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Related Party Transactions | 12 Months Ended
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Jul. 03, 2022
Related Party Transactions [Abstract] |
Related Party Transactions | 23. Related Party Transactions There were no related party receivables as of July 3, 2022 and June 27, 2021. 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:
|  | July 3, 2022 |  |  | June 27, 2021 |
Accounts payable |  | $ | 432 |  |  | $ | 469 |
Operating lease obligations |  |  | 811 |  |  |  | 1,133 |
Finance lease obligations |  |  | 4,933 |  |  |  | 6,149 |
Total related party payables |  | $ | 6,176 |  |  | $ | 7,751 |
The following are the Company’s significant related party transactions for the current and prior two fiscal years and consist of the matters in the table below:
|  |  |  | For the Fiscal Year Ended |
Affiliated Entity |  | Transaction Type |  | July 3, 2022 |  |  | June 27, 2021 |  |  | June 28, 2020 |
Salem Leasing Corporation |  | Payments for transportation equipment costs and finance lease debt service |  | $ | 4,343 |  |  | $ | 4,122 |  |  | $ | 3,798 |

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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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