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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 29, 2014
Jun. 30, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 19,756 $ 20,307
Receivables, less allowance for doubtful accounts of $500 at June 29, 2014 and June 30, 2013 68,822 47,514
Inventories, net 30,502 24,312
Customer tooling in progress, net 5,292 2,278
Deferred income taxes 5,671 4,267
Other current assets 5,596 7,821
Total current assets 135,639 106,499
INVESTMENT IN JOINT VENTURES 9,977 9,166
OTHER LONG-TERM ASSETS 11,639 2,420
PROPERTY, PLANT AND EQUIPMENT, NET 55,781 51,415
Total assets 213,036 169,500
CURRENT LIABILITIES:    
Accounts payable 36,053 25,543
Borrowings under credit facility   2,250
Accrued liabilities:    
Payroll and benefits 18,058 13,993
Environmental 1,397 1,414
Warranty 3,462 2,500
Income taxes 527  
Other 5,766 5,025
Total current liabilities 65,263 50,725
Commitments and Contingencies – see note on page 44      
DEFERRED INCOME TAXES 5,127 1,009
BORROWINGS UNDER CREDIT FACILITY 2,500  
ACCRUED PENSION OBLIGATIONS 1,619 1,464
ACCRUED POSTRETIREMENT OBLIGATIONS 2,223 2,717
OTHER LONG-TERM LIABILITIES 1,401 1,705
SHAREHOLDERS’ EQUITY:    
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,110,308 shares at June 29, 2014 and 6,998,702 shares at June 30, 2013 71 70
Capital in excess of par value 87,054 82,684
Retained earnings 194,498 179,614
Accumulated other comprehensive loss (20,198) (22,212)
Less: Treasury stock at cost (3,625,492 shares at June 29, 2014 and 3,626,673 shares at June 30, 2013) (135,919) (135,938)
Total STRATTEC SECURITY CORPORATION shareholders’ equity 125,506 104,218
Non-controlling interest 9,397 7,662
Total shareholders’ equity 134,903 111,880
Total liabilities and shareholders' equity $ 213,036 $ 169,500