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Related Party Transactions
3 Months Ended
Sep. 25, 2016
Related Party Transactions [Abstract]  
Related Party Transactions

19.  Related Party Transactions

For details regarding the nature of certain related party relationships, see Note 25, “Related Party Transactions,” to the consolidated financial statements in the 2016 Form 10-K.

Related party receivables consists of the following:

 

 

 

September 25, 2016

 

 

June 26, 2016

 

Salem Global Logistics, Inc.

 

$

5

 

 

$

7

 

Total related party receivables (included within receivables, net)

 

$

5

 

 

$

7

 

 

Related party payables consists of the following:

 

 

 

September 25, 2016

 

 

June 26, 2016

 

Salem Leasing Corporation

 

$

262

 

 

$

250

 

Total related party payables (included within accounts payable)

 

$

262

 

 

$

250

 

 

Related party transactions in excess of $120 for the current or prior fiscal year consist of the matters below:

 

 

 

 

 

For the Three Months Ended

 

Affiliated Entity

 

Transaction Type

 

September 25, 2016

 

 

September 27, 2015

 

Salem Leasing Corporation

 

Transportation equipment costs

 

$

978

 

 

$

945

 

Salem Global Logistics, Inc.

 

Freight service income

 

 

21

 

 

 

62

 

 

The balance of a capital lease obligation with Salem Leasing Corporation as of September 25, 2016 and June 26, 2016 was $999 and $1,015, respectively.

 

Mr. William J. Armfield, IV, a member of the Board of Directors (the “Board”) of Unifi until his passing in July 2016, was a director and the Non-Executive Chairman of, and held an indirect minority equity interest in Cupron, Inc. (“Cupron”). There was no significant activity between Cupron and the Company in July 2016, and therefore, any such transactions or balances in the current and comparative prior periods are omitted from current disclosures.

 

During the first quarter of fiscal 2017, the Company paid $126 to Mr. William L. Jasper, the Company’s former Chairman and Chief Executive Officer, for consulting fees. As of September 25, 2016, $500 of consulting fees were payable to Mr. Jasper subject to his continued compliance with his consulting agreement with the Company.