Cash, cash equivalents and restricted cash

3 Months Ended

Mar. 31, 2023

Cash, cash equivalents and restricted cash

Cash, cash equivalents and restricted cash

Note 8. Cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total of the amounts shown in the statement of cash flows:

	March 31,		December 31,
	2023			2022
	(in thousands)
Cash and cash equivalents	$	164,479	$	185,595
Long-term restricted cash		6,653		752
Total cash, cash equivalents and restricted cash	$	171,132	$	186,347

As of March 31, 2023, we had $6.7 million in restricted cash representing the total of (i) a $5.9 million cash collateral relating to our lease for our headquarters in Beverly, Massachusetts, (ii) a $0.7 million letter of credit relating to workers’ compensation insurance and (iii) a $0.1 million deposit relating to customs activity.