XML 27 R16.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Cash, cash equivalents and restricted cash
6 Months Ended
Jun. 30, 2024
Cash, cash equivalents and restricted cash  
Cash, cash equivalents and restricted cash

Note 9. 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:

June 30,

December 31,

2024

2023

(in thousands)

Cash and cash equivalents

$

145,166

$

167,297

Long-term restricted cash

6,651

6,654

Total cash, cash equivalents and restricted cash

$

151,817

$

173,951

As of June 30, 2024, 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 13 for further discussion on the $5.9 million cash collateral.