Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jul. 01, 2018	Aug. 03, 2018	Dec. 29, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	STRATTEC SECURITY CORP
Entity Central Index Key	0000933034
Document Type	10-K
Document Period End Date	Jul. 01, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	STRT
Current Fiscal Year End Date	--07-01
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 155,324,000
Entity Filer Category	Accelerated Filer
Entity Common Stock Shares Outstanding		3,704,565

Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Income Statement [Abstract]
NET SALES	$ 439,195	$ 417,325	$ 401,419
Cost of goods sold	384,752	356,370	335,693
GROSS PROFIT	54,443	60,955	65,726
Engineering, selling, and administrative expenses	41,168	46,113	43,547
INCOME FROM OPERATIONS	13,275	14,842	22,179
Interest income	8	136	25
Equity earnings (loss) of joint ventures	4,532	666	(2,235)
Interest expense	(1,137)	(417)	(176)
Other income (expense), net	1,020	1,167	(603)
INCOME BEFORE PROVISION FOR INCOME TAXES AND NON- CONTROLLING INTEREST	17,698	16,394	19,190
Provision for income taxes	2,070	4,284	5,068
NET INCOME	15,628	12,110	14,122
Net income attributable to non-controlling interest	3,345	4,913	4,973
NET INCOME ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION	12,283	7,197	9,149
COMPREHENSIVE INCOME:
NET INCOME	15,628	12,110	14,122
Currency translation adjustments, net of tax	(2,219)	(426)	(5,248)
Pension and postretirement plan funded status adjustment, net of tax	602	5,768	(5,880)
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME	(1,617)	5,342	(11,128)
COMPREHENSIVE INCOME	14,011	17,452	2,994
Comprehensive income attributable to non-controlling interest	2,279	5,470	4,659
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION	$ 11,732	$ 11,982	$ (1,665)
EARNINGS PER SHARE ATTRIBUTABLE TO STRATTEC SECURITY CORPORATION:
Basic	$ 3.39	$ 2.01	$ 2.55
Diluted	$ 3.32	$ 1.96	$ 2.51
AVERAGE SHARES OUTSTANDING:
Basic	3,628	3,588	3,559
Diluted	3,703	3,670	3,621

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 8,090	$ 8,361
Receivables, less allowance for doubtful accounts of $500 at July 1, 2018 and July 2, 2017	73,832	64,933
Inventories, net	46,654	35,476
Customer tooling in progress, net	12,514	11,544
Income taxes recoverable	3,559	1,987
Other current assets	6,454	6,704
Total current assets	151,103	129,005
INVESTMENT IN JOINT VENTURES	22,192	16,840
DEFERRED INCOME TAXES		256
OTHER LONG-TERM ASSETS	17,338	16,022
PROPERTY, PLANT AND EQUIPMENT, NET	116,542	111,591
Total assets	307,175	273,714
CURRENT LIABILITIES:
Accounts payable	38,439	39,679
Accrued liabilities:
Payroll and benefits	13,393	13,055
Environmental	1,291	1,308
Warranty	7,800	5,550
Other	7,870	8,303
Total current liabilities	68,793	67,895
Commitments and Contingencies
BORROWINGS UNDER CREDIT FACILITIES	51,000	30,000
DEFERRED INCOME TAXES	961
ACCRUED PENSION OBLIGATIONS	1,553	1,492
ACCRUED POSTRETIREMENT OBLIGATIONS	826	1,003
OTHER LONG-TERM LIABILITIES	796	610
SHAREHOLDERS’ EQUITY:
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,251,937 shares at July 1, 2018 and 7,216,103 shares at July 2, 2017	73	72
Capital in excess of par value	95,140	93,813
Retained earnings	236,162	225,913
Accumulated other comprehensive loss	(33,439)	(32,888)
Less: Treasury stock at cost (3,616,734 shares at July 1, 2018 and 3,619,487 shares at July 2, 2017)	(135,778)	(135,822)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	162,158	151,088
Non-controlling interest	21,088	21,626
Total shareholders’ equity	183,246	172,714
Total liabilities and shareholders' equity	$ 307,175	$ 273,714

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 500	$ 500
Common stock, shares authorized	12,000,000	12,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	7,251,937	7,216,103
Treasury stock, shares	3,616,734	3,619,487

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Non-controlling interest
Beginning balance at Jun. 28, 2015	$ 152,401	$ 71	$ 89,560	$ 213,442	$ (26,859)	$ (135,902)	$ 12,089
Net income	14,122			9,149			4,973
Currency translation adjustments	(5,248)				(4,934)		(314)
Pension and postretirement funded status adjustment, net of tax	(5,880)				(5,880)
Cash dividends declared ($0.52, $0.56, and $0.56 per share for the twelve month period ended 2016, 2017, and 2018, respectively)	(1,863)			(1,863)
Cash dividends paid to non-controlling interests of subsidiaries	(1,568)						(1,568)
Stock-based compensation and shortfall tax benefit	2,075		2,075
Stock option exercises	364	1	363
Employee stock purchases	109		78			31
Ending balance at Jul. 03, 2016	154,512	72	92,076	220,728	(37,673)	(135,871)	15,180
Net income	12,110			7,197			4,913
Currency translation adjustments	(426)				(983)		557
Pension and postretirement funded status adjustment, net of tax	5,768				5,768
Cash dividends declared ($0.52, $0.56, and $0.56 per share for the twelve month period ended 2016, 2017, and 2018, respectively)	(2,012)			(2,012)
Cash dividends paid to non-controlling interests of subsidiaries	(1,964)						(1,964)
Contribution from non-controlling interestsof subsidiaries	2,940						2,940
Stock-based compensation and shortfall tax benefit	1,601		1,601
Stock option exercises	79		79
Employee stock purchases	106		57			49
Ending balance at Jul. 02, 2017	172,714	72	93,813	225,913	(32,888)	(135,822)	21,626
Net income	15,628			12,283			3,345
Currency translation adjustments	(2,219)				(1,153)		(1,066)
Pension and postretirement funded status adjustment, net of tax	602				602
Cash dividends declared ($0.52, $0.56, and $0.56 per share for the twelve month period ended 2016, 2017, and 2018, respectively)	(2,034)			(2,034)
Cash dividends paid to non-controlling interests of subsidiaries	(2,817)						(2,817)
Stock-based compensation	1,130		1,130
Stock option exercises	140	1	139
Employee stock purchases	102		58			44
Ending balance at Jul. 01, 2018	$ 183,246	$ 73	$ 95,140	$ 236,162	$ (33,439)	$ (135,778)	$ 21,088

Consolidated Statements of Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Statement Of Stockholders Equity [Abstract]
Pension and postretirement funded status adjustment tax impact	$ 340	$ 3,388	$ 3,454
Cash dividends declared per share	$ 0.56	$ 0.56	$ 0.52

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 15,628	$ 12,110	$ 14,122
Adjustments to reconcile net income to net cash provided by operating activities:
Equity (earnings) loss of joint ventures	(4,532)	(666)	2,235
Depreciation and amortization	14,585	11,418	10,121
Foreign currency transaction gain	(549)	(1,128)	(2,559)
Unrealized loss (gain) on peso forward contracts	1,160	(2,010)	889
(Gain) loss on disposition of property, plant and equipment	(28)	213	(17)
Deferred income taxes	1,029	1,851	3,027
Stock based compensation expense	1,130	1,508	1,625
Change in operating assets and liabilities:
Receivables	(9,571)	(1,707)	(5,129)
Inventories	(11,178)	3,207	(3,897)
Other assets	(4,457)	(6,499)	(9,481)
Accounts payable and accrued liabilities	3,749	5,168	(3,003)
Other, net	(26)	(323)	285
Net cash provided by operating activities	6,940	23,142	8,218
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in joint ventures	(125)	(400)	(1,720)
Loan to joint ventures		(2,230)	(225)
Repayments from loan to joint ventures	300	100	100
Additions to property, plant and equipment	(24,134)	(37,010)	(23,496)
Proceeds received on sale of property, plant and equipment	41	2	76
Net cash used in investing activities	(23,918)	(39,538)	(25,265)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under credit facilities	24,000	36,000	26,500
Repayments under credit facilities	(3,000)	(26,000)	(16,500)
Exercise of stock options and employee stock purchases	242	241	473
Excess tax benefits from stock-based compensation		21	170
Contribution from non-controlling interest of subsidiaries		2,940
Dividends paid to non-controlling interests of subsidiaries	(2,817)	(1,964)	(1,568)
Dividends paid	(2,034)	(2,012)	(1,865)
Net cash provided by financing activities	16,391	9,226	7,210
FOREIGN CURRENCY IMPACT ON CASH	316	54	(381)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(271)	(7,116)	(10,218)
CASH AND CASH EQUIVALENTS
Beginning of year	8,361	15,477	25,695
End of year	8,090	8,361	15,477
Cash Paid During the Period For:
Income taxes	2,503	318	4,699
Interest	1,078	350	157
Non-Cash Investing Activities:
Change in capital expenditures in accounts payable	$ (1,702)	$ (99)	2,625
Guarantee of joint venture revolving credit facility			$ 505

Organization and Summary of Significant Accounting Policies

12 Months Ended

Jul. 01, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Organization and Summary of Significant Accounting Policies

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

STRATTEC SECURITY CORPORATION designs, develops, manufactures and markets automotive access control products including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for primarily North American automotive customers. We also supply global automotive manufacturers through a unique strategic relationship with WITTE Automotive (“WITTE”) of Velbert, Germany and ADAC Automotive (“ADAC”) of Grand Rapids, Michigan. Under this relationship, STRATTEC, WITTE and ADAC market the products of each company to global customers under the “VAST Automotive Group” brand name (as more fully described herein). STRATTEC products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea, China and India, and we provide full service and aftermarket support for each VAST Automotive Group partner’s products. We also maintain a 51 percent interest in a joint venture, STRATTEC Advanced Logic, LLC (“SAL LLC”), which exists to introduce a new generation of biometric security products based on the designs of Actuator Systems, our partner and the owner of the remaining ownership interest.

The accompanying consolidated financial statements reflect the consolidated results of STRATTEC SECURITY CORPORATION, its wholly owned Mexican subsidiary, STRATTEC de Mexico, and its majority owned subsidiaries, ADAC-STRATTEC, LLC and STRATTEC POWER ACCESS LLC. STRATTEC SECURITY CORPORATION is located in Milwaukee, Wisconsin. STRATTEC de Mexico is located in Juarez, Mexico. ADAC-STRATTEC, LLC and STRATTEC POWER ACCESS LLC have operations in El Paso, Texas and Juarez and Leon, Mexico. Equity investments in Vehicle Access Systems Technology LLC (“VAST LLC”) and SAL LLC for which we exercise significant influence but do not control and are not the primary beneficiary, are accounted for using the equity method. VAST LLC consists primarily of three wholly owned subsidiaries in China, one wholly owned subsidiary in Brazil and one joint venture entity in India. The results of the VAST LLC foreign subsidiaries and joint venture are reported on a one-month lag basis. SAL LLC is located in El Paso, Texas. We have only one reporting segment.

The significant accounting policies followed in the preparation of these financial statements, as summarized in the following paragraphs, are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP).

Principles of Consolidation and Presentation: The accompanying consolidated financial statements include the accounts of STRATTEC SECURITY CORPORATION, its wholly owned Mexican subsidiary and its majority owned subsidiaries. Equity investments for which STRATTEC exercises significant influence but does not control and is not the primary beneficiary are accounted for using the equity method. All significant inter-company transactions and balances have been eliminated.

New Accounting Standards: In May 2014, the FASB issued an update to the accounting guidance for the recognition of revenue arising from contracts with customers. The update supersedes most current revenue recognition guidance and outlines a single comprehensive model for revenue recognition based on the principle that an entity should recognize revenue in an amount that reflects the expected consideration to be received in the exchange of goods and services. The guidance update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. The guidance permits two methods of adoption: the full retrospective method, which requires retrospective restatement of each prior reporting period presented, or the modified retrospective method, which requires the cumulative effect of initially applying the guidance be recognized at the date of initial application. We do not expect the adoption of this standard to have a material impact on our results of operations or financial position; however, we expect to expand disclosures in line with the requirements of the new standard. We currently do not expect any changes to how we account for reimbursable pre-production costs, which are currently accounted for as a cost reduction. We expect revenue related to parts shipped under our production contracts to remain unchanged. We will adopt this standard as of July 2, 2018, the first day of our 2019 fiscal year, using the modified retrospective approach.

In August 2014, the FASB issued an update to the accounting guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new guidance requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. This accounting update is effective for annual and interim periods beginning on or after December 15, 2016, with early adoption permitted. The adoption of this pronouncement did not have a material impact on our consolidated financial statements.

In July 2015, the FASB issued an accounting standard to simplify the measurement of inventory by changing the subsequent measurement guidance from the lower of cost or market to the lower of cost and net realizable value for inventory. The standard update is effective for fiscal years beginning after December 15, 2016 and interim periods within those years, and early adoption was permitted. The standard is to be applied prospectively. The adoption of this pronouncement did not have a material impact on our consolidated financial statements.

In February 2016, the FASB issued an update to the accounting guidance for leases. The update increases the transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about leasing arrangements. The guidance is effective for fiscal years beginning after December 15, 2018 and interim periods within those years. We do not expect that the adoption of this pronouncement will have a material impact on our consolidated financial statements.

In March 2016, the FASB issued an update to the accounting guidance for share-based payments. The update simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification of such items in the statement of cash flows. The guidance is effective for fiscal years beginning after December 15, 2016 and interim periods within those years. The adoption of this pronouncement did not have a material impact on our consolidated financial statements.

In August 2016, the FASB issued an update to the accounting guidance on the classification of certain cash receipts and cash payments. The update aims to eliminate diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those years. We do not expect that the adoption of this pronouncement will have a material impact on our consolidated financial statements.

In March 2017, the FASB issued an update to the accounting guidance for the presentation of net periodic pension cost and net periodic postretirement benefit cost. The update requires the service cost component of net periodic benefit cost be reported in the same line items as other compensation costs arising from services rendered by the pertinent employees during the applicable period. The remaining components of net periodic benefit cost are required to be presented separately from the service cost component outside a subtotal of income from operations. Additionally, the update allows only the service cost component to be eligible for capitalization when applicable. The guidance requires retrospective restatement for each period presented for the presentation of the service cost component and the other components of net periodic benefit cost in the income statement and prospective application for the capitalization of the service cost component of net periodic benefit cost. The guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those years, with early adoption permitted. We elected early adoption beginning with the interim periods of our fiscal 2018. The adoption of this guidance resulted in the reclassification of expense within our Consolidated Statements of Income and Comprehensive Income (Loss) for the fiscal years ended July 2, 2017 and July 3, 2016 of $793,000 and $901,000, respectively, from cost of goods sold to Other Income, net and $347,000 and $370,000, respectively, from engineering, selling and administrative expenses to Other Income, net.

In February 2018, the FASB issued guidance on the reclassification of certain tax effects from accumulated other comprehensive income. The guidance will permit entities to reclassify tax effects stranded in accumulated other comprehensive income as a result of U.S. tax reform to retained earnings. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within these fiscal years. We do not expect that the adoption of this pronouncement will have a material impact on our consolidated financial statements.

Fiscal Year: Our fiscal year ends on the Sunday nearest June 30. The years ended July 1, 2018, July 2, 2017 and July 3, 2016 are comprised of 52, 52 and 53 weeks, respectively.

Use of Estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses for the periods presented. These estimates and assumptions could also affect the disclosure of contingencies. Actual results and outcomes may differ from management’s estimates and assumptions.

Cash and Cash Equivalents: Cash and cash equivalents include all short-term investments with an original maturity of three months or less due to the short-term nature of the instruments. Excess cash balances are placed in short-term commercial paper.

Derivative Instruments: We own and operate manufacturing operations in Mexico. As a result, a portion of our manufacturing costs are incurred in Mexican pesos, which causes our earnings and cash flows to fluctuate due to changes in the U.S. dollar/Mexican peso exchange rate. We executed contracts with Bank of Montreal that provide for monthly Mexican peso currency forward contracts for a portion of our estimated peso denominated operating costs. These peso currency forward contracts include settlement dates that began on October 16, 2015 and end on December 17, 2018. Our objective in entering into these currency forward contracts is to minimize our earnings volatility resulting from changes in exchange rates affecting the U.S. dollar cost of our Mexican operations. The Mexican peso forward contracts are not used for speculative purposes and are not designated as hedges. As a result, all currency forward contracts are recognized in our accompanying consolidated financial statements at fair value and changes in the fair value are reported in current earnings as part of Other Income, net.

The following table quantifies the outstanding Mexican peso forward contracts as of July 1, 2018 (thousands of dollars, except average forward contractual exchange rates):

		Effective Dates		Notional Amount				Average Forward Contractual Exchange Rate				Fair Value
Buy MXP/Sell USD		July 16, 2018 - December 17, 2018		$	6,000				20.02			$	(39	)

The fair market value of all outstanding Mexican peso forward contracts in the accompanying Consolidated Balance Sheets was as follows (thousands of dollars):

	July 1, 2018			July 2, 2017
Not designated as hedging instruments:
Other current (liabilities) assets:
Mexican peso forward contracts	$	(39	)	$	1,121

The pre-tax effects of the Mexican peso forward contracts on the accompanying Consolidated Statements of Income and Comprehensive Income (Loss) consisted of the following (thousands of dollars):

	Other Income, net
	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Not Designated as Hedging Instruments:
Realized gain (loss)	$	1,140		$	(1,650	)	$	(1,196	)
Unrealized (loss) gain	$	(1,160	)	$	2,010		$	(889	)

Fair Value of Financial Instruments: The fair value of our cash and cash equivalents, accounts receivable, accounts payable and borrowings under our credit facilities approximated their book value as of July 1, 2018 and July 2, 2017. Fair Value is defined as the exchange price that would be received for an asset or paid for a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. There is an established fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable. Level 1 – Quoted prices in active markets for identical assets or liabilities. These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level 2 – Inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly. These are typically obtained from readily-available pricing sources for comparable instruments. Level 3 – Unobservable inputs, where there is little or no market activity for the asset or liability. These inputs reflect the reporting entity’s own assumptions of the data that market participants would use in pricing the asset or liability, based on the best information available in the circumstances. The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of July 1, 2018 and July 2, 2017 (thousands of dollars):

	July 1, 2018								July 2, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Rabbi Trust assets:
Stock index funds:
Small cap	$	298	$	—	$	—	$	298	$	382	$	—	$	—	$	382
Mid cap		286		—		—		286		391		—		—		391
Large cap		562		—		—		562		519		—		—		519
International		793		—		—		793		541		—		—		541
Fixed income funds		850		—		—		850		763		—		—		763
Cash and cash equivalents		—		3		—		3		—		3		—		3
Mexican peso forward contracts		—		—		—		-		—		1,121		—		1,121
Total assets at fair value	$	2,789	$	3	$	—	$	2,792	$	2,596	$	1,124	$	—	$	3,720

Liabilities:
Mexican peso forward contracts	$	—	$	39	$	-	$	39	$	—	$	—	$	—	$	—

The Rabbi Trust assets fund our supplemental executive retirement plan and are included in Other Long-Term Assets in the accompanying Consolidated Balance Sheets. Refer to discussion of Mexican peso forward contracts under Derivative Instruments above. The fair value of the Mexican peso forward contracts considers the remaining term, current exchange rate and interest rate differentials between the two currencies. There were no transfers between Level 1 and Level 2 assets during 2018 or 2017.

Receivables: Receivables consist primarily of trade receivables due from Original Equipment Manufacturers in the automotive industry and locksmith/dealership distributors relating to our service and aftermarket sales. We evaluate the collectability of receivables based on a number of factors. An allowance for doubtful accounts is recorded for significant past due receivable balances based on a review of the past due items, general economic conditions and the industry as a whole. Changes in the allowance for doubtful accounts were as follows (thousands of dollars):

	Balance, Beginning of Year		Provision for Doubtful Accounts		Net Write-Offs		Balance, End of Year
Year ended July 1, 2018	$	500	$	—	$	—	$	500
Year ended July 2, 2017	$	500	$	—	$	—	$	500
Year ended July 3, 2016	$	500	$	—	$	—	$	500

Inventories: Inventories are comprised of material, direct labor and manufacturing overhead, and are stated at the lower of cost or market using the first-in, first-out (“FIFO”) cost method of accounting. Inventories consisted of the following (thousands of dollars):

	July 1, 2018			July 2, 2017
Finished products	$	13,410		$	9,976
Work in process		10,059			9,328
Purchased materials		27,185			20,682
		50,654			39,986
Excess and obsolete reserve		(4,000	)		(4,510	)
Inventories, net	$	46,654		$	35,476

We record a reserve for excess and obsolete inventory based on historical and estimated future demand and market conditions. The reserve level is determined by comparing inventory levels of individual materials and parts to historical usage and estimated future sales by analyzing the age of the inventory in order to identify specific materials and parts that are unlikely to be sold. Technical obsolescence and other known factors are also considered in evaluating the reserve level. The activity related to the excess and obsolete inventory reserve was as follows (thousands of dollars):

	Balance, Beginning of Year		Provision Charged to Expense		Amounts Written Off		Balance, End of Year
Year ended July 1, 2018	$	4,510	$	1,002	$	1,512	$	4,000
Year ended July 2, 2017	$	2,800	$	2,718	$	1,008	$	4,510
Year ended July 3, 2016	$	2,300	$	844	$	344	$	2,800

Customer Tooling in Progress: We incur costs related to tooling used in component production and assembly. Costs for development of certain tooling, which will be directly reimbursed by the customer whose parts are produced from the tool, are accumulated on the balance sheet and are then billed to the customer. The accumulated costs are billed upon formal acceptance by the customer of products produced with the individual tool. Other tooling costs are not directly reimbursed by the customer. These costs are capitalized and amortized over the life of the related product based on the fact that the related tool will be used over the life of the supply arrangement. To the extent that estimated costs exceed expected reimbursement from the customer we recognize a loss.

