Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 29, 2019	Jun. 30, 2019
Current Assets:
Cash and cash equivalents	$ 11,241	$ 7,809
Receivables, net	78,932	84,230
Inventories:
Finished products	13,534	11,582
Work in process	11,120	10,529
Purchased materials	31,371	29,376
Excess and obsolete reserve	(4,525)	(4,225)
Inventories, net	51,500	47,262
Other current assets	14,024	17,331
Total current assets	155,697	156,632
Investment in joint ventures	23,216	23,528
Deferred Income Taxes	3,388	2,933
Other long-term assets	15,520	11,523
Property, plant and equipment	289,170	287,421
Less: accumulated depreciation	(173,192)	(169,301)
Net property, plant and equipment	115,978	118,120
Total assets	313,799	312,736
Current Liabilities:
Accounts payable	43,996	41,889
Accrued Liabilities:
Payroll and benefits	20,366	17,339
Environmental	1,275	1,278
Warranty	7,793	7,900
Other	8,753	10,857
Total current liabilities	82,183	79,263
Borrowings under credit facilities	36,000	42,000
Accrued pension obligations	1,693	1,663
Accrued postretirement obligations	736	762
Other long-term liabilities	4,916	1,232
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,344,312 issued shares at September 29, 2019 and 7,304,994 issued shares at June 30, 2019	74	73
Capital in excess of par value	97,128	96,491
Retained earnings	221,839	221,117
Accumulated other comprehensive loss	(19,691)	(18,568)
Less: treasury stock, at cost (3,612,584 shares at September 29, 2019 and 3,613,439 shares at June 30, 2019)	(135,711)	(135,725)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	163,639	163,388
Non-controlling interest	24,632	24,428
Total shareholders’ equity	188,271	187,816
Total liabilities and shareholders' equity	$ 313,799	$ 312,736