Cash, cash equivalents and restricted cash

9 Months Ended

Sep. 30, 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:

	September 30,		December 31,
	2023			2022
	(in thousands)
Cash and cash equivalents	$	142,300	$	185,595
Long-term restricted cash		6,650		752
Total cash, cash equivalents and restricted cash	$	148,950	$	186,347

As of September 30, 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. See Note 12 for further discussion on the $5.9 million cash collateral.