Repair and Maintenance Supply Parts: We maintain an inventory of repair and maintenance supply parts in support of operations. This inventory includes critical repair parts for all production equipment as well as general maintenance items. The inventory of critical repair parts is required to avoid disruptions in our customers’ just-in-time production schedules due to a lack of spare parts when equipment break-downs occur. All required critical repair parts are on hand when the related production equipment is placed in service and maintained to satisfy the customer model life production and service requirements, which may be 12 to 15 years. As repair parts are used, additional repair parts are purchased to maintain a minimum level of spare parts inventory. Depending on maintenance requirements during the life of the equipment, excess quantities of repair parts arise. Excess quantities are kept on hand and are not disposed of until the equipment is no longer in service. A repair and maintenance supply parts reserve is maintained to recognize the normal adjustment of inventory for obsolete and slow moving supply and maintenance parts. The adequacy of the reserve is reviewed periodically in relation to the repair parts inventory balances. The gross balance of the repair and maintenance supply parts inventory was approximately $3.8 million at July 1, 2018 and $3.7 million at July 2, 2017. The repair and maintenance supply parts inventory balance is included in Other Current Assets in the accompanying Consolidated Balance Sheets. The activity related to the repair and maintenance supply parts reserve was as follows (thousands of dollars):

	Balance, Beginning of Year		Provision Charged to Expense		Amounts Written Off		Balance, End of Year
Year ended July 1, 2018	$	900	$	201	$	201	$	900
Year ended July 2, 2017	$	700	$	438	$	238	$	900
Year ended July 3, 2016	$	620	$	366	$	286	$	700

Intangibles: Intangible assets that have defined useful lives were acquired in the purchase of the power sliding door, lift gate and deck lid system access control products from Delphi Corporation in 2009 and consist of patents, engineering drawings and software. The intangible assets balance is included in Other Long-Term Assets in the accompanying Consolidated Balance Sheets. The carrying value and accumulated amortization for these assets were as follows (thousands of dollars):

	July 1, 2018			July 2, 2017
Patents, engineering drawings and software	$	890		$	890
Less: accumulated amortization		(890	)		(849	)
	$	-		$	41

Intangible amortization expense was $41,000 for the year ended July 1, 2018 and $99,000 for each of the years ended July 2, 2017, July 3, 2016. The intangible assets are fully amortized as of July 1, 2018.

Property, Plant and Equipment: Property, plant and equipment are stated at cost. Property, plant and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets as follows:

Classification		Expected Useful Lives
Land improvements		20 years
Buildings and improvements		15 to 35 years
Machinery and equipment		3 to 15 years

Property, plant and equipment consisted of the following (thousands of dollars):

	July 1, 2018			July 2, 2017
Land and improvements	$	5,545		$	4,732
Buildings and improvements		34,483			36,046
Machinery and equipment		229,688			210,741
		269,716			251,519
Less: accumulated depreciation		(153,174	)		(139,928	)
	$	116,542		$	111,591

Depreciation expense was as follows for the periods indicated (thousands of dollars):

Fiscal Year	Depreciation Expense
2018	$	14,544
2017	$	11,319
2016	$	10,022

The gross and net book value of property, plant and equipment located outside of the United States, primarily in Mexico, were as follows (thousands of dollars):

	July 1, 2018		July 2, 2017
Gross book value	$	140,681	$	130,166
Net book value	$	74,364	$	69,652

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net undiscounted cash flows expected to be generated by the asset. If an asset is considered to be impaired, the impairment recognized is measured by the excess of the carrying amount of the asset over the fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value, less estimated costs to sell. There were no impairments recorded in the years ended July 1, 2018, July 2, 2017 or July 3, 2016.

Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for major renewals and betterments, which significantly extend the useful lives of existing plant and equipment, are capitalized and depreciated. Upon retirement or disposition of plant and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income.

Supplier Concentrations: The following inventory purchases were made from major suppliers during each fiscal year noted:

Fiscal Year	Percentage of Inventory Purchases			Number of Suppliers
2018		32	%		5
2017		39	%		7
2016		36	%		6

We have long-term contracts or arrangements with most of our suppliers to guarantee the availability of raw materials and component parts.

Labor Concentrations: We had approximately 4,420 full-time associates of which approximately 260 or 5.9 percent were represented by a labor union at July 1, 2018. The associates represented by a labor union account for all production associates at our Milwaukee facility. The current contract with the unionized associates is effective through September 17, 2018.

Revenue Recognition: Revenue is recognized upon the shipment of products, which is when title passes, payment terms are final, we have no remaining obligations and the customer is required to pay. Revenue is recognized net of estimated returns and discounts, which is recognized as a deduction from revenue at the time of the shipment. Price concessions agreed to with customers are recorded as a reduction of sales at the later of when revenue related to the specific sales is recognized or the date at which the price concessions are offered and committed to.

Research and Development Costs: Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred. Research and development expenditures were approximately $4.8 million in 2018, $4.6 million in 2017 and $430,000 in 2016.

Other Income (Expense), Net: Net other income (expense) included in the accompanying Consolidated Statements of Income and Comprehensive Income (Loss) primarily included foreign currency transaction gains and losses, realized and unrealized gains and losses on our Mexican peso currency forward contracts, the components of net periodic benefit cost other than the service cost component related to our pension and postretirement plans and Rabbi Trust gains. Foreign currency transaction gains and losses resulted from activity associated with foreign denominated assets held by our Mexican subsidiaries. We entered into the Mexican peso currency forward contracts during fiscal 2016, 2017 and 2018 to minimize earnings volatility resulting from changes in exchange rates affecting the U.S. dollar cost of our Mexican operations. The Rabbi Trust assets fund our amended and restated supplemental executive retirement plan. The investments held in the Trust are considered trading securities. The impact of these items for the periods presented was as follows (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Foreign currency transaction gain	$	549		$	1,128		$	2,559
Rabbi Trust gain (loss)		193			296			(41	)
Unrealized (loss) gain on Mexican peso forward contracts		(1,160	)		2,010			(889	)
Realized gain (loss) on Mexican peso forward contracts		1,140			(1,650	)		(1,196	)
Pension and postretirement plans credit (cost)		447			(1,140	)		(1,271	)
Other		(149	)		523			235
	$	1,020		$	1,167		$	(603	)

Self Insurance Plans: We have self-insured medical and dental plans covering all eligible U.S. associates. The claims handling process for the self-insured plans are managed by a third-party administrator. Stop-loss insurance coverage limits our liability on a per individual per calendar year basis. The per individual per calendar year stop-loss limit was $150,000 in each calendar year 2015 through 2018. Effective January 1, 2011, under Health Care Reform, there is no lifetime maximum for overall benefits.

The expected ultimate cost for claims incurred under the self-insured medical and dental plans as of the applicable balance sheet date is not discounted and is recognized as an expense on our Consolidated Statements of Income and Comprehensive Income (Loss). The expected ultimate cost of claims is estimated based upon the aggregate liability for reported claims and an estimated liability for claims incurred but not reported, which is based on an analysis of historical data, current health care trends and information available from the third-party administrator. As additional information becomes available, actual results may differ from recorded estimates, which may require us to adjust the amount of our estimated liability for claims incurred but not reported. The expected ultimate cost for claims incurred under the self-insured medical and dental plans that has not been paid as of the applicable balance sheet date is included in Accrued Liabilities: Payroll and Benefits in our accompanying Consolidated Balance Sheets.

Changes in the balance sheet amounts for self-insured plans were as follows (thousands of dollars):

	Balance, Beginning of Year		Provision Charged to Expense		Payments		Balance, End of Year
Year ended July 1, 2018	$	420	$	5,784	$	5,784	$	420
Year ended July 2, 2017	$	420	$	5,796	$	5,796	$	420
Year ended July 3, 2016	$	420	$	5,032	$	5,032	$	420

Warranty Reserve: We have a warranty liability recorded related to our known and potential exposure to warranty claims in the event our products fail to perform as expected, and in the event we may be required to participate in the repair costs incurred by our customers for such products. The recorded warranty liability balance involves judgment and estimates. Our liability estimate is based on an analysis of historical warranty data as well as current trends and information, including our customers’ recent extension and/or expansion of their warranty programs. In recent fiscal periods, our largest customers have extended their warranty protection for their vehicles and have since demanded higher warranty cost sharing arrangements from their suppliers in their terms and conditions to purchase, including from STRATTEC. The 2018 warranty provision included costs for various known or expected warranty issues as of June 2018 for which amounts were reasonably estimable. During 2017, the warranty liability was reduced as a result of settlement payments of previously accrued customer warranty issues. As additional information becomes available, actual results may differ from recorded estimates, which may require us to adjust the amount of our warranty provision.

Changes in the warranty reserve were as follows (thousands of dollars):

	Balance, Beginning of Year		Provision (Recoveries) Charged to Expense			Payments		Balance, End of Year
Year ended July 1, 2018	$	5,550	$	2,617		$	367	$	7,800
Year ended July 2, 2017	$	9,228	$	(843	)	$	2,835	$	5,550
Year ended July 3, 2016	$	11,835	$	583		$	3,190	$	9,228

Foreign Currency Translation: The financial statements of our foreign subsidiaries and equity investees are translated into U.S. dollars using the exchange rate at each balance sheet date for assets and liabilities and the average exchange rate for each applicable period for sales, costs and expenses. Foreign currency translation adjustments are included as a component of accumulated other comprehensive loss. Foreign currency transaction gains and losses are included in other income, net in the accompanying Consolidated Statements of Income and Comprehensive Income (Loss).

Accumulated Other Comprehensive Loss: Accumulated other comprehensive loss (“AOCL”) was comprised of the following (thousands of dollars):

	July 1, 2018		July 2, 2017		July 3, 2016
Unrecognized pension and postretirement benefit liabilities, net of tax	$	18,148	$	18,750	$	24,518
Foreign currency translation, net of tax		15,291		14,138		13,155
	$	33,439	$	32,888	$	37,673

The following tables summarize the changes in AOCL for the years ended July 1, 2018 and July 2, 2017 (thousands of dollars):

	Year Ended July 1, 2018
	Foreign Currency Translation Adjustments			Retirement and Postretirement Plans			Total
Balance July 2,2017	$	14,138		$	18,750		$	32,888
Other comprehensive loss before reclassifications		2,370			820			3,190
Income Tax		(151	)		(193	)		(344	)
Net other comprehensive loss before reclassifications		2,219			627			2,846
Reclassifications:
Prior service credits (A)		—			752			752
Actuarial gains (A)		—			(2,514	)		(2,514	)
Total reclassifications before tax		—			(1,762	)		(1,762	)
Income Tax		—			533			533
Net reclassifications		—			(1,229	)		(1,229	)
Other comprehensive loss (income)		2,219			(602	)		1,617
Other comprehensive loss attributable
to non-controlling interest		1,066			—			1,066
Balance July 1, 2018	$	15,291		$	18,148		$	33,439

	Year ended July 2, 2017
	Foreign Currency Translation Adjustments			Retirement and Postretirement Plans			Total
Balance July 3, 2016	$	13,155		$	24,518		$	37,673
Other comprehensive loss before reclassifications		534			(6,142	)		(5,608	)
Income Tax		(108	)		2,272			2,164
Net other comprehensive loss before reclassifications		426			(3,870	)		(3,444	)
Reclassifications:
Prior service credits (A)		—			753			753
Actuarial gains (A)		—			(3,766	)		(3,766	)
Total reclassifications before tax		—			(3,013	)		(3,013	)
Income Tax		—			1,115			1,115
Net reclassifications		—			(1,898	)		(1,898	)
Other comprehensive loss (income)		426			(5,768	)		(5,342	)
Other comprehensive income attributable to non-controlling interest		(557	)		—			(557	)
Balance July 2, 2017	$	14,138		$	18,750		$	32,888

(A)

Amounts reclassified are included in the computation of net periodic benefit cost, which is included in Other Income, net in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income (Loss). See Retirement Plans and Postretirement Costs note to these Notes to Financial Statements below.

Accounting For Stock-Based Compensation: We maintain an omnibus stock incentive plan. This plan provides for the granting of stock options, shares of restricted stock and stock appreciation rights. The Board of Directors has designated 1,850,000 shares of common stock available for the grant of awards under the plan. Remaining shares available to be granted under the plan as of July 1, 2018 were 133,074. Awards that expire or are cancelled without delivery of shares become available for re-issuance under the plan. We issue new shares of common stock to satisfy stock option exercises.

Nonqualified and incentive stock options and shares of restricted stock have been granted to our officers, outside directors and specified associates under the stock incentive plan. Stock options granted under the plan may not be issued with an exercise price less than the fair market value of the common stock on the date the option is granted. Stock options become exercisable as determined at the date of grant by the Compensation Committee of our Board of Directors. The options expire 10 years after the grant date unless an earlier expiration date is set at the time of grant. The options vest 1 to 4 years after the date of grant. Shares of restricted stock granted under the plan are subject to vesting criteria determined by the Compensation Committee of our Board of Directors at the time the shares are granted and have a minimum vesting period of one year from the date of grant. Restricted shares granted prior to August 2014 have voting and dividend rights, regardless of whether the shares are vested or unvested. Restricted shares granted during August 2014 and thereafter have voting rights, regardless of whether the shares are vested or unvested, but only have the right to receive cash dividends after such shares become vested. Prior to August 2016, the restricted stock grants issued vest or vested 3 to 5 years after the date of grant. As of August 2016, restricted stock grants issued vest 1 to 5 years after the date of grant.

The fair value of each stock option grant was estimated as of the date of grant using the Black-Scholes pricing model. The resulting compensation cost for fixed awards with graded vesting schedules is amortized on a straight-line basis over the vesting period for the entire award. The expected term of awards granted is determined based on historical experience with similar awards, giving consideration to the contractual terms and vesting schedules. The expected volatility is determined based on our historical stock prices over the most recent period commensurate with the expected term of the award. The risk-free interest rate is based on U.S. Treasury zero-coupon issues with a remaining term commensurate with the expected term of the award. Expected pre-vesting option forfeitures are based primarily on historical data. The fair value of each restricted stock grant was based on the market price of the underlying common stock as of the date of grant. The resulting compensation cost is amortized on a straight line basis over the vesting period. We record stock based compensation only for those awards that are expected to vest.

All compensation cost related to stock options granted under the plan has been recognized as of July 1, 2018. Unrecognized compensation cost as of July 1, 2018 related to restricted stock granted under the plan was as follows (thousands of dollars):

Compensation

Cost

Weighted Average

Period over

which Cost is to be

Recognized

(in years)

Restricted stock granted

1,092

0.9

Unrecognized compensation cost will be adjusted for any future changes in estimated and actual forfeitures.

Cash received from stock option exercises and the related income tax benefit were as follows (thousands of dollars):

Fiscal Year	Cash Received from Stock Option Exercises		Income Tax Benefit
2018	$	139	$	—
2017	$	136	$	25
2016	$	364	$	196

The intrinsic value of stock options exercised and the fair value of options vested were as follows (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Intrinsic value of options exercised	$	110	$	115	$	529
Fair value of stock options vested	$	315	$	566	$	331

No options were granted during the fiscal years ended July 1, 2018, July 2, 2017 or July 3, 2016.

The range of options outstanding as of July 1, 2018 was as follows:

	Number of Options Outstanding/ Exercisable	Weighted Average Exercise Price Outstanding/ Exercisable	Weighted Average Remaining Contractual Life Outstanding (In Years)
$10.92-$18.49	42,214/42,214	$15.36/$15.36	1.2
$26.53-$38.71	81,850/81,850	$31.06/$31.06	4.2
$79.73	9,010/9,010	$79.73/$79.73	6.1
		$29.37/$29.37

Income Taxes: Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases and operating loss carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and operating loss carry-forwards are expected to be recovered, settled or utilized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. We recognize the benefit of an income tax position only if it is more likely than not (greater than 50 percent) that the tax position will be sustained upon tax examination, based solely on the technical merits of the tax position. Otherwise, no benefit is recognized. The tax benefits recognized are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. Additionally, we accrue interest and related penalties, if applicable, on all tax exposures for which reserves have been established consistent with jurisdictional tax laws. Interest and penalties on uncertain tax positions are classified in the Provision for Income Taxes in the accompanying Consolidated Statements of Income and Comprehensive Income (Loss).

Our income tax provision for the current year was impacted by the Tax Cuts and Jobs Act of 2017 (“the Act”), which was signed into law on December 22, 2017 with an effective date of January 1, 2018. The Act makes broad and complex changes to the U.S. tax code that affected our fiscal year ending July 1, 2018, including but not limited to (1) a reduction in the U.S. statutory tax rate to 21 percent following its effective date and a change in the measurement of our deferred tax assets and deferred tax liabilities resulting from the reduction in the statutory rate, (2) requiring a one-time transition tax on certain deemed repatriated earnings of foreign subsidiaries that is payable over eight years, and (3) bonus depreciation that will allow for full expensing of qualified property. Section 15 of the Internal Revenue Code stipulates that for our fiscal year ending July 1, 2018, we will have a blended statutory corporate tax rate of 28%, which is based on the applicable statutory tax rates before and after the Act and the number of days in our fiscal year.

The SEC staff issued SAB 118, which provides guidance on accounting for the tax effects of the Act. SAB 118 provides a measurement period that should not extend beyond one year from the Act’s enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Act is incomplete but it is still able to determine a reasonable estimate of the tax effect, it must record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provision of the tax laws that were in effect immediately before the enactment of the Act.

In connection with our analysis of the impact of the Act, we have recorded an overall net tax benefit of approximately $3 million during 2018. This net tax benefit primarily consists of (1) the impact of the change in measurement of our deferred tax assets and liabilities, which resulted in a favorable provision impact of $1.6 million, (2) the one-time transition tax on non-previously taxed post-1986 accumulated foreign earnings, which resulted in a net favorable impact of $500,000 and includes transition tax of $1.4 million offset by the reversal of net deferred tax liability balances totaling $1.9 million, which related to basis differences in foreign earnings, and (3) the impact of changing our annualized effective tax rate, which resulted in a favorable provision impact of $900,000. Measurement period adjustments recorded in the three and six month periods ended July 1, 2018 totaled $1.6 million and $2.0 million, respectively. For various reasons that are discussed more fully below, we have not completed our accounting for the income tax effects for certain elements of the Act. However, we were able to make reasonable estimates of certain effects and, therefore, we recorded provisional adjustments of these elements in the accompanying consolidated financial statements. We identified these items as provisional since our analysis of the items is not complete.

The Act reduces the corporate tax rate to 21 percent, effective January 1, 2018. For certain of our net deferred tax assets, we have recorded a provisional adjustment to reflect the reduction in the corporate tax rate. While we are able to make a reasonable estimate of the impact of the reduction in the corporate rate, it may be affected by other analyses related to the Act, including, but not limited to, the impact of our calculation of deemed repatriation of deferred foreign income and the impact of full expensing for certain assets.

The Deemed Repatriation Transition Tax (“Transition Tax”) is a tax on previously untaxed accumulated and current earnings and profits (E&P) of certain of our foreign subsidiaries. To determine the amount of the Transition Tax, we must determine, in addition to other factors, the amount of post-1986 E&P of the relevant subsidiaries, as well as the amount of non-U.S. income taxes paid on such earnings. We were able to make a reasonable estimate of the Transition Tax and recorded a provisional Transition Tax obligation in these consolidated financial statements. However, we are continuing to gather additional information to more precisely compute the amount of the Transition Tax.

We must assess whether our valuation allowance analyses are affected by various aspects of the Act (e.g., deemed repatriation of deferred foreign income, Global Intangible Low-Taxed Income (“GILTI”) inclusions, and new categories of Foreign Tax Credits). Since, as discussed herein, we have recorded provisional amounts related to certain portions of the Act, any corresponding determination of the need for, or any change in, a valuation allowance is also provisional.

Our accounting for the following elements of the Act is incomplete, and we were not yet able to make reasonable estimates of the effects. Therefore, no provisional adjustments were recorded for the following elements in these consolidated financial statements.

Because of the complexity of the new GILTI tax rules, we are continuing to evaluate this provision of the Act and the application of ASC 740. Under U.S. GAAP, we are allowed to make an accounting policy choice of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”) or (2) factoring such amounts into a company’s measurement of its deferred taxes (the “deferred method”). Our selection of an accounting policy with respect to the new GILTI tax rules will depend, in part, on analyzing our global income to determine whether we expect to have future U.S. inclusions in taxable income related to GILTI and, if so, what the impact is expected to be. Because whether we expect to have future U.S. inclusions in taxable income related to GILTI depends on not only our current structure and estimated future results of global operations but also our intent and ability to modify our structure and/or our business, we are not yet able to reasonably estimate the effect of this provision of the Act. Therefore, we have not made any adjustments related to potential GILTI tax in our financial statements and have not made a policy decision regarding whether to record deferred taxes on GILTI.

Our income tax provision for 2017 was impacted by the recognition of a $424,000 deferred tax liability resulting from a change in assertion regarding the permanent reinvestment of earnings from two of our Mexican subsidiaries. Prior to our fiscal 2017 second quarter, the accumulated undistributed earnings from such subsidiaries were considered to be permanently reinvested in Mexico. Accordingly, we did not previously record deferred income taxes on these earnings in our financial statements. During our fiscal 2017 second quarter, the strength of the U.S. dollar to the Mexican peso significantly decreased the U.S. tax cost associated with a distribution from the Mexican entities as compared to the U.S. tax cost associated with such a distribution in prior periods. Consequently, we changed our assertion regarding the permanent reinvestment of earnings from these Mexican subsidiaries. Such earnings were no longer considered permanently reinvested as of January 1, 2017. As a result, we repatriated $15.8 million from Mexico to the U.S. during our fiscal 2017, recognized the deferred tax liability resulting from the change in assertion, and concluded that, with some restrictions and tax implications, the remaining current and future accumulated undistributed earnings of these subsidiaries will be available for repatriation in future periods as deemed necessary.

Additionally, our income tax provisions for 2018 and 2017 were affected by the non-controlling interest portion of our pre-tax income. The non-controlling interest impacts the effective tax rate as ADAC-STRATTEC LLC and STRATTEC POWER ACCESS LLC entities are taxed as partnerships for U.S. tax purposes.

Investment in Joint Ventures and Majority Owned Subsidiaries

12 Months Ended

Jul. 01, 2018

Equity Method Investments And Joint Ventures [Abstract]

Investment in Joint Ventures and Majority Owned Subsidiaries

INVESTMENT IN JOINT VENTURES AND MAJORITY OWNED SUBSIDIARIES

We participate in certain Alliance Agreements with WITTE Automotive (“WITTE”) and ADAC Automotive (“ADAC”). WITTE, of Velbert, Germany, is a privately held automotive supplier. WITTE designs, manufactures and markets automotive components, including locks and keys, hood latches, rear compartment latches, seat back latches, door handles and specialty fasteners. WITTE’s primary market for these products has been Europe. ADAC, of Grand Rapids, Michigan, is a privately held automotive supplier and manufactures engineered products, including door handles and other automotive trim parts, utilizing plastic injection molding, automated painting and various assembly processes.

The Alliance Agreements include a set of cross-licensing agreements for the manufacture, distribution and sale of WITTE products by STRATTEC and ADAC in North America, and the manufacture, distribution and sale of STRATTEC and ADAC products by WITTE in Europe. Additionally, a joint venture company, Vehicle Access Systems Technology LLC (“VAST LLC”), in which WITTE, STRATTEC and ADAC each hold a one-third equity interest, exists to seek opportunities to manufacture and sell each company’s products in areas of the world outside of North America and Europe.

