Related Party Transactions
12 Months Ended
Dec. 31, 2011
Related Party Transactions [Abstract]  
Related Party Transactions

3.Related Party Transactions

The Company purchases subcontract labor services from St. Lawrence Industrial Services, Inc., which is owned by a director of the Company. The cost for these services amounted to approximately $3,135,000, $2,668,000, and $1,558,000, in 2011, 2010, and 2009, respectively. St. Lawrence currently charges the Company cost for these services plus a $2,500 monthly management fee. The Company had a payable to this related party of $152,000 at December 31, 2011 and receivable from this related party of approximately $102,000 at December 31, 2010 which are included in accounts payable and prepaid expense and other assets at December 31, 2011 and 2010, respectively in the consolidated balance sheets.

 

A director of the Company is a partner in or has been of counsel for law firms that provided professional services to the Company. The cost for these services amounted to approximately $30,000, $55,000, and $25,000 in 2011, 2010, and 2009, respectively. The Company has a payable due to this related party of approximately $4,900 and $16,000 recorded in accounts payable at December 31, 2011 and 2010, respectively.

 

During 2010 and 2011, the Company utilized personal credit cards for several senior executives and board members to finance company expenses on a temporary basis. Amounts reimbursed to these individuals amounted to approximately $272,000 and $197,000 for the year ended December 31, 2011 and 2010.