Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 02, 2017	[1]	Jul. 03, 2016
Current Assets:
Cash and cash equivalents	$ 4,991		$ 15,477
Receivables, net	70,711		63,726
Inventories:
Finished products	11,164		10,137
Work in process	9,275		8,291
Purchased materials	21,101		23,055
Excess and obsolete reserve	(3,330)		(2,800)
Inventories, net	38,210		38,683
Other current assets	16,603		16,565
Total current assets	130,515		134,451
Investment in joint ventures	15,423		14,168
Deferred income taxes	5,302		5,387
Other long-term assets	9,561		3,021
Property, plant and equipment	241,094		216,859
Less: accumulated depreciation	(138,417)		(131,710)
Net property, plant and equipment	102,677		85,149
Total assets	263,478		242,176
Current Liabilities:
Accounts payable	40,438		32,416
Accrued Liabilities:
Payroll and benefits	12,615		11,210
Environmental	1,312		1,365
Warranty	7,798		9,228
Other	7,620		9,996
Total current liabilities	69,783		64,215
Borrowings under credit facility	26,000		20,000
Accrued pension obligations	1,542		1,466
Accrued postretirement obligations	1,050		1,262
Other long-term liabilities	743		721
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,214,103 issued shares at April 2, 2017 and 7,188,363 issued shares at July 3, 2016	72		72
Capital in excess of par value	93,381		92,076
Retained earnings	224,641		220,728
Accumulated other comprehensive loss	(37,992)		(37,673)
Less: treasury stock, at cost (3,620,268 shares at April 2, 2017 and 3,622,506 shares at July 3, 2016)	(135,835)		(135,871)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	144,267		139,332
Non-controlling interest	20,093		15,180
Total shareholders’ equity	164,360		154,512
Total liabilities and shareholders' equity	$ 263,478		$ 242,176

[1] (Unaudited)