VAST LLC has investments in Sistema de Veicular Ltda, VAST Fuzhou, VAST Great Shanghai, VAST Shanghai Co. and Minda-VAST Access Systems. Sistema de Acesso Veicular Ltda is located in Brazil and services customers in South America. VAST Fuzhou, VAST Great Shanghai and VAST Shanghai Co. (collectively known as VAST China), provide a base of operations to service each partner’s automotive customers in the Asian market. VAST LLC also maintains branch offices in South Korea and Japan in support of customer sales and engineering requirements.

Effective April 30, 2015, VAST LLC executed an agreement with Minda Management Services Limited to become a 50:50 joint venture partner in the former Minda-Valeo Security Systems joint venture entity, based in Pune, India. This joint venture entity was renamed Minda-VAST Access Systems (“Minda-VAST”). Minda Management Services Limited is an affiliate of both Minda Corporation Limited and Spark Minda, Ashok Minda Group of New Delhi, India (collectively “Minda”). Minda and its affiliates cater to the needs of all major car, motorcycle, commercial vehicle, tractor and off-road vehicle manufacturers in India. They are a leading manufacturer in the Indian marketplace of security and access products, handles, automotive safety, restraint systems, driver information and telematics systems for both OEMs and the aftermarket.

The VAST LLC investments are accounted for using the equity method of accounting and the results of the VAST LLC foreign subsidiaries and joint venture are reported on a one-month lag basis. The activities related to the VAST LLC joint ventures resulted in equity earnings of joint ventures to STRATTEC of approximately $4.4 million during 2018, equity earnings of joint ventures to STRATTEC of approximately $2.6 million during 2017 and equity loss of joint ventures to STRATTEC of approximately $639,000 during 2016. The 2016 equity loss of joint ventures for VAST LLC included a $6 million impairment charge related to its Minda-VAST Access Systems joint venture in India. STRATTEC’s portion of this impairment charge for 2016 totaled $2 million. During 2018, 2017 and 2016, capital contributions totaling $375,000, $1.2 million and $660,000, respectively, were made to VAST LLC for purposes of funding operations in Brazil. STRATTEC’s portion of the capital contributions totaled $125,000 in 2018, $400,000 in 2017 and $220,000 in 2016.

ADAC-STRATTEC LLC, a Delaware limited liability company, was formed in fiscal year 2007 to support injection molding and door handle assembly operations in Mexico. ADAC-STRATTEC LLC was 51 percent owned by STRATTEC and 49 percent owned by ADAC for all periods presented in this report. An additional Mexican entity, ADAC-STRATTEC de Mexico, is wholly owned by ADAC-STRATTEC LLC. ADAC-STRATTEC LLC’s financial results are consolidated with the financial results of STRATTEC and resulted in increased net income to STRATTEC of approximately $1.8 million in 2018, $3.1 million in 2017 and $2.9 million in 2016. In accordance with the provisions of the ADAC-STRATTEC Credit Facility a capital contribution to ADAC-STRATTEC LLC of $6 million collectively from STRATTEC and ADAC was completed during 2017. STRATTEC’s portion of this capital contribution totaled $3.06 million. No capital contributions to ADAC-STRATTEC LLC were made during 2018 or 2016.

STRATTEC POWER ACCESS LLC (“SPA”) was formed in fiscal year 2009 to supply the North American portion of the power sliding door, lift gate and deck lid system access control products which were acquired from Delphi Corporation. SPA was 80 percent owned by STRATTEC and 20 percent owned by WITTE for all periods presented in this report. An additional Mexican entity, STRATTEC POWER ACCESS de Mexico, is wholly owned by SPA. The financial results of SPA are consolidated with the financial results of STRATTEC and resulted in increased net income to STRATTEC of approximately $2.2 million in 2018, approximately $2.6 million in 2017 and approximately $2.0 million in 2016.

SAL LLC was formed in fiscal 2013 to introduce a new generation of biometric security products based upon the designs of Actuator Systems LLC, our partner and the owner of the remaining ownership interest. SAL LLC was 51 percent owned by STRATTEC for all periods presented in this report. Our investment in SAL LLC, for which we exercise significant influence but do not control and are not the primary beneficiary, is accounted for using the equity method. The activities related to SAL LLC resulted in an equity earnings of joint ventures to STRATTEC of approximately $91,000 in 2018, and equity loss of joint ventures to STRATTEC of approximately $1.9 million in 2017 and $1.6 million in 2016. During all periods presented in this report, 100 percent of the funding for SAL LLC was being made through loans from STRATTEC to SAL LLC and through STRATTEC’s guarantee of the SAL Credit Facility which is discussed herein. Therefore, for all periods presented in this report, even though STRATTEC maintains a 51 percent ownership interest in SAL LLC, STRATTEC recognized 100 percent of the losses of SAL LLC up to our committed financial support through Equity Earnings (Loss) of Joint Ventures in the accompanying Consolidated Statements of Income and Comprehensive Income (Loss). In addition, the equity loss of joint ventures for SAL LLC included the following for the periods presented (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Loss on Loan to SAL LLC	$	—	$	—	$	225
Loss on Guarantee of SAL LLC Credit Facility	$	—	$	—	$	247

During fiscal 2018, we, along with our joint venture partner, reduced operating the business of SAL LLC to winding down and selling only commercial biometric locks.

STRATTEC’s joint venture investments are included in the accompanying Consolidated Balance Sheets as follows (thousands of dollars):

	July 1, 2018		July 2, 2017
Investment in Joint Ventures:
Investment in VAST LLC	$	22,192	$	16,840

Other Current Liabilities:
Investment in SAL LLC	$	458	$	463

See further discussion under Equity Earnings (Loss) of Joint Ventures included in Notes to Financial Statements herein.

Equity Earnings (Loss) of Joint Ventures

12 Months Ended

Jul. 01, 2018

Equity Method Investments And Joint Ventures [Abstract]

Equity Earnings (Loss) of Joint Ventures

EQUITY EARNINGS (LOSS) OF JOINT VENTURES

As discussed above under the note Investment in Joint Ventures and Majority Owned Subsidiaries, we hold a one-third ownership interest in VAST LLC, for which we exercise significant influence but do not control and are not the primary beneficiary. Our investment in VAST LLC is accounted for using the equity method. The results of the VAST LLC foreign subsidiaries and joint venture are reported on a one-month lag basis. The following are summarized statements of operations and summarized balance sheet data for VAST LLC (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017		July 3, 2016
Net sales	$	174,896		$	128,963	$	114,338
Cost of goods sold		134,185			101,910		94,060
Gross profit		40,711			27,053		20,278
Engineering, selling and administrative expense		26,450			19,710		15,866
Impairment charge		—			—		6,000
Income (loss) from operations		14,261			7,343		(1,588	)
Other income (expense), net		1,757			1,662		(115	)
Income (loss) before provision for income taxes		16,018			9,005		(1,703	)
Provision for income taxes		2,632			1,235		168
Net income (loss)	$	13,386		$	7,770	$	(1,871	)
STRATTEC’s share of VAST LLC net
income (loss)	$	4,463		$	2,590	$	(624	)
Intercompany profit eliminations		(22	)		3		(15	)
STRATTEC’s equity earnings (loss) of VAST LLC	$	4,441		$	2,593	$	(639	)

	July 1, 2018		July 2, 2017
Cash and cash equivalents	$	8,959	$	11,757
Receivables, net		43,930		41,942
Inventories, net		20,510		15,185
Other current assets		16,020		11,782
Total current assets		89,419		80,666
Property, plant and equipment, net		42,923		31,017
Other long-term assets		14,974		12,850
Total assets	$	147,316	$	124,533
Current liabilities	$	74,721	$	70,753
Long-term liabilities		5,654		2,960
Total liabilities	$	80,375	$	73,713
Net assets	$	66,941	$	50,820
STRATTEC’s share of VAST LLC net assets	$	22,314	$	16,940

The 2016 equity loss of joint ventures for VAST LLC included a $6 million impairment charge related to its Minda-VAST Access Systems joint venture in India. STRATTEC’s portion of this impairment charge in 2016 totaled $2 million.

As discussed above under the note Investment in Joint Ventures and Majority Owned Subsidiaries, we hold a 51 percent ownership interest in a joint venture company, SAL LLC, which exists to introduce a new generation of biometric security products based upon the designs of Actuator Systems LLC, our partner. SAL LLC had a $1.5 million revolving credit facility with BMO Harris Bank N.A. with a maturity date of February 16, 2016, which was fully guaranteed by STRATTEC. Outstanding borrowings under the SAL Credit Facility as of February 16, 2016 totaled $1.5 million. SAL LLC did not have cash available to pay the outstanding debt balance as of the maturity date. Therefore, STRATTEC made a payment of $1.5 million on its guarantee on February 16, 2016. Prior to making the guarantee payment, STRATTEC had recorded a liability related to the guarantee of $1.5 million at February 16, 2016. STRATTEC’s proportionate share of the guarantee based on our ownership percentage in SAL LLC totaled $765,000 as of February 16, 2016, and accordingly, our investment in SAL LLC included this amount as of this date. Our joint venture partner did not guarantee their proportionate share of the SAL Credit Facility. As a result, we recorded a loss equal to our partner’s proportionate share of the fair value of the STRATTEC guarantee based upon our partner’s ownership interest in the joint venture of $488,000 during fiscal 2015 and $247,000 during 2016. This loss is included in Equity Earnings (Loss) of Joint Ventures for 2016, as applicable, in the accompanying Consolidated Statements of Income and Comprehensive Income (Loss). SAL LLC is considered a variable interest entity based on the STRATTEC guarantee and additional loans from STRATTEC as discussed below. STRATTEC is not the primary beneficiary and does not control the entity. Accordingly, our investment in SAL LLC is accounted for using the equity method.

SAL LLC maintains a license agreement with Westinghouse allowing SAL LLC to do business as Westinghouse Security. This license agreement expired August 16, 2018. Payments due to Westinghouse under the license agreement were guaranteed by STRATTEC. As of July 2, 2017, STRATTEC had recorded a liability equal to the estimated fair value of the future payments due under this guarantee of $250,000. This liability is included in the accompanying Consolidated Balance Sheets in Accrued Liabilities: Other as of July 2, 2017. STRATTEC made a payment to Westinghouse of $250,000 on this guarantee during 2018. STRATTEC’s proportionate share of the guarantee of this payment based on our ownership percentage in SAL LLC totaled $127,000, and accordingly, our investment in SAL LLC was increased by this amount as of July 1, 2018 and July 2, 2017.

Loans were made from STRATTEC to SAL LLC in support of operating expenses and working capital needs. The outstanding loan amounts totaled $2.6 million as of July 2, 2017 and July 3, 2016, respectively. As of July 2, 2017, the outstanding loan amount was eliminated against STRATTEC’s negative Investment in SAL LLC in the preparation of the consolidated financial statements.

Even though we maintain a 51 percent ownership interest in SAL LLC, effective with our fiscal 2015 fourth quarter, 100 percent of the funding for SAL LLC was being made by loans from STRATTEC to SAL LLC. Therefore, STRATTEC began recognizing 100 percent of the losses of SAL LLC up to our committed financial support through Equity Earnings (Loss) of Joint Ventures in the accompanying Consolidated Statements of Income and Comprehensive Income (Loss) effective with our fiscal 2015 fourth quarter.

The following are summarized statements of operations and summarized balance sheet data for SAL LLC (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Net sales	$	89		$	369		$	603
Cost of goods sold		67			610			382
Gross profit (loss)		22			(241	)		221
Engineering, selling and administrative expense		17			1,534			1,311
Earnings (Loss) from operations		5			(1,775	)		(1,090	)
Other expense, net		(258	)		(155	)		(34	)
Net loss	$	(253	)	$	(1,930	)	$	(1,124	)
STRATTEC’s share of SAL LLC earnings (loss)	$	91		$	(1,927	)	$	(1,124	)
Loss on loan to SAL LLC		—			—			(225	)
Loss on guarantee of SAL LLC credit facility		—			—			(247	)
STRATTEC’s equity earnings (loss) of SAL LLC	$	91		$	(1,927	)	$	(1,596	)

	July 1, 2018			July 2, 2017
Cash and cash equivalents	$	5		$	11
Receivables, net		40			11
Inventories, net		87			345
Total assets	$	132		$	367
Current liabilities	$	3,208		$	3,189
Net liabilities	$	(3,076	)	$	(2,822	)
STRATTEC’s share of SAL LLC net liabilities	$	(1,569	)	$	(1,439	)

During fiscal 2018, we, along with our joint venture partner, reduced operating the business of SAL LLC to winding down and selling only commercial biometric locks.

We have sales of component parts to VAST LLC and SAL LLC, purchases of component parts from VAST LLC, expenses charged to VAST LLC for engineering and accounting services and expenses charged from VAST LLC to STRATTEC for general headquarter expenses. The following tables summarize the related party transactions with VAST LLC and SAL LLC for the periods indicated (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Sales to VAST LLC	$	3,151	$	1,966	$	304
Sales to SAL LLC	$	98	$	234	$	363
Purchases from VAST LLC	$	183	$	245	$	149
Expenses charged to VAST LLC	$	984	$	843	$	1,034
Expenses charged from VAST LLC	$	886	$	1,134	$	1,526

	July 1, 2018		July 2, 2017
Accounts receivable from VAST LLC	$	53	$	—
Accounts receivable from SAL LLC ^(A)	$	—	$	—
Current loan receivable from SAL LLC^(A)	$	—	$	—
Long-term loan receivable from VAST LLC	$	—	$	300
Accounts payable to VAST LLC	$	87	$	—

^(A)

As of July 1, 2018, outstanding loan and accounts receivable balances due from SAL LLC to STRATTEC totaled $2.6 million and $82,000, respectively. As of July 2, 2017, outstanding loan and accounts receivable balances due from SAL LLC to STRATTEC totaled $2.6 million and $185,000, respectively. As of July 1, 2018 and July 2, 2017, these outstanding balances have been offset against our investment in SAL LLC, which is included in Other Current Liabilities in the Consolidated Balance Sheet.

Credit Facilities

12 Months Ended

Jul. 01, 2018

Debt Disclosure [Abstract]

Credit Facilities

CREDIT FACILITIES

STRATTEC has a $30 million secured revolving credit facility (the “STRATTEC Credit Facility”) with BMO Harris Bank N.A. ADAC-STRATTEC LLC has a $30 million secured revolving credit facility (the “ADAC-STRATTEC Credit Facility”) with BMO Harris Bank N.A., which is guaranteed by STRATTEC. The ADAC-STRATTEC Credit Facility borrowing limit decreases to $25 million effective July 1, 2019. The credit facilities both expire on August 1, 2020. Borrowings under either credit facility are secured by our U.S. cash balances, accounts receivable, inventory and fixed assets located in the U.S. Interest on borrowings under both credit facilities is at varying rates based at our option, on the LIBOR plus 1.0 percent or the bank’s prime rate. Both credit facilities contain a restrictive financial covenant that requires the applicable borrower to maintain a minimum net worth level. The ADAC-STRATTEC Credit Facility includes an additional restrictive financial covenant that requires the maintenance of a minimum fixed charge coverage ratio. The ADAC-STRATTEC Credit Facility also required that a capital contribution to ADAC-STRATTEC LLC of $6 million collectively from STRATTEC and ADAC be completed by September 30, 2016. This capital contribution was completed as required. STRATTEC’s portion of the capital contribution totaled $3.06 million. As of July 1, 2018, we were in compliance with all financial covenants required by these credit facilities.

Outstanding borrowings under the credit facilities referenced in the above paragraph as of the end of 2018 and 2017 were as follows (thousands of dollars):

	July 1, 2018		July 2, 2017
STRATTEC Credit Facility	$	23,000	$	16,000
ADAC-STRATTEC Credit Facility	$	28,000	$	14,000

Average outstanding borrowings and the weighted average interest rate under each such credit facility during 2018 and 2017 were as follows (thousands of dollars):

	Average Outstanding Borrowings				Weighted Average Interest Rate
	Years Ended				Years Ended
	July 1, 2018		July 2, 2017		July 1, 2018			July 2, 2017
STRATTEC Credit Facility	$	21,668	$	12,490		2.5	%		1.8	%
ADAC-STRATTEC Credit Facility	$	22,621	$	10,865		2.5	%		1.8	%

We believe that the credit facilities referenced above are adequate, along with existing cash balances and cash flow from operations, to meet our anticipated capital expenditure, working capital, dividend and operating expenditure requirements.

Commitments and Contingencies

12 Months Ended

Jul. 01, 2018

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

We are from time to time subject to various legal actions and claims incidental to our business, including those arising out of alleged defects, alleged breaches of contracts, product warranties, intellectual property matters and employment related matters. It is our opinion that the outcome of such matters will not have a material adverse impact on the consolidated financial position, results of operations or cash flows of STRATTEC. With respect to warranty matters, although we cannot ensure that the future costs of warranty claims by customers will not be material, we believe our established reserves are adequate to cover potential warranty settlements.

We have a reserve for estimated costs to remediate an environmental contamination site at our Milwaukee facility. The site was contaminated by a solvent spill, which occurred in 1985, from a former above ground solvent storage tank located on the east side of the facility. The reserve was initially established in 1995. Due to changing technology and related costs associated with active remediation of the site, in fiscal 2010 the reserve was adjusted based on updated third party estimates to adequately cover the cost for active remediation of the contamination. Additionally, in fiscal 2016, STRATTEC obtained updated third party estimates for adequately covering the cost of active remediation of this contamination. Based upon the updated estimates, no further adjustment to the reserve was required. From 1995 through July 1, 2018, costs of approximately $584,000 have been incurred related to the installation of monitoring wells on the property and ongoing monitoring costs. We monitor and evaluate the site with the use of groundwater monitoring wells that are installed on the property. An environmental consultant samples these wells one or two times a year to determine the status of the contamination and the potential for remediation of the contamination by natural attenuation, the dissipation of the contamination over time to concentrations below applicable standards. If such sampling evidences a sufficient degree of and trend toward natural attenuation of the contamination, we may be able to obtain a closure letter from the regulatory authorities resolving the issue without the need for active remediation. If a sufficient degree and trend toward natural attenuation is not evidenced by sampling, a more active form of remediation beyond natural attenuation may be required. The sampling has not yet satisfied all of the requirements for closure by natural attenuation. As a result, sampling continues and the reserve remains at an amount to reflect the estimated cost of active remediation. The reserve is not measured on a discounted basis. We believe, based on findings-to-date and known environmental regulations, that the environmental reserve of $1.3 million at July 1, 2018, is adequate.

At July 1, 2018, we had purchase commitments related to zinc, other purchased parts and natural gas. We also had minimum rental commitments under non-cancelable operating leases with a term in excess of one year. The purchase and minimum rental commitments are payable as follows (thousands of dollars):

	Purchase		Minimum Rental
Fiscal Year	Commitments		Commitments
2019	$	9,195	$	919
2020	$	3,929	$	361
2021	$	—	$	134
2022	$	—	$	91
2023-2024	$	—	$	140

Rental expense under all non-cancelable operating leases was as follows (thousands of dollars):

Fiscal Year	Rental Expense
2018	$	731
2017	$	704
2016	$	691

Income Taxes

12 Months Ended

Jul. 01, 2018

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The provision for income taxes consisted of the following (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Currently payable:
Federal	$	156	$	228	$	18
State		73		3		130
Foreign		812		2,202		1,893
		1,041		2,433		2,041
Deferred tax provision		1,029		1,851		3,027
	$	2,070	$	4,284	$	5,068

The items accounting for the difference between income taxes computed at the Federal statutory tax rate and the provision for income taxes were as follows:

	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
U.S. statutory rate		28.0	%		35.0	%		34.0	%
State taxes, net of Federal tax benefit		1.6			1.2			1.3
Foreign subsidiaries		(0.7	)		(1.1	)		0.6
U.S. taxation on non-U.S. earnings		—			3.8			—
U.S. tax reform: transition tax		(3.0	)		—			—
U.S. tax reform: change in deferred rate		(9.3	)		—			—
Research and development tax credit		(2.5	)		(2.7	)		—
Non-controlling interest		(5.6	)		(9.9	)		(9.3	)
Uncertain tax positions		2.1			0.8			—
Stock based compensation		1.7			0.1			0.2
Other		(0.6	)		(1.1	)		(0.4	)
		11.7	%		26.1	%		26.4	%

The components of deferred tax (liabilities) assets were as follows (thousands of dollars):

	July 1, 2018			July 2, 2017
Unrecognized pension and postretirement benefit plan liabilities	$	6,887		$	11,191
Accrued warranty		517			925
Payroll-related accruals		1,959			2,605
Stock-based compensation		727			1,488
Inventory reserve		799			1,249
Environmental reserve		303			484
Repair and maintenance supply parts reserve		212			333
Allowance for doubtful accounts		118			185
NOL/credit carry-forwards		248			1,669
Postretirement obligations		(375	)		(405	)
Accumulated depreciation		(4,902	)		(6,034	)
Accrued pension obligations		(9,235	)		(14,483	)
Joint ventures		814			808
Other		967			241
	$	(961	)	$	256

Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax basis and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered.

State operating loss and credit carry-forwards at July 1, 2018 resulted in future benefits of approximately $248,000 and expire at varying times between 2024 and 2032. A valuation allowance of $172,000 has been recorded as of July 1, 2018, due to our assessment of the future realization of certain credit carry-forward benefits. We do not currently anticipate having sufficient state taxable income to offset these credit carry-forwards.

Foreign income before the provision for income taxes was $1.1 million in 2018, $5.3 million in 2017 and $6.0 million in 2016. The income tax provision for 2017 included $424,000 related to the recognition of a deferred tax liability resulting from a change in assertion regarding the permanent reinvestment of earnings from two of our Mexican subsidiaries. Prior to 2017, the accumulated undistributed earnings from such subsidiaries were considered to be permanently reinvested in Mexico. Accordingly, we did not previously record deferred income taxes on these earnings in our financial statements. During 2017, the strength of the U.S. dollar to the Mexican peso significantly decreased the U.S. tax cost associated with a distribution from the Mexican entities as compared to the U.S. tax cost associated with such a distribution in prior periods. Consequently, we changed our assertion regarding the permanent reinvestment of earnings from these Mexican subsidiaries. Such earnings are no longer considered permanently reinvested. We repatriated $15.8 million from Mexico to the U.S. during 2017, recognized the deferred tax liability resulting from the change in assertion, and concluded that, with some restrictions and tax implications, the remaining current and future accumulated undistributed earnings of these subsidiaries will be available for repatriation as deemed necessary.

