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Related Party Transactions
12 Months Ended
Sep. 30, 2013
Related Party Transactions  
Related Party Transactions

16. Related Party Transactions

 

The Company has ongoing relationships with related entities as noted:

 

3801 East Second Avenue, LLC:  The Company has one operating lease (see Note 13) for a store location with 3801 East Second Avenue LLC, an entity owned by the Margaret A. Isely Family Trust.  The trust is controlled by Kemper Isely, Zephyr Isely and Heather Isely, who act as its trustees.  Rent paid to 3801 East Second Avenue LLC was less than $0.1 million for each of the years ended September 30, 2013, 2012 and 2011.

 

Isely Family Land Trust LLC:  The Company has one operating lease (see Note 13) for a store location with the Isely Family Land Trust LLC (Land Trust). The Land Trust is owned by the Isely Children’s Trust and by the Margaret A. Isely Family Trust. Rent paid to the Land Trust was approximately $0.3 million for each of the years ended September 30, 2013, 2012 and 2011.

 

Chalet:  The Company has seven operating leases (see Note 13) with Chalet. Chalet is owned by four of the Company’s non-independent board members: Kemper Isely, Zephyr Isely, Heather Isely and Elizabeth Isely, and other related family members. Rent paid to Chalet was approximately $1.3 million, $1.5 million and $1.2 million for the years ended September 30, 2013, 2012 and 2011, respectively.