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Related Party Transactions
12 Months Ended
Nov. 06, 2021
Related Party Transactions [Abstract]  
Related Party Transactions
NOTE 4 Related Party Transactions
Affiliated Entities
TLT, Inc. –
Our President and Chairman of the Board of Directors (“President”) and the Executive Vice President each own 50% of the stock of TLT, Inc. TLT, Inc. is the general partner of limited partnerships which are developing manufactured housing communities in Central Florida (the “TLT Communities”). Our President owns between a 24.75% and a 56% direct and indirect interest in each of these limited partnerships. Our Executive Vice President owns between a 23.0% and a 57.75% direct and indirect interest in each of these limited partnerships. The TLT Communities have purchased manufactured homes exclusively from the Company since 1990. Sales to TLT Communities were not significant during fiscal years 2021 and 2020.
Repurchase of Common Stock
– In July 2021, the Company repurchased 100,000 shares of common stock from our President at $34.68 per share.