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Related Party
 6 Months Ended
Dec. 29, 2024
Related Party Transactions [Abstract]  
Related Party

NOTE 16. RELATED PARTY

The Company owns 51% of a joint venture with ADAC Automotive (“ADAC”), which was formed in fiscal year 2007 to support customers with door handle and exterior trim demand from injection molding and assembly operations in Mexico. The joint venture's financial results are consolidated with the financial results of the Company. The following tables summarize the related party transactions that arise as a result of the joint venture operating agreement (in thousands):

 

Three Months Ended

 

 

Six Months Ended

 

 

December 29,
2024

 

 

December 31,
2023

 

 

December 29,
2024

 

 

December 31,
2023

 

Management fee expense

$

2,316

 

 

$

2,111

 

 

$

4,796

 

 

$

4,405

 

Net sales to ADAC

$

1,297

 

 

$

2,021

 

 

$

3,622

 

 

$

4,855

 

 

 

 

December 29, 2024

 

 

June 30, 2024

 

Accounts receivable from ADAC

 

$

450

 

 

$

833

 

Accounts payable to ADAC

 

$

4,054

 

 

$

1,679