XML 94 R35.htm IDEA: XBRL DOCUMENT v3.19.3
Related Party Transactions (Tables)
9 Months Ended
Aug. 31, 2019
Related Party Transactions [Abstract]  
Schedule of Beneficial Ownership of Company's Common Stock by Related Party

As noted above, MiTAC Holdings and its affiliates in the aggregate beneficially owned approximately 18% of the Company’s outstanding common stock as of August 31, 2019. These shares are owned by the following entities:  

 

 

 

 

 

As of August 31, 2019

 

MiTAC Holdings(1)

 

 

5,240

 

Synnex Technology International Corp.(2)

 

 

3,860

 

Total

 

 

9,100

 

 

 

 

(1

)

 

Shares are held via Silver Star Developments Ltd., a wholly-owned subsidiary of MiTAC Holdings. Excludes 366 shares held directly by Mr. Miau, 217 shares indirectly held by Mr. Miau through a charitable remainder trust, and 9 shares held by his spouse.

 

(2

)

 

Synnex Technology International Corp. (“Synnex Technology International”) is a separate entity from the Company and is a publicly-traded corporation in Taiwan. Shares are held via Peer Development Ltd., a wholly-owned subsidiary of Synnex Technology International. MiTAC Holdings owns a noncontrolling interest of 8.7% in MiTAC Incorporated, a privately-held Taiwanese company, which in turn holds a noncontrolling interest of 14.4% in Synnex Technology International. Neither MiTAC Holdings nor Mr. Miau is affiliated with any person(s), entity, or entities that hold a majority interest in MiTAC Incorporated.

Schedule of Related Party Transactions

The following table presents the Company's transactions with MiTAC Holdings and its affiliates for the periods indicated:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

August 31, 2019

 

 

August 31, 2018

 

 

August 31, 2019

 

 

August 31, 2018

 

Purchases of inventories

 

$

41,989

 

 

$

62,722

 

 

$

120,093

 

 

$

164,789

 

Sale of products to MiTAC Holdings and affiliates

 

 

142

 

 

 

1,430

 

 

 

546

 

 

 

2,291

 

Reimbursements received for rent and overhead costs for use of facilities by MiTAC Holdings and affiliates

 

 

 

 

 

 

 

 

 

 

 

71

 

The following table presents the Company’s receivable from and payable to MiTAC Holdings and its affiliates for the periods presented:

 

 

 

August 31, 2019

 

 

November 30, 2018

 

Receivable from related parties (included in Accounts receivable, net)

 

$

330

 

 

$

65

 

Payable to related parties (included in Accounts payable)

 

 

17,176

 

 

 

22,905