XML 51 R41.htm IDEA: XBRL DOCUMENT v3.4.0.3
Equity (Loss) Earnings of Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 27, 2016
Mar. 29, 2015
Mar. 27, 2016
Mar. 29, 2015
Summarized statements of operations        
Equity earnings (loss) of joint ventures $ (171) $ (207) $ (486) $ (138)
VAST LLC        
Summarized statements of operations        
Net Sales 28,001 30,025 85,751 96,686
Cost of Goods Sold 23,125 25,498 70,536 82,050
Gross Profit 4,876 4,527 15,215 14,636
Engineering, Selling and Administrative Expenses 3,991 3,686 12,107 12,474
Income (Loss) From Operations 885 841 3,108 2,162
Other (Expense) Income, net (104) 170 (566) 826
Income before Provision for Income taxes 781 1,011 2,542 2,988
Provision for Income Taxes 109 94 420 529
Net Income (Loss) 672 917 2,122 2,459
STRATTEC’s Share of VAST LLC Net Income 224 306 707 820
Intercompany Profit Elimination (13) (5) (18) (1)
Equity earnings (loss) of joint ventures 211 301 689 819
SAL, LLC        
Summarized statements of operations        
Net Sales 381   506  
Cost of Goods Sold 206   301  
Gross Profit 175   205  
Engineering, Selling and Administrative Expenses 352 277 956 1,157
Income (Loss) From Operations (177) (277) (751) (1,157)
Other (Expense) Income, net (9) (1) (27) (1)
Net Income (Loss) (186) (278) (778) (1,158)
STRATTEC’s Share of Equity Loss of SAL LLC (186) (141) (778) (590)
Loss on Loan to SAL LLC     (150)  
Loss on SAL LLC Credit Facility Guarantee (196) (367) (247) (367)
Equity earnings (loss) of joint ventures $ (382) $ (508) $ (1,175) $ (957)