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Restricted Cash
3 Months Ended
Mar. 31, 2025
Cash and Cash Equivalents [Abstract]  
Restricted Cash

Note K – Restricted Cash

As of both March 31, 2025, and December 31, 2024, we maintained non-current restricted cash of $3.6 million. This amount is included within “Other long-term assets” in our condensed consolidated balance sheets and is comprised of deposits under letters of credit required under our facility leases.

The following table provides a reconciliation of cash, cash equivalents and restricted cash that sums to the total of the same such amounts shown in the condensed consolidated statements of cash flows (in thousands):

 

 

 

Three Months Ended March 31, 2025

 

 

Three Months Ended March 31, 2024

 

 

 

Beginning of Period

 

 

End of Period

 

 

Beginning of Period

 

 

End of Period

 

Cash and cash equivalents

 

$

40,437

 

 

$

18,488

 

 

$

76,110

 

 

$

52,856

 

Restricted cash

 

 

3,634

 

 

 

3,634

 

 

 

3,669

 

 

 

3,669

 

Cash, cash equivalents and restricted cash

 

$

44,071

 

 

$

22,122

 

 

$

79,779

 

 

$

56,525