$KTCC
KEY TRONIC CORP Stock $ktcc

$ktcc Overview Financials Valuation SEC Filings Company Website

2020 Q3 Form 10-Q Financial Statement

#000071973320000071 Filed on November 05, 2020

Income Statement

Concept	2020 Q3	2019 Q3
Revenue	$123.2M	$105.3M
YoY Change	17.02%	-17.41%
Cost Of Revenue	$113.2M	$96.01M
YoY Change	17.89%	-18.59%
Gross Profit	$10.02M	$9.273M
YoY Change	8.0%	-2.73%
Gross Profit Margin	8.13%	8.81%
Selling, General & Admin	$4.974M	$5.074M
YoY Change	-1.97%	-4.05%
% of Gross Profit	49.67%	54.72%
Research & Development	$2.245M	$1.660M
YoY Change	35.24%	-2.35%
% of Gross Profit	22.42%	17.9%
Depreciation & Amortization	$1.752M	$1.609M
YoY Change	8.89%	-15.89%
% of Gross Profit	17.49%	17.35%
Operating Expenses	$7.219M	$6.734M
YoY Change	7.2%	-3.63%
Operating Profit	$2.796M	$2.539M
YoY Change	10.12%	-0.24%
Interest Expense	$681.0K	$710.0K
YoY Change	-4.08%	4.87%
% of Operating Profit	24.36%	27.96%
Other Income/Expense, Net
YoY Change
Pretax Income	$2.115M	$1.829M
YoY Change	15.64%	-2.09%
Income Tax	$396.0K	$277.0K
% Of Pretax Income	18.72%	15.14%
Net Earnings	$1.719M	$1.552M
YoY Change	10.76%	-2.57%
Net Earnings / Revenue	1.4%	1.47%
Basic Earnings Per Share	$0.16	$0.14
Diluted Earnings Per Share	$0.16	$0.14
COMMON SHARES
Basic Shares Outstanding	10.76M shares	10.76M shares
Diluted Shares Outstanding	11.04M shares	10.81M shares

Balance Sheet

Concept	2020 Q3	2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.500M	$500.0K
YoY Change	200.0%	-64.29%
Cash & Equivalents	$1.471M	$504.0K
Short-Term Investments
Other Short-Term Assets	$18.78M	$17.74M
YoY Change	5.9%	4.16%
Inventory	$119.8M	$117.7M
Prepaid Expenses
Receivables	$116.0M	$88.50M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$256.1M	$224.5M
YoY Change	14.05%	12.66%
LONG-TERM ASSETS
Property, Plant & Equipment	$33.32M	$29.98M
YoY Change	11.11%	8.61%
Goodwill
YoY Change
Intangibles		$0.00
YoY Change		-100.0%
Long-Term Investments
YoY Change
Other Assets	$2.429M	$2.092M
YoY Change	16.11%	-40.06%
Total Long-Term Assets	$61.75M	$10.57M
YoY Change	484.28%	-56.13%
TOTAL ASSETS
Total Short-Term Assets	$256.1M	$224.5M
Total Long-Term Assets	$61.75M	$10.57M
Total Assets	$317.8M	$285.4K
YoY Change	111276.2%	-99.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$79.15M	$87.21M
YoY Change	-9.25%	12.41%
Accrued Expenses	$12.10M	$11.90M
YoY Change	1.68%	65.28%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$906.0K	$7.508M
YoY Change	-87.93%	28.54%
Total Short-Term Liabilities	$101.7M	$114.8M
YoY Change	-11.48%	17.65%
LONG-TERM LIABILITIES
Long-Term Debt	$84.40M	$40.30M
YoY Change	109.43%	36.15%
Other Long-Term Liabilities	$1.386M	$10.90M
YoY Change	-87.28%	3285.09%
Total Long-Term Liabilities	$97.56M	$170.2K
YoY Change	57213.82%	-99.43%
TOTAL LIABILITIES
Total Short-Term Liabilities	$101.7M	$114.8M
Total Long-Term Liabilities	$97.56M	$170.2K
Total Liabilities	$199.2M	$166.0M
YoY Change	20.01%	30.12%
SHAREHOLDERS EQUITY
Retained Earnings	$71.83M	$66.91M
YoY Change	7.36%	-8.77%
Common Stock	$47.01M	$46.75M
YoY Change	0.55%	0.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$118.6M	$115.1M
YoY Change
Total Liabilities & Shareholders Equity	$317.8M	$281.1M
YoY Change	13.05%	12.01%

