RELATED PARTY TRANSACTIONS
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12 Months Ended | ||
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Dec. 31, 2013
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Related Party Transactions [Abstract] | |||
RELATED PARTY TRANSACTIONS |
The Company provides certain administrative services to RPC, Inc. (RPC) (a company of which Mr. R. Randall Rollins is also Chairman and which is otherwise affiliated with the Company). The service agreements between RPC and the Company provide for the provision of services on a cost reimbursement basis and are terminable on six months notice. The services covered by these agreements include administration of certain employee benefit programs, and other administrative services. Charges to RPC (or to corporations which are subsidiaries of RPC) for such services and rent totaled approximately $0.1 million for the years ended December 31, 2013, 2012 and 2011.
The Company rents office, hanger and storage space to LOR, Inc. (LOR) (a company controlled by R. Randall Rollins and Gary W. Rollins). Charges to LOR (or corporations which are subsidiaries of LOR) for rent totaled $1.1 million, $1.1 and $1.0 for the years ended December 31, 2013, 2012 and 2011, respectively.
All transactions were approved by the Companys Nominating and Governance Committee of the Board of Directors. |
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- Details
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- Definition
The entire disclosure for related party transactions. 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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