Related Party Transactions

12 Months Ended

Jun. 24, 2018

24. Related Party Transactions

Related party receivables consist of the following:

	June 24, 2018		June 25, 2017
Salem Global Logistics, Inc.	$	—	$	6
Total related party receivables (included within receivables, net)	$	—	$	6

Related party payables consist of the following:

	June 24, 2018		June 25, 2017
Salem Leasing Corporation (included within accounts payable)	$	306	$	298
Salem Leasing Corporation (capital lease obligation)		875		947
Total related party payables	$	1,181	$	1,245

Related party transactions in excess of $120 for the current or prior two fiscal years consist of the matters in the table below and the following paragraphs:

		For the Fiscal Year Ended
Affiliated Entity	Transaction Type	June 24, 2018		June 25, 2017		June 26, 2016
Salem Leasing Corporation	Transportation equipment costs and capital lease debt service	$	3,979	$	3,914	$	3,751
Salem Global Logistics, Inc.	Freight service income		147		128		253

Mr. Kenneth G. Langone, a member of the Board, is a director, shareholder and non-executive Chairman of the Board of Salem Holding Company. UNIFI leases tractors and trailers from Salem Leasing Corporation, a wholly owned subsidiary of Salem Holding Company. In addition to the monthly lease payments, UNIFI also incurs expenses for routine repair and maintenance, fuel and other expenses. These leases do not contain renewal options, purchase options or escalation clauses with respect to the minimum lease charges.

Salem Global Logistics, Inc. is also a wholly owned subsidiary of Salem Holding Company. During fiscal 2018, 2017 and 2016, UNIFI earned income by providing for-hire freight services for Salem Global Logistics, Inc.