Credit Facilities (Tables)

6 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowings Under the Credit Facilities

Outstanding borrowings under the credit facilities were as follows (in thousands):

	December 31, 2023		July 2, 2023
STRATTEC Credit Facility	$	—	$	—
ADAC-STRATTEC Credit Facility		13,000		13,000
	$	13,000	$	13,000

Schedule of Average Outstanding Borrowings and the Weighted Average Interest Rate

Average outstanding borrowings and the weighted average interest rate under each credit facility referenced above were as follows for each period presented (in thousands):

	Six Months Ended
	Average Outstanding Borrowings				Weighted Average Interest Rate
	December 31, 2023		January 1, 2023		December 31, 2023			January 1, 2023
STRATTEC Credit Facility	$	66	$	3,121		8.5	%		4.4	%
ADAC-STRATTEC Credit Facility	$	13,000	$	11,852		6.7	%		4.3	%