Equity Earnings (Loss) of Joint Ventures (Tables)

9 Months Ended

Mar. 31, 2024

Summarize of Related Party Transaction

The following table summarizes these related party transactions for the periods indicated below (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2024		April 2, 2023		March 31, 2024		April 2, 2023
Engineering, research and design fee charged to    ADAC-STRATTEC LLC	$	2,514	$	2,158	$	6,918	$	6,257
Sales to ADAC	$	2,460	$	3,119	$	7,315	$	8,440

VAST LLC

Summarized Statements of Operations

The following are summarized statements of operations for VAST LLC (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2024		April 2, 2023		March 31, 2024			April 2, 2023
Net sales	$	—	$	44,989	$	—		$	168,088
Cost of goods sold		—		36,471		—			138,222
Gross profit		—		8,518		—			29,866
Engineering, selling and administrative expenses		—		6,872		—			24,631
Income from operations		—		1,646		—			5,235
Other income, net		—		1,167		—			1,625
Income before provision for income taxes		—		2,813		—			6,860
Provision for income taxes		—		360		—			1,110
Net income	$	—	$	2,453	$	—		$	5,750
STRATTEC's share of VAST LLC net income		—		818		—			1,917
Intercompany profit elimination		—		1		—			17
STRATTEC’s equity earnings of VAST LLC      prior to impact of sale of VAST LLC		—		819		—			1,934
Loss on sale of VAST LLC		—		—		(269	)		—
STRATTEC’s equity earnings (loss) of VAST LLC	$	—	$	819	$	(269	)	$	1,934

Summarize of Related Party Transaction

The following table summarizes these related party transactions with VAST LLC for the periods indicated below (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2024		April 2, 2023		March 31, 2024		April 2, 2023
Sales to VAST LLC	$	—	$	6	$	—	$	33
Purchases from VAST LLC	$	—	$	12	$	—	$	39
Expenses charged to VAST LLC	$	—	$	59	$	—	$	301
Expenses charged from VAST LLC	$	—	$	191	$	—	$	643