Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 28, 2021	Jun. 28, 2020
Current Assets:
Cash and cash equivalents	$ 11,335	$ 11,774
Receivables, net	81,304	41,955
Inventories:
Finished products	16,709	13,142
Work in process	13,546	11,815
Purchased materials	33,478	34,333
Excess and obsolete reserve	(5,403)	(4,890)
Inventories, net	58,330	54,400
Other current assets	18,051	17,239
Total current assets	169,020	125,368
Investment in joint ventures	26,051	22,068
Deferred Income Taxes	6,494	6,490
Other long-term assets	6,896	6,471
Property, plant and equipment	266,346	266,216
Less: accumulated depreciation	(169,083)	(161,068)
Net property, plant and equipment	97,263	105,148
Total assets	305,724	265,545
Current Liabilities:
Accounts payable	36,250	18,549
Accrued Liabilities:
Payroll and benefits	21,474	13,498
Environmental	1,390	1,259
Warranty	8,273	8,500
Other	8,111	6,334
Total current liabilities	75,498	48,140
Borrowings under credit facilities	16,000	35,000
Accrued pension obligations	1,322	1,255
Accrued postretirement obligations	622	701
Other long-term liabilities	4,788	5,008
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,411,717 issued shares at March 28, 2021 and 7,358,812 issued shares at June 28, 2020	74	74
Capital in excess of par value	99,303	97,977
Retained earnings	231,546	211,940
Accumulated other comprehensive loss	(17,711)	(22,113)
Less: treasury stock, at cost (3,607,076 shares at March 28, 2021 and 3,609,193 shares at June 28, 2020)	(135,622)	(135,656)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	177,590	152,222
Non-controlling interest	29,904	23,219
Total shareholders’ equity	207,494	175,441
Total liabilities and shareholders' equity	$ 305,724	$ 265,545