Related Party Transactions

12 Months Ended

Jun. 28, 2020

25. Related Party Transactions

There were no related party receivables as of June 28, 2020 and June 30, 2019.

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

	June 28, 2020		June 30, 2019
Accounts payable	$	616	$	634
Operating lease obligations		1,481		—
Finance lease obligations		6,509		806
Total related party payables	$	8,606	$	1,440

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 28, 2020		June 30, 2019		June 24, 2018
Salem Leasing Corporation	Transportation equipment costs and finance lease debt service	$	3,798	$	4,102	$	3,979
Salem Global Logistics, Inc.	Freight service income		—		—		147

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, UNIFI earned income by providing for-hire freight services for Salem Global Logistics, Inc.