Related Party Transactions

12 Months Ended

Dec. 31, 2020

The following table presents Knight-Swift's transactions with companies controlled by and/or affiliated with its related parties:



	2020				2019				2018
	Provided by Knight-Swift		Received by Knight-Swift		Provided by Knight-Swift		Received by Knight-Swift		Provided by Knight-Swift		Received by Knight-Swift
	(In thousands)
Freight Services:
Central Freight Lines 1	$	7,837	$	—	$	19,651	$	—	$	681	$	—
SME Industries 1	56		—		345		—		698		—

Total	$	7,893	$	—	$	19,996	$	—	$	1,379	$	—

Facility and Equipment Leases:
Central Freight Lines 1	$	48	$	277	$	322	$	369	$	916	$	370
Other Affiliates 1	11		229		18		—		19		—
Total	$	59	$	506	$	340	$	369	$	935	$	370

Other Services:
Central Freight Lines 1	$	427	$	—	$	1,834	$	—	$	—	$	—



DPF Mobile 1	—		33		—		220		—		308
Other Affiliates 1	15		35		39		2,432		589		2,282
Total	$	442	$	68	$	1,873	$	2,652	$	589	$	2,590

1 Entities affiliated with former Board member Jerry Moyes include Central Freight Lines, SME Industries, Compensi Services, and DPF Mobile. "Other affiliates" includes entities that are associated with various board members and executives and require approval by the Board prior to completing transactions. Transactions with these entities generally include freight services, facility and equipment leases, equipment sales, and other services.

•Freight Services Provided by Knight-Swift — The Company charges each of these companies for transportation services.

•Freight Services Received by Knight-Swift — Transportation services received from Central Freight represent less-than-truckload freight services rendered to haul parts and equipment to Company shop locations.

•Other Services Provided by Knight-Swift — Other services provided by the Company to the identified related parties include equipment sales and miscellaneous services.

•Other Services Received by Knight-Swift — Consulting fees, diesel particulate filter cleaning, sales of various parts and tractor accessories, and certain third-party payroll and employee benefits administration services from the identified related parties are included in other services received by the Company.

During the quarter ended September 30, 2020, the ownership percentage of Jerry Moyes and related affiliates fell below the threshold requiring related party disclosure. The amounts included in this Note 24 pertain to transactions that occurred prior to the date that the ownership percentage changed.

Receivables and payables pertaining to related party transactions were:


	December 31,
	2020				2019
	Receivable		Payable		Receivable		Payable
	(In thousands)
Central Freight Lines	$	133	$	—	$	2,872	$	—
SME Industries	—		—		17		—
DPF Mobile	—		41		—		2
Other Affiliates	2		10		—		—
Total	$	135	$	51	$	2,889	$	2

Land Purchase — In November 2018, the Company purchased land in Perris, California for $7.7 million from former Board member Jerry Moyes.

Share Repurchase — On December 27, 2018, the Company purchased 1,173,680 shares of the Company’s common stock from an entity controlled by Jerry Moyes, a former Board member of the Company. The shares were purchased for an aggregate purchase price of $29.3 million, or $24.98 per share. The per share purchase price represents a three cent per share discount from the closing price of the Company’s common stock on December 26, 2018. The Company purchased the shares under the 2018 Knight-Swift Share Repurchase Plan.