Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2018

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

Basic considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Basic maintains its excess cash in various financial institutions, where deposits may exceed federally insured amounts at times.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the statements of cash flows (in thousands):



	December 31,
	2018		2017
Cash and cash equivalents	$	90,300	$	38,520

Restricted cash	—		47,703
Total cash, cash equivalents and restricted cash	$	90,300	$	86,223

The Company’s restricted cash at December 31, 2017 included cash balances which were legally or contractually restricted to use. The Company’s restricted cash was included in current assets as of December 31, 2017 and the restriction was due to cash collateralized insurance reserves.