Related Party Transactions

9 Months Ended

Sep. 30, 2019

NOTE 13 - 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 7, Leases, for future minimum lease payments to be paid to these related parties.

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 September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Sales	$	3,736	$	3,259	$	9,658	$	9,361
Purchases		469		372		1,327		1,207
Rent		256		257		773		829

As of September 30, 2019 and December 31, 2018, we had related party balances of approximately $1.8 million and $2.3 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 $1.4 million and $1.2 million of these balances as of September 30, 2019 and December 31, 2018, respectively.