v3.26.1
Cash and Cash Equivalents (Tables)
 3 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
Schedule of Cash and Cash Equivalents
Cash and cash equivalents include short-term deposits with an original maturity of less than three months. The following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statement of cash flows:
 
 March 31, 2026December 31, 2025
Money market accounts – cash equivalents$15,898 $24,828 
Time deposit accounts - cash equivalents30,204 3,000 
Cash (1)
43,642 75,226 
Cash and cash equivalents89,744 103,054 
Restricted cash (2)
270 270 
Total cash, cash equivalents and restricted cash$90,014 $103,324 

(1) It consists of cash deposits at various major banks.
(2) Restricted cash consists of amounts required to be maintained under the Company’s insurance arrangements and is not available for
general corporate purposes.

As of March 31, 2026 and December 31, 2025, the Company held cash and cash equivalents in the following subsidiaries:
March 31, 2026December 31, 2025
Pangaea (1)
$84,909 $95,228 
NBHC (2)
4,793 7,784 
Deck Barge (3)
312 312 
Total cash, cash equivalents and restricted cash$90,014 $103,324 
(1) Held by 100% owned Pangaea consolidated subsidiaries
(2) Held by a 67% owned Pangaea consolidated subsidiary
(3) Held by a 50% owned Pangaea consolidated subsidiary.