Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2021

Restricted Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure

3. Cash, Cash Equivalents and Restricted Cash

Cash includes cash in readily available checking accounts and cash equivalents include money market funds that invest in U.S. treasury securities and all highly liquid investments maturing within 90 days from the date of purchase.

Amounts included in restricted cash represent amounts pledged as collateral for letters of credit required for security deposits on the Company’s leased facilities. Restricted cash totaled $2.7 million and $2.3 million at December 31, 2021 and December 31, 2020, respectively. These amounts are classified as a component of other current assets and as restricted cash on the Company’s consolidated balance sheets.

Cash, cash equivalents and restricted cash consisted of the following:

	December 31,		December 31,
(in thousands)	2021		2020
Cash and cash equivalents	$	200,825	$	300,852
Short term restricted cash included in other current assets		383		—
Restricted cash		2,311		2,301
Total	$	203,519	$	303,153