XML 29 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Cash, Cash Equivalents and Restricted Cash
12 Months Ended
Dec. 31, 2021
Cash, Cash Equivalents and Restricted Cash [Abstract]  
Cash and Cash Equivalents Disclosure CASH, CASH EQUIVALENTS AND RESTRICTED CASH
The following table summarizes the Company’s cash, cash equivalents and restricted cash as presented on the consolidated balance sheet to amounts on the consolidated statement of cash flows (in millions):
December 31,
20212020
Cash and cash equivalents
$193.8 $152.0 
Deposits for financial assurance - current
0.2 0.2 
Deposits for financial assurance - non current2.8 5.7 
Total cash, cash equivalents and restricted cash
$196.8 $157.9 

The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):

December 31, 2021December 31, 2020
CurrentLong-TermCurrentLong-Term
Workers compensation$— $2.6 $— $5.4 
Other0.2 0.2 0.2 0.3 
Total deposits for financial assurance$0.2 $2.8 $0.2 $5.7 
The Company has provided financial assurance to states in which it was previously self-insured for workers’ compensation in accordance with each state’s requirements in the form of a surety bond or deposit that is fully cash collateralized by Centrus. As each state determines that the likelihood of further workers’ compensation obligations related to the period of self-insurance is reduced, the surety bond or deposit is subject to reduction and/or cancellation and the Company would receive the excess cash collateral.