Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2018	[1]	Jul. 02, 2017
Current Assets:
Cash and cash equivalents	$ 7,037		$ 8,361
Receivables, net	70,527		64,933
Inventories:
Finished products	9,665		9,976
Work in process	9,655		9,328
Purchased materials	28,339		20,682
Excess and obsolete reserve	(4,678)		(4,510)
Inventories, net	42,981		35,476
Other current assets	27,401		20,235
Total current assets	147,946		129,005
Investment in joint ventures	21,367		16,840
Deferred income taxes	1,620		256
Other long-term assets	17,598		16,022
Property, plant and equipment	268,246		251,519
Less: accumulated depreciation	(149,697)		(139,928)
Net property, plant and equipment	118,549		111,591
Total assets	307,080		273,714
Current Liabilities:
Accounts payable	44,268		39,679
Accrued Liabilities:
Payroll and benefits	12,371		13,055
Environmental	1,295		1,308
Warranty	6,297		5,550
Other	7,498		8,303
Total current liabilities	71,729		67,895
Borrowings under credit facility	48,000		30,000
Accrued pension obligations	1,580		1,492
Accrued postretirement obligations	802		1,003
Other long-term liabilities	1,787		610
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,251,937 issued shares at April 1, 2018 and 7,216,103 issued shares at July 2, 2017	72		72
Capital in excess of par value	94,869		93,813
Retained earnings	232,695		225,913
Accumulated other comprehensive loss	(30,782)		(32,888)
Less: treasury stock, at cost (3,617,471 shares at April 1, 2018 and 3,619,487 shares at July 2, 2017)	(135,790)		(135,822)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	161,064		151,088
Non-controlling interest	22,118		21,626
Total shareholders’ equity	183,182		172,714
Total liabilities and shareholders' equity	$ 307,080		$ 273,714

[1] Unaudited