Equity (Loss) Earnings of Joint Ventures (Tables) - VAST LLC

3 Months Ended

Sep. 26, 2021

Summarized Statements of Operations

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

	Three Months Ended
	September 26, 2021			September 27, 2020
Net Sales	$	42,617		$	50,411
Cost of Goods Sold		34,892			40,591
Gross Profit		7,725			9,820
Engineering, Selling and Administrative Expenses		8,551			6,603
(Loss) Income From Operations		(826	)		3,217
Other Income (Expense), net		89			(149	)
(Loss) Income before Provision for Income Taxes		(737	)		3,068
Provision for Income Taxes		21			592
Net (Loss) Income	$	(758	)	$	2,476
STRATTEC's Share of VAST LLC Net (Loss) Income		(253	)		825
Intercompany Profit Elimination		2			—
STRATTEC’s Equity (Loss) Earnings of VAST LLC	$	(251	)	$	825

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 26, 2021		September 27, 2020
Sales to VAST LLC	$	515	$	1,216
Purchases from VAST LLC	$	132	$	187
Expenses Charged to VAST LLC	$	174	$	507
Expenses Charged from VAST LLC	$	253	$	292