Related Party Transactions

12 Months Ended

Dec. 29, 2012

Related Party Transactions

Note 19 — Related Party Transactions

David H. Murdock, Dole’s Chairman and Chief Executive Officer, owns, inter alia, Castle and Cooke, Inc. (“Castle”), a transportation equipment leasing company and a hotel. During the years ended December 29, 2012, December 31, 2011 and January 1, 2011, Dole paid Mr. Murdock’s companies an aggregate of approximately $6.6 million, $8.7 million and $9 million, respectively, primarily for the rental of truck chassis, generator sets and warehousing services. Castle purchased approximately $0.5 million, $0.5 million and $0.6 million of products from Dole during the years ended December 29, 2012, December 31, 2011 and January 1, 2011, respectively.

During the fourth quarter of 2008, Dole and North Carolina State University executed a twenty-year sublease agreement pursuant to which Dole’s research center occupies eleven thousand gross square feet of office and laboratory in Kannapolis, North Carolina. Castle is the owner of the property. The rent expense paid to North Carolina State University was $0.7 million, $0.7 million and $0.6 million for the years ended December 29, 2012, December 31, 2011 and January 1, 2011, respectively.

Dole and Castle are responsible for 68% and 32%, respectively, of all obligations under an aircraft lease arrangement. Prior to fiscal 2009, each party was responsible for the direct costs associated with its use of this aircraft, and all other indirect costs were shared proportionately. Effective at the beginning of fiscal 2009, the indirect costs are shared based upon each party’s actual percentage of usage for the year. During the years ended December 29, 2012, December 31, 2011 and January 1, 2011, Dole’s share of the direct and indirect costs for this aircraft was $2.0 million, $2.1 million and $2.3 million, respectively.

Dole had a number of other transactions with Castle and other entities owned by Mr. Murdock, on an arms-length basis, none of which, individually or in the aggregate, were material. At December 29, 2012 and December 31, 2011, Dole had due from Castle outstanding net accounts receivable of $0.7 million and $0.4 million, respectively. At January 2, 2010, Dole had due from Castle outstanding net accounts receivable of less than $0.1 million and a note receivable of $9.8 million. During 2010, Dole collected $5.7 million which, represented its share of the note receivable. The remaining $4.1 million note receivable was ultimately disbursed during 2010 as a non-cash distribution.