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Related Party Transactions
6 Months Ended
Jun. 30, 2011
Related Party Transactions [Abstract]  
Related Party Transactions
10. Related Party Transactions
The Company purchased services under a subcontract from Net Commerce Corporation, which is a Government contractor wholly-owned by Mr. Rajiv Narang, the son of Mr. Charles K. Narang, the Chairman and Chief Executive Officer of the Company. For the three months ended June 30, 2011 and 2010, the expense incurred under this agreement was approximately $140,000 and $217,000, respectively. For the six months ended June 30, 2011 and 2010, the expense incurred under this agreement was approximately $348,000 and $528,000, respectively. As of June 30, 2011 and December 31, 2010, there were approximately $76,000 and $0 outstanding accounts payable, respectively.
The Company rents office space from Gur Parsaad Properties, Ltd. which is controlled by Dr. Gurvinder Pal Singh. Dr. Singh was a member of the NCI Board of Directors until June 9, 2010. The lease is for approximately 41,000 square feet at $15.00 per square foot with annual escalation and shared common area operating expenses. The lease expires on June 30, 2015. For the three months ended June 30, 2011 and 2010, NCI paid approximately $245,000 and $240,000, respectively, for rent to Gur Parsaad Properties, Ltd. For the six months ended June 30, 2011 and 2010, NCI paid $491,000 and $479,000, respectively, for rent to Gur Parsaad Properties, Ltd. As of June 30, 2011 and December 31, 2010, there were no outstanding accounts payable.
The Company believes these agreements were at market rates as of the date of each agreement.