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CASH, CASH EQUIVALENTS AND RESTRICTED CASH
6 Months Ended
Jun. 30, 2022
Cash and Cash Equivalents [Abstract]  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows.
June 30,
2022
December 31,
2021
June 30,
2021
December 31,
2020
Cash and cash equivalents$120,976 $143,964 $14,718 $29,265 
Restricted cash included in Other current assets316 1,083 270 270 
Restricted cash included in Other assets832 832 1,147 1,147 
Total Cash, Cash Equivalents, and Restricted Cash shown in the Condensed Consolidated Statements of Cash Flows$122,124 $145,879 $16,135 $30,682 
The Company includes amounts in restricted cash required to be set aside by contractual agreement. Restricted cash consists of cash collateralized letters of credit in support of its corporate office leases and cash deposits due to Legacy Nerdy Holders. As of June 30, 2022 and December 31, 2021, the Company reported cash deposits of zero and $767, respectively, due to Legacy Nerdy Holders in exchange for their Historical Nerdy LLC Equity as “Other current assets” on the Condensed Consolidated Balance Sheets.