ZBRA » Topics » Note 8 Related-Party Transactions

This excerpt taken from the ZBRA 10-K filed Feb 27, 2009.

Note 9 Related-Party Transactions

Prior to August 2007, Zebra leased a building from Unique Building Corporation (Unique), an entity controlled by certain officers and stockholders of Zebra. On August 1, 2007, the building was sold to an unrelated party. Lease payments made to Unique under the lease were recorded as a component of all functional areas and were included in the consolidated financial statements as follows (in thousands):

 

          Unique
Operating Lease
    
    

2007

      $    1,358       

2006

      2,336       
This excerpt taken from the ZBRA 10-K filed Mar 1, 2007.

Note 8 Related-Party Transactions

Unique Building Corporation (Unique), an entity controlled by certain officers and stockholders of Zebra, leases a facility to Zebra under a lease described in Note 16. Management believes that the lease payments are substantially consistent with amounts that could have been negotiated with third parties on an arm’s-length basis and represent market conditions at the time of the negotiations.

Lease payments related to the lease, and recorded as a component of all functional areas, were included in the consolidated financial statements as follows (in thousands):

 

Unique
Operating Lease

 

2006

 

$

2,336

 

2005

 

2,336

 

2004

 

2,284

 

 

F-22




Future minimum lease payments related to the lease as of December 31, 2006, are as follows (in thousands):

 

Unique
Operating Lease

 

2007

 

$

2,336

 

2008

 

2,380

 

2009

 

2,573

 

2010

 

2,753

 

2011

 

2,753

 

Thereafter

 

6,882

 

Total minimum lease payments

 

$

19,677

 

 

This excerpt taken from the ZBRA 10-K filed Feb 28, 2006.

Note 8 Related-Party Transactions

Unique Building Corporation (Unique), an entity controlled by certain officers and stockholders of Zebra, leases a facility to Zebra under a lease described in Note 16. Management believes that the lease payments are substantially consistent with amounts that could have been negotiated with third parties on an arm’s-length basis and represent market conditions at the time of the negotiations.

 

Lease payments related to the lease, and recorded as a component of all functional areas, were included in the consolidated financial statements as follows (in thousands):

 

 

 

Unique
Operating Lease

 

2005

 

$

2,336

 

2004

 

2,284

 

2003

 

2,198

 

 

Future minimum lease payments related to the lease as of December 31, 2005, are as follows (in thousands):

 

 

 

Unique
Operating Lease

 

2006

 

$

2,336

 

2007

 

2,336

 

2008

 

2,380

 

2009

 

2,573

 

2010

 

2,753

 

Thereafter

 

9,636

 

Total minimum lease payments

 

$

22,014

 

 

F-20



 

This excerpt taken from the ZBRA 10-K filed Mar 3, 2005.

Note 8 Related-Party Transactions

Unique Building Corporation (Unique), an entity controlled by certain officers and stockholders of Zebra, leases a facility to Zebra under a lease described in Note 16. Management believes that the lease payments are substantially consistent with amounts that could have been negotiated with third parties on an arm’s-length basis and represent market conditions at the time of the negotiations.

 

Lease payments related to the lease, and recorded as a component of all functional areas, were included in the consolidated financial statements as follows (in thousands):

 

 

 

Unique
Operating Lease

 

2004

 

$

2,284

 

2003

 

2,198

 

2002

 

2,085

 

 

Future minimum lease payments related to the lease as of December 31, 2004, are as follows (in thousands):

 

 

 

Unique
Operating Lease

 

2005

 

$

2,336

 

2006

 

2,336

 

2007

 

2,336

 

2008

 

2,380

 

2009

 

2,573

 

Thereafter

 

12,389

 

Total minimum lease payments

 

$

24,350

 

 

F-19



 

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