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Consolidated Statements of Income and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 29, 2014
Jun. 30, 2013
Jul. 01, 2012
NET SALES $ 348,419 $ 298,179 $ 279,234
Cost of goods sold 282,621 244,313 228,971
GROSS PROFIT 65,798 53,866 50,263
Engineering, selling, and administrative expenses 39,274 34,934 33,920
Loss on settlement of pension obligation   2,144  
INCOME FROM OPERATIONS 26,524 16,788 16,343
Interest income 106 21 69
Equity income (loss) of joint ventures 957 (225) (1,071)
Interest expense (45) (34) (81)
Other income, net 272 329 582
INCOME BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST 27,814 16,879 15,842
Provision for income taxes 8,674 5,366 3,589
NET INCOME 19,140 11,513 12,253
Net income attributable to non-controlling interest 2,716 2,138 3,460
NET INCOME ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION 16,424 9,375 8,793
COMPREHENSIVE INCOME (LOSS):      
NET INCOME 19,140 11,513 12,253
Currency translation adjustments (140) 736 (2,080)
Pension and postretirement plan funded status adjustment, net of tax 2,157 12,818 (11,990)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 2,017 13,554 (14,070)
COMPREHENSIVE INCOME (LOSS) 21,157 25,067 (1,817)
Comprehensive income attributable to non-controlling interest 2,719 2,147 3,397
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION $ 18,438 $ 22,920 $ (5,214)
EARNINGS PER SHARE ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION:      
Basic $ 4.70 $ 2.77 $ 2.66
Diluted $ 4.59 $ 2.72 $ 2.64
AVERAGE SHARES OUTSTANDING:      
Basic 3,428 3,327 3,300
Diluted 3,513 3,379 3,330