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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Oct. 02, 2011
Jul. 03, 2011
Current Assets:  
Cash and cash equivalents$ 13,188$ 17,250
Receivables, net41,23239,649
Inventories-  
Finished products7,2235,899
Work in process5,7315,557
Purchased materials12,62911,879
Excess and obsolete reserve(1,271)(1,200)
Inventories, net24,31222,135
Other current assets15,12015,368
Total current assets93,85294,402
Deferred income taxes3,9453,639
Investment in joint ventures7,2937,276
Loan to joint venture1,5001,500
Other long-term assets610635
Property, plant and equipment142,968141,364
Less: accumulated depreciation(102,187)(100,728)
Net property, plant and equipment40,78140,636
Total assets147,981148,088
Current Liabilities:  
Accounts payable24,90622,851
Loans from related parties1,4501,850
Accrued Liabilities:  
Payroll and benefits11,83715,546
Environmental reserve1,4741,478
Warranty4,2173,856
Other7,3555,407
Total current liabilities51,23950,988
Accrued pension obligations3,6843,447
Accrued postretirement obligations3,3113,589
Other long-term liabilities8040
Shareholders' Equity:  
Common stock, authorized 12,000,000 shares, $.01 par value, issued 6,929,857 shares at October 2, 2011 and 6,920,557 shares at July 3, 20116969
Capital in excess of par value79,94779,767
Retained earnings165,086164,138
Accumulated other comprehensive loss(24,619)(21,750)
Less: treasury stock, at cost (3,630,481 shares at October 2, 2011 and 3,631,079 shares at July 3, 2011)(136,000)(136,009)
Total STRATTEC SECURITY CORPORATION shareholders' equity84,48386,215
Non-controlling interest4,4603,849
Total shareholders' equity88,94390,064
Total liabilities and shareholders' equity$ 147,981$ 148,088