The total liability for unrecognized tax benefits was $796,000 as of July 1, 2018 and $610,000 as of July 2, 2017 and was included in Other Long-term Liabilities in the accompanying Consolidated Balance Sheets. This liability includes approximately $741,000 of unrecognized tax benefits at July 1, 2018 and $571,000 at July 2, 2017 and approximately $55,000 of accrued interest at July 1, 2018 and $39,000 at July 2, 2017. This liability does not include an amount for accrued penalties. The amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was approximately $375,000 at July 1, 2018 and $143,000 at July 2, 2017. We recognize interest and penalties related to unrecognized tax benefits in the provision for income taxes.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended July 1, 2018 and July 2, 2017 (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017
Unrecognized tax benefits, beginning of year	$	571		$	441
Gross increases – tax positions in prior years		101			28
Gross decreases – tax positions in prior years		—			—
Gross increases – current period tax positions		126			177
Tax years closed		(57	)		(75	)
Unrecognized tax benefits, end of year	$	741		$	571

We or one of our subsidiaries files income tax returns in the United States (Federal), Wisconsin (state), Michigan (state) and various other states, Mexico and other foreign jurisdictions. Tax years open to examination by tax authorities under the statute of limitations include fiscal 2015 through 2018 for Federal, fiscal 2011 through 2018 for most states and calendar 2013 through 2017 for foreign jurisdictions.

Retirement Plans and Postretirement Costs

12 Months Ended

Jul. 01, 2018

Compensation And Retirement Disclosure [Abstract]

Retirement Plans and Postretirement Costs

RETIREMENT PLANS AND POSTRETIREMENT COSTS

We have a qualified, noncontributory defined benefit pension plan (“Qualified Pension Plan”) covering substantially all U.S. associates employed by us prior to January 1, 2010. Benefits under the Qualified Pension Plan are based on credited years of service and final average compensation. Our policy is to fund the Qualified Pension Plan with at least the minimum actuarially computed annual contribution required under the Employee Retirement Income Security Act of 1974 (ERISA). Plan assets consist primarily of listed equity and fixed income securities. Effective December 31, 2009, the Board of Directors amended the Qualified Pension Plan to freeze benefit accruals and future eligibility. The Board of Directors has subsequently approved to proceed with the termination of the Qualified Pension Plan. We submitted a request to and received a response from the IRS for a determination letter that the Qualified Pension Plan is qualified for termination. We intend to distribute substantially all of the Qualified Pension Plan assets prior to the end of December 2018. Additionally, in connection with preparing for the termination of the Qualified Pension Plan, we have amended the plan to provide that participants are 100 percent vested in their accrued benefits as of the effective date of the plan termination, to adopt a new standard for disability benefits that will apply when the plan’s assets are distributed due to the termination, to add a lump sum distribution for employees and terminated vested participants who are not in payment status when Qualified Pension Plan assets are distributed due to the termination and to make certain other conforming amendments to the Qualified Pension Plan to comply with applicable laws that may be required by the IRS or may be deemed necessary or advisable to improve the administration of the Qualified Pension Plan or facilitate its termination and liquidation. We will contribute to the Trust Fund for the Qualified Pension Plan as necessary to ensure there are sufficient assets to provide all Qualified Pension Plan benefits as required by the PBGC. The financial impact of the Qualified Pension Plan termination will be recognized as a settlement of the Qualified Pension Plan liabilities. The settlement date and related financial impact may occur during fiscal year 2019 but have not yet been determined and is still subject to final Board approval.

We have historically had in place a noncontributory supplemental executive retirement plan (“SERP”), which prior to January 1, 2014 was a nonqualified defined benefit plan that essentially mirrored the Qualified Pension Plan, but provided benefits in excess of certain limits placed on our Qualified Pension Plan by the Internal Revenue Code. As noted above, we froze our Qualified Pension Plan effective as of December 31, 2009 and the SERP provided benefits to participants as if the Qualified Pension Plan had not been frozen. Because the Qualified Pension Plan was frozen and because new employees were not eligible to participate in the Qualified Pension Plan, our Board of Directors adopted amendments to the SERP on October 8, 2013 that were effective as of December 31, 2013 to simplify the SERP calculation. The SERP is funded through a Rabbi Trust with BMO Harris Bank N.A. Under the amended SERP, participants received an accrued lump-sum benefit as of December 31, 2013 which was credited to each participant’s account. Subsequent to December 31, 2013, each eligible participant receives a supplemental retirement benefit equal to the foregoing lump-sum benefit, plus an annual benefit accrual equal to 8 percent of the participant’s base salary and cash bonus, plus annual credited interest on the participant’s account balance. All then current participants as of December 31, 2013 are fully vested in their account balances with any new individuals participating in the SERP effective on or after January 1, 2014 being subject to a five year vesting period. The SERP, which is considered a defined benefit plan under applicable rules and regulations of the Internal Revenue Code, will continue to be funded through use of a Rabbi Trust to hold investment assets to be used in part to fund any future required lump sum benefit payments to participants. The Rabbi Trust assets had a value of $2.8 million at July 1, 2018 and $2.6 million at July 2, 2017, and are included in Other Long-Term Assets in the accompanying Consolidated Balance Sheets. The projected benefit obligation under the amended SERP was $1.9 million at July 1, 2018 and $1.8 million at July 2, 2017. The SERP liabilities are included in the pension tables below. However, the Rabbi Trust assets are excluded from the tables as they do not qualify as plan assets.

We also sponsor a postretirement health care plan for all U.S. associates hired prior to June 1, 2001. The expected cost of retiree health care benefits is recognized during the years the associates who are covered under the plan render service. Effective January 1, 2010, an amendment to the postretirement health care plan limited the benefit for future eligible retirees to $4,000 per plan year and the benefit is further subject to a maximum five year coverage period based on the associate’s retirement date and age. The postretirement health care plan is unfunded.

Amounts included in accumulated other comprehensive loss, net of tax, at July 1, 2018, which have not yet been recognized in net periodic benefit cost were as follows (thousands of dollars):

	Pension and SERP		Postretirement
Prior service credit	$	—	$	(294	)
Net actuarial loss		16,515		1,927
	$	16,515	$	1,633

Prior service cost (credit) and unrecognized net actuarial losses included in accumulated other comprehensive loss at July 1, 2018 which are expected to be recognized in net periodic benefit cost (credit) in fiscal 2019, net of tax, for the pension, SERP and postretirement plans are as follows (thousands of dollars):

	Pension and SERP		Postretirement
Prior service credit	$	—	$	(336	)
Net actuarial loss		1,272		329
	$	1,272	$	(7	)

The following tables summarize the pension, SERP and postretirement plans’ income and expense, funded status and actuarial assumptions for the years indicated (thousands of dollars). We use a June 30 measurement date for our pension and postretirement plans.

	Pension and SERP Benefits									Postretirement Benefits
	Years Ended									Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016			July 1, 2018			July 2, 2017			July 3, 2016
COMPONENTS OF NET PERIODIC BENEFIT COST (CREDIT):
Service cost	$	66		$	54		$	50		$	13		$	13		$	12
Interest cost		3,857			3,926			4,387			45			55			87
Expected return on plan assets		(6,111	)		(5,854	)		(5,509	)		—			—			—
Amortization of prior service cost (credit)		12			11			11			(764	)		(764	)		(764	)
Amortization of unrecognized net loss		2,035			3,228			2,443			479			538			616
Net periodic benefit cost (credit)	$	(141	)	$	1,365		$	1,382		$	(227	)	$	(158	)	$	(49	)

	Pension and SERP Benefits						Postretirement Benefits
	2018			2017			2018			2017
WEIGHTED-AVERAGE ASSUMPTIONS:
Benefit Obligations:
Discount rate		4.30	%		3.91	%		4.30	%		3.91	%
Rate of compensation increases - SERP		3.0	%		3.0	%	n/a			n/a
Net Periodic Benefit Cost:
Discount rate		3.91	%		3.79	%		3.91	%		3.79	%
Expected return on plan assets		5.45	%		5.45	%	n/a			n/a
Rate of compensation increases - SERP		3.0	%		3.0	%	n/a			n/a
CHANGE IN PROJECTED BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$	101,266		$	106,152		$	1,268		$	1,602
Service cost		66			54			13			13
Interest cost		3,857			3,926			45			55
Actuarial gain		(1,392	)		(4,342	)		(8	)		(80	)
Benefits paid		(4,962	)		(4,524	)		(277	)		(322	)
Benefit obligation at end of year	$	98,835		$	101,266		$	1,041		$	1,268
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year	$	112,524		$	104,460		$	—		$	—
Actual return on plan assets		3,890			7,574			—			—
Employer contribution		14			5,014			277			322
Benefits paid		(4,962	)		(4,524	)		(277	)		(322	)
Fair value of plan assets at end of year	$	111,466		$	112,524		$	—		$	—
Funded status – prepaid (accrued) benefit obligations	$	12,631		$	11,258		$	(1,041	)	$	(1,268	)
AMOUNTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS:
Other long-term assets	$	14,547		$	13,082		$	—		$	—
Accrued payroll and benefits (current liabilities)		(363	)		(332	)		(215	)		(265	)
Accrued benefit obligations (long-term liabilities)		(1,553	)		(1,492	)		(826	)		(1,003	)
Net amount recognized	$	12,631		$	11,258		$	(1,041	)	$	(1,268	)
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:
Net periodic benefit (credit) cost	$	(141	)	$	1,365		$	(227	)	$	(158	)
Net actuarial loss (gain)		828			(6,063	)		(8	)		(80	)
Amortization of prior service (cost) credits		(12	)		(11	)		764			764
Amortization of unrecognized net loss		(2,035	)		(3,228	)		(479	)		(538	)
Total recognized in other comprehensive (income) loss, before tax		(1,219	)		(9,302	)		277			146
Total recognized in net periodic benefit cost and other comprehensive (income) loss, before tax	$	(1,360	)	$	(7,937	)	$	50		$	(12	)

The pension benefits have a separately determined accumulated benefit obligation, which is the actuarial present value of benefits based on service rendered and current and past compensation levels. This differs from the projected benefit obligation in that it includes no assumptions about future compensation levels. The following table summarizes the accumulated benefit obligations and projected benefit obligations for the pension and SERP (thousands of dollars):

	Pension				SERP
	July 1, 2018		July 2, 2017		July 1, 2018		July 2, 2017
Accumulated benefit obligation	$	96,919	$	99,442	$	1,749	$	1,591
Projected benefit obligation	$	96,919	$	99,442	$	1,916	$	1,824

For measurement purposes as it pertains to the estimated obligation associated with retirees prior to January 1, 2010, a 7.4 percent annual rate increase in the per capita cost of covered health care benefits was assumed for fiscal 2019; the rate was assumed to decrease gradually to 4.5 percent by the year 2025 and remain at that level thereafter.

The health care cost trend assumption has a minimal effect on our postretirement benefit amounts reported. A 1% change in the health care cost trend rates would have the following effects (thousands of dollars):

1% Increase

1% Decrease

Effect on total of service and interest cost components

in fiscal 2018

—

Effect on postretirement benefit obligation as of

July 1, 2018

)

We employ a total return investment approach whereby a mix of equities and fixed income investments are used to maximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is established through careful consideration of short and long-term plan liabilities, plan funded status and corporate financial condition. The investment portfolio primarily contains a diversified blend of equity and fixed income investments. Furthermore, equity investments are diversified across U.S. and non-U.S. stocks, as well as growth and value style managers, and small, mid and large market capitalizations. The investment portfolio does not include any real estate holdings. The investment policy of the plan prohibits investment in STRATTEC stock. Investment risk is measured and monitored on an ongoing basis through periodic investment portfolio reviews, annual liability measurements and periodic asset/liability studies. The pension plan weighted-average asset allocations by asset category were as follows for 2018 and 2017:

	Target Allocation			July 1, 2018			July 2, 2017
Equity investments	0-50%				13	%		38	%
Fixed-income investments / cash	50-100				87			62
Total		100	%		100	%		100	%

The following is a summary, by asset category, of the fair value of pension plan assets at the June 30, 2018 and June 30, 2017 measurement dates (thousands of dollars):

	June 30, 2018								June 30, 2017
Asset Category	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	—	$	7,617	$	—	$	7,617	$	—	$	7,233	$	—	$	7,233
Equity securities/funds:
Small cap		—		—		—		—		1,008		—		—		1,008
Mid cap		4,953		—		—		4,953		12,414		—		—		12,414
Large cap		4,945		—		—		4,945		19,961		—		—		19,961
International		4,443		—		—		4,443		8,941		—		—		8,941
Fixed income: Bond funds/bonds		—		89,508		—		89,508		5,718		57,249		—		62,967
Total	$	14,341	$	97,125	$	—	$	111,466	$	48,042	$	64,482	$	—	$	112,524

There were no transfers in or out of Level 3 investments during the measurement year ended June 30, 2018.

The expected long-term rate of return on U.S. pension plan assets used to calculate net periodic benefit cost was 4.05 percent for 2019 and 5.45 percent for 2018. In connection with the planned termination of the Qualified Pension Plan, we have shifted the target asset allocation to 0 - 50 percent public equity and 50 - 100 percent fixed income/cash in 2018 from the previous years’ target allocation of 35 percent public equity and 65 percent fixed income/cash. The 4.05 percent is approximated by applying returns of 10 percent on public equity and 3 percent on fixed income/cash to the target allocation. The actual historical returns are also relevant. Annualized returns for periods ended June 30, 2018 were 2.97 percent for 5 years, 3.98 percent for 10 years, 4.28 percent for 15 years, 4.80 percent for 20 years, 5.21 percent for 25 years and 5.97 percent for 30 years.

We do not expect to make contributions to our qualified pension plan in fiscal 2019. We expect to contribute $364,000 to our SERP and $215,000 to our postretirement health care plan in fiscal 2019. The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid during the fiscal years noted below (thousands of dollars):

	Pension and SERP Benefits		Postretirement Benefits
2019	$	5,719	$	215
2020	$	5,760	$	163
2021	$	6,360	$	146
2022	$	6,411	$	135
2023	$	6,136	$	108
2024-2028	$	31,401	$	254

All U.S. associates may participate in our 401(k) Plan. We contribute 100 percent up to the first 5 percent of eligible compensation that a participant contributes to the plan. Our contributions to the 401(k) Plan were as follows (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Company contributions	$	1,793	$	1,805	$	1,783

Shareholders' Equity	12 Months Ended
Shareholders' Equity	Jul. 01, 2018
Equity [Abstract]
Shareholders' Equity	SHAREHOLDERS’ EQUITY We have 12,000,000 shares of authorized common stock, par value $.01 per share, with 3,635,203 and 3,596,616 shares outstanding at July 1, 2018 and July 2, 2017, respectively. Holders of our common stock are entitled to one vote for each share on all matters voted on by shareholders. Our Board of Directors authorized a stock repurchase program to buy back up to 3,839,395 outstanding shares of our common stock as of July 1, 2018. As of July 1, 2018, 3,655,322 shares have been repurchased under this program at a cost of approximately $136.4 million. No shares were repurchased under this program during 2018 or 2017.

Earnings Per Share (''EPS'')

12 Months Ended

Jul. 01, 2018

Earnings Per Share [Abstract]

Earnings Per Share (''EPS'')

EARNINGS PER SHARE (“EPS”)

Basic earnings per share is computed on the basis of the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the potential dilutive common shares outstanding during the applicable period using the treasury stock method. Potential dilutive common shares include outstanding stock options and unvested restricted stock awards. A reconciliation of the components of the basic and diluted per share computations follows (in thousands, except per share amounts):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Net income attributable to STRATTEC	$	12,283	$	7,197	$	9,149
Less: Income attributable to participating securities		—		1		58
Net income attributable to common shareholders	$	12,283	$	7,196	$	9,091

Weighted average shares of common stock outstanding		3,628		3,588		3,559
Incremental shares – stock based compensation		75		82		62
Diluted weighted average shares of common stock outstanding		3,703		3,670		3,621
Basic earnings per share	$	3.39	$	2.01	$	2.55
Diluted earnings per share	$	3.32	$	1.96	$	2.51

We consider unvested restricted stock that provides the holder with a non-forfeitable right to receive dividends to be a participating security.

Options to purchase shares of common stock that were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive were as follows:

Years Ended	Number of Options Excluded
July 1, 2018		41,200
July 2, 2017		9,010
July 3, 2016		9,010

Stock Option and Purchase Plans

12 Months Ended

Jul. 01, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Option and Purchase Plans

STOCK OPTION AND PURCHASE PLANS

A summary of stock option activity under our stock incentive plan was as follows:

				Weighted Average		Weighted Average Remaining Contractual		Aggregate Intrinsic Value
	Shares			Exercise Price		Term (in years)		(in thousands)
Balance at June 28, 2015		163,907		$	27.97
Exercised		(16,909	)	$	21.55
Terminated		(2,000	)	$	17.59
Balance at July 3, 2016		144,998		$	28.86
Exercised		(6,490	)	$	20.96
Balance at July 2, 2017		138,508		$	29.23
Exercised		(5,434	)	$	25.64
Balance at July 1, 2018		133,074		$	29.37		3.4	$	862
Exercisable as of:
July 1, 2018		133,074		$	29.37		3.4	$	862
July 2, 2017		129,498		$	25.71		4.2	$	1,361
July 3, 2016		103,798		$	21.39		4.6	$	2,174

No options were granted during fiscal 2018, 2017 or 2016.

A summary of restricted stock activity under our stock incentive plan was as follows:

				Weighted Average
				Grant Date
	Shares			Fair Value
Nonvested Balance at June 28, 2015		66,350		$	45.03
Granted		28,750		$	69.02
Vested		(20,300	)	$	23.69
Forfeited		(3,050	)	$	59.92
Nonvested Balance at July 3, 2016		71,750		$	60.05
Granted		27,150		$	43.87
Vested		(21,250	)	$	37.53
Forfeited		(1,800	)	$	58.24
Nonvested Balance at July 2, 2017		75,850		$	60.61
Granted		27,950		$	33.30
Vested		(30,400	)	$	62.99
Forfeited		(4,275	)	$	52.47
Nonvested Balance at July 1, 2018		69,125		$	49.02

We have an Employee Stock Purchase Plan to provide substantially all U.S. full-time associates an opportunity to purchase shares of STRATTEC common stock through payroll deductions. A participant may contribute a maximum of $5,200 per calendar year to the plan. On the last day of each month or if such date is not a trading day on the most recent previous trading day, participant account balances are used to purchase shares of our common stock at the average of the highest and lowest reported sales prices of a share of STRATTEC common stock on the NASDAQ Global Market on such date. A total of 100,000 shares may be issued under the plan. Shares issued from treasury stock under the plan totaled 2,753 at an average price of $37.06 during 2018, 3,019 at an average price of $34.88 during 2017 and 1,948 at an average price of $55.77 during 2016. A total of 61,412 shares remain available for purchase under the plan as of July 1, 2018.

Export Sales

12 Months Ended

Jul. 01, 2018

Segment Reporting [Abstract]

Export Sales

EXPORT SALES

Total export sales, sales from the United States to locations outside of the United States, are summarized as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Export sales	$	157,862		36	%	$	160,275		38	%	$	152,728		38	%

Countries for which customer sales account for ten percent or more of total net sales are summarized as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Export sales into Canada	$	70,920		16	%	$	73,481		18	%	$	74,310		19	%

Product Sales

12 Months Ended

Jul. 01, 2018

Segment Reporting [Abstract]

Product Sales

PRODUCT SALES

Sales by product group were as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Keys & locksets	$	118,256		27	%	$	114,938		28	%	$	113,765		28	%
Door handles & exterior trim		88,788		20			67,722		16			61,376		15
Power access		86,380		20			84,457		20			83,747		21
Driver controls		51,817		12			56,983		14			55,955		14
Aftermarket & OE service		43,311		10			47,216		11			48,200		12
Latches		42,381		9			35,307		8			28,023		7
Other		8,262		2			10,702		3			10,353		3
	$	439,195		100	%	$	417,325		100	%	$	401,419		100	%

Sales and Receivable Concentration

12 Months Ended

Jul. 01, 2018

Segment Reporting Information Receivable [Abstract]

Sales and Receivable Concentration

SALES AND RECEIVABLE CONCENTRATION

Sales to our largest customers were as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Fiat Chrysler Automobiles	$	110,650		25	%	$	100,575		24	%	$	115,858		29	%
General Motors Company		85,827		20			88,624		21			79,893		20
Ford Motor Company		64,427		14			62,314		15			57,317		14
	$	260,904		59	%	$	251,513		60	%	$	253,068		63	%

Receivables from our largest customers were as follows (thousands of dollars and percent of gross receivables):

	July 1, 2018					July 2, 2017
	Receivables		%			Receivables		%
Fiat Chrysler Automobiles	$	19,908		27	%	$	17,107		26	%
General Motors Company		16,366		22			13,395		21
Ford Motor Company		7,537		10			8,644		13
	$	43,811		59	%	$	39,146		60	%

Organization and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jul. 01, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Principles of Consolidation and Presentation

New Accounting Standards

Fiscal Year

Fiscal Year: Our fiscal year ends on the Sunday nearest June 30. The years ended July 1, 2018, July 2, 2017 and July 3, 2016 are comprised of 52, 52 and 53 weeks, respectively.

