XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 29, 2013
Dec. 30, 2012
Dec. 29, 2013
Dec. 30, 2012
Net sales $ 81,484 $ 72,243 $ 161,079 $ 143,050
Cost of goods sold 65,541 59,936 130,621 117,030
Gross profit 15,943 12,307 30,458 26,020
Engineering, selling and administrative expenses 9,250 8,481 18,720 17,601
Income from operations 6,693 3,826 11,738 8,419
Interest income 21 10 27 13
Equity earnings (loss) of joint ventures 297 (99) 591 (111)
Interest expense (15) (10) (29) (15)
Other (expense) income, net (54) 187 225 169
Income before provision for income taxes 6,942 3,914 12,552 8,475
Provision for income taxes 2,261 1,074 4,017 2,320
Net income 4,681 2,840 8,535 6,155
Net income attributable to non-controlling interest 808 446 1,451 1,091
Net income attributable to STRATTEC SECURITY CORPORATION 3,873 2,394 7,084 5,064
Comprehensive Income:        
Net income 4,681 2,840 8,535 6,155
Retirement and postretirement plans, net of tax 434   869  
Foreign currency translation adjustments 197 (46) (139) 686
Other comprehensive income (loss), net of tax 631 (46) 730 686
Comprehensive income 5,312 2,794 9,265 6,841
Comprehensive income attributable to non-controlling interest 817 437 1,440 1,107
Comprehensive income attributable to STRATTEC SECURITY CORPORATION $ 4,495 $ 2,357 $ 7,825 $ 5,734
Earnings per share:        
Basic $ 1.11 $ 0.71 $ 2.05 $ 1.50
Diluted $ 1.09 $ 0.70 $ 2.00 $ 1.48
Average shares outstanding:        
Basic 3,413 3,317 3,397 3,313
Diluted 3,487 3,353 3,473 3,346
Cash dividends declared per share $ 0.11 $ 0.30 $ 0.22 $ 0.40