Related Party Transactions |
12 Months Ended |
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Dec. 31, 2016 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions |
The Successor has recorded aggregate management fee charges and expenses from the Oak Hill Funds and CCMP of $550 for the year ended December 31, 2016, $630 for the year ended December 31, 2015, and $276 for the six month period ended December 31, 2014. The Predecessor recorded aggregate management fee charges and expenses from the Oak Hill Funds of $15 for the six month period ended June 29, 2014.
The Company recorded proceeds from the sale of Holdco stock to members of management and the Board of Directors of $500 for the year ended December 31, 2016, $400 for the year ended December 31, 2015 and $1,000 for the six months ended December 31, 2014. The Company recorded the purchase of Holdco stock from a former member of management of $540 for the year ended December 31, 2015.
Gregory Mann and Gabrielle Mann are employed by Hillman. Hillman leases an industrial warehouse and office facility from companies under the control of the Manns. The Company has recorded rental expense for the lease of this facility on an arm's length basis. The Successor's rental expense for the lease of this facility was $343 for the year ended December 31, 2016, and $311 for the year ended December 31, 2015. In the six month period ended December 31, 2014 the Successor's rental expense for the lease of this facility was $146. In the six month period ended June 29, 2014 the Predecessor's rental expense for the lease of this facility was $165.
The Company entered into three leases for five properties containing industrial warehouse, manufacturing plant, and office facilities. The owners of the properties under one lease are relatives of Richard Paulin, who is employed by The Hillman Group Canada ULC, and the owner of the properties under the other two leases is a company which is owned by Richard Paulin and certain of his relatives. The Company has recorded rental expense for the three leases on an arm's length basis. The Successor's rental expense for these facilities was $621 for the year ended December 31, 2016, and $645 for the year ended December 31, 2015. In the six month period ended December 31, 2014 the Successor's rental expense for these facilities was $371. In the six month period ended June 29, 2014 the Predecessor's rental expense for these facilities was $376.
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