Related Party Transactions

3 Months Ended

Mar. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions

In August 2010, the Company borrowed $2.0 million for working capital purposes, pursuant to an unsecured note payable to one of its shareholders that bears interest at the short-term Applicable Federal Rate.  The balance as of March 31, 2012 and December 31, 2011 is $2.0 million.  The note was paid in full following the sale of Choice in November 2012, which is discussed more fully in Note 16 “Subsequent Events.”

During the three months ended March 31, 2012 and 2011, the Company purchased $X.X million and $0.0 million, respectively, of chemical products from an entity owned, in part, by a Company employee. At March 31, 2012 and December 31, 2011, the Company has $X.X million and $1.1 million included in accounts payable to this entity.

The Company is obligated to make lease payments pursuant to certain real property and equipment lease agreements with employees that were former owners of acquired companies.  Payments during the three months ended March 31, 2012 and 2011 to these companies totaled $X.X million and $X.X million, respectively.

At December 31, 2011, the Company had a liability of $0.2 million related to the funding of the 401(k) Profit Sharing Plan of an acquisition.

In connection with the acquisition of Choice, we entered in to capital leases that have initial terms of five or ten years with companies owned by shareholders of Choice, to finance the cost of leasing office buildings and properties, including warehouses.  The fair value of these leased properties of $2.9 million is included in assets from discontinued operations and is being depreciated over the terms of the respective leases. Capital lease obligations of $2.3 million and $2.3 million is included in liabilities from discontinued operations as of March 31, 2012 and December 31, 2011, respectively.

The Company sold its Waste segment, which consists principally of Choice, during the fourth quarter of 2012, as more fully described in Note 16 “Subsequent Events” and in connection therewith, transferred all remaining capital lease obligations to the buyers.