XML 52 R34.htm IDEA: XBRL DOCUMENT v3.23.2
Organization and Summary of Significant Accounting Policies (Details Textual)
 12 Months Ended
Aug. 22, 2023
USD ($)
Jul. 02, 2023
USD ($)
Joint_Venture
Subsidiary
Associates
Segment
shares
Jul. 03, 2022
USD ($)
shares
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of reportable segments | Segment   1  
Fiscal year duration   364 days 371 days
Rabbi Trust Assets   $ 2,600,000 $ 3,300,000
Allowance for doubtful accounts receivable   500,000 500,000
Property, plant and equipment impairment   0 0
Operating lease expense   497,000 484,000
Research and development expenditures   $ 15,900,000 $ 12,200,000
Share based compensation arrangement by share based payment award number of shares authorized | shares   2,000,000  
Shares of common stock available for grant | shares   134,769  
Options, granted | shares   0 0
Compensation Cost   $ 0 $ 0
Mexican Peso Forward Contracts      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Fair market value of derivative instruments   0  
STRATTEC Credit Facility      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Secured revolving credit facility   $ 40,000,000  
Credit facility maturity date   Aug. 01, 2024  
STRATTEC Credit Facility | Subsequent Event      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Secured revolving credit facility $ 40,000,000    
Credit facility maturity date Aug. 01, 2026    
STRATTEC Credit Facility | Subsequent Event | SOFR      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Interest rate - percentage points added - on borrowings under credit facility 1.85%    
Interest rate on borrowings under the credit facility Term SOFR plus 1.85 percent or the bank’s prime rate    
Employee Stock Option      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Options expires after date of grant   10 years  
Restricted stock      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Compensation Cost   $ 1,370  
Minimum      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Payment generally occurs after shipment date   45 days  
Minimum | Employee Stock Option      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period after the date of grant   1 year  
Minimum | Restricted stock      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period after the date of grant   1 year  
Minimum | New Vehicle Production | Long-term Supply Agreements      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Production period   4 years  
Minimum | Service Parts Production | Long-term Supply Agreements      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Production period   10 years  
Maximum      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Payment generally occurs after shipment date   90 days  
Maximum | Employee Stock Option      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period after the date of grant   4 years  
Maximum | Restricted stock      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Vesting period after the date of grant   3 years  
Maximum | New Vehicle Production | Long-term Supply Agreements      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Production period   6 years  
Maximum | Service Parts Production | Long-term Supply Agreements      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Production period   15 years  
Other Current Assets      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Rabbi Trust Assets     863,000
Other Current Assets | Mexican Peso Forward Contracts      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Fair market value of derivative instruments     627,000
Other Noncurrent Assets      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Rabbi Trust Assets     $ 2,400,000
Milwaukee, WI Facility      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of full time associates | Associates   3,361  
Number of associates represented by labor union | Associates   178  
Percentage of total STRATTEC associates represented by labor union.   5.30%  
Mexico Facility      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of associates represented by labor union | Associates   102  
Percentage of total STRATTEC associates represented by labor union.   3.00%  
VAST LLC | CHINA      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of wholly owned subsidiaries | Subsidiary   4  
VAST LLC | BRAZIL      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of wholly owned subsidiaries | Subsidiary   1  
VAST LLC | INDIA      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Number of joint venture entities | Joint_Venture   1