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Equity Earnings of Joint Ventures (Tables)

6 Months Ended

Dec. 28, 2014

VAST LLC

Summarized Statements of Operations

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

		Three Months Ended							Six Months Ended
		December 28, 2014				December 29, 2013				December 28, 2014				December 29, 2013
Net Sales		$	35,663			$	27,135			$	66,661			$	51,664
Cost of Goods Sold			30,469				22,943				56,552				43,358
Gross Profit			5,194				4,192				10,109				8,306
Engineering, Selling and Administrative Expenses			4,590				2,791				8,788				6,281
Income From Operations			604				1,401				1,321				2,025
Other Income (Expense), net			183				(19	)			656				(21	)
Income before Provision for Income taxes			787				1,382				1,977				2,004
Provision for (Benefit from) Income Taxes			376				219				435				(235	)
Net Income		$	411			$	1,163			$	1,542			$	2,239
STRATTEC’s Share of VAST LLC Net Income		$	137			$	387				514			$	746
Intercompany Profit Elimination			5				2				4				(4	)
STRATTEC’s Equity Earnings of VAST LLC		$	142			$	389			$	518			$	742

NextLock LLC

Summarized Statements of Operations

The following are summarized statements of operations for NextLock LLC (thousands of dollars):

		Three Months Ended								Six Months Ended
		December 28, 2014				December 29, 2013				December 28, 2014				December 29, 2013
Engineering, Selling and Administrative Expenses		$	516			$	181			$	880			$	297
Loss From Operations			(516	)			(181	)			(880	)			(297	)
Net Loss		$	(516	)		$	(181	)		$	(880	)		$	(297	)
STRATTEC’s Equity Loss of NextLock LLC		$	(263	)		$	(92	)		$	(449	)		$	(151	)

VAST LLC and NextLock LLC

Summarize of Related Party Transaction

We have sales of component parts to VAST LLC and NextLock LLC, purchases of component parts from VAST LLC, expenses charged to VAST LLC for engineering and accounting services and expenses charged to us from VAST LLC for general headquarters expenses.  The following tables summarize these related party transactions with VAST LLC and NextLock LLC for the periods indicated below (thousands of dollars):

	Three Months Ended								Six Months Ended
	December 28, 2014				December 29, 2013				December 28, 2014				December 29, 2013
Sales to VAST LLC	$	657			$	55			$	771			$	95
Sales to NextLock LLC	$	27			$	-			$	32			$	-
Purchases from VAST LLC	$	41			$	43			$	80			$	158
Expenses Charged to VAST LLC	$	245			$	159			$	404			$	399
Expenses Charged from VAST LLC	$	457			$	303			$	940			$	585

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