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

3 Months Ended

Oct. 02, 2022

Summarized Statements of Operations

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

	Three Months Ended
	October 2, 2022		September 26, 2021
Net Sales	$	66,146	$	42,617
Cost of Goods Sold		55,782		34,892
Gross Profit		10,364		7,725
Engineering, Selling and Administrative Expenses		8,532		8,551
Income (Loss) From Operations		1,832		(826	)
Other Income, net		72		89
Income (Loss) before Provision for Income Taxes		1,904		(737	)
Provision for Income Taxes		368		21
Net Income (Loss)	$	1,536	$	(758	)
STRATTEC's Share of VAST LLC Net Income (Loss)		512		(253	)
Intercompany Profit Elimination		15		2
STRATTEC’s Equity Earnings (Loss) of VAST LLC	$	527	$	(251	)

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
	October 2, 2022		September 26, 2021
Sales to VAST LLC	$	10	$	515
Purchases from VAST LLC	$	14	$	132
Expenses Charged to VAST LLC	$	81	$	174
Expenses Charged from VAST LLC	$	243	$	253