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Investment in Joint Ventures And Majority Owned Subsidiaries (Tables) | 12 Months Ended
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Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Summarize of Related Party Transaction | The following table summarizes these related party transactions for the periods indicated below (in thousands):
| Years Ended
| June 30, 2024 |  |  | July 2, 2023
Engineering, research and design fee charged to ADAC-STRATTEC LLC | $ | 9,511 |  |  | $ | 8,533
Sales to ADAC | $ | 9,718 |  |  | $ | 12,198
| Years Ended
| June 30, 2024 |  |  | July 2, 2023
Accounts receivable due from ADAC | $ | 833 |  |  | $ | 3,903
Accounts payable to ADAC | $ | 1,679 |  |  | $ | 4,928
Schedule of Net Purchase Price Allocation | The allocation of the $18.5 million net purchase price was as follows (millions of dollars):
|  | Cash Received (Paid) |
Sale of STRATTEC's one-third ownership interest in VAST LLC |  | $ | 28.2 |
Purchase of 20 percent non-controlling interest in SPA |  |  | (9.0 | )
Purchase of net assets of VAST LLC's Korean branch office |  |  | (0.7 | )
Net purchase price received by STRATTEC |  | $ | 18.5 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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