Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 27, 2015	Jun. 28, 2015
Current Assets:
Cash and cash equivalents	$ 17,923	$ 25,695
Receivables, net	60,802	58,807
Inventories
Finished products	13,576	11,358
Work in process	8,574	7,746
Purchased materials	25,842	17,982
Excess and obsolete reserve	(2,772)	(2,300)
Inventories, net	45,220	34,786
Other current assets	19,507	18,873
Total current assets	143,452	138,161
Investment in joint ventures	15,464	15,326
Other long-term assets	11,269	10,816
Property, plant and equipment	201,674	194,567
Less: accumulated depreciation	(128,142)	(123,441)
Net property, plant and equipment	73,532	71,126
Total assets	243,717	235,429
Current Liabilities:
Accounts payable	35,136	27,838
Accrued Liabilities:
Payroll and benefits	12,222	16,107
Environmental	1,376	1,383
Warranty	9,431	11,835
Other	9,573	7,572
Total current liabilities	67,738	64,735
Deferred income taxes	4,581	4,595
Borrowings under credit facility	10,000	10,000
Accrued pension obligations	1,382	1,331
Accrued postretirement obligations	1,477	1,657
Other long-term liabilities	764	710
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,188,363 shares at December 27, 2015 and 7,151,154 shares at June 28, 2015	71	71
Capital in excess of par value	91,003	89,560
Retained earnings	219,187	213,442
Accumulated other comprehensive loss	(29,296)	(26,859)
Less: treasury stock, at cost (3,623,724 shares at December 27, 2015 and 3,624,454 shares at June 28, 2015)	(135,890)	(135,902)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	145,075	140,312
Non-controlling interest	12,700	12,089
Total shareholders’ equity	157,775	152,401
Total liabilities and shareholders' equity	$ 243,717	$ 235,429