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Related Parties
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Parties

NOTE 18 – RELATED PARTIES:

In the ordinary course of business, the Corporation purchased 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 $955 in 2016, $1,270 in 2015 and $1,358 in 2014. In addition, LB Co paid the Corporation approximately $72 in 2015 and $100 in 2014 for certain administrative services. The net amount payable to LB Co approximated $93 at December 31, 2015. No amounts were due or payable for 2016. The Corporation does not intend to purchase industrial supplies from LB Co in 2017.

ATR has a $4,990 (RMB 34,655) loan outstanding with its minority shareholder. The loan originally matured in 2008 but has been renewed continually for one year periods. Interest does not compound and has accrued on the outstanding balance, since inception, at the three-to-five-year loan interest rate set by the People’s Bank of China in effect at the time of renewal. The interest rate for 2016 approximated 4.90% and accrued interest as of December 31, 2016 approximated $2,265 (RMB 15,730), which is recorded in other current liabilities on the consolidated balance sheet. Purchases from ATR’s minority shareholder approximated $140 (RMB 931) in 2016. Excluding the loan and interest outstanding, the amount payable to ATR’s minority shareholder at December 31, 2016 for purchases made in the ordinary course of business approximated $206 (RMB 1,429).