Related-Party Transactions

12 Months Ended

Jan. 30, 2016

The Company leased its former corporate headquarters in fiscal 2015 from leasing companies owned by certain shareholders and directors, as described further in Note 7.

In December 2013, the Company purchased land and a building, that was previously leased, from Great Dane Realty, LLC, a company owned by Barbara Bradley Baekgaard. The Board of Directors, along with independent real estate appraisers, determined the purchase price of the property, which totaled $2.4 million. This building is adjacent to the distribution center in Roanoke, Indiana.

During fiscal year ended January 31, 2015 and February 1, 2014, the Company made charitable contributions of approximately $0.8 million and $1.0 million, respectively, to the Vera Bradley Foundation for Breast Cancer (the “Foundation”). The Foundation was founded by two of the Company’s directors, who are also on the board of directors of the Foundation. The liability associated with commitments to the Foundation was approximately $0.4 million and $0.1 million as of January 30, 2016 and January 31, 2015, respectively. For fiscal 2016, the liability consisted of pass-through donations. This liability is included in other accrued liabilities in the Consolidated Balance Sheets.

The associated expense for contributions to the Foundation, which is included in selling, general, and administrative expenses, was as follows (in thousands):



Fiscal year ended January 30, 2016	$	—
Fiscal year ended January 31, 2015	750
Fiscal year ended February 1, 2014	982

- Definition

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.

+ References + Details