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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2025
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 84,579 $ 25,410
Receivables, net 102,061 99,297
Inventories:    
Finished products 12,398 19,833
Work in process 11,303 15,461
Purchased materials 41,000 46,355
Inventories, net 64,701 81,649
Pre-production costs 8,657 22,173
Value added tax recoverable 19,389 19,684
Income taxes recoverable 2,465 319
Other current assets 8,211 5,282
Total current assets 290,063 253,814
Property, plant and equipment:    
Land and Land Improvements 6,582 6,697
Buildings and improvements 39,821 39,927
Machinery and equipment 236,545 258,622
Total property, plant and equipment 282,948 305,246
Less: accumulated depreciation 205,538 219,062
Property, plant and equipment, net 77,410 86,184
Deferred income taxes 19,531 17,593
Other noncurrent assets 4,450 6,698
Total assets 391,454 364,289
Current Liabilities:    
Accounts payable 65,824 54,911
Accrued payroll and benefits 22,956 28,953
Value added tax payable 11,933 9,970
Income tax payable 88 5,103
Warranty reserve 8,900 10,695
Other current liabilities 9,649 8,656
Total current liabilities 119,350 118,288
Noncurrent Liabilities:    
Borrowings under credit facilities 8,000 13,000
Post-employment benefits 13,325 2,429
Other noncurrent liabilities 4,348 4,957
Total Liabilities 145,023 138,674
Shareholders' Equity:    
Common stock, authorized 18,000,000 shares, $.01 par value, 7,635,883 issued shares at June 29, 2025 and 7,586,920 issued shares at June 30, 2024 76 76
Capital in excess of par value 103,784 101,024
Retained earnings 269,297 250,612
Accumulated other comprehensive loss (16,113) (15,689)
Less: treasury stock, at cost (3,596,549 shares at June 29, 2025 and 3,598,126 shares at June 30, 2024) (135,452) (135,478)
Total Strattec shareholders' equity 221,592 200,545
Non-controlling interest 24,839 25,070
Total shareholders’ equity 246,431 225,615
Total Liabilities and Shareholders' Equity $ 391,454 $ 364,289