Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 02, 2016	Jul. 03, 2016
Current Assets:
Cash and cash equivalents	$ 17,069	$ 15,477
Receivables, net	68,060	63,726
Inventories:
Finished products	10,693	10,137
Work in process	8,788	8,291
Purchased materials	22,045	23,055
Excess and obsolete reserve	(2,840)	(2,800)
Inventories, net	38,686	38,683
Other current assets	14,985	16,565
Total current assets	138,800	134,451
Investment in joint ventures	14,419	14,168
Deferred income taxes	5,018	5,387
Other long-term assets	6,395	3,021
Property, plant and equipment	220,369	216,859
Less: accumulated depreciation	(133,385)	(131,710)
Net property, plant and equipment	86,984	85,149
Total assets	251,616	242,176
Current Liabilities:
Accounts payable	37,008	32,416
Accrued Liabilities:
Payroll and benefits	11,127	11,210
Environmental	1,359	1,365
Warranty	9,186	9,228
Other	8,385	9,996
Total current liabilities	67,065	64,215
Borrowings under credit facility	24,000	20,000
Accrued pension obligations	1,491	1,466
Accrued postretirement obligations	1,191	1,262
Other long-term liabilities	925	721
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,209,763 issued shares at October 2, 2016 and 7,188,363 issued shares at July 3, 2016	72	72
Capital in excess of par value	92,567	92,076
Retained earnings	221,767	220,728
Accumulated other comprehensive loss	(38,711)	(37,673)
Less: treasury stock, at cost (3,621,842 shares at October 2, 2016 and 3,622,506 shares at July 3, 2016)	(135,860)	(135,871)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	139,835	139,332
Non-controlling interest	17,109	15,180
Total shareholders’ equity	156,944	154,512
Total liabilities and shareholders' equity	$ 251,616	$ 242,176