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Transactions With Related Parties
12 Months Ended
Dec. 31, 2015
Transactions With Related Parties [Abstract]  
Transactions With Related Parties

18.  Transactions with Related Parties

 

A member of the Company’s Board of Directors and a shareholder of the Company is an employee of an investment banking services company.  The Company made stock repurchases of zero,  $5.6 million, and $321,000 in 2015,  2014, and 2013, respectively, which includes the cost of stock and commissions of less than 1% to that investment banking services company.

 

A member of the Company’s Board of Directors and a shareholder of the Company was the former Chief of Thoracic Surgery of a university hospital that generated product and preservation services revenues of $329,000,  $273,000, and $353,000 for the Company in 2015,  2014, and 2013, 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 product and preservation services revenues of $617,000,  $616,000, and $345,000 for the Company in 2015,  2014, and 2013, respectively.

 

The Company expensed $35,000,  $45,000, and $47,000 in 2015,  2014, and 2013, 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.