Cash, Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2022

Restricted Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

3. Cash, Cash Equivalents and Restricted Cash

Cash includes cash in readily available checking accounts and cash equivalents include money market funds that invest in U.S. treasury securities and all highly liquid investments maturing within 90 days from the date of purchase.

Amounts included in restricted cash represent amounts pledged as collateral for letters of credit required for security deposits on the Company’s leased facilities. Restricted cash totaled $2.3 million and $2.7 million at June 30, 2022 and December 31, 2021, respectively. These amounts are classified as a component of other current assets and as restricted cash on the Company’s condensed consolidated balance sheets.

Cash, cash equivalents and restricted cash consisted of the following:

	June 30,		December 31,
(in thousands)	2022		2021
Cash and cash equivalents	$	135,980	$	200,825
Short term restricted cash included in other current assets		—		383
Restricted cash		2,315		2,311
Total	$	138,295	$	203,519