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Credit Facilities (Tables)
12 Months Ended
Jul. 02, 2017
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings Under the Credit Facilities

Outstanding borrowings under the credit facilities referenced in the above paragraph as of the end of 2017 and 2016 were as follows (thousands of dollars):

 

 

 

July 2, 2017

 

 

July 3, 2016

 

STRATTEC Credit Facility

 

$

16,000

 

 

$

11,500

 

ADAC-STRATTEC Credit Facility

 

$

14,000

 

 

$

8,500

 

 

Schedule of Average Outstanding Borrowings and the Weighted Average Interest Rate

Average outstanding borrowings and the weighted average interest rate under each such credit facility during 2017 and 2016 were as follows (thousands of dollars):

 

 

 

Average Outstanding

Borrowings

 

 

Weighted Average

Interest Rate

 

 

 

Years Ended

 

 

Years Ended

 

 

 

July 2, 2017

 

 

July 3, 2016

 

 

July 2, 2017

 

 

July 3, 2016

 

STRATTEC Credit Facility

 

$

12,490

 

 

$

7,608

 

 

 

1.8

%

 

 

1.5

%

ADAC-STRATTEC Credit Facility

 

$

10,865

 

 

$

4,443

 

 

 

1.8

%

 

 

1.3

%