management fees payable to Service Bank. The risks and re w a rds of ownership of the ATM network transferred to the Company as of J a n u a ry 1, 1999, and revenues and expenses from the operation of the ATM network accrued to Euronet from that date.  The acquisition was accounted for as a purchase; accord i n g l y, the results of operations have been included in the accompanying consolidated financial statements since January 1, 1999. The purchase price was allocated to assets acquired in the amount of $3.5 million based on their fair values. The excess of the purchase price over the fair value of the net assets acquired of $3.2 million was re c o rded as goodwill and is a m o rtized over seven years.  On August 13, 1999, Euronet USA purchased the remaining 66 2/3% interest in Dash for a consideration of $800,000 payable in 24 equal monthly installments commencing on July 1, 1999. Euronet USA has delivered letters of credit to each of the sellers in the amount of the e n t i re unpaid balance of the purchase price of Dash. As payments are made, the outstanding credit risk exposures related to the letters of c redit are reduced pro p o rt i o n a t e l y. Euronet USA now owns a 100% interest in Dash.  The acquisition was accounted for as a purchase; accord i n g l y, the results of operations have been included in the accompanying consolidated financial statements since July 1, 1999. The purchase price was allocated to assets acquired of $680,000 based on their fair values. The excess of the purchase price over the fair value of the net assets acquired of $120,000 has been re c o rded as goodwill and is amortized over ten years.  On November 30, 1998, the Company acquired the outstanding common stock of Euronet USA for purchase consideration of appro x i m a t e l y $17.9 million (including incidental costs of $90,000 and fair value of stock options of $96,000). Euronet USA, with headquarters in Little Rock, Arkansas, sells payment and transaction delivery systems worldwide. Its main software products include ATM and network pro c e s s i n g , e l e c t ronic funds transfer interfaces, electronic funds transfer switch control, credit/debit card processing and corporate cash management and personal financial management access products. Euronet USA is the software provider to Euro n e t ’s ATM transaction processing center in Central Europe.  The acquisition was accounted for as a purchase; accord i n g l y, the results of operations are included in the accompanying consolidated financial statements since the date of acquisition. The purchase price was allocated to assets acquired ($7.5 million) and liabilities assumed ($6.0 million) based on their fair values. The excess of the purchase price over the fair value of the net assets acquired of $16.4 million was allocated $1.0 million to in-process re s e a rch and development (“IPRD”), $8.7 million to other identifiable intangible assets and the remaining $6.7 million to goodwill (see Note 9). This allocation was based on independent valuations perf o rmed at the time of acquisition. I n - p rocess re s e a rch and development was written-off to operations at the date of the acquisition. In the third quarter of 2000 the  remaining book value of intangibles and goodwill of $11.2 million was written down in accordance with SFAS No. 121 (see Note 10).  The restricted re s e rve arose from the provisions of Hungarian accounting law in relation to share capital contributed in foreign currency to Bank Tech and Administrative Services. Under these rules, a foreign currency capital contribution is re c o rded in the local accounting re c o rd s of the companies using the rate when the capital was contributed. The foreign currency gain (or loss) which arises upon usage of the fore i g n c u rrency is re c o rded as a separate non-distributable re s e rve.  The re s e rve has remained frozen during the year as the laws in Hungary have now changed and no longer re q u i re this accounting. However, the change in the law is not re t roactive and the historical re s e rve remains undistributable.  The restricted cash balances as of December 31, 2000 and 1999, were as follows:  The ATM deposit balances held are equivalent to the value of certain banks’ cash held in Euro n e t ’s ATM network. The Company also has deposits with commercial banks to cover guarantees and deposits with customs officials to cover future charg e s . ( 6 ) Restricted Cash (5) Restricted Reserve  December 31, 2 0 0 0 1 9 9 9 (in thousands) ATM deposits $ 7 1 0 $ 6 , 5 6 7 Deposits for financial instru m e n t s —. 3 , 6 4 9 O t h e r 1,393  7 1 3 $ 2 , 1 0 3 $ 10,929  3 2