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Related Party Transactions
 6 Months Ended
Dec. 29, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

11. Related Party Transactions

 

Related party balances and transactions are not material to the condensed consolidated financial statements and, accordingly, are not presented separately from other financial statement captions.

There were no related party receivables as of December 29, 2024 and June 30, 2024.

Related party payables for Salem Leasing Corporation consisted of the following:

 

 

December 29, 2024

 

 

June 30, 2024

 

Accounts payable

 

$

372

 

 

$

464

 

Operating lease obligations

 

 

207

 

 

 

301

 

Finance lease obligations

 

 

1,706

 

 

 

2,374

 

Total related party payables

 

$

2,285

 

 

$

3,139

 

The following were the Company’s significant related party transactions:

 

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

Affiliated Entity

 

Transaction Type

 

December 29, 2024

 

 

December 31, 2023

 

 

December 29, 2024

 

 

December 31, 2023

 

Salem Leasing Corporation

 

Payments for transportation equipment costs and finance lease debt service

 

$

1,118

 

 

$

1,228

 

 

$

2,279

 

 

$

2,437

 

As discussed in Note 5, "Long-Term Debt", UNIFI entered into the 2024 Facility in October 2024. There were no borrowings on the 2024 Facility during the three-month period ended December 29, 2024.