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Restricted Cash
9 Months Ended
Sep. 30, 2025
Cash and Cash Equivalents [Abstract]  
Restricted Cash

Note M – Restricted Cash

As of September 30, 2025, and December 31, 2024, we maintained non-current restricted cash of $1.7 million and $3.6 million, respectively. 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):

 

 

 

Nine Months Ended September 30, 2025

 

 

Nine Months Ended September 30, 2024

 

 

 

Beginning of Period

 

 

End of Period

 

 

Beginning of Period

 

 

End of Period

 

Cash and cash equivalents

 

$

40,437

 

 

$

3,458

 

 

$

76,110

 

 

$

44,784

 

Restricted cash

 

 

3,634

 

 

 

1,712

 

 

 

3,669

 

 

 

3,634

 

Cash, cash equivalents and restricted cash

 

$

44,071

 

 

$

5,170

 

 

$

79,779

 

 

$

48,418