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Credit Facilities (Tables)

6 Months Ended

Dec. 29, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowings Under the Credit Facilities

Outstanding borrowings under the credit facilities were as follows (in thousands):

	December 29, 2024				June 30, 2024
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 credit facility referenced above were as follows (in thousands):

	Six Months Ended
	Average Outstanding Borrowings								Weighted Average Interest Rate
	December 29, 2024				December 31, 2023				December 29, 2024				December 31, 2023
STRATTEC Credit Facility	$	—			$	66				—	%			8.5	%
ADAC-STRATTEC Credit Facility	$	13,368			$	13,000				8.2	%			6.7	%

X

- 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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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