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Credit Facilities (Tables)

12 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowings Under the Credit Facilities

Outstanding borrowings under the credit facilities referenced in the above paragraph as of the end of 2024 and 2023 were as follows (thousands of dollars):

		June 30, 2024				July 2, 2023
STRATTEC Credit Facility		$	—			$	—
ADAC-STRATTEC Credit Facility			13,000				13,000
		$	13,000			$	13,000

Schedule of Average Outstanding Borrowings and the Weighted Average Interest Rate

Average outstanding borrowings and the weighted average interest rate under each such credit facility during 2024 and 2023 were as follows (thousands of dollars):

		Average Outstanding Borrowings								Weighted Average Interest Rate
		Years Ended								Years Ended
		June 30, 2024				July 2, 2023				June 30, 2024				July 2, 2023
STRATTEC Credit Facility		$	33			$	5,365				8.5	%			5.7	%
ADAC-STRATTEC Credit Facility		$	13,000			$	12,426				6.8	%			5.3	%

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- Definition

Tabular disclosure of average outstanding borrowing and weighted average interest rates on borrowings under contractual agreements with lenders.

+ References

No definition available.

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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
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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