Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 27, 2020	Jun. 28, 2020
Current Assets:
Cash and cash equivalents	$ 11,983	$ 11,774
Receivables, net	79,764	41,955
Inventories:
Finished products	13,122	13,142
Work in process	12,551	11,815
Purchased materials	31,523	34,333
Excess and obsolete reserve	(5,523)	(4,890)
Inventories, net	51,673	54,400
Other current assets	17,527	17,239
Total current assets	160,947	125,368
Investment in joint ventures	23,723	22,068
Deferred Income Taxes	6,402	6,490
Other long-term assets	6,547	6,471
Property, plant and equipment	268,166	266,216
Less: accumulated depreciation	(165,556)	(161,068)
Net property, plant and equipment	102,610	105,148
Total assets	300,229	265,545
Current Liabilities:
Accounts payable	40,809	18,549
Accrued Liabilities:
Payroll and benefits	16,314	13,498
Environmental	1,257	1,259
Warranty	8,405	8,500
Other	9,518	6,334
Total current liabilities	76,303	48,140
Borrowings under credit facilities	30,000	35,000
Accrued pension obligations	1,277	1,255
Accrued postretirement obligations	684	701
Other long-term liabilities	4,945	5,008
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,393,481 issued shares at September 27, 2020 and 7,358,812 issued shares at June 28, 2020	74	74
Capital in excess of par value	98,188	97,977
Retained earnings	219,948	211,940
Accumulated other comprehensive loss	(20,665)	(22,113)
Less: treasury stock, at cost (3,608,214 shares at September 27, 2020 and 3,609,193 shares at June 28, 2020)	(135,640)	(135,656)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	161,905	152,222
Non-controlling interest	25,115	23,219
Total shareholders’ equity	187,020	175,441
Total liabilities and shareholders' equity	$ 300,229	$ 265,545