Table:
|  | December 31, |  |
| --- | --- | --- |
|  | 2019 | 2018 |
| Cash and cash equivalents | $259,067 | $256,947 |
| Restricted cash included in other assets | 304 | 304 |
| Cash, cash equivalents and restricted cash shown in the statement of cash flows | $259,371 | $257,251 |
Paragraphs:
Cash, Cash Equivalents and Restricted Cash
As of December 31, 2019, the Company had $259.1 million of cash and cash equivalents. Cash and cash equivalents include liquid investments, primarily money market funds, with maturities of less than 90 days at the time of purchase. Management determines the appropriate classification of its investments at the time of purchase and at each balance sheet date.
As of December 31, 2019 and December 31, 2018, the Company had restricted cash of $0.3 million, representing the amount pledged as collateral to the issuer of a standby letter of credit (the “LC”). The LC, which expires in August 2021, has been provided as a guaranty to the lessor of our corporate offices.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheet to the consolidated statement of cash flows (in thousands):
Question:
What is the percentage change in cash and cash equivalents between 2018 and 2019?
Answer: (259067 - 256947)/256947  = 0.83