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Related Party Transactions | 12 Months Ended
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Jun. 27, 2021
Related Party Transactions [Abstract] |
Related Party Transactions | 23. Related Party Transactions There were no related party receivables as of June 27, 2021 and June 28, 2020. Mr. Kenneth G. Langone, a member of the Board, is a director, shareholder and non-executive Chairman of the Board of Salem Holding Company. UNIFI leases tractors and trailers from Salem Leasing Corporation, a wholly owned subsidiary of Salem Holding Company. In addition to the monthly lease payments, UNIFI also incurs expenses for routine repair and maintenance, fuel and other expenses. These leases do not contain renewal options, purchase options or escalation clauses with respect to the minimum lease charges. Related party payables for Salem Leasing Corporation consist of the following:
|  | June 27, 2021 |  |  | June 28, 2020 |
Accounts payable |  | $ | 469 |  |  | $ | 616 |
Operating lease obligations |  |  | 1,133 |  |  |  | 1,481 |
Finance lease obligations |  |  | 6,149 |  |  |  | 6,509 |
Total related party payables |  | $ | 7,751 |  |  | $ | 8,606 |
The following are the Company’s significant related party transactions for the current or prior two fiscal years and consist of the matters in the table below and the following paragraphs:
|  |  |  | For the Fiscal Year Ended |
Affiliated Entity |  | Transaction Type |  | June 27, 2021 |  |  | June 28, 2020 |  |  | June 30, 2019 |
Salem Leasing Corporation |  | Payments for transportation equipment costs and finance lease debt service |  | $ | 4,122 |  |  | $ | 3,798 |  |  | $ | 4,102 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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