Equity Earnings (Loss) of Joint Ventures (Tables)

3 Months Ended

Sep. 28, 2014

VAST LLC

Summarized Statements of Operations

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

	Three Months Ended
	September 28, 2014			September 29, 2013
Net Sales	$	30,998		$	24,529
Cost of Goods Sold		26,083			20,415
Gross Profit		4,915			4,114
Engineering, Selling and Administrative Expenses		4,198			3,490
Income From Operations		717			624
Other Income (Expense), net		473			(2	)
Income before Provision for Income taxes		1,190			622
Provision for (Benefit from) Income Taxes		59			(454	)
Net Income	$	1,131		$	1,076
STRATTEC’s Share of VAST LLC Net Income	$	377		$	359
Intercompany Profit Elimination		(1	)		(6	)
STRATTEC’s Equity Earnings of VAST LLC	$	376		$	353

Summarize of Related Party Transaction

We have sales of component parts to VAST LLC and NextLock LLC, purchases of component parts from VAST LLC, expenses charged to VAST LLC for engineering and accounting services and expenses charged to us from VAST LLC for general headquarters expenses.  The following tables summarize the related party transactions with VAST LLC (thousands of dollars):

	Three Months Ended
	September 28, 2014		September 29, 2013
Sales to VAST LLC	$	114	$	40
Sales to NextLock LLC	$	5	$	-
Purchases from VAST LLC	$	39	$	115
Expenses Charged to VAST LLC	$	159	$	240
Expenses Charged from VAST LLC	$	483	$	282

NextLock LLC

Summarized Statements of Operations

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

	Three Months Ended
	September 28, 2014			September 29, 2013
Engineering, Selling and Administrative Expenses	$	364		$	116
Loss From Operations		(364	)		(116	)
Net Loss	$	(364	)	$	(116	)
STRATTEC’s Equity Loss of NextLock LLC	$	(186	)	$	(59	)