Equity Loss of Joint Ventures (Tables)

6 Months Ended

Dec. 30, 2012

Equity Loss of Joint Ventures [Abstract]

Summarized statements of operations

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

	Three Months Ended						Six Months Ended
	December 30,			January 1,			December 30,			January 1,
	2012			2012			2012			2012
Net Sales	$	22,684		$	17,009		$	43,965		$	38,412
Cost of Goods Sold		18,662			13,918			35,903			33,136
Gross Profit		4,022			3,091			8,062			5,276
Engineering, Selling and Administrative Expenses		4,679			3,874			8,721			6,623
Loss from Operations		(657	)		(783	)		(659	)		(1,347	)
Other Income, net		259			100			299			297
Loss Before Income
Tax Benefit		(398	)		(683	)		(360	)		(1,050	)
Income Tax Benefit		(94	)		(96	)		(14	)		(96	)
Net Loss	$	(304	)	$	(587	)	$	(346	)	$	(954	)
STRATTEC’s Share of VAST LLC
Net Loss	$	(101	)	$	(196	)	$	(115	)	$	(318	)
Intercompany Profit Eliminations		2			4			4			6
STRATTEC’s Equity Loss of Joint Ventures	$	(99	)	$	(192	)	$	(111	)	$	(312	)