Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.8.0.1
Related Party Transactions
12 Months Ended
Dec. 30, 2017
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

17.  RELATED PARTY TRANSACTIONS

Enovation Controls purchases and sells inventory to an entity partially owned by one of its officers. For the years ended December 30, 2017 and December 31, 2016, inventory sales to the entity totaled $2,507 and $214, respectively, and inventory purchases from the entity totaled $11,050 and $533, respectively.

In addition to these inventory transactions, Enovation Controls entered into a transition service agreement with the related party to provide, and receive, certain transition services for a period of up to one year for specified services. For the year ended December 30, 2017, sales, and related costs incurred, recognized by Enovation Controls under the agreement both totaled $1,757 and are included in miscellaneous expense, net in the Consolidated Statement of Operations.  For the year ended December 30, 2017, purchases from the related party under the agreement totaled $1,160.

At December 30, 2017 and December 31, 2016, total amounts due from the entity totaled $186 and $203, respectively, and total amounts due to the entity totaled $727 and $140, respectively.