Equity Earnings (Loss) of Joint Ventures (Tables)

6 Months Ended

Dec. 29, 2013

VAST LLC

Summarized Statements of Operations

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

	Three Months Ended						Six Months Ended
	December 29, 2013			December 30, 2012				December 29, 2013			December 30, 2012
Net Sales	$	27,135		$	22,684			$	51,664		$	43,965
Cost of Goods Sold		22,943			18,662				43,358			35,903
Gross Profit		4,192			4,022				8,306			8,062
Engineering, Selling and Administrative Expenses		2,791			4,679				6,281			8,721
Income (Loss) From Operations		1,401			(657	)			2,025			(659	)
Other (Expense) Income, net		(19	)		259				(21	)		299
Income (Loss) before Provision for Income taxes		1,382			(398	)			2,004			(360	)
Provision for (benefit from) Income Taxes		219			(94	)			(235	)		(14	)
Net Income (Loss)	$	1,163		$	(304	)		$	2,239		$	(346	)
STRATTEC’s Share of VAST LLC Net Income (Loss)	$	387		$	(101	)			746		$	(115	)
Intercompany Profit Elimination		2			2				(4	)		4
STRATTEC’s Equity Earnings (Loss) of VAST LLC	$	389		$	(99	)		$	742		$	(111	)

NextLock LLC

Summarized Statements of Operations

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

	Three Months Ended					Six Months Ended
	December 29, 2013			December 30, 2012		December 29, 2013			December 30, 2012
Engineering, Selling and Administrative Expenses	$	181		$	-	$	297		$	-
Loss From Operations		(181	)		-		(297	)		-
Net Loss	$	(181	)	$	-	$	(297	)	$	-
STRATTEC’s Equity Loss of NextLock LLC	$	(92	)	$	-	$	(151	)	$	-