Subsequent Event

9 Months Ended

Mar. 27, 2016

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

Effective April 27, 2016, the ADAC STRATTEC Credit Facility, as discussed under Credit Facilities and Guarantees herein, was amended to increase available borrowings under the facility from $10 million to $20 million. The amended credit facility expires August 1, 2019. Under the terms of the amended credit agreement, a capital contribution to ADAC-STRATTEC LLC of $6 million collectively from STRATTEC and ADAC is required to be completed by September 30, 2016. STRATTEC’s portion of the required capital contribution will be $3.06 million.