XML 45 R16.htm IDEA: XBRL DOCUMENT v3.3.0.814
11. RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

The Company paid fees for training course development and utilization of the delivery platform from a company, the majority of which is owned by a partnership in which a significant shareholder, former director and three former executives of the Company have a controlling interest. Fees paid during the three and nine months ended September 30, 2015 and 2014 were less than $0.1 million.

 

As discussed further below in Note 12, “Commitments and Contingencies,” the Company entered into a Manufacturing and Supply Agreement (the “Cavalier Agreement”) with a plant in connection with its acquisition of Sanolite in July 2011.  The Cavalier Agreement was terminated in September 2014, pursuant to the terms of the agreement. In connection with the acquisition in 2011, two of the owners of both Sanolite and the manufacturing plant became Company employees.  There were no purchases, pursuant to the Cavalier Agreement, for the three and nine months ended September 30, 2015 and $1.8 million and $4.9 million for the three and nine months ending September 30, 2014, respectively. At September 30, 2015, there were no balances included in accounts payable due to this entity, and at December 31, 2014, the Company had $0.3 million included in accounts payable due to this entity. As described in Note 12, the transactions pursuant to the Cavalier Agreement were considered to be conducted at the going market prices for such products.

 

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. Such lease payments made during the three months ended September 30, 2015 and 2014 were $0.2 million and $0.2 million, respectively, and for the nine months ended September 30, 2015 and 2014 were $0.5 million and $0.7 million, respectively.