Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Jul. 02, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 25,410	$ 20,571
Receivables, less allowance for credit losses of $500 at June 30, 2024 and July 2, 2023	99,297	89,811
Inventories, net	81,649	77,597
Customer tooling in progress, net	22,173	20,800
Income taxes recoverable	319	2,711
Value added tax recoverable	19,684	7,912
Other current assets	5,282	6,380
Total current assets	253,814	225,782
DEFERRED INCOME TAXES	17,593	13,619
OTHER LONG-TERM ASSETS	6,698	7,083
PROPERTY, PLANT AND EQUIPMENT, NET	86,184	94,446
Total assets	364,289	340,930
CURRENT LIABILITIES:
Accounts payable	54,911	57,927
Accrued liabilities:
Payroll and benefits	28,953	22,616
Value added tax payable	9,970	6,499
Income tax payable	5,103	2,607
Environmental	1,390	1,390
Warranty	10,695	9,725
Accrued liabilities, other	7,266	8,222
Total current liabilities	118,288	108,986
Commitments and Contingencies - see note beginning on page 46
BORROWINGS UNDER CREDIT FACILITIES	13,000	13,000
ACCRUED PENSION OBLIGATIONS	1,379	1,206
ACCRUED POSTRETIREMENT OBLIGATIONS	1,050	1,157
OTHER LONG-TERM LIABILITIES	4,957	5,557
SHAREHOLDERS’ EQUITY:
Common stock, authorized 18,000,000, $.01 par value, issued 7,586,920 shares at June 30, 2024 and 7,530,170 shares at July 2, 2023	76	75
Capital in excess of par value	101,024	100,309
Retained earnings	250,612	234,299
Accumulated other comprehensive loss	(15,689)	(14,194)
Less: Treasury stock at cost (3,598,126 shares at June 30, 2024 and 3,601,124 shares at July 2, 2023)	(135,478)	(135,526)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	200,545	184,963
Non-controlling interest	25,070	26,061
Total shareholders’ equity	225,615	211,024
Total liabilities and shareholders' equity	$ 364,289	$ 340,930