Cash and Cash Equivalents

3 Months Ended

Mar. 31, 2022

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

3. Cash and Cash Equivalents

Of the total cash and cash equivalents of $110,395 and $140,709 at March 31, 2022 and December 31, 2021, respectively, $109,867 and $127,328 were held at two financial institutions. At March 31, 2022 and December 31, 2021, cash equivalents were approximately $449 and $11,488, respectively.

Certain of the Company’s international subsidiaries are required to maintain a minimum level of regulatory capital, which was $12,602 and $12,320 at March 31, 2022 and December 31, 2021, respectively. These requirements are generally satisfied by cash on hand.