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Related Party Transactions
3 Months Ended
Oct. 01, 2023
Related Party Transactions [Abstract]  
Related Party Transactions

12. Related Party Transactions

 

Related party balances and transactions are not material to the condensed consolidated financial statements and, accordingly, are not presented separately from other financial statement captions.

There were no related party receivables as of October 1, 2023 or July 2, 2023.

Related party payables for Salem Leasing Corporation consisted of the following:

 

 

October 1, 2023

 

 

July 2, 2023

 

Accounts payable

 

$

516

 

 

$

457

 

Operating lease obligations

 

 

453

 

 

 

502

 

Finance lease obligations

 

 

3,356

 

 

 

3,677

 

Total related party payables

 

$

4,325

 

 

$

4,636

 

The following were the Company’s significant related party transactions:

 

 

 

 

For the Three Months Ended

 

Affiliated Entity

 

Transaction Type

 

October 1, 2023

 

 

October 2, 2022

 

Salem Leasing Corporation

 

Payments for transportation equipment costs and finance lease debt service

 

$

1,209

 

 

$

1,199