XML 1057 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jun. 29, 2014
Income Statement [Abstract]      
NET SALES $ 401,419 $ 411,475 $ 348,419
Cost of goods sold 336,594 338,815 282,621
GROSS PROFIT 64,825 72,660 65,798
Engineering, selling, and administrative expenses 43,917 41,534 39,274
INCOME FROM OPERATIONS 20,908 31,126 26,524
Interest income 25 185 106
Equity (loss) earnings of joint ventures (2,235) (788) 957
Interest expense (176) (71) (45)
Other income, net 668 3,481 272
INCOME BEFORE PROVISION FOR INCOME TAXES AND NON- CONTROLLING INTEREST 19,190 33,933 27,814
Provision for income taxes 5,068 9,382 8,674
NET INCOME 14,122 24,551 19,140
Net income attributable to non-controlling interest 4,973 3,897 2,716
NET INCOME ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION 9,149 20,654 16,424
COMPREHENSIVE INCOME:      
NET INCOME 14,122 24,551 19,140
Currency translation adjustments (5,248) (5,133) (140)
Pension and postretirement plan funded status adjustment, net of tax (5,880) (1,851) 2,157
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME (11,128) (6,984) 2,017
COMPREHENSIVE INCOME 2,994 17,567 21,157
Comprehensive income attributable to non-controlling interest 4,659 3,574 2,719
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION $ (1,665) $ 13,993 $ 18,438
EARNINGS PER SHARE ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION:      
Basic $ 2.55 $ 5.80 $ 4.70
Diluted $ 2.51 $ 5.66 $ 4.59
AVERAGE SHARES OUTSTANDING:      
Basic 3,559 3,515 3,428
Diluted 3,621 3,604 3,513