v3.26.1
Cash and Cash Equivalents
6 Months Ended
Jun. 30, 2026
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents

13. Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less. The fair value of cash and cash equivalents approximates carrying value due to their short-term nature. Cash balances that are legally restricted as to usage or withdrawal are separately included in "Prepaid expenses and other current assets" within the Company's unaudited Condensed Consolidated Balance Sheets. Additionally, Restricted cash includes the $3,791,000 increase in fiduciary liabilities included in cash flows from financing activities in the Company's unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Company's unaudited Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown within the Company's unaudited Condensed Consolidated Statements of Cash Flows:

 

(In thousands)

 

June 30, 2026

 

 

December 31, 2025

 

 

June 30, 2025

 

 

December 31, 2024

 

Cash and cash equivalents

 

$

69,419

 

 

$

64,079

 

 

$

58,529

 

 

$

55,412

 

Restricted cash within prepaid expenses and other current assets

 

 

4,393

 

 

 

467

 

 

 

390

 

 

 

917

 

Total cash, cash equivalents and restricted cash

 

$

73,812

 

 

$

64,546

 

 

$

58,919

 

 

$

56,329