Cash, cash equivalents and restricted cash

12 Months Ended

Dec. 31, 2024

Cash, cash equivalents and restricted cash

Cash, cash equivalents and restricted cash

Note 4. Cash, cash equivalents and restricted cash

	December 31,		December 31,
	2024			2023
	(in thousands)
Cash and cash equivalents	$	123,512	$	167,297
Long-term restricted cash		7,552		6,654
Total cash, cash equivalents and restricted cash	$	131,064	$	173,951

As of December 31, 2024, we had $7.6 million in restricted cash which relates to a $5.9 million cash collateral relating to our lease for our headquarters in Beverly, Massachusetts, a $0.9 million letter of credit for customs purposes, a $0.7 million letter of credit relating to workers’ compensation insurance and a $0.1 million deposit relating to customs activity.