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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 29, 2024
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 34,403 $ 25,410
Receivables, net 102,266 99,297
Inventories:    
Finished products 18,540 19,833
Work in process 15,520 15,461
Purchased materials 49,734 46,355
Inventories, net 83,794 81,649
Pre-production costs 15,265 22,173
Value added tax recoverable 20,624 19,684
Other current assets 4,396 5,601
Total current assets 260,748 253,814
Deferred income taxes 17,235 17,593
Other long-term assets 6,363 6,698
Net property, plant and equipment 82,521 86,184
Total assets 366,867 364,289
Current Liabilities:    
Accounts payable 59,461 54,911
Accrued Liabilities:    
Payroll and benefits 25,421 28,953
Value added tax payable 10,982 9,970
Environmental 1,390 1,390
Warranty 10,698 10,695
Other 11,619 12,369
Total current liabilities 119,571 118,288
Borrowings under credit facilities - long term 13,000 13,000
Accrued pension obligations 1,417 1,379
Accrued postretirement obligations 1,041 1,050
Other long-term liabilities 4,778 4,957
Shareholders’ Equity:    
Common stock 76 76
Capital in excess of par value 101,218 101,024
Retained earnings 254,315 250,612
Accumulated other comprehensive loss (17,104) (15,689)
Treasury stock, at cost (135,471) (135,478)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 203,034 200,545
Non-controlling interest 24,026 25,070
Total shareholders’ equity 227,060 225,615
Total liabilities and shareholders' equity $ 366,867 $ 364,289