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Credit Facilities (Tables) | 3 Months Ended
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Sep. 27, 2020
Debt Disclosure [Abstract] |
Schedule of Outstanding Borrowings Under the Credit Facilities | Outstanding borrowings under the credit facilities were as follows (in thousands):
|  | September 27, 2020 |  |  | June 28, 2020 |
STRATTEC Credit Facility |  | $ | 13,000 |  |  | $ | 18,000 |
ADAC-STRATTEC Credit Facility |  |  | 17,000 |  |  |  | 17,000 |
|  | $ | 30,000 |  |  | $ | 35,000 |
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):
|  | Three Months Ended |
|  | Average Outstanding Borrowings |  |  | Weighted Average Interest Rate |
|  | September 27, 2020 |  |  | September 29, 2019 |  |  | September 27, 2020 |  |  | September 29, 2019 |
STRATTEC Credit Facility |  | $ | 17,231 |  |  | $ | 16,033 |  |  |  | 1.2 | % |  |  | 3.3 | %
ADAC-STRATTEC Credit Facility |  | $ | 17,000 |  |  | $ | 23,473 |  |  |  | 1.4 | % |  |  | 3.5 | %

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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