Related Party Transactions

3 Months Ended

Sep. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

10. Related Party Transactions:

In accordance with the Transaction, Providence provides the Company with advisory, consulting, and other services for which the Company pays Providence an aggregate annual management fee of $1.8 million. For the period from July 21, 2011 through September 30, 2011 and the three months ended September 30, 2012, the Company incurred $0.3 million and $0.5 million, respectively, in management fees and related expenses.

As of June 30, 2012 and September 30, 2012, a Providence affiliate owned $11.7 million and $4.4 million of the Company’s Term Loan B Facility, respectively. No interest payments were made for the Term Loan B Facility during the period from July 21, 2011 through September 30, 2011. Interest payments were made for this portion of the Term Loan B Facility of approximately $0.2 million during the three months ended September 30, 2012.

From time to time, and in the ordinary course of business the Company purchases goods and services from other Providence portfolio companies. Costs associated with these related party transactions for the period from July 21, 2011 through September 30, 2011 and the three months ended September 30, 2012 were $1.7 million and $1.8 million, respectively.

As of June 30, 2012, there were no amounts due from related parties and $0.9 million due to related parties was included in the accompanying condensed consolidated balance sheet. As of September 30, 2012, there were no amounts due from related parties and $0.4 million due to related parties was included in the accompanying condensed consolidated balance sheet.