Related Party Transactions

6 Months Ended

Jun. 30, 2011

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 8 - Related Party Transactions

Stephen M. Merrick, Executive Vice President, Secretary and a Director of the Company, is of counsel to the law firm of Vanasco Genelly and Miller PC which provides legal services to the Company. Legal fees paid by the Company with this firm for the three months ended June 30, 2011 and 2010, respectively, were $46,000 and $43,000.  Legal fees paid by the Company with this firm for the six months ended June 30, 2011 and 2010, respectively, were $86,000 and $85,000.

John H. Schwan, Chairman of the Company, is a principal of Shamrock Specialty Packaging and affiliated companies.  The Company made payments for packaging materials, rent and temporary employees supplied by Shamrock of approximately $531,000 during the three months ended June 30, 2011 and $478,000 during the three months ended June 30, 2010.  The Company made payments for packaging materials, rent and temporary employees supplied by Shamrock of approximately $1,050,000 during the six months ended June 30, 2011 and $987,000 during the six months ended June 30, 2010.  At June 30, 2011 and 2010, outstanding accounts payable balances were $474,000 and $381,000, respectively.

John H. Schwan, Chairman of the Company, and Howard W. Schwan, President of the Company, are the brothers of Gary Schwan, one of the owners of Schwan Incorporated, which provides building maintenance and remodeling services to the Company.  The Company made payments to Schwan Incorporated of approximately $8,000 during the three months ended June 30, 2011 and $10,000 during the three months ended June 30, 2010.  The Company made payments to Schwan Incorporated of approximately $10,000 during the six months ended June 30, 2011 and $24,000 during the six months ended June 30, 2010.

Interest payments have been made to John H. Schwan and Stephen M. Merrick for loans made to the Company.  During the three months ended June 30, 2011 these interest payments totaled $26,000 and $1,000, respectively.  For the three months ended June 30, 2010 these interest payments totaled $40,000 and $16,000, respectively.  During the six months ended June 30, 2011 these interest payments totaled $53,000 and $6,000, respectively.  During the six months ended June 30, 2010 these interest payments totaled $80,000 and $32,000, respectively.