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Credit Facilities and Guarantees (Tables)
9 Months Ended
Apr. 01, 2018
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings Under the Credit Facilities

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

 

 

 

April 1,

2018

 

 

July 2,

2017

 

STRATTEC Credit Facility

 

$

23,000

 

 

$

16,000

 

ADAC-STRATTEC Credit Facility

 

$

25,000

 

 

$

14,000

 

 

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):

 

 

 

Nine Months Ended

 

 

 

Average Outstanding Borrowings

 

 

Weighted Average Interest Rate

 

 

 

April 1,

2018

 

 

April 2,

2017

 

 

April 1,

2018

 

 

April 2,

2017

 

STRATTEC Credit Facility

 

$

21,223

 

 

$

12,416

 

 

 

2.4

%

 

 

1.6

%

ADAC-STRATTEC Credit Facility

 

$

23,989

 

 

$

9,821

 

 

 

2.5

%

 

 

1.6

%