Related Party Transactions

12 Months Ended

Dec. 31, 2015

14.	Related Party Transactions

During 2015, 2014 and 2013, we paid fees of $0.4 million per year to Icarus for management consulting services. These services were provided by Jason DeZwirek and Phillip DeZwirek, our Chairman of our Board and retired Chairman of the Board, respectively, through Icarus. During 2015, 2014 and 2013, we paid fees of $0.3 million, $0.1 million and $0.3 million, respectively, for consulting services to JMP Fam Holdings Inc., through which Jonathan Pollack, a member of the Board of Directors, provides services. All services described above are based on verbal agreements with the Company. The Board of Directors approves the above services on an annual basis.

During 2015, 2014, and 2013, we incurred rent expense of $1.1 million, $0.3 million, and $0.2 million, respectively, to lease facilities at the Adwest, Zhongli, and Emtrol subsidiaries. These are recently acquired subsidiaries, and the facilities are owned by the former owners of these subsidiaries. The Company currently employs the former owners in a managerial role at the respective subsidiaries.

During 2015, we purchased $0.3 million in inventory from a company owned by the former owner of the Zhongli subsidiary, and sold $0.4 million of inventory to the same company. The Company currently employs the former owner in a managerial role at this subsidiary.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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