Related Party Transactions

6 Months Ended

Jun. 30, 2017

NOTE 11 – RELATED PARTY TRANSACTIONS

We sell installation services to other companies related to us through common or affiliated ownership and/or Board of Directors and/or management relationships. We also purchase services and materials and pay rent to companies with common or affiliated ownership.

We lease our headquarters and certain other facilities from related parties. See Note 12, Commitments and Contingencies, for future minimum lease payments to be paid to these related parties.

For the three and six months ended June 30, 2017 and 2016, the amount of sales to related parties as well as the purchases from and rent expense paid to related parties were as follows (in thousands):


	Three months ended				Six months ended
	June 30,				June 30,
	2017		2016		2017		2016
Sales	$	2,386	$	1,573	$	4,722	$	3,100
Purchases		308		153		599		256
Rent		289		154		585		309

As of June 30, 2017 and December 31, 2016, we had related party balances of approximately $1.7 million and $1.5 million, respectively, included in accounts receivable on our Condensed Consolidated Balance Sheets. These balances primarily represent trade accounts receivable arising during the normal course of business with various related parties. M/I Homes, Inc., a customer whose Chairman, President and Chief Executive Officer is a member of our Board of Directors, accounted for $0.9 million and $0.8 million of these balances as of June 30, 2017 and December 31, 2016, respectively.