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Related Party Transactions
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12 Months Ended |
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Dec. 31, 2011
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| Related Party Transactions [Abstract] | |
| Related Party Transactions Disclosure [Text Block] |
RELATED PARTY TRANSACTIONS
The Company's principal and controlling shareholder previously provided a limited personal indemnification to the surety
companies that provide performance and payment bonds and other surety products to the Company. In 2006, the Company
issued 2,000,000 shares of restricted stock to the Company's principal and controlling shareholder under the 2000 Stock
Incentive Plan (see Note 11) as compensation for providing the personal indemnification. In 2009, the Company issued 600,000
stock options to the principal and controlling shareholder under the 2000 Stock Incentive Plan as compensation for providing
the personal indemnification.
During 2010, in connection with the initial public offering (see Note 11), the limited personal indemnification provided by
the Company's principal and controlling shareholder was removed.
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- Details
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- Definition
The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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