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Cash and Cash Equivalents and Restricted Cash
9 Months Ended
Sep. 30, 2016
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents and Restricted Cash
Cash and Cash Equivalents and Restricted Cash
Cash and Cash Equivalents
Cash and cash equivalents were held in the following geographic regions:
(In thousands)
September 30, 2016
 
December 31, 2015
United States
$
3,499

 
$
8,458

People's Republic of China ("PRC")
20,613

 
28,681

Asia (excluding the PRC)
5,486

 
5,346

Europe
15,289

 
8,093

South America
3,254

 
2,388

Total cash and cash equivalents
$
48,141

 
$
52,966


Restricted Cash
In connection with the court order issued on September 4, 2015, we placed $4.6 million of cash into a collateralized surety bond. This bond has certain restrictions for liquidation and has therefore been classified as restricted cash. Refer to Note 10 for further information about this ongoing litigation.
In connection with the pending sale of our Guangzhou factory in the PRC (Note 10), the buyer made a cash deposit of RMB 32 million ($4.8 million) into an escrow account on September 29, 2016. Under the terms of the escrow account, these funds will not be paid to us until the close of the sale. Accordingly, this deposit is presented as long-term restricted cash within our consolidated balance sheet.