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Credit Facilities (Tables)
3 Months Ended
Sep. 29, 2019
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings Under the Credit Facilities

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

 

 

 

September 29,

2019

 

 

June 30,

2019

 

STRATTEC Credit Facility

 

$

14,000

 

 

$

18,000

 

ADAC-STRATTEC Credit Facility

 

 

22,000

 

 

 

24,000

 

 

 

$

36,000

 

 

$

42,000

 

 

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):

 

 

 

Three Months Ended

 

 

 

Average Outstanding Borrowings

 

 

Weighted Average Interest Rate

  

 

September 29,

2019

 

 

September 30,

2018

 

 

September 29,

2019

 

September 30,

2018

STRATTEC Credit Facility

 

$

16,033

 

 

$

23,813

 

 

 

3.3

%

 

 

3.1

%

ADAC-STRATTEC Credit Facility

 

$

23,473

 

 

$

28,396

 

 

 

3.5

%

 

 

3.1

%