Note 10 - Related Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions Disclosure [Text Block]

(10)       RELATED PARTY TRANSACTIONS:

During 2000, we moved our United Kingdom staff training facility into a new facility.  Effective June 24, 2000, we executed a 20-year commercial office lease for this new facility.  The lessor for this facility is a company which is owned by certain members of the family of our Chairman of the Board and another one of our directors.  Execution of the lease was approved by a majority of the disinterested members of our Board of Directors.  We believe that the terms of the lease are no less favorable than could be obtained from an unaffiliated party.  Rent expense (denominated in U.K. Pound Sterling and converted to U.S. Dollars based on exchange rates then in effect) totaled $0.3 million in each of the three years ended December 31, 2012.  Future annual commitments under the lease are $0.3 million for the remaining term of the lease, subject to increases in 2015.