Related Parties

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Parties

NOTE 16 – RELATED PARTIES:

In the ordinary course of business, the Corporation purchases industrial supplies from a subsidiary of The Louis Berkman Company (“LB Co”). Certain directors of the Corporation are either officers, directors and/or shareholders of LB Co. Purchases from LB Co approximated $1,270 in 2015, $1,358 in 2014 and $1,489 in 2013. In addition, LB Co paid the Corporation approximately $72 in 2015, $100 in 2014 and $150 in 2013 for certain administrative services. The net amount payable to LB Co approximated $93 and $28 at December 31, 2015 and 2014, respectively.