Related Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions

(16) Related Party Transactions

The Company and its subsidiaries paid 55 Waugh, LP, a partnership 60% owned by C. Berdon Lawrence, the former Chairman of the Board and former director of the Company, and his family, $1,487,000 in 2012, $1,491,000 in 2011 and $1,660,000 in 2010 for the rental of office space in a building owned by 55 Waugh, LP. The Company's headquarters are located in the building under a lease that was signed in 2005, prior to the purchase of the building by 55 Waugh, LP, and expires at the end of 2015. Mr. Lawrence resigned from the Company's Board of Directors effective December 31, 2012.

The Company is a 50% owner of The Hollywood Camp, L.L.C. ("The Hollywood Camp"), a company that owns and operates a hunting and fishing facility used by the Company and L3 Partners, LLC ("L3P"), a company owned by Mr. Lawrence, which is also a 50% owner. The Company uses The Hollywood Camp primarily for customer entertainment. L3P acts as manager of The Hollywood Camp. The Hollywood Camp allocates lease and lodging expenses to its members based on their usage of the facilities. The Company paid The Hollywood Camp $2,392,000 in 2012, $2,121,000 in 2011 and $1,558,000 in 2010 for its share of facility expenses.

The Company and its subsidiaries paid L3P $144,000 in 2012 and $67,000 in 2011 for air transportation services provided by L3P, and $259,000 for air transportation services provided by L3P and office relocation costs in 2010. Such services were in the ordinary course of business of the Company.

The son of Mr. Lawrence is the Chairman of the Board and Chief Executive Office, and owns 70% of the common stock of Bayou City Pumps, Inc. ("Bayou City").  Bayou City provides overhauls of black oil barge pumps to the Company.  Bayou City acquired Engineering Pump Services, another supplier of the Company that provides overhauls of black oil barge pumps, in the first quarter of 2012.  The Company paid Bayou City $1,409,000 in 2012, $44,000 in 2011 and $200,000 in 2010 for the overhauls of black oil barge pumps.  Such overhauls were in the ordinary course of business of the Company.

Richard J. Alario, a current director of the Company, is the Chairman of the Board, President and Chief Executive Officer of Key Energy Services, Inc. ("Key Energy"). Key Energy paid the Company $13,152,000 in 2012 and $7,978,000 in 2011 for oilfield service equipment and for parts and service. Such sales and service were in the ordinary course of business of the Company.  In addition, Key Energy paid Hollywood Camp $463,000 for use of the facility during 2012.  

Prior to the purchase of Penn by the Company, the Company and its subsidiaries provided diesel engine services to Penn related to the repair and maintenance of its vessels.  In 2012, Penn paid $1,253,000 to the Company for diesel engine services in the ordinary course of business of the Company.  William M. Waterman, elected to the Company Board of Directors on December 31, 2012, was the former President of Penn.

The husband of Amy D. Husted, Vice President — Legal of the Company, is a partner in the law firm of Strasburger & Price, LLP. The Company paid the law firm $384,000 in 2012, $483,000 in 2011 and $412,000 in 2010 for legal services in connection with matters in the ordinary course of business of the Company.