Cashflow Statement

Concept	2020 Q3	2019 Q3
OPERATING ACTIVITIES
Net Income	$1.719M	$1.552M
YoY Change	10.76%	-2.57%
Depreciation, Depletion And Amortization	$1.752M	$1.609M
YoY Change	8.89%	-15.89%
Cash From Operating Activities	-$9.439M	-$10.31M
YoY Change	-8.47%	-3312.77%
INVESTING ACTIVITIES
Capital Expenditures	$3.186M	$3.046M
YoY Change	4.6%	81.96%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$1.780M
YoY Change	-100.0%	-5.82%
Cash From Investing Activities	-$3.186M	-$1.271M
YoY Change	150.67%	-680.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$1.468M
YoY Change		0.0%
Cash From Financing Activities	$13.54M	$11.49M
YoY Change	17.9%	2313.24%
NET CHANGE
Cash From Operating Activities	-$9.439M	-$10.31M
Cash From Investing Activities	-$3.186M	-$1.271M
Cash From Financing Activities	$13.54M	$11.49M
Net Change In Cash	$918.0K	-$97.00K
YoY Change	-1046.39%	-109.55%
FREE CASH FLOW
Cash From Operating Activities	-$9.439M	-$10.31M
Capital Expenditures	$3.186M	$3.046M
Free Cash Flow	-$12.63M	-$13.36M
YoY Change	-5.49%	887.36%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2020Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2020Q3	dei	Amendment Flag AmendmentFlag	false
CY2020Q3	dei	Document Period End Date DocumentPeriodEndDate	2020-09-26
CY2020Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q3	dei	Trading Symbol TradingSymbol	KTCC
CY2020Q3	dei	Entity Central Index Key EntityCentralIndexKey	0000719733
CY2020Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-29
CY2020Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	10759680	shares
CY2020Q3	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	609000	USD
CY2020Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	609000	USD
CY2020Q3	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2020Q2	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2020Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000	shares
CY2020Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000	shares
CY2020Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10760000	shares
CY2020Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10760000	shares
CY2020Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10760000	shares
CY2020Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10760000	shares
CY2020Q3	ktcc	Notional Amount Of Foreign Currency Forward Contracts NotionalAmountOfForeignCurrencyForwardContracts	0.0	USD
CY2020Q3	ktcc	Settlements Of Foreign Currency Exchange Forward Contracts SettlementsOfForeignCurrencyExchangeForwardContracts	6700000	USD
CY2019Q3	ktcc	Notional Amount Of Foreign Currency Forward Contracts NotionalAmountOfForeignCurrencyForwardContracts	0.0	USD
CY2019Q3	ktcc	Settlements Of Foreign Currency Exchange Forward Contracts SettlementsOfForeignCurrencyExchangeForwardContracts	6700000	USD
CY2020Q3	dei	Document Type DocumentType	10-Q
CY2020Q3	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q3	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q3	dei	Entity File Number EntityFileNumber	0-11559
CY2020Q3	dei	Entity Registrant Name EntityRegistrantName	KEY TRONIC CORP
CY2020Q3	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	WA
CY2020Q3	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	91-0849125
CY2020Q3	dei	Entity Address Address Line1 EntityAddressAddressLine1	N. 4424 Sullivan Road
CY2020Q3	dei	Entity Address City Or Town EntityAddressCityOrTown	Spokane Valley
CY2020Q3	dei	Entity Address State Or Province EntityAddressStateOrProvince	WA
CY2020Q3	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	99216
CY2020Q3	dei	City Area Code CityAreaCode	509
CY2020Q3	dei	Local Phone Number LocalPhoneNumber	928-8000
CY2020Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2020Q3	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q3	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2020Q3	dei	Entity Small Business EntitySmallBusiness	true
CY2020Q3	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q3	dei	Entity Shell Company EntityShellCompany	false
CY2020Q3	dei	Security12b Title Security12bTitle	Common Stock, no par value
CY2020Q3	dei	Trading Symbol TradingSymbol	KTCC
CY2020Q3	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2020Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	10759680	shares
CY2020Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1471000	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	553000	USD
CY2020Q3	us-gaap	Receivables Net Current ReceivablesNetCurrent	91563000	USD
CY2020Q2	us-gaap	Receivables Net Current ReceivablesNetCurrent	86123000	USD
CY2020Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	24458000	USD
CY2020Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	23753000	USD
CY2020Q3	us-gaap	Inventory Net InventoryNet	119791000	USD
CY2020Q2	us-gaap	Inventory Net InventoryNet	115020000	USD
CY2020Q3	us-gaap	Other Assets Current OtherAssetsCurrent	18782000	USD
CY2020Q2	us-gaap	Other Assets Current OtherAssetsCurrent	17315000	USD
CY2020Q3	us-gaap	Assets Current AssetsCurrent	256065000	USD
CY2020Q2	us-gaap	Assets Current AssetsCurrent	242764000	USD
CY2020Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33316000	USD
CY2020Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	31764000	USD
CY2020Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	16370000	USD
CY2020Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17568000	USD
CY2020Q3	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome	9632000	USD
CY2020Q2	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome	10178000	USD
CY2020Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2429000	USD
