Related Party Transactions |
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| Related Party Transactions | Related Party Transactions We had the following transactions with related parties as of and during the three months ended March 31, 2018: CapitalG LP On June 29, 2016, we issued Series A Preferred Stock to CapitalG LP, as described in Note 9. As a result of this transaction, Alphabet Inc., the ultimate parent of CapitalG LP (“CapitalG”), and all related affiliates of Alphabet Inc. are considered to be related parties. We had the following transactions with Alphabet Inc. and its affiliates during the three months ended March 31, 2018 and April 1, 2017 (in thousands):
We had the following transactions with Alphabet Inc. and its affiliates as of March 31, 2018 and December 30, 2017 (in thousands):
West of Everything, the successor of West Studios, LLC In fiscal 2016, we entered into a professional services agreement with West of Everything, the successor of West Studios, LLC (“West”). We consider West to be a related party because one of our board members is acting as a Managing Director of the entity. Under the terms of the agreement, we incurred an aggregate of $1.4 million in service fees between the fourth quarter of fiscal 2016 and the second quarter of fiscal 2017, prior to terminating the agreement in the second quarter of fiscal 2017. During the six months ended July 1, 2017, we incurred $1.2 million of selling and marketing expenses related to our West relationship, of which $0.6 million was incurred in the three months ended April 1, 2017. |
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