Use of Estimates

Cash and Cash Equivalents

Derivatives Instruments

The following table quantifies the outstanding Mexican peso forward contracts as of July 1, 2018 (thousands of dollars, except average forward contractual exchange rates):

		Effective Dates		Notional Amount				Average Forward Contractual Exchange Rate				Fair Value
Buy MXP/Sell USD		July 16, 2018 - December 17, 2018		$	6,000				20.02			$	(39	)

The fair market value of all outstanding Mexican peso forward contracts in the accompanying Consolidated Balance Sheets was as follows (thousands of dollars):

	July 1, 2018			July 2, 2017
Not designated as hedging instruments:
Other current (liabilities) assets:
Mexican peso forward contracts	$	(39	)	$	1,121

The pre-tax effects of the Mexican peso forward contracts on the accompanying Consolidated Statements of Income and Comprehensive Income (Loss) consisted of the following (thousands of dollars):

	Other Income, net
	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Not Designated as Hedging Instruments:
Realized gain (loss)	$	1,140		$	(1,650	)	$	(1,196	)
Unrealized (loss) gain	$	(1,160	)	$	2,010		$	(889	)

Fair Value of Financial Instruments

	July 1, 2018								July 2, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Rabbi Trust assets:
Stock index funds:
Small cap	$	298	$	—	$	—	$	298	$	382	$	—	$	—	$	382
Mid cap		286		—		—		286		391		—		—		391
Large cap		562		—		—		562		519		—		—		519
International		793		—		—		793		541		—		—		541
Fixed income funds		850		—		—		850		763		—		—		763
Cash and cash equivalents		—		3		—		3		—		3		—		3
Mexican peso forward contracts		—		—		—		-		—		1,121		—		1,121
Total assets at fair value	$	2,789	$	3	$	—	$	2,792	$	2,596	$	1,124	$	—	$	3,720

Liabilities:
Mexican peso forward contracts	$	—	$	39	$	-	$	39	$	—	$	—	$	—	$	—

Receivables

	Balance, Beginning of Year		Provision for Doubtful Accounts		Net Write-Offs		Balance, End of Year
Year ended July 1, 2018	$	500	$	—	$	—	$	500
Year ended July 2, 2017	$	500	$	—	$	—	$	500
Year ended July 3, 2016	$	500	$	—	$	—	$	500

Inventories

	July 1, 2018			July 2, 2017
Finished products	$	13,410		$	9,976
Work in process		10,059			9,328
Purchased materials		27,185			20,682
		50,654			39,986
Excess and obsolete reserve		(4,000	)		(4,510	)
Inventories, net	$	46,654		$	35,476

	Balance, Beginning of Year		Provision Charged to Expense		Amounts Written Off		Balance, End of Year
Year ended July 1, 2018	$	4,510	$	1,002	$	1,512	$	4,000
Year ended July 2, 2017	$	2,800	$	2,718	$	1,008	$	4,510
Year ended July 3, 2016	$	2,300	$	844	$	344	$	2,800

Customer Tooling in Progress

Repair and Maintenance Supply Parts

	Balance, Beginning of Year		Provision Charged to Expense		Amounts Written Off		Balance, End of Year
Year ended July 1, 2018	$	900	$	201	$	201	$	900
Year ended July 2, 2017	$	700	$	438	$	238	$	900
Year ended July 3, 2016	$	620	$	366	$	286	$	700

Intangibles

	July 1, 2018			July 2, 2017
Patents, engineering drawings and software	$	890		$	890
Less: accumulated amortization		(890	)		(849	)
	$	-		$	41

Property, Plant and Equipment

Classification		Expected Useful Lives
Land improvements		20 years
Buildings and improvements		15 to 35 years
Machinery and equipment		3 to 15 years

Property, plant and equipment consisted of the following (thousands of dollars):

	July 1, 2018			July 2, 2017
Land and improvements	$	5,545		$	4,732
Buildings and improvements		34,483			36,046
Machinery and equipment		229,688			210,741
		269,716			251,519
Less: accumulated depreciation		(153,174	)		(139,928	)
	$	116,542		$	111,591

Depreciation expense was as follows for the periods indicated (thousands of dollars):

Fiscal Year	Depreciation Expense
2018	$	14,544
2017	$	11,319
2016	$	10,022

The gross and net book value of property, plant and equipment located outside of the United States, primarily in Mexico, were as follows (thousands of dollars):

	July 1, 2018		July 2, 2017
Gross book value	$	140,681	$	130,166
Net book value	$	74,364	$	69,652

Supplier Concentrations

Supplier Concentrations: The following inventory purchases were made from major suppliers during each fiscal year noted:

Fiscal Year	Percentage of Inventory Purchases			Number of Suppliers
2018		32	%		5
2017		39	%		7
2016		36	%		6

We have long-term contracts or arrangements with most of our suppliers to guarantee the availability of raw materials and component parts.

Labor Concentrations

Revenue Recognition

Research and Development Costs

Other Income (Expense), Net

	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Foreign currency transaction gain	$	549		$	1,128		$	2,559
Rabbi Trust gain (loss)		193			296			(41	)
Unrealized (loss) gain on Mexican peso forward contracts		(1,160	)		2,010			(889	)
Realized gain (loss) on Mexican peso forward contracts		1,140			(1,650	)		(1,196	)
Pension and postretirement plans credit (cost)		447			(1,140	)		(1,271	)
Other		(149	)		523			235
	$	1,020		$	1,167		$	(603	)

Self Insurance Plans

Changes in the balance sheet amounts for self-insured plans were as follows (thousands of dollars):

	Balance, Beginning of Year		Provision Charged to Expense		Payments		Balance, End of Year
Year ended July 1, 2018	$	420	$	5,784	$	5,784	$	420
Year ended July 2, 2017	$	420	$	5,796	$	5,796	$	420
Year ended July 3, 2016	$	420	$	5,032	$	5,032	$	420

Warranty Reserve

Changes in the warranty reserve were as follows (thousands of dollars):

	Balance, Beginning of Year		Provision (Recoveries) Charged to Expense			Payments		Balance, End of Year
Year ended July 1, 2018	$	5,550	$	2,617		$	367	$	7,800
Year ended July 2, 2017	$	9,228	$	(843	)	$	2,835	$	5,550
Year ended July 3, 2016	$	11,835	$	583		$	3,190	$	9,228

Foreign Currency Translation

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss: Accumulated other comprehensive loss (“AOCL”) was comprised of the following (thousands of dollars):

	July 1, 2018		July 2, 2017		July 3, 2016
Unrecognized pension and postretirement benefit liabilities, net of tax	$	18,148	$	18,750	$	24,518
Foreign currency translation, net of tax		15,291		14,138		13,155
	$	33,439	$	32,888	$	37,673

The following tables summarize the changes in AOCL for the years ended July 1, 2018 and July 2, 2017 (thousands of dollars):

	Year Ended July 1, 2018
	Foreign Currency Translation Adjustments			Retirement and Postretirement Plans			Total
Balance July 2,2017	$	14,138		$	18,750		$	32,888
Other comprehensive loss before reclassifications		2,370			820			3,190
Income Tax		(151	)		(193	)		(344	)
Net other comprehensive loss before reclassifications		2,219			627			2,846
Reclassifications:
Prior service credits (A)		—			752			752
Actuarial gains (A)		—			(2,514	)		(2,514	)
Total reclassifications before tax		—			(1,762	)		(1,762	)
Income Tax		—			533			533
Net reclassifications		—			(1,229	)		(1,229	)
Other comprehensive loss (income)		2,219			(602	)		1,617
Other comprehensive loss attributable
to non-controlling interest		1,066			—			1,066
Balance July 1, 2018	$	15,291		$	18,148		$	33,439

	Year ended July 2, 2017
	Foreign Currency Translation Adjustments			Retirement and Postretirement Plans			Total
Balance July 3, 2016	$	13,155		$	24,518		$	37,673
Other comprehensive loss before reclassifications		534			(6,142	)		(5,608	)
Income Tax		(108	)		2,272			2,164
Net other comprehensive loss before reclassifications		426			(3,870	)		(3,444	)
Reclassifications:
Prior service credits (A)		—			753			753
Actuarial gains (A)		—			(3,766	)		(3,766	)
Total reclassifications before tax		—			(3,013	)		(3,013	)
Income Tax		—			1,115			1,115
Net reclassifications		—			(1,898	)		(1,898	)
Other comprehensive loss (income)		426			(5,768	)		(5,342	)
Other comprehensive income attributable to non-controlling interest		(557	)		—			(557	)
Balance July 2, 2017	$	14,138		$	18,750		$	32,888

(A)

Accounting For Stock-Based Compensation

Compensation

Cost

Weighted Average

Period over

which Cost is to be

Recognized

(in years)

Restricted stock granted

1,092

0.9

Unrecognized compensation cost will be adjusted for any future changes in estimated and actual forfeitures.

Cash received from stock option exercises and the related income tax benefit were as follows (thousands of dollars):

Fiscal Year	Cash Received from Stock Option Exercises		Income Tax Benefit
2018	$	139	$	—
2017	$	136	$	25
2016	$	364	$	196

The intrinsic value of stock options exercised and the fair value of options vested were as follows (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Intrinsic value of options exercised	$	110	$	115	$	529
Fair value of stock options vested	$	315	$	566	$	331

No options were granted during the fiscal years ended July 1, 2018, July 2, 2017 or July 3, 2016.

The range of options outstanding as of July 1, 2018 was as follows:

	Number of Options Outstanding/ Exercisable	Weighted Average Exercise Price Outstanding/ Exercisable	Weighted Average Remaining Contractual Life Outstanding (In Years)
$10.92-$18.49	42,214/42,214	$15.36/$15.36	1.2
$26.53-$38.71	81,850/81,850	$31.06/$31.06	4.2
$79.73	9,010/9,010	$79.73/$79.73	6.1
		$29.37/$29.37

Income Taxes

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jul. 01, 2018

Schedule of Quantification of Outstanding Mexican Peso Forward Contracts

The following table quantifies the outstanding Mexican peso forward contracts as of July 1, 2018 (thousands of dollars, except average forward contractual exchange rates):

		Effective Dates		Notional Amount				Average Forward Contractual Exchange Rate				Fair Value
Buy MXP/Sell USD		July 16, 2018 - December 17, 2018		$	6,000				20.02			$	(39	)

Fair Market Value of All Outstanding Peso Forward Contracts

The fair market value of all outstanding Mexican peso forward contracts in the accompanying Consolidated Balance Sheets was as follows (thousands of dollars):

	July 1, 2018			July 2, 2017
Not designated as hedging instruments:
Other current (liabilities) assets:
Mexican peso forward contracts	$	(39	)	$	1,121

Pre-Tax Effects of the Peso Forward Contracts

The pre-tax effects of the Mexican peso forward contracts on the accompanying Consolidated Statements of Income and Comprehensive Income (Loss) consisted of the following (thousands of dollars):

	Other Income, net
	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Not Designated as Hedging Instruments:
Realized gain (loss)	$	1,140		$	(1,650	)	$	(1,196	)
Unrealized (loss) gain	$	(1,160	)	$	2,010		$	(889	)

Summary of Financial Assets and Liabilities at Fair Value on Recurring Basis

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of July 1, 2018 and July 2, 2017 (thousands of dollars)

	July 1, 2018								July 2, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Rabbi Trust assets:
Stock index funds:
Small cap	$	298	$	—	$	—	$	298	$	382	$	—	$	—	$	382
Mid cap		286		—		—		286		391		—		—		391
Large cap		562		—		—		562		519		—		—		519
International		793		—		—		793		541		—		—		541
Fixed income funds		850		—		—		850		763		—		—		763
Cash and cash equivalents		—		3		—		3		—		3		—		3
Mexican peso forward contracts		—		—		—		-		—		1,121		—		1,121
Total assets at fair value	$	2,789	$	3	$	—	$	2,792	$	2,596	$	1,124	$	—	$	3,720

Liabilities:
Mexican peso forward contracts	$	—	$	39	$	-	$	39	$	—	$	—	$	—	$	—

Changes in the Allowance for Doubtful Accounts

Changes in the allowance for doubtful accounts were as follows (thousands of dollars)

	Balance, Beginning of Year		Provision for Doubtful Accounts		Net Write-Offs		Balance, End of Year
Year ended July 1, 2018	$	500	$	—	$	—	$	500
Year ended July 2, 2017	$	500	$	—	$	—	$	500
Year ended July 3, 2016	$	500	$	—	$	—	$	500

Inventories

Inventories consisted of the following (thousands of dollars):

	July 1, 2018			July 2, 2017
Finished products	$	13,410		$	9,976
Work in process		10,059			9,328
Purchased materials		27,185			20,682
		50,654			39,986
Excess and obsolete reserve		(4,000	)		(4,510	)
Inventories, net	$	46,654		$	35,476

The activity related to the excess and obsolete inventory reserve was as follows (thousands of dollars)

	Balance, Beginning of Year		Provision Charged to Expense		Amounts Written Off		Balance, End of Year
Year ended July 1, 2018	$	4,510	$	1,002	$	1,512	$	4,000
Year ended July 2, 2017	$	2,800	$	2,718	$	1,008	$	4,510
Year ended July 3, 2016	$	2,300	$	844	$	344	$	2,800

Schedule Of Activity Related To Repair And Maintenance Supply Parts Reserve

The activity related to the repair and maintenance supply parts reserve was as follows (thousands of dollars)

	Balance, Beginning of Year		Provision Charged to Expense		Amounts Written Off		Balance, End of Year
Year ended July 1, 2018	$	900	$	201	$	201	$	900
Year ended July 2, 2017	$	700	$	438	$	238	$	900
Year ended July 3, 2016	$	620	$	366	$	286	$	700

Intangible Assets Carrying Value and Accumulated Amortization

The carrying value and accumulated amortization for these assets were as follows (thousands of dollars)

	July 1, 2018			July 2, 2017
Patents, engineering drawings and software	$	890		$	890
Less: accumulated amortization		(890	)		(849	)
	$	-		$	41

Property, Plant and Equipment, Useful Lives of Assets

Property, plant and equipment are stated at cost. Property, plant and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets as follows:

Classification		Expected Useful Lives
Land improvements		20 years
Buildings and improvements		15 to 35 years
Machinery and equipment		3 to 15 years

Property, Plant and Equipment

Property, plant and equipment consisted of the following (thousands of dollars):

	July 1, 2018			July 2, 2017
Land and improvements	$	5,545		$	4,732
Buildings and improvements		34,483			36,046
Machinery and equipment		229,688			210,741
		269,716			251,519
Less: accumulated depreciation		(153,174	)		(139,928	)
	$	116,542		$	111,591

Schedule of Depreciation Expenses

Depreciation expense was as follows for the periods indicated (thousands of dollars):

Fiscal Year	Depreciation Expense
2018	$	14,544
2017	$	11,319
2016	$	10,022

Inventory Purchase from Major Suppliers

Supplier Concentrations: The following inventory purchases were made from major suppliers during each fiscal year noted

Fiscal Year	Percentage of Inventory Purchases			Number of Suppliers
2018		32	%		5
2017		39	%		7
2016		36	%		6

Summary of Other Income (Expense) Net

The impact of these items for the periods presented was as follows (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Foreign currency transaction gain	$	549		$	1,128		$	2,559
Rabbi Trust gain (loss)		193			296			(41	)
Unrealized (loss) gain on Mexican peso forward contracts		(1,160	)		2,010			(889	)
Realized gain (loss) on Mexican peso forward contracts		1,140			(1,650	)		(1,196	)
Pension and postretirement plans credit (cost)		447			(1,140	)		(1,271	)
Other		(149	)		523			235
	$	1,020		$	1,167		$	(603	)

Changes In Balance Sheet Amounts Under Self Insured Plans

Changes in the balance sheet amounts for self-insured plans were as follows (thousands of dollars)

	Balance, Beginning of Year		Provision Charged to Expense		Payments		Balance, End of Year
Year ended July 1, 2018	$	420	$	5,784	$	5,784	$	420
Year ended July 2, 2017	$	420	$	5,796	$	5,796	$	420
Year ended July 3, 2016	$	420	$	5,032	$	5,032	$	420

Changes in Warranty Reserve

Changes in the warranty reserve were as follows (thousands of dollars):

	Balance, Beginning of Year		Provision (Recoveries) Charged to Expense			Payments		Balance, End of Year
Year ended July 1, 2018	$	5,550	$	2,617		$	367	$	7,800
Year ended July 2, 2017	$	9,228	$	(843	)	$	2,835	$	5,550
Year ended July 3, 2016	$	11,835	$	583		$	3,190	$	9,228

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss: Accumulated other comprehensive loss (“AOCL”) was comprised of the following (thousands of dollars):

	July 1, 2018		July 2, 2017		July 3, 2016
Unrecognized pension and postretirement benefit liabilities, net of tax	$	18,148	$	18,750	$	24,518
Foreign currency translation, net of tax		15,291		14,138		13,155
	$	33,439	$	32,888	$	37,673

Summary of Changes in Accumulated Other Comprehensive Loss

The following tables summarize the changes in AOCL for the years ended July 1, 2018 and July 2, 2017 (thousands of dollars):

	Year Ended July 1, 2018
	Foreign Currency Translation Adjustments			Retirement and Postretirement Plans			Total
Balance July 2,2017	$	14,138		$	18,750		$	32,888
Other comprehensive loss before reclassifications		2,370			820			3,190
Income Tax		(151	)		(193	)		(344	)
Net other comprehensive loss before reclassifications		2,219			627			2,846
Reclassifications:
Prior service credits (A)		—			752			752
Actuarial gains (A)		—			(2,514	)		(2,514	)
Total reclassifications before tax		—			(1,762	)		(1,762	)
Income Tax		—			533			533
Net reclassifications		—			(1,229	)		(1,229	)
Other comprehensive loss (income)		2,219			(602	)		1,617
Other comprehensive loss attributable
to non-controlling interest		1,066			—			1,066
Balance July 1, 2018	$	15,291		$	18,148		$	33,439

	Year ended July 2, 2017
	Foreign Currency Translation Adjustments			Retirement and Postretirement Plans			Total
Balance July 3, 2016	$	13,155		$	24,518		$	37,673
Other comprehensive loss before reclassifications		534			(6,142	)		(5,608	)
Income Tax		(108	)		2,272			2,164
Net other comprehensive loss before reclassifications		426			(3,870	)		(3,444	)
Reclassifications:
Prior service credits (A)		—			753			753
Actuarial gains (A)		—			(3,766	)		(3,766	)
Total reclassifications before tax		—			(3,013	)		(3,013	)
Income Tax		—			1,115			1,115
Net reclassifications		—			(1,898	)		(1,898	)
Other comprehensive loss (income)		426			(5,768	)		(5,342	)
Other comprehensive income attributable to non-controlling interest		(557	)		—			(557	)
Balance July 2, 2017	$	14,138		$	18,750		$	32,888

(A)

Schedule of Unrecognized Compensation Cost

Unrecognized compensation cost as of July 1, 2018 related to restricted stock granted under the plan was as follows (thousands of dollars):

Compensation

Cost

Weighted Average

Period over

which Cost is to be

Recognized

(in years)

Restricted stock granted

1,092

0.9

Cash Received from Stock Option Exercises and Related Income Tax Benefit

Cash received from stock option exercises and the related income tax benefit were as follows (thousands of dollars):

Fiscal Year	Cash Received from Stock Option Exercises		Income Tax Benefit
2018	$	139	$	—
2017	$	136	$	25
2016	$	364	$	196

Intrinsic Value of Stock Options Exercised and Fair Value Of Stock Options Vested

The intrinsic value of stock options exercised and the fair value of options vested were as follows (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Intrinsic value of options exercised	$	110	$	115	$	529
Fair value of stock options vested	$	315	$	566	$	331

Range of Options Outstanding

The range of options outstanding as of July 1, 2018 was as follows

	Number of Options Outstanding/ Exercisable	Weighted Average Exercise Price Outstanding/ Exercisable	Weighted Average Remaining Contractual Life Outstanding (In Years)
$10.92-$18.49	42,214/42,214	$15.36/$15.36	1.2
$26.53-$38.71	81,850/81,850	$31.06/$31.06	4.2
$79.73	9,010/9,010	$79.73/$79.73	6.1
		$29.37/$29.37

MEXICO

Property, Plant and Equipment

The gross and net book value of property, plant and equipment located outside of the United States, primarily in Mexico, were as follows (thousands of dollars):

	July 1, 2018		July 2, 2017
Gross book value	$	140,681	$	130,166
Net book value	$	74,364	$	69,652

Investment in Joint Ventures and Majority Owned Subsidiaries (Tables)

12 Months Ended

Jul. 01, 2018

Equity Method Investments And Joint Ventures [Abstract]

Investment in Joint Ventures and Majority Owned Subsidiaries

In addition, the equity loss of joint ventures for SAL LLC included the following for the periods presented (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Loss on Loan to SAL LLC	$	—	$	—	$	225
Loss on Guarantee of SAL LLC Credit Facility	$	—	$	—	$	247

STRATTEC’s joint venture investments are included in the accompanying Consolidated Balance Sheets as follows (thousands of dollars):

	July 1, 2018		July 2, 2017
Investment in Joint Ventures:
Investment in VAST LLC	$	22,192	$	16,840

Other Current Liabilities:
Investment in SAL LLC	$	458	$	463

Equity Earnings (Loss) of Joint Ventures (Tables)

12 Months Ended

Jul. 01, 2018

VAST LLC

Summarized Statements of Operations and Balance Sheet Data

The following are summarized statements of operations and summarized balance sheet data for VAST LLC (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017		July 3, 2016
Net sales	$	174,896		$	128,963	$	114,338
Cost of goods sold		134,185			101,910		94,060
Gross profit		40,711			27,053		20,278
Engineering, selling and administrative expense		26,450			19,710		15,866
Impairment charge		—			—		6,000
Income (loss) from operations		14,261			7,343		(1,588	)
Other income (expense), net		1,757			1,662		(115	)
Income (loss) before provision for income taxes		16,018			9,005		(1,703	)
Provision for income taxes		2,632			1,235		168
Net income (loss)	$	13,386		$	7,770	$	(1,871	)
STRATTEC’s share of VAST LLC net
income (loss)	$	4,463		$	2,590	$	(624	)
Intercompany profit eliminations		(22	)		3		(15	)
STRATTEC’s equity earnings (loss) of VAST LLC	$	4,441		$	2,593	$	(639	)

	July 1, 2018		July 2, 2017
Cash and cash equivalents	$	8,959	$	11,757
Receivables, net		43,930		41,942
Inventories, net		20,510		15,185
Other current assets		16,020		11,782
Total current assets		89,419		80,666
Property, plant and equipment, net		42,923		31,017
Other long-term assets		14,974		12,850
Total assets	$	147,316	$	124,533
Current liabilities	$	74,721	$	70,753
Long-term liabilities		5,654		2,960
Total liabilities	$	80,375	$	73,713
Net assets	$	66,941	$	50,820
STRATTEC’s share of VAST LLC net assets	$	22,314	$	16,940

SAL LLC

Summarized Statements of Operations and Balance Sheet Data

The following are summarized statements of operations and summarized balance sheet data for SAL LLC (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
Net sales	$	89		$	369		$	603
Cost of goods sold		67			610			382
Gross profit (loss)		22			(241	)		221
Engineering, selling and administrative expense		17			1,534			1,311
Earnings (Loss) from operations		5			(1,775	)		(1,090	)
Other expense, net		(258	)		(155	)		(34	)
Net loss	$	(253	)	$	(1,930	)	$	(1,124	)
STRATTEC’s share of SAL LLC earnings (loss)	$	91		$	(1,927	)	$	(1,124	)
Loss on loan to SAL LLC		—			—			(225	)
Loss on guarantee of SAL LLC credit facility		—			—			(247	)
STRATTEC’s equity earnings (loss) of SAL LLC	$	91		$	(1,927	)	$	(1,596	)

	July 1, 2018			July 2, 2017
Cash and cash equivalents	$	5		$	11
Receivables, net		40			11
Inventories, net		87			345
Total assets	$	132		$	367
Current liabilities	$	3,208		$	3,189
Net liabilities	$	(3,076	)	$	(2,822	)
STRATTEC’s share of SAL LLC net liabilities	$	(1,569	)	$	(1,439	)

VAST LLC and SAL LLC

Summarize of Related Party Transaction

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Sales to VAST LLC	$	3,151	$	1,966	$	304
Sales to SAL LLC	$	98	$	234	$	363
Purchases from VAST LLC	$	183	$	245	$	149
Expenses charged to VAST LLC	$	984	$	843	$	1,034
Expenses charged from VAST LLC	$	886	$	1,134	$	1,526

	July 1, 2018		July 2, 2017
Accounts receivable from VAST LLC	$	53	$	—
Accounts receivable from SAL LLC ^(A)	$	—	$	—
Current loan receivable from SAL LLC^(A)	$	—	$	—
Long-term loan receivable from VAST LLC	$	—	$	300
Accounts payable to VAST LLC	$	87	$	—

