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Related Party Transactions
12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions
10. Related Party Transactions

In addition to the member advances and notes payable and the repayment thereof discussed in Note 7, the Company executed transactions with entities affiliated with its Chairman and Chief Executive Officer. Such transactions include automobile, furniture and equipment purchases as well as building operating lease payments, an allocation of insurance expense and reimbursement at the related party’s cost for the use of a private aircraft service by our officers and directors.

The transactions which occurred during the years ended December 31, 2013, 2012 and 2011 are outlined below (in thousands):

 

     December 31,  
     2013      2012      2011  

Tax, utility, insurance and other reimbursement

   $ 336       $ 234       $ 248   

Rent expense

     977         572         572   

Capital assets acquired

     625         568         1,807   
  

 

 

    

 

 

    

 

 

 

Total

   $ 1,938       $ 1,374       $ 2,627   
  

 

 

    

 

 

    

 

 

 

 

In the third quarter of 2012, the Company revised its related party capital asset purchasing arrangement. The Company now pays vendors directly for such purchases and pays only an agent fee to the related party. Only the agent fee is recognized as a related party transaction subsequent to August 2012.

Certain employees of the Company provided services to companies outside the consolidated group for which the Company is not reimbursed. These amounts were not material for any of the years ended December 31, 2013, 2012 and 2011.This activity was discontinued by the Company during the second quarter of 2013.