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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 29, 2013
Jun. 30, 2013
Current Assets:    
Cash and cash equivalents $ 20,388 $ 20,307
Receivables, net 44,348 47,514
Inventories    
Finished products 10,685 6,966
Work in process 6,553 6,164
Purchased materials 14,471 12,682
Excess and obsolete reserve (1,674) (1,500)
Inventories, net 30,035 24,312
Other current assets 14,855 14,366
Total current assets 109,626 106,499
Investment in joint ventures 9,809 9,166
Other long-term assets 6,867 2,420
Property, plant and equipment 168,976 163,437
Less: accumulated depreciation (115,406) (112,022)
Net property, plant and equipment 53,570 51,415
Total assets 179,872 169,500
Current Liabilities:    
Accounts payable 25,923 25,543
Borrowings under credit facility 3,000 2,250
Accrued Liabilities:    
Payroll and benefits 12,783 13,993
Environmental reserve 1,404 1,414
Warranty 2,766 2,500
Other 6,185 5,025
Total current liabilities 52,061 50,725
Deferred income taxes 1,090 1,009
Accrued pension obligations 1,610 1,464
Accrued postretirement obligations 2,535 2,717
Other long-term liabilities 1,753 1,705
Shareholders’ Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,048,787 shares at December 29, 2013 and 6,998,702 shares at June 30, 2013 70 70
Capital in excess of par value 84,098 82,684
Retained earnings 185,936 179,614
Accumulated other comprehensive loss (21,471) (22,212)
Less: treasury stock, at cost (3,626,050 shares at December 29, 2013 and 3,626,673 shares at June 30, 2013) (135,928) (135,938)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 112,705 104,218
Non-controlling interest 8,118 7,662
Total shareholders’ equity 120,823 111,880
Total liabilities and shareholders’ equity $ 179,872 $ 169,500