Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jan. 01, 2023	Jul. 03, 2022
Current Assets:
Cash and cash equivalents	$ 13,578	$ 8,774
Receivables, net	73,205	75,827
Inventories:
Finished products	14,953	19,499
Work in process	15,211	18,263
Purchased materials	43,532	48,209
Excess and obsolete reserve	(5,845)	(5,489)
Inventories, net	67,851	80,482
Other current assets	34,646	23,149
Total current assets	189,280	188,232
Investment in joint ventures	26,301	26,654
Deferred Income Taxes	7,150	7,081
Other long-term assets	5,263	5,438
Property, plant and equipment	287,997	278,249
Less: accumulated depreciation	(195,220)	(186,520)
Net property, plant and equipment	92,777	91,729
Total assets	320,771	319,134
Current Liabilities:
Accounts payable	37,292	43,950
Accrued Liabilities:
Payroll and benefits	18,878	17,959
Environmental	1,390	1,390
Warranty	7,760	8,100
Other	14,216	10,130
Total current liabilities	79,536	81,529
Borrowings under credit facilities	17,000	11,000
Accrued pension obligations	1,338	1,259
Accrued postretirement obligations	1,333	1,329
Other long-term liabilities	3,888	4,070
Shareholders’ Equity:
Common stock, authorized 18,000,000 shares, $.01 par value, 7,530,170 issued shares at January 1, 2023 and 7,481,169 issued shares at July 3, 2022	75	75
Capital in excess of par value	102,520	101,524
Retained earnings	239,255	240,969
Accumulated other comprehensive loss	(19,226)	(18,588)
Less: treasury stock, at cost (3,602,937 shares at January 1, 2023 and 3,604,466 shares at July 3, 2022)	(135,556)	(135,580)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	187,068	188,400
Non-controlling interest	30,608	31,547
Total shareholders’ equity	217,676	219,947
Total liabilities and shareholders' equity	$ 320,771	$ 319,134