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Note 25 - Related Party Transactions
 3 Months Ended
Sep. 23, 2012
Related Party Transactions Disclosure [Text Block]

25. Related Party Transactions


For a discussion of the nature of related party relationships see “Footnote 27. Related Party Transactions” included in the Company's Annual Report on Form 10-K for the fiscal year ended June 24, 2012.


Related party receivables and payables consist of the following:


 

September 23, 2012

June 24, 2012

Dillon Yarn Corporation

  $ —   $ 7

American Drawtech Company, Inc.

    40     104

Total related party receivables (included within receivables, net)

  $ 40   $ 111
                 

Dillon Yarn Corporation

  $ 263   $ 206

American Drawtech Company, Inc.

    —     20

Salem Leasing Corporation

    262     270

Total related party payables (included within accounts payable)

  $ 525   $ 496

Related party transactions consist of the following:


   

For the Three Months Ended

Affiliated Entity

Transaction Type

September 23, 2012

September 25, 2011

 

Dillon Yarn Corporation

Sales and Service Agreement

  $ 126   $ 250  

Dillon Yarn Corporation

Sales

    4     22  

Dillon Yarn Corporation

Yarn Purchases

    764     871  

American Drawtech Company, Inc.

Sales

    97     1,201  

American Drawtech Company, Inc.

Yarn Purchases

    43     22  

Salem Leasing Corporation

Transportation Equipment Costs

    786     753  

Cupron, Inc.

Sales

    2     96  

On August 30, 2012 the Company entered into an unsecured loan agreement with UNF for $1,250. The loan bears interest at 3% with interest payable semi-annually. The loan does not amortize and has a maturity date of August 30, 2014 at which time the entire principal balance is due.