v3.25.1
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
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 reporting within the Condensed Consolidated Balance Sheets and in the Condensed Consolidated Statements of Cash Flows:
(in thousands)March 31, 2025December 31, 2024
Held by foreign entities$16,298 $20,790 
Held by U.S. entities 7,193 6,065 
Cash and cash equivalents23,491 26,855 
Reinsurance reserve requirements1,747 2,024 
Project indemnity collateral4,769 12,878 
Letters of credit collateral (1)
78,474 89,265 
Escrow for long-term project10,138 42 
Current and Long-term restricted cash and cash equivalents
95,128 104,209 
Total Cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows (2)
$118,619 $131,064 
(1) Balance drawn on Axos Credit Agreement to serve as collateral on our letters of credit. This is reflected in Current restricted cash in the Condensed Consolidated Balance Sheets.
(2) Includes cash held at discontinued operations of $1.9 million and $3.5 million at March 31, 2025 and December 31, 2024, respectively.
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 reporting within the Condensed Consolidated Balance Sheets and in the Condensed Consolidated Statements of Cash Flows:
(in thousands)March 31, 2025December 31, 2024
Held by foreign entities$16,298 $20,790 
Held by U.S. entities 7,193 6,065 
Cash and cash equivalents23,491 26,855 
Reinsurance reserve requirements1,747 2,024 
Project indemnity collateral4,769 12,878 
Letters of credit collateral (1)
78,474 89,265 
Escrow for long-term project10,138 42 
Current and Long-term restricted cash and cash equivalents
95,128 104,209 
Total Cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows (2)
$118,619 $131,064 
(1) Balance drawn on Axos Credit Agreement to serve as collateral on our letters of credit. This is reflected in Current restricted cash in the Condensed Consolidated Balance Sheets.
(2) Includes cash held at discontinued operations of $1.9 million and $3.5 million at March 31, 2025 and December 31, 2024, respectively.