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RESTRICTED CASH
12 Months Ended
Dec. 31, 2017
Cash and Cash Equivalents [Abstract]  
RESTRICTED CASH
NOTE 5. RESTRICTED CASH

Regarding our restricted cash for the year ended December 31, 2017, $2.25 million relates to the Financing Agreement and secures our obligations under that agreement. The restriction on the cash related to the Financing Agreement will not be released until we have repaid all of our obligations under the Financing Agreement, unless we obtain the written authorization of the Lenders. The remaining amount of our restricted cash relates to a Letter of Credit Facility Agreement between Vegas.com and Bank of America, N.A. to satisfy the requirements of several of the vendors for whom we sell products (hotel rooms, air travel, show tickets, et cetera) through our online outlets. By contract, certain vendors require letters of credit as a means of securing our payment to them of amounts related to the sales we make on their behalf. We renew the letter of credit facility annually in May, and the restrictions on the cash related to the letters of credit will remain to the extent we continue to enter into contracts requiring the security of letters of credit.

The following table provides a reconciliation of the amounts separately reported as Cash and cash equivalents and Restricted cash on our consolidated balance sheets with the single line item reported on our consolidated statements of cash flows as Cash, cash equivalents and restricted cash (in thousands):
 
December 31,
 
2017
 
2016
Cash and cash equivalents
$
22,632

 
$
6,893

Restricted cash reported in current assets
11,670

 
9,405

Restricted cash reported in long-term assets

 
2,250

Total cash, cash equivalents and restricted cash
$
34,302

 
$
18,548