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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Jul. 01, 2018
Current Assets:    
Cash and cash equivalents $ 10,345 [1] $ 8,090
Receivables, net 78,525 [1] 73,832
Inventories:    
Finished products 13,418 [1] 13,410
Work in process 10,828 [1] 10,059
Purchased materials 26,149 [1] 27,185
Excess and obsolete reserve (4,116) [1] (4,000)
Inventories, net 46,279 [1] 46,654
Other current assets 20,469 [1] 22,527
Total current assets 155,618 [1] 151,103
Investment in joint ventures 21,787 [1] 22,192
Other long-term assets 17,542 [1] 17,338
Property, plant and equipment 275,549 [1] 269,716
Less: accumulated depreciation (157,548) [1] (153,174)
Net property, plant and equipment 118,001 [1] 116,542
Total assets 312,948 [1] 307,175
Current Liabilities:    
Accounts payable 39,010 [1] 38,439
Accrued Liabilities:    
Payroll and benefits 12,895 [1] 13,393
Environmental 1,290 [1] 1,291
Warranty 7,870 [1] 7,800
Other 9,404 [1] 7,870
Borrowings under credit facilities [1] 2,000  
Total current liabilities 72,469 [1] 68,793
Borrowings under credit facilities 49,000 [1] 51,000
Deferred income taxes 372 [1] 961
Accrued pension obligations 1,584 [1] 1,553
Accrued postretirement obligations 784 [1] 826
Other long-term liabilities 807 [1] 796
Shareholders’ Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, 7,289,280 issued shares at September 30, 2018 and 7,251,937 issued shares at July 1, 2018 73 [1] 73
Capital in excess of par value 95,537 [1] 95,140
Retained earnings 239,115 [1] 236,162
Accumulated other comprehensive loss (32,946) [1] (33,439)
Less: treasury stock, at cost (3,616,030 shares at September 30, 2018 and 3,616,734 shares at July 1,2018) (135,767) [1] (135,778)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 166,012 [1] 162,158
Non-controlling interest 21,920 [1] 21,088
Total shareholders’ equity 187,932 [1] 183,246
Total liabilities and shareholders' equity $ 312,948 [1] $ 307,175
[1] Unaudited