Related Party Transactions (Notes)

6 Months Ended

Jun. 30, 2015

Related Party Transactions [Abstract]

Related Party Transactions

(13) Related Party Transactions

Due to VWR Holdings — ITRA

We are party to an income tax receivable agreement (“ITRA”) with VWR Holdings. The ITRA provides for the payment of 85% of the amount of cash savings, if any, in U.S. federal, state and local income tax realized as a result of utilizing net operating losses that were generated in periods prior to the IPO. As noted previously, our Sponsors own a controlling interest in VWR Holdings.

The timing of payments under the ITRA corresponds to the beginning of the year in which the net operating loss carryforwards are claimed on our tax return. We made a payment under the ITRA of $9.8 million in the first quarter of 2015. At June 30, 2015, the liability due to VWR Holdings under the ITRA was $163.1 million. We have included $25.5 million of the ITRA liability within other current liabilities, representing our estimate of the payment that will become due in the beginning of 2016 based on current forecasts.

Registration Rights Agreement

In the second quarter of 2015, VWR Holdings completed a registered sale of 18.4 million shares of our common stock. We received no proceeds from this sale and issued no additional shares of our common stock. Pursuant to our registration rights agreement with VWR Holdings (see Note 8), we incurred expenses of $0.9 million in connection with the registration and the sale of common stock.