Related Party Transactions

12 Months Ended

Jun. 27, 2021

Related Party Transactions [Abstract]

Related Party Transactions

23. Related Party Transactions

There were no related party receivables as of June 27, 2021 and June 28, 2020.

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.

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

	June 27, 2021		June 28, 2020
Accounts payable	$	469	$	616
Operating lease obligations		1,133		1,481
Finance lease obligations		6,149		6,509
Total related party payables	$	7,751	$	8,606

The following are the Company’s significant related party transactions for the current or prior two fiscal years and consist of the matters in the table below and the following paragraphs:

		For the Fiscal Year Ended
Affiliated Entity	Transaction Type	June 27, 2021		June 28, 2020		June 30, 2019
Salem Leasing Corporation	Payments for transportation    equipment costs and finance    lease debt service	$	4,122	$	3,798	$	4,102