XML 73 R58.htm IDEA: XBRL DOCUMENT v3.21.2
Equity Earnings (Loss) of Joint Ventures - Summarized Statements of Operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Summarized statements of operations    
Net sales $ 485,295 $ 385,300
Cost of goods sold 406,637 349,854
GROSS PROFIT 78,658 35,446
Engineering, selling and administrative expense 44,743 44,108
INCOME (LOSS) FROM OPERATIONS 33,915 (8,662)
Other income, net (1,165) 1,668
INCOME (LOSS) BEFORE BENEFIT FOR INCOME TAXES AND NON- CONTROLLING INTEREST 35,008 (8,123)
Provision for income taxes 5,111 (2,266)
NET INCOME (LOSS) 29,897 (5,857)
STRATTEC’s equity earnings (loss) of VAST LLC 2,560 (209)
VAST LLC | Equity Method Investment Summarized Financial Information    
Summarized statements of operations    
Net sales 210,149 153,006
Cost of goods sold 171,930 125,012
GROSS PROFIT 38,219 27,994
Engineering, selling and administrative expense 30,605 28,812
Impairment charge   2,000
INCOME (LOSS) FROM OPERATIONS 7,614 (2,818)
Other income, net 1,681 1,556
INCOME (LOSS) BEFORE BENEFIT FOR INCOME TAXES AND NON- CONTROLLING INTEREST 9,295 (1,262)
Provision for income taxes 1,554 466
NET INCOME (LOSS) 7,741 (1,728)
STRATTEC's Share of VAST LLC Net (Loss) Income 2,580 (576)
Intercompany profit eliminations (20) 11
STRATTEC’s equity earnings (loss) of VAST LLC $ 2,560 $ (565)