Credit Facilities (Tables)

9 Months Ended

Mar. 27, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowings Under the Credit Facilities

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

	March 27, 2022		June 27, 2021
STRATTEC Credit Facility	$	—	$	—
ADAC-STRATTEC Credit Facility		12,000		12,000
	$	12,000	$	12,000

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): 

	Nine Months Ended
	Average Outstanding Borrowings				Weighted Average Interest Rate
	March 27, 2022		March 28, 2021		March 27, 2022			March 28, 2021
STRATTEC Credit Facility	$	421	$	11,436		1.9	%		1.2	%
ADAC-STRATTEC Credit Facility	$	14,784	$	15,000		1.4	%		1.4	%