CY2020Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2587000	USD
CY2020Q3	ktcc	Ktcc Assets Noncurrent Exclude Pperou Assets Ktcc_AssetsNoncurrentExcludePPEROUAssets	12061000	USD
CY2020Q2	ktcc	Ktcc Assets Noncurrent Exclude Pperou Assets Ktcc_AssetsNoncurrentExcludePPEROUAssets	12765000	USD
CY2020Q3	us-gaap	Assets Assets	317812000	USD
CY2020Q2	us-gaap	Assets Assets	304861000	USD
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CY2020Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	80204000	USD
CY2020Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	7641000	USD
CY2020Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	10428000	USD
CY2020Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	906000	USD
CY2020Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	7508000	USD
CY2020Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	13957000	USD
CY2020Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	14079000	USD
CY2020Q3	us-gaap	Liabilities Current LiabilitiesCurrent	101650000	USD
CY2020Q2	us-gaap	Liabilities Current LiabilitiesCurrent	112219000	USD
CY2020Q3	us-gaap	Long Term Notes And Loans LongTermNotesAndLoans	4021000	USD
CY2020Q2	us-gaap	Long Term Notes And Loans LongTermNotesAndLoans	3258000	USD
CY2020Q3	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	80414000	USD
CY2020Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11502000	USD
CY2020Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	60094000	USD
CY2020Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	12624000	USD
CY2020Q3	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	232000	USD
CY2020Q2	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	234000	USD
CY2020Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1386000	USD
CY2020Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	875000	USD
CY2020Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	97555000	USD
CY2020Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	77085000	USD
CY2020Q3	us-gaap	Liabilities Liabilities	199205000	USD
CY2020Q2	us-gaap	Liabilities Liabilities	189304000	USD
CY2020Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q3	us-gaap	Common Stock Value CommonStockValue	47009000	USD
CY2020Q2	us-gaap	Common Stock Value CommonStockValue	46946000	USD
CY2020Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	71830000	USD
CY2020Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	70111000	USD
CY2020Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-232000	USD
CY2020Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1500000	USD
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	118607000	USD
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CY2019Q3	us-gaap	Revenues Revenues	105285000	USD
CY2020Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	113192000	USD
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CY2019Q3	us-gaap	Gross Profit GrossProfit	9273000	USD
CY2020Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2245000	USD
CY2019Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1660000	USD
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CY2020Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	2796000	USD
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	2539000	USD
CY2020Q3	us-gaap	Interest Expense InterestExpense	681000	USD
CY2019Q3	us-gaap	Interest Expense InterestExpense	710000	USD
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CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	1552000	USD
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CY2019Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10805000	shares
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	1719000	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	1552000	USD
CY2020Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	1268000	USD
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CY2019Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	605000	USD
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CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	1719000	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	1552000	USD
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CY2019Q3	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	8000	USD
CY2020Q3	us-gaap	Inventory Write Down InventoryWriteDown	178000	USD
CY2019Q3	us-gaap	Inventory Write Down InventoryWriteDown	21000	USD
CY2020Q3	us-gaap	Product Warranty Expense ProductWarrantyExpense	19000	USD
CY2019Q3	us-gaap	Product Warranty Expense ProductWarrantyExpense	16000	USD
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CY2020Q3	us-gaap	Share Based Compensation ShareBasedCompensation	63000	USD
CY2019Q3	us-gaap	Share Based Compensation ShareBasedCompensation	74000	USD
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CY2019Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-360000	USD
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CY2019Q3	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	10140000	USD
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CY2019Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	17327000	USD
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CY2020Q3	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1555000	USD
CY2019Q3	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	215000	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-9439000	USD
CY2019Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-10313000	USD
CY2020Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3186000	USD
CY2019Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3046000	USD
