Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2024

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.

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

	March 31,		December 31,
(in thousands)	2024		2023
Cash and cash equivalents	$	272,035	$	121,626
Restricted cash		1,920		2,315
Total	$	273,955	$	123,941