Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies

Note 9 - Commitments and Contingencies

Letters of Credit

The Company has finance arrangements which facilitate the issuance of letters of credit and bank guarantees. Under the terms of the arrangements, E&S is required to maintain a balance in a specific cash account equal to or greater than the outstanding value of all letters of credit or bank guarantees issued, plus other amounts necessary to adequately secure obligations with the financial institution. As of December 31, 2011, there were outstanding letters of credit and bank guarantees of $1,414, which are scheduled to expire between 2012 and 2014. There was $352 of restricted cash included in other assets as of each of December 31, 2011 and 2010.