XML 8 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Mar. 31, 2024
Apr. 02, 2023
Income Statement [Abstract]        
Net sales $ 140,773 $ 127,183 $ 394,711 $ 360,727
Cost of goods sold 126,089 117,182 347,810 330,843
Gross profit 14,684 10,001 46,901 29,884
Engineering, selling and administrative expenses 12,725 12,485 38,778 37,266
Income (loss) from operations 1,959 (2,484) 8,123 (7,382)
Equity earnings (loss) of joint ventures 0 819 (269) 1,934
Interest expense (222) (266) (661) (591)
Interest income 143 0 337 0
Other (expense) income, net (208) (1,223) 1,028 (1,464)
Income (loss) before provision for income taxes and non-controlling interest 1,672 (3,154) 8,558 (7,503)
Provision (benefit) for income taxes 546 133 2,197 (1,638)
Net income (loss) 1,126 (3,287) 6,361 (5,865)
Net loss attributable to non- controlling interest (380) (1,031) (332) (1,895)
Net income (loss) attributable to STRATTEC SECURITY CORPORATION 1,506 (2,256) 6,693 (3,970)
Comprehensive income (loss):        
Net income (loss) 1,126 (3,287) 6,361 (5,865)
Pension and postretirement plans, net of tax 46 350 139 490
Currency translation adjustments 1,043 3,451 1,408 3,198
Other comprehensive income, net of tax 1,089 3,801 1,547 3,688
Comprehensive income (loss) 2,215 514 7,908 (2,177)
Comprehensive income (loss) attributable to non-controlling interest 36 116 226 (223)
Comprehensive income (loss) attributable to STRATTEC SECURITY CORPORATION $ 2,179 $ 398 $ 7,682 $ (1,954)
Earnings (loss) per share attributable to STRATTEC SECURITY CORPORATION:        
Basic earnings (loss) per share attributable to STRATTEC SECURITY CORPORATION $ 0.38 $ (0.57) $ 1.69 $ (1.01)
Diluted earnings (loss) per share attributable to STRATTEC SECURITY CORPORATION $ 0.37 $ (0.57) $ 1.67 $ (1.01)
Weighted Average shares outstanding:        
Basic weighted average shares outstanding 3,988 3,928 3,971 3,918
Diluted weighted average outstanding shares 4,017 3,928 3,996 3,918