Commitments And Contingencies

9 Months Ended

Sep. 30, 2013

Commitments And Contingencies [Abstract]

Commitments And Contingencies

12.  Commitments and Contingencies 

Liability Claims

The estimated unreported tissue processing and product loss liability and any related recoverable insurance amounts are as follows (in thousands): 

	September 30,		December 31,
	2013		2012
Short-term liability	$	820	$	895
Long-term liability		734		755
Total liability		1,554		1,650
Short-term recoverable		304		320
Long-term recoverable		294		300
Total recoverable		598		620
Total net unreported loss liability	$	956	$	1,030

Further analysis indicated that the liability as of September 30, 2013 could be estimated to be as high as $2.9 million, after including a reasonable margin for statistical fluctuations calculated based on actuarial simulation techniques. 

Employment Agreement

The Company has an employment agreement with its Chief Executive Officer (“CEO”) that confers benefits which become payable upon the occurrence of certain events, including the voluntary retirement of the CEO or termination of the CEO’s employment in conjunction with certain change in control events.  As of both September 30, 2013 and December 31, 2012 the Company had $2.1 million in accrued expenses and other current liabilities on the Summary Consolidated Balance Sheets representing benefits payable upon the CEO’s voluntary retirement, for which he is currently eligible.  The CEO’s current employment agreement took effect on January 1, 2013 and terminates on December 31, 2015.  A payment of $100,000 was made to the CEO in January 2013 in accordance with the terms of the new employment agreement.