Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 26, 2021	Jun. 27, 2021
Current Assets:
Cash and cash equivalents	$ 7,024	$ 14,465
Receivables, net	66,614	69,902
Inventories:
Finished products	22,942	20,633
Work in process	15,014	14,707
Purchased materials	45,126	40,900
Excess and obsolete reserve	(5,375)	(5,380)
Inventories, net	77,707	70,860
Other current assets	24,295	19,677
Total current assets	175,640	174,904
Investment in joint ventures	26,617	27,224
Deferred Income Taxes	4,961	5,052
Other long-term assets	6,913	6,982
Property, plant and equipment	271,792	270,429
Less: accumulated depreciation	(177,579)	(174,028)
Net property, plant and equipment	94,213	96,401
Total assets	308,344	310,563
Current Liabilities:
Accounts payable	34,533	36,727
Accrued Liabilities:
Payroll and benefits	16,381	22,483
Environmental	1,390	1,390
Warranty	8,440	8,425
Other	9,690	8,547
Total current liabilities	70,434	77,572
Borrowings under credit facilities	17,000	12,000
Accrued pension obligations	2,359	2,334
Accrued postretirement obligations	564	599
Other long-term liabilities	4,548	4,625
Shareholders’ Equity:
Common stock, authorized 12,000,000 shares, $.01 par value, 7,469,527 issued shares at September 26, 2021 and 7,411,717 issued shares at June 27, 2021	75	74
Capital in excess of par value	100,519	99,512
Retained earnings	234,573	234,472
Accumulated other comprehensive loss	(17,278)	(16,797)
Less: treasury stock, at cost (3,606,180 shares at September 26, 2021 and 3,606,652 shares at June 27, 2021)	(135,608)	(135,615)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	182,281	181,646
Non-controlling interest	31,158	31,787
Total shareholders’ equity	213,439	213,433
Total liabilities and shareholders' equity	$ 308,344	$ 310,563