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Credit Facilities (Tables)
12 Months Ended
Jun. 28, 2020
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings Under the Credit Facilities

Outstanding borrowings under the credit facilities referenced in the above paragraph as of the end of 2020 and 2019 were as follows (thousands of dollars):

 

 

 

June 28, 2020

 

 

June 30, 2019

 

STRATTEC Credit Facility

 

$

18,000

 

 

$

18,000

 

ADAC-STRATTEC Credit Facility

 

 

17,000

 

 

 

24,000

 

 

 

$

35,000

 

 

$

42,000

 

Schedule of Average Outstanding Borrowings and the Weighted Average Interest Rate

Average outstanding borrowings and the weighted average interest rate under each such credit facility during 2020 and 2019 were as follows (thousands of dollars):

 

 

 

Average Outstanding

Borrowings

 

 

Weighted Average

Interest Rate

 

 

 

Years Ended

 

 

Years Ended

 

 

 

June 28, 2020

 

 

June 30, 2019

 

 

June 28, 2020

 

 

June 30, 2019

 

STRATTEC Credit Facility

 

$

13,827

 

 

$

21,212

 

 

 

2.6

%

 

 

3.3

%

ADAC-STRATTEC Credit Facility

 

$

19,121

 

 

$

25,901

 

 

 

2.9

%

 

 

3.4

%