XML 18 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Apr. 01, 2012
Jul. 03, 2011
Current Assets:    
Cash and cash equivalents $ 15,664 $ 17,250
Receivables, net 41,591 39,649
Inventories-    
Finished products 7,435 5,899
Work in process 5,737 5,557
Purchased materials 11,191 11,879
Excess and obsolete reserve (1,304) (1,200)
Inventories, net 23,059 22,135
Other current assets 17,366 15,368
Total current assets 97,680 94,402
Deferred income taxes 3,667 3,639
Investment in joint ventures 8,890 7,276
Loan to joint venture 0 1,500
Other long-term assets 560 635
Property, plant and equipment 148,831 141,364
Less: accumulated depreciation (104,406) (100,728)
Net property, plant and equipment 44,425 40,636
Total assets 155,222 148,088
Current Liabilities:    
Accounts payable 24,373 22,851
Loans from related parties 1,000 1,850
Accrued Liabilities:    
Payroll and benefits 14,921 15,546
Environmental reserve 1,442 1,478
Warranty 4,323 3,856
Other 7,189 5,407
Total current liabilities 53,248 50,988
Accrued pension obligations 2,659 3,447
Accrued postretirement obligations 2,755 3,589
Other long-term liabilities 85 0
Shareholders' Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 6,932,457 shares at April 1, 2012 and 6,920,557 shares at July 3, 2011 69 69
Capital in excess of par value 80,438 79,767
Retained earnings 168,690 164,138
Accumulated other comprehensive loss (22,982) (21,750)
Less: treasury stock, at cost (3,629,261 shares at April 1, 2012 and 3,631,079 shares at July 3, 2011) (135,980) (136,009)
Total STRATTEC SECURITY CORPORATION shareholders' equity 90,235 86,215
Non-controlling interest 6,240 3,849
Total shareholders' equity 96,475 90,064
Total liabilities and shareholders' equity $ 155,222 $ 148,088