Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2019

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

4. Cash and Cash Equivalents

Of the total cash and cash equivalents of $74,972 and $77,784 at December 31, 2019 and December 31, 2018, respectively, $72,120 and $34,398 were held at two financial institutions. At December 31, 2019 and December 31, 2018, cash equivalents were approximately $317 and $24, respectively.

Certain of the Company’s subsidiaries of its International Business segment are required to maintain a minimum level of regulatory capital, which was $12,312 and $11,005 at December 31, 2019 and December 31, 2018, respectively. These requirements are generally satisfied by cash on hand.

In addition, the Company collateralized its U.S. office lease through a standby letter of credit totaling $1,384 which is restricted from further use.