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Restricted Cash
12 Months Ended
Dec. 31, 2012
Restricted Cash

4. Restricted Cash

As of December 31, 2012 and 2011, the Company’s balance sheet included approximately $5.9 million and $3.9 million, respectively, in restricted cash, of which $2.3 million related to a cash reserve from the Citadel Merger for both years. The reserve is expected to be used to satisfy the remaining allowed, disputed or unreconciled unsecured claims related to Citadel’s prior bankruptcy proceedings. At December 31, 2012, and December 31, 2011, $1.3 million and $1.6 million, respectively, of the restricted cash balance relates to securing the maximum exposure generated by automated clearing house transactions in the Company’s operating bank accounts and as dictated by the Company’s bank’s internal policies with respect to cash. At December 31, 2012, amounts held in escrow related to pending acquisitions were $2.3 million.