Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 27, 2022	Jun. 27, 2021
Current Assets:
Cash and cash equivalents	$ 16,459	$ 14,465
Receivables, net	76,526	69,902
Inventories:
Finished products	16,772	20,633
Work in process	17,650	14,707
Purchased materials	45,288	40,900
Excess and obsolete reserve	(6,400)	(5,380)
Inventories, net	73,310	70,860
Other current assets	23,422	19,677
Total current assets	189,717	174,904
Investment in joint ventures	28,405	27,224
Deferred Income Taxes	4,978	5,052
Other long-term assets	6,641	6,982
Property, plant and equipment	274,414	270,429
Less: accumulated depreciation	(182,991)	(174,028)
Net property, plant and equipment	91,423	96,401
Total assets	321,164	310,563
Current Liabilities:
Accounts payable	43,513	36,727
Accrued Liabilities:
Payroll and benefits	16,797	22,483
Environmental	1,390	1,390
Warranty	8,119	8,425
Other	10,173	8,547
Total current liabilities	79,992	77,572
Borrowings under credit facilities	12,000	12,000
Accrued pension obligations	2,409	2,334
Accrued postretirement obligations	528	599
Other long-term liabilities	4,381	4,625
Shareholders’ Equity:
Common stock, authorized 18,000,000 shares, $.01 par value, 7,481,169 issued shares at March 27, 2022 and 7,411,717 issued shares at June 27, 2021	75	74
Capital in excess of par value	101,244	99,512
Retained earnings	241,113	234,472
Accumulated other comprehensive loss	(17,000)	(16,797)
Less: treasury stock, at cost (3,605,165 shares at March 27, 2022 and 3,606,652 shares at June 27, 2021)	(135,591)	(135,615)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	189,841	181,646
Non-controlling interest	32,013	31,787
Total shareholders’ equity	221,854	213,433
Total liabilities and shareholders' equity	$ 321,164	$ 310,563