Note 8. Restricted Cash

At April 29, 2017, the Company had restricted cash of $13.0 million and $10.5 million reported in current and other assets on the accompanying condensed consolidated balance sheet, respectively. The Company did not have restricted cash as of April 30, 2016.

In connection with the acquisition of etailz and under the terms of the share purchase agreement, the Company designated $1.5 million of the restricted cash to be made available to satisfy any indemnification claims within 18 months from the date of acquisition and $14.6 million of the restricted cash to equal the maximum earn-out amount that could be paid to the selling shareholders of etailz in accordance with the share purchase agreement.

In addition, as a result of the death of its former Chairman, the Company received $7.4 million, which is held in a rabbi trust and was classified as restricted cash in other assets on the accompanying condensed consolidated balance sheet.

A summary of cash, cash equivalents and restricted cash is as follows (in thousands):

	April 29,		January 28,			April 30,
	2017		2017			2016
Cash and cash equivalents	$	15,803	$	27,974	$	90,856
Restricted cash		23,497		16,103		—
Total cash, cash equivalents and restricted cash	$	39,300	$	44,077	$	90,856