CY2020Q3	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2019Q3	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	696000	USD
CY2020Q3	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	0	USD
CY2019Q3	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	1079000	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3186000	USD
CY2019Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1271000	USD
CY2020Q3	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	307000	USD
CY2019Q3	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2000	USD
CY2020Q3	us-gaap	Proceeds From Issuance Of Medium Term Notes ProceedsFromIssuanceOfMediumTermNotes	5000000	USD
CY2019Q3	us-gaap	Proceeds From Issuance Of Medium Term Notes ProceedsFromIssuanceOfMediumTermNotes	5000000	USD
CY2020Q3	us-gaap	Payments For Hedge Financing Activities PaymentsForHedgeFinancingActivities	-925000	USD
CY2019Q3	us-gaap	Payments For Hedge Financing Activities PaymentsForHedgeFinancingActivities	0	USD
CY2020Q3	us-gaap	Repayments Of Medium Term Notes RepaymentsOfMediumTermNotes	10842000	USD
CY2019Q3	us-gaap	Repayments Of Medium Term Notes RepaymentsOfMediumTermNotes	1468000	USD
CY2020Q3	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	45975000	USD
CY2019Q3	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	45799000	USD
CY2020Q3	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	25358000	USD
CY2019Q3	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	37842000	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	13543000	USD
CY2019Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	11487000	USD
CY2020Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	918000	USD
CY2019Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-97000	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	553000	USD
CY2019Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	601000	USD
CY2020Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1471000	USD
CY2019Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	504000	USD
CY2020Q3	us-gaap	Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset	9000	USD
CY2019Q3	us-gaap	Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset	1788000	USD
CY2020Q3	us-gaap	Interest Paid Net InterestPaidNet	578000	USD
CY2019Q3	us-gaap	Interest Paid Net InterestPaidNet	593000	USD
CY2020Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	351000	USD
CY2019Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	213000	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	115557000	USD
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	114459000	USD
CY2020Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	82741000	USD
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	118607000	USD
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	115138000	USD
CY2020Q3	us-gaap	Fiscal Period FiscalPeriod	<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s reporting period is a 52/53 week fiscal year ending on the Saturday closest to June 30. The three month period ended September 26, 2020 and September 28, 2019, were 13 week periods. Fiscal year 2021 will end on July 3, 2021, which is a 53 week year. Fiscal year 2020 which ended on June 27, 2020, was a 52 week year.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Certain Significant Risks and Uncertainties Related to Outbreak of Coronavirus Disease 2019 (“COVID-19”)</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Due to the COVID-19 pandemic, the Company has seen extreme shifts in demand from its customer base. The possibility of future temporary closures, as well as adverse fluctuations in customer demand, freight and expedite costs, precautionary safety expenses and labor shortages, collectability of accounts, and future supply chain disruptions during the rapidly changing COVID-19 environment can materially impact operating results. Additionally, continued adverse macroeconomic conditions and significant currency exchange fluctuations can also materially impact operating results.</span></div>
CY2020Q3	ktcc	Maximum Amount Of Income Tax Benefits Percentage Realized Upon Ultimate Settlement MaximumAmountOfIncomeTaxBenefitsPercentageRealizedUponUltimateSettlement	0.50
CY2020Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	15632000	USD
CY2020Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	15269000	USD
CY2020Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	21418000	USD
CY2020Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	17390000	USD
CY2020Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	82361000	USD
CY2020Q3	us-gaap	Inventory Net InventoryNet	119791000	USD
CY2020Q2	us-gaap	Inventory Net InventoryNet	115020000	USD
CY2020Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	14500000	USD
CY2020Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	17300000	USD
CY2020Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	93000000	USD
CY2020Q3	us-gaap	Line Of Credit LineOfCredit	80700000	USD
CY2020Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	12300000	USD
CY2020Q2	us-gaap	Line Of Credit LineOfCredit	60100000	USD
CY2020Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	400000	USD
CY2020Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	4500000	USD
CY2020Q2	us-gaap	Long Term Debt LongTermDebt	10000000.0	USD
CY2020Q2	us-gaap	Long Term Debt Percentage Bearing Variable Interest Rate LongTermDebtPercentageBearingVariableInterestRate	0.0485
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	678000	USD
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	943000	USD
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	989000	USD
