Equity Earnings of Joint Ventures (Tables) - VAST LLC

3 Months Ended

Sep. 27, 2020

Summarized Statements of Operations

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

	Three Months Ended
	September 27, 2020			September 29, 2019
Net Sales	$	50,411		$	42,567
Cost of Goods Sold		40,591			34,658
Gross Profit		9,820			7,909
Engineering, Selling and Administrative Expenses		6,603			6,681
Income From Operations		3,217			1,228
Other (Expense) Income, net		(149	)		860
Income before Provision for Income Taxes		3,068			2,088
Provision for Income Taxes		592			628
Net Income	$	2,476		$	1,460
STRATTEC’s Equity Earnings of VAST LLC	$	825		$	487

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 27, 2020		September 29, 2019
Sales to VAST LLC	$	1,216	$	891
Purchases from VAST LLC	$	187	$	97
Expenses Charged to VAST LLC	$	507	$	831
Expenses Charged from VAST LLC	$	292	$	226