Cash, Cash Equivalents, and Restricted Cash

3 Months Ended

Mar. 31, 2022

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents, and Restricted Cash

Cash and cash equivalents consist of cash on deposit with banks and amounts held in interest-bearing money market funds. Cash equivalents are carried at cost, which approximates their fair market value. At each of March 31, 2022 and December 31, 2021, restricted cash was $115 and related to cash held at a financial institution in an interest-bearing cash account as collateral for a letter of credit related to the contractual provisions for one of the Company’s building leases.

The following table is a reconciliation of cash, cash equivalents and restricted cash included in the accompanying condensed consolidated balance sheets that sum to the total cash, cash equivalents and

restricted cash included in the accompanying condensed consolidated statements of cash flows for the three months ended March 31, 2022 and 2021.


	March 31, 2022		March 31, 2021
Cash and cash equivalents	$	259,824	$	171,867
Restricted cash included in “other assets”	115		88
Total cash, cash equivalents and restricted cash, at end of period	$	259,939	$	171,955