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1039000	USD
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	1090000	USD
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	80899000	USD
CY2020Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	85638000	USD
CY2020Q3	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	297000	USD
CY2020Q3	us-gaap	Long Term Debt LongTermDebt	85341000	USD
CY2020Q3	ktcc	Account Purchase Agreement Maximum Aggregate Amount AccountPurchaseAgreementMaximumAggregateAmount	25000000.0	USD
CY2019Q3	ktcc	Trade Accounts Receivable Sold To Third Party TradeAccountsReceivableSoldToThirdParty	17800000	USD
CY2020Q2	ktcc	Accounts Receivable Factored To Banking Institutions AccountsReceivableFactoredToBankingInstitutions	9000	USD
CY2020Q3	us-gaap	Income Tax Reconciliation Repatriation Of Foreign Earnings IncomeTaxReconciliationRepatriationOfForeignEarnings	8000000.0	USD
CY2020Q2	ktcc	Estimated Federal And State Income Taxes And Potential Withholding Taxes EstimatedFederalAndStateIncomeTaxesAndPotentialWithholdingTaxes	800000	USD
CY2020Q3	us-gaap	Tax Credit Carryforward Amount TaxCreditCarryforwardAmount	8700000	USD
CY2020Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	2900000	USD
CY2020Q3	us-gaap	Deferred Tax Assets Tax Credit Carryforwards DeferredTaxAssetsTaxCreditCarryforwards	5800000	USD
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	1719000	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	1552000	USD
CY2020Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10760000	shares
CY2019Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10760000	shares
CY2020Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	280000	shares
CY2019Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	45000	shares
CY2020Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	15000	USD
CY2020Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11040000	shares
CY2019Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10805000	shares
CY2020Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
CY2019Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.14
CY2020Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
CY2019Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.14
CY2020Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	329000	shares
CY2019Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	940000	shares
CY2020Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	500000	USD
CY2020Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M29D
CY2020Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	13000	USD
CY2020Q3	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	30000000.0	USD
CY2020Q3	ktcc	Settlements Of Foreign Currency Exchange Forward Contracts SettlementsOfForeignCurrencyExchangeForwardContracts	6700000	USD
CY2019Q3	ktcc	Settlements Of Foreign Currency Exchange Forward Contracts SettlementsOfForeignCurrencyExchangeForwardContracts	6700000	USD
CY2019Q4	us-gaap	Derivative Fixed Interest Rate DerivativeFixedInterestRate	0.0170
CY2020Q3	us-gaap	Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months	100000	USD
CY2020Q2	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	23753000	USD
CY2020Q3	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	120783000	USD
CY2020Q3	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	-120078000	USD
CY2020Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	24458000	USD
CY2020Q3	us-gaap	Revenues Revenues	123207000	USD
CY2019Q3	us-gaap	Revenues Revenues	105285000	USD
CY2020Q3	us-gaap	Lease Cost LeaseCost	1502000	USD
CY2020Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	16370000	USD
CY2020Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	16050000	USD
CY2020Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y6M14D
CY2020Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.041
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	3073000	USD
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3373000	USD
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	2598000	USD
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	2004000	USD
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	1894000	USD
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	5673000	USD
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	18615000	USD
CY2020Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	2565000	USD
CY2020Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	16050000	USD

Files In Submission

Name	View Source	Status
R23.htm	Edgar Link	pending
0000719733-20-000071-index-headers.html	Edgar Link	pending
0000719733-20-000071-index.html	Edgar Link	pending
0000719733-20-000071.txt	Edgar Link	pending
0000719733-20-000071-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
ktcc-20200926.htm	Edgar Link	pending
ktcc-20200926.xsd	Edgar Link	pending
ktcc-20200926_cal.xml	Edgar Link	unprocessable
ktcc-20200926_def.xml	Edgar Link	unprocessable
ktcc-20200926_htm.xml	Edgar Link	completed
ktcc-20200926_lab.xml	Edgar Link	unprocessable
ktcc-20200926_pre.xml	Edgar Link	unprocessable
MetaLinks.json	Edgar Link	pending
q12021exhibit311ng.htm	Edgar Link	pending
q12021exhibit312ng.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$KTCC
KEY TRONIC CORP Stock $ktcc

2020 Q3 Form 10-Q Financial Statement

#000071973320000071 Filed on November 05, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KTCC KEY TRONIC CORP Stock $ktcc

2020 Q3 Form 10-Q Financial Statement

#000071973320000071 Filed on November 05, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KTCC
KEY TRONIC CORP Stock $ktcc