^(A)

Credit Facilities (Tables)

12 Months Ended

Jul. 01, 2018

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 2018 and 2017 were as follows (thousands of dollars):

	July 1, 2018		July 2, 2017
STRATTEC Credit Facility	$	23,000	$	16,000
ADAC-STRATTEC Credit Facility	$	28,000	$	14,000

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 2018 and 2017 were as follows (thousands of dollars):

	Average Outstanding Borrowings				Weighted Average Interest Rate
	Years Ended				Years Ended
	July 1, 2018		July 2, 2017		July 1, 2018			July 2, 2017
STRATTEC Credit Facility	$	21,668	$	12,490		2.5	%		1.8	%
ADAC-STRATTEC Credit Facility	$	22,621	$	10,865		2.5	%		1.8	%

Commitments and Contingencies (Tables)

12 Months Ended

Jul. 01, 2018

Commitments And Contingencies Disclosure [Abstract]

Purchase and Minimum Rental Commitments Under Non-Cancelable Operating Leases

	Purchase		Minimum Rental
Fiscal Year	Commitments		Commitments
2019	$	9,195	$	919
2020	$	3,929	$	361
2021	$	—	$	134
2022	$	—	$	91
2023-2024	$	—	$	140

Rental Expense Under Non-Cancelable Operating Leases

Rental expense under all non-cancelable operating leases was as follows (thousands of dollars):

Fiscal Year	Rental Expense
2018	$	731
2017	$	704
2016	$	691

Income Taxes (Tables)

12 Months Ended

Jul. 01, 2018

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

The provision for income taxes consisted of the following (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Currently payable:
Federal	$	156	$	228	$	18
State		73		3		130
Foreign		812		2,202		1,893
		1,041		2,433		2,041
Deferred tax provision		1,029		1,851		3,027
	$	2,070	$	4,284	$	5,068

Difference Between Income Taxes Computed at the Federal Statutory Tax Rate and the Provision for Income Taxes

The items accounting for the difference between income taxes computed at the Federal statutory tax rate and the provision for income taxes were as follows:

	Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016
U.S. statutory rate		28.0	%		35.0	%		34.0	%
State taxes, net of Federal tax benefit		1.6			1.2			1.3
Foreign subsidiaries		(0.7	)		(1.1	)		0.6
U.S. taxation on non-U.S. earnings		—			3.8			—
U.S. tax reform: transition tax		(3.0	)		—			—
U.S. tax reform: change in deferred rate		(9.3	)		—			—
Research and development tax credit		(2.5	)		(2.7	)		—
Non-controlling interest		(5.6	)		(9.9	)		(9.3	)
Uncertain tax positions		2.1			0.8			—
Stock based compensation		1.7			0.1			0.2
Other		(0.6	)		(1.1	)		(0.4	)
		11.7	%		26.1	%		26.4	%

Components of Deferred Tax (Liabilities) Assets

The components of deferred tax (liabilities) assets were as follows (thousands of dollars):

	July 1, 2018			July 2, 2017
Unrecognized pension and postretirement benefit plan liabilities	$	6,887		$	11,191
Accrued warranty		517			925
Payroll-related accruals		1,959			2,605
Stock-based compensation		727			1,488
Inventory reserve		799			1,249
Environmental reserve		303			484
Repair and maintenance supply parts reserve		212			333
Allowance for doubtful accounts		118			185
NOL/credit carry-forwards		248			1,669
Postretirement obligations		(375	)		(405	)
Accumulated depreciation		(4,902	)		(6,034	)
Accrued pension obligations		(9,235	)		(14,483	)
Joint ventures		814			808
Other		967			241
	$	(961	)	$	256

Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended July 1, 2018 and July 2, 2017 (thousands of dollars):

	Years Ended
	July 1, 2018			July 2, 2017
Unrecognized tax benefits, beginning of year	$	571		$	441
Gross increases – tax positions in prior years		101			28
Gross decreases – tax positions in prior years		—			—
Gross increases – current period tax positions		126			177
Tax years closed		(57	)		(75	)
Unrecognized tax benefits, end of year	$	741		$	571

Retirement Plans and Postretirement Costs (Tables)

12 Months Ended

Jul. 01, 2018

Compensation And Retirement Disclosure [Abstract]

Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax

Amounts included in accumulated other comprehensive loss, net of tax, at July 1, 2018, which have not yet been recognized in net periodic benefit cost were as follows (thousands of dollars):

	Pension and SERP		Postretirement
Prior service credit	$	—	$	(294	)
Net actuarial loss		16,515		1,927
	$	16,515	$	1,633

Amounts Included in Accumulated Other Comprehensive Loss Expected to be Recognized, Net of Tax

	Pension and SERP		Postretirement
Prior service credit	$	—	$	(336	)
Net actuarial loss		1,272		329
	$	1,272	$	(7	)

Summary of Pension Supplemental Executive Retirement Plan and Postretirement Plans Income and Expense

	Pension and SERP Benefits									Postretirement Benefits
	Years Ended									Years Ended
	July 1, 2018			July 2, 2017			July 3, 2016			July 1, 2018			July 2, 2017			July 3, 2016
COMPONENTS OF NET PERIODIC BENEFIT COST (CREDIT):
Service cost	$	66		$	54		$	50		$	13		$	13		$	12
Interest cost		3,857			3,926			4,387			45			55			87
Expected return on plan assets		(6,111	)		(5,854	)		(5,509	)		—			—			—
Amortization of prior service cost (credit)		12			11			11			(764	)		(764	)		(764	)
Amortization of unrecognized net loss		2,035			3,228			2,443			479			538			616
Net periodic benefit cost (credit)	$	(141	)	$	1,365		$	1,382		$	(227	)	$	(158	)	$	(49	)

	Pension and SERP Benefits						Postretirement Benefits
	2018			2017			2018			2017
WEIGHTED-AVERAGE ASSUMPTIONS:
Benefit Obligations:
Discount rate		4.30	%		3.91	%		4.30	%		3.91	%
Rate of compensation increases - SERP		3.0	%		3.0	%	n/a			n/a
Net Periodic Benefit Cost:
Discount rate		3.91	%		3.79	%		3.91	%		3.79	%
Expected return on plan assets		5.45	%		5.45	%	n/a			n/a
Rate of compensation increases - SERP		3.0	%		3.0	%	n/a			n/a
CHANGE IN PROJECTED BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$	101,266		$	106,152		$	1,268		$	1,602
Service cost		66			54			13			13
Interest cost		3,857			3,926			45			55
Actuarial gain		(1,392	)		(4,342	)		(8	)		(80	)
Benefits paid		(4,962	)		(4,524	)		(277	)		(322	)
Benefit obligation at end of year	$	98,835		$	101,266		$	1,041		$	1,268
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year	$	112,524		$	104,460		$	—		$	—
Actual return on plan assets		3,890			7,574			—			—
Employer contribution		14			5,014			277			322
Benefits paid		(4,962	)		(4,524	)		(277	)		(322	)
Fair value of plan assets at end of year	$	111,466		$	112,524		$	—		$	—
Funded status – prepaid (accrued) benefit obligations	$	12,631		$	11,258		$	(1,041	)	$	(1,268	)
AMOUNTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS:
Other long-term assets	$	14,547		$	13,082		$	—		$	—
Accrued payroll and benefits (current liabilities)		(363	)		(332	)		(215	)		(265	)
Accrued benefit obligations (long-term liabilities)		(1,553	)		(1,492	)		(826	)		(1,003	)
Net amount recognized	$	12,631		$	11,258		$	(1,041	)	$	(1,268	)
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:
Net periodic benefit (credit) cost	$	(141	)	$	1,365		$	(227	)	$	(158	)
Net actuarial loss (gain)		828			(6,063	)		(8	)		(80	)
Amortization of prior service (cost) credits		(12	)		(11	)		764			764
Amortization of unrecognized net loss		(2,035	)		(3,228	)		(479	)		(538	)
Total recognized in other comprehensive (income) loss, before tax		(1,219	)		(9,302	)		277			146
Total recognized in net periodic benefit cost and other comprehensive (income) loss, before tax	$	(1,360	)	$	(7,937	)	$	50		$	(12	)

The Accumulated Benefit Obligations and Projected Benefit Obligations for the Pension and SERP

The following table summarizes the accumulated benefit obligations and projected benefit obligations for the pension and SERP (thousands of dollars):

	Pension				SERP
	July 1, 2018		July 2, 2017		July 1, 2018		July 2, 2017
Accumulated benefit obligation	$	96,919	$	99,442	$	1,749	$	1,591
Projected benefit obligation	$	96,919	$	99,442	$	1,916	$	1,824

Minimal Effect of Health Care Trend on our Postretirement Benefit

1% Increase

1% Decrease

Effect on total of service and interest cost components

in fiscal 2018

—

Effect on postretirement benefit obligation as of

July 1, 2018

)

Schedule of Asset Allocations of Pension Plan

The pension plan weighted-average asset allocations by asset category were as follows for 2018 and 2017:

	Target Allocation			July 1, 2018			July 2, 2017
Equity investments	0-50%				13	%		38	%
Fixed-income investments / cash	50-100				87			62
Total		100	%		100	%		100	%

The following is a summary, by asset category, of the fair value of pension plan assets at the June 30, 2018 and June 30, 2017 measurement dates (thousands of dollars):

	June 30, 2018								June 30, 2017
Asset Category	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	—	$	7,617	$	—	$	7,617	$	—	$	7,233	$	—	$	7,233
Equity securities/funds:
Small cap		—		—		—		—		1,008		—		—		1,008
Mid cap		4,953		—		—		4,953		12,414		—		—		12,414
Large cap		4,945		—		—		4,945		19,961		—		—		19,961
International		4,443		—		—		4,443		8,941		—		—		8,941
Fixed income: Bond funds/bonds		—		89,508		—		89,508		5,718		57,249		—		62,967
Total	$	14,341	$	97,125	$	—	$	111,466	$	48,042	$	64,482	$	—	$	112,524

Expected Future Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid during the fiscal years noted below (thousands of dollars):

	Pension and SERP Benefits		Postretirement Benefits
2019	$	5,719	$	215
2020	$	5,760	$	163
2021	$	6,360	$	146
2022	$	6,411	$	135
2023	$	6,136	$	108
2024-2028	$	31,401	$	254

Schedule of 401(k) Plan Contribution

Our contributions to the 401(k) Plan were as follows (thousands of dollars):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Company contributions	$	1,793	$	1,805	$	1,783

Earnings Per Share (''EPS'') (Tables)

12 Months Ended

Jul. 01, 2018

Earnings Per Share [Abstract]

Reconciliation of the Components of Basic and Diluted Per Share

A reconciliation of the components of the basic and diluted per share computations follows (in thousands, except per share amounts):

	Years Ended
	July 1, 2018		July 2, 2017		July 3, 2016
Net income attributable to STRATTEC	$	12,283	$	7,197	$	9,149
Less: Income attributable to participating securities		—		1		58
Net income attributable to common shareholders	$	12,283	$	7,196	$	9,091

Weighted average shares of common stock outstanding		3,628		3,588		3,559
Incremental shares – stock based compensation		75		82		62
Diluted weighted average shares of common stock outstanding		3,703		3,670		3,621
Basic earnings per share	$	3.39	$	2.01	$	2.55
Diluted earnings per share	$	3.32	$	1.96	$	2.51

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Options to purchase shares of common stock that were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive were as follows:

Years Ended	Number of Options Excluded
July 1, 2018		41,200
July 2, 2017		9,010
July 3, 2016		9,010

Stock Option and Purchase Plans (Tables)

12 Months Ended

Jul. 01, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity Under Our Stock Incentive Plan

A summary of stock option activity under our stock incentive plan was as follows:

				Weighted Average		Weighted Average Remaining Contractual		Aggregate Intrinsic Value
	Shares			Exercise Price		Term (in years)		(in thousands)
Balance at June 28, 2015		163,907		$	27.97
Exercised		(16,909	)	$	21.55
Terminated		(2,000	)	$	17.59
Balance at July 3, 2016		144,998		$	28.86
Exercised		(6,490	)	$	20.96
Balance at July 2, 2017		138,508		$	29.23
Exercised		(5,434	)	$	25.64
Balance at July 1, 2018		133,074		$	29.37		3.4	$	862
Exercisable as of:
July 1, 2018		133,074		$	29.37		3.4	$	862
July 2, 2017		129,498		$	25.71		4.2	$	1,361
July 3, 2016		103,798		$	21.39		4.6	$	2,174

Summary of Restricted Stock Activity Under Our Stock Incentive Plan

A summary of restricted stock activity under our stock incentive plan was as follows:

				Weighted Average
				Grant Date
	Shares			Fair Value
Nonvested Balance at June 28, 2015		66,350		$	45.03
Granted		28,750		$	69.02
Vested		(20,300	)	$	23.69
Forfeited		(3,050	)	$	59.92
Nonvested Balance at July 3, 2016		71,750		$	60.05
Granted		27,150		$	43.87
Vested		(21,250	)	$	37.53
Forfeited		(1,800	)	$	58.24
Nonvested Balance at July 2, 2017		75,850		$	60.61
Granted		27,950		$	33.30
Vested		(30,400	)	$	62.99
Forfeited		(4,275	)	$	52.47
Nonvested Balance at July 1, 2018		69,125		$	49.02

Export Sales (Tables)

12 Months Ended

Jul. 01, 2018

Schedule of Sales to Locations Outside of the United States

Total export sales, sales from the United States to locations outside of the United States, are summarized as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Export sales	$	157,862		36	%	$	160,275		38	%	$	152,728		38	%

Geographic Concentration Risk | Canada

Schedule of Sales to Locations Outside of the United States

Countries for which customer sales account for ten percent or more of total net sales are summarized as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Export sales into Canada	$	70,920		16	%	$	73,481		18	%	$	74,310		19	%

Product Sales (Tables)

12 Months Ended

Jul. 01, 2018

Segment Reporting [Abstract]

Schedule of Product Sales

Sales by product group were as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Keys & locksets	$	118,256		27	%	$	114,938		28	%	$	113,765		28	%
Door handles & exterior trim		88,788		20			67,722		16			61,376		15
Power access		86,380		20			84,457		20			83,747		21
Driver controls		51,817		12			56,983		14			55,955		14
Aftermarket & OE service		43,311		10			47,216		11			48,200		12
Latches		42,381		9			35,307		8			28,023		7
Other		8,262		2			10,702		3			10,353		3
	$	439,195		100	%	$	417,325		100	%	$	401,419		100	%

Sales and Receivable Concentration (Tables)

12 Months Ended

Jul. 01, 2018

Segment Reporting Information Receivable [Abstract]

Sales to Largest Customers

Sales to our largest customers were as follows (thousands of dollars and percent of total net sales):

						Years Ended
	July 1, 2018					July 2, 2017					July 3, 2016
	Net Sales		%			Net Sales		%			Net Sales		%
Fiat Chrysler Automobiles	$	110,650		25	%	$	100,575		24	%	$	115,858		29	%
General Motors Company		85,827		20			88,624		21			79,893		20
Ford Motor Company		64,427		14			62,314		15			57,317		14
	$	260,904		59	%	$	251,513		60	%	$	253,068		63	%

Receivables from Largest Customers

Receivables from our largest customers were as follows (thousands of dollars and percent of gross receivables):

	July 1, 2018					July 2, 2017
	Receivables		%			Receivables		%
Fiat Chrysler Automobiles	$	19,908		27	%	$	17,107		26	%
General Motors Company		16,366		22			13,395		21
Ford Motor Company		7,537		10			8,644		13
	$	43,811		59	%	$	39,146		60	%

Organization and Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Jul. 01, 2018 USD ($) Subsidiary Joint_Venture Segment Associates shares	Jul. 02, 2017 USD ($) shares	Jul. 03, 2016 USD ($) shares	Jun. 28, 2015 USD ($)	Jun. 30, 2013
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of reporting segments related to STRATTEC Security Corporation \| Segment	1
Fiscal year duration	364 days	364 days	371 days
Fair value, assets, level 1 to level 2 transfers, amount	$ 0	$ 0
Gross balance of the repair and maintenance supply parts inventory	3,800,000	3,700,000
Intangible amortization expense	41,000	99,000	$ 99,000
Property, plant and equipment impairment	$ 0	0	0
Number of full time associates \| Associates	4,420
Number of associates represented by labor union \| Associates	260
Percentage of associate represent by labor union	5.90%
Research and development expenditures	$ 4,800,000	4,600,000	430,000
Per individual per calendar year health coverage stop loss limit	$ 150,000	$ 150,000	$ 150,000	$ 150,000
Options, granted \| shares	0	0	0
Employee Stock Option
Organization And Summary Of Significant Accounting Policies [Line Items]
Options expires after date of grant	10 years
Omnibus Stock Incentive Plan
Organization And Summary Of Significant Accounting Policies [Line Items]
Share based compensation arrangement by share based payment award number of shares authorized \| shares	1,850,000
Shares of common stock available for grant \| shares	133,074
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Customer model life production for which production equipment spare parts need to be maintained	12 years
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 \| Prior to August 2015
Organization And Summary Of Significant Accounting Policies [Line Items]
Vesting period after the date of grant	3 years
Minimum \| Restricted stock \| August 2015 and Thereafter
Organization And Summary Of Significant Accounting Policies [Line Items]
Vesting period after the date of grant	1 year
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Customer model life production for which production equipment spare parts need to be maintained	15 years
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 \| Prior to August 2015
Organization And Summary Of Significant Accounting Policies [Line Items]
Vesting period after the date of grant	5 years
Maximum \| Restricted stock \| August 2015 and Thereafter
Organization And Summary Of Significant Accounting Policies [Line Items]
Vesting period after the date of grant	5 years
Mexican Peso Forward Contracts
Organization And Summary Of Significant Accounting Policies [Line Items]
Forward contract settlement dates, beginning	Oct. 16, 2015
Forward contract settlement dates, ending	Dec. 17, 2018
Reclassification from Cost of Goods Sold and Engineering, Selling and Administrative Expenses to Other Income, Net \| Engineering, selling and administrative expenses
Organization And Summary Of Significant Accounting Policies [Line Items]
Effect of adoption of new accounting guidance		$ 347,000	$ 370,000
Reclassification from Cost of Goods Sold and Engineering, Selling and Administrative Expenses to Other Income, Net \| Cost of goods sold
Organization And Summary Of Significant Accounting Policies [Line Items]
Effect of adoption of new accounting guidance		$ 793,000	$ 901,000
SAL, LLC
Organization And Summary Of Significant Accounting Policies [Line Items]
STRATTEC's percentage ownership in joint venture	51.00%				51.00%
VAST LLC
Organization And Summary Of Significant Accounting Policies [Line Items]
STRATTEC's percentage ownership in joint venture	33.33%
VAST LLC \| CHINA
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of wholly owned subsidiaries \| Subsidiary	3
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

Organization and Summary of Significant Accounting Policies - Schedule of Quantification of Outstanding Mexican Peso Forward Contracts (Details) - Currency buy sell under contract one	12 Months Ended
	Jul. 01, 2018 USD ($) $ / $
Derivative [Line Items]
Effective Dates, Beginning	Jul. 16, 2018
Effective Dates, Ending	Dec. 17, 2018
Notional Amount	$ 6,000,000
Average Forward Contractual Exchange Rate \| $ / $	20.02
Fair Value	$ (39,000)

Organization and Summary of Significant Accounting Policies - Fair Market Value of All Outstanding Peso Forward Contracts (Details) - Other Current (Liabilities) Assets - Mexican Peso Forward Contracts - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Not designated as hedging instruments:
Fair market value of derivative instruments	$ (39)
Fair market value of derivative instruments		$ 1,121

Organization and Summary of Significant Accounting Policies - Pre-Tax Effects of the Peso Forward Contracts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Pre-tax effects of the Mexican peso forward contracts
Realized gain (loss)	$ 1,140	$ (1,650)	$ (1,196)
Unrealized (loss) gain	(1,160)	2,010	(889)
Not Designated as Hedging Instrument \| Other Income (Expense), Net
Pre-tax effects of the Mexican peso forward contracts
Realized gain (loss)	1,140	(1,650)	(1,196)
Unrealized (loss) gain	$ (1,160)	$ 2,010	$ (889)

Organization and Summary of Significant Accounting Policies (Details 1) - Fair Value Measurements Recurring - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	$ 2,792	$ 3,720
Fixed Income Funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	850	763
Stock Index Funds \| Small Cap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	298	382
Stock Index Funds \| Mid Cap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	286	391
Stock Index Funds \| Large Cap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	562	519
Stock Index Funds \| International
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	793	541
Cash and Cash Equivalents
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	3	3
Mexican Peso Forward Contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value		1,121
Total Liabilities at Fair Value	39
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	2,789	2,596
Level 1 \| Fixed Income Funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	850	763
Level 1 \| Stock Index Funds \| Small Cap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	298	382
Level 1 \| Stock Index Funds \| Mid Cap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	286	391
Level 1 \| Stock Index Funds \| Large Cap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	562	519
Level 1 \| Stock Index Funds \| International
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	793	541
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	3	1,124
Level 2 \| Cash and Cash Equivalents
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value	3	3
Level 2 \| Mexican Peso Forward Contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total Assets at Fair Value		$ 1,121
Total Liabilities at Fair Value	$ 39

Organization and Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Changes in the allowance for doubtful accounts
Balance, Beginning of Year	$ 500	$ 500	$ 500
Provision for Doubtful Accounts	0	0	0
Net Write-Offs	0	0	0
Balance, End of Year	$ 500	$ 500	$ 500

Organization and Summary of Significant Accounting Policies (Details 3) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016	Jun. 28, 2015
Inventories
Finished products	$ 13,410	$ 9,976
Work in process	10,059	9,328
Purchased materials	27,185	20,682
Inventory, Gross, Total	50,654	39,986
Excess and obsolete reserve	(4,000)	(4,510)	$ (2,800)	$ (2,300)
Inventories, net	$ 46,654	$ 35,476

Organization and Summary of Significant Accounting Policies (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Activity related to the excess and obsolete inventory reserve
Balance, Beginning of Year	$ 4,510	$ 2,800	$ 2,300
Provision Charged to Expense	1,002	2,718	844
Amounts Written Off	1,512	1,008	344
Balance, End of Year	$ 4,000	$ 4,510	$ 2,800

Organization and Summary of Significant Accounting Policies (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Activity related to the repair and maintenance supply parts reserve
Balance, Beginning of Year	$ 900	$ 700	$ 620
Provision Charged to Expense	201	438	366
Amounts Written Off	201	238	286
Balance, End of Year	$ 900	$ 900	$ 700

Organization and Summary of Significant Accounting Policies (Details 6) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Intangible assets carrying value and accumulated amortization
Patents, engineering drawings and software	$ 890	$ 890
Less: accumulated amortization	$ (890)	(849)
Total		$ 41

