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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Jul. 01, 2012
Current Assets:    
Cash and cash equivalents $ 16,255 $ 17,487
Receivables, net 49,969 44,496
Inventories    
Finished products 8,215 5,313
Work in process 6,267 5,659
Purchased materials 12,856 11,564
Excess and obsolete reserve (1,500) (1,300)
Inventories, net 25,838 21,236
Other current assets 13,126 18,072
Total current assets 105,188 101,291
Deferred income taxes 6,111 9,742
Investment in joint ventures 8,132 8,139
Other long-term assets 462 536
Property, plant and equipment 159,616 152,014
Less: accumulated depreciation (110,389) (105,684)
Net property, plant and equipment 49,227 46,330
Total assets 169,120 166,038
Current Liabilities:    
Accounts payable 26,964 24,149
Borrowings under credit facility 1,500  
Accrued Liabilities:    
Payroll and benefits 12,492 19,233
Environmental reserve 1,416 1,436
Warranty 4,131 4,958
Other 6,131 7,197
Total current liabilities 52,634 56,973
Accrued pension obligations 15,071 18,202
Accrued postretirement obligations 2,636 3,465
Shareholders’ Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 6,960,557 shares at March 31, 2013 and 6,932,457 shares at July 1, 2012 70 69
Capital in excess of par value 81,689 80,621
Retained earnings 176,398 171,590
Accumulated other comprehensive loss (30,452) (35,757)
Less: treasury stock, at cost (3,627,051 shares at March 31, 2013 and 3,628,673 shares at July 1, 2012) (135,944) (135,971)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 91,761 80,552
Non-controlling interest 7,018 6,846
Total shareholders’ equity 98,779 87,398
Total liabilities and shareholders' equity $ 169,120 $ 166,038