Equity Earnings of Joint Ventures (Tables) - VAST LLC

3 Months Ended

Sep. 29, 2019

Summarized Statements of Operations

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

	Three Months Ended
	September 29, 2019		September 30, 2018
Net Sales	$	42,567	$	40,056
Cost of Goods Sold		34,658		31,102
Gross Profit		7,909		8,954
Engineering, Selling and Administrative Expenses		6,681		6,150
Income From Operations		1,228		2,804
Other Income, net		860		397
Income before Provision for Income Taxes		2,088		3,201
Provision for Income Taxes		628		467
Net Income	$	1,460	$	2,734
STRATTEC’s Share of VAST LLC Net Income	$	487	$	911
Intercompany Profit Elimination		—		4
STRATTEC’s Equity Earnings of VAST LLC	$	487	$	915

Summarize of Related Party Transaction

The following table summarizes these related party transactions with VAST LLC for the periods indicated below (in thousands):

	Three Months Ended
	September 29, 2019		September 30, 2018
Sales to VAST LLC	$	891	$	498
Purchases from VAST LLC	$	97	$	42
Expenses Charged to VAST LLC	$	831	$	345
Expenses Charged from VAST LLC	$	226	$	207