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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 28, 2014
Jun. 29, 2014
Current Assets:    
Cash and cash equivalents $ 22,545 $ 19,756
Receivables, net 79,321 68,822
Inventories    
Finished products 8,610 9,034
Work in process 7,487 7,386
Purchased materials 18,150 16,232
Excess and obsolete reserve (2,200) (2,150)
Inventories, net 32,047 30,502
Other current assets 17,572 16,559
Total current assets 151,485 135,639
Investment in joint ventures 10,341 9,977
Other long-term assets 12,322 11,639
Property, plant and equipment 178,781 172,717
Less: accumulated depreciation (118,112) (116,936)
Net property, plant and equipment 60,669 55,781
Total assets 234,817 213,036
Current Liabilities:    
Accounts payable 38,138 36,053
Accrued Liabilities:    
Payroll and benefits 18,888 18,058
Environmental 1,396 1,397
Warranty 3,340 3,462
Other 14,446 6,293
Total current liabilities 76,208 65,263
Deferred income taxes 5,168 5,127
Borrowings under credit facility 4,000 2,500
Accrued pension obligations 1,652 1,619
Accrued postretirement obligations 2,027 2,223
Other long-term liabilities 1,421 1,401
Shareholders’ Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,138,978 shares at September 28, 2014 and 7,110,308 shares at June 29, 2014 71 71
Capital in excess of par value 87,881 87,054
Retained earnings 203,371 194,498
Accumulated other comprehensive loss (20,558) (20,198)
Less: treasury stock, at cost (3,625,224 shares at September 28, 2014 and 3,625,492 shares at June 29, 2014) (135,915) (135,919)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 134,850 125,506
Non-controlling interest 9,491 9,397
Total shareholders’ equity 144,341 134,903
Total liabilities and shareholders' equity $ 234,817 $ 213,036