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Restricted Cash
12 Months Ended
Dec. 31, 2015
Restricted Cash  
Restricted Cash

 

Note 5. Restricted Cash

        The restricted cash of $6.9 million at December 31, 2015 relates to a $5.9 million letter of credit associated to the security deposit for the sale leaseback transaction and a $1.0 million letter of credit relating to workers' compensation insurance. The restricted cash of $0.8 million at December 31, 2014 was established in connection with the Company's then outstanding Term Loan. At December 31, 2014, this interest reserve amount was reclassified as a current asset due to the reclassification of the related debt to a current liability in relation to the Company's non-compliance with certain covenant requirements. The interest reserve escrow amount was released upon the payment in full of the outstanding balance of the Term Loan (See Note 12). The change in restricted cash is classified in the statement of cash flows as a financing activity.