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Related Party Transactions
12 Months Ended
Sep. 29, 2012
Related Party Transactions [Abstract]  
Related Party Transactions

17. Related Party Transactions

 

The Company will from time to time make short-term non-interest bearing loans to the Company’s Investment/Profit Sharing Plan to allow the plan to meet distribution obligations during a time when the plan was prohibited from selling shares of the Company’s Class A common stock. At September 29, 2012 no such loans were outstanding.

 

In fiscal 2012, the Company approved the purchase of certain real property and an aircraft used by the Company from the estate of Robert P. Ingle, former CEO and Director of the Company. The aggregate purchase price for the assets was $2.5 million, equal to the fair market value of the assets as determined by independent appraisal. The transactions were approved by the Company’s Executive Committee and Audit Committee in accordance with Company policy and regulatory guidelines.