Cash, cash equivalents and restricted cash

6 Months Ended

Jun. 30, 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.

	June 30,
	2018			2017
	(in thousands)
Cash and cash equivalents	$	147,297	$	108,558
Short-term and long-term restricted cash		7,645		6,793
Total cash, cash equivalents and restricted cash	$	154,942	$	115,351

The restricted cash balance of $7.6 million as of June 30, 2018 is the result of (i)  a $5.9 million letter of credit associated with a security deposit for the lease of our corporate headquarters in Beverly, Massachusetts, (ii)  a $0.8 million letter of credit relating to workers’ compensation insurance, (iii) two bank guaranties of our performance relating to customer payments in the amounts of $0.7 million and $0.1 million and (iv)  a $0.1 million deposit relating to customs activity. The restricted cash balance of $6.8 million as of June 30, 2017 includes the same items except for the bank guarantees.