Restricted Cash

6 Months Ended

Jun. 30, 2011

Restricted Cash

Restricted Cash

2. Restricted Cash

At June 30, 2011, we had restricted cash of $28.0 million.  Of this amount, $24.7 million represents the cash collateral for the $24.1 million outstanding letters of credit and bank guarantees related to the February 2011 amendment of our Third Amended and Restated Credit Agreement, as amended ("Revolving Credit Facility").  We expect the period of restriction on this cash will not exceed twelve months based upon our operating and cash flow projections. This restricted cash is therefore classified as a current asset on the accompanying Condensed Consolidated Balance Sheets.  In addition, at June 30, 2011, we had $3.3 million of restricted cash for excess project funds denominated in Indian rupees in the Asia Pacific region and held at the Royal Bank of Scotland and Standard Chartered Bank.  These funds can only be repatriated after the project accounts are audited and tax clearance obtained.  We expect the period of restriction on this cash will not exceed twelve months and is therefore classified as a current asset on the Condensed Consolidated Balance Sheets.