Related Party Transactions

9 Months Ended

Sep. 30, 2015

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Transactions with Anheuser-Busch, LLC (“A-B”)

Transactions with A-B consisted of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Gross sales to A-B	$	47,943	$	45,905	$	135,890	$	136,155
Margin fee paid to A-B, classified as a reduction of Sales	693		670		1,978		2,031
Inventory management and other fees paid to A-B, classified in Cost of sales	102		116		294		296

Amounts due to or from A-B were as follows (in thousands):

	September 30, 2015			December 31, 2014
Amounts due from A-B related to beer sales pursuant to the A-B distributor agreement	$	12,960		$	7,846
Refundable deposits due to A-B	(2,429		)	(2,629		)
Amounts due to A-B for services rendered	(2,073		)	(1,821		)
Net amount due from A-B	$	8,458		$	3,396

Operating Leases

We lease our headquarters office space, restaurant and storage facilities located in Portland, Oregon, as well as the land and certain equipment, from two limited liability companies, both of whose members include our current Board Chair and a nonexecutive officer. Lease payments to these lessors were as follows (in thousands):

Three Months Ended September 30,				Nine Months Ended September 30,
2015		2014		2015		2014
$	30	$	31	$	90	$	95

We hold lease and sublease obligations for certain office space and the land underlying the brewery and pub location in Kailua-Kona, Hawaii, with a company whose owners include a shareholder who owns more than 5% of our common stock. The sublease contracts expire on various dates through 2020, with an extension at our option for twofive-year periods. Lease payments to this lessor were as follows (in thousands):

Three Months Ended September 30,				Nine Months Ended September 30,
2015		2014		2015		2014
$	131	$	120	$	392	$	351