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Contingent Consideration
6 Months Ended
Jun. 30, 2011
Contingent Consideration  
Contingent Consideration

10.       Contingent Consideration

 

In conjunction with the acquisition of Östergrens, the Company recorded contingent cash consideration based on the seller meeting certain performance criteria.  The Company paid a portion of the contingent consideration in the quarter ended March 31, 2011.  The remaining portion of contingent consideration accrued is $2,626,000 as of June 30, 2011 and is expected to be paid in the first quarter of 2012.  The contingent consideration is management’s best estimate through the date of the financial statements.  No adjustments to management’s estimate of the contingent consideration were made in the quarter or six months ended June 30, 2011.