Related-Party Transactions

9 Months Ended

Sep. 24, 2022

Related Party Transactions [Abstract]

Related-Party Transactions

14. Related-Party Transactions

We lease our Colmar, PA facility and a portion of our Lewisberry, PA facility from entities in which Steven L. Berman, our Executive Chairman, and certain of his family members are owners. Each lease is a non-cancelable operating lease. Total rental payments to those entities under these lease arrangements will be $2.4 million in fiscal 2022 and were $2.3 million in fiscal 2021. The lease for our corporate headquarters in Colmar, PA was renewed during November 2016, effective as of January 1, 2018, and will expire on December 31, 2022. The Company is currently in discussions with the landlord of the Colmar facility for an extension of the lease term. The lease for our Lewisberry, PA operating facility was signed in September 2020 and will expire on December 31, 2027.

We are a partner in a joint venture with one of our suppliers and own minority interest investments in two other suppliers. One of these investments is accounted for under the equity method and one is accounted for under the cost method.