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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 30, 2014
Jun. 30, 2013
Current Assets:    
Cash and cash equivalents $ 20,494 $ 20,307
Receivables, net 54,448 47,514
Inventories    
Finished products 9,414 6,966
Work in process 6,959 6,164
Purchased materials 13,995 12,682
Excess and obsolete reserve (1,722) (1,500)
Inventories, net 28,646 24,312
Other current assets 16,069 14,366
Total current assets 119,657 106,499
Investment in joint ventures 9,981 9,166
Other long-term assets 7,682 2,420
Property, plant and equipment 171,394 163,437
Less: accumulated depreciation (117,001) (112,022)
Net property, plant and equipment 54,393 51,415
Total assets 191,713 169,500
Current Liabilities:    
Accounts payable 29,916 25,543
Borrowings under credit facility 2,500 2,250
Accrued Liabilities:    
Payroll and benefits 14,013 13,993
Environmental reserve 1,397 1,414
Warranty 2,763 2,500
Other 7,565 5,025
Total current liabilities 58,154 50,725
Deferred income taxes 1,355 1,009
Accrued pension obligations 1,680 1,464
Accrued postretirement obligations 2,338 2,717
Other long-term liabilities 1,333 1,705
Shareholders’ Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,093,508 shares at March 30, 2014 and 6,998,702 shares at June 30, 2013 71 70
Capital in excess of par value 85,983 82,684
Retained earnings 189,149 179,614
Accumulated other comprehensive loss (21,159) (22,212)
Less: treasury stock, at cost (3,625,758 shares at March 30, 2014 and 3,626,673 shares at June 30, 2013) (135,924) (135,938)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 118,120 104,218
Non-controlling interest 8,733 7,662
Total shareholders’ equity 126,853 111,880
Total liabilities and shareholders’ equity $ 191,713 $ 169,500