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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2016
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

13. RELATED PARTY TRANSACTIONS

 

A director of the Company is a partner in a  law firm engaged to represent the Company in various legal matters including the lawsuit filed by the Company related to the sand and gravel lease discussed in Note 2. For the year ending December 31, 2016 the Company has paid the director’s firm $522,000 for services rendered. During fiscal 2015 the same director’s firm was paid $494,000.

 

The corporate office leases space in Chicago, Illinois that is shared with three organizations related to the Company’s principal shareholders. Each of the organizations pays its pro-rata share of rent and other expenses based on a square footage allocation. See Note 9 for additional discussion. Furthermore, the Company purchases insurance coverage for workers’ compensation, general and umbrella liability together with another company controlled by the Company’s principal shareholders to minimize insurance costs. Allocation of the expense of the program is either provided by the underwriter or based upon a formula that considers, among other things, sales levels, loss exposure and claim experience. Claims under the self-insured portion of the policies are charged directly to the incurring party. Amounts receivable from these organizations at December 31, 2016 and January 2, 2016 were $213,000 and $89,000, respectively.