Organization and Summary of Significant Accounting Policies (Details 7)	12 Months Ended
	Jul. 01, 2018
Land improvements
Estimated useful lives of the assets
Expected Useful Lives	20 years
Minimum \| Buildings and improvements
Estimated useful lives of the assets
Expected Useful Lives	15 years
Minimum \| Machinery and equipment
Estimated useful lives of the assets
Expected Useful Lives	3 years
Maximum \| Buildings and improvements
Estimated useful lives of the assets
Expected Useful Lives	35 years
Maximum \| Machinery and equipment
Estimated useful lives of the assets
Expected Useful Lives	15 years

Organization and Summary of Significant Accounting Policies (Details 8) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Property, plant and equipment
Gross	$ 269,716	$ 251,519
Less: accumulated depreciation	(153,174)	(139,928)
Total	116,542	111,591
Land and improvements
Property, plant and equipment
Gross	5,545	4,732
Buildings and improvements
Property, plant and equipment
Gross	34,483	36,046
Machinery and equipment
Property, plant and equipment
Gross	$ 229,688	$ 210,741

Organization and Summary of Significant Accounting Policies (Details 10) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Gross and net book value of property plant and equipment
Property, plant and equipment, gross	$ 269,716	$ 251,519
Property, plant and equipment, net	116,542	111,591
MEXICO
Gross and net book value of property plant and equipment
Property, plant and equipment, gross	140,681	130,166
Property, plant and equipment, net	$ 74,364	$ 69,652

Organization and Summary of Significant Accounting Policies (Details 12) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Other Income and Expenses [Abstract]
Foreign currency transaction gain	$ 549	$ 1,128	$ 2,559
Rabbi Trust gain (loss)	193	296	(41)
Unrealized (loss) gain on Mexican peso forward contracts	(1,160)	2,010	(889)
Realized gain (loss) on Mexican peso forward contracts	1,140	(1,650)	(1,196)
Pension and postretirement plans credit (cost)	447	(1,140)	(1,271)
Other	(149)	523	235
Other income (expense), net	$ 1,020	$ 1,167	$ (603)

Organization and Summary of Significant Accounting Policies (Details 13) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Changes in balance sheet amounts under self insured plans
Balance, Beginning of Year	$ 420	$ 420	$ 420
Provision Charged to Expense	5,784	5,796	5,032
Payments	5,784	5,796	5,032
Balance, End of Year	$ 420	$ 420	$ 420

Organization and Summary of Significant Accounting Policies (Details 14) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Changes in warranty reserve
Balance, Beginning of Year	$ 5,550	$ 9,228	$ 11,835
Provision (Recoveries) Charged to Expense	2,617	(843)	583
Payments	367	2,835	3,190
Balance, End of Year	$ 7,800	$ 5,550	$ 9,228

Organization and Summary of Significant Accounting Policies (Details 15) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Accumulated other comprehensive loss
Unrecognized pension and postretirement benefit liabilities, net of tax	$ 18,148	$ 18,750	$ 24,518
Foreign currency translation, net of tax	15,291	14,138	13,155
Accumulated other comprehensive loss, total	$ 33,439	$ 32,888	$ 37,673

Organization and Summary of Significant Accounting Policies (Details 16) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	$ (172,714)	$ (154,512)	$ (152,401)
Other comprehensive loss before reclassifications	3,190	(5,608)
Retirement and Postretirement Plan Reclassification Adjustment, Income Tax Amount	(344)	2,164
Net other comprehensive loss before reclassifications	2,846	(3,444)
Reclassifications:
Prior service credits	752	753
Actuarial gains	(2,514)	(3,766)
Total reclassifications before tax	(1,762)	(3,013)
Retirement and Postretirement Plans Reclassifications, Income Tax	533	1,115
Net reclassifications	(1,229)	(1,898)
Other comprehensive loss (income)	1,617	(5,342)	11,128
Ending balance	(183,246)	(172,714)	(154,512)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	14,138	13,155
Other comprehensive loss before reclassifications	2,370	534
Retirement and Postretirement Plan Reclassification Adjustment, Income Tax Amount	(151)	(108)
Net other comprehensive loss before reclassifications	2,219	426
Reclassifications:
Other comprehensive loss (income)	2,219	426
Other comprehensive loss (income) attributable to non-controlling interest	1,066	(557)
Ending balance	15,291	14,138	13,155
Retirement and Postretirement Benefit Plans
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	18,750	24,518
Other comprehensive loss before reclassifications	820	(6,142)
Retirement and Postretirement Plan Reclassification Adjustment, Income Tax Amount	(193)	2,272
Net other comprehensive loss before reclassifications	627	(3,870)
Reclassifications:
Prior service credits	752	753
Actuarial gains	(2,514)	(3,766)
Total reclassifications before tax	(1,762)	(3,013)
Retirement and Postretirement Plans Reclassifications, Income Tax	533	1,115
Net reclassifications	(1,229)	(1,898)
Other comprehensive loss (income)	(602)	(5,768)
Ending balance	18,148	18,750	24,518
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	32,888	37,673	26,859
Reclassifications:
Ending balance	33,439	32,888	$ 37,673
AOCI Including Portion Attributable to Noncontrolling Interest
Reclassifications:
Other comprehensive loss (income)	1,617	(5,342)
AOCI Attributable to Noncontrolling Interest
Reclassifications:
Other comprehensive loss (income) attributable to non-controlling interest	$ 1,066	$ (557)

Organization and Summary of Significant Accounting Policies (Details 17) - Restricted stock $ in Thousands	12 Months Ended
	Jul. 01, 2018 USD ($)
Unrecognized compensation cost related to stock options and restricted stock granted under the plan
Compensation Cost	$ 1,092
Weighted Average Period Over Which Cost is to be Recognized (in years)	10 months 24 days

Organization and Summary of Significant Accounting Policies (Details 18) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jun. 28, 2016
Cash Received From Stock Option Exercises And Related Income Tax Benefit
Cash Received from Stock Option Exercises	$ 139	$ 136	$ 364
Income Tax Benefit		$ 25	$ 196

Organization and Summary of Significant Accounting Policies (Details 19) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Intrinsic value of stock options exercised and the fair value of stock options vested
Intrinsic value of options exercised	$ 110	$ 115	$ 529
Fair value of stock options vested	$ 315	$ 566	$ 331

Organization and Summary of Significant Accounting Policies (Details 21)	12 Months Ended
	Jul. 01, 2018 $ / shares shares
Range of options outstanding
Weighted Average Exercise Price Outstanding	$ 29.37
Weighted Average Exercise Price Exercisable	$ 29.37
Exercise Price Range One
Range of options outstanding
Number of Options Outstanding \| shares	42,214
Number of Options Exercisable \| shares	42,214
Weighted Average Exercise Price Outstanding	$ 15.36
Weighted Average Exercise Price Exercisable	$ 15.36
Weighted Average Remaining Contractual Life Outstanding (In Years)	1 year 2 months 12 days
Exercise Price Range, Lower Range Limit	$ 10.92
Exercise Price Range, Upper Range Limit	$ 18.49
Exercise Price Range Two
Range of options outstanding
Number of Options Outstanding \| shares	81,850
Number of Options Exercisable \| shares	81,850
Weighted Average Exercise Price Outstanding	$ 31.06
Weighted Average Exercise Price Exercisable	$ 31.06
Weighted Average Remaining Contractual Life Outstanding (In Years)	4 years 2 months 12 days
Exercise Price Range, Lower Range Limit	$ 26.53
Exercise Price Range, Upper Range Limit	$ 38.71
Exercise Price Range Three
Range of options outstanding
Number of Options Outstanding \| shares	9,010
Number of Options Exercisable \| shares	9,010
Weighted Average Exercise Price Outstanding	$ 79.73
Weighted Average Exercise Price Exercisable	$ 79.73
Weighted Average Remaining Contractual Life Outstanding (In Years)	6 years 1 month 6 days
Exercise Price Range	$ 79.73

Organization and Summary of Significant Accounting Policies (Details 22)	3 Months Ended	6 Months Ended		12 Months Ended
	Jul. 01, 2018 USD ($)	Jul. 02, 2018	Jul. 01, 2018 USD ($)	Jul. 01, 2018 USD ($)	Jul. 02, 2017 USD ($) Subsidiary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Impact of change in measurement of deferred tax assets resulting in a favourable provision impact				$ 1,600,000
One-time transition tax on non-previoulsy accumulated foreign earnings resulting in a net favourable impact				500,000
One-time transition tax on non-previoulsy accumulated foreign earnings resulting in a net favourable impact including transition tax offset amount				1,400,000
Offset by the reversal of net deferred tax liability balances	$ 1,900,000		$ 1,900,000	1,900,000
Impact of changing our annualized effective tax rate, resulting in a favourable provision impact				$ 900,000
Measurement period adjustments	$ 1,600,000		$ 2,000,000
MEXICO
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Deferred tax liability, undistributed forreign earnings					$ 424,000
Number of subsidiaries for which we changed our permanent reinvestment assertion \| Subsidiary					2
Foreign earnings repatriated					$ 15,800,000
2017 Tax Cuts and Jobs Act
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
U.S. Federal statutory tax rate effective January 1, 2018, which impacted our fiscal 2018 annual effective tax rate recorded in the current period		21.00%
Period, in years, over which the one-time transition tax on deemed repatriated earnings of foreign subsidiaries is payable				8 years
Blended federal statutory tax rate				28.00%
Overall net tax benefit recorded as a result of the 2017 Tax Cuts and Jobs Act				$ 3,000,000

Investment in Joint Ventures and Majority Owned Subsidiaries (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 28, 2015	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016	Jun. 30, 2013	Apr. 30, 2015	Jun. 28, 2009	Jul. 01, 2007
Schedule Of Equity Method Investments [Line Items]
Equity earnings (loss) of joint ventures		$ 4,532,000	$ 666,000	$ (2,235,000)
Payments to acquire interest in joint venture		$ 125,000	$ 400,000	$ 1,720,000
ADAC-STRATTEC LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in less than wholly owned consolidated subsidiary		51.00%	51.00%	51.00%				51.00%
Income (loss) from majority owned subsidiaries, impact on net income		$ 1,800,000	$ 3,100,000	$ 2,900,000
Capital contribution from registrant during the period as required under the credit agreement			3,060,000
Capital contribution from partners during the period as required under the credit agreement		$ 0	$ 6,000,000	$ 0
STRATTEC POWER ACCESS LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in less than wholly owned consolidated subsidiary		80.00%	80.00%	80.00%			80.00%
Income (loss) from majority owned subsidiaries, impact on net income		$ 2,200,000	$ 2,600,000	$ 2,000,000
VAST LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in equity method investment		33.33%
Equity earnings (loss) of joint ventures		$ 4,441,000	2,593,000	(639,000)
Payments to acquire interest in joint venture		$ 375,000	1,200,000	660,000
VAST LLC \| MINDA-VAST ACCESS SYSTEMS
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in equity method investment						50.00%
Impairment charge				6,000,000
VAST LLC \| STRATTEC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in equity method investment		33.30%
Payments to acquire interest in joint venture		$ 125,000	400,000	220,000
Impairment charge				2,000,000
SAL LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in equity method investment		51.00%			51.00%
Equity earnings (loss) of joint ventures		$ 91,000	$ (1,927,000)	$ (1,596,000)
Percentage of funding in joint venture through loans	100.00%	100.00%	100.00%	100.00%	100.00%
Percentage of losses of joint venture, up to committed financial support, recognized by STRATTEC	100.00%	100.00%	100.00%	100.00%	100.00%
ADAC \| ADAC-STRATTEC LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in less than wholly owned consolidated subsidiary		49.00%	49.00%	49.00%				49.00%
ADAC \| VAST LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in equity method investment		33.30%
WITTE \| STRATTEC POWER ACCESS LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in less than wholly owned consolidated subsidiary		20.00%	20.00%	20.00%			20.00%
WITTE \| VAST LLC
Schedule Of Equity Method Investments [Line Items]
Percentage ownership interest in equity method investment		33.30%

Investment in Joint Ventures And Majority Owned Subsidiaries (Details) - SAL LLC $ in Thousands	12 Months Ended
	Jul. 03, 2016 USD ($)
Schedule Of Equity Method Investments [Line Items]
Loss on loan from STRATTEC to SAL LLC	$ 225
Loss on Guarantee of SAL LLC Credit Facility	$ 247

Investment in Joint Ventures And Majority Owned Subsidiaries (Details1) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Schedule Of Equity Method Investments [Line Items]
Investment in VAST LLC	$ 22,192	$ 16,840
VAST LLC
Schedule Of Equity Method Investments [Line Items]
Investment in VAST LLC	22,192	16,840
SAL LLC
Schedule Of Equity Method Investments [Line Items]
Other Current Liabilities	$ 458	$ 463

Equity Earnings (Loss) of Joint Ventures (Details Textual) - USD ($)		3 Months Ended	12 Months Ended
	Feb. 16, 2016	Jun. 28, 2015	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016	Jun. 28, 2015	Jun. 30, 2013
Schedule Of Equity Method Investments [Line Items]
Repayments of borrowings under credit facility			$ 3,000,000	$ 26,000,000	$ 16,500,000
VAST LLC
Schedule Of Equity Method Investments [Line Items]
STRATTEC's percentage ownership in joint venture			33.33%
Impairment charge					6,000,000
VAST LLC \| STRATTEC
Schedule Of Equity Method Investments [Line Items]
STRATTEC's percentage ownership in joint venture			33.30%
Impairment charge					2,000,000
VAST LLC \| MINDA-VAST ACCESS SYSTEMS
Schedule Of Equity Method Investments [Line Items]
Impairment charge					6,000,000
SAL LLC
Schedule Of Equity Method Investments [Line Items]
STRATTEC's percentage ownership in joint venture			51.00%				51.00%
Loss on Guarantee of STRATEC Advanced Logic, LLC Credit facility					247,000
Outstanding balance on loan from STRATTEC to equity method investment				$ 2,600,000	$ 2,600,000
Percentage of funding in joint venture through loans		100.00%	100.00%	100.00%	100.00%		100.00%
Percentage of losses of joint venture, up to committed financial support, recognized by STRATTEC		100.00%	100.00%	100.00%	100.00%		100.00%
SAL LLC \| Westinghouse Agreement
Schedule Of Equity Method Investments [Line Items]
Guarantee liability				$ 250,000
License agreement expired date			Aug. 16, 2018
SAL LLC \| STRATTEC Advanced Logic Credit Facility
Schedule Of Equity Method Investments [Line Items]
Secured revolving credit facility	$ 1,500,000
Credit facility maturity date				Feb. 16, 2016
Outstanding borrowings under the credit facility	1,500,000
SAL LLC \| STRATTEC Advanced Logic Credit Facility \| Registrant's Guarantee of STRATTEC Advanced Logic Credit Facility
Schedule Of Equity Method Investments [Line Items]
Repayments of borrowings under credit facility	1,500,000
Guarantee liability	1,500,000
STRATTEC's proportionate share of guarantor obligations	$ 765,000
Loss on Guarantee of STRATEC Advanced Logic, LLC Credit facility					$ 247,000	$ 488,000
SAL LLC \| STRATTEC \| Westinghouse Agreement
Schedule Of Equity Method Investments [Line Items]
Guarantee liability				$ 127,000

Equity Earnings (Loss) of Joint Ventures (Details) - USD ($)	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Summarized statements of operations
Equity (loss) earnings of joint ventures	$ 4,532,000	$ 666,000	$ (2,235,000)
VAST LLC
Summarized statements of operations
Net sales	174,896,000	128,963,000	114,338,000
Cost of goods sold	134,185,000	101,910,000	94,060,000
Gross profit	40,711,000	27,053,000	20,278,000
Engineering, selling and administrative expense	26,450,000	19,710,000	15,866,000
Impairment charge			6,000,000
Income (loss) from operations	14,261,000	7,343,000	(1,588,000)
Other income (expense), net	1,757,000	1,662,000	(115,000)
Income (loss) before provision for income taxes	16,018,000	9,005,000	(1,703,000)
Provision for income taxes	2,632,000	1,235,000	168,000
Net income (loss)	13,386,000	7,770,000	(1,871,000)
STRATTEC’s share of VAST LLC net income (loss)	4,463,000	2,590,000	(624,000)
Intercompany profit eliminations	(22,000)	3,000	(15,000)
Equity (loss) earnings of joint ventures	4,441,000	2,593,000	(639,000)
SAL LLC
Summarized statements of operations
Net sales	89,000	369,000	603,000
Cost of goods sold	67,000	610,000	382,000
Gross profit	22,000	(241,000)	221,000
Engineering, selling and administrative expense	17,000	1,534,000	1,311,000
Income (loss) from operations	5,000	(1,775,000)	(1,090,000)
Other income (expense), net	(258,000)	(155,000)	(34,000)
Net income (loss)	(253,000)	(1,930,000)	(1,124,000)
STRATTEC’s share of SAL LLC earnings (loss)	91,000	(1,927,000)	(1,124,000)
Loss on loan to SAL LLC			(225,000)
Loss on guarantee of SAL LLC credit facility			(247,000)
Equity (loss) earnings of joint ventures	$ 91,000	$ (1,927,000)	$ (1,596,000)

Equity Earnings (Loss) of Joint Ventures (Details 1) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
VAST LLC
Summarized balance sheets
Cash and cash equivalents	$ 8,959	$ 11,757
Receivables, net	43,930	41,942
Inventories, net	20,510	15,185
Other current assets	16,020	11,782
Total current assets	89,419	80,666
Property, plant and equipment, net	42,923	31,017
Other long-term assets	14,974	12,850
Total assets	147,316	124,533
Current liabilities	74,721	70,753
Long-term liabilities	5,654	2,960
Total liabilities	80,375	73,713
Net assets	66,941	50,820
STRATTEC’s share of VAST LLC net assets (liabilities)	22,314	16,940
SAL LLC
Summarized balance sheets
Cash and cash equivalents	5	11
Receivables, net	40	11
Inventories, net	87	345
Total assets	132	367
Current liabilities	3,208	3,189
Net liabilities	(3,076)	(2,822)
STRATTEC’s share of VAST LLC net assets (liabilities)	$ (1,569)	$ (1,439)

Equity Earnings (Loss) of Joint Ventures (Details 2) - Equity Method Investee - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
VAST LLC
Schedule Of Equity Method Investments [Line Items]
Sales to Joint Venture	$ 3,151	$ 1,966	$ 304
Purchases from VAST LLC	183	245	149
Expenses charged to VAST LLC	984	843	1,034
Expenses charged from VAST LLC	886	1,134	1,526
Accounts receivable from joint venture entity	53
Long-term loan receivable from VAST LLC		300
Accounts payable to VAST LLC	87
SAL LLC
Schedule Of Equity Method Investments [Line Items]
Sales to Joint Venture	$ 98	$ 234	$ 363

Equity Earnings (Loss) of Joint Ventures (Parenthetical) (Details 2) - SAL LLC - Equity Method Investee - USD ($)	Jul. 01, 2018	Jul. 02, 2017
Schedule Of Equity Method Investments [Line Items]
Outstanding loan due from SAL LLC to STRATTEC	$ 2,600,000	$ 2,600,000
Accounts receivable balances due from SAL LLC to STRATTEC	$ 82,000	$ 185,000

Credit Facilities (Details Textual) - USD ($)		12 Months Ended
Credit Facilities (Details Textual) - USD ($)	Sep. 30, 2016	Jul. 01, 2018	Jul. 01, 2019
STRATTEC Credit Facility
Line Of Credit Facility [Line Items]
Secured revolving credit facility		$ 30,000,000
Credit facility maturity date		Aug. 01, 2020
Interest rate on borrowings under the credit facility		LIBOR plus 1.0 percent or the bank’s prime rate
Interest rate - percentage points added to LIBOR - on borrowings under credit facility		1.00%
ADAC-STRATTEC Credit Facility
Line Of Credit Facility [Line Items]
Secured revolving credit facility		$ 30,000,000
Credit facility maturity date		Aug. 01, 2020
Interest rate on borrowings under the credit facility		LIBOR plus 1.0 percent or the bank’s prime rate
Interest rate - percentage points added to LIBOR - on borrowings under credit facility		1.00%
Capital contribution from partners during the period as required under the credit agreement	$ 6,000,000
ADAC-STRATTEC Credit Facility \| STRATTEC
Line Of Credit Facility [Line Items]
Capital contribution from registrant during the period as required under the credit agreement	$ 3,060,000
ADAC-STRATTEC Credit Facility \| Scenario Forecast
Line Of Credit Facility [Line Items]
Secured revolving credit facility			$ 25,000,000

Credit Facilities (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Line Of Credit Facility [Line Items]
Outstanding Borrowing	$ 51,000	$ 30,000
STRATTEC Credit Facility
Line Of Credit Facility [Line Items]
Outstanding Borrowing	23,000	16,000
ADAC-STRATTEC Credit Facility
Line Of Credit Facility [Line Items]
Outstanding Borrowing	$ 28,000	$ 14,000

- Definition

The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a 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. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Credit Facilities (Details 1) - USD ($) $ in Thousands	12 Months Ended
Credit Facilities (Details 1) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
STRATTEC Credit Facility
Line Of Credit Facility [Line Items]
Average Outstanding Borrowings	$ 21,668	$ 12,490
Weighted Average Interest Rate	2.50%	1.80%
ADAC-STRATTEC Credit Facility
Line Of Credit Facility [Line Items]
Average Outstanding Borrowings	$ 22,621	$ 10,865
Weighted Average Interest Rate	2.50%	1.80%

Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017
Commitments And Contingencies Disclosure [Abstract]
Cost incurred inception to date on installation and on-going monitoring of wells	$ 584,000
Environmental	$ 1,291,000	$ 1,308,000

Purchase and Minimum Rental Commitments Under Non-Cancelable Operating Leases (Details) $ in Thousands	Jul. 01, 2018 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Minimum rental commitments, 2019	$ 919
Minimum rental commitments, 2020	361
Minimum rental commitments, 2021	134
Minimum rental commitments, 2022	91
Minimum rental commitments, 2023-2024	140
Purchase commitments, 2019	9,195
Purchase commitments, 2020	$ 3,929

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Currently payable:
Federal	$ 156	$ 228	$ 18
State	73	3	130
Foreign	812	2,202	1,893
Total current income tax expense	1,041	2,433	2,041
Deferred tax provision	1,029	1,851	3,027
Total tax provision	$ 2,070	$ 4,284	$ 5,068

