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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 30, 2018
Jul. 01, 2018
Current Assets:    
Cash and cash equivalents $ 11,373 [1] $ 8,090
Receivables, net 67,256 [1] 73,832
Inventories:    
Finished products 14,730 [1] 13,410
Work in process 11,182 [1] 10,059
Purchased materials 26,180 [1] 27,185
Excess and obsolete reserve (4,104) [1] (4,000)
Inventories, net 47,988 [1] 46,654
Other current assets 19,707 [1] 22,527
Total current assets 146,324 [1] 151,103
Investment in joint ventures 22,989 [1] 22,192
Deferred Income Taxes [1] 1,112  
Other long-term assets 10,620 [1] 17,338
Property, plant and equipment 278,589 [1] 269,716
Less: accumulated depreciation (160,796) [1] (153,174)
Net property, plant and equipment 117,793 [1] 116,542
Total assets 298,838 [1] 307,175
Current Liabilities:    
Accounts payable 35,652 [1] 38,439
Accrued Liabilities:    
Payroll and benefits 12,482 [1] 13,393
Environmental 1,287 [1] 1,291
Warranty 7,921 [1] 7,800
Other 8,582 [1] 7,870
Total current liabilities 65,924 [1] 68,793
Borrowings under credit facilities 46,000 [1] 51,000
Deferred income taxes   961
Accrued pension obligations 1,615 [1] 1,553
Accrued postretirement obligations 723 [1] 826
Other long-term liabilities 819 [1] 796
Shareholders’ Equity:    
Common stock, authorized 12,000,000 shares, $.01 par value, 7,292,194 issued shares at December 30, 2018 and 7,251,937 issued shares at July 1, 2018 73 [1] 73
Capital in excess of par value 95,818 [1] 95,140
Retained earnings 220,483 [1] 236,162
Accumulated other comprehensive loss (18,648) [1] (33,439)
Less: treasury stock, at cost (3,615,515 shares at December 30, 2018 and 3,616,734 shares at July 1,2018) (135,758) [1] (135,778)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 161,968 [1] 162,158
Non-controlling interest 21,789 [1] 21,088
Total shareholders’ equity 183,757 [1] 183,246
Total liabilities and shareholders' equity $ 298,838 [1] $ 307,175
[1] Unaudited