Cash, Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2019

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents include cash held in bank accounts and cash held in money market funds on an overnight basis.

The Company is required to maintain certain cash balances in restricted accounts as collateral for the Company’s repurchase agreements and with counterparties to support activities related to securities. As of June 30, 2019 and December 31, 2018, the Company had $6.7 million and $5.6 million, respectively, as collateral for repurchase agreements and by counterparties to support activities related to securities. In addition, as of June 30, 2019 and December 31, 2018, the Company held $69.5 million and $26.1 million, respectively, in restricted cash representing proceeds from principal paydowns of loans held in the CLOs.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets as of June 30, 2019 and December 31, 2018 that sum to the total of the same such amounts shown in the statements of cash flows:



(in thousands)	June 30, 2019		December 31, 2018
Cash and cash equivalents	$	92,838	$	91,700
Restricted cash	76,149		31,723
Total cash, cash equivalents and restricted cash	$	168,987	$	123,423