the bank guarantee.