Related Party Transactions |
9 Months Ended |
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Sep. 28, 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 $140 and $396 for the thirteen and thirty-nine weeks ended September 28, 2019, respectively, and $134 and $396 for the thirteen and thirty-nine weeks ended September 29, 2018, respectively.
The Company recorded proceeds from the sale of Holdco stock to members of management and the Board of Directors of $750 for the thirty-nine weeks ended September 28, 2019. There were no sales the thirty-nine weeks ended September 29, 2018.
In the thirty-nine weeks ended September 29, 2018, the Company paid a dividend of approximately $3,780 to Holdco for the purchase of 4,200 shares of Holdco stock from former members of management. No such dividends were paid in the thirty-nine weeks ended September 28, 2019.
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 $87 and $262 for
the thirteen and thirty-nine weeks ended September 28, 2019, respectively, and $87 and $262 for the thirteen and thirty-nine weeks ended September 29, 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 $163 and $486 for the thirteen and thirty-nine weeks ended September 28, 2019, respectively, and $164 and $501 for the thirteen and thirty-nine weeks ended September 29, 2018, respectively.
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