v3.26.3
Related Party Transactions
3 Months Ended
Sep. 27, 2026
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 September 27, 2026 and June 28, 2026.

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

 

 

September 27, 2026

 

 

June 28, 2026

 

Accounts payable

 

$

523

 

 

$

358

 

Finance lease obligations

 

 

4,896

 

 

 

5,279

 

Total related party payables

 

$

5,419

 

 

$

5,637

 

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

 

 

 

 

For the Three Months Ended

 

Affiliated Entity

 

Transaction Type

 

September 27, 2026

 

 

September 28, 2025

 

Salem Leasing Corporation

 

Payments for transportation equipment costs and finance lease debt service

 

$

1,105

 

 

$

1,135

 

As discussed in Note 5, “Long-Term Debt,” UNIFI entered into the 2024 Facility in October 2024 which was collateralized by personal assets of a board member. As of September 27, 2026, $22,000 was outstanding on the 2024 Facility.