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Credit Facilities and Guarantees (Tables)
6 Months Ended
Jan. 01, 2017
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings Under the Credit Facilities

Outstanding borrowings under the credit facilities were as follows (in thousands): 

 

 

 

January 1,

2017

 

 

July 3,

2016

 

STRATTEC Credit Facility

 

$

9,000

 

 

$

11,500

 

ADAC-STRATTEC Credit Facility

 

$

11,000

 

 

$

8,500

 

 

Schedule of Average Outstanding Borrowings and the Weighted Average Interest Rate

Average outstanding borrowings and the weighted average interest rate under each credit facility referenced above were as follows for each period presented (in thousands):

 

 

 

Six Months Ended

 

 

 

Average Outstanding Borrowings

 

 

Weighted Average Interest Rate

 

 

 

January 1,

2017

 

 

December 27,

2015

 

 

January 1,

2017

 

 

December 27,

2015

 

STRATTEC Credit Facility

 

$

13,673

 

 

$

3,646

 

 

 

1.5

%

 

 

1.2

%

ADAC-STRATTEC Credit Facility

 

$

8,703

 

 

$

3,054

 

 

 

1.6

%

 

 

1.3

%