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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2012
RELATED PARTY TRANSACTIONS

NOTE 11. RELATED PARTY TRANSACTIONS

The Company is party to an agreement dated June 1, 2010 with Designers’ Surplus, LLC t/a Cabinets to Go (“CTG”). The Company’s founder is the sole member of an entity that owns a significant interest in CTG. Pursuant to the terms of the agreement, the Company provides certain advertising, marketing and other services. The Company charges CTG for its services at rates believed to be at fair market value. The revenue recognized by the Company from this agreement was $55, $83 and $124 in 2012, 2011 and 2010, respectively.

 

As described in Note 6, the Company leases a number of its store locations and Corporate Headquarters from Controlled Companies.