Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2015

Transactions with Anheuser-Busch, LLC ("A-B")

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

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

	Three Months Ended March 31,
	2015		2014
Gross sales to A-B	$	35,666	$	38,452
Margin fee paid to A-B, classified as a reduction of Sales		538		600
Inventory management and other fees paid to A-B, classified in Cost of sales		90		93

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

	March 31, 2015			December 31, 2014
Amounts due from A-B related to beer sales pursuant to the A-B distributor agreement	$	9,240		$	7,846
Refundable deposits due to A-B		(2,516	)		(2,629	)
Amounts due to A-B for services rendered		(1,908	)		(1,821	)
Net amount due from A-B	$	4,816		$	3,396

Lease payments to lessors

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 March 31,
2015		2014
$	30	$	32

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 two five-year periods. Lease payments to this lessor were as follows (in thousands):

Three Months Ended March 31,
2015		2014
$	132		$	110

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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