v3.26.1
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Supplemental Cash Flow Information [Abstract]  
Schedule of Cash and Cash Equivalents Reconciliation
The following table provides a reconciliation of Cash and cash equivalents and Current and Long-term restricted cash reported within the Condensed Consolidated Balance Sheets and in the Condensed Consolidated Statements of Cash Flows:
(in thousands)June 30, 2026December 31, 2025
Held by foreign entities$11,364 $9,048 
Held by U.S. entities 297,270 80,408 
Cash and cash equivalents308,634 89,456 
Reinsurance reserve requirements1,991 2,407 
Project indemnity collateral
8,076 32,264 
Letters of credit collateral (1)
48,455 66,801 
Escrow for long-term project15,674 10,432 
Current and Long-term restricted cash and cash equivalents
74,196 111,904 
Total Cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows$382,830 $201,360 
(1) Balance drawn on Axos Credit Agreement to serve as collateral on our letters of credit. This is reflected in Current and Long-term restricted cash in the Condensed Consolidated Balance Sheets.
Schedule of Restricted Cash and Cash Equivalents
The following table provides a reconciliation of Cash and cash equivalents and Current and Long-term restricted cash reported within the Condensed Consolidated Balance Sheets and in the Condensed Consolidated Statements of Cash Flows:
(in thousands)June 30, 2026December 31, 2025
Held by foreign entities$11,364 $9,048 
Held by U.S. entities 297,270 80,408 
Cash and cash equivalents308,634 89,456 
Reinsurance reserve requirements1,991 2,407 
Project indemnity collateral
8,076 32,264 
Letters of credit collateral (1)
48,455 66,801 
Escrow for long-term project15,674 10,432 
Current and Long-term restricted cash and cash equivalents
74,196 111,904 
Total Cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows$382,830 $201,360 
(1) Balance drawn on Axos Credit Agreement to serve as collateral on our letters of credit. This is reflected in Current and Long-term restricted cash in the Condensed Consolidated Balance Sheets.