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Related Party Transactions
3 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

14.  RELATED PARTY TRANSACTIONS



Commercial Contracts



Three subsidiaries of the company have executed separate financing agreements for equipment with Amur Equipment Finance. Gordon Glade, a director of Amur Equipment Finance, is a member of the company’s board of directors. Balances of approximately $752 thousand and $808 thousand related to these financing arrangements were included in debt at March 31, 2017, and December 31, 2016, respectively. Payments, including principal and interest, totaled $69 thousand during each of the three months ended March 31, 2017 and 2016. The weighted average interest rate for the financing agreements with Amur Equipment Finance was 6.8%.



Aircraft Leases



Effective January 1, 2015, the company entered into two agreements with an entity controlled by Wayne Hoovestol for the lease of two aircrafts. Mr. Hoovestol is chairman of the company’s board of directors. The company agreed to pay $9,766 per month for the combined use of up to 125 hours per year of the aircrafts. Flight time in excess of 125 hours per year will incur additional hourly charges. Payments related to these leases totaled $60 thousand during the three months ended March 31, 2017,  and $48 thousand during the three months ended March 31, 2016. The company had no outstanding payables related to these agreements at March 31, 2017 or December 31, 2016.