XML 140 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jul. 01, 2012
Jul. 03, 2011
NET SALES $ 298,179 $ 279,234 $ 260,933
Cost of goods sold 244,313 228,971 218,770
GROSS PROFIT 53,866 50,263 42,163
Engineering, selling, and administrative expenses 34,934 33,920 33,443
Loss on settlement of pension obligation 2,144    
INCOME FROM OPERATIONS 16,788 16,343 8,720
Interest income 21 69 119
Equity (loss) income of joint ventures (225) (1,071) 1,246
Interest expense (34) (81) (175)
Other income, net 329 582 220
INCOME BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST 16,879 15,842 10,130
Provision for income taxes 5,366 3,589 2,540
NET INCOME 11,513 12,253 7,590
Net income attributable to non-controlling interest 2,138 3,460 2,172
NET INCOME ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION 9,375 8,793 5,418
COMPREHENSIVE INCOME (LOSS):      
NET INCOME 11,513 12,253 7,590
Change in cumulative translation adjustments 736 (2,080) 1,777
Pension and postretirement plan funded status adjustment, net of tax 12,818 (11,990) 8,450
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 13,554 (14,070) 10,227
COMPREHENSIVE INCOME (LOSS) 25,067 (1,817) 17,817
Comprehensive income attributable to non-controlling interest 2,147 3,397 2,208
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION $ 22,920 $ (5,214) $ 15,609
EARNINGS PER SHARE:      
Basic $ 2.77 $ 2.66 $ 1.65
Diluted $ 2.72 $ 2.64 $ 1.63
AVERAGE SHARES OUTSTANDING:      
Basic 3,327 3,300 3,285
Diluted 3,379 3,330 3,323