Related Party Transactions
|6 Months Ended|
Jun. 29, 2019
|Related Party Transactions [Abstract]|
|Related Party Transactions||
The Company has recorded aggregate management fee charges and expenses from CCMP Capital Advisors, LLC (“CCMP”), Oak Hill Capital Partners III, L.P., Oak Hill Capital Management Partners III, L.P. and OHCP III HC RO, L.P. (collectively, “Oak Hill Funds”) of $125 and $256 for the thirteen and twenty-six weeks ended June 29, 2019, respectively, and $134 and $262 for the thirteen and twenty-six weeks ended June 30, 2018, respectively.
Gregory Mann and Gabrielle Mann are employed by Hillman. The Company leases an industrial warehouse and office facility from companies under the control of the Manns. The rental expense for the lease of this facility was $88 and $175 for the thirteen and twenty-six weeks ended June 29, 2019, respectively, and $88 and $175 for the thirteen and twenty-six weeks ended June 30, 2018, respectively.
The Hillman Group Canada ULC, a subsidiary of Hillman, entered into three leases for five properties containing an industrial warehouse, manufacturing plant, and office facilities on February 19, 2013. The owners of the properties under one lease are relatives of Richard Paulin, who was employed by The Hillman Group Canada ULC until his retirement effective April 30, 2017, 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 rental expense incurred for these leases was $161 and $323 for the thirteen and twenty-six weeks ended June 29, 2019, respectively, and $167 and $337 for the thirteen and twenty-six weeks ended June 30, 2018, respectively.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef