Discontinued Operations - Related Party Transaction

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations - Related Party Transaction

Discontinued Operations - Related Party Transaction:

We divested FineTech Laboratories, Ltd (“FineTech”), effective December 31, 2005. We transferred the business for no proceeds to Dr. Arie Gutman, president and chief executive officer of FineTech. Dr. Gutman also resigned from our Board of Directors. In 2012 and 2011 we recorded tax amounts to discontinued operations for interest related to contingent tax liabilities. In 2011, we recognized a tax benefit of approximately $20,000 thousand to discontinued operations due to a reversal of certain FineTech related contingent tax liabilities. The results of FineTech operations are classified as discontinued because we have no continuing involvement in FineTech.