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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Jul. 01, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 20,307 $ 17,487
Receivables, less allowance for doubtful accounts of $500 at June 30, 2013 and July 1, 2012 47,514 44,496
Inventories, net 24,312 21,236
Customer tooling in progress, net 2,278 4,434
Deferred income taxes 4,267 5,219
Other current assets 7,821 8,419
Total current assets 106,499 101,291
DEFERRED INCOME TAXES   9,742
INVESTMENT IN JOINT VENTURES 9,166 8,139
OTHER LONG-TERM ASSETS 2,420 536
PROPERTY, PLANT AND EQUIPMENT, NET 51,415 46,330
Total assets 169,500 166,038
CURRENT LIABILITIES:    
Accounts payable 25,543 24,149
Borrowings under credit facility 2,250  
Accrued liabilities:    
Payroll and benefits 13,993 19,233
Environmental 1,414 1,436
Warranty 2,500 4,958
Income taxes   2,934
Other 5,025 4,263
Total current liabilities 50,725 56,973
Commitments and Contingencies – see note on page 40      
DEFERRED INCOME TAXES 1,009  
ACCRUED PENSION OBLIGATIONS 1,464 18,202
ACCRUED POSTRETIREMENT OBLIGATIONS 2,717 3,465
OTHER LONG-TERM LIABILITIES 1,705  
SHAREHOLDERS’ EQUITY:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 6,998,702 shares at June 30, 2013 and 6,932,457 shares at July 1, 2012 70 69
Capital in excess of par value 82,684 80,621
Retained earnings 179,614 171,590
Accumulated other comprehensive loss (22,212) (35,757)
Less: Treasury stock at cost (3,626,673 shares at June 30, 2013 and 3,628,673 shares at July 1, 2012) (135,938) (135,971)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 104,218 80,552
Non-controlling interest 7,662 6,846
Total shareholders’ equity 111,880 87,398
Total liabilities and shareholders' equity $ 169,500 $ 166,038