Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2021	Jun. 28, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 14,465	$ 11,774
Receivables, less allowance for doubtful accounts of $500 at June 27, 2021 and June 28, 2020	69,902	41,955
Inventories, net	70,860	54,400
Customer tooling in progress, net	7,571	8,768
Income taxes recoverable	5,716	2,912
Other current assets	6,390	5,559
Total current assets	174,904	125,368
INVESTMENT IN JOINT VENTURES	27,224	22,068
DEFERRED INCOME TAXES	5,052	6,490
OTHER LONG-TERM ASSETS	6,982	6,471
PROPERTY, PLANT AND EQUIPMENT, NET	96,401	105,148
Total assets	310,563	265,545
CURRENT LIABILITIES:
Accounts payable	36,727	18,549
Accrued liabilities:
Payroll and benefits	22,483	13,498
Environmental	1,390	1,259
Warranty	8,425	8,500
Other	8,547	6,334
Total current liabilities	77,572	48,140
Commitments and Contingencies
BORROWINGS UNDER CREDIT FACILITIES	12,000	35,000
ACCRUED PENSION OBLIGATIONS	2,334	1,255
ACCRUED POSTRETIREMENT OBLIGATIONS	599	701
OTHER LONG-TERM LIABILITIES	4,625	5,008
SHAREHOLDERS’ EQUITY:
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,411,717 shares at June 27, 2021 and 7,358,812 shares at June 28, 2020	74	74
Capital in excess of par value	99,512	97,977
Retained earnings	234,472	211,940
Accumulated other comprehensive loss	(16,797)	(22,113)
Less: Treasury stock at cost (3,606,652 shares at June 27, 2021 and 3,609,193 shares at June 28, 2020)	(135,615)	(135,656)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	181,646	152,222
Non-controlling interest	31,787	23,219
Total shareholders’ equity	213,433	175,441
Total liabilities and shareholders' equity	$ 310,563	$ 265,545