Income Taxes (Details 1)	12 Months Ended
Income Taxes (Details 1)	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Difference between income taxes computed at the Federal statutory tax rate and the provision for income taxes
U.S. statutory rate	28.00%	35.00%	34.00%
State taxes, net of Federal tax benefit	1.60%	1.20%	1.30%
Foreign subsidiaries	(0.70%)	(1.10%)	0.60%
U.S. taxation on non-U.S. earnings		3.80%
U.S. tax reform: transition tax	(3.00%)
U.S. tax reform: change in deferred rate	(9.30%)
Research and development tax credit	(2.50%)	(2.70%)
Non-controlling interest	(5.60%)	(9.90%)	(9.30%)
Uncertain tax positions	2.10%	0.80%
Stock based compensation	1.70%	0.10%	0.20%
Other	(0.60%)	(1.10%)	(0.40%)
Total	11.70%	26.10%	26.40%

Income Taxes (Details 2) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Income Tax Disclosure [Abstract]
Unrecognized pension and postretirement benefit plan liabilities	$ 6,887	$ 11,191
Accrued warranty	517	925
Payroll-related accruals	1,959	2,605
Stock-based compensation	727	1,488
Inventory reserve	799	1,249
Environmental reserve	303	484
Repair and maintenance supply parts reserve	212	333
Allowance for doubtful accounts	118	185
NOL/credit carry-forwards	248	1,669
Postretirement obligations	(375)	(405)
Accumulated depreciation	(4,902)	(6,034)
Accrued pension obligations	(9,235)	(14,483)
Joint ventures	814	808
Other	967	241
Deferred tax liabilities, net	$ (961)
Deferred tax assets, net		$ 256

Income Taxes (Details Textual)	12 Months Ended
Income Taxes (Details Textual)	Jul. 01, 2018 USD ($)	Jul. 02, 2017 USD ($) Subsidiary	Jul. 03, 2016 USD ($)
Income Tax [Line Items]
State operating loss and credit carry-forwards	$ 248,000
Valuation allowance	172,000
Foreign income before income taxes	1,100,000	$ 5,300,000	$ 6,000,000
Total liability for unrecognized tax benefits including interest	796,000	610,000
Unrecognized tax benefits	741,000	571,000	$ 441,000
Unrecognized tax benefits, accrued interest	55,000	39,000
Unrecognized tax benefits, would effect tax rate	$ 375,000	143,000
MEXICO
Income Tax [Line Items]
Deferred tax liability, undistributed forreign earnings		$ 424,000
Number of subsidiaries \| Subsidiary		2
Foreign earnings repatriated		$ 15,800,000
Earliest Tax Year \| State
Income Tax [Line Items]
Expiration year of state operating loss and credit carry-forwards	2024
Latest Tax Year \| State
Income Tax [Line Items]
Expiration year of state operating loss and credit carry-forwards	2032

Income Taxes (Details 3) - USD ($)	12 Months Ended
Income Taxes (Details 3) - USD ($)	Jul. 01, 2018	Jul. 02, 2017
Reconciliation of the beginning and ending amount of unrecognized tax benefits
Unrecognized tax benefits, beginning of year	$ 571,000	$ 441,000
Gross increases – tax positions in prior years	101,000	28,000
Gross increases – current period tax positions	126,000	177,000
Tax years closed	(57,000)	(75,000)
Unrecognized tax benefits, end of year	$ 741,000	$ 571,000

Retirement Plans and Postretirement Costs (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Defined Benefit Plan Disclosure [Line Items]
Proposed date the Board of Directors approved to terminate the qualified retirement plan		Dec. 31, 2018
Termination of Qualified Pension Plan, description		The Board of Directors has subsequently approved to proceed with the termination of the Qualified Pension Plan. We submitted a request to and received a response from the IRS for a determination letter that the Qualified Pension Plan is qualified for termination. We intend to distribute substantially all of the Qualified Pension Plan assets prior to the end of December 2018. Additionally, in connection with preparing for the termination of the Qualified Pension Plan, we have amended the plan to provide that participants are 100 percent vested in their accrued benefits as of the effective date of the plan termination, to adopt a new standard for disability benefits that will apply when the plan’s assets are distributed due to the termination, to add a lump sum distribution for employees and terminated vested participants who are not in payment status when Qualified Pension Plan assets are distributed due to the termination and to make certain other conforming amendments to the Qualified Pension Plan to comply with applicable laws that may be required by the IRS or may be deemed necessary or advisable to improve the administration of the Qualified Pension Plan or facilitate its termination and liquidation.
Qualified Retirement Plan participants' vesting percentage as of the final termination date of the plan		100.00%
Rabbi Trust Assets - SERP		$ 2,800,000	$ 2,600,000
Postretirement plan annual benefit limit for future eligible retirees		$ 4,000
Other postretirement benefits maximum benefit period		5 years
Health care cost trend rate for next fiscal year		7.40%
Ultimate health care cost trend rate		4.50%
Net Periodic Benefit Cost, Expected return on plan assets		5.45%
Percentage target asset allocation		100.00%
Actual Historical Annualized Returns Using Target Allocation - 5 Years		2.97%
Actual Historical Annualized Returns Using Target Allocation - 10 Years		3.98%
Actual Historical Annualized Returns Using Target Allocation - 15 Years		4.28%
Actual Historical Annualized Returns Using Target Allocation - 20 Years		4.80%
Actual Historical Annualized Returns Using Target Allocation - 25 Years		5.21%
Actual Historical Annualized Returns Using Target Allocation - 30 Years		5.97%
401(K) Plan
Defined Benefit Plan Disclosure [Line Items]
Percent of each dollar of eligible employee contributions matched by employer		100.00%
Employer matching contribution to employee up to participant's eligible contribution		5.00%
Scenario Forecast
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Benefit Cost, Expected return on plan assets	4.05%
Stock Index Funds
Defined Benefit Plan Disclosure [Line Items]
Return applied to target allocation in determining expected long term rate of return		10.00%
Stock Index Funds \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Percentage target asset allocation		0.00%
Stock Index Funds \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Percentage target asset allocation		50.00%
Fixed income/cash
Defined Benefit Plan Disclosure [Line Items]
Return applied to target allocation in determining expected long term rate of return		3.00%
Fixed income/cash \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Percentage target asset allocation		50.00%
Fixed income/cash \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Percentage target asset allocation		100.00%
Supplemental Employee Retirement Plan, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Percentage of participant's base salary received as Supplemental Retirement Benefits		8.00%
Vesting period, SERP		5 years
Projected benefit obligation		$ 1,916,000	1,824,000
Expected employer contributions in next fiscal year		364,000
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation		1,041,000	$ 1,268,000	$ 1,602,000
Expected employer contributions in next fiscal year		$ 215,000

Retirement Plans and Postretirement Costs (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax
Total	$ 18,148	$ 18,750	$ 24,518
Pension and SERP Benefits
Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax
Net actuarial loss	16,515
Total	16,515
Postretirement
Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax
Prior service credit	(294)
Net actuarial loss	1,927
Total	$ 1,633

Retirement Plans and Postretirement Costs (Details 1) $ in Thousands	Jul. 01, 2018 USD ($)
Pension and SERP Benefits
Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax
Net actuarial loss	$ 1,272
Total	1,272
Postretirement
Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax
Prior service credit	(336)
Net actuarial loss	329
Total	$ (7)

Retirement Plans and Postretirement Costs (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Net Periodic Benefit Cost:
Net Periodic Benefit Cost, Expected return on plan assets	5.45%
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:
Amortization of prior service (cost) credits	$ 752	$ 753
Amortization of unrecognized net loss	(2,514)	(3,766)
Pension and SERP Benefits
COMPONENTS OF NET PERIODIC BENEFIT COST (CREDIT):
Service cost	66	54	$ 50
Interest cost	3,857	3,926	4,387
Expected return on plan assets	(6,111)	(5,854)	(5,509)
Amortization of prior service cost (credit)	12	11	11
Amortization of unrecognized net loss	2,035	3,228	2,443
Net periodic benefit cost (credit)	$ (141)	$ 1,365	1,382
Benefit Obligations:
Benefit Obligations, Discount rate	4.30%	3.91%
Benefit Obligations, Rate of compensation increases - SERP	3.00%	3.00%
Net Periodic Benefit Cost:
Net Periodic Benefit Cost, Discount rate	3.91%	3.79%
Net Periodic Benefit Cost, Expected return on plan assets	5.45%	5.45%
Net Periodic Benefit Cost, Rate of compensation increases - SERP	3.00%	3.00%
CHANGE IN PROJECTED BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$ 101,266	$ 106,152
Service cost	66	54	50
Interest cost	3,857	3,926	4,387
Benefits paid	(4,962)	(4,524)
Benefit obligation at end of year	98,835	101,266	106,152
Actuarial gain	(1,392)	(4,342)
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year	112,524	104,460
Actual return on plan assets	3,890	7,574
Employer contribution	14	5,014
Benefits paid	(4,962)	(4,524)
Fair value of plan assets at end of year	111,466	112,524	104,460
Funded status – prepaid (accrued) benefit obligations	12,631	11,258
AMOUNTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS:
Other long-term assets	14,547	13,082
Accrued payroll and benefits (current liabilities)	(363)	(332)
Accrued benefit obligations (long-term liabilities)	(1,553)	(1,492)
Net amount recognized	12,631	11,258
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:
Net periodic benefit (credit) cost	(141)	1,365	1,382
Net actuarial loss (gain)	828	(6,063)
Amortization of prior service (cost) credits	(12)	(11)
Amortization of unrecognized net loss	(2,035)	(3,228)
Total recognized in other comprehensive (income) loss, before tax	(1,219)	(9,302)
Total recognized in net periodic benefit cost and other comprehensive (income) loss, before tax	(1,360)	(7,937)
Postretirement Benefits
COMPONENTS OF NET PERIODIC BENEFIT COST (CREDIT):
Service cost	13	13	12
Interest cost	45	55	87
Amortization of prior service cost (credit)	(764)	(764)	(764)
Amortization of unrecognized net loss	479	538	616
Net periodic benefit cost (credit)	$ (227)	$ (158)	(49)
Benefit Obligations:
Benefit Obligations, Discount rate	4.30%	3.91%
Net Periodic Benefit Cost:
Net Periodic Benefit Cost, Discount rate	3.91%	3.79%
CHANGE IN PROJECTED BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$ 1,268	$ 1,602
Service cost	13	13	12
Interest cost	45	55	87
Benefits paid	(277)	(322)
Benefit obligation at end of year	1,041	1,268	1,602
Actuarial gain	(8)	(80)
CHANGE IN PLAN ASSETS:
Employer contribution	277	322
Benefits paid	(277)	(322)
Funded status – prepaid (accrued) benefit obligations	(1,041)	(1,268)
AMOUNTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS:
Accrued payroll and benefits (current liabilities)	(215)	(265)
Accrued benefit obligations (long-term liabilities)	(826)	(1,003)
Net amount recognized	(1,041)	(1,268)
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME:
Net periodic benefit (credit) cost	(227)	(158)	$ (49)
Net actuarial loss (gain)	(8)	(80)
Amortization of prior service (cost) credits	764	764
Amortization of unrecognized net loss	(479)	(538)
Total recognized in other comprehensive (income) loss, before tax	277	146
Total recognized in net periodic benefit cost and other comprehensive (income) loss, before tax	$ 50	$ (12)

Retirement Plans and Postretirement Costs (Details 3) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017
Pension
Accumulated Benefit Obligations and Projected Benefit Obligations
Accumulated benefit obligation	$ 96,919	$ 99,442
Projected benefit obligation	96,919	99,442
SERP
Accumulated Benefit Obligations and Projected Benefit Obligations
Accumulated benefit obligation	1,749	1,591
Projected benefit obligation	$ 1,916	$ 1,824

Retirement Plans and Postretirement Costs (Details 4) $ in Thousands	12 Months Ended
	Jul. 01, 2018 USD ($)
Significant Effect of Health Care Trend on the Postretirement Benefit
Effect on postretirement benefit obligation as of July 1, 2018, 1% Increase	$ 5
Effect on postretirement benefit obligation as of July 1, 2018, 1% Decrease	$ (4)

Retirement Plans and Postretirement Costs (Details 5)	Jul. 01, 2018	Jul. 02, 2017
Pension plan weighted-average asset allocations by asset category
Target Allocation	100.00%
Plan assets - actual percentage	100.00%	100.00%
Equity investments
Pension plan weighted-average asset allocations by asset category
Plan assets - actual percentage	13.00%	38.00%
Equity investments \| Minimum
Pension plan weighted-average asset allocations by asset category
Target Allocation	0.00%
Equity investments \| Maximum
Pension plan weighted-average asset allocations by asset category
Target Allocation	50.00%
Fixed-income investments / cash
Pension plan weighted-average asset allocations by asset category
Plan assets - actual percentage	87.00%	62.00%
Fixed-income investments / cash \| Minimum
Pension plan weighted-average asset allocations by asset category
Target Allocation	50.00%
Fixed-income investments / cash \| Maximum
Pension plan weighted-average asset allocations by asset category
Target Allocation	100.00%

Retirement Plans and Postretirement Costs (Details 6) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	$ 111,466	$ 112,524
Cash and Cash Equivalents
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	7,617	7,233
Level 1
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	14,341	48,042
Level 2
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	97,125	64,482
Level 2 \| Cash and Cash Equivalents
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	7,617	7,233
Equity investments \| Small Cap
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets		1,008
Equity investments \| Small Cap \| Level 1
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets		1,008
Equity investments \| Mid Cap
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	4,953	12,414
Equity investments \| Mid Cap \| Level 1
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	4,953	12,414
Equity investments \| Large Cap
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	4,945	19,961
Equity investments \| Large Cap \| Level 1
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	4,945	19,961
Equity investments \| International
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	4,443	8,941
Equity investments \| International \| Level 1
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	4,443	8,941
Fixed Income Funds
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	89,508	62,967
Fixed Income Funds \| Level 1
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets		5,718
Fixed Income Funds \| Level 2
Summary, by asset category, of the fair value of pension plan assets
Fair value of pension plan assets	$ 89,508	$ 57,249

Retirement Plans and Postretirement Costs (Details 8) $ in Thousands	Jul. 01, 2018 USD ($)
Pension and SERP Benefits
Expected future benefit payments
2019	$ 5,719
2020	5,760
2021	6,360
2022	6,411
2023	6,136
2024-2028	31,401
Postretirement Benefits
Expected future benefit payments
2019	215
2020	163
2021	146
2022	135
2023	108
2024-2028	$ 254

Shareholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017
Equity [Abstract]
Common stock, shares authorized	12,000,000	12,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares outstanding	3,635,203	3,596,616
Number of shares authorized to be repurchased	3,839,395
Number of shares repurchased to date	3,655,322
Cost of shares repurchased to date	$ 136.4
Number of shares repurchased during period	0	0

Earnings Per Share (''EPS'') (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Reconciliation of the components of the basic and diluted per share
Net income attributable to STRATTEC	$ 12,283	$ 7,197	$ 9,149
Less: Income attributable to participating securities		1	58
Net income attributable to common shareholders	$ 12,283	$ 7,196	$ 9,091
Weighted average shares of common stock outstanding	3,628	3,588	3,559
Incremental shares – stock based compensation	75	82	62
Diluted weighted average shares of common stock outstanding	3,703	3,670	3,621
Basic earnings per share	$ 3.39	$ 2.01	$ 2.55
Diluted earnings per share	$ 3.32	$ 1.96	$ 2.51

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Earnings Per Share (''EPS'') (Details 1) - shares	12 Months Ended
Earnings Per Share (''EPS'') (Details 1) - shares	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive options excluded from earnings per share computation	41,200	9,010	9,010

Stock Option and Purchase Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Summary of stock option activity under our stock incentive plan
Shares, Beginning Balance	138,508	144,998	163,907
Shares, Exercised	(5,434)	(6,490)	(16,909)
Shares, Terminated			(2,000)
Shares, Ending Balance	133,074	138,508	144,998
Shares, Exercisable	133,074	129,498	103,798
Weighted Average Exercise Price, Beginning Balance	$ 29.23	$ 28.86	$ 27.97
Weighted Average Exercise Price, Exercised	25.64	20.96	21.55
Weighted Average Exercise Price, Terminated			17.59
Weighted Average Exercise Price, Ending Balance	29.37	29.23	28.86
Weighted Average Exercise Price, Exercisable	$ 29.37	$ 25.71	$ 21.39
Weighted Average Remaining Contractual Term, Outstanding, July 1, 2018	3 years 4 months 24 days
Weighted Average Remaining Contractual Term, Exercisable	3 years 4 months 24 days	4 years 2 months 12 days	4 years 7 months 6 days
Aggregate Intrinsic Value, Outstanding, July 1, 2018	$ 862
Aggregate Intrinsic Value, Exercisable	$ 862	$ 1,361	$ 2,174

Stock Option and Purchase Plans (Details Textual) - USD ($)	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options, granted	0	0	0
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum Contribution per participant per calendar year	$ 5,200
Maximum number of shares authorized for issuance from treasury under the Employee Stock Purchase Plan	100,000
Employee stock purchase plan average price of shares purchased during period	$ 37.06	$ 34.88	$ 55.77
Shares available for issuance from treasury under the Employee Stock Purchase plan	61,412
Employee Stock Purchase Plan \| Treasury Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares issued under stock purchase plan	2,753	3,019	1,948

Stock Option and Purchase Plans (Details 2) - Restricted stock - $ / shares	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested, Shares Beginning Balance	75,850	71,750	66,350
Granted, Shares	27,950	27,150	28,750
Vested, Shares	(30,400)	(21,250)	(20,300)
Forfeited, Shares	(4,275)	(1,800)	(3,050)
Nonvested, Shares Ending Balance	69,125	75,850	71,750
Nonvested, Weighted Average Grant Date Fair Value Beginning Balance	$ 60.61	$ 60.05	$ 45.03
Granted, Weighted Average Grant Date Fair Value	33.30	43.87	69.02
Vested, Weighted Average Grant Date Fair Value	62.99	37.53	23.69
Forfeited, Weighted Average Grant Date Fair Value	52.47	58.24	59.92
Nonvested, Weighted Average Grant Date Fair Value Ending Balance	$ 49.02	$ 60.61	$ 60.05

Export Sales (Details) - USD ($) $ in Thousands	12 Months Ended
Export Sales (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Concentration Risk [Line Items]
Net Sales	$ 439,195	$ 417,325	$ 401,419
Export Sales
Concentration Risk [Line Items]
Net Sales	$ 157,862	$ 160,275	$ 152,728
Export Sales \| Sales Revenue Net \| Geographic Concentration Risk
Concentration Risk [Line Items]
Percentage of Export Sales	36.00%	38.00%	38.00%
Canada \| Geographic Concentration Risk
Concentration Risk [Line Items]
Net Sales	$ 70,920	$ 73,481	$ 74,310
Canada \| Sales Revenue Net \| Geographic Concentration Risk
Concentration Risk [Line Items]
Percentage of Export Sales	16.00%	18.00%	19.00%

Product Sales (Details) - USD ($) $ in Thousands	12 Months Ended
Product Sales (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Product Information [Line Items]
Net Sales	$ 439,195	$ 417,325	$ 401,419
Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	100.00%	100.00%	100.00%
Keys & Locksets
Product Information [Line Items]
Net Sales	$ 118,256	$ 114,938	$ 113,765
Keys & Locksets \| Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	27.00%	28.00%	28.00%
Door Handles & Exterior Trim
Product Information [Line Items]
Net Sales	$ 88,788	$ 67,722	$ 61,376
Door Handles & Exterior Trim \| Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	20.00%	16.00%	15.00%
Power Access
Product Information [Line Items]
Net Sales	$ 86,380	$ 84,457	$ 83,747
Power Access \| Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	20.00%	20.00%	21.00%
Driver Controls
Product Information [Line Items]
Net Sales	$ 51,817	$ 56,983	$ 55,955
Driver Controls \| Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	12.00%	14.00%	14.00%
Aftermarket & OE Service
Product Information [Line Items]
Net Sales	$ 43,311	$ 47,216	$ 48,200
Aftermarket & OE Service \| Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	10.00%	11.00%	12.00%
Latches
Product Information [Line Items]
Net Sales	$ 42,381	$ 35,307	$ 28,023
Latches \| Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	9.00%	8.00%	7.00%
Other
Product Information [Line Items]
Net Sales	$ 8,262	$ 10,702	$ 10,353
Other \| Sales \| Product Concentration Risk
Product Information [Line Items]
Percentage of Net Sales	2.00%	3.00%	3.00%

Sales and Receivable Concentration (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Sales to largest customers
Net Sales	$ 439,195	$ 417,325	$ 401,419
Customer Concentration Risk
Sales to largest customers
Net Sales	$ 260,904	$ 251,513	$ 253,068
Customer Concentration Risk \| Sales Revenue Net
Sales to largest customers
Percentage of Net Sales	59.00%	60.00%	63.00%
Fiat Chrysler Automobiles \| Customer Concentration Risk
Sales to largest customers
Net Sales	$ 110,650	$ 100,575	$ 115,858
Fiat Chrysler Automobiles \| Customer Concentration Risk \| Sales Revenue Net
Sales to largest customers
Percentage of Net Sales	25.00%	24.00%	29.00%
General Motors Company \| Customer Concentration Risk
Sales to largest customers
Net Sales	$ 85,827	$ 88,624	$ 79,893
General Motors Company \| Customer Concentration Risk \| Sales Revenue Net
Sales to largest customers
Percentage of Net Sales	20.00%	21.00%	20.00%
Ford Motor Company \| Customer Concentration Risk
Sales to largest customers
Net Sales	$ 64,427	$ 62,314	$ 57,317
Ford Motor Company \| Customer Concentration Risk \| Sales Revenue Net
Sales to largest customers
Percentage of Net Sales	14.00%	15.00%	14.00%

Sales and Receivable Concentration (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017
Receivables from largest customers
Receivables	$ 73,832	$ 64,933
Customer Concentration Risk
Receivables from largest customers
Receivables	$ 43,811	$ 39,146
Customer Concentration Risk \| Accounts Receivable
Receivables from largest customers
Percentage of Gross Receivables	59.00%	60.00%
Fiat Chrysler Automobiles \| Customer Concentration Risk
Receivables from largest customers
Receivables	$ 19,908	$ 17,107
Fiat Chrysler Automobiles \| Customer Concentration Risk \| Accounts Receivable
Receivables from largest customers
Percentage of Gross Receivables	27.00%	26.00%
General Motors Company \| Customer Concentration Risk
Receivables from largest customers
Receivables	$ 16,366	$ 13,395
General Motors Company \| Customer Concentration Risk \| Accounts Receivable
Receivables from largest customers
Percentage of Gross Receivables	22.00%	21.00%
Ford Motor Company \| Customer Concentration Risk
Receivables from largest customers
Receivables	$ 7,537	$ 8,644
Ford Motor Company \| Customer Concentration Risk \| Accounts Receivable
Receivables from largest customers
Percentage of Gross Receivables	10.00%	13.00%

Organization and Summary of Significant Accounting Policies (Details 11) - Supplier	12 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 03, 2016
Supplier Concentrations
Percentage of inventory purchases from major suppliers	32.00%	39.00%	36.00%
Number of major Suppliers	5	7	6