Transactions With Related Parties

12 Months Ended

Dec. 31, 2013

Transactions With Related Parties [Abstract]

Transactions With Related Parties

17.  Transactions with Related Parties

An investment banking services company employee became a member of the Company’s Board of Directors and a shareholder of the Company in 2012.  The Company made stock repurchases of $321,000, $794,000, and $2.9 million in 2013,  2012, and 2011, respectively, which includes the cost of stock and commissions of less than 1%, and expensed $818,000 in 2011 for investment banking services from that company.  The Company did not record expenses for investment banking services from that company in 2013 or 2012.

A member of the Company’s Board of Directors and a shareholder of the Company is a current employee of and the former Chief of Thoracic Surgery of a university hospital that generated preservation services and product revenues of $353,000, $267,000, and $198,000for the Company in 2013,  2012, and 2011, respectively.  Additionally, the son of this member of the Company’s Board of Directors receives a retainer for performing heart and lung transplants from a medical center that generated preservation services and product revenues of $345,000, $312,000, and $219,000for the Company in 2013,  2012, and 2011, respectively.

The Company expensed $47,000, $22,000, and $45,000 in 2013,  2012, and 2011, respectively, relating to supplies for clinical trials purchased from a company whose Chief Financial Officer is a member of the Company's Board of Directors and a shareholder of the Company. 

A relative of the Company’s CEO is employed as a vice president of the Company.  His compensation and benefits are set and subject to review by the Compensation Committee of the Board of Directors.