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Transactions with Related Parties

12 Months Ended

Jun. 25, 2020

Related Party Transactions [Abstract]

Transactions with Related Parties

NOTE 16 — TRANSACTIONS WITH RELATED PARTIES

In addition to the related party transactions described in Note 7, we also purchased materials from a company that until July 2017 was owned by three members of our Board of Directors, two of whom are also executive officers, and individuals directly related to them. Purchases from this related party aggregated to the following for the years ending:

		Year ended June 25, 2020				Year ended June 27, 2019				Year ended June 28, 2018
Purchases from related party		$	—			$	—			$	360

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- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745

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